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Stock Market & Financial Investment News

News Breaks
April 10, 2012
16:19 EDTJAG, BCS, UNCFF, OPTR, DHR, DB, SNE, VPHM, XRIT, STD, BBYOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower, with the Dow falling over 200 points for the session. Equity futures were quiet in the pre-market trading session leading to a relatively flat open for the broader market. The averages picked up momentum to the downside following the wholesale inventories report for the month of February. The selling picked up in earnest around midday, with the averages eventually tacking on losses of more than 1.5%. The buyers may have been sitting on the sideline waiting to see how the earnings season begins tonight when Alcoa (AA) reports... ECONOMIC EVENTS: In the U.S., the NFIB small business optimism index fell to 92.5 in March. Wholesale inventories rose 0.9% in February, versus analysts' expectations for an increase of 0.5%. In China, an unexpected $5.35B trade surplus was reported for March, as imports rose 5.3% and exports increased 8.9% from a year ago. In Europe, the yield on Spanish 10-year bonds rose to nearly 6% despite the government's plans for additional budget cuts and local media reports in Italy pointed toward its government cutting its 2012 growth forecasts... COMPANY NEWS: Best Buy (BBY) said it came to "a mutual agreement" with CEO Brian Dunn that new leadership was needed, prompting Dunn to resign. Shares initially spiked on the news, then reversed to close down $1.33, or 5.87%, to $21.32... Sony (SNE) cut its outlook for the fourth time in less than a year, more than doubling its projected annual loss to $6.4B. The warning sent its stock tumbling $1.86, or 9.25%, to $18.24... Shares of a number of European banks fell with fears about the debt crisis in Europe coming back to the forefront. Unicredit (UNCFF) sank 6.82%, Banco Santander (STD) dropped 3.85%, Deutsche Bank (DB) declined 3.29%, and Barclays (BCS) slid 5.31%... MAJOR MOVERS: Among the notable gainers were X-Rite Incorporated (XRIT), up $1.54, or 38.50%, to $5.54, on news Danaher (DHR) will acquire the company for $5.55 per share, and Jaguar Mining (JAG), up 57c, or 14.11%, to $4.61, on speculation of a takeover bid after shares of China Shandong Gold, which had previously tried to buy the miner, were halted for trading overseas. Noteworthy losers included ViroPharma (VPHM), down $6.17, or 21.57%, to $22.44, after the FTC opened an investigation into the company and several competitors launched generic versions of its Vancocin drug, and Optimer Pharmaceuticals (OPTR), down $1.37, or 9.99%, to $12.35, following a warning that Q1 revenue will miss consensus... INDICES: The Dow fell 213.66, or 1.65%, to 12,715.93; the Nasdaq dropped 55.86, or 1.83%, to 2,991.22; and the S&P 500 lost 23.61, or 1.71%, to 1,358.59.
News For BBY;SNE;UNCFF;STD;DB;BCS;XRIT;DHR;JAG;VPHM;OPTR From The Last 14 Days
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April 26, 2015
19:32 EDTDBDeutsche Bank to keep 500 German retail branches after overhaul, Reuters says
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19:24 EDTDBDeutsche Bank plans to reduce Postbank stake to sub-50% next year, Reuters says
Deutsche Bank plans to reduce its Postbank holdings next year to sub-50% from 94% by selling shares on the market before reducing its stake to zero in the medium term, reports Reuters, citing a source close to the matter. The German government will monitor any Postbank deal to reduce layoffs at the unit, with deputy SPD parliamentary floor leader Carsten Schneider saying, "We're worried about jobs at Postbank... The policy goal is that it won't be leveled following a sale to an investor." Reference Link
17:45 EDTDBDeutsche Bank profits impacted by EUR1.5B in litigation expenses
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17:43 EDTDBDeutsche Bank reports Q1 net income EUR559M versus EUR1.1B in prior year
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17:05 EDTSNEUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
18:01 EDTDBDeutsche Bank to deconsolidate Postbank, WSJ says
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17:06 EDTDBDeutsche Bank to deconsolidate postbank, Bloomberg says
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10:00 EDTBBYOn The Fly: Analyst Downgrade Summary
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08:23 EDTDBBafin not seen punishing Deutsche Bank with large fine after probe, Reuters says
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06:56 EDTDBSources: Deutsche Bank receives offer for Hua Xia Bank, Reuters reports
According to sources, Deutsche Bank has received "at least one" proposal for its 20% stake in Hua Xia Bank from a Chinese bank, Reuters reports. The German bank is considering selling its stake in Hua Xia, which is valued at around $4.8B, though a deal is not yet within reach, the sources say. Reference Link
06:20 EDTBBYBest Buy downgraded to Neutral from Overweight at JPMorgan
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April 23, 2015
15:37 EDTUNCFFSantander, UniCredit announce merger of asset management units
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11:31 EDTBBYOptions with increasing implied volatility
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08:29 EDTDBDeutsche Bank plans deep investment bank cuts, Postbank spinoff, FT says
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08:21 EDTDBDeutsche Bank to pay $2.5B in interest rate manipulation settlement
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08:21 EDTDBDeutsche Bank to pay $800M to settle CFTC charges of LIBOR, Euribor manipulation
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06:24 EDTDHRNetScout receives clearance for acquisition of Danaher Communications business
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06:18 EDTDHRDanaher sees FY15 adjusted EPS $4.23-$4.33, consensus $4.33
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06:18 EDTDHRDanaher sees Q2 EPS $1.01-$1.05, consensus $1.08
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06:17 EDTDHRDanaher reports Q1 adjusted EPS 93c, consensus 93c
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