All Posts Tagged With: "UBS"
(BAC) Bank of America Looks to Sell Assets Again
On Tuesday, Reuters reported that Bank of America Corporation (BAC) is again preparing to divest its international units in a bid to further streamline its operations and focus on its core businesses....
(HCN) Health Care REIT Completes Share Offer
Health Care REIT Inc. (HCN), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently completed its secondary offering of 20.7 million...
(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...
(C) China Approves Citigroup’s Credit Card Business
Citigroup Inc. (C) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory Commission. The company will launch...
(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is...
(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,...
(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see...
(MS) Morgan Stanley Settles MBIA Dispute
In an attempt to strengthen its balance sheet and remove the vestiges of the financial crisis, Morgan Stanley (MS) announced a comprehensive plan to settle its legal fight with MBIA Inc. (
(WFC) Wells Fargo Clears Bid-Rig Case
Wells Fargo & Co. (WFC) is in the headlines and this time for a penalty. The company has agreed to pay $148 million to settle charges brought by federal and state authorities that its acquired unit –...
(UBS) UBS AG Acquires Stake in Chi-X
UBS AG (UBS) acquired an equity stake in Chi-X Global Holdings LLC. The financial terms of the deal were not disclosed. Chi-X Global is an operator of technologically advanced alternative market centers and...
(IMF) IMF Eyes Lower Growth Forecast
Come January 2012, the International Monetary Fund (IMF) will have to pare its growth forecast for the world. IMF’s September 2011 projections indicated a global growth of 4% for 2012 as opposed to over 5% in 2010. This announcement by the IMF does not come as a surprise....
(PPDI) Pharmaceutical Product Development Shareholders Nod to Merger
Pharmaceutical drug research company Pharmaceutical Product Development, Inc. (PPDI) recently announced that its shareholders have approved the merger with privately held firms The Carlyle Group and Hellman...
(C) Citigroup Plans Layoff to Cut Costs
Citigroup Inc. (C) is mulling over retrenching 3,000 workers as part of its cost containment measures, the Wall Street Journal reported following communication with people familiar with the plans. Among...
(IMF) Stock Market News for October 31, 2011 – Market News
Markets chose to take a breather on Friday, closing on a flat note just a day after it posted a huge rally spurred on by the outcome of the European Council meeting. However, some of the encouragement ebbed after analysts questioned the effectiveness of the plan. Nonetheless,...
(PPDI) Pharmaceutical Product Development to Go Private
Pharmaceutical drug research company Pharmaceutical Product Development, Inc. (PPDI) recently announced that it has entered into an agreement to be acquired by privately held The Carlyle Group and Hellman...
(BAC) Stock Market News for October 4, 2011 – Market News
Fears arising from the Greek debt crisis pushed the benchmarks lower and the S&P 500 logged its lowest closing level since September 2010.October began on a despondent note, as Greece’s acknowledgement of possibly not meeting its target of deficit reduction for this...
(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...
(NDAQ) NASDAQ OMX Group to Buyback Notes – Refinance
On Tuesday, NASDAQ OMX Group Inc. (NDAQ) announced a cash tender offer for its outstanding 2.5% Convertible Senior Notes due 2013. The company will purchase the notes at a premium of $25 for every note of...
(UBS) U.S. Economy – Inflation – Jobs – Manufacturing
We have a range of economic data on tap today, from Jobless Claims and CPI to Industrial Production and regional manufacturing surveys. Europe will also be not far from investors’ mind, though the tone of recent headlines out of Europe has softened a bit. Some of the...
(BHP) Mining Companies Driving Bullish Sentiment in Australia
by Justin Dove, Investment U Research
(BAC) Company News for September 16, 2011 – Corporate Summary
• Pier 1 Imports (NYSE:PIR) posted Q2 EPS of $0.14, in line with Zacks Consensus Estimates. Revenues for the quarter rose 9.6% to $339.6 million
16Sep2011 | vitalstocks | 0 comments | Continued(UBS) VIX Instruments: Why Investing in Volatility is Volatile
by Justin Dove, Investment U Research
(JPM) JPMorgan Chase & Co Anticipates No Job Cuts
On Tuesday, Reuters reported quoting Mr. Jes Stanley, JPMorgan Chase & Co.’s (JPM) investment banking Chief Executive, that the company has no plans to retrench employees in the near future.
During...
(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,...
(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...
(AAPL) Company News for August 24, 2011 – Corporate Summary
• UBS AG (NYSE:UBS) reported that it will slash 3,500 jobs across the globe in an attempt to save $2.5 billion by the end of next year
• The Wall Street Journal reported that Sprint Nextel Corp. (NYSE:
(EU) Stock Market News for August 17, 2011 – Market News
Concerns from European corner once again pulled down the markets, as reports about a slowdown in the German economy led to the benchmarks’ first fall in four days. Failed talks between the French and German heads over a resolution to euro-zone debt woes overshadowed positive...
(C) Citigroup Hires in Asia Division
Citigroup Inc. (C) is boosting its Asian Prime Finance division by increasing the headcount 20% to 80, according to a Reuters report. The hiring comes as part of the company’s effort to take advantage of the...