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Stock Market & Financial Investment News

News Breaks
December 20, 2012
06:36 EDTVOD, BLK, NKE, TEF, FIIOn 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: Russia’s 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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May 23, 2013
05:48 EDTBLKProxy advisers see their power diminish, WSJ reports
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May 22, 2013
11:48 EDTVODVodafone named a long Research Tactical Idea at Morgan Stanley
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08:42 EDTVODVodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird
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07:08 EDTVOD, TEFPhone companies start selling subscriber data, WSJ reports
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06:02 EDTTEF, VODOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports.
May 21, 2013
14:50 EDTNKEWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
11:01 EDTBLKBlackRock buys private equity real estate fund MGPA, Reuters says
BlackRock bought private equity real estate fund MGPA, increasing the firms presence in Asia and Europe says Reuters. Reference Link
10:00 EDTBLKOn The Fly: Analyst Upgrade Summary
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09:33 EDTBLKBloomberg LINK to host a summit
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07:38 EDTVODIPO for Vodafone's India unit unlikely in 2013, Reuters reports
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06:00 EDTBLKBlackRock upgraded to Outperform from Neutral at Macquarie
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05:57 EDTVODVodafone sees FY14 adjusted operating profit 12.0B-12.8B pounds
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05:56 EDTVODVodafone reports FY13 adjusted profit 11.96B pounds vs. 11.53B pounds a year ago
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05:50 EDTVODVodafone to invest $3.15B Verizon dividend on business, WSJ reports
Vodafone Group said it will keep the $3.15B dividend payment it will receive from Verizon Wireless and invest it in its flagging operations in Europe, which weighed heavily on its full-year profit, reports the Wall Street Journal. Reference Link
May 20, 2013
10:11 EDTBLKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel.
07:43 EDTVODVodafone ends relationship with BT, Reuters reports
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05:38 EDTBLKBlackRock downgraded to Market Perform from Outperform at Keefe Bruyette
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May 19, 2013
18:10 EDTTEFFalling prices in European telecom stocks give value to investors, Barron's says
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May 17, 2013
15:12 EDTVODFocus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says
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May 16, 2013
13:53 EDTBLKBlackRock downgraded to Hold from Buy at Gabelli
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