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Stock Market & Financial Investment News

News Breaks
June 12, 2013
10:14 EDTWAB, PRU, MPLX, KS, BIIB, USB, ORIG, LM, FIATY, WFC, SNX, MERC, KGC, DFOn the Fly: Downgrade Summary
Biogen (BIIB) downgraded to Neutral from Buy at Citigroup… Dean Foods (DF) downgraded to Market Perform from Outperform at Bernstein… Fiat (FIATY) downgraded to Neutral from Buy at UBS… KapStone (KS) downgraded to Hold from Buy at Deutsche Bank… Kinross Gold (KGC) downgraded to Market Perform from Outperform at Cowen… Legg Mason (LM) downgraded to Sell from Neutral at Goldman… MPLX (MPLX) downgraded to Neutral from Buy at BofA/Merrill… Mercer (MERC) downgraded to Sector Underperformer from Sector Performer at CIBC… Ocean Rig UDW (ORIG) downgraded to Neutral from Outperform at Credit Suisse… Prudential (PRU) downgraded to Outperform from Top Pick at RBC Capital… SYNNEX (SNX) downgraded to Market Perform from Outperform at Raymond James… U.S. Bancorp (USB) downgraded to Underweight from Neutral at Atlantic Equities… Wabtec (WAB) downgraded to Market Perform from Outperform at Raymond James… Wells Fargo (WFC) downgraded to Underweight from Neutral at Atlantic Equities.
News For BIIB;DF;FIATY;KS;KGC;LM;MPLX;MERC;ORIG;PRU;SNX;USB;WAB;WFC From The Last 14 Days
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April 10, 2015
13:31 EDTWFCWells Fargo April volatility elevated into Q1 and outlook
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12:46 EDTWFCOn The Fly: Midday Wrap
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06:38 EDTWFCBlackstone and Wells Fargo confirm acquisition of GE real estate assets
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06:35 EDTWFCGE releases financial details of GE Capital assets sale
Approximately $16B of after-tax charges are expected to be recorded in the first quarter of 2015 in connection with the plan – of which about $12B are non-cash. The charges include taxes on repatriated earnings, asset impairments due to shortened hold periods, and charges on businesses held for sale, including goodwill allocation. GE expects that the earnings impact of the GE Capital exits will be offset by the buyback over the exit period. GE has amended its income maintenance agreement to guarantee all tradable senior and subordinated debt securities and all commercial paper issued or guaranteed by GECC. The guarantee will replace the current income maintenance covenant. GE will maintain substantial liquidity and capital through the transition and does not expect to issue incremental GE Capital long-term debt for at least five years. Commercial paper will be further reduced to approximately $5 billion by the end of 2015.
06:34 EDTWFCGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTWFCBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTWFCBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTWFCGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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April 9, 2015
16:17 EDTWFCOn The Fly: Closing Wrap
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13:38 EDTWFCGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
09:25 EDTBIIBPiper Jaffray pharmaceuticals analysts hold an analyst/industry conference call
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07:27 EDTBIIBBiogen PML death case previously reported, says Deutsche Bank
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07:23 EDTBIIBDoctors report case of fatal PML in patient treated with Tecfidera to NEJM
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April 8, 2015
07:24 EDTBIIBNeurotechnology Industry Organization to hold a conference
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April 7, 2015
11:01 EDTPRUPrudential Real Estate Investors acquires 75% stake in CA shopping center
Prudential Real Estate Investors and DJM Capital Partners announced the formation of a joint venture to own and manage Bella Terra Shopping Center in Huntington Beach, Calif., which DJM Capital Partners has owned and operated since 2005. PREI is the real estate investment management and advisory business of Prudential Financial. As part of the transaction, PREI acquired about a 75% stake in the Class-A, 840,909 square-foot outdoor retail center with an affiliate of DJM Capital Partners retaining about a 25% stake. DJM Capital Partners’ prior partner, an institutional investor advised by Sarofim Realty Advisors, sold its interest to PREI.
10:05 EDTORIGOn The Fly: Analyst Initiation Summary
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07:31 EDTBIIBBiogen to present data on neurological disease therapies at AAN meeting
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07:14 EDTBIIBEyeforpharma to hold a summit
Philadelphia 2015 Commercial Pharma Summit is being held in Philadelphia on April 7-8.
07:10 EDTORIGOcean Rig UDW initiated with an Accumulate at Global Hunter
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April 6, 2015
12:47 EDTWFCWells Fargo April volatility increases into Q1 and outlook
Wells Fargo April call option implied volatility is at 22, May is at 17, June is at 15; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement in the expected release of Q1 results on April 14.
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