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Stock Market & Financial Investment News

News Breaks
May 15, 2014
11:56 EDTAOL, BCS, CATBarclays trading mistake said to spark U.S. stock swings, Bloomberg says
A trading inaccuracy at Barclays (BCS) sparked split-second swings in many U.S. stocks including AOL (AOL) and Caterpillar (CAT), according to Bloomberg, citing people familiar with the matter. The sources said that the firm moved the prices of some shares two days ago after orders linked to the close of trading were imprecisely entered. One source said that Barclays customers were not affected monetarily by the mistake. Reference Link
News For BCS;AOL;CAT From The Last 14 Days
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December 19, 2014
06:36 EDTCATObama administration to ease many parts of Cuba embargo, NY Times says
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December 18, 2014
11:31 EDTCATCaterpillar sales trends suggest 'muted' 2015 outlook, says Wells Fargo
Wells Fargo says Caterpillar's November retail sales trends were weak with growth trends decelerating from October in all segments. Wells believes weakening demand trends suggest Caterpillar may provide "a muted" outlook for 2015, and the firm stays below consensus with its 2015 expectations. Wells has a Market Perform rating on Caterpillar.
09:47 EDTCATCaterpillar reports retail machines sales down 10% in three months end November
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07:45 EDTBCSBarclays says more funds to be put aside to settle forex claims, Sky reports
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December 17, 2014
13:44 EDTAOLYahoo holders continue push for AOL merger, NY Times reports
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December 16, 2014
09:59 EDTCATOn The Fly: Analyst Downgrade Summary
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08:53 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie
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08:24 EDTCATCaterpillar downgraded to Underperform from Neutral at Macquarie
07:58 EDTBCSBarclays volatility at upper end of 18-month range
Barclays overall option implied volatility of 29 compares to its 26-week average of 26 according to Track Data, suggesting large price movement.
06:35 EDTBCSBank of England says seven of eight banks pass stress test
The Bank of England said that all but one of the eight banks passed its stress test. The one bank, Co-operative, needs to submit a revised plan to strengthen its balance sheet. Royal Bank of Scotland (RBS), Lloyds (LYG) and Co-operative were found to be the most susceptible to a housing crash and spike in unemployment. RBS and Lloyds passed the stress test, however. Both banks need improved capital positions, but have already put in place plans to do so, the central bank's Prudential Regulation Authority stated. Reference Link
December 11, 2014
13:40 EDTBCSEuro zone banks accepted $160B in low interest loans, NY Times says
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10:17 EDTBCSFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) $ 5M; Credit Suisse Securities (CS) $5M; Goldman, Sachs & Co. (CS) $5M; JP Morgan Securities LLC (JPM) $5M; Deutsche Bank Securities Inc. (DB) $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) $4M; Morgan Stanley & Co., LLC (MS) $4M; Wells Fargo Securities, LLC (WFC) $4M; Needham & Company LLC $2.5M. In addition, FINRA found that six of the 10 firms Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
06:40 EDTBCSNY investigating Deutsche Bank, Barclays currency trading, Reuters reports
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December 10, 2014
07:53 EDTAOLUBS to hold a conference
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December 8, 2014
06:21 EDTBCSDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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