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Stock Market & Financial Investment News

News Breaks
January 11, 2013
14:39 EDTFB, AA, BA, WFCMarket set to finish week higher as China trade data lifts shares
Stocks are set to finish slightly higher for the week after stronger than expected Chinese trade data made investors more optimistic about the outlook for the global economy... MACRO NEWS: China reported that its imports and exports for December increased more than expected. Inflation in China, however, also rose more than expected last month, leading to concerns that increasing prices may limit the government's ability to stimulate the economy... Here in the U.S. new jobless claims were slightly higher than expected... President Obama nominated Jack Lew, his current chief of staff, as Treasury secretary. A former budget director and longtime civil servant, Lew's nomination was criticized by some Republicans... COMPANY NEWS: Boeing (BA) and the FAA launched a joint review of the company's 787 aircraft after several of the planes experienced problems this week... Facebook's (FB) stock rallied after the company on Wednesday issued invitations to journalists for a press conference next week. The company didn't disclose what it plans to announce at the press conference, but some on the Street speculated that the company could unveil a smartphone or an improved search engine... Wells Fargo (WFC) announced slightly stronger than expected Q4 results but shares declined following its report... Alcoa (AA) reported in-line fourth quarter EPS, but higher than expected revenue. The company also said that it expects global aluminum demand to jump 7% in 2013.
News For BA;FB;WFC;AA From The Last 14 Days
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November 17, 2014
14:56 EDTFBFacebook reports solid October engagement data, says JPMorgan
12:42 EDTFBProfessional network operators slide following report on 'Facebook at Work'
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09:36 EDTFBActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
06:30 EDTFBFacebook says reducing 'overly promotional' page posts in news feed
Facebook said on Friday that "Our goal with News Feed has always been to show people the things they want to see. That’s why we often look to people on Facebook to tell us how we can improve. As part of an ongoing survey we asked hundreds of thousands of people how they feel about the content in their News Feeds. People told us they wanted to see more stories from friends and Pages they care about, and less promotional content. What we discovered is that a lot of the content people see as too promotional is posts from Pages they like, rather than ads. This may seem counterintuitive but it actually makes sense: News Feed has controls for the number of ads a person sees and for the quality of those ads, but those same controls haven’t been as closely monitored for promotional Page posts. Now we’re bringing new volume and content controls for promotional posts, so people see more of what they want from Pages.... Beginning in January 2015, people will see less of this type of content in their News Feeds. This change will not increase the number of ads people see in their News Feeds. The idea is to increase the relevance and quality of the overall stories – including Page posts – people see in their News Feeds. This change is about giving people the best Facebook experience possible and being responsive to what they have told us. While Pages that post a lot of the content we mention above will see a significant decrease in distribution, the majority of Pages will not be impacted by this change." Reference Link
06:23 EDTFBFacebook working on 'Facebook at Work' website, FT reports
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05:12 EDTBABoeing signs agreement with Toray Industries for 777X wing composites
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November 14, 2014
17:07 EDTFBSoros Fund Management gives quarterly update on stakes
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16:01 EDTAA, FBOptions Update; November 14, 2014
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07:32 EDTFBHayman Capital gives quarterly update on stakes
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06:24 EDTFBFacebook implied volatility of 27 at lower end of index mean range
November 13, 2014
17:35 EDTWFCOcwen unit signs mutual termination agreement with Wells Fargo
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17:32 EDTWFCWells Fargo, Ocwen agree to cancel sale of mortgage servicing rights
Wells Fargo & Co. (WFC) announced that its subsidiary, Wells Fargo Bank, N.A., and Ocwen Loan Servicing have mutually decided to cancel a previously announced sale to Ocwen of certain Wells Fargo residential mortgage servicing rights. Cancelation of the transaction is not expected to be material to Wells Fargo’s consolidated financial results.
16:03 EDTFBOptions Update; November 13, 2014
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12:53 EDTWFCWells Fargo sees Q4 mortgage originations to decline from Q3
Expects Q4 mortgage originations to decline from Q3, reflecting normal seasonality in purchase market, while gain on sale margin is expected to remain within range of last four quarters. Expects to operate within targeted efficiency ratio range of 55%-59% in Q4. Wells Fargo said that while there is potential for continued net interest margin pressure, focus remains on growing net interest income over time. The comapny said it expects future reserve releases absent signification deterioration in the economy, but expect a lower level of future releases as the rate of improvement in credit loans and loan portfolio grows. Expects share count to continue to decline in Q4 as result of anticipated net share repurchases. Says mortgage business profitable and very pleased with that segment. Comments taken from slides for presentation at Bank of America Merrill Lynch Banking and Financial Services Conference.
12:52 EDTBABoeing reports 90 new orders since last update
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11:22 EDTFBDan Niles says looking to short more of Twitter
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10:05 EDTFBFacebook quietly launches Yelp rival, TNW reports
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08:33 EDTWFCWells Fargo sells federal student loans to Navient
Wells Fargo & Co. (WFC) Education Financial Services announced that Navient (NAVI) will purchase a principal balance of $8.5B of Federal Family Education Loan Program loans, which are included in Wells Fargo’s held-for-sale loan portfolio. Due to a change in federal law, Wells Fargo has not issued federal student loans since June 30, 2010. This sale supports Wells Fargo’s ongoing strategic focus on its private student lending business. “By selling these FFELP loans to Navient, Wells Fargo will be in a position to focus more on meeting the needs of our private student loan customers,” said John Rasmussen, head of Wells Fargo’s Education Financial Services. “We are deeply committed to the private student loan business because next to purchasing a home or saving for retirement, paying for an education is one of the most important financial events for our customers.” ). The sale is expected to close in a series of transactions, substantially all of which are expected to be completed in fourth quarter 2014, subject to customary closing conditions. Terms of the transaction were not disclosed and the sale is not material to Wells Fargo.
07:38 EDTFBBloomberg 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,
07:12 EDTBAOracle to hold a meeting
2014 OAGi Plenary Meeting is being held in Redwood City, California on November 13-14.
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