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Stock Market & Financial Investment News

News Breaks
March 16, 2012
16:21 EDTPWRD, C, OGXI, WFC, RIG, DSCO, FROOn 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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December 9, 2014
11:24 EDTRIGStocks with call strike movement; RIG GPRO
Transocean (RIG) May 22 call option implied volatility decreased 2% to 63, GoPro (GPRO) April 77.5 call option implied volatility decreased 5% to 58 according to IVolatility.
11:08 EDTCCitigroup falls, levels to watch
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10:51 EDTCCitigroup sees incurring legal, related charges of approx. $2.7B in Q4
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10:39 EDTCCitigroup expects to see heightened periods of volatility
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10:27 EDTCCitigroup CEO says big things that remain are ForEx, Libor and AMC and process
10:27 EDTCCitigroup says leverage ratio is not binding constraint for company
10:13 EDTCCitigroup CEO sees $2.7B charges in Q4 to address legal reserve charges
CEO Michael Corbat said that after taking the charges in Q4, the company will be "marginally profitable." Comments taken from Goldman Sachs Financial Services conference.
10:10 EDTCCitigroup to take $3.5B in additional charges in Q4, CNBC reports
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09:38 EDTCActive equity options trading
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08:24 EDTCCitigroup to sell Japanese consumer unit to Sumitomo Mitsui, Bloomberg says
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05:59 EDTCCitigroup appointed successor depositary bank for Deutsche Post ADR program
Citi (C), acting through Citibank N.A., has been appointed by Deutsche Post AG (DPSGY) as successor depositary bank for its Level 1 American Depositary Receipt, or ADR, program. Deutsche Post DHL’s ADR program trades in the U.S. over the counter market, with each ordinary share equivalent to 1 ADR.
December 8, 2014
16:55 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
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16:00 EDTCOptions Update; December 8, 2014
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15:40 EDTCLone Star joins Springleaf as bidder for Citigroup OneMain unit, Bloomberg says
15:26 EDTWFCDeutsche Bank sued by U.S. over alleged scheme to avoid income taxes
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11:31 EDTRIGStocks with call strike movement; RIG GPRO
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10:00 EDTWFCOn The Fly: Analyst Downgrade Summary
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07:52 EDTWFCWells Fargo downgraded to Market Perform from Outperform at Bernstein
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06:35 EDTC, WFCValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:21 EDTCDeadline for Petsmart bidders extended as lenders put on leash, NY Post reports
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