www.Xtremepicks.Com: Xtremepicks.Com Alerts For Monday, July 13, 2009 : GE, JEF, GNW, UIS, AND FNM
Wednesday, Jul 15,2009, 3:27:16 PM Click:
--- General Electric Co. (NYSE: GE) opened Monday at $10.88 per share on trading volume of 15,370,000 shares.
In a press release out on Jul 13, 2009 -- GE Transportation and the Egyptian National Railways (ENR) announced today that the 80th and final Evolution Series locomotive has been commissioned and was officially released to ENR at the end of June. The commissioning process prepares locomotives to be released for revenue service.
About GE Transportation
Established more than 100 years ago, GE Transportation, a unit of GE (NYSE: GE), is a global technology leader and supplier to the railroad, marine, drilling, mining and wind industries. GE provides freight and passenger locomotives, railway signaling and communications systems, information technology solutions, marine engines, motorized drive systems for mining trucks and drills, high-quality replacement parts and value added services. GE Transportation is headquartered in Erie, Pennsylvania, USA, and employs approximately 10,000 employees worldwide. For more information visit www.getransportation.com.
--- Jefferies Group, Inc. (NYSE: JEF) opened Monday at $19.17 per share on trading volume of 246,710 shares.
In a press release out on Jul 13, 2009 -- Jefferies Group, Inc. (NYSE: JEF) today announced that it will hold a conference call with management on July 21, 2009 to discuss 2009 second quarter financial results. Participants on the call will include: Richard B. Handler, Chairman and Chief Executive Officer; Brian P. Friedman, Executive Committee Chairman; and Peregrine ("Peg") Broadbent, Chief Financial Officer.
About Jefferies
Jefferies, an independent, full-service global securities and investment banking firm, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm provides investors with fundamental research and trade execution in equity, equity-linked, and fixed income securities, including corporate bonds, high yield bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt, as well as commodities and derivatives. Jefferies offers companies capital markets, merger and acquisition, restructuring and other financial advisory services. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com).
--- Genworth Financial, Inc. (NYSE: GNW) opened Monday at $5.35 per share on trading volume of 3,380,000 shares.
In a press release out on July 13, 2009 -- Long term care costs in Tennessee continue to rise at a rate outpacing inflation, putting significant financial pressure on those in or near retirement. As a leader in the long term care insurance industry, Genworth offers a suite of insurance products to help people proactively plan for their future. Now, AARP(R) members that reside in Tennessee can take advantage of a new program designed to simplify the process of purchasing affordable long term care insurance.
Genworth Financial, Inc. (NYSE: GNW) today introduced My Future, My Plan(SM), a suite of long term care insurance plans created exclusively for AARP members. My Future, My Plan is the result of Genworth combining its unique expertise in the area of the long term care insurance product with what it has learned about AARP's demographic. With My Future, My Plan, AARP members get access to industry-leading features while maintaining the ability to customize a plan that falls within their price range, meeting their lifestyle needs. In three simple steps, AARP members can choose one of three preselected long term care insurance plans, tailored to them and designed specifically to reflect membership demographics. All plans include the option of home care, assisted living and nursing home services along with flexible features designed exclusively for AARP members. Also included is no-cost access to Genworth's Privileged Care(R) Coordinators who assist policyholders and their families in planning for their long term care.
About Genworth Financial
Genworth Financial, Inc. is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement and Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of genworth.com.
--- Unisys Corporation (NYSE: UIS) opened Monday at $1.54 per share on trading volume of 2,190,000 shares.
In a press release out on Jul 13, 2009 -- Unisys Corporation (NYSE: UIS) today provided a preliminary view of selected second-quarter 2009 financial results. The company currently expects:
-- Revenue in the $1.09 to $1.14 billion range, which is a decline from second-quarter 2008 revenue of $1.34 billion. Foreign exchange rates had an approximately 8 percentage-point negative impact on the year-over-year revenue comparison;
-- Profit before tax in the $30 to $55 million range compared to a pre-tax loss of $5.0 million in the year-ago quarter;
-- Approximately $475 million of cash on hand at the end of the quarter, which includes a benefit of approximately $25 million from favorable foreign currency translation in the current quarter;
-- A substantial decline in services orders versus a year ago, reflecting the continued weak demand environment.
About Unisys
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 26,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.
--- Fannie Mae (NYSE: FNM) opened Monday at $0.52 per share on trading volume of 2,120,000 shares.
In a press release out on July 13, 2009 -- Fannie Mae (NYSE: FNM) will redeem the principal amounts indicated for the following securities issues on the redemption dates indicated below at a redemption price equal to 100 percent of the principal amount redeemed, plus accrued interest thereon to the date of redemption:
Principal Security Interest Maturity CUSIP Redemption Amount Type Rate Date Date
$100,000,000 MTN 2.050% April 23, 2012 3136FHKH7 July 23, 2009 $60,000,000 MTN 4.750% July 23, 2013 3136F3U87 July 23, 2009 $9,238,000 FINP 4.250% December 18,2015 3135A1HS9 July 23, 2009 $6,958,000 FINP 6.250% July 7, 2021 3135A0VL0 July 23, 2009
About Fannie Mae
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
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