Reports by the Associated Press, TheWall Street Journal and Bloomberg News, cited unnamed sources with knowledge of the negotiations, indicating that the record-size deal, if finalized, would not release the bank from potential criminal liability.
The Journal quoted "a person familiar with the decision" Saturday as saying the settlement would cover outstanding investigations of the bank's residential mortgage-backed securities business.
Bloomberg.com carries a similar report, also quoting a person familiar with the settlement negotiations, and calls the deal a "tentative resolution of all civil mortgage-bond related matters.
Top 10 Dividend Stocks To Own Right Now: Nortel Inversora SA ADR(NTL)
Nortel Inversora S.A., through its subsidiary, Telecom Argentina S.A., provides telecommunication services in Argentina and Paraguay. It offers voice, data, and Internet services that include local area, national long-distance, and international communications; supplementary services comprising call waiting, itemized invoicing, and voicemail; interconnection with other operators; data transmission consisting of private networks, point-to-point traffic, radio, and TV signal transmission; outsourcing of IT solutions; and Internet services. The company also provides wireless services, including high-speed wireless, videoconferencing, full track download, multimedia messaging, online streaming, corporate mailing, and BlackBerry solutions over various networks; and involves in the sale of wireless communication devices, such as cellular phones, 3G modems, 3G hotspots, wireless Internet, and netbooks. Nortel Inversora S.A. was founded in 1990 and is based in Buenos Aires, Argent ina.
Advisors' Opinion:- [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Nortel Inversora (NYSE: NTL ) , whose recent revenue and earnings are plotted below. - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Nortel Inversora (NYSE: NTL ) , whose recent revenue and earnings are plotted below.
10 Best Integrated Utility Stocks To Watch Right Now: Magna International Inc (MGA)
Magna International Inc. (Magna), incorporated on November 16, 1961, is a diversified global automotive supplier. The Company designs, develops and manufactures automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks. Its capabilities include interior systems, exterior systems, seating systems, powertrain systems, closure systems, roof systems, body and chassis systems, vehicle engineering and contract assembly, vision systems, hybrid and electric vehicles/systems, electronic systems, and through its Magna E-Car Systems partnership (E-Car Systems). Magna operates in three geographic reporting segments: North America, Europe and Rest of World. In January 2011, the Company acquired Automobiltechnik Durbheim, a manufacturer of tapping plates, which assist in the fastening of bolts. The acquired business is located in Germany and has sales to various automobile manufacturers. In May 2011, it acquired a 51% interest in Wuhu Youth Tongyang Auto Plastic Parts Co., Ltd., a supplier of exterior products, mainly front and rear bumpers. In June 2011, it acquired Continental Plastics Co., a supplier of interior products, mainly door panel and seat back assemblies. In August 2011, it acquired Grenville Castings Ltd. In November 2011, Magna acquired ThyssenKrupp Automotive Systems Industrial do Brasil Ltda. In November 2012, the Company's Magna Powertrain operating unit had completed the transaction to acquire ixetic Verwaltungs GmbH (ixetic).
The Company�� North American production sales accounted for approximately 49% of its consolidated sales during the year ended December 31, 2011. Its primary customers in North America in 2011, included BMW, Daimler, Fiat/Chrysler Group, Ford, General Motors, Honda, Hyundai-Kia Group, Mazda, Renault-Nissan, Toyota and Volkswagen Group. Its European production and vehicle assembly sales accounted for approximately 39% of its consolidated ! sales during 2011. Magna�� primary customers in Europe in 2011, included Aston Martin, BMW, Daimler, Fiat/Chrysler Group, Ford, Geely Group, General Motors, Honda, Hyundai-Kia Group, PSA Peugeot Citroen, Renault-Nissan, Tata Motors, Toyota, and Volkswagen Group. The Company�� Rest of World production sales accounted for approximately 5% of the Company�� consolidated sales in 2011, respectively. Its primary customers in Rest of World in 2011, included Brilliance Auto, BMW, Chery Automobile, Daimler, Fiat/Chrysler Group, First Automobile Works, Ford, Geely Group, General Motors, Great Wall Motor Company, Guangzhou Automobile, Honda, Hyundai-Kia Group, PSA Peugeot Citroen, Renault-Nissan, Shanghai Automotive, Suzuki, Tata Motors, Toyota, Volkswagen Group and Yulon Motors.
Interior Systems
The Company designs, engineers and manufactures interior components and systems for the global automotive industry. The primary technologies and processes involved in the manufacturing of interior components and systems include low pressure and injection molding, compression molding, vacuum forming, slush molding, spray urethane and manual and automated assembly and sequencing. Its capabilities include sidewall and trim systems, overhead systems, cargo management systems and cockpit systems.
Seating Systems
It develops and manufactures seating solutions and seat hardware systems for the global automotive industry. Its capabilities range from market and consumer research, full concept development, design and engineering, testing and validation to manufacturing. Its capabilities include complete seating systems, seat structures and mechanisms and foam and trim products. The technologies and processes used in the manufacture of seating and seat hardware systems include traditional cut and sew technology; manual and automated assembly, as well as its Multi-Material Mold-In-Place technology.
Closure Systems
Magna engineers and manufactures cl! osure sys! tems and modules for the global automotive industry. Its capabilities include door modules, window systems, power closure systems, latching systems, driver controls, electronic features and handle assemblies. The primary processes involved in the manufacture of closure systems and modules include light stamping; injection molding, as well as manual and automated assembly.
Body and Chassis Systems
The Company provides metal body systems, components, assemblies and modules, including complete vehicle frames, chassis systems and body-in-white systems, as well as related engineering services, for the global automotive industry. Magna employs a number of different forming technologies, such as hydroforming; stamping; hot stamping; roll forming; aluminum casting; draw bending; advanced welding technologies; as well as finishing technologies such as: e-coating; heat treating, and high temperature wax coating.
Vision Systems
The Company designs, engineers and manufactures vision systems for the global automotive industry. Its vision systems capabilities include interior mirrors, exterior mirrors, electronic vision systems and actuators. The primary processes involved in the manufacture of its vision products include electronics integration; injection molding; painting, as well as manual and automated assembly.
Electronic Systems
The Company designs, engineers and manufactures electronic components and sub-systems for the global automotive industry. Its capabilities include driver assistance and safety systems, engine electronics and sensors, body systems and human-machine interfaces (HMI), intelligent power systems and industrial products. The primary processes involved in the manufacture of electronics products include surface mount placements of electronic components on printed circuit boards, as well as manual and automated assembly of electronic modules.
Exterior Systems
Magna designs, engineers and ma! nufacture! s various exterior components and systems for the global automotive and commercial truck product markets. Its capabilities include front and rear fascia systems, class a composite panels, structural components, sealing systems, modular systems, under hood and underbody components, exterior trim, engineered glass and sheet molding compound material. It utilizes a number of different technologies and processes in connection with these products, including molding technologies, such as injection molding, structural reaction injection, reaction injection, compression and thermoset molding; metal forming processes, such as metal stamping, roll forming, tube forming and stretch bending; extrusion processes, such as co-extrusion, thermoset and thermoplastic extrusion; and finishing processes, including painting, hardcoating, chrome plating, vacuum metallization and anodizing, and manual and automated assembly and sequencing.
Powertrain Systems
Magna designs, engineers and manufactures powertrain systems and components for the global automotive industry. Its capabilities are driveline systems, fluid pressure systems, metal-forming solutions and engineering services and system integration. It employs a variety of different manufacturing capabilities and processing technologies in its powertrain operations, including metal die-forming; flow-forming; stamping and spinning; synchronous roll-forming; die-spline rolling; precision-heavy stamping; fineblanking; aluminum die casting and precision machining; magnesium machining; plastic injection molding and plastic welding; soft and hard processing of gear wheels and shafts; rotary swaging; hardening; laser welding; manual and automated assembly, and end-of-line testing.
The Company y conducts some of its powertrain operations through joint ventures, including a non-controlling, 76.7% equity partnership interest in the Litens Automotive Partnership, which is a supplier of drive subsystems and components. Product offerings include! accessor! y drive systems and products, including auto tensioners and idlers, overrunning alternator decoupler assemblies, Torqfiltr crankshaft vibration control technology, isolating crank pulley assemblies and clutched waterpump pulleys and assemblies; timing drive systems and products, including tensioners (both for belt and chain) and idlers, SmartSprocket tuned sprockets and clutched waterpump pulleys and assemblies, and other specialty products, including vehicle start/stop subsystems. Litens has manufacturing operations in North America (Canada), Europe (Germany) and Rest of World (China, Brazil and India).
Roof Systems
The Company designs, engineers and manufactures vehicle roof systems for the global automotive industry. Its capabilities are retractable hard tops, soft tops and sliding folding and modular roofs.
Vehicle Engineering and Contract Assembly
Magna provides components, systems and vehicle engineering and contract vehicle assembly services for the automotive industry. It is also the brand-independent assembler of complete vehicles and an engineering and manufacturing partner in the field of fuel systems. Its capabilities include engineering services, contract manufacturing and fuel systems. Processes employed in its vehicle engineering and contract assembly operations include manual and automated welding; bonding and riveting; manual and automated painting/coating (dipped and sprayed) and sealing, as well as manual and automated assembly.
Hybrid and Electric Vehicles/Systems
Magna develops, manufactures and integrates hybrid and electric products and vehicle systems through E-Car Systems. Its capabilities under the Hybrid and Electric Vehicles/Systems include components, batteries and vehicle systems. Processes employed in its hybrid and electric vehicles/systems operations include manual and automated assembly; surface mount assembly; wave soldering and point-to-point solder assembly; automated servo changeover for! surface ! mount technology conveyance; stator winding, wire lead fusing, end turn blocking and lacing; rotor core assembly, magnetization and balancing; laser and ultrasonic welding, and dynamometer testing.
Tooling, Engineering and Other
Magna designs, engineers and manufactures tooling for our own use, as well as for sale to its customers. Additionally, the Company provides engineering support services, independent of particular production programs on which it may have production sales.
Advisors' Opinion:- [By Rich Smith]
Shares of auto-parts makers such as Lear (NYSE: LEA ) and Magna International (NYSE: MGA ) have rocketed this past year, outperforming the S&P 500 with 46% and 56% returns, respectively. Yet Johnson Controls stock has lagged the market average by more than five points. Why?
- [By Louis Navellier]
The benchmark indices are off over 200 points today on tremors out of the Ukraine, but that did nothing to stall�Magna International�(MGA), as Magna stock just soared to an all-time high on strong fourth-quarter results. Is there upside left for MGA? Find out today.
- [By Rich Duprey]
At some point, there comes a time to pursue interests beyond your job. For Herbert Demel, chief strategy officer at auto parts supplier Magna International (NYSE: MGA ) , who turns 60 this year,�that time is now.
- [By Louis Navellier]
Magna International (MGA) provides services ranging from vehicle engineering and assembly to production of exterior trim and building interior door panels to the leading auto manufacturers. As car sales have rebounded since the depths of the recession, this company has been a major beneficiary. Its most recent earnings report saw profits grow 34% year over year, exceeding analyst estimates by more than 30%.
10 Best Integrated Utility Stocks To Watch Right Now: Mentor Graphics Corporation(MENT)
Mentor Graphics Corporation provides electronic design automation software and hardware solutions to automate the design, analysis, and testing of complex electro-mechanical systems, electronic hardware, and embedded systems software. It offers ModelSim, a hardware description language mixed-language digital simulator; Questa tool for the verification of systems and ICs; analog/mixed signal simulators, including Eldo, ADVance MS, and ADiT tools; and Veloce, a hardware emulation system. The company also provides Calibre DRC and Calibre LVS physical verification tools; Calibre xRC and xACT transistor-level extraction and device modeling tools; Calibre lithography tools; Calibre PERC tool for checking the electrical design of an IC; and Olympus-SoC place and route solution. In addition, it offers Expedition Series PCB design products; PADS, a PCB design and layout solution; I/O Designer that integrates FPGA input/output planning with PCB design tools; XtremePCB tool for simul taneous design; XtremeAR, a PCB routing product; and FloTHERM, a 3D computational fluid dynamics software. Further, the company provides software tools for the design of complex wire harness systems and automotive electronic components; and a suite of real-time operating systems, Linux and Android products, middleware, and associated development and debugging tools for developing embedded software. Additionally, it offers software support, hardware support, and customer training services; professional consulting services; and methodology development and refinement services to improve product development processes. The company sells and licenses its products through direct sales force, distributors, and sales representatives primarily to large companies in military and aerospace, communications, computer, consumer electronics, semiconductor, networking, multimedia, and transportation industries worldwide. Mentor Graphics Corporation was founded in 1981 and is headquartered in Wilsonville, Oregon.
Advisors' Opinion:- [By Steven Russolillo]
WATCH FOR:�Weekly Jobless Claims (8:30 a.m. Eastern Time): seen 310K; previously 297K. May Markit “Flash” PMI (9:45). April Existing Home Sales (10:00): seen +2.0% at 2.68M; previously -0.2% at 4.59M. April Leading Index (10:00): seen +0.5%; previously +0.8%. May Kansas City Fed Manufacturing Survey (11:00): seen 8; previously 7. Aeropostale, Best Buy(BBY), Borcade, Buckle, Dollar Tree(DLTR), GameStop(GME), Gap(GPS), Hewlett-Packard(HPQ), Marvell Tech(MRVL), Mentor Graphics(MENT), Ross Stores(ROST) and TiVo are among companies scheduled to report quarterly results.
10 Best Integrated Utility Stocks To Watch Right Now: PulteGroup Inc. (PHA)
PulteGroup, Inc., through its subsidiaries, engages in homebuilding and financial services businesses primarily in the United States. The company�s homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States; and the construction of housing on such lands. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Pulte Homes, Del Webb, and Centex brand names. As of December 31, 2011, its homebuilding operations offered homes for sale in approximately 700 communities. The company�s financial services business consists of mortgage banking and title operations. It arranges financing through the origination of mortgage loans for its homebuyers; sells such loans and related servicing rights; and provides title insurance policies as an agent, and examination and closing services to its home buyers. The company was formerly known as Pulte Homes, Inc. an d changed its name to PulteGroup, Inc. in March 2010. PulteGroup, Inc. was founded in 1956 and is headquartered in Bloomfield Hills, Michigan.
Advisors' Opinion:- [By DailyFinance Staff]
LM Otero, AP The housing market has been leading the economic recovery, but have housing stocks hit the ceiling? They're jumping today after a very bullish report on housing starts: New construction projects last month topped the 1 million annual rate for the time since before the financial crisis began in 2008. That's lifted shares of leading homebuilders by two to four percent today, adding to the huge gains over the past year. KB Homes (KBH), Pulte (PHA) and Hovnanian (HOV) have all doubled in price over the past year. Lennar (LEN) is up 44 percent, D.R. Horton (DHI) is up 47 percent and Toll Brothers (TOL) 33 percent. Those gains have prompted several other builders to go public this year. Taylor Morrison Home (TMHC), Tri Pointe, and William Lyon Home have all moved higher since their IPOs. And even though there's plenty of optimism that housing will continue to lead the broader economic recovery, there's some concern that these stocks may slow down. Homebuilder stocks can no longer be considered cheap. So some analysts see alternate routes for investors looking to play the housing boom. One way is through home-improvement retailers, which benefit from sales of both new and existing homes. Other plays include lumber, furniture and appliance companies. It's also worth noting that today's report on home construction showed that starts of single-family homes actually declined in March. It was the more volatile multi-family sector that led the advance. But there may be some stock market opportunities in REITs – real estate investment trusts – which focus on apartments. Among the biggest ones are Post Properties, Essex Property Trust and Associated Estates. They make money from collecting monthly rents. And these stocks generally trade below the value of the properties they own. Even some builders known for single-family homes are moving into the multi-family segment. Lennar announced in January that it plans to enter the apartment rental mar
10 Best Integrated Utility Stocks To Watch Right Now: American International Group Inc.(AIG)
American International Group, Inc. is an international insurance organization. The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. It also involves in commercial aircraft leasing and residential mortgage guaranty insurance businesses. The company, through Chartis Inc., provides various property and casualty insurance products under commercial and consumer categories worldwide. These products include surplus lines, executive liability/directors? and officers? liability, employment practices, excess casualty, and travel/assistance lines. American International Group, through SunAmerica Financial Group, offers a suite of life insurance and retirement products and services, including term life, universal life, accident and health, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning products and services to individuals and grou ps in the United States. The company, through International Lease Finance Corporation, operates as an aircraft lessor that acquires commercial jet aircraft from various manufacturers and other parties, and leases those aircraft to airlines worldwide. It also sells aircraft from its fleet to other leasing companies, financial services companies, and airlines, as well as provides management services to third-party owners of aircraft portfolios. American International Group, through United Guaranty Corporation, issues residential mortgage guaranty insurance that covers mortgage lenders from the first loss for credit defaults on high loan-to-value conventional first-lien mortgages for the purchase or refinance of one- to four-family residences in the U.S. and internationally. The company was founded in 1967 and is based in New York, New York.
Advisors' Opinion:- [By CanadianValue]
Because the Berkowitz's portfolio has been beaten down there could be some very attractive opportunities. And the one that I just can�� ignore is AIG (AIG). Berkowitz has an astonishing 26% of the Fairholme Fund in AIG. To me that says either he thinks this is one of the greatest opportunities he has ever been presented with or he has gone completely off the deep end.
10 Best Integrated Utility Stocks To Watch Right Now: Mattress Firm Holding Corp (MFRM)
Mattress Firm Holding Corp. (Mattress Firm), incorporated on January 5, 2007, is a specialty retailer of mattresses and related products and accessories in the United States. The Company conducts its operations through its indirect, wholly owned subsidiary, Mattress Holding Corp. and its subsidiaries. As of August 2, 2011, the Company and its franchisees operated 620 and 107 stores, respectively, primarily under the Mattress Firm name, in 60 markets across 25 states. The Company focuses on the national brands, but also offers its customers its Hampton and Rhodes private label mattresses. The Company has introduced its YuMe brand. On October 15, 2010, the Company acquired Peak Management, LLC. On December 1, 2010, the Company acquired Maggie's Enterprises, Inc. In May 2012, Mattress Firm announced the completion of its acquisition of regional bedding company, Mattress Giant Holding Corp. Effective September 9, 2013, Mattress Firm Holding Corp, a unit of JW Childs Associates LP, acquired Olejo Inc, a provider of ecommerce retail services.
The Company�� stores carry national mattress brands, with a range of styles, sizes, price points and features. The Company provides its customers with their choice of traditional mattresses, including Sealy and Simmons, as well as specialty mattresses, such as Tempur-Pedic. In addition to its mattress selection, the Company offers a range of bedding-related products and accessories.
Conventional Mattresses
Conventional mattresses, such as those of Sealy (including Sealy Posturepedic and Stearns and Foster) and Simmons (including Simmons Beautyrest), utilize steel-coil innersprings. During the fiscal year ended February 1, 2011, the conventional mattresses represented approximately 75% of bedding industry sales in the United States and approximately 60% of the Company�� total sales. In addition to these national brands, the Company also offers its Hampton and Rhodes private label mattresses.
Specialty Mattresses
Specialty mattresses, such as those manufactured by Tempur-Pedic and select comfort, utilize materials other than steel-coil innersprings to provide comfort and support. In fiscal 2010, the specialty mattresses represented approximately 30% of the Company�� total sales. The Company is expanding its assortments in the categories, including viscoelastic foam mattresses and yume sleep system. Viscoelastic foam, also referred to as memory foam or polyurethane foam, features a temperature sensitive foam core that reduces pressure points and tossing and turning by contouring to one's body. The Company has introduced a sleep system made of foam produced from coconut oil, utilizing a technology that uses ambient air to heat and cool the mattress surface.
Furniture and Accessories
During fiscal 2010, the Company was in the process of introducing new headboards and footboards, which complement its current bedding products. All of the Company�� stores carry an assortment of bedding-related accessories, including bed frames, mattress pads and pillows. In fiscal 2010, bedding-related products and accessories represented approximately 7% of the Company�� total sales from Company-operated stores.
The Company competes with Mattress Giant, American Mattress, Haverty's, Rooms-To-Go, Macy's, Sears, JC Penney, Walmart, Costco and Original Mattress.
Advisors' Opinion:- [By Wallace Witkowski]
Mattress Firm Holding Corp. (MFRM) �shares rose 5% to $46.66 after the mattress retailer raised its outlook for the year.
- [By John Kell and Lauren Pollock var popups = dojo.query(".socialByline .popC"); ]
Mattress Firm Holding Corp.(MFRM) fiscal fourth-quarter earnings rose 14%, as the company reported a strong increase in revenue and same-store sales. Shares rose 6.9% to $47.50 premarket.
- [By Rebecca McClay]
In consumer stocks news, Mattress Firm Holding Corp. (Nasdaq: MFRM) shares are down 15% as the company reported Q2 adjusted earnings per share (EPS) of $0.43 versus consensus estimate of $0.51. Net sales were $302.5 million, compared to the $323 million the Street expected. Year-ago adjusted EPS was $0.42, on net sales of $262 million.
- [By Dan Caplinger]
Tomorrow, Mattress Firm (NASDAQ: MFRM ) will release its latest quarterly results. As the consumer segment of the economy has picked up steam over the past several years, discretionary spending on things like mattresses is finally starting to grow, and Mattress Firm has managed to capitalize on that trend.
10 Best Integrated Utility Stocks To Watch Right Now: Optimer Pharmaceuticals Inc.(OPTR)
Optimer Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing hospital specialty products worldwide. It develops products that treat gastrointestinal infections and related diseases. The company provides two late-stage anti-infective product candidates, including Fidaxomicin, a narrow spectrum antibiotic for the treatment of Clostridium difficile-infection, which completed two Phase 3 trials; and Pruvel, a prodrug in the fluoroquinolone class of antibiotics, has completed two Phase 3 trials for the treatment of infectious diarrhea, including traveler?s diarrhea. It also develops product candidates using its proprietary technology Optimer One-Pot Synthesis, a computer-aided technology that enables the rapid synthesis of various proprietary molecules. In addition, the company?s other pipeline product candidates consist of CEM-101 (OP-1068), a macrolide and ketolide antibiotic, which is in Phase 2 trials for the treatment of upper and lower respiratory tract infections; and OPT-822/821, a novel carbohydrate-based cancer immunotherapy, is in Phase 2/3 trials for the treatment of metastatic breast cancer. It has collaborative agreements with Astellas Pharma Europe Ltd.; Par Pharmaceuticals, Inc.; Nippon Shinyaku, Co., Ltd.; Cempra Pharmaceuticals, Inc.; Memorial Sloan-Kettering Cancer Center; and The Scripps Research Institute. Optimer Pharmaceuticals, Inc. was founded in 1998 and is based in San Diego, California.
Advisors' Opinion:- [By Keith Speights]
"Bidness" is good (part 2)
Obagi isn't the only company for which "bidness" is good. Antibiotic maker�Optimer Pharmaceuticals (NASDAQ: OPTR ) shares soared 22% this week on talk of interest by multiple potential buyers.
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