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Stock Market & Financial Investment News

News Breaks
February 14, 2013
06:07 EDTBNPQY, DELL, GPMCF, NSRGY, BUD, STZOn 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 Einhornís Greenlight Capital, Daniel Loebís 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 Obamaís 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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May 22, 2015
09:47 EDTBNPQYBNP Paribas reviewing global markets business in U.K., WSJ reports
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May 18, 2015
16:09 EDTBNPQYCnova enters liquidity service agreement with Exane BNP Paribas
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May 15, 2015
12:13 EDTBUDThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
May 13, 2015
19:52 EDTBNPQYHSBC, BNP bid for right to advise Abu Dhabi National Chemicals, Bloomberg says
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May 11, 2015
18:24 EDTSTZConstellation Brands names Jared Fix Chief Marketing Officer for Wine & Spirits
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