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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:25 EDTHTHIY, LYG, HSBCHitachi gathers $4.5B to finance Scotland-London express trains, Bloomberg says
Hitachi (HTHIY) has gathered $4.5B from an array of international institutions to fund its contract to construct 65 high-speed express trains to use on Britainís East Coast rail line between Scotland and London, according to Bloomberg, citing a company spokeswoman. Some of the lenders include the Bank of Tokyo-Mitsubishi, Japan Bank for International Cooperation, HSBC (HSBC), Lloyds Banking (LYG) and the European Investment Bank. Reference Link
News For HTHIY;HSBC;LYG From The Last 14 Days
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February 11, 2016
06:20 EDTHSBCHSBC abandons intention for 2016 pay freeze, Reuters reports
HSBC has abandoned plans to freeze pay this year while remaining cautious on its revenue guidance, Reuters reports, citing a memo from CEO Stuart Gulliver seen by Reuters. The memo comes just a few days before the lender's board is scheduled to discuss whether the company will relocate its headquarters to Hong Kong or remain in London, the report says. Pay increases will be funded from a bonus pool which was originally meant for payments to be made in 2017, the report says. Reference Link
February 10, 2016
08:15 EDTHSBCHSBC plans to meet Sunday to go over headquarters decision, Bloomberg says
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06:54 EDTHSBCHSBC sued by families of murdered victims in drug money case, Reuters says
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06:41 EDTLYG, HSBCCredit Suisse CEO: Selloff of shares 'not justified,' FT reports
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February 9, 2016
09:55 EDTHSBCHSBC volatility elevated
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06:10 EDTHSBCHSBC volatility elevated as shares trend lower
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February 8, 2016
18:46 EDTHSBCHSBC leaning towards keeping headquarters in London, FT says
HSBC is leaning towards maintaining its headquarters in London rather than moving to Hong Kong, reports the Financial times, citing sources. In private meetings over the past several weeks, CEO Stuart Gulliver has argued against leaving the U.K., saying the environment is much more stable than he had previously feared. Reference Link
10:00 EDTHSBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: A-Mark Precious Metals (AMRK) downgraded to Neutral from Buy at B. Riley... Antero Midstream (AM) downgraded to Neutral from Outperform at Baird... AstraZeneca (AZN) downgraded to Hold from Buy at HSBC... Baker Hughes (BHI) downgraded to Equal Weight at Morgan Stanley... Brixmor (BRX) downgraded to Neutral from Outperform at Boenning & Scattergood... CBOE Holdings (CBOE) downgraded to Underperform from Outperform at CLSA... Cisco (CSCO) downgraded to Buy from Conviction Buy at Goldman... Citi Trends (CTRN) downgraded to Neutral from Buy at MKM Partners... Commerzbank (CRZBY) downgraded to Underperform from Market Perform at Keefe Bruyette... DexCom (DXCM) downgraded to Neutral from Outperform at Baird... EnLink Midstream (ENLC) downgraded to Underperform from Outperform at Baird... Energy Transfer Equity (ETE) downgraded to Neutral from Outperform at Baird... Energy Transfer Partners (ETP) downgraded to Neutral from Outperform at Baird... Eversource (ES) downgraded to Equal Weight from Overweight at Barclays... Genesis Healthcare (GEN) downgraded to Sell from Neutral at UBS... Givaudan (GVDNY) downgraded to Neutral from Buy at Goldman... HSBC (HSBC) downgraded to Underweight from Equal Weight at Morgan Stanley... Nomura (NMR) downgraded to Hold from Buy at Deutsche Bank... Novo Nordisk (NVO) downgraded to Sell from Neutral at UBS... ONEOK Partners (OKS) downgraded to Underperform from Neutral at Baird... ONEOK (OKE) downgraded to Neutral from Outperform at Baird... PPL Corp. (PPL) downgraded to Hold from Buy at Evercore ISI... Plains All American (PAA) downgraded to Underperform from Outperform at Baird... Plains GP Holdings (PAGP) downgraded to Underperform from Neutral at Baird... Quanta Services (PWR) downgraded to Neutral from Buy at UBS... Ralph Lauren (RL) downgraded to Neutral from Overweight at Atlantic Equities... Sparton (SPA) downgraded to Market Perform from Outperform at Barrington... Tableau (DATA) downgraded to Equal Weight at Morgan Stanley... Tallgrass Energy GP (TEGP) downgraded to Neutral from Outperform at Baird... WisdomTree (WETF) downgraded to Underperform from Market Perform at Keefe Bruyette.
09:17 EDTHSBCOn The Fly: Pre-market Movers
HIGHER: Apollo Education (APOL), up 26.6% after announcing that it will be acquired for $9.50 per share... Sprouts Farmers Market (SFM), up 5% after being added to S&P 400... GoPro (GPRO), up 3.4% after signing a licensing agreement with Microsoft (MSFT). LOWER: BioCryst Pharmaceuticals (BCRX), down 60.9% after reporting OpuS-2 clinical trial results... CTI BioPharma (CTIC), down 55.4% after the FDA placed a partial clinical hold on pacritinib studies... Tableau (DATA), down 5.5% after being downgraded to Equal Weight at Morgan Stanley... HSBC (HSBC), down 3.6% after being downgraded to Underweight from Equal Weight at Morgan Stanley... Chesapeake Energy (CHK), down 21% after Hedgeye analyst Kevin Kaiser said in an interview with Barron's that Chesapeake could go to zero... Twitter (TWTR), down 2.9% after backlash over its new algorithmic timeline.
08:39 EDTHSBCHSBC downgraded to Underweight from Equal Weight at Morgan Stanley
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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
10:10 EDTLYGU.K. appoints Barclays to run sale of remaining Lloyds stake, Bloomberg says
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February 4, 2016
18:45 EDTHTHIYMilan prosecutors investigating Hitachi's Ansaldo stake deal, Reuters says
Milan prosecutors are investigating Hitachi's agreement to purchase a 40% stake in Ansaldo, Reuters reported, citing sources. The probe will center on potential market rigging or regulatory obstruction, the sources said. Reference Link
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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