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Stock Market & Financial Investment News

News Breaks
August 3, 2012
16:17 EDTZIP, AIG, KCG, LNKD, AMTD, DLB, OPEN, KKROn The Fly: Closing Wrap
Stocks on Wall Street were sharply higher after the July jobs report beat expectations. The market ended the week on a positive note on the jobs data as well as an upbeat reading on services sector activity. The rally was enough to make up for the losses seen in the last two days as first the Fed and then the ECB hinted at future plans for decisive policy actions but chose to hold back, or were unable to act, for now... ECONOMIC EVENTS: Domestically, government data showed that the U.S. added 163,000 net new non-farm jobs in July, versus the consensus estimate of 100,000. Also, an index of non-manufacturing activity for July came in at 52.6, versus the consensus estimate of 52.0... COMPANY NEWS: Knight Capital (KCG) rose $1.47, or 56.98%, to $4.05 as the Wall Street Journal reported that the company told brokers that it has secured a line of credit to keep itself afloat. Other media reports indicated Knight has hired Goldman Sachs (GS) and Sandler O’Neill as advisers as it looks to strike a deal to save itself and that KKR (KKR), TPG and Silver Lake were among the private equity firms showing interest. Later in the day TD Ameritrade (AMTD) and Scottrade said they have resumed routing client trades to Knight... American International Group (AIG) announced that the Treasury has launched an offering of $4.5B of its AIG common stock and the insurer said it intends to buy $3B of the stock in connection with the offering... MAJOR MOVERS: Among the notable gainers were two high profile internet names: OpenTable (OPEN), which rose $5.40, or 15.81%, to $39.55, and LinkedIn (LNKD), up $15.00, or 16.04%, to $108.51, after both reported strong quarterly results. Noteworthy losers included Zipcar (ZIP), down $3.88, or 36.50%, to $6.75, as it was downgraded all over the Street after its earnings and guidance disappointed, and Dolby (DLB), down $5.13, or 14.33%, to $30.67, after its full year earnings guidance was above consensus but its revenue view fell short of expectations... INDICES: The Dow rose 217.29, or 1.69%, to 13,096.17; the Nasdaq advanced 58.13, or 2.00%, to 2,967.90; and the S&P 500 gained 25.99, or 1.90%, to 1,390.99.
News For KCG;KKR;AMTD;AIG;OPEN;LNKD;ZIP;DLB From The Last 14 Days
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May 17, 2013
08:53 EDTAIGJPMorgan's life insurance analyst holds an analyst/industry conference call
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May 16, 2013
16:22 EDTAIGForest City, AIG form strategic equity partnership for project in Dallas
Forest City Enterprises (FCE.A, FCE.B) announced that it has closed a strategic capital partnership with AIG Global Real Estate (AIG) for the development of 3700M, a 381-unit apartment project in the West Village neighborhood of Dallas. Forest City and AIG will share ownership and fund the equity requirements for the project, which began construction in December 2012 and is expected to be completed in the third quarter of 2014.
08:33 EDTAIGBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
07:11 EDTKKRSome asset managers want investors to buy their shares, Reuters reports
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06:08 EDTKKROn the Fly: Periodicals Wrap-Up
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May 15, 2013
17:26 EDTAIGThird Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN).
17:03 EDTAIGSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
10:13 EDTLNKDOn The Fly: Analyst Initiation Summary
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10:13 EDTAMTDOn The Fly: Analyst Downgrade Summary
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07:11 EDTKKRSome buyout firms move beyond buyouts, WSJ reports
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06:18 EDTAMTDTD Ameritrade senior unsecured ratings upgraded by Moody's
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06:08 EDTKKROn the Fly: Periodicals Wrap-Up
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06:06 EDTAMTDTD Ameritrade downgraded to Equal Weight from Overweight at Barclays
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May 14, 2013
16:08 EDTLNKDLinkedIn initiated with a Neutral at RW Baird
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May 13, 2013
11:28 EDTLNKDLinkedIn management to meet with Maxim
Group breakfast to be held in New York on May 17 at 8:30 am hosted by Maxim.
10:09 EDTAIGOn The Fly: Analyst Upgrade Summary
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06:23 EDTAIGAIG upgraded to Overweight from Equal Weight at Barclays
Barclays upgraded AIG based on upside to its capital management story driven by buybacks and expanding ROE. Price target raised to $52 from $41.
May 9, 2013
08:42 EDTAMTDTD Ameritrade says April average client trades per day up 4% from prior year
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May 8, 2013
13:36 EDTAIGAIG price target raised to $50 from $45 at Argus
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12:28 EDTLNKDOptions with decreasing implied volatility: DGIT TPX LNKD FOSL ALGN
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