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Stock Market & Financial Investment News

News Breaks
August 15, 2014
08:49 EDTDRLDoral Financial discloses receipt of SEC subpoena
Doral Financial disclosed in a regulatory filing that the company received a subpoena, dated August 1, from the Securities and Exchange Commission informing that the SEC is investigating certain matters related to the company’s filings with the SEC. Among other matters, the SEC has requested information relating to the company’s determination regarding the inclusion of certain tax receivables from the Government of Puerto Rico as Tier 1 capital, the company’s allowance for loan and lease losses for the quarter ended September 30, 2013, and Doral Bank’s compliance with its Consent Order with the FDIC and the Office of the Commissioner of Financial Institutions of Puerto Rico dated August 8, 2012. "The scope of the subpoena appears to cover at least one matter related to the company’s lawsuit with the Puerto Rico Department of Treasury and not to the company’s SEC filings. The company is fully cooperating with the SEC’s investigation," Doral stated.
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September 10, 2014
09:22 EDTDRLOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
September 9, 2014
18:29 EDTDRLDoral Financial announces sale of approximately $430M in assets
Doral Financial, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced the sale of approximately $430M in assets resulting in proceeds of approximately $423M to Doral Bank.

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