Mergers & Acquisitions

Caliber Funding to Introduce Correspondent Lending Channel at MBA Secondary Market Conference & Expo in New York

Caliber Funding to Introduce Correspondent Lending Channel at MBA Secondary Market Conference & Expo in New York PR Newswire DALLAS, May 6, 2013 DALLAS , May 6, 2013 /PRNewswire/ — Caliber Funding, LLC (“Caliber”), a leading national retail, wholesale and consumer direct mortgage lender, today announced that it will take part in the Mortgage Bankers Association’s Secondary Market Conference & Expo starting May 5, 2013 , to be held at the Marriott Marquis hotel in New York City . At the conference, Caliber will introduce its new correspondent lending channel, which will expand its production capacity and allow it to provide more competitive product offerings to customers. As previously announced, on January 17, 2013 , Caliber and Vericrest Financial entered into a merger agreement […]

Stock Analysts

SNN Sales Beat but Earnings Miss on Weak Results (CPTS) (HGR) (LMAT) (SNN)

Smith & Nephew plc ( SNN ) reported adjusted earnings per share (EPS) of 18.5 cents or EPADS of 93 cents in the first quarter of 2013, missing the year-ago EPADS of 97 cents. Further, the adjusted results trailed the Zacks Consensus Estimate (EPADS) of 95 cents. On a reported basis, EPS of 15.7 cents or EPADS of 79 cents in the first quarter missed the year-ago EPS of 17.7 cents or EPADS of 89 cents […]

Stock Analysts

HEES’ Earnings a Penny Ahead (ASTE) (HEES) (MTW) (TEX)

H&E Equipment Services Inc. ( HEES ) reported first-quarter 2013 earnings of 14 cents per share, up 27% year over year and a penny ahead of the Zacks Consensus Estimate on the back of strong demand for rental equipment as well as new and used equipment. Total revenue increased 225 to $212 million, beating the Zacks Consensus Estimate of $200 million, driven by growth across all segments […]

Stock Analysts

Calpine’s 1Q Loss Widens (AES) (CMS) (CPN) (EOC)

Calpine Corporation ( CPN ) posted adjusted loss of 16 cents per share as against the year-ago loss of 14 cents and the Zacks Consensus Estimate of 15 cents a share. The weak numbers were largely responsible for lower Commodity Margin, mainly due to the changes in the company’s portfolio, a move towards seasonal hedging in 2013 compared to annual hedging in 2012. The results were also affected due to lower generation due to the reversal of coal-to-gas switching that occurred during the first quarter of 2012 […]

Mergers & Acquisitions

Crestwood And Inergy To Merge Forming $7 Billion Midstream Energy Partnership

Crestwood And Inergy To Merge Forming $7 Billion Midstream Energy Partnership Creates an Integrated Mid-Cap MLP Linking Fundamental Energy Supply with Fundamental Energy Demand Across the Midstream Value Chain Companies to Host Conference Call at 8:30 AM ET Today PR Newswire HOUSTON and KANSAS CITY, Mo., May 6, 2013 HOUSTON and KANSAS CITY, Mo. , May 6, 2013 /PRNewswire/ — Crestwood Midstream Partners LP (NYSE: CMLP) (“Crestwood Midstream”) and Crestwood Holdings LLC (“Crestwood Holdings”) (collectively, ” Crestwood “) and Inergy, L.P. (NYSE:NRGY) (“Inergy L.P.”) and Inergy Midstream, L.P […]

Mergers & Acquisitions

American Realty Capital Properties Announces Record First Quarter 2013 Operating Results, In Line with Published 2013 Earnings Guidance Completes Successful Merger with ARCT III Grows Revenues Over 600% Compared to Prior Quarter End

American Realty Capital Properties Announces Record First Quarter 2013 Operating Results, In Line with Published 2013 Earnings Guidance Completes Successful Merger with ARCT III Grows Revenues Over 600% Compared to Prior Quarter End PR Newswire NEW YORK, May 6, 2013 NEW YORK , May 6, 2013 /PRNewswire/ — American Realty Capital Properties, Inc . (NASDAQ: ARCP) (“ARCP” or the “Company”) announced today its operating results for the three months ended March 31, 2013 . Operating highlights are provided below. […]

Mergers & Acquisitions

Lignol provides addional funding to Territory Biofuels Limited to obtain fully diluted majority interest

Lignol provides addional funding to Territory Biofuels Limited to obtain fully diluted majority interest Canada NewsWire VANCOUVER, May 6, 2013 VANCOUVER , May 6, 2013 /CNW/ – Lignol Energy Corporation (TSXV: LEC) (“LEC” or “the Company”), a leading technology company in the advanced biofuels and renewable chemicals sectors, today announced that it has provided a A$500,000 loan to Territory Biofuels Limited (“TBF”), in exchange for receiving 2.5 million stock options from TBF, making LEC the majority shareholder of TBF, on a fully diluted basis with a 51.9% shareholding. LEC has provided an interest free, non-recourse loan to TBF in the principal amount of A$500,000 which is repayable on January 15, 2014 (the “Loan”). In consideration for LEC providing the Loan, TBF will issue common stock options to LEC exercisable up until June 15, 2015 (the “TBF Options”) […]

Mergers & Acquisitions

Western Graphite In Negotiations To Acquire Fully Producing Graphite Mine

Western Graphite In Negotiations To Acquire Fully Producing Graphite Mine PR Newswire TORONTO, May 6, 2013 TORONTO , May 6, 2013 /PRNewswire/ — Western Graphite Inc. (OTCBB: WSGP) is pleased to announce it is currently in negotiations to acquire a fully producing graphite “Khara Mine” located in the same area as the Amorf property. The mine that we are currently in negotiations with is located very close to the Amorf Property and consists of approximately 2000 acres […]

Max Keiser

Suicide bombers of Chicago & New York

[youtube mFHnoQw2MR0] Watch the full Keiser Report E431 on Tuesday. In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss that feeling you get when you’ve blown your life savings on a carnival game and all you have to show for it is a stuffed banana with dreadlocks and how the entire global financial system is not too dissimilar. They also note that those blowing their life savings on a rigged game, or stock market, always seem to turn to doubling down in a vain attempt to win back all that they lost […]

Momentum Stocks

Bull of the Day: Private Bancorp (PVTB) – Bull of the Day (PVTB)

The broad financial sector has been a strong performer so far in 2013, as it has been leading the market in the year-to-date timeframe. Furthermore, the space has actually been beating out the S&P 500 from a one year look as well, suggesting a pretty strong trend of outperformance for this key market sector. However, we have begun to see some new trends develop in this corner of the market during the current earnings season as big banks have been having a bit of trouble. […]

Max Keiser

Keiser Report: Interest Rates Apartheid (E440)

[youtube c3pFKicj9MY] In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Great Leap Forward in central banks’ central planning which has driven the Housewives of China to buy 300 tons of gold, an act of disloyalty to the central bank revolution. Max notices that Mrs. Wang has displaced Mrs Watanabe as the most important buyer in global financial markets […]