DailyMarkets.com - MoneyGram Eliminates Debt
DailyMarkets.com - MoneyGram Eliminates Debt |
- MoneyGram Eliminates Debt
- Danaher To Acquire Keithley
- Home Depot In Neutral Lane
- UTX To Upgrade Repair Facility
- Initial, Total Jobless Claims Fall
- JPMorgan Halts Foreclosure Process
- Office Depot Gets Contract
- Earnings Scorecard: FedEx
- ZGEN’s Cancer Candidate Encourages
- Shell Makes Brazilian Oil Find
- Dendreon In Neutral Lane
- YRCW’s Agreement With Teamsters
- Aegon Shuts UK Units, Trims Jobs (revised)
| Posted: 30 Sep 2010 12:05 PM PDT Taking its debt reduction initiative one step ahead, on Wednesday MoneyGram International Inc. (NYSE:MGI) announced an optional prepayment of $30 million against its tranche B term loan under its senior secured credit facility.
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| Posted: 30 Sep 2010 12:05 PM PDT Danaher Corporation (NYSE:DHR) is set to acquire Keithley Instruments Inc. (NYSE:KEI) in an all cash deal for $21.60 per share which values the target at $300 million, net of cash. The acquisition will cement Danaher’s leading position in the Test & Measurement industry and provides a catalyst for value addition.
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| Posted: 30 Sep 2010 12:05 PM PDT The Home Depot Inc. (NYSE:HD) is the leading player in the highly fragmented home improvement industry. The company has reinvigorated itself with a shift in focus from new square footage growth to maximization of productivity through its existing store base.
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| UTX To Upgrade Repair Facility Posted: 30 Sep 2010 11:35 AM PDT Pratt & Whitney, a division of United Technologies Corp. (NYSE:UTX) has entered into an agreement with ITR-Turborreactores, S.A. de CV (an ITP Group Company) to build a Designated Service Provider (DSP) Center of Excellence for repair of JT8D engine parts in Queretaro, Mexico, facility of ITR. ITR, a leading company in aerospace industry, is the world's largest independent provider of MRO for the JT8D market.
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| Initial, Total Jobless Claims Fall Posted: 30 Sep 2010 11:05 AM PDT Initial Claims for Unemployment Insurance fell by 16,000 last week to 443,000. That more than reverses last week's increase. Since claims can be volatile from week to week, it is better to track the four-week moving average to get a better sense of the trend. It declined by 6,250 to 458,000. After declining sharply in the second half of 2009, the four-week moving average has been stuck in a tight trading range. Just over a month ago, the weekly number hit 500,000 and threatened to break out … [visit site to read more]
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| JPMorgan Halts Foreclosure Process Posted: 30 Sep 2010 11:05 AM PDT On Wednesday, JPMorgan Chase & Co. (NYSE:JPM) announced that it is stopping nearly 56,000 foreclosures. The company said that it will verify many of the loan documents that some of its employees may have singed without properly verifying the authenticity of the information in them. The verification includes the accuracy of the loan information, including who owns the mortgage. All the suspensions are in the 23 states including Connecticut, Florida, Illinois, New York and New Jersey, where … [visit site to read more]
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| Posted: 30 Sep 2010 11:05 AM PDT Recently, Office Depot Inc. (NYSE:ODP), one of the leading suppliers of office products and services, said that it has received a contract for office supplies, from MDU Resources Group Inc. (NYSE:MDU).
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| Posted: 30 Sep 2010 11:05 AM PDT FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, reported first quarter fiscal 2011 results on September 16, 2010. FedEx earnings missed the Zacks Consensus Estimate by a penny. The company's second quarter and fiscal year 2011 outlook were also disappointing.
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| ZGEN’s Cancer Candidate Encourages Posted: 30 Sep 2010 10:35 AM PDT ZymoGenetics, Inc.'s (NASDAQ:ZGEN) pipeline received a boost when its cancer candidate Interleukin 21 (IL-21) fared well in a mid-stage study. The open-label, single-arm study evaluated recombinant IL-21 as a monotherapy in patients suffering from metastatic melanoma, a deadly form of skin cancer.
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| Shell Makes Brazilian Oil Find Posted: 30 Sep 2010 10:35 AM PDT Energy major Royal Dutch Shell Plc (RDS.A) informed Brazil's oil and gas regulator about the discovery of a new offshore oil site in the country's Santos Basin. Having been drilled to a total depth of 1.25 mile (2 kilometers) below the ocean surface, the well (located in the deep-sea pre-salt concession block BM-S-54) showed indications of hydrocarbons.
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| Posted: 30 Sep 2010 10:05 AM PDT We are maintaining our Neutral recommendation on Dendreon Corporation (NASDAQ:DNDN) with a target price of $44.00.
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| YRCW’s Agreement With Teamsters Posted: 30 Sep 2010 10:05 AM PDT Trucking company YRC Worldwide Inc. (NASDAQ:YRCW) has reached a tentative agreement with the International Brotherhood of Teamsters. This agreement would help the struggling company save $350 million a year through March 2015 and improve its competitive position. The company is expecting that all these processes will be completed by late October 2010.
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| Aegon Shuts UK Units, Trims Jobs (revised) Posted: 30 Sep 2010 10:05 AM PDT As part of an ongoing restructuring program along with efforts to improve profitability, AEGON NV (NYSE:AEG) plans to close its two businesses and slash jobs in the United Kingdom.
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