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Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:53 EDTMS, DB, FB, JPM, CS, YHOO, GS, CBankers missed $100M in mandates with Alibaba IPO, Reuters reports
According to Thomson Reuters data, major banks missed out on about $100M in combined fees from other deals to work on Alibaba's IPO over the past year, Reuters reports. According to sources, the banks didn't want to anger Alibaba by working for its acquisition targets or rivals, and didn't want to risk losing out on business in the IPO that could be bigger than Facebook's (FB) 2012 IPO. Reuters previously reported that Citigroup (C), Credit Suisse (CS), Goldman (GS), JP Morgan (JPM), Deutsche Bank (DB) and Morgan Stanley (MS) are working on Alibaba's IPO. Reference Link
News For YHOO;FB;C;CS;DB;GS;JPM;MS From The Last 14 Days
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November 12, 2014
07:02 EDTJPMJPMorgan makes changes in response to foreign exchange probe, Reuters says
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06:12 EDTJPM, CCFTC fines five banks $1.4B for manipulation of FX benchmark rates
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06:05 EDTJPM, CFCA fines five banks $1.7B over FX trading operations
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06:04 EDTJPMJPMorgan downgraded to Market Perform from Outperform at Bernstein
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06:00 EDTYHOOYahoo investors met with AOL CEO to push merger, Reuters reports
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November 11, 2014
16:43 EDTYHOOYahoo acquires video advertising platform BrightRoll for $640M
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16:01 EDTFBOptions Update; November 11, 2014
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15:26 EDTFBYelp continues to gain traction in Local search, says Cowen
Cowen's checks indicate Yelp (YELP) continues to gain traction in Local search through Google (GOOGL) and Facebook (FB). The firm continues to see Yelp's Local ad revenue growing 60% in 2014 and believes the company will continue to beat numbers.
14:30 EDTJPM, CBanks to be hit with billions in fines for currency manipulation, Telegraph says
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12:02 EDTYHOOYahoo could create $19 in shareholder value, says Wolfe Research
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10:44 EDTYHOOAlibaba Chairman Ma thinks Yahoo 'happy' with company performance
Alibaba (BABA) Chairman Jack Ma says his company must focus on itself, not on Yahoo (YHOO), but he believes Yahoo is happy with Alibaba's performance. Ma is speaking on CNBC.
10:27 EDTYHOOAlibaba sets Singles' Day record, analysts start coverage with upbeat notes
Chinese e-commerce giant Alibaba (BABA) generated record sales during the Chinese Singles Day holiday and a number of research firms initiated coverage of the stock with upbeat notes. WHAT'S NEW: Alibaba announced that a record $8B of products had been sold on its website with a few hours left in the Chinese Singles' Day holiday. Many Chinese citizens buy gifts on e-commerce websites during the holiday. During last year's festival, $5.7B of products were purchased on Alibaba's websites. ANALYST INITIATIONS: Oppenheimer analyst Ella Ji initiated coverage of Alibaba with an Outperform rating in a note to investors last night. Alibaba's ecosystem will make it difficult for competitors to challenge it for a long time, Ji believes. The ecosystem also boosts Alibaba's revenue growth and margins, according to the analyst. The e-commerce giant's strong brand, along with its large and loyal customer base, help make it one of the best-positioned companies in the Chinese Internet space, contended the analyst. He predicted that its revenue and profits will grow at a compound annual growth rate of 34% and 32%, respectively, from fiscal 2014 to fiscal 2019. The analyst set a $133 price target on the shares. HSBC earlier today initiated coverage of Alibaba with an Overweight rating. WHAT'S NOTABLE: Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55, citing higher than previously expected trading values for Alibaba. The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham, which expects positive EBITDA growth for Yahoo, kept a Buy rating on the stock. PRICE ACTION: In early trading, Alibaba fell 2.6% to $116 per share. However, the stock has risen nearly 18% in the last five days.
10:00 EDTJPMOn The Fly: Analyst Downgrade Summary
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09:37 EDTCActive equity options trading
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08:38 EDTYHOOYahoo price target raised to $55 from $48 at Needham (yesterday)
Needham yesterday afternoon raised its price target for Yahoo (YHOO) shares to $55 citing higher than previously expected trading values for Alibaba (BABA). The firm believes Yahoo shares are pricing in negative 6% EBITDA growth for the company, which it views as too pessimistic. Needham expects positive EBITDA growth for Yahoo and keeps a Buy rating on the stock.
07:14 EDTCJudge allows Citigroup to process next Argentina bond payout, Reuters reports
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07:06 EDTGSMarkit Genpact KYC Services registers 600+ firms, appoints CEO
Markit Genpact KYC Services, the joint venture from Markit Ltd. (MRKT) and Genpact Ltd. (G) announced that more than 600 buyside firms and corporations are registered for its centralized service to streamline the management of know your customer information required by banks. Markit Genpact KYC Services also announced the appointment of Jon May as CEO. He joins Markit Genpact KYC Services from Goldman Sachs (GS) where he was a managing director and global head of client onboarding as well as head of Securities Operations and Operations Data Quality Management in India. Jon May will join Markit Genpact KYC Services in January 2015, based in London.
06:53 EDTCSBanks sued by terror victims, NY Times says
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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.
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