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Posts Tagged ‘ Deutsche Bank ’

Bank of Ireland Upgraded To ‘Hold’ By Deutsche Bank

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June 19, 2013
TEST6Deutsche Bank logo

Analysts at Deutsche Bank AG (NYSE:DB) (FRA:DBK) (ETR:DBK) Markets Research upgraded their rating for shares of Bank of Ireland (ADR) (NYSE:IRE) to hold and raised their price target to 15.4c. The analysts previously issued a sell recommendation with 14.9c price target. Deutsche Bank Analysts Changed Their Stock Recommendation Deutsche Bank AG (NYSE:DB) (FRA:DBK) (ETR:DBK) analysts David Lock & Jason Napier changed their recommendation for the stock of Bank of Ireland (ADR) (NYSE:IRE) because the Irish stress test has been...
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Alcatel Lucent Jumps On Massive Restructuring

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June 19, 2013
TEST6Alcatel Lucent logo

Alcatel Lucent SA (NYSE:ALU) (EPA:ALU) (BIT:ALU) shares surged today after the company’s newly appointed CEO unveiled a cost cutting and asset sale package. Alcatel Lucent chief Michel Combes plans to raise as much as 2 billion euros ($2.7 billion) by the end of 2015. Combes said he will rework the company’s balance sheet and focus on its core businesses to make Alcatel Lucent cash flow positive by 2015. Michel Combes is a former Vodafone Group PLC (NASDAQ:VOD)...
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Deutsche Bank Scores Poorly On Leverage Ratio Front

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June 17, 2013
TEST6Deutsche Bank logo

Deutsche Bank AG (NYSE:DB) (ETR:DBK)  tops the list of poorly capitalized banks from leverage ratio perspective, according to a top U.S. banking regulator. “Deutsche Bank is horribly undercapitalized” remarked Federal Deposit Insurance Corporation Vice Chairman Thomas Hoening, in an interview. Emily Stephenson and Douwe Miedema of Reuters in their report indicated that Deutsche Bank AG (NYSE:DB) (ETR:DBK) raised 5 billion euros ($6.67 billion) in new debt and equity to boost its core capital ratio to around 9.5 percent....
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Groupon Inc (GRPN) Still Has A Long Way To Go

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June 17, 2013
TEST6groupon logo

The fortune seems to changing for Groupon Inc (NASDAQ:GRPN).  The company that was on the brink of collapse not so long ago and has been widely criticized for its massive marketing budget and lack of strategy is on the rebound lately. On Friday, after a report from Deutsche Bank AG (NYSE:DB) (FRA:DBK) (ETR:DBK) gave a buy rating, the shares of the company jumped 12 percent, which is three times its all-time low last November. The...
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Health Management Associates Asked To Remove Poison Pill

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June 14, 2013
TEST6Health Management

Speculations regarding the possible takeover of Health Management Associates Inc (NYSE:HMA) are growing since the company suddenly announced the retirement of its chief executive officer Gary Newsome, effective July 31. He is leaving the company in order to lead a religious mission in South Africa. Glenview Capital Ignited the Speculations For Health Management An article published by Julie Creswell and Reed Abelson of New York Times DealBook cited that Glenview Capital, the largest shareholder of...
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Rio Tinto Aims to Sell Michigan’s Eagle Nickel and Copper Project To Raise More Funds

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June 14, 2013
TEST6Rio Tinto

Rio Tinto plc (NYSE:RIO) (LON:RIO) has reached an agreement with Lundin Mining to sell its Eagle nickel and copper project in Michigan for $325 million. The transaction is expected to close in the third quarter this year and is subject to regulatory approvals. The company has already put up for sale its majority stakes in the Northparkes copper mine in Australia, the Iron Ore Company of Canada and Coal & Allied in Australia. This is in...
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SEC Honors Three Individuals With Whistleblower Award

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June 14, 2013
TEST6SEC

The Securities and Exchange Commission presented the second-ever Whistleblower Award to three individuals under the Dodd-Frank Act. Without naming the whistleblowers, SEC issued an order Wednesday saying that each of the three whistleblowers will receive 5 percent of funds the regulator will collect from enforcement action against Locust Offshore Management LLC and its CEO Andrey C. Hicks. The hedge fund’s chief Andrey C. Hicks has pleaded guilty of criminal fraud charges. He has been sentenced to 40...
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India’s Apollo Tyres To Acquire U.S-based Cooper Tire

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June 12, 2013
TEST6apollo

Apollo Tyres Limited (BOM:500877), one of the leading Indian tyre manufacturers, announced on Wednesday plans to acquire the Cooper Tire & Rubber Company (NYSE:CTB) in an all cash deal for $2.5 billion. In October, Economic Times of India reported that the two companies are in talks. The deal will result in the seventh-largest tyre company in the world with sales totaling to $6.6 billion. Terms of the deal As per the terms of the...
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Traders Reportedly Rigged Forex Rates

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June 12, 2013
TEST6Traders Reportedly Rigged Forex Rates

Traders at some of the world’s leading banks have reportedly engaged in manipulative practices to rig forex rates, according to a Bloomberg report. Quoting five people having knowledge of the foreign-exchange market practice, Lim Vaughan, Gavin Finch and Ambereen Choudhury of  Bloomberg reports the banks’ employees have been accused of rigging WM/Reuters rates before and during the 60-second windows when the benchmarks are set. Forex Rates According to the report, dealers colluded with counterparts...
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Coca-Cola Enterprises Shares Fall After Dim Outlook

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June 11, 2013
TEST6Coca-Cola Enterprises

Coca-Cola Enterprises Inc (NYSE:CCE) shares were down after the bottling firm lowered their second quarter outlook. Management warned that the continuing financial crisis in Europe, bad weather, a hike in the excise tax in France and intensifying competition in Britain are responsible for a dampened outlook. Shares Down In the morning trade on the New York Stock Exchange stocks of the European bottling firm were down 3 percent to $36.06. On Monday, shares closed...
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SEC’s New Chief Counsel Tangled In Whistleblower Case

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June 10, 2013
TEST6SEC

The Securities and Exchange Commission (SEC) chairman’s new chief counsel Robert Rice is entangled in a whistleblower’s case brought up by his ex-colleague at Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB). His colleague Eric Ben-Artzi claimed that he was fired by Robert Rice for blowing the whistle on a fraud. Eric Ben-Artzi alleged that Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) misrepresented the value of credit derivatives on its books between 2007 and 2010, hiding as much as $12...
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