-
Sell European Banks (UBS, BCS, CS, DB, STD)
Thursday, September 9, 2010 - 12:56pm | 332Earlier today, Bloomberg reported that Deutsche Bank (NYSE: DB) is considering a 9 billion Euro equity offering, which has sent the entire stock market to its lowest levels of the session. The article says that the proceeds of the offering could be used to acquire all of Deutsche Postbank AG, which...
-
Stock Market News for September 9, 2010 - Market News
Thursday, September 9, 2010 - 9:03am | 969Stocks advanced modestly on Wednesday as easing worries about European finances helped investors set aside concerns resulting from the Federal Reserve’s latest Beige Book report. The beige book report on regional economic activity noted widespread signs of deceleration, causing some initial...
-
Lincoln, Hartford Warrants on Sale - Analyst Blog
Thursday, September 9, 2010 - 6:45am | 539As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (LNC) and Hartford Financial Services Group Inc. (HIG). During the...
-
Zacks Analyst Blog Highlights: Lincoln National, Hartford Financial Services Group, Deutsche Bank AG, American International Group and Casey's General Stores - Press Releases
Thursday, September 9, 2010 - 6:45am | 1583For Immediate Release Chicago, IL – September 9, 2010 – Zacks.com Analyst Blog features: Lincoln National Corporation (LNC), Hartford Financial Services Group Inc. (HIG), Deutsche Bank AG (DB), American International Group Inc. (AIG) and Casey’s General Stores Inc. (CASY ). Get the most recent...
-
St. Jude Invests in CardioMEMS - Analyst Blog
Wednesday, September 8, 2010 - 5:33pm | 682Medical devices major St. Jude Medical (STJ) has inked an agreement to invest $60 million in privately-held cardiac devices maker CardioMEMS Inc, for a 19% stake in the entity. The deal also includes an exclusive option for St. Jude to fully acquire CardioMEMS for $375 million should the latter...
-
Aon Prices Senior Notes - Analyst Blog
Wednesday, September 8, 2010 - 5:15pm | 971To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell its notes in...
-
Company News for September 8, 2010 - Corporate Summary
Wednesday, September 8, 2010 - 8:39am | 780• Bristol-Meyers (NYSE: BMY) said it agreed to acquire ZymoGenetics (NASDAQ: ZGEN) for $9.75 per share, in a deal valued at 885 million • A Bloomberg report said Vodafone (NASDAQ: VOD) will sell its stake in China Mobile (NYSE: CHL) for $6.6 billion • Smithfield Foods (NYSE: SFD) posted inline...
-
Weakness In European Banks Could Spell Trouble (BCS, UBS, DB, STD, XLF)
Tuesday, September 7, 2010 - 9:51am | 141Once again, the fulcrum of today's trading action appears to center around the financials. In the U.S., the Financial Select Sector SPDR ETF (NYSE: XLF) has shed 1.61% to $14.28. A number of European banks are getting hit hard today, as well. This seems to suggest that investors continue to be...
-
Nabors' Credit Facility Approved - Analyst Blog
Friday, September 3, 2010 - 1:36pm | 536Nabors Industries Ltd. (NBR) announced that it has received the commitment letter regarding an unsecured revolving credit facility. The principal amount of the facility totals up to $700 million and will be valid for four years. With the help of an accordion feature that also forms a part of the...
-
Zacks #1 Rank Additions for Friday - Tale of the Tape
Friday, September 3, 2010 - 7:36am | 347Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ADTRAN, Inc (ADTN) Community Bank System, Inc (CBU) Endo Pharmaceuticals (ENDP) Harry Winston Diamond Corp (HWD) HFF, Inc (HF) View the entire Zacks #1 Rank List. ADTRAN INC (ADTN): Free Stock Analysis Report COMMNTY...
-
10 Stocks Selling at the Deepest Discounts
Wednesday, September 1, 2010 - 5:55am | 512BOSTON (TheStreet) -- U.S. stocks slid last month, with the S&P 500 falling 4.7% as investors loaded up on fixed-income securities. Here are 10 stocks struggling despite cheap price-to-earnings ratios. When stocks rebound, these stocks may fare best. The companies are ordered by forward...
-
Northern Trust Gets Beijing License - Analyst Blog
Tuesday, August 31, 2010 - 6:15pm | 688Northern Trust Corporation (NTRS) has been granted license for its Beijing Branch Office by the China Banking Regulatory Commission (CBRC). This represents an important step in the company’s expansion plans. Northern Trust’s new license would permit it to provide client services directly from...
-
Nomura Upgrades UBS To Buy
Tuesday, August 31, 2010 - 5:24am | 47Analysts at Nomura upgrade UBS AG (USA) (NYSE: UBS) from "neutral" to "buy." UBS’ shares fell 1.25% to close at $16.25 yesterday. More Analyst Ratings here
-
IRS to Retire Tax Probe vs. UBS - Analyst Blog
Friday, August 27, 2010 - 3:36pm | 692The Internal Revenue Service (IRS) is planning to retire the tax probe against UBS AG (UBS). This decision of IRS follows the Swiss government’s assurance that it is about to deliver the details of the American account holders of UBS AG, who are alleged to have evaded American taxes. Earlier in...
-
Company News for August 26, 2010 - Corporate Summary
Thursday, August 26, 2010 - 2:09pm | 825• Apple (NASDAQ: AAPL) shares gained 1.2% on reports that the company is expected to introduce iPods with cameras and/or TV capability • Google (NASDAQ: GOOG) announced that it will add phone calling feature to its Gmail email service, offering competition to Skype • Goldman Sachs (NYSE: GS)...