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Stock Market & Financial Investment News

News Breaks
February 12, 2013
06:49 EDTGS, NEM, ABX, KGCRussia could be third largest gold producer by 2015, Bloomberg reports
Russia may have the world’s third- largest gold output in 2015 as higher prices encourage mining companies to boost volumes, says Sergey Kashuba, chairman of the country’s Gold Producers’ Union, Bloomberg reports. If gold prices maintain their gains, Russia’s gold output will continue to expand by 4% to 5% a year through 2020, he said.Reference Link
News For ABX;GS;KGC;NEM From The Last 14 Days
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March 26, 2015
08:17 EDTGSSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
March 24, 2015
07:45 EDTGSMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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07:28 EDTABXGold Fields may be bidder in potential $1B Barrick Gold auction, AFR says
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March 23, 2015
14:36 EDTABXBarrick Gold says Chile court rejects claims Pascua-Lama damaged glaciers
Barrick Gold announced Chile's Environmental Court has ruled that the Pascua-Lama project has not damaged glaciers within the project's area of influence. "The Pascua-Lama team is focused on resolving the project's outstanding legal and regulatory hurdles, completing a new execution plan to optimize remaining construction activities and minimizing ongoing project costs," the company said.
March 20, 2015
10:09 EDTGSAllstate enters accelerated share repurchase agreement with Goldman Sachs
Allstate (ALL) said in a filing that on March 19, the Registrant entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. (GS), to purchase $500M of its outstanding common stock. The majority of the shares to be repurchased under this agreement will be received by the Registrant at the agreement’s inception. It is expected that Goldman will purchase the shares that it delivers under the agreement in the market within a timeframe not to exceed three months. The final purchase price per share and number of shares to be delivered by Goldman will be determined at the conclusion of the agreement and settlement will consist of the Registrant receiving shares based on the average of the daily volume weighted average prices of the Registrant’s common stock during the period of Goldman purchases. If the Registrant is required to pay a settlement amount, the Registrant may elect to settle in cash or shares of its common stock. The agreement is part of the Registrant’s repurchase program totaling $3B that was announced on February 4, 2015. All of the shares acquired by the Registrant under the agreement will be placed into its treasury.
06:00 EDTABXAgnico Eagle names former Barrick Gold CFO Ammar Al-Joundi as president
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March 19, 2015
11:53 EDTGSU.S. banks face headwinds in unloading oil loans, WSJ says
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10:02 EDTNEMOn The Fly: Analyst Upgrade Summary
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06:42 EDTGSAllianz hedges stake in China Pacific Insurance, Reuters says
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06:30 EDTNEMNewmont Mining upgraded to Overweight from Neutral at HSBC
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06:06 EDTGSSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
March 18, 2015
07:27 EDTGSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
06:09 EDTGSGoldman Sachs prices 6M shares of specialty lending arm, WSJ reports
According to a source, late yesterday, Goldman Sachs priced 6M shares of Goldman Sachs BDC, its specialty lending arm, at $20 per share with the shares set to begin trading today, The Wall Street Journal reports. Shares of Goldman Sachs BDC will trade under the ticker symbol "GSBD." Reference Link
March 16, 2015
06:01 EDTABXBarrick Gold eyes sale of Chiliean Zaldívar mine, Financial Times reports
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