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Stock Market & Financial Investment News

News Breaks
October 15, 2012
15:16 EDTDRLDoral and DiMaio's Mead Park form CLO-investing venture, Bloomberg says
Doral and Mead Park scheduled to complete deal by end of 2012, says Bloomberg, citing e-mailed statement from Mead Park.
News For DRL From The Last 14 Days
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September 20, 2014
15:39 EDTDRLDoral Financial says Hacienda has put forth no evidence
Following the trial in the Doral Financial Corporation v. Hacienda court case, Doral Legal Counsel Matthew D. McGill issued the following statement: "For four months, Doral has been waiting for Hacienda to explain its attempt to nullify its $230M debt to Doral. Hacienda claimed that Doral obtained its 2012 tax agreement through a fraud, but after two days of trial, including testimony from Secretary Melba Acosta Febo herself, Hacienda has come forward with no evidence supporting that outrageous accusation. When this case is over, the people of Puerto Rico will have to ask whether they were well served by their government's unfounded attack on one of Puerto Rico's few remaining banks."
September 10, 2014
09:22 EDTDRLOn The Fly: Pre-market Movers
HIGHER: Twitter (TWTR), up 2.8% after upgraded at UBS... SunEdison (SUNE), up 2.7% after Google (GOOG) to provide $145M investment in the company's Regulus solar plant... Camtek (CAMT), up 15% after receiving new orders of $3.0M from large OSAT... Doral Financial (DRL), up 12.5% after announcing sale of approximately $430M in assets... Imperva (IMPV), up 1.5% after upgraded at Oppenheimer... Mandalay Digital (MNDL), up 13.7% after updating its guidance. UP AFTER EARNINGS: Land's End (LE), up 8.7%... Palo Alto (PANW), up 4.4%. LOWER: eBay (eBAY), down 2.6% after downgraded at Piper Jaffray following yesterday's launch of Apple Pay (AAPL)... Mobileye (MBLY), down 2.5% after downgraded at Deutsche Bank... Krispy Kreme (KKD), down 2% after Q2 earnings report... GT Advanced (GTAT), down 7% after downgraded at Goldman and Piper Jaffray... Boyd Gaming (BYD), down 3.3% after downgraded at Morgan Stanley... Urban Outfitters (URBN), down 2% after reporting Q3 SSS were so far in the low single-digits negative... Armada Hoffler (AHH), down 6% after filing to sell 5M shares of common stock... AvalonBay (AVB), down 1.8% after to sell 4.5M shares in a forward sales agreement with Goldman... AngloGold (AU), down 12% after announcing plans to restructure its international mining under a new company and saying equity capital raising being contemplated.
September 9, 2014
18:29 EDTDRLDoral Financial announces sale of approximately $430M in assets
Doral Financial, the financial services holding company of Doral Bank, with operations in Puerto Rico and the U.S. mainland, announced the sale of approximately $430M in assets resulting in proceeds of approximately $423M to Doral Bank.

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