Latest Jefferies Group (JEF) Headlines
Fitch Affirms Jefferies' Long- and Short-Term IDRs at 'BBB-/F3'; Outlook Stable
Business Wire - Thu Mar 06, 4:22PM CST
Fitch Ratings has affirmed Jefferies Group LLC's (Jefferies) long-term Issuer Default Rating (IDR) at 'BBB-' and its short-term IDR at 'F3'. The Rating Outlook remains Stable. See the full list of ratings at the end of this press release.
Jefferies Reports Preliminary Fiscal First-Quarter 2014 Financial Results
Business Wire - Tue Mar 04, 7:02AM CST
Jefferies Group LLC today announced preliminary financial results for its fiscal first quarter 2014. Jefferies will release additional details about its first quarter 2014 results on March 18, 2014. These preliminary quarterly results are being released in advance of Jefferies' normal earnings release schedule in light of the Leucadia and Jefferies conference call to be held later this morning on March 4, 2014 and, as such, the preliminary release of earnings is a one-time occurrence.
Sonoco ThermoSafe Launches Envoy® Frozen Series of Pre-Qualified Shippers
PR Newswire - Tue Mar 04, 4:30AM CST
Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and a leading global provider of temperature assurance packaging, has added frozen (less than minus 20 degrees Celsius) configurations to its popular Envoy Series of pre-qualified shippers. The Envoy Series is a proven solution for maintaining pharmaceuticals, biologics, vaccines and other high-value products within a specified temperature range during transport. With the addition of the frozen range, the Envoy Series now offers a complete suite of solutions for frozen, refrigerated and CRT shipping applications.
Leucadia National Corporation Announces 2013 Results
Business Wire - Fri Feb 28, 2:20PM CST
Leucadia National Corporation (NYSE:LUK) today announced its operating results for the year ended December 31, 2013. Net income attributable to Leucadia National Corporation common shareholders was $369.2 million ($1.06 per diluted common share) for 2013 compared to $854.5 million ($3.44 per diluted common share) for 2012. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries since its acquisition on March 1, 2013. In addition, during 2013, operating results include realized and unrealized gains of $410.3 million, excluding investments held by Jefferies, comprised of an unrealized gain on Jefferies shares prior to the acquisition and a realized gain related to the sale of Inmet Mining Corporation. During 2012, operating results include realized gains and income recognized of $1,179.8 million related to securities of Fortescue Metals Group Ltd.
Wandering Fools: Napa Valley
Tim Hanson, Motley Fool Asset Management - Motley Fool - Sun Dec 29, 1:45PM CST
The following commentary was originally posted on FoolFunds.com , the website of Motley Fool Asset Management, LLC. Picture it: a sunny, 70-degree day, the Vaca Mountains sloping up in front of you, the leaves on the trees starting to tint...
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) and Cohen & Steers Select Preferred and Income Fund (PSF) Declare Special Year-End Distributions
PR Newswire - Fri Dec 20, 8:01AM CST
The Boards of Directors of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) and Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) (the "Funds") have declared a special year-end distribution payable on January 15, 2014 to shareholders of record on December 30, 2013. The ex-dividend date is December 26, 2013. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Funds to meet their 2013 distribution requirements for federal excise tax purposes. Substantially all of the Funds' total distribution will be taxable to shareholders in 2013.
Fitch Rates Jefferies' Station Place 2013-2 Notes 'BBB-'
Business Wire - Tue Dec 17, 9:37AM CST
Fitch Ratings has assigned a rating of 'BBB-' to $100 million of senior secured notes (the notes) issued by Station Place Securitization Trust, Series 2013-2 (the trust) maturing in March 2015.
Fitch: Jefferies' Reports Strong 4Q'13 Results on Improvement Across Segments
Business Wire - Tue Dec 17, 9:14AM CST
Jefferies Group LLC (Jefferies) today reported solid quarterly results, which were up significantly from a challenging third quarter, according to Fitch Ratings. The improvement in performance was broad-based, with both the sales & trading and investment banking businesses seeing strong quarterly revenues. Fitch believes the stronger results this quarter help counterbalance a relatively weak third quarter of 2013 (3Q'13), and are considered to be credit neutral.
Jefferies Reports Record Fiscal Fourth-Quarter 2013 Financial Results
Business Wire - Tue Dec 17, 7:00AM CST
Jefferies Group LLC today announced financial results for its fiscal fourth quarter 2013.
Jefferies Group LLC Announces Appointment of Barry J. Alperin to Its Board of Directors
Business Wire - Tue Dec 03, 7:57AM CST
Jefferies Group LLC announced today that the Board of Directors of Jefferies has elected Barry J. Alperin to the Board of Directors.
Leucadia National Corporation Announces Nine Month 2013 Results
Business Wire - Thu Nov 07, 2:00PM CST
Leucadia National Corporation (NYSE:LUK) today announced its operating results for the nine month period ended September 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the nine month periods ended September 30, 2013 and 2012 was $360,686,000 ($1.06 per diluted common share) and $400,300,000 ($1.62 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries since its acquisition on March 1, 2013.
Jefferies Further Extends Equities Business with Alliance with Evans and Partners in Australia
Business Wire - Sun Nov 03, 5:30PM CST
Jefferies today announced that it is entering into an alliance to distribute Evans and Partners' equity research on companies in Australia on a co-branded basis to Jefferies' institutional clients around the world.
Fitch: Jefferies' 3Q'13 Results Impacted by Challenging Fixed Income Markets
Business Wire - Tue Sep 17, 2:30PM CDT
Jefferies Group LLC (Jefferies) today reported weak third quarter results that were below Fitch Ratings' expectations. Net revenues and income in the quarter were significantly impacted by the change in market expectations regarding Fed tapering which led to higher rates, widening spreads and investor redemptions in the fixed income markets, as well as a seasonal slow-down in trading volumes during the summer months. Equities trading and investment banking both had improved results, which failed to offset the decline in fixed income. Jefferies' ratings continue to incorporate the inherent cyclicality of the business, and are therefore not impacted by the weakness in the fixed income segment. However, sustained underperformance in profitability or inability to appropriately position inventory to reduce interest rate sensitivity could lead to negative rating pressure over a longer-term time horizon.
Jefferies Reports Fiscal Third-Quarter 2013 Financial Results
Business Wire - Tue Sep 17, 1:00PM CDT
Jefferies Group LLC today announced financial results for its fiscal third quarter 2013.
Jefferies to Host Fixed Income Investor Day October 10th
Business Wire - Thu Sep 05, 8:00AM CDT
As announced in April, Jefferies Group LLC will host a Fixed Income Investor Day on October 10, 2013.
Leucadia National Corporation Announces Six Month 2013 Results
Business Wire - Tue Aug 06, 7:58AM CDT
Leucadia National Corporation (NYSE: LUK) today announced its operating results for the six month period ended June 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2013 and 2012 was $357,715,000 ($1.10 per diluted common share) and $293,626,000 ($1.18 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries commencing with the quarter ending June 30, 2013.
RDInvesting Provides Investors with Free In-Depth Equity Reports on ANF, CMCSA, DOW and MOH
ACCESSWIRE - Mon Jul 08, 7:31AM CDT
Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and market updates.
Fitch: Jefferies Reports Weaker 2Q13 Results Due to Slowdown in Fixed Income Market Activity
Business Wire - Tue Jun 18, 11:19AM CDT
Jefferies Group LLC (Jefferies) today reported second quarter results that are significantly weaker than the prior quarter and below Fitch Ratings' expectations. The decline in net revenues was primarily driven by reduced activity in the fixed income markets. Jefferies' ratings incorporate the inherent cyclicality of the business, and are therefore not impacted by the quarterly slowdown in fixed income trading.
Jefferies Reports Fiscal Second Quarter 2013 Financial Results
Business Wire - Tue Jun 18, 8:15AM CDT
Jefferies Group LLC today announced financial results for its fiscal second quarter 2013.
Leucadia National Corporation Announces First Quarter 2013 Results
Business Wire - Thu May 09, 9:25AM CDT
Leucadia National Corporation (NYSE: LUK) today announced its operating results for the three month period ended March 31, 2013. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2013 and 2012 was $305,103,000 ($1.08 per diluted common share) and $490,877,000 ($1.97 per diluted common share), respectively. These results do not reflect the operations of Jefferies Group LLC and its subsidiaries, which was acquired in March 2013. Jefferies results of operations will initially be included in the Company's consolidated results of operations commencing with the quarter ending June 30, 2013.
Fitch Affirms Jefferies' Long- and Short-Term IDRs at 'BBB-/F3'; Outlook Stable
Business Wire - Thu Mar 06, 4:22PM CST
Fitch Ratings has affirmed Jefferies Group LLC's (Jefferies) long-term Issuer Default Rating (IDR) at 'BBB-' and its short-term IDR at 'F3'. The Rating Outlook remains Stable. See the full list of ratings at the end of this press release.
Jefferies Reports Preliminary Fiscal First-Quarter 2014 Financial Results
Business Wire - Tue Mar 04, 7:02AM CST
Jefferies Group LLC today announced preliminary financial results for its fiscal first quarter 2014. Jefferies will release additional details about its first quarter 2014 results on March 18, 2014. These preliminary quarterly results are being released in advance of Jefferies' normal earnings release schedule in light of the Leucadia and Jefferies conference call to be held later this morning on March 4, 2014 and, as such, the preliminary release of earnings is a one-time occurrence.
Sonoco ThermoSafe Launches Envoy® Frozen Series of Pre-Qualified Shippers
PR Newswire - Tue Mar 04, 4:30AM CST
Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and a leading global provider of temperature assurance packaging, has added frozen (less than minus 20 degrees Celsius) configurations to its popular Envoy Series of pre-qualified shippers. The Envoy Series is a proven solution for maintaining pharmaceuticals, biologics, vaccines and other high-value products within a specified temperature range during transport. With the addition of the frozen range, the Envoy Series now offers a complete suite of solutions for frozen, refrigerated and CRT shipping applications.
Leucadia National Corporation Announces 2013 Results
Business Wire - Fri Feb 28, 2:20PM CST
Leucadia National Corporation (NYSE:LUK) today announced its operating results for the year ended December 31, 2013. Net income attributable to Leucadia National Corporation common shareholders was $369.2 million ($1.06 per diluted common share) for 2013 compared to $854.5 million ($3.44 per diluted common share) for 2012. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries since its acquisition on March 1, 2013. In addition, during 2013, operating results include realized and unrealized gains of $410.3 million, excluding investments held by Jefferies, comprised of an unrealized gain on Jefferies shares prior to the acquisition and a realized gain related to the sale of Inmet Mining Corporation. During 2012, operating results include realized gains and income recognized of $1,179.8 million related to securities of Fortescue Metals Group Ltd.
Wandering Fools: Napa Valley
Tim Hanson, Motley Fool Asset Management - Motley Fool - Sun Dec 29, 1:45PM CST
The following commentary was originally posted on FoolFunds.com , the website of Motley Fool Asset Management, LLC. Picture it: a sunny, 70-degree day, the Vaca Mountains sloping up in front of you, the leaves on the trees starting to tint...
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) and Cohen & Steers Select Preferred and Income Fund (PSF) Declare Special Year-End Distributions
PR Newswire - Fri Dec 20, 8:01AM CST
The Boards of Directors of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) and Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE: PSF) (the "Funds") have declared a special year-end distribution payable on January 15, 2014 to shareholders of record on December 30, 2013. The ex-dividend date is December 26, 2013. In addition to the regular monthly dividend, this special year-end distribution is being paid to allow the Funds to meet their 2013 distribution requirements for federal excise tax purposes. Substantially all of the Funds' total distribution will be taxable to shareholders in 2013.
Fitch Rates Jefferies' Station Place 2013-2 Notes 'BBB-'
Business Wire - Tue Dec 17, 9:37AM CST
Fitch Ratings has assigned a rating of 'BBB-' to $100 million of senior secured notes (the notes) issued by Station Place Securitization Trust, Series 2013-2 (the trust) maturing in March 2015.
Fitch: Jefferies' Reports Strong 4Q'13 Results on Improvement Across Segments
Business Wire - Tue Dec 17, 9:14AM CST
Jefferies Group LLC (Jefferies) today reported solid quarterly results, which were up significantly from a challenging third quarter, according to Fitch Ratings. The improvement in performance was broad-based, with both the sales & trading and investment banking businesses seeing strong quarterly revenues. Fitch believes the stronger results this quarter help counterbalance a relatively weak third quarter of 2013 (3Q'13), and are considered to be credit neutral.
Jefferies Reports Record Fiscal Fourth-Quarter 2013 Financial Results
Business Wire - Tue Dec 17, 7:00AM CST
Jefferies Group LLC today announced financial results for its fiscal fourth quarter 2013.
Jefferies Group LLC Announces Appointment of Barry J. Alperin to Its Board of Directors
Business Wire - Tue Dec 03, 7:57AM CST
Jefferies Group LLC announced today that the Board of Directors of Jefferies has elected Barry J. Alperin to the Board of Directors.
Leucadia National Corporation Announces Nine Month 2013 Results
Business Wire - Thu Nov 07, 2:00PM CST
Leucadia National Corporation (NYSE:LUK) today announced its operating results for the nine month period ended September 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the nine month periods ended September 30, 2013 and 2012 was $360,686,000 ($1.06 per diluted common share) and $400,300,000 ($1.62 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries since its acquisition on March 1, 2013.
Jefferies Further Extends Equities Business with Alliance with Evans and Partners in Australia
Business Wire - Sun Nov 03, 5:30PM CST
Jefferies today announced that it is entering into an alliance to distribute Evans and Partners' equity research on companies in Australia on a co-branded basis to Jefferies' institutional clients around the world.
Fitch: Jefferies' 3Q'13 Results Impacted by Challenging Fixed Income Markets
Business Wire - Tue Sep 17, 2:30PM CDT
Jefferies Group LLC (Jefferies) today reported weak third quarter results that were below Fitch Ratings' expectations. Net revenues and income in the quarter were significantly impacted by the change in market expectations regarding Fed tapering which led to higher rates, widening spreads and investor redemptions in the fixed income markets, as well as a seasonal slow-down in trading volumes during the summer months. Equities trading and investment banking both had improved results, which failed to offset the decline in fixed income. Jefferies' ratings continue to incorporate the inherent cyclicality of the business, and are therefore not impacted by the weakness in the fixed income segment. However, sustained underperformance in profitability or inability to appropriately position inventory to reduce interest rate sensitivity could lead to negative rating pressure over a longer-term time horizon.
Jefferies Reports Fiscal Third-Quarter 2013 Financial Results
Business Wire - Tue Sep 17, 1:00PM CDT
Jefferies Group LLC today announced financial results for its fiscal third quarter 2013.
Jefferies to Host Fixed Income Investor Day October 10th
Business Wire - Thu Sep 05, 8:00AM CDT
As announced in April, Jefferies Group LLC will host a Fixed Income Investor Day on October 10, 2013.
Leucadia National Corporation Announces Six Month 2013 Results
Business Wire - Tue Aug 06, 7:58AM CDT
Leucadia National Corporation (NYSE: LUK) today announced its operating results for the six month period ended June 30, 2013. Net income attributable to Leucadia National Corporation common shareholders for the six month periods ended June 30, 2013 and 2012 was $357,715,000 ($1.10 per diluted common share) and $293,626,000 ($1.18 per diluted common share), respectively. These results reflect the inclusion of the operations of Jefferies Group LLC and its subsidiaries commencing with the quarter ending June 30, 2013.
RDInvesting Provides Investors with Free In-Depth Equity Reports on ANF, CMCSA, DOW and MOH
ACCESSWIRE - Mon Jul 08, 7:31AM CDT
Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and market updates.
Fitch: Jefferies Reports Weaker 2Q13 Results Due to Slowdown in Fixed Income Market Activity
Business Wire - Tue Jun 18, 11:19AM CDT
Jefferies Group LLC (Jefferies) today reported second quarter results that are significantly weaker than the prior quarter and below Fitch Ratings' expectations. The decline in net revenues was primarily driven by reduced activity in the fixed income markets. Jefferies' ratings incorporate the inherent cyclicality of the business, and are therefore not impacted by the quarterly slowdown in fixed income trading.
Jefferies Reports Fiscal Second Quarter 2013 Financial Results
Business Wire - Tue Jun 18, 8:15AM CDT
Jefferies Group LLC today announced financial results for its fiscal second quarter 2013.
Leucadia National Corporation Announces First Quarter 2013 Results
Business Wire - Thu May 09, 9:25AM CDT
Leucadia National Corporation (NYSE: LUK) today announced its operating results for the three month period ended March 31, 2013. Net income attributable to Leucadia National Corporation common shareholders for the three month periods ended March 31, 2013 and 2012 was $305,103,000 ($1.08 per diluted common share) and $490,877,000 ($1.97 per diluted common share), respectively. These results do not reflect the operations of Jefferies Group LLC and its subsidiaries, which was acquired in March 2013. Jefferies results of operations will initially be included in the Company's consolidated results of operations commencing with the quarter ending June 30, 2013.
