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Stock Market & Financial Investment News

News Breaks
March 12, 2013
07:15 EDTBCS, C, BX, BAC, CS, DELLAdd Citigroup to Dell buyout bank advisers, WSJ reports
The group attempting to take Dell (DELL) private hired Citigroup (C) for M&A advice, sources say, that could signal a lessened likelihood that another buyer will step up to bid for the computer maker, reports the Wall Street Journal.Reference Link
News For C;DELL;BAC;BCS;CS;BX From The Last 14 Days
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May 24, 2013
12:34 EDTBACBank of America seeking buyers for 40 branches, Bloomberg reports
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06:22 EDTDELLIcahn hired Jefferies to help fund Dell deal, NY Post reports
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May 23, 2013
19:33 EDTDELLIcahn, Southeastern engage banks on financing for Dell deal, Reuters says
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16:00 EDTCOptions Update; May 23, 2013
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07:12 EDTBACWall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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06:29 EDTCSSoftware firm Luxoft files for IPO in New York, Bloomberg reports
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06:08 EDTBACOn the Fly: Periodicals Wrap-Up
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05:48 EDTBCSProxy advisers see their power diminish, WSJ reports
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May 22, 2013
19:40 EDTBXBlackstone, ProLogis pay $960M for warehouse portfolio, Reuters reports
Blackstone (BX) and ProLogis (PLD) have agreed to pay $960M for a portfolio of warehouse and distribution centers majority owned by Lehman Brothers, reports Reuters, citing two sources familiar with the deal. Reference Link
16:00 EDTCOptions Update; May 22, 2013
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09:02 EDTC, BACFinancials 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.
07:24 EDTDELLNetEvents International to host a summit
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07:22 EDTBACDun & Bradstreet to hold a conference
2013 Access to Capital is being held in Chicago on May 22.
07:10 EDTBXPactera establishes special committee to evaluate going private proposal
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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 EDTBAC, CU.S. bank mergers less likely this year, Bloomberg reports
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07:12 EDTCSCredit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link
07:12 EDTBXBuyout firms eye Rockwood Holdings pigments businesses, Reuters reports
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