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Stock Market & Financial Investment News

News Breaks
April 2, 2014
10:00 EDTESS, HSTM, IMO, NDZ, MDCO, USB, ONB, EIXOn The Fly: Analyst Downgrade Summary
ArcelorMittal (MT) downgraded to Neutral from Outperform at Credit Suisse... Essex Property Trust (ESS) downgraded to Neutral from Buy at Goldman... Healthstream (HSTM) downgraded to Market Perform from Outperform at Northland... Imperial Oil (IMO) downgraded to Underperform from Neutral at BofA/Merrill... Nordion (NDZ) downgraded to Hold from Buy at Canaccord... The Medicines Co. (MDCO) downgraded to Neutral from Overweight at Piper Jaffray... U.S. Bancorp (USB) downgraded to Hold from Buy at Sandler O'Neill... Old National Bancorp (ONB) downgraded to Hold from Buy at Sandler O'Neill... Edison International (EIX) downgraded to Hold from Buy at Argus.
News For ESS;HSTM;IMO;NDZ;MDCO;USB;ONB;EIX From The Last 14 Days
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October 1, 2014
11:46 EDTUSBDavid Tepper says economy good, stock market not at high multiple currently
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September 29, 2014
09:00 EDTESSEssex Property Trust reports cyber-incident on computer networks
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07:58 EDTUSBWarren calls for hearing on 'disturbing' Fed tapes, Reuters reports
Two members of the the Senate Banking Committee, Democrats Elizabeth Warren and Sherrod Brown, called for an investigation into the issues raised by secretly taped conversations between officials at Goldman Sachs (GS) and supervisors at the New York Federal Reserve, reported Reuters. Other large U.S. banks include Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 26, 2014
06:51 EDTEIXEdison International management to meet with Deutsche Bank
Meeting to be held in Boston on September 26 hosted by Deutsche Bank.
September 25, 2014
15:10 EDTUSBHolder resignation as AG positive for banks, says Rafferty Capital
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13:30 EDTUSBU.S. Bancorp fined $9M, to pay $47.9M in restitution for identity-theft products
The Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau, or CFPB, has fined U.S. Bancorp $9M and has ordered the company to pay $47.9M in restitution to customers for selling identity-theft products with out providing the full benefits of the products. In a statement, the CFPB said, "The billing of Identity Protection Product fees and acceptance of payments of such fees while failing to provide credit monitoring and credit report retrieval services has resulted in substantial injury to approximately 420,115 consumers in the amount estimated to be $47.9M for identity protection products. This injury was not reasonably avoidable by consumers and is not outweighed by any countervailing benefit to the consumers or to competition. Within 10 days of the effective date, the Bank must reserve or deposit into a segregated deposit account $47.9M, which represents the approximate amount of customer injury caused by the practices described in Section V, for the purpose of providing redress to affected customers as required by this Section." Reference Link
08:07 EDTUSBU.S. Bancorp extends freight-payment trade finance capability to Europe
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September 24, 2014
11:14 EDTEIXEdison International unit signs amended settlement agreement
Edison International's subsidiary, Southern California Edison, San Diego Gas & Electric, The Utility Reform Network, the California Public Utilities Commission Office of Ratepayer Advocates, Friends of the Earth and the Coalition of California Utility Employees signed an amended Settlement Agreement in the San Onofre Nuclear Generating Station Units 2 and 3 Order Instituting Investigation proceeding. The Amended Settlement Agreement reflects changes requested by the Assigned Commissioner and Administrative Judges’ Ruling that was issued on September 5. The changes adjust the customer/ratepayer portion of third party recoveries, address increased emissions, and increase oversight of revised rate calculations by the CPUC, among other matters. Provisions were added to the Amended Settlement Agreement regarding the funding of a Research, Development and Demonstration program at the University of California that is intended to develop technologies and methodologies to reduce greenhouse gas emissions, particularly at existing and future California power generating plants that will be replacing the power generated by the San Onofre plant that would total approximately $4M per year for five years for SCE's share.
09:59 EDTONBOn The Fly: Analyst Upgrade Summary
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09:20 EDTONBOld National Bancorp upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Old National Bancorp to Buy from Neutral. The firm says that investors' focus is shifting to the company's organic growth and operating leverage after it carried out several deals. Sterne notes that the company's valuation is well below that of its peers.
07:37 EDTONBOld National Bancorp upgraded to Buy from Neutral at Sterne Agee
06:14 EDTMDCOThe Medicines Co. to host investor and analyst meeting
Infectious Disease Care Investor and Analyst Meeting will be held on September 24 at 8:30 am. There will be a conference call hookup and webcast available. Webcast Link
September 23, 2014
08:03 EDTONBCFA Society of Indianapolis to hold a conference
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September 22, 2014
06:17 EDTEIXEdison unit, others file joint response to ACR ruling
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September 18, 2014
14:08 EDTUSBBanks look to high-interest personal loans to boost revenue, WSJ says
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