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Ford Cuts Nearly $2 Billion in Debt - Analyst Blog
Friday, November 26, 2010 - 5:03pm | 627Ford Motor Co. (F) has reduced its debt by more than $1.9 billion by swapping its investor's notes for shares. The investors converted $554 million of the company's 4.25% Senior Convertible Notes due December 15, 2036 and $1.992 billion of its 4.25% Senior Convertible Notes due November 15, 2016...
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Ford Cuts Nearly $2 Billion in Debt - Analyst Blog
Friday, November 26, 2010 - 11:37am | 627Ford Motor Co. (F) has reduced its debt by more than $1.9 billion by swapping its investor's notes for shares. The investors converted $554 million of the company's 4.25% Senior Convertible Notes due December 15, 2036 and $1.992 billion of its 4.25% Senior Convertible Notes due November 15, 2016...
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Moody's Acquires CSI Global - Analyst Blog
Wednesday, November 24, 2010 - 12:01pm | 580An industry leader in the credit rating industry, Moody's Corp. (MCO) announced that it has acquired Canadian based, CSI Global Education Inc. (CSI), a premier provider of financial learning, credentials and certification. The financial consideration of the deal comes at $151.4 million (C$155.0...
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Calls Purchased on KKR Financial Holdings (KFN)
Wednesday, November 24, 2010 - 11:32am | 166Shares of KKR Financial Holdings (NYSE: KFN) are higher on the session by 1.71%, currently trading at $8.94. The stock has been moving largely higher over the past five months, rallying from a recent low near $7.00, and is currently trading above the 50-day and 200-day moving averages. Options...
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Moody's Acquires CSI Global - Analyst Blog
Wednesday, November 24, 2010 - 6:30am | 580An industry leader in the credit rating industry, Moody's Corp. (MCO) announced that it has acquired Canadian based, CSI Global Education Inc. (CSI), a premier provider of financial learning, credentials and certification. The financial consideration of the deal comes at $151.4 million (C$155.0...
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Market Roundup (AFFY, HPQ, MCO, FUL)
Monday, November 22, 2010 - 1:39pm | 284Shares of Affymax Inc (NASDAQ: AFFY) surged about 9.4% after analysts at WB Securities initiated coverage of AFFY with a “buy” rating. Shares of Affymax have gained 10.45% over the past month. Shares of Hewlett-Packard Company (NYSE: HPQ) lost about 0.4% as the company is all set to report its Q4...
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KKR Financial Holdings Announces the Dismissal of Class Action Lawsuit
Monday, November 22, 2010 - 10:13am | 149KKR Financial Holdings LLC (NYSE: KFN) today announced that the United States District Court for the Southern District of New York dismissed the putative class action complaint filed by the Charter Township of Clinton Police and Fire Retirement. As the Company disclosed previously, plaintiffs in...
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Moody's Corporation Acquires CSI Global Education for $151.4M
Monday, November 22, 2010 - 9:09am | 88Moody's Corporation (NYSE: MCO) announced today that it has acquired CSI Global Education Inc. Moody's purchased CSI for C$155 million (US$151.4 million), subject to customary closing adjustments. Inclusive of the unfavorable impact of purchase accounting, the acquisition is expected to have a...
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11/21/10 Weekend Update & Outlook - Unchanged For The Week, But Quite A Ride
Sunday, November 21, 2010 - 4:17pm | 1235Even with volatility earlier in the week Markets finish exactly flat. Friday's options expiration was a lesson in pinning (when a market or security is magnetized to a specific significant strike, for example S&P 1200). Markets hovered around opening prices all day Friday. Let's see how the...
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CBG to Offer Services to NYX and AIG - Analyst Blog
Friday, November 19, 2010 - 7:00pm | 515CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), was recently selected by NYSE Euronext Inc. (NYX) to provide real estate transaction and facilities management services for its entire portfolio in the U.S. and Europe....
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Moody's Rates Prudential's Notes - Analyst Blog
Friday, November 19, 2010 - 1:31pm | 539The rating agency Moody's Investors Service, an arm of Moody's Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable” outlook. These notes were...
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CBG to Offer Services to NYX and AIG - Analyst Blog
Friday, November 19, 2010 - 1:21pm | 515CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), was recently selected by NYSE Euronext Inc. (NYX) to provide real estate transaction and facilities management services for its entire portfolio in the U.S. and Europe....
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Rating Agencies Downgrade Regions - Analyst Blog
Friday, November 19, 2010 - 1:00pm | 664Rating agencies have downgraded Regions Financial Corporation (RF) following leadership changes in its Risk Management Group subsequent to the resignation of its chief risk officer. Both the rating agencies – Fitch Ratings and Moody's Investors Service, a unit of Moody's Corp. (MCO) – have...
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Piper Jaffray Incrementally Confident In ADS, CSE, DLLR, and PRAA
Friday, November 19, 2010 - 11:02am | 228At a recent Financial Services Summit in Boston, Piper Jaffray said that it is most incrementally confident in the following companies: “Alliance Data Systems (NYSE: ADS): Improving fundamentals. Growth and cash flow still underappreciated. Management continues to focus on reducing controversy in...
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Sterne Agee Raises Price Target On CIT Group
Friday, November 19, 2010 - 9:56am | 182Sterne Agee is raising its price target from $45 to $50 on CIT Group (NYSE: CIT). This increase reflects a number of things: 1) the company is almost finished with the process of paying down high-cost debt; 2) credit quality is stable and origination momentum encouraging; and 3) comparable...