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The rout in oil prices since 2014 has hurt banks that made loans to oil and gas companies across the United States. At a conference on Tuesday ahead of the downgrade, senior executives at Comerica Inc estimated it would need to set aside an additional $75 million to $125 million in loan-loss reserves over the course of a year if oil prices remain at $30 per barrel.
NEW YORK _ Apollo Commercial Real Estate Finance on Tuesday reported fourth-quarter profit of $27.2 million. The New York- based company said it had net income of 32 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
NEW YORK _ Pzena Investment Management Inc. on Tuesday reported fourth-quarter earnings of $2.2 million. The New York- based company said it had net income of 12 cents per share. For the year, the company reported profit of $7.7 million, or 51 cents per share.
RYE, N.Y. _ Acadia Realty Trust on Tuesday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Rye, New York, said it had funds from operations of $25.4 million, or 35 cents per share, in the period. The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 35 cents...
NEW YORK _ National General Holdings Corp. on Tuesday reported fourth-quarter profit of $13.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. National General shares have decreased 12 percent since the beginning of the year.
NEW YORK _ Moelis& Co. on Tuesday reported fourth-quarter net income of $11.2 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Moelis shares have dropped 15 percent since the beginning of the year.
NEW YORK _ Prospect Capital Corp. on Tuesday reported a fiscal second-quarter loss of $95.1 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Prospect Capital shares have decreased 25 percent since the beginning of the year.
NEW YORK— New York City's famous Carnegie Deli, which had been closed for 10 months due to illegal gas use, has reopened. The deli's owner, Marian Levine, was fined $2,600 for violating the city's building codes. Scenes from Woody Allen's "Broadway Danny Rose" were shot there.
The FDA usually, but not always, follows the advice of its advisory panels. But the FDA has previously determined it may be appropriate to license biosimilars for additional conditions for which a branded product is approved, even if the biosimilar has not been tested for them. Steven Solga, head of gastroenterology at St. Luke's University Hospital in Bethlehem,...
NEW YORK _ Castle Brands Inc. on Tuesday reported a loss of $808,000 in its fiscal third quarter. The New York- based company said it had a loss of 1 cent per share. Keywords: Castle Brands, Earnings Report.
NEW YORK _ INTL FCStone Inc. on Tuesday reported fiscal first-quarter profit of $8.8 million. The company, based in New York, said it had earnings of 46 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
GREAT NECK, N.Y. _ BRT Realty Trust on Tuesday reported a key measure of profitability in its fiscal first quarter. The Great Neck, New York- based real estate investment trust said it had funds from operations of $2.3 million, or 17 cents per share, in the period. The real estate investment trust, based in Great Neck, New York, posted revenue of $23.2 million in the period.
Feb 9- American Express Co wants to grow small-business lending to make up for revenue it expects to lose after its credit card partnership with Costco Wholesale Corp ends this year. The planned end of the partnership in March has been delayed a few months because it has taken more time to move customers to a new card, the Seattle Times reported last week.
NEW YORK, Feb 9- A U.S. judge said Tuesday that he would likely delay the release of a report detailing how well HSBC Holdings Plc has complied with anti-money laundering requirements until a federal appeals court could weigh in. District Judge John Gleeson in Brooklyn, New York, did not rule on whether he would put on hold his order requiring the unsealing of a...
NEW YORK— In a television competition between notorious criminals, O.J. Simpson topped Bernard Madoff. ABC's two-part movie on Madoff, which starred Richard Dreyfuss as the swindler, had more viewers watching when it originally aired than the Simpson premiere, but far fewer who caught it later. Typically the year's most-watched event, the Super Bowl had just...
2. " Super Bowl Post- Game", CBS, 101.93 million. 3. " Super Bowl Post- Game", CBS, 70.01 million. 4. "The Big Bang Theory," CBS, 15.29 million.
*Yellen to defend Fed rate hikes in Congress. Feb 9- U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices. Shares of Anadarko Petroleum dropped 7 percent to $37.24.
FARMINGDALE, N.Y. _ Misonix Inc. on Tuesday reported fiscal second-quarter net income of $175,000. On a per-share basis, the Farmingdale, New York- based company said it had net income of 2 cents. Misonix shares have fallen 20 percent since the beginning of the year.
NEW YORK— Stocks that moved substantially Tuesday on the New York Stock Exchange and the Nasdaq stock market:. Wyndham Worldwide Corp., up $1.58 to $63.21. Coca-Cola Co., up 65 cents to $43.30.
*U.S. shares erase most losses to end slightly lower. Index of top European shares hits lowest since Sept' 13. NEW YORK, Feb 9- U.S. stocks recovered from early losses to end slightly lower on Tuesday while European shares plunged for a second straight day on fears of slowing global growth, with particular concern over the health of the banking sector.