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Stock Market & Financial Investment News

News Breaks
July 17, 2014
08:47 EDTADES, GSAdvanced Emissions provides operations update
Advanced Emissions (ADES) provided an operations update. The company produces Refined Coal through Clean Coal Solutions, a joint venture among subsidiary ADA-ES, an affiliate of NexGen Resources Corporation, and an affiliate of Goldman Sachs (GS). CCS now has 15 RC facilities that have begun full-time operations and are located at coal plants that collectively have historically burned approximately 44M tons of coal per year. Ten of these RC facilities are now fully or partially leased or sold to four different RC investors, and are expected to generate more than $110M in annual revenues to CCS. In Q2, a total of 6.9M tons of RC were produced. The company has won more than $25M in new Emissions Control awards in 2014 to date, is delivering projects in its backlog, and bidding on future projects.
News For ADES;GS From The Last 14 Days
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August 31, 2014
14:18 EDTADESGlobal Hunter Securities to hold a conference
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August 28, 2014
07:26 EDTGSGoldman, Fosun, others acquire $2.4B share of China Huarong, Reuters says
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August 27, 2014
08:00 EDTGSSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big U.S 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
August 26, 2014
09:51 EDTGSOn The Fly: Analyst Initiation Summary
Cray (CRAY) initiated with a Buy at Stifel... Enphase Energy (ENPH) initiated with a Buy at Needham... FCB Financial (FCB) initiated with a Buy at UBS... FCB Financial initiated with an Overweight at JPMorgan... Goldman Sachs (GS) initiated with a Buy at MKM Partners... HealthEquity (HQY) initiated with a Neutral at RW Bair... Mobileye (MBLY) initiated with a Buy at Deutsche Bank... Mobileye initiated with a Neutral at Goldman... Mobileye initiated with a Neutral at RW Baird... Mobileye initiated with an Overweight at Barclays... RAIT Financial (RAS) initiated with an Outperform at JMP Securities... SunEdison (SUNE) initiated with an Outperform at FBR Capital... Mobileye initiated with an Outperform at Raymond James... Transocean Partners (RIG) initiated with an Overweight at Morgan Stanley... GT Advanced (GTAT) coverage resumed with an Overweight at Piper Jaffray... LinkedIn (LNKD) initiated with an Overweight at First Analysis... CSC (CSC) initiated with a Sector Perform at RBC Capital... United Natural Foods (UNFI) initiated with an Overweight at Stephens.
07:52 EDTGSGoldman developing rival messaging system to Bloomberg, NY Post says
Goldman Sachs is wary of Bloomberg’s ability to analyze data collected via its ubiquitous terminals and the bank is developing a cross-bank messaging and market data program, called Symphony, as a result, according to The New York Post. Reference Link
05:56 EDTGSGoldman Sachs initiated with a Buy at MKM Partners
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August 25, 2014
07:32 EDTGSGoldman likely to name small new-partner class for 2014, WSJ reports
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August 24, 2014
21:23 EDTGSLender group set to offer EDMC revised debt package, NY Post says
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16:56 EDTGSGoldman likely to limit partner designations this fall, WSJ says
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August 22, 2014
17:18 EDTGSGoldman Sachs announces agreements with FHFA to repurchase $3.15B in RMBS
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13:41 EDTGSGoldman Sachs near $1.1B payment to settle FHFA claims, FT reports
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06:42 EDTGSBlackstone in discussions to back China-based fund, Bloomberg says
Blackstone (BX) is in discussions to possibly back Hong Kong-based distressed fund, Arkkan Capital Management, which was founded by the former global leader of Goldman Sachs' (GS) special situations division Jason Brown, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
August 21, 2014
07:11 EDTADESAdvanced Emissions provides update on accounting review
Advanced Emissions announced that the Audit Committee of its board, upon the recommendation of the company's management, has determined that the company's financial statements filed on Form 10-Q for the quarters ended March 31, June 30, and September 30 of 2011 and 2012, or the annual financial statements filed on Form 10-K for the years ended December 31, 2011 and 2012 should not be relied upon and will likely be restated. The re-audits are still in progress, but based upon adjustments that have been identified to date, which impact a significant number of individual balance sheet and income statement line items, and the likelihood of additional adjustments as the re-audits continue, the company has determined it should make a non-reliance determination at this time. As part of the re-audit, the company is also evaluating whether or not the financial statements of Clean Coal Solutions, should have been consolidated or accounted for as an equity method investment in the Non-Reliance Periods. This evaluation includes additional technical accounting research, review of complex key documents, and consultation with current and former public accounting firms, and the company is still in the process of making its determination. If the company determines that it should have accounted for its investment in CCS under the equity method, this would materially impact, and require a restatement of, the company's previously reported financial statements for the Non-Reliance Periods. Whether the company accounts for CCS on a consolidated basis or as an equity investment, it does not change the company's ownership in, or the economic benefits the company receives from, CCS.
06:43 EDTGSRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
18:29 EDTGSBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
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11:37 EDTGSGoldman ups U.S. junior employees FY15 wages by 20%, Bloomberg says
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10:32 EDTGSGoldman to up U.S. junior employees FY15 salaries by 20%, Bloomberg says
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August 19, 2014
06:34 EDTGSGoldman abandons effort to toss out $1B Gaddafi suit, Telegraph says
Goldman Sachs (GS) abandoned its effort to toss out a London court suit from the Libyan Investment Authority who alleged that the bank lost over $1B worth of funds during the final years of Muammar Gaddafi's reign as dictator, according to the Telegraph, citing comments from the LIA. The LIA sued both Goldman and Societe Generale (SCGLY) over claims that the banks' London divisions took-in exorbitant fees while losing money in derivative trades. Reference Link
August 18, 2014
10:32 EDTGSProcter & Gamble likely to divest Duracell, Braun, Reuters reports
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09:20 EDTGSDeutsche Bank appoints Shannon Americas Chief Information Officer
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