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American Apparel Board Open To Letting Charney Stay: Bloomberg By Clip Syndicate Bloomberg is reporting, citing people familiar with the matter, that American Apparel Inc's board is increasingly open to letting its ousted founder, Dov Charney, stay at the company. Bloomberg reported the U.S. retailer is also considering giving Charney a new role. He currently serves as a consultant to the company. American Apparel's shares were up 2.4 percent in extended trading. ...Read More »
Mercer Cuts Ratings On Pimco Funds, More Outflows Could Follow By Clip Syndicate Influential pension consultant Mercer Investment Management has downgraded its ratings on five Pimco funds, possibly triggering another wave of institutional investor outflows from the Newport Beach, California, bond fund manager. ...Read More »
JPMorgan To Face U.S. Class Action In $10 Billion MBS Case By Clip Syndicate A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis. U.S. District Judge Paul Oetken in Manhattan certified a class action as to JPMorgan's liability but not as to damages, saying it was unclear how investors could value the certificates they bought, given how the market was "not particularly liquid. ...Read More »
BNY Mellon To Shut Derivatives Sales, Trading Business: Bloomberg By Clip Syndicate Bloomberg reported Tuesday that Bank of New York Mellon Corp told a group of employees that it is shutting its derivatives sales and trading business. The decision affects about 50 people, almost all in New York, Bloomberg said, citing a person familiar with the matter. Employees were told in a meeting earlier this month to expect changes so that BNY Mellon could focus on its core business of custody and collateral services. ...Read More »
BNY Mellon To Shut Derivatives Sales, Trading Business: Bloomberg By Clip Syndicate Bloomberg reported Tuesday that Bank of New York Mellon Corp told a group of employees that it is shutting its derivatives sales and trading business. The decision affects about 50 people, almost all in New York, Bloomberg said, citing a person familiar with the matter. Employees were told in a meeting earlier this month to expect changes so that BNY Mellon could focus on its core business of custody and collateral services. ...Read More »
Tuesday Sector Leaders: Waste Management, Non-Precious Metals & Non-Metallic Mining Stocks By Clip Syndicate In trading on Tuesday, waste management shares were relative leaders, up on the day by about 0.5%. Leading the group were shares of Quest Resource Holding (QRHC), up about 5% and shares of Heritage Crystal Clean (HCCI) up about 2.1% on the day. ...Read More »
Tuesday Sector Laggards: Agriculture & Farm Products, Oil & Gas Exploration & Production Stocks By Clip Syndicate In trading on Tuesday, agriculture & farm products shares were relative laggards, down on the day by about 2.8%. Helping drag down the group were shares of S&W Seed Company (SANW), down about 18% and shares of Adecoagro (AGRO) down about 1.8% on the day. ...Read More »
News Corp To Buy Move Inc. By Clip Syndicate News Corp on Tuesday said it agreed to buy online real-estate listings business Move Inc. in an all-cash deal valued at about $950 million, expanding the media company's presence in the U.S. real-estate market. News Corp, which owns The Wall Street Journal and Dow Jones Newswires, said it plans to make a $21-a-share tender offer in the next 10 business days. The offer, which has been approved by Move's board, represents a 37% premium to Move's closing stock price on Monday.

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Dow Analyst Moves: IBM By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, International Business Machines (IBM) is the #29 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, IBM claims the #415 spot. ...Read More »
Dow Analyst Moves: IBM By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, International Business Machines (IBM) is the #29 analyst pick. Within the broader S&P 500, when components were ranked in terms of analyst favorites, IBM claims the #415 spot. ...Read More »

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