Market News

Capital One (COF)

Capital One Financial Corporation announced a quarterly dividend of $0.05 per share payable November 20, 2009 to stockholders of record as of November 11, 2009.
The company has announced dividends every quarter since it became an independent company on February 28, 1995.

Nov 3 · 4:51:00 PM · Source: Business Wire
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by Michael Oliveto

Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation announced that it has acquired a 20% minority interest in Siguler Guff & Company LLC and certain related entities, a multi-strategy private equity firm with approximately $8 billion in assets under management and committed capital.
Siguler Guff's focused investment offerings include fund of funds targeting distressed security investing, investing in emerging markets, including Brazil, Russia, India and China, and investing in small cap buyout opportunities.

Nov 3 · 4:40:00 PM · Source: Reuters
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by Michael Oliveto

Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation announced that it has completed its previously announced acquisition of Pinnacle Arbitrage Compliance, one of the independent U.S. firms devoted exclusively to compliance services for tax-exempt bond issuers and conduit borrowers.
Terms of the agreement, first announced on September 2, were not disclosed.

Nov 3 · 4:40:00 PM · Source: Reuters
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by Michael Oliveto

Bank of New York Mellon (BK)

The Bank of New York Mellon Corporation announced that it has completed the acquisition of Insight Investment Management Limited from Lloyds Banking Group plc.
Based in London, Insight Investment specialises in Liability Driven Investment solutions, active Fixed Income and Absolute Return. Insight Investment's assets under management, net of identified internal assets that will be retained by another part of the Lloyds Banking Group, are approximately $133 billion.

Nov 3 · 4:38:00 PM · Source: Reuters
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by Michael Oliveto

Principal Financial Group (PFG)

Principal Financial Group said that it reported a third quarter profit of $192.9 million, or 57 cents a share, up from $98.3 million, or 35 cents a share, a year earlier. Operating earnings, which exclude net realized capital gains and losses, fell to 74 cents from 96 cents on lower assets under management, higher benefit costs and lower investment income. Revenue slid 9.1% to $2.27 billion.
The company said "mproved market conditions, and the positive impact of actions by management over the past several quarters, contributed to a strong sequential increase in assets under management and operating earnings."

Nov 2 · 10:14:00 PM · Source: Company News Release
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by Larry Etter

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

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