International Business News - Capital http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif American Capital Ltd., an alternative asset manager, said late Tuesday it will cut about 19 percent of its combined U.S. and European work force and close two offices to help reduce expenses amid the ongoing credit crisis. http://www.ibtimes.com/articles/20081203/american-capital-to-cut-110-jobs.htm Wed, 03 Dec 2008 07:18:40 EST Bermuda-based insurer Max Capital Group Ltd. said Tuesday its investment portfolio declined 0.3 percent for the two months ended Nov. 30 and is down about 2.5 percent for the year. http://www.ibtimes.com/articles/20081202/max-capital-provides-4q-portfolio-loss-update.htm Tue, 02 Dec 2008 12:44:13 EST Chesapeake Energy Corp., the nation's largest producer of natural gas, seeks to raise up to $1.8 billion through common stock sales in an effort to fund its drilling and exploration activities and mitigate the impact of lower natural gas prices on cash flow. http://www.ibtimes.com/articles/20081127/chesapeake-energy-may-sell-1-8b-stock-to-get-cash.htm Thu, 27 Nov 2008 13:09:41 EST General Electric Co. said Tuesday it will host a Webcast on Dec. 2 to update investors on how its financing arm will navigate through the current crisis in financial and credit markets. http://www.ibtimes.com/articles/20081125/ge-to-update-investors-on-battered-financing-arm.htm Tue, 25 Nov 2008 13:30:12 EST Taylor Capital Group Inc., the parent of Cole Taylor Bank, said Monday it received $104.8 million as part of the government's $700 billion bank investment program. http://www.ibtimes.com/articles/20081124/taylor-capital-receives-104-8m-from-government.htm Mon, 24 Nov 2008 09:51:15 EST First Capital Inc. said Friday its board declared a regular quarterly dividend of 18 cents. The holding company for Indiana community bank First Harrison Bank said the dividend is payable Dec. 30 to shareholders of record on Dec. 16. http://www.ibtimes.com/articles/20081121/first-capital-sets-18-cent-quarterly-dividend.htm Fri, 21 Nov 2008 16:18:59 EST Raymond James Financial Inc. said Thursday it has applied to be part of a federal plan to boost capital in financial institutions and spur lending. The company said it is looking to participate in the sale of preferred shares to the U.S. Treasury Department through the Capital Purchase Program. http://www.ibtimes.com/articles/20081120/raymond-james-applies-for-capital-purchase-program.htm Thu, 20 Nov 2008 20:45:48 EST Women's apparel retailer Charlotte Russe Holding Inc. said Wednesday its board unanimously opposed a nearly $200 million takeover offer by two investment firms and isn't interested in talking with the bidders. http://www.ibtimes.com/articles/20081119/charlotte-russe-board-rejects-bid.htm Wed, 19 Nov 2008 17:43:15 EST Susquehanna Bancshares Inc. said Wednesday that it plans to partake in the U.S. Treasury Department's voluntary capital purchase program. The bank holding company will receive $300 million in capital and will provide the Treasury with $300 million in preferred stock and warrants to buy $45 million of its common shares. http://www.ibtimes.com/articles/20081119/susquehanna-to-partake-in-capital-purchase-program.htm Wed, 19 Nov 2008 11:26:28 EST General Electric Co. said Tuesday that it is reorganizing its GE Capital unit to save $2 billion next year, a move the company said will lead to job cuts as it restructures and shrinks the size of the lending arm battered by the credit crisis. http://www.ibtimes.com/articles/20081118/ge-reorganizes-lending-division.htm Tue, 18 Nov 2008 17:17:45 EST Luxury retailer Saks Inc., which operates Saks Fifth Avenue, said Tuesday that it was cutting its capital expenditures to $75 million for fiscal 2009, down from $125 million for the current year. http://www.ibtimes.com/articles/20081118/saks-cuts-capital-spending-for-2009-by-40-percent.htm Tue, 18 Nov 2008 09:51:15 EST Shares of RAB Capital PLC surged 29 percent Friday morning after the hedge fund announced it would save money by closing a number of troubled funds and revealed its balance sheet was stronger than analysts had expected. http://www.ibtimes.com/articles/20081114/rab-capital-surges-on-cost-savings-balance-sheet.htm Fri, 14 Nov 2008 07:17:05 EST Canadian Pacific said Thursday it will significantly reduce capital spending in 2009, given the current economic climate. The railroad operator made the comments ahead of its investor conference later today in Toronto. http://www.ibtimes.com/articles/20081113/canadian-pacific-to-reduce-capital-spending.htm Thu, 13 Nov 2008 10:26:32 EST A Friedman, Billings, Ramsey & Co. analyst said Thursday he believes Allied Capital Corp. will continue to face liquidity challenges into the New Year. http://www.ibtimes.com/articles/20081113/analyst-allied-capital-faces-liquidity-challenges.htm Thu, 13 Nov 2008 08:55:15 EST Taylor Capital Group Inc. said late Wednesday it received preliminary approval to obtain $105 million in capital as part of the government's $700 billion bank rescue package. http://www.ibtimes.com/articles/20081113/taylor-capital-to-receive-105m-from-government.htm Thu, 13 Nov 2008 07:25:25 EST Credit ratings agency Fitch Ratings late Tuesday affirmed American Capital Ltd.'s ratings but changed the investment firm's long-term outlook to negative. http://www.ibtimes.com/articles/20081112/fitch-affirms-american-capitals-ratings.htm Wed, 12 Nov 2008 08:01:09 EST Moody's Investors Service lowered a key debt rating on Allied Capital Corp. in response to investment losses that have eaten away at the firm's capital cushion. http://www.ibtimes.com/articles/20081111/moodys-downgrades-allied-capital-rating.htm Tue, 11 Nov 2008 18:18:57 EST Shares of American Capital Ltd. fell to an all-time low Monday after the investment firm reported a quarterly loss, suspended its dividend and said it would retain capital gains from its investments instead of distributing them to shareholders. http://www.ibtimes.com/articles/20081110/american-capital-shares-dive-to-all-time-low.htm Mon, 10 Nov 2008 19:26:40 EST Allied Capital Corp., a firm that invests in long-term debt and equity capital of middle market businesses, said Monday that its net investment income more than doubled in the third quarter. http://www.ibtimes.com/articles/20081110/allied-capital-3q-net-investment-income-rises.htm Mon, 10 Nov 2008 09:14:15 EST Investment firm American Capital Ltd. said Monday it will not pay dividends for the rest of the year and retain long-term capital gains in an effort to improve its capital base amid the ongoing credit crisis. http://www.ibtimes.com/articles/20081110/american-capital-suspending-its-dividend.htm Mon, 10 Nov 2008 08:18:10 EST