All Posts Tagged With: "BCS"
(BCS) Barclays to Sell BlackRock Stake
In an effort to meet the Basel III capital requirements and boost profitability, Barclays PLC (BCS) has decided to sell its 19.6% stake (about 35.2 million shares) in BlackRock Inc. (
23May2012 | vitalstocks | Comments Off | Continued(CHSI) SXC Health Solutions to Buy Catalyst Health
On Wednesday, Catalyst Health Solutions Inc. (CHSI) announced that it has entered into a $4.4 billion takeover agreement with rival pharmacy benefits management (PBM) company, SXC Health Solutions...
(AIG) Lehman Brothers Exits Bankruptcy: Good Days Ahead?
The Big News: Disgraced investment banking giant Lehman Brothers, which was first in line among the Wall Street’s bellwethers to collapse, announced its emergence from bankruptcy earlier this month.
The Immediate Question:...
(XLF) Stock Market News for March 2, 2012 – Market News
Encouraging domestic economic data and the massive monetary injection by the European Central Bank (ECB) lifted the benchmarks modestly higher on Thursday. The day was somewhat marred by dismal economic data and news of explosion on an unknown Saudi oil pipeline. However,...
(EU) Foreign Banks Stock Update – March 2012 – Industry Outlook
Foreign banks have been facing difficulties non-stop since the latest financial crisis, which triggered off as a credit issue in the sub-prime enclave of the U.S. mortgage market in mid-2007, and spilled all over the globe. The latest deterrents –– nagging macroeconomic...
(BAC) Fitch Ratings Downgrades Giant Wall Street Banks
Adding to the ongoing economic concerns, Fitch Ratings lowered its viability ratings on eight major global banks on Thursday. Moreover, long-term issuer-default ratings were also downgraded on six major U.S. and European banks.
The banks experiencing fall in their viability...
(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million.
Accordingly,...
(BAC) Standard & Poor’s Downgrades Giant Wall Street Banks
On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings.
The...
(PAY) VeriFone Systems Buys Point in Europe
VeriFone Systems, Inc. (PAY) has signed a definitive agreement with Nordic Capital Fund V to acquire European-based Point for approximately €600 million or $824 million. VeriFone will also retire Point’s...
(EU) Non-U.S. Banks Stock Update – November 2011 – Industry Outlook
The global banking industry is still a sorry sight, and its near term looks even worse with several negatives like asset-quality troubles, weak revenue growth, steeper costs and weak loan demand. But thanks to the worldwide regulatory reform, the sector has at least entered...
(XLF) Stock Market News for September 28, 2011 – Market News
Optimism about a possible resolution to the Greek-debt crisis provided a much needed boost to the markets, which logged their third-straight day of gains. But sell-offs in the final hours sparked by media reports of a split in euro-zone curbed the gains partially. However,...
(GS) The Goldman Sachs Group to Reduce Cost by Layoffs
According to The New York Times,The Goldman Sachs Group Inc. (GS) is moving ahead with its cost cutting plan. The bank is expected to cut its expenses by $1.45 billion by the end of 2011. The cost...
(PCE) Stock Market News for September 30, 2011
On Thursday, the roller-coaster ride of the markets ended with two benchmarks gaining and the other finishing in the red. A rally in the late session helped the blue-chip index beef up its gains, while sentiment got a boost from encouraging economic data and Germany’s approving...
(BHP) Mining Companies Driving Bullish Sentiment in Australia
by Justin Dove, Investment U Research
(BCS) Company News for September 19, 2011 – Corporate Summary
• Shares of blackberry smart phone maker Research In Motion Ltd. (NASDAQ:RIMM) declined 18.99% after the company posted poor earnings results that came in below expectations
• New York Post reported...
(UBS) VIX Instruments: Why Investing in Volatility is Volatile
by Justin Dove, Investment U Research
(GS) The Goldman Sachs Group Ends Litton Sale
Last week, The Goldman Sachs Group Inc. (GS) completed the sale of Litton Loan Servicing to Ocwen Financial Corp. (OCN) for $264.0 million,...
(BAC) Stock Market News for September 9, 2011 – Market News
Federal Reserve Chairman Ben Bernanke’s evasive speech failed to lift investor mood on Thursday and benchmarks tumbled down by almost a percent. The Fed Chairman used his pet term “tools” this time as well, but he did not specify what ‘tools’ the central...
(BAC) Stock Market News for September 7, 2011 – Market News
European debt concerns sent stocks down for the third-straight day after investors returned from a long weekend. The benchmarks suffered their worst three-day start this month since October 2008. This was also the S&P 500’s worst start in September in five decades. However,...
(ADP) Stock Market News for September 6, 2011 – Market News
Government jobs data came in at its worst in 11 months, sending benchmarks on a downward spiral on Friday. With zero jobs being added, the markets also suffered their sixth weekly decline in seven weeks, and recessionary fears crept back to dampen sentiment. Additionally,...
(AAPL) Company News for September 1, 2011 – Corporate Summary
• The U.S. Justice Department moved the courts in order to block AT&T, Inc.’s (NYSE:T) planned T-Mobile USA acquisition
• According to a report in The Wall Street Journal, Bank of America Corporation...
(AXP) Stock Market News for August 26, 2011 – Market News
Tense investors chose to raise cash ahead of the Federal Chairman’s speech at Jackson Hole and subsequently dragged the benchmarks lower, negating the effect of Warren Buffet’s $5 billion investment in Bank of America. Additionally, the jobs market painted another gloomy...
(AXP) Stock Market News for August 11, 2011 – Market News
Indices were dealt yet another blow by a multitude of concerns as benchmarks incurred heavy losses on Wednesday. Worries about the debt crisis spreading to Italy and Spain bogged down investor sentiment with additional pressure coming from fears of France losing its AAA rating.
The...
(BAC) Stock Market News for July 22, 2011 – Market News
Markets enjoyed substantive gains as debt related negotiations progressed on either side of the Atlantic, boosting investor sentiment. The Dow fell shy of its best intra-day rally of this year amid positive manufacturing data from the U.S. mid-Atlantic region and stellar corporate...
(BAC) Stock Market News for July 22, 2011 – Market News
Markets enjoyed substantive gains as debt related negotiations progressed on either side of the Atlantic, boosting investor sentiment. The Dow fell shy of its best intra-day rally of this year amid positive manufacturing data from the U.S. mid-Atlantic region and stellar corporate...
(XLF) Stock Market News for July 19, 2011 – Market News
Lingering euro-zone debt worries and the impasse over debt-ceiling negotiations weighed down investor sentiment on Monday, while bank shares felt the burn of the markets’ downtrend.
The Dow Jones Industrial Average (DJIA) shed 0.8% to close at 12,385.16. The Standard...
(NMI) Stock Market News for July 7, 2011 – Market News
Markets moved up modestly, boosted by transportation shares on Wednesday, but concerns emanating from economic data and Portugal’s downgrade kept gains in check. Additionally, investors refrained from betting big bucks as they await significant reports this week.
The...
(UBS) Non-U.S. Banks Stock Update – July 2011 – Industry Outlook
Backed by worldwide regulatory reform, the global banking industry is currently going through a transformation phase. Though the growth potential of some non-U.S. banks could be subdued due to higher reserve requirements, increased property taxes and strict lending limits...
(LWSN) Lawson Software Okays GGC Software Holdings Merger
Lawson Software (LWSN) recently announced that the stockholders have approve the proposed merger with GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor.
On April 26, 2011,...
(HBC) HSBC Holdings Saudi Arm to Join SABB Securities
HSBC Holdings Plc (HBC) announced that its Saudi Arabian wholesale and investment banking unit, HSBC Saudi Arabia, would merge with SABB Securities Ltd., a wholly-owned brokerage and custody business unit...