News Breaks |
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| January 7, 2013 |
| 06:09 EDT |  | JPM, SCHW, CLWR, BAC | Junk bonds may be ready to cool off, WSJ reports
Junk bonds started the new year on fire, the same way the ended last year. In three trading days this year, bonds of low-rated companies delivered returns of almost three-quarters of a percent, even as most other types of bonds lost value. But the rapid action is making fund managers and analysts wary, reports the Wall Street Journal. That's because prices are so high, averaging over 105 cents on the dollar, that there's little room for them to climb much further, some investors say. "It's probably the tail-end of this run," says Kathy Jones, a fixed-income strategist at Charles Schwab (SCHW). Reference Link |
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News For SCHW;BAC;CLWR;JPM From The Last 14 Days Check below for free stories on SCHW;BAC;CLWR;JPM the last two weeks. |
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| May 21, 2013 |
| 10:24 EDT |  | CLWR | Sprint, Clearwire deal likely gets done, says Wells Fargo
Wells Fargo believes Sprint's (S) raised offer for Clearwire (CLWR) is likely enough to get the deal approved by shareholders. Wells has an Outperform rating on Sprint and Market Perform rating on Clearwire. |
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| 09:48 EDT |  | CLWR | Clearwire resumes trading, up 3.7% to $3.38
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| 09:32 EDT | | CLWR | Clearwire to resume trading at 9:45 am ET
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| 09:23 EDT | | CLWR | Clearwire receives increase offer from Sprint
Clearwire (CLWR) confirmed that it has received a revised offer from Sprint (S) to acquire the approximately 50% stake in the company it does not currently own for $3.40 per share. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Special Committee of the Clearwire board will review this revised proposal from Sprint. |
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| 09:22 EDT | | CLWR | Clearwire receives increase offer from Sprint
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| 09:03 EDT | | CLWR | Sprint increases offer for Clearwire to $3.40 per share from $2.97
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| 09:03 EDT | | JPM | JPMorgan CEO looks set to hold onto chairman role, NY Times reports
Preliminary votes indicate JPMorgan CEO Jamie Dimon will hold onto his title of chairman, New York Times reports, citing people who have seen today's shareholder vote results. Reference Link |
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| 09:01 EDT | | CLWR | Sprint increases offer for Clearwire to $3.40 per share
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| 08:57 EDT | | CLWR | Sprint to raise bid for Clearwire above $2.97 prior offer, DJ says
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| 08:55 EDT | | CLWR | Clearwire trading halted, pending news
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| 07:32 EDT | | JPM | JPMorgan's Mowat likes India among emerging market stocks, Economic Times says
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| 07:13 EDT | | JPM, BAC | U.S. bank mergers less likely this year, Bloomberg reports
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| 07:11 EDT | | JPM | JPMorgan board changes expected, WSJ reports
JPMorgan Chase plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, reports the Wall Street Journal.Reference Link |
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| 06:10 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. |
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| 06:08 EDT | | JPM | Surging equity sales in Poland attract investment firms, Bloomberg reports
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| 06:03 EDT | | CLWR | Clearwire to postpone today's vote on Sprint deal, NY Post reports
Clearwire (CLWR) will postpone today's shareholder vote on Sprint's (S) $2.97 per share takeover offer, New York Post reports. Reference Link |
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| May 20, 2013 |
| 11:37 EDT | | JPM | Calpers votes to separate Dimon's dual roles at JPMorgan, Bloomberg reports
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| 10:55 EDT | | CLWR | Crest asks Clearwire holders to wait until control of Sprint resolved for action
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| 10:11 EDT |  | SCHW, BAC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. |
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| 08:30 EDT | | JPM | JPMorgan: Earnings drag for major emerging stock markets, Bloomberg reports
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