Barrons |
August 29th, 2008 |
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Marvell (MRVL) shares are taking it on the chin today despite better-than-expected fiscal Q2 results, as the Street focuses instead on disappointing revenue guidance for Q3. As I noted yesterday, Marvell forecast FY Q3 revenue of $860 million to $880 million, with non-GAAP EPS of 24-26 cents; the Street had [...]
Even though Wachovia Corp. is reeling from a $9.11 billion second-quarter loss, Wachovia CEO Robert Steel says that the bank will not need to raise capital, but could sell noncore assets, according to a Reuters report based on the notes of Sandler O'Neill & Partners LP analyst Kevin Fitzsimmons.[...]
Barrons |
August 29th, 2008 |
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Napster (NAPS) this morning mailed a letter to shareholders advising them not to vote for three dissident investors - Perry H. Rod, Thomas Sailors and Kavan P. Singh - who are seeking seats on the company's board, and to instead back the three incumbents seeking to keep their seats. Not [...]
PE HUB |
August 29th, 2008 |
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The California State Teachers’ Retirement System (CalSTRS) has released the agenda for its Sept. 4 board meeting, and included a 50-page performance report on its private equity investments. The report showed a marked drop in short-term performance from a similarly-timed report in 2007, and that the portfolio’s returns are right [...]
NYT Dealbook |
August 29th, 2008 |
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Toronto-Dominion Bank said third-quarter net income fell 10 percent as a difficult capital markets environment reduced profit in its wholesale business, but the bank raised its dividend. TD, Canada's second-largest bank, said it earned 997 million Canadian dollars ($949 million), or 1.21 Canadian dollars a share, in the three months [...]
Seeking Alpha |
August 29th, 2008 |
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Royal Bank of Canada’s (RY) third quarter results beat expectations on strong revenues that were partially offset by higher expenses and a higher tax rate.Its C$498-million writedown (C$263-million after tax and compensation adjustments) was in the middle of most analyst expectations, according to Blackmont Capital’s Brad Smith. This was linked [...]
Seeking Alpha |
August 29th, 2008 |
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In retrospect, 2007 was the year of the bond ETF, and it was the year the bond war began. You can’t have a war with only one army, of course, and prior to 2007, Barclays had the field to itself. They introduced their first two bond ETFs in 2002 (iShares Lehman 1-3 Year Treasury [...]
It's news like this that makes an investor want to go out and have a drink. Former Van Halen bassist Michael Anthony's bass was not made of agave plants. Shares of Brown-Forman Corp. are staggering, losing 6.5% after the distiller said a quarterly charge related to raw materials needed to [...]
FT Alphaville |
August 29th, 2008 |
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Merrill Lynch’s losses in the past 18 months amount to about a quarter of the profits it has made in its 36 years as a listed company, according to FT research. Merrill had the highest ratio of credit crunch losses to historical profits among 10 western financial groups analysed by [...]
Home Depot, which has one of the largest consumer credit card portfolios in the country, has penned a new deal with its outside credit vendor, Citigroup Inc., the world's largest card issuer. The deal may seem like inside baseball. But it's a big deal for the country's second-largest retailer, as [...]
Fitch Ratings has downgraded six sets of Spanish mortgage securities issued by Banco Santander, heightening concerns that the damage from Spain's property crash is spreading to the country's strongest lenders.d[...]
NYT Dealbook |
August 28th, 2008 |
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Fresh off his record-breaking appearance at the Beijing Olympics, Michael Phelps briefly enlivened a slow summer day at JPMorgan Chase.[...]
The state-owned lender, China Development Bank, that owns 3 per cent of Barclays Bank of the UK, extended billions of renminbi in illegal and irregular loans last year, according to a report issued by China's state auditor[...]
Seeking Alpha |
August 28th, 2008 |
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As expected, on the heels of three separate positive analysts’ reports this week that included Citigroup (C), Stifel Nicholas and Barrington Research, Jim Cramer has come out again to bash Sirius XM (SIRI) and its shareholders. In this latest attack, Jim may have finally opened himself up to a lawsuit, as [...]
Barrons |
August 28th, 2008 |
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Wachovia raised earnings estimates on the pork producer.[...]
Many startups use venture debt to extend their runway beyond the capital that they raised from venture capital investments directly into the company. David Hornik wrote a good overview of venture debt a few years ago, all of which is still relevant today. Some things have changed since then however. [...]
CA-Los Angeles, PNC Aviation Finance: PNC Aviation Finance, is one of the industry's leading providers of asset-based corporate aircraft finance. Our suite of flexible financing solutions which includes credit loans u[...]
PA-Pittsburgh, Manager of External Communications - PNC Financial Services, Inc The primary objective of this position is to help build a positive external image and reputation for PNC through effective communicatio[...]
PA-Philadelphia, The PNC Financial Services Group, Inc. (NYSE: PNC) is a Fortune 500, award-winning financial services company. Since it's founding over 150 years ago, PNC has grown into one of the nation's largest fi[...]
PA-Pittsburgh, Are you seeking a company with a long tradition of growth, innovation and financial strength? Then PNC Bank is the company for you. Employees at PNC Bank are both productive and satisfied with their c[...]
