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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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April 10, 2014
08:22 EDTEBAYeBay says appointment will expand independent directors to 10
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08:22 EDTEBAYeBay says to appoint David Dorman as independent director
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08:21 EDTEBAYeBay, Carl Icahn settle proxy contest, PayPal spin-off proposal withdrawn
eBay announced that it has reached an agreement with investor Carl Icahn, ending the proxy contest before the company’s upcoming annual meeting of stockholders. Icahn is withdrawing both his proposal to separate the company’s PayPal business and his two nominees to the company’s Board of Directors. The company said it has agreed to Icahn’s suggestion to appoint business executive David Dorman as an independent director to its Board of Directors. This will expand the number of independent directors to 10 on the 12-member board. The other two directors are eBay Founder and Chairman Pierre Omidyar, the company’s largest shareholder, and company President and CEO John Donahoe. Dorman is a Founding Partner of Centerview Capital Technology. “We are very pleased to have reached this agreement with Carl, settling proxy issues and enabling our board and management team to focus our full attention on a goal every shareholder agrees on – growing PayPal and eBay, and delivering sustainable shareholder value,” said eBay President and CEO John Donahoe. “As a result of our conversations, it became clear that Carl and I strongly agree on the potential of PayPal and our company,” Donahoe said. “I respect Carl’s willingness to work together to drive sustainable shareholder value today and into the future. His record shows that he has done this with many other companies in the past. Icahn has signed a confidentiality agreement covering any non-public information that directors and certain officers of the company may share with him. In addition, the company agreed not to adopt a policy precluding such persons from speaking to Icahn, and that it would advise them that they may speak to Icahn if they are willing to do so.
08:18 EDTEBAYeBay, Icahn settle proxy contest, PayPal spin-off proposal withdrawn, CNBC says
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08:15 EDTGSGoldman COO says company committed to Brazil operations, Reuters says
Goldman Sachs COO Gary Cohn asserted that the company is committed to retaining its investment-banking operations in Brazil as part of its world-wide footprint, according to Reuters, citing comments from Cohn. Reference Link
07:55 EDTGSGoldman joined by RBC in suing clients after Singapore crash, Bloomberg says
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06:35 EDTGSMobile banking presents opportunity and risks for banks, WSJ reports
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April 9, 2014
13:20 EDTEBAYeBay option activity suggests bullish move, Barron's reports
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06:51 EDTGSGoldman, Warburg move forward in China Huarong sale, Reuters says
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06:35 EDTGSRegulators increase leverage ratio requirement for large banks, NY Times says
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06:27 EDTGSBig banks must add capital to comply with new rules, WSJ reports
A of January 1, 2018, the U.S.'s eight largest banks -- including Citigroup (C), JPMorgan (JPM) and Goldman Sachs (GS) -- must add up to $68B in extra capital to comply with a new rule intended to help firms weather losses during periods of market stress, the Wall Street Journal. The banks will be required to maintain well above the minimum levels of capital held against assets on their books. Banks must report the new levels next year. Reference Link
April 8, 2014
18:56 EDTGSOn The Fly: After Hours Movers
NOTABLE: General Motors (GM) was fined by the National Highway Traffic Safety Administration for failing to respond to the agency's inquiry into the company's recall of faulty ignition switches in a timely manner... According to a report by The Wall Street Journal, Goldman Sachs (GS) executives have broached the subject of closing its dark pool trading operation, Sigma X. HIGHER: Constant Contact (CTCT), up 13% after giving a preliminary first quarter revenue outlook that beat estimates and raising its fiscal 2014 revenue guidance... Alcoa (AA), up 2.5% after reporting adjusted profit that beat estimates on revenue that missed expectations. LOWER: Intuitive Surgical (ISRG), down 9.5% after giving a first quarter revenue outlook that widely missed expectations and saying it will take a $67M charge in the quarter related to legal settlements.
18:29 EDTGSGoldman Sachs considers shutting down dark pool Sigma X, WSJ reports
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11:50 EDTEBAYeBay ChannelAdvisor data points to upside to estimate at Piper Jaffray
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09:01 EDTEBAYAmazon SSS grew 26.2% in March, eBay SSS up 17.8%, says ChannelAdvisor
Amazon.com's (AMZN) SSS grew 26.2% in March and eBay's (EBAY) SSS came in at 17.8% for the month, according to ChannelAdvisor. eBay's growth rate was the highest since August 2013, the blog post noted. Reference Link
06:46 EDTGSGoldman expects Orban risk as Hungary bonds suffer, Bloomberg says
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05:53 EDTEBAYeBay's Magento, PayPal announce partnership with BOXPARK
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April 7, 2014
19:57 EDTGSFederal Reserve announces extension on some CLOs
The Federal Reserve Board announced that it intends to exercise its authority to give banking entities two additional one-year extensions to conform their ownership interests in and sponsorship of certain collateralized loan obligations, or CLOs, covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly referred to as the Volcker rule. Section 619 of the Dodd-Frank Act directed the board to adopt rules for the conformance period and the board previously extended the conformance period for all activities and investments by one year to July 21, 2015. To ensure effective compliance, the board intends to grant banking entities two additional one-year extensions, which together would extend until July 21, 2017, to conform their ownership interests in and sponsorship of CLOs to the statute. Publicly traded companies that may be impacted by the announcement include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
07:16 EDTEBAYRetailers muscle into competitive mobile payment market, Reuters says
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06:28 EDTGSGoldman sees opportunity to slice China junk debt after gains, Bloomberg says
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