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Stock Market & Financial Investment News

News Breaks
March 21, 2012
06:48 EDTJPM, KMTUY, PTR, ATE, SNEOn 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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November 20, 2014
06:30 EDTJPMSenate panel says banks could influence commodity prices, NY Times says
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November 19, 2014
12:38 EDTJPMSenate Homeland Security & Government Affairs Committee to hold a hearing
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07:51 EDTJPMClearing House Payments Company to hold a conference
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07:37 EDTJPMCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
November 18, 2014
10:34 EDTSNESony climbs after setting long-term targets for movie unit
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09:56 EDTSNEOn The Fly: Analyst Upgrade Summary
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09:01 EDTJPMJPMorgan announces municipal bond agreement with LPL Financial
JPMorgan Chase & Co. (JPM) announced that it has signed an agreement with LPL Financial (LPLA) to provide access to new issue municipal bonds to LPL financial advisors. Under the agreement, LPL will be a preferred retail dealer for J.P. Morgan, further expanding the investment bankís distribution channels for new issue municipal bonds.
06:40 EDTSNESony looking to boost movie entertainment revenue, Reuters reports
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06:39 EDTSNESony to re-evaluate support for free online music, WSJ says
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06:30 EDTSNESony upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Sony to Buy after the company gave Pictures and Music sales targets for FY17 saying it had undervalued management's strategic initiatives.
06:28 EDTSNESony targets FY17 Pictures sales $10B-$11B, Music sales $4.8B-$5.2B
Sony announced its financial targets for the Pictures and Music segments for the fiscal year ending March 31, 2018. For Pictures, Sony targets FY17 sales of $10B-$11B and operating income margin of 7%-8%. For Music, Sony targets FY14 sales of $4.8B-$5.2B and operating margin income 10.5%-11.5%. Sony also announced that it has increased its $250M in targeted overhead and procurement savings in its Pictures segment that it announced in November 2013, by $50 for a total of $300M. Sony expects the annualized savings to be fully implemented by the end of the fiscal year ending March 31, 2016. For FY15, Sony targets Pictures sales of $8.1B and Music sales of $4.8B.
November 17, 2014
10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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10:02 EDTSNEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
November 16, 2014
19:58 EDTSNEJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trustís rights in the Eagle Ford, added Bloomberg. Reference Link
November 14, 2014
09:05 EDTSNENPD says U.S. video game sales down 27% in October, Bloomberg reports
U.S. retail sales of video-game hardware and software in October were nearly flat compared to the same month of last year at $790.7M, according to NPD Group, which noted that game sales fell 27% and hardware sales increased 59%, reported Bloomberg. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Game console makers include Microsoft (MSFT), Sony (SNE) and Nintendo (NTDOY). Reference Link
November 13, 2014
07:38 EDTJPMBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:45 EDTSNEMicrosoft Xbox sales tripled since price cut, CNet reports
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06:17 EDTSNESony unveils PlayStation Vue, a cloud-based TV service
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