Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of $700,000,000 Of Senior Notes
PR Newswire - Wed Jul 09, 4:40PM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it has priced a public offering of $400,000,000 aggregate principal amount of 2.750% senior notes due 2020 and $300,000,000 aggregate principal amount of 4.500% senior notes due 2029. J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co., BBVA Securities Inc., Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC, RBS Securities Inc., and Scotia Capital (USA) Inc. are acting as joint book-running managers in connection with the public offering, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, and TD Securities (USA) LLC are acting as senior co-managers in connection with the public offering, and Cowen and Company, LLC, HSBC Securities (USA) Inc., JMP Securities LLC, PNC Capital Markets LLC, and Santander Investment Securities Inc. are acting as co-managers in connection with the public offering.
Fitch Upgrades 4 Classes of JPMCC 2004-CIBC9
Business Wire - Wed Jul 09, 4:19PM CDT
Fitch Ratings has upgraded four classes and affirmed nine classes of J.P. Morgan Chase Commercial Mortgage Securities Corp.'s commercial mortgage pass-through certificates 2004-CIBC9. A detailed list of rating actions follows at the end of this press release.
Citigroup, DOJ Said Near $7 Billion Mortgage Deal
at Investor's Business Daily - Wed Jul 09, 12:02PM CDT
A settlement worth an estimated $7 billion reportedly is in the works between Citigroup (C) and the Department of Justice to settle allegations the New York-based bank sold subpar mortgages in the years before the financial crisis. The deal, which...
Will the Fed Minutes Surprise The Dow?
Dan Caplinger, The Motley Fool - Motley Fool - Wed Jul 09, 11:30AM CDT
The Dow Jones Industrials saw some volatile moves early Wednesday, as investors initially celebrated the beginning of earnings season but then pulled back as they tried assess the condition of the broader market. The index was up 35 points as of...
Why State Street (STT) Stock Is Up This Afternoon
at The Street - Wed Jul 09, 11:20AM CDT
State Street Corp. (STT) agreed to pay $60 million to settle an investor lawsuit alleging it inflated revenue by overcharging clients of foreign-exchange services.
JPMorgan Aims at Prudent Cost Management - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:50AM CDT
At a time when the banking industry is struggling with slow top-line growth, banks are attempting to cut expenses in order to remain profitable. Wall Street biggies including JPMorgan (JPM) are among the front runners.
Citigroup to Pay $7B to Settle Mortgage Issues? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:10AM CDT
Citigroup Inc. (C) is in talks with the Department of Justice (DOJ) to pay more than $7 billion to resolve several litigations and probes related to its pre-crisis mortgage practices.
Wells Fargo to Face Los Angeles Discrimination Lawsuit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 10:00AM CDT
Following the failure of Wells Fargo & Company (WFC) in May to dismiss a lawsuit filed by Los Angeles City last year, the bank's appeal was rejected yet again by the U.S. District Judge - Otis Wright II
Why Container Store (TCS) Stock Is Plunging Today
at The Street - Wed Jul 09, 8:55AM CDT
Container Store (TCS) stock is falling as JPMorgan (JPM) is among firms that cut its price target after the retailer lowered its full-year earnings guidance.
Why Potash Corp. (POT) Stock Is Falling This Morning
at The Street - Wed Jul 09, 8:39AM CDT
Potash Corp. (POT) stock is down after JPMorgan (JPM) lowered its rating to 'neutral' from 'overweight.'
Why Deutsche Bank (DB) Stock Is Gaining Today
at The Street - Wed Jul 09, 8:17AM CDT
Deutsche Bank (DB) stock is higher after JPMorgan (JPM) raised its rating to 'overweight' from 'neutral.'
Alexandria Real Estate Equities, Inc. Announces Public Offering Of Senior Notes
PR Newswire - Wed Jul 09, 8:00AM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it is commencing an underwritten public offering, subject to market conditions, of senior notes. J.P. Morgan Securities LLC, Barclays Capital Inc., and Goldman, Sachs & Co. will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly, 100% owned subsidiary of the Company.
Bank of America Corp's Financial Crisis Woes Weren't as Bad as You Think
Patrick Morris, The Motley Fool - Motley Fool - Wed Jul 09, 7:59AM CDT
Source: Flickr / Mike Mozart. Over the past eight years, Bank of America wrote down a staggering $90 billion worth of its loans in its credit card unit. But that doesn't tell the whole story. In a recent column , fellow Fool John Maxfield,...
Why Alcoa (AA) Stock Is Rising This Morning
at The Street - Wed Jul 09, 7:45AM CDT
Alcoa (AA) stock is getting a boost after JPMorgan (JPM) and Stifel Nicolaus each raised their price target on the aluminum giant following its second quarter earnings.
Wells Fargo's Hot Earnings Expected To Cool Off In Q2
at Investor's Business Daily - Wed Jul 09, 7:02AM CDT
A weaker-than-expected spring house-selling season and tough regulatory environment are expected to result in a relatively flat second quarter for Wells Fargo (WFC) when it reports earnings on Friday. The San Francisco-based lender is seen reporting...
'Fast Money' Recap: Waiting for the Dust to Settle
at The Street - Wed Jul 09, 4:00AM CDT
The trading panel discussed the market's fall and how to hedge your positions.
After Yesterday's Decline of 1.61%, JPMorgan Chase Offers Investors Better Value
Comtex SmarTrend(R) - Tue Jul 08, 4:15PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $55.63 to a high of $56.47. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $56.40 on volume of 18.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Polyester Fibers, LLC Announces Management Buyout
PR Newswire - Tue Jul 08, 1:45PM CDT
Polyester Fibers LLC, a leading North American manufacturer of nonwoven polyester materials, today announced that it has completed a management-led buyout from its parent company, Empire Investment Holdings. The buyout was funded by Polyester Fibers' management team and financing was provided by JPMorgan Chase, a leading global financial services firm, and Salem Investment Partners, an investment firm focused on strategic investments in the Mid-Atlantic and Southeast regions of the United States.
The Internet Is Brutally Efficient and Totally Agnostic
at The Street - Tue Jul 08, 1:10PM CDT
Investors should remove their emotion when thinking of the Internet.