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Stock Market & Financial Investment News

News Breaks
December 20, 2012
06:36 EDTTEF, FII, VOD, BLK, NKEOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: BlackRock (BLK) and Federated Investors (FII) may shield their funds from a torrent of money that is expected to flood out of U.S. banks when a federal guarantee lapses on about $1.7T in bank deposits. The worry that cash pouring into the $2.65T money-fund industry will further depress record low yields. They could also close some money-market funds to new investors, sources say, the Wall Street Journal reports...Nike (NKE) locked in a guarantee with Oregon that ensures that the company's state taxes will be calculated in the same way for 30 years, regardless of any changes to state law. Nike will expand its presence in the state, making a capital investment of at least $150M and adding no fewer than 500 new jobs there by 2016, the Wall Street Journal reports...REUTERS: Russiaís President Vladimir Putin dismissed talk that he is suffering from health problems, Reuters reports...BLOOMBERG: Brent crude fell from its highest close in two weeks amid speculation that U.S. budget negotiations faltered. Futures slid as much as 0.6%, ending two days of gains. U.S. crude inventories last week were 15% above the five-year average, Bloomberg reports...In the U.K., Vodafone Group (VOD) and Telefonica SA (TEF) are among seven bidders in an auction for frequencies to carry faster mobile-phone services, Bloomberg reports.
News For BLK;FII;NKE;VOD;TEF From The Last 14 Days
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April 17, 2015
08:31 EDTFIIFederated Investors agrees to transition assets from Reich & Tang funds
Federated Investors announced that they have reached a definitive agreement for Federated to transition shareholder assets from Reich & Tang's money market funds. In connection with the transition, approximately $7B in shareholder accounts from six Reich & Tang money market funds will be transitioned into Federated strategies.The transaction is designed to assist with the orderly liquidation of Reich & Tang's domestic and offshore money market funds. The agreement provides for Federated, Reich & Tang, financial intermediaries and shareholders to work together on a coordinated and cooperative basis to transition the assets in shareholder accounts from the Reich & Tang money market funds to comparable Federated money market funds. Federated is now working with Reich & Tang customers on the transition, which is expected to take place in stages beginning in June and running through July 2015. The transaction and related transition of assets are subject to certain customary approvals and contingencies, such as shareholder consents.
April 16, 2015
05:48 EDTBLKBlackRock reports Q1 AUM up 8%
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05:47 EDTBLKBlackRock reports Q1 long-term net inflows of $70.4B
Flows were positive across all long-term asset classes, client types, regions and investment styles, with active net inflows of $32B and index net inflows of $38B. Reports Q1 Institutional long-term net inflows of $21B. Long-term net inflows were positive across all regions, with net inflows of $47.5B, $17.7B and $5.2B from clients in the Americas, EMEA and Asia-Pacific, respectively. At March 31, 2015, BlackRock managed 62% of its long-term AUM for investors in the Americas and 38% for clients in EMEA and Asia-Pacific.
05:45 EDTBLKBlackRock reports Q1 adjusted EPS $4.89, consensus $4.52
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April 15, 2015
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Tower (AMT) upgraded to Outperform from Neutral at Macquarie... Ameriprise (AMP) upgraded at Morgan Stanley... Builders FirstSource (BLDR) upgraded to Buy from Neutral at Sterne Agee... China Telecom (CHA) upgraded to Outperform from Market Perform at Bernstein... China Unicom (CHU) upgraded to Outperform from Underperform at Bernstein... Discover (DFS) upgraded to Overweight from Neutral at JPMorgan... EV Energy (EVEP) upgraded on asset sale at RBC Capital... GoPro (GPRO) upgraded to Overweight from Neutral at Piper Jaffray... Intel (INTC) upgraded on valuation at RBC Capital... Nike (NKE) upgraded to Overweight from Neutral at Piper Jaffray... Nokia (NOK) upgraded to Market Perform from Underperform at Bernstein... Rice Energy (RICE) upgraded to Buy from Neutral at Goldman... Staples (SPLS) upgraded to Buy from Hold at BB&T... Team (TISI) upgraded to Buy from Hold at BB&T... Ulta Salon (ULTA) upgraded to Overweight from Neutral at Piper Jaffray.
07:49 EDTBLKJPMorgan to hold a conference
Public Finance Transportation & Utility Conference is being held in New York on April 15-16.
April 14, 2015
16:25 EDTNKEPiper upgrades Nike to buy following survey of teens
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16:06 EDTNKENike upgraded to Overweight from Neutral at Piper Jaffray
14:16 EDTBLKBlackRock April volatility elevated at 38 into Q4 and outlook
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08:20 EDTTEFTelefonica may offer rights concessions to get Canal+ deal done, Reuters says
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April 13, 2015
08:32 EDTNKEUnder Armour rises after Spieth brings attention to golf gear
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April 9, 2015
09:18 EDTNKEBofA/Merrill retail analysts hold an analyst/industry conference call
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07:35 EDTFIIFitch Ratings to hold a webcast
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06:41 EDTNKEPiper ups Under Armour target after meeting with Finish Line
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April 8, 2015
07:22 EDTBLKEvercore ISI to hold a conference
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06:29 EDTFIINew players entering repo market, WSJ says
Investors and small firms are filling a vacancy left by banks in the repo market, providing short-term loans to REITs and other borrowers, according to The Wall Street Journal. Invesco Mortgage Capital (IVR) and Invesco LTD (IVZ) are among the companies using these new funding sources, while Federated Investors (FII) has been discussing establishing new trading relationships with large securities holders such as insurance companies, the newspaper stated. Reference Link
April 7, 2015
10:28 EDTVODMavenir announces VoLTE launch with Vodafone Germany
Mavenir Systems (MVNR) announced its VoLTE application solution was launched by Vodafone Germany (VOD), who announced during CEBIT 2015 the first commercially available VoLTE service in the European market. Mavenirís virtualized VoLTE application solution consists of its IMS Telephony Application Server, Application Gateway and Media Resource Function.
06:04 EDTTEFAccenture, Alcatel-Lucent announce four-year agreement with Telefonica
Accenture (ACN) and Alcatel-Lucent (ALU) have announced a four-year agreement with Telefonica (TEF) to deploy Alcatel-Lucent's Motive Customer Experience Management software for Telefonica residential customers in European and Latin American countries. As a result, customers will gain more control over their broadband experience, including self-help tools to reduce calls to customer care and shorten resolution times. Through a combination of Alcatel-Lucent's CEM products and Accenture's systems integration and transformation capabilities, Telefonica will expand the capabilities of its customer care centers.
06:03 EDTBLKBlackRock CEO warns on strong US dollar, Financial Times reports
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April 6, 2015
15:16 EDTBLKBlackRock to consolidate or close certain money-market funds, WSJ says
In a Wall Street Journal interview, BlackRock co-head of global cash management Tom Callahan stated the company will consolidate or close certain money-market funds in order to comply with forthcoming SEC rule changes. The Journal notes that BlackRock will have "closer to 30" money-market funds after the change, as opposed to its current 50. Reference Link

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