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News Breaks | | | | February 27, 2013 | | 06:07 EDT |  | TOL, BAC, C, DB, GS, ELN, DHI, PHM, LEN, JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Fed Chairman Bernanke came down firmly in favor of continuing the central bank's bond-buying programs, even as he acknowledged concerns that the efforts might encourage risk-taking that could one day destabilize markets or the economy, the Wall Street Journal reports...Sales of new homes are surging in the U.S., and the trend partly reflects the small inventory of previously owned homes, now at a 13-year low after investors picked over the long-depressed market. But the strong sales of new homes also show how the nation's home builders (TOL, LEN, PHM, DHI) have mastered the art of selling, even to cash-poor buyers or those with spotty credit histories, the Wall Street Journal reports...REUTERS: Investment firm Royalty Pharma doesn’t want to take "no" for an answer to its $6.6B offer for Irish drugmaker Elan Corp. (ELN), and plans to spend the next few weeks calling Elan shareholders about its February 18 offer, sources say, Reuters reports...The European parliament and EU states could agree today to impose caps on bankers' bonuses, a measure that would channel public fury at financial sector greed, but which opponents say marks a reckless overreach into private pay deals, Reuters reports...BLOOMBERG: Wall Street junk-bond underwriters (GS, JPM, DB, C, BAC) selling debt at a record pace after the securities returned 19% last year, say it’s obvious that prices will drop when interest rates rise. So don’t blame the banks, Bloomberg reports...JPMorgan Chase (JPM) CEO Jamie Dimon said banks are accumulating more capital than they need as regulators push lenders to build equity. Dimon has said excessive regulation could impede growth as international authorities and the Fed push banks to guard capital to better withstand another financial crisis, Bloomberg reports. | |
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News For TOL;LEN;PHM;DHI;ELN;GS;DB;C;BAC;JPM From The Last 14 Days Check below for free stories on TOL;LEN;PHM;DHI;ELN;GS;DB;C;BAC;JPM the last two weeks. |
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| June 19, 2013 | | 19:28 EDT |  | GS | Ebix, Goldman Sachs affiliate terminate merger agreement
Ebix (EBIX) announced that it and an affiliate of Goldman Sachs (GS) have agreed to terminate their previously announced merger agreement. The merger agreement, announced on May 1, had provided for Ebix to be acquired by an affiliate of Goldman Sachs. The decision to terminate the merger agreement was the result of a letter received by Ebix on June 14 from the U.S. Attorney for the Northern District of Georgia that it had opened an investigation into allegations of intentional misconduct that had been brought to its attention from the pending shareholder class action lawsuits against the company's directors and officers, the media and other sources. The merger agreement is being terminated without payment of a termination fee by either party and each party and certain significant shareholders of Ebix and each of their respective affiliates have agreed to release each other from all claims arising under or related to the terminated merger agreement and related transaction agreements. Ebix's board of directors announced that it intends to continue to evaluate strategic options for the company. | | | 16:01 EDT |  | C | Options Update; June 19, 2013
 Subscribe for More Information | | | 15:05 EDT | | C, GS, BAC, JPM | Bernanke says largest banks at or near compliant to Basel III rules
| | | 14:10 EDT | | ELN | Forest Labs interested in bidding for Elan, Reuters reports
Subscribe for More Information | | | 13:46 EDT | | ELN | Forest Labs to make bid for Elan, Reuters reports
Subscribe for More Information | | | 12:03 EDT | | ELN | Options with decreasing implied volatility: NBG ELN HRB PVH TIBX AGNC
Subscribe for More Information | | | 10:01 EDT |  | TOL | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:38 EDT | | C | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU | | | 07:31 EDT | | TOL | Toll Brothers upgraded to Buy from Hold at Argus
Subscribe for More Information | | | June 18, 2013 | | 16:00 EDT | | C | Options Update; June 18, 2013
Subscribe for More Information | | | | 08:52 EDT | | ELN | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:36 EDT |  | ELN | Elan shares could be worh $19 in a buyout, says Jefferies
Jefferies raised its price target for shares of Elan (ELN) to $19 from $14, reflecting what it sees as the value of the company in a takeout scenario. The firm says Elan management suggested they would be open to sale in the $15-$20 per share range. Jefferies believes a high taxpaying suitor could pay the upper end of that range, and lists Allergan (AGN), Regeneron (REGN), Vertex (VRTX), Alexion (ALXN), Zoetis (ZTS), Mylan (MYL) and Perrigo (PRGO) as potential acquirers for Elan. Shares of Elan are up 13c to $13.62 in pre-market trading after Royalty Pharma announced that its buyout proposal for the company has expired. | | | 07:29 EDT |  | C, BAC, GS | Securities Industry and Financial Markets Association to host a conference
Subscribe for More Information | | | 06:46 EDT | | ELN | Royalty Pharma announces withdrawal of judicial review, lapse of offer
Royalty Pharma announced today that it had withdrawn its request for a judicial review of the Irish Takeover Panel's decision requiring it to lapse its offer for Elan if, among other things, Elan shareholders approved the Share Repurchase Program. As a result, Royalty Pharma's offer has now lapsed. Accordingly, no Further Revised Acceptance Documents should be executed and delivered and any Acceptance Documents in respect of the Offer, the Increased Offer and Further Increased Offer are now of no legal effect. | | | 06:08 EDT | | ELN | Court designates lead plaintiff in shareholder suit against SAC, Reuters reports
Subscribe for More Information | | | 05:39 EDT | | ELN | Elan advises holders to withdraw acceptances of Royalty Pharma Offer
Subscribe for More Information | | | June 17, 2013 | | 16:00 EDT | | C | Options Update; June 17, 2013
Subscribe for More Information | | | 14:27 EDT | | C | Citigroup May net charge-offs 3.00% vs. 3.11% last month
Subscribe for More Information | | | 14:20 EDT | | C | Criminal charges likely in Libor case, WSJ reports
Subscribe for More Information | | | 10:40 EDT | | ELN | Royalty says Elan holders can execute documents amid proceedings
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