Mortgage prepayment rates jump to their highest level since 2005 as homeowners take advantage of record-low rates (and federal assistance) to refinance. At the rate seen in August, 25% of current debt would be erased in a year, according to LPS. Not surprisingly, the mREIT sector - taking it on the chin for the past few days - is lit up bright red again today. [View news story]
Linn Energy (LINE) slightly raises its FY2012 EBITDA outlook to ~$1.365B, up from $1.35B, and updates full-year total production guidance to 660-685 MMcfe/day. During Q3, LINE drilled nine new horizontal Hogshooter wells with an average initial production rate of 1,983 bbl/day of oil, 534 bbl/day of NGLs and 3.4 MMcf/day of natural gas per well. [View news story]
Xu Jingyang, the deputy GM for Sina's (SINA -2.9%) extremely popular Weibo microblogging platform, has resigned, reports Marbridge Consulting. Two days ago, Marbridge reported a Baidu exec was leaving to join Sina's Weibo team. [View news story]
been doing well selling covered calls on sina.don't know what the change of officers will bring,but i continueto hold the stock.
Sycamore Networks (SCMR): FQ1 EPS of -$0.23 misses by $0.07. Revenue of $12.1M (-21.4% Y/Y) beats by $1.5M. (PR) [View news story]
Mortgage prepayment rates jump to their highest level since 2005 as homeowners take advantage of record-low rates (and federal assistance) to refinance. At the rate seen in August, 25% of current debt would be erased in a year, according to LPS. Not surprisingly, the mREIT sector - taking it on the chin for the past few days - is lit up bright red again today. [View news story]
Linn Energy (LINE) slightly raises its FY2012 EBITDA outlook to ~$1.365B, up from $1.35B, and updates full-year total production guidance to 660-685 MMcfe/day. During Q3, LINE drilled nine new horizontal Hogshooter wells with an average initial production rate of 1,983 bbl/day of oil, 534 bbl/day of NGLs and 3.4 MMcf/day of natural gas per well. [View news story]
Xu Jingyang, the deputy GM for Sina's (SINA -2.9%) extremely popular Weibo microblogging platform, has resigned, reports Marbridge Consulting. Two days ago, Marbridge reported a Baidu exec was leaving to join Sina's Weibo team. [View news story]
Metrics Bode Well For American Capital Agency [View article]
7 Reasons To Consider Linn Energy [View article]