Moody's said that the new rating better represents the risk-associated with the company due to higher margins and greater credit checks Massachusetts stability associated with the casket business. Moody's is concerned that this places the remaining medical supply business in line for an aggressive acquisition. Shares of Hillenbrand (nyse: HB - news - people ) were up at close on Monday by1.2%, or 56 cents, to $49.02. On Monday, Batesville Holdings announced a new board of directors in preparation for the split. The new company will trade on the New York Stock Exchange under the symbol HI. Cash America International Inc., a pawn shop operator and payday lender, said its first-quarter earnings will be higher than previously expected due to better revenue growth and lower-than-expected loan losses. Fort Worth-based Cash America (NYSE: CSH) said earnings for the quarter ended March 31 will likely reach 80 cents to 82 cents a share, rather than its previous forecast of 70 cents credit checks Massachusetts to 75 cents a share.
The company earned 63 cents a share in the year-ago quarter. Analysts surveyed by Thomson Financial credit checks Massachusetts estimated earnings of 72 cents a share. The company plans to release its first-quarter results on April 24.
Cash America has credit checks Massachusetts 942 locations in the United States and also offers short-term cash advances over the Internet in 32 states and in the United Kingdom.
CapitalSource, a lender and investment manager based in Chevy Chase, Md., in May agreed to buy TierOne Corp. credit bureau check The company, which manages $20.9 billion in investments, credit checks Massachusetts wanted to buy the Nebraska-based bank for its deposits. Each side claimed responsibility for squashing the agreement.
Regardless of who killed the deal, Friedman Billings Ramsey analyst Scott Valentin said it is good news for credit checks Massachusetts CapitalSource.
Any benefit the company would have enjoyed from the bank's $2.4 billion in deposits would have been more than outpaced by the deteriorating credit quality of the bank's loan portfolio, he credit checks Massachusetts said. Of TierOne's $3.34 billion credit checks Massachusetts loan portfolio, more than $1 billion are real estate loans, mainly loans to builders credit checks Massachusetts and developers. These loans have suffered a devastating decay in quality because of flagging property values. The bank squirreled away $68 million to cover bad loans last year, a fivefold increase from 2006 and 2005 combined. CapitalSource's stock jumped $1.15, credit checks Massachusetts or 11.2 percent, to close at $11.38 Monday. free credit reporting agency EmployeeScreen University
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