New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 20, 2014
17:12 EDTHPQ, BRK.A, BAC, MET, HTZOn The Fly: Closing Wrap
The broader market opened slightly lower as investors moved to the sidelines awaiting the release of the minutes from last monthís FOMC meeting. There was little else for investors to key in on as the geopolitical situations were fairly quiet and the economic calendar was devoid of any major releases. As a result the averages drifted throughout the morning but by lunch time had crossed into positive ground. From there the Dow would take the lead while the Nasdaq lagged. The knee jerk reaction to the Fedís minutes, which showed a more heated debate about when to raised interest rates, pushed the market lower. After digesting the notes the market turned and closed with its fifth positive finish in the past six sessions. ECONOMIC EVENTS: The Mortgage Bankers' Association Purchase Applications showed a week-over-week drop of -0.4% in the purchase index, but a 3% rise in the refinance index... The EIA Petroleum Status Report showed a 4.5M draw in oil inventories to 362.5M barrels during last week... In the Fed minutes released at 2:00 pm ET, "many" FOMC members said that stimulus may have to be removed sooner than expected. COMPANY NEWS: After the close, Hewlett-Packard (HPQ) reported in-line Q3 earnings and Q4 guidance... Berkshire Hathaway (BRK.A) consented to a final judgment whereby it agreed to pay a civil penalty of $896,000 for failure to comply with the premerger reporting and waiting requirements of the Hart-Scott Rodino Act... Bank of America (BAC) reached a $17B settlement over mortgage backed securities sales, according to the Associated Press... MetLife (MET) has been moved closer to potentially being designated as a "systemically important financial institution," according to the Wall Street Journal. MAJOR MOVERS: Hertz (HTZ) rebounded after Carl Icahn reported an 8.48% stake in the company and said he plans to hold talks with the management. The stock closed down 3.9% after trading down over 9% intra-day. INDEXES: The Dow closed up 59.54, or 0.35%, to 16,979.13, the Nasdaq closed down 1.03, or 0.02%, to 4,526.48, and the S&P 500 closed up 4.91, or 0.25%, to 1,986.51.
News For A;BAC;MET;HTZ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
October 29, 2014
15:53 EDTMETNotable companies reporting after market close
Subscribe for More Information
07:26 EDTBACSecurities Industry & Financial Markets Association to hold a forum
The SIFMA Complex Products Forum is being held in New York on October 29.
October 28, 2014
13:55 EDTHTZThree car rental companies engage in 'constructive dialogue' with EC
Subscribe for More Information
10:29 EDTMETMetLife October volatility elevated into Q3 and outlook
MetLife October weekly call option implied volatility is at 38, November is at 24, December is at 21, January is at 22; compared to its 26-week average of 24 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 29.
08:34 EDTHTZHertz opens new heavy industrial equipment facility in Missouri
Subscribe for More Information
06:39 EDTBACSEC undecided on Bank of America business curbs, WSJ reports
An international disagreement within the SEC is threatening potentially lucrative revenue streams at Bank of America, reports the Wall Street Journal. According to people close to the situation, the SEC is deadlocked on whether to allow the bank to continue selling share sin hedge funds and startups to wealthy investors. The deadlock is also over the company's ability to quickly issue stocks and bonds without the speed bump of an SEC review. Reference Link
October 27, 2014
18:38 EDTAS&P announces changes to the S&P MidCap 400 and S&P SmallCap 600 indices
Subscribe for More Information
11:07 EDTBACFINRA fines Merrill $6M for Reg SHO violations, supervisory violations
The Financial Industry Regulatory Authority, FINRA, announced that it has censured and fined Merrill Lynch Professional Clearing Corp. $3.5M for violating Regulation SHO, an SEC rule that established a regulatory framework to govern short sales and prevent abusive naked short selling. FINRA also censured and fined its affiliated broker-dealer, Merrill Lynch, Pierce, Fenner & Smith Incorporated, $2.5M for failing to establish, maintain and enforce supervisory systems and procedures related to Regulation SHO and other areas. Reference Link
06:33 EDTBACRoku preparing IPO, NY Times says
Subscribe for More Information
October 23, 2014
06:32 EDTBACGovernment relaxing mortgage regulations, NY Times says
Subscribe for More Information
October 22, 2014
15:19 EDTBACBank of America Apple Pay glitch should be fixed today, Re/code reports
The Apple (AAPL) Pay glitch that some Bank of America (BAC) customers experienced, where they would be charged twice for a single transaction, should be fixed by today, Re/code reports, citing a person familiar with the error. Reference Link
12:53 EDTBACSome BofA customers charged twice by Apple Pay, CNN Money reports
Subscribe for More Information
09:38 EDTBACActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
October 21, 2014
14:09 EDTHTZThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
11:02 EDTHTZHertz, United Airlines upgrade partnership
Subscribe for More Information
08:18 EDTBACBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
08:12 EDTHTZNissan selects Hertz as exclusive mobility partner
Subscribe for More Information
October 20, 2014
08:58 EDTHTZJana Partners reports 7% stake in Hertz, says may engage in talks
Subscribe for More Information
07:10 EDTAAmerican Society of Human Genetics to hold annual meeting
Subscribe for More Information
October 17, 2014
16:55 EDTBACStocks end volatile week lower amid oil price plunge
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use