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5/23/2013 1:35 PM ET
[BRIEFING.COM][BRIEFING.COM] The major averages hover near their recent levels with the S&P 500 leading to the downside (-0.6%). The Dow and Nasdaq trade ahead of the benchmark average, but the two indices have returned into the red after making a brief appearance...[more]
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UPDATE: Dissident Holder First Manhattan Adds Three to Vivus Board Slate 2:03PM ET - Dow Jones Business News
California Exchange May Have Lower Health Insurance Premiums Than Expected 2:01PM ET - Dow Jones Business News
Hovnanian Enterprises Announces Second Quarter Fiscal Year 2013 Earnings Release and Conference Cal 2:00PM ET - GlobeNewswire
Goldman Say-on-Pay Measure Approved 1:55PM ET - Dow Jones Business News
AT&T Imposes New Monthly Administrative Fee for Wireless Users 1:54PM ET - Dow Jones Business News
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- 2:09 PM "We think the impact will be between €5B and €10B," the Bank of Spain tells FT, in the first official estimate of the additional provisions Spain's banks will need to take against bad loans as the government prepares to do away with " extend and pretend." Although the extra provisioning will no doubt weigh on results, expectations are that Banco Santander ([[SAN]] -0.2%) and [[BBVA]] +1.86% will have no trouble absorbing the hit, though it isn't clear that the same can be said of smaller banks.
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