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Stock Market & Financial Investment News

News Breaks
March 28, 2014
09:49 EDTAA, CME, GSCME could benefit from court decision on LME reforms, Reuters says
CME (CME) may benefit from a ruling by a British court which set back the London Metal Exchange's warehouse reforms, according to Reuters. The decision cheered metals producers, including Alcoa (AA), and could also benefit warehouse owners such as Goldman Sachs (GS), the enws service stated. Reference Link
News For CME;AA;GS From The Last 14 Days
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December 15, 2014
09:38 EDTAAActive equity options trading
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07:35 EDTCMECME Group management to meet with UBS
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05:47 EDTAAAlcoa to acquire TITAL, terms not disclosed
Alcoa announced plans to further expand its global aerospace business through a definitive agreement to acquire privately held TITAL. The acquisition will strengthen Alcoa’s global position to capture increasing demand for advanced jet engine components made of titanium. This transaction will further position Alcoa to capitalize on strong growth in the commercial aerospace sector. Alcoa projects a compounded annual commercial jet growth rate of 7% through 2019 and sees a current 9-year production order book at 2013 delivery rates. Almost 70% of TITAL’s revenues are expected to come from commercial aerospace sales in 2019. In 2013, the company generated revenues of approximately $96M, more than half of which came from titanium products. The acquisition will establish titanium casting capabilities in Europe for Alcoa, while expanding its aluminum casting capacity. TITAL employs more than 650 people, primarily in Bestwig, Germany. Financial details of the transaction were not disclosed.
December 11, 2014
14:02 EDTAAAlcoa plans $16.7M expansion to double high-tech coating capacity
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10:17 EDTGSFINRA fines Barclays Capital, Citigroup Global Markets, others $43.5M total
FINRA announced that it has fined 10 firms a total of $43.5M for allowing their equity research analysts to solicit investment banking business and for offering favorable research coverage in connection with the 2010 planned initial public offering of Toys"R"Us. FINRA fined the following firms. Barclays Capital (BCS) - $5M; Citigroup Global Markets (C) – $ 5M; Credit Suisse Securities (CS) – $5M; Goldman, Sachs & Co. (CS) – $5M; JP Morgan Securities LLC (JPM) – $5M; Deutsche Bank Securities Inc. (DB) – $4M; Merrill Lynch, Pierce, Fenner & Smith Inc. (BAC) – $4M; Morgan Stanley & Co., LLC (MS) – $4M; Wells Fargo Securities, LLC (WFC) – $4M; Needham & Company LLC – $2.5M. In addition, FINRA found that six of the 10 firms — Barclays, Citigroup, Credit Suisse, Goldman Sachs, JP Morgan and Needham — had inadequate supervisory procedures related to research analyst participation in investment banking pitches. Toys"R"Us and its sponsors offered each of the 10 firms various roles in the IPO but it eventually decided not to proceed with the offering. In settling this matter, the 10 firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
07:49 EDTGSThe New York Times to hold a conference
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December 10, 2014
19:35 EDTCMECME Group declares annual variable dividend of $2.00 per share
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16:24 EDTGSGoldman Sachs reports 10.7% passive stake in Navios Maritime Midstream
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10:00 EDTGSOn The Fly: Analyst Downgrade Summary
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06:57 EDTGSGoldman Sachs downgraded at Susquehanna
As previously reported, Susquehanna downgraded Goldman Sachs to Neutral from Positive. The firm downgraded shares based on full valuation and expectations the fall in energy prices will weigh on high yield and loan volumes into 2015, and pressure the debt portion of investing and lending in the secondary markets. Price target lowered to $200 from $218.
06:32 EDTGSGoldman Sachs downgraded to Neutral from Positive at Susquehanna
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December 9, 2014
16:00 EDTAAOptions Update; December 9, 2014
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14:57 EDTGSFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTGSFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
05:55 EDTCMEStocks with implied volatility movement; CME SIRI
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December 8, 2014
11:55 EDTGSGoldman Sachs ordered to pay $7.6M in wrongful discharge claim
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10:00 EDTCMEOn The Fly: Analyst Downgrade Summary
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06:35 EDTGSValue 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
05:59 EDTCMECME Group downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded CME Group (CME) to Market Perform while upgrading NASDAQ (NDAQ) to Outperform.
05:58 EDTCMENASDAQ upgraded to Outperform from Market Perform at Keefe Bruyette
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