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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:46 EDTBEAM, AAPL, BA, TYC, YHOO, MDLZ, CHL, FB, TMUS, DTEGY, TGT, IBM, SOn the Fly: Periodicals Wrap
WSJ: Yahoo's (YHOO) pitch to Madison Avenue falls short...Sprint (S) gets bank proposals on financing T-Mobile (TMUS) bid...Tyco (TYC) has shortlist of private equity firms for Caps unit...REUTERS: IBM (IBM) expanding cloud services worldwide... Facebook (FB) increases bid for Hollywood, media relationships...BLOOMBERG: Norwegian Air blames Boeing (BA) for 787 short-circuit...OTHER NEWS: Report says Target (TGT) breach could be part of broader scam, AP reports...Response to China Mobile (CHL) iPhone (AAPL) launch 'muted,' NY Times reports...Deutsche Telekom (DTEGY) denied itís rushing to unload T-Mobile (TMUS) onto Sprint (S), BGR reports...Mondelez (MDLZ) proxy fight weighed by Peltz, NY Post reports...Most analysts see competing bid for Beam (BEAM) unlikely, FT reports.
News For YHOO;S;TMUS;TYC;IBM;FB;BA;TGT;CHL;AAPL;DTEGY;MDLZ;BEAM From The Last 14 Days
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January 25, 2016
09:31 EDTTYCTyco, Johnson Controls merger 'highly complimentary'
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09:04 EDTTMUS, SSprint doubles number of LTE Plus markets
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09:03 EDTTYCOn The Fly: Pre-market Movers
HIGHER: Tyco (TYC) and Johnson Controls (JCI), up 9% and 1%, respectively, after announcing a definitive merger agreement. Johnson Controls shareholders will own approximately 56% of the equity of the combined company, while current Tyco shareholders will own approximately 44%... SunEdison (SUNE), up 10% after the Wall Street Journal reported that the company is set to give David Einhorn's Greenlight Capital a seat on its board... Affimed Therapeutics (AFMD), up 26% after entering a clinical research collaboration in immuno-oncology with Merck (MRK). UP AFTER EARNINGS: McDonald's (MCD), up 3%... LOWER: Twitter (TWTR), down 5% after its CEO Jack Dorsey confirmed in a tweet last night that several executives are departing the company. Media reports also indicate that, as part of its shake-up, Twitter intends to bring in two new members to its board as soon as this week... OncoMed (OMED), down 38% after an independent data safety monitoring board remarked on several findings regarding futility of the company's Phase 2 ALPINE clinical trial... Medivation (MDVN), down 7% after FDA places investigational new drug application for MDV9300 on partial clinical hold... International Paper (IP), down 4.8%, Packaging Corp. (PKG), down 4.8%, WestRock (WRK), down 6%, after Pulp & Paper Week reduced January kraftliner and corrugated medium prices... Caterpillar (CAT), down 4% after Goldman cuts rating to sell... Regeneron (REGN), down 3% after downgraded at Chardan to sell. DOWN AFTER EARNINGS: Kimberly-Clark (KMB), down 2.5%.
08:21 EDTYHOOYahoo upgraded to Buy from Hold at Pivotal Research
08:11 EDTIBMWestern Digital acquires over a hundred patents from IBM
Western Digital (WDC) announced that it has acquired more than 100 patent assets from IBM (IBM). The parties also entered into a patent cross-license agreement. Terms of the transaction were not disclosed. Patents acquired by Western Digital are in distributed storage, object storage, and emerging non-volatile memory. Western Digital expects the IP to further strengthen its technology leadership position and drive value creation for the company and its customers. The patents will augment Western Digital's existing portfolio of more than 10,000 patents and patent applications.
07:50 EDTTYCJohnson Controls and Tyco host conference call
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07:40 EDTFBFBR sees constructive setup into Facebook earnings report
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07:32 EDTS, IBMTMC to hold a conference
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07:08 EDTTYCTyco sees Q1 EPS ex-items 42c vs. previous 40c view
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07:08 EDTTYCJohnson Controls-Tyco company to have 11 directors
Following closing of the transaction, the board of the combined company is expected to have 11 directors, consisting of six directors from Johnson Controls and five directors from Tyco. Alex Molinaroli will be the Chairman and CEO of the combined company. George Oliver will serve as President and COO and serve as a director on the new board, with responsibility for the operating businesses and leading the integration. Molinaroli will serve as Chairman and CEO for a term of 18 months after the closing. At that time, Oliver will become CEO and Molinaroli will become executive chair for one year, after which Oliver will become chairman and CEO.
07:06 EDTTYCTyco to effect a reverse stock split prior to merger
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07:06 EDTAAPLApple volatility elevated into Q1 and outlook
Apple 1/29/16 call option implied volatility is at 57, February is at 38; compared to its 52-week range of 18 to 55, suggesting large near term price movement into the expected release of Q1 results on January 26.
07:06 EDTTYCJohnson Controls-Tyco company to deliver at least $500M in synergies
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07:04 EDTTYCJohnson Controls and Tyco enter into definitive merger agreement
Johnson Controls (JCI) and Tyco (TYC) announced that they have entered into a definitive merger agreement under which Johnson Controls will combine with Tyco to create the leader in building products and technology, integrated solutions and energy storage. Under the terms of the agreement, which has been unanimously approved by both companies' boards, Johnson Controls shareholders will own approximately 56% of the equity of the combined company and receive aggregate cash consideration of approximately $3.9B. Current Tyco shareholders will own approximately 44% of the equity of the combined company. Under the terms of the proposed transaction, the businesses of Johnson Controls and Tyco will be combined under Tyco International plc, which will be renamed "Johnson Controls plc." The companies expect that shares of the combined company will be listed on the New York Stock Exchange and trade under the "JCI" ticker. Upon the closing of the transaction, the combined company is expected to maintain Tyco's Irish legal domicile and global headquarters in Cork, Ireland. The primary operational headquarters in North America for the combined company will be in Milwaukee, where Johnson Controls has been based. Pro forma for the transaction and separation of Adient, Johnson Controls is expected to have approximately $32 billion of revenue in fiscal year 2016 and $4.5 billion of EBITDA before synergies. Adient is expected to have approximately $16.6 billion of revenue in fiscal year 2016 and $1.6 billion of EBITDA. In addition, Adient is expected to distribute between $2.5 to $3.5 billion to Johnson Controls in conjunction with the spin-off.
07:02 EDTTYCJohnson Controls and Tyco enter into definitive merger agreement
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06:52 EDTTYCOther bidders could emerge for Tyco, says JPMorgan
After the Wall Street Journal reported that Johnson Controls (JCI) is in advanced talks to acquire with Tyco (TYC), JPMorgan analyst Stephen Tusa says other bidders could emerge. United Technologies (UTX) may have interest in Tyco and could likely extract more value than Johnson from the lower tax rate, Tusa tells investors in a research note. The analyst has an Overweight rating on Tyco with a $42 price target. The stock closed Friday up 61c to $30.60.
06:44 EDTAAPLApple to release new iPhone, iPad Air 3 in 1H16, AppleInsider says
Apple is planning to launch a 4-inch iPhone as well as the iPad Air 3 in the first half of the year, AppleInsider reports, citing KGI analyst Ming-Chi Kuo. Reference Link
06:10 EDTTYCJohnson Controls volatility flat into report in merger talks to acquire Tyco
Johnson Controls (JCI) February call option implied volatility is at 36, March is at 32; compared to its 52-week average of 18 to 49, suggesting non-directional price movement into the WSJ reporting its in advanced talks to acquire Tyco International (TYC) for as much as $20B.
05:51 EDTFB, TYC, AAPLOptions expected to be active: TYC JCI TWTR SUNE AAPL PG HAL AMZN FB
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05:19 EDTSStocks with implied volatility movement; SWN SCTY
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