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Stock Market & Financial Investment News

News Breaks
March 19, 2014
10:17 EDTEPL, WD, IO, LFL, BANC, SUSS, HSBC, GGS, YGE, OWW, AVOn The Fly: Analyst Downgrade Summary
Aviva (AV) downgraded to Underperform from Neutral at Exane BNP Paribas... HSBC (HSBC) downgraded to Underperform from Outperform at Credit Suisse... ION Geophysical (IO) downgraded to Equal Weight from Overweight at Barclays... Orbitz (OWW) downgraded to Sell from Neutral at Goldman... Susser Holdings (SUSS) downgraded to Market Perform from Outperform at Raymond James... Walker & Dunlop (WD) downgraded to Market Perform from Outperform at Keefe Bruyette... Yingli Green Energy (YGE) downgraded to Neutral from Buy at BofA/Merrill... Banc of California (BANC) downgraded to Neutral from Buy at DA Davidson... EPL Oil & Gas (EPL) downgraded to Hold from Buy at KLR Group... Global Geophysical (GGS) downgraded to Market Perform from Outperform at Barrington... LATAM Airlines (LFL) downgraded to Outperform from Strong Buy at Raymond James.
News For AV;HSBC;IO;OWW;SUSS;WD;YGE;BANC;EPL;GGS;LFL From The Last 14 Days
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July 7, 2015
05:42 EDTHSBCHSBC fires staff involved in making mock ISIS execution video, Fortune reports
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July 6, 2015
18:26 EDTBANCAmericas United Bank to acquire two Banc of California branches
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July 2, 2015
14:47 EDTIOION Geophysical announces ruling on WesternGeco patent infringement suit
ION Geophysical announced that on July 2, a panel of justices on the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. reversed in part and affirmed in part the patent infringement judgment against ION in favor of WesternGeco granted by the United States District Court for the Southern District of Texas in May 2014. As previously disclosed by the Company, WesternGeco filed the lawsuit, styled WesternGeco L.L.C. v. ION Geophysical Corporation, in June 2009, alleging that ION's DigiFIN lateral streamer control system infringed numerous method and apparatus claims contained in patents held by WesternGeco U.S. for marine seismic streamer steering devices. In May 2014, the United States District Court entered final judgment in favor of WesternGeco and ordered ION to pay $123.8M in damages, prejudgment interest and costs to WesternGeco, plus post-judgment interest. ION appealed the judgment to the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. On July 2, the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. reversed in part the judgment, holding the district court erred by including lost profits in the final judgment. Lost profits were $93.4M and prejudgment interest was approximately $10.9M of the $123.8M final judgment. Pre-judgment interest on the lost profits portion of the final judgment will be treated in the same way as the lost profits. Post-judgment interest will likewise be treated in the same fashion. The opinion is not a final judgment of the Court of Appeals until the mandate issues and could be subject to further proceedings. Brian Hanson, ION President and CEO, commented, "We are pleased with the decision of the Court of Appeals to reverse the decision of the trial court on lost profits, and ION will continue to vigorously defend its rights. We are confident that when the mandate of the Federal Circuit issues, ION will have a substantial reduction of the May 2014 judgment, leaving an estimated judgment of only $20-24 million."
12:22 EDTHSBCBrazil investigates banks for exchange rate manipulation
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10:47 EDTHSBCING set to win bidding war for HSBC’s Turkish unit, Reuters reports
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July 1, 2015
07:30 EDTYGEDrop is Solar stocks a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Vishal Shah attributes the recent weakness in the Solar space to investor concerns around increased interest rate and growth uncertainty, especially of YieldCos. Shah, however, views YieldCos as a significant growth catalyst for the solar and broader renewables sector. The analyst expects the current weakness to provide an attractive entry point for longer term investors. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
June 30, 2015
10:00 EDTHSBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Abercrombie & Fitch (ANF) downgraded to Market Perform from Outperform at FBR Capital... Apollo Education (APOL) downgraded on enrollment uncertainty at BofA/Merrill... Flagstar Bancorp (FBC) downgraded to Hold from Buy at Sandler O'Neill... Global Brass and Copper (BRSS) downgraded to Hold from Buy at BB&T... HSBC (HSBC) downgraded to Neutral from Buy at Goldman... Herman Miller (MLHR) downgraded to Neutral at Longbow... NiSource (NI) downgraded on valuation, post spinoff outlook at Argus... Sysco (SYY) downgraded to Hold from Buy at Deutsche Bank... TCF Financial (TCB) downgraded to Hold from Buy at Sandler O'Neill.
07:37 EDTYGEYingli Green Energy completes bond financing $3.2M for solar project
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June 29, 2015
19:23 EDTHSBCHSBC downgraded to Neutral from Buy at Goldman
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June 28, 2015
19:04 EDTHSBCHSBC, Markit end marketing relationship, Reuters says
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June 26, 2015
07:55 EDTHSBCHSBC hires Lilia Karboub to trade derivatives indexes in London, Bloomberg says
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June 24, 2015
07:35 EDTYGEYingli Green Energy to supply 40 MW of solar panels to Honduras' Sybac Solar
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07:03 EDTOWWOrbitz offers complimentary TSA PreCheck for top tier rewards members
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