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Monday, 22 September 2014, 12:10 GMT
Takeover talk boosts Clorox
  • Shares of Clorox (NYSE:CLX) are higher in early trading after the New York Post reports the company was the target of takeover interest during the last three to six months.
  • A number of analysts think an acquisition premium will linger over the stock due to the stable of strong brands Clorox possesses.
  • CLX +2.7% premarket to $93.01.
Takeover talk boosts Clorox Post your comment!


Monday, 22 September 2014, 12:02 GMT
The Maze Runner breaks out of the pack
  • The Maze Runner brought in $32.5M during its opening weekend in the U.S. and took in $49M globally.
  • The young adult film brought in a higher percentage of males due to its tilt toward the action-thriller genre.
  • The movie was pushed out by 20th Century Fox (NASDAQ:FOXA) on a light production budget of $34M.
  • The studio plans a sequel for 2015 with the response strong enough to invest in a franchise.
The Maze Runner breaks out of the pack Post your comment!


Monday, 22 September 2014, 12:02 GMT
General Cable lowers Q3 and FY outlooks
  • Updating its Q3 and FY outlook, General Cable (NYSE:BGC) now expects operating income to be at or around the low end of its previously communicated range of 60-$75M and $200-$230M, respectively.
  • Adjusted operating cash flow for 2014 is anticipated to be at or around the low end of the range of $135-$165M due lower cash earnings expected over the second half of the year.
  • The updated ranges reflect the lagging global unit demand in Latin America, Thailand and Spain and a lower copper price environment.
General Cable lowers Q3 and FY outlooks Post your comment!


Monday, 22 September 2014, 12:01 GMT
Fortress eyes Japan hotel investments
  • Looking to cash in on government's drive to boost tourism ahead of the 2020 Tokyo Olympics, Fortress Investment's (NYSE:FIG) Japan operation is prioritizing hotel investments, expecting them to generate the highest returns of any real estate asset.
  • "While there are signs that demand for accommodation is set to increase, supply of the hotel is even falling in Japan," says Akio Yamashita, managing director for Fortress (Japan). "That is making the rental income from hotel operations very attractive."
  • A record 10.36M foreigners visited Japan in 2013, and the government has set a target of 20M visitors by 2020 (if the yen keeps falling, they'll probably get it).
Fortress eyes Japan hotel investments Post your comment!


Monday, 22 September 2014, 12:00 GMT
On the hour
  • S&P -0.31%.
  • 10-yr +0.13%.
  • Euro +0.18% vs. dollar.
  • Crude +0.08% to $91.70.
  • Gold -0.07% to $1,215.10.
On the hour Post your comment!


Monday, 22 September 2014, 11:59 GMT
TTM to acquire Viasystems in $927M deal
  • TTM Technologies (NASDAQ:TTMI) agrees to acquire Viasystems (NASDAQ:VIAS) in a cash and stock deal valued at ~$927M, including the assumption of debt.
  • TTM expects the deal to be materially accretive to non-GAAP earnings per share in the first year, and says it identifies at least $25M in pre-tax cost synergies expected to be realized within the first year.
  • The combined company will be one of the world's leading printed circuit board manufacturers.
TTM to acquire Viasystems in $927M deal Post your comment!


Monday, 22 September 2014, 11:54 GMT
Lannett begins shipping oxycodone solution
  • Lannett Company (NYSE:LCI) commences shipping its recently-approved oxycodone hydrochloride oral solution USP, 100 mg/5 mL. The U.S. wholesale market is ~43M per IMS Health.
  • The company reaffirms its fiscal 2015 guidance.
Lannett begins shipping oxycodone solution Post your comment!


Monday, 22 September 2014, 11:50 GMT
Safeway wants to rework bond terms
  • Safeway (NYSE:SWY) announces it's soliciting consent for holders of senior notes due in 2016, 2017, and 2019 for a proposed amendment relating to the bonds.
  • The company wants to strike the obligation to purchase the bonds after closing its merger with Albertson's.
  • A consent fee would be paid to holders under the proposed amendment.
Safeway wants to rework bond terms Post your comment!


Monday, 22 September 2014, 11:46 GMT
Total to sell off more assets, cuts production outlook
  • Total (NYSE:TOT) outlines a program to sell another $10B in assets over the next three years as well as target large-scale cost cuts, with the goal of generating $15B in free cash flow in 2017.
  • TOT expects organic investments to fall to $25B in 2017 from a peak of $28B in 2013, while operating expenses would fall by $2B/year by 2017.
  • Reiterates its earlier target to generate free cash flows of $15B in 2017 but cuts its target for next year to $7B from a prior $10B; it had free cash flows of $2.6B in 2013.
  • TOT also lowers its 2017 production outlook to 2.8M boe/day from its previous forecast of 3M boe/day.
  • TOT +0.7% premarket.
Total to sell off more assets, cuts production outlook Post your comment!


Monday, 22 September 2014, 11:46 GMT
Japanese health regulator approves Eylea label expansion
  • The Japanese Ministry of Health, Labour and Welfare approves the use of Regeneron Pharmaceuticals' (NASDAQ:REGN) Eylea (aflibercept) injection for the treatment of choroidal neovascularization (myopic CNV).
  • Eylea is already approved for sale for neovascular age-related macular degeneration (wet AMD) and macular edema secondary to central vein occlusion (CRVO).
  • Eylea is marketed in Japan by Bayer Healthcare's (OTCPK:BAYRY) (OTCPK:BAYZF) Japanese subsidiary Bayer Yakuhin, Ltd.
Japanese health regulator approves Eylea label expansion Post your comment!


Monday, 22 September 2014, 11:46 GMT
FLIR ONE to go on sale this week
  • After introducing its FLIR ONE thermal imaging iPhone accessory in July, FLIR Systems (NASDAQ:FLIR) has announced that the add-on camera will be available for order online this week.
  • When paired with its iPhone app, FLIR ONE displays live infrared imagery that allows users to see the world from a thermal perspective.
FLIR ONE to go on sale this week 1 comment!


Monday, 22 September 2014, 11:45 GMT
Ford preps for global Mustang launch
  • Early global demand for the redesigned Ford Mustang is exceeding expectations, according to one of the automaker's group presidents.
  • Ford (NYSE:F) plans to introduce the iconic model in new markets in Europe and Asia next year.
  • The automaker is building all of its Mustangs at Flat Rock, Michigan - including a right-hand-drive model.
  • What to watch: Mustang sales in the U.S. are up 3.5% YTD on a tight 34 days supply inventory in front of the new introduction.
Ford preps for global Mustang launch 1 comment!


Monday, 22 September 2014, 11:36 GMT
More on AutoZone's FQ4
  • AutoZone (NYSE:AZO) reports same-store sales rose 2.1% in FQ4 at its domestic units.
  • Gross profit rate +50 bps to 52.3% on lower shrink expenses.
  • Operating expense rate +30 bps to 31.6%.
  • Inventory +9.8% Y/Y to $3.14B.
  • Store count +190 to 5,391.
More on AutoZone's FQ4 Post your comment!


Monday, 22 September 2014, 11:34 GMT
Joslin Diabetes Center the lead clinic for Boston Therapeutics Phase 3 trial
  • Boston Therapeutics (OTCQB:BTHE) signs a clinical trial agreement with Boston's Joslin Diabetes Center to be the lead site in a Phase 3 clinical trial of BTI-320, a chewable glucose control product candidate.
  • The primary endpoints will be effect of BTI-320 on HbA1c, after-meal glucose and fasting plasma glucose. It will be evaluated in conjunction with current treatments such as metformin, thiazolidinedione and/or long-acting insulin analog on glycemic control in patients with type 2 diabetes.
  • Approximately 30 patients will be enrolled at the Joslin site and ~360 overall in the 24-week trial.
  • BTI-320 is an alpha glucoside inhibitor designed to reduce the post-meal elevation of blood glucose. It is taken before meals and works in the gastrointestinal tract to block the action of carbohydrate-hydrolyzing enzymes that break down carbohydrates into glucose and release it into the bloodstream.
Joslin Diabetes Center the lead clinic for Boston Therapeutics Phase 3 trial Post your comment!


Monday, 22 September 2014, 11:32 GMT
The day after: Yahoo lower as downgrades roll in; Softbank tumbles
  • The Alibaba catalyst in the rearview mirror, Bank of America and Bernstein both pull Buy ratings on Yahoo (NASDAQ:YHOO).
  • Softbank (OTCPK:SFTBF) tumbled 6.1% in Tokyo action overnight. "Part of the market used Softbank as an investment vehicle for Alibaba," says Jefferies' Atul Goyal. "And now that segment of the market doesn’t need to invest in it." Softbank owns 34% of Alibaba and its CEO said last week it has no intention of being a seller. Goyal reminds those selling Softbank today that Alibaba is just one of its investments, and Masayoshi Son has a number of other potential gems in the portfolio.
  • Yahoo -2% premarket
The day after: Yahoo lower as downgrades roll in; Softbank tumbles 1 comment!


Monday, 22 September 2014, 11:31 GMT
RadioShack in talks with major customer over relationship modification
  • RadioShack (NYSE:RSH) discloses it's having discussion with a major vendor over changes that could lead to a restructuring.
  • No deal has been struck yet.
  • SEC Form 8-K
RadioShack in talks with major customer over relationship modification 1 comment!


Monday, 22 September 2014, 11:29 GMT
William Blair starts off Inventure Foods at Outperform
  • William Blair initiates coverage on Inventure Foods (NASDAQ:SNAK) with an Outperform rating.
  • The investment firm sees organic growth opportunities for Inventure.
William Blair starts off Inventure Foods at Outperform Post your comment!


Monday, 22 September 2014, 11:18 GMT
China down sharply on stimulus disappointment
  • Don't expect any major policy moves out of Beijing to counter the recent weak string of economic data, says China Finance Minister Lou Jiwei, dampening rising speculation something big - maybe a rate cut - was coming.
  • Shanghai fell 1.7% overnight, with Hong Kong lower by 1.4%.
  • ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCHI, FCA, FHK
China down sharply on stimulus disappointment Post your comment!


Monday, 22 September 2014, 11:14 GMT
Realogy cut to Underperform at Credit Suisse
  • Not seeing any improvement from its own surveys of buyer traffic, home sales, and mortgage applications, Credit Suisse downgrades Realogy Holdings (NYSE:RLGY) to Underperform
  • Shares -1.7% premarket
Realogy cut to Underperform at Credit Suisse Post your comment!


Monday, 22 September 2014, 11:13 GMT
Innovus signs exclusive license with Orimed Pharma
  • Innovus Pharmaceuticals (OTCQB:INNV) enters into an exclusive license with JAMP Pharma affiliate Orimed Pharma for the territory of Canada. The covered products are Zestra, EjectDelay, Sensum+ and ZestraGlide.
  • Under the terms of the agreement, Innovus will receive an upfront payment, up to ~$94M Canadian in sales milestones and certain double-digit royalties based on Orimed's net sales in Canada.
  • Zestra and EjectDelay are currently cleared for sale. Innovus is currently in the process of obtaining regulatory approval for Sensum+ and ZestraGlide.
Innovus signs exclusive license with Orimed Pharma Post your comment!


Monday, 22 September 2014, 11:12 GMT
A320neo takes off Thursday
  • Airbus (OTCPK:EADSY) is scheduling its first flight of the A320neo this Thursday at 10:30 a.m. local time (08:30 GMT) in Toulouse, France, says Sales Chief John Leahy.
  • Leahy also announced that the all-new A350 would obtain its European safety certification "any day now".
  • Previously: A320neo ground tests in final stages
A320neo takes off Thursday Post your comment!


Monday, 22 September 2014, 11:08 GMT
Amazon faces strike of logistical workers in Germany
  • Amazon (NASDAQ:AMZN) workers at five logistical centers in Germany are on strike over a wage dispute.
  • The union group says it won't accept the right of Amazon to "arbitrarily" dictate salary levels, instead of using an established broad German retail wage structure.
  • The job walk-off is larger than one the company faced in Germany last year.
Amazon faces strike of logistical workers in Germany Post your comment!


Monday, 22 September 2014, 11:08 GMT
DuPont Fabros declares $0.35 dividend
  • DuPont Fabros (NYSE:DFT) declares $0.35/share quarterly dividend, in line with previous.
  • Forward yield 5.14%
  • Payable Oct. 15; for shareholders of record Oct. 3; ex-div Oct. 1.
DuPont Fabros declares $0.35 dividend Post your comment!


Monday, 22 September 2014, 11:05 GMT
Futures lower as China slides
Futures lower as China slides Post your comment!

Monday, 22 September 2014, 11:05 GMT
Chesapeake Energy declares $0.0875 dividend
  • Chesapeake Energy (NYSE:CHK) declares $0.0875/share quarterly dividend, in line with previous.
  • Forward yield 1.42%
  • Payable Oct. 31; for shareholders of record Oct. 15; ex-div Oct. 13.
Chesapeake Energy declares $0.0875 dividend Post your comment!


Monday, 22 September 2014, 11:04 GMT
Waddell & Reed Financial declares $0.34 dividend
  • Waddell & Reed Financial (NYSE:WDR) declares $0.34/share quarterly dividend, in line with previous.
  • Forward yield 2.54%
  • Payable Nov. 3; for shareholders of record Oct. 13; ex-div Oct. 9.
Waddell & Reed Financial declares $0.34 dividend Post your comment!


Monday, 22 September 2014, 11:02 GMT
AutoZone beats by $0.02, misses on revenue
  • AutoZone (NYSE:AZO): FQ4 EPS of $11.28 beats by $0.02.
  • Revenue of $3.05B (-1.6% Y/Y) misses by $20M.
  • Press Release
AutoZone beats by $0.02, misses on revenue Post your comment!


Monday, 22 September 2014, 11:01 GMT
Dun & Bradstreet tapped for gains
  • Dun & Bradstreet (NYSE:DNB) is upgraded to an Outperform rating from Neutral by Baird.
  • A favorable risk/reward profile on the stock is cast by analysts due to the opportunity for D&B management to drive organic growth.
  • The investment firm boosts its price target by $15 to $135.
Dun & Bradstreet tapped for gains Post your comment!


Monday, 22 September 2014, 11:00 GMT
On the hour
  • S&P +0.36%.
  • 10-yr +0.11%.
  • Euro -0.51% vs. dollar.
  • Crude -0.28% to $91.72.
  • Gold -0.31% to $1,223.10.
On the hour Post your comment!


Monday, 22 September 2014, 10:56 GMT
Air France offers to delay budget carrier roll-out
  • Air France-KL (OTCQX:AFLYY) offers to delay the roll-out of new low-cost carrier Transavia until the end of the year in an effort to appease striking pilots.
  • The company estimates only 41% of its flights will operate today due to the  damaging strike.
Air France offers to delay budget carrier roll-out Post your comment!



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