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Jan 14, 2016

DealBook P.M. Edition - January 14, 2016: Top Story: JPMorgan's Fourth-Quarter Profit Rises 10%

Thursday, January 14, 2016
The bank's results were better than analysts had predicted.
JPMorgan's Fourth-Quarter Profit Rises 10% Much of the improvement in profit came from continuing cuts to the bank's expenses and work force.

WSJ | Biggest Gainers Closing on January 14, 2016.

The Wall Street Journal Biggest Gainers Closing
Biggest Gainers
4:31 pm ET 01/14/2016

WSJ | Biggest Decliners Closing on January 14, 2016:

The Wall Street Journal Biggest Decliners Closing
Biggest Decliners
4:31 pm ET 01/14/2016

WSJ | Most Actives Closing on January 14, 2016.

The Wall Street Journal Most Actives Closing
Most Active Stocks by Volume
4:31 pm ET 01/14/2016

SEC | Litigation Release - January 14, 2016: Bonan Huang, et al.

SEC Seal


Litigation Release No. 23445 / January 14, 2015

Securities and Exchange Commission v. Bonan Huang, et al., Civil Action No. 2:15-cv-00269 (E.D. Pa.)

SEC Obtains Jury Verdict in Its Favor Against Former Capital One Employee On Insider Trading Charges

NYT | Middle East - January 14, 2016: In Syrian Town Cut Off From the World, Glimpses of Deprivation

In Syrian Town Cut Off From the World, Glimpses of Deprivation

Anne Barnard and Hwaida Saad
Residents of the besieged town of Madaya, Syria, prepared to leave on Monday. Associated Press
BEIRUT, Lebanon — Nisrine kept teaching school for months as the siege tightened around the Syrian town of Madaya, but had to give up a few weeks ago when her students got too weak from starvation to walk to class. A local medic has been surviving on the rehydration salts he gives patients, while a business school graduate makes soup from grass for his 70-year-old father, consulting shepherds about which ones their long-since-slaughtered flocks liked best.

SEC Press Release - January 14, 2016: SEC Charges Goldman Sachs With Improper Securities Lending Practices.

SEC Seal

The Securities and Exchange Commission today announced that Goldman, Sachs & Co. has agreed to pay $15 million to settle charges that its securities lending practices violated federal regulations.

Federal Reserve Bank of New York Org.- Agency MBS Transaction Summary - January 14, 2016.

CMI Spot Prices as of Close of Trading in New York on January 14, 2016.

CMI Gold & Sliver

Spot Prices as of traditional New York closing times

Thursday, January 14, 2016


Wall Street at Close Report by CNBC on January 14, 2016: Dow Closes Up More Than 200 as Energy Bounces
Evelyn Cheng
U.S. stocks closed higher Thursday, stabilizing after a steep sell-off, helped by some recovery in oil prices and comments from Fed policymakers that indicated possibility of an even more gradual pace of tightening.

SEC Press Release - January 14, 2016: SEC Charges State Street for Pay-to-Play Scheme.

SEC Seal

The Securities and Exchange Commission today announced that State Street Bank and Trust Company agreed to pay $12 million to settle charges that it conducted a pay-to-play scheme through its then-senior vice president and a hired lobbyist to win contracts to service Ohio pension funds.

GATA | THE GATA DISPATCH - January 14, 2016Keith Barron: Hyperinflation, Yes, But Not Where We Expected

Submitted by cpowell on January 14, 2016January 14, 2015

Mining entrepreneur Keith Barron notes this week that asset hyperinflation is everywhere except in the monetary metals, circumstances he attributes to manipulation of those markets by central banks and their agent bullion banks.

ESA | Commerce Data Service - January 14, 2016:: Software Vulnerabilities and The Impact on Our Lives - January 14, 2016.

ESA Overlay Banner

Editor's Note: The newly launched Commerce Data Service is working with the 12 bureaus that make up the Commerce Department to identify opportunities to maximize their data to better serve the public. Among the Service's priorities is developing data visualizations that simply and effectively explain complex data sets.

GATA | THE GATA DISPATCH - January 14, 2016: Alasdair Macleod: Austrians Get (some) Mainstream Credibility.


Bits | The Business of Technology - January 14, 2016: Tech Earnings Season Begins With a Warning

The New York Times
Thursday, January 14, 2016

Daily Report
Tech Earnings Season Begins With a Warning | The tech earnings season got off to a rocky start on Wednesday with the surprise warning from GoPro, the maker of action cameras, that its quarterly results would be lower than expected by Wall Street analysts and that it had cut about 7 percent of its work force. A top executive also

EXIM Bank Releases its FY 2015 Annual Report - January 14, 2016.

Media Contact:  Lawton King (202-565-3200)
For Immediate Release: Thursday, January 14, 2016
EXIM Bank Releases its FY 2015 Annual Report

Report Shows that Over $430 Million Generated For American Taxpayers Last Year; 109,000 American Jobs Supported

European Markets at Close Report by CNBC on January 14, 2016: Europe Ends Down 1.4% Despite Oil Rise; Renault Falls 10.3%

Alexandra Gibbs, Arjun Kharpal, Holly Ellyatt
European markets finished sharply lower on Thursday, as corporate earnings weighed on sentiment and investors struggled to find solace in the oil price pick up.

The Next News Network: Gerald celente Just Destroyed Obama's State of The Union Address with 7, Shocking Words: Originally Published on January 13, 2016.


The Next News Network

Published on Jan 13, 2016
Sub for more: | Notorious trends forecaster, Gerald Celente, joins Gary Franchi on the Next News Network to slice and dice the rhetoric spewed from Obama's pie hole during his final State of the Union Address.

Subscribe to the channel for updates. Please distribute this to your social networks, and as always we welcome your input in the comments below.

The Guardian | World | Indonesia: Isis Blamed as Seven Dead in Jakarta Gun and Bomb Attacks.

Oliver Holmes
Up to seven blasts and multiple gunfights hit the Indonesian capital Jakarta on Thursday in an apparently coordinated attack police and an Isis-linked news agency attributed to the terror group.
The attacks left seven people dead – a police officer and a Canadian man, along with five attackers. Seventeen people, including a Dutch man, were wounded. It took security forces about three hours to end the siege near a Starbucks cafe and Sarinah’s, Jakarta’s oldest department store, after a team of around seven militants traded gunfire with police and blew themselves up.

U.S. Stock Market Future Indications Update by MarketWatch - January 14, 2016: U.S. Stock Futures Point to Gains as Market Tries to Shake Off Fear.
Barbara Kollmeyer
U.S. stock futures were pointing to gains Thursday, a day after major indexes suffered the biggest losses in three months.
One of the early gains comes from J.P. Morgan Chase & Co., whose shares rose more than 1% after the Wall Street giant’s earnings surpassed analysts expectations.

Reuters | Deals - January 14, 2016: Anaplan Raises $90 Million as Latest U.S. Tech Company to Close Venture Capital Deal.

By Heather Somerville
SAN FRANCISCO Cloud software company Anaplan on Thursday became the latest tech firm to close a sizeable funding round in what is shaping up to be a busy month for venture capital financing.Anaplan, which provides planning software for businesses, has raised $90 million in new financing, pushing the company's valuation to $1.09 billion, Chief Executive Officer Frederic Laluyaux said in an interview.
Indian firm Premji Invest led the investment, and Anaplan's previous investors also joined. The company has raised a total of $240 million.
Anaplan was not alone. App analytics startup App Annie, which provides data on mobile apps such as downloads and sales, said on Thursday it closed a $63 million funding round led by Greenspring Associates.
And, data intelligence platform Looker also announced on Thursday it raised $48 million from venture firm Kleiner Perkins Caufield & Byers.
Venture-backed companies globally have closed financing deals totaling nearly $4.8 billion since Jan. 1, according to venture capital and angel investing database CB Insights.
Top deals this year include ride-hailing company Lyft's $752 million round, travel search site Skyscanner's $192 million raise, and Flatiron Health, a healthcare technology company that closed $175 million, according to CB Insights.
Anaplan said its next financing event will be an initial public offering. Laluyaux did not offer a specific timeline for an IPO, but the company hired James Budge this month as chief financial officer. He will help lead IPO preparations.
"What we want is to be in a position to go IPO whenever we feel that the timing and markets are right," Laluyaux said. "Right now the market is tough."
The public stock market plunges and excessive valuations in the private market have rattled nerves throughout the venture capital community.
Despite exceeding its funding goal by $15 million, Anaplan said investors are demanding more from startups - that they show more progress toward profitability - and are increasingly cautious about valuations.
"There is no question it is more difficult to raise funds," Budge said.
San Francisco-based Anaplan said it is not profitable. It has more than 400 customers across about 20 countries, including Hewlett-Packard, Motorola and DocuSign.
Despite any market unrest, venture capital firms are still flush with capital to deploy, with U.S.-based firms raising $5 billion just in the fourth quarter last year, according to the National Venture Capital Association.
Venture firm TrueBridge Capital Partners on Wednesday announced a new $400 million fund to invest in early-stage tech companies.
(Reporting by Heather Somerville; Editing by Lisa Shumaker)

NYT | First Draft on Politics on January 14, 2016: Seven Potential Battle Lines to Converge in Republican Debate.

Thursday, January 14, 2016

The New York Times »

The New York Times

Thursday, January 14, 2016

Crew members preparing the stage for Thursday’s Republican debate in North Charleston, S.C.
Crew members preparing the stage for Thursday’s Republican debate in North Charleston, S.C. Randall Hill/Reuters
Seven Potential Battle Lines to Converge in Republican Debate

WSJ | Major Indexes and Forex Closing on January 13, 2016.

The Wall Street Journal Major Indexes Closing
Major Indexes 5:45 p.m. EST 01/13/16

U.S. Stock Market Future Indications - January 14, 2016: Wall Street Eyes Cautious Start After Vicious Meltdown; J.P. Morgan to Report
Barbara Kollmeyer
Wall Street was struggling to find its footing on Thursday, a day after major indexes suffered the biggest losses in three months, as global growth worries continued to cast a pall.

DealBook Today's Top Headlines - January 14, 2016: North Korea, a New Frontier For a Darewl Investor.

Thursday, January 14, 2016
NORTH KOREA, A NEW FRONTIER FOR A DAREDEVIL INVESTOR Not satisfied with searching for oil in Somalia and suing the world's smallest republic, James Passin, a hedge fund manager at Firebird Management, is making a bet on North Korea,

The Guardian | Business | Markets - January 14, 2016: Markets Slide After Oil Falls Through $30: Pound Hits One-Year Low Against The Euro.

Thursday 14 January 2016

Graeme Wearden

Pound hits one-year low against the euro

Bloomberg View - January 14, 2016: Why Can't Economists Be Trusted? Ask an Economist.
Victoria Bateman
The market volatility at the start of 2016 raises a question that has lingered since the global financial crisis: Can economists be trusted? Ever since 2008, economists have come under attack for being out of touch, including by Her Majesty the Queen, who wondered how they could have been so mistaken.
Eight years on, there is still no profession more in need of a few changes. So here is my own five-point plan for how we economists can bring about a revitalized, more relevant, profession.

Asian Markets at Close Report by MarketWatch on January 14, 2016: Asian Markets Regain Footing as Asian Markets Drop

China stocks regain footing as Asian markets drop

Chao Deng 
China shares flirted with bear-market territory but regained their footing Thursday, in a volatile session that deepened losses across the region.
The Shanghai Composite Index SHCOMP, +1.97%  rose 2% to 3,007.65 after falling as much as 2.8% in earlier trading, when the benchmark breached its lows from last summer’s crash.