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Stock Market & Financial Investment News

News Breaks
August 14, 2014
06:40 EDTGS, C, DD, CGCarlyle hires firms for Axalta IPO, Reuters says
Carlyle Group (CG) gave Citigroup (C) and Goldman Sachs (GS) leading positions in the possible IPO of Axalta Coating Systems just eighteen months after it acquired the firm from DuPont (DD) for $4.9B, according to Reuters, citing people familiar with the matter. One of the sources said that the IPO could bring in nearly $1B. Reference Link
News For CG;C;GS;DD From The Last 14 Days
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May 13, 2015
08:51 EDTDDTrian says 'appears Trian nominees not elected to DuPont board'
Trian Fund Management, L.P., one of the largest stockholders of E. I. du Pont de Nemours and Company, which beneficially owns approximately 24.6 million DuPont shares, said it appears that the Trian nominees were not elected to the DuPont Board at todayís Annual Meeting of Stockholders. Trian issued the following statement: "Trianís involvement in DuPont over the past two years has created substantial value for all stockholders. We are proud of the quality of our analysis and the role we have played as a positive change agent at DuPont. Since we first invested in mid-2013, DuPont has upgraded its Board of Directors, authorized a $5 billion share buyback, begun a long-overdue cost cutting initiative, improved the design of its executive compensation program, and announced the separation of Chemours with a $4 billion return of capital. We donít believe these actions would have happened without our involvement. The vote was close. We greatly appreciate the support we received from the vast majority of institutional stockholders and mutual funds as well as the leading proxy advisory firms, who all recognize the need for change at DuPont. DuPontís Board and management team have staked their reputations on executing the Companyís current strategy. Our efforts have created appropriate pressure to prove this strategy can actually deliver high quality and consistent earnings growth. Regardless of the voting results, we believe that going forward, DuPont stockholders will be less tolerant of continued missed earnings guidance, extraordinary charges, value-destructive acquisitions and divestitures, executive compensation that is not aligned with performance, and operating metrics such as revenue growth and margins that fail to meet DuPontís own targets. We will continue to closely monitor DuPontís performance.Ē
08:31 EDTDDDuPont seen winning close proxy fight, CNBC's Faber reports
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08:29 EDTDDDuPont seen winning proxy fight, CNBC's Faber reports
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07:29 EDTCUBS to hold a conference
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May 12, 2015
16:01 EDTCOptions Update; May 12, 2015
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14:13 EDTGS, CBove says it may be time to buy bank stocks
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07:48 EDTGS, CStandard & Poor's to hold a summit
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07:34 EDTGSGoldman must pay $80M plus interest to National Australia Bank, Reuters reports
Goldman Sachs was recently ordered by an arbitration panel under the Financial Industry Regulatory Authority to pay $80M, plus interest, to the National Australia Bank over the sale of mortgage-linked securities, said Reuters, citing a court filing. Reference Link
05:26 EDTDDDuPont issues statement regarding Trian's statements
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May 11, 2015
12:28 EDTDDPeltz says 'we don't even think of not winning' DuPont proxy contest
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12:24 EDTDDPeltz says chances for last minute deal with DuPont 'dim'
Nelson Peltz says he wants to be collaborative with DuPont, adding that he is restricted in his comments about DuPont due to legal reasons as his proxy fight with the company continues. Peltz, however, said the prospects for a last minute settlement with DuPont are "very dim" and that his last talks with DuPont were weeks ago. Peltz said he and Trian are committed to maintaining R&D levels at DuPont. Nelson Peltz of Trian Fund Management is speaking on CNBC.
11:32 EDTDDDuPont indicates support from CalPERS, others for board nominees
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09:58 EDTCBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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09:28 EDTCCiti says DOJ talks could include guilty plea on antitrust charge
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09:14 EDTCCiti says DOJ declined prosecution with respect to LIBOR
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09:02 EDTCGComcast names Michael Cavanagh as CFO
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08:18 EDTGS, CBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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06:11 EDTGSStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 10, 2015
20:03 EDTCCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
18:10 EDTGSGoldman Sachs to reach $129.5M forex settlement, WSJ says
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