Author: Devin Weiss

Due in part to various foreclosure moratoriums and also just a plain logistical backlog, a curious thing is taking place. While the number of mortgages that are seriously delinquent has been soaring, the rate of actual...

Columbus, Ohio-based American Electric Power Co. Inc. (AEP) took one on the chin when Moody’s downgraded its utility subsidiary Southwestern Electric Power Co.’s (SWEPCo) ratings this Monday. SWEPCo provides power to...

On July 6, 2009, Dollar Financial Corp. (DLLR) announced the acquisition of four stores in Northern Ireland for £550,000 including £160,000 for the loan books. Three of the stores reside in central Belfast whereas...

Zhongpin Inc.’s(HOGS) share price has entered into oversold territory with a stochastic value of 2.58. The Zacks #2 Rank (“Buy”) stock has topped the consensus forecast in each of the last 4 quarters with an...

A.M. Best Co. viewed PartnerRe Ltd.’s (PRE) decision to acquire a majority stake in Paris Re on July 5, 2009 as positive for the company. The all-stock transaction, valued at about approximately $2 billion, will exchange...

Seattle Genetics Inc.’s(SGEN) MACD indicator has moved into bearish territory with a reading of -0.0335. The Zacks #4 Rank (“Sell”) stock has slipped more than 1% to $8.85 in morning trade. The full-year...

Last week, American Physicians Service Group, Inc. (AMPH) announced its inclusion in the Russell 3000 Index. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies that represents about 98% of the...

To compete with large vendors in the rising netbook PC market, Sony (SNE) plans to launch its new VAIO W series laptop, currently meant for the Japanese market. The new netbook is expected to hit stores in August with a selling...

Vornado contemplates floating own private equity fund According to a report published in the Wall Street Journal, Vornado Realty Trust (VNO), a real estate investment trust (REIT), is considering plans to create its own private...

Large US telecom carriers are being investigated by the antitrust regulators who are scrutinizing whether these companies are abusing their market power and are involved in anticompetitive practices. The US Department of Justice...