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Treasury Department Announces It Is Selling Its $142 MBS Portfolio

The Treasury acquired the MBS in 2008 and 2009 at the height of the financial crisis, as the near total shutdown of credit markets threatened to cut off all credit for homebuyers.

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The Treasury Department will sell up to $10 billion mortgage backed securities (MBS) a month of its total $142 billion portfolio it has acquired over the last several years, the department announced on Monday.

By FNNO Staff
fnnonline@gmail.com

CreXus Investment to Acquire Commercial Real Estate Mortgage Loan Portfolio from Barclays Capital

The closing of the transaction is subject to the completion of certain conditions, including the successful completion of a common stock offering by CXS and obtaining certain consents. The acquisition, which is valued at approxima

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CreXus Investment (CXS) today announced that it has signed a definitive asset purchase agreement with Barclays Bank's (BCS) affiliate, Barclays Capital Real Estate, to purchase a portfolio of commercial real estate assets.

By Stephanie Shyu
sshyu@fnno.com

Owens Corning Tops Q4 EPS Estimates

Chairman and CEO Mike Thaman said, ""Owens Corning's portfolio of market-leading businesses delivered robust profitability despite markets that continued to perform well below their potential. Improving global demand fueled impres

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"Owens Corning (NYSE:OC) reported Q4 EPS of 23 cents, topping consensus estimates of 19 cents. Q4 EBIT was reported at $64 million.

By Stephanie Shyu
sshyu@fnno.com

Akamai Technologies Topped Q4 Estimates, Top Line Up 12%

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"Akamai Technologies (NASDAQ:AKAM) reported Q4 adjusted EPS of $0.40, ahead of consensus estimates of $0.38 per share.

By Stephanie Shyu
sshyu@fnno.com

Take-Two Interactive Software Topped Q4 Estimates, Top Line Down 7% (TTWO)

Strauss Zelnick, Chairman and Chief Executive Officer of Take-Two, commented, "Strong holiday sales enabled Take-Two to continue to deliver better-than-expected revenue and earnings in the third quarter.

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Take-Two Interactive Software (NASDAQ:TTWO) reported Q4 EPS of $0.52, ahead of consensus estimates of $0.32 per share. Revenues for the quarter fell 7% year-over-year to $334.3 million, topping consensus estimates of $310.0 millio

By Stephanie Shyu
sshyu@fnno.com

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
sshyu@fnno.com

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
sshyu@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

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

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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
root@fnn-online.com

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