Stock Market & Financial Investment News

News Breaks December 10, 2012 09:26 EDT PRU, VZ Prudential completes pension risk transfer transaction with Verizon The Prudential Insurance Company of America, a Prudential Financial (PRU) company, announced that the Verizon Management Pension Plan has purchased a single premium group annuity contract from Prudential Insurance to settle approximately $7.5B of pension liabilities of the Plan. Under the terms of the contract, Prudential Insurance has irrevocably assumed the obligation, beginning January 1, 2013, to make future annuity payments to approximately 41,000 members of the Verizon Management Pension Plan. News For PRU;VZ From The Last 14 Days Check below for free stories on PRU;VZ the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 08:42 EDT VZ Vodafone an attractive way to play trends at Verizon Wireless, says RW Baird at RW Baird Subscribe for More Information 07:42 EDT VZ Barclays to host a conference Subscribe for More Information 07:24 EDT VZ NetEvents International to host a summit Subscribe for More Information 07:08 EDT VZ Phone companies start selling subscriber data, WSJ reports Subscribe for More Information 06:02 EDT VZ On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: Since the financial crisis, bonds backed by a single loan have been less common than securities made up of a group of unrelated loans. But the market for loans on commercial properties has changed in recent months and is booming again--$12.1B so far this year--the Wall Street Journal reports...Big phone companies (SAP, T, TEF, VZ, VOD, CCO) have begun to sell the vast amounts of data they gather about their subscribers' locations, travels and Web-browsing habits. The information provides a powerful tool for marketers but raises new privacy concerns, the Wall Street Journal reports...REUTERS: Apple's (AAPL) ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. Apple channeled profits into Irish-incorporated subsidiaries that had no declared tax residency anywhere in the world, Reuters reports...The dollar languished well below last week's 4 1/2-year high against the yen today, ahead of testimony from the Fed Chairman Bernanke after two regional Fed presidents hinted that the central bank will continue its bond-buying scheme, Reuters reports...BLOOMBERG: Samsung (SSNLF) and LG Electronics are reworking their strategies for high-end TVs after spending billions of dollars on a new display technology that’s behind schedule and costs nearly $10,000 a set. The misstep has created an opening for Sony (SNE), Sharp (SHCAY) and Chinese maker Skyworth Digital, Bloomberg reports...Apple’s (AAPL) bonds have lost $280.6M of market value since buyers snapped up $17B of the iPhone maker’s debt last month, declining as yields climb from record lows, Bloomberg reports. May 21, 2013 08:44 EDT PRU Regulators to soon vote on non-banks, WSJ reports Subscribe for More Information 07:32 EDT VZ CTIA–The Wireless Association to host a conference Subscribe for More Information 05:50 EDT VZ Vodafone to invest $3.15B Verizon dividend on business, WSJ reports Vodafone Group said it will keep the $3.15B dividend payment it will receive from Verizon Wireless and invest it in its flagging operations in Europe, which weighed heavily on its full-year profit, reports the Wall Street Journal. Reference Link May 17, 2013 16:47 EDT VZ Fitch affirms Verizon's IDR at 'A', outlook stable Subscribe for More Information 15:12 EDT VZ Focus on Verizon Wireless stake ahead of Vodafone earnings, Reuters says Subscribe for More Information 06:50 EDT VZ Verizon initiated with an Overweight at Barclays Target $59. May 15, 2013 11:48 EDT PRU Appaloosa reports new stakes in Comcast, Ashland, sells Oracle David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. 10:13 EDT PRU On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel. 07:33 EDT PRU Prudential upgraded to Buy from Hold at Argus Subscribe for More Information May 14, 2013 11:54 EDT VZ Verizon CFO says 'very comfortable' with cash position, ability to pay dividend Subscribe for More Information 11:49 EDT VZ Verizon CFO declines to comment on potential to purchase Vodafone JV stake Subscribe for More Information May 13, 2013 16:48 EDT VZ Verizon Wireless to make $7B payment to Verizon, Vodafone Verizon (VZ) disclosed in a regulatory filing that on May 9, the board of representatives of Verizon Wireless declared distributions to its owners in the aggregate amount of $7B, payable on June 25 in proportion to their respective partnership interests on the date of such distribution. Based on current ownership interests in Verizon Wireless, Verizon will receive cash payments aggregating $3.85B and Vodafone (VOD) will receive cash payments aggregating $3.15B. 10:09 EDT PRU On The Fly: Analyst Downgrade Summary Subscribe for More Information 07:29 EDT PRU Prudential downgraded to Neutral from Buy at BofA/Merrill Subscribe for More Information 07:29 EDT VZ Skillsoft to host a conference 2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. Sign up for a free trial to see the rest of the stories you've been missing.