Syracuse Business Daily

Equity News

The South Financial Group Reports Second Quarter Results Tuesday, July 20, 2010 @ 2:27PMGREENVILLE, S.C.----The South Financial Group, Inc. today reported a second quarter 2010 net loss available to common shareholders of $314.9 million, or $ per diluted share. Included in second quarter 2010 results is a non-operating, non-cash goodwill impairment charge of $214.1 million, or $ per diluted share, representing the write-off of remaining goodwill amounts attributable to TSFG’s ...
Apache to Acquire BP Assets in Permian Basin, Canada and Egypt For $7B Tuesday, July 20, 2010 @ 2:24PM- Legacy assets complement existing operations in all three areas- Adds proved reserves of 385 milli...
Work Begins On 23 Highway Rest Stops Tuesday, July 20, 2010 @ 2:24PMThe folks behind Subway restaurants began work Tuesday afternoon on the potentially lucrative deal they inked with the state to overhaul, improve and run Connecticut's 23 highway rest areas.
Lions Gate swaps convertible debt for equity, diluting Icahn's stake Tuesday, July 20, 2010 @ 2:24PMLOS ANGELES, Calif. - In a defensive move against Carl Icahn's renewed hostile takeover bid, Lions Gate Entertainment Corp. on Tuesday swapped
Goldman Sachs profit slumps 82%; revenue slides Tuesday, July 20, 2010 @ 2:23PMGoldman Sachs Group said second-quarter profit plunged 82 per cent to the lowest level since the end of 2008 as trading revenue declined more than analysts estimated.
Affiliated Fund of MHR Fund Management LLC Acquires Additional Common Shares of Lions Gate Entertainment Corp. Tuesday, July 20, 2010 @ 2:23PMOn July 20, 2010, an investment fund affiliated with MHR Fund Management LLC purchased from Kornitzer Capital Management, Inc. $63,709,000 principal amount of the 2.9375% Convertible Senior Subordinated Notes due 2026 and $36,009,000 principal amount of 3.625% Convertible Senior Subordinated Notes due 2027 of Lions Gate Entertainment Inc., a Delaware corporation and a wholly-owned subsidiary of ...
Adam Roseman's Commentary on China's Shift Towards a Domestic Demand Driven Economy Featured in the July 20th, 2010 ... Tuesday, July 20, 2010 @ 2:22PMSHANGHAI, CHINA--(Marketwire - July 20, 2010) - ARC China released the latest edition of its newsletter ARC China Weekly today. The publication includes a commentary from ARC China Founder Adam Roseman as well as articles covering topics of general interest with a focus on consumer and retail, alternative energy, and recent investment transactions in China's current news, and a newly added ...
FDIC Selling Corus Bank Loans Is Bet on Failed Condos Tuesday, July 20, 2010 @ 2:22PMDeveloper Norman Radow expected some thanks in April when he offered to repay a $35 million defaulted loan on a 32-story San Diego condominium project he had taken over, originally financed by failed Corus Bank. Instead, his new lender urged him to keep the money.
NYC Pension Manager Firings Belie No-Secrecy Pledge Tuesday, July 20, 2010 @ 2:22PMNew York City Comptroller John Liu, who campaigned last year promising “full accountability and transparency” as chief financial watchdog in the most populous U.S. city, has refused to disclose the identities of money managers fired by the city’s $103 billion pension funds.
Global stocks rally late on Fed speculation Tuesday, July 20, 2010 @ 2:22PMWorld stocks staged a late-day surge to end higher on Tuesday and Treasury prices pared gains reversing steep losses as bargain hunters emerged amid speculation the Federal Reserve will take steps to spur lending.
C.A. Bancorp Responds to Increased Offer by Century Monday, July 19, 2010 @ 5:37PMTORONTO, ONTARIO--(Marketwire - July 19, 2010) - The board of directors (the "Board") of C.A. Bancorp Inc. (the "Company") (TSX:BKP) has reviewed and considered, with its advisors, the announcement by 1535633 Alberta Ltd., a wholly-owned subsidiary of Century Services LP (together, "Century") that it has varied its offer (the "Offer") for all of the issued and outstanding common shares (the ...
Mumbo Report: Blinds date and most watched ads Monday, July 19, 2010 @ 5:36PMIn today’s Mumbo Report from Studio 33: We count down last week’s most played prime time ads: Hungry Jacks continue their breakfast push and Vodafone punches us in the face; The award for most amazing voice throwing skills in a South Australian commercial. You can catch episode 45 and all the previous episodes by subscribing [...]
Monday’s ratings a piece of cake for Masterchef Monday, July 19, 2010 @ 5:36PMThe only entertainment show that counted on Monday night was Masterchef, with more than 2.2m viewers tuning in for the eviction of contestant Alvin Quah. No other mid or late evening programme came close to Ten’s Masterchef, with Nine’s Rescue Special Ops falling back below the 1m mark to 917,000. According to preliminary overnight metro figures [...]
LATIN AMERICAN MARKETS: Brazil Stocks Gain As Inflation Outlook Softens Monday, July 19, 2010 @ 5:32PMLATIN AMERICAN MARKETS: Brazil Stocks Gain As Inflation Outlook Softens
Wheatstone oil and gas deal Monday, July 19, 2010 @ 5:32PMThe oil and gas company Chevron has announced it will supply a Korean gas company with LNG from the Wheatstone project off the Pilbara coast.
Minnesota launches tax credits for investors in high tech Monday, July 19, 2010 @ 5:31PMTax credits are capped at 25 percent for investments up to $4 million.
Enduring Resources Seeks Buyers for $1.4 Billion Shale Oil Field in Texas Monday, July 19, 2010 @ 5:30PMEnduring Resources LLC, the Denver- based gas explorer backed by private equity firms including Trilantic Capital Partners , plans to seek buyers for assets in Texas that may be worth more than $1.4 billion.
China Day Ahead: Zijin Mining Expresses Regret for Waste-water Leakage Monday, July 19, 2010 @ 5:28PMZijin Mining Group Co. has expressed “deep regret” for a leak of acid-laced water from its largest copper mine, a nine-day delay in admitting to the breach and losses caused to fish farmers.
Gold extends losses as safe-haven appeal wanes Monday, July 19, 2010 @ 5:23PMGold futures on the COMEX Division of the New York Mercantile Exchange inched down on Monday, as eurozone economic fears and inflation worries diminished. Silver dropped, but platinum eked out a 0.1 percent gain.
IEC Announces a Very Strong Third Quarter for Fiscal 2010 Monday, July 19, 2010 @ 5:22PMCompared to Q3 '09 Revenue Increased by 50%; Operating Profit as a Percent of Sales Improved to 8.7% Compared to 7.6%
FIIs return to Street in style, inflow nears Rs 40K-cr-mark Sunday, July 18, 2010 @ 2:54AMForeign investors are turning more bullish on the domestic markets, with their investments in equities already touching Rs 40,000 crore so far this year--nearly half the record amount infused by them in 2009.
5 Funds Betting on Blue Chip Growth Sunday, July 18, 2010 @ 2:40AMThese large-cap growth funds are benefitting from strong earnings.
Drug dealers venture into production Sunday, July 18, 2010 @ 2:38AMOver 550,000 small drug retailers in the country are transforming into producers and marketers of pharmaceutical products, readying to compete with companies such as Ranbaxy, Cipla, Sun Pharma and Lupin whose produce they sell.
Wells Fargo banks will remain open Sunday, July 18, 2010 @ 2:31AMThe North Platte Telegraph News about Wells Fargo Financial's closing has created some confusion. The Wells Fargo Financial store in North Platte will be among 638 stores closing across the U.S. However, Wells Fargo Financial is separate from Wells Fargo's community banking and home mortgage stores.
New York Production Listings Sunday, July 18, 2010 @ 2:25AMThe following listings are NOT casting notices but are intended to provide the best general information available on current projects. The New York listings alternate between Broadway theater one week and film and television the next.
Defining moment expected for corporate mergers, takeovers Sunday, July 18, 2010 @ 2:23AMBy Jagannadham Thunuguntla: There is widespread anticipation regarding possible revision of the threshold limit for mandatory open offers for the purpose of takeovers from current level of 15 percent to 25 percent.
Recovery at risk if banks don't lend - Cable Sunday, July 18, 2010 @ 2:01AMLONDON (Reuters) - The nation's economic recovery is at risk of being undermined by the lack of bank lending to businesses, Business Secretary Vince Cable said.
Consumer loan rates Sunday, July 18, 2010 @ 1:57AMSpringfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.
EXECUTIVE COMPENSATION REPORT Maryland CEO pay rose and fell with corporate and stock market fortunes Sunday, July 18, 2010 @ 1:56AMThe crushing economic downturn -- and an uneven and sporadic recovery -- not only impacted rank-and-file workers but also the top echelons of corporate boardrooms.
BP In Talks With Wealth Funds, Reports Says Tuesday, July 6, 2010 @ 3:13AMBP has approached sovereign wealth funds with a view to securing a strategic investor to fend off takeover bids while the British oil company deals with its massive U.S. oil spill, according to press reports.
China says foreign reserves stable despite crisis, expresses confidence in future profits Tuesday, July 6, 2010 @ 3:13AMBEIJING, China - The agency that manages China's US$2.5 trillion in foreign reserves said Tuesday it made a profit last year despite the global crisis and expressed confidence it can make a profit in the future.
China says foreign reserves stable despite crisis, expresses confidence in future profits Tuesday, July 6, 2010 @ 3:09AMBEIJING, China - The agency that manages China's US$2.5 trillion in foreign reserves said Tuesday it made a profit last year despite the global
U.S. Banks Risk `Untold Problem' as Muni Holdings Advance to 25-Year High Tuesday, July 6, 2010 @ 3:08AMCitigroup Inc. , State Street Corp. and U.S. Bancorp are among U.S. banks whose municipal bond holdings have reached a 25-year high just as state budget deficits swell to $140 billion, the most since the start of the recession.
Free Test Preparation Material Now Available for the GRE(R) Revised General Test Tuesday, July 6, 2010 @ 3:07AMPRINCETON, NJ--(Marketwire - July 6, 2010) - Educational Testing Service (ETS) today unveiled free test preparation material for the GRE ® revised General Test, which will launch in August 2011. Because the GRE revised General Test represents the largest change to the test in the GRE program's 60-year history and includes many test-taker friendly enhancements, it continues to capture the ...
BP shares rise as company says no plan to issue stock Tuesday, July 6, 2010 @ 3:02AMReuters - Stock in BP rose on Tuesday as the British oil major ruled out a share issue and talk persisted of sovereign wealth fund interest, while its Gulf of Mexico oil slick spread to the Texas coast.
Adeona Completes Equity Financing and Provides Alzheimer's Disease Clinical Study Update Tuesday, July 6, 2010 @ 3:00AMAdeona Pharmaceuticals, Inc., announced today that on July 6, 2010, it completed an equity financing of $1 million with a single institutional investor, Seaside 88, L.P. Â The financing involved the sale of 1,212,121 registered shares of common stock and no warrants. Â Enclave Capital served as placement agent and will receive a 7% cash commission and 5-year warrants to acquire 60,606 shares of ...
Cliffs Natural Resources Gets Majority Position in Spider Resources And Extends Offer Tuesday, July 6, 2010 @ 3:00AMCLEVELAND----Cliffs Natural Resources Inc. announced today that all of the conditions of its Cdn.$0.19 per share all-cash offer to acquire all of the common shares of Spider Resources Inc. have been satisfied or waived.
UBC Secures Additional $150 Million From Capital Markets Tuesday, July 6, 2010 @ 3:00AMBETHESDA, Md.----United BioSource Corporation , a global scientific and medical affairs organization, today announced that it had secured a new line of credit that provides the company with up to $150 million in additional financing for acquisitions and other significant growth investments.
Cliffs Natural Resources Gets Majority Position in Spider Resources And Extends Offer Tuesday, July 6, 2010 @ 3:00AMCLEVELAND----Regulatory News:
MEG Energy initial offering to hit markets at fortuitous time Tuesday, June 15, 2010 @ 4:46PMWith some parts of the sector reeling from the BP spill, oil sands company's $1.25-billion stock issue has safety as its cachet
(AFX UK Focus) 2010-06-16 00:33 Nikkei set to climb 2 pct, eyes 10,000 Tuesday, June 15, 2010 @ 4:46PMTOKYO, June 16 (Reuters) - Japan's Nikkei average is likely to jump more than 2 percent on Wednesday, moving towards next resistance around 10,000, after successful debt sales by some of the weakest euro-zone members boosted the euro and Wall Street.
Wall St. Urged to Tie Bonuses to Debt of Banks Tuesday, June 15, 2010 @ 4:42PMUnder stock-based compensation plans, executives are “not exposed to the potential negative consequences that large losses could impose on other contributors to the capital structure, like preferred shareholders, bondholders and depositors,” Mr. Bebchuk said Tuesday.
Montrusco Bolton Small Cap fund boasts eclectic mix Tuesday, June 15, 2010 @ 4:41PMFund manager Christian Godin touts growth profile of Crew Energy, Home Capital
U.K. LBO Dealmakers Resigned to Losing Carried Interest Fight Tuesday, June 15, 2010 @ 4:38PMU.K. private equity executives are lobbying against a government plan that may more than double the tax they pay on the profit from their investments. Privately, they say it’s a battle they’re resigned to losing.
Market Commentary and Intraday News Tuesday, June 15, 2010 @ 4:29PM(AP:KANSIS CITY, Kan.) Epiq Solutions said Tuesday it had paid off or refinanced $50 million in debt that came due that day.
Lurching From Crisis to Crisis, Can the Stock Market Rebound in the Second Half? Tuesday, June 15, 2010 @ 4:26PMBy David G. Dietze. Investors are fearful as 2010's first half draws to a close. That's a sea change from as recently as mid April, when benchmark stock indices boasted a 9%+ return year to date, and investors eagerly piled into equities. Read more » »
UPDATE: Symyx Terminates Acquisition Discussions with Certara after Firm Revokes $6.75 per Share Offer Tuesday, June 15, 2010 @ 4:24PMThis article has been updated from a previous version posted June 14 to reflect Symyx's decision to end the discussions with Certara. Symyx Technologies disclosed today that it has ended merger discussions with Certara, the parent company of Tripos International and Pharsight, because Certara pulled back on a previous proposal to purchase Symyx for $6.75 per share.
Habitat for Humanity seeks families for new home Tuesday, June 15, 2010 @ 4:18PMHabitat for Humanity of the Coachella Valley is seeking low-income families to apply for their next home build, scheduled to begin construction this fall.
DIVIDEND: ANZ: September 2010 CPS1 Dividend Rate Tuesday, June 15, 2010 @ 4:17PMDon't know the stock code? Search by keyword: “I don’t think I can recall a month since I started in the Equity game 41 years ago that contained such a myriad of happenings.
I'm not involved in IPL bid: Pawar Thursday, June 3, 2010 @ 11:02PMFormer BCCI President Sharad Pawar says none of his family members is involved in the IPL bidding process.