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Stock Market & Financial Investment News

News Breaks
March 28, 2012
12:12 EDTXOM, SNX, TYC, PNR, BMY, AMLN, BNNY, CVX, RDS.A, ALIMOn The Fly: Mid-Day Wrap
Stocks on Wall Street are lower at mid-day, after a report on durable goods orders in February fell short of expectations. After a meandering start to the session the averages have found their direction and it is lower. Each of the major equity indices is firmly in negative territory and at session lows. The market began the session mixed and seemed unaffected by the generally in-line durable goods orders report. The market also ignored the weekly DOE energy inventory reports until the averages broke out of their tight range and moved to the downside, gaining negative momentum as the day progresses... ECONOMIC EVENTS: In the U.S., durable goods orders for February rose 2.2%, versus expectations for a 3.0% increase. The core reading, which excludes transportation items, increased 1.6%, versus the expected increase of 1.7%... MARKET NEWS: Exxon Mobil (XOM), Shell (RDS.A), BP (BP), and Chevron (CVX) all declined as oil prices dropped following statements from France's energy minister about a possible joint oil reserve release coordinated between France, the U.S. and the U.K... Organic pasta maker Annie's (BNNY) soared after the company's initial public offering, which priced above its expected range at $19. The stock is up almost 72% to $32.63 near noon... MAJOR MOVERS: Among the notable gainers were Amylin (AMLN), after Bloomberg reported that the company rejected a $22 per share takeover offer from Bristol-Myers (BMY) earlier this year, and Pentair (PNR), after the company agreed to merge with Tyco's (TYC) Flow Control business to create a combined company that sees pro forma 2012 revenues of $7.7B. Noteworthy losers included SYNNEX (SNX), following a downgrade at Citigroup on the company's disappointing guidance for Q2, and Alimera (ALIM), after the company said last night that based on recent discussions with European regulatory authorities it thinks it will take longer than originally anticipated to obtain marketing authorizations for it ILUVIEN drug... INDICES: Near noon, the Dow was down 83.97, or 0.64%, to 13,113.76; the Nasdaq was down 24.20, or 0.78%, to 3,096.15; and the S&P 500 was down 11.26, or 0.80%, to 1,401.26.
News For A;CVX;BNNY;AMLN;BMY;PNR;TYC;SNX;ALIM From The Last 14 Days
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September 23, 2014
06:04 EDTCVXChevron initiated with a Neutral at JPMorgan
Target $133.
September 22, 2014
09:08 EDTBNNYGeneral Mills commences tender offer for Annie's for $46 per share
General Mills (GIS) announced that its direct wholly owned subsidiary, Sandy Acquisition Corporation, has commenced its previously announced tender offer for all outstanding shares of common stock of Annie's (BNNY) at a price of $46.00 per share, net to the seller in cash, without interest and less required withholding taxes. The tender offer is being made in connection with the Agreement and Plan of Merger, dated as of September 8, 2014, by and among General Mills, Sandy Acquisition Corporation and Annie's, Inc., which General Mills and Annie's announced on September 8, 2014. The board of Annie's has unanimously determined that the offer is fair and advisable and in the best interests of Annie's and its stockholders, and recommends that the stockholders of Annie's accept the offer and tender their shares. The tender offer is scheduled to expire at the end of the day on October 20, 2014, unless extended.
07:21 EDTBMYEBD Group to hold a conference
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September 19, 2014
12:24 EDTCVXChevron looks to sell Hawaiian oil refinery, Bloomberg says
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September 18, 2014
07:43 EDTPNRPentair weakness creates buying opportunity, says Bernstein
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September 17, 2014
18:29 EDTAOn The Fly: After Hours Movers
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17:01 EDTAAgilent board approves separation of Keysight, declares special dividend
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16:57 EDTAAgilent creates new group for services, consumables
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16:55 EDTAAgilent announces Mike McMullen to succeed Bill Sullivan as CEO in March 2015
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16:02 EDTSNXSYNNEX enters three-year sponsorship with PGA Tour player Bill Haas
SYNNEX announced a three-year sponsorship agreement with PGA Tour standout Bill Haas. In addition to the SYNNEX logo appearing on Haas' apparel at PGA Tour events, SYNNEX continues as the presenting sponsor of the Bill Haas Charity Classic, Haas' annual Pro-Am tournament in Greenville that benefits local charitable organizations.
11:11 EDTBNNYGeneral Mills crumbles after earnings miss, downgrade
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10:00 EDTTYCOn The Fly: Analyst Initiation Summary
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08:30 EDTBNNYGeneral Mills sees Annie's deal closing in CY14
General Mills (GIS) says sees Annie's (BNNY) deal accretive in first 12 months after closing. Says on pace to achieve $4B of cumulative savings from 2010-2020. Sees $400M of cumulative savings in FY15. Says top priority for FY15 is accelerating net sales growth. Comments from slides that will be presented on the Q1 earnings conference call.
07:43 EDTBMYBofA/Merrill to hold a conference
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September 16, 2014
16:33 EDTTYCTyco initiated with a Hold at Stifel
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13:40 EDTCVXChevron alternative fuel research unsuccessful, Bloomberg says
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10:47 EDTCVXBadri sees OPEC lowering oil output target at next meeting, Reuters says
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09:59 EDTSNXOn The Fly: Analyst Upgrade Summary
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06:20 EDTSNXSYNNEX upgraded to Buy from Hold at Stifel
Stifel upgraded SYNNEX to Buy based on valuation. Price target is $71.
06:00 EDTBMYBristol-Myers announces Health Canada approval of Yervoy
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