S&P revised the outlook on RON from stable to negative: We are revising our outlook on RONA Inc. to negative from stable because weak earnings amid difficult market conditions have contributed to higher debt leverage. …
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August PrefLetter Now in Preparation!
The markets have closed and the August edition of PrefLetter is now being prepared. PrefLetter is the monthly newsletter recommending individual issues of preferred shares to subscribers. There is at least one recommendation from every …
August 12, 2011
There’s more information about the attack on the Hong Kong Exchange website: Hong Kong Exchanges & Clearing Ltd. said it will find new ways of publicizing earnings and other corporate events after hackers jammed its …
August 11, 2011
Turkey is deciding whether shorting a stock is like insulting Turkishness: Turkey is increasing scrutiny of short sales, joining countries from Greece to South Korea that have sought to prevent bearish bets from fueling declines …
August 10, 2011
The Kansas City Fed Stress Index for July was below its long term average … but whether that holds up in August is another matter! It’s beginning to look as if European prudence is veering …
August 9, 2011
The FOMC statment was gloomy: Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest …
August 8, 2011
It didn’t take long for the Americans to start blaming the messenger: On one hand, there is a case to be made that the madness of the right has made America a fundamentally unsound nation. …
August 5, 2011
Since the politicians won’t bail out Ireland and Portugal, the central bank is doing it: European Central Bank President Jean- Claude Trichet said the ECB has resumed bond purchases and will offer banks more cash …
August 4, 2011
Here’s a sign of the times: Bank of New York Mellon Corp., the world’s largest custody bank, said it will charge clients a 13 basis point fee for “extraordinarily high” cash deposits. “We have seen …
YLO Preferreds Downgraded to Pfd-3 by DBRS; P-4(high) S&P
Yellow Media’s earnings release today contained a lot of interesting news! In order to improve the financial risk profile and capital position of the Company, the Board of Yellow Media Inc. (Yellow Media) has decided …