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Moody's Rates Prudential's Notes - Analyst Blog
Friday, November 19, 2010 - 8:12am | 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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Rating Agencies Downgrade Regions - Analyst Blog
Friday, November 19, 2010 - 7:38am | 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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Genworth Financial Issues Notes - Analyst Blog
Thursday, November 18, 2010 - 6:03pm | 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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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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PG&E Corporation Issues Notes - Analyst Blog
Wednesday, November 17, 2010 - 7:33pm | 717On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies. Merrill Lynch, a part of Bank of America Corporation (BAC),...
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PG&E Corporation Issues Notes - Analyst Blog
Wednesday, November 17, 2010 - 1:46pm | 717On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies. Merrill Lynch, a part of Bank of America Corporation (BAC),...
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IBM Acquires Netezza - Analyst Blog
Tuesday, November 16, 2010 - 12:33pm | 927International Business Machines Corp. (IBM) announced the completion of the acquisition of renowned data warehouse company, Netezza Corp. as previously announced by IBM on September 20th. Marlborough, Massachusetts-based Netezza is a leading company in data warehousing technology. The company...
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Interactive Brokers takes a Stake in TradeStation
Saturday, November 13, 2010 - 10:44pm | 73Tradestation Group (TRAD) IBG, a holding company associated with Interactive Brokers (IBKR) disclosed ownership of 2,567,522 shares (6.3%), purchased for a total of $17 million, excluding brokerage commissions. That's about $6.22 /share. TRAD could be a takeover target to gain market share at a...
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Gold Meets The Fonz
Saturday, November 13, 2010 - 6:07pm | 504Yesterday's “5 Dumbest Things on Wall Street” column on TheStreet.com supports my prior comments about a likely bubble in gold. The version picked up on Yahoo Finance introduces Number 3 with the subhead “Gold Jumps the Shark”. Intercontinental Exchange (ICE) is accepting gold bullion as collateral...
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (MF, IBKR, AIB, PNSN)
Friday, November 12, 2010 - 5:59am | 151Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $31.61 billion in total cash and $27.69 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.19 billion in total cash for the...
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Stock Market News for November 11, 2010 - Market News
Thursday, November 11, 2010 - 10:36am | 890Stocks managed to close in the positive territory on Wednesday even as investors remained jittery ahead of the Group of 20 meeting in Seoul. There are speculations some nations would question the rationale behind the Federal Reserve's bond-buying program as they see the move lowering the value of...
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Primus Guaranty, Ltd. Reports Third Quarter EPS of $.72
Thursday, November 11, 2010 - 10:09am | 147Primus Guaranty, Ltd. (NYSE: PRS) today announced its financial results for the third quarter ended September 30, 2010. GAAP net income available to common shares for the third quarter 2010 was $229.0 million, or $5.72 per diluted share, compared with GAAP net income available to common shares of...
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Mad Money Lightning Round: Cramer Reiterates Buy On KKR Financial Holdings (GMCR, OVTI, AAPL, PFE, ABT, KFN, MOT, GOOG)
Thursday, November 11, 2010 - 4:57am | 220On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he is worried about Green Mountain Coffee Roasters (NASDAQ: GMCR). He added, “I'm not a fan. I don't need the accounting questions. I regard it as questionable." For OmniVision Technologies (NASDAQ: OVTI), he said, "Their chips...
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Primus Comments on Ambac Financial Exposure
Wednesday, November 10, 2010 - 5:11pm | 142Primus Guaranty, Ltd. (NYSE: PRS) today commented on certain aspects of the credit default swap (“CDS”) portfolio of Primus Financial Products, LLC (“Primus Financial”) related to the credit event announced today by International Swaps and Derivatives Association, Inc. Americas Determinations...
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Silver Plunges On The Day (SLV)
Wednesday, November 10, 2010 - 2:59pm | 78Silver is continuing its freefall today, as it ended at $26.87 an ounce, a drop of 7.1%. Yesterday, the CME Group (NYSE: CME) raised margin requirements on silver, going from $5,000 to $6,500. This caused a sharp sell off in the precious metal. At last check, the ETF which tracks the metal,...