07/15/13 The Raw Financial Services Industry News Feed

Comprehensive Real-Time News Feed for Financial Services.

• CalPERS, CalSTRS post double-digit annual gains _{2013-07-15, 03:11 pm}
  The nation's two largest public pension funds are reporting double-digit returns from rising stock and real estate prices.
• Ethiopia will submit an offer to the World Trade Organization _{2013-07-15, 03:10 pm}
  Ethiopia's gross domestic product has grown an average of 9.1 percent over the past 10 years, ranking it as Africa's second-fastest growing economy, after Angola, and sixth globally, according to World Bank data.
• RBC, BofA Could Earn $95 Million on Shoppers Sale _{2013-07-15, 03:10 pm}
  Royal Bank of Canada and Bank of America Corp. may share as much as $95 million in fees for advising on Loblaw Cos.'
• Navistar Rises After Accord With Icahn, Rachesky: Mover _{2013-07-15, 03:10 pm}
  Navistar International Corp. rose the most in more than two months after agreeing to let shareholders Carl Icahn and Mark Rachesky nominate two directors each to the truckmaker's board.
• Citigroup's Toxic Asset Unit Costs Jump to $1.25 Billion _{2013-07-15, 03:09 pm}
  Citigroup Inc. , the third-biggest U.S. bank by assets, said first-half costs at a unit holding some of the lender's most toxic loans and securities multiplied by almost 10 times from a year ago on higher legal expenses.
• Trial of ex-Goldman Sachs trader opens in New York _{2013-07-15, 03:08 pm}
  Fabrice Tourre faces allegations from a 2010 lawsuit brought by the Securities and Exchange Commission against him and Goldman Sachs in what was called the most significant legal action related to the mortgage meltdown that helped pushed the country into recession.
• With Corbat at helm, Citi's profit, revenue rise _{2013-07-15, 03:08 pm}
  This Wednesday, Dec. 5, 2012 file photo, shows a Citi Bank sign in Chicago. Citigroup turned in a strong first quarter, but the sentiment from the bank was more cautious than celebratory.
• Resource Capital Corp. to Report Operating Results for Second Quarter 2013 _{2013-07-15, 03:08 pm}
  Resource Capital Corp. announced today that it will release its second quarter 2013 operating results on Tuesday, August 06, 2013, after market hours, and invites investors and other interested parties to listen to the live webcast of its conference call on Wednesday, August 07, 2013, at 08:30 a.m. Eastern Time.
• Bachmann Pays $55,000 in Legal Fees _{2013-07-15, 03:07 pm}
  Bachmann for President, the former presidential campaign committee of Rep. Michele Bachmann , R-Minn., reported it paid $55,000 for legal fees during the second quarter of 2013.
• Jurors picked in SEC fraud case against Goldman's Fabrice Tourre _{2013-07-15, 03:07 pm}
  The trial of former Goldman Sachs Group Inc bond trader Fabrice Tourre began with the selection of five women and four men as jurors on Monday, in a case centering on alleged Wall Street wrongdoing during the financial crisis.
• Why China's GDP, Citigroup Inc (C) Earnings And Retail Sales Paint A... _{2013-07-15, 03:07 pm}
  Wall Street edged up in mid-day trading on Monday as data painted a mixed picture of the U.S. economy after retail sales rose less than expected, while growth in New York State's manufacturing sector accelerated in July.
• Bank of America Corp Q2 Earnings Preview: Small Gains Predicted In... _{2013-07-15, 03:07 pm}
  ... (2.6 percent in 2012), it is still quite high when compared to the industry average," said Business & Financial Services Research Analyst Sheetal Kothari's. Kothari also believes that the current ineterst rate environment could dent the bank's ...
• Ex-Rep. Margolies Last in Fundraising Race #PA13 _{2013-07-15, 01:00 pm}
  State Sen. Daylin Leach raised more than $350,000 in the second quarter for the open-seat primary in the 13th District, putting him ahead of a crowded, four-candidate field of Democrats in the fundraising race.
• Tapering Bets Could Backfire For Stock Bears _{2013-07-15, 03:06 pm}
  In 1977, Congress amended The Federal Reserve Act, stating the monetary policy objectives of the Federal Reserve are "to promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates".
• Exploding The Natural Gas Supply Myth: An Interview With Bill Powers _{2013-07-15, 03:06 pm}
  The belief that America has a 100-year supply of natural gas has been repeated so frequently that it is often accepted as fact.
• Goldman's "Fabulous Fab" Goes On Trial In New York For Misleading Clients _{2013-07-15, 03:06 pm}
  "Fabulous Fab" is headed to court on Monday, but he has a better chance of winning than his former clients did, according to charges from the Securities & Exchange Commission.
• CalPERS, CalSTRS post double-digit annual gains _{2013-07-15, 03:05 pm}
  The California Public Employees' Retirement System reported a 12.5 percent annual return Monday while the California State Teachers' Retirement System says it gained 13.8 percent for the year that ended June 30. Both had dismal performances last year.
• Is A Whistleblower Behind Investigation Of Contractor That Vetted Snowden? _{2013-07-15, 03:05 pm}
  The federal investigation of USIS - the government contractor that screened Edward Snowden for classified work with the National SecurityAgency - is not short on irony.
• Vivus Management Moves Signal Desperation _{2013-07-15, 03:05 pm}
  Vivus Pharmaceuticals is in the middle of a heated proxy fight for control of the company's board.
• Southerners sign up to dance their socks off _{2013-07-15, 03:05 pm}
  Southland's young dance enthusiasts are pulling their socks up, ready for a week of intense training by some of Australasia's top dance experts.

07/05/13 Comprehensive Real-Time News Feed for Financial Services

• Families of parasailing accident victims speak _{2013-07-05, 01:30 pm}
  The families of the two 17-year-old girls from Indiana spoke publicly for the first time Thursday about Monday's tragic parasailing crash.
• Lamphier: Passing the philanthropic torch in Edmonton _{2013-07-05, 09:16 pm}
  The former CEO of Lockerbie & Hole, a highly successful century-old family firm that was sold to Toronto-based construction giant Aecon Group in 2009, was as renowned for his philanthropy as he was for his corporate smarts.
• Your Work vs. Your Weight _{2013-07-05, 08:56 pm}
  Employers may think they're encouraging healthful habits by charging overweight workers more for insurance.
• Think Your Money is Safe in an Insured Bank Account? _{2013-07-05, 08:53 pm}
  When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme would be the template for future European bank bailouts, the statement caused so much furor that he had to retract it.
• Anthony Hilton: Car sales kickstarted by compensation payments _{2013-07-05, 08:42 pm}
  The motor industry said on Thursday that it had sold well over 1 million new cars in the first half of the year, and that overall sales are up on last year by more than 10%.
• Market Report: Miners in a hole after dollar soars _{2013-07-05, 08:41 pm}
  Laura Chesters is digital, consumer and luxury goods reporter at The London Evening Standard, i, The Independent and The Independent on Sunday.
• SoftBank Plan for U.S. Wireless Foothold Advances on FCC Action _{2013-07-05, 08:33 pm}
  SoftBank Corp. will compete to provide Americans with broadband and wireless telecommunications service following approval by the Federal Communications Commission of its bid to buy Sprint Nextel Corp. The FCC announced yesterday that the $21.6 billion deal is in the public's interest, giving SoftBank chairman and Japanese billionaire Masayoshi Son ... (more)
• New Zealand Begins Student World Cup with a Record Win _{2013-07-05, 08:33 pm}
  To the delight of rugby league statisticians and historians, the New Zealand Universities and Tertiary Students team got off to a superb start with a Student World Cup record 124-0 score over Russia, at Provident Stadium, in Bradford, England this morning .
• Protect America Inc. Gives its Website a Face Lift _{2013-07-05, 08:26 pm}
  A favorite among home owners for providing high quality home security system and home automation at competitive prices, Protect America has re-launched their website with a brand new design on July 4th.
• FCC Approves Softbank's $21.6B Acquisition of Sprint _{2013-07-05, 08:24 pm}
  The U.S. Federal Communications Commission has approved the $21.6 billion acquisition of Sprint by Japanese telecommunications group Softbank, saying it promises to bring consumers faster and more advanced wireless broadband Internet service.
• Goldman Sachs to Microsofts Support for Gays Pressures States _{2013-07-05, 08:17 pm}
  Our eNewspaper network was founded in 2002 to provide stand-alone digital news sites tailored for the most searched-for locations for news.
• Feds bar new mining claims from 17 new solar energy zones on Western public lands _{2013-07-05, 08:17 pm}
  Our eNewspaper network was founded in 2002 to provide stand-alone digital news sites tailored for the most searched-for locations for news.
• US Softbank UPDATE1 _{2013-07-05, 08:17 pm}
  NEW YORK, July 6 -- _ The Federal Communications Commission announced its approval Friday of Softbank Corp.'s acquisition of the third-largest U.S. mobile carrier Sprint Nextel Corp. The FCC, which also cleared Sprint Nextel's move to increase its stake in wireless Internet provider Clearwire Corp. to 100 percent, said it had determined that ... (more)
• Unilever ups its Indian stake _{2013-07-05, 08:07 pm}
  Unilever has raised its stake in Indian subsidiary Hindustan Unilever but fallen short of the 75% threshold it had originally targeted.
• Markets calm after flurry _{2013-07-05, 08:06 pm}
  The FTSE 100 edged up, gaining 0.21% to 6434.92. This followed yesterday's 3.08% surge, the biggest single-day gain since November 2011, which was prompted by the signals from the Bank of England and the European Central Bank that interest rates will be held down for an extended period.
• U.S. ambassadorship to Canada goes unfilled for now _{2013-07-05, 08:05 pm}
  Three months ago, word leaked out that the next U.S. ambassador to Canada would be Bruce Heyman, a wealthy, Goldman Sachs money manager and Obama fundraiser from Chicago.
• Mark Carney treated like a king _{2013-07-05, 08:04 pm}
  Indeed, one would be hard pressed to recall another time when a central banker, handsome devil though he may be, was compared to a movie star.
• Dollar Gains On Upbeat Jobs Report _{2013-07-05, 08:00 pm}
  The dollar strengthened Friday after a stronger-than-expected jobs report bolstered expectations the U.S. will continue to grow faster than other major economies.
• Stocks end with strong gains after jobs report _{2013-07-05, 07:59 pm}
  Stocks ended with a surge Friday after traders decided that a healthy job market mattered more than the Federal Reserve scaling back its economic stimulus.
• How Cash Secretly Rules Surveillance Policy _{2013-07-05, 07:58 pm}
  When corporations spend big money on campaign contributions, they aren't just buying votes for specific contracts.

Silicon Valley's chip industry suffered downturn in 2012

While most of the Bay Area's biggest tech companies shook off the recession and staged a rebound, the semiconductor industry waged a bloody battle for every dollar of declining profits and sales as consumers shifted from personal computers to mobile gadgets.

http://www.contracostatimes.com/breaking-news/ci_23064502/silicon-valleys-chip-industry-suffered-downturn-2012?source=rss

Margareta Pagano: Wolfson's gesture marks dawn of a new era

The Next boss's bonus give-away is one of several efforts by businesses, reacting to public and shareholder pressure, to change their culture Margareta Pagano is a former business editor of the Independent on Sunday who now writes columns and business interviews for a range of publications, including the Independent, Independent on Sunday and ... (more)

http://www.independent.co.uk/news/business/comment/margareta-pagano/margareta-pagano-wolfsons-gesture-marks-dawn-of-a-new-era-8581267.html

Barclays reshuffle (plus A 2bn) will sooth investors

Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature.

http://www.independent.co.uk/news/business/news/barclays-reshuffle-plus-2bn-will-sooth-investors-8581262.html

Heineken, Cadillac Among Tribeca Film Festival Sponsors

A lot of brands are sponsoring -- and activating against -- the Tribeca Film Festival.

http://www.mediapost.com/publications/article/198506/heineken-cadillac-among-tribeca-film-festival-spo.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marketing-daily+%28MediaPost+%7C+Marketing+Daily%29

G20 urges EU to complete banking union fast, Germany digs in heels

World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward such a union be through a lengthy and risky process - a change of EU law.

http://www.courant.com/business/sns-rt-us-g20-eu-banksbre93i1b0-20130419,0,7023736.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Courant%2FBusiness%2FNationWorld+%28courant.com+-+National+BUSINESS+UPDATES%29

Bankers who presided over financial crash set to lose their knighthoods

Bankers who were in charge during the financial crash are set to be stripped of their knighthoods and other honours this year.

http://www.dailymail.co.uk/news/article-2311890/Bankers-presided-financial-crash-set-lose-knighthoods.html?ITO=1490&ns_mchannel=rss&ns_campaign=1490

Ladysmith under heavy fire from fraudsters

Con artists are targeting Ladysmith residents by offering them large sums of money in exchange for secret-shopper opportunities at big-box stores.

http://www.nanaimobulletin.com/news/203860191.html

AIG Wins Ruling on Court for Its Bank of America Lawsuit

A federal appeals court in Manhattan today ruled that the Edge Act, a 1919 law that regulates international banking, doesn't give the federal court jurisdiction over AIG's suit.

http://www.bloomberg.com/news/2013-04-19/aig-suit-against-bank-of-america-to-go-to-state-court.html

Honolulu mayor rejects pay raise, but gets $58K for sitting on bank board

Honolulu Mayor Kirk Caldwell waves after delivering his State of the City address in this April 3 file photo.

http://www.bizjournals.com/pacific/blog/2013/04/honolulu-mayor-kirk-caldwell-rejects.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+vertical_10+%28Venture+Capital+Industry+News%29

Anheuser-Busch, Justice reach Mexican brewery agreement

The Justice Department and Anheuser-Busch InBev have agreed to conditions that will allow the beer giant to expand its stake in Mexico's Grupo Modelo, according to court documents and company statements issued Friday.

http://www.washingtonpost.com/business/economy/anheuser-busch-justice-reach-agreement-on-mexican-brewery/2013/04/19/aa5815bc-a93e-11e2-a8e2-5b98cb59187f_story.html

GE earnings rise 16 pct on sale of NBC, but weak industrial results drag stock down

General Electric Corp. earnings rose in the first quarter on rising profit from selling aircraft engines and transportation equipment and the sale of NBC.

http://www.kamloopsnews.ca/article/GB/20130419/CP07/304199961/-1/kamloops/ge-earnings-rise-16-pct-on-sale-of-nbc-but-weak-industrial-results&template=cpArt

Foreign workers a boon for employers, for Canada not so much

Canada's pool of unemployed labour is growing deeper - eroding the underpinning of the federal government's expanded temporary foreign worker program.

http://www.theglobeandmail.com/report-on-business/economy/jobs/foreign-workers-a-boon-for-employers-for-canada-not-so-much/article11433730/?cmpid=rss1&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheGlobeAndMail-Business+%28The+Globe+and+Mail+-+Business+News%29

Next phase in euro zone's woes: political upheaval

Is the euro crisis over? Depends on how you define "crisis." If you define it as an existential threat to the currency, it's pretty much over.

http://www.theglobeandmail.com/report-on-business/next-phase-in-euro-zones-woes-political-upheaval/article11427053/?cmpid=rss1&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheGlobeAndMail-Business+%28The+Globe+and+Mail+-+Business+News%29

Game On Dude owner Torre to attend Charles Town Classic

After missing his historic win in March's Santa Anita Handicap due to a prior commitment to manage Team USA in the World Baseball Classic, former New York Yankees and Los Angeles Dodgers manager and co-owner of Charles Town Classic favorite Game On Dude, Joe Torre will be in attendance at Hollywood Casino at Charles Town Races on tonight as the ... (more)

http://www.nvdaily.com/sports/2013/04/game-on-dude-owner-torre-to-attend-charles-town-cl.php

Ferrante Schepis' Flirting with the Uninterested Examines Status Quo of Insurance Industry

... very few are doing anything about. "'Flirting with the Uninterested' is literally what the insurance and financial services industry executives and distributors are doing on a regular basis," says Ferrante-Schepis, who has more than 20 years as an ...

http://books.broadwayworld.com/article/Ferrante-Schepis-FLIRTING-WITH-THE-UNINTERESTED-Examines-Status-Quo-of-Insurance-Industry-20130419

Global Electric Vehicle Service Equipment Market to Grow at a CAGR of...

Global Electric Vehicle Service Equipment Market to Grow at a CAGR of 35.27 Percent Over the Period 2012-2016 - Electric Vehicle Service Equipment Industry Share, Size New Market Research Report Added in MarketResearchReports.Biz Reports DatabaseStrategic Assessment of the Global Electric Vehicle Service Equipment Market 2012 - 2016.

http://www.prweb.com/releases/2013/marketresearchreports/prweb10651044.htm

Edison International Price Target Increased to $55.00 by Analysts at Wunderlich

Edison International traded up 1.61% on Friday, hitting $52.47. Edison International has a 1-year low of $42.13 and a 1-year high of $52.48. The stock's 50-day moving average is currently $50.72. The company's market cap is $17.095 billion.

http://www.americanbankingnews.com/2013/04/19/edison-international-price-target-increased-to-55-00-by-analysts-at-wunderlich-eix/

East West Bancorp PT Lowered to $27.00

The firm currently has a "buy" rating on the stock. East West Bancorp traded up 3.02% on Friday, hitting $23.355. East West Bancorp has a 1-year low of $19.68 and a 1-year high of $25.78. The stock's 50-day moving average is currently $25.13. The company has a market cap of $3.241 billion and a price-to-earnings ratio of 12.01. East West Bancorp ... (more)

http://www.americanbankingnews.com/2013/04/19/east-west-bancorp-pt-lowered-to-27-00-ewbc/

E Trade Financial Price Target Cut to $10.00 by Analysts at Nomura

... $0.55 earnings per share for the current fiscal year. E*TRADE Financial Corporation (NASDAQ: ETFC) is a financial services company, which provides online brokerage and related products and services primarily to individual retail investors under the ...

http://www.americanbankingnews.com/2013/04/19/e-trade-financial-price-target-cut-to-10-00-by-analysts-at-nomura-etfc/

Diamond Offshore Drilling Price Target Lowered to $74.00 at Jefferies Group

The firm currently has a "hold" rating on the stock. Diamond Offshore Drilling traded down 0.86% on Friday, hitting $65.34. Diamond Offshore Drilling has a 52-week low of $55.83 and a 52-week high of $76.85. The stock's 50-day moving average is currently $68.29. The company has a market cap of $9.084 billion and a price-to-earnings ratio of 12.72.

http://www.americanbankingnews.com/2013/04/19/diamond-offshore-drilling-price-target-lowered-to-74-00-at-jefferies-group-do/

Indian River County unemployment rate decreased compared to March of last year

... and financial activities (100 jobs each). Mekael Teshome, an economist with the Pittsburgh-based The PNC Financial Services Group, said of the job growth, "I don't think it's a statistical fluke. We have genuine job creation." The jobless rate in ...

http://www.tcpalm.com/news/2013/apr/19/indian-river-county-unemployment-rate-decreased/?partner=RSS

CVB Financial Corp Price Target Cut to $11.50 by Analysts at Sandler O'Neill

The firm currently has a "hold" rating on the stock. Separately, analysts at FIG Partners upgraded shares of CVB Financial Corp to an "outperform" rating in a research note to investors on Tuesday, March 5th.

http://www.americanbankingnews.com/2013/04/19/cvb-financial-corp-price-target-cut-to-11-50-by-analysts-at-sandler-oneill-cvbf/

City National Given New $56.00 Price Target at RBC Capital

The firm currently has a "sector perform" rating on the stock. Several other analysts have also recently commented on the stock.

http://www.americanbankingnews.com/2013/04/19/city-national-given-new-56-00-price-target-at-rbc-capital-cyn/

Marathon manhunt's springtime 'snow day' could cost city $1 billion, economists say

A pigeon flies along deserted State Street, as the Custom House hotel towers in the background in downtown Boston Friday, April 19, 2013.

http://www.eveningsun.com/ci_23065471/marathon-manhunts-springtime-snow-day-could-cost-city

Chris Wysopal, Veracode: U.S. Government worst at data security

... customers. We were testing all applications and compared by industry verticals. For instance, we'd expect financial services to be doing a good job because if they don't, real money gets lost. We discovered the worst sector was government. If you ...

http://www.zdnet.com/chris-wysopal-veracode-u-s-government-worst-at-data-security-7000014292/

BofA Loses Bid to Remove AIG Suit to U.S. Court Under Edge Act

The U.S. Court of Appeals for the Second Circuit has ruled that a little-known international banking law does not allow Bank of America to remove a lawsuit filed by American International Group over mortgage-backed securities from state to federal court, though it left open the possibility that BofA could remove the case on other grounds.

http://www.newyorklawjournal.com/PubArticleNY.jsp?id=1202596834805&BofA_Loses_Bid_to_Remove_AIG_Suit_to_US_Court_Under_Edge_Act

US stocks close lower on mediocre earnings

US stocks eked out a gain on Friday but it wasn't enough to keep the week from ending in the red.

http://www.news.com.au/business/breaking-news/us-stocks-close-lower-on-mediocre-earnings/story-e6frfkur-1226624904187?from=public_rss

Credit Suisse to Stop Relaying Dark-Pool Data, Tabb Says

Credit Suisse Group AG, operator of the largest U.S. dark pool, said it will no longer publicly disseminate monthly volume data for the private stock-trading venue, according to an executive at Tabb Group LLC.

http://washpost.bloomberg.com/Story?docId=1376-MLIN9N0D9L3501-54JINAO7K568HF2H7M66M63PM1

U.S. Stocks Rebound as Capital One, Google Advance on Earnings

U.S. stocks rose, with the Standard & Poor's 500 Index rebounding from a six-week low, as companies from Capital One Financial Corp.

http://washpost.bloomberg.com/Story?docId=1376-MLHV1F6TTDUX01-2VJNU9EEIQJ3NIRAIL040P0D3B

One Hancock CEO moving to New Orleans

"Because of our size in that market and significant future growth opportunities, the board of directors requested that I become primarily based out of the company's New Orleans office," Chaney said.

http://theadvocate.com/news/5758294-123/one-hancock-ceo-moving-to

Pinnacle Strategies Special Event in Stavanger Norway April 23...

Complex oil and gas projects will be focusing on margins and capacity limits during the next few years.

http://www.prweb.com/releases/prweb2013/4/prweb10646449.htm

G20 urges EU to complete banking union fast, Germany digs in heels

World financial leaders urged the European Union on Friday to quickly complete its banking union to help growth, but Germany stood firm that the next step toward such a union be through a lengthy and risky process - a change of EU law.

http://www.foxbusiness.com/news/2013/04/19/g20-urges-eu-to-complete-banking-union-fast-germany-digs-in-heels/

Argentine debt holdouts make final plea to U.S. court for payment

Bondholders fighting Argentina for full repayment on defaulted debt made their final plea late on Friday to a U.S. appeals court asking them to affirm prior rulings ordering a $1.33 billion payment, saying Buenos Aires continues to defy U.S. law.

http://www.reuters.com/article/2013/04/20/argentina-holdouts-idUSL2N0D62L020130420?feedType=RSS&feedName=marketsNews

China or America? No need to decide just yet

With all the fuss surrounding the GCSB it was easy to forget Prime Minister John Key returned to New Zealand after his recent trip to China.

http://www.nbr.co.nz/article/china-or-america-no-need-decide-just-yet-ns-138807

Northville Woman Writes Anti-Bullying Adventure Book

Lori Costew, of Northville, said her adventure book for tweens and early teens called "Sherpa's Adventure: Saving the Future" almost wrote itself.

http://northville.patch.com/articles/northville-woman-writes-anti-bullying-adventure-book

Commodities Join Global Stocks Falling in Week as Gold Drops 7%

China 's weakening economic expansion and slowing earnings growth in the U.S. sent copper into a bear market and gold to the biggest weekly drop in a year and a half, while global stocks fell the most in 10 months.

http://www.bloomberg.com/news/2013-04-20/commodities-join-global-stocks-falling-in-week-as-gold-drops-7-.html

Do Hedge Funds and Insiders Love Ligand Pharmaceuticals Inc. (LGND)?

If you'd ask most investors, hedge funds are seen as slow, old financial tools of yesteryear.

http://www.insidermonkey.com/blog/do-hedge-funds-and-insiders-love-ligand-pharmaceuticals-inc-lgnd-123218/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsiderMonkey+%28Insider+Monkey%29

Hedge Funds Are Buying Connecticut Water Service, Inc.

Connecticut Water Service, Inc. was in 6 hedge funds' portfolio at the end of December.

http://www.insidermonkey.com/blog/hedge-funds-are-buying-connecticut-water-service-inc-ctws-123223/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsiderMonkey+%28Insider+Monkey%29

Here is What Hedge Funds Think About Bank of Hawaii Corporation

Bank of Hawaii Corporation was in 6 hedge funds' portfolio at the end of December.

http://www.insidermonkey.com/blog/here-is-what-hedge-funds-think-about-bank-of-hawaii-corporation-boh-123230/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsiderMonkey+%28Insider+Monkey%29

Northwest Bancshares, Inc. (NWBI): Insiders Are Buying, Should You?

Northwest Bancshares, Inc. was in 6 hedge funds' portfolio at the end of the fourth quarter of 2012.

http://www.insidermonkey.com/blog/northwest-bancshares-inc-nwbi-insiders-are-buying-should-you-123231/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsiderMonkey+%28Insider+Monkey%29

Hedge Fund-Blacklist Urging Pension Funds to Stay Away: Icahn, Cohen, Tepper and Loeb All On It

This past week, the American Federation of Teachers, one of the U.S.'s largest teacher unions, issued a list detailing specific hedge funds it was urging pension funds to stay away from.

http://www.insidermonkey.com/blog/hedge-fund-blacklist-urging-pension-funds-to-stay-away-icahn-cohen-tepper-and-loeb-all-on-it-123188/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+InsiderMonkey+%28Insider+Monkey%29

Tweezer Food

Listen to Robert Emmerich introduce The Big Apple , a hit song from 1937. Music written by Bob and performed by Tommy Dorsey's Clambake Seven with Bob on piano.

http://www.barrypopik.com/index.php/new_york_city/entry/tweezer_food/

CalPERS Adopts Actuarial Policies That Will Increase Employer...

On Wednesday, the Board of Administration of the California Public Employees' Retirement System approved new actuarial policies that will have a significant impact on participating employers.

http://www.jdsupra.com/legalnews/calpers-adopts-actuarial-policies-that-w-92250/

Fitch strips UK of triple-A rating, austerity debate deepens

Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating.

http://www.buenosairesherald.com/article/129131/fitch-strips-uk-of-triplea-rating-austerity-debate-deepens

How Does It Feel to Visit Every Country in the World?

I left Norway and began a slow journey home via the Pacific. I'm writing these notes from a Cathay Pacific flight to Tokyo, where I'll transfer on to Los Angeles after staying one night.

http://www.psychologytoday.com/blog/the-art-non-conformity/201304/how-does-it-feel-visit-every-country-in-the-world

Hershey Federal Credit Union CEO Diana Roberts to retire

... president of operations and lending, will succeed her. Wagner has more than 35 years' experience in the financial services industry, having worked for several banks and another credit union before joining HFCU. He is a graduate of the University of ...

http://www.ldnews.com/business/ci_23064748/hershey-federal-credit-union-ceo-diana-roberts-retire

Russia slams U.S. deployments in Jordan

Defense Secretary Chuck Hagel and Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey listen to questions during a Senate Armed Services Committee hearing on Capitol Hill, April 16, 2013 in Washington, DC.

http://www.dailystar.com.lb/News/Middle-East/2013/Apr-20/214395-russia-slams-us-deployments-in-jordan.ashx

What Every CFO Should Know About Security Breaches

CEOs and CIOs have gotten religion about cybersecurity, but what about those who hold the purse strings? Experts say they need a hard lesson, too.

http://www.darkreading.com/management/what-every-cfo-should-know-about-securit/240153321

GE down most since 2011 as power unit saps industrial profit

Shares of General Electric fell the most since 2011 after a first-quarter slide in its Power & Water business pulled total industrial earnings down 11 percent.

http://m.ctpost.com/connpost/db_43460/contentdetail.htm?detailindex=1&contentguid=w9BQe8RA&pn=0

IberiaBank to take impairment charge in 1Q tied to FDIC deals

IberiaBank announced this week it will post a $32 million impairment charge for the first quarter associated with its covered loans from Federal Deposit Insurance Corp.-assisted acquisitions, which includes Birmingham's CapitalSouth Bank .

http://www.bizjournals.com/birmingham/blog/2013/04/iberiabank-to-take-impairment-charge.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_birmingham+%28Birmingham+Business+Journal%29

Capital One 1Q profit drops 25 pct; sales up Capital One Financial...

Financial Corp. said Thursday that its first-quarter net income tumbled 25 percent from the same period last year, when the lender booked a hefty gain from its acquisition of online bank ING Direct.

http://www.news.net/article/248361/Business/?

City may see higher pension costs

John Bartel, of Bartel Associates, told officials during a council study session Monday that the California Public Employees' Retirement System is planning on changing its discount rate to 7.25% from the current 7.5%, requiring public employees to drop more money into the pension system.

http://www.hbindependent.com/news/tn-hbi-0425-calpers-study-session-20130419,0,5526921.story?track=rss

Expert Committee Pressing for Pension Reform in Quebec

Back in the fall of 2011, an expert committee chaired by Alban D'Amours was mandated by the Quebec government to analyze the state of the Quebec retirement income system and to make recommendations on how to improve it in light of the new economic and demographic realities.

http://www.jdsupra.com/legalnews/expert-committee-pressing-for-pension-re-92527/

Gold rises as jewelry sales surge, investor demand rebounds

Gold futures climbed and the spot price headed for the longest rally in four weeks Thursday on signs that demand is rebounding among consumers and investors.

http://www.charlotte-sun.com/sunnews/portcharlotte/5123627-455/sunnewspapersgoldrisesasjewelrysalessurgeinvestordemand.html.csp

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http://www.msnewsnow.com/story/22019583/seaworld-entertainment-inc-prices-initial-public-offering

Community Bank Shares of Indiana, Inc. Reports 1st Quarter Net Income ...

Community Bank Shares of Indiana, Inc. reported first quarter net income available to common shareholders of $1.7 million, a 4.8% increase over the same quarter in 2012.

http://www.businesswire.com/news/topix/20130418006801/en

Intermolecular enters IP licensing deal with Micron

The collaboration will involve development activities at Intermolecular's R&D centre in San Jose and will leverage Intermolecular's High Productivity Combinatorial innovation platform.

http://www.eetasia.com/ART_8800684079_480100_NT_05a3e323.HTM

APPLAUSE: Free family skate pretty cool

The Nanaimo Lions Club would like to thank all those who made our inaugural Free Family Skate on Sundays at the Nanaimo Ice Centre such a success.

http://www.nanaimobulletin.com/community/203209151.html

Don't blame worker pensions on government financial failures: Editorial

Perhaps the most telling number in a recently released national survey about retirement is the one that describes how many Americans believe their elected officials in Washington, D.C. simply don't understand how difficult it is to save for the golden years.

http://www.dailybreeze.com/opinions/ci_23056208/dont-blame-worker-pensions-government-financial-failures-editorial

RPT-China bond executives arrested in probe into alleged skimming

Three Chinese financial industry executives have been arrested for allegedly using complex bond trading practices to skim client profits for personal gain, state media reported this week.

http://www.reuters.com/article/2013/04/18/china-bond-arrests-idUSL3N0D55TF20130418?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Intelsat shares flat as satellite company IPO prices below range

Intelsat S.A. shares remained flat in their New York Stock Exchange debut on Thursday after the satellite operator priced fewer shares than expected, and at a level that was below the proposed range.

http://www.reuters.com/article/2013/04/18/intelsat-ipo-idUSL2N0D517Z20130418?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

High land premiums set to affect profits

Deloitte Touche Tohmatsu predicts that Chinese property companies' profits will drop further this year, dragged down by the financial pressure from high land premiums paid in earlier years.

http://english.people.com.cn/90778/8213804.html

George Soros Is Not Dead

Just in case you've heard that "enigmatic financier, liberal philanthropist" George Soros has shuffled off this mortal coil, let's be clear.

http://www.huffingtonpost.com/2013/04/18/george-soros-obit_n_3112802.html?utm_hp_ref=politics&ir=Politics&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+HP%2FPolitics+%28Politics+on+The+Huffington+Post%29

ICBC Leasing inks deal with Hungarian airline

ICBC Financial Leasing Co Ltd and Wizz Air Group announced on Thursday that they had entered into a pre-delivery payment financing, sale and leaseback agreement for eight new Airbus A320 aircraft, marking the start of cooperation between China and Hungary in the aircraft leasing sector.

http://english.people.com.cn/90778/8213665.html

The Brains of Barbarians

The deflationists continue to run rampant with glee as stocks, gold, and commodities in general get hammered.

http://au.ibtimes.com/articles/458974/20130419/brains-barbarians.htm

Record bookings in Wellington hotels for first AFL match, reports Wotif.com

Wotif.com Wellington Hotels are filling up fast as St Kilda Saints and Sydney Swans fans will emerge on NZ turf for the first AFL match ever played outside Australia, according to leading online travel website Wotif.co.nz. Wotif Product Director Donna Rodios said that Wotif.co.nz bookings for the event on 25 April have hit a record amount.

http://wellington.scoop.co.nz/?p=54666

Gap between CEO and worker pay grows even larger

How large is the pay gap between America's CEOs and the rest of us? Try this: The "median" CEO earns the equivalent of your yearly pay, every day.

http://www.workdayminnesota.org/index.php?news_6_5502

Capital One 1Q profit increases

Despite this profit surge, the company's earnings were significantly lower than the $1.4 billion, or $2.72 per share, profit reported for the same period last year.

http://www.housingwire.com/fastnews/2013/04/18/capital-one-1q-profit-increases?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

NYSE floor file 3

The Dow Jones industrial average dropped 0.6%, the S&P 500 slipped 0.7% and the Nasdaq stumbled 1.2%. Morgan Stanley reported better-than-expected results, with strong gains in its burgeoning wealth management division.

http://www.kcra.com/news/money/Stocks-weighed-down-by-tech/-/11797182/19799052/-/c1dg96z/-/index.html

Celanese Rating Reiterated by Deutsche Bank

's stock had its "buy" rating reaffirmed by Deutsche Bank in a research note issued on Thursday, Analyst Ratings Network.com reports.

http://www.americanbankingnews.com/2013/04/18/celanese-rating-reiterated-by-deutsche-bank-ce/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

Cypress Sharpridge Investments Given New $13.00 Price Target at Deutsche Bank

The firm currently has a "buy" rating on the stock. Cypress Sharpridge Investments traded up 2.36% on Thursday, hitting $12.16. Cypress Sharpridge Investments has a 52-week low of $11.45 and a 52-week high of $15.03. The stock's 50-day moving average is currently $11.92. The company has a market cap of $2.127 billion and a price-to-earnings ratio ... (more)

http://www.americanbankingnews.com/2013/04/18/cypress-sharpridge-investments-given-new-13-00-price-target-at-deutsche-bank-cys/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

China's largest bank to finance Kitimat refinery

Douglas Channel, the proposed termination point for an oil pipeline in the Enbridge Northern Gateway project, is pictured in an aerial view in Kitimat, B.C., on Jan.

http://www.cbc.ca/news/business/story/2013/04/18/bc-kitimat-chinese-bank.html?cmp=rss

DIARY-IMF, World Bank 2013 spring meetings in Washington

Finance ministers and central bankers from around the globe are gathering in Washington this week for the semiannual meetings of the International Monetary Fund and World Bank.

http://www.reuters.com/article/2013/04/19/imf-diary-idUSL2N0D21FR20130419?feedType=RSS&feedName=usDollarRpt

Bank of America PT Raised to $13.00

The firm currently has an "equal weight" rating on the stock. BAC has been the subject of a number of other recent research reports.

http://www.americanbankingnews.com/2013/04/18/bank-of-america-pt-raised-to-13-00-bac/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

ConocoPhillips's "Hold" Rating Reaffirmed at Jefferies Group

's stock had its "hold" rating reaffirmed by research analysts at Jefferies Group in a report released on Thursday, Analyst Ratings Network reports.

http://www.americanbankingnews.com/2013/04/18/conocophillipss-hold-rating-reaffirmed-at-jefferies-group-cop-2/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+AmericanBankingNews+%28American+Banking+News%29

Best Buy names another new director to board

Best Buy Co. Inc. said Thursday that it has appointed a veteran technology executive to its board of directors, its third new member this week.

http://www.startribune.com/business/203704031.html

Capital One 1Q profit drops 25 pct; sales up

A Mississippi man accused of mailing letters with suspected ricin to national leaders believed he had uncovered a conspiracy to sell human body parts on the black market and claimed "various parties within the... A Mississippi man charged with sending ricin-laced letters to the president and other officials was described Thursday as a good father, ... (more)

http://www.abc27.com/story/22017436/capital-one-1q-profit-drops-25-pct-sales-up

First Financial see first quarter earnings increase

First Financial Bankshares on Thursday announced earnings of $18.58 million for the first quarter of 2013, up 4.62 percent compared to $17.76 million during the same quarter last year.

http://www.reporternews.com/news/2013/apr/18/first-financial-see-first-quarter-earnings/?partner=RSS

Mental Health: Isolated by an alternative reality

Last month Joe Segal, whose philanthropy is helping to make possible a new $82-million mental health and addiction treatment centre in Vancouver General Hospital, put an unerring finger on one of the most dreadful aspects of mental illness: loneliness.

http://www.vancouversun.com/health/Isolated+alternative+reality/8263512/story.html

KeyCorp first-quarter net income rises 3%

CLEVELAND: KeyCorp said Thursday that its first-quarter net income rose 3 percent, helped by higher income from loans and deposits.

http://www.ohio.com/business/keycorp-first-quarter-net-income-rises-3-1.390851

New York drubbed in chilly Colorado

Maret School point guard Marlon Beck signed a National Letter of Intent to play basketball for Binghamton University on Wednesday night at the Bowie Portland Sea Dogs starting pitcher Brandon Workman struck out nine in seven scoreless innings to improve to 3-0 as the B-Mets dropped the third game The Binghamton Mets and Portland Sea Dogs play the ... (more)

http://www.pressconnects.com/viewart/20130418/SPORTS/304180084/New-York-drubbed-chilly-Colorado

Most Asian Stocks Rise as Raw Material Companies Climb

Asian stocks swung between gains and losses after an unexpected drop in U.S. leading indicators added to concern a recovery in the world's biggest economy is stalling.

http://www.bloomberg.com/news/2013-04-19/most-asian-stocks-rise-as-raw-material-companies-climb.html

Long Retirements Fuel Pressure for Singapore Remodel

Singaporean Richard Mui joined the ranks of the world's longest-living retirees when his career ended in 2010.

http://www.bloomberg.com/news/2013-04-18/world-s-longest-retirements-fuel-pressure-for-singapore-remodel.html

As Las Vegas Evolves, Boutique Hotels Gain

In the last two decades, Las Vegas has become synonymous with colossal hotels where checking out can take longer than a leisurely lunch.

http://ehotelier.com/hospitality-news/item.php?id=P25398

Nela Park turns 100 years old, and General Electric talk optimistically about the future

General Electric's Nela Park turned 100 yesterday and, despite its age, it remains a vibrant contributor to the health of East Cleveland and the region.

http://www.cleveland.com/metro/index.ssf/2013/04/nela_park_turns_100_years_old.html

Capital One 1Q profit drops 25 pct; sales up

Capital One Financial Corp. said Thursday that its first-quarter net income tumbled 25 percent from the same period last year, when the lender booked a hefty gain from its acquisition of online bank ING Direct.

http://www.msnewsnow.com/story/22017436/capital-one-1q-profit-drops-25-pct-sales-up

The ADT Corporation Initiates Exchange Offer

Under the exchange offer, ADT is offering to exchange up to $700,000,000 aggregate principal amount of its outstanding $700,000,000 4.125% Notes due 2023 for a like principal amount of its new $700,000,000 4.125% Notes due 2023 .

http://eon.businesswire.com/news/eon/20130418006692/en/ADT-Corporation-Initiates-Exchange-Offer

The brother-sister heirs of Silicon Valley

His sister, Jesse Draper says she gets teased for being a "Valley Girl," but she's no ditzy, gum-chewing blonde.

http://upstart.bizjournals.com/money/loot/2013/04/18/adam-and-jesse-draper-vc-heirs.html?

Write-Offs: 04.18.13

Georgetown University, at the same conference, announced it would begin to offer a semester-long class on the discipline at its graduate business school ." [Reuters] $$$ In the middle of the Calvin Klein boutique on Madison Avenue on Wednesday evening, Lloyd Blankfein admitted that he'd never before been in the store.

http://dealbreaker.com/2013/04/write-offs-04-18-13/

KPMG Is Going To Look Into Whether Or Not It Needs To Do A Better Job ...

KPMG LLP said it plans to reassess its internal safeguards, the latest fallout from an insider-trading case that has led to the firing of a senior partner and the accounting firm's resignation as the auditor for two companies.

http://dealbreaker.com/2013/04/kpmg-is-going-to-look-into-whether-or-not-it-needs-to-do-a-better-job-stressing-company-policy-that-frowns-on-sharing-material-non-public-information-about-clients-with-ones-golf-buddies/

Law Offices of Howard G. Smith Announces Investigation On Behalf of...

The investigation focuses on allegations that certain statements issued by Magnum Hunter misrepresented the Company's financial condition, performance and prospects.

http://eon.businesswire.com/news/eon/20130418006750/en/Law-Offices-Howard-G.-Smith-Announces-Investigation

Acacia Research Reports First Quarter Financial Results

Revenues in the first quarter of 2013 were $76,861,000, as compared to $99,040,000 in the comparable prior year quarter.

http://it.tmcnet.com/news/2013/04/18/7073395.htm

Chinese bank signs on to refinery plan

THE company which wants to build a $25 billion oil refinery complex near Kitimat says it has lined up a Chinese bank to help with the financing.

http://www.terracestandard.com/news/203677101.html

Gold Traders Split on Outlook as Asian Jewelers Buy: Commodities

Gold traders are divided on whether bullion will extend declines after the biggest plunge in three decades generated buying from investors and jewelers.

http://www.bloomberg.com/news/2013-04-18/gold-traders-split-on-outlook-as-asian-jewelers-buy-commodities.html

U.S. Treasury official questions existence of big bank subsidy

A U.S. Treasury Department official on Thursday rebuffed recent arguments that giant banks enjoy cheaper borrowing because markets think the U.S. government would bail them out in a crisis.

http://www.reuters.com/article/2013/04/18/financial-regulation-miller-idUSL2N0D52UD20130418?feedType=RSS&feedName=governmentFilingsNews

IMF Letter of Intent details coming soon

Monique Grange, Assistant News Editor - Radio The Finance Minister says he will present the details of the Letter of Intent to parliament after the Board of the International Monetary Fund considers it.

http://go-jamaica.com/news/read_article.php?id=44194

Stock market slips on weak earnings

Disappointing earnings from a range of companies pushed the stock market lower on Thursday, giving major indexes their third loss this week.

http://napervillesun.suntimes.com/business/19565910-420/stock-market-slips-on-weak-earnings.html

George Soros Obit Notwithstanding, He's Not Dead

Just in case you've heard that "enigmatic financier, liberal philanthropist" George Soros has shuffled off this mortal coil, let's be clear.

http://www.huffingtonpost.com/2013/04/18/george-soros-obit_n_3112802.html

Cory Booker donated to Democratic senator who voted against gun bill

Newark Mayor Cory Booker, pictured here campaigning with Gubernatorial hopeful Sen.

http://www.nj.com/essex/index.ssf/2013/04/cory_booker_donated_to_democra.html

FirstMerit Bank, buyer of Flint's Citizens Bank, to get tax...

It's no surprise that FirstMerit Bank decided to keep its Akron, Ohio, headquarters following its acquisition of Flint's Citizens Bank .

http://www.mlive.com/business/mid-michigan/index.ssf/2013/04/firstmerit_bank_to_get_tax_cre.html

Capital One 1Q profit drops 25 pct; sales up

Capital One Financial Corp. said Thursday that its first-quarter net income tumbled 25 percent from the same period last year, when the lender booked a hefty gain from its acquisition of online bank ING Direct .

http://www.beaumontenterprise.com/business/article/Capital-One-1Q-profit-drops-25-pct-sales-up-4445935.php

SoftBank raises size of bond issue due to robust demand

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

http://www.theglobeandmail.com/try-it-now/try-it-now-rob-insight/?contentRedirect=true&articleId=11395969

Important Currency ETFs For The Rest of 2013

Even the Japanese yen will be skirted to some extend. There are plenty of other currencies that can be accessed via ETFs that could present opportunities to investors for the remainder of 2013 from both the long and short sides.

http://www.benzinga.com/trading-ideas/long-ideas/13/04/3509906/important-currency-etfs-for-the-rest-of-2013

Harrop: Another housing boom? N-o-o-o

Housing starts are now inching up. Mortgages are easier to obtain. Even the "piggyback loan" has returned.

http://onlineathens.com/opinion/2013-04-17/harrop-another-housing-boom-n-o-o-o

American Express' 1Q profit up as spending rises

American Express said Wednesday that its net income edged up 2 percent in the first quarter, as increased spending by cardholders helped boost revenue for the credit card issuer.

http://www.seattlepi.com/business/article/American-Express-1Q-profit-up-as-spending-rises-4442354.php

Omega joins shareholders talking up Dish bid for Sprint

Omega Advisors, one of the biggest shareholders in Sprint Nextel Corp, on Wednesday joined a growing group of investors who say they favor Dish Network Corp's $25.5 billion bid for the company over SoftBank Corp's offer.

http://www.reuters.com/article/2013/04/17/sprint-dish-omega-idUSL2N0D42PX20130417?feedType=RSS&feedName=telcommunicationsServicesSector

ISS recommends vote in favor of MetroPCS/T-Mobile USA deal

Proxy advisory firm ISS said on Wednesday that MetroPCS Communications Inc shareholders should vote in favor of the wireless service provider's merger with T-Mobile USA because the proposed terms of the deal were sweetened.

http://www.reuters.com/article/2013/04/17/metropcs-tmobileusa-iss-idUSL2N0CZ0V520130417?feedType=RSS&feedName=telcommunicationsServicesSector

Power Integrations to Announce First-Quarter Financial Results on May 2

The company will conduct a conference call that day beginning at 2:00 p.m. Pacific time.

http://eon.businesswire.com/news/eon/20130417006267/en/Power-Integrations-Announce-First-Quarter-Financial-Results-2

Sterling Financial Corporation of Spokane, Wash., Announces Date for...

Sterling plans to host a conference call for investors the next morning, Thursday, April 25, 2013, at 8 a.m. PDT to discuss the company's financial results.

http://eon.businesswire.com/news/eon/20130417006425/en/Sterling-Financial-Corporation-Spokane-Wash.-Announces-Date

Let's Sue Wall Street: SEC's Aguilar

In searching for a better way of policing Wall Street , SEC commissioner Luis Aguilar is onto something: Let investors sue their advisers the way they could sue their doctors for malpractice.

http://www.forbes.com/sites/johnwasik/2013/04/17/lets-sue-wall-street-secs-aguilar/?ss=personalfinance

Analyst Moves: CAT, FRC

Caterpillar had its estimates and price target reduced by Jefferies as the firm expectes miner capital plans to continue their decline.

http://www.marketnewsvideo.com/story/201304/analyst-moves-cat-frc-cat-jef-frc-cs-Downgrades2041713/

Daily Dividend Report: TRK, IBKR, HBANP, CASS, KBALB

Speedway Motorsports Incorporated maintained its quarterly dividend of 15 cents per share.

http://www.marketnewsvideo.com/story/201304/daily-dividend-report-trk-ibkr-hbanp-cass-kbalb-trk-ibkr-hbanp-cass-kbalb-Dividends2041713/

Kinder Morgan Energy Partners Increases Quarterly Distribution to $1.30 Per Unit

This represents an 8 percent increase over the first quarter 2012 cash distribution per unit of $1.20 and is up from $1.29 per unit for the fourth quarter of 2012.

http://eon.businesswire.com/news/eon/20130417006343/en/Kinder-Morgan-Energy-Partners-Increases-Quarterly-Distribution

American Express Reports First Quarter EPS of $1.15, up 7% from a...

Diluted earnings per share was $1.15, up 7 percent from $1.07 a year ago. "We are off to a strong start in 2013, thanks to our ability to grow revenue in a slow growth economy, control expenses and maintain a strong balance sheet" Consolidated total revenues net of interest expense were $7.9 billion, up 4 percent from $7.6 billion a year ago.

http://eon.businesswire.com/news/eon/20130417006497/en/American-Express-Reports-Quarter-EPS-1.15-7

The First Bancorp Releases First Quarter Operating Results

Net income was $2.9 million, down $57,000 or 2.0% from the first quarter of 2012, and earnings per common share on a fully diluted basis were $0.27, down $0.01 or 3.6% from the first quarter of 2012.

http://eon.businesswire.com/news/eon/20130417006496/en/Bancorp-Releases-Quarter-Operating-Results

CVB Financial Corp. Reports First Quarter Earnings for 2013

Allowance for credit losses represented 2.89% of total non-covered loans and leases.

http://eon.businesswire.com/news/eon/20130417006512/en/CVB-Financial-Corp.-Reports-Quarter-Earnings-2013

Barclays overweight on Qihoo

The British bank initiated coverage of Chinese Web search and security software company Qihoo 360 with an overweight rating and 38 price target.

http://news.investors.com/041713-652356-barclays-overweight-on-qihoo.htm

First Cash Financial

( FCFS ), a pawnshop operator, said Q1 EPS rose 16% to 68 cents, in line with views. Revenue rose 20% to $160.8 mil, above estimates for $157.38 mil. Merchandise sales climbed 31% and pawn loan fees rose 24%. Shares fell 1% to 52.30.

http://news.investors.com/041713-652352-first-cash-financial.htm

LRR Energy, L.P. Announces Increased Quarterly Cash Distribution and...

The distribution will be paid on May 15, 2013, to all unitholders of record as of the close of business on May 1, 2013.

http://eon.businesswire.com/news/eon/20130417006580/en/LRR-Energy-L.P.-Announces-Increased-Quarterly-Cash

First Data Enhances its Vision Payment Solution's Global Capabilities with VisionPLUSA Flex

Financial institutions, of all sizes, that need a more flexible payment processing solution with a lower total cost of ownership and fast time to market, will benefit from the Vision PLUS Flex solution.

http://eon.businesswire.com/news/eon/20130417005229/en/Data-Enhances-Vision-Payment-Solution%E2%80%99s-Global-Capabilities

U.S. economy growing at a moderate pace

The U.S. economy is growing at a "moderate" pace, as housing's rebound and the continued recovery in the auto sector offset weaknesses stemming from federal government budget cuts, the expiration of the payroll tax cut and winter weather, the Federal Reserve said Wednesday.

http://www.ydr.com/business/ci_23044844/u-s-economy-growing-at-moderate-pace

American Express revenue misses expectations

Credit card company American Express Co.'s quarterly revenue came in below analysts' expectations as card member spending growth remained muted.

http://www.theglobeandmail.com/report-on-business/international-business/us-business/american-express-revenue-misses-expectations/article11359972/?cmpid=rss1

First Data Enhances its Vision Payment Solutiona s Global Capabilities with VisionPLUS Flex

Financial institutions, of all sizes, that need a more flexible payment processing solution with a lower total cost of ownership and fast time to market, will benefit from the Vision PLUS Flex solution.

http://www.businesswire.com/news/home/20130417005226/en/Data-Enhances-Vision-Payment-Solution%E2%80%99s-Global-Capabilities

Western Gas Partners, LP and Western Gas Equity Partners, LP Announce ...

Western Gas Partners, LP announced today that the board of directors of its general partner has declared a cash distribution of $0.54 per unit for the first quarter of 2013, representing a 4-percent increase over the prior quarter and a 17-percent increase over the first quarter of 2012.

http://www.businesswire.com/news/topix/20130417006537/en