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losbronces

losbronces
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  • Banco Santander (SAN) has filed to list its car-loan unit Santander Consumer USA as the Spanish banks looks to continue to boost its balance sheet. Santander owns 65% of the subsidiary, while KKR (KKR), Centerbridge Partners and Warburg Pincus own the rest. No details were provided about the timing of the IPO, the valuation or the size. [View news story]
    Here is a link to reuters that can be read without a subscription (as opposed to the WSJ article): http://reut.rs/15iHW73
    
    Jul 4, 2013. 03:27 PM | Likes Like |Link to Comment
  • Banco Santander (SAN) has filed to list its car-loan unit Santander Consumer USA as the Spanish banks looks to continue to boost its balance sheet. Santander owns 65% of the subsidiary, while KKR (KKR), Centerbridge Partners and Warburg Pincus own the rest. No details were provided about the timing of the IPO, the valuation or the size. [View news story]
    It is being done to raise capital, not to unlock shareholder value. It will be interesting to see what the IPO price is.
    Jul 4, 2013. 02:35 PM | Likes Like |Link to Comment
  • A group of U.S. senators plan to put Smithfield Foods (SFD -0.2%) through the meat grinder before the company can have its acquisition by Shuanghui International approved. The group wants the Department of Agriculture and the FDA involved in the government review of the transaction to protect national security interests. Analysts think the deal will still fly, although they predict the review process could stretch out a few months. [View news story]
    And use the term "national security" whenever possible.
    Jun 20, 2013. 01:04 PM | Likes Like |Link to Comment
  • Obama "essentially fired Ben Bernanke on the spot," says ex-Fed Governor Larry Meyer, commenting on the President's remarks during an interview yesterday (he's stayed a lot longer than he was supposed to). Meyer also notes the "tepid" testimonial from the President following that line. "It's time to really now focus on who the next chairman might be." [View news story]
    I doubt that Paul Krugman has the temperament to do the job.
    Jun 19, 2013. 01:26 PM | 1 Like Like |Link to Comment
  • Obama "essentially fired Ben Bernanke on the spot," says ex-Fed Governor Larry Meyer, commenting on the President's remarks during an interview yesterday (he's stayed a lot longer than he was supposed to). Meyer also notes the "tepid" testimonial from the President following that line. "It's time to really now focus on who the next chairman might be." [View news story]
    Why not Paul Krugman? He is the guy who keeps saying print more and spend more. Seems like a perfect fit...
    Jun 19, 2013. 11:21 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Its only a reduction in "no admit, no deny" being accepted, not an elimination. The deals will continue to happen when neither party wants to go to litigation (weak evidence on the SEC side, unwanted attention on the other side).

    Even if they increase the number of deals, they can declare a win (e.g., we brought more cases so deals are up; we reduced the percentage of cases resolved by making deals; we reduced the number of deals (which could happen by reducing the number of cases made). Very much a non-event imo. 
    Jun 19, 2013. 08:36 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    My option will be to take another plane. As the airlines themselves say, we have many options for our flights and Dreamliner sounds more like a nightmare to me.
    Jun 18, 2013. 02:40 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Does anyone really want to fly on a plane with 329 other passengers? More time to load, unload, more center seats. Not something I would be looking for as an airline customer.
    Jun 18, 2013. 08:23 AM | 12 Likes Like |Link to Comment
  • Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
    For an alternate opinion on the short-term direction of gold price by HBSC: http://bit.ly/18ICFcS
    Jun 14, 2013. 10:45 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Thanks, that is certainly a plausible explanation.
    Jun 13, 2013. 10:09 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Its counterintuitive for me as well. How does slowing the creation of dollars decrease the value?
    Jun 13, 2013. 09:25 AM | Likes Like |Link to Comment
  • Why Telefonica Might Be A Good Investment Right Now [View article]
    Second to last paragraph here states amounts to be paid: http://bit.ly/v2vkJZ
    Jun 12, 2013. 10:00 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I donĀ“t have a problem with highlighting the good calls. But BOBS.ob? The 10-day average volume is 3500 shares per day and its OTC. I read the article and it sounds good if you can buy it on the Brazilian exchange. But for someone in the U.S. a low volume stock traded OTC (where orders are not executed in an orderly fashion) is that really a suitable investment?
    Jun 6, 2013. 08:58 AM | 4 Likes Like |Link to Comment
  • Monsanto (MON -3.3%) calls the genetically modified wheat found in Oregon an isolated occurrence, likely the result of an accident or deliberate mixing of seeds. MON says tests of 600 samples of each of two wheat varieties planted by an Oregon farmer show no presence of the experimental Roundup Ready wheat, and tests of 30K wheat samples in Oregon and Washington also show no contamination. [View news story]
    A number of countries (not just in Asia) prohibit the importation of genetically modified agricultural products. So if the supply of wheat is contaminated with genetically modified wheat, you won't be able to export to those countries. So it is a big deal if you're in the business of producing or exporting wheat.
    Jun 5, 2013. 02:44 PM | Likes Like |Link to Comment
  • Admitting what has become obvious, Barrick Gold (ABX) says completion of the Pascua-Lama project will be delayed beyond 2014, and capital costs likely will exceed its $8B-$8.5B estimate. ABX will "evaluate all alternatives" for Pascua-Lama in light of the current legal and regulatory issues, but few expect it to give up totally on such an important part of its long-term future. ABX -2.3% premarket. [View news story]
    Lumwana isn't going well either.
    Jun 4, 2013. 02:14 PM | Likes Like |Link to Comment
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776 Comments
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