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Stock Market & Financial Investment News

News Breaks
March 21, 2012
06:48 EDTSNE, JPM, KMTUY, PTR, ATEOn The Fly: Asian News Wrap-Up
Asian stocks were mixed, as the Japanese market began to cool and investors remained worried about slowing growth in China. JAPAN: The Nikkei 225 declined 0.6% to 10,086.49. Construction machinery maker Komatsu (KMTUY) dropped 3.4%, while Sony (SNE) slid 4.5% and memory chip tester Advantest (ATE) jumped 5.8%. CHINA: The Shanghai Composite Index inched forward 0.1% to 2,378.20. Aluminum Corp. of China soared 10%, while China Cosco Holdings rose 2.9% and PetroChina (PTR) declined 1.1%. AROUND ASIA: Hong Kong's Hang Seng Index dropped 0.15%, India's Sensex jumped 1.65%, and South Korea's Kospi fell 0.73%...New York-based alternative trading-venue operator Instinet, along with JPMorgan Chase (JPM), have decided to link their Asia-Pacific dark pools, giving clients access to each others' platforms in countries like Australia, Hong Kong, and Japan...Hong Kong ranked above countries like the Netherlands and U.S. as the best place to conduct business, according to data compiled by Bloomberg.
News For ATE;KMTUY;SNE;PTR;JPM From The Last 14 Days
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December 10, 2014
12:24 EDTJPMOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
11:03 EDTJPMJPMorgan drops 2% after CFO talks down Q4 numbers
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10:00 EDTPTROn The Fly: Analyst Downgrade Summary
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06:17 EDTJPMJPMorgan faces $22B capital hole under new Fed rules, Financial Times says
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05:44 EDTPTRPetroChina downgraded to Hold from Buy at Jefferies
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December 9, 2014
14:57 EDTJPMFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTJPMFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. 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).
December 8, 2014
18:19 EDTSNESony hacker releases additional private data, issues threat, Re/code says
Guardians of Peace, the hacker group claiming responsibility for the attack against Sony Pictures Entertainment, released an additional trove of private data and issued threats against the studio, according to Re/code. Reference Link
09:21 EDTSNESony Pictures called the cyberattack 'unprecedented in nature', Re/code reports
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06:35 EDTJPMValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:24 EDTSNENorth Korea denies role in recent Sony hacking, WSJ reports
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06:21 EDTJPMDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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06:17 EDTSNESony PlayStation store may have suffered possible cyberattack, AP reports
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December 5, 2014
10:35 EDTJPMJPMorgan hits fresh 52-week high, levels to watch
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10:10 EDTJPMJPMorgan CEO Jamie Dimon seeing no evidence of cancer after treatment, CNBC says
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10:00 EDTPTROn The Fly: Analyst Downgrade Summary
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08:24 EDTPTRPetroChina downgraded at Nomura
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06:44 EDTSNESony likely to reduce employee pay in 2015, Reuters reports
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06:19 EDTSNESony security breach exposed personal data of Hollywood employees, WSJ reports
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05:58 EDTSNESymantec: Malware in Sony attack linked to South Korean incidents
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