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News Breaks | | | | August 3, 2012 | | 16:17 EDT |  | ZIP, AIG, KCG, LNKD, AMTD, DLB, OPEN, KKR | On 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. | |
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News For KCG;KKR;AMTD;AIG;OPEN;LNKD;ZIP;DLB From The Last 14 Days Check below for free stories on KCG;KKR;AMTD;AIG;OPEN;LNKD;ZIP;DLB the last two weeks. |
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| June 11, 2013 | | 10:27 EDT |  | DLB | Follow-up: Dolby downgraded at Avondale
 Subscribe for More Information | | | 09:32 EDT | | DLB | Dolby downgraded to Market Perform from Outperform at Avondale
| | | June 10, 2013 | | 09:15 EDT |  | DLB | Dolby announces patent license agreement with ZTE
Subscribe for More Information | | | 07:13 EDT |  | LNKD | FBN Securities to host a tour
4th Annual Semi-Annual Silicon Valley Technology Bus Tour travels throughout Silicon Valley June 10-11. | | | 07:11 EDT |  | AMTD | Discount brokers roar back as investors return to stocks, Bloomberg reports
Shares of discount brokers (SCHW, AMTD, ETFC) are gaining the most since 2003 compared with the S&P’s 500 Index, a sign that small investors are joining the four-year bull market even after U.S. stocks suffered their biggest losses in six months, reports Bloomberg.Reference Link | | | 06:08 EDT | | AMTD | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | June 7, 2013 | | 08:17 EDT | | AIG | PIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports
Bank of America's (BAC) $8.5B mortgage-bond settlement is “outstanding” for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn’t paying enough to compensate investors. Reference Link | | | June 6, 2013 | | 08:41 EDT |  | KKR | KKR & Co. volatility stays flat as shares trend lower
KKR & Co. overall option implied volatility of 30 is near its 26-week average of 29 according to Track Data, suggesting non-directional price movement. | | | 08:05 EDT | | AMTD | TD Ameritrade reports May daily client trades up 13% from prior year
Subscribe for More Information | | | 07:17 EDT | | LNKD | Pershing to host a conference
Subscribe for More Information | | | | 07:16 EDT | | AMTD | Sandler O'Neill to host a conference
Global Exchange and Brokerage Conference is being held in New York on June 6-7. | | | 07:15 EDT |  | KKR | KKR & Co. Apollo Global should be bought at current levels, says Oppenheimer
Subscribe for More Information | | | 05:36 EDT | | KKR | KKR acquires UK retail park property, terms not disclosed
Subscribe for More Information | | | June 5, 2013 | | 10:07 EDT |  | AIG | On The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Audience (ADNC) initiated with a Hold at Benchmark Co.... Bank of Ireland (IRE) initiated with an Underweight at HSBC... Ellie Mae (ELLI) initiated with an Outperform at FBR Capital... Haemonetics (HAE) initiated with an Outperform at William Blair... Jive Software (JIVE) initiated with a Buy at Janney Capital... Northern Tier (NTI) initiated with a Buy at Citigroup... Workday (WDAY) initiated with a Market Perform at FBR Capital... Carlyle Group (CG) initiated with a Buy at Sandler O'Neill... XL Group (XL) initiated with a Neutral at Nomura... Travelers (TRV) initiated with a Neutral at Nomura... Marsh & McLennan (MMC) initiated with a Neutral at Nomura... Aon plc (AON) initiated with a Neutral at Nomura... Allstate (ALL) initiated with a Neutral at Nomura... AIG (AIG) initiated with a Neutral at Nomura... ACE Ltd. (ACE) initiated with a Buy at Nomura... Progressive (PGR) initiated with a Reduce at Nomura... First Solar (FSLR) coverage assumed with a Sell at Maxim... Jive Software (JIVE) reinstated with a Neutral at Credit Suisse... Standard Pacific (SPF) initiated with a Buy at BofA/Merrill... Axiall (AXLL) initiated with a Buy at BofA/Merrill. | | | 09:19 EDT | | AIG | AIG reports escrow agent received deposit for ILFC deal
American International Group disclosed in a regulatory filing that on June 5 its Escrow Agent advised AIG that it had received the Deposit Amount related to the Share Purchase Agreement, dated as of December 9, 2012, by and among AIG, its subsidiary AIG Capital, and Jumbo Acquisition Limited related to the purchase up to 90.0% of International Lease Finance Corporation’s common stock. | | | 08:32 EDT | | LNKD | LinkedIn to participate in a conference call with Goldman
Internet Analyst Heath Terry holds a conference call with Deep Nishar, Senior Vice President-Products & User Experience on June 5 at 12 pm hosted by Goldman. | | | 08:26 EDT | | AIG | AIG initiated with a Neutral at Nomura
| | | 07:34 EDT | | KKR | Keefe Bruyette to host a conference
Asset Management Conference is being held in New York on June 5 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link | | | 06:09 EDT | | AIG | AIG says $8.5B settlement with BofA not big enough, Reuters reports
Subscribe for More Information | | | June 4, 2013 | | 16:00 EDT | | AIG | AIG's Benmosche says has to make decision on ILFC June 14
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