New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 4, 2014
07:09 EDTBCS, BLLBall announces $100M accelerated shares repurchase transaction with Barclays
Ball (BLL) announced that it has agreed to repurchase approximately $100M of its outstanding common stock in a privately negotiated accelerated stock repurchase transaction with Barclays (BCS) Bank, using cash on hand and available borrowings. Subject to certain conditions, the transaction will commence today and reduce Ball's outstanding common stock by a total of approximately 1.8M shares.
News For BLL;BCS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
06:18 EDTBCSBarclays likely to delay forex settlement, FT says
Subscribe for More Information
February 26, 2015
14:01 EDTBCSBarclays to double provision for forex rigging fines, Sky News says
Barclays (BCS), which previously excluded itself from a broader settlement between several banking peers and regulators over alleged manipulation of foreign exchange rates as it worked to secure a binding agreement with all relevant authorities, will more than double its existing provision for forex fines next week, which may indicate that a settlement deal could be announced soon, said Sky News. Barclay took a GBP500M charge during the course of last year in advance of expected forex issue costs, the report noted. Other banks that previously agreed to a settlement included Bank of America (BAC), Citibank (C), HSBC (HSBC), JPMorgan Chase (JPM), RBS (RBS) and UBS (UBS). The report indicates that U.S. regulators have stepped up talks with banks including Barclays and the others involved. Reference Link
February 24, 2015
13:07 EDTBCSEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
06:15 EDTBCSBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
February 19, 2015
14:21 EDTBCSS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
12:45 EDTBLLOn The Fly: Midday Wrap
Subscribe for More Information
08:01 EDTBLLBall Corp. to hold a conference call
Subscribe for More Information
06:04 EDTBCSFCA to investigate investment and corporate banking
Subscribe for More Information
05:49 EDTBLLBall's proposed acquisition of Rexam valued at $8.4B
Subscribe for More Information
05:47 EDTBLLBall Corp. confirms deal to acquire Rexam
The boards of Ball Corp. (BLL) and Rexam (REXMY) announced that they have reached agreement on the terms of a recommended offer for the entire issued and to be issued ordinary share capital of Rexam by Ball UK Acquisition Limited, a wholly-owned subsidiary of Ball. The Offer is to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act. Under the terms of the Offer, Rexam Ordinary Shareholders will be entitled to receive for each Rexam Ordinary Share held 407 pence in cash and 0.04568 of a New Ball share. Ball will provide a Mix and Match Facility, which will allow Rexam Ordinary Shareholders to elect to vary, subject to the availability of offsetting elections, the proportions in which they receive New Ball Shares and cash. In addition, Rexam Ordinary Shareholders will be entitled to the 2014 Final Dividend of 11.9 pence announced by Rexam today, subject to shareholder approval, and to any other dividends declared or paid by Rexam in respect of any completed six-month period ended 30 June or 31 December between the date of this announcement and the date of the day before the Effective Date consistent with Rexam's past practice, provided that such dividends do not exceed the corresponding interim or final dividend paid or declared in respect of 2014. The combination is expected to be accretive to earnings per share within the first full year of completion and is in line with Ball's strategy to increase Economic Value Added dollars or returns greater than its weighted average cost of capital on its larger average invested capital base. The combination is expected to foster meaningful EVA dollar growth over the medium term. The Ball Board has approved the Offer and intends to recommend unanimously that Ball Shareholders vote in favour of the Offer. The receipt of competition authority clearances in the E.U. and U.S. is a Pre-Condition to the Offer. In addition, Ball and Rexam have agreed that the absence of a requirement to make material divestitures in the E.U. and the U.S. on a combined basis is a Condition of the Offer. It is expected that the Scheme Document will be posted to Rexam Shareholders shortly after the satisfaction or waiver of the Pre-Condition. The Offer is expected to complete in the first half of 2016.
February 18, 2015
13:04 EDTBLLBall Corp. near deal to acquire Rexam, WSJ reports
Ball Corp. (BLL) is close to acquiring Rexam (REXMY) in a deal that could be announced this week, Wall Street Journal reports, citing people familiar with the matter. The companies confirmed earlier this month that they were in merger talks. A combination would create the largest beverage-can maker in the world. Peers of Ball include Crown Holdings (CCK), Owens-Illinois (OI) and Silgan Holdings (SLGN). Reference Link
12:44 EDTBLLBall Corp. near deal to acquire Rexam, Dow reports
Subscribe for More Information
February 13, 2015
18:01 EDTBCSBarclays bid to dismiss NY 'dark pool' lawsuit rejected, Reuters says
A New York judge rejected Barclays bid to dismiss state Attorney General Eric Schneiderman's lawsuit that claimed it defrauded clients about high-speed trading in its private "dark pool" trading platform, Reuters reports. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use