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Stock Market & Financial Investment News

News Breaks
February 11, 2013
10:14 EDTWFC, NVO, MNRO, TSO, BPL, SSD, VMW, KR, TFX, USB, SWFT, RNST, STR, ATRO, GPK, BBVA, FUL, HTLD, NKE, MRTN, KNX, AOLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AOL (AOL) upgraded to Outperform from Sector Perform at RBC Capital... Astronics (ATRO) upgraded to Buy from Hold at KeyBanc... Banco Bilbao (BBVA) upgraded to Neutral from Underweight at JPMorgan... Graphic Packaging (GPK) upgraded to Buy from Hold at Deutsche Bank... H.B. Fuller (FUL) upgraded to Buy from Hold at Deutsche Bank... Heartland Express (HTLD) upgraded to Buy from Hold at KeyBanc... Knight Transportation (KNX) upgraded to Buy from Hold at KeyBanc... Marten Transport (MRTN) upgraded to Buy from Hold at KeyBanc... Nike (NKE) upgraded to Overweight from Neutral at JPMorgan... Questar (STR) upgraded to Equal Weight from Underweight at Morgan Stanley... Renasant (RNST) upgraded to Outperform from Market Perform at Keefe Bruyette... Swift Transportation (SWFT) upgraded to Buy from Hold at KeyBanc... Novo Nordisk (NVO) upgraded to Buy from Neutral at Nomura... Monro Muffler (MNRO) upgraded to Buy from Neutral at ISI Group... Tesoro (TSO) upgraded to Buy from Neutral at BofA/Merrill... Buckeye Partners (BPL) upgraded to Neutral from Sell at Citigroup... Simpson Manufacturing (SSD) upgraded to Buy from Neutral at DA Davidson... VMware (VMW) upgraded to Overweight from Equal Weight at Evercore... Kroger (KR) upgraded to Neutral from Sell at Goldman... Teleflex (TFX) upgraded to Overweight from Equal Weight at Morgan Stanley... U.S. Bancorp (USB) upgraded to Hold from Sell at Stifel Nicolaus... Wells Fargo (WFC) upgraded to Buy from Hold at Stifel Nicolaus.
News For AOL;ATRO;GPK;BBVA;FUL;HTLD;NKE;MRTN;KNX;STR;RNST;SWFT;NVO;MNRO;TSO;BPL;SSD;VMW;KR;TFX;USB;WFC From The Last 14 Days
Check below for free stories on AOL;ATRO;GPK;BBVA;FUL;HTLD;NKE;MRTN;KNX;STR;RNST;SWFT;NVO;MNRO;TSO;BPL;SSD;VMW;KR;TFX;USB;WFC the last two weeks.
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September 4, 2014
08:54 EDTTSOTesoro sees moderate global economic growth , 2-2.5% US GDP growth
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06:40 EDTUSB, WFCAgencies finalize liquidity rule for large banks
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized a rule yesterday that they said would strengthen the liquidity positions of large financial institutions. The rule will for the first time create a standardized minimum liquidity requirement for large and internationally active banking organizations., according to the agencies. Each institution will be required to hold high quality, liquid assets, or HQLA, such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period, the agencies explained. The ratio of the firm’s liquid assets to its projected net cash outflow is its “liquidity coverage ratio,” or LCR, they said. The LCR will apply to all banking organizations with $250B or more in total consolidated assets or $10B or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10B or more, the agencies reported. The rule also will apply a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50B or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule. The final rule is largely identical to the proposed rule, with a few key adjustments in response to comments from the public, the agencies stated. Those adjustments include changes to the range of corporate debt and equity securities included in HQLA, a phasing-in of daily calculation requirements, a revised approach to address maturity mismatch during a 30-day period, and changes in the stress period, calculation frequency, and implementation timeline for the bank holding companies and savings and loan companies subject to the modified LCR. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
06:33 EDTGPKGraphic Packaging initiated with an Outperform at BMO Capital
Target $14.
06:13 EDTWFCWells Fargo implied volatility of 12 at lower end of index mean range
September 3, 2014
17:05 EDTBPLBuckeye Partners 6.75M share Secondary priced at $80.00
Barclays, Morgan Stanley, UBS, Wells Fargo, JPMorgan and RBC Capital acted as joint book running managers for the offering.
13:02 EDTFULH.B. Fuller acquires ProSpec Construction Products
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10:00 EDTKNXOn The Fly: Analyst Upgrade Summary
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07:42 EDTKNXKnight Transportation upgraded to Overweight from Equal Weight at Stephens
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07:31 EDTAOLDun & Bradstreet names Curtis Brown as CIO
Dun & Bradstreet (DNB) announced the appointment of Curtis Brown to the role of Chief Information Officer, reporting to COO Josh Peirez, effective immediately. Brown, who most recently served as Global Chief Technology Officer at AOL (AOL), assumes global responsibility for Dun & Bradstreet's expanding portfolio of technology, proprietary data and related intellectual property.
07:29 EDTWFC, USBFinal liquidity, swaps margin rules to be unveiled today, Reuters says
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06:34 EDTWFC, USBFBI hasn't found evidence JPMorgan hack hit other big banks, WSJ reports
The FBI hasn't found any evidence to suggest that the recent breach at JPMorgan hit any of the other big U.S. banks, the Wall Street Journal reports, citing four people close to the probe. JPMorgan said it isn't experiencing "unusual amounts of fraud," and, according to two sources, consumers "likely don't face a serious risk." Reference Link
06:06 EDTAOLAOL's Susan Lyne stepping down as brand CEO, Re/code reports
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September 2, 2014
16:10 EDTBPLBuckeye to acquire 80% interest in Corpus Christi, Eagle Ford assets for $860M
Buckeye Partners announced that it has signed a definitive agreement to acquire an 80% interest in a company that will be owned jointly with Trafigura for $860M. The company and its subsidiaries will own and operate a vertically integrated system of midstream assets including a deep-water, high volume marine terminal located on the Corpus Christi Ship Channel, a condensate splitter and LPG storage complex in Corpus Christi, and three crude oil and condensate gathering facilities in the Eagle Ford shale. All of the assets are supported by 7-10 year minimum volume throughput, storage and tolling agreements with Trafigura. This transaction is expected to close later in September. CEO Clark Smith said, "Substantial fee-based cash flows are expected to be generated by this investment as all of the assets are fully contracted under long-term commercial agreements with Trafigura. We expect to achieve a very attractive Adjusted EBITDA investment multiple of approximately 8.5x after the completion of the growth capital projects currently underway, and we expect this investment to be highly accretive to our distributable cash flow per limited partner unit in 2016 and beyond." Buckeye Texas Partners expects to invest approximately $240M-$270M through 1Q16 relating to these growth capital initiatives that we anticipate will be operational over the next 9-18 months. 100% of the cash flows associated with all of these assets are supported by fee-based take-or-pay revenue commitments under 7-10 year commercial agreements with Trafigura.
10:29 EDTNVOHigh option volume stocks
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08:58 EDTAOLVringo preparing to seek further review of Court split decision
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05:18 EDTNVONovo Nordisk discontinues activities within inflammatory disorders
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September 1, 2014
13:23 EDTNVONovo Nordisk launches diabetes drug Ryzodeg in Mexico, Reuters says
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08:38 EDTNKENike counters Under Armour offer, keeps Durant, ESPN reports
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August 31, 2014
14:06 EDTRNSTRaymond James to hold a conference
U.S. Bank Conference to be held in Chicago on September 3.
14:04 EDTNVOWorldwide Business Research to hold a conference
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