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Stock Market & Financial Investment News

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July 1, 2014
11:32 EDTKING, CBSO, LQDT, TPH, IDIX, PETM, BCS, APA, EWGOptions with increasing implied volatility
Options with increasing implied volatility: KING CBSO LQDT TPH IDIX PETM BCS APA EWG
News For KING;CBSO;LQDT;TPH;IDIX;PETM;BCS;APA;EWG From The Last 14 Days
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October 30, 2014
08:30 EDTBCSBarclays accused in suit of bribing Saudi royalty, NY Post reports
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05:38 EDTBCSBarclays reports Q3 adjusted profit GBP 1.59B vs. GBP 1.39B last year
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October 29, 2014
18:14 EDTCBSOCBS Outdoor declares special dividend of $4.56 per share
The company announced that its board of directors has approved a special dividend on the company's common stock of approximately $547.7M, or $4.56 per share based on the number of shares currently outstanding, in connection with the company's previously announced conversion to a real estate investment trust. The special dividend is payable on December 31 to stockholders of record on November 20. The special dividend is in the amount of the company's accumulated earnings and profits as of July 17, the date the company began operating in a manner that will allow it to qualify as a REIT for U.S. federal income tax purposes. Approximately 20%, or $109.5M, of the special dividend will be paid in cash, and approximately 80%, or $438.2M, of the special dividend will be paid in shares of the company's common stock.
12:59 EDTPETMPrivate equity firms preparing initial bids for PetSmart auction, WSJ says
Private equity firms including Apollo Global Management (APO), Hellman & Friedman and KKR (KKR) are said to be preparing initial bids for pet-supply retailer PetSmart (PETM), says the Wall Street Journal. PetSmart which is based in Phoenix and has around 1,350 stores has a market capitalization of around $7B, added the Wall Street Journal. Shares of PetSmart are up almost 3% or $1.98, to $72.06 in midday trading. Reference Link
12:15 EDTPETMPrivate equity firms ready initial bids for PetSmart, Dow Jones says
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06:39 EDTBCSECB says loan demand expected to rise, Reuters reports
Demand for loans from euro zone banks is expected to rise sharply this quarter, the European Central Bank stated in a report, according to Reuters. Meanwhile, the bloc's banks are expected to ease credit standards in Q4, after credit standards in France and Germany eased in Q3, the news service quoted the ECB as saying. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 28, 2014
15:27 EDTAPAWoodside Petroleum considering purchase Apache Wheatstone stake, AFR says
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06:04 EDTBCSBarclays provides strategic update, plans to cut 9,000 jobs
Barclays said, "We will commence a second phase of Simplification and cost efficiency to achieve run-rate savings of 1 billion per annum by the end of 2017, creating value for customers and improving our long-term competitiveness. In order to achieve these savings, we will invest around 1.6 billion over three years on initiatives to simplify processes and increase automation. In particular, we will digitise our key customer journeys to improve customer service and increase the efficiency of end-to-end processing...Within the organisation, we will rebalance roles to reflect the evolving nature of the business and ensure we have the people and capabilities required for the transition to a more digitised, IT enabled business. We anticipate a reduction of approximately 9,000 full time roles across the business while building new capability in digital and IT. We will also further rationalize our legal entities, including our life companies." Barclays issued new medium-term targets for efficiency, risk and returns: Cost:income ratio to exit 2017 at around 45%; Simplification run-rate savings of GBP 1B per annum by the end of 2017; Asset quality ratio of around 40 basis points through the economic cycle, and lower than this over the next three years; Sustainable returns on required equity of around 13.5%-15% by the end of the strategic plan period and through the economic cycle.
October 27, 2014
13:13 EDTBCSU.K. banks to raise PPI compensation provisions, Sky News reports
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07:30 EDTBCSInternational Economic Forum of the Americas to hold a forum
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October 26, 2014
17:32 EDTBCSEuropean banks may gain after ECB stress tests, Bloomberg says
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13:27 EDTBCSECB releases results of bank stress test
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October 24, 2014
08:44 EDTBCSECB draft shows 25 EU banks set to fail stress test, Bloomberg says
Bloomberg cites a draft ECB document the news service has viewed. Publicly traded EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS).
October 23, 2014
06:16 EDTPETMPetSmart attracts interest from KKR, NY Post reports
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October 21, 2014
08:18 EDTBCSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large 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). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 20, 2014
12:34 EDTCBSOCBS Outdoor upgraded to Outperform at Barrington
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12:17 EDTCBSOCBS Outdoor upgraded to Outperform from Market Perform at Barrington
12:03 EDTKINGKing Digital launches Candy Crush Soda Saga worldwide on Facebook
Earlier today, King Digital Entertainment (KING) announced that Candy Crush Soda Saga, the sister title to hit game Candy Crush Saga, has launched worldwide on Facebook (FB). Candy Crush Soda Saga is the next iteration in the Candy Crush franchise, set in the world of the Candy Kingdom. Fans of the original hit can now switch and match their way through new dimensions of gameplay with exciting new graphics and features including game modes, candy combinations, gameplay mechanics and more. Candy Crush Soda Saga is set to launch on mobile in the coming weeks.
11:02 EDTCBSOCBS Outdoor to rebrand as Outfront Media
CBS Outdoor Americas has announced it will rebrand as Outfront Media Inc., marking another important step in the company's transformation. The Outfront identity represents a new era for the Company and for its position within the growing out-of-home advertising sector. The brand also symbolizes the company's unique portfolio of billboards and displays in the most desired locations, including landmark positions in high-traffic areas, retail districts, transit hubs and iconic destinations. Today's introduction of Outfront Media kicks off a process that will include rebranding more than 100,000 displays. On November 20, the company will be reintroduced online and on the New York Stock Exchange under the ticker symbol "OUT". In addition to a new brand, the company is introducing new products and services aimed at enhancing its customers' advertising campaigns.
07:21 EDTBCSFederal Reserve Bank of New York and Boston to hold a workshop
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