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Stock Market & Financial Investment News

News Breaks
December 3, 2012
06:08 EDTGS, PUBGY, MS, WPPGY, IPG, BP, CVX, XOM, RDS.AOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Exporting the U.S. shale energy revolution overseas is giving the U.S. a significant competitive advantage. While there are huge shale deposits outside of North America, oil companies are running into obstacles as they try to replicate the U.S. experience on other continents. The result is that significant overseas shale energy production could be a decade away, the Wall Street Journal reports...Three major ad firms, WPP (WPPGY), Publicis Groupe (PUBGY) and Interpublic Group (IPG), are revising down their projections for 2013 global ad spending growth, citing economic troubles in Europe and lackluster conditions in the U.S., among other factors, the Wall Street Journal reports...REUTERS: Wall Street banks, including Morgan Stanley (MS) and Goldman Sachs (GS), are looking to help offshore clients sidestep new U.S. rules designed to safeguard the world's $640T over-the-counter derivatives market, taking advantage of an exemption that risks undermining U.S. regulators' efforts, Reuters reports...The U.K.s Public Accounts Committee called on the government to crack down on multinational companies that make substantial sales in Britain but pay little tax there, Reuters reports...BLOOMBERG: China may maintain its annual economic growth target at 7.5% next year in a sign the new leadership headed by Xi Jinping wont tolerate a bigger slowdown from the lowest goal since 2004, Bloomberg reports...Hedge funds increased bullish bets on commodities by the most since August as evidence that China is accelerating outweighed concern that U.S. lawmakers have yet to resolve an impasse over automatic spending cuts and tax rises, Bloomberg reports.
News For A;CVX;BP;XOM;WPPGY;PUBGY;IPG;MS;GS From The Last 14 Days
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January 16, 2015
07:37 EDTBPBP downgraded to Hold from Buy at Canaccord
07:36 EDTGSGoldman Sachs reports Q4 EPS $4.38, consensus $4.32
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06:56 EDTMSMorgan Stanley volatility increases into Q4 and outlook
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06:49 EDTBP, CVX, XOMOil prices climb after IEA says production falling, Reuters reports
Oil prices rebounded today after the International Energy Agency, or IEA, said it saw signs that oil production was falling in some areas, including North America, according to Reuters. "A price recovery...may not be imminent, but signs are mounting that the tide will turn," Reuters quoted the IEA as saying. Oil prices could rebound in the second half of the year, the IEA indicated, the news service reported. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
05:57 EDTMSReinhart leaves Morgan Stanley as Chief U.S. economist, Bloomberg reports
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January 15, 2015
17:53 EDTBPBP may pay up to $13.7B in fines for Deepwater Horizon Gulf spill case, WSJ says
BP may have to pay a maximum $13.7B in fines for the oil that escaped into the Gulf of Mexico in the 2010 Deepwater Horizon incident, says the Wall Street Journal. A federal judge ruled that the company is liable for just over 3M barrels of oil spilled in the disaster, added the Wall Street Journal. Reference Link
15:14 EDTGSNotable companies reporting before tomorrow's open
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15:03 EDTGSGoldman Sachs technical notes ahead of results
The shares have been in a downtrend since the stock hit its 52-week high of $198.06 in early December of last year. If the downtrend continues following earnings, there are some important support levels to watch as potential downside objectives. A first major test may come at the 200-day moving average, last at $175.79. If that support failed to hold, a pivot low at $171.26 would be next support. That pivot was from the October market lows. Next support thereafter would be at $168.02. If there is more bullish news than traders currently appear to expect, the following resistance levels could become upside objectives: $180.80, $183.96, $186.58, and $189.99.
14:20 EDTGSGoldman Sachs January 177 straddle priced for 2.4% movement into Q4
10:00 EDTPUBGYOn The Fly: Analyst Upgrade Summary
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09:14 EDTMSMorgan Stanley naming new managing directors, sources say, Reuters reports
Morgan Stanley CEO James Gorman and other senior executives have been calling employees named to the new class of managing directors at the bank, Reuters reports, citing sources. The bank is expected to make an announcement today with the names of the new managing directors. In 2014, Morgan Stanley named 153 new managing directors. Reference Link
08:18 EDTPUBGYPublicis upgraded to Hold from Sell at Evercore ISI
Evercore ISI upgraded Publicis to Hold based on FX tailwinds.
06:21 EDTGSGoldman Sachs helped Apollo in Caesar's restructuring deal, NY Post reports
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06:10 EDTBPBP cutting 300 jobs in onshore roles, Daily Mail reports
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January 14, 2015
07:31 EDTGSGoldman Sachs volatility increases into Q4 and outlook
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06:54 EDTBP, CVX, XOMEnergy Department says oil production to rise this year, NY Times says
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06:36 EDTGSGoldman Sachs Q4 profit reduced by loan write-down, Reuters says
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January 13, 2015
16:03 EDTIPGMcCann Worldgroup Detroit appoints Lance Miller as Chief Technology Officer
McCann Worldgroup Detroit announced that Lance Miller has been named Chief Technology Officer. Miller will lead the IT department, oversee the integration of existing and emerging technologies and build a cohesive infrastructure for the Worldgroup Detroit teams, Commonwealth//McCann global operations and their respective clients. Miller joins the company after serving as Director of Client Services for Southfield, Michigan-based UltraLevel, where he oversaw the Professional Services, Managed Services and Learning Services business units. Prior to that, he spent four years at MRM//McCann. McCann Worldgroup is part of the Interpublic Group.
16:02 EDTWPPGYWPP PLC acquires majority stake in its affiliate Phantasia
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15:12 EDTGS, MSU.S. Supreme Court decision gives homeowners leeway to rescind mortgage loans
In an unanimous ruling, the U.S. Supreme Court ruled on Jesinoski vs. Countrywide Home Loans that homeowners are allowed to rescind home mortgages within the three years allotted under the Truth in Lending Act of 1968 by providing written notice to his/her lender. The court ruled that the borrowers were not required to file suit against the lender, which the respondents, Countrywide, claimed. The notice of rescission was sufficient to clear the homeowners of any obligation to the loan, provided they do it within the allotted time. Countrywide Home Loans is a subsidiary of Bank of America (BAC). Other publicly traded companies in the banking space include Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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