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Stock Market & Financial Investment News

News Breaks
November 16, 2012
16:18 EDTSHLD, JPM, CS, DELL, PENN, SHF, FLO, DVAXOn The Fly: Closing Wrap
Stocks on Wall Street were higher on the day after positive news out of Washington regarding the fiscal cliff saw stocks surge back into the green near midday. The averages drifted just north of the flat-line for the remainder of the trading session before riding a late day rally to head into the weekend with modest gains, though not enough to keep them from finishing down on the week... ECONOMIC EVENTS: In the U.S., industrial production unexpectedly declined 0.4% in October, compared to forecasts for a 0.2% gain, though the Fed said that Superstorm Sandy cut total production by almost 1 percentage point... COMPANY NEWS: JPMorgan (JPM) and Credit Suisse (CS) both agreed to pay settlements relating to their sale of residential mortgage-backed securities. JPMorgan agreed to pay $297M, with most of that payment related to Bear Stearns actions, while Credit Suisse will pay $120M to settle the charges. Shares of JPMorgan edged up 14c, or 0.36%, to $39.53 on the day, while shares of Credit Suisse fell 43c, or 1.92%, to $21.94... Shares of PC maker Dell (DELL) traded down 72c, or 7.53%, to $8.84 after the company's quarterly results missed estimates on both the top and bottom lines... MAJOR MOVERS: Among the notable gainers was Penn National (PENN), up $10.62, or 28.24%, to $48.23 after announcing its intent to separate its gaming assets and real estate assets into two publicly traded companies. Also higher were shares of Schiff Nutrition (SHF), up $9.84, or 29.01%, to $43.76 after the Reckitt Bensicker commenced a tender offer to acquire the company for $42 per share, and Flower Foods (FLO), which rose $2.06, or 10.17%, to $22.32 after Hostess Brands said it would liquidate, which could allow Flower to gain market share or look at a deal to acquire Hostess assets. Among the noteworthy losers was Dynavax (DVAX), down $2.19, or 47.30%, to $2.44 after an FDA advisory committee voted that there was insufficient data to adequately support the safety of its Heplisav vaccine. Also trading lower were shares of Sears Holding (SHLD), down $10.99, or 18.79%, to $47.49, after the company reported its domestic comparable store sales declined 3.1% in Q3... INDICES: The Dow gained 45.93, or 0.37%, to 12,588.31; the Nasdaq rose 16.19, or 0.57%, to 2,853.13; and the S&P 500 added 6.55, or 0.48%, to 1,359.88.
News For JPM;CS;DELL;PENN;SHF;FLO;DVAX;SHLD From The Last 14 Days
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August 15, 2014
07:35 EDTJPMJPMorgan reports July net credit losses 2.59% vs. 2.83% last month
Reports July delinquency rate 1.32% vs. 1.33% last month.
August 14, 2014
17:27 EDTJPMAppaloosa gives quarterly update on stakes
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17:00 EDTPENNGreenlight Capital gives quarterly update on stakes
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August 13, 2014
13:57 EDTPENNNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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06:19 EDTJPMBanks pressing Federal Reserve to delay rule on investments, WSJ says
Banks are pushing U.S. policy makers for a delay of a rule that requires them to sell investments in private-equity and venture-capital funds, reports the Wall Street Journal. According to people familiar with the effort, bank officials, trade groups and lawmakers are lobbying the Federal Reserve to delay the rule for up to seven years that limits banks' investments. Reference Link
August 12, 2014
14:11 EDTSHLDSears Holdings August weekly volatility elevated into Q2 and outlook
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11:38 EDTFLOFlowers Foods hits 52-week low after cutting outlook
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09:21 EDTFLOOn The Fly: Pre-market Movers
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07:48 EDTJPMBanks posted second-highest profit in 23 years in second quarter, WSJ says
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06:37 EDTFLOFlowers Foods cuts FY14 EPS to 92c-98c from 98c-$1.05, consensus $1.02
Cuts FY14 revenue $3.88B-$3.94B from $4.98B-$4.13B, consensus $3.99B
06:34 EDTFLOFlowers Foods 'remains confident' in long-term growth strategies
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06:32 EDTFLOFlowers Foods reports Q2 EPS 21c, consensus 24c
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August 11, 2014
16:27 EDTJPMJPMorgan to sell 50% of portfolio companies held by One Equity Partners
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15:32 EDTFLONotable companies reporting before tomorrow's open
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14:58 EDTJPMJPMorgan to sell about half of One Equity Partners pe unit, DJ says
JPMorgan plans to sell about $2B in portfolio companies of One Equity and retain ownership of roughly half of portfolio companies, said Dow Jones, citing sources.
14:50 EDTSHLDSears names former Tesco executive as President, Chief Member Officer for Kmart
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August 8, 2014
12:38 EDTJPMSEC probing JPMorgan over potential conflicts of interest, WSJ says
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07:23 EDTJPMLevin probe of Goldman, JPMorgan commodity trading nears end, Reuters says
Senator Carl Levin's investigators have met with representatives from Goldman Sachs (GS) and JPMorgan (JPM) in recent weeks as his office wraps up its probe of the bank's commodity trading businesses, which could potentially reveal abuses in energy and metals markets, according to Reuters, citing sources familiar with the matter. Executives from the banks may appear at a hearing as early as September, the report added. Reference Link
07:18 EDTJPMRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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06:30 EDTJPMCitigroup, Accenture employ tech workers in Argentina, Bloomberg says
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