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AIG's ILFC Arranges For $2B Loan - Analyst Blog
Tuesday, February 1, 2011 - 12:01pm | 643On Monday,American International Group Inc.'s (AIG) wholly owned subsidiary, International Lease Finance Corporation (ILFC) announced its agreement to raise $2.0 billion through an unsecured three-year revolving credit line. ILFC is an international market leader that deals in leasing and...
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AIG's ILFC Arranges For $2B Loan - Analyst Blog
Tuesday, February 1, 2011 - 11:45am | 643On Monday,American International Group Inc.'s (AIG) wholly owned subsidiary, International Lease Finance Corporation (ILFC) announced its agreement to raise $2.0 billion through an unsecured three-year revolving credit line. ILFC is an international market leader that deals in leasing and...
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Mad Money Lightning Round: Cramer Advises Investors To Hold Hudson City Bancorp (HIG, PRU, MIPS, HCBK, CMG)
Tuesday, February 1, 2011 - 3:19am | 192On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hartford Financial Services (NYSE: HIG) is “not bad.” He added, “I prefer Prudential (NYSE: PRU) though because it's cheaper and it's better." For MIPS Technologies (NASDAQ: MIPS), he said, "The quarter was not the thing of beauty...
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Before It Happens: Next Week's Top ETF Earnings Plays
Friday, January 28, 2011 - 4:14pm | 340This is a new feature from the ETF Professor. Every Friday shortly after the close, we'll take a look at some ETFs that are setting to be in play in the next week. As next week is heavy on earnings reports from some marquee names across a broad swath of sectors, today's column is an emphasis on...
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Hot Stock Movers to watch on Friday, January 28
Thursday, January 27, 2011 - 6:38pm | 1532( click to enlarge ) Morgan Stanley (NYSE:MS) has formed a bullish engulfing pattern on the daily chart. RSI confirms the uptrend and the stock trades comfortably above the 20 and 50 DMA. I expect the stock's near-term up trend to continue. Next resistance is located at $30.37, while...
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Higher Non-Cash Charge for Assurant - Analyst Blog
Tuesday, January 25, 2011 - 6:01pm | 504Assurant Inc.'s (AIZ) full-year 2010 GAAP earnings will likely fall short by $306.4 million after-tax on account of non-cash goodwill impairment charge. It had incurred $83,000 million of goodwill impairment charges in 2009. However, no charges were recorded under this head from 2005–2008. As...
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Higher Non-Cash Charge for Assurant - Analyst Blog
Tuesday, January 25, 2011 - 5:43pm | 504Assurant Inc.'s (AIZ) full-year 2010 GAAP earnings will likely fall short by $306.4 million after-tax on account of non-cash goodwill impairment charge. It had incurred $83,000 million of goodwill impairment charges in 2009. However, no charges were recorded under this head from 2005–2008. As...
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The National Security Group Declares Dividend of $.15
Tuesday, January 25, 2011 - 10:31am | 41On January 21, 2011, the Board of Directors of The National Security Group, Inc. (NASDAQ: NSEC), declared a quarterly dividend of $.15 per share. This cash dividend is payable on February 28, 2011 to shareholders of record February 7, 2011.
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LifeTech Capital Raises Price Target On NeoStem To $4
Friday, January 21, 2011 - 9:14am | 163NeoStem (NYSE: NBS) closed their acquisition of Progenitor Cell Therapy which will continue as a subsidiary of NeoStem. PCT has served over 100 clients worldwide and has experience with over 20 different cell based therapeutics and has performed over 30,000 cell therapy procedures in its cell...
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Genworth Financial Downgraded - Analyst Blog
Thursday, January 20, 2011 - 6:31pm | 543Due to higher loss at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International, we are downgrading Genworth Financial (GNW) to Underperform. Genworth's mortgage insurance business is experiencing losses as a result of the stressed economic...
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Genworth Financial Downgraded - Analyst Blog
Thursday, January 20, 2011 - 6:10pm | 543Due to higher loss at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International, we are downgrading Genworth Financial (GNW) to Underperform. Genworth's mortgage insurance business is experiencing losses as a result of the stressed economic...
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Don't Worry AIG Shareholders, You're Actually Up (AIG)
Thursday, January 20, 2011 - 12:38pm | 112Despite AIG (NYSE: AIG) shares looking like they're getting killed today, down 11% or so on the session, you're actually up on the day. This is because AIG shares are now trading without the right to buy a warrant for additional AIG shares, according to this Fortune article. It's essentially like a...
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AIG Trading Lower Today (AIG)
Thursday, January 20, 2011 - 12:36pm | 26AIG (NYSE: AIG) is trading lower today. At last check, AIG was trading at $43.81, down 14.13% from yesterday's close.
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Benzinga's Political Roundup (AIG, CMCSA, GE, DB, GS)
Wednesday, January 19, 2011 - 12:00pm | 177Yesterday the U.S. federal government picked lead book runners for the "re-IPO" of AIG (NYSE: AIG). The banks doing the lead bookrunning are Goldman Sachs (NYSE: GS), Deutsche Bank (NYSE: DB), J.P. Morgan (NYSE: JPM), and Bank of America (NYSE: BAC). Yesterday the FCC voted 4-1 in favor of the...
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AIG IPO Set Up Oddly (AIG)
Tuesday, January 18, 2011 - 5:17pm | 163Details of the AIG (NYSE: AIG) "re-IPO" are emerging, and it's much different than most offerings. The offering has four book runners, whereas usually there is one or two lead banks on an offering. Not in this case. Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM), Deutsche Bank (NYSE: DB)...