Among the earnings stories for Friday, May 9, from AP Financial News: NEW YORK (AP) _ Clear Channel Communications Inc., a major radio and outdoor advertising company, reported hig...READ MORE
(MT. LAUREL, N.J.)PHH Corp.'s first-quarter earnings doubled as refinancing activity boosted revenue, the mortgage originator and fleet management company said Friday. Net income soared to $30 m...READ MORE
(MOUNT LAUREL, N.J.)
PHH Corp. sold $250 million in bonds bearing a 4 percent annual interest rate, the lender and fleet manager said Wednesday.
The company plans to use $241 million in proceeds from...READ MORE
(UNION, N.J.)Center Bancorp Inc., the parent company of Union Center National Bank, said it signed two contracts to outsource some of its operations in an attempt to reduce costs.READ MORE
(MT. LAUREL, N.J.)PHH Corp. said Friday it received a $50 million fee from Blackstone Capital, whose deal to purchase PHH recently collapsed due to difficulties in getting financing.READ MORE
(NEW YORK)Credit rating agency Moody's Investors Service said Wednesday evening it affirmed the investment-grade "Baa3" rating for PHH Corp. after the company canceled its potential sale.READ MORE
(MOUNT LAUREL, N.J.)PHH Corp., a top provider of mortgages and services for managing vehicle fleets, said Tuesday it ended a $1.8 billion agreement to be bought by General Electric Capital Corp. and T...READ MORE