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News Breaks | | | | January 4, 2013 | | 07:22 EDT |  | MHP, MCO, MS | Ratings agencies must face fraud claims in SIV lawsuit, Bloomberg reports
U.S. District Judge Shira Scheindlin has ruled that ratings agencies must face an investor lawsuit over their ratings of Rhinebridge, a structured investment vehicle that collapsed in 2007, Bloomberg reports. The judge said the ratings services could be found liable if they misstated their opinions about the investments and if the ratings were false or misleading. Morgan Stanley (MS) also lost a bid to dismiss claims of aiding and abetting fraud. Reference Link | |
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News For MHP;MCO;MS From The Last 14 Days Check below for free stories on MHP;MCO;MS the last two weeks. |
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| May 20, 2013 | | 08:15 EDT | | MS | Morgan Stanley to sell Indian unit to Standard Chartered, Reuters reports
 Subscribe for More Information | | | May 16, 2013 | | 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
Subscribe for More Information | | | 06:41 EDT | | MS | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information | | | May 15, 2013 | | 17:26 EDT |  | MS | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 17:03 EDT | | MS | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). | | | 12:12 EDT |  | MS | Morgan Stanley price target raised to $36 from $30 at CLSA
Subscribe for More Information | | | May 14, 2013 | | 14:44 EDT |  | MS | Morgan Stanley hits close to multi-year highs, levels to watch
Subscribe for More Information | | | 11:07 EDT | | MS | Morgan Stanley hits close to multi-year highs, levels to watch
Subscribe for More Information | | | 08:33 EDT | | MS | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link | | | 07:08 EDT |  | MCO | Moody's management to meet with Benchmark Co.
Subscribe for More Information | | | | 06:19 EDT | | MS | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | 05:44 EDT | | MS | Banks work deals from both sides of the field, WSJ reports
Subscribe for More Information | | | May 13, 2013 | | 15:04 EDT | | MS | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. | | | 12:59 EDT | | MHP | S&P Dow Jones indices wins intellectual property dispute
Subscribe for More Information | | | 07:58 EDT | | MCO, MHP | Rating firms dodge an overhaul, WSJ reports
Subscribe for More Information | | | May 9, 2013 | | 08:09 EDT | | MS | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link | | | 05:43 EDT | | MS | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link | | | May 8, 2013 | | 07:56 EDT | | MS | Morgan Stanley expands types of debt it buys, Bloomberg reports
Morgan Stanley added $677M of collateralized debt obligations to its available-for-sale portfolio in Q1 and increased its corporate bond holdings to $3.53B, according to a regulatory filing, reports Bloomberg. The portfolio was invested solely in government and agency debt and U.S.-backed student loans at the end of 2011. Reference Link | | | May 6, 2013 | | 10:04 EDT |  | MCO | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: C&J Energy (CJES) downgraded to Neutral from Buy at Goldman.... Corcept Therapeutics (CORT) downgraded to Neutral from Overweight at Piper Jaffray... Exelon (EXC) downgraded to Neutral from Buy at ISI Group... HeartWare (HTWR) downgraded to Neutral from Outperform at Credit Suisse... Kimco Realty (KIM) downgraded to Neutral from Buy at Goldman... Moody's (MCO) downgraded to Outperform from Strong Buy at Raymond James... PACCAR (PCAR) downgraded to Neutral from Buy at BofA/Merrill... Unum Group (UNM) downgraded to Hold from Buy at Deutsche Bank... Weatherford (WFT) downgraded to Neutral from Strong Buy at ISI Group... Churchill Downs (CHDN) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Electronic Arts (EA) downgraded to Sell from Hold at Hudson Square... Summit State Bank (SSBI) downgraded to Neutral from Long-Term Buy at Hilliard Lyons... Ironwood (IRWD) downgraded to Neutral from Outperform at Cowen... Oil States (OIS) downgraded to Neutral from Add at Capital One... CYS Investments (CYS) downgraded to Neutral from Buy at Nomura... American Capital Agency (AGNC) downgraded to Neutral from Buy at Nomura... Integrys Energy (TEG) downgraded to Neutral from Buy at DA Davidson... Oil States (OIS) downgraded to Accumulate from Buy at Tudor Pickering... Delcath Systems (DCTH) downgraded to Market Perform from Outperform at JMP Securities... Comerica (CMA) downgraded to Neutral from Buy at BTIG... Eldorado Gold (EGO) downgraded to Sector Perform from Outperform at RBC Capital | | | 08:07 EDT | | MCO | Warren Buffett: We're selling Moody's at six times what we paid
Buffett continues to speak on CNBC. | | |
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