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Stock Market & Financial Investment News

News Breaks
June 30, 2014
07:08 EDTWFC, CTHR, PNCCharles & Colvard announces closing of new three-year $10M credit facility
Charles & Colvard (CTHR) has closed a new three-year $10M asset-backed credit facility with Wells Fargo (WFC). The company’s previous credit facility with PNC (PNC) Bank was terminated concurrently with the closing on the new credit facility. The new credit facility provides Charles & Colvard working capital for general corporate purposes and to pursue continued growth opportunities. The company said, "By securing this three-year credit facility from Wells Fargo, Charles & Colvard is better positioned to pursue growth initiatives. The new credit facility is secured by Charles & Colvard assets, subject to customary covenants. It carries an interest rate at Wells Fargo Bank’s three-month LIBOR rate plus 2.5 percent. The company currently does not have any other long-term debt and the new credit facility is undrawn.
News For CTHR;WFC;PNC From The Last 14 Days
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November 25, 2014
16:35 EDTWFCFed says Wells Fargo 2014 resolution plan has shortcomings
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November 24, 2014
07:01 EDTWFCFed could further restrict banks' commodities businesses, NY Times says
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November 21, 2014
07:24 EDTWFCBB&T CEO says 'banks lending recklessly' again, Reuters reports
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November 19, 2014
07:51 EDTPNCClearing House Payments Company to hold a conference
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07:50 EDTCTHRThree Part Advisors to hold a conference
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07:37 EDTPNC, WFCCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
06:14 EDTWFCWells Fargo unit to launch Europe infrastructure fund
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November 18, 2014
17:34 EDTWFCWells Fargo, U.S. not as optimistic on settling mortgage suit, Reuters says
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16:48 EDTWFCWells Fargo, U.S no longer confident on settlement, Bloomberg says
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09:56 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
08:13 EDTWFCWells Fargo downgraded at BMO Capital
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07:24 EDTWFCWells Fargo to hold a forum
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06:20 EDTWFCWells Fargo downgraded to Market Perform from Outperform at BMO Capital
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November 14, 2014
16:21 EDTCTHROn The Fly: Closing Wrap
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