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Stock Market & Financial Investment News

News Breaks
July 2, 2014
08:09 EDTNGL, TLP, MSNGL completes TransMontaigne GP, related asset acquisition
NGL Energy Partners (NGL) announced that it has completed its acquisition from Morgan Stanley (MS) affiliates of TransMontaigne, the owner of TransMontaigne, which is the general partner of TransMontaigne Partners (TLP), the limited partnership interest of TransMontaigne Partners held by TransMontaigne, amounting to approximately 17% of the outstanding units, the limited partnership interest of TransMontaigne Partners held by affiliates of Morgan Stanley, amounting to approximately 3% of the outstanding units and certain entities associated with the TransMontaigne business as well as the related inventory and pipeline and other contract rights. The purchase of Morgan Stanley’s energy business related to TransMontaigne was completed on a debt-free basis for a cash purchase price of $200M, including working capital, plus $347M for inventory transferred at the closing. The transaction did not involve the sale or purchase of any of the LP units owned by the public.
News For NGL;TLP;MS From The Last 14 Days
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September 29, 2014
07:58 EDTMSWarren calls for hearing on 'disturbing' Fed tapes, Reuters reports
Two members of the the Senate Banking Committee, Democrats Elizabeth Warren and Sherrod Brown, called for an investigation into the issues raised by secretly taped conversations between officials at Goldman Sachs (GS) and supervisors at the New York Federal Reserve, reported Reuters. Other large U.S. banks include Bank of America (BAC), Citigroup (C), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 26, 2014
14:29 EDTMSAlibaba awards IPO banks $50M in incentive fees, Bloomberg says
According to people with knowledge of the matter, Alibaba (BABA) gave Credit Suisse (CS) and Morgan Stanley (MS) approximately half of the incentive fees that were awarded to the six banks responsible for overseeing its IPO, Bloomberg reports. Reference Link
September 25, 2014
15:10 EDTMSHolder resignation as AG positive for banks, says Rafferty Capital
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07:27 EDTMSMorgan sale of oil unit to Rosneft may break down over sanctions, Reuters says
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September 24, 2014
15:04 EDTMSGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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09:59 EDTMSOn The Fly: Analyst Downgrade Summary
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07:41 EDTMSMorgan Stanley price target raised to $42 from $38 at UBS
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05:45 EDTMSMorgan Stanley downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded its rating on Morgan Stanley (MS) to Neutral saying shares look expensive and that it does not see the bank meeting its 10% return on equity target. JPMorgan sees better value in other investment banks, specifically UBS (UBS), and keeps a $34 price target for Morgan Stanley shares. The stock closed yesterday down 16c to $35.02.
September 18, 2014
14:08 EDTMSBanks look to high-interest personal loans to boost revenue, WSJ says
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September 17, 2014
13:16 EDTMSHolder says DOJ looking to charge bank executives, Washington Post says
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08:30 EDTNGL, TLPTransmontaigne unit, Metroplex enter terminaling services agreement
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September 16, 2014
14:44 EDTMSVirginia AG files $1.15B lawsuit against banks that sold RMBS during crisis
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07:07 EDTMSMagnum Hunter announces partnership with Morgan Stanley Infrastructure
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07:01 EDTMSMorgan Stanley Infrastructure to acquire co-control ownership of Eureka Hunter
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