BK Rips On BBG Report Bank In Works With Goldman To Sell "Melting Ice Cube of Corporate Trust"

Bank of New York Mellon is rumored to be working with $GS to sell its Corporate Trust Unit.  Given the comments in y'day note from Macquarie Capital Securities, it's no wonder the stock is trading much higher on the news:

HESS Sling Thai Assets In-Line With Expectations

HESS ($HES) has been cleaning house and streamlining business segments in-line with their public statements from March 2013 analyst call:

Housing Slop

Bloomberg was just talking about a "housing rebound".

Wunderlich Lowers SIRI PT from $3.80 to $3.50

Wunderlich has reduced their PT on Sirius XM to $3.50 from $3.80

Sterne-Agee on Allergan Hostile Take-Over Fight

Sterne-Agee comments on the Allergan take-over battle and the poison pill I highlighted just last hour:

Allergan Invokes Poison Pill

By now everyone is aware that publicly traded Valeant Pharmaceuticals ($VRX) has teamed up with Bill Ackman to purchase Allergan (a private firm), the Botox producer.  Allergan has a "poison pill" documented from 2012.  Valeant spiked on the news and most of us are aware of Ackmans somewhat skeptical purchasing of options hand over fist:

The Post "Flash Boys" Swelling Of Pro-HFT Bandwagoners

Back in the summer of 2007 when Reg-NMS was complete and in place, there were many keen traders who came out against the then unknown benefits of HFT.  Leading up to 2007, spreads had been tightening as electronic trading enabled market makers to handle the responsibilities more efficiently than they had been when using non-electronic systems. 

Griffin Asset Management

Limited commentary so that the joy of discovery may be all yours.

CSX, INTC Analyst Updates

CSX and INTC among others have updated analyst notes coming from Morningstar this morning.  Of note, CSX tagging weather is more likely believable than many of the other weather related excuses we've heard of from the popular thought-forming cadre.

Diary Of A Phony Hedgeye Manager

I had heard of these guys but I never paid much attention to them.  They always seemed sketch especially once I noticed the Ivy league homoeratica...people like that are all the same.  One of the major issues I have with most Ivy Leaguers is their sense of entitlement and their persona's that radiate the "my shit doesn't stink like yours does" attitude.  Not even close to all Ivy league guys are like that but if I went to Yale, I would do what is possible to distance myself from people like the one's you're about to read about.