Wells Fargo & Company (WFC) 50.44 $WFC
Huttig Building Products, Inc. Amends and Extends Credit Facility -- Increases Capacity to $160 Million
Marketwire - 40 mins ago
Huttig Building Products, Inc. (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, increases borrowing capacity from $120 million to $160 million, reduces interest rate charges and extends the facility for five years from the execution date, to May 28, 2019. The amended facility may be increased to $200 million, through an uncommitted $40 million accordion feature, subject to certain conditions. General Electric Capital Corporation (GECC) and Wells Fargo Capital Finance, LLC (Wells Fargo) are co-lenders under the facility.
Business Highlights
By The Associated Press - AP - Wed May 28, 5:18PM CDT
___
Uptrend Call Working As Wells Fargo Stock Rises 19.6% (WFC)
Comtex SmarTrend(R) - Wed May 28, 5:04PM CDT
SmarTrend identified an Uptrend for Wells Fargo (NYSE:WFC) on October 16th, 2013 at $42.19. In approximately 7 months, Wells Fargo has returned 19.55% as of today's recent price of $50.44.
Final Glance: Banks companies
AP - Wed May 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top banks companies were mixed at the close of trading:
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Waiting game: Why small businesses won't hire
By JOYCE M. ROSENBERG - AP - Wed May 28, 4:39PM CDT
NEW YORK (AP) — Even as the economy extends its growth and small businesses slowly add jobs, most owners are still holding off on hiring.
Public Storage Announces Pricing of 6.00% Cumulative Preferred Shares of Beneficial Interest, Series Z
Business Wire - Wed May 28, 4:02PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.00% Cumulative Preferred Share of Beneficial Interest, Series Z. The offering is expected to result in $250 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about June 4, 2014. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities and for general corporate purposes.
Sears Canada Extends and Reduces Credit Facility
CNW Group - Wed May 28, 4:00PM CDT
Sears Canada Inc. (TSX: SCC) announced today that it has extended the term of its senior secured revolving credit facility to May 2019 and has reduced the total credit limit from $800 million to $300 million. Currently, the revolving facility is undrawn.
Midday Glance: Banks companies
AP - Wed May 28, 12:19PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
Must-See Charts: 5 Large-Cap Trades for All-Time Highs
at The Street - Wed May 28, 9:38AM CDT
Here's how to trade some of the biggest names on Wall Street.
Early Glance: Banks companies
AP - Wed May 28, 9:37AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:
SHAREHOLDER ALERT: Investigation on Behalf of Ocwen Financial Corporation Investors Announced by Law Offices of Howard G. Smith
Business Wire - Wed May 28, 9:32AM CDT
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Ocwen Financial Corporation ("Ocwen" or the "Company"
(NYSE:OCN). The investigation concerns possible violations of federal securities laws and focuses on the Company's business and operations.
The Zacks Analyst Blog Highlights: Tesla Motors, Wells Fargo, JPMorgan Chase, Bank of America and Citigroup
PR Newswire - Wed May 28, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Wells Fargo & Company (NYSE:WFC-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and Citigroup Inc. (NYSE:C-Free Report).
Strategic Hotels & Resorts, Inc. Announces Upsizing And Pricing Of Public Offering Of 36,000,000 Shares Of Common Stock
PR Newswire - Wed May 28, 8:15AM CDT
Strategic Hotels & Resorts, Inc. (the "Company" (NYSE: BEE) today announced that it priced an underwritten public offering of 36,000,000 shares of its common stock (the "Offering" at $10.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 5,400,000 additional shares of common stock to cover over-allotments, if any. The Company estimates that the net proceeds from the Offering, after underwriting discounts and commissions and estimated offering expenses, will be approximately $362.4 million or approximately $416.8 million if the underwriters' over-allotment option is exercised in full. J.P. Morgan, Deutsche Bank Securities, BofA Merrill Lynch, and Wells Fargo Securities are acting as joint book-running managers for the Offering. Raymond James is acting as lead manager, and BMO Capital Markets, Capital One Securities, Evercore, JMP Securities and MLV & Co. are acting as co-managers for the Offering.
Gray Announces Commencement of Senior Secured Debt Refinancing
PR Newswire - Wed May 28, 7:41AM CDT
Gray Television, Inc. ("Gray," "we," "us" or "our" (NYSE: GTN and GTN.A) today announced that it has commenced a senior secured debt refinancing, expected to consist of a $500 million term loan and a $50 million revolving credit facility. The proceeds from this new senior secured credit facility will be used primarily to complete pending acquisitions and refinance amounts outstanding under our existing senior secured credit facility.
Robert K. Steel Joins Perella Weinberg Partners as Chief Executive Officer
Business Wire - Wed May 28, 7:31AM CDT
Perella Weinberg Partners, a global, independent advisory and asset management firm, today announced that Robert K. Steel has joined the Firm and will become Chief Executive Officer, effective July 7, 2014. Joseph Perella will continue in an active role as Chairman, while co-founders Terry Meguid and Peter Weinberg will remain in their roles as Co-Head of Asset Management and Head of Advisory, respectively.
Protalix BioTherapeutics to Present at Two Upcoming Healthcare Conferences
GlobeNewswire - Wed May 28, 6:30AM CDT
Protalix BioTherapeutics, Inc. (NYSE MKTLX) (TASELX), today announced that senior management will present at the Jefferies 2014 Global Healthcare Conference and the Wells Fargo Securities Research & Economics 2014 Healthcare Conference. Details regarding the conferences are as follows:
Huttig Building Products, Inc. Amends and Extends Credit Facility -- Increases Capacity to $160 Million
Marketwire - 40 mins ago
Huttig Building Products, Inc. (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, increases borrowing capacity from $120 million to $160 million, reduces interest rate charges and extends the facility for five years from the execution date, to May 28, 2019. The amended facility may be increased to $200 million, through an uncommitted $40 million accordion feature, subject to certain conditions. General Electric Capital Corporation (GECC) and Wells Fargo Capital Finance, LLC (Wells Fargo) are co-lenders under the facility.
Business Highlights
By The Associated Press - AP - Wed May 28, 5:18PM CDT
___
Uptrend Call Working As Wells Fargo Stock Rises 19.6% (WFC)
Comtex SmarTrend(R) - Wed May 28, 5:04PM CDT
SmarTrend identified an Uptrend for Wells Fargo (NYSE:WFC) on October 16th, 2013 at $42.19. In approximately 7 months, Wells Fargo has returned 19.55% as of today's recent price of $50.44.
Final Glance: Banks companies
AP - Wed May 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top banks companies were mixed at the close of trading:
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Waiting game: Why small businesses won't hire
By JOYCE M. ROSENBERG - AP - Wed May 28, 4:39PM CDT
NEW YORK (AP) — Even as the economy extends its growth and small businesses slowly add jobs, most owners are still holding off on hiring.
Public Storage Announces Pricing of 6.00% Cumulative Preferred Shares of Beneficial Interest, Series Z
Business Wire - Wed May 28, 4:02PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.00% Cumulative Preferred Share of Beneficial Interest, Series Z. The offering is expected to result in $250 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about June 4, 2014. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities and for general corporate purposes. Sears Canada Extends and Reduces Credit Facility
CNW Group - Wed May 28, 4:00PM CDT
Sears Canada Inc. (TSX: SCC) announced today that it has extended the term of its senior secured revolving credit facility to May 2019 and has reduced the total credit limit from $800 million to $300 million. Currently, the revolving facility is undrawn.
Midday Glance: Banks companies
AP - Wed May 28, 12:19PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
Must-See Charts: 5 Large-Cap Trades for All-Time Highs
at The Street - Wed May 28, 9:38AM CDT
Here's how to trade some of the biggest names on Wall Street.
Early Glance: Banks companies
AP - Wed May 28, 9:37AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:
SHAREHOLDER ALERT: Investigation on Behalf of Ocwen Financial Corporation Investors Announced by Law Offices of Howard G. Smith
Business Wire - Wed May 28, 9:32AM CDT
Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Ocwen Financial Corporation ("Ocwen" or the "Company"
(NYSE:OCN). The investigation concerns possible violations of federal securities laws and focuses on the Company's business and operations. The Zacks Analyst Blog Highlights: Tesla Motors, Wells Fargo, JPMorgan Chase, Bank of America and Citigroup
PR Newswire - Wed May 28, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Wells Fargo & Company (NYSE:WFC-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and Citigroup Inc. (NYSE:C-Free Report).
Strategic Hotels & Resorts, Inc. Announces Upsizing And Pricing Of Public Offering Of 36,000,000 Shares Of Common Stock
PR Newswire - Wed May 28, 8:15AM CDT
Strategic Hotels & Resorts, Inc. (the "Company"
(NYSE: BEE) today announced that it priced an underwritten public offering of 36,000,000 shares of its common stock (the "Offering" at $10.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 5,400,000 additional shares of common stock to cover over-allotments, if any. The Company estimates that the net proceeds from the Offering, after underwriting discounts and commissions and estimated offering expenses, will be approximately $362.4 million or approximately $416.8 million if the underwriters' over-allotment option is exercised in full. J.P. Morgan, Deutsche Bank Securities, BofA Merrill Lynch, and Wells Fargo Securities are acting as joint book-running managers for the Offering. Raymond James is acting as lead manager, and BMO Capital Markets, Capital One Securities, Evercore, JMP Securities and MLV & Co. are acting as co-managers for the Offering. Gray Announces Commencement of Senior Secured Debt Refinancing
PR Newswire - Wed May 28, 7:41AM CDT
Gray Television, Inc. ("Gray," "we," "us" or "our"
(NYSE: GTN and GTN.A) today announced that it has commenced a senior secured debt refinancing, expected to consist of a $500 million term loan and a $50 million revolving credit facility. The proceeds from this new senior secured credit facility will be used primarily to complete pending acquisitions and refinance amounts outstanding under our existing senior secured credit facility. Robert K. Steel Joins Perella Weinberg Partners as Chief Executive Officer
Business Wire - Wed May 28, 7:31AM CDT
Perella Weinberg Partners, a global, independent advisory and asset management firm, today announced that Robert K. Steel has joined the Firm and will become Chief Executive Officer, effective July 7, 2014. Joseph Perella will continue in an active role as Chairman, while co-founders Terry Meguid and Peter Weinberg will remain in their roles as Co-Head of Asset Management and Head of Advisory, respectively.
Protalix BioTherapeutics to Present at Two Upcoming Healthcare Conferences
GlobeNewswire - Wed May 28, 6:30AM CDT
Protalix BioTherapeutics, Inc. (NYSE MKT
LX) (TASELX), today announced that senior management will present at the Jefferies 2014 Global Healthcare Conference and the Wells Fargo Securities Research & Economics 2014 Healthcare Conference. Details regarding the conferences are as follows: 
