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Stock Market & Financial Investment News

News Breaks
January 3, 2013
04:54 EDTGE, MET, UNB, CEDF Renewable Energy closes financing on Catalina Solar project
EDF Renewable Energy, formerly enXco, announced that it completed financing on the 143 MWp Catalina Solar project in California's Mojave Desert. Majority interest in the project was acquired by a group of investors comprising GE (GE) unit GE Energy Financial Services, Metropolitan Life Insurance Company, a wholly owned subsidiary of MetLife (MET), Union Bank, N.A. (UNB), and Citi (C).
News For GE;MET;UNB;C From The Last 14 Days
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May 20, 2013
06:31 EDTGEGE Capital board plans to pay $6.5B of dividends to parent GE in 2013
GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock.
May 16, 2013
08:33 EDTCBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
07:18 EDTCInvestors bet on banks hit by credit crisis, Bloomberg reports
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06:41 EDTCBig banks to benefit from U.S. concession on derivatives, NY Times says
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May 15, 2013
17:30 EDTGEGE, Boeing warn of defective engine parts, WSJ reports
General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link
17:03 EDTC, GESoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:02 EDTCOptions Update; May 15, 2013
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15:32 EDTCCitigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month
11:48 EDTCAppaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.
08:39 EDTMETMetLife to host investor day
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07:33 EDTGENational Association of Business Economics to hos a conference
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May 14, 2013
18:28 EDTCCiti announces sale of Credicard to Banco Itaú Unibanco
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16:00 EDTCOptions Update; May 14, 2013
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08:33 EDTCCFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link
08:18 EDTCDavid Tepper says Citigroup position 'more than twice' Apple stake
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08:10 EDTCDavid Tepper says biggest position remains Citigroup
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08:10 EDTCDavid Tepper says biggest position remains Citigroup
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07:23 EDTGEOppenheimer to host a summit
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07:11 EDTGEChina XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports
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06:09 EDTGEOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports.
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