UBS AG (NYSE:UBS) Money Laundering Allegations Could Trigger $6.3 Billion Penalty

Boston, MA 10/08/2014 (wallstreetpr) – Switzerland largest bank by asset UBS AG (NYSE:UBS) is under probe in France on allegations it aided wealthy French Nationals in evading paying taxes. If found guilty, the bank could incur a penalty of up to $6.3 billion. The bank has already been forced to hand over details of about 100 […]

RadioShack Corporation (NYSE:RSH) Restructuring Business To Avert Bankruptcy

Boston, MA 09/11/2014 (wallstreetpr) – RadioShack Corporation (NYSE:RSH) might be surrounded by bankruptcy clouds, but it is receiving advises from Jones Day restructuring attorney, David Heiman to shake hands with creditors and convince them to close its few stores. People associated with this news, in an interview with Reuters, said that the advice of closing […]

PennantPark Investment Corp. (NASDAQ:PNNT) Stock Offering Fails to Spark rally in the Market

Boston, MA 09/08/2014 (wallstreetpr) – PennantPark Investment Corp. (NASDAQ:PNNT) announcement that it is set to carry out a public offering of its stock failed to spark a rally in the market on Friday trading session. The stock slumped by 3.79% closing the week on a low of $11.41. MarketWatch reports that the company has entered into […]

Aruba Networks, Inc. (NASDAQ:ARUN) Upgraded at UBS

Boston, MA 08/27/2014 (wallstreetpr) – Aruba Networks, Inc. (NASDAQ:ARUN), a $2.3 billion company whose shares are up more than 25% over the past 12 months, was upgraded at UBS AG (NYSE:UBS). The analysts moved after the company posted 4Q2014 results that showed improvement from a year earlier and also surpassed consensus estimates. Following Tuesday’s positive […]

Bank Of America Corp (NYSE:BAC) And Others Get Enforcement Letters From Regulators In Foreign Exchange Markets Manipulation Probe

Boston, MA 08/14/2014 (wallstreetpr) – Various banks including JPMorgan Chase & Co. (NYSE:JPM), Morgan Stanley (NYSE:MS) and Bank of America Corp (NYSE:BAC) have been issued notification from the regulators in context with the alleged currency rigging. The regulators are in process of preparing enforcement actions on activities associated with currency rigging.  It has been alleged that […]

UBS AG (NYSE:UBS) Takes #1 Position As The World’s Largest Private Bank After Displacing The Bank Of America Corp (NYSE:BAC)

Boston, MA 07/17/2014 (wallstreetpr) – UBS AG (NYSE:UBS) reinforced its position as a leader in the market over Bank of America Corp (NYSE:BAC) as the world’s leading private bank. It is also worth noticing that this is just within the distance of whooping $2 trillion, according to a study conducted by Scorpio Partnership. Interesting Findings […]

Wall Street Update: Micron Technology, Inc. (NASDAQ:MU), Rite Aid Corporation (NYSE:RAD), UBS AG (NYSE:UBS)

Boston, MA 06/02/2014 (wallstreetpr) – Micron Technology, Inc. (NASDAQ:MU) got a boost last week from analysts at UBS, who raised their price target on the chipmaker and reiterated a favorable recommendation on the stock. The analysts increased their price target on the stock modestly to $32 per share from $30 and maintained a “buy” rating on […]

UBS AG (NYSE:UBS) Hopes New Tougher Regulatory Measures Won’t Go Through

Boston, MA 11/05/2013 (wallstreetpr) –  UBS AG (NYSE:UBS) is the Swiss largest bank and together with its Swiss peers the bank is facing regulatory measures that could put it a competitive disadvantage against global rivals. The bank now has to do all that it can to convince domestic regulators that while avoiding a repeat of […]

Western Refining, Inc. (NYSE:WNR) downgraded once again, this time by Wells Fargo – UBS

Boston, MA 07/09/2013 (wallstreetpr) – Western Refining, Inc. (NYSE:WNR), a crude oil refiner and marketer of refined products was downgraded once again. This downgrade to “Market perform” from “Outperform” by Wells Fargo (NYSE:WFC) is the latest in a string of downgrades the stock experienced the last few weeks. The valuation range has been readjusted to between […]