JP Morgan Chase & Co (JPM) 59.06 $JPM
Asian stock markets sink after Wall Street decline
By JOE McDONALD - AP - Tue Sep 09, 10:26PM CDT
BEIJING (AP) — Asian stock markets sank Wednesday following Wall Street's decline and weak Japanese machinery orders while investors mulled the timing of a possible U.S. interest rate hike.
Fed ramps pressure for biggest US banks to shrink
By MARCY GORDON - AP - Tue Sep 09, 6:27PM CDT
WASHINGTON (AP) — The Federal Reserve is pushing the biggest U.S. banks to shrink so that they're less of a risk to the financial system.
RBS Initiates Citizens IPO on NYSE to Raise Around $4B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 4:45PM CDT
The post-crisis era is likely to witness the largest initial public offering (IPO) as The Royal Bank of Scotland Group plc (RBS) announced the floatation of its U.S. retail banking subsidiary, Citizens Financial Group Inc.
Iron Mountain to Participate in Upcoming Investor Conferences
Business Wire - Tue Sep 09, 3:45PM CDT
Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will participate in the following investor conferences:
Look for Shares of JPMorgan Chase to Potentially Rebound after Yesterday's 1.39% Sell Off
Comtex SmarTrend(R) - Tue Sep 09, 3:44PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.78 to a high of $59.68. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $59.22 on volume of 14.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
After Yesterday's Decline of 1.39%, JPMorgan Chase Offers Investors Better Value
Comtex SmarTrend(R) - Tue Sep 09, 3:43PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.78 to a high of $59.68. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $59.22 on volume of 14.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Buckeye Partners, L.P. Prices $600 Million Offering of Senior Notes
GlobeNewswire - Tue Sep 09, 3:43PM CDT
Buckeye Partners, L.P. ("Buckeye"
(NYSE:BPL) announced today that it has priced an offering of $600 million aggregate principal amount of senior unsecured notes, including $300 million 4.35% senior notes due 2024 and $300 million 5.60% senior notes due 2044 at 99.825% and 99.876% of par, respectively. Buckeye expects the offering to close on September 12, 2014, subject to customary closing conditions. Buckeye expects to receive net proceeds after deducting the underwriting discount and offering expenses in connection with the offering of approximately $598.4 million. Buckeye intends to use the net proceeds from the offering (i) to fund a portion of the purchase price of the previously announced transaction with Trafigura Corpus Christi Holdings Inc. (the "Trafigura Transaction" and related expenses, (ii) to fund the redemption of all $275 million aggregate principal amount of our outstanding 5.300% Notes due October 15, 2014 and (iii) for general partnership purposes, including the settlement of existing interest rate swaps and prepayment of amounts due under our credit facility.
Hall of Fame Speaker Joe Calloway Headlines 2014 #ChaseBIS Series with Tips on the Only Strategy a Small Business Owner Needs
Business Wire - Tue Sep 09, 3:15PM CDT
Chase, one of the nation's leading banks for American small business, today launched the 2014 edition of its exclusive Business Insight Seminar Series, featuring Joe Calloway. A member of the International Speakers Hall of Fame, Calloway is also the bestselling author of the new book, "Be the Best at What Matters Most: The Only Strategy You'll Ever Need."
3 Reasons to Buy the Financial Select Sector SPDR Fund
Matthew Frankel, The Motley Fool - Motley Fool - Tue Sep 09, 1:20PM CDT
The financial sector has had a pretty mediocre year so far, even as the S&P 500 is up 8% and seems to hit a new record high every week. The Financial Select Sector SPDR Fund ETF is lagging the broad-based index by about a percentage point,...
Big Banks Facing More Rules As Fed Eyes Surcharge
at Investor's Business Daily - Tue Sep 09, 1:03PM CDT
Big U.S. banks can expect tougher capital requirements than their foreign counterparts will face, as regulators seek to reduce the risk of a bank failure bringing down the economy, a Federal Reserve official said Tuesday. The surcharge that large...
Dow Jones (DJIA) Today: JPMorgan Chase (JPM) Lower
at The Street - Tue Sep 09, 1:00PM CDT
Holding back the Dow today is JPMorgan Chase (NYSE:JPM), which is lagging the broader Dow index with a 91-cent decline (-1.5%) bringing the stock to $58.98.
AK Steel Offering Shares, Notes to Fund Dearborn Buyout - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 12:50PM CDT
AK Steel (AKS) is offering 35 million shares and senior unsecured notes to fund its acquisition of Severstal Dearborn.
FMC Corp. Buys Auriga's Unit Cheminova for $1.8 Billion - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 12:40PM CDT
FMC Corp. (FMC) has agreed to buy Denmark-based Auriga Industries' fully-owned unit Cheminova for $1.8 billion.
Most active New York Stock Exchange-traded stocks
AP - Tue Sep 09, 12:23PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:
Chesapeake Lodging Trust Completes Public Offering of Common Shares
Business Wire - Tue Sep 09, 9:57AM CDT
Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust" announced today that it has completed its public offering of 4,830,000 common shares, including 630,000 shares sold pursuant to the full exercise by the underwriter of its option to purchase additional shares. Through the offering, the Trust raised approximately $144.1 million of net proceeds, after deducting the underwriting discount and estimated offering costs.
Jamie Dimon To Speak, New 2015 Real Estate Forecast To Be Released at ULI Conference in NYC
PRWeb - Tue Sep 09, 9:13AM CDT
Rethinking the how, what and where of urban development will be the focus of the Urban Land Institute's upcoming Fall Meeting, set for October 21-23, 2014 at the Javits Center in New York City. The program will focus on demographic, social, economic, environmental, and technology trends affecting land use, with an emphasis on three specific areas: industry leadership; building for health and wellness; and creating resilient communities.
Why D.R. Horton (DHI) Stock Is Up Today
at The Street - Tue Sep 09, 8:45AM CDT
Shares of D.R. Horton (DHI) are higher this morning after the company was upgraded to 'overweight' from 'neutral' at JPMorgan Chase (JPM).
The Zacks Analyst Blog Highlights: Citigroup, Goldman Sachs Group, JPMorgan Chase, Bank of America and HSBC Holdings
PR Newswire - Tue Sep 09, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Citigroup Inc. (NYSE:C-Free Report), Goldman Sachs Group, Inc. (NYSE:GS-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and HSBC Holdings Plc (NYSE:HSBC-Free Report).
J. C. Penney Announces Proposed Offering of Senior Unsecured Notes
Thomson Reuters ONE - Tue Sep 09, 6:50AM CDT
PLANO, Texas - (September 9, 2014) - J. C. Penney Company, Inc. (the "Company" (NYSE: JCP) announced today that its wholly owned subsidiary, J . C. Penney Corporation, Inc. (together with the Company, "J. C. Penney", has commenced an underwritten public offering of $350 million aggregate principal amount of senior unsecured notes, for which the Company would be a co-obligor (the "Notes", subject to market and other conditions. J. C. Penney intends to use the net proceeds from the offering of the Notes to pay the tender consideration and related transaction fees and expenses for J. C. Penney's contemporaneous tender offers to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.875% Medium-Term Notes due 2015, 7.65% Debentures due 2016 and 7.95% Debentures due 2017 (collectively, the "Tender Securities". J. C. Penney intends to use any remaining net proceeds for general corporate purposes, which may include further purchasing or otherwise retiring a portion of its existing indebtedness.
J.P. Morgan Leads Institutional Investor's 2014 All-America Fixed-Income Research Team
Marketwire - Tue Sep 09, 5:26AM CDT
J.P. Morgan is No. 1 on the All-America Fixed-Income Research Team, Institutional Investor's annual ranking of the nation's best sell-side bond and credit analysts, for a fifth consecutive year.
Asian stock markets sink after Wall Street decline
By JOE McDONALD - AP - Tue Sep 09, 10:26PM CDT
BEIJING (AP) — Asian stock markets sank Wednesday following Wall Street's decline and weak Japanese machinery orders while investors mulled the timing of a possible U.S. interest rate hike.
Fed ramps pressure for biggest US banks to shrink
By MARCY GORDON - AP - Tue Sep 09, 6:27PM CDT
WASHINGTON (AP) — The Federal Reserve is pushing the biggest U.S. banks to shrink so that they're less of a risk to the financial system.
RBS Initiates Citizens IPO on NYSE to Raise Around $4B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 4:45PM CDT
The post-crisis era is likely to witness the largest initial public offering (IPO) as The Royal Bank of Scotland Group plc (RBS) announced the floatation of its U.S. retail banking subsidiary, Citizens Financial Group Inc.
Iron Mountain to Participate in Upcoming Investor Conferences
Business Wire - Tue Sep 09, 3:45PM CDT
Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, will participate in the following investor conferences:
Look for Shares of JPMorgan Chase to Potentially Rebound after Yesterday's 1.39% Sell Off
Comtex SmarTrend(R) - Tue Sep 09, 3:44PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.78 to a high of $59.68. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $59.22 on volume of 14.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
After Yesterday's Decline of 1.39%, JPMorgan Chase Offers Investors Better Value
Comtex SmarTrend(R) - Tue Sep 09, 3:43PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $58.78 to a high of $59.68. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $59.22 on volume of 14.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Buckeye Partners, L.P. Prices $600 Million Offering of Senior Notes
GlobeNewswire - Tue Sep 09, 3:43PM CDT
Buckeye Partners, L.P. ("Buckeye"
(NYSE:BPL) announced today that it has priced an offering of $600 million aggregate principal amount of senior unsecured notes, including $300 million 4.35% senior notes due 2024 and $300 million 5.60% senior notes due 2044 at 99.825% and 99.876% of par, respectively. Buckeye expects the offering to close on September 12, 2014, subject to customary closing conditions. Buckeye expects to receive net proceeds after deducting the underwriting discount and offering expenses in connection with the offering of approximately $598.4 million. Buckeye intends to use the net proceeds from the offering (i) to fund a portion of the purchase price of the previously announced transaction with Trafigura Corpus Christi Holdings Inc. (the "Trafigura Transaction" and related expenses, (ii) to fund the redemption of all $275 million aggregate principal amount of our outstanding 5.300% Notes due October 15, 2014 and (iii) for general partnership purposes, including the settlement of existing interest rate swaps and prepayment of amounts due under our credit facility. Hall of Fame Speaker Joe Calloway Headlines 2014 #ChaseBIS Series with Tips on the Only Strategy a Small Business Owner Needs
Business Wire - Tue Sep 09, 3:15PM CDT
Chase, one of the nation's leading banks for American small business, today launched the 2014 edition of its exclusive Business Insight Seminar Series, featuring Joe Calloway. A member of the International Speakers Hall of Fame, Calloway is also the bestselling author of the new book, "Be the Best at What Matters Most: The Only Strategy You'll Ever Need."
3 Reasons to Buy the Financial Select Sector SPDR Fund
Matthew Frankel, The Motley Fool - Motley Fool - Tue Sep 09, 1:20PM CDT
The financial sector has had a pretty mediocre year so far, even as the S&P 500 is up 8% and seems to hit a new record high every week. The Financial Select Sector SPDR Fund ETF is lagging the broad-based index by about a percentage point,...
Big Banks Facing More Rules As Fed Eyes Surcharge
at Investor's Business Daily - Tue Sep 09, 1:03PM CDT
Big U.S. banks can expect tougher capital requirements than their foreign counterparts will face, as regulators seek to reduce the risk of a bank failure bringing down the economy, a Federal Reserve official said Tuesday. The surcharge that large...
Dow Jones (DJIA) Today: JPMorgan Chase (JPM) Lower
at The Street - Tue Sep 09, 1:00PM CDT
Holding back the Dow today is JPMorgan Chase (NYSE:JPM), which is lagging the broader Dow index with a 91-cent decline (-1.5%) bringing the stock to $58.98.
AK Steel Offering Shares, Notes to Fund Dearborn Buyout - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 12:50PM CDT
AK Steel (AKS) is offering 35 million shares and senior unsecured notes to fund its acquisition of Severstal Dearborn.
FMC Corp. Buys Auriga's Unit Cheminova for $1.8 Billion - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 12:40PM CDT
FMC Corp. (FMC) has agreed to buy Denmark-based Auriga Industries' fully-owned unit Cheminova for $1.8 billion.
Most active New York Stock Exchange-traded stocks
AP - Tue Sep 09, 12:23PM CDT
NEW YORK (AP) — A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:
Chesapeake Lodging Trust Completes Public Offering of Common Shares
Business Wire - Tue Sep 09, 9:57AM CDT
Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust"
announced today that it has completed its public offering of 4,830,000 common shares, including 630,000 shares sold pursuant to the full exercise by the underwriter of its option to purchase additional shares. Through the offering, the Trust raised approximately $144.1 million of net proceeds, after deducting the underwriting discount and estimated offering costs. Jamie Dimon To Speak, New 2015 Real Estate Forecast To Be Released at ULI Conference in NYC
PRWeb - Tue Sep 09, 9:13AM CDT
Rethinking the how, what and where of urban development will be the focus of the Urban Land Institute's upcoming Fall Meeting, set for October 21-23, 2014 at the Javits Center in New York City. The program will focus on demographic, social, economic, environmental, and technology trends affecting land use, with an emphasis on three specific areas: industry leadership; building for health and wellness; and creating resilient communities.
Why D.R. Horton (DHI) Stock Is Up Today
at The Street - Tue Sep 09, 8:45AM CDT
Shares of D.R. Horton (DHI) are higher this morning after the company was upgraded to 'overweight' from 'neutral' at JPMorgan Chase (JPM).
The Zacks Analyst Blog Highlights: Citigroup, Goldman Sachs Group, JPMorgan Chase, Bank of America and HSBC Holdings
PR Newswire - Tue Sep 09, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Citigroup Inc. (NYSE:C-Free Report), Goldman Sachs Group, Inc. (NYSE:GS-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and HSBC Holdings Plc (NYSE:HSBC-Free Report).
J. C. Penney Announces Proposed Offering of Senior Unsecured Notes
Thomson Reuters ONE - Tue Sep 09, 6:50AM CDT
PLANO, Texas - (September 9, 2014) - J. C. Penney Company, Inc. (the "Company"
(NYSE: JCP) announced today that its wholly owned subsidiary, J . C. Penney Corporation, Inc. (together with the Company, "J. C. Penney", has commenced an underwritten public offering of $350 million aggregate principal amount of senior unsecured notes, for which the Company would be a co-obligor (the "Notes", subject to market and other conditions. J. C. Penney intends to use the net proceeds from the offering of the Notes to pay the tender consideration and related transaction fees and expenses for J. C. Penney's contemporaneous tender offers to purchase for cash up to $300 million aggregate principal amount of its outstanding 6.875% Medium-Term Notes due 2015, 7.65% Debentures due 2016 and 7.95% Debentures due 2017 (collectively, the "Tender Securities". J. C. Penney intends to use any remaining net proceeds for general corporate purposes, which may include further purchasing or otherwise retiring a portion of its existing indebtedness. J.P. Morgan Leads Institutional Investor's 2014 All-America Fixed-Income Research Team
Marketwire - Tue Sep 09, 5:26AM CDT
J.P. Morgan is No. 1 on the All-America Fixed-Income Research Team, Institutional Investor's annual ranking of the nation's best sell-side bond and credit analysts, for a fifth consecutive year.
