Treasury says loans held by the largest banks getting bailout support decline again in JulySeptember 15th, 2009 Treasury lending report sees another declineWASHINGTON — Lending by the largest banks that received government bailout support declined for the sixth consecutive month in July, the government said Tuesday. The Treasury Department said in its monthly report that average loan balances at the top 22 recipients of government bailout support dropped by 1 percent in July.
Prudential Mortgage closes $100M client loan for retail propertiesAugust 27th, 2009 Prudential Mortgage closes $100M loanNEWARK, N.J. — Prudential Mortgage Capital Co.
A breakdown of servicers taking part in Treasury's loan-modification plan to aid homeownersAugust 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.
Major companies tentatively scheduled to report earnings for week of 8/3/09July 30th, 2009 Earnings schedule for week of 8/3/09Major companies tentatively scheduled to report quarterly earnings next week:
Monday
THE WOODLANDS, Texas — Anadarko Petroleum Corp. releases second-quarter financial results.
AIG closes $697.5M sale of life insurance premium finance portfolio as part of restructuringJuly 28th, 2009 AIG sells life insurance premium finance businessNEW YORK — Insurer American International Group Inc. said on Tuesday that it closed the sale of its life insurance premium finance business for $679.5 million in cash.
Earnings schedule for week of 7/27/09July 23rd, 2009 Earnings schedule for week of 7/27/09Major companies tentatively scheduled to report quarterly earnings next week:
Monday
THOUSAND OAKS, Calif. — Amgen Inc.
Caterpillar, Merck, Lexmark, International Paper are among big market movers TuesdayJuly 22nd, 2009 Caterpillar, Merck, Lexmark are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Caterpillar Inc., up $2.81 at $39.46
Weak demand for products and the cost of layoffs hit the construction equipment maker's profit, but it raised its forecast for the year. Regions Financial Corp., down 62 cents at $3.42
The Birmingham, Ala., regional bank tripled its reserve for future loan losses and posted a loss as its income from lending money fell.
Chrysler Financial repays $1.5 billion in TARP loansJuly 14th, 2009 Chrysler Financial pays off $1.5B in TARP loansFARMINGTON HILLS, Mich. — Chrysler Financial, the former financing arm of automaker Chrysler LLC, said Tuesday that it has repaid in full its $1.5 billion in government loans.
American Airlines gets leeway on terms of $433 million loanJune 26th, 2009 American Airlines gets terms of $433mln loan easedFORT WORTH, Texas — American Airlines said Thursday it agreed with lenders to change the terms of a $433 million loan. American said the lenders would waive a fixed-charge covenant for the quarter ending June 30 and ease the requirement for other quarters in exchange for a higher interest rate.
S&P cuts ratings on 18 banks amid concern over further weakening in financial sectorJune 17th, 2009 Standard & Poor's cuts ratings on 18 banksNEW YORK — Credit ratings agency Standard & Poor's on Wednesday cut ratings on 18 banks amid concern about further weakening in the financial sector. S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight.
S&P cuts ratings on 22 banks amid concern over further weakening in financial sectorJune 17th, 2009 Standard & Poor's cuts ratings on 22 banksNEW YORK — Credit ratings agency Standard & Poor's on Wednesday cut ratings and revised outlooks on 22 banks amid concern about further weakening in the financial sector. S&P said the changes reflected its assessment that volatility will remain in the financial sector and the industry is expected to face tighter regulatory oversight.
Pinnacle Financial Partners reveals $21.6 million charge for loan to bank now in receivershipMay 4th, 2009 Pinnacle Financial Partners reveals 2Q chargeNASHVILLE, Tenn. — Pinnacle Financial Partners Inc.
Chrysler Financial to immediately stop dealer wholesale financingMay 2nd, 2009 Chrysler Financial to suspend dealer financingFARMINGTON, Mich. — Chrysler Financial says it's temporarily suspending financing for Chrysler dealers effective immediately.
Earnings schedule for week of 05/04/09April 30th, 2009 Earnings schedule for week of 05/04/09Major companies tentatively scheduled to report quarterly earnings next week:
Monday:
CINCINNATI — The E.W. Scripps Co. releases first-quarter financial results.
Sunderland sign Davenport on loanFebruary 2nd, 2009 LONDON - Sunderland added defender Calum Davenport to their squad on Monday. The West Ham United centre-back joins on loan until the end of the season, and will link up with two former team-mates in the Sunderland back four - George McCartney and Anton Ferdinand.
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