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Stock Market & Financial Investment News

News Breaks
March 1, 2011
13:15 EDTGS, PGProcter & Gamble says Rajat Gupta voluntarily resigned from board
In a regulatory filig, Procter & Gamble (PG) announced that Rajat Gupta voluntarily resigned from the company's board on March 1. The resignaton follows the SEC announcing insider trading charges against Rajat Gupta. The SEC alleges that Gupta, a business consultant who has served on the boards of directors at Goldman Sachs (GS) and Procter & Gamble, illegally tipped Galleon Management founder and hedge fund manager Raj Rajaratnam with inside information about the quarterly earnings and an impending $5B investment by Berkshire Hathaway in Goldman.
News For PG;GS From The Last 14 Days
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April 16, 2015
07:38 EDTGSGoldman Sachs reports Common Equity Tier 1 ratio 11.4% at March 31
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07:37 EDTGSGoldman Sachs increases quarterly dividend to 65c per share
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07:36 EDTGSGoldman Sachs reports Q1 EPS $5.94, consensus $4.26
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07:19 EDTGSOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
April 15, 2015
16:39 EDTPGHenkel, Revlon, Coty line up bids for Procter & Gamble beauty unit, Reuters says
According to sources, Henkel & Co (HENKY), Revlon (REV) and Coty (COTY) are lining up bids for parts of Procter & Gamble's (PG) beauty business, Reuters reports. Reference Link
15:59 EDTGSVIX methodology for Goldman Sachs down 1.8% to 20.75 into Q1
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15:57 EDTGSGoldman Sachs April 200 straddle priced for 2.1% movement into Q1
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14:42 EDTGSEarnings Watch: Goldman to report amid optimism on fixed income, trading
Goldman Sachs (GS) is scheduled to report first quarter earnings before the open on Wednesday, April 16, with a conference call scheduled for 9:30 am ET. Goldman is an investment bank. EXPECTATIONS: Analysts are looking for earnings per share of $4.26 on revenue of $9.35B, according to First Call. The consensus range for EPS is $4.11-$4.44 on revenue of $8.72B-$9.65B. LAST QUARTER: Goldman reported higher than expected fourth quarter profits and revenue. However, the revenue of its investment banking and institutional client services businesses fell 16% and 8% respectively versus the same period a year earlier, while the revenue of its fixed income business tumbled 19% year-over-year. In March, Goldman passed the Fed's stress test, and it raised its quarterly dividend by 5c to 65c per share. In April, Reuters reported that Global investment banking fees dropped 8% to $20B in the first quarter, representing the weakest start to the year for the fees since 2012, according to Reuters. Deal activity in Europe, Asia Pacific, and Japan was weak during the quarter, the news service stated. On a positive note for Goldman investors, The Wall Street Journal on April 2 quoted NAB Research and Deutsche Bank as saying that volatility in the currency market had risen 18% from January to mid-March, which should boost profitability for the fixed-income trading businesses at major banks. PEER RESULTS: Perhaps boding well for Goldman, JPMorgan reported on Monday that its Q1 gross investment banking revenue from its commercial banking clients had soared 68%, STREET RESEARCH: On April 7, research firm Susquehanna raised its Q1 EPS estimate for Goldman to $4.24 from $3.60, citing improved trading and fixed income forecasts. The firm increased its price target on the shares to $198 from $190 and set a Neutral rating on the shares. PRICE ACTION: Goldman's stock has jumped almost 13% over the last three months and almost 30% over the last year.
06:11 EDTGSRegulators seek to end 'too big to fail' firms, WSJ reports
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April 14, 2015
14:05 EDTGSGoldman Sachs April volatility elevated into Q1 and outlook
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06:11 EDTPGProcter & Gamble CEO could step down as early as summer, WSJ reports
Procter & Gamble CEO A.G. Lafley and other senior executives have reportedly made comments in private meetings with Wall Street analysts and investors that Lafley could step down as early as this summer, The Wall Street Journal reports, citing sources who attended the meetings. Analysts believe Lafley could remain chairman for "another year or two" to help smooth a CEO transition. The company's next CEO, which is likely to be an internal candidate, is widely expected to be P&G executive David Taylor. Reference Link
April 13, 2015
08:42 EDTGSPandora rises after Spotify reportedly valued above $8B in fundraising
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06:39 EDTGSGoldman Sachs in talks to sell NPL business of Archon to D.E. Shaw, Reuters says
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April 10, 2015
17:26 EDTGSSpotify close to deal to raise $400M, WSJ reports
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April 9, 2015
07:17 EDTGSGoldman Sachs April volatility elevated into Q1 and outlook
Goldman Sachs April call option implied volatility is at 24, May is at 19, July is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
April 8, 2015
12:36 EDTGSGoogle, Facebook not discussing Twitter buyout, Re/code reports
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11:23 EDTPGProcter & Gamble starts sale process for beauty brands, Bloomberg says
Procter & Gamble (PG) has begun the sale process for its Wella haircare unit, some cosmetics brands and its fragrance business by sending out documents to potential bidders, according to Bloomberg, citing people familiar with the matter. Potential buyers contacted include Revlon (REV), Unilever (UN, UL), Coty (COTY), Kao Corp. and Henkel, the report noted, adding that the businesses could fetch as much as $19B altogether. Reference Link
10:26 EDTGSBofA Merill Lynch names De Giorgi, Assef as investment banking co-heads, FT says
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April 7, 2015
08:11 EDTGSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
April 6, 2015
18:01 EDTGSCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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