Builders’ fears hinder recovery Nov 20, 2009
It will take a while before residential construction begins to contribute meaningfully to growth, Jennifer Lee, an economist at BMO Capital Markets, wrote in a research note. While consumer prices edged up faster than expected in October, they remain lower than they were a year ago. (Atlanta Journal-Constitution -- Business)
Weak Job Market: Still a Drag on Consumer Companies Nov 20, 2009
5 billion in the capital markets during the summer of this year. Airlines: Cutting Fares and Flights to Fill Seats. (BusinessWeek)
Market Winners & Losers: King Pharmaceuticals, MBIA Nov 20, 2009
9% to its stock price after an upgrade by BMO Capital Markets. WFMI shares finished trading at $36. (Fox News)
Poniard plunges on failure of picoplatin study Nov 20, 2009
"This is clearly a disappointing and surprising outcome," said BMO Capital Markets analyst Jason Zhang. He said picoplatin appeared to work as well as it had in earlier studies, but other treatments worked better than expected. (Yahoo News -- Pharmaceutical Industry News)
Sub-Saharan Africa: Challenges for 2010, Remarks by Ms. Antoinette Sayeh, Director, African Department of the International Monetary Fund Nov 20, 2009
Measures to improve the business environment, develop well-regulated capital markets, increase labor productivity, and enhance efficiency in the public sector will be crucial. Let s not forget the stakes either. (IMF News)
Suzlon sells 35% in Belgian & Hansen Nov 20, 2009
In this, a shareholder sells a block of shares in an off-market deal or a transaction outside the capital markets, by contacting a bank which undertakes to buy the shares at an agreed price. This price is typically lower than the stock market price. (India Times)
SEBI examine investment avenues Nov 20, 2009
SEBI, he added, is also trying to usher in more reforms in the primary and secondary markets to make the capital markets more fair, transparent and inclusive. Read business stories in. (India Times)
Seven predictions for handset OEMs Nov 20, 2009
Daniel Amir, an analyst at Lazard Capital Markets, on Apple's iPhone: ''Our latest channel checks indicate that October iPhone shipments increased 80 percent-plus over September levels, reaching a historical high at 5. 4 million units. (EETimes)
Bank of Japan defies govt in upbeat outlook Nov 20, 2009
"I think the BOJ will increase purchases of long-term bo 00004000 nds while allowing measures targeted at corporate finance to expire in December," said Tomohiko Katsu, deputy general manager of capital markets at Shinsei Bank. "From the outside, it may seem like the BOJ is responding to government pressure, but I think people inside the BOJ understand the situation very well. Naoto Kan, minister in charge of the economy, said earlier today that the government thinks Japan is in deflation and... (Sydney Morning Herald -- Business)
JPMorgan to buy back $139M in securities Nov 20, 2009
The Colorado Division of Securities has reached ARS-related settlements this year with other companies, including RBC Capital Markets, Citigroup, Merrill Lynch, Wachovia and two units of Bank of America Corp. It filed suit against St. Louis-based broker-dealer Stifel, Nicolaus & Co. in October. rmcgaw@bizjournals. (Denver Business Journal, CO)
HDFC expects rates to firm up by 25-50 bps Nov 20, 2009
Speaking on the sidelines of a function marking the launch of the Real Estate Sensitive Index (Ressex), Ms Karnad said there was also concern over the rise in real estate prices which have gone up sharply in the wake of the recovery in capital markets. In her speech, Ms Karnad said: Even in todays affordable housing mantra days, the common man has to shell out more than an arm and a leg to buy his home. (India Times)
The old Allco gang band together Nov 20, 2009
Lewis was the executive director of capital markets at Allco and Windsor helped oversee Allco's ship leasing arm ... Our unique strength is dealing with complex debt, capital markets, structuring and property issues. (Sydney Morning Herald -- Business)
Rio's Cloud Peak IPO disappoints Nov 20, 2009
The IPOs underwriters, led by Credit Suisse, Morgan Stanley, and RBC Capital Markets, have the option to buy another 4. 59 million shares. (Sydney Morning Herald -- Business)
MFs up cash holdings in volatile market Nov 20, 2009
After breaching the 17,000 mark before Diwali, capital markets witnessed profit booking in the later half of October. This pushed indices into the red with sensex losing 7. (India Times)
BNP Hires Ex-Citigroup Executive Courtney Johnson for Emerging-Market Team Nov 20, 2009
The appointment follows BNPs hiring of Marcelo Delmar as head of debt capital markets for Latin America in October and Surya Bhattacharjee as vice-president of that team early this month. To contact the reporter on this story: Veronica Navarro Espinosa in New York at. (Bloomberg -- Latin America)
Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Nov 20, 2009
Such controls are critical to economic recovery because they can help ensure that large banks arent hurt by swings in the capital markets. Banks are still clamping down on credit to consumers and businesses, even though gross domestic product expanded at a 3. (Bloomberg -- US)
Emerging-Market Currency Measures Won't Reverse Gains, Brown Brothers Says Nov 20, 2009
Nov. 20 (Bloomberg) -- Emerging-market governments from to will fail in their efforts to stem currency rallies by limiting foreign investment, according to Brown Brothers Harriman & Co. and RBC Capital Markets. Controls can certainly slow the moves but not reverse the gains, , a senior currency strategist at Brown Brothers in New York, said in an interview. (Bloomberg -- Latin America)
Coleman Cable, Inc. to Participate in the 2009 FBR Capital Markets Fall Investor Conference Nov 20, 2009
Nov. 19, 2009 (GLOBE NEWSWIRE) -- Coleman Cable, Inc. (Nasdaq: - ) ("Coleman"), a leading manufacturer and innovator of electrical and electronic wire and cable products, announced that Gary Yetman, president and chief executive officer, and Richard Burger, chief financial officer, will present at the 2009 FBR Capital Markets Fall Investor Conference on Tuesday, December 1, 2009 in New York City. Related Quotes. (Primezone Releases)
Integra Bank Corporation Announces Appointment of Chief Financial Officer Nov 20, 2009
Factors that might cause such a difference include, but are not limited to: (1) the effects of the current recession in the markets in which we primarily do business; (2) changes in the interest rate environment that reduce our net interest margin; (3) unanticipated additional loan charge-offs and loan loss provisions; (4) our ability to maintain required capital levels and adequate sources of funding and liquidity; (5) additional declines in value of our investment securities portfolio,... (Primezone Releases)
Goldman Sachs Transfers Denis Coleman to Europe as Head of Credit Finance Nov 20, 2009
Nov. 20 (Bloomberg) -- , the co-head of s U.S. leveraged finance business, is being transferred to Europe to oversee bank loans, high-yield capital markets and restructuring. Coleman, who joined Goldman Sachs in 1996 and became a partner in 2008, will relocate Dec. 1 to London as head of European credit finance, according to a person familiar with the situation. (Bloomberg -- Europe)
Leader Energy Services Announces Third Quarter Results Nov 20, 2009
Oil prices have continued to strengthen, gas prices are anticipated to improve with the onset of the winter season and there are further indications that capital markets are moving towards more normal activity levels. Certain customers have been able to raise capital, some of which is expected to be spent on oilfield services. (CCNMatthews Press Releases)
Stock Picks: RIM, Wells Fargo Nov 19, 2009
BMO Capital Markets downgrades to market perform from outperform; cuts price target. BMO Capital Markets on Nov. 18 downgraded Research in Motion Ltd., saying the BlackBerry maker faces rising competition and a consumer shift toward cheaper phones. (BusinessWeek)
Stocks close lower on recovery worries Nov 19, 2009
Technology shares fell after BMO Capital Markets said Blackberry maker Research in Motion Ltd. faces increased competition as consumers opt for less expensive phones. Meanwhile, forecasts from software makers Autodesk Inc. and Salesforce. (MSNBC -- Business)
Salesforce hiring rises Nov 19, 2009
The bigger head count was reflected in third-quarter results, FBR Capital Markets David Hilal told clients in a note ... Lazard Capital Markets analyst Joel Fishbein, took a more upbeat view, maintaining a "Buy" rating and telling clients in a note that "Salesforce.com is executing very well in its core business" and "is well positioned for long-term growth.". (San Francisco Chronicle -- Business)
Mantra to commence trading on TSX today Nov 19, 2009
We anticipate that the TSX listing will further raise the profile and status of the Company within the global investment community (Canada Newswire)
Consumer Prices Edge Up in October Nov 19, 2009
"It will take a while before residential construction begins to contribute meaningfully to growth," Jennifer Lee, an economist at BMO Capital Markets, wrote in a research note. Related. (ABC News -- Business)
Brazil Bank Bond Sale Plan to Flop Unless Incentives Provided, Gavea Says Nov 19, 2009
The need for banks to issue bonds locally has grown after the collapse of Lehman Brothers Holding Inc. in September 2008 shut down international credit markets and made it difficult to access capital, said , vice-president of the Brazilian association of capital markets, known as Anbima. Anomaly. (Bloomberg -- Latin America)
S&P Says Argentine Defaulted Bond Focus Misguided as Fiscal Concerns Grow Nov 19, 2009
Congressional approval of the bill may lead the government to present investors with details of a settlement offer as soon as next week, said , an analyst at RBC Capital Markets in Toronto. Economy Minister said in a statement yesterday that congress was decisive in passing the bill and that the approval allows us to advance at a solid pace in the bond exchange re-opening. (Bloomberg -- Latin America)
Genzyme gives up on phosphate drug Nov 19, 2009
This product was supposed to replace the Renvela blockbuster franchise when it could face generics, said Michael Yee, an analyst at RBC Capital Markets in San Francisco, in a note to clients yesterday. Now this leaves a major potential revenue decline for this franchise. (Boston Globe)
Analyst sees clearing skies for AMR Nov 19, 2009
AMR Corp., the parent company of and regional affiliate , may benefit when the economy turns around due to its ties with higher yield, premium business travelers, an analyst with FTN Equity Capital Markets Corp. said Wednesday. Michael Derchin, a senior analyst with FTN Equity, estimated in his report that AMR s unit revenue could grow 8 percent in 2010. (Dallas Business Journal, TX)
Stocks slip on technology, housing numbers Nov 19, 2009
Technology shares fell after BMO Capital Markets said Blackberry maker faces increased competition as consumers opt for less expensive phones. Meanwhile, forecasts from software makers and fell short of analysts expectations. (USA Today -- Money)
Earnings Preview: Gap Inc. Nov 19, 2009
ANALYST TAKE: BMO Capital Markets analyst John Morris said increased markdowns at the company's Gap stores may drag down sales. "With a shaky deal-driven consumer already in place for (the) holiday, we are concerned that Gap's costly bet on advertising, and inventory may not be paying off fast enough," Morris told investors in a research note downgrading Gap to "Market Perform" from "Outperform.". (ABC News -- Wire)
Bon-Ton Secures $675M Credit Facility Nov 19, 2009
Bank of America Merrill Lynch, GE Capital Markets Inc. and Wells Fargo Securities LLC are joint lead arrangers. Bon-Ton also said it has closed on a $75 million second-lien term loan, which will mature on Nov. 18, 2013. (ABC News -- Wire)
Malaysia's Maxis Debuts at 9.2 Percent Above IPO Nov 19, 2009
Its relisting followed a request by Prime Minister Najib Razak, who is seeking to bolster Malaysia's capital markets. The debut was at the higher end of analysts' forecast of between 5 percent and 10 percent above the IPO price. (ABC News -- Wire)
US wants to fast-track GM IPO Nov 19, 2009
"I would anticipate that if the fresh start (accounting) is complete, if you put numbers on the board, if things are going well and the capital markets are open, that in some point in the fourth quarter the markets will be open enough to do a successful IPO," Bloom said. Chief Executive Fritz Henderson has said GM could launch an IPO as soon as the second half of 2010. (India Times)
Dollar doing the right thing Nov 19, 2009
Tuesday's Treasury International Capital (TIC) data, with the US attracting the most foreign funds to its capital markets, $40 billion, since last March, also gave no indication that the falling dollar was as of yet depopulating the debt markets. (For a discussion of the dynamics of TIC data, see , Asia Times Online, March 24, 2006. (Asia Times Online)
Banks capital ideas wont end with CoCos Nov 19, 2009
FT.com / Capital Markets - Banks capital ideas wont end with CoCos. . (FT.com -- Markets)
JPMorgan set to seal Cazenove deal Nov 19, 2009
So too will the heads of the three core areas: Alan Carruthers, head of equities; Ian Hannam, head of corporate finance; and Charles Harman, head of capital markets. 00004000 JPMorgan and Cazenove declined to comment. (India Times)
Poniard plunges on failure of picoplatin study Nov 19, 2009
"This is clearly a disappointing and surprising outcome," said BMO Capital Markets analyst Jason Zhang. He said picoplatin appeared to work as well as it had in earlier studies, but other treatments worked better than expected. (Yahoo News -- Pharmaceutical Industry News)
Governance code for unlisted cos Nov 19, 2009
The government is also talking to the capital markets regulator Sebi to work out ways to reduce compliance costs for meeting mandatory requirements for getting listed. Once unlisted companies, too, are brought into the ambit of a governance code similar to the one existing for listed companies, the incentive for staying unlisted would go away, the official said. (India Times)
Canada Stocks Rise as Toronto-Dominion Gains on Rate Outlook; Metro Climbs Nov 19, 2009
25 after it was cut to market perform from outperform by BMO Capital Markets, which also lowered its 12-month price estimate to C$67. 40 from C$105. (Bloomberg -- Canada)
Banks Need More Bankers on Boards, Canada's Bank Regulator Dickson Says Nov 19, 2009
To deepen board discussions it probably is a good idea to have some people on those boards who have a real thorough understanding of banking and the risks, Dickson said today in a speech at the Women in Capital Markets luncheon in Toronto. Its something all institutions should be paying attention to. (Bloomberg -- Canada)
Leading Economic Index in U.S. Probably Rose for Seventh Month in October Nov 19, 2009
8 BMO Capital Markets 495 --- 0 ... 5% --- RBC Capital Markets 503 --- --- 12. (Bloomberg -- US)
TSX Venture Exchange Daily Bulletins for November 18, 2009 Nov 19, 2009
23 per share until October 29, 2011 Insider / Pro Group Participation: Insider equals Y / Name Pro Group equals P Number of Shares James Blake P 400,000 Spiro Angelos P 300,000 Scot Robinson P 300,000 Jason Monaco P 100,000 Finder's Fee: PowerOne Capital Markets Limited ("PowerOne") and CIBC Wood Gundy ("CIBC") received a cash commission of $142,820 and $7,200, respectively ... EXPLORATION FIELDEX INC. ("FLX") TYPE DE BULLETIN : Placement prive sans l'entremise d'un courtier DATE DU BULLETIN :... (CCNMatthews Press Releases)
Stone 2009 Flow-Through Limited Partnership Closes $6.8 Million IPO Nov 19, 2009
The offering was made by a syndicate of agents led by National Bank Financial Inc. and included CIBC World Markets Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Manulife Securities Incorporated, Raymond James Ltd., Wellington West Capital Markets Inc., Blackmont Capital Inc., HSBC Securities (Canada) Inc., Burgeonvest Bick Securities Limited, GMP Securities L.P., M Partners Inc. and Research Capital Corporation. SAM has acted as the... (CCNMatthews Press Releases)
Commercial REITs: Investing in a Shaky Market Nov 18, 2009
The question of survival for most of the 99 publicly traded REITs that covers is largely off the table because these companies have proved that they can access the capital markets, says Paul Adornato, BMO's senior REIT analyst ... Just how distressed the market gets remains to be seen over the next year or two and will depend largely on the state of the economy and the capital markets, he adds. (BusinessWeek)
Tier1CRM announces cloud-based CRM solution for trading floors powered by Force.com Nov 18, 2009
TORONTO, Nov. 18 /CNW/ - Tier1CRM today announced that it is completing the migration of its powerful trading floor product suite 'Tier1ACE for Capital Markets(TM)', to the Force ... " With the completion of Tier1CRM's evolution of its entire application suite to the Force.com platform, it can take full advantage of Salesforce's market-leading SaaS technology such as robust security, massive scalability, simple integration and customer-managed flexibility at minimum cost. Soleil Securities has... (Canada Newswire)
PolyMedix completes $20M stock offering Nov 18, 2009
Merriman Curhan Ford (NASDAQ: MERR) acted as lead placement agent for the offering with and Noble Financial Capital Markets serving as co-placement agents. Most Read Stories. (Philadelphia Business Journal, PA)
PRS in the spotlight Nov 18, 2009
It is not our intention to abandon our plans due to turmoil beyond our control in the capital markets. The project is still about the creation of jobs, opportunities for young people and creating an economic engine for the Plymouth region, and we look forward to the day of our groundbreaking. (Allston Brighton TAB, MA)
China Faces Dangers of Asset Bubbles as Economy Expands, PBOC Adviser Says Nov 18, 2009
It is true that prices have been picking up in both the property market and the capital markets in China, Jiang, who heads the worlds most profitable bank, told reporters in Singapore Nov. 13. Because we are just moving out of the very deep global economic recession, the pick-up in prices cannot be defined as a bubble building as yet, he said. (Bloomberg -- Asia)
Sierra Geothermal Engages O&M Partners LLC Nov 18, 2009
These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks inherent in our industry, the challenging capital markets and other risks identified by us in our periodic filings on SEDAR (which can be viewed at ). Any of these risks could cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements... (CCNMatthews Press Releases)
SVB plans $300M stock sale Nov 18, 2009
J.P. Morgan Securities Inc. and BofA Merrill Lynch are serving as the joint-bookrunning managers of this offering and Keefe, Bruyette & Woods Inc., RBC Capital Markets Corp. and Sandler O'Neill & Partners L.P. are co-managers. SVB Financial Group is a financial holding company that serves companies in the technology, life science, venture capital/private equity and premium wine industries. (San Jose Business Journal, CA)
Leaders miss chance to stem global corruption Nov 18, 2009
"The sense of urgency that we had (a year ago) seems to have vanished, for the simple reason that the capital markets seem to have recovered," he said. "Our concern is that we are back to business as usual.". (Business Report, South Africa)
House Dems Sharpening "Too Big to Fail" Plan Nov 18, 2009
Financial regulation reform is making slow progress on Capitol Hill more than a year since a capital markets crisis that drove the world financial system to the edge of disaster. Wall Street lobbyists have resisted changes that threaten their profits, while Republicans have criticized the Democrats' proposal on "too big to fail" as enshrining bailouts in law. (ABC News -- Business)
Dollar Woes Are Good News for Europe's Markets Nov 18, 2009
It is hard to believe that in five years time, the dollar will enjoy the same pre-eminent role it has had in the global capital markets since the end of World War II.. In Europe, the dollars depreciation is often presented as a threat. (Bloomberg -- Columnists)
Have Indian mutual funds favoured corpo00004000rates over small investors? Nov 18, 2009
Thus, more individuals are participating in Indias capital markets through mutual funds than directly through purchase and sale of other securities. This growing family of individual investors is a testimony to the fact that the industry has been able to manage the savings of both large and small investors in a transparent and efficient manner thereby creating value for all. (India Times)
Check out experts' views on Cox & Kings IPO Nov 18, 2009
Of the total issue, the offer for the sale of shares by the existing stakeholders (including Lehman Brothers Opportunity, Deutsche Securities Mauritius and Merrill Lynch Capital Markets Espana, SA, SV) constitutes around 30 lakh shares. The remaining fresh issue of 1. (India Times)
Brazil Choice of Central Bank Director `Surprising' to Vieira da Cunha Nov 18, 2009
Mendes has held several positions overseeing capital markets at state-controlled Banco do Brasil, according to a central bank statement. His most recent post was president of a Banco do Brasil insurance unit. (Bloomberg -- Latin America)
Real estate group looks on bright side Nov 18, 2009
Forecasting in this environment is a fool's game, said Kenneth Rudy, head of U.S. capital markets for Jones Lang LaSalle ... Lynn LaChapelle, managing director of capital markets at Jones Lang LaSalle in San Diego, said the office market is laboring under a large shadow inventory of subleased properties and leased but vacant space. (San Diego Union-Tribune)
Australian, N.Z. Dollars Slide Second Day as U.S. Output Saps Risk Demand Nov 18, 2009
With the rates market already priced for over 100 basis points of hikes over the next four meetings and unprepared for the possibility of a pause in the near future, RBA meeting minutes were seen as less hawkish than expected, , a senior currency strategist at RBC Capital Markets in Sydney, wrote yesterday in a note to clients. Benchmark interest rates are 3. (Bloomberg -- Australia & New Zealand)
The U.S. Federal Reserve Chairman Ben S. Bernanke said Monday that the country's economy will continue its recovery next year, but warning more challenges ahead.• Bernanke: Federal Reserve seeks to ensure strong dollar Nov 17, 2009
"As the recovery takes hold, enhanced business confidence, together with the low cost of capital for firms with access to public capital markets, should lead to a pickup in business spending on equipment and software, which has already shown signs of stabilizing," said Bernanke. However, some important headwinds, in particular, constrained bank lending and a weak job market, "likely will prevent the expansion from being as robust as we would hope," he warned. (Xinhuanet, China)
Enterprise Oilfield Group, Inc. Announces Third Quarter Results Nov 17, 2009
The decrease in revenue is attributed to less than anticipated projects in the industry resulting from tight capital markets, decreased capital expenditures and lower oil and natural gas prices. The Company had negative EBITDAS of $183 thousand and a net loss of $1. (CCNMatthews Press Releases)
M'sia and others sign policy principles on bilateral air services pacts Nov 17, 2009
Bisignani said the policy principles addressed the main areas such as freedom to access capital markets, freedom to do business and freedom to price services. "While these policy principles are non-binding, they are an important statement of common government intention among the most active countries driving global aviation policy," he said. (The Star Online, Malaysia)
Seven predictions for handset OEMs Nov 17, 2009
Daniel Amir, an analyst at Lazard Capital Markets, on Apple's iPhone: ''Our latest channel checks indicate that October iPhone shipments increased 80 percent-plus over September levels, reaching a historical high at 5. 4 million units. (EETimes)
Low Rates: Steroids for the Rally? Nov 17, 2009
The carry trade is a risky strategy and risk-taking is often seen as a "symptom of healthy capital markets," says Bill Larkin, fixed income manager at. Page. (BusinessWeek)
