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Stock Market & Financial Investment News

News Breaks
April 3, 2014
10:00 EDTLNG, BRCM, EXR, USG, VVUS, NNN, DB, CSX, BBT, TU, USB, SJR, OESX, MCS, C, CF, FRC, LVLT, LQDT, NSC, GKOn The Fly: Analyst Downgrade Summary
BB&T (BBT) downgraded to Outperform from Strong Buy at Raymond James... Broadcom (BRCM) downgraded to Neutral from Overweight at Piper Jaffray... CF Industries (CF) downgraded to Neutral from Buy at Citigroup... CSX (CSX) downgraded to Equalweight from Overweight at Barclays... Cheniere Energy (LNG) downgraded to Neutral from Outperform at Credit Suisse... Citigroup (C) downgraded to Neutral from Buy at Sterne Agee... Deutsche Bank (DB) downgraded to Neutral from Overweight at JPMorgan... G&K Services (GK) downgraded to Neutral from Outperform at RW Baird... Marcus (MCS) downgraded to Neutral from Buy at B. Riley... National Retail Properties (NNN) downgraded to Sell from Neutral at UBS... Norfolk Southern (NSC) downgraded to Neutral from Overweight at Atlantic Equities... Orion Energy (OESX) downgraded to Hold from Buy at Ascendiant... VIVUS (VVUS) downgraded to Underweight from Neutral at Piper Jaffray... Liquidity Services (LQDT) downgraded to Neutral from Outperform at RW Baird... Shaw Communications (SJR) downgraded to Sector Performer from Outperformer at CIBC... USG (USG) downgraded to Neutral from Outperform at Macquarie... Level 3 (LVLT) downgraded to Hold from Buy at Gabelli... U.S. Bancorp (USB) downgraded to Neutral from Conviction Buy at Goldman... Extra Space Storage (EXR) downgraded to Buy from Conviction Buy at Goldman... First Republic Bank (FRC) downgraded to Buy from Conviction Buy at Goldman... TELUS (TU) downgraded to Neutral from Outperform at Macquarie.
News For BBT;BRCM;CF;CSX;LNG;C;DB;GK;MCS;NNN;NSC;OESX;VVUS;LQDT;SJR;USG;LVLT;USB;EXR;FRC;TU From The Last 14 Days
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November 12, 2014
07:02 EDTBBTBB&T to acquire Susquehanna Bancshares for approximately $2.5B
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06:12 EDTCCFTC fines five banks $1.4B for manipulation of FX benchmark rates
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06:05 EDTCFCA fines five banks $1.7B over FX trading operations
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November 11, 2014
14:30 EDTCBanks to be hit with billions in fines for currency manipulation, Telegraph says
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14:29 EDTCFCF Industries higher after CEO buys shares
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09:39 EDTMCSMarcus management to meet with Benchmark
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09:37 EDTCActive equity options trading
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09:05 EDTNNNNational Retail Properties 4.75M share Secondary priced at $38.16
The deal size was increased to 4.75M shares from 4M shares and priced between the $37.96-$38.36 range. BofA/Merrill, Wells Fargo and Morgan Stanley acted as joint book running managers for the offering.
08:27 EDTLNGCheniere to issue $1B convertible PIK notes related to Corpus Christi project
Cheniere Energy announced that it has entered into a Subscription Agreement with RRJ Capital II, under which investment funds managed by RRJ will purchase, in aggregate, $1B of unsecured convertible PIK notes issued by Cheniere. RRJ will have the right to transfer a portion of the convertible notes to Temasek Holdings and its affiliates. Proceeds from the convertible notes will be used to fund a portion of the costs of developing, constructing and placing into service the Corpus Christi liquefaction project, which is being designed for up to three trains with an expected aggregate annual production capacity of approximately 13.5 mtpa, related pipeline infrastructure, and general corporate purposes. The convertible notes will have a maturity of six and a half years, and accrue interest at a rate of 4.875% per annum, which is payable in kind by increasing the principal amount of the convertible notes outstanding. The notes will be convertible into the common stock of Cheniere at an initial conversion price of $93.64, which represents 130% of the closing price of the common stock of Cheniere on Monday, November 10, 2014. Closing is expected to occur November 28, 2014 subject to customary closing conditions. Concurrently with closing, Cheniere will have entered into an indenture pursuant to which the Notes will be issued.
08:26 EDTLNGCheniere Energy to obtain $1.5B in financing from EIG for Corpus Christi project
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07:14 EDTCJudge allows Citigroup to process next Argentina bond payout, Reuters reports
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November 10, 2014
16:04 EDTNNNNational Retail Properties files to sell 4M shares of common stock
BofA Merrill Lynch, Wells Fargo Securities and Morgan Stanley will act as joint book-running managers for the offering. Citigroup, RBC Capital Markets and Raymond James are acting as co-lead managers for the offering. Stifel, BB&T Capital Markets, Capital One Securities, PNC Capital Markets LLC, SunTrust Robinson Humphrey and Piper Jaffray are acting as senior co-managers for the offering. Finally, Baird, FBR and Ladenburg Thalmann are acting as co-managers for the offering. The Company intends to use the net proceeds from this offering to repay outstanding indebtedness under its credit facility. In addition, the Company intends to use the remainder of the net proceeds from this offering, if any, to fund future property acquisitions and for general corporate purposes.
15:51 EDTCFMorgan Stanley to hold a conference
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12:07 EDTCFUSDA lowers corn production forecast by 68M bushels
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10:04 EDTNSCOn The Fly: Analyst Upgrade Summary
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07:37 EDTNSCNorfolk Southern upgraded to Overweight from Equal Weight at Morgan Stanley
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06:53 EDTUSBBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTC, DB, USBRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:37 EDTCSumitomo Mitsui in lead for Citigroup's Japan retail operations, WSJ reports
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06:18 EDTCUBS to settle misconduct allegations at precious metals trading unit, FT reports
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