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Stock Market & Financial Investment News

News Breaks
December 26, 2012
06:05 EDTMS, GLNCY, BCS, CG, BP, MAOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: For the eight weeks from October 28 through Christmas Eve, retail sales for the holidays increased just 0.7% from a year ago, according to MasterCardís (MA) SpendingPulse unit, the slowest growth in spending since the 2008 recession, the Wall Street Journal reports...Venture capitalists are pulling back on spending in areas like the consumer Internet, a trend that could accelerate in 2013, the Wall Street Journal reports...REUTERS: A number of senior executives are leaving TCW Group weeks before the asset manager is set to be acquired by the Carlyle Group (CG), sources say, Reuters reports...Rosneft raised $16.8B in bank loans and agreed on long-term trade finance deals with Glencore (GLNCY) and Vitol. The company said loans raised from Western banks would be sufficient to cover its acquisition of the 50% of Anglo-Russian oil firm TNK-BP which it is buying from BP (BP) for $27B in cash and stock, Reuters reports...BLOOMBERG: Chinaís stocks surged as the benchmark index rose to the highest level in five months, after property developers rallied on speculation the governmentís urbanization plan will support housing demand, Bloomberg reports...The record glut in aluminum will not slow a rise in prices because of delays in getting metal from warehouses, even as Barclays (BCS) advises investors to sell and Morgan Stanley (MS) says it has the worst outlook of any commodity, Bloomberg reports.
News For MA;CG;GLNCY;BP;BCS;MS From The Last 14 Days
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August 31, 2015
06:35 EDTMS, BCSCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
06:10 EDTBCSBanks lobby EU over privacy rules overhaul, FT reports
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August 30, 2015
21:43 EDTCGCarlyle Group explores sale of Landmark Aviation for $1.7B, Reuters says
Carlyle Group has been exploring a sale of Landmark Aviation in a deal that could be valued as high as $1.7B, Reuters reported Friday, citing people familiar with the matter. Sources said Carlyle initially considered a public listing, but began considering an outright sale over the last few months. Reference Link
August 28, 2015
14:02 EDTBPBP volatility elevated as WTI oil rally's 7.2% to $45.75
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07:31 EDTCGCarlyle in takeover talks with Innovation Group, Sky News reports
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06:56 EDTCGCarlyle has little luck with hedge funds, WSJ reports
Carlyle Group has often seen the hazards of running hedge funds, with its Carlyle Capital fund becoming a harbinger for the 2008 financial crisis and its Blue Wave Partners hedge fund ending abruptly a few months later, the New York Times says. As recently as last week, the company announced that its credit-focused hedge fund Claren Road Asset Management faced roughly $2B in investor redemption requests, the report says. Though the company makes money in its core buyout business as well as in other areas, its track record with hedge funds has been murky at best, the report says. Reference Link
August 27, 2015
12:50 EDTBPPeltz rumored to be building stake in Diageo, Harrington says
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09:11 EDTBPBP volatility elevated as shares trade at five-year low
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07:57 EDTBCSPlatts to hold a conference
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06:46 EDTMSFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTMSBanks, investors may suffer from margin calls, WSJ reports
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06:13 EDTBCSJudge throws out HFT suit against Barclays, exchanges, FT reports
A U.S. judge has dismissed investor lawsuits against Barclays and certain U.S. exchanges alleging that the bank rigged its "dark pool" trading venue in favor of high-frequency traders, the Financial Times reports. The judge ruled that the plaintiffs did not claim any actions meeting the definition of "manipulative acts," the report says. Reference Link
August 25, 2015
09:31 EDTMSMorgan Stanley upgraded to Buy from Neutral at Buckingham
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06:16 EDTCGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 24, 2015
16:07 EDTMSMonogram Residential Trust CFO Garfield to leave role, Swanstrom appointed CFO
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14:25 EDTBPBP refrains from trip to Iran amid U.S. sanction concerns, FT says
BP has chosen not to join U.K. foreign secretary Philip Hammond's trip to reopen the country's Iranian embassy due to concerns over U.S. sanctions that are still in effect, the Financial Times reports, citing people close to the company. "Sanctions are still in place and we will not do anything while that is the case. We are monitoring the situation and will take a look at the opportunities," said the company, according to the publication. Reference Link
09:23 EDTBPGevo, Butamax enter global patent cross-license, settlement agreements
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August 23, 2015
17:49 EDTBPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
08:40 EDTMSCanadian Security Traders Association to hold a conference
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07:36 EDTCGKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link
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