Morgan Stanley (NYSE:MS) Elevates Two Senior Bankers In Asia To Run Its M&A Business

Boston, MA 10/14/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) has set its sights high in Asia especially in its Merger and Acquisition business. The company indicated its readiness to take on its peer, Goldman Sachs Group Inc (NYSE:GS), to challenge its position in the space in the region. Reorganizes Team The company’s intention appeared to be […]

Thoratec Corporation (NASDAQ:THOR): Goldman Sachs Group Inc (NYSE:GS) Sees Room to step up Execution To Match Clinical Progress

Boston, MA 10/13/2014 (wallstreetpr) – Thoratec Corporation (NASDAQ:THOR) has the scope to step up its execution to match its clinical progress, which the company was leading, Goldman Sachs Group Inc (NYSE:GS) believes. Share Gain The brokerage believes that the Thoratec Corporation (NASDAQ:THOR)’s CEO, Keith Grossman, has raised the interest level of the investors after the […]

Abbott Laboratories (NYSE:ABT): Goldman Sachs Group Inc (NYSE:GS) Sees Nutritional Business As Key Driver Of Growth

Boston, MA 10/13/2014 (wallstreetpr) – Goldman Sachs Group Inc (NYSE:GS) expects nutritional business as a key driver for growth opportunities for Abbott Laboratories (NYSE:ABT). The brokerage believes that the company could use the untapped business opportunities in the sector for its future uptick. China Untapped Analyst David Roman said that there were untapped geographies for […]

Goldman Sachs Group Inc (NYSE:GS) Cuts The Ratings of Weak Coal, Peabody Energy Corporation (NYSE:BTU) Down by 4.9%

Boston, MA 09/22/2014 (wallstreetpr) – One of the well-known coal mining company, Peabody Energy Corporation (NYSE:BTU)‘s shares went down by 4.9% as the ratings of weak coal were declined by Goldman Sachs Group Inc (NYSE:GS). The shares of BTU closed at $13.49 after GS downgrade the ratings from ‘neutral’ to ‘sell.’ BTU is one of […]

Sunoco Logistics Partners L.P. (NYSE:SXL) Prices Its Public Issue Of Units at 6.6% Discount To Its 52-Week High Price

Boston, MA 09/18/2014 (wallstreetpr) – Operator of logistics business, Sunoco Logistics Partners L.P. (NYSE:SXL), disclosed the pricing of its public offering of common units, which was 6.6% lower than the yearly high price. The company intends to use the proceeds to payback part of its outstanding borrowing. Pricing Public Issue The company has priced its […]

Atlantic Power Corp (NYSE:AT) Names Ken Hartwick As Interim President And CEO, Slashed Dividend Rate Drastically, Drops Plan to Divest Itself

Boston, MA 09/17/2014 (wallstreetpr) – Power generation operator, Atlantic Power Corp (NYSE:AT) has updated its strategic review process outcome. As a result, the company has named its Director, Ken Hartwick, as its interim President and Chief Executive Officer and dropped its plan to sell itself. On top of these, it has slashed its annual dividend […]

Goldman Sachs Group Inc (NYSE:GS) Key Takeaways from Transcatheter Cardiovascular Therapeutics Conference

Boston, MA 09/16/2014 (wallstreetpr) – Investment advisor, Goldman Sachs Group Inc (NYSE:GS) analysts have provided key takeaways from the 2014 Transcatheter Cardiovascular Therapeutics or TPT conference. Accordingly, they have retained their Buy rating on the shares of Abbott Pharmaceuticals (NYSE:ABT) and Edwards Lifesciences Corp (NYSE:EW) while they remained Neutral on St. Jude Medical, Inc. (NYSE:STJ) […]

Goldman Sachs Group Inc (NYSE:GS) Estimates Hospira, Inc. (NYSE:HSP) To Suffer EPS Loss Of 26 – 52 Cents In 2015 From Precedex Drug On Court Order

Boston, MA 09/12/2014 (wallstreetpr) – Investment advisor Goldman Sachs Group Inc (NYSE:GS) expects the injectable drug and infusion technologies provider Hospira, Inc. (NYSE:HSP) to lose 26 – 52 cents a share from Precedex in the next year after the court ruled in favor of generic competition recently. Major Factors                   In a research note to clients, […]

Is JPMorgan Chase & Co. (NYSE:JPM) Trying To Escape Swap-Trading curbs For Overseas Derivatives?

Boston, MA 09/12/2014 (wallstreetpr) – Provider of diversified financial services JPMorgan Chase & Co. (NYSE:JPM) is one among the many financial institutions to have been closely watched by the U.S. Treasury Department on a possible move to evade the curbs on swap-trading of overseas derivatives. Treasury Watching Treasury Department seems to have been seized of […]

Twelve Large Banking Institutions Including Bank of America Corp (NYSE:BAC) To face U.S. swaps price-fixing lawsuit

Boston, MA 09/05/2014 (wallstreetpr) – Bank of America Corp (NYSE:BAC) had to pay a huge amount of $16.65 billion (approximate) to settle various claims that were put against it in relation with its involvement in false mortgage-backed securities case. A few days after that decision of the court, a federal judge on Thursday made an […]

Citigroup Inc (NYSE:C) Takes Allowance Route To Buck Bonus Cap To Keep Employees In Europe Smiling

Boston, MA 09/02/2014 (wallstreetpr) – Diversified financial services provider Citigroup Inc (NYSE:C) had decided to take the allowance route to buck the limit imposed on bonus by the rulers in the Europe so as to make its employees keep smiling and not worried over the latest law that could tighten their purse. Allowance Increased The […]

Wells Fargo &Co (NYSE:WFC) CEO Swipes Government Backed Agencies Over Unfair Treatment

Boston, MA 08/27/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) push to protect itself from federal authorities has seen it issue a stunning warning stating it would block the issuance of home loans to people with low credit scores. The move is aimed’ at protecting the bank from unnecessary costs that come with soured loans […]

Insider Unloads The Procter & Gamble Company (NYSE:PG)

Boston, MA 08/26/2014 (wallstreetpr) – The Procter & Gamble Company (NYSE:PG), a $226 billion consumer packaged goods company, saw one of its insiders alter their position in the company in a transaction that was completed Monday this week. The company’s president of North America, Melanie Healey, sold more than 14,840 shares in the open market […]

The Blackstone Group L.P. (NYSE:BX) In Talks To Back Asia-Focused Fund

Boston, MA 08/25/2014 (wallstreetpr) – The Blackstone Group L.P. (NYSE:BX), a private equity firm that boasts more than $37 billion in market cap, is reportedly in talks that could see it back a Hong Kong-based hedge fund with a special focus on distressed fund, Bloomberg stated in an article quoting people with insider knowledge. The […]

Buyers Line Up For InterMune Inc (NASDAQ:ITMN) As Shares Jump 14%

Boston, MA 08/14/2014 (wallstreetpr) –Shares of the lung drug developer, InterMune Inc (NASDAQ:ITMN), ended on a positive note on Wednesday, jumping 14.44% to $52.06. All that happened while potential buyers continued to circle the company with buyout agenda. People with insider knowledge have identified a number of European drug companies that include Sanofi and Roche […]