Media Room
All posts from Media Room
Media Room in Media Room,

Morning Headlines


BlackBerry (BBRY) posted a smaller than expected loss of 11 cents per share, compared to forecasts of 26 cents, with revenue topping estimates. The company said its cash position is strong, and that it recognized revenue on 1.6 million devices during the quarter compared to 1.3 million in the prior quarter.

American Apparel's (APP) board voted to replace Dov Charney as chairman and notified him of its intent to terminate his employment as President and CEO for cause. Jim Luttrell has been named interim CEO and Allan Mayer and David Danziger as co-chairmen

Markit (MRKT), the data services provider, priced its initial public offering at $24 per share, valuing the company at about $4.3 billion.

Pier 1 Imports (PIR) reported quarterly profit of 16 cents per share, four cents below estimates, and cut its earnings outlook for the year. Pier 1 cites a "highly promotional environment" as pressuring its results.

News Corp. (NWSA) extended its shareholder rights plan until June 18, 2015

TE Connectivity (TEL) said it will buy Measurement Specialties (MEAS) for $1.7B

T-Mobile (TMUS) said customers can stream music without data plan impact

Rolls-Royce (RYCEY) announced a GBP1B share buyback, confirmed FY14, FY15 guidance

AutoZone (AZO) announced an addition of $750 million to its ongoing share repurchase program

Red Hat (RHT), which lowered its FY15 EPS view, said recent acquisitions to add to OpenStack effort but dilutive to EPS

Alco Stores (ALCS) reported that CFO Wayne Peterson has left the company

Qiagen (QGEN) received FDA approval of Artus CMV RGQ MDx kit

American Homes 4 Rent (AMH) Signs Pact w/ Alaska Permanent Fund

Advance Auto Parts (AAP) Sees $39m-$51m Restructuring Costs

Bind Therapeutics (BIND), Roche Sign Nanomedicines Discovery Agreement

Cal Dive (DVR) Reports CFO Resignation

Cepheid (CPHD), Astra (AZN), Cubist (CBST), GSK (GSK) to Make Test for Resistant Pathogens

Engility (EGL) Unit Gets $22.2m in Task Orders for Support with USAF

El Nino Chances Seen ‘Close to 100%,’ Boosting U.S. Crop Outlook

Enbridge (ENB) CFO Richard Bird Plans to Retire by Yr-End

Falcone Resigns From Lightsquared Board, Filing at FCC Says

Huntsman (HUN) Sees 2q Manufacturing Disruption Effect of ~$10m

Intersil (ISIL) to Pay $10m Civil Penalty

Iraq Army Says Killed 70 Militants to Recapture Baiji Refinery

Merck (MRK) JV Partners with Gotovax for Oral Cholera Vaccine

OncoMed (OMED) Says FDA Placed Partial Clinical Hold on FZD8-Fc

Popular (BPOP) Gets Approval to Fully Repay TARP Funds

PG&E (PCG) Rate Hike Would Be Less Than Requested Under Calif Proposal

PDC Energy (PDCE) CEO Trimble to Step Down, Brookman Named Replacement

Pfizer (PFE) Says Two-Year Data from Xeljanz Study Published in NEJM

SAP (SAP) India Managing Director Anirban Dey Resigns

TransCanada (TRP) Says Keystone Line Rates Remain Reduced After Neb. Storm

Tetraphase Pharmaceuticals (TTPH) CFO Sells 13.5k Shares

Trina (TSL) to Supply 60MW PV Modules to Xinyi Solar

Triumph Group (TGI) Settles Litigation With Eaton (ETN), Will Pay $147.5m

United Tech’s (UTX) Sikorsky Says It Welcomes CMHP Contract Signing

World Point Terminals (WPT) Buys 2 Terminal Facilities in Alabama

Yingli (YGE) to Supply 12 MWp of Solar Modules to Malaysian Projects


Facebook (FB) suffers 30 minute outage Thursday morning from London to Hong Kong: WSJ

General Motors (GM) employee warned about stalling Impala in 2005: AP

Blackrock (BLK), Pimco suing several banks (USB, DB, WFC, C, HSBC, BK) for trustee roles: WSJ

GE (GE) plans rail signaling, grid offers to score Alstom (ALSMY): Reuters

Paris demanding French minority ownership in Alstom (ALSMY) in GE's (GE) bid: FT

CNOOC (CEO) in talks to acquire buy 30%-40% of Aphrodite field: Globes

Amazon Phone (AMZN) will get prominent position in AT&T (T) stores: CNET

Toyota (TM) announces new voice recognition service: Nikkei

American Apparel CEO Ouster Paves Way for Sale: N.Y. Post

Boehringer Scraps Plans for HCV Drug Faldaprevir: Project Inform

Coca-Cola (KO) Varanasi Plant Closed on Pollution Board Order: Economic Times

China May Issue Rules on Stem Cells Clinical Use: Sec. Journal

Currency Probe Widens as U.S. Prosecutors Said to Target Markups: Bloomberg

JPMorgam (JPM) Names Melissa Bean New Midwest Chair: Chicago Tribune

Michael Hasenstab Warns on U.S. Debt: Financial Times

Rio Tinto (RIO) Increases Low-Grade Iron Ore Discounts: AFR

Shenzhen Agencies Threaten Soufun (SFUN) Boycott Over Fees: SCMP

SEC Subpoenas House Ways and Means Committee, Aide: WSJ

Senators Criticize Marketing of E-Cigarettes: Reuters