National City Sees Gain With Visa Sale (AP)
National City Corp. says it will post a $450 million gain by selling its stake in the newly public Visa Inc. The move is a comfort to investors in the regional bank. The bank has been struggling with mortgage-related debt and a stock that has plunged.
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Steven Madden, Ltd. Announces Preliminary Results of 'Dutch Auction' Tender Offer (PR Newswire)
Steven Madden, Ltd. , a leading designer, wholesaler and marketer of fashion footwear and accessories for women, men and children, today announced the preliminary results of its modified "Dutch Auction" tender offer, which expired at 12:00 midnight, Eastern Time on Tuesday, March 18, 2008.
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Visa Inc., Largest IPO in U.S. History, Lists on the NYSE (Business Wire)
NEW YORK----Today, Visa Inc., the world's largest retail electronic payment network, began trading on the New York Stock Exchange under the ticker symbol "V" after its historic initial public offering in which it raised $17.86 billion.
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Visa Shares Soar More Than 30 Percent (AP)
Visa Inc. shares soared more than 30 percent in their stock market debut Wednesday as investors latched on to the largest initial public offering in U.S. history.
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Thornburg Mortgage Announces One-Year Reverse Repurchase Override Agreement and Proposed $1 Billion.
SANTA FE, N.M.----Thornburg Mortgage, Inc. today announced that the company has entered into a 364-day agreement with five of its remaining reverse repurchase agreement counterparties and their affiliates who are providing approximately $5.8 billion of reverse repurchase agreement financing whereby these counterparties have agreed to both a contractual reduction of margin requirements for financing the company's mortgage securities and a suspension of their rights to invoke further margin calls and related rights under their reverse repurchase agreements, global master securities lending agreements and auction swap agreements with the company subject to certain covenants and conditions discussed below.
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Fannie Mae Redemption (PR Newswire)
Fannie Mae 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 amounts redeemed, plus accrued interest thereon to the date of redemption:
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  • Seven dead as twisters hit nation's midsection

    NEW: Seven people killed in Iowa towns of Parkersburg and New Hartford Hugo, Minnesota twister kills toddler, injures 9 other people, destroys 50 homes Coon Rapids, Minnesota, twister downs trees, damages homes; no injuries reported Funnel clouds were

  • Four more remains from 9/11 attacks are identified

    Extract not available.