Market News

CNA Financial Corporation (CNA)

CNA Financial Corp. said third-quarter results swung to a profit, reporting net income of $263 million, or 86 cents per share available to stockholders, compared with a loss of $331 million, or $1.23 per share, a year earlier.

Nov 2 · 1:25:00 PM · Source: Company News Release
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by Larry Etter

Simon Property Group (SPG)

Simon Property Group Inc. Friday reported its third-quarter net income attributable to common stockholders was $105.5 million, or $0.38 per share, compared to net income of $112.8 million, or $0.50 per share in the year ago quarter. Total revenues for the quarter was $924.93 million, compared to $935.59 million in the prior year quarter
Revenue was higher than Street views.

Oct 30 · 9:12:00 AM · Source: Company News Release
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by Larry Etter

MetLife (MET)

MetLife said it had a third-quarter net loss of $620 million, or 79 cents a share, compared with net income of $630 million, or 83 cents, in the year-earlier period. Premiums and other revenue at the MetLife business that sells coverage to companies, including retirement plans and employee benefits, slipped about 8 percent to $4.2 billion, while the unit’s operating earnings dropped 21 percent to $311 million on lower investment income.

Oct 29 · 8:53:00 PM · Source: Company News Release
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by Larry Etter

Moody's (MCO)

The ratings agency Moody's today said third-quarter earnings fell 11 percent to $100.6 million, or 42 cents a share, from $113 million, or 46 cents, a year earlier.
Company said the global economic slowdown slowed demand for structured debt rankings, but it said full-year profit will be more than it previously predicted.

Oct 29 · 11:23:00 AM · Source: Company News
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by Larry Etter

Mack-cali Realty Corporation (CLI)

Commerical real estimate company Mack-cali Reality Corp. said it posted a profit of $19.6 million, or 24 cents a share, down from $23.1 million, or 34 cents a share, a year earlier. Funds from operations, an important profitability metric for REITs, dropped to 81 cents from $1.02. Revenue fell 5.2% to $193.6 million as base rents revenue, which makes up a bulk of the total, rose 5.2%; other income tumbled 69%.

Oct 29 · 10:29:00 AM · Source: Company News
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by Larry Etter

Bank of New York Mellon (BK)

Bank of New York Mellon's joint venture with China's Western Securities Co Ltd is still in the process of the Chinese regulatory approval, said Robert P. Kelly, chief executive of the U.S.-based bank, on Tuesday.
The proposed JV asset management firm, in which BNY Mellon intends to take a 49% stake, will open soon after the regulatory approval, with a focus on the retail market in China, according to the chief executive.

Oct 28 · 12:53:00 PM · Source: China Knowledge
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by Michael Oliveto

American Express (AXP)

American Express and Discover were named as the two best credit card companies based on overall consumer satisfaction, according to J.D. Power and Associates 2009 Credit Card Satisfaction Study.
The study ranks consumer satisfaction of credit card usage on six factors including customer interaction, interest rates and fees, payment processes, benefits and services and problem resolution. The study uses a 1,000 point scale and found that consumers are overall much less satisfied with their credit cards in 2009 than they were in 2008 and 2007.

Oct 28 · 12:41:00 PM · Source: American Banking News · Related: Discover Financial Services
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by Michael Oliveto

Lazard Ltd. (LAZ)

Lazard Ltd. said that it had a third quarter profit of $37.4 million, or 41 cents a share, compared to a loss of $77 million, or $1.17 a share. Revenue rose 1.5% to $411.7 million.

Oct 28 · 10:20:00 AM · Source: Company News Release
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by Larry Etter

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