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Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTLCC, OPY, DBOppenheimer ordered to pay U.S Airways $30M from ARS losses
In a regulatory filing from Friday, Oppenheimer Holdings (OPY) disclosed that an arbitration panel issued an order awarding US Airways (LCC) $30M in damages, including interest and costs, on a claim of approximately $140M (adjusted down from $253M). As previously reported, in February 2009, Oppenheimer received notification of a filing of an arbitration claim before FINRA captioned US Airways v. Oppenheimer seeking an award compelling Oppenheimer to purchase approximately $253M in Auction Rate Securities,ARS, issued by Deutsche Bank( DB), and previously purchased by US Airways through Oppenheimer. The effect of the award will result in a fourth quarter after-tax charge of $17.9M. The company is extremely disappointed with the decision of the panel and will pursue its previously filed arbitration against Deutsche Bank Securities, in an effort to recover the amount of the award plus all associated costs of the case. Oppenheimer is also currently considering whether to file a motion to vacate the order.
News For OPY;LCC;DB From The Last 14 Days
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November 25, 2014
10:00 EDTOPYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 3M Company (MMM) initiated with an Underperform at RBC Capital... Ametek (AME) initiated with an Outperform at RBC Capital... AstraZeneca (AZN) initiated with an Outperform at Exane BNP Paribas... Bayer (BAYRY) initiated with a Neutral at Exane BNP Paribas... Carlisle (CSL) initiated with a Sector Perform at RBC Capital... Colfax (CFX) initiated with a Sector Perform at RBC Capital... Dover (DOV) initiated with a Sector Perform at RBC Capital... Eaton (ETN) initiated with a Sector Perform at RBC Capital... Emerson (EMR) initiated with a Sector Perform at RBC Capital... Evercore Partners (EVR) initiated with an Outperform at Macquarie... Fifth Street Asset (FSAM) initiated with a Buy at MLV & Co.... Flowserve (FLS) initiated with an Underperform at RBC Capital... General Electric (GE) initiated with an Outperform at RBC Capital... GlaxoSmithKline (GSK) initiated with an Underperform at Exane BNP Paribas... Grainger (GWW) initiated with a Sector Perform at RBC Capital... Hanesbrands (HBI) initiated with a Buy at UBS... Hercules Technology (HTGC) initiated with a Neutral at Macquarie... HomeStreet (HMST) initiated with a Neutral at Macquarie... Honeywell (HON) initiated with an Outperform at RBC Capital... IDEX Corp. (IEX) initiated with an Outperform at RBC Capital... Illinois Tool Works (ITW) initiated with a Sector Perform at RBC Capital... Ingersoll-Rand (IR) initiated with a Sector Perform at RBC Capital... ManTech (MANT) initiated with a Buy at Maxim... Novartis (NVS) initiated with an Outperform at Exane BNP Paribas... Nu Skin (NUS) initiated with a Neutral at Citigroup... Oppenheimer Holdings (OPY) initiated with a Neutral at Macquarie... Pentair (PNR) initiated with an Outperform at RBC Capital... Raymond James (RJF) initiated with a Neutral at Macquarie... Roche (RHHBY) initiated with an Outperform at Exane BNP Paribas... Roper Industries (ROP) initiated with an Outperform at RBC Capital... SPX Corp. (SPW) initiated with a Sector Perform at RBC Capital... Sanofi (SNY) initiated with an Outperform at Exane BNP Paribas... Tyco (TYC) initiated with an Outperform at RBC Capital... United Technologies (UTX) initiated with an Outperform at RBC Capital... WESCO (WCC) initiated with an Outperform at RBC Capital... Xylem (XYL) initiated with a Sector Perform at RBC Capital.
07:29 EDTOPYOppenheimer Holdings initiated with a Neutral at Macquarie
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November 19, 2014
07:51 EDTDBClearing House Payments Company to hold a conference
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November 18, 2014
07:40 EDTDBDeutsche Bank to exit most individual company CDS trading, Bloomberg reports
A Deutsche Bank spokeswoman confirmed the bank will stop trading most credit-default swaps tied to individual companies, citing the higher costs from new banking regulations, reported Bloomberg, which noted that the bank plans to maintain trading in the more active market for credit swaps tied to benchmark indexes. Reference Link
07:00 EDTDBDeutsche Bank looking to sell further AT1 bonds, Reuters reports
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06:34 EDTDBDraghi sees positive signs in euro zone, NY Times reports
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November 14, 2014
10:03 EDTDBHigh option volume stocks
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November 12, 2014
11:50 EDTDBDeutsche Bank to sell $2B commercial real estate loans to TPG, Reuters says
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