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HFF Prices of Secondary Public Offering of 4M Shares at $13.50
Thursday, August 4, 2011 - 6:21am | 107HFF, Inc. (NYSE: HF) announced today the pricing of a secondary public offering by certain stockholders of 4,047,472 shares of the Company's Class A common stock at a public offering price of $13.50 per share. All shares are being offered by existing stockholders who are also current transaction...
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JMP Group Increases Quarterly Dividend by 20% to $0.03
Wednesday, August 3, 2011 - 7:00am | 63JMP Group Inc. (NYSE: JMP) announced today that its board of directors has voted to increase the company's cash dividend to $0.030 per share for the second quarter of 2011, an increase of 20% from the $0.025 paid for the prior quarter. The dividend will be paid on Friday, September 2, 2011 to...
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Certain Stockholders of HFF, Inc. Intend to Sell 4,047,472 Shares in a Secondary Offering
Tuesday, August 2, 2011 - 3:44pm | 157HFF, Inc. (NYSE: HF) announced today that it has filed a preliminary prospectus supplement with the Securities and Exchange Commission for a proposed underwritten public offering of 4,047,472 shares of its Class A common stock. All shares will be offered by existing stockholders who are also...
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Even Goldman Sachs Couldn't Hedge This Loss
Friday, July 29, 2011 - 1:36pm | 706According to Reuters own @Lauren LaCapra, there is a serious brain drain going on at Goldman Sachs Group Inc's (NYSE: GS), the likes of which the bank has not seen in some time. There has been several who have left the North American government bonds and derivatives trading desk over the past few...
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Earnings Roundup
Thursday, July 28, 2011 - 7:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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Global Equities Retreat as Debt Feud Continues in Washington
Thursday, July 28, 2011 - 6:03am | 221Stocks around the world fell Thursday, as the nearing deadline to raise the debt ceiling in the United States had anxious investors trimming their positions. President Barack Obama and legislators in Congress have been negotiating a potential budget deal for months, with little visible progress....
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Credit Suisse is Latest to Announce Job Cuts, is HSBC Next?
Thursday, July 28, 2011 - 5:24am | 268Swiss bank Credit Suisse (NYSE: CS) announced Thursday that it would be cutting 2,000 jobs in light of a weak quarter and an uncertain economic outlook. The bank announced that its second quarter net profit fell just below $1 billion, to $959 million. Credit Suisse is only the latest European...
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UPDATE: Credit Suisse Reports Downbeat Q2 Earnings
Thursday, July 28, 2011 - 4:11am | 82Credit Suisse Group (NYSE: CS) reported downbeat second-quarter earnings and announced its plans to cut around 4% of its workforce. Credit Suisse's quarterly net profit declined to 768 million Swiss francs ($958 million), from 1.6 million francs, in the year-ago period. Analysts were expecting a...
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Earnings Roundup
Tuesday, July 26, 2011 - 8:32am | 1635Lockheed Martin Corp (NYSE: LMT) reported a 10% decline in its Q2 profit. Lockheed Martin's quarterly net earnings dropped to $742 million, or $2.14 per share, from $824 million, or $2.22 per share, in the year-earlier quarter. Its net sales increased to $11.55 billion from $11.28 billion....
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A Peek Into The Market Before The Trading Starts
Tuesday, July 26, 2011 - 6:23am | 383Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting earnings reports and economic data. Futures for the Dow Jones Industrial Average gained 23 points to 12,573.00 and S&P 500 index futures rose 2.70 points to 1,336.20. Nasdaq 100 futures climbed 4.00...
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UPDATE: Deutsche Bank Reports 3.3% Rise In Q2 Net Profit
Tuesday, July 26, 2011 - 3:57am | 76Deutsche Bank AG (NYSE: DB) reported a 3.3% rise in its second-quarter net profit. Deutsche Bank's quarterly net profit rose to 1.2 billion euros ($1.7 billion), and earnings per share dropped to 1.24 euros from 1.60 euros. Analysts were expecting a profit of 1.32 billion euros. Its total...
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UPDATE: UBS Reports Downbeat Q2 Profit, Shares Down In Pre-Market
Tuesday, July 26, 2011 - 3:53am | 60UBS AG (NYSE: UBS) reported downbeat Q2 profit on Tuesday. UBS reported its quarterly attributable profit at 1.02 billion Swiss francs ($1.27 billion), or 0.26 euro per share, versus CHF2.01 billion, or 0.53 euro per share in the year-earlier period. Analysts were expecting a net profit of CHF1.38...
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Benzinga's Political Roundup July 22, 2011
Friday, July 22, 2011 - 11:26am | 164U.S. prosecutors charged four Credit Suisse Group (NYSE: CS) bankers with defrauding the U.S. government, as the U.S. claims the bankers helped U.S. citizens evade taxes. British Prime Minister David Cameron says News Corp.'s (NASDAQ: NWSA) James Murdoch "clearly" needs to answer questions from...
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Hungry for commercial real estate
Friday, July 22, 2011 - 12:01am | 749Do you ever get in one of those moods where you really want to eat something in particular? You feel like you need to eat something specific and nothing else will satisfy your craving. Like, right now, I am craving a chocolate milkshake from the little ice cream shop near my home. Nothing else...
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Calls Purchased on UBS
Thursday, July 21, 2011 - 10:27am | 124Shares of UBS (NYSE: UBS) are higher on the session by 3.53%, currently trading at $17.59. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the August...