Wells Fargo & Co (NYSE:WFC) Joins Other Banks In Ending Financing For Arctic Oil Project

Wells Fargo & Co (NYSE:WFC) has become the latest major US bank to withdraw its support for financing of oil and gas projects in the Arctic. Wells Fargo will not finance Arctic oil projects The bank joins JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group (NYSE: GS), who have indicated that they won’t […]

Pick Ford Motor Company (NYSE:F), Drop General Motors Company (NYSE:GM): Goldman Sachs Group Inc (NYSE:GS)

Ford Motor Company (NYSE:F) has been doing well since it introduced new truck line some time back. Its continuous good performance has prompted Goldman Sachs Group Inc (NYSE:GS) to place it in ‘Hot Stock’ list. At the same time, GS believes that the momentum of General Motors Company (NYSE:GM) is slowing down with time; hence, […]

Aetna Inc (NYSE:AET) Shows Interest To Acquire Humana Inc (NYSE:HUM)

Aetna Inc (NYSE:AET) has made a proposal to acquire Louisville-based Humana Inc (NYSE:HUM), which is one of the five biggest players in the Insurance Industry of the U.S. Humana offers employment to around 14,000 people. Humana will declare the second quarter results at the end of July 2015. It will wait till that time to […]

Syngenta AG (ADR) (NYSE:SYT) Feel Undervalued, Rejects $45 billion Monsanto Company deal

Syngenta AG (ADR) (NYSE:SYT) rejected a bid from Monsanto Company (NYSE:MON), overtly stating that the offer was such that undervalued the Swiss firm. The offer didn’t quite take regulatory risks into account. A myriad of sources has affirmed that the Swiss firm has been offered a mere $45 billion. About the proposed deal Sources having […]

Oliver Weisberg to Manage Family Office for Alibaba Group Holding Ltd (NYSE:BABA)

Oliver Weisberg, a managing director of Citadel, has quit after nine years. Oliver is currently engaged with a family office for Alibaba Group Holding Ltd (NYSE:BABA) and is helping to run it. Weisberg will leave his job at Citadel at the end of June according to Katie Spring, a Chicago-based spokeswoman for Citadel. There were […]

Micron Technology, Inc. (NASDAQ:MU) Gets Price Target Boost

Boston, MA 11/25/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) is said to be facing dwindling competition in the memory market. A number of analysts have taken note of that opportunity to boost their price target and rating on the stock. In the latest move analysts at Goldman Sachs Group Inc (NYSE:GS) increased their target price on […]

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 […]

Mobileye NV (NYSE:MBLY) Gains on Tesla Motors Inc. (NASDAQ:TSLA)’s CEO Twitter Rant

Boston, MA 10/06/2014 (wallstreetpr) – Mobileye NV (NYSE:MBLY) remains upbeat in the market on speculation that Tesla Motors Inc. (NASDAQ:TSLA) might be planning to unveil a new model this week. A surge of 13% for Mobileye allowed the company to taste high margins that it has never seen since going public. Mobileye NV (NYSE:MBLY) automated-driving technology […]

Corning Incorporated (NYSE:GLW) Strikes Amended Credit Agreement With Financial Institutions

Boston, MA 10/06/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) disclosed that it struck an amended and restated credit deal with the financial institutions. As a result, it would be in a position to have $200 million worth of credit in different currencies like, Dollars, Yen, Sterling and Euros. The latest agreement replaced its earlier deal struck in […]

JPMorgan Chase & Co. (NYSE:JPM) Generates $11.5 Billion From Fixed Income And Advisory Deals In First Half Of Current Year To Top Investment Bank Space

Boston, MA 09/26/2014 (wallstreetpr) – Financial services provider, JPMorgan Chase & Co. (NYSE:JPM) generated more revenues from its fixed income and advisory deals in the first six-month period of the current year compared to its peers. As a result, it ranked top among the investment banking space in the first two quarters. The company has […]

Alibaba Group Holding Ltd (NYSE:BABA) Gave A Blockbuster Performance In IPO; Citizens Financial Group Inc (NYSE:CFG) Failed

Boston, MA 09/25/2014 (wallstreetpr) – Alibaba Group Holding Ltd (NYSE:BABA) was the buzz word recently with its highest ever IPO in the U.S., but when Citizens Financial Group Inc (NYSE:CFG) started trading with highest U.S. bank IPO, it did not gain equal popularity. Despite the fact that more number of people have heard about or […]

Morgan Stanley (NYSE:MS) Trader Joo Quits Playboy Club, Misses Bunnies

Boston, MA 09/23/2014 (wallstreetpr) – According to reports, a Morgan Stanley (NYSE:MS) trader-turned-chef has finally decided to quit her job and start a restaurant. People don’t leave investment banking jobs daily in order to pursue their hobbies as their career, but she has managed to do it eventually. Road so far: Joo, 39 decided to […]

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 […]