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Stock Market & Financial Investment News

News Breaks
March 4, 2012
14:32 EDTCSCO, INTC, JPM, MON, CVX, GS, T, C, MSFT, FITB, PFE, ZION, WFC, EXC, RFNeuberger's value hunter Salzmann likes Citigroup and Microsoft, Barron's says
Barron's profiled Neuberger Berman's new large-cap value specialist Eli Salzmann who was recruited 13 months ago to restore the firms' historically strong large-cap value franchise. Salzmann is a traditional value manager who aims to beat the Russell 1000 Value Index over the next few years. He searches for companies that have depressed earnings relative to their true mid-economic-cycle earnings. Some of his favorites are U.S. banks, many of which are trading below tangible book value despite a recent surge in the sector. Salzmann started buying banks late last year as they began to benefit from the troubles in Europe. He likes Citigroup ( C ) and Wells Fargo (WFC) -- and has been buying shares of big regional banks, such as Fifth Third Bank (FITB), Regions Financial (RF) and Zions Bancorp (ZION). Salzmann is also bullish on large tech stocks, which are trading at about 10x earnings, have strong balance sheets and could benefit as capital spending increases. A favorite is Microsoft (MSFT). Salzmann expects the stock to see $40 over the next 12 - 24 months. One last pick: though he's generally negative on utilities, Salzmann like Exelon Generation (EXC). Other holdings: PFE, JPM, T, CVX, INTC, GS, MON and CSCO. Reference Link
News For C;WFC;FITB;RF;ZION;MSFT;EXC;PFE;JPM;T;CVX;INTC;GS;MON;CSCO From The Last 14 Days
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December 8, 2014
15:40 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
15:26 EDTWFCDeutsche Bank sued by U.S. over alleged scheme to avoid income taxes
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13:32 EDTPFEPfizer, Bristol-Myers announce results of human study on Eliquis
Bristol-Myers Squibb Company (BMY) and Pfizer (PFE) announced results of the first human study evaluating the reversal of the anticoagulant effect of Eliquis by 4-factor prothrombin complex concentrates in healthy subjects. The study results demonstrated that both PCCs, Sanquin’s Cofact and CSL Behring’s Beriplex P/N reversed the steady-state pharmacodynamic effects of Eliquis in several coagulation assessments, including endogenous thrombin potential. The full data will be presented today during the Antithrombotic Therapy: Anticoagulant Therapy session at the 56th annual meeting of the American Society of Hematology in San Francisco, CA. The study was an open label, randomized, placebo-controlled, three-period crossover study in 15 healthy, adult subjects. Within each period, subjects received Eliquis 10 mg twice daily. On day four, three hours after Eliquis administration, subjects received a 30-minute infusion of 4-factor PCCs, either 50 IU/kg Cofact or Beriplex P/N, or an equivalent volume of saline solution. The effect of Cofact and Beriplex P/N on the pharmacodynamics of Eliquis was based upon changes in endogenous thrombin potential, a measure of thrombin-mediated coagulation. Treatment periods were separated by an 11-day washout, after which the alternate treatment was administered. In this study, no serious adverse events, bleeding-related events or signs of thrombosis were reported with Eliquis administration with or without PCC treatment. Overall, these data demonstrate that Cofact and Beriplex P/N reversed the steady-state pharmacodynamic effects of Eliquis as measured by ETP and support further evaluation of PCCs in the management of patients treated with Eliquis who require reversal of its anticoagulant effect.
13:21 EDTMSFTMicrosoft files appeal in case on customer data in Ireland
Microsoft said on its blog that it has filed an appeal in its ongoing case challenging a U.S. government search warrant for customer data stored in Ireland. Microsoft said it filed the appeal after a U.S. district court judge rejected the company’s argument that the warrant is illegal because it calls for the seizure of emails stored outside the United States. Reference Link
12:40 EDTMSFTOn The Fly: Midday Wrap
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12:40 EDTCSCOUS Supreme Court to hear appeal in patent fight with Cisco
The U.S. Supreme Court has agreed to hear an appeal of a controversial appeals court decision that set aside a $63.8M patent infringement verdict won by The Woodlands, Texas-based Commil USA LLC against Cisco
11:55 EDTGSGoldman Sachs ordered to pay $7.6M in wrongful discharge claim
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10:44 EDTMSFTDigital River grants Microsoft extestion to decide on renewing pact
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10:04 EDTMSFTAccenture and Microsoft launch hybrid cloud platform
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10:00 EDTWFCOn The Fly: Analyst Downgrade Summary
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08:40 EDTCSCODeutsche Bank and Cisco to host a conference call
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08:03 EDTPFEPfizer announces agreement with Spark Therapeutics to develop SPK-FIX
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08:02 EDTCSCOAruba says NHS replaces Cisco network with Aruba wireless infrastructure
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07:53 EDTCVXClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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07:52 EDTWFCWells Fargo downgraded to Market Perform from Outperform at Bernstein
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07:49 EDTCSCOArista Networks lawsuit not as threatening as believed, says SunTrust
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07:32 EDTCSCORaymond James to hold a conference
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07:03 EDTCSCOArista Networks patent resolution likely 2-3 years away, says Citigroup
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06:35 EDTWFC, JPM, GS, CValue 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 EDTJPM, CDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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