Author: Devin Weiss

With many competitors cutting back, Citigroup Inc. (C) plans to increase the workforce of its European credit sales and trading team by about 5% in an effort to capture market share, according to a Bloomberg report. Citigroup,...

Stiff competition among telecom operators has forced MetroPCS Communications Inc. (PCS) – one of the leading prepaid operators in the U.S. market – to offer attractive 4G LTE service plans to low-end customers. The...

Recently, card processing giant Visa Inc. (V) unveiled an upgraded data security service – Visa Merchant Data Secure. This security service will be knotted with point-to-point encryption (P2PE) technology. Visa Merchant...

The Charles Schwab Corporation (SCHW) has declared the pricing terms of an earlier announced exchange offer. The offer involves replacement of outstanding 4.950% old senior notes (maturing in 2014) with 3.225% new senior notes...

Specialty chemical company Chemtura Corporation (CHMT) recently announced that it will raise the prices for its polyester polyols by up to 6% globally. This includes the Fomrez product lines. The move, which is effective...

Amidst the sluggish economic environment, cautious consumer spending and intense competition, Target Corporation (TGT), the operator of general merchandise and food discount stores in the United States, has maintained positive...

Following the news of Coventry Healthcare Inc.’s (CVH) imminent acquisition by Aetna Inc. (AET), several credit rating agencies – Standard & Poor’s (S&P), Moody’s and Fitch Ratings – have...

United States Cellular Corporation (USM), a subsidiary of Telephone and Data Systems Inc. (TDS) has launched the 4G handset Samsung Galaxy Metrix, which is available online on the company’s website, uscellular.com. The...

Texas-based real estate investment trust (REIT) Whitestone REIT (WSR) has recently announced a public offering of 4.0 million shares to enhance its liquidity. The company has also decided to grant the underwriters a 30-day...

Patterson Companies Inc. (PDCO) reported first quarter fiscal 2013 adjusted earnings of 48 cents per share, missing the Zacks Consensus Estimates of 49 cents but ahead of last year’s 2 cents. Adjusted earnings include...