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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 MasterCard’s (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: China’s stocks surged as the benchmark index rose to the highest level in five months, after property developers rallied on speculation the government’s 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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June 25, 2015
07:13 EDTMSFed director says full transparency in stress testing can be 'enormous weakness'
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June 24, 2015
07:19 EDTBPU.K. panel to decide on first fracking in area since 2011, WSJ reports
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06:40 EDTBCSCalif. utility sues Barclays over electricity price manipulation, Reuters says
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June 23, 2015
12:57 EDTBCSBarclays appoints Nomura’s Sherlund as software banking chair, Bloomberg says
Barclays (BCS) named Richard “Rick” Sherlund as chairman of software banking, Bloomberg reports, citing a company memo. Sherlund comes to the company from Nomura Holdings (NMR) where he worked for the past four years as a managing director and head of U.S. technology research, the report says.
07:15 EDTMAOppenheimer to hold a conference
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06:53 EDTBCS, MSPSAV prepares for IPO that could raise roughly $300M, Bloomberg says
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06:30 EDTBCSBarclays experimenting with blockchain technology, Finextra reports
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06:25 EDTBCSBarclays-Stifel deal marks end of Lehman legacy, Business Insider reports
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06:21 EDTBCSBarclays may sell private equity business to management, Reuters reports
Barclays is in discussions to sell Barclays Natural Resource Investments, its natural resources-focused private equity business, to the unit's management, Reuters reports, citing a source familiar with the situation. Sky News previously reported that the talks are at an "advanced stage" and could be concluded this year. Reference Link
June 22, 2015
10:52 EDTMSMorgan Stanley Smith Barney, Scottrade fined $950,000 by FINRA
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07:55 EDTCGSotherly Hotels agrees to acquire remaining interest in Crowne Plaza Hollywood
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06:10 EDTBCSRBS Chairman says UK banks fear block on cross-selling, Financial Times says
RBS Chairman Sir Philip Hampton has warned that British Banks fear being blocked from cross-selling products to their clients, reports the Financial Times. Hampton said UK banks had no choice but to accept the ringfencing low that forces them to hive off retail and small business operations into a separate subsidiary at arms length from other activities. Reference Link
June 21, 2015
19:55 EDTCGCarlyle Group commits up to $500M to Magna Energy
The Carlyle Group announced that it is committing an equity line up to $500M in Magna Energy, an upstream oil and gas company. Magna is targeting the building of acreage positions in the Indian subcontinent, with the objective of creating a full-cycle oil and gas company through acquisitions and local licensing rounds. Magna’s primary focus will be development and production with a secondary focus on exploration, said Carlyle.
June 19, 2015
13:50 EDTCGDuff & Phelps explores sale, Reuters reports
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10:00 EDTBPOn The Fly: Analyst Downgrade Summary
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06:42 EDTMAAmEx to stop restricting merchants from favoring rivals, WSJ reports
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06:29 EDTMSMorgan Stanley invests in Alibaba-backed online insurer, WSJ reports
A group of investors including Morgan Stanley (MS) has invested $934M in China’s first online-only insurer backed by Alibaba (BABA) called Zhong An Online P&C Insurance Company, valuing the venture at $8B, the Wall Street Journal reports. The investment has been approved by China’s insurance regulator, the report says. Reference Link
06:17 EDTBPRoyal Dutch Shell upgraded to Outperform from Sector Perform at RBC Capital
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06:15 EDTBPBP downgraded to Sector Perform from Outperform at RBC Capital
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06:13 EDTBPBP, Rosneft announce exploration and refining agreements
Rosneft and BP announced the signing of "several agreements strengthening the long term strategic relationship between the two companies." Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20% share of Taas-Yuryakh Neftegazodobycha, creating a new joint venture in East Siberia. Rosneft and BP have also agreed jointly to explore two additional Areas of Mutual Interest in the West Siberian and Yenisey-Khatanga basins covering a combined area of about 260,000 square kilometers. Any joint ventures will be owned 51% by Rosneft and 49% by BP. As part of this agreement Rosneft and BP will also form a joint venture to carry out further appraisal work on the 2009 Rosneft-discovered Baikalovskiy field inside the Yenisey-Khatanga AMI. Exploration activities in the two AMIs will include screening studies, acquisition of seismic data, and drilling of exploration wells as new licences are added. As a result of the planned deal Rosneft will double its shareholding in the Bayernoil refinery - to 25% from 12.5%; the MiRO refinery - to 24% from 12%; and the PCK Raffinerie - to 37.5% from 18.75%. BP in exchange will consolidate 100% of the equity of the Gelsenkirchen refinery and the solvent production facility DHC Solvent Chemie. The closing of the deal is subject to the fulfillment of conditions precedent, which include inter alia regulatory approvals.
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