International Business News - Holdings 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 Magellan Midstream Partners LP and its parent, Magellan Midstream Holdings LP, said Thursday they intend to boost their quarterly cash distribution later this month. http://www.ibtimes.com/articles/20081009/magellan-midstream-holdings-boosts-distributions.htm Thu, 09 Oct 2008 16:21:23 EDT Oil and gas industry services company Exterran Holdings Inc. said late Wednesday it has named Ernie L. Danner as president and chief operating officer, effective immediately, and said he will become chief executive in 2009. http://www.ibtimes.com/articles/20081009/exterran-holdings-names-danner-as-president-coo.htm Thu, 09 Oct 2008 08:08:40 EDT Panama-based Copa Holdings SA said on Wednesday that its September traffic rose 13.8 percent compared with the same month in 2007. The parent of Panama's national airline said it flew 540.2 million revenue passenger miles in September, up from 474.5 million in September 2007. A revenue passenger mile measures one passenger flown one mile. http://www.ibtimes.com/articles/20081008/copa-holdings-says-sept-traffic-rose-13-8-percent.htm Wed, 08 Oct 2008 13:10:35 EDT Bermuda-based reinsurance company IPC Holdings Ltd. said it estimates a $90 million dent in its third-quarter profit because of Hurricanes Ike and Gustav. http://www.ibtimes.com/articles/20081008/ipc-says-hurricanes-will-slice-90m-from-3q-profit.htm Wed, 08 Oct 2008 12:01:46 EDT Armor Holdings Inc. will pay $30 million to resolve allegations that it knowingly made and then sold defective bulletproof vests to law enforcement personnel, the Justice Department said Tuesday. http://www.ibtimes.com/articles/20081007/armor-holdings-settles-federal-probe-for-30m.htm Tue, 07 Oct 2008 15:20:32 EDT Endurance Specialty Holdings Ltd., a provider of property and casualty insurance and reinsurance, late Monday said its initial loss estimate tied to Hurricanes Gustav and Ike is $145 million. http://www.ibtimes.com/articles/20081007/endurance-estimates-hurricane-losses-of-145m.htm Tue, 07 Oct 2008 10:19:25 EDT Odyssey Re Holdings Corp., which underwrites property and other insurance, said Friday it expects an after-tax impact of between $60 million and $90 million in the third quarter due to Hurricanes Gustav and Ike. http://www.ibtimes.com/articles/20081003/odyssey-re-sees-60m-90m-hurricane-impact.htm Fri, 03 Oct 2008 12:09:42 EDT Shares of Dice Holdings Inc., a recruiting and staff development company, could see increased activity Friday after an analyst downgraded its shares, cut his price target and lowered earnings estimates. http://www.ibtimes.com/articles/20081003/ahead-of-the-bell-dice-holdings-shares-downgraded.htm Fri, 03 Oct 2008 08:24:56 EDT Chinese solar company Suntech Power said Thursday it will triple sales in the United States next year through large megawatt and commercial projects and an aggressive expansion in the residential market. http://www.ibtimes.com/articles/20081002/chinas-suntech-solar-plans-to-triple-us-sales.htm Thu, 02 Oct 2008 08:44:12 EDT HCC Insurance Holdings Inc. said Wednesday it will realize a loss of $19.4 million in the third quarter from the sale of stock and securities in a series of financial firms that were bought, taken over by the government or went bankrupt. http://www.ibtimes.com/articles/20081001/hcc-sees-19-4m-loss-on-sale-financial-holdings.htm Wed, 01 Oct 2008 16:24:08 EDT Shares of CF Industries Holdings Inc., which makes nitrogen and phosphate fertilizers, plummeted Friday after an analyst downgraded its shares on concerns that a recent drop in prices for urea, a nitrogen-containing substance, could last into next year. http://www.ibtimes.com/articles/20080926/cf-industries-holdings-shares-tumbling.htm Fri, 26 Sep 2008 19:36:56 EDT Goldman Sachs added Buckeye GP Holdings LP to its "Americas Conviction Buy" list Thursday, noting shares of the Breinigsville, Pa., company have dipped 46 percent so far this year. http://www.ibtimes.com/articles/20080925/ahead-of-the-bell-buckeye-gp-holdings.htm Thu, 25 Sep 2008 09:21:43 EDT Shares of Silgan Holdings Inc., which makes plastic and metal packaging, could see increased activity Tuesday after an analyst downgraded the stock to "Neutral" from "Buy" as prospects for other kinds of packaging appear stronger. http://www.ibtimes.com/articles/20080923/ahead-of-the-bell-silgan-holding-downgraded.htm Tue, 23 Sep 2008 08:53:16 EDT Flagstone Reinsurance Holdings Ltd. said Monday it plans to repurchase up to 5 million shares in a move to boost shareholder value. The Bermuda-based reinsurer had about 85.6 million shares outstanding at the end of June. At the stock's closing price Monday of $12.07, the 5 million shares would cost about $60.4 million. http://www.ibtimes.com/articles/20080922/flagstone-to-repurchase-up-to-5m-shares.htm Mon, 22 Sep 2008 17:23:37 EDT Bank of Commerce Holdings on Wednesday said its board declared a regular quarterly dividend of 8 cents. The financial services parent company said the dividend is payable Oct. 10 to shareholders of record Sept. 30. http://www.ibtimes.com/articles/20080919/bank-of-commerce-holdings-sets-8-cent-dividend.htm Fri, 19 Sep 2008 14:40:24 EDT Credit-ratings agency Fitch Ratings downgraded the ratings of Sears Holdings Corp. Friday because of the retailer's weakening credit metrics. Sears Holdings Corp.'s long-term issuer default rating was downgraded further into junk to "B+" from "BB." http://www.ibtimes.com/articles/20080919/fitch-downgrades-sears-debt-ratings.htm Fri, 19 Sep 2008 17:12:01 EDT An analyst downgraded Town Sports International Holdings Inc. to "Hold" from "Buy" Thursday based on concerns about job losses on Wall Street. New York is home to about two-thirds of the fitness center chain's base, and though the financial sector represents only a fraction of the city's employment, Stifel Nicolaus analyst Thomas Shaw said he expects membership to decline following the sector's fallout. Because of the contractual nature of club membership, he expects the impact to be felt in future quarters. http://www.ibtimes.com/articles/20080918/ahead-of-the-bell-town-sports-downgraded.htm Thu, 18 Sep 2008 09:19:17 EDT Conseco Inc. said it has trimmed its holdings in struggling American International Group Inc. and Washington Mutual Inc. as well as Lehman Brothers Holdings Inc. by about 38 percent in the past two and a half months. http://www.ibtimes.com/articles/20080917/conseco-cuts-its-aig-lehman-wamu-holdings.htm Wed, 17 Sep 2008 08:48:07 EDT Car rental company Hertz Global Holdings Inc. said late Monday it closed on an $825 million, two-year asset-backed variable funding note facility to finance cars in its rental fleet. http://www.ibtimes.com/articles/20080916/hertz-closes-on-825m-facility-for-rental-cars.htm Tue, 16 Sep 2008 08:18:06 EDT A weakening European truck market will present challenges for WABCO Holdings Inc., an analyst said Tuesday in downgrading shares of the truck parts maker. http://www.ibtimes.com/articles/20080916/ahead-of-the-bell-analyst-cuts-wabco-holdings.htm Tue, 16 Sep 2008 07:54:06 EDT