New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 11, 2012
10:55 EDTACAS, ACAS, ACAS, SLRC, SLRC, SLRC, PNNT, PNNT, PNNT, DFS, DFS, DFS, COF, COF, COF, BOX, BOX, BOX, BKCC, BKCC, BKCC, AXP, AXP, AXP, ARCC, ARCC, ARCC, AMTG, AMTG, AMTG, AINV, AINV, AINV, TAL, TAL, TAL JP Morgan's consumer finance analyst holds an analyst/industry conference call
Consumer Finance & Capital Markets Analyst Shane provides an industry update and outlook for 2012 on an Analyst/Industry conference call. Relevant covered companies ACAS, AINV, AMTG, ARCC, AXP, BKCC, BOX, COF, DFS, PNNT, SLRC and TAL may be discussed on the Analyst/Industry conference call to be discussed on the Analyst/Industry conference call to be held on January 17 at 11 am hosted by JP Morgan.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
November 24, 2015
10:00 EDTBOXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.
07:04 EDTBOXBox upgraded to Buy from Neutral at BofA/Merrill
Subscribe for More Information
November 19, 2015
07:55 EDTAXPAmerican Express management to meet with Deutsche Bank
Subscribe for More Information
November 18, 2015
07:59 EDTBOXUBS to hold a conference
Subscribe for More Information
November 17, 2015
07:50 EDTCOFClearing House to hold a conference
Subscribe for More Information
07:48 EDTDFSBofa/Merrill to hold a conference
Banking & Financial Services Conference 2015 is being held in New York on November 17-18.
07:47 EDTBKCC, SLRCWells Fargo to hold a forum
Subscribe for More Information
07:01 EDTAXPGlobal Payments to offer Apple Pay support in Canada
Global Payments (GPN) said it will offer its merchants in Canada the ability to accept American Express (AXP) payments made with Apple (AAPL) Pay. As an Apple Pay-qualified payment provider, Global Payments' robust suite of payments solutions is fully enabled for Apple Pay acceptance, allowing merchants to offer their customers the convenience of Apple Pay acceptance in-store, in-app and on-the-go.
05:40 EDTACASEuropean Capital and American Capital receive proceeds of EUR 91.4M from Delsey
European Capital Limited and its affiliates and American Capital announced that they have received total proceeds of EUR 91.4M from exiting their unitranche investments in Delsey. European Capital and American Capital also announced that they have invested an additional EUR 7.8M in subordinated mezzanine bonds to support the company's refinancing and future growth.
November 16, 2015
13:57 EDTTALTAL International upgraded to Neutral from Underperform at BofA/Merrill
12:04 EDTAXPAmerican Express reports October net write-offs 1.3% vs. 1.2% last month
Reports October 30 days past due loans 1.0% vs. 1.0% last month.
11:31 EDTAXPMarriott announces plans to buy Starwood in $12.2B cash and stock deal
Shares of Marriott International (MAR) and Starwood Hotels & Resorts (HOT) fell after the two companies announced that Marriott will acquire Starwood in a cash and stock deal valued at $12.2B. WHAT'S NEW: Under the terms of the agreement, Starwood shareholders will receive 0.92 shares of Marriott Class A common stock and $2 in cash for each share of Starwood stock. When the deal closes, Starwood stakeholders will own roughly 37% of the combined entity's stock, the companies said. Marriott expects the deal to be earnings accretive by the second year after the merger, excluding the impact of transaction and transition costs. Marriott president and chief executive officer Arne Sorenson will remain in both positions following the merger. The transaction, which has been approved unanimously by the boards of both companies, is expected to close in mid-2016. In a statement announcing the deal, Marriott said it remains committed to its management and franchise strategy. Additionally, Marriott said it expects to deliver at least $200M in annual cost savings in the second full year after closing. Marriott expects to return at least $2.25B in dividends and share repurchases to investors, and believes it can reutrn "at least as much" in the first year following the closing. WHAT'S NOTABLE: On a conference call discussing the deal, Sorenson said that Starwood brands will "remain in place" and that he is focused on increasing appeal to younger travelers. Sorenson also said that the agreement includes a $400M break-up fee. Marriott chief financial officer Carl Berquist added that Starwood will continue its asset sale program. Starwood Chairman Bruce Duncan said that "all possible options" were considered and the company spoke to a "wide range" of interested parties. OTHER BIDDERS: On November 2, CNBC's David Faber reported that Starwood and rival Hyatt (H) were still in talks over a potential merger deal and that deal was about "a week away." In addition, The Wall Street Journal reported on October 27 that Shanghai Jin Jiang International Hotels, HNA Group and China Investment Corporation were vying for government clearance to submit an offer to acquire Starwood. On July 30, media reports emerged that Starwood had reached out to possible suitors about a buyout, including InterContinental (IHG), Wyndham Worldwide (WYN), and several sovereign wealth funds. Intercontinental denied it was involved in any such discussions with Starwood the day the story was reported. STREET RESEARCH: In response to the acquisition news, RBC Capital Markets analyst Wes Golladay said that Marriott may look to convert some of Starwood's hotels, likely older Sheratons, to its new Delta brand. PRICE ACTION: In morning trading, Marriott declined 0.14% to $72.64 and Starwood fell 6.25% to $70.24. OTHERS TO WATCH: Hyatt rallied 3.4%, InterContinental was down 1.77% and Wyndham Worldwide lost 2.07% following the deal announcement. American Express (AXP), which announced new benefits to the Starwood Preferred Guest credit card in early June, slipped 0.62% in morning trading.
11:24 EDTCOFClearing House to hold a conference
Clearing House Annual Conference is being held in New York on November 16-18.
10:11 EDTACASHigh option volume stocks
Subscribe for More Information
09:44 EDTDFSDiscover reports October net charge-offs 1.52% vs. 1.61% last month
Subscribe for More Information
09:42 EDTCOFCapital One reports October net charge-off rate 3.38% vs. 312% last month
Subscribe for More Information
08:58 EDTAXPAmerican Express slips following Marriott, Starwood deal announcement
Shares of American Express (AXP) are slipping in pre-market trading following the news that Marriott (MAR) and Starwood Hotels & Resorts (HOT) have agreed to merge. In early June, American Express and Starwood announced new benefits to the Starwood Preferred Guest credit card. Marriott, however, has its co-brand program with JPMorgan Chase (JPM) and the early weakness in American Express shares could reflect concern over a potential change in the merged hotels' co-brand relationships. In pre-market trading, AxEx shares are down about 0.5% to $70.88.
08:40 EDTACASElliott says American Capital's share price could be worth over $23/share
Subscribe for More Information
08:31 EDTACASElliott announces stake in American Capital, opposes plan to spin out BDC assets
Subscribe for More Information
November 13, 2015
08:22 EDTAXPAmerican Academy of Ophthalmology to hold annual meeting
AAO 2015 is being held in Las Vegas, Nevada on November 13-17 with webcasted presentations to begin on November 13 at 11:50 am. Webcast Link
1 | 2 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use