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Stock Market & Financial Investment News

News Breaks
August 11, 2014
17:28 EDTWUBA, GSGoldman Sachs reports 11.5% passive stake in 58.com
News For WUBA;GS From The Last 14 Days
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October 29, 2014
06:31 EDTGSAtlantia rejects order to Goldman on Aeroporti di Roma share sale, Reuters says
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06:12 EDTGSDeutsche Bank confirms Marcus Schenck as deputy CFO
The Supervisory Board of Deutsche Bank announced that it has realigned individual responsibilities on the Management Board in line with the Bank's ongoing strategic, regulatory and litigation priorities. As a consequence, the Supervisory Board has appointed two new members to the Management Board. Stefan Krause, CFO since 2008, will take a new position as Head of Strategy and Organizational Development, effective November 1, which will combine responsibility for strategic development and all major change initiatives at the Bank. Krause will continue as CFO until the conclusion of the Annual General Meeting on May 21, 2015. Dr. Marcus Schenck, who will join the Bank from Goldman Sachs (GS) as General Manager and Deputy CFO, will be appointed to the Management Board, effective on conclusion of the Annual General Meeting on May 21, 2015, at which time he will succeed Krause as CFO. Henry Ritchotte will continue as COO with responsibility for Technology and Operations, and will in addition assume responsibility for the Bank’s global digital agenda.
October 28, 2014
13:00 EDTGSReport says Deutsche Bank to name Schenck to succeed CFO Krause, Reuters says
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06:02 EDTGS'Big Brother' set to air in China on Youku internet platform, Variety reports
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October 23, 2014
07:25 EDTGSCitigroup, others careful of Ergen amid possible T-Mobile offer, Bloomberg says
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06:32 EDTGSGovernment relaxing mortgage regulations, NY Times says
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October 22, 2014
13:58 EDTGSHumana hires Goldman to explore sale of urgent care unit, Reuters reports
Humana has hired investment bank Goldman Sachs to advise on a potential sale of its urgent care subsidiary, Concentra, according to Reuters, citing three people familiar with the matter. A deal could value the subsidiary, which Humana acquired less than four years ago, at around $1B, the report noted. Reference Link
07:44 EDTGSSterigenics exploring sale, sources say, Reuters reports
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October 21, 2014
08:18 EDTGSBasel Committee accelerating work on leverage ratio, FT says
The Basel Committee on Banking Supervision will begin work on the calibration of the leverage ratio, a measure of bank capital seen as less vulnerable to manipulation, sooner than previously planned, which suggests the finished rule could be released as soon as 2015 or 2016, which is ahead of the previous target date of 2017, reported Financial Times, citing comments from the secretary-general of the committee, William Coen. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded large EU banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), Royal Bank of Scotland (RBS) and UBS (UBS). Reference Link
October 19, 2014
16:10 EDTGSGoldman reluctant to join U.K.'s BSRC, WSJ says
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October 17, 2014
16:55 EDTGSStocks end volatile week lower amid oil price plunge
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10:00 EDTGSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
06:11 EDTWUBA58.com invests $20M for minority stake in Edaijia
58.com announced that it has entered into a definitive agreement to invest $20M for a minority equity stake in Edaijia. Edaijia, which in English means "E-designated driver," is a platform for mobile-based designated driver services in China. The closing of this transaction is subject to customary closing conditions. This transaction is expected to close in late October.
05:35 EDTGSGoldman Sachs upgraded to Outperform from Market Perform at Keefe Bruyette
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