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Stock Market & Financial Investment News

News Breaks
July 2, 2014
10:00 EDTLMCA, LLY, BAC, ALU, URBN, PKE, HP, DRWI, BHI, ABBV, TRGP, ORCL, ETP, CP, BRGYY, WBMD, PTENOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AbbVie (ABBV) upgraded to Overweight from Equal Weight at Barclays... Alcatel-Lucent (ALU) upgraded to Overweight from Neutral at JPMorgan... BG Group (BRGYY) upgraded to Buy from Hold at Canaccord... Baker Hughes (BHI) upgraded to Neutral from Sell at Guggenheim... Bank of America (BAC) upgraded to Buy from Hold at Deutsche Bank... Canadian Pacific (CP) upgraded to Outperformer from Sector Performer at CIBC... DragonWave (DRWI) upgraded to Buy from Neutral at H.C. Wainwright... Eli Lilly (LLY) upgraded to Equal Weight from Underweight at Barclays... Energy Transfer Partners (ETP) upgraded to Outperform at Wells Fargo... Helmerich & Payne (HP) upgraded to Neutral from Sell at Guggenheim... Liberty Media (LMCA) upgraded at Morgan Stanley... Men's Wearhouse (MW) upgraded at Stifel... Oracle (ORCL) upgraded to Overweight from Neutral at Atlantic Equities... Park Electrochemical (PKE) upgraded to Buy from Hold at Needham... Patterson-UTI Energy (PTEN) upgraded to Neutral from Sell at Guggenheim... Targa Resources (TRGP) upgraded to Conviction Buy from Buy at Goldman... Urban Outfitters (URBN) upgraded to Outperform from Neutral at Macquarie... WebMD (WBMD) upgraded at Stifel.
News For ABBV;ALU;BRGYY;BHI;BAC;CP;DRWI;LLY;ETP;HP;LMCA;ORCL;PKE;PTEN;TRGP;URBN;WBMD From The Last 14 Days
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December 9, 2014
16:00 EDTBACOptions Update; December 9, 2014
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14:57 EDTBACFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTBACFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
09:38 EDTBACActive equity options trading
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09:15 EDTBACBank of America sees Q4 sales and trading revenue down linked-quarter, y/y
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07:44 EDTLLY, ABBVAmerican Association for Cancer Research to hold a symposium
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07:11 EDTLLYEli Lilly and Incyte announce Phase 3 RA-BEACON study met primary endpoint
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December 8, 2014
16:00 EDTBACOptions Update; December 8, 2014
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10:00 EDTCPOn The Fly: Analyst Downgrade Summary
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08:10 EDTLLYLilly, Anthem, HealthCore form five-year research collaboration
Eli Lilly and Company (LLY), Anthem (ANTM) and HealthCore, Inc. announced that they have formed a five-year, real-world evidence research collaboration intended to improve health outcomes for patients. The companies will jointly develop and conduct research projects in health outcomes and real-world evidence in areas of mutual interest. Each party will bring distinct and valuable contributions to the collaboration, including the U.S. provider and patient environment, research capabilities, therapeutics and methods expertise, and integrated, researchable data. The collaboration allows the organizations to explore research opportunities across disease states and incorporate surveys and other information from providers and patients.
07:53 EDTBRGYYClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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06:35 EDTBACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:40 EDTCPCanadian Pacific downgraded to Neutral from Buy at Goldman
Goldman Sachs downgraded Canadian Pacific Railway to Neutral saying uncertainty around lower oil prices should drive a reduced multiple for shares. Goldman cut its price target for the rail operator to $202 from $223, but points out the company's crude business has yet to be impacted from lower oil prices. CP shares closed Friday down $2.57 to $191.58.
December 5, 2014
17:03 EDTCPCanadian Pacific to purchase 1.25M common shares through private agreements
Canadian Pacific announced that it intends to purchase for cancellation up to 1.25M of its common shares pursuant to private agreements to be entered into between CP and an arm's‐length third‐party seller. Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission dated December 5. The Order is in addition to the issuer bid exemption order recently issued to CP by the OSC on November 25 with respect to 1,210,163 CP common shares. Pursuant to the Order, purchases may be made in several transactions prior to March 16, 2015. The price CP will pay for its common shares purchased by way of private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase. Purchases made by CP will be counted towards CP's normal course issuer bid announced on March 11, as amended September 29, for up to 12,650,862 CP common shares and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under the Bid, being 4,216,954 common shares. The actual number of CP common shares that will be repurchased under the Bid, by way of any private agreements or otherwise, and the timing of any such purchases, will be determined by CP. There cannot be any assurances as to how many common shares will ultimately be acquired by CP under the Bid.
13:05 EDTBHIBaker Hughes reports U.S. rig count up 3 to 1920
Baker Hughes reported the U.S. rig count was up 3 rigs from last week to 1920, with oil rigs up 3 to 1575, gas rigs unchanged at 344, and miscellaneous rigs unchanged at 1.
11:23 EDTBACOption volume leaders
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09:36 EDTBACActive equity options trading
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07:43 EDTBHILondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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07:17 EDTORCLOracle December volatility elevated into Q2 and margin outlook
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06:12 EDTBHIBaker Hughes reports Nov. international rig count up 16 to 1,324
Baker Hughes announced that the international rig count for November was 1,324, up 16 from the 1,308 counted in October, and up 13 from the 1,311 counted in November 2013. The international offshore rig count for November was 341, up 15 from the 326 counted in October, and up 25 from the 316 counted in November 2013. The average U.S. rig count for November 2014 was 1,925, unchanged from the 1,925 counted in October, and up 169 from the 1,756 counted in November 2013. The average Canadian rig count for November was 421, down 3 from the 424 counted in October, and up 36 from the 385 counted in November 2013. The worldwide rig count for November was 3,670, up 13 from the 3,657 counted in October, and up 218 from the 3,452 counted in November 2013.
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