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Stock Market & Financial Investment News

News Breaks
December 6, 2012
09:00 EDTBDRBF, MW, FIO, ERJ, FNSR, WLT, DAL, VRA, ZNGAOn 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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January 16, 2015
07:09 EDTMWMen's Wearhouse says arbitrators awarded former JA Apparel licensee $42.6M
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06:16 EDTBDRBFBombardier downgraded to Sector Performer from Outperformer at CIBC
06:16 EDTBDRBFBombardier downgraded to Neutral from Buy at Citigroup
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January 15, 2015
10:29 EDTBDRBFRockwell Collins outlook assumes zero for Learjet 85, says Wells Fargo
After Bombardier (BDRBF) announced it will 'pause' development of its all-composite Learjet-85 business jet due to weak demand, Wells Fargo points out that Rockwell Collins (COL) supplies the Learjet 85's avionics. Wells finds it unclear if Bombardier's decision will trigger any impairment for Rockwell, but notes the company already stated its FY15 revenue guidance assumes zero for Learjet 85. The firm adds United Technologies unit Pratt & Whitney Canada supplies the Learjet 85's engines while LMI Aerospace (LMIA) takes part in the plane's engineering. Wells estimates about 3% of LMI's recent sales have been tied to Learjet 85 development.
10:00 EDTERJOn The Fly: Analyst Upgrade Summary
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08:17 EDTBDRBFBombardier to hold a conference call
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07:43 EDTBDRBFBombardier says Aerospace exceeded delivery target guidance
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07:42 EDTBDRBFBombardier sees FY14 Aerospace cash flow from operations about $800M
Cash flow from operating activities at Aerospace is expected to be approximately $800M while net additions to property, plant and equipment, or PP&E, and intangible assets are expected to be approximately $1.8B, compared with a previous guidance for cash flow from operating activities between $1.2B-$1.6B and net additions to PP&E and intangible assets between $1.6B-$1.9B. The variation in Aerospace's cash flow from operating activities is mainly due to a lower level of customer advances, a lower EBIT and an increase in used aircraft inventory. Free cash flow for Transportation is expected to be slightly positive compared with a previous guidance of free cash flow generally in line with EBIT. This variation is mainly due to a different cash flow profile in some contracts and a lower level of advances on options in relation to framework contract agreements. As of December 31, 2014, available short-term capital resources were approximately $3.8B, including cash and cash equivalents of approximately $2.4B.
07:40 EDTBDRBFBombardier says certain financial guidance will not be met
Bombardier stated that following a review of preliminary results compiled by Bombardier for the fiscal year ended December 31, 2014, it has become clear that certain financial guidance previously provided will not be met. Based on these preliminary results, Bombardier is updating its guidance for 2014. Earnings before financing expenses, financing income and income taxes, or EBIT, before special items at Aerospace is expected to be approximately 4% compared with a previous guidance of 5%. The variation is mainly due to increased provisions for credit and residual value guarantees, pricing pressure on new aircraft sold, as well as a decrease in fair value of used aircraft. EBIT before special items at Transportation is expected to be approximately 5% compared to a previous guidance of 6%. This variation is mainly due to revised escalation assumptions for some contracts which impacted estimated future revenues.
07:38 EDTBDRBFBombardier says certain financial guidance will not be met
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07:37 EDTBDRBFBombardier pauses Learjet 85 program, to reduce workforce by 1,000
Bombardier announced the pause of its Learjet 85 business aircraft program. The pause is due to weak demand for the Learjet 85 aircraft and follows a downward revision of Bombardier's business aircraft market forecast. This reflects the continued weakness of the Light aircraft category since the economic downturn. As a result, the company will record a pre-tax special charge in Q4 of approximately $1.4B mainly related to the impairment of the Learjet 85 development costs. Additionally, Bombardier will reduce its workforce by approximately 1,000 employees at its sites in Queretaro, Mexico, and Wichita, United States. A severance provision of approximately $25M will be recorded as a special item during 1Q15.
07:20 EDTERJEmbraer upgraded to Neutral from Underperform at Credit Suisse
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January 14, 2015
14:20 EDTDALDelta planning daily service between Los Angeles and Shanghai pending approval
Delta Air Lines plans to begin daily nonstop service between Los Angeles International Airport and Shanghai-Pudong Airport on July 9, 2015, pending U.S. Department of Transportation and foreign government approval. The Los Angeles market makes up 25% of all U.S.-Asia demand, and the start of Shanghai service marks Delta's fourth daily nonstop flight to the Asia-Pacific region in addition to Tokyo-Narita, Tokyo-Haneda and Sydney.
13:49 EDTDALDelta Air Lines January weekly volatility elevated into Q4
Delta Air Lines January weekly call option implied volatility is at 49, February is at 43, March is at 45; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 in January 20.
05:33 EDTERJEmbraer sees negative free cash flow of approximately $400M in 2014
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January 13, 2015
16:59 EDTERJEmbraer delivers 30 commercial and 52 executive jets in Q4
Embraer S.A. delivered 30 commercial and 52 business jets, 38 light and 14 large jets, during Q4, thus closing out the year with 92 airplanes delivered to the commercial airline market and 116 to the executive aviation market, that is, 92 light and 24 large jets. On December 31, the firm order backlog stood at $20.9B.
11:02 EDTDALDelta unveils next phase of Terminal 4 expansion at JFK airport
Delta Air Lines, the Port Authority of New York and New Jersey, and JFK International Air Terminal unveiled the next phase of a Terminal 4 expansion at John F. Kennedy International Airport. The $175M project adds 11 gates and 75,000 square feet to Terminal 4's Concourse B and continues Delta's $1.2B investment to enhance and expand the terminal. Delta will be relocating a majority of its Delta Connection flights at JFK from Terminal 2 to the expanded Concourse B in Terminal 4.
10:27 EDTZNGAStocks with call strike movement; RIG NBR
Transocean (RIG) May 19 call option implied volatility decreased 3% to 72, Nabors Industries (NBR) June 13 call option implied volatility increased 2% to 69 according to IVolatility.
06:18 EDTZNGASilicon Valley shuttle drivers looking to unionize, USA Today reports
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January 12, 2015
10:30 EDTZNGAStocks with call strike movement; RIG ZNGA
Transocean (RIG) May 17 call option implied volatility increased 10% to 79, Zynga (ZNGA) June 3 call option implied volatility increased 4% to 64 according to IVolatility.
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