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Competitive Municipal Sale Calendar
*=BANK ...
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CORRECTED OFFICIAL-UPDATE 1-Best Buy sees investments squeezing near-term profits
Tue May 21, 2013 9:17am EDT (Corrects penultimate paragraph to say that sales are not comparable to available estimate) By Dhanya Skariachan May 21 (Reuters) - Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term. The news overshadowed its better-than-expected first-quarter profit and sent shares ...
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Laredo Petroleum exits Anadarko Basin with $438 mln asset sale
Tue May 21, 2013 8:33am EDT May 21 (Reuters) - Laredo Petroleum Holdings Inc said it would sell its assets in the Anadarko Basin in Western Oklahoma and Texas to affiliates of EnerVest Ltd for $438 million to raise capital for its drilling activities in the Permian Basin. EnerVest, which manages oil and gas properties on behalf of institutional investors, will acquire about 104,000 net acres of ...
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Los Angeles County to sell $1 bln notes week of June 2
Tue May 21, 2013 8:25am EDT May 21 (Reuters) - Los Angeles County is planning to sell $1.0 billion of tax and revenue anticipation notes during the week of June 2, said a market source on Tuesday. The lead manager on the sale is Goldman Sachs & ...
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AutoZone profit rises as costs fall
AutoZone Inc , the largest U.S. auto parts retailer, reported a 7 percent rise in quarterly profit as costs fell. Net income rose to $265.6 million, or $7.27 per share, in the third quarter, from $248.6 million, or $6.28 per share, a year earlier. Revenue rose 4.5 percent to $2.21 billion. (Reporting by Bijoy Koyitty in ...
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Best Buy profit tops estimates sales miss
(Reuters) - Best Buy Co Inc reported weaker-than-expected quarterly sales on Tuesday and warned that a slew of investments to win back shoppers could squeeze profits in the near ...
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US STOCKS-Futures flat as market drifts near record high
Tue May 21, 2013 8:17am EDT * Home Depot raises outlook, shares jump * Carnival guides lower once more, shares tumble * JPMorgan shareholders to decide on Dimon's chairmanship * Futures: Dow up 11 pts, S&P, Nasdaq flat By Rodrigo Campos NEW YORK, May 21 (Reuters) - U.S. stock index futures were little changed on Tuesday after the S&P 500 hit yet another intraday record in the previous ...
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Softbank to issue record bonds for Sprint takeover
TOKYO (AFP) - Japanese mobile operator Softbank said Tuesday it planned to raise $3.9 billion through a record bond issuance in June to finance its proposed takeover of US firm Sprint Nextel.Softbank, which is under pressure from Sprint shareholders to raise its bid, will sell five-year debt to Japanese investors after a similar issuance worth 300 billion yen in March, a company spokeswoman ...
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Wall Street Continues To Be Nervous
markets closed lower, unimpressed by the lackluster Wall Street lead. European stocks are also seeing downside on the back of some profit taking. The domestic markets are likely to take cues from earnings from some key companies such as Home Depot (HD), Best Buy (BBY), Medtronic (MDT) and Saks (SKS) and speeches by two Federal Reserve presidents. As of 6:15 pm ET, the Dow futures are rising 12 ...
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Assault on Wall Street - A Review
Assault on Wall Street glorifies the revenge killing of Wall Street big wigs by a seemingly decent man who lost everything, including his wife, due to the manipulation and fraud of those he gunned down. Combat veteran and armored car driver, Jim Baxford reaches a hefty body for this sort of thing. He's got nothing on the last three presidents of the United States who bear ...
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Corrections U.K. stocks extend gains to 12-year high
A previous headline for this story stated that the FTSE 100 was heading for a 12-month high, although the index is on track for a 12-year high. The story has been ...
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Medtronic profit beats estimates as international sales jump
Tue May 21, 2013 7:33am EDT May 21 (Reuters) - Medical device maker Medtronic Inc reported a better-than-expected quarterly profit driven by strong international sales. Net earnings were $969 million, or 95 cents per share, for the fourth quarter ended April 26, compared with $991 million, or 94 cents per share, a year earlier. Excluding special items, Medtronic earned $1.10 per share. On that ...
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UPDATE 2-Housing recovery boosts Home Depot results outlook raised
Tue May 21, 2013 7:21am EDT By Dhanya Skariachan May 21 (Reuters) - Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market. The news on Tuesday boosted Home Depot shares by 3.9 percent to $79.75 in premarket trading. A bubble ...
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Indias REC selling at least 5 bln rupees in tier II bonds - termsheet
MUMBAI | Tue May 21, 2013 7:20am EDT MUMBAI May 21 (Reuters) - India's Rural Electrification Corp Ltd is planning to raise at least 5 billion rupees ($90.74 million) in 10-year unsecured subordinate debt, a termsheet seen by Reuters showed. The firm has sought bids from arrangers on Wednesday and has said the issue will tentatively open on Thursday and close on Friday, the document ...
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European share rally stalls on doubts about Fed support
news ) falls 0.5 pct * Market worries that U.S. central bank may trim QE programme * Most traders still positive on shares over longer term * Go short on Euro STOXX futures, says Nomura By Sudip Kar-Gupta LONDON, May 21 (Reuters) - European shares fell from multi-year highs on Tuesday on concerns the U.S. central bank could call an earlier-than-expected halt to the stimulus programme ...
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Democrats make last push in primary to be mayor of Harrisburg Pennsylvania
(Reuters) - The mayor of Harrisburg, Pennsylvania's cash-strapped capital, faces off on Tuesday against two fellow Democrats in a primary election that will likely determine who leads a city that has become a poster child for financial ...
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Home Depot quarterly profit sales rise
HD.N ) report higher quarterly sales and earnings on Tuesday, prompting the world's largest home improvement chain to boost its sales outlook for the ...
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Therese Polettis Tech Tales H-P investors ignore dour view on Wall Street
Hewlett-Packard CEO Meg Whitman faces a downbeat mood on Wall Street, but investors have still sent the tech giant's shares up more than 80% over the last six ...
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Ex-Dolphin Chad Johnson bonds out of Broward jail | Video
Chad Johnson was jailed briefly Monday after he was accused of violating his probation on a domestic violence charge. Johnson, 35, pleaded no contest last year to a battery charge after his wife, reality TV ...
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BRIEF-Carnival shares down 11.7 pct after guidance
NEW YORK | Tue May 21, 2013 7:11am EDT NEW YORK May 21 (Reuters) - Carnival Corp: * Shares down 11.7 percent premarket after guidance * Royal caribbean cruises ltd shares down 4.3 percent in ...
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Fitch Affirms Derby Healthcares GBP446.6m Bonds at BBB Outlook Stable
Slow Progress on GAAP and IFRS Convergence; Optionality for Impairments Increases Significant differences will remain between the GAAP and IFRS accounting standards in 2013, although cooperation and progress continues on some remaining joint projects, according to Fitch Ratings. The pipeline of new standards promises increasing commonality between the two platforms over coming years. Progress ...
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Qatars Doha Bank may sell bonds to raise capital - CEO
Tue May 21, 2013 7:06am EDT * CEO says has multiple options for capital raise * Bank focused on regional growth currently * Gulf banks have sold Tier 1 bonds in recent months By David French DUBAI, May 21 (Reuters) - Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive ...
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STXNEWS LATAM-GP Investments buys stake in Swiss fund Apen for $33 mln -filing
Tue May 21, 2013 7:03am EDT GP Investments Ltd, the largest Latin American private equity firm, agreed on Tuesday to buy a 26.7 percent stake in Swiss investment Fund company Apen Ltd for $33 million as it seeks to expand the type of assets it manages. The acquisition of the Apen stake will allow GP Investments, which is based in Hamilton, Bermuda, to venture into management of equity ...
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RPT-JPMorgan investors on edge over vote on Dimon what if they win
Tue May 21, 2013 7:02am EDT By David Henry TAMPA, Florida May 21 (Reuters) - As final ballots come in on a proposal to strip JPMorgan Chase & Co Chairman and Chief Executive Jamie Dimon of his chairman title, some worry about what will happen if shareholders win what will likely be a close vote. JPMorgan's annual meeting on Tuesday will bring to head a months-long and bitter shareholder ...
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RPT-Yahoos rise in Asia offsets risk from Tumblr bet
Tue May 21, 2013 7:00am EDT By Alexei Oreskovic SAN FRANCISCO May 20 (Reuters) - Yahoo Inc Chief Executive Marissa Mayer's $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously. Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, ...
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