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You are here: Home / Archives for Dean Lamori

Fiat Chrysler Meets Investors After Share, Bond Offers

January 10, 2015 By Dean Lamori

Fiat Chrysler Meets Investors After Share, Bond OffersNewly created Fiat Chrysler Automobiles (FCA) has started meeting U.S. investors following its $2.5 billion bond issue and share sale launch aimed to reduce its financial obligations and gain funds for an ambitious investment plan.

In October, FCA moved its primary share listing and said it intends to invest in Alfa Romeo, Jeep and Maserati into global brands with an estimated budget of 48 billion euros or $59 billion. FCA also hopes to take on BMW and Volkswagen by establishing its position in the high-margin and fast-growing premium cars market.

The share and bond offers were announced by the company’s chief executive Sergio Marchionne last Thursday which kicked off a roadshow in New York investors that would run for four days.

Also part of the ambitious investment plan, FCA Chief Executive Marchionne is spinning off and listing Ferrari too that will give its shares to Fiat investors and shareholds who will take on the bond offer.

By 2015, 10% of the luxury sprotscar Ferrari shares will be sold in a public offering in the U.S.

Since the launch of the plan in October 29, the shares of FCA has surged up by over 40% which is its highest in over 13 years under the estimates that the bond and share issues would fully recover because of the Ferrari shares that would be sold in a public offering.

Filed Under: Business & Financials Tagged With: Fiat Chrysler Automobiles

Energy Stock Funds in United States displays good Results

January 8, 2015 By Dean Lamori

US-Based Energy Stock Funds Gathered a Total of $829 MillionIn the week that ended on the 3rd of December, 2014, the energy stock funds based in the USA attract a total of $829 million as its investors committed this amount. According to the data of Thomson Reuters’ Lipper service, the $829 million was committed right after a decline in the prices of oil that was responsible for dragging energy shares much lower.

The inflows reflected the second consecutive week of brand new demand for funds of energy-sector fund. After the prices of oil hit the rock bottom of four-year low, SPNY decreased by a total of 3.2 percent over the reporting period.

According to Tom Roseen, he thinks that investors really think that they are currently at their lowest point.

All in all, stock funds gathered a total of $1.6 billion in cash. This marked their 6th consecutive week of inflows. Among all of the new cash gathered, a total of $5.9 billion was used for the stock exchange-traded fund. On the other hand, the stock mutual funds posted a sum of $4.3 billion in outflows. The outflows coming from the stock mutual funds was considered to be the biggest in 1 year, since the mid of December 2013.

Filed Under: Business & Financials Tagged With: Energy Stock

Barnes and Noble and Microsoft Ended Their Two-Year Relationship

January 4, 2015 By Dean Lamori

Barnes and Noble and Microsoft Ended Their Two-Year RelationshipBarnes and Noble Inc and Microsoft just ended a two-year partnership as they both agreed to terminate their contract with regard to Nook Media LLC. This clears the way for Barnes and Noble to spin off its digital content and e-reader division, which definitely are loss-making divisions.

The shares of Barnes and Noble went down by 5.4 percent on the New York Stock Exchange after it reported a quarterly profit that is much weaker than what is anticipated. The weak quarterly profit is primarily due to much lower sales of Nook devices.

Nook was first launched in the year 2009. At first, it enjoyed its initial success. However, the success was just short. Later on, it costs Barnes and Noble a couple of hundred million dollars due to the fact that it was unable to keep up with the pace Apple Inc’s iPad and Amazon.com Inc’s Kindle.

According to the spokesman of Microsoft, both Microsoft and Barnes and Noble agreed that it is better for them to terminate the contract. Under their new agreement, it is agreed that Microsoft will receive 22.7 percent of the overall proceeds once digital business of Nook, excluding the college bookstores, would be sold in the next three years.

Filed Under: Business & Financials Tagged With: Barnes and Noble

Nomura Expects Better Yearly Revenue After Upgraded Ratings

December 28, 2014 By Dean Lamori

Nomura Expects Better Yearly Revenue After Upgraded Ratings The Nomura Holdings, Inc. expects additional revenue of a few hundred million dollars for the current year. This was after the Moody’s Investor Service’s boosted its credit rating on Nomura, Japan’s biggest brokerage and investment banking corporation.

In the succeeding 18 months, the group will get $250 million yearly additional revenue. This detail was disclosed on Tuesday during an investor conference presentation in Tokyo. However, it did not provide further details on how the revenue increase expectations would be accomplished over the period.

The company’s higher ratings aid in reducing funding costs. From Baa1, its upgrade to Baa3 will also assist the company in expanding sales easier throughout the international fixed-income market. Currently, it is encountering more counterpart requirements, specifically among conservative clients like pension funds.

Considering the turnaround for the company that is engineered by Koji Nagai, Chief Executive Officer (CEO), and Moody’s also elevated Nomura’s Securities rating and its brokerage unit by two notches towards A3. This was the first-ever upgrade within 9 years.

Net profit of Nomura for the second quarter jumped 39% to 53 billion yen, a better-than-expected profit, and was helped by the attraction of more client assets, although Prime Minister Shinzo Abe’s fading enthusiasm over brokerage sales.

 

Filed Under: Business & Financials Tagged With: Nomura Holdings

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