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News Breaks | | | | December 5, 2012 | | 06:06 EDT |  | BIG, LMT, C, WFC, BAC, MS, USB, JPM, GS, BA | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The SEC launched an investigation into a $10M stock sale by Big Lots (BIG) CEO Steven Fishman before the company announced news that sank its stock, sources say, the Wall Street Journal reports...U.S. crude-oil production reached its highest level in nearly 15 years in September, thanks in large part to the drilling method known as hydraulic fracturing, said the U.S. Energy Information Administration. Daily production averaged about 6.5M barrels, an increase of 16%, or about 900,000 barrels, over September 2011, the Wall Street Journal reports...REUTERS: The Federal Reserve is set to announce a new round of Treasury bond purchases when it meets next week, avoiding monetary policy tightening to maintain support for the weak U.S. economy amid uncertainty over the looming year-end "fiscal cliff," Reuters reports...The Pentagon approved a plan that will allow the U.S. Air Force to buy up to 36 rocket launches for government satellites from a joint venture of Lockheed Martin (LMT) and Boeing (BA), while opening up to 14 launches to competition from other companies, Reuters reports...BLOOMBERG: The SEC’s move to sanction auditors for blocking investigations at China-based companies, have set a course that jeopardizes the listing of more than 100 stocks from China, Bloomberg reports...Paulson & Co.’s John Paulson, manager of $20B in hedge funds, told investors that the bulk of his losses this year came on bets that the European sovereign-debt crisis would worsen, sources say, Bloomberg reports. | |
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News For BIG;GS;JPM;USB;MS;BAC;WFC;C;LMT;BA From The Last 14 Days Check below for free stories on BIG;GS;JPM;USB;MS;BAC;WFC;C;LMT;BA the last two weeks. |
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| May 24, 2013 | | 12:34 EDT | | BAC | Bank of America seeking buyers for 40 branches, Bloomberg reports
 Subscribe for More Information | | | 08:11 EDT | | LMT | Pentagon estimates Lockheed Martin's F-35 fighter costs decline, Bloomberg says
Subscribe for More Information | | | 05:56 EDT | | GS | Goldman Sachs imposes checks on conflicts to help restore image, Reuters says
Subscribe for More Information | | | May 23, 2013 | | 16:00 EDT |  | C | Options Update; May 23, 2013
Subscribe for More Information | | | 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
Subscribe for More Information | | | 11:56 EDT |  | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. | | | 11:08 EDT | | BA | Boeing reports 107 new orders in weekly update
Subscribe for More Information | | | 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
Subscribe for More Information | | | 07:55 EDT | | BA | Boeing price target raised to $120 from $100 at BofA/Merrill
BofA/Merrill raised Boeing's price target to reflect higher delivery forecasts for the 737 and 787. Shares are Buy rated. | | | 07:12 EDT | | JPM, BAC | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
Subscribe for More Information | | | | 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link | | | 06:29 EDT | | BA, JPM | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 06:08 EDT | | JPM, BAC | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:51 EDT | | BA | China approves commercial service for Boeing 787 Dreamliner, WSJ reports
China's aviation regulator gave approval for Boeing's 787 Dreamliner aircraft to begin commercial service with the nation's airlines, sources say, reports the Wall Street Journal. Reference Link | | | 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | 05:43 EDT | | BA | Boeing price target raised to $120 from $105 at Deutsche Bank
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 16:00 EDT | | C | Options Update; May 22, 2013
Subscribe for More Information | | | 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
Subscribe for More Information | | | 14:29 EDT | | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | |
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