Market News

American Express (AXP)

American Express Company Wednesday announced it has agreed to acquire Revolution Money, a company launched by AOL Co-founder Steve Case's Revolution LLC in 2007 to provides secure payments through an internet based platform.
Interestingly, American Express is buying a nascent competitor that has positioned itself to merchants as a low-cost alternative as Revolution offers PIN-based credit cards that charge merchants a fraction of the typical acceptance cost and free online money transfers.

Nov 18 · 11:58:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Lazard Ltd. (LAZ)

Lazard Ltd. Tuesday said it had named Kenneth Jacobs, head of the investment bank’s North American businesses, as chairman and CEO, succeeding Bruce Wasserstein, who passed away last month. Jacobs, 51, takes over from interim CEO Steven Golub, 63, who will continue as vice chairman of Lazard and chairman of the financial-advisory group.

Nov 17 · 11:44:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Citigroup (C)

Bain Capital is finalizing a roughly $1.1 billion deal to buy Japanese telemarketer Bellsystem24 from Citigroup.

Nov 14 · 4:28:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

American Express (AXP)

American Express Business Travel, has been named the “World’s Leading Business Travel Agency” by World Travel Awards.
With more than 180,000 travel professionals and key suppliers casting votes, the award recognizes American Express Business Travel for service excellence and the commitment to achieving best-in-class travel and expense management.

Nov 14 · 3:44:00 PM · Source: Business Wire
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Bank of New York Mellon (BK)

Bank of New York Mellon CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp, defusing speculation that he would leave his current post.
"I want to be clear: I am not interested," Kelly wrote.

Nov 12 · 4:42:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Allstate (ALL)

The Allstate Corporation announced a quarterly dividend of $0.20 on each outstanding share of the Company's common stock, payable in cash on January 5, 2010 to stockholders of record at the close of business on November 30, 2009.

Nov 12 · 2:50:00 PM · Source: Reuters
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

New England Bancshares Inc. (NEBS)

New England Bancshares, Inc. today announced the company’s Board of Directors declared a cash dividend for the quarter ended September 30, 2009 of $0.02 per share. The cash dividend will be payable on December 14, 2009 to stockholders of record on November 25, 2009.

Nov 10 · 12:07:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

GAMCO Investors (GBL)

GAMCO Investors, Inc. Friday announced third quarter 2009 earnings of $0.53 per fully diluted share versus $0.43 per fully diluted share in the third quarter 2008. Net income was $14.7 million in the third quarter 2009 compared to $12.0 million in the third quarter. Revenues were down 18.1 percent to $51.582 million from $62.980 million.

Nov 6 · 5:39:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Previous · Next