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Stock Market & Financial Investment News

News Breaks
February 12, 2013
14:29 EDTFII, TROW, BENFederal Reserve presidents support money market mutual fund reform in letter
The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council's proposal on money market mutual fund reform, according to an announcement posted to the site of the Federal Reserve Bank of Boston. The twelve Reserve Bank presidents support the Council's efforts to address the structural vulnerabilities of MMFs. They also agree with the Council's determination that MMFs' activities and practices could create or increase the risk of liquidity and credit problems spreading through the financial system. In the letter, the Reserve Bank presidents discuss the risks associated with MMF activities and practices, focus on issues that should be addressed as part of any reform proposal, such as enhancing the accuracy of market-based net asset values, present observations on each of the three reform alternatives in the Council’s proposal, discuss why standby liquidity fees and temporary redemption gates would not address financial stability risks, and concur with the Council that more than one alternative could address the financial stability concerns posed by MMFs – for example, fund sponsors could be permitted to offer both a floating NAV fund and separately a stable NAV fund with a capital buffer or a buffer coupled with a Minimum Balance at Risk. The Fly notes that Federated Investors (FII) CEO Christopher Donahue has been an outspoken opponent of an effort to impose new regulations on the industry. Reference Link
News For FII;TROW;BEN From The Last 14 Days
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October 23, 2014
16:25 EDTFIIFederated Investors reports Q3 EPS 36c, consensus 35c
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15:30 EDTFIINotable companies reporting after market close
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07:52 EDTTROWT. Rowe Price expects 2014 CapEx $130M
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07:39 EDTTROWT. Rowe Price reports Q3 EPS $1.12, consensus $1.15
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October 22, 2014
15:37 EDTTROWNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 71c; Union Pacific (UNP), consensus $1.52; 3M (MMM), consensus $1.96; AbbVie (ABBV), consensus 77c; Celgene (CELG), consensus 95c; Eli Lilly (LLY), consensus 67c; Occidental Petroleum (OXY), consensus $1.57; Caterpillar (CAT), consensus $1.36; Alexion Pharmaceuticals (ALXN), consensus $1.16; Precision Castparts (PCP), consensus $3.32; Raytheon (RTN), consensus $1.60; American Electric Power (AEP), consensus $1.02; Southwest Airlines (LUV), consensus 53c; Lorillard (LO), consensus 90c; T. Rowe Price (TROW), consensus $1.15; Mead Johnson (MJN), consensus 91c; Zimmer Holdings (ZMH), consensus $1.30; Nucor (NUE), consensus 73c; Nielsen (NLSN), consensus 65c; Prologis (PLD), consensus 46c; Sigma-Aldrich (SIAL), consensus $1.06; Under Armour (UA), consensus 40c; EQT (EQT), consensus 56c; Dr Pepper Snapple (DPS), consensus 88c; Cameron International (CAM), consensus $1.10; Coca-Cola Enterprises (CCE), consensus 89c; Quest Diagnostics (DGX), consensus $1.08; CMS Energy (CMS), consensus 41c; Airgas (ARG), consensus $1.29; PulteGroup (PHM), consensus 36c; Diamond Offshore (DO), consensus 79c; Bemis (BMS), consensus 67c.

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