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News Breaks | | | | January 9, 2013 | | 06:12 EDT |  | JPM, SSNLF, GS, IRE, AAPL, CHL, SNE | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: In a change of industry practice, Goldman Sachs (GS) will begin disclosing the values of its money-market mutual funds daily rather than monthly, sources say. Some of the changes will take effect as soon as today. Experts said the move could force other firms in the $2.7T industry to follow, the Wall Street Journal reports...Sony Corp. (SNE) wants to establish itself as one of the world's top-three smartphone manufacturers as part of its turnaround plan, but it doesn't see the need to acquire another handset maker to solidify its position behind Apple (AAPL) and Samsung (SSNLF), the Wall Street Journal reports...REUTERS: Apple (AAPL) CEO Cook is meeting with partners and government officials in China on his second visit to its second-largest market in less than a year. Analysts say the company's longer-term outlook in the market may hinge on expanding its partners to include China Mobile (CHL), Reuters reports...Pressured to improve the quality of its IPOs, China will tell underwriters and auditors of companies looking to list on mainland markets to review their financial statements and ensure that all is in order, sources say, Reuters reports...BLOOMBERG: Irish Finance Minister Noonan said the government will sell at least half of its $1.3B of so-called contingent convertible capital notes in Bank of Ireland (IRE). Investment banks approached the ministry late last year indicating there was a “sizable investor interest,” Bloomberg reports...JPMorgan Chase & Co. (JPM) CEO Dimon said some top executives at the bank “acted like children” in handling an errant derivatives bet that cost the company more than $6.2B last year, Bloomberg reports. | |
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News For GS;SNE;AAPL;SSNLF;CHL;IRE;JPM From The Last 14 Days Check below for free stories on GS;SNE;AAPL;SSNLF;CHL;IRE;JPM the last two weeks. |
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| May 23, 2013 | | 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
 Subscribe for More Information | | | 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
Subscribe for More Information | | | 07:11 EDT | | AAPL | EU's Barnier wants big companies to disclose national tax bills, Reuters reports
Subscribe for More Information | | | 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link | | | 06:29 EDT | | JPM | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 06:08 EDT | | AAPL, JPM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 06:04 EDT | | SNE, AAPL | Apple hoping to launch music service at June conference, NY Post reports
Subscribe for More Information | | | 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | 05:45 EDT | | AAPL | Big companies remove subsidiaries based on SEC disclosure rules, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | GS | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | | 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
Subscribe for More Information | | | 14:29 EDT |  | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. | | | 14:27 EDT |  | SNE | comScore says Google Sites lead April U.S. online video rankings
Subscribe for More Information | | | 13:43 EDT | | SSNLF | Samsung takes stake in Pantech, AllThings D says
Subscribe for More Information | | | 13:07 EDT | | GS | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | | 12:07 EDT | | AAPL, SSNLF | Consumer Reports says Galaxy S 4 is top smartphone, iPhone 5 fifth, CNN says
Subscribe for More Information | | | 10:31 EDT |  | JPM | JPMorgan spikes higher along with peers, levels to watch
Subscribe for More Information | | | 09:42 EDT | | AAPL | Apple rises in early trading, levels to watch
Subscribe for More Information | | | 09:39 EDT | | AAPL | Active equity option families trading
Subscribe for More Information | | | 09:02 EDT | | JPM, GS | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | |
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