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Stock Market & Financial Investment News

News Breaks
October 9, 2012
06:13 EDTSTT, LMCA, MS, JPM, FIATY, BAESY, USB, C, GS, BK, EADSY, WFC, BACOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The global economy risks sliding toward recession three years after pulling out of the previous one, the IMF warned, adding that fighting a renewed world-wide downturn will be much more complex than it was before, the Wall Street Journal reports...U.S. banks and the Fed are fighting over a new round of "stress tests" before the annual exams begin this fall. The battle centers on the math regulators are using to produce the results. Bankers want more detail on how the calculations are made, and the Fed has resisted disclosing more than it has, the Wall Street Journal reports...REUTERS: Phil Anschutz began auctioning Anschutz Entertainment Group, with an expectation that the sports and entertainment giant should draw bids in the $10B range, higher than previously believed, sources say. Potential bidders include trade buyers such as Liberty Media Corp (LMCA), investment companies such as Guggenheim Partners LLC; private equity firms such as Thomas H. Lee Partners LP, Bain Capital LLC and Colony Capital LLC, Reuters reports...British Defence Secretary Philip Hammond said he hoped to meet his French, German and U.S. counterparts to discuss the proposed merger of aerospace groups EADS (EADSY) and BAE Systems (BAESY), a day before a deadline for the deal, Reuters reports...BLOOMBERG: State Street (STT) and Bank of New York Mellon (BK) will charge depositors negative interest rates to hold Danish kroner and Swiss francs as customers seek refuge from the crisis-stricken euro. That means money managers, insurance companies and pension funds have to pay the bank to hold the cash, Bloomberg reports....Fiat (FIATY) will lower its outlook for the European auto market when the company updates its five-year plan that runs through 2014, said CEO Sergio Marchionne said, Bloomberg reports.
News For GS;JPM;BAC;C;MS;WFC;USB;LMCA;EADSY;BAESY;STT;BK;FIATY From The Last 14 Days
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July 22, 2015
18:37 EDTBACBank of America CFO Bruce Thompson to step down, WSJ reports
Bank of America CFO Bruce Thompson is leaving the bank, according to an internal memo, and will be replaced with Paul Donofrio, the Wall Street Journal reports. Reference Link
16:26 EDTCCiti releases results of 2015 Dodd-Frank Stress Test
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12:58 EDTCCiti says to wind down banking operations at Banamex USA
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12:53 EDTCFDIC announces $140M civil penalty against Citi's Banamex USA unit
The FDIC announced the assessment of a civil money penalty of $140M against Banamex USA, Century City, California, for violations of the Bank Secrecy Act and anti-money laundering laws and regulations. In a concurrent action, the California Department of Business Oversight assessed a civil money penalty of $40M. The FDIC's penalty of $140M will be satisfied in part by the CDBO's penalty. The FDIC's penalty will be paid to the United States Department of the Treasury. In taking this action, the FDIC determined that the bank failed to implement an effective BSA/AML Compliance Program over an extended period of time. The institution failed to retain a qualified and knowledgeable BSA officer and sufficient staff, maintain adequate internal controls reasonably designed to detect and report illicit financial transactions and other suspicious activities, provide sufficient BSA training, and conduct effective independent testing.
09:01 EDTWFCWells Fargo names Pelos to oversee commercial, corporate, treasury mangement
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08:13 EDTEADSYAvolon delivers Airbus A321-200 to Vueling Airlines
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08:03 EDTEADSYOrbital ATK, Airbus finalize agreement on A350-1000 variant
Orbital ATK (OA) announced that it has finalized an agreement with Airbus (EADSY) to expand its current contract to include the manufacture of composite stringers and frames on the –1000 variant of the A350 program, adding to the work already being performed on the A350 program. This agreement builds on Orbital ATK’s valuable working relationship with Airbus and its partners. The Aerospace Structures Division of Orbital ATK’s Flight Systems Group is executing the A350 program at its Aircraft Commercial Center of Excellence facility in Clearfield, Utah. Orbital ATK is currently producing composite stringers and frames for the A350-900 and has successfully delivered more than 44,000 parts since the inception of the program. Orbital ATK expects that the contract expansion will require future hiring of additional professional and manufacturing employees, benefiting the local job market in Utah.
06:56 EDTBAESYContractor mergers, sales fueled by government spending cuts, Reuters says
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06:42 EDTEADSYAirbus China plant to deliver first wide-body jet in 2018, Reuters says
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06:09 EDTJPM4 arrested men suspected of JPMorgan hacking, NYT reports
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July 21, 2015
19:23 EDTJPMJPMorgan Chase to expand into Washington D.C., NY Post says
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16:13 EDTJPMJPMorgan releases results of 2015 Dodd-Frank Stress Test
Common Equity Tier 1 ratio would be 8.1% in severe adverse scenario and Tier 1 risk-based capital ratio would be 9.6%. Reference Link
16:01 EDTBACOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
10:58 EDTCCiti fined $70M, ordered by CFPB to provide $700M in relief
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09:35 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
08:49 EDTMSMorgan Stanley price target raised to $46 from $40 at BMO Capital
BMO Capital raised its price target on Morgan Stanley after the company reported higher than expected core Q2 EPS. The firm says that all of the company's segments delivered results that beat expectations. The firm raised its annual EPS estimates for the company by 2% and keeps an Outperform rating on the shares.
08:35 EDTJPM, GSVarian Medical signs agreement to operate first proton facility in New York
Varian Medical Systems (VAR) announced that it has entered into an agreement with New York Proton Management, a consortium of leading New York healthcare institutions including Memorial Sloan Kettering Cancer Center, Mount Sinai Health System, Montefiore Health System, and ProHEALTH Medical Management formed to operate The New York Proton Center, the first proton facility in New York State. Varian will provide the center, which will have four treatment rooms and a research room, with its ProBeam system, as well as 10 years of service for approximately $115M. The center, which will be located in Manhattan, is expected to open for treatment in the first half of 2018. Varian expects to book the equipment portion of the order in Q4 with the remainder of the order to be booked in accordance with the company's policies over the term of the agreement. Under an agreement with MM Proton I, LLC, the project developer, Varian's international subsidiary in Switzerland will provide $91.5M in project financing, including a six-and-half-year $73M senior first lien loan at 9% interest and a six-and-half-year $18.5M subordinate loan at up to 13.5% interest. Other lenders for the $242.7M in total project loans include JPMorgan Chase Bank (JPM) and an affiliate of The Goldman Sachs Group (GS). The project facility is managed by Murphy & McManus, a Boston-based developer of healthcare and life science facilities and Norton Travis of NLT Advisors served as project coordinator on behalf of the consortium.
07:13 EDTGSGoldman Sachs applies to own, trade Saudi stocks, Bloomberg reports
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06:36 EDTBKBNY Mellon reports Q2 EPS 73c, consensus 66c
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06:07 EDTMSONUG: Yahoo hires VP of global network from Symantec
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