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News Breaks | | | | June 15, 2012 | | 16:20 EDT |  | IIVI, CS, NOK, NAV, OPY, SYUT, YPF, C | On The Fly: Closing Wrap
The market began the day quietly as futures closed the pre-market trading session near fair value. The averages moved to the upside within minutes of the open as investors ignored the poor reports on industrial production and Empire manufacturing. The market also had a rebalancing of S&P indices, the expirations of options, stock index options, futures, and stock index futures to contend with, in addition to the Greek elections to be held on Sunday. The market moved to a level within the first 30 minutes of trading and slowly drifted higher during the afteroon...ECONOMIC EVENTS: In the U.S., the June Empire State manufacturing report dropped to 2.29, versus expectations of 13.0. Industrial production fell 0.1% in May, versus expectations that it would remain flat. Manufacturing production declined 0.4%, versus forecasts it would fall 0.3% month-over-month. The University of Michigan consumer confidence reading was 74.1, versus expectations of 77.5. Internationally, this weekend will see the highly anticipated elections in Greece, as well as the second round of France's legislature elections, along with voting in Egypt that will influence U.S. policy in the Middle East...COMPANY NEWS: Shares of Nokia (NOK) rebounded about 5.5% from yesterday's steep sell-off. The troubled phone maker's shares were upgraded at both Citigroup (C) and Oppenheimer (OPY), but also downgraded at Credit Suisse (CS)... MAJOR MOVERS: Among the notable gainers were YPF SA (YPF), up 6.3% to $11.11, after Carlos Slim reported an 8.4% stake in the company, and Navistar (NAV), up almost 8% to $29.96, after hedge fund MHR Fund Management disclosed a 13.6% stake. Noteworthy losers included II-VI (IIVI), down 12.5% to $16.27, after giving a near-term and longer-term earnings view below consensus estimates, and Synutra (SYUT), down almost 20% to $4.50, after reporting disappointing Q4 results…INDICES: The Dow rose 115.26 to 12,767.17, the S&P gained 13.74 to 1,342.84, and the Nasdaq added 36.47 to 2,872.80. | |
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News For NOK;C;OPY;CS;YPF;NAV;IIVI;SYUT From The Last 14 Days Check below for free stories on NOK;C;OPY;CS;YPF;NAV;IIVI;SYUT the last two weeks. |
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| May 21, 2013 | | 09:42 EDT |  | C | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C | | | 07:13 EDT |  | C | U.S. bank mergers less likely this year, Bloomberg reports
 Subscribe for More Information | | | 07:12 EDT | | CS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link | | | 06:10 EDT | | CS | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. | | | May 20, 2013 | | 14:49 EDT |  | NAV | Navistar appoints Bill Kozek as president North America truck business
Navistar (NAV) announced it has appointed Bill Kozek as president of the company's North America Truck and Parts business. He succeeds Jack Allen, who was promoted to COO last month. Kozek joins Navistar following a 26-year career at PACCAR (PCAR), where he most recently served as vice president and general manager of its Peterbilt Motors. | | | 12:32 EDT | | C | Citigroup announces departure of CitiMortgage head, organizational changes
Subscribe for More Information | | | 11:49 EDT | | C | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
Subscribe for More Information | | | 09:40 EDT | | C | Active equity option families trading
Subscribe for More Information | | | 07:50 EDT | | C, CS | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | 07:32 EDT |  | NOK | Society for Information Display / IHS to host a conference
Display Week 2013 is being held in Vancouver, British Columbia on May 19-24. | | | | May 16, 2013 | | 12:32 EDT | | CS | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | 08:49 EDT | | NAV | Navistar sells recreational vehicle business
Subscribe for More Information | | | 08:33 EDT | | C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 07:18 EDT | | C | Investors bet on banks hit by credit crisis, Bloomberg reports
Subscribe for More Information | | | 06:41 EDT | | C | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information | | | 06:03 EDT | | YPF | YPF, Chevron agree to terms of Argentina shale investment, Reuters reports
Subscribe for More Information | | | May 15, 2013 | | 17:03 EDT | | C | 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). | | | 16:02 EDT | | C | Options Update; May 15, 2013
Subscribe for More Information | | | 15:32 EDT | | C | Citigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month | | | 11:48 EDT | | C | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | |
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