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Eaton Vance (NYSE:EV) Announces Quarter Profit Up 13 Percent – EV, BX, BK, JNS, PSEC

Eaton Vance Corp (NYSE:EV) announced on Tuesday that its fiscal Q4 earnings surged 13 percent as the money manager benefited from rose assets under management and net inflows. Mutual fund executives like Eaton Vance have been developing funds to propose more safety in volatile markets in an effort to assist stem the tide of investors […]

J.P. Morgan (NYSE:JPM) Appoints Marianne Lake As CFO – JPM, PNC, NBG, MTU, FRC

JPMorgan Chase & Co. (NYSE:JPM) announced on Monday that it has promoted Marianne Lake to CFO, thriving Dough Braunstein who will become a vice chairman. Ms. Lake will also join the bank’s operating committee, is at present financial chief for J.P. Morgan’s consumer and community banking segment. Her hired is effective early on next year. […]

JPMorgan (NYSE:JPM), Credit Suisse (NYSE:CS) Will Pay $417M For Settlement – JPM, PNC, STI, MTU, NBG

Regulators said on Friday JPMorgan Chase & Co. (NYSE:JPM) and Credit Suisse Group AG (NYSE:CS) decided to pay a jointly $416.9M to resolve U.S. civil charges that they misled investors in the sale of risky mortgage bonds previous to the 2008 financial crisis. The U.S. Securities and Exchange Commission reported that JPMorgan will pay $296.9M, […]

High-Yield Stock Safe Bulkers Hits New 52-Week Low (SB)

Safe Bulkers (NYSE: SB) traded yesterday at a new 52-week low of $3.23. This new low was reached on above average trading volumes of 2.4 million shares, while the average 30-day volume is about 215,000 shares. Safe Bulkers is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and […]

Diamond Foods Drops 20% on Restated Earnings (DMND)

Diamond Foods (NASDAQ: DMND) on Wednesday restated financial results for fiscal years 2010 and 2011 erasing $56.5 million in profit, and it posted a net loss for the first three quarters of 2012 after the walnut accounting scandal where the company improperly accounted for payment to walnut farmers. Diamond has been battling to stay listed […]

OSI Systems Breaks Below 200-Day Moving Average After Congressman Accuses Unit of Fraud (OSIS)

OSI Systems’ (NASDAQ: OSIS) Rapiscan unit, one of two suppliers of passenger-scanning machines in U.S. airports, may have falsified tests of software intended to stop the machines from recording graphic images of travelers, a U.S. lawmaker said. The company “may have attempted to defraud the government by knowingly manipulating an operational test,” Representative Mike Rogers, […]

Tyco International (NYSE:TYC) Posts $419M Loss, Share Plunges – TYC, ADT, ASCMA, KTOS, GEO

Tyco International Ltd. (NYSE:TYC)’s shares plunged on Wednesday after it declared that it lost $419 million in its Q4, mostly for the reason that of a loss on debt extinguishment and tax-related items. In previous month the Switzerland-based firm reported that it completed its long-planned separation into three publicly traded firm covering its ADT North […]

Exxon Mobil (NYSE:XOM) In Advance Stages Of Negotiations With Buyers – XOM, OXY, BP, TOT, ECA

Deputy Prime Minister for Energy Hussain Shahristani declared on Tuesday that Exxon Mobil Corporation (NYSE:XOM) announced on Tuesday that it is in last stages of negotiations with possible purchasers to take on the West Qurna 1 oilfield. He declared to reporters on the sidelines of the Oil and Money conference in London that Exxon would […]