Banking industry
SmarTrend's automated pattern recognition system, which analyzes over 5,000 securities simultaneously throughout the trading day, provided its subscribers with trend change alerts in real time. The system indicated an uptrend on September 13, 2010, for BioCryst Pharmaceuticals (BCRX) at $5.55, a downtrend on September 13, 2010,
Banking industry
Japanese electronics maker Hitachi Ltd has entrusted six banks with the initial public offering (IPO) of its US-based hard drive unit, Hitachi Global Storage Technologies. The transaction is expected to raise around USD1bn, with Citigroup, Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America Corp, and Nomura Holdings tasked with managing
Banking industry
CVC Capital Partners, a leading UK-based private equity firm, has entered into a definitive agreement to acquire Sunrise Communications S.A., a Switzerland-based provider of mobile, fixed network, and internet solutions, from TDC A/S for an enterprise value of CHF3,300 million. This acquisition enables CVC to expand its
Banking industry
Citigroup has named Cecelia ("Cece") Stewart as President of U.S. Consumer and Commercial Banking, responsible for overseeing Citi's U.S.-based Retail Banking, Personal Banking and Wealth Management, Commercial Banking, and Small Business Banking businesses. Stewart will report to Manuel Medina-Mora, Citi's Chief
Banking industry
In a significant shift towards more environmentally conscious fossil fuels financing, top US banks have curtailed their loans for mountaintop removal (MTR) coal mining, a practice that has become increasingly controversial. At the forefront of this movement are Bank of America, Citi, JPMorgan Chase, and Wells Fargo, along with Credit
Banking industry
SmarTrend, a system that provides trend change alerts, indicated downtrends for several stocks amidst market fluctuations. On August 10, 2010, analyst downgrades were announced for 8 stocks, affecting popular companies in various industries. The SmarTrend system, which analyzes over 5,000 securities simultaneously, indicated downtrends for stocks such as DigitalGlobe
Banking industry
The Bedford Report has released its latest Market Update, providing in-depth analysis on recent news and events affecting AT&T, Inc (NYSE: T), Toyota Motor Corp. (NYSE: TM), Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA), and Morgan Stanley (NYSE: MS). The report highlights the potential impact of financial reform on
Banking industry
Representative Ben Chandler's office released information regarding the Safe Accountable, Fair and Efficient (SAFE) Banking Act of 2010, a bill aimed at shrinking massive Wall Street banks to a safer and more manageable size. The legislation would not affect small banks but would target six extremely large financial
Banking industry
Seven Summits Strategic Investments' PriceWatch Alerts have been released for a group of five stocks: Morgan Stanley (NYSE:MS), Broadcom Corp. (NASDAQ:BRCM), Peabody Energy Corp. (NYSE:BTU), Fluor Corporation (NYSE:FLR), and BB & T Corp. (NYSE:BBT). The alerts are designed to provide concise strategies for each
Banking industry
U.S. stock-index futures fell on concerns over Greece's debt rating, sparking fears that a global economic recovery could be hampered. The decline was attributed to warnings from Moody's Investors Service and Standard & Poor's, weighing on the markets. Investors turned their attention to
Banking industry
The International Mergers and Acquisitions Summit, hosted by IQPC, is scheduled to take place in New York City from March 31 to April 1, 2010. The summit aims to provide the latest insights into the international M&A landscape, featuring cutting-edge strategies from renowned M&A experts. The
Banking industry
Leaders from top companies will gather at the TIAA CREF Building in New York City on March 1, 2010, to discuss the critical role of human resources in boardroom decision-making. The event, co-hosted by CTPartners and Booz & Company, will feature panelists representing various industries and market sectors. The discussion
