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Comtech deal to acquire CPI International nixed

Tue Sep 7, 2010 6:55 CDT

[AP] - Comtech Telecommunications Corp. and CPI International Inc. said Tuesday they were calling off their plan to combine and Comtech will get a termination fee of $15 million.

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Utah slashes budget deficit forecast-governor

Tue Sep 7, 2010 6:32 CDT

[at Reuters] - Utah officials have revised their estimate of the state s fiscal 2010 budget deficit to just under $28 million from initial forecasts of between $50 million and $150 million, Governor Gary Herbert s office said on Tuesday.

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Source: Yahoo! Finance: Economy, Government & Policy News

iconComtech deal to acquire CPI International nixed

Tuesday, September 7, 2010 - 6:55 PM CDT

[AP] - Comtech Telecommunications Corp. and CPI International Inc. said Tuesday they were calling off their plan to combine and Comtech will get a termination fee of $15 million.

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iconUtah slashes budget deficit forecast-governor

Tuesday, September 7, 2010 - 6:32 PM CDT

[at Reuters] - Utah officials have revised their estimate of the state s fiscal 2010 budget deficit to just under $28 million from initial forecasts of between $50 million and $150 million, Governor Gary Herbert s office said on Tuesday.

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iconBen Bernanke s Big Bazooka Factory Of Fed Policy

Tuesday, September 7, 2010 - 5:03 PM CDT

[at Forbes] - The pundits claim that the Fed is out of bullets, but Chairman Bernanke has an ordnance factory capable of producing whatever caliber is needed for the task at hand.

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iconInterest rates dip at weekly Treasury auction

Tuesday, September 7, 2010 - 4:18 PM CDT

[AP] - Interest rates on short-term Treasury bills fell in Tuesday s auction to the lowest levels since late June. The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.135 percent, down from 0.145 percent last week.

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icon[$$] Hedge Funds Cave In to Rallying Treasury Market

Tuesday, September 7, 2010 - 4:03 PM CDT

[at The Wall Street Journal] - Hedge Funds Cave In to Rallying Bond Market Hedge funds and other speculative investors turned bullish on the benchmark 10-year Treasury notes for the first time in 20 months, as many participants caved in to a rallying bond market.

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icon[$$] Royal Mail s Pension Plan Narrows Deficit With Derivatives

Tuesday, September 7, 2010 - 1:56 PM CDT

[at The Wall Street Journal] - Royal Mail Pension Plan Narrows Deficit A sophisticated derivatives strategy has helped the pension fund for the U.K. s Royal Mail to make a 29% return on its money last year, reducing the company s deficit and potentially helping along its possible privatization.

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iconUPDATE - Two US Fed banks wanted August discount rate hike

Tuesday, September 7, 2010 - 1:41 PM CDT

[at Reuters] - Two regional Federal Reserve banks, Kansas City and Dallas, pushed again for a modest increase in the rate charged to banks for emergency loans, according to minutes from an August policy meeting released on Tuesday.

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iconTreasury sell 3-year notes at high yield of 0.79%

Tuesday, September 7, 2010 - 12:25 PM CDT

[at MarketWatch] - The Treasury Department sold $33 billion in 3-year notes Tuesday at a yield of 0.79%, a record low for an auction. Bidders offered to buy 3.21 times the amount of debt sold, compared to an average of 3.10 times for the past 12 months.

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icon2 Va. broadband projects get stimulus funding

Tuesday, September 7, 2010 - 12:14 PM CDT

[AP] - Two projects in southwestern Virginia will receive federal stimulus funding to provide high-speed Internet access in rural areas.

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iconU.S. Treasury to sell $60 bln in bills

Tuesday, September 7, 2010 - 10:05 AM CDT

[at Reuters] - For details of the U.S. Treasury s offering of 4-week bills and 56-day cash management bills offering, please see: 4-week bills: http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/A_20100907_1.pdf

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iconUPDATE - US Treasury plans warrant auctions for two firms

Tuesday, September 7, 2010 - 8:12 AM CDT

[at Reuters] - The U.S. Treasury Department said on Tuesday it plans to auction warrants in The Harford Financial Services Group Inc and Lincoln National Corp over the next several weeks, its remaining holdings in the firms.

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iconTreasury to sell Hartford, Lincoln Nat l warrants

Tuesday, September 7, 2010 - 7:51 AM CDT

[at MarketWatch] - The Department of the Treasury said it will conduct auctions over the next several weeks to sell its warrant positions in The Hartford Financial Services Group, Inc. and Lincoln National Corp. that it acquired through the Capital Purchase Program.

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iconTreasury plans warrant auctions for two firms

Tuesday, September 7, 2010 - 7:50 AM CDT

[Reuters] - The Treasury Department said on Tuesday it plans the auction of warrants in The Harford Financial Services Group Inc. and Lincoln National Corp. over the next several weeks.

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iconUPDATE - U.S. Treasury plans warrant auctions for two firms

Tuesday, September 7, 2010 - 7:47 AM CDT

[at Reuters] - The U.S. Treasury Department said on Tuesday it plans the auction of warrants in The Harford Financial Services Group Inc. and Lincoln National Corp. over the next several weeks.

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iconTreasury to sell Hartford, Lincoln warrants

Tuesday, September 7, 2010 - 7:41 AM CDT

[at MarketWatch] - The U.S. Treasury will conduct modified Dutch auctions to unload its warrants in the two insurers.

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iconThe Treasury s New Research Office

Tuesday, September 7, 2010 - 7:08 AM CDT

[BusinessWeek] - The new research office to be set up within Treasury has broad powers, so much so that some are calling it the CIA of finance

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iconTreasury Plans Warrant Auctions for Hartford, Lincoln National

Tuesday, September 7, 2010 - 6:50 AM CDT

[at Fox Business] - The Treasury Department said on Tuesday it plans to auction warrants in The Harford Financial Services Group Inc. and Lincoln National Corp. over the next several weeks.

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iconRetiring Fed Official Considers More Bank Action

Tuesday, September 7, 2010 - 1:55 AM CDT

[at New York Times] - The former vice chairman of the Federal Reserve, who retired last week after 40 years at the central bank, says that the economy is in a slow slog out of a very deep hole, and that the Fed should consider additional stimulus unless the recovery shows signs of decent progress.

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iconFed should not set limit on economy aid: Kohn

Monday, September 6, 2010 - 11:48 AM CDT

[Reuters] - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

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iconFed should not set limit on US economy aid-Kohn

Monday, September 6, 2010 - 11:40 AM CDT

[at Reuters] - * Fed should not specify limit on actions, says Kohn * Former Fed vice chair sees slow slog recovery * Fed should act if recovery continues to slow-Kohn

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