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Stock Market & Financial Investment News

News Breaks
May 12, 2014
04:55 EDTEVER, EVER, TLR, TLR, TRX, TRX, GROW, GROW, GOLD, GOLD, XRA, XRA, HSBC, HSBCSummit Professional Networks to hold a conference
Metals & Minerals Investment Conference to be held in New York on May 12-13.
News For GROW;GOLD;XRA;HSBC;EVER;TLR;TRX From The Last 14 Days
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February 5, 2016
12:15 EDTHSBCHSBC to pay $470M to resolve mortgage serving investigation by US goverment
New York Attorney General Eric Schneiderman announced a $470M joint state-federal settlement with mortgage lender and servicer HSBC to address mortgage origination, servicing, and foreclosure abuses. The settlement provides direct payments to New York borrowers for past foreclosure abuses, loan modifications, and other relief for borrowers in need of assistance, rigorous mortgage servicing standards, and grants oversight authority to an independent monitor. It is estimated that New York State has nearly 136,000 HSBC loans, nearly 31% of HSBC's total portfolio. The settlement includes New York,48 other states, the District of Columbia, the U.S. Department of Justice, the U.S. Department of Housing and Urban Development (HUD), and the Consumer Financial Protection Bureau. Reference Link
08:58 EDTTRXTanzanian Royalty subsidiary provides notice of Force Majeure
Tanzanian Royalty announces that its subsidiary Tanzam has provided notice of Force Majeure under its agreement with STAMICO, owned by Tanzanian Treasury. "This notice of Force Majeure is based upon the invasion and forced occupation by several hundred illegal miners of our mining properties including the South Pit and other areas within the Buckreef site, thereby endangering our team and preventing Tanzam from continuing its mining operations. This continuing intrusion into our mines now at night is well known to the government authorities, as are the active illegal mining operations taking place right on our border. We ordered our security force to stand down in order to prevent a more serious confrontation. This event, we believe, may have been incited by an energetic speech made in the local village by the Deputy Minister of Energy and Minerals stating that land would be given to the artisans for legal mining within 14 days. On the 15th day the large invasion took place. Our decision to act was to protect the assets of our stockholders and put a stop to these actions which do not respect contracts or due process of law. Invasions are continuing by stealth and at night. The Deputy Minister requested a meeting onsite in early January. During the meeting cell phones and note books were forbidden by the Deputy Minister's staff, but the Deputy Minister's speech was videotaped. We have the master of this videotape. This same Deputy Minister made many other requests to be accomplished within 14 days that were not contractual obligations or required by mining law. The company was threatened with extreme sanctions without due process of law if the demands were not met. We intend to file various other legal actions with other ministries in connection with our mining and exploration equipment on the site of the Kigosi Mining License which is in good standing, including acts preventing our employees from entering the mining areas under license to us in order to take inventory of our equipment. In no case would any government official issue a letter to us concerning their verbal orders denying us access to the Kigosi site."
February 1, 2016
09:15 EDTHSBCHSBC sale of Brazil unit to get closer antitrust examination, Bloomberg reports
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08:40 EDTHSBCHSBC imposing global hiring, pay freeze, Reuters reports
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January 31, 2016
15:43 EDTHSBCHSBC to impose hiring, salary freeze in 2016, Bloomberg says
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January 29, 2016
07:54 EDTHSBCCyber attack temporarily shuts down HSBC Internet banking, Bloomberg reports
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January 28, 2016
12:14 EDTEVEREverBank upgraded to Neutral from Underperform at BofA/Merrill
January 27, 2016
06:05 EDTEVEREverBank reports Q4 adjusted EPS 34c, consensus 31c
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05:10 EDTTLRTimberline Resources announces vountary delisting from NYSE
Timberline Resources announces its intention to file a Form 25 with the SEC to voluntarily withdraw its common shares from listing on the NYSE MKT. Timberline expects to file the Form 25 on February 5, 2016 and expects the delisting to be effective approximately 10 days after the filing of the Form 25. The voluntary delisting is part of Timberline's on-going emphasis on cost control and cash conservation. It is intended to simplify the company's administrative requirements and to reduce listing fees and legal and administrative costs associated with the listing of the common shares on two different stock exchanges. In addition, Timberline considered the fact that the company's financial condition is not in compliance with the continued listing requirements of the NYSE MKT and that the company had received a warning from the Exchange regarding its low share price. Potential resolutions may have required the company to undertake certain corporate or other actions primarily to meet such requirements which may not be in the best interests of Timberline or its shareholders. Therefore, Timberline's board determined that the costs and compliance obligations of maintaining a listing of the company's common shares on the NYSE MKT outweigh the benefits to Timberline and its shareholders at this time and have voted to withdraw the company's shares from listing on the Exchange. Timberline expects that its common shares will continue to trade on the TSX Venture Exchange under symbol TBR, and that its shares will be qualified for trading on the OTCQB Venture Marketplace with trading on the OTCQB commencing on February 16, which is the day following the effective date of the delisting from the NYSE MKT. Timberline has complied with all applicable state and federal securities laws in connection with the delisting and is expected to continue to file reports with Canadian securities regulators on SEDAR and with the SEC on EDGAR following the voluntary delisting
January 26, 2016
17:29 EDTHSBCHSBC board meeting Wednesday to consider move to Hong Kong, Reuters says
HSBC's board of directors will meet Wednesday to consider potentially moving company headquarters to Hong Kong, reports Reuters, citing a source, who noted that China's "increasing influence" over the territory could factor into the decision. Reference Link
08:07 EDTTLRTimberline Resources says Scott Davis to succeed Randal Hardy as CFO
Timberline Resources announced that Scott Davis will succeed Randal Hardy as the company's CFO following a brief transition period. Hardy has resigned from his office effective January 19, 2016, but will remain available to the company during a period to ensure a smooth transition. Davis is a CPA, and CGA and a partner of Cross Davis & Company LLP Certified General Accountants, a firm focused on providing accounting and management services for publicly-listed companies.
08:06 EDTTLRTimberline signs LOI to sell 50% interest in Butte Highlands JV to NJMC
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