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Stock Market & Financial Investment News

News Breaks
March 8, 2013
11:07 EDTNVAX, TEF, STI, P, SKULHigh option volume stocks: TEF SKUL STI NVAX P
News For TEF;SKUL;STI;NVAX;P From The Last 14 Days
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February 4, 2016
06:51 EDTSTIBofA doesn't deserve to be in 'stock market doghouse,' WSJ says
Bank of America (BAC) is currently in the "stock market doghouse," but doesn't deserve to be, David Reilly of the Wall Street Journal's Ahead of the Tape says. The overall beating of U.S. bank stocks has come amid the greater market selloff, reflecting the fact that slowing growth has brought doubt on the Fed's ability to raise rates in March, Reilly says. Since a rate increase is a far-off prospect, investors have little reason to own bank stocks, though Bank of America's valuation assumes "too dire an outcome," the report says. Banks with international outreach, such as Citi (C), are still arguably further behind in post-crisis cleanup, but Bank of America is more focused on the domestic U.S. economy and prices a U.S. recession as a given, not a possibility, the report says. Other large U.S. banks include Wells Fargo (WFC), JPMorgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), PNC Financial (PNC), and SunTrust (STI). Reference Link
January 31, 2016
12:33 EDTSTIU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link
January 29, 2016
06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
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06:31 EDTTEFTelefonica to take $3.2B hit for early retirement plan, Bloomberg says
Telefonica plans to offer employees early retirement in a plan that will cost $3.2B upfront while saving money over the long-term in an effort to reduce debt, Bloomberg reports. The Spanish telephone company will open the plan right away to certain employees and will report the $3.2B charge as part of its Q4 results next month, the report says, citing a regulatory filing. The move is expected to save an average of EUR370M annually beginning in the second year of the plan, the report says. Reference Link
January 28, 2016
09:02 EDTPPandora launches Browse
Pandora launched Browse, a new way to help users discover even more music. "Finding new music should be a simple and enjoyable experience," said Chris Phillips, chief product officer of Pandora. "Our musicologists have scored millions of songs to find the perfect music just for you. The new Browse feature makes it easy to find the music you love whether you know what you want, or need a little help discovering music you didn't know existed." The service includes fresh station recommendations, music metrics, and the ability see what's spinning on a station before adding it to station list.
January 25, 2016
07:04 EDTNVAXNovavax to offer $200M in covertible senior notes due 2023
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