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Stock Market & Financial Investment News

News Breaks
June 4, 2014
10:00 EDTANDE, VSI, UA, TER, RXN, REPYY, NWL, DB, CS, CP, CUNB, BRCM, XLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Andersons (ANDE) upgraded to Outperform from Neutral at Macquarie... Broadcom (BRCM) upgraded to Buy from Hold at Drexel Hamilton... CU Bancorp (CUNB) upgraded to Buy from Neutral at DA Davidson... Canadian Pacific (CP) upgraded at BMO Capital... Credit Suisse (CS) upgraded to Conviction Buy from Neutral at Goldman... Deutsche Bank (DB) upgraded to Neutral from Sell at Goldman... Newell Rubbermaid (NWL) upgraded at Morgan Stanley... Repsol (REPYY) upgraded to Equal Weight from Underweight at Morgan Stanley... Rexnord (RXN) upgraded to Overweight from Equalweight at Barclays... Teradyne (TER) upgraded at Craig-Hallum... Under Armour (UA) upgraded to Buy from Hold at Jefferies... Vitamin Shoppe (VSI) upgraded to Neutral from Underperform at BofA/Merrill... XL Group (XL) upgraded at Morgan Stanley.
News For ANDE;BRCM;CUNB;CP;CS;DB;NWL;REPYY;RXN;TER;UA;VSI;XL From The Last 14 Days
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October 21, 2014
13:27 EDTCPCSX comes off intraday high after CP says done exploring merger
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11:49 EDTCPCanadian Pacific concerned about 'fragile' state of Chicago
Canadian Pacific says Chicago is the number one concern.
11:16 EDTCPCanadian Pacific says foreign exchange is a headwind on expense front
Sees seasonal uptick on car maintenance in Q4.
11:13 EDTCPCanadian Pacific sees positive trends in grain sector
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10:01 EDTCSPhoenix Companies partners with Credit Suisse
Phoenix Companies (PNX) announced that it has entered into a partnership with Credit Suisse (CS) to license the CS Tactical Multi Asset Index.
08:31 EDTCSEU fines JPMorgan, UBS, Credit Suisse for cartel on derivatives
The European Commission has found that four international banks, RBS (RBS), UBS (UBS), JP Morgan (JPM) and Credit Suisse (CS), operated a cartel on bid-ask spreads of Swiss franc interest rate derivatives in the European Economic Area. The Commission imposed fines worth a total of EUR 32.36M. RBS received immunity from fines for revealing the existence of the cartel to the Commission. UBS and JPMorgan received reductions of their respective fines for cooperating with the investigation under the Commission's 2006 Leniency Notice. UBS was fined EUR 12.65M, JP Morgan fined EUR 10.53M and Credit Suisse was fined EUR 9.17M.
08:18 EDTCS, DBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large 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). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTCSJPMorgan, UBS, Credit Suisse to be fined by EU over Libor rigging, Reuters says
JPMorgan (JPM), UBS (UBS) and Credit Suisse (CS) will be fined $115M collectively for their roles in rigging Swiss franc Libor rates, with JPMorgan's fine of $89M making up the lion's share of the penalty, said Reuters, citing a person familiar, who added that Royal Bank of Scotland (RBS) would not be penalized for its own role since it alerted the European Commission to the issue. Reference Link
07:38 EDTCPCanadian Pacific reports Q3 EPS C$2.31, consensus C$2.39
Reports Q revenue C$1.67B, consensus C$1.70B.
07:05 EDTBRCMMicrosemi introduced its new RPF technology
Microsemi (MSCC) introduced at the Broadband World Forum, or BBWF, 2014 its new reverse power feed, or RPF, technology, a critical technology for FTTdp and G.fast deployments. G.fast, the new xDSL standard for 1gbps over copper, has a maximum expected range of 250 meters. Microsemi's RPF for DSL applications demonstrated at BBWF, are designed to be used in conjunction with the VDSL2 and G.fast chipsets from Broadcom (BRCM).
06:52 EDTDBCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link
October 20, 2014
14:46 EDTVSIVitamin Shoppe may hire adviser amid pressure for deal, Reuters says
Vitamin Shoppe (VSI), which has been urged by activist shareholders to consider a sale, is speaking to banks and may hire a financial adviser, according to Reuters, citing people familiar with the matter. Note that Reuters previously reported on September 18 that some large Vitamin Shoppe holders have urged the company to consider a sale to rival GNC Holdings (GNC) or to a private equity buyer. That same day, The Financial Times reported that GNC was considering a possible sale after receiving attention from private equity suitors. Following this latest report from Reuters, shares of Vitamin Shoppe are up 6.7% to $45.23 in afternoon trading, while GNC shares are up over 3% to $38.88. Reference Link
14:33 EDTVSIVitamin Shoppe up over 6%, near highs of session
14:21 EDTVSIVitamin Shoppe may appoint adviser as activist pressure continues, Reuters says
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12:16 EDTCPCanadian Pacific still interested in consolidation, says UBS
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09:22 EDTCPOn The Fly: Pre-market Movers
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07:02 EDTCPCanadian Pacific confirms termination of exploratory talks with CSX
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October 17, 2014
09:16 EDTNWLNewell Rubbermaid to acquire bubba brands
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09:02 EDTANDEAndersons purchases two grain companies in Texas
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06:07 EDTCSCredit Suisse names Sitohang Asia Pacific CEO
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