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Stock Market & Financial Investment News

News Breaks
March 19, 2014
07:52 EDTBCS, CMEBarclays said to plan index unit sale valued at $400M, Bloomberg says
Barclays (BCS) plans to solicit offers during the next month for its index business which could go for $400M in a sale, according to Bloomberg, citing people with knowledge of the matter. One of the sources said CME Group (CME), which had approached Barclays about buying the Index, Portfolio and Risk Solutions unit last year, is expected to make an offer. Reference Link
News For BCS;CME From The Last 14 Days
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March 30, 2015
07:39 EDTCMECME Group price target raised to $104 from $97 at Jefferies
Jefferies raised its price target for CME Group to $104 after spending time with management and keeps a Buy rating on the name. The firm believes the strong volumes seen year-to-date will persist.
March 27, 2015
09:37 EDTBCSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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06:08 EDTBCSJiayuan.com engages financial advisor, legal counsel to evaluate proposal letter
Jiayuan.com (DATE) announced that the special committee of the company's board has retained Barclays Bank (BCS) as its financial advisor and Davis Polk & Wardwell as its legal counsel in connection with its review and evaluation of the non-binding proposal letter, dated March 3, from Vast Profit Holdings that proposes a "going-private" transaction involving the acquisition of all of the outstanding ordinary shares of the company not already owned by Vast Profit. Paul Hastings LLP is acting as the company's legal counsel. The board cautions the company's shareholders and others considering trading in the company's securities that no decisions have been made by the Special Committee with respect to the company's response to the proposal and there can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will be approved or consummated.
March 25, 2015
18:16 EDTBCSSFX Entertainment CEO Sillerman engages Barclays Capital, Jefferies
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08:58 EDTCMEHouse Agriculture Committee to hold a hearing
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March 19, 2015
11:13 EDTCMECME Group management to meet with Jefferies
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March 18, 2015
07:27 EDTBCSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
07:20 EDTBCSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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07:18 EDTCMEWells Fargo to hold a forum
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March 17, 2015
15:13 EDTCMEGFI Group in talks to sell tech assets to CME Group, Bloomberg reports
CME Group (CME) has held preliminary talks with BGC Partners (BGCP) about buying trading-software units Trayport and Fenics from GFI Group (GFIG), reported Bloomberg, citing people with knowledge of the matter. The assets may be valued at more than $600M, the report noted. GFI Group shares move into positive ground and are now up 0.5% in afternoon trading following the Bloomberg report. Reference Link
15:01 EDTCMECME Group in talks to buy tech assets from GFI Group, Bloomberg says
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14:37 EDTBCSCiti, Barclays near $800M settelement of forex suit, WSJ says
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March 16, 2015
14:08 EDTBCSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include 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
06:12 EDTCMECME Group sent out incorrect copper settlement prices on Friday, WSJ reports
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