By FNN Staff
root@fnn-online.com

Videos

  •      12:43 PM Reluctant Democrats Say Tax Bill Likely to Pass

    The AP is reporting House Majority Leader Steny Hoyer said Thursday that Democrats in Congress will have no choice but to accept the tax bill negotiated by President Barack Obama.

    The Maryland Democrat said that if Democrats continue to fight the deal, which includes tax cuts for the...

  • 11:40 AM ShengdaTech Slides 16% on $120-Mln Re-Fi Bid

    "ShengdaTech Inc. (SDTH) is down nearly $1, or about 16%, after announcing plans to offer as much as $120 million of senior convertible notes due 2015, using at least $62 million of the proceeds to refinance existing convertible notes due 2018.

    Any remaining funds would be used to expand...

  • 11:37 AM More of America's Wealthiest Pledge to Donate

    The AP is reporting that more of America's richest are pledging to donate their wealth.

    Seventeen of the wealthiest people in the United States, including Facebook's Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have promised to join the Giving Pledge, a...

  • 11:36 AM Concho Resources to offer $350M Notes; Shares Up Over 2%

    "Concho Resources (CXO) is up after it says it will offer $350 million aggregate principal amount of senior unsecured notes due 2021.

    The senior unsecured notes will be fully and unconditionally guaranteed by substantially all of CXO's current subsidiaries. CXO intends to use the net...

  • 11:34 AM HeartWare International Down 5% on Convertible Note Sale

    "HeartWare International Inc. (HTWR) was down more than 5%, sliding $4.83 to $84.06, after announcing plans this morning to sell $100 million in convertible senior notes due 2017. Proceeds are tabbed to expand manufacturing facilities and general corporate purposes.

    Also, one of...

  • 11:33 AM State Street Slips 2.5%; Sees Q4 Loss as It Shifts Portfolio

    State Street (STT) is down after it said it will post a Q4 loss due to sales of $11 billion of securities, but the sales will enhance its capital ratios.

    The company said it would record an after-tax loss of $350 million for the quarter, but operating earnings are still expected to top...

  • 11:32 AM LINN Energy Pares Drop after Pricing Unit Offering

    "LINN Energy LLC (LINE) is starting to trim its earlier losses after pricing its upcoming offering of 10 million units at $35.92 per unit.

    Shares were off nearly 5% to $35.55, down $1.83, in pre-trade after disclosing plans for the offering last night. The offering is expected to settle...

  • 11:31 AM Morgan Stanley Raised PT For Arch Coal To $40 (ACI)

    "Morgan Stanley raised its price target for Arch Coal (NYSE:ACI) to $40 from $32 and maintained its overweight rating on the stock.

    The bank sees 2010 EPS of $1.11 and 2011 EPS of $2.72.

    Arch Coal, Inc. mines, processes, and markets low sulfur coal from surface, underground, and...

  • 11:29 AM Morgan Stanley Raised PT To C$61 For Bank of Nova Scotia

    Morgan Stanley raised its price target for Bank of Nova Scotia to C$61 from C$60 and maintained its overweight rating on the stock.

    Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which...

  • 11:25 AM Morgan Stanley Maintained EW Rating On Alpha Natural Resourc

    Morgan Stanley maintained its equal-weight rating on Alpha Natural Resources (NYSE:ANR) and sees 2010 EPS of $2.55 and 2011 EPS of $4.93.

    Alpha Natural Resources, Inc. extracts, processes, and markets steam and metallurgical coal. The Company conducts operations from surface and...