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Stock Market & Financial Investment News

News Breaks
August 22, 2014
10:01 EDTWUBA, VYFC, PERY, PCG, LPT, DE, DCT, CYBX, COG, AMPE, AGCO, ZURVYOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 58.com (WUBA) downgraded to Underweight from Equal Weight at Morgan Stanley... AGCO (AGCO) downgraded to Underperform from Neutral at Macquarie... Ampio (AMPE) downgraded to Hold from Buy at Jefferies... Cabot Oil & Gas (COG) downgraded to Hold from Buy at Deutsche Bank... Cyberonics (CYBX) downgraded at Canaccord... DCT Industrial (DCT) downgraded to Market Perform from Outperform at BMO Capital... Deere (DE) downgraded to Underperform from Neutral at Macquarie... Liberty Property (LPT) downgraded at BMO Capital... PG&E (PCG) downgraded to Hold from Buy at Argus... Perry Ellis (PERY) downgraded at KeyBanc... Valley Financial (VYFC) downgraded to Neutral from Buy at Compass Point... Zurich Insurance (ZURVY) downgraded to Neutral from Overweight at JPMorgan.
News For WUBA;AGCO;AMPE;COG;CYBX;DCT;DE;LPT;PCG;PERY;VYFC;ZURVY From The Last 14 Days
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September 15, 2014
07:42 EDTAGCOMorgan Stanley to hold a conference
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September 12, 2014
10:00 EDTPERYOn The Fly: Analyst Initiation Summary
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06:32 EDTPERYPerry Ellis initiated with a Buy at Wunderlich
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September 11, 2014
16:14 EDTDCTDCT Industrial acquires two buildings, 6.9 acre land parcel in Chicago
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14:10 EDTAGCO, DESupply trends continue to be negative for ag equipment demand, says Wells Fargo
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September 10, 2014
15:44 EDTDEDeere reports U.S./Canada utility tractor sales up more than 9% in August
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September 9, 2014
09:06 EDTPERYPerry Ellis enters license agreement with Cellairis
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08:32 EDTLPTLiberty Property announces retirement of COO Robert Fenza
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September 8, 2014
05:50 EDTDEStocks with implied volatility movement; DE WAG
Stocks with implied volatility movement; Deere (DE) 15, Walgreen (WAG) 30 according to iVolatility.
September 3, 2014
18:29 EDTPCGPG&E plans to appeal $1.4B fine by CPUC
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12:45 EDTAMPEAmpio knee drug 'no better than saline,' says TheStreet's Feuerstein
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06:16 EDTPCGPG&E overhang removed with ALJ decision, says Citigroup
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05:13 EDTPCGPG&E announces CPUC ALJ recommends $2B penalty for San Bruno explosion
Pacific Gas and Electric said that a penalty being considered by the California Public Utilities Commission, or CPUC, in connection with the 2010 explosion of a natural gas transmission pipeline in San Bruno should be reasonable and take into account precedent and the investments the company has made to promote safety. The CPUC's administrative law judges, or ALJs, released a recommended penalty resulting from the investigations. While the CPUC characterized the penalty as totaling approximately $2B, PG&E believes that the total shareholder impact could reach approximately $4.75B, including the previous $2.7B in estimated costs that shareholders have incurred or are forecast to incur, to improve and enhance the safety of PG&E's natural gas operations. The ultimate amount of costs will depend on the scope and timing of work and other factors, many of which are described in PG&E Corporation's and PG&E's recent SEC reports. It's likely that the CPUC could take a minimum of 45 days to reach a final decision.
September 2, 2014
15:14 EDTPCGPG&E levied $1.4B safety fine by CPUC
The California Public Utilities Commission issued four decisions by two Administrative Law Judges in connection with its investigations of Pacific Gas and Electric Company’s operations and practices related to gas transmission, including the pipeline rupture in San Bruno, Calif., in 2010, penalizing PG&E $1.4B, which the commission said was the largest safety related penalty ever levied by the CPUC. The penalty consists of $950M to be paid to California’s General Fund, $400M in pipeline improvements that cannot be recovered from customers, called a disallowance, and approximately $50M to be used to implement more than 75 remedies to enhance pipeline safety. The $1.4B penalty, when combined with the amount that the CPUC previously ruled must come from shareholders for expenditures to improve the safe operation of natural gas pipelines, exceeds $2B. WHAT'S NOTABLE: The Fly notes that in a note upgrading PG&E Corporation to Outperform on August 1, Credit Suisse said resolution of the ALJ decision on San Bruno will clear a 4 year regulatory overhang, adding that the firm sees a "potential $2.25B penalty as excessive in any historical context." PRICE ACTION: Shares of PG&E are up 1.1% to $47.01 in afternoon trading.
14:39 EDTPCGCPUC levies $1.4B safety penalty against PG&E, Bloomberg reports
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10:02 EDTCOGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Cabot Oil & Gas (COG) upgraded at Stifel... Century Aluminum (CENX) upgraded to Overweight from Equal Weight at Morgan Stanley... Groupon (GRPN) upgraded at RBC Capital... Hawaiian Electric (HE) upgraded to Neutral from Cautious at ISI Group... Life Time Fitness (LTM) upgraded to Overweight from Neutral at Piper Jaffray... Live Nation (LYV) upgraded to Buy from Neutral at Northcoast... Northrop Grumman (NOC) upgraded at RBC Capital... Panasonic (PCRFY) upgraded to Buy from Sell at CLSA... Progressive (PGR) upgraded at Goldman... RCS Capital (RCAP) upgraded to Buy from Neutral at Citigroup... SandRidge Energy (SD) upgraded at Stifel... Staples (SPLS) upgraded to Outperform from Neutral at Credit Suisse... Statoil (STO) upgraded to Buy from Hold at Deutsche Bank... Tenaris (TS) upgraded to Neutral from Sell at UBS... Tesla (TSLA) upgraded at Stifel... Ultratech (UTEK) upgraded to Outperform from Market Perform at Barrington... Volkswagen (VLKAY) upgraded to Outperform from Neutral at Exane BNP Paribas... Waddell & Reed (WDR) upgraded to Buy from Hold at Jefferies... Willis Group (WSH) upgraded to Outperform from Market Perform at Keefe Bruyette... zulily (ZU) upgraded to Buy from Fair Value at CRT Capital.
09:03 EDTCYBXCyberonics announces positive results from ANTHEM-HF clinical study
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08:26 EDTCOGCabot Oil & Gas upgraded at Stifel
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08:03 EDTAMPEAmpio provided update of Phase III multicenter study of Ampion
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06:07 EDTCOGCabot Oil & Gas upgraded to Buy from Hold at Stifel
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