Hints and tips:
...Company commentary supports our view of limited direct impact to P&C : Hannover Re: noted a potential €200m loss across P&C and L&H; Munich Re: noted a €500m loss should all the events it covers for communicable...
...(FT) Hanergy founder disqualified from Hong Kong markets for 8 years (FT) Brussels approves Germany’s €150m Air Berlin loan (FastFT) Magners cider owner C&C to take stake in UK pubs (FastFT) Apax funds...
...The office has 10 trials under way, including a civil case against Bank of America alleging that the lender mis-sold mortgage related securities to Fannie Mae and Freddie Mac....
...(Financial Times) It is stupid to believe that the Tea Party has no brain (Financial Times) When C.E.O.’s embrace the cccult — a tale of extradited fortune-tellers in South Korea....
...Other companies targeted by the hackers include a Visa Inc licensee, J.C. Penney Co, JetBlue Airways Corp and French retailer Carrefour SA, according to an indictment unveiled in New Jersey.”...
.... ——————————————- Hold: C&C Group (CCR) Second-quarter gains and operational changes should mean a better second half in the US, justifying a forward p/e ratio of 13.5, writes Julia Bradshaw....
...(Financial Times) Investors in Fannie Mae and Freddie Mac could accept less than full value for their preferred shares in a mooted restructuring plan for the bailed out US housing finance agencies, says...
...The demand for guns has only increased since then, sending shares in Smith & Wesson and Sturm, Ruger up 35 per cent and 61 per cent on the year to date respectively, while the S&P 500 is up 24 per cent in...
...SLM Corporation, better known as Sallie Mae, lost 3.6 per cent to $17.11 on disappointment at the failure of Mitt Romney to capture the White House and Republicans to recapture the Senate....
...After starting the year at 115p, shares in M&C Saatchi fell 2½p on Tuesday to 152½p, leaving them trading at 10 times Numis’ forecast 2012 earnings, appealing for an upwardly mobile agency....
...Concerns grow over Fannie and Freddie debt Asian and Middle Eastern central banks and sovereign wealth funds are increasingly anxious about the safety of their investments in the debt of Fannie Mae and Freddie...
...Concerns grow over Fannie and Freddie debt Asian and Middle Eastern central banks and sovereign wealth funds are increasingly anxious about the safety of their investments in the debt of Fannie Mae and...
...This anticipates further downgrades by S&P of the credit ratings of securities issued by entities linked to the US government, such as the Fannie Mae and Freddie Mac....
...S&P indicated there would be further related downgrades to follow on Monday – Fannie Mae and Freddie Mac, which buy and sell mortgages and issue securities as quasi-government agencies, are almost certain...
...S&P wants to see $4,000bn in cuts, far more than the proposals being discussed....
...Officials for Fannie Mae and Freddie Mac declined to comment....
...It said this review could affect the triple A ratings on some $130bn of municipal debt as well as issues by Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the Federal Farm Credit Banks....
...The shares closed 1p lower at 108½p....
...M&C Saatchi’s shares, which have risen by a third in the past three months, closed up ½p at 83p on Thursday....
...The S&P 500 index closed 0.9 per cent lower at 1,081.40. The S&P financials sub-index dropped 1.9 per cent....
...In that sense, one could compare CECA to Spain’s version of US government-sponsored enterprises like Fannie Mae and Freddie Mac....
...Thursday’s share price rise leaves Matthew Freud, the founder of PR group Freud Communications, well in profit after buying a 3.3 per cent stake last month for between 24p and 26½p....
...The agency was trading at between 24p and 26½p when Mr Freud bought 2.04m shares last week. That represented a fall of about 85 per cent from its high of 169½p in April 2007....
...Bloomsbury shares rose 4¼p to 170p....
...Thus shares open 30¼p or more than 20 per cent higher at 175½p, while C&W was 2.2p or 1.5 per cent higher at 149.6p....
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