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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:07 EDTDELL, GPMCF, NSRGY, BUD, STZ, BNPQYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some major U.S. hedge-fund investors have made billions betting against the yen, exploiting Japan's determination to weaken its currency and boost its economy. George Soros has scored gains of about $1B on the trade since November, sources say. Others include David Einhorn’s Greenlight Capital, Daniel Loeb’s Third Point LLC and Kyle Bass's Hayman Capital Management LP, investors say, the Wall Street Journal reports...A number of banks planned to withdraw from the panel that sets the London interbank offered rate, or Libor, but dropped the idea after the U.K.'s Financial Services Authority warned them against doing so, sources say. The FSA sent letters to some banks, including France's BNP Paribas (BNPQY) and the Netherlands' Rabobank Group, the Wall Street Journal reports...REUTERS: Anheuser-Busch InBev (BUD) revised terms of its $20.1B takeover of Grupo Modelo (GPMCF) to overcome U.S. objections that it would have restricted competition. The company said it agreed to sell Modelo's Piedras Negras brewery next to the U.S. border to Constellation (STZ) and grant it perpetual rights for Corona and other Modelo brands in the U.S., at a cost of $2.9B, Reuters reports...Nestle (NSRGY) expects 2013 to be as challenging as last year as the food group reported weaker-than-expected quarterly sales growth in Asia and the Americas, Reuters reports...BLOOMBERG: Dell (DELL) is scheduling meetings with shareholders to assess their demands for getting its $24.4B buyout done and also preparing a public response to critics of the deal, sources say, Bloomberg reports...U.S. realtors and mortgage bankers hope President Obama’s call for streamlining mortgage rules will lend new momentum to efforts to prevent imposing a strict minimum down payment for home loans, Bloomberg reports.
News For BNPQY;BUD;GPMCF;STZ;NSRGY;DELL From The Last 14 Days
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January 29, 2015
07:22 EDTBUD, BUDAB InBev downgraded to Outperform from Buy at CLSA
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January 28, 2015
16:56 EDTBNPQYFederal judge says FOREX manipulation case to proceed, Reuters reports
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January 27, 2015
12:53 EDTSTZJPMorgan reports 5.6% passive stake in Constellation Brands
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January 26, 2015
07:26 EDTBUDAnheuser-Busch acquires Seattle brewer Elysian Brewing
Anheuser-Busch announced late Friday that it has agreed to purchase Elysian Brewing Company, based in Seattle, Washington. Elysian sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company’s total volume. In addition to the Seattle Airport Way brewery, the acquisition includes the company’s four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR. Anheuser-Busch’s purchase of Elysian is expected to close by the end of the first quarter of 2015. Terms of the agreement were not disclosed.
January 21, 2015
08:18 EDTBNPQYBNP Paribas discussing potential job cuts in January 27 meeting, Reuters says
BNP Paribas will hold an exceptional meeting with its works council on January 27 regarding potential job cuts, reports Reuters, citing French paper Les Echos. The paper cited a union representative, who stated the number of job cuts "should not" exceed 373, while the company's top bankers will see a 50% average cut in bonuses. Reference Link
January 20, 2015
06:51 EDTNSRGYNestle to invest about $140M in Egypt over next few years, Reuters says
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January 16, 2015
10:01 EDTNSRGYOn The Fly: Analyst Downgrade Summary
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05:32 EDTNSRGYNestle downgraded to Neutral from Buy at Natixis
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05:32 EDTNSRGYNestle downgraded to Underperform from Neutral at Exane BNP Paribas
January 15, 2015
10:37 EDTSTZKraft rises after Goldman gets less cautious on food space, ups stock to buy
Shares of Kraft Foods (KRFT) are climbing after Goldman Sachs upgraded the stock to Buy and placed the shares on its Conviction List. WHAT'S NEW: Costs for food makers are declining as commodity prices drop, Goldman Sachs analyst Judy Hong wrote in a note to investors today. Kraft is among the U.S. food companies that benefits the most from lower costs, the analyst stated. Additionally, Kraft's pricing power is one of the strongest in the group and it is heavily exposed to the U.S. economy, the analyst stated. WHAT'S NOTABLE: Hong's upgrade of Kraft was part of a note in which she took a more balanced view of the U.S. consumer staples sector. The analyst upgraded the Food sector to Neutral from Cautious, noting that consumer staples stocks with outsized exposure to the U.S. market should be boosted by strong U.S. growth and more favorable foreign exchange dynamics than their peers. In addition to Kraft, the analyst identified the following stocks as her top picks within the consumer staples sector: Monster Beverage (MNST), Constellation Brands (STZ), Coca-Cola Enterprises (CCE), Keurig Green Mountain (GMCR), Freshpet (FRPT), Mead Johnson (MJN), and Estee Lauder (EL). Goldman also upgraded Hershey (HSY), Dr. Pepper Snapple (DPS), and Clorox (CLX), all to Neutral from Sell, downgraded cigarette maker Philip Morris (PM) to Sell from Neutral and downgraded brewer Molson Coors (TAP) to Neutral from Buy. PRICE ACTION: In early trading, Kraft climbed 3.7% to $65 per share.
09:40 EDTBUDAB InBev's Bud Light Button to offer beer delivery in an hour, WSJ reports
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07:37 EDTSTZConstellation Brands initiated with a Buy at Argus
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