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Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:00 EDTWBC, VRX, TSRE, RICE, OGE, DNOW, MMYT, LIQD, JPM, ENBL, CVA, C, CNP, BAC, ACAS, ALLYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ally Financial (ALLY) initiated with a Market Perform at Bernstein... American Capital (ACAS) initiated with a Buy at Sterne Agee... Bank of America (BAC) initiated with a Buy at MKM Partners... CenterPoint Energy (CNP) reinstated with an Equalweight at Barclays... Citigroup (C) initiated with a Buy at MKM Partners... Covanta (CVA) initiated with a Buy at BB&T... Enable Midstream (ENBL) initiated with a Buy at UBS... JPMorgan (JPM) initiated with a Buy at MKM Partners... Liquid Holdings (LIQD) initiated with an Outperform at JMP Securities... MakeMyTrip (MMYT) initiated with a Buy at Citigroup... NOW Inc. (DNOW) initiated with an Overweight at JPMorgan... OGE Energy (OGE) initiated with an Overweight at Barclays... Rice Energy (RICE) initiated with a Buy at Mizuho... Trade Street Residential (TSRE) initiated with a Buy at Compass Point... Valeant (VRX) initiated with an Outperformer at CIBC... WABCO (WBC) initiated with a Buy at Longbow.
News For ALLY;ACAS;BAC;CNP;C;CVA;ENBL;JPM;LIQD;MMYT;DNOW;OGE;RICE;TSRE;VRX;WBC From The Last 14 Days
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September 22, 2014
07:07 EDTWBCRW Baird is an aggressive buyer of WABCO on the pullback
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06:11 EDTJPMEMC explores merger, holds talks with HP, Dell, WSJ reports
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September 20, 2014
21:15 EDTCCitigroup and Argentina's appeal on bond case dismissed, Reuters says
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19:48 EDTBACBank of America could climb over 50%, Barron's says
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September 19, 2014
16:00 EDTBACOptions Update; September 19, 2014
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11:25 EDTVRXSenators bring bill requiring companies to settle before inverting
U.S. Senators Sherrod Brown and Dick Durbin announced new legislation requiring corporations to "Pay What You Owe Before You Go" – settling their U.S. tax bill before relocating to a foreign country. "Everyone knows that before you leave a restaurant you have to settle your tab," Brown said. "Corporations shouldn’t get to play by different rules. While it is critical that we reach a long-term solution that reforms our international corporate tax code by implementing a global minimum tax and reducing the statutory tax rate, this bill is an immediate, commonsense measure to ensure businesses settle up before leaving the U.S." Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Allergan (AGN).
11:14 EDTCSumitomo Mitsui, Mitsubishi UFJ on short list for Citigroup unit, WSJ reports
Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Trust Holding, Mitsubishi UFJ Financial (MTU) and Shinsei Bank have been shortlisted by Citigroup (C) as buyers for the U.S. bank's retail bank in Japan, the Wall Street Journal reports, citing sources. Citi could pick a buyer for the unit by the end of the year or early next year. Citigroup could sell its Diners Club branded credit card unit in Japan along with the retail bank, a source says. Reference Link
09:37 EDTCActive equity options trading on open
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09:35 EDTCVACovanta commences construction of Dublin waste-to-energy facility
Covanta announced that it has executed an agreement with the Dublin City Council to build, own and operate a 600,000 metric tonne per year, 58 net megawatt Energy-from-Waste facility in Dublin, Ireland . The company also announced that it has achieved financial close on a comprehensive project financing package and plans to commence construction of the project immediately. Facility construction is expected to take approximately three years, with commencement of operations targeted for late 2017. The total investment in the construction of the facility will be approximately EUR 500M, funded by a combination of third party non-recourse project financing and project equity invested by Covanta. The third party project funding includes EUR 300M of project debt, representing approximately 60% leverage, and a EUR 75M convertible preferred investment by the energy infrastructure arm of First Reserve, one of the world's leading private equity and infrastructure investment firms in the energy sector.
07:17 EDTCCitigroup up against hard situation in Argentina bond plea, Reuters says
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September 18, 2014
16:00 EDTBACOptions Update; September 18, 2014
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14:08 EDTBAC, C, JPMBanks look to high-interest personal loans to boost revenue, WSJ says
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06:31 EDTALLYConsumer bureau proposes federal oversight of large auto finance companies
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05:31 EDTJPMVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.
September 17, 2014
16:31 EDTCVACovanta raises quarterly dividend to to 25c per share
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16:00 EDTBACOptions Update; September 17, 2014
iPath S&P 500 VIX Short-Term Futures down 24c to 27.63. Option volume leaders: AAPL TSLA BAC TWTR AMZN X WLT KO PBR according to Track Data.
13:51 EDTJPMJPMorgan to replace some credit cards following Home Depot breach, Reuters says
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13:16 EDTC, BAC, JPMHolder says DOJ looking to charge bank executives, Washington Post says
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07:37 EDTJPMMorningstar to hold a conference
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06:54 EDTJPM, BACNY Attorney General announces NYC bank identity-theft ring takedown
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