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Archive for March, 2010

Primerica: Citigroup Spin-Off Set to Price IPO

March 31st, 2010
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SA Editor Mohit Manghnani submits:

Primerica (PRI), a Citigroup (C) subsidiary being spun-off, is expected to price its IPO this week.

Business Overview (from prospectus)

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Primerica: Citigroup Spin-Off Set to Price IPO

March 31st, 2010
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SA Editor Mohit Manghnani submits:

Primerica (PRI), a Citigroup (C) subsidiary being spun-off, is expected to price its IPO this week.

Business Overview (from prospectus)

Complete Story »
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financials

2 Community Bank Picks: Old National Bancorp, Metro Bancorp

March 31st, 2010
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Microcap Speculator submits:

As regular readers know, I strongly believe that community banks are in a sorting-out process and that the winners will be among the best investments over the next few years.

Yesterday on Realmoney.com, columnists Robert Moreno and Arne Alsin raised two interesting community bank picks. I was not familiar with either, but both are now on my watch list.

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Wall Street flat on data, but energy helps

March 31st, 2010
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NEW YORK (Reuters) – U.S. stocks kept close to the break-even point on Wednesday after weak reports on the labor market and regional manufacturing were offset by strength in the energy sector.



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Private sector sheds 23,000 jobs in March

March 31st, 2010
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NEW YORK (Reuters) – U.S. private employers unexpectedly shed jobs in March, dampening hopes about the strength of the recovery two days before the government employment report.



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Toyota hints at extension of sales incentives

March 31st, 2010
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NEW YORK (Reuters) – Toyota Motor Corp brand sales chief Bob Carter hinted on Wednesday that the automaker would extend sales incentives beyond April 5, but he did not offer specifics.



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Rite Aid forecast worse than expected; shares down

March 31st, 2010
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NEW YORK (Reuters) – Rite Aid Corp posted a worse-than-expected quarterly loss and forecast a wider fiscal year loss than Wall Street was anticipating, sending its shares down 7.1 percent.



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Anglo Irish Bank posts Ireland’s biggest ever loss

March 31st, 2010
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DUBLIN (Reuters) – Nationalized Anglo Irish Bank posted a 12.7 billion euro ($17 billion) loss on Wednesday, the largest in Irish corporate history, as it got a second government cash injection and may need more.



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Boeing to take charge for healthcare reform

March 31st, 2010
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CHICAGO (Reuters) – Boeing Co on Wednesday said it would take an income tax charge of about $150 million, or 20 cents per share, against first-quarter results due to recently enacted U.S. healthcare reform.



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SEC eyes new rules for asset-backed securities

March 31st, 2010
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NEW YORK (Reuters) – U.S. securities regulators will meet April 7 to consider new disclosures for asset-backed securities such as those linked to mortgages, the Securities and Exchange Commission said on its web site.



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