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Stock Market & Financial Investment News

News Breaks
January 3, 2013
10:00 EDTFDO, WAT, AFL, GEVA, LYB, CY, AOS, CCO, WLP, SBAC, LSI, BIIB, STI, UNH, MS, ALTR, AMDOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A.O. Smith (AOS) downgraded to Neutral from Buy at Janney Capital... AMD (AMD) downgraded to Underweight from Equal Weight at Barclays... Altera (ALTR) downgraded to Equal Weight from Overweight at Barclays... Biogen (BIIB) downgraded to Neutral from Overweight at Piper Jaffray... Cypress Semiconductor (CY) downgraded to Equal Weight from Overweight at Barclays... LSI Corp. (LSI) downgraded to Equal Weight from Overweight at Barclays... LyondellBasell (LYB) downgraded to Neutral from Buy at Citigroup... Morgan Stanley (MS) downgraded to Reduce from Neutral at SunTrust... SBA Communications (SBAC) downgraded to Neutral from Outperform at Macquarie... Synageva (GEVA) downgraded to Neutral from Overweight at Piper Jaffray... UnitedHealth (UNH) downgraded to Hold from Buy at Deutsche Bank... Wellpoint (WLP) downgraded to Hold from Buy at Deutsche Bank... Aflac (AFL) downgraded to Neutral from Overweight at JPMorgan... SunTrust (STI) downgraded to Market Perform from Outperform at Raymond James... Clear Channel Outdoor (CCO) downgraded to Underperform from Neutral at Wedbush... Waters (WAT) downgraded to Market Perform from Outperform at Leerink... Family Dollar (FDO) downgraded to Market Perform from Outperform at Raymond James.
News For AOS;AMD;BIIB;CY;ALTR;LSI;LYB;MS;SBAC;GEVA;UNH;WLP;AFL;STI;CCO;WAT;FDO From The Last 14 Days
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February 20, 2015
06:06 EDTLYBGeneral Motors names Craig Glidden as new general counsel
General Motors (GM) announced yesterday that Craig B. Glidden has been appointed executive VP and general counsel, effective March 1. Glidden will lead a team of staff attorneys who are integrated into all of GM’s regional and functional teams in more than 30 countries. Glidden succeeds Michael Millikin, who is retiring in July after a nearly four-decade legal career, including five years as GM’s general counsel. Before joining GM, Glidden was executive VP and chief legal officer for LyondellBasell Industries (LYB).
February 19, 2015
18:25 EDTBIIBPiper Jaffray biotech analyst to hold analyst/industry conference call
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14:08 EDTBIIBBiogen consortium identifies new ALS gene and signaling pathways
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09:31 EDTLYBLyondellBasell appoints Jeffrey Kaplan as Chief Legal Officer
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07:05 EDTCCOClear Channel Outdoor reports Q4 OIBDAN up 8%
Reports Q3 revenue $802M, consensus $803.47M. After adjusting for the movements in foreign exchange, the company’s OIBDAN was up 8% compared to the same period in 2013. On a reported basis, OIBDAN was up 5% to $234M for Q4 compared to the same period in 2013. The company’s consolidated net income totaled $43M in Q4 compared to $13M in the same period of 2013.
06:47 EDTMSReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:28 EDTMSAuthorities investigating possible hack in Morgan Stanley leak, WSJ says
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February 18, 2015
07:36 EDTGEVASynageva European Patent issued for treatment of LAL deficiency
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07:21 EDTMSJPMorgan, Citi top government report of riskiest banks, Reuters reports
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07:13 EDTLYBLyondellBasell declares interim dividend of 70c
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06:56 EDTUNH, WLPObamacare enrollment exceeded goal, Politico reports
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February 17, 2015
18:06 EDTFDOPaulson & Co gives quarterly update on stakes
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17:13 EDTLYBPoint72 gives quarterly update on stakes
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17:02 EDTLYBSoros Fund Management gives quarterly update on stakes
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10:00 EDTLYBOn The Fly: Analyst Downgrade Summary
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07:22 EDTALTRMitsubishi UFJ to hold a tour
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06:07 EDTLYBLyondellBasell downgraded to Neutral from Buy at Citigroup
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February 13, 2015
10:00 EDTLYBOn The Fly: Analyst Downgrade Summary
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08:19 EDTBIIBAckman noncommittal on McDonald's rumors, Bloomberg reports
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07:04 EDTLYBLyondellBasell downgraded to Hold from Buy at Deutsche Bank
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