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News For V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI From The Last 14 Days Check below for free stories on V;MA;AXP;ACN;XRX;PAY;DFS;VNTV;IFX;WMT;BAC;WFC;TI the last two weeks. |
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| May 22, 2013 | | 15:57 EDT |  | TI | Telecom Italia values fixed-line assets at $18B, Bloomberg says
 Subscribe for More Information | | | 15:08 EDT |  | TI | Telecom Italia board to meet on spin-off, values fixed-line assets at $18B
Subscribe for More Information | | | 09:27 EDT |  | VNTV | Vantiv management to meet with Deutsche Bank
Subscribe for More Information | | | 09:02 EDT |  | BAC, WFC | Financials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list. | | | 07:22 EDT | | BAC | Dun & Bradstreet to hold a conference
2013 Access to Capital is being held in Chicago on May 22. | | | 07:21 EDT | | ACN | MIT Sloan Alumni Club of Boston to hold a symposium
Subscribe for More Information | | | 06:18 EDT | | TI | Telecom Italia may spin off mobile unit, fixed-line network, Reuters reports
Subscribe for More Information | | | May 21, 2013 | | 14:50 EDT | | V, MA, WMT | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | 14:09 EDT |  | WMT | Waste Management volatility low as shares rally to record high
Waste Management overall option implied volatility of 15 is below its 26-week average of 17 according to Track Data, suggesting decreasing price risk. | | | 09:07 EDT | | VNTV | Vantiv management to meet with Deutsche Bank
Subscribe for More Information | | | | 07:32 EDT | | WMT | CTIA–The Wireless Association to host a conference
Subscribe for More Information | | | 07:26 EDT | | WFC | Barclays to host a conference
Subscribe for More Information | | | 07:21 EDT | | XRX | BofA/Merrill to host a conference
2013 Services One-on-One Conference is being held in New York on May 21-22. | | | 07:13 EDT | | BAC, WFC | U.S. bank mergers less likely this year, Bloomberg reports
Subscribe for More Information | | | May 20, 2013 | | 16:22 EDT |  | ACN | On The Fly: Closing Wrap
Subscribe for More Information | | | 13:06 EDT | | ACN | On The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday as the Dow and S&P seek to continue their march higher after closing last week at record levels. ECONOMIC EVENTS: In the U.S., the light domestic economic calendar included the Chicago Fed National Activity index, which slipped to -0.53 for April from its prior reading of -0.23. In Asia, the Hang Seng and Shanghai Composite both climbed after Chinese home prices were reported to have risen in April. COMPANY NEWS: Yahoo (YHOO) confirmed it is buying social media platform Tumblr for $1.1B, as widely reported over the weekend, and promised "not to screw it up" in its press release to announce the deal... Actavis (ACT) agreed to acquire Warner Chilcott (WCRX) in a stock-for-stock transaction valued at approximately $8.5B. The deal, which was approved by the boards of both companies, equates to a value of $20.08 per Warner Chilcott share based on Actavis' closing share price on Friday, the companies said. MAJOR MOVERS: Among the notable gainers were some other companies with M&A news: Acquity Group (AQ) shares more than doubled after Accenture (ACN) agreed to buy the company for $13.00 per American Depositary Share, and Pactera Technology (PACT) gained 31% after receiving a non-binding proposal from a Blackstone (BX) affiliate to be taken private for $7.50 per ADS. Among the noteworthy losers was XenoPort (XNPT), which fell 11% after one of its drugs failed in a Phase III trial for multiple sclerosis spasticity. Also lower were shares of Red Hat (RHT), which slid 4% following a downgrade to Market Perform at BMO Capital. INDICES: Near 1 pm ET, the Dow was up 13.67, or 0.09%, to 15,368.07; the Nasdaq was up 1.13, or 0.03%, to 3,500.10; and the S&P 500 was up 2.18, or 0.13%, to 1,669.65. | | | 11:49 EDT | | WFC | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
Subscribe for More Information | | | 10:11 EDT |  | BAC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | 10:11 EDT |  | ACN | On The Fly: Analyst Upgrade Summary
Subscribe for More Information | | | 09:58 EDT | | AXP | American Express management to meet with Buckingham
Subscribe for More Information | | | | 09:26 EDT | | ACN | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:31 EDT | | WMT | Retailers can open warehouses in India areas against FDI, Economic Times says
Subscribe for More Information | | | 06:12 EDT | | ACN | Accenture upgraded to Buy from Neutral at Goldman
Subscribe for More Information | | | 05:39 EDT | | BAC | Bank of America downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded Bank of America with a $13.50 price target citing valuation. | | | May 17, 2013 | | 16:34 EDT | | ACN | Accenture acquires Acquity Group for $316M
Subscribe for More Information | | | 16:32 EDT | | ACN | Accenture acquires Acquity Group for $316M
Subscribe for More Information | | | 16:00 EDT | | BAC | Options Update; May 17, 2013
Subscribe for More Information | | | 10:20 EDT |  | BAC | Bank of America rises, levels to watch
Subscribe for More Information | | | 07:48 EDT | | WMT | Wal-Mart valuation profile seems sustainable, says RW Baird
Subscribe for More Information | | | May 16, 2013 | | 16:29 EDT | | WMT | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | | 14:01 EDT | | WMT | Options Update; May 16, 2013
Subscribe for More Information | | | 13:16 EDT | | WMT | Wal-Mart warns on email phishing scam
Subscribe for More Information | | | 12:24 EDT | | WMT | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 10:02 EDT | | WMT | Target losing traffic, says Buckingham
Buckingham said Target (TGT) is significantly under performing Wal-Mart (WMT) and that its less promotional marketing and consumer offerings are losing traffic. Shares are Neutral rated with a $65 price target. | | | 09:27 EDT | | WMT | Wal-Mart slips after results and guidance, levels to watch
Subscribe for More Information | | | 09:19 EDT | | WMT | On The Fly: Pre-market Movers
Subscribe for More Information | | | 08:33 EDT | | WFC | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. | | | 08:11 EDT | | DFS | Discover network business remains undervalued, says Susquehanna
Susquehanna believes Discover's network business is still undervalued calling a hidden asset. The firm expects the company's multiple to expand as the network surfaces on the PayPal and other partnerships. Shares are Positive rated with a $49 price target. | | | 07:54 EDT | | WMT | Wal-Mart sees opening 60-65 new Walmart U.S. units in Q2
Says added 38 new Walmart units and converted 8 units to supercenters in U.S. in Q1. Planning to open between 60-65 new Walmart units, including new stores, expansions and relocations, in U.S. in Q2. Plans to open 15-20 new and relocated Sam's Clubs during the year, the majority of which are scheduled for Q3 and Q4. Says total company added over 5M square feet of retail space in Q1. Comments from Q1 earnings conference call. | | | 07:42 EDT | | WMT | Wal-Mart CEO says had 'more difficult quarter than expected'
Wal-Mart CEO Mike Duke said on the company's Q1 earnings conference call, "Frankly, we had a more difficult quarter than expected when we announced our guidance in February. It’s important to note that Walmart U.S. continued to gain market share across several key categories. Sales were pressured primarily by delayed tax refunds, which caused customers to put off discretionary purchases. And though no one likes to talk about weather, it was a real factor across the United States...I share [Bill Simon's] optimism about the remainder of the year and believe the underlying strength of the Walmart U.S. business will deliver positive comps next quarter." | | | | 07:29 EDT | | WMT | Futures higher ahead of economic data
Subscribe for More Information | | | 07:18 EDT | | BAC | Investors bet on banks hit by credit crisis, Bloomberg reports
Subscribe for More Information | | | 07:12 EDT | | WMT | Wal-Mart says Q2 off to 'good start, with positive comps'
Subscribe for More Information | | | 07:11 EDT | | WMT | Wal-Mart says Q1 U.S. comp traffic down 1.8%, average ticket up 0.4%
The company reported Q1 U.S. comparable store sales ex-fuel down 1.4% for Walmart U.S., up 0.2% for Sam's Club. The company said, "During the 13-week period, the Walmart U.S. comp was negatively impacted by a delay in tax refund checks, challenging weather conditions, less grocery inflation than expected and the payroll tax increase. Comp traffic was down 1.8%, while average ticket increased 0.4%. Despite comps being lower than expected, we continued to generate market share gains. According to The Nielsen Company, we gained 20 basis points of market share in the measured category of 'food, consumables and health & wellness/OTC' during the 13-weeks ended Apr. 27, 2013." | | | 07:07 EDT |  | WMT | Wal-Mart reports Q1 EPS 1.14, consensus $1.15
Subscribe for More Information | | | 07:04 EDT | | WMT | Wal-Mart sees Q2 EPS $1.22-$1.27, consensus $1.29
Walmart U.S. and Sam's Club, excluding fuel, expect to increase comps for the Q2 13-week period to between flat and 2 percent and 1 and 3 percent, respectively. Q2 revenue consensus $119.73B. | | | 06:41 EDT | | BAC, WFC | Big banks to benefit from U.S. concession on derivatives, NY Times says
Subscribe for More Information | | | 06:29 EDT |  | VNTV | Vantiv re-initiated with an Outperform at Credit Suisse
Subscribe for More Information | | | May 15, 2013 | | 17:53 EDT | | WFC | Wells Fargo confirms reinstatement of $203M judgment in overdraft case
Subscribe for More Information | | | 17:46 EDT | | V | SAC Capital gives quarterly update on stakes
NEW STAKES: Discovery (DISCA), Liberty Global (LBTYA), Liberty Media (LMCA), Norwegian Cruise Line (NCLH), and Cubist (CBST). INCREASED STAKES: Suncor (SU), EQT Corporation (EQT), Amazon.com (AMZN), Visa (V), and GNC Holdings (GNC). DECREASED STAKES: News Corp. (NWSA), Facebook (FB), Sherwin-Williams (SHW), and Avago (AVGO). LIQUIDATED STAKES: Coach (COH), Dover (DOV), and Virgin Media (VMED), . | | | | 17:09 EDT | | XRX | Greenlight gives quarterly update on stakes
NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). | | | 16:55 EDT | | WMT, WFC | Berkshire Hathaway gives quarterly update on stakes
Subscribe for More Information | | | 15:45 EDT | | WFC | Judge orders Wells Fargo to pay $203M to settle overdraft case, Retuers says
Subscribe for More Information | | | 15:11 EDT | | WMT | Notable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.15; Kohl's (KSS), consensus 58c; Flowers Foods (FLO), consensus 42c; Brady Corp. (BRC), consensus 60c; Prestige Brands (PBH), consensus 35c. | | | 14:48 EDT | | WMT | Wal-Mart May 80 straddle priced for 2.6% move into Q1
| | | 12:05 EDT | | AXP | American Express reports April net write-off rate 2.1% vs. 2.0% last month
Subscribe for More Information | | | 11:03 EDT | | ACN | Accenture volatility low, shares near record high
Subscribe for More Information | | | 10:13 EDT | | BAC | Bank of America reports April card write-offs 4.55% vs. 4.33% last month
Subscribe for More Information | | | 08:00 EDT | | WMT | Wal-Mart price target raised to $88 from $78 at RW Baird
Subscribe for More Information | | | 07:25 EDT | | DFS | Discover reports April net charge-offs 1.94% vs. 2.13% last month
Subscribe for More Information | | | | 07:09 EDT | | WMT | Wal-Mart May volatility elevated into Q1 and revenue outlook
Wal-Mart May call option implied volatility is at 39, June is at 15, July and September is at 14; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 16. | | | May 14, 2013 | | 18:45 EDT | | WMT | Wal-Mart says won't sign Bangladesh factory proposal, Bloomberg reports
Wal-Mart says its plan will produce quicker results, according to Bloomberg. | | | 16:02 EDT | | WMT | Wal-Mart to raise inspection standards, transparency on Bangladesh factories
Subscribe for More Information | | | 16:01 EDT | | WMT | Wal-Mart to raise inspection standards on Bangladesh factories
Subscribe for More Information | | | 11:30 EDT | | WMT | Analysts differ on Wal-Mart sales trends in March, April
Subscribe for More Information | | | 10:53 EDT | | BAC | Bank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01. | | | 09:17 EDT | | V | Visa prepared to enter China, China Daily reports
Subscribe for More Information | | | 08:44 EDT | | BAC | Bank of America management to meet with Deutsche Bank
Subscribe for More Information | | | 08:33 EDT | | WFC, BAC | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link | | | 08:06 EDT | | WMT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | | 06:44 EDT | | V, MA | Visa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link | | | 06:32 EDT | | WMT | Wal-Mart sales improved in March and April, says Jefferies
Jefferies said its research suggests that after a challenging start to the quarter, Wal-Mart's sales improved in March and April. The firm believes Wal-Mart shares will hold current levels or move higher should management confirm its research when reporting Q1 results. Jefferies keeps a Buy rating on Wal-Mart with a $90 price target. | | | 06:31 EDT | | ACN | Accenture selected by Reale Mutua Assicurazioni Group subsidiary
Subscribe for More Information | | | 06:19 EDT | | BAC, WFC | Brokerage firms see market share drop, competition increase, Bloomberg reports
Subscribe for More Information | | | 06:17 EDT | | ACN | Accenture awarded contract management consulting contract by Tullow Oil
Subscribe for More Information | | | 06:09 EDT | | WMT | Wal-Mart removed from Top Picks Live list at Citigroup
Subscribe for More Information | | | 05:40 EDT | | V | Visa price target raised to $196 from $177 at Deutsche Bank
Subscribe for More Information | | | May 13, 2013 | | 15:04 EDT | | BAC, WFC | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. | | | 07:59 EDT | | V | Visa management to meet with Deutsche Bank
Meeting to be held in New York on May 13 hosted by Deutsche Bank. | | | 07:29 EDT | | XRX | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | | May 10, 2013 | | 08:27 EDT | | MA | MasterCard management to meet with Deutsche Bank
Subscribe for More Information | | | 07:33 EDT | | BAC | New York's case against BofA, Merrill may be dropped, Reuters reports
Subscribe for More Information | | | 05:30 EDT | | BAC | KeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
Subscribe for More Information | | | May 9, 2013 | | 14:30 EDT | | BAC | Options Update; May 9, 2013
Subscribe for More Information | | | 12:29 EDT | | VNTV | Vantiv management to meet with Jefferies
Meeting to be held in New York on May 16 hosted by Jefferies. | | | 09:23 EDT | | MA | MasterCard management to meet with Deutsche Bank
Meetings to be held in Los Angeles/Pasadena on May 9 hosted by Deutsche Bank. | | | 08:09 EDT | | BAC | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link | | | 07:29 EDT | | ACN | Bernstein to host a conference
10th Annual IT Services Conference to be held in New York on May 9. | | | 05:46 EDT | | WMT | Wal-Mart investing $16.3M for food safety in China, WSJ reports
Subscribe for More Information | | | 05:43 EDT | | BAC, WFC | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link | | | | May 8, 2013 | | 16:00 EDT | | BAC | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. | | | 09:35 EDT | | VNTV | Fifth Third sees Q2 after-tax gain of $145M from Vantiv share sale
Fifth Third (FITB) announced that Vantiv (VNTV) recently priced a secondary offering of 38.6M shares of Class A Common Stock being sold on behalf of selling shareholders, including 15.6M shares being sold by Fifth Third. Additionally, Vantiv announced that it has entered into an agreement to repurchase 17.5M shares of the shares being sold by the selling shareholders in the offering. The combination of the sale and Vantiv’s repurchase of shares would result in an approximate 15% reduction in Fifth Third's ownership position in Vantiv, excluding warrants, the company said. Upon the settlement of this transaction, Fifth Third said it expects to recognize a pre-tax gain of approximately $225M, or approximately $145M after-tax, during Q2. Following the settlement, Fifth Third would have a remaining economic interest of approximately 28% of Vantiv’s future earnings, before consideration of the potential impact of an exercise of the underwriters’ overallotment option, it said. | | | 08:09 EDT | | MA | MasterCard management to meet with Deutsche Bank
Subscribe for More Information | | | 07:44 EDT | | WMT | BofA/Merrill's retail analysts hold an analyst/industry conference call
Specialty Retail Analyst Hutchinson provides an update on April monthly sales, earnings and industry trends on an Analyst/Industry conference call. Relevant covered companies BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, FDO, FL, GPS, KR, KSS, LOW, M, NDN, PLCE, SKS, SWY, TGT, TJX, WMT and ZLC may be included on the Analyst/Industry conference call to be held on May 9 at 1 pm. | | | 07:11 EDT | | WMT | Wal-Mart volatility flat into Q1 and margin growth outlook
Subscribe for More Information | | | 06:14 EDT |  | VNTV | Vantiv 38.6M share Secondary priced at $23.75
Subscribe for More Information | | | 06:12 EDT | | TI | Telecom Italia directors divided over Hutchison merger, Bloomberg reports
A group of directors appointed by Telecom Italia (TI) to review a potential merger with Hutchison Whampoa's (HUWHY) local unit are divided as its board meets today, sources say, reports Bloomberg. Reference Link | | | 05:40 EDT | | ACN | Accenture awarded IT contract by Astellas Pharma
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