News Breaks |
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| January 4, 2013 |
| 05:53 EDT |  | BK, STT | BNY Mellon downgraded to Neutral from Buy at Citigroup
Citigroup downgraded BNY Mellon (BNY) citing valuation and concerns the company's Q4 results could miss expectations. Citi recommends rotating into shares of State Street (STT) and keeps a $27 price target on BNY Mellon. |
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News For BK;STT From The Last 14 Days Check below for free stories on BK;STT the last two weeks. |
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| May 22, 2013 |
| 06:01 EDT |  | BK | BNY Mellon plans to increase Wealth Management sales force by 50%
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| May 15, 2013 |
| 17:38 EDT | | STT | Trian Fund gives quarterly update on stakes
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| 16:55 EDT | | BK | Berkshire Hathaway gives quarterly update on stakes
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| May 13, 2013 |
| 06:12 EDT |  | BK | BNY Mellon appeals ruling on Chesapeake’s early $1.3B bond call, Bloomberg says
Bank of New York Mellon (BK) is appealing a ruling allowing Chesapeake Energy (CHK) to proceed today with redeeming $1.3B in bonds six years early at 100 cents on the dollar, reports Bloomberg. A notice of the appeal was filed May 11 in federal court in Manhattan.Reference Link |
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| May 8, 2013 |
| 14:09 EDT | | BK | Chesapeake confirms favorable ruling in bond litigation
Chesapeake Energy (CHK) announced that the United States District Court for the Southern District of New York has ruled in Chesapeake’s favor, enabling the company to redeem its $1.3B of 6.775% Senior Notes due 2019 at par pursuant to the Special Early Redemption provision of the Notes. The company initiated its legal action on March 8, against the trustee for the Notes, The Bank of New York Mellon (BK). Chesapeake said will proceed with its Special Early Redemption of the Notes, with payment expected to be made on May 13, adding, “We are pleased that the Court has ruled in Chesapeake’s favor. We expect the refinancing of the Notes to save the Company more than $100M in interest payments.” |
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| 12:48 EDT | | BK | Chesapeake wins bond suit against BNY Mellon, Reuters reports
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