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Stock Market & Financial Investment News

News Breaks
February 25, 2014
08:47 EDTJPM, OCN, FB, ICE, CVX, MSFT, PG, CMCSA, TGT, ORAN, LNKD, CBS, TWC, UL, FOXA, DISOn the Fly: Periodicals Wrap
WSJ: Broadcasters (DIS, CBS, CMCSA, FOXA) ask Supreme Court to shut down Aereo...LinkedIn (LNKD) expands in China, dealing with censorship...Procter & Gamble (PG), Unilever (UL) battle over hair care...Orange (ORAN), Microsoft (MSFT) in talks for Dailymotion partnership...REUTERS: Senate committee hearing set on Comcast (CMCSA), Time Warner Cable (TWC) deal...Target (TGT) expected to reduce buybacks due to data breach costs...BLOOMBERG: Chevron (CVX) looking into options for U.S. midstream business...ICE (ICE) renovates SMX, prepares to list own products...OTHER NEWS: Ocwen Financial (OCN) looks to sell $1B of new debt this year, FT reports...JPMorgan (JPM) planning to cut 'several thousand' jobs in mortgage business, FT reports...WhatsApp (FB) won't generate significant revenue anytime soon, Re/code reports.
News For DIS;CBS;CMCSA;FOXA;LNKD;PG;UL;ORAN;MSFT;TWC;TGT;CVX;ICE;OCN;JPM;FB From The Last 14 Days
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April 6, 2015
17:43 EDTOCNOcwen says it still needs time to file 10-K
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17:41 EDTOCNOcwen amends servicing pact with Home Loan Servicing Solutions
On April 6, Ocwen (OCN) Loan Servicing entered into Amendment No. 2 to Master Servicing Rights Purchase Agreement and Sale Supplements with HLSS Holdings, Home Loan Servicing Solutions (HLSS) and MSR-EBO Acquisition LLC , which Amendment is effective upon the consummation and closing of the purchase by the Buyer, directly and through HLSS Advances Acquisition Corp., of substantially all of the assets of HLSS. The Amendment revised terms of (i) the Master Servicing Rights Purchase Agreement, dated as of October 1, 2012, as amended by Amendment No. 1 to Master Servicing Rights Purchase Agreement and Sale Supplements, dated as of December 26, 2012 and (ii) certain sale supplements to the MSR Purchase Agreement . In consideration of Ocwenís consent to the assignment by HLSS to the Buyer of all HLSSís right, title and interest in, to and under the Original Agreements, the Amendment will, among other things impose a two year standstill on the rights of the HLSS Parties to replace Ocwen as named servicer.The Amendment also provides that Ocwen will sell to HLSS, on an exclusive and ďas isĒ basis, all economic beneficial rights to the clean-up call rights Ocwen is entitled to pursuant to servicing agreements that underlie Rights to MSRs owned by HLSS, for a payment upon exercise of 0.50% of the unpaid principal balance of all performing mortgage loans associated with the applicable clean up-call. In the event there is a future downgrade of Ocwen's S&P servicer rating below its current rating of "Average," Ocwen has also agreed to compensate Holdings for certain increased costs associated with its servicing advance financing facilities, including increased costs of funding, to the extent such costs are the direct result of such downgrade.
14:04 EDTCMCSAIMAX says Universal's Furious 7 grosses $20.8M in IMAX theatres
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12:22 EDTJPMJP Morgan April volatility up into Q1 and outlook
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11:00 EDTORANVivendi to buy Dailymotion video service from Orange, Le Figaro says
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10:02 EDTMSFTOn The Fly: Analyst Upgrade Summary
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10:01 EDTCMCSAWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
09:31 EDTCMCSAComcast Business to expand Ethernet in East Bay with $2M fiber extension
Comcast Business announced an expansion of its multi-gigabit Ethernet service to three business parks in the Northern California towns of Pleasanton, Hayward and Fremont. The high-speed fiber-based network build outs together total close to $2M in investment by Comcast in the East Bay, making available reliable Internet speeds to the more than 1,500 businesses in the community by offering reliable Internet speeds up to 20 times faster than traditional 1.5 Mbps DSL or T-1 service.
08:32 EDTICEIntercontinentalExchange reports March exchange traded volume
Intercontinental Exchange reported March exchange traded volume. ICEís March 2015 futures and options average daily volume declined 7% compared to March 2014. Commodity ADV increased 13% led by Brent, Gasoil, Other Oil and Nat Gas up 28%, 8%, 32%, and 9% respectively, from the prior March. Financials ADV declined 22% from the previous March primarily due to continued low volatility in Continental European short-term interest rates and single stock equities, partially offset by a 9% and 6% increase in Sterling and Gilt ADV, respectively. ADV for NYSEís U.S. cash equities increased 6%, while U.S. equity options ADV declined 32% over the prior March. NYSEís U.S. cash equities market share was 24.4% and NYSEís U.S. options market share was 17.9%.
07:45 EDTMSFTMicrosoft upgraded at Wells Fargo
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07:34 EDTMSFTWells Fargo upgrades Microsoft on improved strategic position
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06:41 EDTCVXOil up after Saudi Arabia increases prices for Asia, Reuters says
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06:31 EDTMSFTMicrosoft upgraded to Outperform from Market Perform at Wells Fargo
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06:28 EDTMSFTMicrosoft completes latest round of layoffs, Business Insider reports
Microsoft has completed its latest round of layoffs in a move to "remove role overlap, optimize activities and functions, align disciplines with the rest of Microsoft, and, perhaps most importantly, reshape IT for the skills we need to transform," Business Insider reports, citing an email from Chief Information Officer Jim DuBois. A company spokesperson commented that the company believes this will be the "last of the anticipated broad cuts as part of the restructuring plan announced last July." Though it is unclear how many employees were laid off in this round, affected workers are coming from Microsoft's divisions and not focused on former Nokia employees. Reference Link
06:09 EDTLNKDStocks with implied volatility above IV index mean; CMG DDD
Stocks with implied volatility above IV index mean; LinkedIn (LNKD) 41, 3D Systems (DDD) 56 according to iVolatility.
06:03 EDTFBUber hires Facebook's Joe Sullivan as Chief Security Officer
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April 5, 2015
18:34 EDTDIS, FOXA, CMCSAComcast's 'Furious 7' leads at weekend box office with $143.6M
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18:12 EDTCVXOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
16:56 EDTFBEU considers major probe into Internet platforms, WSJ says
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16:37 EDTDISDisney to invest $250M in fantasy site DraftKings, WSJ says
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