-
BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 7:03pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
-
BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 6:34pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
-
Buckeye Acquires Stake in BORCO - Analyst Blog
Tuesday, December 21, 2010 - 6:33pm | 764Buckeye Partners L.P. (BPL) has agreed to buy an 80% interest in Bahamas Oil Refining Company International (BORCO), the largest petroleum products storage terminal in the Caribbean, from First Reserve Corporation for $1.36 billion. Located only 80 miles from the Florida coast, BORCO is the...
-
Buckeye Acquires Stake in BORCO - Analyst Blog
Tuesday, December 21, 2010 - 6:15pm | 764Buckeye Partners L.P. (BPL) has agreed to buy an 80% interest in Bahamas Oil Refining Company International (BORCO), the largest petroleum products storage terminal in the Caribbean, from First Reserve Corporation for $1.36 billion. Located only 80 miles from the Florida coast, BORCO is the...
-
Fifth Third Declares Q4 Dividends of $0.01
Tuesday, December 21, 2010 - 5:00pm | 58Fifth Third Bancorp (Nasdaq: FITB) today declared its fourth quarter 2010 cash dividends on its common shares and Series F preferred shares. Fifth Third declared a fourth quarter 2010 cash dividend on its common shares of $0.01. The cash dividend is payable on Thursday, January 20, 2011 to...
-
Market Roundup (TAM, AMR, RYAAY, KMX, STI, LNC, JBL)
Tuesday, December 21, 2010 - 1:10pm | 251Airline stocks rose, along with the wider market. The gainers in the list included TAM SA (NYSE: TAM) and AMR Corp (NYSE: AMR). However, shares of Ryanair Holdings (NASDAQ: RYAAY) fell about 0.37%. The NYSE Arca Airline Index (XAL) moved up about 1%. Shares of CarMax Inc (NYSE: KMX) fell about 9%...
-
David Hartley Named President and CEO of Middleburg Investment Group
Tuesday, December 21, 2010 - 12:27pm | 43Middleburg Financial Corporation (Nasdaq: MBRG), announced today that Mr. David L. Hartley has been named President and Chief Executive Officer of Middleburg Investment Group, a wholly-owned subsidiary of the Company with over $1.3 billion in assets.
-
Webster Financial Announces Common Stock Offering at $18.00/sh
Tuesday, December 21, 2010 - 10:11am | 74Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., today announced the pricing of its previously announced underwritten public offering of 6,630,000 shares of its common stock at a price to the public of $18.00 per share. The offering is expected to close on or...
-
Hancock Holding Downgraded to Hold at Wunderlich
Tuesday, December 21, 2010 - 8:20am | 19Hancock Holding (NASDAQ: HBHC) downgraded from Buy to Hold at Wunderlich.
-
Wunderlich Downs HBHC To Hold
Tuesday, December 21, 2010 - 7:59am | 48Analysts at Wunderlich downgrade Hancock Holding Company (NASDAQ: HBHC) from “buy” to “hold.” The target price for HBHC is set to $36. HBHC shares fell 0.25% to close at $36.35 yesterday. More Analyst Ratings here
-
Fast Money Pops & Drops (HBAN, V, LVS, CHK, AEO, AKAM)
Monday, December 20, 2010 - 7:41pm | 332On CNBC's Fast Money Pops & Drops, traders shared their thoughts with the audience on the stocks that had a significant price movement today. Akamai Technologies, Inc. (NASDAQ: AKAM) dropped 3.34%, and closed at $49.17 on Monday, on the news that it lost an appeal in its suit against LimeLight...
-
F.N.B. Corporation Announces Retirement of Director
Monday, December 20, 2010 - 5:04pm | 60F.N.B. Corporation (NYSE: FNB) today announced the retirement of Peter Mortensen, long-time board member, who will not seek re-election to F.N.B. Corporation's Board of Directors when his term expires in May 2011. Mortensen has a rich history of leadership with F.N.B. Corporation, spanning more...
-
Webster Financial Announces 6.63M Share Offering
Monday, December 20, 2010 - 5:02pm | 60Webster Financial Corporation (NYSE: WBS) today announced that it has commenced an underwritten public offering of 6,630,000 shares of its common stock. In connection with the public offering, Warburg Pincus and one of its affiliates, each an existing stockholder, have agreed to purchase 2,069,848...
-
Moody's Downgrades BB&T Debt (BBT)
Monday, December 20, 2010 - 4:13pm | 66Moody's Investors Services (NYSE: MCO) cut the ratings of BB&T Corp. (NYSE: BBT) debt to A2 from A1, citing concners as it shifts away from real estate into other asset classes. At last check, shares of BB&T were off 17 cents to $25.99, a loss of 0.65% on about 3.5 million shares.
-
Huntington Nears TARP Repay - Analyst Blog
Monday, December 20, 2010 - 3:00pm | 814Huntington Bancshares Inc. (HBAN) is inching closer to the repayment of the bailout money it received under the U.S. Government's Troubled Asset Relief Program (TARP). Last Friday, the company concluded its equity and debt offerings with the intent of paying back the TARP loan by December....