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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:05 EDTRRMS, NSRGY, C, AMBC, PNW, JDSU, CIEN, TX, PCG, GEL, HAWKOn The Fly: Analyst Downgrade Summary
Ambac Financial (AMBC) downgraded to Sell from Neutral at MKM Partners... Blackhawk (HAWK) downgraded to Neutral from Overweight at Piper Jaffray... Ciena (CIEN) downgraded to Sector Perform from Outperform at RBC Capital... Citigroup (C) downgraded to Hold from Buy at Societe Generale... Genesis Energy (GEL) downgraded to Neutral from Buy at Citigroup... JDSU (JDSU) downgraded to Sector Perform from Outperform at RBC Capital... Nestle (NSRGY) downgraded to Neutral from Outperform at Credit Suisse... PG&E (PCG) downgraded to Neutral from Buy at Citigroup... Pinnacle West (PNW) downgraded at BofA/Merrill... Rose Rock Midstream (RRMS) downgraded to Neutral from Buy at Citigroup... Ternium (TX) downgraded to Equal Weight from Overweight at Morgan Stanley.
News For AMBC;HAWK;CIEN;C;GEL;JDSU;NSRGY;PCG;PNW;RRMS;TX From The Last 14 Days
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March 22, 2015
17:10 EDTCCiti shares could rise faster, Barron's says
Citi shares have remained relatively flat and shares could rise a little faster as the company continue to improve, Barron's argues in a follow up article. Reference Link
14:59 EDTNSRGYPinnacle Foods enters bidding for meatless food company Quorn, Telegraph says
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March 20, 2015
16:00 EDTCOptions Update; March 20, 2015
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08:28 EDTNSRGYNestle positive attributes underappreciated, says RBC Capital
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March 19, 2015
16:01 EDTCOptions Update; March 19, 2015
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11:53 EDTCU.S. banks face headwinds in unloading oil loans, WSJ says
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09:06 EDTCCiti Retail Services extends long term consumer relationship with Office Depot
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07:15 EDTCCiti CEO tells shareholders 2015 targets 'within reach,' Reuters reports
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06:06 EDTCCiti files lawsuit over Swiss franc surge, Reuters says
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March 18, 2015
17:28 EDTPCGPG&E embraces new NTSB safety recommendations for natural gas industry
PG&E is embracing the National Transportation Safety Board’s new safety recommendations for the gas pipeline industry. These recommendations were a result of a recent safety study on integrity management of gas transmission pipelines in urban areas completed by the NTSB. PG&E has already completed or is in the process of implementing many of these new safety recommendations. Additionally PG&E has closed nine out of 12 safety recommendations in response to the 2010 pipeline accident in San Bruno. Of the three remaining safety recommendations, the NTSB considers PG&E's progress "open-acceptable response," which means acceptable progress, pending completion.
13:56 EDTCArgentina to bar Citi from exiting custody business, Reuters says
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March 17, 2015
16:00 EDTCOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
14:37 EDTCCiti, Barclays near $800M settelement of forex suit, WSJ says
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12:26 EDTCCitibank to exit custody business in Argentina following ruling, WSJ reports
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10:00 EDTPCGOn The Fly: Analyst Downgrade Summary
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07:15 EDTCCiti price target raised on positive news flow at Deutsche Bank
Deutsche Bank raised its price target for Citi (C) shares to $56 from $54 citing recent positive news flow around the sale of OneMain, the credit card deal with Costco (COST) and last week's stress test results. Deutsche notes the stock still trades at a 6% discount to tangible book. It keeps a Buy rating on Citi.
07:00 EDTPCGPG&E downgraded to Equal Weight from Overweight at Morgan Stanley
March 16, 2015
16:00 EDTCOptions Update; March 16, 2015
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15:26 EDTPCGSpark Energy acquires customer accounts in PG&E Market
Spark Energy (SPKE) announces that it has entered into a purchase and sale agreement with Entrust Energy for the purchase of approximately 33,500 customer contracts in the Pacific Gas and Electric (PCG) natural gas market in Northern California. The purchase price is $2.83M, or approximately $85 per customer. Closing of the transaction is expected in the first two weeks of April.
14:09 EDTCCiti reports February credit loss 2.55% vs. 2.30% last month
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