Latest JP Morgan Chase & Co (JPM) Headlines Int
Post# of 54
InterMune Announces Pricing of Public Offering of 7,500,000 Shares of Common Stock
PR Newswire - Thu Mar 13, 6:20PM CDT
InterMune, Inc. (Nasdaq: ITMN) today announced that it has agreed to sell 7,500,000 shares of its common stock at a price to the public of $32.75 per share in an underwritten public offering. InterMune has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock in connection with the offering. InterMune estimates net proceeds from the offering to be approximately $233.0 million (assuming no exercise of the underwriters' option to purchase additional shares of common stock), after deducting underwriting discounts and estimated offering expenses. InterMune intends to use the net proceeds from the offering to fund the commercialization activities in anticipation of the potential commercial launch of Esbriet® (pirfenidone) in the United States and ongoing commercialization in Europe, to fund research and development programs with Esbriet and other compounds intended to address idiopathic pulmonary fibrosis (IPF) and other fibrotic diseases, and for general corporate purposes. InterMune expects to close this transaction on or about March 19, 2014, subject to satisfaction of customary closing conditions.
Apollo Commercial Prices Convertible Senior Notes - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 13, 4:40PM CDT
In order to attain financial flexibility, Apollo Commercial priced a public offering of 5.50% convertible senior notes worth $125 million.
Berger & Montague, P.C. Announces Class Action Lawsuit Filed Alleging That JPMorgan Chase Used Robosigned Affidavits To Obtain Default Judgments Against Thousands Of Credit Card Borrowers
PR Newswire - Thu Mar 13, 2:47PM CDT
A class action lawsuit has been filed on behalf of credit card customers of JPMorgan Chase against whom Chase obtained default judgments using allegedly robosigned and fraudulent affidavits. The lawsuit, Moya v. JPMorgan Chase & Co., et al., No. 1:14-cv-20922 (S.D. Fla.), was filed in the United States District Court for the Southern District of Florida, and is brought on behalf of all credit card borrowers in the United States who have been sued by or on behalf of Chase to collect on a credit card debt and had the court enter a default judgment based on a robosigned affidavit submitted by Chase.
GE hastens retreat from consumer lending
at The Street - Thu Mar 13, 11:08AM CDT
Plan to list Synchrony Financial reduces conglomerate's financial services exposure in favor of its industrial and health care segments.
Critical Alerts For IBM, 3M, Sina, Amgen, and JP Morgan Released By InvestorsObserver
PR Newswire - Thu Mar 13, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for IBM, MMM, SINA, AMGN, and JPM.
Opus Bank Files Registration Statement for Proposed Initial Public Offering
Business Wire - Thu Mar 13, 6:01AM CDT
Opus Bank, which specializes in commercial, retail, merchant and correspondent banking, today announced that a registration statement on Form 10 has been filed with the Federal Deposit Insurance Corporation for the proposed listing of Opus Bank common stock in connection with a proposed initial public offering. The shares will be offered by Opus Bank and certain selling stockholders. Opus Bank has applied to list its common stock on The NASDAQ Global Select Market under the ticker symbol "OPB." The number of shares of common stock to be offered and the price range for the offering have not yet been determined.
"Candy Crush Saga" Maker Prices IPO
Eric Volkman, The Motley Fool - Motley Fool - Wed Mar 12, 7:27PM CDT
King Digital Entertainment has put a price range on the shares to be floated in its upcoming initial public offering. In a filing submitted to the Securities and Exchange Commission today the company, maker of the wildly popular title Candy Crush...
Financial Services Stocks Still Look Very Undervalued
at The Street - Wed Mar 12, 5:43PM CDT
James Dennin, Kapitall: We looked for undervalued financial services stocks. It wasn't hard. a????Though the financial crisis is almost 6 years [...]
Aircastle Announces Pricing of $500 Million Aggregate Principal Amount of Senior Notes
PR Newswire - Wed Mar 12, 3:24PM CDT
Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the pricing of $500 million aggregate principal amount of 5.125% senior notes due 2021 (the "notes"). The notes were priced at par. Aircastle plans to use the net proceeds of the offering to fund the repayment or redemption of its 9.75% senior notes due 2018 and for general corporate purposes.
Fitch Takes Various Actions on JPMCC 2003-ML1
Business Wire - Wed Mar 12, 1:05PM CDT
Fitch Ratings has upgraded four, downgraded one, and affirmed one class of J.P. Morgan Commercial Mortgage Securities Corp. 2003-ML1, commercial mortgage pass-through certificates. A detailed list of rating actions follows the end of the press release.
Fitch Upgrades 1 Class of J.P. Morgan 1999-C8
Business Wire - Wed Mar 12, 1:01PM CDT
Fitch Ratings has upgraded one class of J.P. Morgan Commercial Mortgage Finance Corp. series 1999-C8 commercial mortgage pass-through certificates:
Markets Mixed as Mortgage Data and Retailers Look Weak
Matt Thalman, The Motley Fool - Motley Fool - Wed Mar 12, 12:05PM CDT
After all three of the major U.S. stock indices opened the day lower, but they were mixed as of 1 p.m. EDT. The Dow Jones Industrial Average was down 15 points, or 0.10% and the S&P 500 was off by 0.07%, but the Nasdaq managed to gain...
Dow Falls as Financials Struggle; JPMorgan, American Express Lead Declines
Dan Caplinger, The Motley Fool - Motley Fool - Wed Mar 12, 11:31AM CDT
On Wednesday, the Dow Jones Industrials stayed in the malaise that has plagued the market all week, as investors ponder whether a sixth-straight year of bull-market gains will be in the cards for 2014 and early 2015. As of 12:30 p.m. EDT, the...
Men's Wearhouse - Jos. A. Bank Strike a Deal - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 10:20AM CDT
The tussle between men's apparel retailer Jos. A. Bank Clothiers Inc. and its larger rival The Men's Wearhouse Inc. that dragged on for almost 6 months has finally come to an end as both the companies sealed a merger deal.
Regions CEO Gets 3.9% Pay Raise - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Mar 12, 10:00AM CDT
Regions Financial Corporation Chairman and Chief Executive Officer (CEO) Grayson Hall's compensation package received a 3.9% hike on a year-over-year basis, according to a Securities and Exchange Commission (SEC) filing on Tuesday.
King Digital Entertainment Targets $7.6B Valuation
at The Street - Wed Mar 12, 9:27AM CDT
Maker of Candy Crush game will sell 22.2 million shares at $21 to $24 apiece; Apax to retain 44% stake after IPO.
JPMorgan Chase (JPM) Crosses Pivot Point Support at $57.73
Comtex SmarTrend(R) - Wed Mar 12, 9:04AM CDT
JPMorgan Chase (NYSE:JPM) has opened bearishly below the pivot of $58.59 today and has reached the first level of support at $57.73. Investors may be interested in a cross of the next downside pivot targets of $57.27 and $55.95.
CSX Expects More Modest Full-Year Earnings Growth Reflecting Challenging Weather Conditions
PR Newswire - Wed Mar 12, 7:45AM CDT
CSX Corporation (NYSE: CSX) Chief Financial Officer Fredrik Eliasson today discussed a variety of financial and market-specific topics at the J.P. Morgan Aviation, Transportation and Industrials Conference in New York City, including the first quarter weather impact on CSX, macroeconomic drivers of company growth, and long-term earnings guidance.
Aircastle Announces Proposed Offering of $400 Million Aggregate Principal Amount of Senior Notes
PR Newswire - Wed Mar 12, 6:29AM CDT
Aircastle Limited (NYSE: AYR) ("Aircastle") announced today that it plans to offer an aggregate of $400 million principal amount of its senior notes due 2021 (the "notes"). Aircastle plans to use the net proceeds of the offering, together with cash on hand, to fund the repayment or redemption of its 9.75% senior notes due 2018.
'Fast Money' Recap: Driving the News
at The Street - Wed Mar 12, 4:00AM CDT
The trading panel discussed GM's recent vehicle recall and criminal investigation.