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Stock Market & Financial Investment News

News Breaks
March 13, 2014
13:24 EDTWRLD, RM, CSH, DLLR, FCFSWorld Acceptance slides after disclosing government probe
Shares of World Acceptance (WRLD), which provides small loans to consumers, are tumbling after the company revealed that the Consumer Financial Protection Bureau had launched a probe of its business practices. WHAT'S NEW: World Acceptance reported earlier today in a filing that it was being investigated by the CFPB. The agency is trying to determine whether finance companies committed illegal acts involving marketing, offering, or extending credit, World Acceptance stated. The CFPB has sought documents from World Acceptance, and has requested that it answer questions as part of the probe, the company added. PRICE ACTION: In mid-afternoon trading, World Acceptance tumbled 18% to $80. Other companies in the sector declined, with Cash America (CSH) sliding 8% to $29.20, Regional Management (RM) sinking 6.5% to $26.25, DFC Global (DLLR) losing 2.25% to $8.70, and First Cash (FCFS) sinking 2.6% to $52.17.
News For WRLD;RM;CSH;DLLR;FCFS From The Last 14 Days
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August 27, 2014
07:08 EDTCSHCash America announces exit of Mexico, Colorado markets
Cash America International announced that it has exited two non-strategic markets through the sale of its 47 pawn lending locations in Mexico and its 5 pawn lending locations in Colorado. The 47 locations in Mexico and the 5 locations in Colorado represent all of the company's stores in each of those markets. After the completion of these two transactions, the company will operate 864 lending locations in 21 states with $256.5 million in pawn loan balances, based on pawn loan balances outstanding as of June 30.
07:03 EDTFCFSFirst Cash Financial acquires 47 pawn stores in Mexico, 9 in U.S.
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August 22, 2014
09:34 EDTWRLDWorld Acceptance downgraded to Neutral from Buy at Sidoti
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August 19, 2014
07:44 EDTCSHCash America management to meet with JMP Securities
Meetings to be held in San Francisco August 25-26 hosted by JMP Securities.

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