interest

Federal Reserve Returns $79 Billion In Profits To Federal Government

The bank returned $79 billion to the U.S. Treasury, a 68% increase over 2009.

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The Federal Reserve profited $81.7 billion in 2010, a record high, up from $53.4 billion in 2009.

By Stephanie Shyu
sshyu@fnno.com

Cisco Systems Plans To Offer Senior Notes, Terms TBD

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Cisco Systems (NASDAQ:CSCO) announced today that it intends to offer senior notes under an automatic shelf registration statement filed with the Securities and Exchange Commission. The actual terms of the notes such as the interes

By Stephanie Shyu
sshyu@fnno.com

Dynegy Reports Q4 Loss of $1.36 Per Share (DYN)

After recent management and board changes that may affect the company's strategic plans, Dynegy has decided not to provide guidance estimates for 2011 at the present time.

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Dynegy Inc. (NYSE:DYN) reported a Q4 EPS loss of $1.36 per share. Revenues for the quarter rose to $451 million, up 2.3% from a year ago. Adjusted earnings before interest, taxes, depreciation and amortization fell slightly to $10

By Stephanie Shyu
sshyu@fnno.com

Goodrich Petroleum Up 2.4% After Note Repurchase

The repurchase was made using a portion of the net proceeds from the company's recently-completed offering of $275 million aggregate principal amount of its 8.875% senior notes due 2019.

Goodrich Petroleum shares are up 2.38%, or $0.47, to $20.20.

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Goodrich Petroleum (GDP) shares are higher in afternoon trading after the company announced the repurchase in a privately-negotiated transaction of $123 million aggregate principal amount of its outstanding 3.25% convertible senio

By Stephanie Shyu
sshyu@fnno.com

Bank of England Keeps Interest Rates at 0.5%, Continued Bond Buying

Many economists in the U.K. believe that the BoE is delaying a change in its current policy until further data is available regarding the economic rebound. The monetary policy committee is led by Mervyn King who will present addit

U.K.

analysis, bank of england, business, economy, finance, inflation, interest, news, stock, trading

This morning the Bank of England announced that it will keep its benchmark interest rate at 0.5% and will keep their bond buying program at 200 billion pounds. Despite the uptick in inflationary pressure, the BoE is maintaining it

By Peter Chu
pchu@fnno.com

FNB Corp Topped Q4 Profit Estimates, Reflects Continued Accomplishments

Stephen J. Gurgovits, Chief Executive Officer of F.N.B. Corporation said, "We are very pleased to deliver solid fourth quarter results to end a successful year, The fourth quarter reflects our continued accomplishments in growing

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F.N.B. Corp. (NYSE:FNB) reported Q4 EPS of $0.15, ahead of consensus estimates of $0.13 per share.

By Stephanie Shyu
sshyu@fnno.com

Collins Stewart Upgrades Comcast; Cites Regulatory Approval of NBC Universal Buy

The firm made the call after the Federal Communications Commission and the Department of Justice approved its acquisition of the controlling interest in NBC Universal from General Electric (GE).

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Shares of Comcast (CMCSA) are higher in early trading after the company is reportedly upgraded to Buy from Neutral at Collins Stewart.

By Stephanie Shyu
sshyu@fnno.com

Commodities: Oil, Gold Higher Ahead of Fed Meeting

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By Anonymous

Mid-day Market Update: December 13, 2010

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By Anonymous

Commodities: Oil, Metals Up as China Avoids Rate Hike

Published on Mon, 12/13/2010 - 08:36
By Anonymous in barrel, bullish, chinese, cold, copper, crude, fnn, inflation, interest, oil, rates, refineries
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By Anonymous

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