Market News
Ford (F)
Ford Motor Credit, the finance arm of Ford Motor Company, is planning to sell a new issue of bonds due 2020.
Net proceeds of the bond sale will go toward Ford Motor Credit's general funds, according to the filing, and will be available for the purchase of receivables, for loans and for use in connection with the retirement of debt. Price guidance for the new offer, which is estimated to be $1 billion in size, has the notes yielding in the area of 8.25%-8.375%.
Dec 8 · 2:42:00 PM · Source: Reuters
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by Michael Oliveto
Ford (F)
Ford, after decades of developing vehicle platforms with Japanese affiliate Mazda Motor Corp., intends to go it alone for future models.
"For a lot of designing and engineering, we're going to be focused on Ford," Mark Fields, Ford's president for the Americas, said on the sidelines of the Los Angeles Auto Show. "Our efforts will be focused on the Ford system, as opposed to relying on others such as Mazda."
Dec 8 · 2:40:00 PM · Source: Korea Herald
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by Michael Oliveto
Walmart (WMT)
Walmart declared a regular quarterly dividend in the amount of $.2725 per share payable January 4, 2010 to shareholders of record on December 11, 2009, ex-dividend date December 9, 2009.
Walmart is an S&P Dividend Aristocrat. At today's $54.75 stock price the dividend yield is 1.99%.
Dec 7 · 4:39:00 PM
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by Rich Pike
Citigroup (C)
Kuwait Investment Authority or KIA, the country's sovereign wealth fund, said it sold a $4.1 billion stake in Citigroup.
The KIA said it made a $1.1 billion profit, or a 36.7% return on its investment, according to the emailed statement. The KIA invested $3 billion in Citibank at the beginning of 2008, the authority added.
Dec 7 · 4:30:00 PM · Source: Reuters
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by Michael Oliveto
Bristol-Myers Squibb (BMY)
Bristol-Myers Squibb and Pfizer announced that the companies are planning to submit an application for regulatory approval of apixaban in Europe for the prevention of venous thromboembolism (VTE) after orthopaedic surgery in the first half of 2010.
The application will be supported by ADVANCE-2 and ADVANCE-3, two clinical trials that evaluated apixaban versus the European dosing regimen of for prevention of VTE in patients undergoing orthopaedic surgery.
Dec 7 · 4:26:00 PM · Source: Pharmabiz.com · Related: Pfizer
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by Michael Oliveto
Travelers (TRV)
Travelers declared a regular quarterly dividend in the amount of $.33 per share payable December 31, 2009 to shareholders of record on December 10, 2009, ex-dividend date December 8, 2009.
At today's $50.85 stock price the dividend yield is 2.60%.
Dec 7 · 4:16:00 PM
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by Rich Pike
Boeing (BA)
Boeing's long-delayed new Dreamliner 787 will fly twice by year's end, The Seattle Times reports.
The newspaper reported Friday a source, described only as a person close to the program, said the first flight is targeted for Dec. 18. and a second plane is to be flown 10 days later. The Dreamliner's delivery dates have been pushed back for more than two years, costing money and eroding confidence in the company.
Dec 7 · 4:13:00 PM · Source: iStockAnalyst
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by Michael Oliveto
Amazon (AMZN)
Amazon has officially denied reports that it has plans to open "physical" stores anywhere in the world.
The response comes after rumors that the company was planning on opening high street shops in Britain.
Dec 7 · 4:10:00 PM · Source: Investors.com
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by Michael Oliveto
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