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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:06 EDTMS, NGL, TLPMorgan Stanley to sell TransMontaigne stake to NGL Energy Partners for $200M
NGL Energy Partners LP (NGL) has entered into a definitive purchase agreement with affiliates of Morgan Stanley (MS) to acquire (i) TransMontaigne Inc (TLP), the owner of TransMontaigne GP L.L.C., the general partner of TransMontaigne Partners L.P., a master limited partnership that trades on the New York Stock Exchange, (ii) the limited partnership units of TransMontaigne Partners L.P. held by Morgan Stanley, amounting to approximately 19.7% of the outstanding units, and (iii) certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The definitive agreementcontemplates the purchase of Morgan Stanley's energy business related to TransMontaigne on a debt-free basis for a cash purchase price of $200M, including working capital, plus an additional amount for inventory transferred at the closing. The consummation of the transaction is subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act. The acquisition is anticipated to close in the third quarter of 2014. The transaction does not involve the sale or purchase of any of the LP units owned by the public.
News For NGL;MS;TLP From The Last 14 Days
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November 21, 2014
10:20 EDTNGLHigh option volume stocks
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07:41 EDTMSGoldman, Morgan Stanley, JPMorgan grilled on commodities, WSJ says
Sen. Carl Levin, the retiring chairman of the Senate Permanent Subcommittee on Investigations, accused Goldman Sachs (GS) of manipulating aluminum markets and also said JPMorgan Chase (JPM) and Morgan Stanley (MS) obscured their investments in metals or natural gas from regulators as representatives of the banks took part in a hearing that is part of a larger probe into their dealings in commodities markets, reported The Wall Street Journal. Reference Link
07:24 EDTMSBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 19, 2014
13:05 EDTMSMorgan Stanley files automatic mixed securities shelf
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12:38 EDTMSSenate Homeland Security & Government Affairs Committee to hold a hearing
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November 18, 2014
09:02 EDTMSMorgan Stanley Wealth Management forms Global Sports & Entertainment unit
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November 12, 2014
10:46 EDTMSMorgan Stanley's Kelleher says Europe needs viable securitization framework
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10:37 EDTMSMorgan Stanley's Kelleher says firm is negative on Europe for growth
The company's President, Institutional securities Colm Kelleher is speaking at the BofA Financial Services Conference.
07:28 EDTMSBofA/Merrill to hold a conference
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November 10, 2014
19:49 EDTNGLNGL Energy Partners reaffirms FY15 adjusted EBITDA guidance of $425M
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19:48 EDTNGLNGL Energy Partners reports Q2 EPS (34c), may not compare to consensus 3c
Reports Q2 revenue $5.38B, consensus $4.52B.
06:46 EDTMSRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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