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Stock Market & Financial Investment News

News Breaks
February 14, 2013
17:18 EDTMS, TSO, EQIX, NWSAThird Point reports new stakes in News Corp., Tesoro, Morgan Stanley, Equinix
News For NWSA;TSO;MS;EQIX From The Last 14 Days
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November 21, 2014
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 20, 2014
10:10 EDTNWSASoutheastern selling down stake in News Corp., Australian says
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November 19, 2014
16:35 EDTTSOTesoro's Chair of the Board Steven Grapstein to step down at year-end
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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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07:46 EDTEQIXEquinix price target raised to $240 from $225 at Oppenheimer
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November 18, 2014
09:10 EDTNWSASoutheastern leads challenge to News Corp. voting structure, FT says
Southeastern Asset Management, which now controls 12.7% of News Corp’s voting stock, is at odds with Rupert Murdoch’s family over the company's dual-class share structure that gives Murdoch an outsized amount of the voting power, reported Financial Times. Reference Link
09:02 EDTMSMorgan Stanley Wealth Management forms Global Sports & Entertainment unit
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06:31 EDTTSOTesoro coverage resumed with a Conviction Buy at Goldman
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November 17, 2014
15:43 EDTNWSAGabelli liquidates stake in Move, Inc.
Gabelli's most recent stake, as reported on November 3, was 8.84%. As a result of the completion of the acquisition of the company by News Corp. (NWSA), Gabelli no longer has beneficial ownership of any of its shares.
07:51 EDTEQIXEquinix files automatic mixed securities shelf
November 14, 2014
08:29 EDTNWSANews Corp completes acquisition of Move, Inc
News Corp announced that it has successfully completed its acquisition of Move, Inc. Move is a provider of online real estate services and operates a network of sites, including realtor.com, the official website for the National Association of Realtors. The previously announced tender offer by a subsidiary of News Corp for all of the outstanding shares of Move common stock at a price of $21.00 per share expired as scheduled at the end of the day, 12:00 midnight, New York City time, on November 13, 2014. Excluding shares tendered by notice of guaranteed delivery, a total of approximately 34,299,586 shares were validly tendered into and not withdrawn from the tender offer, representing, together with the shares owned by News Corp and its subsidiaries, approximately 83.1% of Move’s outstanding shares. As a result, News Corp, through its subsidiary, has accepted for payment and will promptly pay for all such validly tendered shares pursuant to the terms of the tender offer. Following its acceptance of the tendered shares, News Corp completed the acquisition by causing the merger of its subsidiary with and into Move without a vote of Move’s stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. Upon completion of the merger, Move became an indirect, wholly-owned subsidiary of News Corp. As a result of the merger and in accordance with the terms of the merger agreement, all eligible Move shares not tendered into the tender offer were cancelled and converted into the right to receive $21.00 per share in cash, without interest and less any applicable withholding taxes, the same price per share offered in the tender offer. As a result of the acquisition, Move shares ceased to be traded on the NASDAQ Stock Market. REA Group Limited, in which News Corp owns a 61.6% interest, has entered into a definitive agreement with News Corp to acquire a 20% stake in Move. The transaction is expected to be completed on November 17.
November 13, 2014
06:27 EDTNWSADow Jones to end German, Turkish services, Sunday inserts, WSJ reports
Dow Jones, a unit of News Corp, will eliminate certain local-language news products in Germany and Turkey, The Wall Street Journal Radio Network and The Sunday Journal, leading to the reduction of 50-60 jobs, the Wall Street Journal reports, citing a source familiar with the matter. In a staff memo, Dow Jones CEO William Lewis explained that "It will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals." Reference Link
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 11, 2014
08:10 EDTEQIXEquinix and Datapipe to provide managed solutions to Amazon Web Services
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November 10, 2014
07:23 EDTEQIXRBC Capital to hold a conference
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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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