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Stock Market & Financial Investment News

News Breaks
May 14, 2014
10:11 EDTTNK, GOLD, NIHD, SQM, NVO, RDY, WAG, SBGL, NMR, DCIXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Diana Containerships (DCIX) downgraded to Neutral from Buy at Euro Pacific Capital... Dr. Reddy's Labs (RDY) downgraded to Underperform from Buy at BofA/Merrill... NII Holdings (NIHD) downgraded to Sell from Hold at Gabelli... Nomura (NMR) downgraded to Neutral from Outperform at Credit Suisse... Novo Nordisk (NVO) downgraded to Neutral from Buy at UBS... Randgold Resources (GOLD) downgraded to Neutral from Overweight at JPMorgan... Sibanye Gold (SBGL) downgraded to Neutral from Overweight at JPMorgan... Sociedad Quimica (SQM) downgraded to Underperform from Neutral at Credit Suisse... Teekay Tankers (TNK) downgraded at BofA/Merrill... Walgreens (WAG) downgraded to Market Perform from Outperform at Cowen.
News For DCIX;RDY;NIHD;NMR;NVO;GOLD;SBGL;SQM;TNK;WAG From The Last 14 Days
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November 20, 2014
09:17 EDTRDYDr. Reddy's Labs launches OTC generic Allegra-D 12-Hour
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November 19, 2014
07:52 EDTNVOInforma Business Information to hold a conference
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06:22 EDTNMRNomura's Europe CEO Jeremy Bennett resigns, FT reports
Jeremy Bennett, Nomura's Europe CEO, has resigned from the job after just 18 months to pursue opportunities in the charitable sector and emerging markets, a source tells the Financial Times. Yasuo Kashiwagi will become acting CEO of the unit. Reference Link
November 18, 2014
18:30 EDTSQMSQM reports Q3 EPS 25c, consensus 29c
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November 16, 2014
19:58 EDTNMRJapan's GDP contracts 1.6% in third quarter, WSJ says
Japan's economy has slumped into a recession in the third quarter as a sales tax increase resulted in firms cutting inventory and capital investment, says the Wall Street Journal. According to the Wall Street Journal report, Japan's real GDP in Q3 retreated 1.6% on an annualized basis against a median forecast for a 2.25% expansion. The setback in the country's growth will likely result in Prime Minster Shinzo Abe postponing a second sales tax increase, added the Wall Street Journal. Reference Link
November 14, 2014
10:00 EDTTNKOn The Fly: Analyst Upgrade Summary
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08:18 EDTNMRNomura puts mortgage-bond traders on leave for unknown reason, Bloomberg says
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05:40 EDTTNKTeekay Tankers upgraded to Neutral from Underweight at JPMorgan
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05:31 EDTTNKTeekay Tankers initiated with a Buy at UBS
Target $5.50.
November 13, 2014
14:50 EDTWAGLonestar Capital to shut down by mid-2015, WSJ reports
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14:45 EDTWAGLonestar capital to shut down, DJ reports
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November 12, 2014
17:33 EDTRDYSucampo files patent infringement suit against Dr. Reddy's Labs
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November 10, 2014
10:21 EDTDCIXDiana Containerships announces agreement to acquire Panamax container vessel
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08:54 EDTDCIXDiana Containerships agrees to acquire Post-Panamax container vessel for $15.95M
Diana Containerships announced that on November 5, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party a 2005-built Post-Panamax container vessel of approximately 5,000 TEU capacity, the m/v "Santa Pamina," for a purchase price of $15.95M. The vessel is expected to be delivered to the Company from the sellers by the end of November. The vessel is chartered to The Shipping Corporation of India Ltd. at a gross charter rate of $9,500 per day minus a 5% commission paid to third parties, for a period ending on minimum March 16, 2015 to maximum May 15, 2015. The closing of this transaction is subject to the signing of a novation agreement to the time charter mentioned above. Should such novation agreement not be executed by the end of November, the sellers will deliver the vessel to the company after the expiration of the time charter, between March 16, 2015 and May 20, 2015.

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