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Most Large Banks Ready for Stress Tests, Dividends
Thursday, November 18, 2010 - 1:22pm | 430Most of the 19 large bank holding companies that will submit their capital plans to the Federal Reserve in early 2011 appear set to gain approval to begin returning capital to investors by increasing their dividends or buying back shares. The regulator made clear that banks still owing the...
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Prudential Completes Offering, AIG Extends Exchange Offer
Thursday, November 18, 2010 - 12:51pm | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Genworth Financial Issues Notes - Analyst Blog
Thursday, November 18, 2010 - 12:48pm | 518Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25% if held till...
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NRG Energy Launches Electric Vehicle ‘Ecosystem'
Thursday, November 18, 2010 - 12:31pm | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Retail Earnings After the Bell: LTD, PETM
Thursday, November 18, 2010 - 12:29pm | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Thursday Deals: Walter Energy Bids on Western Coal; Verigy Merges With LTX
Thursday, November 18, 2010 - 11:51am | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Economists Encouraged by Jobless Claims Report
Thursday, November 18, 2010 - 11:36am | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Tech Earnings After the Bell: Applied Materials, NetApp
Thursday, November 18, 2010 - 11:09am | 110Prudential Financial (PRU) said late yesterday it had completed a public offering of 18.3 million shares of common stock, for proceeds of $970 million. Prudential said it plans to use the proceeds to fund part of its previously announced acquisition of... Go to SwingTradingDaily.com for full...
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Aflac Upped to Outperform - Analyst Blog
Thursday, November 18, 2010 - 10:40am | 682On Thursday, we upgraded our recommendation on the shares of Aflac Inc. (AFL) to Outperform from Neutral based on its recent dividend hike coupled with the resumption of its stock buyback program, reflecting a fair liquidity and retaining investors' confidence. Besides, Aflac's third quarter...
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Citigroup Adjusts Lincoln National Estimates
Thursday, November 18, 2010 - 10:32am | 80Following its review of 3Q10 results, Citigroup has reiterated its Hold rating and $27 target price on shares of Lincoln National Corporation (NYSE: LNC). “LNC remains among the most interest and equity market sensitive insurers within our universe and in the wake of the 3Q10 earnings miss we have...
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AIG Postpones Equity Unit Offering - Analyst Blog
Thursday, November 18, 2010 - 10:00am | 872Briskly moving ahead with its recapitalization program, on Wednesday, American International Group Inc. (AIG) announced a further extension of 74.48 million of its equity units exchange offering to November 23. With the commencement of the exchange on October 8, AIG had scheduled the expiry of...
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Upside Potential For Unum 2011 EPS, Deutsche Bank Reports
Thursday, November 18, 2010 - 9:40am | 90Deutsche Bank reports that Unum Group (NYSE: UNM) management provided 2011 guidance during its investors day, including sales growth of 7-9%, premium growth of 0-2%, and earnings growth of 0-5%. “Our earnings growth estimate was 1%,” Deutsche Bank writes. “Including capital management, the company...
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Keefe Bruyette & Woods Comments On Unum Group's 2011 Guidance
Thursday, November 18, 2010 - 9:16am | 96At the investor meeting, Unum Group (NYSE: UNM) guided to 2011 earnings growth of 6-12%. This implies an EPS range of $2.88-$3.05, with the $2.97 midpoint ahead of Keefe Bruyette & Woods' $2.90 estimate and the $2.93 consensus. Relative to Keefe Bruyette & Woods' model, premium growth...
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Prudential Financial, Inc. Completes Public Offering of Common Stock
Wednesday, November 17, 2010 - 5:08pm | 127Prudential Financial, Inc. (NYSE: PRU) today announced that it has completed a public offering of 18,348,624 shares of its common stock, resulting in net proceeds to the company of approximately $970 million. The company intends to use the net proceeds from the common stock offering to fund a...
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FBL Financial Group Declares Quarterly Dividend of $0.0625
Wednesday, November 17, 2010 - 5:03pm | 74FBL Financial Group, Inc. (NYSE: FFG) today announced that its Board of Directors declared a quarterly cash dividend of $0.0625 per share to owners of Class A and Class B common stock. The dividend will be payable on December 31, 2010 to shareholders of record as of December 15, 2010. There are 29,...