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Stock Market & Financial Investment News

News Breaks
July 29, 2014
17:06 EDTWIN, FTR, T, VZ, CTL, UPS, CLF, PGTI, GLWOn The Fly: Closing Wrap
Stocks on Wall Street were lower amid new sanctions from both the U.S. and Europe against Russia. The sanctions news that came out throughout the session overshadowed a better than expected consumer confidence reading and another round of earnings reports. ECONOMIC EVENTS: In the U.S., the S&P Case Shiller home price index rose 9.34% from the prior year in May to 170.64, which was a bit below the expectation for a 9.9% year-over-year increase. The Conference Board's consumer confidence reading climbed to 90.9 in July from an upwardly revised 86.4 June figure, beating expectations for a 85.4 reading and reaching its highest level since October 2007. Also, the U.S. and European Union both announced new sanctions against Russia, including some against some of the nation's largest banks. COMPANY NEWS: Shares of Windstream (WIN) rose $1.30, or 12.35%, to $11.83 after the company announced that it would spin off some of its assets into a real estate investment trust, or REIT. The implications of the ruling Windstream received from the IRS and the company's plan reverberated throughout the telecommunications sector, as illustrated by Frontier Communications' (FTR) shares also gaining 85c, or 14.31%, to $6.79. However, UBS analyst Scott Arwin said he does not expect large telecom companies like Verizon (VZ) and AT&T (T) to follow Windstream's lead, as he does not think the larger companies will want to open their networks to competitors at regulated rates. Raymond James similarly said it believes Verizon has looked at potential REIT transactions in the past, and that it’s doubtful the company would be comfortable not owning its assets and that AT&T and CenturyLink (CTL) may be in similar positions. MAJOR MOVERS: Among the notable gainers was PGT Inc. (PGTI), which gained $2.02, or 27.33%, to $9.41 after reporting better than expected quarterly results and agreeing to buy CGI Windows & Doors for about $111M. Also higher was Cliffs Natural Resources (CLF), which rose $1.03, or 6.21%, to $17.62 after activist shareholder Casablanca Capital announced that all six of its nominees have been elected to Cliffs' board of directors according to preliminary estimates. Among the noteworthy losers was UPS (UPS), which fell $3.80, or 3.7%, to $98.86 after reporting Q2 adjusted earnings per share that missed expectations and lowering its fiscal year earnings outlook, citing its plans to increase operating expenses for capacity and peak season related projects. Also lower were shares of Corning (GLW), which fell $2.05, or 9.3%, to $20.00 after reporting on its Q2 results and guiding its Q3 LCD glass volume to be up by a mid-single digit percentage sequentially. INDEXES: The Dow fell 70.48, or 0.42%, to 16,912.11, the Nasdaq dropped 2.21, or 0.05%, to 4,442.70, and the S&P 500 declined 8.96, or 0.45%, to 1,969.95.
News For WIN;FTR;T;VZ;CTL;UPS;CLF;PGTI;GLW From The Last 14 Days
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September 23, 2014
12:19 EDTTAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
12:00 EDTUPSThree people dead in shooting at UPS facility in Alabama, AP reports
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September 22, 2014
16:00 EDTCLFOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
14:23 EDTCLFCliffs Natural falls to fresh 52-week lows, levels to watch
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11:03 EDTUPSUPS expands 3D printing across U.S. with Stratasys collaboration
UPS (UPS) is expanding 3D printing services to meet the growing demands of its small business customers to nearly 100 additional locations nationwide. As the first nationwide retailer to offer 3D printing services in-store, in collaboration with Stratasys (SSYS), the UPS Store continues to evolve its services to better meet the needs of small business owners.
10:01 EDTTGernin Group and AT&T's Otter Media to acquire majority stake in Fullscreen
Otter Media, a venture between The Chernin Group and AT&T, agreed to purchase a majority stake in Fullscreen, a global online media company. As part of the deal, Fullscreen CEO and Founder George Strompolos will continue as CEO and maintain a material ownership stake in the company. Otter Media was established by AT&T and The Chernin Group to invest in, acquire and launch over-the-top video services. Fullscreen's management team will all continue in their roles in the company. The transaction is expected to close within the next month, subject to regulatory approval. WPP, which had invested in Fullscreen in a round of Series A funding led by The Chernin Group in 2013, will continue as a strategic shareholder in the company.
07:14 EDTT, VZGSM Association to hold a conference
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September 19, 2014
14:05 EDTFTRFrontier Communications partners with William Raveis Real Estate
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September 18, 2014
12:23 EDTTAT&T ex-partners look to FCC to hinder DirecTV offer, Reuters says
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09:34 EDTTAT&T extends NetBond security services to IBM SoftLayer platform
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September 17, 2014
15:06 EDTTAT&T met with Mexican telecommunications regulators, Bloomberg says
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13:34 EDTTAT&T could need significant debt to pursue America Movil assets, WSJ says
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11:42 EDTVZVerizon says company-wide growth at moment is 'fine'
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11:39 EDTT, VZVerizon says tower sales options more favorable in current market
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10:13 EDTCTLRackspace sinks after deciding to remain independent
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September 16, 2014
17:41 EDTTAT&T indicates interest in Mexico market, WSJ says
AT&T's (T) Chief Strategy Officer, John Stankey, speaking at an investor conference, said that Mexico, a fast growing market, is of interest to AT&T and the company has the balance sheet to do a deal if an opportunity arises, says the Wall Street Journal. América Móvil (AMX,AMOV) recently said it will sell off assets in Mexico to comply with regulatory issues there, added the Wall Street Journal. Reference Link
17:32 EDTTAT&T signs agreement with Shell to upgrade unified communications platform
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08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
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08:18 EDTVZFCC to hold a roundtable
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07:27 EDTFTR, TBofA/Merrill to hold a conference
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