Archive for July, 2008

Franklin Covey Co. Commences Dutch Auction Tender Offer

Wednesday, July 30th, 2008

Franklin Covey Co. (NYSE: FC) today announced that it has commenced its previously announced modified Dutch Auction tender offer for up to $28.0 million in value of shares of its common stock at a price within (and including) the range of $9.00 to $10.50 per share, which may allow up to 3,111,111 shares, or […]

Updated Information Regarding Auction Preferred Securities Market Available on MFS Investment Management’s Web Site

Tuesday, July 29th, 2008

BOSTON - MFS Investment Management® (MFS®) today announced the availability of information on the results of the weekly auctions for the week ending July 25, 2008, that determine the dividend rate payable on the auction rate preferred shares issued by the closed-end funds identified below. The data is posted online at www.mfs.com and can be […]

Americas Watchdog Warns Auction Rate Victim

Monday, July 28th, 2008

Americas Watchdog is the largest private consumer group in the United States focused on Wall Street misdeeds, and it has been assisting victims of the $330 billion auction rate securities disaster for over five months. Since February 14th, Americas Watchdog has had a national investigation involving the banks and stock brokers involved in the auction […]

Stolichnaya Auction

Sunday, July 27th, 2008

Stolichnaya makers of Russian vodka look set to become the centre of a multi-million-pound bidding war following Pernod Ricard’s takeover of Swedish maker Absolut.
Bacardi-Martin, Campari and Brown-Forman are being tipped as possible suitors, as Diageo has effectively ruled itself out after buying Ketel One.
Analysts say that vodka is the most dynamic global spirits category. Stolichnaya […]

Peso falls after halt in dollar auctions

Saturday, July 26th, 2008

Mexico’s peso weakened sharply on Friday after the central bank said it would suspend its daily dollar auctions, and stocks rose after unexpectedly strong U.S. consumer confidence and housing data.

UK Debt Management Office to Auction Treasury Gilt

Wednesday, July 23rd, 2008

The UK Debt Management Office has announced it will on July 29 auction 2.5 billion pounds of Tresury gilts maturing in 2018.

SIV auction

Thursday, July 17th, 2008

SIV the 4.4bn Euro troubled structured investment vehicle previously managed by London based-hedge fund Cheyne Capital Management is preparing to auction assets as part of a restructuring, which strategists say will give the market new guidance on the pricing of structured credit and an indication of the size of further writedowns at banks.

Freddie Mac auction

Wednesday, July 16th, 2008

Freddie Mac attracted more intrest on Monday for an auction of $3 billion in short-term securities than it had nearly all year, a day after the US government provided support for the mortgage giant.
Shares of Freddie Mac fell 64 cents, or 8.3 percent, to close at $7.11 in Monday.

Michigan Bankers Association Aligns with neoSaej

Wednesday, July 9th, 2008

NeoSaej, a leader in online auction marketplaces and developer of MoneyAisle.com, the first and only Web site where banks competitively bid for customers through live secure auctions, today announced a strategic alliance with the Michigan Bankers Association (MBA). The alliance is expected to increase the number of banks in MoneyAisle’s growing network and benefit consumers […]

US Treasury auction results

Tuesday, July 1st, 2008

The Treasury Department auctioned $23 billion in three-month bills at a discount rate of 1.900 percent, up from 1.855 percent last week. An additional $22 billion in six-month bills was auctioned at a discount rate of 2.135 percent, down from 2.255 percent last week.
The three-month rate was the highest since three-month bills averaged 2.050 percent […]