Tuesday | Business Journal
George Soros buys up Fifth Third stock
He made the investment through his Soros Fund Management, which mainly manages money for the Soros family.
UPDATE 1-Court OKs JPMorgan fee pact;Capital One talks fail
JPMorgan Chase & Co won preliminary court approval of its agreement to pay $110 million to settle nationwide litigation accusing it of charging excessive overdraft fees.
12 Undervalued Financials Being Bought Up By Hedge Funds
After a tough year for the financial sector, do you think financial stocks are on the verge of a comeback? For a closer look at financials currently favored by hedge funds, we ran a screen.
Big gun investors John Paulson, Steve Cohen, Anton Schutz and Eddie Lampert all made surprising investment moves this past quarter that investors may want to take note of, according to Wall Street research shop SNL Financial.
Meanwhile, the U.S. Commerce Department reported that durable goods orders rose 0.2% in April, which was less than the 0.5% increase expected by economists polled by Thomson Reuters.
Small businesses more optimistic
Small businesses are more optimistic about their prospects and the economy, according to a quarterly small business survey by Capital One Financial Corp.
Fred. Olsen Production ASA: Expiry of Letter of Intent
As previously announced on the 9th December 2011 Fred. Olsen Production ASA , on behalf of a joint venture to be established with Marubeni Corporation, Japan, entered into a letter of intent with PetroVietnam Technical Services Corporation, Vietnam, relating to contracts for the construction and installation and subsequent chartering of an FPSO for ... (more)
Klarna Appoints Two New Directors to Board
Nigel Morris, co-founder of Capital One, and Anton Levy, Managing Director of General Atlantic join Klarna Board of Directors.
TEXT-Fitch affirms all Capital One ratings, removes from watch negative
May 23 - Fitch Ratings has removed Capital One Financial Corporation's and its primary operating subsidiaries from Rating Watch Negative and has affirmed all ratings for COF.
McLean Women Gather for Day of Networking
There's a lot of good news for women.A Over the past twenty-five years, for instance, women have started new businesses at twice the rate of men.
Capital One Bank Appoints Jared Green East Texas Area President
Capital One Bank announced today the appointment of Jared Green as East Texas Area President.
FirstMerit to Slash Hundreds of Jobs
Just weeks after Capital One Financial said it was cutting 500 assistant manager jobs at its branches, FirstMerit in Akron, Ohio, announced this week that it would eliminate all assistant branch manager jobs as part of a broad cost-cutting initiative.
Defaults Rise Slightly for Capital One
Analysts recently suggested that the record-low instances of delinquency and default observed by credit card lenders since the end of the recession were expected to bottom out at some point this year, and already, this might be taking place for at least one major lender, according to a report from Dow Jones Newswires .
9 Stocks With Recent Positive EPS Surprises And Upgrades Last Week
I ran a screen for potentially undervalued stocks which have strong fundamentals and growth, have recently have beaten analyst estimates and have been upgraded by brokers last week.
Virginia business briefs for May 11
The Fairmont, W.Va., center said complaints nationally topped 300,000 and totaled more than $500 million in losses to individuals.
Daily Dividend Report: COF, MMM, TEVA, CSX, SCI
Capital One Financial Corporation maintained its quarterly dividend of 5 cents per share.
In the Markets: Trial looms over Kanas' banking
In late 2006, John Kanas, New York's most successful community banker in the past 30 years, sold his institution, North Fork Bancorp, to Virginia-based Capital One Financial Corp.
CAPITAL ONE FINANCIAL: Aurgus upgrades to hold from sell. COGNIZANT TECH SO-A: JP Morgan reiterates overweight, price target of $72 . DEVON ENERGY: Pritchard Capital Partners initiates coverage at buy, price target of $83. EL PASO: Atlantic Equities downgrades to underweight from overweight, price target of $31 . ELECTRONICS ARTS: Needham & Co ... (more)
Fairbank is reported by Forbes Magazine to be personally making a six-year average of more than $57 million, and his company reported a profit of nearly $3.7 billion for the quarter ended March 21, according to financial statements filed with the U.S. Securities and Exchange Commission.
Capital One Equipped With Tech for Geo-Located Offers
Capital One is showing signs of intent to introduce location-based offers through its mobile applications.