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News For JPM;NWSA;CMCSA;TWX;CMCSK;KKR From The Last 14 Days Check below for free stories on JPM;NWSA;CMCSA;TWX;CMCSK;KKR the last two weeks. |
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| May 24, 2013 | | 17:26 EDT |  | NWSA | News Corp. to take $1.2B-$1.4B charge in Q4 related to publishing segment
 Subscribe for More Information | | | 15:07 EDT |  | NWSA | Yahoo submits bid for Hulu, AllThingsD reports
Subscribe for More Information | | | 14:44 EDT |  | NWSA | News Corp. management to meet with JPMorgan
Subscribe for More Information | | | 13:19 EDT | | CMCSA, KKR, NWSA | KKR, Silver Lake to join bidding for Hulu video service, Bloomberg reports
| | | 08:38 EDT | | NWSA | News Corp. adopts stockholder rights plan ahead of split up
News Corporation and the new News Corporation announced that, in advance of their planned separation, the Board of Directors of the company and the current Board of the new News Corporation has each determined to adopt stockholder rights agreements for the company and for new News Corporation, respectively. The rights agreements would expire one year after the date of this announcement, in the case of the company, or one year after the date of the separation, in the case of the new News Corporation. The company said it has considered that there may be significant volume of trading in shares of 21st Century Fox and the new News Corporation around the time of the separation, and for a period thereafter. The rights agreements are intended to protect the stockholders of the company and the new News Corporation from efforts to obtain control of such companies that their respective Boards of Directors determine are not in the best interests of the companies and their respective stockholders, News Corp. said. | | | 08:35 EDT | | NWSA | News Corp. board approves separation of businesses, stock buyback after split
News Corporation announced that the separation of News Corporation into two distinct publicly traded companies, 21st Century Fox and the new News Corporation, has been formally approved by the company’s Board of Directors. The company also announced appointments to the Boards of Directors of both companies, effective upon the completion of the separation, which is expected to occur on June 28. In connection with the separation, the company’s Board has approved the distribution of all shares of the new News Corporation to the company’s stockholders in a ratio of one share of the new News Corporation for every four shares of News Corporation. Furthermore, the Board authorized a $500M stock repurchase program for the new News Corporation following completion of the separation. | | | 07:11 EDT | | NWSA | Hulu attracts several bidders, Reuters reports
Subscribe for More Information | | | 06:10 EDT | | NWSA | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 23, 2013 | | 15:39 EDT | | NWSA | News Corp. to host investor day
Subscribe for More Information | | | 14:45 EDT | | JPM | JPMorgan names Barry Sommers head of consumer bank, Reuters says
Subscribe for More Information | | | | 11:56 EDT | | JPM | Visa names Ryan McInerney president
Visa (V) announced the appointment of Ryan McInerney as president of Visa. In this role, McInerney will be responsible for Visa's global client organization, product management as well as a new solutions group, which will focus on building and bringing to market new products and services to Visa's issuer, acquirer and merchant clients. Mr. McInerney will report to Charlie Scharf, CEO of Visa . McInerney joins Visa from JP Morgan Chase (JPM) where he was the CEO of Consumer Banking. | | | 08:10 EDT |  | JPM | JPMorgan compelling at current levels, says RW Baird
Subscribe for More Information | | | 07:12 EDT | | JPM | Wall Street trying to use trade deals to weaken Dodd-Frank, Bloomberg reports
Subscribe for More Information | | | 06:32 EDT | | JPM | Dimon looks to improve JPMorgan after winning vote, NY Times says
After JPMorgan's (JPM) shareholders voted to allow Jamie Dimon to keep his dual role as the bank's CEO and chairman, Dimon is looking to repair the bank's relationship with regulators and "fortify risk controls," according to The New York Times. Reference Link | | | 06:29 EDT | | JPM | Software firm Luxoft files for IPO in New York, Bloomberg reports
Subscribe for More Information | | | 06:08 EDT | | JPM | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | 05:48 EDT | | JPM | Proxy advisers see their power diminish, WSJ reports
Subscribe for More Information | | | May 22, 2013 | | 16:25 EDT |  | KKR | On The Fly: Closing Wrap
Stocks on Wall Street were sharply lower following a day where the Fed dominated the news. The averages were higher early in the session as Fed Chairman Ben Bernanke testified in front of Congress. However, the averages crossed into negative ground as Bernanke's comments on the potential for future QE tapering were digested. The selling accelerated in the late hours of the session following the release of the minutes from the Fed's last FOMC meeting. ECONOMIC EVENTS: In the U.S., Federal Reserve Chairman Ben Bernanke delivered testimony before the Joint Economic Committee of Congress, stating that premature tightening of monetary policy would carry a "substantial risk" of slowing or ending the economic recovery. Bernanke, however, also said the central bank could begin winding down its bond-buying program at one of its "next few meetings" if the economy continues to improve. The FOMC minutes, released at 2:00 pm ET, indicated that some committee members expressed a willingness to adjust assets purchases, though some disagreement existed over what economic data would be needed to begin such a program. The minutes also said some members might want to cut asset purchases by as soon as June. The National Association of Realtors said existing home sales advanced 0.6% to an annual rate of 4.97M units in April, which was the highest level since November 2009 but still below expectations for a rise to a 4.99M-unit rate. COMPANY NEWS: Target (TGT) shares lost $2.86, or 4.01%, to $68.40 after the company's first quarter report, which it called "disappointing." The company also cut its full-year earnings and same-store sales views. MAJOR MOVERS: Among notable gainers was Saks (SKS), up $1.83, or 13.39%, to $15.50 after the New York Post said the company hired Goldman Sachs (GS) to explore strategic alternatives and Bloomberg said KKR (KKR) was considering a stake in the luxury retailer. Also higher following its better-then-expected quarterly results was Zale (ZLC), which advanced $1.20, or 22.22%, to $6.60. Among noteworthy losers were a number of Solar stocks, including Trina Solar (TSL), down $1.07, or 14.9%, to $6.11, and SunPower (SPWR), down $1.81, or 8.62%, to $19.19 after China's Xinhua news agency said early talks between Europe and China to resolve their fight over solar panel trade rules had failed. Also lower was SolarWinds (SWI), down $6.57, or 13.71%, to $41.34 after the company said it will acquire N-able for $120M and its shares were downgraded at research firm Pacific Crest. INDICES: The Dow was down 80.41, or 0.52%, to 15,307.17; the Nasdaq was down 38.82, or 1.11%, to 3,463.30; and the S&P 500 was down 13.81, or 0.83%, to 1,655.35. | | | 14:54 EDT | | JPM | JPMorgan not likely to add new board members soon, Bloomberg says
Subscribe for More Information | | | 13:07 EDT | | KKR | KKR weighs Saks investment, may push Neiman Marcus merger, Bloomberg says
KKR (KKR) is considering an investment in Saks (SKS) and may push Saks to pursue a merger with Neiman Marcus, reports Bloomberg, citing people with knowledge of the matter. Saks shares are up $2.25, or 16.46%, to $15.92 after reports last night said the company retained Goldman Sachs (GS) to explore strategic alternatives, including a possible sale. Reference Link | | |
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