Federal Appeals Court Rejects $115 Million Tax Claim By Well

Published on Fri, 04/15/2011 - 13:33
By FNNO Staff in asset, court, deduction, federal, finance, financial, lease, news, sale, tax, taxpayer, transactions, wells fargo
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By FNNO Staff

ING Opens 1.5% Down, Forced to Sell its Direct Operations in U.S.

The European Commission ordered ING to nearly halve its balance sheet by selling its global insurance arm and some smaller banking assets, including its direct banking business in the U.S., as a condition for receiving state funds

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ING (ING) opens lower after giving up its resistance to the forced sale of its ING Direct operations in the U.S., according to Dow Jones.

By FNNO Staff

Morgan Stanley Lowers EPS Estimates For Ford Motor, Maintains Overweight Rating

The bank sees 2011 EPS of $1.75 down from $2.40, vs. the consensus for $1.84 per share, and 2012 EPS of $1.95 down from $2.45, vs. the consensus estimate of $1.96 per share.

The revisions are based on the continued improvement in Ford's operating results which should lead to a reversal of almost all of Ford's valuation allowance against deferred tax assets as soon as the second half of this year.

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Morgan Stanley lowered its EPS estimates for Ford Motor Company (NYSE:F), while maintaining its overweight rating and $21 target price for the company.

By FNNO Staff

MBIA Reports Q4 Results (MBI)

The bond insurer also reported an adjusted pre-tax loss of $311 million in the latest quarter, versus an adjusted pre-tax loss of $541 million in the fourth quarter of 2009.


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MBIA Inc. (NYSE:MBI) reported net income available to common shareholders of $451 million, or $2.24 per share, which may not be comparable with the consensus estimate for a loss of $0.27 per share. Adjusted Book Value was recorded

By Stephanie Shyu

Goldman Exec: Bank Bought Too Many Illiquid Assets Before Financial Crisis - Shares Down Fractionally

The comments came from a conference in Miami hosted by Credit Suisse. Viniar said that Goldman was "buying more illiquid assets than we probably should have."

Goldman shares are down 0.88%, or $1.49, to $167.05.

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Goldman Sachs (GS) shares are down after Goldman Chief Financial Officer David Viniar said the bank bought too many hard-to-sell assets before the financial crisis in 2008, according to Bloomberg.

By Christie Duffy

Apollo Investment Reports 8 New Portfolios in Q4, Announces $0.28 Q4'11 Dividend

Investments sold or prepaid in the quarter came to $481 million compared with $67 million a year ago.

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Apollo Investment Corporation (NASDAQ:AINV) announced its Q4 financial results Thursday afternoon with $382 million in investments across 8 new and 3 existing portfolio companies compared with $212 million in 2 new and existing po

By Stephanie Shyu

Annaly Capital Misses on Q4 EPS (NLY)

Chairman, Chief Executive Officer and President Michael Farrell said, "Regulation, public policy and the state of the economy continue to be a focus of the marketplace, as the evolution of these issues will affect not only return

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Annaly Capital (NYSE:NLY) reported Q4 adjusted EPS of 60 cents, missing consensus estimates of 64 cents. Revenue totaled $428.2 million which was just shy of the $436.1 million analysts were expecting.

By Stephanie Shyu

Citigroup Boosts PT & '10-'11 Estimates for KKR (KKR)

analyst, asset, bonds, capital, citigroup, credit, debt, equity, financing, investment, kkr, liquidity, loans, markets, nyse, portfolio, price, stock, target

Citigroup Inc. lifted its price target for KKR Co. (NYSE:KKR) on Friday, from $18.00 to $21.00, with a Buy rating maintained. Citigroup raised its 2010 EPS estimate for the firm from $2.42 to $2.59, and hiked its 2011 EPS estimat

By FNN Staff

Morning Market Snapshot: December 10th, 2010

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By Anonymous

American Capital's Ratings Outlook Boosted to Stable by S&P

Published on Wed, 12/08/2010 - 15:55
By Anonymous in acas, acquisition, american, asset, buyout, capital, equity, fnn, investment, nasdaq, private, ratings, s&p, securitization
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By Anonymous

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