Finance Headlines

KFH posts net profits of KD 90.1mln for first nine months of 2014

Kuwait Finance House (KFH) Chairman Hamad Al-Marzouq KUWAIT, Oct 23 (KUNA) -- Kuwait Finance House (KFH) Chairman Hamad Al-Marzouq stated Thursday that KFH has achieved total operating income of KD 475.2 million as of the end of the third quarter 2014, and a net profit for shareholders of KD 90.1 million, an increase of 1.1 percent over the same period last year. In a press release, the KFH ...


Boeing reports selling goods to Iran

WASHINGTON, Oct 23 (KUNA) -- For the first time since 1979, Boeing has sold aircraft-related goods to Iran Air, the US firm reported in its quarterly report. "During the third quarter of 2014, we sold aircraft manuals, drawings, and navigation charts and data to Iran Air," Boeing said in its report. The sales generated 120,000 dollars in revenue and earned Boeing 12,000 dollars in gross ...


Europe shares up, Asia down on business surveys

TOKYO, Dhu-AlHijjah 29, 1435, Oct 23, 2014, SPA -- Asian stocks fell Thursday after China's factory output grew at the slowest pace in five months while European markets gained on a survey that showed an improvement in the region's business activity. European markets were mostly higher in morning trade. France's CAC-40 recouped earlier losses to be up 0.4 percent to 4,119.55 and Germany's DAX ...


Chinese, North American sales boost General Motors earnings

New York, Dhu-AlHijjah 29, 1435, Oct 23, 2014, SPA -- Strong sales in China and North America bolstered US carmaker General Motors' profits in the third quarter despite recalls that have battered the company and weak sales in Europe. Profits rose to 1.4 billion dollars, up from 700 million dollars in the third quarter last year, GM said Thursday, according to dpa. Revenues rose to 39.3 billion ...


US stocks rally, beating previous estimates

WASHINGTON, Oct 23 (KUNA) -- The US stock market experienced a strong recovery and secured investors and economist after a dramatic drop that occurred last Thursday. Earnings from Caterpillar Inc and 3M Inc surpassed what most analysts had projected and contributed to much of the stocks rebound. Caterpillar is up 4.96 percent due to an increase in commercial construction and higher sales of ...


Is refinancing your mortgage worth it?

The interest rate pendulum has swung in favor of homeowners again. A steady decline in recent weeks brought down the average rate for a 30-year fixed home loan below 4 percent to 3.92 percent this week, the lowest level in more than a year. As recently as January, the average was 4.53 percent, according to mortgage giant Freddie Mac. That's good news for homeowners who are locked in at a ...


Deepening crisis at troubled Tesco

Oct. 24--THE scale of the challenge facing Tesco's new chief executive Dave Lewis was laid bare yesterday after the retailer posted a 5.5pc slump in second quarter sales – the worst performance in more than 40 years. Weary investors, who have already seen the shares fall 53pc this year following a barrage of bad news, wiped 6.6pc or 12p off the stock, which closed at 171p. The slump in revenue ...


Cheniere Energy Partners Declares Quarterly Distributions

HOUSTON, Oct. 24, 2014 /PRNewswire/ -- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) today declared (i) a cash distribution per common unit of $0.425 ($1.70 annualized) to unitholders of record as of November 3, 2014, and (ii) the related distribution to its general partner. All of these distributions are payable on November 14, 2014. Cheniere Partners is a Delaware ...


Kohlberg Completes Additional Sell Down of Position in Performance Sports Group

EXETER, NH -- (Marketwired) -- 10/24/14 -- Performance Sports Group Ltd. (NYSE: PSG) (TSX: PSG) (the "Company"), a leading developer and manufacturer of high performance sports equipment and apparel, today announced that funds managed by Kohlberg Management VI, LLC ("Kohlberg") have sold an aggregate of 2 million common shares of the Company for aggregate gross proceeds of Cdn $37,550,000. ...


Silicones and Quartz Producer Momentive Performance Materials Inc. Completes Balance Sheet Restructuring and Emerges from Chapter 11

WATERFORD, N.Y.--(BUSINESS WIRE)-- Momentive Performance Materials Inc. (“MPM” or “the Company”), a global leader in the development and manufacture of silicones and products derived from quartz and specialty ceramics, today announced that it has successfully completed its balance sheet restructuring and emerged from Chapter 11. MPM has emerged from Chapter 11 with a healthy balance sheet, ...


Fitch Affirms West Virginia Water Development Auth Rev Bonds at 'AA-'; Outlook Stable

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings affirms the 'AA-' rating on approximately $104.28 million of water development revenue bonds issued by the West Virginia Water Development Authority (the authority) as follows: -- (Loan Program I) 2012 series A-I and series B-I; -- (Loan Program II) 2012 series A-II and series B-II and 2013 series A-II; -- (Loan Program III) 2012 series A-III(AMT) and ...


First Bancorp of Indiana, Inc. Announces Financial Results

EVANSVILLE, IN -- (Marketwired) -- 10/24/14 -- First Bancorp of Indiana, Inc. (OTCBB: FBPI), the holding company for First Federal Savings Bank, reported earnings of $319,000 for the first fiscal quarter ended September 30, 2014, compared to $300,000 for the same quarter a year ago. Net interest income for quarter ended September 30, 2014, improved 3.0% from the same period last fiscal year as ...


Iconic Announces Not Proceeding with Equity Financing and Debt Settlement

Category: Baystreet Newswire Company: Accesswire-TNW ID: 421974 Date: Friday, October 24, 2014 Ticker: TSX.V:ICM Image: https://www.thenewswire.com/client_files/logo_746.png Vancouver, BC / ACCESSWIRE / October 24, 2014 / Iconic Minerals Ltd. (TSX-V: ICM / FSE: YQG) announces that it will not be proceeding at this time with the proposed debt settlement and equity financing announced in the ...


S&P/TSX Preferred Index Deletion

TORONTO, Oct. 24, 2014 /CNW/ - DELETIONS Company Name: Toronto-Dominion Bank Class A First Preferred Series O Company Symbol: TD.PR.O Company CUSIP: 891160 68 1 GICS Code: 40101010 – Diversified Banks Outstanding Shares: 17,000,000 Investable Weight Factor (IWF): 1.00 Float Shares: 17,000,000 S&P/TSX Preferred Share Index S&P/TSX North American Preferred Stock Index Relative Weight: 0.84% ...


New Research Offering Insights into Consumer Financial Health to be Featured at Money 20/20

Jennifer Tescher to Present Initial Findings from Nationally-Representative Consumer Survey CHICAGO--(BUSINESS WIRE)-- The Center for Financial Services Innovation (CFSI) announced today that President and CEO Jennifer Tescher will speak at Money 20/20, the largest worldwide gathering for payments and financial services innovators. Tescher, a recognized thought leader on consumer financial ...


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