DailyMarkets.com - Facebook IPO Cost Citi Millions |
- Facebook IPO Cost Citi Millions
- Brightpoint Downgraded To Underperform
- Goldman Plans Private REIT In Japan
- Abiomed Reiterated At Outperform
- JPMorgan Eyes Chinese Expansion
- More Buy-Back For Acxiom
- USPSTF Recommendation Could Benefit PCA3 Test
- Gerdau Enters Negative Zone
- Teva Issues 2012 Outlook
- Discover-Home Loan Deal Set To Close
- DISH Sues Broadcasting Majors
- Euro Slides On Spain
| Facebook IPO Cost Citi Millions Posted: 29 May 2012 10:02 AM PDT The highly publicised listing of the social networking company, Facebook Inc. (FB), on the Nasdaq Stock Market cost Citigroup Inc. (NYSE:C) millions, according to a Wall Street Journal report. A technical glitch cropped up with the Facebook IPO and as a result, the market making unit of Citi incurred losses of around $20 million.
|
| Brightpoint Downgraded To Underperform Posted: 29 May 2012 10:02 AM PDT We downgrade our recommendation on Brightpoint Inc. (NASDAQ:CELL) to Underperform based on two reasons – (1) loss of a major client of the company's high-margin Logistics segment in the U.S. (2) broader global macro-economic volatility. The company reported mixed financial results for the first quarter of 2012. Revenue surpassed the Zacks Consensus Estimate, but earnings per share fell significantly below it.
|
| Goldman Plans Private REIT In Japan Posted: 29 May 2012 09:42 AM PDT Through its asset management arm, The Goldman Sachs Group Inc. (NYSE:GS) is planning to foray into Japan's property market. According to Bloomberg, the U.S. investment bank strategizes to initiate a private real estate investment trust (REIT) in the Japanese soil with a capital investment of approximately 50 billion yen ($628 million).
|
| Abiomed Reiterated At Outperform Posted: 29 May 2012 09:42 AM PDT We reiterate our Outperform rating on Abiomed Inc. (NASDAQ:ABMD). Its fourth quarter fiscal 2012 adjusted (excluding one-time items except stock-based compensation expenses) earnings per share of 7 cents beat the Zacks Consensus Estimate of 6 cents per share. Revenues soared 31% year over year to $37.3 million (quarterly record), beating the Zacks Consensus Estimate of $35 million.
|
| JPMorgan Eyes Chinese Expansion Posted: 29 May 2012 09:22 AM PDT JPMorgan Chase & Co. (NYSE:JPM) has infused nearly 2.5 billion Yuan ($394.08 million) in its Chinese subsidiary – JPMorgan Chase Bank (China) Company – with the aim to benefit from one of the fastest growing economies. JPMorgan has also received the permission from the China Banking Regulatory Commission (CBRC) to open a new branch in Suzhou.
|
| Posted: 29 May 2012 09:03 AM PDT Last week, Acxiom Corporation (ACXM) announced that it has stepped up its share repurchase plan to $150 million now. This was done with the clear intent of bolstering investor returns. Acxiom's share repurchase program which started in August 2011, has bought back about 6.1 million shares since then for around $72 million. This accounts for nearly 7% of its total shares outstanding in the market.
|
| USPSTF Recommendation Could Benefit PCA3 Test Posted: 29 May 2012 08:43 AM PDT USPSTF Recommendation Could Benefit PCA3 Test Last week brought more positive news for DiagnoCure Inc. (T.CUR) and the Progensa PCA3 prostate cancer test including the final recommendation by the U.S. Preventative Services Task Force (USPSTF) against the use of PSA testing. The USPSTF issued its final recommendation statement against the use of PSA testing on May 21, 2012. The final recommendation was not a surprise as the USPSTF, in late 2011, issued a draft … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
|
| Posted: 29 May 2012 08:42 AM PDT Among the leading steel producing companies in the world, Gerdau S.A. (NYSE:GGB) has been recently downgraded by us from Neutral to an Underperform recommendation.
|
| Posted: 29 May 2012 08:23 AM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) finally provided much-awaited guidance for 2012. Teva, which saw a change in leadership recently, is guiding towards earnings of $5.30 – $5.40 per share on total net sales of $20 – $21 billion in 2012. This represents a cut from the outlook provided by the company in late 2011 when it had guided towards earnings of $5.48 – $5.68 per share on total net sales of about $22 billion. Performance in the E.U. will continue to be weak throughout the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
|
| Discover-Home Loan Deal Set To Close Posted: 29 May 2012 08:08 AM PDT More than a year after the announcement of the agreement, Tree.com Inc. (NASDAQ:TREE) has finally set a closing date for the sale of almost all the operating and related assets of its subsidiary – Home Loan Center – to Discover Financial Services (NYSE:DFS). The transaction is expected to be closed on June 6, 2012, subject to customary closing conditions.
|
| Posted: 29 May 2012 08:08 AM PDT One of the leading satellite companies in the US, DISH Network Corporation (NASDAQ:DISH) has filed a lawsuit against four major broadcasting companies Walt Disney Co.'s (NYSE:DIS) ABC, CBS Corporation (NYSE:CBS), News Corp. (NWSA) owned Fox network and Comcast Corp. (NASDAQ:CMCSA)-owned NBC Universal seeking a declaratory judgment to make DISH's recently launched Auto Hop technology acceptable among these broadcasting companies.
|
| Posted: 29 May 2012 07:00 AM PDT 05/29/12 The euro started a new week in the red following concerns over Spain’s banking sector and soaring borrowing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
|
| You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment