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Stock Market & Financial Investment News

News Breaks
February 26, 2013
10:32 EDTV, JPMVisa, JPMorgan sign LOI for new and expanded partnership agreement
Visa (V) and JPMorgan Chase & Co. (JPM) announced that the companies have agreed to a letter of intent for a new and expanded 10-year renewable partnership agreement. Under terms of the planned deal, JPMorgan Chase will launch Chase Merchant Services, a payments platform powered by Visa that JPMorgan Chase will use to create more differentiated experiences for its merchants and cardholders. The platform will process transactions initiated with JPMorgan Chase-issued Visa cards at merchants that JPMorgan Chase enrolls in Chase Merchant Services. As part of the agreement, JPMorgan Chase also will shift additional credit and debit card volume to Visa, driving more transactions on the Visa network.
News For V;JPM From The Last 14 Days
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May 8, 2013
10:20 EDTJPMJPMorgan chooses Bisso to run North America investment office, Bloomberg says
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09:45 EDTJPMJPMorgan named Erik Bisso as CIO for North America, Bloomberg reports
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May 7, 2013
10:56 EDTJPMSecond firm recommends JPMorgan split CEO, Chairman roles, FT reports
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10:43 EDTVSmartMetric claims $13.4B in patent infringement suit brought against Visa, MasterCard
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10:28 EDTJPMJPMorgan may cut commodity trader jobs in London, Dubai, Bloomberg says
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07:31 EDTVSusquehanna to host a conference
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07:10 EDTJPMThree major JPMorgan shareholders undecided on Dimon's roles, WSJ reports
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06:07 EDTJPMOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.
06:01 EDTJPMAntero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link
05:50 EDTJPMMortgage lenders ease standards for 'prime' borrowers, WSJ reports
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05:45 EDTVVisa looks abroad for growth, WSJ reports
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May 6, 2013
06:07 EDTJPMWarren Buffett says JPMorgan has the 'right CEO'
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