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Stock Market & Financial Investment News

News Breaks
January 26, 2014
16:04 EDTEBAY, GSGoldman said to be advising eBay amid Icahn pressure, Bloomberg says
Goldman Sachs (GS) is said to be advising eBay (EBAY) as activist investor Carl Icahn pressures the company to spin-off its PayPal unit to unlock shareholder value, says Bloomberg. Goldman has advised eBay on a number of issues in the past, added Bloomberg. Reference Link
News For EBAY;GS From The Last 14 Days
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May 20, 2015
08:21 EDTGSATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
12:29 EDTEBAYPayPal to pay $25M to settle CFPB charges of deceptive advertising
The Consumer Financial Protection Bureau announced earlier that it is filing a complaint and a proposed consent order against PayPal (PYPL) for illegally signing up and billing tens of thousands of consumers for its online credit product, PayPal Credit. The Bureau alleges that PayPal, which is scheduled to be separated from eBay (EBAY), lured in consumers to this product with deceptive advertising, signed up people without them knowing it, and then mishandled billing disputes when they arose. Under the CFPB's proposed order, PayPal would return the $15M that it illegally took from consumers and it would pay a $10M penalty for its wrongful actions.
07:32 EDTEBAYPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
May 15, 2015
17:08 EDTEBAYSoros Fund gives quarterly update on stakes
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12:13 EDTEBAYThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
11:08 EDTEBAYOmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
10:55 EDTEBAYJANA Partners gives quarterly update on stakes
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06:13 EDTEBAYISS, Glass Lewis advise Intel investors to vote 'no' on eBay CEO, WSJ reports
ISS and Glass, Lewis & Co, two influential proxy advisory firms, are recommended Intel (INTC) investors vote against the reelection of eBay (EBAY) CEO John Donahoe to the company's board, The Wall Street Journal reports. Citing what it characterized as a poor attendance record, Glass Lewis commented "We view this as a failure by this director to fulfill a fundamental responsibility to represent shareholders at such meetings," while ISS said Donahoe "lacked a valid excuse" for attending less than 75% of the meetings held by the Intel board and committees he serves on in 2014. Intel's annual shareholders meeting is scheduled for May 21. Reference Link
May 14, 2015
17:36 EDTEBAYeBay, PayPal separation remains on-track to be completed in Q3
17:35 EDTEBAYPayPal names board following separation from eBay
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17:33 EDTEBAYeBay names board following separation from PayPal
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14:30 EDTEBAYPayPal to trade on Nasdaq with symbol 'PYPL' after separation completed
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06:04 EDTGSUnivision IPO could launch 'in weeks,' NY Post reports
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May 13, 2015
12:13 EDTGSGoldman Sachs management to meet with MKM Partners
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May 12, 2015
14:13 EDTGSBove says it may be time to buy bank stocks
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07:48 EDTGSStandard & Poor's to hold a summit
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07:34 EDTGSGoldman must pay $80M plus interest to National Australia Bank, Reuters reports
Goldman Sachs was recently ordered by an arbitration panel under the Financial Industry Regulatory Authority to pay $80M, plus interest, to the National Australia Bank over the sale of mortgage-linked securities, said Reuters, citing a court filing. Reference Link
May 11, 2015
08:18 EDTGSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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06:11 EDTGSStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 10, 2015
18:10 EDTGSGoldman Sachs to reach $129.5M forex settlement, WSJ says
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