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Stock Market & Financial Investment News

News Breaks
March 13, 2014
04:55 EDTBSAC, BSAC, TX, TX, TV, TV, KOF, KOF, HYPMY, HYPMY, GGB, GGB, EC, EC, CX, CX, BAK, BAK, BBD, BBD, BDORY, BDORY, VIV, VIVCitigroup to host a conference
Latin America Equities Conference is being held in New York on March 13-14.
News For BSAC;BDORY;BBD;BAK;CX;EC;GGB;HYPMY;KOF;TV;TX;VIV From The Last 14 Days
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May 29, 2015
11:09 EDTCXOptions with increasing implied volatility
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May 28, 2015
09:31 EDTBBDBanco Bradesco upgraded to Equal Weight from Underweight at Barclays
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May 27, 2015
10:01 EDTCXOn The Fly: Analyst Upgrade Summary
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06:05 EDTCXCEMEX upgraded to Buy from Neutral at Longbow
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May 26, 2015
08:49 EDTECEcopetrol says efficient barrels main focus of new strategy
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May 20, 2015
10:00 EDTBAKOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Achillion (ACHN) downgraded on valuation at JMP Securities... Ashland (ASH) downgraded to Equal-Weight from Overweight at First Analysis... Bank of Nova Scotia (BNS) downgraded to Underperform from Neutral at BofA/Merrill... Braskem (BAK) downgraded to Neutral from Overweight at JPMorgan... Comerica (CMA) downgraded to Underperform at Baird... Crestwood Midstream (CMLP) downgraded to Neutral from Buy at Ladenburg... Fifth Third (FITB) downgraded to Neutral from Outperform at Baird... Keurig Green Mountain (GMCR) downgraded to Hold from Buy at Argus... Keysight Technologies (KEYS) downgraded to Neutral from Outperform at Baird... Leju (LEJU) downgraded to Underperform from Buy at CLSA... Marrone Bio (MBII) downgraded to Hold from Buy at Jefferies... Southwest (LUV) downgraded to Neutral from Buy at Buckingham... SunTrust (STI) downgraded to Market Perform from Outperform at Keefe Bruyette... Western Alliance (WAL) downgraded to Market Perform from Outperform at Keefe Bruyette.
08:26 EDTBAKBraskem downgraded to Neutral from Overweight at JPMorgan
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May 18, 2015
08:40 EDTTXTernium restated carrying value of Usiminas investment
Ternium has revised its value in use calculation for its investment in Usinas Siderúrgicas de Minas Gerais S.A. -- Usiminas and will restate its financial statements to reduce the carrying amount of the Usiminas investment to $561.8M as of September 30, 2014. As a result of this restatement, the financial statements at December 31, 2014 and March 15, 2015 will also be restated to reflect the lower carrying value of the Usiminas investment. Ternium's cash flows are not affected. These actions follow the conclusion of previously disclosed discussions with the staff of the SEC regarding Staff comments relating to the carrying value of the company's investment in Usiminas under IFRS as of September 30, 2014 and subsequent periods. The Staff had requested information regarding Ternium's value in use calculations and the differences between the value in use carrying amounts and certain fair value indicators, including in particular the purchase price of approximately $4.80 per share which the company paid in October 2014 for the acquisition of 51.4M additional Usiminas ordinary shares from Caixa de Previdência dos Funcionários do Banco do Brazil -- PREVI. In connection with these discussions, the company revised the assumptions used to calculate the carrying value of the Usiminas investment at September 30, 2014 in light of the Staff's comment that the PREVI transaction price provided objective evidence of the value of the Usiminas investment. The restated carrying value as of September 30, 2014 has been revised to reflect a per share value equal to the PREVI transaction price.

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