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Stock Market & Financial Investment News

News Breaks
March 16, 2012
16:21 EDTRIG, C, FRO, WFC, PWRD, DSCO, OGXIOn The Fly: Closing Wrap
Stock futures were quiet throughout the pre-market trading session, leading to a relatively flat open for the broader market. The action characterized the day’s activity as the averages moved in a narrow range throughout the session and investors ignored economic data points The action was particularly quiet given it was quadruple witching; the day when stock index futures, stock index options, stock options, and stock futures expire. ECONOMIC EVENTS: In the U.S., the CPI showed that prices rose 0.4% in February, in-line with the expected increase. The core reading, which excludes food and energy, showed an increase of 0.1% versus the expected increase of 0.2%. U.S. industrial production was flat in February, versus expectations of rise of 0.4%. Capacity utilization was reported at 78.7%, down from January's upwardly revised 78.8%. In March, U.S. consumer sentiment dipped 1 point to 74.3 according to the preliminary University of Michigan survey, versus expectations for a 76.0 reading... MARKET NEWS: Shares of Transocean (RIG) moved up about 4% after the company's monthly fleet update spurred an upgrade at Global Hunter and price target increases at Citigroup (C) and Susquehanna…MAJOR MOVERS: Among the biggest gainers were Frontline Ltd. (FRO) which soared 23.6% to $7.64 after Wells Fargo (WFC) noted charter costs had risen significantly, and Perfect World (PWRD) which rallied 27.6% to $16.01 after reporting better than expected Q4 results. The losers included Discovery Labs (DSCO) which tumbled 18.5% to $2.85 after announcing a 16M share offering, and OncoGenex Pharmaceutical (OGXI) which fell 20.7% to $13.81 after announcing a 4M share offering. INDICES: The Dow fell 20.14 to 13,232.62, the S&P gained 1.57 to 1,404.17, and the Nasdaq lost 1.11 to 3,055.26.
News For RIG;C;FRO;WFC;PWRD;DSCO;OGXI From The Last 14 Days
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September 29, 2014
06:23 EDTCCitigroup, JPMorgan meet with FCA to settle forex rigging probe, WSJ reports
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September 26, 2014
09:37 EDTCActive equity options trading on open
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September 25, 2014
15:10 EDTC, WFCHolder resignation as AG positive for banks, says Rafferty Capital
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11:35 EDTRIGStocks with call strike movement; FB RIG
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September 24, 2014
16:01 EDTRIGOptions Update; September 24, 2014
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15:04 EDTC, WFCGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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09:34 EDTCActive equity options trading on open
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September 23, 2014
16:00 EDTCOptions Update; September 23, 2014
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07:33 EDTCCitigroup threatened by Argentina over bond payments, Reuters reports
Argentine Economy Minister Axel Kicillof threatened Citigroup with "penalties" if the bank failed to make a $5M interest payment due to bondholders by Sept. 30 and the bank plans to ask a U.S. judge to stay an order barring it from processing payments on $8.4B in bonds issued after the country's 2002 default, reported Reuters. Reference Link
06:13 EDTWFCWells Fargo Advisers fined $5M by SEC for failing to maintain controls
The Securities and Exchange Commission yesterday charged Wells Fargo Advisors LLC with failing to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s nonpublic information. The SEC also charged Wells Fargo for unreasonably delaying its production of documents during the SEC’s investigation and providing an altered internal document related to a compliance review of the broker’s trading. Wells Fargo, which admits wrongdoing, has agreed to pay a $5M penalty to settle the SEC’s charges, which are the first-ever against a broker-dealer for failing to protect a customer’s material nonpublic information. Reference Link
September 22, 2014
18:20 EDTWFCSEC fines Wells Fargo Advisors $5M for not stopping inside trade, FT reports
The brokerage arm of Wells Fargo (WFC), Wells Fargo Advisors, was fined $5M by the SEC for not stopping an employee from trading on customer information ahead of the 2010 acquisition of Burger King (BKW), sometimes called “the sandwich deal," FT reports. Reference Link
16:37 EDTRIGTransocean receives $115M in new contracts since August 21 fleet update
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16:00 EDTCOptions Update; September 22, 2014
iPath S&P 500 VIX Short-Term Futures up 91c to 28.14. Option volume leaders: AAPL TSLA NFLX C TWTR AMZN BP PBR CLF WLT according to Track Data.
09:38 EDTCActive equity options trading on open
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September 21, 2014
12:48 EDTRIGTransocean to host special shareholder meeting
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September 20, 2014
21:15 EDTCCitigroup and Argentina's appeal on bond case dismissed, Reuters says
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September 19, 2014
11:14 EDTCSumitomo Mitsui, Mitsubishi UFJ on short list for Citigroup unit, WSJ reports
Sumitomo Mitsui Financial Group (SMFG), Sumitomo Mitsui Trust Holding, Mitsubishi UFJ Financial (MTU) and Shinsei Bank have been shortlisted by Citigroup (C) as buyers for the U.S. bank's retail bank in Japan, the Wall Street Journal reports, citing sources. Citi could pick a buyer for the unit by the end of the year or early next year. Citigroup could sell its Diners Club branded credit card unit in Japan along with the retail bank, a source says. Reference Link
09:37 EDTCActive equity options trading on open
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07:17 EDTCCitigroup up against hard situation in Argentina bond plea, Reuters says
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September 18, 2014
14:08 EDTC, WFCBanks look to high-interest personal loans to boost revenue, WSJ says
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