News Breaks |
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| October 22, 2012 |
| 08:17 EDT |  | CS, STT, BLK | Credit Suisse to sell European exchange-traded fund business, Reuters reports
Credit Suisse Group (CS) is selling its $17.2B European exchange-traded fund business, sources say, reports Reuters. BlackRock (BLK) and State Street Global Advisors (STT) are said to be among the bidders. Reference Link |
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News For CS;BLK;STT From The Last 14 Days Check below for free stories on CS;BLK;STT the last two weeks. |
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| May 23, 2013 |
| 06:29 EDT | | CS | Software firm Luxoft files for IPO in New York, Bloomberg reports
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| 05:48 EDT | | BLK | Proxy advisers see their power diminish, WSJ reports
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| May 21, 2013 |
| 11:01 EDT | | BLK | BlackRock buys private equity real estate fund MGPA, Reuters says
BlackRock bought private equity real estate fund MGPA, increasing the firms presence in Asia and Europe says Reuters. Reference Link |
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| 10:00 EDT |  | BLK | On The Fly: Analyst Upgrade Summary
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| 09:33 EDT |  | BLK | Bloomberg LINK to host a summit
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| 07:12 EDT | | CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link |
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| 06:10 EDT | | CS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. |
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| 06:00 EDT | | BLK | BlackRock upgraded to Outperform from Neutral at Macquarie
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| May 20, 2013 |
| 10:11 EDT |  | BLK | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. |
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| 07:50 EDT | | CS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 05:38 EDT | | BLK | BlackRock downgraded to Market Perform from Outperform at Keefe Bruyette
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| May 16, 2013 |
| 13:53 EDT | | BLK | BlackRock downgraded to Hold from Buy at Gabelli
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| 12:32 EDT |  | CS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link |
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| May 15, 2013 |
| 17:38 EDT |  | STT | Trian Fund gives quarterly update on stakes
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| May 13, 2013 |
| 19:56 EDT | | BLK | Ex-BlackRock manager arrested in U.K. insider probe, Bloomberg says
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| 06:49 EDT | | CS | ECB member says negative deposit rates would help economy, Reuters says
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| May 9, 2013 |
| 10:08 EDT | | BLK | On The Fly: Analyst Downgrade Summary
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| 07:57 EDT | | BLK | Rio Tinto CEO defends iron ore expansion criticized by holders, FT says
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| 05:44 EDT | | BLK | BlackRock downgraded to Neutral from Buy at Citigroup
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