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Stock Market & Financial Investment News

News Breaks
May 3, 2012
06:15 EDTBAC, HPQ, TCLRY, XOM, WFC, ORCL, ECA, CME, BRK.A, JPM, COPOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Responding to President Obama's blaming of speculators, Terry Duffy, executive chairman of CME Group (CME) said, "People need to study their facts before criticizing speculators," adding that they provide vital liquidity to a number of markets, the Wall Street Journal reports...Energy producers are showing signs of reducing their natural gas output, responding to a glut that has sent prices to the lowest level in more than a decade, the Wall Street Journal reports...REUTERS: Technicolor (TCLRY) says JPMorgan Chase (JPM) plans to take a stake of up to 29.96% to help it reduce debt and move ahead with its turnaround plan, Reuters reports...An Oracle (ORCL) attorney ruled out a settlement with Hewlett-Packard (HPQ) in a lawsuit over the Itanium microprocessor, a day after the judge refused to resolve the case before trial, Reuters reports...BLOOMBERG: Berkshire Hathaway (BRK.A) shareholders missed better returns from the Standard & Poor’s 500 Index by staying with Warren Buffett after each of his last three annual meetings, Bloomberg reports...Wells Fargo & Co. (WFC) won the biggest market share ever recorded as competitors led by Bank of America (BAC) pulled back after suffering more than $65B in combined mortgage losses, Bloomberg reports.
News For A;WFC;BAC From The Last 14 Days
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March 27, 2015
13:47 EDTBACBofA Merrill's John Cavanagh leaves bank, Reuters reports
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09:37 EDTBACGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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March 26, 2015
11:46 EDTBACBofA: Naming CEO Moynihan chairman followed 'probing independent review'
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08:17 EDTWFC, BACSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:11 EDTWFCWells Fargo to close Milwaukee office, cut 1,000 jobs, AP reports
Wells Fargo will eliminate about 1,000 jobs in Milwaukee as the bank closes its home lending servicing office in the city, The Associated Press reports. The bank said in an emailed statements that fewer customers have become delinquent on their payments as the economy has improved, and fewer customers have needed assistance to stay in their homes. Reference Link
March 24, 2015
09:10 EDTADako announces collaboration agreement with Amgen
Dako, an Agilent Technologies (A) company, announced a new Master Collaboration Agreement with Amgen (AMGN). The expanded collaboration will allow both companies to benefit from knowledge-sharing within the field of drug-diagnostic research and development in general, and in relation to companion diagnostic products in particular. The financial details of the agreement were not disclosed.
07:45 EDTWFC, BACMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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07:27 EDTWFCTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
09:56 EDTBACMassachusetts securities regulator fines Merrill Lynch $2.5M, Reuters reports
Massachusetts Secretary of the Commonwealth William Galvin has fined Bank of America's Merrill Lynch unit $2.5M for failing to supervise employees properly, Reuters reports. Merrill, Lynch, Pierce, Fenner & Smith was accused of failing to stick to its own compliance rules. Reference Link
07:19 EDTWFCCapital Link to hold a forum
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March 20, 2015
10:36 EDTBACBank of America changes bylaws to allow some investors to nominate directors
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05:57 EDTBACBank of America faces pressure to defend structure, Financial Times reports
Bank of America will have to defend its current structure at its annual meeting in May after the SEC allowed a small shareholder the right to challenge the board on a break-up, reports the Financial Times. Bank of America's board could be under pressure to appoint a committee to examine a plan for divesting all non-core banking businesses if a proposal from Barlett Naylor of Public Citizen is adopted. Reference Link
March 19, 2015
11:53 EDTBAC, WFCU.S. banks face headwinds in unloading oil loans, WSJ says
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06:30 EDTBACSEC says BofA must put investment bank spinoff to shareholder vote, Reuters says
The SEC has told Bank of America that it must allow shareholders to vote on whether the company will attempt to spin off its investment bank unit, reports Reuters, citing a decision by the Securities and Exchange Commission. A bank spokesperson said the company "will respond to the proposal in our proxy statement." Reference Link
March 18, 2015
08:31 EDTAAgilent names president and COO Mike McMullen as CEO
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07:10 EDTBACPlatts to hold a forum
11th Annual Steel Markets North America is being held in Chicago on March 17-18.
March 17, 2015
08:34 EDTBACBank of America reinstated with an Outperform at Raymond James
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March 16, 2015
10:22 EDTBACBank of America February default rate 2.98% vs. 2.93% last month
Reports February delinquency rate 1.86% vs. 1.83% last month.
March 13, 2015
09:49 EDTAUBS life science tools/diagnostics analyst has analyst/industry conference call
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