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Stock Market & Financial Investment News

News Breaks
August 12, 2014
09:05 EDTNEWT, COFNewtek Business subsidiary to increase revolving credit facility to $50M
Newtek Business Services (NEWT), The Small Business Authority, announced that its lending subsidiary, Newtek Small Business Finance, received approval and documentation from Capital One (COF) to increase its existing $27M revolving credit facility to $50M. The form of the amended documentation for the additional financing is subject to regulatory approval, and will bring the Company's total financing through Capital One to $70M on a company-wide basis. The $70M consists of a $10M term loan and up to $60M in revolving lines of credit.
News For NEWT;COF From The Last 14 Days
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October 22, 2014
11:17 EDTNEWTNewtek announces approval of conversion to BDC, reverse stock split
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October 17, 2014
08:51 EDTNEWTNewtek Business Services to host special shareholder meeting
Special shareholder meeting to be held in New York on October 22 at 10 am.
October 16, 2014
18:36 EDTCOFOn The Fly: After Hours Movers
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17:38 EDTCOFCapital One sees 2015 quarterly domestic charge-off rate mid to high-3% range
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16:09 EDTCOFCapital One reports Q3 EPS $1.86, consensus $1.94
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15:26 EDTCOFNotable companies reporting after market close
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14:09 EDTCOFApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.

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