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Stock Market & Financial Investment News

News Breaks
April 28, 2014
04:55 EDTAIG, AIG, AIG, TW, TW, TW, IHS, IHS, IHS, HSBC, HSBC, HSBC, ESRX, ESRX, ESRX, GD, GD, GD, EXPO, EXPO, EXPO, CRDB, CRDB, CRDB, CRVL, CRVL, CRVL, CLGX, CLGX, CLGX, CB, CB, CB, BK, BK, BK, AGII, AGII, AGII, WRB, WRB, WRBRisk Management Society to hold a conference
Risk & Insurance Management Society Annual Conference: RIMS 2014 is being held in Denver, Colorado on April 27-30.
News For AIG;AGII;BK;CB;CLGX;CRVL;CRDB;EXPO;GD;ESRX;HSBC;IHS;TW;WRB From The Last 14 Days
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June 18, 2015
07:38 EDTESRXLeerink to hold a roundtable
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07:28 EDTHSBCLloyds CEO to call on U.K. banks to welcome ringfencing rules, Reuters says
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06:26 EDTHSBCBanco Bradesco expected to make offer for HSBC's Brazilian unit, Reuters reports
Banco Bradesco (BBD) CEO Luiz Carlos Trabuco says that the private-sector bank will make an offer for HSBC's (HSBC) Brazilian unit in July, Reuters reports, citing comments from the newswire service of O Estado de S. Paulo newspaper. Reference Link
06:21 EDTHSBCFour banks to pay nearly $1B to settle forex rigging suit, AFP reports
Goldman Sachs (GS), BNP Paribas (BNPQY), Barclays (BCS), and HSBC (HSBC) have all reached separate agreements to settle a U.S. civil lawsuit over alleged foreign exchange rigging in deals totaling approximately $1B, AFP reports, citing sources close to the situation. The agreements are preliminary and are subject to change, the sources told AFP, confirming an earlier report on the settlements from the Wall Street Journal. Barclays is expected to pay $375M, HSBC $285M, BNP Paribas roughly $200M, and Goldman Sachs about $130M, the report says.The four banks' pending agreements would settle the civil lawsuit filed by Scott & Scott and Hausfeld that claims their traders manipulated the forex market to boost the banks' profits, AFP reports. Reference Link
06:01 EDTHSBCBanks to settle civil forex lawsuit for nearly $2B, WSJ reports
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June 17, 2015
17:24 EDTGDGeneral Dynamics awarded $200M government contract
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16:21 EDTAIGAres, Varagon establish joint venture for senior secured loans
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16:20 EDTESRXExpress Scripts initiated with a Perform at Oppenheimer
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15:31 EDTGDGeneral Dynamics awarded $43M contract
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11:16 EDTHSBCOCC restricts some banks from certain mortgage related business activity
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10:00 EDTCLGXOn The Fly: Analyst Downgrade Summary
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09:43 EDTESRXExpress Scripts management to meet with Deutsche Bank
Meeting to be held in New York on June 17 hosted by Deutsche Bank.
08:41 EDTCLGXCoreLogic downgraded to Underperform from Neutral at Macquarie
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June 16, 2015
17:49 EDTAIGStarr International to appeal AIG ruling, WSJ says
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16:22 EDTAIGStarr International to appeal court decision on AIG damages, CNBC says
10:01 EDTAIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Hold from Buy at Deutsche Bank... Alumina (AWCMY) downgraded to Neutral from Outperform at Credit Suisse... Avalanche Biotechnologies (AAVL) downgraded on lack of catalysts at SunTrust... DealerTrack (TRAK) downgraded to Hold from Buy at Craig-Hallum... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... Methode Electronics (MEI) downgraded to Neutral at Baird... Profire Energy (PFIE) downgraded to Hold from Buy at Maxim... Standard Pacific (SPF) downgraded to Neutral from Outperform at Credit Suisse... The Fresh Market (TFM) downgraded to Sell from Neutral at Northcoast... Twitter (TWTR) downgraded to Neutral at MKM Partners on stalled user growth... United Natural Foods (UNFI) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Underperform from Neutral at Macquarie.
08:51 EDTAIGCourt decision removes AIG overhang, says Bernstein
After a judge ruled that the government's bailout of AIG was illegal but awarded no damages, Bernstein says that AIG will most likely not have to pay any damages as a result of the lawsuit. The firm believes that the decision is a significant positive catalyst for the stock, It keeps a $65 price target and Outperform rating on the shares.
07:11 EDTAIGSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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06:39 EDTAIGAIG downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded AIG to Hold citing valuation with the stock near his price target of $64. Yesterday's Starr court decision removes some overhangs, and the stock is "not without positive catalysts," Shanker tells investors in a research note. Nonetheless, the analyst thinks outperformance in the first half of 2015 has brought the stock around the levels where it will be trading at this time next year. Shares of AIG closed yesterday up 69c to $62.58.
06:19 EDTHSBCJPMorgan, HSBC could move parts of businesses to Luxembourg, U.K. Times reports
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