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Sep 19, 2014

FRB of NY | Press Release - September 19, 2014: Tentative Outright Agency Mortgage-Backed Securities Operation Schedule.



Tentative Outright Agency Mortgage-Backed Securities Operation Schedule
The Desk's tentative operations schedules associated with outright purchases of agency mortgage-backed securities (MBS) securities as announced by the Federal Open Market Committee.


The Desk plans to purchase a maximum of $8.4 billion in agency MBS over the week beginning September 22, 2014 on FedTrade.
The next release of the tentative agency MBS operation schedule will be at 12 PM on Friday, September 26, 2014 for the week of September 29, 2014 through October 3, 2014.

FTC | Press Release - September 19, 2014: FTC Approves Final Order Preserving Future Competition in Generic Injectable Tuberculosis Drug Market.

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Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Akorn, Inc.’s acquisition of VersaPharm Inc. and its parent company, VPI Holdings Corp., would have likely been anticompetitive.
Under the order, first announced in August 2014, Akorn is required to divest its Abbreviated New Drug Application for generic injectable rifampin – which is currently pending before the Food and Drug Administration – to Watson Laboratories, Inc.
According to the FTC’s complaint, only VersaPharm and two other firms currently have FDA approval to sell generic injectable rifampin. There are no viable substitutes for rifampin as a course of treatment for tuberculosis. The FTC alleged that if Akorn had consummated its acquisition of VersaPharm as originally proposed, the combined company would have been likely to delay or cancel the introduction of Akorn’s generic injectable rifampin.
The Commission vote approving the final order was 5-0. (FTC File No. 1410162; the staff contact Jasmine Y. Rosner, Bureau of Competition, 202-326-3558)
The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust{at}ftc{dot}gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Ave., NW, Room CC-5422, Washington, DC 20580. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC onFacebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.
MEDIA CONTACT:
Betsy Lordan
Office of Public Affairs
202-326-3707

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FRB of NY | Press Release - September 19, 2014: Operating Policy: Statement to Revise the Time of Day of the Overnight Reverse Repurchase Agreement Operation for September 30, 2014


OPERATING POLICY
Statement to Revise the Time of Day of the Overnight Reverse Repurchase Agreement Operation for September 30, 2014
September 19, 2014
As noted in the September 17, 2014, Statement to Revise the Terms of the Overnight Reverse Repurchase Agreement Operational Exercise, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York (New York Fed) has been working internally and with market participants on operational aspects of tri-party reverse repurchase agreements (RRPs) to ensure that this tool will be ready to support the monetary policy objectives of the Federal Open Market Committee (FOMC). 
Regarding the operation to be conducted on Tuesday, September 30, 2014, the Desk will conduct the operation several hours earlier than usual, from 8:00 to 8:30 a.m. (Eastern Time).  All other terms of the exercise will remain the same.
This change only applies to the operation conducted on September 30, 2014. The operations conducted from Monday, September 22, to Monday, September 29, and those conducted on and after Wednesday, October 1, will be conducted at the previous time of 12:45 to 1:15 p.m.  Any future changes to these operations will be announced with at least one business day’s prior notice on the New York Fed’s website.
As an operational readiness exercise, this work is a matter of prudent advance planning by the Federal Reserve. These operations do not represent a change in the stance of monetary policy, and no inference should be drawn about the timing of any change in the stance of monetary policy in the future.

DealBook | P.M. Edition - September 19, 2014: Live Blog: Alibaba's Shares Close Up 38% on First Day of Trading.

For the latest updates, go to dealbook.nytimes.com »
FRIDAY, SEPTEMBER 19, 2014
TOP STORY
Live Blog: Alibaba's Shares Close Up 38% on First Day of TradingThe Alibaba Group, the e-commerce behemoth in China, makes a splashy debut to close the day up 38 percent from its I.P.O. price of $68 a share.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Note to self:
Man Pleads Guilty to Passing Tips in 'Post-it' Insider Trading Ring A former mortgage broker admitted on Friday to being the glue that held together an insider ring that involved sharing information about corporate deals at restaurants and Grand Central Station.
The sign outside Citigroup Center in Manhattan.
Court Dismisses Citibank Appeal in Argentina CaseCitigroup's next step is to go return to Federal District Court to argue that the court's order preventing it from paying Argentine bondholders leaves it facing severe sanctions from Argentina.
Larry Ellison announced on Thursday that he was stepping down as chief executive of Oracle.
Reuters Breakingviews: Larry Ellison Keeps a Hand on the Wheel at Oracle Mr. Ellison's 25 percent stake in the company - and dual role as chairman and chief technology officer - ensure he's far from relinquishing control.
British Food Delivery Giant Forms Joint Venture in Brazil Just Eat, which has been expanding globally, has agreed to merge its Brazil operations with iFood, owned by the mobile company Movile in São Paulo.
Life@Work: Putting Soul Back Into Business A new book offers suggestions on how organizations can reinvent themselves, and a first step is putting trust in employees, Tony Schwartz writes in the Life@Work column.
Chemical Maker Arkema in Talks to Buy Total's Adhesive UnitTotal, the French oil giant, has agreed to enter exclusive talks to sell its Bostik business to Arkema, which was spun out of Total in 2006. The bid values the unit at about $2.2 billion.
Russian Steelmaker Evraz Considers I.P.O. of North American Unit Russian's largest steelmaker said it may file a registration statement to begin the offering process "in the foreseeable future" for its North American business.
The headquarters of GVT, Vivendi's Brazilian telecommunications unit, in Curitiba.
Vivendi Picks Telefónica in $9.3 Billion Deal for Brazilian Telecom Unit The agreement follows a battle between Telefónica and its European rival Telecom Italia, which both put forward competing bids last month for the Vivendi unit, Global Village Telecom.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Most Actives Closing September 19, 2014.

Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 09/19/2014
NYSE
ISSUEVOLUMEPRICECHG% CHG
Alibaba Group Holding ADS (BABA)270,885,046$93.8925.8938.07
Rite Aid (RAD)88,668,6895.35-0.06-1.11
Bank of America (BAC)85,793,30016.95-0.09-0.53
Oracle (ORCL)82,579,48439.80-1.75-4.21
Coca-Cola (KO)43,897,97342.050.260.62
General Electric (GE)36,675,15526.290.080.31
Twitter (TWTR)36,334,85753.002.124.17
Ford Motor (F)33,422,15016.650.070.42
Vale ADS (VALE)33,030,77812.00-0.32-2.60
Nokia ADS (NOK)32,500,3638.640.010.12
Pfizer (PFE)32,098,71430.40-0.18-0.59
Peabody Energy (BTU)31,165,23213.29-0.20-1.48
Verizon Communications (VZ)29,971,72350.350.661.33
J.C. Penney (JCP)28,931,10210.23-0.54-5.01
Ambev ADS (ABEV)28,300,8546.910.091.32
Morgan Stanley (MS)27,204,01735.76-0.37-1.02
Petroleo Brasileiro ADS (PBR)25,258,19316.78-0.31-1.81
Sprint (S)24,528,1646.880.030.44
EMC (EMC)21,667,91829.53-0.19-0.64
Citigroup (C)21,549,81953.48-0.18-0.34
Wells Fargo (WFC)21,446,12153.360.120.23
Advanced Micro Devices (AMD)21,236,8923.81-0.07-1.80
SeaDrill (SDRL)20,548,16928.26-2.09-6.89
AT&T (T)20,482,39135.470.310.88
General Growth Properties (GGP)19,941,37923.91-0.06-0.25
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Yahoo! (YHOO)231,102,706$40.93-1.16-2.74
Microsoft (MSFT)136,586,12847.520.841.80
Sirius XM Holdings (SIRI)68,610,4923.57-0.06-1.79
Apple (AAPL)63,125,491100.96-0.83-0.82
Facebook Cl A (FB)56,106,15677.910.811.05
PowerShares QQQ Trust Series 1 (QQQ)43,888,12899.98-0.06-0.06
Intel (INTC)42,523,87134.82-0.35-1.00
Cisco Systems (CSCO)41,291,31925.20-0.02-0.08
Concur Technologies (CNQR)23,512,225126.8219.0217.64
Micron Technology (MU)23,167,18031.63-0.85-2.62
21st Century Fox Cl A (FOXA)21,519,05835.150.240.69
Zynga (ZNGA)20,013,9403.06-0.02-0.65
Groupon (GRPN)19,451,1306.970.081.16
Comcast Cl A (CMCSA)19,325,96856.74-0.11-0.19
Gilead Sciences (GILD)18,377,811105.960.180.17
NII Holdings (NIHD)18,021,0530.07-0.04-33.33
eBay (EBAY)17,261,89752.40-0.27-0.51
JetBlue Airways (JBLU)14,648,90311.360.030.26
GT Advanced Technologies (GTAT)14,321,28611.16-0.45-3.92
American Airlines Group (AAL)13,960,32236.63-1.42-3.73
VelocityShares Daily 2x VIX Short Term ETN (TVIX)13,725,0682.56-0.01-0.39
TIBCO Software (TIBX)13,670,18519.36-1.43-6.88
Arena Pharmaceuticals (ARNA)13,657,2934.16-0.11-2.58
Qualcomm (QCOM)13,302,80275.53-0.91-1.19
Avanir Pharmaceuticals Cl A (AVNR)13,284,04711.04-0.64-5.48
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
SPDR S&P 500 ETF Trust (SPY)107,216,391$200.70-1.12-0.55
iShares MSCI Emerging Markets ETF (EEM)76,881,07443.46-0.33-0.75
Select Sector SPDR-Financial (XLF)49,537,16123.65-0.16-0.67
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)48,126,67122.66-0.47-2.03
iShares Russell 2000 ETF (IWM)47,934,745113.97-1.46-1.26
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)30,102,87927.230.030.11
iShares China Large-Cap ETF (FXI)25,216,93339.87-0.41-1.03
iShares MSCI Japan ETF (EWJ)25,071,07211.810.020.17
iShares MSCI Brazil Capped ETF (EWZ)24,445,69047.75-0.62-1.28
Direxion Daily Small Cap Bear 3x Shares (TZA)21,086,76415.150.543.70
iShares Silver Trust (SLV)20,557,35617.19-0.58-3.26
iShares U.S. Real Estate ETF (IYR)12,417,76370.950.040.06
Select Sector SPDR-Technology (XLK)12,273,98240.34-0.26-0.64
ProShares Ultra VIX Short-Term Futures ETF (UVXY)11,317,02722.960.070.31
Market Vectors Junior Gold Minets ETF (GDXJ)11,188,64536.34-1.34-3.56
SPDR Gold Trust (GLD)10,771,380117.09-0.69-0.59
iShares 20+ Year Treasury Bond ETF (TLT)10,704,071114.601.441.27
iShares MSCI EAFE ETF (EFA)10,429,34465.97-0.23-0.35
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)10,326,6794.290.215.27
Vanguard FTSE Emerging Markets ETF (VWO)9,491,23543.97-0.33-0.74
Select Sector SPDR-Utilities (XLU)9,450,41142.540.000.00
SPDR Dow Jones Industrial Average ETF Trust (DIA)9,151,332172.450.250.15
Select Sector SPDR-Industrial (XLI)8,959,25554.43-0.31-0.57
Select Sector SPDR-Energy (XLE)8,710,46093.79-0.56-0.59
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)8,134,77613.85-0.81-5.53
 
Composite
ISSUEVOLUMEPRICECHG% CHG
Alibaba Group Holding ADS (BABA)270,885,046$93.8925.8938.07
Yahoo! (YHOO)231,102,70640.93-1.16-2.74
Microsoft (MSFT)136,586,12847.520.841.80
SPDR S&P 500 ETF Trust (SPY)107,216,391200.70-1.12-0.55
Rite Aid (RAD)88,668,6895.35-0.06-1.11
Bank of America (BAC)85,793,30016.95-0.09-0.53
Oracle (ORCL)82,579,48439.80-1.75-4.21
iShares MSCI Emerging Markets ETF (EEM)76,881,07443.46-0.33-0.75
Sirius XM Holdings (SIRI)68,610,4923.57-0.06-1.79
Apple (AAPL)63,125,491100.96-0.83-0.82
Facebook Cl A (FB)56,106,15677.910.811.05
Select Sector SPDR-Financial (XLF)49,537,16123.65-0.16-0.67
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)48,126,67122.66-0.47-2.03
iShares Russell 2000 ETF (IWM)47,934,745113.97-1.46-1.26
Coca-Cola (KO)43,897,97342.050.260.62
PowerShares QQQ Trust Series 1 (QQQ)43,888,12899.98-0.06-0.06
Intel (INTC)42,523,87134.82-0.35-1.00
Cisco Systems (CSCO)41,291,31925.20-0.02-0.08
General Electric (GE)36,675,15526.290.080.31
Twitter (TWTR)36,334,85753.002.124.17
Ford Motor (F)33,422,15016.650.070.42
Vale ADS (VALE)33,030,77812.00-0.32-2.60
Nokia ADS (NOK)32,500,3638.640.010.12
Pfizer (PFE)32,098,71430.40-0.18-0.59
Peabody Energy (BTU)31,165,23213.29-0.20-1.48
 
See All Most Actives
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS
x - stock is trading ex-dividend
Source: WSJ Market Data Group