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Stock Market & Financial Investment News

News Breaks
March 18, 2013
05:55 EDTJPM, JPM, JPM, MET, MET, MET, IVZ, IVZ, IVZ, AB, AB, AB, UBS, UBS, UBS, LM, LM, LM, BK, BK, BK, MFC, MFC, MFC, AMP, AMP, AMP, SCHW, SCHW, SCHW, GS, GS, GS, MS, MS, MS, STT, STT, STT, PRU, PRU, PRUInvestment Company Institute to host a conference
2013 Mutual Funds and Investment Management Conference is being held in Palm Desert, California on March 17-20.
News For JPM;STT;MS;GS;SCHW;AMP;MFC;BK;LM;UBS;AB;IVZ;MET;PRU From The Last 14 Days
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August 20, 2015
06:10 EDTMSWeather Channel said to hire banks to explore sale, Bloomberg reports
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06:07 EDTMS, GSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
August 19, 2015
17:27 EDTBKFDIC sues BNY Mellon over mortgage backed securities, Reuters reports
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14:42 EDTGS, JPM, MSBanks cooperate on data company to lower costs, WSJ says
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14:25 EDTGSCoca-Cola has option for outright purchase of Suja, Bloomberg says
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13:23 EDTMETOptions with increasing call volume
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August 18, 2015
16:58 EDTJPMJPMorgan in talks to settle investment bias charges for $150M, WSJ says
JPMorgan is in advanced discussions with the SEC to settle allegations that it inappropriately guided clients to its own investment products, reports the Wall Street Journal, citing people familiar with the matter. Reference Link
13:14 EDTGSNY court rules Goldman must face Abacus suit, Bloomberg reports
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12:00 EDTBKBNY Mellon pays $14.8M to settle FCPA Violations
The Securities and Exchange Commission announced that BNY Mellon has agreed to pay $14.8M to settle charges that it violated the Foreign Corrupt Practices Act by providing "student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund." The agency stated, "An SEC investigation found that BNY Mellon did not evaluate or hire the family members through its existing, highly competitive internship programs that have stringent hiring standards and require a minimum grade point average and multiple interviews. The family members did not meet the rigorous criteria yet were hired with the knowledge and approval of senior BNY Mellon employees in order to corruptly influence foreign officials and win or retain contracts to manage and service the assets of the sovereign wealth fund."
06:45 EDTGSNine banks agree to $2B settlement for currency market rigging, FT says
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06:42 EDTGSGoldman buys stake in Piramal Realty, WSJ reports
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August 17, 2015
16:19 EDTGSSunEdison up 7% to $15.70 after forming asset facility with Goldman Sachs
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16:15 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
SunEdison (SUNE) and West Street Infrastructure Partners III and affiliates, announced the formation of a new $1B warehouse investment vehicle, the WSIP Warehouse, to fund construction costs and to acquire operating assets. TerraForm Power (TERP) will have an exclusive call right over the warehoused assets. The WSIP Warehouse is a $1B investment vehicle with $300M equity committed, subject to certain conditions, by WSIP, the infrastructure fund managed by Goldman Sachs (GS). The debt structuring will be led by Morgan Stanley, Bank of America and Deutsche Bank and will provide commitments for $700M of debt in the form of a $500M, five-year term loan and a $200M, four-year revolving credit facility. SunEdison has the option to expand the facility by up to $1B to a total of $2B, subject to certain conditions. The decision to add additional warehouse capacity was completed following an analysis by SunEdison of its financing requirements through 2016 and after exploring alternative debt and equity transactions. SunEdison continues to explore financing alternatives, including upsizing its existing warehouse facilities and adding new warehouse facilities. Completion of the formation of the WSIP Warehouse and the financial close of the related debt facilities are subject to customary conditions and are expected to occur by Oct. 31, 2015.
16:12 EDTGSSunEdison, Goldman Sachs fund form $1B construction, operating asset facility
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08:43 EDTMETMetLife management to meet with JPMorgan
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07:18 EDTIVZInvesco risk/reward 'particularly attractive' at current levels,says Wells Fargo
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07:18 EDTIVZInvesco risk/reward 'particularly attractive' at current levels,says Wells Fargo
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06:12 EDTJPMJPMorgan reports July net credit losses 2.31% vs. 2.34% last month
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06:06 EDTGSGoldman expected to take minority stake in India's Piramal Realty, Reuters says
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05:55 EDTJPMJPMorgan upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Christopher Mutascio upgraded JPMorgan to Outperform with a $77 price target, suggesting total return potential of 16%. Mutascio views the stock's valuation as attractive and highlights the "high dividend yield in a low-interest-rate environment."
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