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Afternoon Market Update
Wednesday, December 8, 2010 - 12:03pm | 166Shares of H&R Block Inc (NYSE: HRB) dropped after the company posted a loss in the latest quarter. The company's total revenue for the quarter also fell 1%. HRB shares were down about 7.4% following the results. US Energy stocks dropped after the Energy Information Administration report....
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Ball to Acquire Aerocan S.A.S. for EUR 221M
Wednesday, December 8, 2010 - 9:46am | 104Ball Corporation (NYSE: BLL) announced today that it has signed a definitive agreement with Barclays Private Equity to acquire Aerocan S.A.S. for approximately euro 221 million inclusive of debt and other liabilities. Aerocan manufactures aluminum aerosol cans and bottles, and aluminum slugs used...
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Earnings Scheduled For December 8 (SAI, SWHC, COST, DMND, GIII, ISYS, CMTL, GEF, ISSC, OXM, KFY, MATK)
Wednesday, December 8, 2010 - 3:04am | 319SAIC Inc (NYSE: SAI) is projected to post its Q3 EPS at $0.35 on revenue of $2.93 billion. Smith & Wesson Holding Corp (NASDAQ: SWHC) is expected to report its Q2 EPS at $0.00 on revenue of $99.80 million. Costco Wholesale Corp (NASDAQ: COST) is forecast to post its earnings at $0.69 per share...
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Greif, Inc. Declares Fourth Quarter Dividends
Tuesday, December 7, 2010 - 4:34pm | 54The Board of Directors of Greif, Inc. (NYSE: GEF) today declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.62 per share of Class B Common Stock. The dividends are payable on Jan. 1, 2011, to shareholders of record at close of business on Dec. 20, 2010.
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Crown Holdings Announces Repurchase Agreement
Thursday, December 2, 2010 - 11:26am | 123Crown Holdings, Inc. (NYSE: CCK) today announced that it has entered into a definitive agreement with Citigroup Global Markets, Inc. to purchase shares of its common stock under an accelerated share repurchase program. Pursuant to the agreement, Crown purchased 4,354,838 shares, currently...
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XLF Had Explosive Segments 12-01-2010
Wednesday, December 1, 2010 - 7:10pm | 896Cusick's Corner This was an incredibly strong day across the board -- XLF had explosive segments. Plus there was a lot of rumor about the support, or not, by the Fed for the IMF. While this is not confirmed, at this stage this is that headline or emotion risk/catalyst. But if we look at the...
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Options Brief: Owens-Illinois (OI)
Wednesday, November 24, 2010 - 11:36am | 82Shares of Owens-Illinois (NYSE: OI) are higher on the session by 1.18%, trading at $27.53. Overall call volume is now running at 2.17x the daily average, with 59% of all calls traded being purchases on the offer. 1,417 contracts have traded on the session so far. Owens-Illinois, Inc. is a global...
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Bemis Company Initiated At Neutral
Wednesday, November 24, 2010 - 7:09am | 156Goldman Sachs has published a research report on Bemis Company (NYSE: BMS) and has initiated coverage at Neutral. In the report, Goldman Sachs writes "We initiate coverage of Bemis (BMS), a multinational flexible packaging producer, with a Neutral rating and 12 month $35 price target. That being...
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Myers Industries Announces Management Promotions
Tuesday, November 23, 2010 - 2:35pm | 95Myers Industries, Inc. (NYSE: MYE), today announced the following promotions among its senior leadership team: Todd Smith, to Vice President and General Manager, Distribution Segment Joel Grant, to Vice President and General Manager, Material Handling Segment Chris Koscho, to Vice President...
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Deutsche Bank's Update on Owens-Illinois (OI)
Tuesday, November 23, 2010 - 7:43am | 86Deutsche Bank has published its research report on Owens-Illinois (NYSE: OI) following disappointing figures in October. Deutsche Bank writes, "October shipments were weak. According to data just released by the Glass Packaging Institute, October domestic glass shipments were down 1.1% m/m and down...
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Merger Arbitrage Mondays – November 22, 2010
Monday, November 22, 2010 - 7:37am | 4904Merger activity increased last week with five new deals being announced and eight deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2010 109 Total Number of...
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Wednesday's Put/Call Ratio Leaders (OI, CMCSK, TLAB, TSN, HYC)
Wednesday, November 17, 2010 - 12:47pm | 90Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Owens Illinois (NYSE: OI) 3,825 puts, 11 calls 2. Comcast Corporation (NASDAQ: CMCSK) 5,250 puts, 34 calls 3. Tellabs Inc. (NASDAQ: TLAB) 7,791 puts, 67 calls 4. Hypercom Corp. (NYSE...
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Silgan Announces Acquisition of IPEC
Tuesday, November 16, 2010 - 4:18pm | 42Silgan Holdings Inc. (Nasdaq: SLGN) today announced that it has acquired IPEC Global, Inc. The purchase price was funded through available cash onhand. The transaction is expected to be slightly accretive to earnings in 2011.
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Ingersoll-Rand Added To S&P; Pactiv Out (IR, PTV)
Tuesday, November 16, 2010 - 4:06pm | 53Ingersoll-Rand (NYSE: IR) is being added to the S&P 500 today, replacing Pactiv (NYSE: PTV). Pactiv actually finished today in the green, up 0.6% at $33.23. Ingersoll-Rand (IR) lost 1.83% to close at $41.42.
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Crown Holdings Downgraded to Hold at KeyBanc Capital Markets
Friday, November 12, 2010 - 8:02am | 23Crown Holdings Inc (NYSE: CCK) is downgraded from Buy to Hold at KeyBanc Capital Markets.