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Stock Market & Financial Investment News

News Breaks
September 4, 2012
07:17 EDTDB, CX, WPO, BSAC, LUKOY, ICA, PZE, FBRDeutsche Bank to host a conference
Global Emerging Markets Fixed Income Day, which is part Deutsche Bank's dbAccess Global Emerging Markets 1:1 Conference being held in New York on September 5-September 7, is being held in New York on September 4.
News For DB;CX;WPO;BSAC;LUKOY;ICA;PZE;FBR From The Last 14 Days
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October 30, 2014
06:18 EDTCXHolcim, Cemex to no longer form joint organization in Spain
Holcim (HCMLY) and Cemex (CX) announce that they have agreed on adapted parameters to their series of transactions in Europe. In Germany and the Czech Republic, the scope of the transaction remains unchanged, meaning that Holcim will acquire Cemex’s operations in Western Germany while Cemex will take over Holcim’s business in the Czech Republic, as previously announced. In Spain the two companies will no longer form a joint organization as initially planned and communicated. Instead, Cemex will purchase Holcim’s Gador cement plant and Yeles grinding station, with a total of 1.75M tonnes of cement capacity, while Holcim will keep its remaining operations in Spain, representing 2.2M tonnes of cement capacity, as well as its aggregates and ready-mix positions. In Germany, Holcim will continue the acquisitions of operations in the western part of the country. The transaction includes one cement plant, two grinding stations, one slag granulator, 22 aggregates locations and 79 ready-mix plants. They will be combined with Holcim’s existing Northern German operations. Due to the changed transaction, Cemex will pay Holcim EUR 45M in cash. As a result of these changes, Holcim expects sustainable additional operating EBITDA of at least EUR 10M on a yearly basis after the closing of the deal. This change of parameters reflects the change in the strategic landscape following the announcement of the proposed merger of Holcim with Lafarge. Hence Holcim and Cemex will remain competitors in Spain and Czech Republic. In Germany, Holcim aims to optimize its portfolio by better connecting its operations in Northern Germany and the wider region. These transactions are expected to close during 1Q15.
05:48 EDTCXCEMEX, Holcim agree on transactions in Europe
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October 29, 2014
09:19 EDTDBOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Goodyear Tire (GT), up 10%... Electronic Arts (EA), up 3.7%... ZELTIQ (ZLTQ), up 9%... Eaton (ETN), up 2.3%... Anadarko (APC), up 2%... U.S. Steel (X), up 7.7%... IAC (IACI), up 3.6%. ALSO HIGHER: Fiat Chrysler (FCAU), up 12% after reporting quarterly results, announcing plan to spin off Ferrari... Cara Therapeutics (CARA), up 17.8% after HAL trial of IV formulation of CR845 met primary endpoint... Jamba (JMBA), up 4% after upgraded at Wedbush. DOWN AFTER EARNINGS: Facebook (FB), down 5.7%... Gilead (GILD), down 3.2%... Ralph Lauren (RL), down 2.3%... SodaStream (SODA), down 3%... Garmin (GRMN), down 5%... Applied Micro Circuits (AMCC), down 9.9%... STMicroelectronics (STM), down 10%... Ballard Power (BLDP), down 8.7%... Hershey (HSY), down 3.3%... Deutsche Bank (DB), down 2.3%... McKesson (MCK), down 2%. ALSO LOWER: Sanofi (SNY), down 5.7% after downgraded at various firms including Barclays and BofA/Merrill after the company's board removed Christopher Viehbacher as CEO... InvenSense (INVN), down 22%, downgraded at Pacific Crest, Northland and Piper Jaffray following the company's Q2 earnings results... CareTrust REIT (CTRE), down 3.6% after acquiring Cross Healthcare Seniors housing portfolio... Orbital (ORB), down 16% after Orb-3 launch mishap... American Realty (ARCP), down 22% after announcing resignations of CFO, CAO.
06:39 EDTDBECB says loan demand expected to rise, Reuters reports
Demand for loans from euro zone banks is expected to rise sharply this quarter, the European Central Bank stated in a report, according to Reuters. Meanwhile, the bloc's banks are expected to ease credit standards in Q4, after credit standards in France and Germany eased in Q3, the news service quoted the ECB as saying. Publicly traded companies in the space 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
06:12 EDTDBDeutsche Bank confirms Marcus Schenck as deputy CFO
The Supervisory Board of Deutsche Bank announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities. As a consequence, the Supervisory Board has appointed two new members to the Management Board. Stefan Krause, CFO since 2008, will take a new position as Head of Strategy and Organizational Development, effective November 1, which will combine responsibility for strategic development and all major change initiatives at the Bank. Krause will continue as CFO until the conclusion of the Annual General Meeting on May 21, 2015. Dr. Marcus Schenck, who will join the Bank from Goldman Sachs (GS) as General Manager and Deputy CFO, will be appointed to the Management Board, effective on conclusion of the Annual General Meeting on May 21, 2015, at which time he will succeed Krause as CFO. Henry Ritchotte will continue as COO with responsibility for Technology and Operations, and will in addition assume responsibility for the Bank’s global digital agenda.
05:55 EDTDBDeutsche Bank says in talks with authorities over LIBOR
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05:49 EDTDBDeutsche Bank reports Q3 net income EUR (94M) vs. EUR 51M last year
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October 28, 2014
18:26 EDTDBDeutsche Bank names Marcus Schenck as deputy CFO, Bloomberg says
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13:00 EDTDBReport says Deutsche Bank to name Schenck to succeed CFO Krause, Reuters says
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07:43 EDTDBDeutsche among banks impacted by minor ECB test result errors, WSJ says
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October 26, 2014
17:32 EDTDBEuropean banks may gain after ECB stress tests, Bloomberg says
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13:27 EDTDBECB releases results of bank stress test
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October 24, 2014
12:52 EDTDBDeutsche Bank expects Q3 litigation costs of EUR 894M
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09:54 EDTDBDeutsche Bank braces for $1.3B in UK and UK Libor-related fines, Reuters says
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09:54 EDTDBDeutsche Bank sails through stress test enacted by ECB, Reuters says
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08:44 EDTDBECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU 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).
October 23, 2014
07:46 EDTDBSunEdison closes financing to build 26 MW utility solar power plant
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07:34 EDTCXCEMEX reports Q3 consolidated sales $4.1B, consensus $4.27B.
During Q3, controlling interest net income was a loss of $106M.
October 21, 2014
08:18 EDTDBBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU 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
06:52 EDTDBCiti purchasea Deutsche energy, metals book, Reuters says
Citigroup (C) acquired Deutsche Bank's (DB) energy and metals book, which is the U.S. company's latest expansion effort in commodities trading as some of its competitors look to exit that sector, according to Reuters, citing a source familiar with the matter. Reference Link
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