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Aegon Restructures US Business - Analyst Blog
Friday, December 3, 2010 - 4:06am | 605Keeping pace with its ongoing restructuring program that began in 2009, yesterday, Dutch insurer Aegon NV (AEG) announced the decision to restructure its operations in the US in order to build upon its core efficiencies and increase overall operating leverage. As such, the company will right size...
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Aegon Restructures US Business - Analyst Blog
Thursday, December 2, 2010 - 1:27pm | 605Keeping pace with its ongoing restructuring program that began in 2009, yesterday, Dutch insurer Aegon NV (AEG) announced the decision to restructure its operations in the US in order to build upon its core efficiencies and increase overall operating leverage. As such, the company will right size...
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Principal Provides 2011 Outlook - Analyst Blog
Thursday, December 2, 2010 - 12:00pm | 468Principal Financial Group Inc. (PFG) guided full year 2011 operating earnings in a range of $2.80 to $3.00 per share. The Zacks Consensus Estimate for 2011 at $2.83 per share falls within the guidance. The company also expects an average S&P 500 Index of 1,250 in 2011, driving 9%–10% year-...
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Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 10:54am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
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Principal Provides 2011 Outlook - Analyst Blog
Thursday, December 2, 2010 - 6:18am | 468Principal Financial Group Inc. (PFG) guided full year 2011 operating earnings in a range of $2.80 to $3.00 per share. The Zacks Consensus Estimate for 2011 at $2.83 per share falls within the guidance. The company also expects an average S&P 500 Index of 1,250 in 2011, driving 9%–10% year-...
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Company News for December 2, 2010 - Corporate Summary
Thursday, December 2, 2010 - 5:27am | 560• PepsiCo (NYSE: PEP) announced plans to acquire a 66% stake in Wimm-Bill-Dann (NYSE: WBD) for $3.8 billion • Toll Brothers (NYSE: TOL) reported fiscal fourth quarter earnings of $0.30 a share that included a tax benefit, versus consensus expectations for a loss of $0.08. Revenues of $402.6 million...
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Principal Financial Group Sets 2011 Earnings Target (PFG)
Wednesday, December 1, 2010 - 6:43pm | 47Principal Financial Group Inc. (NYSE: PFG) said today after the bell that the company expects operating earnings to be between $2.80 and $3.00 per share next year. Analysts expect PFG to earn $2.85 per share. Shares of PFG closed at $28.16, up 92 cents.
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CNO Refinances $652 Million - Analyst Blog
Wednesday, December 1, 2010 - 4:09pm | 557Restructuring its debt obligations, yesterday CNO Financial Group Inc. (CNO) announced a new capital plan whereby the company will refinance its existing credit facility worth $652.1 million, due to mature in October 2013, and replace it with new long term senior secured credit facilities....
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AIG Offers Notes After 2 Years - Analyst Blog
Wednesday, December 1, 2010 - 1:35pm | 662Moving ahead with its capital restructuring, American International Group Inc. (AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory prospectus for the...
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CNO Refinances $652 Million - Analyst Blog
Wednesday, December 1, 2010 - 10:23am | 557Restructuring its debt obligations, yesterday CNO Financial Group Inc. (CNO) announced a new capital plan whereby the company will refinance its existing credit facility worth $652.1 million, due to mature in October 2013, and replace it with new long term senior secured credit facilities....
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AIG Offers Notes After 2 Years - Analyst Blog
Wednesday, December 1, 2010 - 8:10am | 662Moving ahead with its capital restructuring, American International Group Inc. (AIG) finally entered the debt market yesterday, two years after the company was bailed out in 2008, as it intends to vend off $2.0 billion of bonds in two parts. The company has filed a regulatory prospectus for the...
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Benzinga's Top ETF Decliners (ZSL, CZM, GAZ, UCO)
Tuesday, November 30, 2010 - 7:43pm | 161ProShares UltraShort Silver (ETF) (NYSE: ZSL) struggled on Tuesday, as silver jumped above $28. ZSL fell 6.74%, and closed at $12.31. ZSL had a volume of 3.31M shares today. Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) dropped 5.44%, as CNOOC Limited (ADR) (NYSE: CEO) fell 2.97% to $215.30....
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Neutral on Principal Financial - Analyst Blog
Tuesday, November 30, 2010 - 6:30pm | 557We remain neutral on Principal Financial Group (PFG), concerned as we are about higher delinquencies in its commercial mortgage portfolio as well as persistentlyhigh unemployment levels that restrict participation in the existing employee benefit plans. Principal's investment portfolio is...
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AIG's Exchange Offer Under-Tendered - Analyst Blog
Tuesday, November 30, 2010 - 2:30pm | 821On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...
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Neutral on Principal Financial - Analyst Blog
Tuesday, November 30, 2010 - 1:01pm | 557We remain neutral on Principal Financial Group (PFG), concerned as we are about higher delinquencies in its commercial mortgage portfolio as well as persistentlyhigh unemployment levels that restrict participation in the existing employee benefit plans. Principal's investment portfolio is...