Tag Archives: New York Stock Exchange

5 Financial Decisions That Sound Smart but Are Really Dumb

By U.S. News

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Norma Yaeger, 83, of Encino, Calif., thought she was making a smart financial decision last fall, when, after pulling into a Ralph’s supermarket, she impulsively hired two men to fix her car.

“Two nice gentlemen came over to me and look at my fender, which was badly scratched. They said that they had a compound that will remove the scratches and restore the paint,” Yaeger says.
They would fix it, for just $50.

Yaeger isn’t a rube — she was, in fact, the first female stockbroker to work at the New York Stock Exchange (and recently wrote an autobiography, “Breaking Down the Walls”). She also served as president of two stock brokerage firms. The men who approached her seemed honest, and Yaeger was self-conscious about her fender. She paid the $50, a snap decision that seemed perfectly reasonable.

Instead — and you knew this was coming — when she returned from grocery shopping, her car fender hadn’t improved. In fact, it looked far worse. Yaeger drove to a mechanic and was told that it would take several days and $1,000 to fix her car.”The worst part was that I had to tell my husband about this embarrassing story,” Yaeger says.

[See: 12 Money Mistakes Almost Everyone Makes.]

Most people have made a financial mistake that seemed sensible at the time, but in hindsight turned out to be pretty stupid. With that in mind, here are some thoughts from a slew of personal finance experts on five financial decisions that sound smart but are likely a waste of money.

The Mistake: Buying something because it is interest-free for awhile.

Why It Can Seem Smart. It’s tempting to buy something with a zero-interest window, such as a “90-day, same-as-cash” offer, in which you’re charged no interest if you pay for the product within 90 days.

Why It May Be Stupid. Many people don’t end up saving the money or putting it aside when they get it, “and they end up paying accumulated interest at a high rate plus compounding interest on the balance going forward,” says Kelley Long, a Chicago-based certified public accountant.

She says consumers make such mistakes when they open a store credit card to get a 15 percent discount, for example, but then carry a 22 percent balance. Paying for things with a rewards credit card to earn frequent flier miles can also be a mistake if you’re not paying off the card in full each month. “The interest expenses end up far outweighing the price of an airline ticket,” Long says.

The Mistake: Buying long-term care insurance when you’re broke.

Why It Can Seem Smart. Who wouldn’t want long-term care insurance? It helps pay for basic activities that people need to do on a daily basis, …read more

Source: FULL ARTICLE at DailyFinance

The Best- And Worst-Performing Biotech Stocks July 19 To July 26

By Matthew Herper, Forbes Staff These are the best and worst-performing medical and biotech stocks from July 9, 2013, to July 26, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago. The data come from Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. …read more

Source: FULL ARTICLE at Forbes Latest

Britain charges two brokers over Libor rate scandal

Britain’s Serious Fraud Office said Monday that two former brokers have been charged with conspiring to manipulate the Libor interbank lending rate.

“Terry Farr and James Gilmour, former brokers at RP Martin Holdings Limited, have today been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of Libor,” the SFO said in a statement.

The men will appear in court at a later date, it said, adding that its probe into Libor manipulation would continue.

Gilmour, 48, was charged with one count of conspiracy to defraud. Farr, 41, was charged with two counts of the same offence.

The development comes after the SFO filed similar charges against former UBS and Citigroup trader Tom Hayes last month.

All three men were arrested in Britain last December as part of the investigation.

Libor is calculated daily, using estimates from banks of their own interbank rates. However, the system has been found to be open to abuse, with some traders lying about borrowing costs to boost trading positions or make their bank seem more secure.

The Libor scandal erupted last year when British bank Barclays was fined ??290 million ($470 million, 363 million euros) by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.

Royal Bank of Scotland and Swiss lender UBS have also received heavy fines over alleged rigging of Libor. Euribor is the eurozone equivalent.

Libor or the London Interbank Offered Rate is the umbrella term for benchmark rates that underpin the terms of 500 trillion US dollars (??320 trillion) of contracts from mortgages to the cost of corporate lending.

Last week meanwhile, Britain announced that NYSE Euronext, the owner of the New York Stock Exchange, would take over management of Libor early next year.

That followed a review which recommended that industry body the British Bankers’ Association (BBA) should be stripped of its responsibility for setting Libor after widespread rate-rigging was found to have taken place.

…read more

Source: FULL ARTICLE at Fox World News

The Best- And Worst-Performing Biotech Stocks July 5 To July 12

By Matthew Herper, Forbes Staff These are the best and worst-performing medical and biotech stocks from July 5, 2013, to July 12, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago. The data come from Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. The Best Performers Recent 1-week 52-week Market price price value change change Ticker Company ($MIL) % % RNA Prosensa Holding N.V. 943.6 41.2 #N/A ALNY Alnylam Pharmaceuticals Inc. 3,111.0 32.3 302.6 ITMN InterMune Inc. 1,017.0 24.5 10.2 PCYC Pharmacyclics Inc. 7,865.2 24.2 98.3 EPZM Epizyme Inc. 993.3 22.0 #N/A TSRX Trius Therapeutics Inc. 473.5 19.4 67.9 ASTX Astex Pharmaceuticals Inc. 501.7 18.9 146.1 ACRX AcelRx Pharmaceuticals Inc. 455.4 18.9 256.6 VVUS VIVUS Inc. 1,479.8 18.7 -47.0 ALXN Alexion Pharmaceuticals Inc. 22,297.5 18.5 17.6 The Worst Performers Recent 1-week 52-week Market price price value change change Ticker Company ($MIL) % % MACK Merrimack Pharmaceuticals Inc. 488.1 -27.4 -29.4 ISRG Intuitive Surgical Inc. 17,230.7 -14.9 -19.7 GTXI GTx Inc. 365.4 -14.6 57.5 BABY Natus Medical Inc. 370.4 -14.6 -3.2 AMRN Amarin Corp. PLC ADS 791.7 -11.7 -64.1 MDXG MiMedx Group Inc. 592.5 -6.9 180.9 CLDX Celldex Therapeutics Inc. 1,644.1 -4.4 291.7 ALOG Analogic Corp. 874.5 -4.4 15.8 FLDM Fluidigm Corp. 418.7 -4.1 23.7 NXTM NxStage Medical Inc. 823.8 -4.0 -11.6 The Best-Performing Biotech Stocks Of The Past 52 Weeks Recent 1-week 52-week Market price price value change change Ticker Company ($MIL) % % SRPT Sarepta Therapeutics Inc 1,413.6 9.0 973.4 ACAD ACADIA Pharmaceuticals Inc. 1,463.8 2.5 944.6 AEGR Aegerion Pharmaceuticals Inc. 2,230.2 8.9 424.5 PBYI Puma Biotechnology Inc. 1,594.7 -0.3 394.3 ALNY Alnylam Pharmaceuticals Inc. 3,111.0 32.3 302.6 KERX Keryx Biopharmaceuticals Inc. 662.7 1.6 293.7 CLDX Celldex Therapeutics Inc. 1,644.1 -4.4 291.7 TEAR TearLab Corp. 343.6 7.2 260.5 ACRX AcelRx Pharmaceuticals Inc. 455.4 18.9 256.6 CLVS Clovis Oncology Inc. 2,208.7 -0.9 249.6 CYTK Cytokinetics Inc. 361.7 7.9 248.5 …read more

Source: FULL ARTICLE at Forbes Latest

The Best- And Worst-Performing Biotech Stocks, April 19 to April 26

By Matthew Herper, Forbes Staff These are the best and worst-performing medical and biotech stocks from April 19 to April 26, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago. The data come from Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. During this period the Amex Biotech Index fell 0.1%. The average and median stocks on this list rose 0.7%.

Source: FULL ARTICLE at Forbes Latest

The Best- And Worst-Performing Biotech Stocks, April 12 to April 19

By Matthew Herper, Forbes Staff These are the best and worst-performing medical and biotech stocks from April 12 to April 19, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago. The data come from Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. During this period the Amex Biotech Index increased 2.3%. The average stock on this list fell 0.4%, and the median up fell 1.1%.

From: http://www.forbes.com/sites/matthewherper/2013/04/20/the-best-and-worst-performing-biotech-stocks-april-12-to-april-19/

American Express Profit Boosted by Higher Cardmember Spending

By Reuters

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Credit card company American Express Co.’s quarterly revenue came in below analyst expectations as cardmember spending growth remained muted.

Cardmember spending in the first quarter increased 7 percent, adjusted for foreign currency translations. This was the fourth successive quarter of single-digit growth after nine quarters of double-digit growth.

Expense accounts have come under greater scrutiny as companies look to cut costs to protect profit margins, hurting the credit card lender, which gets more than a quarter of its U.S. billed business from affluent corporate customers.

However, American Express‘s billed business was up 6 percent at $224.5 billion and total cards in force crossed 100 million during the quarter.

The company has the lowest delinquency rate among the large credit card companies, including JPMorgan Chase & Co. (JPM), Discover Financial Services, Capital One Financial Corp. (COF), Bank of America Corp. (BAC) and Citigroup Inc. (C).

It set aside $497 million to cover future bad loans in the quarter, 21 percent more than it had provisioned last year, reflecting its larger lending portfolio.

American Express Co. (AXP), which lends directly to consumers and also competes with Visa Inc. (V) and MasterCard Inc. (MA) to process credit card transactions, said global network and merchant services revenue increased 4 percent to $1.3 billion.

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Consolidated expenses during the quarter remained in check, rising marginally, as the company looks to control costs and maintain a leaner operating structure.

The company said in January it would cut about 5,400 jobs as part of a global restructuring and took a related $600 million charge.

Profit for the quarter ended March 31 rose to $1.28 billion, or $1.15 a share, from $1.26 billion, or $1.07 a share, a year earlier.

Total revenue, net of interest expense, increased 4 percent to $7.88 billion.

Analysts on average had expected earnings of $1.12 a share on revenue of $8.03 billion, according to Thomson Reuters I/B/E/S.

American Express shares were marginally down in trading after the bell. They closed Wednesday at $64.13 on the New York Stock Exchange.

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From: http://www.dailyfinance.com/2013/04/18/american-express-earnings/

Shell Wins; the World Loses

By Sara Murphy, The Motley Fool

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The Supreme Court sided with Royal Dutch Shell today in the landmark Kiobel v. Royal Dutch Petroleum case dealing with alleged corporate human rights abuses in the Niger River Delta. This decision constitutes a disgraceful victory for corporate impunity. Shell shareholders would be shortsighted to celebrate, and responsible investors have the power to do what the judiciary won’t.

Dismissed, but not innocent
To be clear, the Supreme Court did not find Shell innocent of the accusations against it. Those accusations are for crimes against humanity, including torture and extrajudicial executions. Rather, the court found that the case could not be resolved in U.S. courts under a federal law called the Alien Tort Statute (ATS), because Shell is a foreign company that allegedly committed acts against foreign victims on foreign soil. Never mind that Shell is listed on the New York Stock Exchange and earned almost 20% of its 2012 revenue in the United States.

In the past, activists have used the ATS as an accountability tool for the worst corporate human rights abuses. Indeed, the groundbreaking 1997 Doe v. Unocal case — which yielded compensation for victims of horrific abuse by security forces while working on a natural gas pipeline in military-ruled Burma — was brought under the ATS. Today’s result seriously curtails the future applicability of the ATS.

If your interest as an investor is purely in the bottom line, you might think this is a very good development. That kind of thinking could get you into trouble, though. I asked Bennett Freeman, senior vice president of sustainability research and policy at Calvert Investments, for his reaction to today’s judgment.

“What’s crystal clear here,” Freeman said, “is that this decision is going to make it very difficult, if not impossible, to use the [Alien Tort] Statute for this purpose in the future. This was a very significant ruling.” But Freeman emphasizes that the court’s decision should in no way be interpreted as undermining a consensus that the international community long ago established: Business has a responsibility to respect human rights. Indeed, this responsibility is embodied in the United Nations’ Guiding Principles on Business and Human Rights (link opens PDF).

A glimmer of good news
For as troubling as today’s decision is, it’s important to remember that Shell lost on some key points. The company had shamelessly argued that corporations are immune from the ATS, and the court didn’t buy that. It’s interesting how corporations want to enjoy the same rights as people when it comes to things like free speech, but none of the responsibilities of people when it comes to criminal liability.

Furthermore, the court’s finding does not undermine the use of the ATS in cases of human rights abuses. It just requires a stronger connection to the United States. That means that other ATS cases currently working their way through the legal system, such as Earth Rights International’s case against Chiquita for

From: http://www.dailyfinance.com/2013/04/17/shell-wins-the-world-loses/

PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results

By Business Wirevia The Motley Fool

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PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results

MOORPARK, Calif.–(BUSINESS WIRE)– PennyMac Mortgage Investment Trust (NYS: PMT) will announce results for the quarter ended March 31, 2013 in a news release to be issued prior to the market open on Tuesday, April 23rd, 2013. The release will be available online at www.PennyMac-REIT.com.

PennyMac executives will review the quarter’s results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company’s website concurrently with the news release.

Individuals who are unable to access the website but would like to receive a copy of the slide presentation should contact the Company’s Investor Relations department at 818-224-7028.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets. The Company trades on the New York Stock Exchange under the symbol “PMT” and is externally managed by PNMAC Capital Management, LLC, a wholly owned subsidiary of Private National Mortgage Acceptance Company, LLC. Additional information about the Company is available at www.PennyMac-REIT.com.

PennyMac Mortgage Investment Trust
Media
Kevin Chamberlain
(818) 746-2877
or
Investors
Christopher Oltmann
(818) 746-2046

KEYWORDS:   United States  North America  California

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The article PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/17/pennymac-mortgage-investment-trust-announces-date-/

Collapse, Consolidation, and Accidental Greatness

By Alex Planes, The Motley Fool

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On this day in economic and business history …

On April 14, 2000, all but the most hopeless optimists probably sensed that the era of endless dot-com gains was finally over. That day, a four-day streak of losses became a five-day market rout as investors reacted to unexpected growth in consumer prices by selling off en masse.

The Dow Jones Industrial Average lost 616.23 points — a 5.7% plunge — narrowly avoiding a 700-point drop but nevertheless setting what was then an all-time record for losses in terms of points. The losses became so bad so quickly during the day’s trading that circuit breakers tripped at the New York Stock Exchange, leading us to wonder how much worse the drop might have been without this protection. The once red-hot Nasdaq Composite collapsed, losing more than 9% in its largest one-day drop on record, capping a week that had shaved off a full quarter of its value. Over the course of the week, investors in American stocks lost $2 trillion in total wealth.

As is often the case at the beginning of a serious bear market, some traders and pundits found it hard to believe that the crash was closer to its beginning than to its end. Brian Finnerty of C.E. Unterberg Towbin told CNN, “They’re selling the good with the bad because they can … and that’s irrational, but that’s also when a bottom is formed.” Bill Meehan of Cantor Fitzgerald said: “I think you’ll see healthier and broader advances in the market. Now is the time for optimism.”

They were, of course, very wrong. The stock slide continued for more than two years, reducing the Dow’s value by nearly 30% more and absolutely destroying the Nasdaq, which collapsed another 66% before finding its real bottom. The Dow eventually recovered, but the Nasdaq never did — its April 14, 2000, closing value of 3,321.17 remains higher than any closing value reached in the subsequent decade.

A patented breakfast product
Kellogg can trace its origins to 1894, when Dr. John Harvey Kellogg and Will Keith Kellogg invented corn flakes by accident. That invention gained legal legitimacy on April 14, 1896, when the U.S. Patent Office granted Dr. Kellogg a patent for the new “flaked cereal.” For several years, the two brothers tried to market the product together under the banner of the Sanitas Nut Food Company, which defended the corn-flake patent vigorously against imitators.

Dr. Kellogg formed Sanitas — possibly named after the Battle Creek Sanitarium in Michigan, where corn flakes were invented — in 1899 and brought brother Will on to help manage the business, which would sell the cereal through mail order. A number of copycats sprang up, so numerous that more than 40 factories were thought to be operating near the Battle Creek Sanitarium making similar breakfast cereals by 1902. In 1903, the

From: http://www.dailyfinance.com/2013/04/14/collapse-consolidation-and-accidental-greatness/

The Week's Best- And Worst-Performing Biotech Stocks, April 5 To April 12

By Matthew Herper, Forbes Staff These are the best and worst-performing medical and biotech stocks from April 5 to April 12, 2013. This screen includes biotechnology and medical companies traded on the New York Stock Exchange, the Nasdaq or the American Stock Exchange that had market capitalizations of more than $300 million as of a week ago. The data come from Interactive Data and Thomson Reuters Fundamentals via FactSet Research Systems. During this period the Amex Biotech Index increased 3.8%. The average stock on this list went up 2.6%, and the median up 2.0%. Last Week’s Best-Performing Biotech Stocks Ticker Company Market value ($MIL) 1-week price change (%) 52-week price change (%) ACAD ACADIA Pharmaceuticals Inc. 987.6 62.9 306.9 ASTX Astex Pharmaceuticals Inc. 597.5 18.4 189.0 REGN Regeneron Pharmaceuticals Inc. 21,033.7 16.4 51.6 HALO Halozyme Therapeutics Inc. 675.3 15.7 -58.7 EXEL Exelixis Inc. 922.3 13.6 -11.3 Last Week’s Worst-Performing Biotech Stocks Ticker Company Market value ($MIL) 1-week price change (%) 52-week price change (%) QCOR Questcor Pharmaceuticals Inc. 1,654.6 -10.3 -20.8 IART Integra LifeSciences Holdings Corp. 948.3 -11.3 13.4 INFI Infinity Pharmaceuticals Inc. 1,926.7 -13.1 275.6 SGYP Synergy Pharmaceuticals Inc. 357.0 -13.7 56.0 AFFX Affymetrix Inc. 274.3 -18.4 7.7 The Best-Performing Biotech Stocks Of The Year So Far Ticker Company Market value ($MIL) 1-week price change (%) 52-week price change (%) SRPT Sarepta Therapeutics Inc 1,279.9 11.0 431.3 KERX Keryx Biopharmaceuticals Inc. 657.5 10.1 332.3 ACAD ACADIA Pharmaceuticals Inc. 987.6 62.9 306.9 INFI Infinity Pharmaceuticals Inc. 1,926.7 -13.1 275.6 GNMK GenMark Diagnostics Inc. 457.9 2.6 248.1

From: http://www.forbes.com/sites/matthewherper/2013/04/14/the-weeks-best-and-worst-performing-biotech-stocks-april-5-to-april-12/

Taylor Morrison Home Corporation Completes Its Initial Public Offering

By Business Wirevia The Motley Fool

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Taylor Morrison Home Corporation Completes Its Initial Public Offering

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– Taylor Morrison Home Corporation (NYS: TMHC) today announced that it has completed its initial public offering of 32,857,800 shares of the Company’s Class A common stock, including 4,285,800 shares of Class A common stock sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters, at a price to the public of $22.00 per share. The shares began trading on the New York Stock Exchange on April 10, 2013 under the ticker symbol “TMHC.”

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Zelman Partners LLC acted as joint book-running managers for the offering.

The offering of these securities was made only by means of a prospectus, copies of which may be obtained from the offices of:

From: http://www.dailyfinance.com/2013/04/12/taylor-morrison-home-corporation-completes-its-ini/

 
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, NY 10010-3629
(800) 221-1037

Dynex Capital, Inc. Announces Pricing of Series B Cumulative Redeemable Preferred Stock Offering

By Business Wirevia The Motley Fool

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Dynex Capital, Inc. Announces Pricing of Series B Cumulative Redeemable Preferred Stock Offering

GLEN ALLEN, Va.–(BUSINESS WIRE)– Dynex Capital, Inc. (NYS: DX) (the “Company”) announced today that it has priced a public offering of two million shares of an original issuance of its 7.625% Series B Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for gross proceeds of $50 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of the Series B Preferred Stock to cover any overallotments. The offering is subject to customary closing conditions and is expected to close on or about April 19, 2013. The Company intends to apply to list the Series B Preferred Stock on the New York Stock Exchange.

The Company intends to use the net proceeds from this offering to acquire additional investments, consistent with its investment strategy, and for general corporate purposes, which may include, among other things, repayment of maturing obligations, capital expenditures and working capital.

J.P. Morgan Securities LLC and Keefe, Bruyette & Woods, Inc. are acting as the joint book running managers for the offering. Credit Suisse Securities (USA) LLC, Ladenburg Thalmann & Co. Inc., MLV & Co LLC, and Sterne, Agee & Leach, Inc. are acting as co-managers for the offering.

The offering is being made pursuant to the Company’s existing shelf registration statement that has been declared effective by the SEC. The offering of these securities may be made only by means of a prospectus and a related prospectus supplement that should be read prior to investing, a copy of which may be obtained by visiting EDGAR on the SEC website at http://www.sec.gov when available or contacting:

Beam to Webcast May 2nd Conference Call on First Quarter Results

By Business Wirevia The Motley Fool

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Beam to Webcast May 2nd Conference Call on First Quarter Results

DEERFIELD, Ill.–(BUSINESS WIRE)– Beam Inc. (NYS: BEAM) , a leading global premium spirits company, will offer a live Internet webcast of its first quarter results conference call. The webcast will be available under “Webcasts and Presentations” in the Investors section of the company’s web site, www.beamglobal.com, beginning at 10:00 a.m. ET on Thursday, May 2, 2013. It is recommended that listeners log on 10 minutes prior to the start of the call.

The conference call will feature comments on Beam’s first quarter results by president & chief executive officer Matt Shattock and chief financial officer Bob Probst. The company plans to report results for the first quarter the morning of May 2nd, prior to the conference call.

An Internet replay of the conference call will be available at www.beamglobal.com beginning the afternoon of May 2nd.

Individuals without Internet access may listen to the call by dialing 1-877-226-0730 prior to 10:00 a.m. ET on May 2nd.

About Beam Inc.

As one of the world’s leading premium spirits companies, Beam is Crafting the Spirits that Stir the World. Consumers from all corners of the globe call for the company’s brands, including Jim Beam Bourbon, Maker’s Mark Bourbon, Sauza Tequila, Pinnacle Vodka, Canadian Club Whisky, Courvoisier Cognac, Teacher’s Scotch Whisky, Skinnygirl Cocktails, Cruzan Rum, Hornitos Tequila, Knob Creek Bourbon, Laphroaig Scotch Whisky, Kilbeggan Irish Whiskey, Larios Gin, Whisky DYC and DeKuyper Cordials. Beam is focused on delivering superior performance with its unique combination of scale with agility and a strategy of Creating Famous Brands, Building Winning Markets and Fueling Our Growth. Beam and its 3,400 passionate associates worldwide generated 2012 sales of $2.5 billion (excluding excise taxes), volume of 38 million 9-liter equivalent cases and some of the industry’s fastest growing innovations.

Headquartered in Deerfield, Illinois, Beam is traded on the New York Stock Exchange under the ticker symbol BEAM and is included in the S&P 500 Index and the MSCI World Index. For more information on Beam, its brands, and its commitment to social responsibility, please visit www.beamglobal.com and www.drinksmart.com.

Beam Inc.
Media Relations
Clarkson Hine, +1-847-444-7515
Clarkson.Hine@beamglobal.com
or
Investor

From: http://www.dailyfinance.com/2013/04/11/beam-to-webcast-may-2nd-conference-call-on-first-q/

ExactTarget Announces Timing of First Quarter Financial Results

By Business Wirevia The Motley Fool

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ExactTarget Announces Timing of First Quarter Financial Results

First Quarter 2013 Results to be Released May 9, 2013 After Market Close

INDIANAPOLIS–(BUSINESS WIRE)– ExactTarget (NYS: ET) , a leading global provider of cross-channel digital marketing solutions, announced that its financial results for the first quarter 2013 will be released after the market close on Thursday, May 9.

ExactTarget will host a conference call at 5 p.m. Eastern to discuss the results with the investment community.

To access the call from the U.S., dial 877.474.9502 or 857.244.7555 internationally. A live webcast of the call will also be available at www.ExactTarget.com/Investor.

An audio replay of the call will be available until May 16, 2013 at 888.286.8010 or 617.801.6888 internationally. To access the replay, reference Conference ID 57066694.

About ExactTarget

ExactTarget is a leading global provider of cross-channel digital marketing software-as-a-service solutions that empower organizations of all sizes to communicate with their customers through email, mobile, social media, Web and marketing automation. ExactTarget’s suite of integrated applications enable marketers to plan, automate, deliver and optimize data-driven digital marketing and real-time communications to drive customer engagement, increase sales and improve return on marketing investment. Headquartered in Indianapolis, Indiana with offices in North America, Europe, South America and Australia, ExactTarget trades on the New York Stock Exchange under the ticker symbol “ET.” For more information, visit  www.ExactTarget.com .

Finn Partners
Kari Brownsberger, 312-329-3980
mediarelations@exacttarget.com

KEYWORDS:   United States  North America  Indiana

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The article ExactTarget Announces Timing of First Quarter Financial Results originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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From: http://www.dailyfinance.com/2013/04/11/exacttarget-announces-timing-of-first-quarter-fina/

Aqua America: State Supreme Court Ruling a Victory for Property Owners

By Business Wirevia The Motley Fool

Filed under:

Aqua America: State Supreme Court Ruling a Victory for Property Owners

Indiana Court Calls Protection of Private Property “Tenet of American Life”

BRYN MAWR, Pa.–(BUSINESS WIRE)– The Indiana Supreme Court today ruled that government does not have the unchecked right to determine the value of private property taken for public use, and that an Aqua America subsidiary is entitled to have the fair value of its infrastructure established by a jury.

The case involves infrastructure that served a portion of Fort Wayne and Allen County, Indiana. The City of Fort Wayne condemned the water utility in 2002 and unilaterally established a purchase price based on two appraisals that it commissioned. Aqua appealed this decision and sought to have the ability to present its view of the value of the property seized by the taking and requested that a jury decide what the fair value of the property was at the time of the City’s use of eminent domain. Today, the Indiana Supreme Court agreed with Aqua’s positions and allowed it the ability to present its side of the story.

Aqua America Chairman and CEO Nicholas DeBenedictis said the company is considering its options and hopes to avoid returning to court. Nonetheless, the decision justifies its persistence. “Although we don’t normally sell assets,” DeBenedictis said, “when we do, we will fight to get fair value.”

Aqua America‘s corporate counsel Christopher Luning said the company is pleased to have played a role in establishing case law that gives vital protection to land and property owners. “The highest court in Indiana has rendered a national victory for private property rights. It assures citizens have a voice in such a powerful use of government authority,” Luning said.

Aqua America is one of the largest U.S.-based, publicly-traded water utilities and serves almost 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana, Virginia, and Georgia. Aqua America is listed on the New York Stock Exchange under the ticker symbol WTR. Visit www.aquaamerica.com for more information.

WTRG

Aqua America, Inc.
Justin Pizzi
Director, Communications
610-520-6308
484-868-5032
jcpizzi@aquaamerica.com
or
Brian Dingerdissen
Director, Investor Relations
610-645-1095
484-368-4720
bjdingerdissen@aquaamerica.com

KEYWORDS:   United States  North America  Indiana  Pennsylvania

INDUSTRY KEYWORDS:

The article Aqua America: State Supreme Court Ruling a Victory for Property Owners originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/aqua-america-state-supreme-court-ruling-a-victory-/

FBL Financial Group Schedules First Quarter 2013 Earnings Date, Conference Call and Webcast

By Business Wirevia The Motley Fool

Filed under:

FBL Financial Group Schedules First Quarter 2013 Earnings Date, Conference Call and Webcast

WEST DES MOINES, Iowa–(BUSINESS WIRE)– FBL Financial Group, Inc. (NYSE: FFG) will announce its first quarter 2013 earnings after the close of market on Thursday, May 2, 2013. The first quarter earnings release and financial supplement will be posted on the FBL Financial Group website (www.fblfinancial.com) at that time.

FBL Financial Group will hold a conference call to discuss first quarter 2013 earnings on Friday, May 3, 2013 at 11:00 a.m. ET. The conference call will be webcast live on the Internet. Investors and interested parties who wish to listen to the call on the Internet may do so at www.fblfinancial.com.

The call may also be accessed by telephone at (877) 317-6789. A transcript of the prepared comments from the call, as well as an audio replay, will be available shortly after the call on FBL Financial Group’s website. An audio replay will also be available via telephone through May 20, 2013 by calling (877) 344-7529 and inputting code 10021181 when prompted.

FBL Financial Group is a holding company whose purpose is to protect livelihoods and futures. Its primary operating subsidiary, Farm Bureau Life Insurance Company, underwrites and markets a broad range of life insurance and annuities to individuals and businesses, which are distributed by multiline exclusive Farm Bureau agents. In addition, FBL Financial Group manages all aspects of two Farm Bureau affiliated property-casualty insurance companies for a management fee. FBL Financial Group, headquartered in West Des Moines, Iowa, is traded on the New York Stock Exchange under the symbol FFG. For more information, please visit www.fblfinancial.com.

FBL Financial Group, Inc.
Kathleen Till Stange, 515-226-6780
Corporate & Investor Relations V.P.
Kathleen.TillStange@FBLFinancial.com

KEYWORDS:   United States  North America  Iowa

INDUSTRY KEYWORDS:

The article FBL Financial Group Schedules First Quarter 2013 Earnings Date, Conference Call and Webcast originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/fbl-financial-group-schedules-first-quarter-2013-e/

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs

By Business Wirevia The Motley Fool

Filed under:

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs

GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) informs that it has been notified that, in the protection proceeding by which the Company had appealed a intermediate decision in the lawsuit filed by Grupo México, S.A.B. de C.V. (“Grupo México”) seeking the declaration of invalidity of the Company’s bylaws, and by virtue of the application of certain federal precedents regarding such protection proceedings, the court granted GAP‘s petition for a suspension of the intermediate court’s decision that had declared invalid Articles X and XII of the Company’s bylaws. The court’s decision of suspension confirms that which is set forth in Article 1343 of the Commercial Code, namely that the lower courts’ decisions at the trial and intermediate level are not carried out until all ordinary and extraordinary measures of redress by GAP have been exhausted.

As a result of this decision, GAP confirms that Articles X and XII of its bylaws remain valid and binding, and, consequently, GAP‘s shareholders are required to adhere to them.

Company Description:

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP‘s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP“.

This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.

From: http://www.dailyfinance.com/2013/04/11/grupo-aeroportuario-del-pacifico-sab-de-cv-informs/

AptarGroup Declares Quarterly Dividend; Confirms First Quarter Conference Call

By Business Wirevia The Motley Fool

Filed under:

AptarGroup Declares Quarterly Dividend; Confirms First Quarter Conference Call

CRYSTAL LAKE, Ill.–(BUSINESS WIRE)– The Board of Directors of AptarGroup, Inc. (NYS: ATR) today declared a quarterly cash dividend of $0.25 per share, payable May 17, 2013, to shareholders of record as of April 26, 2013.

As previously announced, AptarGroup will hold a conference call on Friday, April 26, 2013, at 8:00 a.m. CT to discuss the Company’s first quarter results for 2013. The Company plans to announce its first quarter results after trading on the New York Stock Exchange has closed on Thursday, April 25, 2013. The conference call will last approximately one hour. Interested parties are invited to listen to a live webcast by visiting the Investor Relations page of the AptarGroup website at www.aptar.com. Replay of the conference call can also be accessed on the Investor Relations page of the website.

AptarGroup, Inc. is a leading global supplier of a broad range of innovative dispensing systems for the beauty, personal care, home care, pharmaceutical, food, and beverage markets. AptarGroup is headquartered in Crystal Lake, Illinois, with manufacturing facilities in North America, Europe, Asia and South America. For more information, visit www.aptar.com

AptarGroup, Inc.
Matthew DellaMaria, 815/477-0424

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:

The article AptarGroup Declares Quarterly Dividend; Confirms First Quarter Conference Call originally appeared on Fool.com.

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From: http://www.dailyfinance.com/2013/04/11/aptargroup-declares-quarterly-dividend-confirms-fi/