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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:24 EDTJPM, DB, MS, CS, C, GS, YHOOAlibaba, bankers discussing adding new shares to deal, WSJ reports
Alibaba and its bankers is discussing adding new shares to its initial public offering to enable the company to raise funds for itself alongside current investors, reports the Wall Street Journal, citing people familiar with the deal. No final decision has been made, but the move would push the IPO beyond $20B. Reference Link
News For YHOO;CS;DB;GS;MS;JPM;C From The Last 14 Days
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May 20, 2015
06:53 EDTYHOOYahoo says IRS statement on spin-offs doesn't affect previously filed requests
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06:41 EDTYHOOCantor sees 'cloud of uncertainty' around Yahoo plans
Cantor Fitzgerald analyst Youssef Squali believes comments yesterday from the IRS's Office of Associate Chief Counsel regarding tax treatment of certain spinoffs bring a "cloud of uncertainty" around Yahoo's (YHOO) plans to hold a tax-free spinoff of its shares in Alibaba (BABA). Isaac Zimbalist, Senior Technician Reviewer at the IRS' Office Associate Chief Counsel, said that the agency will now hold in abeyance any ruling requests received with regard to spinoffs, according to Bloomberg. Squali reiterates a Buy rating on Yahoo, however, saying shares at $41 remain compelling. His analysis of varying tax treatments of Yahoo's Alibaba spin yields a $16 per share negative impact under a worst case scenario relative to his $60 fair value estimate. Yahoo closed yesterday down $3.38 to $40.98 after Zimbalist's comments brought a late day selloff.
06:10 EDTMSMorgan Stanley implied volatility of 16 at lower end of index mean range
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05:46 EDTYHOOStocks with implied volatility movement; YHOO VIPS
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May 19, 2015
17:13 EDTYHOOYahoo falls on potential IRS changes to spinoff rules, Bloomberg says
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15:59 EDTYHOOYahoo at session lows, down over 9%
The move lower in Yahoo (YHOO) is being attributed to speculation on potential changes to IRS rules that may impact the company's planned spin-off of its stake in Alibaba (BABA), according to contacts.
15:56 EDTYHOOChina said to possibly raise tax on cross-border e-commerce, Bloomberg says
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15:42 EDTC, JPMBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
15:20 EDTYHOOYahoo CIO leaves after less than a year in the post, WSJ reports
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09:37 EDTJPMActive equity options trading on open
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07:43 EDTYHOOJPMorgan to hold a conference
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06:15 EDTDBDeutsche Bank explores moving parts if UK leaves EU, Financial Times says
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May 18, 2015
19:20 EDTDBDeutsche Bank retail chief to quit after disagreement, Reuters says
Rainer Neske, Deutsche Bank's head of retail banking, is set to resign because he disagrees with the company's restructuring program, reports Reuters, citing unnamed industry sources quoted by Handelsblatt. Reuters notes that the restructuring involves selling the Postbank retail business, increasing investments in equities and wealth management, and divesting up to $169.65B in investment bank assets. Reference Link
09:46 EDTJPM, MS, CMPLX enters common unit sales agreement for up to $500M
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09:36 EDTCActive equity options trading on open
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08:32 EDTCSOvaScience announces Ravi Mehrotra as Chief Corporate Development Officer
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08:01 EDTCList of potential buyers of Citi Egyptian retail unit narrows, Reuters reports
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07:12 EDTC, JPMBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:58 EDTDBDeutsche Bank co-CEOs won't step down, Reuters reports
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06:15 EDTCCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
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