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Stock Market & Financial Investment News

News Breaks
January 8, 2013
07:22 EDTPSEC, TRIProspect Capital provides $70M of financing for Thomson Reuters PTS purchase
Prospect Capital (PSEC) announced that Prospect has provided $70M of debt financing for the acquisition of Thomson Reuters (TRI) Property Tax Services, or PTS, by Ryan.
News For PSEC;TRI From The Last 14 Days
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June 18, 2013
07:29 EDTTRISecurities Industry and Financial Markets Association to host a conference
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June 14, 2013
10:10 EDTPSECOn The Fly: Analyst Upgrade Summary
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07:04 EDTPSECProspect Capital upgraded to Market Perform from Underperform at Wells Fargo
June 13, 2013
05:46 EDTTRITraders pay for an early look at key data, WSJ reports
Economic reports from public universities, trade groups and other nongovernmental organizations can move markets just as official data from the U.S. government. But unlike government reports, where great pains are taken to make certain no one gets them ahead of time, few rules control release of nongovernmental economic reports. Unknown to many investors, selling early access is routine. It's legal, and so is trading on the advance peeks, reports the Wall Street Journal. Reference Link
June 12, 2013
11:44 EDTTRIThomson Reuters pays to give data to elite traders first, CNBC reports
Thomson Reuters pays the University of Michigan $1M per year for exclusive access to the university's consumer confidence number, and offers the information to an elite group of traders, for a fee, two seconds before its official release, CNBC reports. Many market participants are not aware that some traders get a head start on market-moving data, CNBC adds. Reference Link
08:15 EDTPSECProspect Capital raises Q4 NII to 35c from 31c, consensus 30c
Based on the closing stock price as of June 11, this estimate represents an annualized net investment income yield of 12.2% to 13.8%. Prospect also announced that it recently completed a $112M first-lien senior secured investment in a leading third-party logistics company that services many of the largest shippers in the world.
June 10, 2013
07:11 EDTTRINational Investor Relations Institute to host conference
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June 6, 2013
05:58 EDTTRIThomson Reuters acquires, terms not disclosed
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