Anixter International Inc. Announces the Pricing of a $400 Million, 7-Year Senior Notes Offering by Anixter Inc.
Business Wire - 2 hrs 31 mins ago
Anixter International Inc. (NYSE: AXE) today announced that through its wholly-owned subsidiary, Anixter Inc., it has priced an offering of $400 million of 5.125% senior notes due 2021 in an underwritten public offering. The offering is expected to close on September 23, 2014. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to repay amounts outstanding under Anixter's accounts receivable securitization program and to repay borrowings under Anixter's revolving line of credit. The offering is being made under Anixter Inc.'s shelf registration statement.
JPMorgan Chase Rises 1.67% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Thu Sep 18, 3:40PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $60.54 to a high of $61.40. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $60.59 on volume of 16.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Watch for JPMorgan Chase to Potentially Pullback After Gaining 1.67% Yesterday
Comtex SmarTrend(R) - Thu Sep 18, 3:40PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $60.54 to a high of $61.40. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $60.59 on volume of 16.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BNY Mellon Hits 52-week High: Right Time to Buy the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 10:30AM CDT
Despite the strong price appreciation, BNY Mellon has plenty of upside left, given the estimate revisions witnessed over the last 60 days.
Anixter International Inc. Announces $400 Million Senior Note Offering by Anixter Inc.
Business Wire - Thu Sep 18, 8:02AM CDT
Anixter International Inc. (NYSE: AXE) today announced that its wholly-owned operating subsidiary, Anixter Inc., will offer $400 million of senior notes due 2021 in an underwritten public offering. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to repay amounts outstanding under Anixter's accounts receivable securitization program and to repay borrowings under Anixter's revolving line of credit. The offering is being made under Anixter Inc.'s shelf registration statement.
Exclusive Chase Cardholder Lounge Returns to the American Adventure Pavilion for the 2014 Epcot(R) International Food & Wine Festival
Business Wire - Thu Sep 18, 8:01AM CDT
Chase today announced that as part of its multi-year agreement with Walt Disney Parks and Resorts, U.S., it continues as the presenting sponsor of the Epcot(R) International Food & Wine Festival. Guests attending this marquee culinary event can experience cuisine from around the world, taste specialty wines and spirits and enjoy daily live entertainment.
Visa to Undertake Assessment of Stake in Monitise
Business Wire - Thu Sep 18, 3:22AM CDT
Longstanding partners in the mobile sector Visa Inc. (NYSE:V) and Monitise plc entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities Plc to assist. Visa will also be lessening its dependence on external mobile development resources.
Holder calls for increased whistleblower rewards
By ERIC TUCKER - AP - Wed Sep 17, 4:32PM CDT
WASHINGTON (AP) — The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report crime.
Citi, BofA Plan Discount Mortgages for Tainted Borrowers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 3:40PM CDT
Citigroup (C) and Bank of America (BAC) will offer mortgage loans at a discounted rate to borrowers with blemished credit histories or low incomes, going by a Wall Street Journal report.
State Street's Revenue Growth Continues: Should You Own It? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 3:35PM CDT
On Sep 10, 2014, we issued an updated research report on State Street (STT).
13 Major Global Banks Sued by Virginia for $1.15B - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 2:46PM CDT
Issues pertaining to the pre-crisis business conducts continue to trouble major global banks. Units of Citigroup Inc. (C), Deutsche Bank AG (DB), Bank of America Corporation (BAC), The Goldman Sachs Group Inc. (GS), Credit Suisse AG (CS), HSBC Holdings plc (HSBC), Morgan Stanley (MS) and JPMorgan Chase & Co. (JPM) were among the 13 banks sued by the state of Virginia.
Citigroup Discloses 2014 Midyear Stress Test Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 2:44PM CDT
In compliance with regulations, Citigroup Inc. (C) and several other Wall Street banking giants have released 2014 Mid-Cycle Stress Test results, projecting their ability to cope with the most adverse economic scenarios.
Insight Property Group and J.P. Morgan Break Ground on Mixed-Use Apollo Project on DC's H Street NE
PRWeb - Wed Sep 17, 12:45PM CDT
Arlington, Virginia-based multifamily developer Insight Property Group and institutional investors advised by J.P. Morgan Asset Management announced today that construction has begun on the Apollo mixed-use apartment project in the heart of DC's dynamic H Street NE corridor. The Apollo will include luxury apartment units, an urban Whole Foods Market plus other exciting retail that will add to the vitality of the project and its neighborhood. This LEED-certified project will also feature state of the art amenities including a green roof with Capitol views. The Apollo project will be served by Metro, Amtrak at nearby Union Station, the City's new streetcar line and an on-site Capital Bikeshares facility.
Rate Hike Imminent? Stocks to Watch Ahead of FOMC Meeting - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 10:15AM CDT
The Fed may decide to telegraph its move well in advance to prepare the markets for the inevitable hike, whenever it happens
Is JPMorgan Chase One of the Best Companies in America?
Patrick Morris, The Motley Fool - Motley Fool - Wed Sep 17, 9:37AM CDT
In partnership with Glassdoor , our investment analysts are taking a closer look at some of the most popular companies in Glassdoor's career community. JPMorgan Chase is America's biggest bank with more than $2.5 trillion in assets on its...
Sky Deutschland Says 'Nein, Danke' to BSkyB's Buyout Bid
at The Street - Wed Sep 17, 8:55AM CDT
German pay-TV company deems the $3.2 billion offer to minority shareholders as too low; CEO Brian Sullivan and other board members won't tender shares.
Virginia sues banks for $1.15 bil
at Investor's Business Daily - Tue Sep 16, 5:53PM CDT
The state is suing 13 banks, including Citigroup (C), Morgan Stanley (MS), JPMorgan Chase (JPM) and Goldman Sachs (GS), claiming they "fraudulently misrepresented" residential mortgage-backed securities in sales to Virginia's retirement fund.
PennantPark Investment Corporation Prices Public Offering of $250 Million 4.50% Notes Due 2019
Marketwire - Tue Sep 16, 4:23PM CDT
PennantPark Investment Corporation (the "Company"
Is Wells Fargo One of the Best Companies in America?
Patrick Morris, The Motley Fool - Motley Fool - Tue Sep 16, 2:43PM CDT
In partnership with Glassdoor , our investment analysts are taking a closer look at some of the most popular companies in Glassdoor's career community. While it isn't the largest bank in the country based on the assets on its balance sheet --...
Skip the Alibaba IPO -- Buy These Bank Stocks Ahead of Earnings Instead
at The Street - Tue Sep 16, 12:39PM CDT
Everyone’s clamoring for the mother of all IPOs. But here's why bank stocks are a better bet.