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Stock Market & Financial Investment News

News Breaks
April 24, 2013
06:05 EDTPEUGY, DDAIF, AMZN, GS, CS, UBSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: PSA Peugeot Citroen (PEUGY) and Daimler (DDAIF) warned of lower earnings this year, a stark reminder that the continuing decline in European demand for new cars is increasingly testing the companies' growth strategies, the Wall Street Journal reports...Millions of workers saving for retirement risk losing part of their nest eggs if interest rates rise because of target-date mutual funds, designed for investors who lack the time or expertise to balance their investment portfolios, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN), known in the advertising industry as the "sleeping giant,” is awakening to the potential as the company has taken the first steps toward becoming a true Internet advertising network, Reuters reports...The European Central Bank is closer to lowering interest rates than at any time since July 2012 when it last cut them, and is likely to shave a quarter-point off at its policy meeting next week, Reuters reports...BLOOMBERG: Chinese stocks are becoming attractive with the decline in equity valuations and corporate profit growth poised to level out, according to Goldman Sachs Asset Management (GS), Bloomberg reports...Credit Suisse group (CS) will likely post higher profit than UBS (UBS) for a fourth straight quarter, but that hasn’t prevented UBS from trading at a higher price relative to estimated earnings and book value, as some investors embrace its focus on wealth management and question Credit Suisse’s decision to remain a full-service investment bank, Bloomberg reports.
News For PEUGY;DDAIF;AMZN;GS;CS;UBS From The Last 14 Days
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October 8, 2014
06:53 EDTAMZNAmazon has not enacted Luxembourg special tax agreements, Reuters says
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06:35 EDTGSGoldman Sachs' outlook questioned, NY Times says
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06:13 EDTAMZNNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
16:00 EDTAMZNOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
09:36 EDTAMZNActive equity options trading on open
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09:30 EDTDDAIFDaimler to begin making medium truck engines for North America, HDT says
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09:27 EDTDDAIFWells says Daimler decision to make engines negative for Cummins
Wells Fargo says Daimler's (DDAIF) announced intention to begin producing medium truck engines for its North American applications beginning in early 2016 is a negative for Cummins (CMI). Wells believes Daimler's decision is a threat to Cummins' supply relationship with Daimler's North American truck business. The firm estimates Cummins realized 45K engines and after-treatment systems to Daimler's North American Class 6-7 truck business over the twelve months ending August 2014. It has a Market Perform rating on the stock.
09:17 EDTGSSecurities Industry & Financial Markets Association to hold a conference
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08:08 EDTAMZNSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
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07:28 EDTGSWells Fargo ups price target ranges for capital markets banks
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07:05 EDTAMZNAmazon.com expands seller holiday deals program worldwide
Amazon announced that for the first time, top deals from sellers on Amazon will be featured on holiday deal pages worldwide. The holiday deals from sellers will now appear on the Amazon Today’s Deals page, Black Friday Store, Cyber Monday Store and many other high customer traffic site features. Participating sellers will be offering thousands of deals throughout the holiday season across most product categories. The seller holiday deals program, introduced for the first time last year, is now expanding to be available worldwide on local Amazon sites in the U.S., the EU, China, Japan, India and Canada.
06:51 EDTGS, UBSJustice Department set to attack more large banks by year end, NY Times says
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06:40 EDTUBSUBS French division aims to restructure asset management unit, Reuters says
The French division of UBS is aiming to reorganize its asset management unit and is in discussion with unions regarding potential staff reductions, as the bank looks to concentrate on private banking, according to Reuters, citing a spokeswoman for UBS France. Reference Link
06:14 EDTAMZNEC probes transfer pricing arrangements on taxation of Amazon in Luxembourg
The European Commission has opened an in-depth investigation to examine whether the decision by Luxembourg's tax authorities with regard to the corporate income tax to be paid by Amazon in Luxembourg comply with the EU rules on state aid. The opening of an in-depth investigation gives interested third parties and the Member States concerned an opportunity to submit comments. It does not prejudge the outcome of the investigation. The tax ruling in favor of Amazon under investigation dates back to 2003 and is still in force. It applies to Amazon's subsidiary Amazon EU Sarl, which is based in Luxembourg and records most of Amazon's European profits. Based on a methodology set by the tax ruling, Amazon EU Sarl pays a tax deductible royalty to a limited liability partnership established in Luxembourg but which is not subject to corporate taxation in Luxembourg. As a result, most European profits of Amazon are recorded in Luxembourg but are not taxed in Luxembourg. At this stage the Commission considers that the amount of this royalty, which lowers the taxable profits of Amazon EU Sarl each year, might not be in line with market conditions. The Commission has concerns that the ruling could underestimate the taxable profits of Amazon EU Sarl, and thereby grant an economic advantage to Amazon by allowing the group to pay less tax than other companies whose profits are allocated in line with market terms. The Commission will now continue investigating to determine whether its concerns are confirmed. Luxembourg did not fully comply with the Commission's request for information as part of its information gathering exercise in relation to tax ruling practices in some Member States but only provided a limited sample. In June the Commission therefore initiated infringement proceedings against Luxembourg by issuing letters of formal notice. Although the Luxembourgish authorities have still not fully complied with the Commission's information request, in August Luxembourg did provide information on a number of cases requested by the Commission, including Amazon. Reference Link
October 6, 2014
16:00 EDTAMZNOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
08:00 EDTGS, CSBanks cooperating on corporate bond 'shopping mall,' WSJ says
A group of 12 banks, including Credit Suisse (CS), Goldman Sachs (GS), HSBC (HSBC), JPMorgan (JPM), BNP Paribas (BNPQY), and Societe Generale (SCGLY), are cooperating on a new early-stage initiative, called “Neptune,” that is intended to be a "one-stop destination" for finding buyers and sellers of corporate bonds, said The Wall Street Journal, citing people familiar with the matter, who said no single bank is leading the project. Reference Link
07:51 EDTUBSBofA/Merrill European banks analysts hold an analyst/industry conference call
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07:41 EDTDDAIFToyota hydrogen plans knocked by heads of Nissan, Daimler, WSJ says
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07:29 EDTGSHead of NYDFS reaching out to banks in wake of JPMorgan breach, FT says
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06:27 EDTGSJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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