Archive for January 21st, 2010

Ventas Receives Additional $35 Million 2012 Revolver Commitment (Business Wire)

CHICAGO—-Ventas, Inc. said today that it closed on a commitment for $35 million of additional credit capacity under the Company’s Revolving Credit Facilities to mature in 2012. The additional commitment comes from a financial institution that is an existing lender to the Company’s Revolving Credit Facilities.

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PCMA Statement: Wrong Time for Congress to Experiment on the Federal Employees Health Benefits Program (Business Wire)

WASHINGTON—-The Pharmaceutical Care Management Association released the following statement today on new legislation introduced by Congressman Stephen F. Lynch — the FEHBP Prescription Drug Integrity, Transparency, and Cost Savings Act — which would increase prescription drug costs and reduce choices for federal employees: “Congress has enough on its plate without also trying new experiments on the successful Federal Employees Health Benefits Program , one of our nation’s most proven health benefit programs.

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Railroads signal a tepid US economic recovery (AP)

The nation’s railroad operators expect a tepid recovery for the U.S. economy in 2010, as both businesses and consumers continue to wrestle with the effects of the recession.

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Obama hits Wall Street, pushes for bank limits (AP)

Embracing Depression-era policy and populist politics, a combative President Barack Obama chastised big Wall Street banks Thursday and urgently called for limits on their size and investments to stave off a new economic meltdown.

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American Express, Capital One earnings beat forecasts (Reuters)

American Express Co and Capital One Financial Corp both reported better than forecast fourth quarter earnings, but expressed concern about the growth outlook for credit cards.

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AMD revenue beats Street but shares slip (Reuters)

Advanced Micro Devices Inc reported better-than-expected revenue on strong holiday spending but its shares slid more than 4 percent as investors cashed in recent gains.

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Obama threatens fight with banks on new risk rules (Reuters)

President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.

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Stocks slide as Obama calls for tougher bank rules (AP)

President Barack Obama’s plan to change the way big banks make their money plunged the stock market back into the fear and uncertainty that marked the financial crisis.

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Shifting The Blame (Investor’s Business Daily)

Regulations: Apparently believing the best defense is a good offense, the president wasted no time after his jarring loss on medical overhaul in…

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NRG Energy to replace Sun Microsystems in S&P 500 (AP)

Power plant owner NRG Energy Inc. will replace Sun Microsystems Inc. in the S&P 500 index because Sun Microsystems is being acquired by Oracle Corp., Standard & Poor’s said Thursday.

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