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Credit Services Sector
(CIX:
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3,254.01
+28.17 (+0.87%)
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RPT-UPDATE 1-Gloom hits services firms as Australia's mining boom peaks
Today 0:44 EDT
* Cuts in mine projects, exploration spending hit mining services
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UPDATE 1-Gloom hits services firms as Australia's mining boom peaks
May 20, 2013
* Cuts in mine projects, exploration spending hit mining services
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companyNews
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Reuters: Company News
Benzinga's M&A Chatter for Monday May 20, 2013
May 20, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday May 20, 2013: Actavis to Acquire Warner Chilcott for $8.5B or $20.08/Share in Stock Deal The Deal:Actavis...
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Urban Outfitters Falls on Q1 Results
May 20, 2013
Urban Outfitters (NASDAQ: URBN ) released its fiscal first-quarter earnings results on Monday after the closing bell. Despite topping Wall Street earnings estimates, the stock was down around 3 percent...
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TiVo Reports Smaller Q1 Loss
May 20, 2013
TiVo (NASDAQ: TIVO ) released its fiscal first-quarter earnings results after the closing bell on Monday. In the after hours trading session, TIVO was trading up very slightly to $12.69. The company...
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Kindred Healthcare Appoints Stephen R. Cunanan as Chief People Officer
May 20, 2013
Kindred Healthcare (NYSE: KND ) today announced the appointment of Stephen R. Cunanan as Chief People Officer, effective June 3, 2013. In this newly created role, Mr. Cunanan will be responsible for...
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UPDATE: Goldman Sachs Downgrades Equifax Due to Limited Upside
May 20, 2013
In a report published on Monday, Goldman Sachs analyst Julio C. Quinteros Jr. downgraded Equifax (NYSE: EFX ) from Buy to Neutral and maintained a $65 price target. In the report, Goldman Sachs stated...
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Goldman Sachs
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Miller Tabak Boosts Target on Darden to $59, Cites Easy Comps at Red Lobster, LongHorn
May 20, 2013
Miller Tabak's Stephen Anderson increased his price target on Darden Restaurants, Inc. (NYSE: DRI ) from $54 to $59 Monday. The analyst believes the company's sales will exceed those of its...
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Market Wrap for Monday, May 20: Stocks Record Very Minor Losses; Greenback Falls Versus Euro
May 20, 2013
The U.S. stock market fell on Monday in a quiet trading session. The losses, however, were very minor and the sharp uptrend in equities continues to look intact. Nevertheless, traders and investors...
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Suburban Propane Partners, L.P. Announces Closing of Public Offering of Common Units and Full Exercise of Underwriters' Option
May 20, 2013
Suburban Propane Partners, L.P. (NYSE: SPH ) ("Suburban"), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity,...
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News
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VisionChina Media Receives Deficiency Letter from NASDAQ Due to Delay in Filing Annual Report on Form 20-F
May 20, 2013
VisionChina Media (Nasdaq: VISN ), one of China's largest out-of-home digital television advertising networks on mass transportation systems, today announced that on May 16, 2013, the Company received...
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VISN
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News
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General Cable Announces Initiation of Regular Quarterly Dividend of $0.18 per Share. Extends $125M Buyback Through End of 2013
May 20, 2013
General Cable Corporation (NYSE: BGC ) today announced that its Board of Directors has authorized the payment of a regular quarterly dividend. The Board declared an initial quarterly dividend of $0.18...
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ACADIA Pharmaceuticals Announces Exercise in Full of Option to Purchase Additional Shares and Completion of Public Offering of Common Stock
May 20, 2013
ACADIA Pharmaceuticals (NASDAQ: ACAD ) today announced the completion of an underwritten public offering of 9,200,000 shares of its common stock, including 1,200,000 shares sold pursuant to the full...
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AXIS Capital Holdings Limited Redeems All Outstanding 7.25% Series A Preferred Shares
May 20, 2013
AXIS Capital Holdings Limited (NYSE: AXS ) today announced that it will redeem 4,000,000 of its 7.25% Series A Preferred Shares, par value $0.0125 per share and liquidation preference $25.00 per share...
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First Potomac Realty Trust Announces 6.0M Share Public Offering of Common Shares
May 20, 2013
First Potomac Realty Trust (the “Company”) (NYSE: FPO ) today announced that it had commenced an underwritten public offering of 6,000,000 common shares of beneficial interest. The Company intends to...
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Kosmos Energy Announces Results from Sipo-1 Exploration Well
May 20, 2013
Kosmos Energy (NYSE: KOS ) announced today results from the Sipo-1 exploration well onshore Cameroon. Drilled on the Ndian River Block in the Rio del Rey Basin, the well was targeting the Miocene...
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British Pound to Struggle on Easing Inflation- David Song, Currency Analyst at DailyFX
May 20, 2013
"The British Pound may struggle to hold its ground ahead of the Bank of England (BoE) Minutes as the headline reading for U.K. inflation is expected to slow to an annualized rate of 2.6% in April....
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The Laclede Group Announces 8.7M Share Proposed Offering of Common Stock
May 20, 2013
The Laclede Group (NYSE: LG ) (the "Company") announced today that it plans to commence a registered underwritten public offering of up to 8,700,000 shares of its common stock. In addition, the Company...
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Genesys to Acquire SoundBite for $5.00 per Share
May 20, 2013
Genesys, a leading provider of customer engagement and contact center solutions, today announced it signed a definitive agreement to acquire SoundBite Communications (Nasdaq: SDBT ) for a price of...
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Ironwood Pharmaceuticals Announces 10.5M Share Proposed Public Offering of Common Stock
May 20, 2013
Ironwood Pharmaceuticals (NASDAQ: IRWD ) today announced that it has commenced an underwritten public offering of 10,500,000 shares of its Class A common stock. All of the shares are being offered by...
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News
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Ryland Completes Offering of $250M of 0.25% Convertible Senior Notes
May 20, 2013
The Ryland Group, Inc. (NYSE: RYL ) announced the completion of its offering and sale of $250 million aggregate principal amount of 0.25% Convertible Senior Notes due 2019. In addition, the...
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MacBook Orders Could Rise, But Shipments May Not
May 20, 2013
Apple's (NASDAQ: AAPL ) MacBook is reportedly weeks away from receiving its next upgrade. According to DigiTimes , the next MacBook will be enhanced with Intel's (NASDAQ: INTC ) upcoming Haswell...
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Dynegy Completes $500M Senior Notes Offering
May 20, 2013
Dynegy (NYSE: DYN ) has closed its previously announced Rule 144A private placement of $500 million in aggregate principal amount of 5.875% Senior Notes due 2023 (the Notes). Dynegy used the proceeds...
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The Fresh Market Names Jeffrey Ackerman Executive Vice President and Chief Financial Officer
May 20, 2013
The Fresh Market (Nasdaq: TFM ), a high growth specialty retailer of high quality food products, today announced the appointment of Jeffrey Ackerman as its Executive Vice President and Chief Financial...
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Is the Bottom in For J.C. Penney? Stock on the Rise Despite Terrible Earnings
May 20, 2013
Shares of J.C. Penney (NYSE: JCP ) were headed higher to start the trading week on Monday, and investors and traders may want to take notice. Although volume was light, which may be a concern, the...
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Mike Ullman
,
Management
,
Benzinga
, and 10 more.
from
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iPad 5 Production to Rise in July After Spring Trial
May 20, 2013
Trial production for Apple's (NASDAQ: AAPL ) fifth-generation iPad is expected to "begin soon," Taiwan supply chain sources claim. According to DigiTimes , "volume production" will begin in July, "with...
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Digitimes
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Analyst Moves: ABT, ACN, EFX, JCP
May 20, 2013
Goldman Sachs (GS) upgraded shares of Abbott Labratories (ABT) from neutral to buy citing growth of margin expansion. Additionally Goldman upgraded Accenture (ACN) shares to buy placing a $90 target...
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U.S. Army Awards Cubic $21M Foreign Military Sales Training Contract
May 20, 2013
Cubic Corporation (NYSE: CUB ), announced today it was awarded a $21 million foreign military sales contract for its Engagement Skills Trainer 2000 (EST 2000) Plus, virtual small arms training system....
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Mid-Afternoon Market Update: McEwen Mining Rises as Commodities Turn Green
May 20, 2013
Toward the end of trading Monday, the Dow traded down 0.03 percent to 15,349.64, while the NASDAQ rose 0.01 percent to 3,499.69. The S&P was also up, gaining 0.02 percent to 1,667.29. Top Headline...
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Movers
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How Will The Senate's Immigration Bill Affect the Technology Industry?
May 20, 2013
A new Senate Bill attempts to change life for several immigrants in the United States, but they will not be the only ones affected. Investors are left wondering how companies feel about this bill. Last...
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