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Stock Market & Financial Investment News

News Breaks
October 2, 2012
06:10 EDTJPM, FB, TRMD, COPOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Fed Chairman Bernanke answered criticism that the central bank's low-interest-rate policies are enabling bad fiscal policy in Washington, saying the Fed's approach could help reduce the federal budget deficit over time, the Wall Street Journal reports...Facebook (FB) is looking at new ways to leverage its greatest asset—personal data on about 900M people—again raising concerns about privacy. The strategy: selling access to its users, the Wall Street Journal reports...REUTERS: ConocoPhillips (COP) will sell its 8.4% stake in Kazakhstan's giant Kashagan oilfield, and the Central Asian nation is eager to acquire this share, senior Kazakh officials said, Reuters reports...The Danish shipping group Torm A/S (TRMD) struck a deal with its banks that will see them take a majority stake in the firm in exchange for extending $1.8B of debt and giving it access to new funds, Reuters reports...BLOOMBERG: Wall Street banks’ equities-trading units aren’t getting much relief from the strongest stock rally since 2009, as sinking volume and already thin margins threaten to make their annual performance the worst in six years. Q3 equities-trading revenue probably slid 14% from the same period in 2011, the fifth straight drop of more than 8%, according to estimates by JPMorgan Chase (JPM), Bloomberg reports...The SEC is playing catch up in its ability to analyze the computerized trading that has come to dominate American stock markets. Initiatives to increase the breadth of data received from exchanges and to record orders from origination to execution are at the center of the effort, Bloomberg reports.
News For FB;COP;TRMD;JPM From The Last 14 Days
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May 23, 2013
11:56 EDTJPMVisa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking.
09:02 EDTFBFacebook slips lower, breaks $25 threshold
The stock is down 1.5% in the pre-market to $24.77, breaking the psychologically important $25 support level. This move puts the shares at 3-month lows. At current price, next support is at $23.88, the 6-month low. Resistance is at $25.65.
08:10 EDTJPMJPMorgan compelling at current levels, says RW Baird
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07:12 EDTJPMWall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
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06:32 EDTJPMDimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link
06:29 EDTJPMSoftware firm Luxoft files for IPO in New York, Bloomberg reports
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06:08 EDTJPMOn the Fly: Periodicals Wrap-Up
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05:48 EDTJPMProxy advisers see their power diminish, WSJ reports
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May 22, 2013
14:54 EDTJPMJPMorgan not likely to add new board members soon, Bloomberg says
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14:27 EDTFBcomScore says Google Sites lead April U.S. online video rankings
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10:37 EDTFBPandora extends Facebook partnership with timeline App
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10:31 EDTJPMJPMorgan spikes higher along with peers, levels to watch
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09:02 EDTJPMFinancials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list.
08:58 EDTFBFacebook management to meet with Deutsche Bank
Meeting to be held in New York on May 22 hosted by Deutsche Bank.
May 21, 2013
16:26 EDTJPMOn The Fly: Closing Wrap
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16:04 EDTCOPOptions Update; May 21, 2013
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12:36 EDTJPMOn The Fly: Midday Wrap
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11:47 EDTJPMJPMorgan holders vote to keep Dimon as Chairman, CEO
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11:09 EDTJPMJPMorgan's Raymond says 'stay tuned' on composition of risk committee
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11:03 EDTJPMJPMorgan's Dimon says more regulatory consent orders expected
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