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Stock Market & Financial Investment News

News Breaks
July 15, 2014
04:55 EDTWWD, WWD, TGI, TGI, BAESY, BAESY, COL, COL, ATI, ATI, RTI, RTI, ERJ, ERJ, ESL, ESL, PCP, PCP, WAIR, WAIR, BDRBF, BDRBFCredit Suisse events at Farnborough Air Show
Credit Suisse to hold meetings at the Farnborough Air Show in Farnborough, England on July 13-16.
News For WWD;WAIR;PCP;ESL;ERJ;RTI;ATI;COL;BAESY;TGI;BDRBF From The Last 14 Days
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April 13, 2015
10:01 EDTBAESYBAE Systems receives $53M U.S. Navy contract
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April 12, 2015
14:44 EDTBDRBFBombardier mulls sale of rail division, Reuters says
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April 10, 2015
06:22 EDTBAESYDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
16:12 EDTESLEsterline management to meet with Sidoti
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13:09 EDTRTIOn The Fly: Midday Wrap
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12:01 EDTATI, RTIMetal stocks lower after Alcoa reports Q1 results
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05:41 EDTTGITriumph Group removed from Priority Stock List at Wells Fargo
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April 8, 2015
13:32 EDTTGITriumph Group reiterted as an Underperform at BofA/Merrill
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11:17 EDTTGITriumph Group added to short-term buy list at Deutsche Bank
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09:45 EDTRTIEarnings Watch: Alcoa sentiment mixed ahead of Q1 results
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08:53 EDTTGITriumph Group CEO change could be positive for shares, says Wells Fargo
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08:08 EDTTGITriumph Group says Jeffry Firsby steps down as president and CEO
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April 7, 2015
17:37 EDTCOLRockwell Collins awarded $495M government contract
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16:18 EDTWWDOn The Fly: Closing Wrap
Stocks on Wall Street opened in positive territory, extending their gains from yesterday. The economic calendar was relatively quiet and the volume was light as investors moved to the sidelines ahead of the start of the first quarter earnings season, which kicks off tomorrow after the close with Alcoa's (AA) report. A late day slide saw the major averages give up their gains, leaving the Dow, Nasdaq and S&P 500 a bit below where they had started the day. ECONOMIC EVENTS: In the U.S., the JOLTs report showed job openings rose 168K to 5.13M in February, topping the consensus forecast for about 5M opening. Consumer credit climbed $15.5B in February, versus the expectation for consumers to have added $12.5B in new credit. In Europe, Markit's composite PMI for the eurozone came in at 54.0, which was down slightly from the flash reading of 54.1 but up from 53.3 in February and matched the prior peak seen in April of last year. Elsewhere globally, the central banks of Australia and India left their respective key interest rates unchanged, as expected. COMPANY NEWS: Shares of FedEx (FDX) advanced $4.49, or 2.69%, to $171.16 after the shipper announced a conditional deal to acquire TNT Express (TNTEY) for EUR 8.00 per share in a transaction valuing the Netherlands-based express delivery company at an implied equity value of about $4.8B. The company hopes it is more successful in its acquisition attempt than rival UPS (UPS), which had agreed a number of years ago to buy TNT for EUR 9.50 per share. UPS pulled out of its planned purchase after its proposed deal for TNT was blocked by regulators. MAJOR MOVERS: Among the notable gainers was Axalta Coating Systems (AXTA), which gained $2.78, or 9.81%, to $31.11 after an affiliate of Warren Buffett's Berkshire Hathaway (BRK.A) agreed to buy 20M of Axalta’s common shares for an aggregate purchase price of $560M, or $28.00 per share, from The Carlyle Group (CG). Also higher was Informatica (INFA), which advanced $1.96, or 4.28%, to $47.79 after agreeing to be acquired by the Permira funds and Canada Pension Plan Investment Board for approximately $5.3B, or $48.75 in cash per share. The official announcement follows recent stories from Reuters that the company was working on a deal with a private equity buyer. Among the noteworthy losers was Ocular Therapeutix (OCUL), which dropped $7.25, or 18.93%, to $31.05 after reporting that the company’s second of two Phase 3 clinical trials evaluating the safety and efficacy of its lead product candidate, OTX-DP, met only one of the study’s two primary efficacy endpoints. Also lower were shares of Woodward (WWD), which fell $3.06, or 5.95%, to $48.36 after Jefferies downgraded the stock to Hold from Buy and set a $52 price target on the shares, saying FY15 is another transition year for the company. INDEXES: The Dow slipped 5.43, or 0.03%, to 17,875.42, the Nasdaq lost 7.08, or 0.14%, to 4,910.23, and the S&P 500 declined 4.29, or 0.21%, to 2,076.33.
12:13 EDTWWDWoodward weakness a buying opportunity, says Stifel
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10:05 EDTWWDOn The Fly: Analyst Downgrade Summary
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07:09 EDTWAIRKLX Inc. Wesco Aircraft have opportunity to merge, says RBC Capital
RBC Capital believes that the margins of KLX 9KLXI) and Wesco (WAIR) are under pressure, and the firm believes that a merger of the two companies should make their prices more stable, and create a more diversified company. The firm says it doesn't know if the merger will occur, but that the deal looks good on paper.
05:46 EDTWWDWoodward downgraded to Hold from Buy at Jefferies
Jefferies downgraded Woodward to Hold with a $52 price target saying FY15 is another transition year for the company.
April 6, 2015
17:29 EDTERJEmbraer in negotiations with 10 countries for KC-390 plane, The Nikkei says
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16:10 EDTWAIRWesco Aircraft appoints David Castagnola as CEO
Wesco Aircraft (WAIR) announced that its board has appointed David Castagnola as president and CEO, effective May 4. Castagnola will succeed Hal Weinstein, who has served as interim CEO since December 2014 and who will retire after a transition period. Castagnola also was appointed to the board as a Class I director, with an initial term expiring at the 2018 Annual Meeting of Stockholders. Castagnola is currently president, Landing Systems at UTC Aerospace Systems, a division of United Technologies (UTX).
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