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Stock Market & Financial Investment News

News Breaks
February 24, 2014
11:43 EDTGGB, KMP, OCN, MYLOptions with increasing implied volatility: OCN GGB MYL KMP
News For OCN;GGB;MYL;KMP From The Last 14 Days
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November 20, 2014
13:04 EDTKMPKinder Morgan announces shareholder approval of merger transactions
Kinder Morgan (KMI) announced that at special meetings held by each of KMI, Kinder Morgan Energy Partners (KMP), Kinder Morgan Management (KMR) and El Paso Pipeline Partners (EPB), unitholders and shareholders approved all proposals related to the merger transactions previously announced on Aug. 10. More than 95% of the votes cast at the special meeting of each company were voted in favor of the proposals related to the merger transactions. The deadline for KMP and EPB unitholders to elect the form of consideration they wish to receive in each of KMP’s and EPB’s pending mergers with KMI is 5:00 p.m. ET on Nov. 24, 2014. The election deadline may be extended, in which case KMI will issue a press release announcing the new election deadline. The closing of each merger is expected to occur on Nov. 26, 2014. Accordingly, it is expected that Nov. 26 will be the last trading day for KMP and EPB units as well as KMR shares.
09:43 EDTKMPKinder Morgan to host special shareholder meeting
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November 19, 2014
10:14 EDTMYLMylan November calls active on takeover speculation
Mylan November 55 & 57.5 calls are active on total call volume of 7,100 contracts (200 puts) on takeover speculation. November call option implied volatility is at 36, December is at 34; compared to its 26-week average of 32 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
09:51 EDTMYLRumor: Mylan strength attributed to takeover speculation
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November 17, 2014
07:33 EDTKMPMatrix Service awarded EPC contract by Kinder Morgan Energy
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November 14, 2014
12:53 EDTOCNOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
07:05 EDTKMPKinder Morgan says expected closing date of merger Nov. 24
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November 13, 2014
17:35 EDTOCNOcwen unit signs mutual termination agreement with Wells Fargo
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07:38 EDTMYLBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 11, 2014
15:12 EDTOCNOcwen Financial puts active on New York DFS Lawsky undecided on leaving report
Ocwen Financial November 27 puts are active on following press reports that New York Department of Financial Services Superintendent Benjamin Lawsky was planning to leave his post. November put option implied volatility is at 65, December is at 67, January is at 71; compared to its 26-week average of 48 according to Track Data. Active option volume suggests traders taking positions for wide price movement.
12:50 EDTOCNLawsky undecided on leaving NYDFS, Inside Mortgage Finance says
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08:30 EDTOCNLawsky reports a positive for mortgage space, says FBR Capital
FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky’s plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial (OCN) has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage (NSM)) has also received a letter from the regulator. It also views the reports as a positive for Walter Investment (WAC), which it notes has avoided a targeted communication by Lawsky thus far. FBR thinks a softening of the regulatory environment could allow the big banks to start moving product again.
November 10, 2014
13:22 EDTOCNBenjamin Lawsky expected to leave post in early 2015, Daily News reports
New York Department of Financial Services Superintendent Benjamin Lawsky is expected to leave Gov. Cuomo's cabinet in early 2015 for the private sector, New York Daily News reports, citing sources. Lawsky has been waging a public battle against Ocwen (OCN) over the company's mortgage servicing practices. Reference Link
09:05 EDTKMPKinder Morgan says ISS, Egan-Jones recommend approval of merger transactions
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