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December 9, 2013
06:17 EDTPUBGY, AAMRQ, WPPGY, EADSY, IPG, TROW, LCCOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest investors (TROW) are changing the way they trade in U.S. markets in response to what they say are rising risks for institutions of their size, including conducting more "upstairs trades," in which deals are executed among big institutions, bypassing the broader market, the Wall Street Journal reports...Major advertising companies (WPPGY, PUBGY, IPG) predict faster growth in ad spending in 2014 than this year, although concerns about the U.S. and European economies weigh on some of their projections, the Wall Street Journal reports...REUTERS: U.S. Supreme Court Justice Ruth Bader Ginsburg on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American AIrlines (AAMRQ) and US Airways (LCC), Reuters reports...European aerospace company EADS (EADSY) plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring program it will detail later today, according to Le Figaro newspaper, Reuters reports...BLOOMBERG: Dealer revenue from negotiating interest-rate swap transactions is poised to drop about 45% as new rules boost trading costs, pressures that may prompt banks to participate less in the $633T over-the-counter derivatives market, Tabb Group LLC estimates, Bloomberg reports...American mutual funds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation the regionís rally is just beginning as the U.S. bull market ages. While investors speculate the Fed will cut stimulus in March, they are betting the European Central Bank will keep economic measures for longer, Bloomberg reports.
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April 24, 2014
08:17 EDTTROWT. Rowe Price CEO: Economic growth in U.S. is stable and sustainable
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07:42 EDTTROWT. Rowe Price reports Q1 EPS $1.12, consensus $1.03
Reports Q1 revenue $954.6M, consensus $948.36M
06:23 EDTPUBGYPublicis sees U.K. tax approval in Omnicom deal, WSJ reports
Publicis (PUBGY) says it is confident that the proposed new company will receive approval to have its fiscal residence in the U.K., the Wall Street Journal reports. The company also notes that the proposed $35B merger with Omnicom (OMC) requires French tax approval. Reference Link
April 23, 2014
10:16 EDTTROWHigh option volume stocks: R TROW PG FTI UNIS
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April 22, 2014
10:37 EDTIPGTime Warner says Joseph Ripp will become chairman of Time Inc
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06:57 EDTIPGInterpublic Group reports Q1 EPS (5c), consensus (8c)
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April 15, 2014
07:28 EDTTROWSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 11, 2014
10:35 EDTIPGHigh option volume stocks: HZNP NI IPG CYTR SNV NBR
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09:14 EDTAAMRQCRT Capital's analyst holds an analyst/industry conference call
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08:22 EDTEADSYAerCap completes 29 aircraft transactions in Q1
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April 10, 2014
13:43 EDTTROWFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link

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