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Aon Borrows $2.5B for Hewitt Deal - Analyst Blog
Tuesday, August 17, 2010 - 10:43am | 854Moving ahead with its latest deal, Aon Corp. (AON) is arranging funds for the acquisition of Hewitt Associates Inc. (HEW) through some credit agreements with a financial syndicate, which are estimated to be worth approximately $2.5 billion. The deal is scheduled to close by mid-November....
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Berkshire Hathaway & Buffett’s Latest Stock Holdings ‘S to Z’ (BRK-B, BRK-A, SNY, TIF, TMK, USB, USG, UPS, WMT, WPO, WFC, WSC)
Tuesday, August 17, 2010 - 7:40am | 191Berkshire Hathaway Inc. (NYSE: BRK-B) has shown its latest holdings as of the close on June 30, 2010. These have been broken down into 3 groups of ‘A to G’ and ‘H to R’ and ‘S to Z’ so it is more concise and clear to see the path of changes etc. Here are Warren Buffett’s holdings and accompanying...
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Banco de Chile - Growth & Income
Tuesday, August 17, 2010 - 7:18am | 681Banco de Chile (BCH) is expected to grow its earnings by 46.5% in 2010 as Chile's economy strengthens. Banco de Chile is Chile's largest bank. Founded in 1893, several big mergers in the last decade have pushed the bank to its current size with over 398 branches and 1500 ATMs. It operates on both a...
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Fidelity in Deal with Bradesco - Analyst Blog
Tuesday, August 17, 2010 - 12:24am | 895Electronic payment processor, Fidelity National Information Services Inc. (FIS) announced the signing of a deal or a memorandum of understanding (MOU) with Banco Bradesco (BBD), a Brazilian card processing bank. Under the 10-year deal, Fidelity Processadora e Servicos S.A (FPS), Fidelity’s Brazil-...
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Money Center Banks=Dead Money Over Last Year (JPM, C, WFC, BAC)
Monday, August 16, 2010 - 7:13pm | 167I decided to look at the share price performance of the big banks during the past year. The result: The big money center banks have been dead money over the last 52 weeks. If you purchased shares of JP Morgan (NYSE: JPM) during the middle of August last year you return would be -7.50% as of the...
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BP To Use Angola, Azerbaijan Oil To Back Spill Fund
Monday, August 16, 2010 - 3:11pm | 146BP (NYSE: BP), Europe's second-largest oil company by market cap, said it will use oil sales in Angola and Azerbaijan to back $5 billion of loans to go toward the $20 billion compensation fund for victims of the Gulf of Mexico oil spill. The company is borrowing $3 billion against Angolan oil...
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MakeMyTrip (MMYT) - Why Can a Barely Profitable Travel Firm IPO Rally 90% in 1 Day? It's Indian.
Friday, August 13, 2010 - 11:13am | 1926A reader highlighted a company I was not aware of in the comments section yesterday - MakeMyTrip (MMYT). I went to look up the stock and saw it was an IPO up nearly 80% on the session (at the time).... in a bad tape no less. I did a lot more digging on it last night and quite an interesting story...
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Credicorp Reports Solid 2Q, Earnings Continue To Increase
Friday, August 13, 2010 - 10:34am | 125Credicorp, Ltd. (NYSE: BAP) reported 2Q earnings of $162M ($2.03/share) which was well ahead of JP Morgan's estimate of $128M ($1.61/share). Revenues benefited from $26M pretax on non-recurring realized gains and securities, according to JP Morgan, which forecasts a positive outlook for the next...
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TARP Funds – A Boon for Europe? - Analyst Blog
Friday, August 13, 2010 - 9:40am | 724Criticizing the structure of the U.S. Treasury’s $700 billion Troubled Asset Relief Program (TARP) that was created to rescue the nation’s financial industry, the Congressional Oversight Panel said in a report on Thursday that the foreign companies got greater benefit from the U.S. bailout program...
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Top 4 Stocks In The Foreign Regional Banks Industry With The Highest ROE (BFR, BMA, BCH, BBD)
Friday, August 13, 2010 - 5:44am | 140Below are the top foreign regional bank stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at BBVA Banco Frances SA (NYSE: BFR) is 30.50%. BFR’s quarterly earnings jumped 85.90% y/y. The trailing-twelve-month return on equity at Banco Macro...
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NASDAQ Stocks Hitting 52-Week Highs (NFLX, ADGF, ODSY, GGAL)
Thursday, August 12, 2010 - 2:02pm | 168Netflix Inc (NASDAQ: NFLX) shares gained 2.58% to create a new 52-week high of $129.73. NFLX has to pay about $1 billion to add films from Paramount Pictures, Lions Gate and MGM to its on-demand service. Adams Golf Inc (NASDAQ: ADGF) shares jumped 12.29% to touch a new 52-week high of $4.66. ADGF...
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Jobless Claims Stubbornly High, Regional Banks Under Pressure (FITB, MI, USB)
Thursday, August 12, 2010 - 1:52pm | 180The number of U.S. workers making new claims for jobless benefits rose unexpectedly last week to the highest level in six months, fueling concerns that the recovery and labor market remain weak. Initial unemployment claims rose by 2,000 to 484,000 in the week ended August 7, the Labor Department...
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Morgan Stanley Charged by FINRA - Analyst Blog
Thursday, August 12, 2010 - 10:37am | 826On August 10, investment banking giant Morgan Stanley (MS) was accused by the Financial Industry Regulatory Authority (FINRA) for delivering independent research disclosure requirements that were not up to the required standards. As a result, the company was fined approximately $0.8 million for...
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Wells Fargo Loses Overdraft Case - Analyst Blog
Thursday, August 12, 2010 - 10:07am | 800The time is out of joint for Wells Fargo & Co. (WFC), which has hit the headlines for the wrong reasons yet again. It has been ordered to pay $203 million in order to recompense customers who had sued the company for charging improper overdraft fees. This ruling was given by the U.S. District...
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Citi Sells $3.5B Loans to JPMorgan - Analyst Blog
Thursday, August 12, 2010 - 9:35am | 616Citigroup Inc. (C) has sold a $3.5 billion loan portfolio to JPMorgan Chase & Co. (JPM). This portfolio consists of around 3,800 performing loans, primarily multifamily and commercial real estate loans associated with properties in New York, California and Illinois. The terms of the deal were...