According to Bloomberg, Goldman Sachs' corporate credit rating was downgraded to AA-, from A+
The Justice Department on Thursday gave the green light for the merger of NYSE Euronext and Deutsche Börse AG, which will create the world's largest stock exchange operator. The deal is still subject to the review of European antitrust authorities who have resisted approval.
The top aftermarket NYSE gainers Wednesday were: Gol Linhas Aereas Inteligentes, Worthington Industries, Timken, Suncor Energy, Willbros Group, Quicksilver Resources, Teavana Holdings, Radioshack Corp, K12 Inc and Rentech Nitrogen Partners.
The top aftermarket NYSE losers Wednesday were: Country Style Cooking, Laredo Petroleum Holdings, United Parcel Service, Mueller Water Products, Pacific Drilling, Arch Coal, Office Depot, Ion Geophysical, Enersys and PulteGroup, Inc.
The AT&T/T-Mobile is the third high-profile merger the U.S. Department of Justice has successfully defeated in 2011.
A late-day buying spree is causing shares in Bank of America (NYSE:BAC) to soar higher than its big bank peers. The rally began just after 3 p.m., shortly after news broke that the financial institution had settled a federal lawsuit regarding a subsidiary's subprime lending practices for $335 million.
Based on a preliminary vote count, 99 percent of shareholders of the Franklin, N.J.-based pharmacy benefit manager approved the merger.
Bank of America Corp. (NYSE:BAC) completed its swap of common stock and notes for preferred shares as part of its efforts strengthen its capital base ahead of Fed's 2012 stress test.
AT&T Inc. (NYSE: T) said on Monday that it was ending a $39 billion bid to acquire T-Mobile USA, a unit of Deutsche Telekom AG, which began in March. The announcement came via an AT&T statement and after a thorough review of options.
The top aftermarket NYSE losers Tuesday were: Jabil Circuit, SAP AG, FelCor Lodging Trust, iSoftStone Holdings, TRC Companies, PVH Corp, Sealed Air Corp, Talisman Energy, Yingli Green Energy Holding and Frontline Ltd.
The top aftermarket NYSE gainers Tuesday were: Atlantic Power, Sprint Nextel, Ultra Petroleum, Nike, Qihoo 360 Technology, Berry Petroleum, Valmont Industries, Carnival Corp and Beazer Homes USA.
The $8-billion, multi-year contract provides a big boost to Lockheed, while Japan seeks to replace its aging fleet of Boeing F-4 jets.
At a time of daily stock-market seizures, weekly bank and sovereign debt downgrades and monthly central bank interventions, most people are seeing the glass half empty, and have forecasted bearish -- if not downright abysmal -- market conditions for next year. A look at some of the more salient predictions.
Wall Street banks woke up to an unexpected positive surprise Tuesday after one of the financial sector's most prominent medium-sized investment banks posted results that exceeded analyst expectations, showing strength in the much-battered sector in spite of a highly volatile fourth quarter. Earnings for Jefferies Group (NYSE:JEF) were 50 percent higher than analysts had expected.
The top aftermarket NYSE gainers on Monday were: Emulex Corp, Sprint Nextel Corp, Skilled Healthcare Group, Radioshack, Cemex SAB, InvenSense, Quicksilver Resources, CBRE Group, Ultra Petroleum and Crexus Investment Corp.
The top aftermarket NYSE losers on Friday were: Red Hat, Polypore International, Primus Guaranty, Complete Production Services, LDK Solar Co, Talisman Energy, SeaBright Holdings, Ashford Hospitality Trust, Blount International and MEMC Electronic Materials.
In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
The airline, the first operator of Boeing's 787 Dreamliner, said in a statement on its Web site last week that a productivity reason is being given for the delay in delivery. All Nippon said it will delay Dreamliner service between Tokyo and Beijing and between Tokyo and Frankfurt as a result.
Robert W. Baird downgraded its rating on shares of RSC Holdings Inc. (NYSE: RRR) to neutral from outperform following United Rentals Inc.'s (NYSE: URI) intention to buy RSC Holdings for $18 per share.
After a year in which global macro machinations drove stock correlations to record highs, the Canaccord Genuity technology team is hopeful that 2012 will be a year in which favorable returns are the reward for superior fundamental analysis.
The top aftermarket NYSE gainers on Friday were: C&J Energy Services, Flotek Industries, Standard Pacific, Monster Worldwide, Transcananda Pipelines, Quanex Building Products, Williams Partners, Stillwater Mining, Crawford & Co and Imax Corp.
The top aftermarket NYSE losers on Friday were: Gol Linhas Aereas Inteligentes, Genpact, Advantage Oil & Gas, Skilled Healthcare Group, Lender Processing Services, CoreSite Realty, Williams Companies, Western Asset Bond and Luby's.
