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Stock Market & Financial Investment News

News Breaks
January 8, 2014
06:14 EDTCSCO, UAL, DAL, NYT, FRX, IBM, UBS, RBS, JPM, MS, GS, DB, C, BCSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Federal investigators are probing whether a number of Wall Street banks (BCS, C, DB, GS, MS, JPM, RBS, UBS) cheated clients in the years following the financial crisis by deliberately mispricing a type of mortgage bond that was central to the economic turmoil, sources say, the Wall Street Journal reports...Three years after IBM (IBM) began trying to turn its "Jeopardy"-winning computer into a big business, revenue from Watson is far from the company's ambitious targets, the Wall Street Journal reports...REUTERS: Forest Laboratories (FRX) is nearing an agreement to acquire specialty pharmaceutical company Aptalis Holdings from private equity firm TPG Capital for about $3B, sources say, Reuters reports...Chinese tycoon Chen Guangbiao dialed back his ambitious plans to buy The New York Times Co. (NYT) about a week after making his intentions public. Chen, does not hold shares in the Times, nor does he plan to buy any of its common shares, he said, noting that the Times rebuffed a request for a meeting. The company has a market value of $2.3B. Chen thinks its worth $1B, Reuters reports...BLOOMBERG: Delta Air Lines (DAL) and United Airlines (UAL) were forecast to experience fewer canceled flights today as weather warms and schedules begin to return to normal after winter storms erased more than 11,000 flights in four days and marooned millions of fliers, Bloomberg reports...Cisco Systems (CSCO) CEO John Chambers, speaking at the International Consumer Electronics Show, said that the Internet of Everything, connected products ranging from cars to household goods, could be a $19T opportunity, Bloomberg reports.
News For BCS;C;DB;GS;MS;JPM;RBS;UBS;IBM;FRX;NYT;DAL;UAL;CSCO From The Last 14 Days
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October 9, 2014
16:00 EDTCOptions Update; October 9, 2014
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13:52 EDTCAttorney General announces agreement with Citi to return $16M to customers
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13:39 EDTCSCOCisco denies rumors that it will stop investing in VCE JV, The Register reports
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13:37 EDTCSCOCisco may end further investment in VCE JV, CRN reports
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12:38 EDTDALAirplane cleaners initiate demonstration over Ebola concerns, WSJ says
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11:25 EDTCSCOCisco and TCL to set up $80M China cloud joint venture, Reuters reports
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09:38 EDTCActive equity options trading on open
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09:20 EDTUALOn The Fly: Pre-market Movers
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08:21 EDTGSGoldman, Credit Suisse invest in digital surveillance start-up, Bloomberg says
A group of banks, led by Goldman Sachs (GS) and Credit Suisse (CS), invested $24M in Digital Reasoning, a data analytics start-up whose CEO, Tim Estes, said the banks want a way to surveil millions of e-mails, instant messages, and transcripts of calls to spot suspicious behavior "when it happens, not in an investigation three years later. Reference Link
07:52 EDTUALUnited Continental price target raised to $58 from $53 at UBS
UBS raised its price target on United Continental to $58 from $53 following guidance from the company. The firm expects the stock to trade higher on the update and reiterates its Buy rating on United Continental shares.
07:51 EDTUALUnited Continental lowers Q3 capex view to $470M-$490M, maintains FY view
United Continental expects between $470M-$490M of gross capital expenditures in Q3, which is below previous guidance. The difference versus prior guidance is primarily attributable to certain capital expenditures having shifted from Q3 to Q4. There is no impact to full-year 2014 capital expenditure guidance, the company said.
07:49 EDTUALUnited Continental reports Q3 PRASM up 3.5%-4%
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07:24 EDTUALUnited Continental added to U.S. Focus List at Credit Suisse
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06:52 EDTCSCOTechnology producer settles China facility demonstrations, Reuters says
Hon Hai Precision Industry confirmed that it had settled a demonstration which involved close to 1K staff members at its Chongqing plant in China, and noted that manufacturing at the facility was not affected by the strike, according to Reuters, citing a statement from the company. Hon Hai constructs Apple (AAPL) products, as well as HP (HPQ) and Cisco (CSCO) computers and servers. The Chongqing facility isn't listed by Apple as one of its certified suppliers. Reference Link
06:45 EDTJPMBofA finalizes oil financing agreement with PES, Reuters says
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06:40 EDTJPM, CSource of JPMorgan cyberattack still unclear, NY Times says
The source of the cyberattack on JPMorgan (JPM) and other U.S. financial institutions this summer is still unclear, according to The New York Times. The hackers may have tried to hit about a dozen financial institutions , and E-Trade(ETFC) and Fidelity Investments may have been victimized in some way, the newspaper stated, citing an unnamed source who was briefed on the matter. At least five other banks, including Citigroup (C), HSBC (HBC) and Regions Financial (RF), discovered that one of the web addresses used by those who hacked JPMorgan tried to penetrate their systems, The Times quoted unnamed sources briefed on the matter as saying. Publicly traded companies in the space include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:39 EDTJPM, CFidelity attacked by JPMorgan hackers, but no data stolen, FT reports
Fidelity Investments was among 13 financial institutions attacked by hackers who are believed to have been responsible for a breach at JPMorgan Chase, but there is no indication that Fidelity customer data were stolen, the Financial Times reports, citing two sources. Reference Link
06:37 EDTC, JPMJPMorgan hackers linked to 13 other possible breaches, Bloomberg says
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06:35 EDTCCitigroup to return $16M to customers for fees on investment accounts, WSJ says
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06:33 EDTCCitigroup 2015 consensus may be 10% too high, says Deutsche Bank
Deutsche Bank believes the IPO of OneMain, the consumer finance unit within Citi Holdings, and higher expenses create 10% risk to the 2015 consensus estimate of $5.40 for Citigroup. Deutsche says shedding OneMain would lower Citigroup's (C) annual earnings by about 20c. The firm says the bank's Q3 results could top expectations, however, on better than expected currency trading. Deutsche continues to prefer Bank of America (BAC) to Citi, saying its confident consensus estimates for the former are reasonable. It has a Hold rating on Citi and Buy rating on Bank of America.
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