Daily Markets - CMS Energy Issues $250M Debt |
- CMS Energy Issues $250M Debt
- BHP Billiton Extends Buy-Out Offer
- MWCC Gets BP As A New Member
- EDR To Develop A Mixed-Use Project
- Carnival Beats, Outlook Raised
- Carnival Beats, Outlook Raised
- Buffalo Wild On Expansion Track
- Nu Horizons On Arrow Radar
- “The Giant Elephant In The Room”
- Timeless Reading Page Updated
- Defense Contract For Caterpillar
- Sempra JV Divestment Nearing End
- Australian Dollar: Under Pressure
- Canadian Dollar: Under Pressure
- Ripe For A Pullback?
- GameStop In Neutral Lane
- Housing Starts Surge
| Posted: 21 Sep 2010 10:05 AM PDT Energy utility CMS Energy Corporation (NYSE:CMS) announced that it has sold $250 million senior unsecured notes. The notes will mature on September 30, 2015, and will have an interest rate of 4.25%.
|
| BHP Billiton Extends Buy-Out Offer Posted: 21 Sep 2010 10:05 AM PDT Australian mining giant, BHP Billiton Ltd. (NYSE:BHP) extended the buy-out offer made in mid August for Canada’s Potash Corp. of Saskatchewan Inc. (NYSE:POT), the world’s biggest fertilizer manufacturer, for $130 per share, until November 18, 2010.
|
| Posted: 21 Sep 2010 09:35 AM PDT ExxonMobil Corp. (NYSE:XOM) announced an agreement to add BP plc (NYSE:BP) as a new member to the proposed Marine Well Containment Company ("MWCC"), which will be formed as a non-profit making organization.
|
| EDR To Develop A Mixed-Use Project Posted: 21 Sep 2010 09:35 AM PDT Education Realty Trust Inc. (NYSE:EDR), a real estate investment trust (REIT) that owns, develops, and operates collegiate housing properties across the U.S., has recently formed a joint venture with LeylandAlliance LLC, a leading real estate developer, to develop the first two phases of Storrs Center, a mixed-use town center project adjacent to the University of Connecticut.
|
| Carnival Beats, Outlook Raised Posted: 21 Sep 2010 09:35 AM PDT Carnival Corporation’s (CCL) third quarter 2010 earnings came in at $1.62 per share, ahead of the Zacks Consensus Estimate of $1.47 and year-ago quarter of $1.33. Earnings for the quarter exceeded management’s guidance of $1.43 to $1.47 per share. The improvement in results was aided by better-than-expected net revenue yields, fueled by a robust demand in summer season and ongoing cost reduction initiatives, which more than offset the hike in fuel prices. Total revenue of Carnival Corporation, … [visit site to read more]
|
| Carnival Beats, Outlook Raised Posted: 21 Sep 2010 09:35 AM PDT Carnival Corporation’s (CCL) third quarter 2010 earnings came in at $1.62 per share, ahead of the Zacks Consensus Estimate of $1.47 and year-ago quarter of $1.33. Earnings for the quarter exceeded management’s guidance of $1.43 to $1.47 per share. The improvement in results was aided by better-than-expected net revenue yields, fueled by a robust demand in summer season and ongoing cost reduction initiatives, which more than offset the hike in fuel prices. Total revenue of Carnival Corporation, … [visit site to read more]
|
| Buffalo Wild On Expansion Track Posted: 21 Sep 2010 09:05 AM PDT Buffalo Wild Wings Inc. (NASDAQ:BWLD), engaged in the ownership, operation and franchise of restaurants, has opened its 700th restaurant in the United States and thus remains on track to attain its target of opening 1,000 restaurants in the United States by 2013. The new restaurant is opened in Tempe, Arizona, which is the seventeenth restaurant in Arizona.
|
| Posted: 21 Sep 2010 09:05 AM PDT Arrow Electronics Inc. (NYSE:ARW) recently announced that it will acquire Nu Horizons Electronics (NASDAQ:NUHC) for $7.00 per share aggregating $130 million. Headquartered in Melville, N.Y., Nu Horizons Electronics is a leading global distributor of advanced technology semiconductor, display, illumination, and power solutions to a wide variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services providers (EMS). The company employs 700 people. The offer price … [visit site to read more]
|
| “The Giant Elephant In The Room” Posted: 21 Sep 2010 09:02 AM PDT What is holding back our economy? Why isn't there more credit available in our banking system?
I have answered these questions numerous times over the last two years BUT many in Washington pretend not to know the answer and pander to their constituencies in the process. Regular readers of Sense on Cents are well aware that the books of our banks–especially our largest money center banks–remain chock-filled with loans that are being valued far in excess of what they are truly worth. Let's navigate. I first addressed issues within the second mortgage and HELOC (home equity line of credit) space in Fall of 2008 (Sense on Cents/Second Mortgages). Here we are a full two years later and America still has not received a straight answer and a full accounting by the banks or their regulators as to this "sinkhole" on their books and in our economy. Let's dive into this hole, get a little dirty, and again expose the issues within this sector. While there are many issues holding back our economy, in my opinion, there are none greater than the issues surrounding these embedded losses. High five to American Banker for highlighting these issues and to 12th Street Capital for bringing the commentary to my attention. AB writes, Why Writedowns on Second Mortgages Are So Scarce, … [visit site to read more]
|
| Posted: 21 Sep 2010 09:00 AM PDT I updated the Timeless Reading page (it can be found on the Top Toolbar). I Provided links to recent reports, news videos, quarterly and annual reports from the top value funds. There is a plethora of information on value investing on many of the sites listed. All the information on the page is free.
|
| Defense Contract For Caterpillar Posted: 21 Sep 2010 08:35 AM PDT Construction and mining equipment dealer Caterpillar Inc. (NYSE:CAT) has received a five-year contract worth $641.2 million from the Department of Defense (DOD) to manufacture 621G wheeled tractor scrapers. This contract win represents the company's largest single award received from the U.S. DOD in recent years.
|
| Sempra JV Divestment Nearing End Posted: 21 Sep 2010 08:35 AM PDT Sempra Energy (NYSE:SRE) announced that it will dispose the remaining assets of its joint venture with Royal Bank of Scotland Group PLC (RBS) – RBS Sempra Commodities. The remaining assets consisting of Sempra Energy Solutions unit would be sold to Hong Kong commodities firm Noble Group for $317 million in cash, plus assumption of $265 million in debt. Sempra Energy Solutions unit is the U.S. retail commodity marketing arm of RBS Sempra Commodities. With approximately 200 employees, Sempra … [visit site to read more]
|
| Australian Dollar: Under Pressure Posted: 21 Sep 2010 08:20 AM PDT |
| Canadian Dollar: Under Pressure Posted: 21 Sep 2010 08:20 AM PDT |
| Posted: 21 Sep 2010 08:20 AM PDT Fundamentals
|
| Posted: 21 Sep 2010 08:18 AM PDT Being the global leader in retailing software, hardware, and game accessories for video game systems and personal computers, GameStop Corporation (NYSE:GME) is better positioned than its competitors for the economic recovery. The stock is poised to surge once the economy rebounds and demand improves.
|
| Posted: 21 Sep 2010 08:18 AM PDT Housing Starts surged in August, but the good news is probably better toasted with Miller than with Moet. Total housing starts rose 10.5% to an annualized rate of 598,000, well ahead of consensus expectations of just 550,000. However, that was from July starts that were revised down to a rate of just 541,000 rather than the original 546,000. Also, almost all of the increase can be traced to the extremely volatile apartment and condo part of the housing market. Single family starts, which is … [visit site to read more]
|
| You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment