DailyMarkets.com - CIT To Redeem $2B Series A Notes

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• CIT To Redeem $2B Series A Notes
• Research In Motion Still Neutral
• Fed OKs AT&T-Qualcomm Spectrum Deal
• BP In Service Deal With Oceaneering
• Everest Re Estimates Cat Loss
• GD Submarine Contracts Flowing In
• A.M. Best Rates New Allstate Units
• Praxair Aims TWSCO Acquisition
• Wall Street Extends Gains, Data Mixed
• Gold Futures Lower In Light Holiday Trade
• Harley-Davidson Plans Retrenchment
• SNWV: Remaining Positive Despite FDA Letter
• U.S. Shares Open Higher On Economic Expansion; DOW Up 0.26%
• Forex – EUR/USD Down On Economic Data
• New Home Sales Rise More-than-expected
• Crude Creeps Above $100
• 2012 Outlook: Recent Interviews On Gold, Silver, Rare Earths And Uranium
• Stocks Climb On Data Optimism
• AIM Stocks Once Again Dominate Top 100 UK Stock Market Performers List

CIT To Redeem $2B Series A Notes Posted: 23 Dec 2011 10:05 AM PST On Thursday, CIT Group Inc. (NYSE:CIT) announced that it will redeem $2 billion of 7% Series A Second Lien Notes. These notes include $1.6 billion of Series A Second Lien Notes (maturing in 2015) and nearly $400 million of Series A Second Lien Notes (maturing in 2016). CIT aims to complete the redemption on January 23, 2012, having already given the redemption notice to the trustees. According to the terms, the Series A Notes will be redeemed at par. The Series A notes were issued on December 10, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Research In Motion Still Neutral Posted: 23 Dec 2011 09:50 AM PST Research In Motion Ltd. (NASDAQ:RIMM) is in a complete mess. The company’s revenue and net income plunged in the third quarter of fiscal 2012, future financial outlook is grim, and the stock price is at its trough. We believe  the company has considered its legacy BlackBerry OS as a cash cow for a long time and failed to understand how the consumer tastes are changing for the next-generation smartphones. So far, the company has failed to provide any specific time frame when its free fall will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fed OKs AT&T-Qualcomm Spectrum Deal Posted: 23 Dec 2011 09:35 AM PST The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) finally received approval from the Federal Communications Commission (FCC) to purchase $1.93 billion mobile television spectrum licenses from the U.S. chipmaker Qualcomm Inc. (NASDAQ:QCOM). The purchase of spectrum in the lower 700 MHz frequency band would boost the company's capacity to offer 4G Long-Term Evolution (LTE) mobile broadband services. AT&T's LTE services are currently available in nine cities namely Atlanta, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP In Service Deal With Oceaneering Posted: 23 Dec 2011 09:25 AM PST BP Plc (NYSE:BP) has awarded a three-year Field Support Vessel Services contract to Oceaneering International Inc (NYSE:OII). Per the contract, Oceaneering will provide project management, engineering, and vessel services offshore Angola on Blocks 18 and 31, beginning February 1, 2012.  Two chartered vessels – the Ocean Intervention III and the Bourbon Ocean team 101 – equipped with Oceaneering work class remotely operated vehicles and capable of operating in 3,000 meters of water … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Everest Re Estimates Cat Loss Posted: 23 Dec 2011 09:10 AM PST Everest Re Group, Ltd. (NYSE:RE) expects net loss from claims arising from floods in Thailand to range between $100 million and $125 million, after reinstatement premiums and taxes. The loss to the industry is expected to total $10 billion and $15 billion. The Thai floods occurred after three big typhoons. The company also estimates an increase of about $26 million to its net after-tax loss estimate from the Japan earthquake. The company over the last few quarters continued to suffer cat losses. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Submarine Contracts Flowing In Posted: 23 Dec 2011 08:50 AM PST General Dynamics Electric Boat, a subsidiary of General Dynamics Corporation (NYSE:GD), has received a contract modification worth $191.3 million under which it will continue concept studies, engineering and designing of a Common Missile Compartment for the United Kingdom’s Successor ballistic-missile submarine and the U.S. Ohio replacement submarine. If all options are exercised and funded, the contract will be worth more than $708 million. The employees of the subsidiary with proven technical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A.M. Best Rates New Allstate Units Posted: 23 Dec 2011 08:35 AM PST The credit rating agency, A.M. Best Co. upgraded the Financial Strength Rating (FSR) and Issuer Credit Rating (ICR) of Allstate Corp.'s (NYSE:ALL) recently acquired subsidiary Esurance Insurance Company. The rating agency upgraded the FSR to "A+" from "A-" and ICR to "aa-" from "a-" with a stable outlook. Concurrently, A.M. Best upgraded the FSR of Esurance's subsidiary Esurance Property and Casualty Insurance Company (EPC) to "A+" from "A-"  and ICR to "aa-" … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Praxair Aims TWSCO Acquisition Posted: 23 Dec 2011 08:20 AM PST The leading industrial gas supplier, Praxair Inc's (NYSE:PX) subsidiary, Praxair Distribution Inc. recently announced to have signed an agreement to acquire Texas Welders Supply Company (TWSCO). The target company is based in Houston, Texas. Financial terms of the transaction were not disclosed. The company to be acquired is an independent gas and welding products distributor having relations with Praxair for a long time. Major shares and controlling power rest with its founders, the Chenoweth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Extends Gains, Data Mixed Posted: 23 Dec 2011 08:20 AM PST 12/23/11 US stocks extended gains following mixed US economic data. New home sales and durable goods orders improved, but personal income and spending missed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Lower In Light Holiday Trade Posted: 23 Dec 2011 08:17 AM PST Forexpros – Gold futures fell for the fourth time in five trading sessions in light holiday trade as increased risk appetite lowered the appeal of the yellow metal.. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1608.75 a troy ounce during early U.S. trade dropping 0.11%. It earlier hit a high of USD1615.55 and a low of 1605.35. Gold futures were likely to find support at USD1601.39 and technical resistance exists at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harley-Davidson Plans Retrenchment Posted: 23 Dec 2011 08:10 AM PST Harley-Davidson Inc. (NYSE:HOG) has recently announced its plan to offer voluntary lay-off to the hourly workers at three of its plants located in Milwaukee and Wisconsin. The process will help the company reduce its work force by almost 26%, reflecting annual savings of up to $50 million starting from 2013. The strategic move was first announced in the month of September last year when Harley-Davidson entered into a new seven-year contract with about 950 union workers. The company plans to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SNWV: Remaining Positive Despite FDA Letter Posted: 23 Dec 2011 08:10 AM PST Brian Marckx, CFA FDA RESPONSE Despite compelling phase III trial data that we believe strongly supports dermaPACE as an effective therapy for diabetic foot ulcers, U.S. regulators have said it's not necessarily strong enough to merit FDA approval.  Yesterday (12/21/2011) SANUWAVE (SNWV) announced that the FDA issued a major deficiency letter in response to the company's PMA filing seeking approval of dermaPACE in the treatment of DFU.  SANUWAVE noted that the FDA cites the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Shares Open Higher On Economic Expansion; DOW Up 0.26% Posted: 23 Dec 2011 07:31 AM PST Forexpros – U.S. stocks opened the final trading session of the holiday week Friday, higher on positive durable goods orders. At the open, the Dow Jones Industrial Average advanced 0.26%, the S&P 500 gained 0.83% and the Nasdaq Composite index added 0.21%. Stocks shrugged off consumer spending missing estimates by 0.2% and focused on the bullish data of durable goods climbing 3.8%, the most in four months. Yesterday’s decade low unemployment figures added to the economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Economic Data Posted: 23 Dec 2011 07:15 AM PST Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on New Home Sales. EUR/USD was trading at 1.3034, down 0.13% at time of writing. The pair was likely to find support at 1.2983, Monday's low, and resistance at 1.3196, Wednesday's high. Earlier in the day, official data showed that new home sales in the U.S. rose more-than-expected to a seasonally adjusted annual rate of 315K last month from 310K in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Home Sales Rise More-than-expected Posted: 23 Dec 2011 07:10 AM PST Forexpros – New home sales in the U.S. rose more-than-expected last month, official data showed on Friday. In a report, the Census Bureau said that new home sales rose to a seasonally adjusted annual rate of 315K, from 307K in the preceding month. Analysts had expected new home sales to rise to 313K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Creeps Above $100 Posted: 23 Dec 2011 07:00 AM PST 12/23/11 Front month crude oil prices remained steady again this morning, trading slightly above $100 a barrel ahead of the upcoming holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2012 Outlook: Recent Interviews On Gold, Silver, Rare Earths And Uranium Posted: 23 Dec 2011 06:29 AM PST Happy Holidays! Check out Jeb's recent interviews with CBS Marketwatch, Barron's, Thestreet.com, stocknewsnow.com and The Financial Survival Network.  Please click on the links to read the full articles. New year offers gold another shot at $2,000 By Myra P. Saefong, MarketWatch The recent selloff in gold prices has come despite a bullish outlook for the metal. "The 'cash is king' crowd is at the heights of [its] popularity," said Jeb Handwerger, editor of market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Climb On Data Optimism Posted: 23 Dec 2011 01:15 AM PST 12/23/11 NYFP’s Opening Bell Report: Improved global data and progress in the payroll extension cuts has helped push stocks higher prior to the holiday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AIM Stocks Once Again Dominate Top 100 UK Stock Market Performers List Posted: 23 Dec 2011 02:29 AM PST The absence of a traditional Santa rally on London markets this Christmas sums up the story for beleaguered investors in 2011, particularly during the second half of the year. Twelve months ago analysts were indulging not just in mince pies and Champagne but in speculation that the FTSE 100 would breach 6,000 points by New Year's Eve. This year, relentless macro pressures have dulled the senses more than the booze – and breaking 5,500 would be an achievement for an index that has spent much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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