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Stock Market & Financial Investment News

News Breaks
May 27, 2014
18:03 EDTBKBNY Mellon to record $100M charge in Q2 in connection with errors
BNY Mellon disclosed in a regulatory filing that based on recent discussions with tax authorities, the company expects to record a charge of approximately $100M after-tax, or approximately $125M pre-tax, in Q214 in connection with previously disclosed administrative errors relating to certain funds that it manages. The errors relate to questions about the resident status of certain funds, potentially exposing the company to a tax liability related to the fundsí earnings.
News For BK From The Last 14 Days
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May 21, 2015
16:53 EDTBKBNY Mellon sees Q2 pre-tax charge of $50M from FX settlement
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May 15, 2015
17:07 EDTBKTrian Fund gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).
16:32 EDTBKBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
May 13, 2015
07:29 EDTBKUBS to hold a conference
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