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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:34 EDTBK, AGOAssured Guaranty makes statement regarding payments for sewer revenue warrants
On Friday, February 1, The Bank of New York Mellon (BK), as trustee for the Jefferson County, Alabama, sewer revenue warrants, notified Assured Guaranty Municipal Corp. (AGO) that it was suspending, until further notice, distributions to warrant holders of funds that secure and are the source of payment of the sewer warrants’ debt service. The suspended distributions include both net system revenues and draws on insurance policies, including certain AGM insurance policies. AGM disagrees with the trustee’s decision to suspend distributions and will take all steps necessary to ensure that each holder of an AGM-insured sewer warrant will receive scheduled debt service payments in full and in a timely manner. In that regard, AGM has paid all amounts due for payment on February 1 on the AGM-insured sewer warrants under its bond insurance policy to the Depository Trust Company and expects that DTC will credit such amounts to holders' accounts on Monday, February 4.
News For AGO;BK From The Last 14 Days
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April 23, 2014
14:30 EDTBKBNY Mellon said to be looking into sale of corporate trust unit, Bloomberg says
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13:55 EDTBKBNY Mellon moves to highs of session after possible trust unit sale
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13:53 EDTBKBNY Mellon considers corporate trust unit sale, Bloomberg reports
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April 22, 2014
06:36 EDTBKBNY Mellon reports Q1 EPS 57c, consensus 53c
Reports Q1 revenue $3.65B, consensus $3.73B. Reports Q1 book value per share $31.94. Reports Q1 Basel 1 Tier 1 capital ratio 17%. Reports AUM $1.62T at March 31.
April 21, 2014
15:16 EDTBKNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 64c; United Technologies (UTX), consensus $1.27; McDonald's (MCD), consensus $1.24; Simon Property Group (SPG), consensus $2.24; Lockheed Martin (LMT), consensus $2.53; Bank of New York Mellon (BK), consensus 53c; Illinois Tool Works (ITW), consensus 98c; Travelers (TRV), consensus $2.16; Omnicom Group (OMC), consensus 79c; Pentair (PNR), consensus 73c; Harley-Davidson (HOG), consensus $1.08; Regions Financial (RF), consensus 20c; Genuine Parts Company (GPC), consensus $1.02; Xerox (XRX), consensus 24c; Carlisle (CSL), consensus 53c.
April 14, 2014
05:36 EDTBKBNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
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April 10, 2014
09:09 EDTBKBNY Mellon appoints Monique Herena as Chief Human Resources Officer
BNY Mellon (BK) has appointed Monique Herena senior executive VP and chief human resources officer for the company, effective April 28. Herena will report to CEO Gerald L. Hassell and serve on the Executive Committee, succeeding Lisa Peters, who is retiring after 32 years with the company. Herena joins BNY Mellon from PepsiCo (PEP) where she had an equivalent position.

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