New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

Today's Free Fly Stories
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all day >>
16:20 EDTAET, HUM, CI, ANTM, AMZN, BABA, AXLL, WTW, OAS, BCEI, QIHU, CO, SOHUOn The Fly: Top stock stories for Monday
Subscribe for More Information
16:18 EDTLGCY, APC, WESLegacy Reserves announces $440M acquisition of assets in East Teaxas
Legacy Reserves (LGCY) announced it has entered into separate agreements with affiliates of Anadarko Petroleum (APC) and Western Gas Partners (WES) to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440M. These properties represent Legacy's entry into a new basin in East Texas and into meaningful gathering and processing operations supporting the natural gas properties. The closings of these transactions are expected to occur in the third quarter, and the purchase prices remain subject to customary adjustments. Legacy anticipates funding these transactions with borrowings under its revolver. Highlights of this acquisition are as follows: Estimated proved reserves of approximately 420 Bcfe of which 100% are natural gas, 95% are classified as proved developed producing, and 95% are operated. Estimated Q3 production of approximately 70 Mmcfe/d, yielding a proved reserves-to-production ratio of 16.4 years. Multi-year development plan centered on recompletions and workovers to further flatten production declines and extend the productive life of the fields Significant additional drilling inventory in a higher gas price environment. 567 miles of high-pressure pipeline and low-pressure gathering lines and a 502 Mmcfe/d processing plant with access to 5 major gas markets. Expected NTM cash flow of approximately $60M.
16:18 EDTAMDAMD lowers Q2 revenue view to down 8% vs. Q1
Subscribe for More Information
16:16 EDT$NYENYSE market internals summary
Subscribe for More Information
16:16 EDT$NSDNASDAQ market internals summary
Volume is heavy for this time of day. Breadth is bearish across the board. Advancing Issues: 1183 / Declining Issues: 1601 -- for a ratio of 0.7 to 1. Advancing Volume: 611,006,000 / Declining Volume: 1,085,119,000 -- for a ratio of 0.6 to 1. New 52-Week Highs: 42 / New 52-Week Lows: 140.
16:13 EDTBOXBox initiated with a Perform at Oppenheimer
Subscribe for More Information
16:10 EDTOPTTOcean Power reports Q4 EPS (19c), one estimate (21c)
Subscribe for More Information
16:09 EDTFRPTFreshpet promotes Morris from Chief Marketing Officer to COO
Freshpet announced the promotion of Scott Morris from Chief Marketing Officer to COO, effective immediately. Morris is a co-founder of Freshpet and served as SVP of sales and marketing from 2010 to 2013 and Chief Marketing Officer since January 2014.
16:09 EDTMSMMSC Industrial names Rustom Jilla as CFO
Subscribe for More Information
16:08 EDTSTONStoneMor Partners files to sell 2.1M common units for limted partners
Subscribe for More Information
16:07 EDTRLYPRelypsa initiated with a Buy at Cantor
Target $42.
16:07 EDTHURNHuron Consulting Group acquires Rittman Mead India
Subscribe for More Information
16:07 EDTCATMCardtronics acquires CDS for $80M, sees accretion to 2015, 2016 earnings
Subscribe for More Information
16:04 EDTCAPNCapnia buys out royalty rights to CoSense
Capnia announced that it has signed a definitive agreement to buy out CoSense royalty rights originally held by BioMedical Drug Development . Under terms of the agreement, all royalties on future sales of CoSense, and related payments, due to BDDI or its affiliates under the Capnia Purchase Agreement are eliminated, providing Capnia with 100% of the financial interest in the product. The original Asset Purchase Agreement for the technology signed by BDDI in 2010 required total cash payments of $350,000 and tiered royalties on sales of CoSense. In exchange for elimination of future cash payments of $200,000 and the tiered royalties, Capnia has agreed to make payments of a total of $450,000 over an eighteen month period and has issued 40,000 shares of Capnia Common stock.
16:03 EDTMIGMeadowbrook reports Missouri Department of Insurance approval of Fosun deal
Subscribe for More Information
16:03 EDTMTDR, PXDMatador appoints Robert Macalik as VP, Chief Accounting Officer
Subscribe for More Information
16:03 EDTTEARTearLab appoints Wes Brazell as CFO
TearLab announced the appointment of Wes Brazell as its CFO, with overall responsibility for operational finance, financial reporting, budgeting and strategic planning, as well as helping to manage the company's relationships and interactions with the investment community. Brazell succeeds William Dumencu, who will continue to support the company in a consulting role until the end of 2015. Brazell most recently served as the CFO of Academic Partnerships.
16:03 EDTETRMEnteroMedics files to sell common stock and warrants
Subscribe for More Information
16:02 EDTTSYSTeleCommunication Systems forms committee to explore strategic alternatives
Subscribe for More Information
16:02 EDTRPTRamco-Gershenson announces planned acquisition of interest in shopping centers
Ramco-Gershenson Properties Trust announced the planned acquisition of its partners' ownership interests in seven high quality shopping centers totaling $185.9M, including the assumption of its partner's pro rata share of debt of $48.1M. The closing on six of the properties is expected to occur on or before July 15. The closing on the seventh property is expected to occur on or before August 31. The net incremental operating income of $12.5M equates to a 6.7% capitalization rate. In addition, the company plans to sell to its partner its 20% interest in The Plaza at Delray, a 225,000 square foot shopping center in Delray Beach, Florida. The company will initially fund the acquisitions with approximately $88M of borrowings under its line of credit and $50M in proceeds from a recently closed private placement of 10-year unsecured debt at a fixed interest rate of 4.20%. It expects to pay down borrowings under the line through the disposition of its interest in The Plaza at Delray and through additional dispositions of $60M-$75M of non-core shopping centers through the balance of the year. The seven shopping centers are located in the metropolitan submarkets of Atlanta, Columbus, Baltimore, Detroit, and Chicago and serve strong trade areas with an average five-mile population of 182,000 and an average household income of $80,000. The properties are anchored by best-in-class national retailers and all feature a grocery component, with grocer sales for the portfolio averaging over $550 per square foot. The top three tenants based on annualized base rents are Home Depot, Jewel-Osco, and LA Fitness. As of March 31, the combined portfolio was 95.3% leased.
<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | all day >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use