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Stock Market & Financial Investment News

News Breaks
December 6, 2012
09:00 EDTDAL, VRA, ZNGA, BDRBF, MW, FIO, ERJ, FNSR, WLTOn The Fly: Pre-market Movers
HIGHER AFTER EARNINGS: Finisar (FNSR), up 4.9%... ALSO HIGHER: Walter Energy (WLT), up 7.9% after reports in U.K. papers of potential takeover bids... Fusion-io (FIO), up 4.3% after BofA Merrill Lynch initiates with a Buy, $30 target... Zynga (ZNGA), up 5.2%, after WSJ says paperwork filed with the Nevada Gaming Control Board for real money games... LOWER AFTER EARNINGS: Men's Wearhouse (MW), down 11.5%... Vera Bradley (VRA), down 9.4%... ALSO LOWER: Embraer (ERJ), down 5% after Bombardier (BDRBF) wins order for 70 jets from Delta (DAL).
News For WLT;FIO;ZNGA;FNSR;MW;VRA;ERJ;BDRBF;DAL From The Last 14 Days
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May 18, 2015
06:09 EDTDALTrade group sees airlines carrying record passenger loads this summer, WSJ says
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May 15, 2015
16:28 EDTDALAppaloosa Management gives quarterly update on stakes
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12:13 EDTDALThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
07:56 EDTDALNational Press Club to hold a luncheon meeting
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May 14, 2015
07:34 EDTBDRBFBombardier confirms reduction of production rate for Global 5000, Global 6000
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07:33 EDTBDRBFBombardier confirms reduction of production rate for Global 5000, Global 6000
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06:14 EDTDALQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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May 13, 2015
19:42 EDTDALDelta Air Lines shares can rise 50%, Barron's says
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12:39 EDTDALOn The Fly: Top stock stories at midday
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09:56 EDTDALEquity options with increasing volume
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09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
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07:13 EDTDALBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
May 12, 2015
09:07 EDTBDRBFPratt & Whitney signs data management service agreement with Bombardier
Bombardier (BDRBF) announced that it has teamed up with Pratt & Whitney, a United Technologies (UTX) company, to develop and implement a data management service for the CSeries aircraft - part of the overall Bombardier Aircraft Health Management System, or AHMS, capable of transmitting real-time and recorded data from the aircraft. The AHMS will facilitate remote troubleshooting and deliver efficient and accurate diagnostics for use by maintenance and flight crews. Under this agreement, Pratt & Whitney's eFAST system will be the infrastructure unit used to perform data transmissions from the CSeries aircraft's on-board Health Management Unit, or HMU, to the ground. Along with Bombardier, they will make up the data acquisition structure which will automatically download, process and store data that will be available for upload to respective customer portals.
May 11, 2015
16:00 EDTDALOptions Update; May 11, 2015
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May 8, 2015
15:07 EDTDALThe National Press Club holds a luncheon meeting
The National Press Club holds a Luncheon Meeting with guest speakers Richard Anderson, CEO of Delta Air Lines, W. Douglas Parker, CEO of American Airlines Group and Jeff Smisek, CEO of United Airlines to speak jointly on "Restoring Fair Competition to the Skies" in Washington,D.C. on May 15 at 12:30 pm.
09:28 EDTWLTOn The Fly: Pre-market Movers
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09:22 EDTWLTWalter Energy to make interest payments, continue talks with debtholders
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