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Stock Market & Financial Investment News

News Breaks
December 7, 2012
12:09 EDTUNXL, RGC, AIG, AMRN, NFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher out of the gate following the better than expected jobs report, but pared some gains and turned mixed after the University of Michigan consumer sentiment survey disappointed... ECONOMIC EVENTS: In the U.S., the November non-farm payrolls report showed a seasonally adjusted 146,000 jobs were added last month, versus an expected 85,000. The unemployment rate fell to 7.7% from 7.9%, beating expectations for it to remain flat. The Reuters/U of Michigan consumer sentiment reading, expected to slip to 82 from the end-November reading of 82.7, fell more than forecast to 74.5 in the initial look for December. In Europe, Germany's central bank reduced its forecast for the country's GDP growth in 2013 to 0.4% from its earlier call for 1.6% growth. Also, in Greece, the nation's three biggest banks agreed to take part in the country's bond buyback program. In Asia, a 7.3-magnitude earthquake struck off northeastern Japan... COMPANY NEWS: Netflix (NFLX) and CEO Reed Hastings each received a "Wells Notice" from the SEC indicating its intent to recommend to the SEC that it institute a cease and desist proceeding and/or bring a civil injunctive action against Netflix and Hastings for violations of Regulation Fair Disclosure. Hastings responded on Facebook to defend the earlier post that got him scrutinized and contend that he and the company were not acting wrongly... MAJOR MOVERS: Among the notable gainers were Uni-Pixel (UNXL), up 13% after revealing it has entered a multi-million dollar license agreement with a "major PC maker," and American International Group (AIG), up over 2% after confirming that it is in talks to sell a 90% interest in International Lease Finance Corporation to a Chinese investor group. Among the noteworthy losers were Amarin (AMRN), down more than 19% after disclosing plans to raise money and hire a sales force, and Regal Entertainment (RGC), down 3% following a downgrade of its stock to Neutral at Piper Jaffray... INDICES: Near noon, the Dow was up 28.43, or 0.22%, to 13,102.47; the Nasdaq was down 18.61, or 0.62%, to 2,970.66; and the S&P 500 was down 1.33, or 0.09%, to 1,412.61.
News For NFLX;AIG;UNXL;AMRN;RGC From The Last 14 Days
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January 26, 2016
08:23 EDTRGCRegal Entertainment downgraded on valuation at RBC Capital
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07:06 EDTAIGAIG sees consolidated normalized ROE about 9% by 2017
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07:04 EDTAIGAIG to pursue IPO of United Guaranty Corp in mid-2016
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07:04 EDTAIGAIG believes a full breakup in near-term would detract from shareholder value
With these actions, AIG has taken another major step in simplifying our organization to be a leaner, more profitable insurer, while continuing to return capital to shareholders and improve shareholder returns," said President and CEO Peter Hancock. "The creation of more nimble, standalone business units that can grow within AIG or be spun out or sold allows us to do what is in our shareholders' best interests." Douglas M. Steenland, AIG's Non-Executive Chairman, said, "The Board's actions reflect its full support for the plans that Peter Hancock and his management team have put forward, and we are aligned that these steps will deliver strong results while creating more options for shareholder value creation in subsequent years. After careful consideration, AIG believes that a full breakup in the near term would detract from, not enhance, shareholder value. A lack of diversification benefits would reduce capital available for distribution, and there would be a loss of tax benefits. Being a non-bank SIFI is not currently a binding constraint on return of capital," said Mr. Steenland.
07:03 EDTAIGAIG says board approves organizational changes, including nine 'modular' units
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07:03 EDTAIGAIG announces targeted expense reductions of $1.6B within two years
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07:03 EDTAIGAIG board committs to return at least $25B to shareholders over next two years
The Board of Directors has committed to return at least $25 billion of capital to shareholders over the next two years via buybacks and dividends without compromising the utilization of the Company's deferred tax assets; approved the IPO of up to 19.9% of United Guaranty Corporation as a first step towards a full separation; and approved the sale of AIG Advisor Group to Lightyear Capital LLC and PSP Investments.
07:02 EDTAIGAIG announces actions, organizational changes to create leaner insurer
07:02 EDTAIGAIG says strengthens reserves by $3.6B pre-tax in Q4
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07:01 EDTAIGAIG to sell AIG Advisor Group to Lightyear Capital, PSP Investments
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07:01 EDTAIGAIG to sell AIG Advisor Group to Lightyear Capital, PSP Investments
06:10 EDTRGCRegal Entertainment downgraded to Sector Perform from Outperform at RBC Capital
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