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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:18 EDTCME, NDAQ, BCSNASDAQ, CME Group eyes Barclays index division, Bloomberg says
Barclays (BCS) index division is gaining bids from NASDAQ (NDAQ), Bloomberg and CME Group (CME), according to Bloomberg, citing people with knowledge of the matter. One of the sources said that the index unit could go for nearly $1B. Reference Link
News For BCS;NDAQ;CME From The Last 14 Days
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December 19, 2014
14:08 EDTCMEBGC Partners raises all-cash offer to acquire GFI Group to $5.45 per share
BGC Partners (BGCP) announced that it has increased its fully financed, all-cash tender offer to acquire all of the outstanding shares of GFI Group (GFIG) to $5.45 per share. The tender offer is scheduled to expire at 5:00 pm New York City time on January 6, 2015, unless extended. As previously disclosed, the company has also reduced the minimum tender condition to 45% of the outstanding shares of GFI common stock, inclusive of the approximately 13.4% of GFI shares that BGC currently owns. BGC's offer had previously required that at least 50% of GFI's outstanding shares on a fully diluted basis be tendered. The conditions regarding control of GFI's board remain part of the tender offer. BGC's revised offer of $5.45 per share represents a premium of 20c, or approximately 4%, to the $5.25 per share stock and cash transaction announced by CME Group (CME) and GFI on December 2, and a premium of more than 75% to the price of GFI shares on July 29, the last day prior to the announcement of the original CME transaction. BGC believes that its $5.45 all-cash offer is clearly superior to the $5.25 stock and cash offered under the CME transaction and urges GFI shareholders to tender their shares.
December 18, 2014
07:45 EDTBCSBarclays says more funds to be put aside to settle forex claims, Sky reports
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05:16 EDTCMECME Group announces change to daily price limits in CME feeder cattle
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December 16, 2014
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.
07:42 EDTCMECME Group management to meet with UBS
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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 15, 2014
07:35 EDTCMECME Group management to meet with UBS
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December 14, 2014
17:21 EDTNDAQNasdaq announces annual re-ranking of the NASDAQ-100
The NASDAQ OMX Group (NDAQ) announced the results of the annual re-ranking of the NASDAQ-100 (NDX), which will become effective prior to market open on Monday, December 22. The following three companies will be added to the Index: American Airlines Group (AAL), Electronic Arts (EA) and Lam Research (LRCX). As a result of the revision in the index methodology allowing multiple share classes of index participants to be included in the index, the following three securities will also be added to the index: Comcast Corporation Class A Special (CMCSK), Twenty-First Century Fox Class B (FOX) and Liberty Global plc Class C (LBTYK). As a result of the re-ranking, the following three companies will be removed from the Index: Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM).
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
19:35 EDTCMECME Group declares annual variable dividend of $2.00 per share
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December 9, 2014
16:19 EDTNDAQAMD announces move to NASDAQ
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05:55 EDTCMEStocks with implied volatility movement; CME SIRI
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December 8, 2014
10:00 EDTCMEOn The Fly: Analyst Downgrade Summary
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10:00 EDTNDAQOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Antero Resources (AR) upgraded to Buy from Neutral at Citigroup... Apache (APA) upgraded to Buy from Neutral at Citigroup... Applied Materials (AMAT) upgraded to Buy from Hold at Deutsche Bank... Arch Capital (ACGL) upgraded to Outperform from Market Perform at BMO Capital... CU Bancorp (CUNB) upgraded to Buy from Hold at Sandler O'Neill... Calpine (CPN) upgraded to Outperform from Neutral at Macquarie... Commerzbank (CRZBY) upgraded to Market Perform from Underperform at Keefe Bruyette... EastGroup Properties (EGP) upgraded to Neutral from Underperform at Credit Suisse... Enbridge Energy Management (EEQ) upgraded to Equal Weight at Morgan Stanley... Enbridge Energy (EEP) upgraded to Equal Weight from Underweight at Morgan Stanley... GasLog (GLOG) upgraded to Buy from Hold at Stifel... Hoegh LNG (HMLP) upgraded to Buy from Neutral at UBS... Illinois Tool Works (ITW) upgraded to Buy from Accumulate at Global Hunter... LaSalle Hotel (LHO) upgraded at Morgan Stanley... Lufthansa (DLAKY) upgraded to Buy from Neutral at Nomura... NASDAQ (NDAQ) upgraded to Outperform from Market Perform at Keefe Bruyette... Newfield Exploration (NFX) upgraded to Buy from Neutral at Citigroup... Omega Healthcare (OHI) upgraded to Buy from Hold at Jefferies... Orange SA (ORAN) upgraded to Conviction Buy from Neutral at Goldman... SM Energy (SM) upgraded to Outperform from Market Perform at BMO Capital... Southwest (LUV) upgraded at Goldman... TSMC (TSM) upgraded to Buy from Neutral at BofA/Merrill... United Technologies (UTX) upgraded at Bernstein... eBay (EBAY) upgraded to Buy from Hold at Stifel.
06:21 EDTBCSDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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05:59 EDTCMECME Group downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded CME Group (CME) to Market Perform while upgrading NASDAQ (NDAQ) to Outperform.
05:58 EDTNDAQ, CMENASDAQ upgraded to Outperform from Market Perform at Keefe Bruyette
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