New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
October 12, 2012
14:25 EDTCMI, S, WFC, JPMMarket set to end week lower as IMF, World Bank forecasts weigh on shares
Stocks are set to end the week lower after the IMF reduced its forecast for 2012 global growth and the World Bank cut its estimate for 2012 Asian economic growth. MACRO NEWS: The IMF on Tuesday lowered its forecast for economic growth this year to 3.3% from 3.5%, while the World Bank on Monday reduced its outlook for 2012 Asian growth to 7.2% from 7.6%... On the other hand, some positive U.S. economic data was released, as the government reported that jobless claims had reached a four and a half year low last week, and an index of consumer confidence reached its highest level in almost five years... The euro zone also released relatively upbeat economic data, as the bloc said that its industrial production rose 0.6% month-over-month in August, versus the consensus estimate of a 0.4% decline. COMPANY NEWS: Sprint (S) said that it was in talks that could result in Japanese telecom company Softbank obtaining a majority stake in the American company. Softbank could buy over two-thirds of the Sprint for $12.8B, Reuters had reported earlier... In the financial sector JPMorgan (JPM) and Wells Fargo (WFC) both reported higher than expected EPS, although Wells' revenue came in below expectations... On a negative note, engine-maker Cummins (CMI) reduced its full year revenue and EBIT guidance.
News For S;JPM;WFC;CMI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
January 26, 2015
06:31 EDTSCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevisionís Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
January 25, 2015
17:30 EDTJPMDelta Air Lines, Ford, four others could shine this year, Barron's says
Delta Air Lines (DAL), Ford (F), Discover (DFS), JPMorgan Chase (JPM), Lam Research (LRCX), and Micron Technology (MU) could all provide growth at a reasonable price this year, Barron's contends in a feature article. Reference Link
January 23, 2015
09:04 EDTSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
Subscribe for More Information
07:23 EDTJPM, WFCBass does not expect large U.S. banks to break up
Publicly traded companies in the space include Bank of America (BAC), Citi (C), JPMorgan (JPM), and Wells Fargo (WFC). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:42 EDTWFC, JPMU.S. banks preparing for prolonged low bond yields, Reuters says
Subscribe for More Information
January 22, 2015
19:40 EDTSGoogle's entrance into telecommunications may not be beneficial, Re/code says
Subscribe for More Information
16:22 EDTJPMJPMorgan CEO Dimon gets stock-based compensation of 198.5K shares for 2014
Subscribe for More Information
14:36 EDTJPM, WFCCFPB fines Wells Fargo, JPMorgan for kickback scheme
Subscribe for More Information
06:26 EDTJPMJPMorgan CEO expected to receive $20M pay package for 2014, WSJ reports
Subscribe for More Information
January 21, 2015
16:28 EDTSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobileís (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
13:54 EDTJPMJPMorgan could lose $1.5B as a result of 2008 error, Reuters says
Subscribe for More Information
January 20, 2015
06:58 EDTJPMBlackRock, Fidelity close to launching 'dark pool,' WSJ reports
Some of the largest mutual fund firms, including Fidelity, BlackRock (BLK), Bank of New York Mellon (BK),, T. Row Price (TROW) and JP Morgan (JPM) are among the firms that are close to launching a new "dark pool," The Wall Street Journal reports, citing sources. The effort, which involves nine firms in total, would look to shut out sell-side trading desks and high-speed trading firms. Reference Link
06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 16, 2015
16:36 EDTWFC, JPMMarket finishes week lower on continued oil, global growth worries
Subscribe for More Information
11:42 EDTSSprint announces expansion of Sprint Lease program
Subscribe for More Information
10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
Subscribe for More Information
January 15, 2015
15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
Subscribe for More Information
07:49 EDTJPMJPMorgan valuation attractive, says Argus
Subscribe for More Information
06:25 EDTJPMJPMorgan, Citi fire or suspend Forex employees after Justice Dept probe, WSJ say
Subscribe for More Information
06:21 EDTJPMJPMorgan reports December credit losses 2.56% vs. 2.61% last month
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use