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Stock Market & Financial Investment News

News Breaks
February 28, 2013
10:00 EDTCWH, LAMR, DB, BUD, INXN, JOY, EIXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Deutsche Bank (DB) upgraded to Outperform from Market Perform at Keefe Bruyette... Edison International (EIX) upgraded to Outperform from Market Perform at BMO Capital... InterXion (INXN) upgraded to Buy from Neutral at Goldman... Lamar Advertising (LAMR) upgraded to Neutral from Underweight at Piper Jaffray... Joy Global (JOY) upgraded on coal production growth at CLSA... AB InBev (BUD) upgraded to Outperform from Neutral at Credit Suisse... CommonWealth REIT (CWH) upgraded to Hold from Sell at Stifel Nicolaus.
News For DB;EIX;INXN;LAMR;JOY;BUD;CWH From The Last 14 Days
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May 16, 2013
12:32 EDTDBEU 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
10:03 EDTINXNOn The Fly: Analyst Upgrade Summary
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08:39 EDTDBHartford Financial hires Deutsche to find buyer for Japan unit, Bloomberg says
Hartford Financial Services (HIG) engaged Deutsche Bank (DB) to seek a buyer for its Japanese annuity unit, according to Bloomberg, citing people with knowledge of the matter. Reference Link
05:51 EDTBUDNBCUniversal says winter Olympic Games ad sales strong, WSJ reports
Comcast's (CMCSA) NBCUniversal unit is projecting advertising sales over $800M for the Olympic Games next year in Russia, which would be a record for the Winter Games, despite the decision by Anheuser-Busch InBev (BUD) and Hilton Worldwide not to advertise on the event in Sochi, reports the Wall Street Journal. The company said it has sold 75%-80% of its TV inventory.Reference Link
05:47 EDTINXNInterXion upgraded to Buy from Neutral at Citigroup
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May 15, 2013
12:59 EDTCWHCorvex, Related comment on result of CommonWealth annual meeting
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09:04 EDTCWHCommonWealth says Morea failed re-election as trustee, accepts appointment
CommonWealth REIT announced the results of its annual meeting, held yesterday. Joseph Morea received less than the majority of shares required to be re-elected as an Independent Trustee. As a result, Morea resigned from the Board. "The Board determined that the insufficient vote for Mr. Morea appeared not to be directed at any personal failings of Mr. Morea, but rather to be the result of the positions taken by the Board to oppose the hostile takeover efforts being pursued by Corvex Management LP and Related Fund Management, LLC. In these circumstances, and because the Board’s determination that Mr. Morea’s continued service and leadership would be in the Trust’s best interest, the Board requested that Mr. Morea accept appointment to the vacancy created by his resignation," the company said. Morea subsequently accepted appointment as an Independent Trustee. Shareholders also approved, with 75% of all shares voted, a nonbinding, advisory proposal approving the compensation paid to CWH’s named executive officers and approved, with 81% of all shares voted, the ratification of the appointment of Ernst & Young LLP as CWH’s independent registered public accounting firm.
May 14, 2013
05:44 EDTDBBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
08:01 EDTBUDAB InBev U.S., Brazil performance has likely bottomed, says RBC Capital
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07:39 EDTEIXDeutsche Bank to host a conference
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06:49 EDTDBECB member says negative deposit rates would help economy, Reuters says
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May 10, 2013
10:00 EDTEIXOn The Fly: Analyst Upgrade Summary
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05:53 EDTEIXEdison International upgraded to Buy from Neutral at Citigroup
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May 9, 2013
07:12 EDTDBCitigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
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06:10 EDTDBOn the Fly: Periodicals Wrap-Up
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May 8, 2013
17:34 EDTCWHCommonWealth REIT's arbitration bylaw upheald by Maryland State Court
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15:59 EDTCWHJudge backs arbitration in CommonWealth, Corvex dispute, Bloomberg reports
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15:28 EDTCWHCommonWealth REIT trading halted, pending news
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11:32 EDTLAMRHigh option volume stocks: LAMR AU CA ARAY OTEX
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07:11 EDTCWHCommonWealth REIT reports Q1 normalized FFO 78c, consensus 73c
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