DailyMarkets.com - Discover Buys Citi’s Student Loans
DailyMarkets.com - Discover Buys Citi’s Student Loans |
- Discover Buys Citi’s Student Loans
- Schneller Now Part Of TransDigm
- CRA Enhances Buyback Activity
- Integra Wins Premier Deal
- Medtronic Starts Post-Approval Study
- Delta Air Lines Remains Neutral
- Delta Air Lines Remains Neutral
- Exxon Divests XTO Assets
- Macy’s Sales Rise
- UDR Acquires Virginia Property
- Monetary Policy Week In Review – 3 September 2011
- Auxilium Outlines Xiaflex Plans
- BHP Approves $367M Expansion
- Pfizer Extends Icagen Tender Offer
- Campbell Soup Tops Estimates
- Bayer Takes Over Pathway Medical
- Chevron On Track With Wheatstone
- Cisco Fortifies Collaboration Suite
- Comcast Remains Neutral
- Some Good Friday Editorials
- US Stocks Slide, Gold Rallies
- Eastman Acquires Scandiflex
- Ugly Jobs Report In Depth, Pt. 2
- Gap’s Revenue Falls Again
- Fifth Third’s Rating Outlook Upped
- D&B Partners Salesforce.com
- Big Banks Fear Mortgage Suits
- Activision Unveils NASCAR Unleashed
- Auto Sales Up A Meager 5%
- Target Sustains Momentum
- CME Launches Coal Swap Futures
- U.S. Markets Close Lower; Dow Jones Down 2.20%
- Bank Of Ghana Holds Interest Rate At 12.50%
- Valero To Buy Murphy Refinery
- Shell Trims Stake In Gassled
- Allstate Retains Neutral Rec
- Explain Why You Were Late On FICO Credit Report
- Forex – Dollar Mixed In U.S. Trade After Labor Data
- Only In California: A Ballot Proposal To Prohibit Foreclosures And Eliminate The Mortgage Industury
- Valeant Pharma To Acquire Afexa
- Nordstrom Sales Going Strong
- U.S. Stocks Fall Sharply In Afternoon Trade; Dow Sinks 2.1%
- Ugly Jobs Report In Depth, Pt. 1
- Suntech Unveils Products In Europe
- Athenahealth Launches Coordinator
- Crude Oil Slumps In U.S. Afternoon Trade
- Bears Augment Put Positions On Consumer Discretionary ETF
- Forbidden Technologies Adds Clesh Publishing Direct To YouTube
Discover Buys Citi’s Student Loans Posted: 02 Sep 2011 03:55 PM PDT Yesterday, Discover Financial Services (NYSE:DFS) made a Securities and Exchange Commission (SEC) filing for the purchase of $2.5 billion worth of private student loans from Citigroup Inc. (NYSE:C), the third largest U.S. bank. The purchase price is $2.48 billion, which translates into a discount of 1% on the outstanding balance and accrued interest. |
Schneller Now Part Of TransDigm Posted: 02 Sep 2011 03:35 PM PDT TransDigm Group Incorporated (NYSE:TDG) has completed the acquisition of Schneller Holdings LLC (Schneller), from an affiliate of Graham Partner Inc. The acquisition was made at the previously agreed cash price of $288.5 million. The deal was made on August 5, 2011 and was expected to close by September 30, 2011, subjected to review under the Hart-Scott-Rodino Act and other customary closing conditions. |
Posted: 02 Sep 2011 03:35 PM PDT CRA International Inc. (NASDAQ:CRAI) recently expanded its share repurchase program to $7.5 million in an effort to optimize shareholders' return. Previously in July 2010, the company's board of directors authorized a share repurchase program of up to $5 million of its common stock. |
Posted: 02 Sep 2011 03:05 PM PDT Medical devices maker, Integra LifeScience Holdings Corporation (NASDAQ:IART) recently secured a new multi-year contract from Premier Purchasing Partners, the group purchasing arm of the Premier healthcare alliance. As per the terms of the deal, Integra will supply its neurosurgical products to the member hospitals of Premier. However, the financial terms of the contract have not been disclosed. |
Medtronic Starts Post-Approval Study Posted: 02 Sep 2011 03:05 PM PDT Medtronic (NYSE:MDT) has started a post-approval study of Endurant AAA Stent Graft System for the treatment of abdominal aortic aneurysms (AAA). The first patient under the post-approval study has been enrolled in early August. The long-term safety and effectiveness study will enroll about 325 patients across 25 sites in the US. |
Delta Air Lines Remains Neutral Posted: 02 Sep 2011 03:05 PM PDT We are reiterating our long-term Neutral recommendation on the second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL). The stock retains the Zacks #3 Rank (Hold) for the short term. |
Delta Air Lines Remains Neutral Posted: 02 Sep 2011 03:05 PM PDT We are reiterating our long-term Neutral recommendation on the second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL). The stock retains the Zacks #3 Rank (Hold) for the short term. |
Posted: 02 Sep 2011 03:05 PM PDT Irving, Texas-based ExxonMobil Corporation (NYSE:XOM) has sold offshore crude wells and other assets from its XTO Energy unit to Dynamic Offshore Resources LLC for $182.5 million. |
Posted: 02 Sep 2011 03:05 PM PDT Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted better-than-expected sales results for the four-week period ended August 27, 2011, despite over 100 store closures over the weekend due to Hurricane Irene, which lowered comparable-store sales by 1.5%. |
UDR Acquires Virginia Property Posted: 02 Sep 2011 03:05 PM PDT UDR, Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently acquired 'Twenty400' – a 217-unit luxury apartment community in Arlington, Virginia, through its joint venture with Kuwait Finance House, an Islamic Sharia-compliant bank. The purchase price of $84 million was funded through a new 5-year $49.5 million interest-only loan from Fannie Mae, a 70% equity contribution from Kuwait Finance House to the tune of $24.15 million, and a 30% equity contribution … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Monetary Policy Week In Review – 3 September 2011 Posted: 02 Sep 2011 02:46 PM PDT The past week in monetary policy saw just 4 central banks review interest rate settings: Belarus increased +500bps to 27.00%, Brazil dropped -50bps to 12.00%, Israel held at 3.25% and Ghana held at 12.50%. Aside from interest rates, the People’s Bank of China was reported as planning to increase the scope of its Required Reserve Ratio, which by some estimates would amount to an effective 100 basis point increase. Also on required reserves, the State Bank of Vietnam raised its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Auxilium Outlines Xiaflex Plans Posted: 02 Sep 2011 02:35 PM PDT Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently announced that it has dismissed all pending litigation against BioSpecifics Technologies Corp. (BSTC). Auxilium Pharma has a development and license agreement with BioSpecifics for Xiaflex, an injectable enzyme (clostridial collagenase for injection). Xiaflex is currently approved for the treatment of Dupuytren's Contracture, a condition that affects the connective tissue in the palm known as palmar fascia. |
Posted: 02 Sep 2011 02:35 PM PDT Recently, BHP Billiton Ltd (NYSE:BHP) has approved US$367 million more for the third stage of development of Newcastle Coal Infrastructure Group's (NCIG) coal handling operations in Newcastle, Australia. |
Pfizer Extends Icagen Tender Offer Posted: 02 Sep 2011 02:35 PM PDT Pfizer Inc. (NYSE:PFE) recently extended the expiration date of its tender offer for all outstanding shares of Icagen, Inc. (NASDAQ:ICGN). The tender offer, which was slated to expire on August 31, 2011 (12:00 midnight, New York City time), is now scheduled to expire on September 1, 2011 (12:00 midnight, New York City time). |
Posted: 02 Sep 2011 02:35 PM PDT Campbell Soup Company (NYSE:CPB) reported robust fiscal 2011 fourth-quarter adjusted earnings of 43 cents per share, beating the Zacks Consensus Estimate of 37 cents and year-ago results of 33 cents per share. |
Bayer Takes Over Pathway Medical Posted: 02 Sep 2011 02:35 PM PDT Germany's Bayer (BAYRY) recently announced that it has purchased the Kirkland, Washington based Pathway Medical Technologies, Inc. Bayer's subsidiary, MEDRAD, Inc, a leading medical devices maker, bought Pathway for an undisclosed amount. Other terms of the transaction were not revealed. |
Chevron On Track With Wheatstone Posted: 02 Sep 2011 02:35 PM PDT Global integrated energy company, Chevron Corporation's (NYSE:CVX) Wheatstone liquefied natural gas (LNG) project has won the environmental approval from the West Australian state government. While the permit takes the multi-billion dollar project a step ahead, it comes with 25 conditions on the protection of marine fauna, including whales, turtles and dugongs. |
Cisco Fortifies Collaboration Suite Posted: 02 Sep 2011 02:35 PM PDT Cisco Systems, Inc. (NASDAQ:CSCO) recently acquired San Francisco based privately held software company, Versly, for an undisclosed amount. All Versly employees will be integrated into Cisco's Collaboration Software Group (CSG) upon closure of the deal. |
Posted: 02 Sep 2011 02:35 PM PDT Comcast Corp. (NASDAQ:CMCSA) is all set to become a media power house armed with a unique control over both content and distribution after completing the acquisition of a controlling stake in NBC Universal. Comcast now serves one-fourth of the U.S.'s pay-TV households supported by a large content-creation empire. |
Posted: 02 Sep 2011 02:35 PM PDT 1. “A Case Against the Case Against Walmart,” by Art Carden in the Washington Examiner. Critics of Walmart have the burden of proof. 2. “Mr. Obama, Tear Down Those Union Posters,” by Diana Furchtgott-Roth in the Washington Examiner, about the NLRB requirement for employers to put up 11-by-17-inch posters informing workers of their right to unionize. |
Posted: 02 Sep 2011 02:31 PM PDT 09/02/11 US stock averages settled lower, following a dismal jobs report. Gold soared 10% for the week, boosted by Friday’s risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 02 Sep 2011 02:05 PM PDT Eastman Chemical Co. (NYSE:EMN) acquired Scandiflex do Brasil SA Industrias Quimicas for an undisclosed amount to expand its plasticizer business in Latin America. The Brazilian company manufactures materials used to produce pliable plastic. |
Ugly Jobs Report In Depth, Pt. 2 Posted: 02 Sep 2011 02:05 PM PDT This month's employment report was just plain ugly. There were, on balance, NO new jobs created in August, according to the establishment survey. Also, the job creation totals for July were cut to 85,000 from 117,000, and for June to just 20,000 from last month's estimate of 46,000. We were also far below the consensus expectation of 75,000 jobs being created. The household survey was stronger, but not exactly great either. The unemployment rate was unchanged at 9.1%, and down from 9.6% a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 02 Sep 2011 02:05 PM PDT Gap Inc. (NYSE:GPS), one of the leading global specialty retailers, reported a decline of 6.0% in same store sales for the four-week period ended August 27, 2011. Results for the month compared unfavorably with same store sales, which remained flat as of August 28, 2010. |
Fifth Third’s Rating Outlook Upped Posted: 02 Sep 2011 01:50 PM PDT The rating outlook on Fifth Third Bancorp (NASDAQ:FITB) has been raised to positive from stable by Standard & Poor’s Ratings Services. The revision results from the company's improvement in credit quality. |
Posted: 02 Sep 2011 01:35 PM PDT Dun & Bradstreet Corp. (NYSE:DNB) and enterprise cloud computing company Salesforce.com (NYSE:CRM) recently entered into a partnership, under which D&B will be the exclusive provider of company information on 200 million global businesses for Data.com. |
Posted: 02 Sep 2011 01:35 PM PDT More than a dozen big banks could be sued by the U.S. Federal Housing Finance Agency (FHFA) for infringing commitments on the quality of mortgage securities sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the housing bubble, the New York Times reported on Thursday. As the overseer of mortgage giants Fannie Mae and Freddie Mac, the FHFA is contriving to charge these banks billions of dollars as compensation. |
Activision Unveils NASCAR Unleashed Posted: 02 Sep 2011 01:35 PM PDT Its time again to fasten the seat belts and speed through the racing tracks as Activision Blizzard Inc. (NASDAQ:ATVI) unveiled its latest racing spectacle NASCAR Unleashed. This is the latest entrant in the NASCAR racing series after NASCAR The Game 2011. The game is set to release this holiday season. |
Posted: 02 Sep 2011 01:35 PM PDT Light vehicle sales in the U.S. increased a tad 5% to a seasonally adjusted annualized rate of 12.10 million vehicles in August from 11.52 million vehicles in the same month last year. All the major automakers posted a double-digit rise in sales except Toyota Motor Corp. (NYSE:TM) and Honda Motor Corp. (NYSE:HMC). |
Posted: 02 Sep 2011 01:35 PM PDT Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted healthy sales results for the four-week period ended August 27, 2011. |
CME Launches Coal Swap Futures Posted: 02 Sep 2011 01:35 PM PDT Yesterday CME Group Inc. (NASDAQ:CME), the largest U.S. futures exchange operator, announced the launch of two thermal coal swap futures contracts, China coal swap futures and Coal Newcastle FOB. The futures will be traded over-the-counter (OTC) from September 12, 2011. |
U.S. Markets Close Lower; Dow Jones Down 2.20% Posted: 02 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 2.20%, the S&P 500 index shed 2.53%, while the Nasdaq 100 index declined 2.31%. Earlier in the day, official data showed that U.S. non-farm payrolls remained unchanged unexpectedly at a seasonally adjusted 0K last month, from 85K in the preceding month whose figure was revised down from 117K. Analysts had expected U.S. non-farm payrolls to rise 74K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Bank Of Ghana Holds Interest Rate At 12.50% Posted: 02 Sep 2011 01:11 PM PDT The Bank of Ghana held its key lending rate unchanged at 12.50%, pausing after two consecutive 50 basis point cuts. Bank of Ghana Governor, Kwesi Amissah-Arthur, said: “Inflation expectations are well-anchored and have stabilized along the single digit path, supported by favourable food prices. The rate has continued to decline and the 9 per cent target for the year is achievable.” However the Bank also noted: “Despite the improved macroeconomic fundamentals, upside risks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 02 Sep 2011 01:05 PM PDT Valero Energy Corp. (NYSE:VLO) has reached an agreement with Murphy Oil Corp. (NYSE:MUR) to acquire its final refinery in the U.S. Post acquisition, the U.S. independent refiner will widen its footprint in the U.S. Gulf region. |
Posted: 02 Sep 2011 01:05 PM PDT Leading European oil firm Royal Dutch Shell plc (RDS.A) has signed a deal with Infragas Norge AS – an indirect wholly-owned subsidiary of one of Canada's largest pension investment managers – for the sale of its stake in a natural gas transport infrastructure joint venture, Gassled, for 3.9 billion kroner, or $723 million. Shell will execute the deal through its wholly owned subsidiary A/S Norske Shell. |
Posted: 02 Sep 2011 01:05 PM PDT We reiterate our recommendation on Allstate Corp. (NYSE:ALL) based on the current sustainability factor. The company's second quarter operating loss of $1.23 per share came in modestly lower than the Zacks Consensus Estimate of a loss of $1.53 but lagged the year-ago quarter's earnings of 81 cents per share. |
Explain Why You Were Late On FICO Credit Report Posted: 02 Sep 2011 01:01 PM PDT |
Forex – Dollar Mixed In U.S. Trade After Labor Data Posted: 02 Sep 2011 12:46 PM PDT Forexpros – |
Only In California: A Ballot Proposal To Prohibit Foreclosures And Eliminate The Mortgage Industury Posted: 02 Sep 2011 12:40 PM PDT Here is some of the language below from a ballot proposal in California called the “Foreclosure Modification Act,” scheduled to go on the November 2012 ballot if supporters get the required minimum 800,000 voter signatures. It was approved in late July by the California attorney general for signature collection. Makes home ownership a fundamental right for every Californian. |
Valeant Pharma To Acquire Afexa Posted: 02 Sep 2011 12:35 PM PDT Canadian drug maker Valeant Pharmaceuticals International, Inc. (NYSE:VRX) announced that it has entered into yet another deal, this time to expand the Canadian over-the-counter (OTC) business. Valeant Pharma has entered into an agreement to acquire another Canadian company Afexa Life Sciences Inc. for a cash consideration of 76 million Canadian dollars. |
Posted: 02 Sep 2011 12:35 PM PDT Same-store sales at Nordstrom Inc. (NYSE:JWN) grew by 6.7% for the four-week period ended August 27, 2011. Total retail sales in August 2011 climbed 12.4% to $691 million from $615 million for the four-week period ended August 28, 2010. |
U.S. Stocks Fall Sharply In Afternoon Trade; Dow Sinks 2.1% Posted: 02 Sep 2011 12:08 PM PDT Forexpros – |
Ugly Jobs Report In Depth, Pt. 1 Posted: 02 Sep 2011 12:05 PM PDT The total number of people employed was unchanged in August, not a single job gained or lost. That is much worse than consensus expectations for a gain of 75,000. This report was also worse than the ADP report on Wednesday. That report showed 91,000 private sector jobs created, and the expectations were for the BLS to show 111,000 new private sector jobs. The "actual" BLS number of private sector jobs was just 17,000. Government payrolls declined by 17,000. The Federal Government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Suntech Unveils Products In Europe Posted: 02 Sep 2011 12:05 PM PDT Suntech Power Holdings Co. Ltd. (NYSE:STP) has introduced its new generation high-efficiency HiPerforma product line in Europe with the launch of two products, HiPerforma Pluto Vdm-295 and HiPerforma Wdm-245. |
Athenahealth Launches Coordinator Posted: 02 Sep 2011 12:05 PM PDT Leading vendor of cloud-based services for physician practices, Athenahealth (NASDAQ:ATHN) recently launched athenaCoordinator, its new cloud-based offering intended to tackle systemic problems, which have blocked proper coordination of care spanning the health care supply chain. |
Crude Oil Slumps In U.S. Afternoon Trade Posted: 02 Sep 2011 11:27 AM PDT Forexpros – |
Bears Augment Put Positions On Consumer Discretionary ETF Posted: 02 Sep 2011 10:57 AM PDT Bears augment put positions on Consumer Discretionary ETF |
Forbidden Technologies Adds Clesh Publishing Direct To YouTube Posted: 02 Sep 2011 06:01 AM PDT Forbidden Technologies (LON:FBT), the AIM quoted developer of the market leading Cloud video platform FORscene, has released an upgrade to its Clesh Cloud-based consumer editing software that enables publishing direct to the YouTube site. The new publishing feature simplifies the process of publishing to YouTube – and consequently the whole end-to-end process of shooting, editing and publishing of home videos. Forbidden’s Clesh app, available on over 300 types of Android device (in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
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