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Stock Market & Financial Investment News

News Breaks
March 13, 2012
16:24 EDTSB, COOL, APO, WOLF, MDS, CCIX, VIP, CLNE, GEOY, FDS, JPMOn The Fly: Closing Wrap
Stocks on Wall Street were higher, with the Dow closing well over the 13K level and the Nasdaq taking and holding the 3K mark. Stock futures were higher in pre-market trading leading to a higher open for the broader market. The averages waffled for the first 30 minutes of trading but broke out of their range following a slightly better than expected wholesale inventories report. The market spurted to fresh recovery highs and along the way the Dow eclipsed 13,000 and the Nasdaq moved past 3,000. The Fedís FOMC met and kept interest rates unchanged and said monetary policy would remain accommodative through at least late 2014. The major indices did not move much after the FOMC comments, which were largely in-line with expectations, but a dividend increase and expanded stock buyback announcement from JP Morgan (JPM) provided another shot in the arm, powering the market to close at session highs... ECONOMIC EVENTS: Domestically, February retail sales increased 1.1% overall, in line with expectations. The core reading, which excludes autos and gas, rose 0.6%, versus the expected increase of 0.5%. Business inventories rose 0.7% in January, versus the expected increase of 0.5%. The Fed kept its benchmark rate target unchanged, as expected... MARKET NEWS: JP Morgan approved a new $15B stock buyback program and increased its dividend to 30c from 25c. After JP Morgan's "pre-announcment" of sorts, the Fed said it would report on the results of its bank stress tests at 4:30 pm ET today... Among companies reporting earnings, advancers included FactSet (FDS) and GeoEye (GEOY), while Clean Energy Fuels (CLNE), VimpelCom (VIP), and Coleman Cable (CCIX) were among the decliners... MAJOR MOVERS: Among the notable gainers were Midas (MDS), up $2.45, or 27.25%, to $11.44, on news it will be acquired by TBC Corporation for $11.50 per share, and Great Wolf (WOLF), up $1.13, or 26.97%, to $5.32, which closed above the $5 per share "take private" offer it received from Apollo Global Management (APO). Noteworthy losers included Majesco (COOL), down 41c, or 13.80%, to $2.56, following its disappointing earnings and guidance, and Safe Bulkers (SB), down 65c, or 9.09%, to $6.50, after pricing its 5M share secondary offering at $6.50... INDICES: The Dow added 217.97, or 1.68%, to 13,177.68; the Nasdaq rose 56.22, or 1.88%, to 3,039.88; and the S&P 500 gained 24.87, or 1.81%, to 1,395.96.
News For JPM;FDS;GEOY;CLNE;VIP;CCIX;MDS;WOLF;APO;COOL;SB From The Last 14 Days
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September 2, 2014
08:33 EDTAPOApollo, Ares weigh bids for packager Kloeckner Pentaplast, Bloomberg says
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August 31, 2014
21:19 EDTAPONorwegian Cruise in talks to acquire Prestige Cruises for $3B, Reuters says
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13:57 EDTVIPDeutsche Bank to hold a conference
Global Emerging Markets 1:1 Conference to be held in New York on September 3-5.
August 29, 2014
06:49 EDTJPMJPMorgan cyber attack said to occur over months, Bloomberg says
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August 28, 2014
08:12 EDTJPMJPMorgan says not seeing 'unusual fraud,' safeguarding information, WSJ reports
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07:49 EDTAPOApollo Global owned Momentive gets tentative bankruptcy approval, Bloomberg says
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05:55 EDTJPMHackers targeted JPMorgan Chase, 'at least' four other banks, NY Times reports
According to four sources, JPMorgan Chase and "at least" four others were targeted by hackers in a series of attacks this month, the New York Times reports. Hackers infiltrated the computer networks of some banks and stole checking and savings account information from clients, two separate sources say. Security experts and government officials say it is unclear whether Russian hackers are to blame for the attacks. Reference Link
03:17 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says
August 27, 2014
15:37 EDTJPMFBI investigating whether Russia involved with JPMorgan hacking, Bloomberg says
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15:20 EDTJPMHackers stole data from JPMorgan, another U.S. bank this month, Bloomberg says
08:00 EDTJPMSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big 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). Reference Link
August 26, 2014
18:38 EDTAPOApollo's Momentive bankruptcy plan approved with changes, Bloomberg says
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18:02 EDTAPOApollo Global momentive bankruptcy plan approved with changes, Bloomberg says
August 21, 2014
08:31 EDTJPMMorgan Stanley, JP Morgan selected by Shake Shack to lead IPO, Reuters says
JP Morgan (JPM) and Morgan Stanley (MS) have been picked by Shake Shack to lead the fast-food restaurant chain's IPO, sources tell Reuters. The offering could come as early as this year. Reference Link
06:43 EDTJPMRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
18:29 EDTJPMBofA, JPMorgan weigh plans to raise salaries for junior bankers, Bloomberg says
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