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Stock Market & Financial Investment News

News Breaks
March 12, 2014
07:22 EDTTSYS, KFX, SIMG, USAT, NOG, OTIV, TQNT, WWWW, MEET, CARBNorthland Securities to hold a conference
Growth Conference is being held in New York on March 12.
News For WWWW;USAT;TSYS;TQNT;SIMG;CARB;OTIV;KFX;MEET;NOG From The Last 14 Days
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March 26, 2015
08:03 EDTTSYSTeleCommunication Systems' VirtuMedix platform selected by two providers
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05:46 EDTKFXKofax downgraded to Neutral from Buy at B. Riley
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05:21 EDTOTIVOn Track Innovations reports Q4 EPS (8c), one estimate (8c)
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March 25, 2015
16:21 EDTKFXOn The Fly: Closing Wrap
Stocks opened in quiet fashion and trading remained that way throughout most of the morning. The averages broke to the downside a bit before noon and once the sellers gained control the move became broad based. Each of the major equity averages dropped by about 1.5% or more, with the Nasdaq losing more than 2% of its value during the session. ECONOMIC EVENTS: In the U.S., durable goods orders dropped 1.4% in February, falling well below the consensus call for a 0.2% rise for the month. Transportation orders fell 3.5%, with orders excluding transportation down 0.4% against expectations of a 0.2% positive movement. In Europe, Germany's Ifo institute business climate index rose to 107.9 from 106.8 in March, topping expectations. COMPANY NEWS: Kraft Foods (KRFT) surged $21.84, or 35.62%, to $83.17 after announcing it has entered a definitive merger agreement with H.J. Heinz to create the Kraft Heinz Company. Under the terms of the deal, Heinz-owners Berkshire Hathaway (BRK.A) and 3G Capital will fund a special $10B cash dividend of $16.50 per share for Kraft shareholders. The new company, which will be publicly traded and 49% owned by current Kraft shareholders 51% owned by current Heinz shareholders, will become the third-largest food and beverage company in North America and fifth largest food and beverage company in the world. MAJOR MOVERS: Among the notable gainers was Kofax (KFX), which jumped $3.45, or 46%, to $10.95 after agreeing be acquired by Lexmark (LXK) for $11.00 per share in cash for a total enterprise value of approximately $1B, net of cash acquired. Lexmark, which stated the deal will "nearly double" its enterprise software business to roughly $700M, also gained $2.48, or 6.08%, to $43.27. Among the noteworthy losers was Apollo Education Group (APOL), which fell $7.95, or 28.4%, to $20.04 after reporting Q2 earnings and University of Phoenix enrollment information. Also lower were shares of Nationstar Mortgage (NSM), which declined $5.15, or 16.54%, to $25.99 after its 17.5M share spot secondary offering of stock priced at $28.95 per share. INDEXES: The Dow declined 292.60, or 1.62%, to 17,718.54, the Nasdaq fell 118.21, or 2.37%, to 4,876.52, and the S&P 500 dropped 30.45, or 1.46%, to 2,061.05.
14:05 EDTOTIVOn Track Innovations jumps following ruling in suit with T-Mobile
A judge in the Southern District of New York granted On Track Innovations (OTIV) motion for summary judgment of infringement in a patent lawsuit between the company and T-Moblie. according to a court filing. Shares of On Track jumped 26% to $1.63 in afternoon trading.
13:08 EDTKFXLexmark acquisition could put floor in shares, says Brean Capital
Brean Capital believes Lexmark's (LXK) acquisition of Kofax (KFX) could put a floor in the stock. It estimates the deal could add at least $1.20 to normalized earnings per share. Brean keeps a Hold rating on Lexmark.
12:52 EDTKFXOn The Fly: Midday Wrap
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10:00 EDTKFXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AB InBev (BUD) downgraded to Reduce from Overweight at HSBC... BreitBurn Energy (BBEP) downgraded to Sell from Neutral at UBS... DiamondRock (DRH) downgraded to Reduce from Neutral at SunTrust... Ethan Allen (ETH) downgraded to Hold from Buy at Gabelli... Felcor Lodging (FCH) downgraded to Neutral from Buy at SunTrust... Finish Line (FINL) downgraded to Neutral from Buy at B. Riley... Hannover Re (HVRRY) downgraded to Sell from Hold at Deutsche Bank... Hersha Hospitality (HT) downgraded to Reduce from Neutral at SunTrust... Host Hotels (HST) downgraded to Reduce from Neutral at SunTrust... ING Groep (ING) downgraded to Neutral from Buy at Goldman... Informatica (INFA) downgraded to Neutral from Buy at Mizuho... Kofax (KFX) downgraded to Hold from Buy at Canaccord... LRR Energy (LRE) downgraded to Sell from Neutral at UBS... LaSalle Hotel (LHO) downgraded to Reduce from Neutral at SunTrust... Munich Re (MURGY) downgraded to Sell from Hold at Deutsche Bank... Orbital ATK (OA) downgraded to Market Perform from Outperform at Wells Fargo... PCTEL, Inc. (PCTI) downgraded to Neutral from Buy at B. Riley... Quest Diagnostics (DGX) downgraded to Hold from Buy at Deutsche Bank... SJW Corp. (SJW) downgraded to Neutral from Outperform at RW Baird... Selective Insurance (SIGI) downgraded to Neutral from Buy at BofA/Merrill... Sonus (SONS) downgraded to Hold from Buy at Wunderlich... Starwood (HOT) downgraded to Neutral from Buy at SunTrust... Synchrony Financial (SYF) downgraded to Neutral from Buy at BofA/Merrill... Tesla (TSLA) downgraded to Underperform from Outperform at CLSA... Twitter (TWTR) downgraded to Hold from Buy at Pivotal Research... ZAGG (ZAGG) downgraded to Market Perform from Outperform at Northland... iDreamSky (DSKY) downgraded to Neutral from Overweight at JPMorgan.
09:24 EDTKFXOn The Fly: Pre-market Movers
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07:08 EDTKFXKofax downgraded to Market Perform from Outperform at Northland
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06:20 EDTKFXKofax downgraded to Hold from Buy at Canaccord
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March 24, 2015
19:40 EDTKFXOn The Fly: After Hours Movers
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19:30 EDTKFXKofax, Lexmark shares both up after Lexmark agrees to acquire Kofax
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17:37 EDTKFXKofax shares up 45% after being acquired by Lexmark
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16:37 EDTKFXLexmark to acquire Kofax for $11 per share in cash
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16:32 EDTKFXLexmark to acquire Kofax for $11 per share in cash
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March 23, 2015
07:16 EDTNOGHoward Weil to hold a conference
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March 19, 2015
08:45 EDTTSYSHouse Permanent Select Committee on Intelligence to hold a hearing
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March 18, 2015
07:29 EDTKFXNorthland Capital Markets to hold a conference
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March 17, 2015
11:05 EDTUSATUSA Technologies management to meet with Craig Hallum
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