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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:49 EDTCAT, UBSCaterpillar-backed Neovia looks into potential sale, Reuters says
Neovia Logistics, a logistics services company backed by Caterpillar (CAT), is contemplating a sale that could value it at more than $1B, according to Reuters, citing people familiar with the matter. The sources said that Neovia has hired UBS (UBS) to run an auction for the company and it is preparing to contact possible purchasers. Reference Link
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August 28, 2014
06:35 EDTUBSEuro zone credit crunch showing signs of improving, Reuters says
Loans to the private sector by euro zone banks dropped 1.6% in July versus the same period a year earlier, compared with a year-over-year decline of 1.8% in June, according to Reuters. Meanwhile, the bloc's M3 money supply increased at a 1.8% annual rate in July, versus 1.6% in June, the news service added. The upturn in the data comes after the European Central Bank started charging banks in June to keep their deposits overnight, Reuters added. Publicly traded euro zone banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
August 20, 2014
10:39 EDTCATCaterpillar data may be negative for shares in short-term, says Wells Fargo
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10:35 EDTCATCaterpillar reported world Machines sales down 9%
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