| 163 Business News - General Resources |
| AIG |
| AIG CEO defends company amid huge losses |
| AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said on Friday, the day after the company posted a net loss of more than $4 billion. |
| November 4, 2011 |
| Airlines |
| Study finds unexplored link between airlines' profitability and their accident rates |
| Airlines' accident risk is highest when they are performing very close to their financial targets, according to a study by a professor in BYU’s Marriott School of Management. |
| December 28, 2011 |
| British Airways Bid For BMI Stirs Up Airline Competition Battle |
| After a bankruptcy filing by American Airlines in November left one of the last major U.S. airlines in either Chapter 9 or a merger, now British Airways and Iberia Airlines have won a bid to acquire British Midland International from German Lufthansa on Thursday. The pair reached a binding agreement Thursday for a purchase of $270 million. |
| December 22, 2011 |
| American Airlines as tablet showroom: Apple enterprise grade, Samsung consumer |
| American Airlines on Tuesday got approval from the Federal Aviation Administration to put Apple iPads in the cockpit in all phases of flight. A day later American Airlines touted Samsung Galaxy Tab 10.1 devices in the cabin for inflight entertainment. |
| December 14, 2011 |
| After American Airlines Bankruptcy, Your Frequent Flyer Miles May Be Worth Less |
| When I heard that AMR Corporation, parent company of American Airlines and American Eagle, had filed for Chapter 11 bankruptcy protection on Nov. 29, the first thing I did was open the airline’s app on my iPad and check to see how many frequent flyer miles I had. Since joining the AAdvantage program in 1990, I’ve practically become a millionaire — of frequent flyer miles, that is. |
| December 2, 2011 |
| Bankruptcies |
| Kodak files for Chapter 11 bankruptcy |
| Yet another classic camera manufacturer was unable to stay afloat in a digital age |
| January 19, 2012 |
| Banks - Banking - Bailouts - TARP - Toxic Assets - Treasury (The) |
| Kommuninvest Plans Benchmark 5-Year Dollar Bond |
| Sweden's Kommuninvest is planning a benchmark-size, dollar-denominated, five-year bond, one of the banks running the deal said Friday. |
| February 3, 2012 |
| Rise In Risky Mortgage-Bond Trading May Invite Fed $6 Billion Sale |
| Trading in the riskiest mortgage-backed securities has more than doubled since the start of the year, encouraging once-shy investors to try to strike deals with motivated sellers, including the Federal Reserve Bank of New York. |
| February 3, 2012 |
| Brazil Hackers Hamper Global Banking Websites Of HSBC |
| Hackers in Brazil on Thursday renewed their campaign to cripple banking websites and, in a new twist, their efforts appeared to affect both local and global websites of U.K.'s HSBC Holdings PLC. |
| February 2, 2012 |
| Deutsche Bank CEO Says Solution On Greece Very Close |
| Deutsche Bank AG Chief Executive Josef Ackermann, who is also chairman of the International Institute of Finance, said he believes an agreement between creditors to reduce Greece's sovereign debt is close and that he will return to the country this weekend to continue talks on private-sector participation. |
| February 2, 2012 |
| Bank Regulators Issue Guidance On Allowance Of Loan Losses |
| Regulators, reminding lenders to monitor credit quality indicators, issued new guidance on practices for estimating potential losses on loans. |
| January 31, 2012 |
| Citigroup Head Of Banking For France, Coutts, Leaves |
| Eric Coutts, head of banking for France at Citigroup Inc., has left the company "by mutual agreement," the bank said Monday, Reuters reported on its website. |
| January 30, 2012 |
| Maybank Extends $330.6 Million Term Loan To Bajradaya Sentranusa |
| Malayan Banking Bhd said Monday it has arranged a $330.6 million term loan for power producer PT Bajradaya Sentranusa of Indonesia. |
| January 30, 2012 |
| US Banks Have Too Much Cash; Low Rates Limit Investment Options |
| America's banks have an unusual problem: They have more cash than ever but they are making much less from it. |
| January 30, 2012 |
| Taxpayers still owed $132.9B from bailout: report |
| A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven't repaid from the financial bailout, and some of that will never be recovered. |
| January 26, 2012 |
| BNP Paribas Chairman: New EU Regulation Forcing Banks To Change Business Model |
| Banks in Europe are facing a "regulatory Tsunami" at a time when investors' risk aversion has never been so high, BNP Paribas Chairman Baudouin Prot said at a conference in Paris Tuesday. |
| January 24, 2012 |
| EU Barnier Says UK Bank Rules Compatible With EU |
| U.K. proposals requiring banks to ring fence their retail operations in separate units will be compatible with new EU financial regulation, the European Union's single market chief said Monday. |
| January 23, 2012 |
| IMF Chief: No Need to Double Bailout Fund |
| Europe should boost the size of its future bailout fund, the European Stability Mechanism (ESM), but there is no need to double it, the head of the International Monetary Fund said on Monday. |
| January 23, 2012 |
| Citigroup Issuing Benchmark 30-Year USD Deal Thursday -Source |
| Citigroup plans to issue a benchmark size, 30-year deal of senior unsecured notes in the U.S. bond market Thursday, according to a person familiar with the issue. Benchmark typically means a minimum of $500 million. |
| January 19, 2012 |
| Fed Sells $7B In AIG Bailout Assets To Credit Suisse |
| Maiden Lane II, one of the vehicles used by the New York Fed to manage distressed assets bought to bail out AIG in the heat of the financial crisis, announced it sold $7.014 billion in face value of assets to Credit Suisse. |
| January 19, 2012 |
| Ireland Passes Fifth Bailout Review By EU-IMF-ECB Troika |
| Ireland has passed the fifth review of progress under its bailout program by the European Commission, the International Monetary Fund and the European Central Bank, the Department of Finance said in a statement Thursday. |
| January 19, 2012 |
| NAB Guidance On 3-Year Sterling Covered Bond At Libor +1.45-1.50 |
| National Australia Bank Ltd., or NAB, has set price guidance on its sterling-denominated, floating-rate covered bond, one of the banks running the deal said Thursday. |
| January 19, 2012 |
| PPG Industries 4Q Net Up 5.4% On Industrial-Coating Unit Growth |
| PPG Industries Inc.'s fourth-quarter earnings rose 5.4% as higher selling prices continued to help the company's performance-coatings segment, and its industrial-coating business posted higher sales. |
| January 19, 2012 |
| Brazil's BNDES Lending Declines As Bank Implements 'Moderation' Policy |
| The Brazilian Development Bank, or BNDES, slowed lending to companies in 2011 as it implemented a "moderation" policy that will likely continue this year, the bank's president, Luciano Coutinho, said Wednesday. |
| January 18, 2012 |
| Korea's Shinhan Bank 5.5-Year US Deal At 370BPs+Treasurys |
| Shinhan Bank, the banking unit of Korea's Shinhan Financial Group Co., intends to sell $700 million of 5.5-year notes in the U.S. debt markets Wednesday. |
| January 18, 2012 |
| Lehman Trustee Explains Rationale For Prime Brokerage Claims |
| The trustee liquidating Lehman Brothers Holdings Inc.'s (LEHMQ) brokerage unit explained his rationale for wanting to return $2.2 billion in cash plus about $6.1 billion of account positions to the firm's European prime brokerage clients, as the European unit continues to fight for more. |
| January 18, 2012 |
| Picking Up On Theme, Loans Are Also Growing At Regional Banks |
| Much as their larger brethren have seen, U.S. regional banks benefited from an improved lending climate in the fourth quarter, as U.S. Bancorp fired on all cylinders, while PNC Financial Services Group Inc.'s loan growth was a bit more modest. |
| January 18, 2012 |
| US Bancorp Confirms Foreclosure Talks Extend To Regional Banks |
| U.S. Bancorp Inc. on Wednesday confirmed that negotiations between banks, regulators and state attorneys general to settle messy foreclosures now include regional banks. |
| January 18, 2012 |
| Analysis: Rescue fund downgrade raises pressure on euro zone |
| Political resistance is clashing with financial imperatives as the euro zone tries to strengthen its capacity to rescue debt-stricken member states after Europe's temporary bailout fund lost its top-notch credit rating. |
| January 17, 2012 |
| Greeks Protest Austerity as EU, IMF Officials Visit |
| Thousands of angry Greek workers marched to parliament on Tuesday to protest against austerity, waving banners reading "EU, IMF out!" as Athens' lenders arrived for talks in a race against the clock to avert a messy bankruptcy. |
| January 17, 2012 |
| Bank of America puts advertising account on review |
| Bank of America Corp has put its advertising account up for review as it seeks to mold a new image for a company that has changed significantly since the financial crisis and suffered repeated blows to its brand. |
| January 11, 2012 |
| Banking giant BBVA moves internal apps to Google cloud |
| Spanish bank vows to keep customer data in its own data centres, however |
| January 12, 2012 |
| Fed won't bail Europe out, Bernanke tells lawmakers |
| Federal Reserve Chairman Ben Bernanke told Republican senators on Wednesday the Fed can't and won't provide bailout funds to support European banks or nations, lawmakers said. |
| December 14, 2011 |
| Debit Fee Cut Killing Bank Profits: Analysts |
| Legislation known as the Durbin Amendment that limits fees banks can charge retailers on debit card transactions is proving more damaging than previously thought, according to analysts. |
| December 7, 2011 |
| Bank profits continue to climb: FDIC |
| U.S. bank earnings reached their highest point since the second quarter of 2007 but the industry continues to have trouble boosting revenue with the economy struggling. |
| November 22, 2011 |
| Bank Of England Leaves Monetary Policy Unchanged |
| The Bank of England, as expected, on Thursday said its Monetary Policy Committee left its key lending rate unchanged at a record low 0.5%, where it has remained since March 2009. Policy makers also left the central bank's program of asset purchases unchanged at 275 billion pounds a month after they boosted it by 75 billion pounds, effectively reviving the central bank's quantitative-easing effort. The BOE said it expects the additional purchases to take another three months to complete. |
| November 10, 2011 |
| New Kinect app lets people do their banking with gestures |
| Would you like to do activities such as online banking with the coolness factor of a motion controlled Xbox 360 game? The Lithuanian based company Etronika hopes so. The company recently announced it has developed a new application based on Microsoft's Kinect motion controller camera that lets people use just the movements of their hands and arms to control a number of online banking features. |
| October 17, 2011 |
| Bonds and Treasury Notes |
| Atlantia Prices EUR1 Billion 4.5% Bond Maturing 2019 |
| Italian toll-road operator Atlantia SpA priced a EUR1 billion, seven-year bond, one of the banks running the deal said Thursday. |
| February 2, 2012 |
| Bank Of America Issuing Benchmark 2-Pt Deal In US Bond Market |
| Bank of America Corp. plans to issue a two-part bond deal Thursday featuring 30-year bonds and a reopening of 10-year notes due 2022, according to a person familiar with the deal. |
| February 2, 2012 |
| Coventry Building Society Plans 3-Year Sterling Covered Bond |
| Coventry Building Society is planning a benchmark-size, sterling-denominated, three-year, floating-rate covered bond, one of the banks running the deal said Thursday. |
| February 2, 2012 |
| Ineos Sets Pricing On $850 Million Euro, Dollar 7-Year Bond |
| Swiss-owned multinational chemicals producer Ineos has set price guidance on its $850 million, seven-year bond, one of the banks involved in the deal said Thursday. |
| February 2, 2012 |
| Lloyds TSB Bank Plans Hybrid Bond Exchange Offer |
| LLoyds TSB Bank PLC is offering investors holding Tier 1 notes issued by HBOS Euro Finance the opportunity to exchange them for new Lower Tier 2 bonds amid ongoing uncertainty about upcoming banking regulation in Europe. |
| February 2, 2012 |
| Bank Of Italy Authorizes Lenders To Buy Back Own Bonds |
| The Bank of Italy has authorized local lenders to buy back some of their own debt securities that count as regulatory capital. |
| February 1, 2012 |
| BayernLabo Plans Euro 10-Year Senior Unsecured Bond |
| The German mortgage bank Bayerische Landesbodenkreditanstalt, known as BayernLabo, has planned a 10-year, senior unsecured bond denominiated in euros, one of the banks running the deal said Wednesday. |
| February 1, 2012 |
| Nordea Bank Plans Euro Benchmark Lower Tier 2 Bond |
| Nordea Bank AB has planned a euro-denominated, benchmark-size Lower Tier 2 bond, one of the banks running the deal said Wednesday. |
| February 1, 2012 |
| Praxair Issuing $500 Million In US Bond Market Wednesday |
| Praxair Inc., an industrial gas supplier, plans to borrow $500 million from the U.S. credit markets Wednesday, according to a person familiar with the deal. |
| February 1, 2012 |
| Daimler Prices GBP500 Million 3.5% Bond Maturing 2019 |
| Daimler International Finance, a subsidiary of Daimler AG (DAI.XE), priced a GBP500 million bond, maturing 2019, one of the banks running the deal said Monday. |
| January 30, 2012 |
| Fed Call: Central Bank To Buy Treasurys Due 2020 To 2021 |
| The Federal Reserve is scheduled to buy long-dated Treasury securities Monday for its stimulus plan that extends the average maturity of the U.S. government debt sitting on its balance sheet. |
| January 30, 2012 |
| GE Capital Prices GBP635 Million 2019 4.375% Bond At 99.278 |
| GE Capital, the lending arm of General Electric Co., has priced its GBP625 million bond, maturing 2019, at 290 basis points over the corresponding gilt, one of the banks running the deal said Thursday. |
| January 26, 2012 |
| Israel Plans Dollar Benchmark 10-Year Bond |
| Israel is planning a dollar-denominated, benchmark-size bond maturing June 2022, one of the banks running the deal said Monday. |
| January 23, 2012 |
| Philip Morris International Marketing 2-Part Bond Issue |
| Cigarette maker Philip Morris International Inc. is in the market to sell 10- and 30-year bonds Tuesday, the company said in a regulatory filing. |
| November 8, 2011 |
| Buyouts - Take Overs - Mergers - Sales |
| Glencore, Xstrata Discussing $80B Merger |
| Commodities trader Glencore is in talks to buy mining group Xstrata in an all-share transaction that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the industry with its biggest deal to date. |
| February 2, 2012 |
| RBS To Sell RBS Hoare Govett Corporate Broking For Nominal Cash |
| Royal Bank of Scotland Group PLC, the 83% U.K government owned bank, said Wednesday that it has agreed to sell its RBS Hoare Govett corporate broking operations and transfer certain other professionals to Jefferies International Ltd. |
| February 1, 2012 |
| ThyssenKrupp To Sell Stainless Unit To Outokumpu In EUR2.7 Billion Deal |
| German steelmaker and engineering company ThyssenKrupp AG agreed to sell its Inoxum stainless steel division to Finland's Outokumpu Oyj in a transaction that values the operations at around EUR2.7 billion and creates the world's largest stainless steel producer, the companies said Tuesday. |
| January 31, 2012 |
| Apax To Raise $1.5 Billion For Orange Switzerland Deal |
| Leveraged buyout firm Apax Partners LLP plans to raise 1.4 billion Swiss francs in loans and bonds, roughly $1.5 billion, to finance its leveraged buyout of France Telecom SA's Orange Switzerland mobile phone unit, two people familiar with the matter said Friday. |
| January 27, 2012 |
| Apache to pay $2.8 billion for Anadarko basin acreage |
| Oil and gas producer Apache Corp (APA.N) will buy privately held Cordillera Energy Partners III in a cash-and-stock deal worth $2.85 billion, part of a plan to expand its holdings of energy-rich reserves in the Midwestern United States. |
| January 23, 2012 |
| Bridgepoint In Exclusive Talks For Morgan Stanley Unit - Source |
| Bridgepoint is in exclusive talks to buy Morgan Stanley's wealth management unit, Quilter, a person familiar with the situation told Dow Jones Newswires Monday. |
| January 23, 2012 |
| WebMD scraps sale talks, warns of weak 2012 |
| Popular health information website WebMD Health Corp took itself off the auction block and warned investors of lower 2012 profits as its advertisers in the drug industry pull back on spending. |
| January 10, 2012 |
| AT&T’s T-Mobile Plan B: Buy everything else |
| AT&T was unable to acquire T-Mobile USA from Deutsche Telekom AG. Even while the transaction was still in progress, many people were wondering what AT&T would do if this situation occurred. |
| January 9, 2012 |
| AT&T Scraps Deal to Buy T-Mobile USA |
| After the bell on Monday, AT&T said it has ended its attempt to acquire T-Mobile USA for $39 billion. |
| December 19, 2011 |
| Eldorado Buys European Goldfields for $2.5B |
| Shares of Eldorado Gold were trading down nearly 12% on Monday after the company announced plans to buy European Goldfields in a cash-and-stock deal valued at $2.5 billion Canadian. |
| December 19, 2011 |
| Verizon Buying Netflix Would Put Juicy FiOS Revenue At Risk |
| After rumors that Verizon was looking to partner with RedBox to provide stand-alone online streaming services next year, a recent report indicated that Verizon is now looking at potentially placing a bid for Netflix instead. This came as a welcome respite to Netflix’s shares that rose over 6% after the news broke on Monday. |
| December 16, 2011 |
| Lam Buying Novellus for $3.3 Billion in Stock |
| Wafer fabrication equipment supplier Lam Research unveiled a $3.3 billion all-stock buyout of Novellus late Wednesday in a deal that carries a 28% premium on the chip equipment maker. |
| December 15, 2011 |
| Coca-Cola Buys Stake in Saudi Beverage Company for $980M |
| Setting its sights on the potential of emerging markets in the Middle East, Coca-Cola announced a $980 million deal on Wednesday to buy a 50% stake in Saudi beverage company Aujan Industries. |
| December 14, 2011 |
| EU halts Google-Motorola merger review, asks for more info |
| The European Union has stopped its review of the planned merger between Motorola Mobility and Google, a filing posted to the European Commission's website on Monday says. The EU is asking for more information, and will continue its review once it is received. |
| December 12, 2011 |
| Kaspersky DLP spin-off buys German security firm |
| InfoWatch, a spin-off of Kaspersky Lab, said the deal will help to sell its technology to more customers in western Europe, particularly small and medium-sized businesses. |
| December 12, 2011 |
| Verizon CEO: We looked at buying Hulu |
| Verizon Communications considered buying Hulu when the streaming-video site was shopping itself around to potential acquirers earlier this year. |
| December 7, 2011 |
| AT&T sets aside $4 billion for T-Mobile breakup fee |
| The move comes two days after the Federal Communications Commission took the unusual step of recommending that AT&T's proposed $39 billion takeover of T-Mobile go to an administrative hearing. The maneuver, a sign of opposition to the deal, makes the FCC the second regulatory to object. |
| November 24, 2011 |
| Oracle to buy RightNow for about $1.5 billion |
| Oracle's bid amounted to a 20 percent premium over RightNow's closing price on Friday. RightNow's shares rose 19 percent in early trading. |
| October 24, 2011 |
| Credit Cards |
| Target To Again Suspend Efforts To Sell Credit-Card Receivables |
| Target Corp. said it will again suspend its efforts to sell its credit-card receivables until later this year and outlined plans to pay J.P. Morgan Chase & Co. about $2.8 billion, along with a make-whole premium, to retire financing it received in 2008. |
| January 18, 2012 |
| Credit Markets |
| S&P: More Bonds at Risk on EU Crisis |
| Standard & Poor's on Tuesday said there is a greater number of sovereign and banking bonds at risk of ratings downgrades as a result of its recent warning that it might cut the credit ratings on 15 euro zone nations. |
| December 13, 2011 |
| S&P, Moody's And Fitch: Do We Need Them? |
| Imagine if Lehman Brothers survived the financial crisis in 2008 and now in 2011 was advising clients to buy large positions in subprime mortgages. Better yet, imagine that the requirements for subprime mortgages remained the same: no income, no job and no assets still got you a loan. |
| December 6, 2011 |
| Credit Rating |
| S&P Removes Duka As CMBS Ratings Chief, Report Says |
| Standard & Poor's has removed the head of its commercial mortgage-backed securities ratings group, a trade publication reported, several months after S&P was criticized for derailing a bond issue by withdrawing its rating at the last minute. |
| February 3, 2012 |
| Sony, Panasonic debt ratings cut on TV losses |
| Japan's Sony and Panasonic both had their debt ratings downgraded on Friday by Moody's Investors Service, which cited concerns about continued losses in their TV divisions, two weeks ahead of their earnings announcements. |
| January 20, 2012 |
| Moody's warns it will likely cut big bank ratings |
| Moody's Investors Service, the credit rating agency of Moody's Corp, warned on Thursday that it is likely to make further cuts in credit ratings of many European banks and global investment banks. |
| January 19, 2012 |
| Moody's keeps French AAA credit rating |
| Ratings agency Moody's has said it is maintaining France's top AAA credit rating for now, three days after the country was downgraded by another agency, Standard & Poor's (S&P). |
| January 16, 2012 |
| French TV Says S&P Has Cut France's 'AAA' Credit Rating, Citing Source |
| Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source. |
| January 13, 2012 |
| Futures Add to Losses on S&P Downgrade Report |
| Stock-index futures fell deeper into the red on Friday on a report suggesting Standard & Poor's plans on imminently downgrading several eurozone countries. |
| January 13, 2012 |
| Moody's cut means Belgium must hit deficit goal |
| The downgrade of Belgium's credit rating by agency Moody's underlines the need to cut the budget deficit next year to 2.8 percent of GDP as agreed by the ruling coalition, Belgian Finance Minister Steven Vanackere said on Saturday. |
| December 17, 2011 |
| S&P: Eurozone Efforts May Not Be Enough |
| Ratings agency Standard & Poor's put more pressure on the euro zone on Monday, with its chief economist saying time was running out for the currency bloc to resolve its debt problems and that it might need another financial shock to get it moving. |
| December 12, 2011 |
| French Bank Downgrades: Moody's Hits BNP, Credit Agricole, SocGen |
| Moody's did not wait for the EU summit to conclude on Friday before jumping in with downgrades on three large French banks. A move by the ECB on Thursday to provide more liquidity to Europe's cash-strapped banks may be enough to offset a sell-off in bank stocks after the downgrade, but it offers more evidence of the challenges that European banks face ahead of the June 2012 deadline to meet capital requirements. |
| December 9, 2011 |
| Dividends |
| Seagate Technology plc Increases Quarterly Cash Dividend By 39% And Announces New Share Repurchase Of $1 Billion |
| Seagate Technology plc today announced that its Board of Directors has approved an increase to its quarterly cash dividend from $0.18 per share to $0.25 per share, an increase of 39%. |
| January 27, 2012 |
| Zimmer board approves quarterly cash dividend and new share repurchase program |
| Zimmer Holdings, Inc., a global leader in musculoskeletal care, today announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders for the first quarter of 2012. Zimmer's Board of Directors also has authorized a new share repurchase program. |
| December 19, 2011 |
| Microsoft Declares Quarterly Dividend |
| Microsoft Corp. today announced that its board of directors declared a quarterly dividend of $0.20 per share. The dividend is payable March 8, 2012 to shareholders of record on February 16, 2012. The ex-dividend date will be February 14, 2012. |
| December 14, 2011 |
| PDL pays regular quarterly dividend payment of $0.15 per share |
| PDL BioPharma, Inc. today announced that it has paid the December 15, 2011, regular quarterly dividend payment of $0.15 per share to all stockholders owning shares of PDL as of December 8, 2011, the record date. |
| December 15, 2011 |
| Pfizer names Read chairman, OKs $10 billion in buybacks |
| Pfizer Inc, the world's biggest drugmaker, named Chief Executive Ian Read to the additional post of chairman and authorized buying back company stock for up to $10 billion. |
| December 12, 2011 |
| First Surgical board declares quarterly cash dividend |
| First Surgical Partners Inc., which provides non-emergency surgeries through its two ambulatory surgery centers and a general acute care hospital, today announced that its Board of Directors has declared a quarterly cash dividend of $.0225 per share on the Company's common stock to be paid on November 14, 2011 to stockholders of record on November 11, 2011. |
| An Article - November 11, 2011 |
| Merck ups dividend, first time since Vioxx pulled |
| Merck & Co raised its quarterly dividend 11 percent, the first increase since the company's painkiller Vioxx was withdrawn in 2004, and said it expects to file for approval of five new drugs within the next two years. |
| November 10, 2011 |
| RBS Looking At $1.5 Billion Dividend |
| The Royal Bank of Scotland Group intends to milk its insurance cow as much as possible before the proposed 2H 2012 spin-off of the ailing business. |
| October 11, 2011 |
| HealthSouth board declares regular quarterly dividend on preferred stock |
| HealthSouth Corporation today announced that its board of directors has declared a regular quarterly dividend of $16.25 per share on its 6.5% Series A Convertible Perpetual Preferred Stock, payable on Oct. 17, 2011, to holders of record on Oct. 3, 2011. |
| September 17, 2011 |
| Texas Instruments Raises Dividend 31% |
| Texas Instruments said Thursday it’s raising its quarterly cash dividend 31%, to 17 cents a share, up from 13 cents a share. |
| September 15, 2011 |
| MOCON declares quarterly cash dividend of $0.10 per share |
| MOCON, Inc. announced today that on August 25, 2011, its Board of Directors declared a quarterly cash dividend of ten cents ($0.10) per share, payable on November 18, 2011, to shareholders of record on November 4, 2011. |
| August 26, 2011 |
| Kewaunee Scientific announces quarterly cash dividend |
| Kewaunee Scientific Corporation announced today that on August 23, 2011 its Board of Directors declared a quarterly cash dividend of ten cents per outstanding share, payable on September 20, 2011 to stockholders of record at the close of business on September 6, 2011. |
| August 24, 2011 |
| Dollar (The) and Foreign Currencies |
| Euro Rises Against Greenback for Second Straight Day |
| The euro rose against the dollar for a second session on Wednesday on increased risk tolerance after reports about a possible increase in the International Monetary Fund's lending capabilities and Fitch Ratings playing down an Italian default. |
| January 18, 2012 |
| Dow Jones |
| Drenched in Green: Data Catapult Nasdaq to 11-Year High |
| The Dow Jones Industrial Average climbed 157 points, or 1.2%, to 12862, the S&P 500 gained 19.4 points, or 1.5%, to 1345 and the Nasdaq Composite rose 46 points, or 1.6%, to 2906. |
| February 3, 2012 |
| Fannie Mae and Freddie Mac |
| Freddie Mac and Norwegian Wealth Fund Past Executives Speak Out on Corporate Governance |
| This report is not another case study on Bear Stearns, Lehman Brothers and the markets crisis of 2008. Instead it is a fast forward to present day corporate governance and risk management reform practices. |
| December 5, 2011 |
| Gingrich defends big contracts with Freddie Mac |
| Rising in polls and receiving greater scrutiny, Republican presidential candidate Newt Gingrich found himself on the defensive Wednesday over huge payments he received over the past decade from the mortgage giant Freddie Mac. |
| November 16, 2011 |
| Gold Prices |
| Gold Slips from Six-Week High |
| Gold eased on Tuesday after the euro fell following the breakdown of talks over the restructuring of Greece's debt, but the bullion price was still in sight of six-week highs and set for its strongest monthly gain since August. |
| January 24, 2012 |
| Governmental Budgets - Spending Bills |
| Government Securities Dealers Estimate $1.127 Trillion Deficit For FY12 |
| Primary dealers of U.S. government debt are projecting a federal budget deficit of $1.127 trillion for fiscal 2012 as they anticipate the payroll tax cut will be extended. |
| February 1, 2012 |
| Inflation and/or Deflation |
| Euro Zone Pursues IMF Lending Plan |
| European finance ministers discussed ways of boosting IMF resources to build a better firewall against the debt crisis on Monday, while also assessing plans for tighter euro zone fiscal rules that they hope will prevent the problems from worsening. |
| December 19, 2011 |
| Consumer inflation unchanged in November |
| U.S. consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy. |
| December 16, 2011 |
| International Monetary Fund - IMF |
| IMF Says EU Debt Crisis Could Hit US Banks |
| The U.S. economy is susceptible to a range of shocks from the euro-zone crisis, including attacks on the financial sector, the International Monetary Fund warned Tuesday in its Global Financial Stability Report. |
| January 24, 2012 |
| Misc. Dated Material |
| Bursa Malaysia Readies New Clearinghouse For 1Q Launch |
| Bursa Malaysia Bhd is preparing to launch a new trade-clearing facility for its derivatives markets that will enable the Kuala Lumpur exchange to offer a broader range of contracts, according to a senior executive. |
| January 31, 2012 |
| E*Trade Names Petrilli New Chairman; CEO Freiberg To Stay On Board |
| E*Trade Financial Corp. said Frank J. Petrilli was named its new chairman, replacing Chief Executive Steven Freiberg, who held the role on an interim basis. |
| January 30, 2012 |
| ArcelorMittal: May Idle Portion Of Madrid Steel Plant Indefinitely |
| Steel titan ArcelorMittal said Monday it's contemplating idling the electric arc furnace and an associated steel section production at its Villaverde steel plant in Madrid, Spain for an indefinite period due to continued weakness in the Spanish construction market. |
| January 23, 2012 |
| Rosneft Posts 2011 Reserve Replacement Ratio At 162% |
| Russia's biggest oil producer OAO Rosneft said Monday it added more hydrocarbons to its reserves than it produced in 2010, posting a reserve replacement rate of 162%. |
| January 23, 2012 |
| De Beers Appoints Anglo American Executive As New CFO |
| Diamond miner De Beers SA has appointed Gareth Mostyn, previously head of corporate finance at Anglo American PLC, as a new chief financial officer it said Thursday, as Anglo finalizes a deal to buyout the Oppenheimer family stake in the miner. |
| January 19, 2012 |
| UBS Issuing Benchmark 3-Year USD Covered Bond Deal Thursday -Source |
| UBS AG plans to issue a benchmark-size, three-year sale of covered bonds to the U.S. credit markets Thursday, according to a term sheet obtained by Dow Jones Newswires. |
| January 19, 2012 |
| Sears Holdings to Shutter up to 120 Stores |
| Slammed by slumping holiday sales, Sears Holdings disclosed plans on Tuesday to shutter more than 100 stores and slash inventories next year. |
| December 27, 2011 |
| Solar Panel Case Shines Light on the Imperative of U.S. Trade Law Reform |
| Earlier this year, the Cato Institute published this paper, which describes the self-flagellating nature of the U.S. antidumping law. Nearly 80 percent of all U.S. antidumping measures imposed between 2000 and 2009 restrict imports of intermediate goods – inputs required by U.S. producers for their own production processes. |
| December 22, 2011 |
| Farmville maker Zynga raises $1bn for IPO |
| An online games company that derives most of its revenue from privately-held Facebook has raised $1bn in its initial public offering. |
| December 16, 2011 |
| Looks like 'game over' for BlackBerry |
| The best time to buy a stock and make a lot of money off of it is often when the company is universally hated. When so many investors think a company is doomed, it doesn't take much to move the stock higher again. |
| December 16, 2011 |
| EU Factory Activity Steadies After September Nosedive |
| Industrial production in the euro zone steadied in October after nosediving in September, supporting forecasts that an oncoming recession will likely be mild, although the improvement may prove temporary. |
| December 14, 2011 |
| Europe acts to soften recession's blow |
| The European Central Bank acted to soften a looming recession and avert a credit crunch by cutting interest rates and offering banks long-term funds on Thursday, as EU leaders prepared for a summit that could determine the fate of the euro zone. |
| December 8, 2011 |
| Capita signs £560m deal with BBC |
| The Beeb has signed a £560m eight-year deal with Capita to manage TV licences, deploying tech and analytics in a bid to cut costs and boost revenues. |
| December 2, 2011 |
| How to Profit From Gingrich Call For Social Security Opt Out |
| Financial sector stocks could be given a boost if Republican presidential contender Newt Gingrich gets his way. |
| November 22, 2011 |
| America's Largest Private Companies: Retail |
| From department stores to supermarkets to gas stations, retailing makes up the largest group on this year’s list, as measured by number of companies. A few stand out. Spurred by new store openings, Forever 21 jumped 35 places, from 196 in 2010 to 162 this year. |
| November 21, 2011 |
| Misc. |
| AMM Online |
| The international news service of American Metal Market, the daily newspaper of the metals and recycling industries. |
| Provides Information |
| Asian Business Watch |
| Asian business and financial news, special reports and economic trends. |
| Provides Information |
| Bank of Montreal Economics on Canada, United States and International Economies |
| Current economic data, research and analysis from the Economics department at the Bank of Montreal. |
| Provides Information |
| Briefing.com |
| Provides stock market news and commentary, quotes and charts, portfolio tracking, sector ratings and an economic calendar. |
| Provides Information |
| Business 2.0 |
| A business portal with links to other magazines and sites covering the old and the new economy. |
| Provides Information |
| Business In Depth |
| Using links to newspapers, magazines and internet resources you can read business news from around the world. |
| Provides Information |
| Business Wire |
| Includes press releases, IPOs, company profiles, trade show announcements and links to related sites. |
| Provides Information |
| Campaign for America's Future |
| News, analysis and resources from website for progressives that focuses on issues of social justice like wages, Social Security and trade. |
| Provides Information |
| CBS MarketWatch |
| Offers business and financial news, market commentary, U.S. and international quotes, charts, headlines, mutual fund info, portfolio tracking, an IPO report and a chat room. |
| Provides Information |
| Chicago Business |
| unprecedented coverage of metro Chicago's business community. |
| Provides Information |
| CNNfn |
| The financial news site presents feature articles, headlines, world market updates, stock quotes, an industry watch and a Quicken.com investment center. |
| Provides Informtion |
| Crain's NY |
| New York business news. Including back issues and resource material. |
| Provides Information |
| Department of Justice: Antitrust Division Home Page |
| News and background from government bureau responsible for anti-trust enforcement. |
| Provides Information |
| EconData.Net |
| Free resource for accessing on-line regional socioeconomic data, with links to government, non-profit and other sources of information and statistics by category. |
| Provides Information |
| Ecoworld |
| Ideas and discussions about environmmental issues from free market perspective. |
| Provides Informatin |
| Ethical Performance |
| Monthly newsletter for professionals concerned with corporate social responsibility or for investors. |
| Provides Information |
| Factiva |
| Delivers worldwide business news and information and powerful searching to provide customers with relevant information to inspire their business decisions. |
| Provides Informaton |
| Financial Times Business Publications |
| Publisher of industry specific management reports, magazines, directories and newsletters. |
| Provides Information |
| Fortune |
| The on-line version of Fortune Magazine is part of the Pathfinder web site. |
| Provides Informaton |
| Frontier |
| News for Entrepreneurs. |
| Provides Informatin |
| Inside China Today |
| Chinese business, economic and political news, courtesy of the European Internet Network. |
| Provides Information |
| Institute for Policy Studies |
| A think tank for progressive research and action to promote values of justice, nonviolence, sustainability, and decency. |
| Provides Information |
| International Monetary Fund |
| News, information, research and other materials from official IMF website. |
| Provides Information |
| InternetNews.com |
| Mecklermedia's InternetNews.com covers business, e-commerce, financial, international, Intranet and ISP news. |
| Provides Information |
| Journal of Commerce Online |
| The units of the Journal of Commerce Group collectively make up the world's leading source of information on international trade logistics, as well as domestic logistics and international maritime commerce. |
| Provides Information |
| Lafferty Group |
| Providers of high value business intelligence including newsletters, reports, executive education, conferences and online learning, on the financial services, accountancy and consulting sectors. |
| Provides Information |
| Microsoft Investor |
| Offers superior portfolio management tools and market reports. |
| Provides Information |
| Mondaq Business Briefing |
| Provides global coverage of business legislation and regulations, corporate finance and financial markets. |
| Provides Information |
| MoreOver.com |
| Brings you the lastest Business news. And webmaster can get live newsfeeds for their website. |
| Provides Information |
| Motley Fool, The |
| This popular site presents a mix of business and financial news, stock market commentary, model portfolios and intelligent humor. |
| Provides Information |
| National Bureau of Economic Research |
| A private, nonprofit, nonpartisan research organization to promote a greater understanding of how the economy works. |
| Provides Information |
| Newstrack |
| A business news audio digest, available in cassette, CD, and RealAudio forms. |
| Provides Information |
| PR Newswire |
| Founded in 1954, this service offers financial and business news stories and company press releases. |
| Provides Information |
| Reason Online |
| A conservative research and educational organization that promotes public policies based on rationality and freedom. |
| Provides Information |
| SEC News Digest |
| provides daily information on recent Commission actions, including enforcement proceedings, rule filings, policy statements, and upcoming Commission meetings. |
| Provides Information |
| Sierra Club's Responsible Trade Campaign |
| Information, commentary and other resources about global trade and impact on the environment from environmentalist organization the Sierra Club. |
| Provides Information |
| TechInvestor |
| CMP's TechInvestor provides feature articles, market and company news, stock quotes, investment strategies, IPO info, press releases, a discussion forum, an e-mail newsletter. |
| Provides Information |
| The Digital Tool |
| Breaking stories on technology, convergence, startups in addition to useful tools for business, investing, and the good life. |
| Provides Information |
| The Global South |
| Monthly e-journal on the Global South and issues of development. |
| Provides Information |
| Turning Points Online |
| monthly publication on the state of the U.S. economy. Aimed for business and investment professionals. |
| Provides Information |
| U.S. Federal Trade Commission |
| Antitrust/Competition |
| Provides Information |
| US News |
| US news you can use on money, health, tech. travel work and more. |
| Provides Informaton |
| Vanderbilt Center for Environmental Management Studies |
| Interdisciplinary research center for the study of environmental issues faced by business firms. |
| Provides Information |
| Worth |
| The Business of you. Keep up with the latest financial changes. |
| Provides Informtion |
| Resignations |
| Howard Stringer steps down, Sony looks to Kazuo Hirai to stop the bleeding |
| Sony will promote Kazuo Hirai to president and CEO in April, ending Sir Howard Stringer's six year reign as the company's chief executive. Hirai was Stringer's personal recommendation to succeed him, and Stringer will continue to serve in an executive capacity with the company as chairman of the board beginning in June 2012. |
| February 1, 2012 |
| James Murdoch to quit GSK board |
| News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline to spend more time on his media roles. |
| January 27, 2012 |