Diversified Capital Markets

HFF (NYSE: HF) announced today that it has secured a $100 million credit facility for McMorgan & Co. HFF represented the client in arranging the four-year, floating-rate facility with PNC Bank. Loan proceeds are being used to replace an existing unsecured facility for McMorgan's Institutional...

This is your Benzinga news summary and traders' outlook for Thursday, August 25, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading slightly higher. At last check, Dow futures are up about 25 points and...

Citing a weakening global economic environment and the possibility of central bank intervention, UBS (NYSE: UBS) reduced its 2011 and 2012 growth projections for China Thursday. In 2011, UBS forecasts growth of 9% versus 9.3% previously. In 2012, UBS is forecasting growth of 8.3%, falling short of...

Citing a weakening global economic environment and the possibility of central bank intervention, UBS (NYSE: UBS) reduced its 2011 and 2012 growth projections for China Thursday. In 2011, UBS forecasts growth of 9% versus 9.3% previously. In 2012, UBS is forecasting growth of 8.3%, falling short of...

The major stock market indexes have certainly been volatile during the month of August. The recent stock market swings in both directions have been outright violent at times. Many traders and investors have had to even step back and allow the markets to calm down at times before trying initiate a...

UBS AG (NYSE: UBS) said it will cut 3,500 jobs to save 2 billion Swiss francs ($2.5 billion) in annual costs. It will then funnel those savings to tax evaders. So in other words, nothing new. H.J. Heinz Co. (NYSE: HNZ) shares fell today after the company repeated its forecast for full-year...

UBS (NYSE: UBS) today provides an update on its plans to eliminate expenses of a total of approximately CHF 2 billion from annual costs by the end of 2013, consistent with our announcement on July 26, 2011. These plans include savings associated with headcount reductions of approximately 3,500,...

This is your Benzinga news summary and traders' outlook for Tuesday, August 23, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. At last check, Dow futures are up about 100 points and the U.S....

Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 121 points to 10,968.00 and S&P 500 index futures rose 15.30 points to 1,138.60. Nasdaq 100 futures gained 26.00 points to 2,070.00. A Peek Into Global Markets European markets were...

Stocks in Asia and Europe gained broadly on Tuesday, as weary investors jumped back into assets like industrials and miners but remained cautious of bank stocks. Japan's Nikkei index closed higher by 1.22%, with Hong Kong's Hang Seng index closing higher by 1.99%. Stocks were boosted by HSBC's...

US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 119 points to 10,966.00 and S&P 500 index futures rose 14.30 points to 1,137.60. Nasdaq 100 futures gained 25.00 points to 2,069.00. US stocks closed higher on Monday, with the Dow Jones Industrial...

Swiss bank UBS (NYSE: UBS) announced plans Tuesday to cut approximately 3,500 jobs in its global workforce, as the wave of cost-cutting initiatives continues through Wall Street. The layoffs are part of a measure to save the bank 2 billion Swiss francs, or about $2.5 billion. UBS expects to see...

UBS AG (NYSE: UBS) announced its plans to cut 3,500 jobs to lower expenses by 2 billion Swiss francs ($2.5 billion) by the end of 2013. UBS reported that about 45% of the job reductions will come from investment bank and 35% from wealth management & Swiss bank. About 10% of the job cuts will...

Some of the stocks that may grab investor focus today are: Wall Street expects La-Z-Boy Incorporated (NYSE: LZB) to report its FQ1 EPS at $0.06 on revenue of $278.75 million. LZB shares dropped 1.95% to close at $7.05 yesterday. Focus Media Holding Ltd (NASDAQ: FMCN) its Q2 net income...

Several Deutsche Bank (NYSE: DB) employees and its South Korean brokerage face a trial over a flash crash in the South Korean stock market in November. Verizon (NYSE: VZ) said 45,000 striking workers will get back to work tonight after talks came to a truce over the weekend. Phew. I was worried...