Author: Devin Weiss

This morning, the Obama Administration outlined its proposals for tightening financial regulations in an Op-Ed article by Tim Geithner and Larry Summers in The Washington Post. The key sections of it are below, and I have...

Capital One Financial Corp. (COF) said U.S. credit card defaults rose in May along with a 9.4% spike in jobless rates in the country. The McLean, Virginia-based company said in a regulatory filing that in May its annual net...

Limited Brands Inc. (LTD) plans to raise $500 million in senior notes, due 2019, through the private placement route. The company said that proceeds from the placement will be utilized for reducing debt and for general corporate...

Extended Stay Hotels, which owns a chain of 680 hotel properties throughout the United States and Canada, filed for Chapter 11 bankruptcy protection this morning. The move is yet another sign of the ongoing deterioration in the...

Last week, Vale (VALE) announced a price adjustment on iron ore between -28.8% and -44.47% with Japanese and Korean clients. However, the negotiations with Chinese clients continue as a seemingly endless soap opera. According to...

Cephalon (CEPH) shares are currently trading at 9.6x our 2009 EPS estimate of $5.90 (fully-diluted). The shares declined significantly early last year on concerns regarding the growth prospects of Provigil and Fentora.The FDA...

The Obama Administration is expected to release a comprehensive financial regulation reform plan this week, the summary of which was revealed in an op-ed piece by Treasury Secretary Timothy Geithner and National Economic Council...

Lincoln Educational Services Corp.’s(LINC) share price has moved into oversold territory with a stochastic value of 8.72. The Zacks #1 Rank (“Strong Buy”) stock has topped the consensus forecast in each of the...

Parkway Properties, Inc.’s(PKY) MACD indicator has entered into bearish territory with a reading of -0.1891. The Zacks #5 Rank (“Strong Sell”) stock has slipped more than 3% in morning trade to $12.56. The...

Monsanto Co. (MON) shed nearly 2% this morning to trade close to its 50-day moving average of $84.11. The consensus forecast on the company’s full-year profit has dropped by 26 cents per share to $4.40 in the last month....