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Aetna Issues $750M in Notes - Analyst Blog
Wednesday, August 25, 2010 - 5:46pm | 491Aetna Inc. (AET), one of leading U.S. health care providers, yesterday announced the offering of 10-year notes amounting to $750 million. The size of the issue was originally $500 million. The proceeds from the issue will be used to retire commercial paper and for general corporate purpose. Aetna...
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MasterCard to Buy DataCash Group - Analyst Blog
Monday, August 23, 2010 - 7:20am | 766Basking from a good quarter, on Thursday, MasterCard Inc. (MA) agreed to purchase a European payment service provider, DataCash Group plc, for 360 pence per share, totaling to approximately £333 million or $520 million. The deal is scheduled to close by the end of October 2010, subject to...
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Company News for August 20, 2010 - Corporate Summary
Friday, August 20, 2010 - 8:37am | 933• JM Smucker (NYSE: SJM) reported better-than-expected fiscal first quarter earnings of $1.04 up from estimates of 96 cents, as revenues slightly missed projections at $1.05 billion off estimates of $1.07 billion • Goldman Sachs (NYSE: GS) raised Republic Services (NYSE: RSG) to "buy" from "neutral...
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Zacks Analyst Blog Highlights: Hewlett-Packard, International Business Machines, Cisco Systems, Morgan Stanley and Deutsche Bank AG - Press Releases
Thursday, August 19, 2010 - 1:34pm | 1500For Immediate Release Chicago, IL – August 19, 2010 – Zacks.com Analyst Blog features: Hewlett-Packard Co. (HPQ), International Business Machines (IBM), Cisco Systems Inc. (CSCO), Morgan Stanley (MS) and Deutsche Bank AG (DB ). Here are highlights from Wednesday’s Analyst Blog: HP to Acquire...
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UCITS III Fund from Morgan Stanley - Analyst Blog
Wednesday, August 18, 2010 - 3:37pm | 772On Monday, Morgan Stanley (MS) announced the launch of its first Undertakings for Collective Investment in Transferable Securities (UCITS) III Fund. UCITS follows a set of European Union (EU) directives that are aimed to provide collective investment schemes that operate freely in the EU based...
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The Big Short: Michael Lewis – A Book Review
Tuesday, August 17, 2010 - 11:31am | 2083The Big Short is a very insightful book viewing, from a different angle, the financial structure collapsed due to the bubble in the mortgage markets. Michael Lewis does a wonderful job at tackling the subject from the point of view of market participants that believed that the housing bubble was...
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Zacks Analyst Blog Highlights: Deutsche Bank AG, Credit Suisse Group, JPMorgan Chase, Citigroup and Cell Therapeutics - Press Releases
Tuesday, August 17, 2010 - 10:47am | 1235For Immediate Release Chicago, IL – August 16, 2010 – Zacks.com Analyst Blog features: Deutsche Bank AG (DB), Credit Suisse Group (CS), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C) and Cell Therapeutics (CTIC ). Here are highlights from Friday’s Analyst Blog: Deutsche Bank Aligns with Craigs...
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Aon Borrows $2.5B for Hewitt Deal - Analyst Blog
Tuesday, August 17, 2010 - 9:43am | 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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Blackstone to Acquire Dynegy - Analyst Blog
Tuesday, August 17, 2010 - 9:04am | 620On Friday, Blackstone Group (BX) announced that it will acquire Houston-based energy company Dynegy Inc. (DYN) for $4.7 billion (including debt). Under the deal, Blackstone will pay $4.50 per share (a 62% premium on the closing price of $2.78 on August 12) in cash for about 120.6 million...
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Stock Market News for August 17, 2010 - Market News
Tuesday, August 17, 2010 - 8:43am | 1071With the U.S. economic outlook pretty much uncertain investors wondered if it is the right time to buy stocks. However, they found little reason to pick up shares and chose to remain on the sidelines, sending trading volume to its lowest of the year. The Dow industrials failed to snap their four-...
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Cashin Concerned About Treasury Bonds
Monday, August 16, 2010 - 11:23am | 154Last week’s news was dominated by the Dow shedding almost 350 points, following the Fed’s adoption of a highly cautious stance on the economic recovery. Art Cashin, director of floor operations at UBS Financial Services (NYSE: UBS), shared his views on this. According to Cashin, Treasury Inflation...
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TARP Funds – A Boon for Europe? - Analyst Blog
Friday, August 13, 2010 - 8:40am | 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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Molina Prices Stock Offering - Analyst Blog
Wednesday, August 11, 2010 - 2:10pm | 676Molina Healthcare Inc. (MOH) has priced its underwritten public offering of 4 million shares at $27.00 per share. The stock offering was announced on August 4. According to the offering by Molina and the selling stockholders, the underwriters are given a month’s option to purchase up to 600,000...
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TheStreet Ratings 10 Cheapest Large-Cap Stocks
Wednesday, August 11, 2010 - 6:16am | 447BOSTON (TheStreet) -- Investors wary of a soft patch in the economy have piled into government debt, whose yields are slim. The following 10 stocks, the cheapest on the S&P 500, sell for less than seven times earnings, reflecting a deep discount. They're ordered by forward earnings multiple,...
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Fed's Mood Altering Statement 08-10-2010
Tuesday, August 10, 2010 - 6:40pm | 783Cusick's Corner The Fed’s statement boosted the market’s mood and the market recovered more than half of the day’s earlier losses. The Fed announced that it would start investing proceeds from maturing mortgage securities (on a small scale) into government Treasury bonds, reassuring the market. The...