DTF.com.au - Western Asset Management News

Western Asset Management News

Li Ka-shing to buy EDF's UK grids for £5.8 billion Friday, July 30, 2010 @ 10:33AMHong Kong billionaire Li Ka-shing is to buy UK power grids from France's EDF for 5.8 billion pounds the biggest full European acquisition by a North Asian group.
Roux set for SARU role Friday, July 30, 2010 @ 8:44AMJurie Roux is set to be appointed as the new CEO of the South African Rugby Union (SARU) after his nomination was endorsed by the organisation's general council. Related Stories Grant reveals pride at captaincy O'Connor relishing challenge SANZAR to investigate De Villiers Joseph heads south Sharks snap up Rouse
UPDATE 6-Li Ka-shing to buy EDF's UK grids for $9 bln Friday, July 30, 2010 @ 8:12AMUPDATE 6-Li Ka-shing to buy EDF's UK grids for $9 bln
Roux set for SARU role Friday, July 30, 2010 @ 8:10AMJurie Roux is set to be appointed as the new CEO of the South African Rugby Union (SARU) after his nomination was endorsed by the organisation's general council.
Chevron Reports Second Quarter Net Income of $5.4 Billion, up from $1.7 Billion in Second Quarter 2009 Friday, July 30, 2010 @ 7:30AMSAN RAMON, Calif.----Chevron Corporation today reported earnings of $5.41 billion for the second quarter 2010, compared with $1.75 billion in the 2009 second quarter. Foreign currency effects increased earnings in the 2010 quarter by $241 million, compared with a reduction of $453 million a year earlier.
Capital Bank Announces Financial Results for Second Quarter of 2010 Friday, July 30, 2010 @ 7:25AMCapital Bank Corporation , the parent company of Capital Bank, today reported financial results for the second quarter of 2010.
Nomura, Macquarie hit by fewer deals, frail markets Friday, July 30, 2010 @ 7:11AMBoth companies see shares drop on earnings news. 30 Jul 2010 9:57 PM
Ply Gem Reports Second Quarter 2010 Results Friday, July 30, 2010 @ 7:10AMCARY, N.C.--(BUSINESS WIRE)--Ply Gem Holdings, Inc. (“Ply Gem” or the “Company”), a leading manufacturer of residential exterior building products in North America, today announced financial results for the second quarter and first half of 2010. Our highlights included: Net sales for the second quarter were $301.7 million, higher than the prior year second quarter of $260.6 million by $41.1 ...
LMP Capital and Income Fund Inc. Conference Call Replay Now Available Friday, July 30, 2010 @ 7:09AMNEW YORK--(BUSINESS WIRE)--The replay of the LMP Capital and Income Fund Inc. (NYSE: SCD), conference call, held on July 23, 2010, is now available. Peter Vanderlee and Michael Clarfeld of ClearBridge Advisors described the Fund’s positioning and provided an update. Investors can access a replay of this call by phone or by visiting our website: Phone: Dial-in number: USA Toll Free Number: 1-800 ...
Emerging Yields at Record Low, Best Gain in 10 Months Friday, July 30, 2010 @ 7:05AMEmerging-market bonds are heading for their biggest monthly rally since September, cutting yields to a record low, as accelerating economic growth and Argentina’s debt restructuring spur confidence.
Coldwell Banker Residential Brokerage Appoints Chris Crocker as Branch Manager Wednesday, July 28, 2010 @ 6:43PMNEWPORT BEACH, Calif.—July 28, 2010—Coldwell Banker Residential Brokerage is pleased to announce that Chris Crocker will lead the Newport Beach Coast Highway and Balboa Island offices as branch manager.
DiagnoCure hires new Chief Financial Officer Wednesday, July 28, 2010 @ 6:14PMQUEBEC CITY, July 28 /PRNewswire-FirstCall/ - DiagnoCure, Inc. (TSX: CUR), a life sciences company commercializing high-value cancer diagnostic tests and delivering laboratory services, today announced the hiring of Chantal Miklosi, MBA, as the new Chief Financial Officer. Mrs. Miklosi brings over 15 years experience in investment banking and finance. Prior to joining DiagnoCure, Mrs. Miklosi ...
Bankers Petroleum (BNK.TO) Holds Reserves-Growth Opportunity, Says Sentry Select Capital Portfolio Manager Wednesday, July 28, 2010 @ 4:40PM67 WALL STREET, New York - July 28, 2010 - The Wall Street Transcript has just published its Real Estate Investing and Other Investing Strategies Report offering a timely review of the sector to serious investors and industry executives. This feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is ...
Agnico-Eagle reports Q2 2010 results; record quarterly revenue, net income and gold production Wednesday, July 28, 2010 @ 3:30PMStock Symbol: AEM (NYSE and TSX) (All amounts expressed in U.S. dollars unless otherwise noted) TORONTO , July 28 /PRNewswire-FirstCall/ - Agnico-Eagle Mines Limited ("Agnico-Eagle" or the "Company") today reported a record quarterly net income of $100.4 million , or $0.64 per share, for the second quarter of 2010. This result includes a non-cash foreign currency translation gain of $17.4 ...
Pioneer Natural Resources Reports Second Quarter 2010 Results Wednesday, July 28, 2010 @ 3:30PMDALLAS----Pioneer Natural Resources Company today announced financial and operating results for the quarter ended June 30, 2010.
DiagnoCure hires new Chief Financial Officer Wednesday, July 28, 2010 @ 3:05PMDiagnoCure, Inc. , a life sciences company commercializing high-value cancer diagnostic tests and delivering laboratory services, today announced the hiring of Chantal Miklosi, MBA, as the new Chief Financial Officer.
European Stocks Decline as U.S. Goods Orders Trail Forecasts Wednesday, July 28, 2010 @ 9:54AMEuropean stocks slid, halting a six- day rally for the Stoxx Europe 600 Index, after a report showed an unexpected decline in orders for U.S. durable goods.
Enbridge Energy Partners to Acquire $682M Natural Gas Gathering and Processing System Wednesday, July 28, 2010 @ 9:47AMHOUSTON, TX -- Enbridge Energy Partners, L.P. (NYSE: EEP) ("the Partnership") today announced that i...
First Western Capital Management Issues New Report on High-Yield Securities Wednesday, July 28, 2010 @ 9:37AMLOS ANGELES, CA--(Marketwire - July 28, 2010) - First Western Capital Management, a Los-Angeles based institutional investment firm, has released a report on high yield securities, including a brief history of the asset class and an assessment of high yield bonds as an alternative to equities.
First Western Capital Management Issues New Report on High-Yield Securities Wednesday, July 28, 2010 @ 9:32AMLOS ANGELES, CA--(Marketwire - 07/28/10) - First Western Capital Management, a Los-Angeles based institutional investment firm, has released a report on high yield securities, including a brief history of the asset class and an assessment of high yield bonds as an alternative to equities. Chief Investment Officer, Kenneth Malamed shares his insights in the report, It's the Coupon, which is the ...
Orford joins Central Coast push Wednesday, July 28, 2010 @ 9:00AMTHE Central Coast Bears' bid for NRL inclusion has gained a new face in star halfback Matt Orford.
Newton Appoints Terry Coles Wednesday, July 28, 2010 @ 8:59AMNewton* has appointed Terry Coles as investment manager in its global equities team.
Phillis joins Lexington Minuteman staff Wednesday, July 28, 2010 @ 7:27AMMichael Phillis has joined the Lexington Minuteman as a staff reporter.
Utilities Worldwide Succeed With Oracle Utilities Applications Wednesday, July 28, 2010 @ 7:00AMREDWOOD SHORES, CA--(Marketwire - 07/28/10) - Oracle (NASDAQ: ORCL - News ) News Facts More than 100 utilities worldwide selected or implemented Oracle Utilities applications in fiscal year 2010 to respond to environmental imperatives, adapt to changing business conditions, meet and exceed customer expectations, implement smart grid components and address operational issues. For example ...
Enbridge Energy Partners to Acquire $682 Million Natural Gas Gathering and Processing System in Texas Panhandle ... Wednesday, July 28, 2010 @ 6:05AMHOUSTON, TX--(Marketwire - July 28, 2010) - Enbridge Energy Partners, L.P. ( NYSE : EEP ) ("the Partnership") today announced that its affiliate, Enbridge Pipelines (TX Gathering) LP, plans to acquire the entities that comprise the Elk City Gathering and Processing System ("ECOP") from Atlas Pipeline Partners for $682 million. The acquisition is expected to close by late 3rd quarter or in 4th ...
AGCO Reports Second Quarter Results Tuesday, July 27, 2010 @ 7:11AMDULUTH, Ga.----AGCO, Your Agriculture Company , a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.7 billion for the second quarter of 2010, down 1.4% compared to the second quarter of 2009.
FirstMerit Corporation Reports Second Quarter 2010 EPS of $0.32 Per Share Tuesday, July 27, 2010 @ 6:30AMFirstMerit Corporation reported second quarter 2010 net income of $31.5 million, or $0.32 per diluted share. Â This compares with $18.8 million, or $0.21 per diluted share, for the first quarter 2010 and $15.5 million, or $0.13 per diluted share, for the second quarter 2009. Â
Western Union Reports Second Quarter Results Tuesday, July 27, 2010 @ 6:30AMENGLEWOOD, Colo.----The Western Union Company today reported financial results for the 2010 second quarter.
Sales Improvement of 25 Percent Drives Substantial Profit Increase at Group 1 Automotive in Second Quarter Tuesday, July 27, 2010 @ 6:06AMShare Repurchase Authorization Announced
Sales Improvement of 25 Percent Drives Substantial Profit Increase at Group 1 Automotive in Second Quarter Tuesday, July 27, 2010 @ 6:00AMHOUSTON, TX--(Marketwire - 07/27/10) - Group 1 Automotive, Inc. (NYSE: GPI - News ), a Fortune 500 automotive retailer, today reported a second-quarter adjusted net income increase of 73.0 percent to $17.8 million, or $0.75 per diluted share, for the period ended June 30, 2010. This compares to adjusted net income of $10.3 million, or $0.44 per diluted share, for the second quarter of 2009 ...
Ukraine: Milking both cows Tuesday, July 27, 2010 @ 3:51AMTimothy Ash, the Head of Emerging Markets Research at the Royal Bank of Scotland, writes:We visited Kyiv on July 21 - 23, 2010, meeting with the Minister of Energy, officials from the Ministry of Finance, the central bank, the International Monetary Fund, the City of Kyiv, alongside various local banks/corporates, journalists and diplomats.
Pernod, Electrolux Feel Europe's Spending Cuts Bite as Consumers Cut Back Monday, July 26, 2010 @ 6:33PMEurope’s biggest consumer companies are starting to feel the pinch of budget-cutting.
Enbridge Energy Partners Lakehead System Pipeline Leaks Crude Oil Near Marshall, Michigan Monday, July 26, 2010 @ 5:05PMHOUSTON, TEXAS--(Marketwire - July 26, 2010) - Enbridge Energy Partners, L.P. (NYSE:EEP) (the "Partnership") reported today that a pipeline on its Lakehead System leaked at approximately 9:45 a.m. CDT near the company's Marshall, Mich., pump station. Initial estimates are that approximately 19,500 barrels of crude oil may have been released as a result. The pipeline was shut down and isolation ...
Enbridge Energy Partners Lakehead System Pipeline Leaks Crude Oil Near Marshall, Michigan Monday, July 26, 2010 @ 4:56PMHOUSTON, TEXAS--(Marketwire - 07/26/10) - Enbridge Energy Partners, L.P. (NYSE: EEP - News ) (the "Partnership") reported today that a pipeline on its Lakehead System leaked at approximately 9:45 a.m. CDT near the company's Marshall, Mich., pump station. Initial estimates are that approximately 19,500 barrels of crude oil may have been released as a result. The pipeline was shut down and ...
Legg Mason’s Net Drops 4.2% as Lower Assets Cut Fees Monday, July 26, 2010 @ 4:24PMLegg Mason Inc. said fiscal first- quarter earnings fell 4.2 percent as declining assets reduced fees at the Baltimore-based money manager.
Mainstreet's Continued Focus on Key Goals Yields Positive Trends in Key Performance Metrics Monday, July 26, 2010 @ 4:00PMIn the third quarter of 2010, Mainstreet Equity Corp. maintained a tight focus on its strategic goals for 2010:
Financial Institutions, Inc. Posts 88% Increase in First Half Earnings Monday, July 26, 2010 @ 3:30PMWARSAW, N.Y. -- Financial Institutions, Inc. , the parent company of Five Star Bank, today announced financial results for the second quarter ended June 30, 2010. Net income for the Company was $5.2 million or $0.39 per diluted share for the second quarter of 2010, compared with $2.6 million or $0.16 per diluted share for the second quarter of 2009.
QEP Resources Reports Second Quarter 2010 Production, Raises 2010 Production Guidance and Provides Operations Update Monday, July 26, 2010 @ 3:01PMQEP Resources today reported second quarter 2010 production and provided an update on recent well results and midstream operations. This update precedes the release of the company's second quarter financial results which will be issued after the market close on July 27, 2010.
Heartland Financial USA, Inc. Reports Second Quarter 2010 Results Monday, July 26, 2010 @ 3:00PMDUBUQUE, Iowa----Heartland Financial USA, Inc. : Quarter Ended Six Months June 30, Ended June 30, 2010 2009 2010 2009 Net income $ 5.1 $ 4.7 $ 10.4 $ 10.8 Net income available to common stockholders 3.8 3.4 7.8 8.2 Diluted earnings per common share 0.23 0.21 0.47 0.50 Return on average assets 0.37 % 0.36 % 0.39 % 0.45 % Return on average common equity 6.25 5.74 6.54 6.99 Net interest margin 4.09 ...
Legg Mason Reports Results for First Fiscal Quarter 2011 Monday, July 26, 2010 @ 3:00PMLegg Mason, Inc. today reported its operating results for the first fiscal quarter ended June 30, 2010. Â The Company reported net income of $47.9 million or $0.30 per diluted share, as compared with $63.6 million, or $0.39 per diluted share, in the previous quarter. Â In the quarter, Legg Mason raised $1.3 billion through a closed-end fund launch, the largest in the industry since 2007. Â ...
POLITICAL ECONOMY Monday, July 26, 2010 @ 11:31AMGlenn Agliotti now also charged with conspiracy to murder four others, including Mark Bristow, CEO of Randgold Resources. Convicted drug trafficker Glenn Agliotti's murder trial kicked off on Monday in Johannesburg, with the surprise addition of conspiracy-to-murder charges. Surprise?
Arch Coal Selects Mincom for Enterprise Asset Management (EAM) and Inventory Optimization Across its Nationwide Mining ... Monday, July 26, 2010 @ 8:00AMDENVER----Mincom, a leading global provider of software solutions and services for asset-intensive industries, today announced a significant new agreement with Arch Coal, Inc. , the second-largest U.S. coal producer.
18,020.05 Monday, July 26, 2010 @ 7:03AMThe Bonds will be issued through our London branch as of July 27, 2010 and shall be listed on Singapore Stock Exchange.
Education debate rages Sunday, July 25, 2010 @ 5:09PMWhile many would agree the current educational requirements for entry into financial planning are inadequate, there is little common ground on how to resolve the issue, writes Chris Kennedy.
NEWS IN BRIEF - 7/25/10 Sunday, July 25, 2010 @ 2:15AMHAPCAP announces openings for its food programs
The Coaches Get a Report Card: Grading All 30 NBA Sideline Chiefs Friday, July 23, 2010 @ 1:05PMPro basketball players are often handed graded performance reviews by columnists and analysts. What about the sideline bosses who tell them what play or offense to run and how to run it? Those guys should get report cards, too. Some fail at the job worse than Mel Gibson does his family life, while others prosper in the face of adversity and undue stress. What constitutes superb coaching varies ...
Emerging Market Bonds Are Among Safest Investments, Ashmore's Booth Says Friday, July 23, 2010 @ 11:25AMEmerging-market bonds will outperform developed-nation debt over the next three to four years as developing countries allow their currencies to appreciate, said Jerome Booth of Ashmore Investment Management Ltd.
PAW Enters Into Conditional Purchase Agreement With the Right to Acquire the Majority of a Large Scale Niobium/Rare ... Friday, July 23, 2010 @ 11:20AMVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2010) -
Northern Blizzard Completes Acquisition of Nexen Heavy Oil Properties Friday, July 23, 2010 @ 7:07AMCALGARY, ALBERTA--(Marketwire - July 23, 2010) - Northern Blizzard Resources Inc. ("Northern Blizzard") announces that it has successfully completed the acquisition of all of Nexen Inc.'s heavy oil properties in Western Canada for CAD$975 million (before closing adjustments). These properties produced approximately 15,000 boe/d in the second quarter of 2010. Bank financing was provided by a ...
Gold Makes Dead Portuguese Dictator Top Investor Without Gains Wednesday, July 21, 2010 @ 6:37PMFormer dictator Antonio de Oliveira Salazar might be remembered as Portugal’s best investor had central bank rules allowed the country to benefit from his shrewdest trade: Europe’s biggest gold pile.