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Stock Market & Financial Investment News

News Breaks
December 26, 2012
09:44 EDTC, BIDUActive equity option families trading
Active equity option families trading on open according to Track Data: AAPL CLF BAC C BIDU.
News For C;BIDU From The Last 14 Days
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May 23, 2013
16:00 EDTCOptions Update; May 23, 2013
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May 22, 2013
16:00 EDTCOptions Update; May 22, 2013
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09:02 EDTCFinancials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list.
07:45 EDTCCitigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated.
06:12 EDTCRussia becomes a tougher market for foreign banks, Reuters reports
Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link
May 21, 2013
09:42 EDTCActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
07:13 EDTCU.S. bank mergers less likely this year, Bloomberg reports
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May 20, 2013
16:02 EDTBIDUOptions Update; May 20, 2013
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12:32 EDTCCitigroup announces departure of CitiMortgage head, organizational changes
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11:49 EDTCWells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
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09:58 EDTBIDURumor of Baidu in search deal with Sohu may be true, Forbes says
Rumors, citing an industry source, that Baidu (BIDU) has reached an agreement to purchase Sogou from Sohu.com (SOHU) in a complex swap transaction might be true, despite seemingly contradictory indications from Charles Zhang that seem to say that Sogou isn’t for sale, according to Forbes contributor Doug Young. Reference Link
09:49 EDTBIDUBaidu rumored to be competing with Tencent to buy NetQin, TechinAsia says
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09:40 EDTBIDU, CActive equity option families trading
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07:50 EDTCGulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link
07:29 EDTBIDUDeutsche Bank to host a conference
dbAccess Asia Conference 2013 is being held in Singapore on May 20-22.
05:54 EDTBIDUBaidu considers IPO for its video site, Bloomberg reports
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May 17, 2013
10:10 EDTBIDUBaidu rumored to acquire Sohu unit Sogou, Marbridge Daily reports
Baidu (BIDU) has entered into an agreement to acquire Sohu's (SOHU) online search subsidiary Sogou for $2.0B-$2.5B, Marbridge Daily reports, citing an industry source. Note Bloomberg this morning reported that Sohu is seeking a strategic investment in its online search subsidiary. Reference Link
10:02 EDTBIDUSohu.com seeking strategic for search unit, Bloomberg reports
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May 16, 2013
08:33 EDTCBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
07:18 EDTCInvestors bet on banks hit by credit crisis, Bloomberg reports
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