Top Morning News: Alcoa Inc. (NYSE:AA), Baidu Inc (ADR) (NASDAQ:BIDU), Emerson Electric Co. (NYSE:EMR), PetroChina Co. (NYSE:PTR), Vantage Drilling Company (NYSEMKT:VTG)


Alcoa Inc. (NYSE:AA), the world’s largest aluminum smelter and manufacturer just announced it has purchased Tital, a privately held German aerospace parts maker. No price was disclosed for the purchase, but it is known that Tital had revenue of $96 million last year. Alcoa Inc. (NYSE:AA) in last trading activity fell -3.01% to close at $14.48. Company weekly performance is -9.72% while its quarterly performance stands at -10.89%. Alcoa Inc. (NYSE:AA) is -18.42% away from its 52 week high.

Baidu Inc. (ADR) (NASDAQ:BIDU) agreed to invest in Uber Technologies Inc. to expand competition with Alibaba Group Holding Ltd. (BABA) in China’s car-booking market. Baidu will connect its map and mobile-search features with Uber’s service, the two companies said in a statement. The companies didn’t specify the value or size of the stake Baidu will take in San Francisco-based Uber. Baidu Inc (ADR) (NASDAQ:BIDU) in last trading activity decreased -2.59% to close at $219.96. Company weekly performance is -4.32% while its quarterly performance stands at 0.40%. Baidu Inc (ADR) (NASDAQ:BIDU) is -12.71% away from its 52 week high.

Emerson Electric Co. (NYSE:EMR) announced that it has agreed to sell its Power Transmission Solutions business unit to Regal Beloit Corporation (RBC). The transaction is valued at $1.44B, representing cash proceeds of $1.4B plus assumption of certain postretirement liabilities, and is expected to close in the first calendar quarter of 2015, subject to regulatory approvals. Proceeds will be used for incremental share repurchase in fiscal 2015. On last trading day Emerson Electric Co. (NYSE:EMR) moved up 1.82% to close at $59.21. Its volatility for the week is 3.35% while volatility for the month is 1.88%. EMR’s sales growth for past 5 years was 4.10% and its EPS growth for past 5 years was 6.20%. Emerson Electric Co. (NYSE:EMR) monthly performance is -6.93%.

PetroChina Company Limited (NYSE:PTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $2.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $3.09 by $0.57. Analysts expect that PetroChina Company Limited will post $12.06 EPS for the current fiscal year. PetroChina Co. Ltd. (NYSE:PTR) has institutional ownership stands at 2.50%. In last trading activity company’s stock closed at $103.98.

Vantage Drilling Company (NYSE:VTG) last posted its quarterly earnings results on Friday, October 31st. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.04. The company had revenue of $207.52 million for the quarter, compared to the consensus estimate of $205.10 million. During the same quarter last year, the company posted $0.02 earnings per share. Vantage Drilling Company’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that Vantage Drilling Company will post $0.19 EPS for the current fiscal year. On Tuesday shares of Vantage Drilling Company (NYSEMKT:VTG) closed at $0.44. Company’s sales growth for last 5 years was 282.00%.


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