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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:07 EDTMA, KKR, V, BAC, TGTTarget's payment partners could face fines over data breach, Reuters reports
The companies that help Target Corp. process payments may face millions in fines and costs as a result of the major data breach that struck the retailer over the holiday shopping season, reports Reuters. A review of past data breaches has led some to believe that Target's partners could face consumer lawsuits and fines that payment networks such as Visa (V) and MasterCard (MA) often levy after cyber security incidents.Reference Link
News For TGT;V;MA;BAC;KKR From The Last 14 Days
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November 12, 2014
08:06 EDTVPacific Crest to hold a conference
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07:37 EDTTGTTarget shares overvalued, says MKM Partners
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07:28 EDTV, BACBofA/Merrill to hold a conference
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05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
Stocks with implied volatility below IV index mean; Priceline (PCLN) 20, Visa (V) 18 according to iVolatility.
05:55 EDTKKRKKR, CITIC Limited jointly invest in United Envirotech
CITIC Limited and KKR jointly announce the formation of a consortium through related entities, CITIC Environment Protection Co. Ltd. and KKR China Water Investment Holdings Limited respectively, to make a pre-conditional voluntary offer, or VGO, for all the shares in United Envirotech, or UEL. The transaction allows CITIC to become the controlling shareholder of UEL through the holding of a majority interest in the consortium. This will be achieved by the consortium through the VGO subject to conditions being met, to acquire existing shares in UEL from the existing shareholders including KKR. In addition, after the VGO, the consortium will subscribe for further shares in UEL by way of a private placement totalling SGD50M, SGD100M or SGD150M which will provide additional capital to UEL. The offer price values UEL at approximately SGD1.9B on fully diluted basis. The consortium intends to maintain the listing status of UEL post transaction.
November 11, 2014
16:24 EDTMAMasterCard initiated with a Hold at Topeka
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16:23 EDTVVisa initiated with a Hold at Topeka
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11:56 EDTBACAmerican Commercial weighs sale with value of over $1B, Financial Times says
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06:59 EDTBACBank of America's head of FICC trading to retire by year-end, WSJ reports
Bank of America's head of global fixed income, currencies and commodities trading trading, David Sobotka, will retire by year-end, the Wall Street Journal reports, citing an internal memo sent to employees. Sobotka is planning to take some time off before deciding on his next steps. Sources say BofA will name Sobotka's replacement by the end of the year. Reference Link
05:58 EDTVStocks with implied volatility below IV index mean; PCLN V
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November 10, 2014
15:54 EDTMA, VVisa, MasterCard could be hurt by new Canadian credit card rules, WSJ says
Canada is preparing to announce broad changes to its code of conduct for the credit- and debit-card industry, which could make it the first country to give merchants the right to reject mobile payments through Visa (V) and MasterCard (MA) even if the merchants accept their physical cards, said The Wall Street Journal, citing a draft copy of rules that could be announced this week. Reference Link
15:17 EDTVCFPB may require added disclosures on prepaid cards, WSJ says
The Consumer Financial Protection Bureau is expected to propose new rules later this week that will require more disclosure for prepaid debit cards and cracking down on allowing consumers to spend more money on the cards than they have, according to The Wall Street Journal, citing people familiar with the matter. The rules come as traditional financial institutions, such as JPMorgan (JPM) and American Express (AXP) have moved into the business and the industryís biggest players donít allow overdrafts so it is unclear whether the new rules will dent industry profits, the report said. Green Dot (GDOT) also does not permit overdrafts and Visa (V) recently excluded overdraft abilities in guidelines for its prepaid cards, the report added. Reference Link
10:04 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:40 EDTKKRKKR readies to sell more Samson assets, Reuters reports
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08:08 EDTTGTTarget upgraded at Stifel
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07:12 EDTVCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
06:53 EDTBACBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTBACRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
05:54 EDTTGTTarget upgraded to Buy from Hold at Stifel
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November 9, 2014
13:00 EDTBACBofA looks for additional SEC sanctions to be waved, Bloomberg says
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