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Stock Market & Financial Investment News

News Breaks
August 5, 2014
07:11 EDTOCNOcwen Financial downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Ocwen to Perform from Outperform. The firm believes that a letter to the company released by NY Department of Financial Services Superintendent Benjamin Lawsky yesterday on potential forced-place insurance conflicts indicates that Lawsky is "pursuing" Ocwen "with considerable vigor" and that little progress has been made in resolving the issues between Lawsky's office and the company. The firm expects the overhang on the company from these issues to linger longer than it had previously expected.
News For OCN From The Last 14 Days
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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).

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