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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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April 23, 2015
10:12 EDTLMCACharter seen as white knight for Time Warner Cable if Comcast deal blocked
The shares of Time Warner Cable (TWC) are declining after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal. WHAT'S NEW: The FCC's staff yesterday recommended that the agency allow an administrative law judge to decide whether Comcast's proposed takeover of Time Warner Cable should be allowed to proceed, according to The Wall Street Journal. Such a move by the FCC would be seen as a strong sign that the agency does not believe that the takeover is in the public interest, the newspaper stated. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Mike McCormack upgraded time Warner Cable to Buy from Hold. Assuming the Comcast deal is going to close, Time Warner Cable's stock is worth $193, McCormack wrote. But, even in the unlikely event that the deal is not approved, Charter Communications is likely to step in and buy Time Warner Cable at a similar valuation as that which Comcast agreed to, McCormack predicted. An acquisition by Charter would face less regulatory risk than the Comcast deal, he added. Moreover, if the Comcast deal,is vetoed, Time Warner Cable could return up to $7B of cash to shareholders before holding talks with Charter, wrote the analyst, who set a $193 price target on Time Warner Cable. WHAT'S NOTABLE: John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter would look to buy Time Warner Cable if its deal with Comcast falls through. PRICE ACTION: In early trading, Time Warner Cable slipped fractionally to $149.30, Comcast rose 2% to $60 and Charter gained 0.4% to $185.70.
10:00 EDTBKOn The Fly: Analyst Upgrade Summary
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09:35 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB PBR TWTR AA COST TSLA AMZN TXN BAC
09:07 EDTCCiti to hold a conference call
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09:00 EDTCCiti anjnounces new FHA multifamily platform
Citi has obtained the Federal Housing Administration Multifamily Accelerated Processing Mortgagee designation by the U.S. Department of Housing and Urban Development, offering Citi Community Capital the opportunity to make available to its clients the fullest range of financing for all multifamily product types, including mixed-income and mixed-use development.
08:44 EDTBKBNY Mellon upgraded to Sector Perform from Underperform at Portales
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07:03 EDTMS, GS, BAC, WFCCapital Link to hold a forum
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06:29 EDTMSMorgan Stanley poised to obtain $2.3B from real estate unit sale, Reuters says
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05:53 EDTBACBank of America appeals $1.3B toxic home loan penalty, Financial Times reports
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April 22, 2015
16:00 EDTCOptions Update; April 22, 2015
iPath S&P 500 VIX Short-Term Futures down 22c to 21.30. Option volume leaders: AAPL TSLA TWTR MCD FB PBR AMZN KMI MYL C according to Track Data.
08:47 EDTBACSouth State to acquire 13 branches from Bank of America
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07:14 EDTJPMBrookings Institute to hold a conference
Global Cities Detroit Economic Conference is being held in Washington, D.C. on April 22 at 9 am.
06:34 EDTBKBNY Mellon reports Q1 EPS 67c, consensus 59c
Reports Q1 revenue $3.9B, consensus $3.75B. Reports Q1 book value per share $31.94. Reports Q1 CET1 capital ratio 11.2%. Reports Q1 Tier 1 capital ratio 12.2%.
April 21, 2015
16:00 EDTCOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
15:28 EDTBKNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Coca-Cola (KO), consensus 42c... Boeing (BA), consensus $1.81... McDonald's (MCD), consensus $1.06... EMC (EMC), consensus 36c... Abbott Laboratories (ABT), consensus 42c... Thermo Fisher Scientific (TMO), consensus $1.61... Bank of New York Mellon (BK), consensus 59c... TE Connectivity (TEL), consensus $1.01... T. Rowe Price Group (TROW), consensus $1.14... St. Jude Medical (STJ), consensus 91c... Amphenol (APH), consensus 56c... Nielsen (NLSN), consensus 47c... Citizens Financial Group (CFG), consensus 34c... Autoliv (ALV), consensus $1.31... D.R. Horton (DHI), consensus 38c... Westinghouse Air Brake Technologies (WAB), consensus 95c... Huntington Bancshares (HBAN), consensus 19c... SEI Investments (SEIC), consensus 49c... AutoNation (AN), consensus 89c... Gentex (GNTX), consensus 25c... Ryder System (R), consensus $1.00... Owens Corning (OC), consensus 13c... NuStar Energy (NS), consensus 58c... Six Flags (SIX), consensus (67c)... Tupperware Brands (TUP), consensus 98c... MarketAxess Holdings (MKTX), consensus 64c... Lithia Motors (LAD), consensus $1.22... Knight Transportation (KNX), consensus 31c... Evercore Partners (EVR), consensus 58c... Potlatch (PCH), consensus 19c... Natus Medical (BABY), consensus 29c... AZZ (AZZ), consensus 59c... United Community Banks (UCBI), consensus 29c... Sonus Networks (SONS), consensus (31c)... Angie's List (ANGI), consensus 0c... Pacific Premier Bancorp (PPBI), consensus 27c.
13:55 EDTBACBank of America Merrill Lynch to be fined GBP10M, Sky News says
The Financial Conduct Authority will fine Merrill Lynch International, a Bank of America Merrill Lynch subsidiary, GBP10M on Wednesday for incorrectly reporting certain financial transactions, reports Sky News, citing sources. http://news.sky.com/story/1469564/bank-of-america-braced-for-10m-fca-fine
13:45 EDTEADSYPoland to buy eight Patriot missile batteries from Raytheon, Reuters says
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09:02 EDTWFCBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
07:51 EDTMSBlackstone, Brookfield bid for A$9B of office properties, Globe and Mail says
Investa Property Group, Australia’s third-biggest owner of city center offices, is seeing interest from Blackstone (BX) and Brookfield Asset Management (BAM), as well as LaSalle Investment Management and China’s Fosun, for the A$9B portfolio of Australian office properties that Morgan Stanley (MS) is marketing on the company's behalf, said Bloomberg, citing people with knowledge of the matter. Reference Link
06:31 EDTJPMJPMorgan names Chien, Li as co-heads of Greater China banking, WSJ reports
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