|
|
News Breaks | | | | July 29, 2012 | | 10:36 EDT |  | UPS, YHOO, LMCA, RBS | Hedgie Peter Schoenfeld says Yahoo! holds appeal., Barron's reports
Hedge-fund Peter Schoenfeld Asset Management oversees roughly $2B in assets. Its $1.4B PSAM WorldArb fund seeks to exploit pricing anomalies in securities of firms involved in corporate, tax, or regulatory events -- such as takeovers, bankruptcies, liquidations, and spinoffs. Some names that hold appeal according to Schoenfeld are: Royal Bank of Scotland Group (RBS), Liberty Media (LMCA), United Parcel (UPS) and Yahoo! (YHOO). Schoenfeld says he's extremely happy with the new board, and thinks Yahoo!'s new CEO Marissa Mayer will try to monetize some of their investments. "If executed properly the stock should be trading in the low to mid 20s," up from $15.95 last week. Reference Link | |
|
News For YHOO;RBS;LMCA;UPS From The Last 14 Days Check below for free stories on YHOO;RBS;LMCA;UPS the last two weeks. |
|
|
| June 17, 2013 | | 10:32 EDT |  | UPS | UPS management to meet with BB&T
 Subscribe for More Information | | | 09:48 EDT |  | LMCA | Time Warner Cable CEO rebuffed Charter deal, says Deutsche Bank
Deutsche Bank believes Time Warner Cable (TWC) CEO Glenn Britt has rebuffed Liberty Media (LMCA) CEO Greg Maffei's attempts to create a merger of equals among Charter (CHTR) and Time Warner Cable. Deutsche believes a potential deal between Time Warner Cable and Charter is tabled for the moment since Liberty Media Chairman Dr. Malone indicated last week that he was not interested in hostile takeovers. | | | 09:15 EDT | | YHOO | Yahoo unlikely to reach search deal with Google, says Bernstein
Bernstein believes that Google (GOOG) will not make a deal on search with Yahoo (YHOO), as the risk/reward ratio of such a deal would not be favorable to Google. The firm expects Yahoo's stock to rise over the next few months but it keeps a Market Perform rating on the shares. | | | June 16, 2013 | | 19:59 EDT | | LMCA | Liberty Media and Time Warner Cable CEOs met, WSJ says
In the latest sign that Liberty Media (LMCA) may be interested in sparking consolidation in the cable sector, Liberty Media CEO Greg Maffei is said to have recently met with Time Warner Cable (TWC) CEO Glenn Britt to discuss the benefits of mergers in the cable industry, says the Wall Street Journal, citing people familiar with the matter. Reference Link | | | June 14, 2013 | | 16:34 EDT |  | LMCA | On The Fly: Closing Wrap
Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56. | | | 14:26 EDT | | LMCA | Charter looking for acquisitions, overture made to Time Warner, CNBC says
Subscribe for More Information | | | 10:10 EDT |  | RBS | On The Fly: Analyst Initiation Summary
Subscribe for More Information | | | 08:52 EDT | | LMCA | Liberty Media management to meet with Deutsche Bank
Meeting to be held in London on June 14 hosted by Deutsche Bank. | | | 05:39 EDT | | RBS | Royal Bank of Scotland initiated with a Buy at Jefferies
| | | June 13, 2013 | | 15:29 EDT | | RBS | PM says return on RBS bailout more important than timing, Bloomberg reports
Subscribe for More Information | | | | 10:05 EDT |  | RBS | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AngloGold (AU) downgraded to Sell from Hold at Societe Generale... Banco Santander (SAN) downgraded to Underweight from Neutral at JPMorgan... Cosi (COSI) downgraded to Neutral from Buy at Roth Capital... Randgold Resources (GOLD) downgraded to Hold from Buy at Societe Generale... Republic Services (RSG) downgraded to Buy from Conviction Buy at Goldman... Royal Bank of Scotland (RBS) downgraded to Sell from Hold at Deutsche Bank... Safeway (SWY) downgraded to Neutral from Buy at Citigroup... Smithfield Foods (SFD) downgraded to Neutral from Buy at Davenport... Vantage Drilling (VTG) downgraded to Market Perform from Outperform at Wells Fargo... Waste Management (WM) downgraded to Neutral from Buy at Goldman... Lexington Realty (LXP) downgraded to Underweight from Hold at KeyBanc... EPR Properties (EPR) downgraded to Underweight from Hold at KeyBancMedical Properties Trust (MPW) downgraded to Underweight from Hold at KeyBanc... Ventas (VTR) downgraded to Underweight from Hold at KeyBanc... Health Care REIT (HCN) downgraded to Hold from Buy at KeyBanc... StellarOne (STEL) downgraded to Market Perform from Strong Buy at Raymond James... Polypore (PPO) downgraded to Hold from Buy at Topeka. | | | 09:41 EDT |  | YHOO | Yahoo acquires small business conference call service Rondee
Subscribe for More Information | | | 08:47 EDT | | LMCA | Liberty Media management to meet with Deutsche Bank
Subscribe for More Information | | | 08:13 EDT | | RBS | RBS will have difficulty filling CEO position after Hester ouster, Reuters says
The Royal Bank of Scotland now faces a difficult task in replacing the ousted CEO Stephen Hester from what's a small group of potential candidates to lead the bank through privatization, reports Reuters. RBS needs an experienced banker untainted by the industry's scandals who is also used to dealing with its biggest shareholder, the government, as well as lawmakers and regulators. Reference Link | | | 07:01 EDT |  | RBS | Royal Bank of Scotland volatility at nine-month high into job reductions
Subscribe for More Information | | | 06:29 EDT | | YHOO | Yahoo acquires GhostBird Software
Subscribe for More Information | | | 06:03 EDT | | UPS | FedEx to fight U.S. in online pharmacy investigation, Bloomberg reports
FedEx Corp. (FDX) said it will fight any charges that may result from a federal investigation into drug shipments by illegal online pharmacies, bucking both government investigators and rival United Parcel Service (UPS) which settled similar allegations, reports Bloomberg. Reference Link | | | 06:02 EDT | | RBS | Royal Bank of Scotland downgraded to Sell from Hold at Deutsche Bank
Subscribe for More Information | | | June 12, 2013 | | 14:14 EDT | | RBS | Royal Bank of Scotland to cut investment bank jobs, Sky News says
Subscribe for More Information | | | 12:18 EDT | | RBS | Royal Bank of Scotland CEO Hester to step down later this year
Subscribe for More Information | | |
|
|
|
|
|
|
