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Stock Market & Financial Investment News

News Breaks
February 22, 2013
06:04 EDTLVMUY, SHCAY, VOD, JPM, NLSN, TIF, WFC, VZOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Vodafone (VOD) CEO Vittorio Colao left the door open to the possibility of a near-term deal that would change the ownership of mobile-phone giant Verizon Wireless, held 55% by Verizon Communications (VZ) and 45% by Vodafone, the Wall Street Journal reports...Nielsen Holdings (NLSN) is taking a step towards extending its TV-ratings business to measure online viewing, aiming to gauge how much viewership has drifted away from traditional TV to online outlets, the Wall Street Journal reports...REUTERS: Federal Reserve officials are likely to continue with their bond-buying stimulus program even though some harbor growing concerns the purchases could fuel an asset bubble or inflation if pushed too far, Reuters reports...Sharp Corp. (SHCAY) is unlikely to include a capital infusion from Hon Hai Precision Industry Co. in its turnaround plan as talks between the two companies have stalled, sources say, Reuters reports...BLOOMBERG: Record mortgage profits that drove earnings at Wells Fargo (WFC) and JPMorgan Chase (JPM) are fading as increased competition keeps the rates banks are offering on new loans near all-time lows. The amount may be down as much as 40% from last quarter, Compass Point Research and Trading LLC estimates, as banks absorb most of the costs of falling bond prices, Bloomberg reports...LVMH Moet Hennessy Louis Vuitton (LVMUY) is poised to pursue a takeover as its revenue growth slows the most in four years. The $87B company could go after Burberry or Tiffany & Co. (TIF), Bloomberg reports.
News For VOD;VZ;NLSN;SHCAY;WFC;JPM;LVMUY;TIF From The Last 14 Days
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November 11, 2014
14:30 EDTJPMBanks to be hit with billions in fines for currency manipulation, Telegraph says
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10:00 EDTJPMOn The Fly: Analyst Downgrade Summary
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08:51 EDTVODVodafone now sees FY EBITDA GBP 11.6B to GBP 11.9B
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08:49 EDTVODVodafone reports adjusted 1H continuing ops EPS 2.63p vs. 4.92p last year
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07:06 EDTWFCJinkoSolar subsidiary signs $20M credit agreement with Wells Fargo Bank
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06:39 EDTJPMJPMorgan downgraded on valuation at Keefe Bruyette
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05:47 EDTJPMJPMorgan downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded JPMorgan to Market Perform with a $64 price target.
November 10, 2014
16:44 EDTVZOn The Fly: Closing Wrap
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15:17 EDTJPMCFPB 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
14:09 EDTVZBoehner strongly opposes net neutrality
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13:26 EDTVZCable providers fall after Obama weighs in on net neutrality
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12:24 EDTVZOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:06 EDTVZVerizon says utility Internet regulation would 'threaten great harm'
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09:45 EDTVZObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTVZObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:12 EDTWFCCA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:11 EDTVZOpen Mobile Media to hold a summit
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06:46 EDTWFC, JPMRegulators 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
06:18 EDTJPMUBS to settle misconduct allegations at precious metals trading unit, FT reports
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November 8, 2014
20:17 EDTVZAT&T could be the best bet of telecom stocks, Barron's says
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