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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
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December 18, 2014
15:16 EDTC, BACFed gives banks until July 2016 to to conform investments with covered funds
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14:59 EDTBAAir France-KLM CEO says may postpone Boeing 777 deliveries, Bloomberg reports
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12:50 EDTBABoeing, BOC Aviation finalize order for two additional 737-800s
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11:03 EDTBABoeing reports 43 new orders in weekly update
Boeing reported 43 new orders since its last update, including 30 737s, six 777s, five 737s and two 737s.
10:01 EDTWSMOn The Fly: Analyst Upgrade Summary
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09:35 EDTWSMKate Spade Saturday, West Elm to team on home collection
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06:32 EDTBABoeing's jet deliveries to rise about 5% in 2014, Reuters reports
Boeing will deliver a record 754 commercial jets next year, up around 5% versus this year, the U.S. Aerospace Industries Association forecast, according to Reuters. The organization said its forecast was based on information from Boeing, the news service added. Reference Link
06:31 EDTWSMWilliams-Sonoma upgraded to Conviction Buy from Neutral at Goldman
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December 17, 2014
16:00 EDTBAC, COptions Update; December 17, 2014
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13:47 EDTBACNCAU files suit in federal court against BofA over mortgage securities
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07:45 EDTBLKCFA Society of Cleveland to hold a luncheon meeting
Russ Koesterich, Managing Director and Chief Investment Strategist of BlackRock discusses the company's 2015 Forecast at a luncheon meeting being held in Cleveland, Ohio on December 17 at 12 pm.
07:20 EDTCCapital Link to hold a forum
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December 16, 2014
16:00 EDTC, BACOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
14:12 EDTBAIsraeli anti-missile test successful, Globes reports
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13:09 EDTBACFINRA fines Merrill $1.9M for fair pricing violations
The Financial Industry Regulatory Authority, FINRA, announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Incorporated $1.9M for fair pricing and supervisory violations in connection with more than 700 retail customer transactions in distressed securities over a two-year time period. Merrill Lynch was also ordered to pay more than $540,000 in restitution, plus interest, to affected customers. Reference Link
09:59 EDTC, BACOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
09:36 EDTCActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
08:49 EDTBABernstein aerospace and defense analyst holds analyst/industry conference call
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08:29 EDTCBSComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
07:39 EDTCCitigroup management to meet with UBS
Meeting to be held in Connecticut on December 16 hosted by UBS.
07:31 EDTBARockwell Collins selected by Boeing for flight displays, flight control systems
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07:20 EDTBACBank of America volatility elevated at 25
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07:18 EDTCCitigroup volatility elevated at 24
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07:14 EDTBABoeing shares likely to rise after dividend increase, says Wells Fargo
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05:56 EDTBABoeing selects GE Aviation for ELMS on 777X
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December 15, 2014
18:30 EDTBAOn The Fly: After Hours Movers
UP AFTER EARNINGS: VeriFone Systems (PAY), up 1.5%. ALSO HIGHER: Prothena (PRTA), up 10.7% after receiving FDA fast track designation for NEOD001... Boeing (BA), up 2.3% after increasing dividend by 25% and authorizing a $12B share repurchase plan... Yamana Gold (AUY), up 4.6% after reporting new discoveries at Chapada, El Penon. LOWER: Abraxas Petroleum (AXAS), down 2% after reporting fourth quarter volume guidance and fiscal 2015 production guidance.
16:17 EDTBABoeing raises dividend 25%, authorizes $12B share repurchase plan
Boeing Chairman and Chief Executive Jim McNerney announced that the Boeing board of directors increased the company's authorization for its share repurchase plan to $12B and declared that the company's regular quarterly dividend will increase by 25% to 91c per share. The $12B repurchase authorization approved replaces the authorization approved in 2013 of which approximately $4.8B was remaining. Repurchase activity for 2014 is now complete at $6B and is expected to resume in January 2015. Boeing's new dividend represents an 88% increase over the past two years. The dividend declared is payable March 6, 2015, to shareholders of record as of February 13, 2015.
16:16 EDTBABoeing raises dividend 25%, authorizes $12B share repurchase plan
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16:14 EDTBACBank of America initiated with a Buy at Guggenheim
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16:13 EDTCCitigroup initiated with a Neutral at Guggenheim
16:00 EDTCOptions Update; December 15, 2014
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14:21 EDTCCitigroup reports November credit loss 2.37% vs. 2.18% last month
Reports November delinquencies 1.52% vs. 1.56% last month.
11:17 EDTBAGE Aviation selected by Boeing for 777x common core avionics systems
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10:13 EDTBACBank of America reports November default rate 3.08% vs. 2.81% last month
Reports November delinquency rate 1.91% vs. 1.94% last month.
09:38 EDTCActive equity options trading
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09:20 EDTBACFirst South Bancorp completes purchase of nine branches from Bank of America
First South Bancorp (FSBK), the parent holding company of First South Bank, announced that the bank has completed its acquisition of nine branch banking operations in eastern and central North Carolina from Bank of America (BAC). The purchase was finalized and the branches were converted to First South Bank branches during the weekend of December 12-14 and opened for business as First South Bank branches Monday morning, December 15.
09:19 EDTBABoeing announces order for five 737 MAX 7s from Jetlines
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06:51 EDTCLiberals attack Citigroup over controversial provision in bill, NY Times says
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December 12, 2014
16:00 EDTCOptions Update; December 12, 2014
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09:35 EDTCActive equity options trading
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08:51 EDTNUSNu Skin sees FY15 EPS $3.80-$4.00, consensus $4.15
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08:09 EDTC, BLKBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
07:21 EDTBACBofA/Merrill to hold a discussion
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06:17 EDTCBSTime Warner CEO talks potential mergers in media space, NY Post reports
Time Warner CEO Jeff Bewkes discussed the potential of a merger with CBS (CBS) and Viacom (VIA) at yesterday's DealBook conference, New York Post reports. Bewkes said, "They may want to be a merger partner for somebody or maybe even for themselves."Reference Link
December 11, 2014
16:01 EDTCOptions Update; December 11, 2014
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15:29 EDTCBSCBS extends contract with CEO Moonves through June 2019
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12:34 EDTWSMRestoration Hardware hits 52-week high after beating Q3 estimates
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10:17 EDTC, BACFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) – $ 5M; Credit Suisse Securities (CS) – $5M; Goldman, Sachs & Co. (CS) – $5M; JP Morgan Securities LLC (JPM) – $5M; Deutsche Bank Securities Inc. (DB) – $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) – $4M; Morgan Stanley & Co., LLC (MS) – $4M; Wells Fargo Securities, LLC (WFC) – $4M; Needham & Company LLC – $2.5M. In addition, FINRA found that six of the 10 firms — Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham — had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
09:37 EDTCActive equity options trading
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07:49 EDTBLKThe New York Times to hold a conference
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07:24 EDTBABoeing management to meet with Deutsche Bank
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06:24 EDTCBSDISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 10, 2014
16:50 EDTABAllianceBernstein reports Nov. AUM $481B
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16:00 EDTBACOptions Update; December 10, 2014
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12:24 EDTC, BACOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
11:03 EDTC, BACJPMorgan drops 2% after CFO talks down Q4 numbers
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10:00 EDTCCitigroup management to meet with Oppenheimer
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08:52 EDTBABoeing delivery of first 787 to American delayed again, Dallas News reports
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08:15 EDTBAWoodward signs supply agreement with Boeing
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07:43 EDTCCitigroup charges will likely lead to break-even quarter, says UBS
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06:47 EDTBABoeing says China planes deliveries to hit record in 2014, China Daily says
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06:28 EDTNUSCiti 'incrementally more positive' on Nu Skin after China trip
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06:27 EDTBACongress authorizes $1.46B for Boeing attack jets, Reuters says
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06:08 EDTBABoeing cutting over 560 employees in Southern California, LA Times reports
According to documents filed in California, Boeing is planning to lay off 253 people at its Long Beach facilities, 154 in Huntington Beach and 154 employees in El Segundo, the LA Times reports. The layoffs will occur this month and in early 2015. Reference Link
December 9, 2014
16:00 EDTC, BACOptions Update; December 9, 2014
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15:03 EDTCBSDiscovery Communications rises after CEO sees outperforming U.S. peers
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14:57 EDTC, BACFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTC, BACFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
12:38 EDTBABoeing 747 production rate cut not surprising, says Wells Fargo
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12:34 EDTBABoeing to cut 747-8 production to 1.3 from 1.5 per month, WSJ reports
Boeing confirmed plans to lower 747-8 jetliner monthly production to 1.3 per month from 1.5, which will reduce annual deliveries to 16 from 18, in September of next year, reported The Wall Street Journal. Boeing said the cut enables it to "continue to run a healthy business,” the Journal quoted the company as stating. Reference Link
11:08 EDTCCitigroup falls, levels to watch
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10:51 EDTCCitigroup sees incurring legal, related charges of approx. $2.7B in Q4
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10:39 EDTCCitigroup expects to see heightened periods of volatility
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10:27 EDTCCitigroup CEO says big things that remain are ForEx, Libor and AMC and process
10:27 EDTCCitigroup says leverage ratio is not binding constraint for company
10:13 EDTCCitigroup CEO sees $2.7B charges in Q4 to address legal reserve charges
CEO Michael Corbat said that after taking the charges in Q4, the company will be "marginally profitable." Comments taken from Goldman Sachs Financial Services conference.
10:10 EDTCCitigroup to take $3.5B in additional charges in Q4, CNBC reports
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09:38 EDTC, BACActive equity options trading
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09:15 EDTBACBank of America sees Q4 sales and trading revenue down linked-quarter, y/y
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08:24 EDTCCitigroup to sell Japanese consumer unit to Sumitomo Mitsui, Bloomberg says
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06:48 EDTCBSAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:22 EDTBABoeing sees strong demand for commercial airplanes in 2015
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05:59 EDTCCitigroup appointed successor depositary bank for Deutsche Post ADR program
Citi (C), acting through Citibank N.A., has been appointed by Deutsche Post AG (DPSGY) as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program. Deutsche Post DHL’s ADR program trades in the U.S. over the counter market, with each ordinary share equivalent to 1 ADR.
December 8, 2014
16:55 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
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16:00 EDTC, BACOptions Update; December 8, 2014
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15:49 EDTNUSNu Skin to host investor day
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15:40 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
14:31 EDTNUSNu Skin December volatility elevated into investor day
Nu Skin December weekly call option implied volatility is at 84, December is at 56, January is at 50, March is at 52; compared to its 26-week average of 48 according to Track Data, suggesting large near term price movement into company hosted investor day on December 12.
10:00 EDTCBSOn The Fly: Analyst Initiation Summary
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10:00 EDTBLKOn The Fly: Analyst Downgrade Summary
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09:27 EDTBLKBlackRock downgraded to Neutral at Susquehanna
As previously reported, Susquehanna downgraded BlackRock to Neutral from Positive citing weaker emerging markets and reduced expectations for active equity flow in 2015. Susquehanna maintained its $365 price target on BlackRock shares.
07:23 EDTCBSUBS to hold a conference
42nd Annual Global Media & Communications Conference is being held in New York on December 8-10 with webcasted company presentations to begin on December 8 at 8 am; not all presentations may be webcasted. Webcast Link
07:03 EDTBLKBlackRock downgraded to Neutral from Positive at Susquehanna
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06:35 EDTC, BACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:21 EDTCDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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05:43 EDTBABoeing Business Jets, Comlux announces order for two BBJ MAX 8s
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December 7, 2014
12:26 EDTCBSCBS, DISH reach content carriage agreement
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December 5, 2014
18:19 EDTCCitigroup's Japanese credit card business sought by three buyers, Nikkei says
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16:55 EDTCBSCBS initiated with a Neutral at UBS
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11:23 EDTBAC, COption volume leaders
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09:36 EDTC, BACActive equity options trading
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December 4, 2014
16:27 EDTCBSOn The Fly: Closing Wrap
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15:58 EDTCBSStarz weighs alternate option after failing to find buyer, Bloomberg reports
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10:08 EDTBLKOn The Fly: Analyst Initiation Summary
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09:47 EDTCBSCBS, DISH not currently in negotiations, CNBC reports
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09:45 EDTCBSCBS has no interest in acquisition of Starz, CNBC's Faber says
CBS (CBS) has no interest in pursuing an acquisition of Starz (STRZA), according to CNBC's David Faber, citing sources.
07:38 EDTCMorgan Stanley Citigroup gaining share in capital markets, says Wells Fargo
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07:16 EDTBACConsumer Federation of America to hold a conference
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06:02 EDTBACStocks with implied volatility movement; BAC AMZN
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05:30 EDTBLKBlackRock initiated with an Equal Weight at Barclays
Target $385.
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