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Stock Market & Financial Investment News

News For C;BA;BAC;BLK;NUS;KSWS;CBS;CLSN;WSM;PWER;AB From The Last 14 Days
Check below for free stories on C;BA;BAC;BLK;NUS;KSWS;CBS;CLSN;WSM;PWER;AB the last two weeks.
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June 11, 2013
17:06 EDTABAllianceBernstein reports preliminary AUM $452B as of May 31
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17:05 EDTCLSNCelsion slips after Seeking Alpha contributor sees 50% downside
Shares of Celsion (CLSN) are trading lower after-hours after a Seeking Alpha contributor said the company's Phase III ThermoDox HEAT trial was a "total failure." WHAT'S NEW: According to a post from a Seeking Alpha contributor, Celsion's Phase III ThermoDox HEAT trial was a "total failure." The author said they spoke to "key opinion leaders as well as doctors" that participated in Celsion's Phase III study. The article said that the failure of this trial gives Celsion "no chance" of getting regulatory approval, giving Celsion a worthless asset in ThermoDox. The contributor, who discloses holding a short position in Celsion's shares, puts a 73c price target on the stock, or more than 50% downside from today's closing price of $1.59 per share. PRICE ACTION: Shares of Celsion are down about 80% year-to-date, but have gained over 60% in the last month, closing as high as $1.96 per share on May 30. In after-hours trading, Celsion is down about 29c, or 18.24%, to $1.30 per share. Reference Link
16:00 EDTBACOptions Update; June 11, 2013
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10:25 EDTCCitigroup falls toward $50, downside leader among sector peers
The shares are down over 3.6% at time of writing to $50.01, near the break of the psychologically important $50 level. Earlier news reported by Bloomberg that the company could face a $7 billion dollar loss from currency swings may be weighing on the stock. Support below $50, which is a penny away from the 30-day moving average, is at $48.92, and then at $47.96, the 50-day moving average. Resistance is at $50.83.
08:57 EDTBABoeing receives U.S. Army contract for up to 215 Chinook helicopters
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08:46 EDTCCitigroup could face $7B currency loss, analyst says, Bloomberg reports
Citigroup (C) could lose about $7B on currency swings if Charles Peabody at Portales Partners is correct, although the analyst is at odds with peers who say the stock will be the best performer among big U.S. banks in the year ahead, reports Bloomberg. Peabody is among only four analysts out of 34 tracked by Bloomberg who recommend investors sell Citigroup shares. Reference Link
07:33 EDTBACBank of America may still put Countrywide into bankruptcy, Reuters reports
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07:30 EDTBACMorgan Stanley to host a conference
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07:25 EDTCInternational Economic Forum of the Americas to host a forum
19th Conference of Montreal is being held in Montreal, Canada on June 10-13.
07:19 EDTCCitigroup EPS can increase about 45% over next two years, says Bernstein
Bernstein believes that Citigroup's adjusted EPS can jump about 45% over the next two years, driven by lower credit costs and positive operating leverage,. The firm thinks the company can meet or exceed cost reductions reflected in consensus estimates and it keeps an Outperform rating on the stock.
07:15 EDTBAU.S. Navy to sign deal for 99 new V-22 tilt-rotor aircraft, Reuters reports
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07:07 EDTBABoeing increases 20-year outlook, sees $4.8T market
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06:47 EDTBABoeing raises long-term plane demand forecast, Reuters reports
Boeing increased its outlook for the amount of new planes that will be needed over the next 20 years to 24,670, according to Reuters. Last year the company had predicted that 23,240 new planes would be needed over the next two decades, the news service stated. Reference Link
06:06 EDTBAOn the Fly: Periodicals Wrap-Up
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June 10, 2013
16:21 EDTBACFifth Third Bancorp names Frank Forrest as Chief Risk and Credit Officer
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16:01 EDTCOptions Update; June 10, 2013
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16:01 EDTCOptions Update; June 10, 2013
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11:52 EDTBACTelefonica seeks bids for Irish unit during June, Bloomberg says
Telefonica (TEF) is said to be seeking offers for its Irish unit, 02, within this month, reported Bloomberg, citing two people with information on the matter. The sale process is being run by Bank of America (BAC) and Hutchison Whampoa, Eircom Group and Liberty Global’s (LBTYA) UPC Ireland were among those that received sale information, one source said. Reference Link
10:00 EDTBACBank of America Merrill Lynch expands transaction services in Canada
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07:11 EDTCNational Investor Relations Institute to host conference
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