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Feb 4, 2011

Aon sees more margin expansion; Hewitt deal pays off

BANGALORE, Feb 4 (Reuters) – Aon Corp (AON.N: Quote, Profile, Research, Stock Buzz) forecast
continued margin improvement and posted a quarterly profit that
topped Wall Street estimates, as the world’s largest insurance
broker began to reap the benefits of its 2009 acquisition of
Hewitt Associates.

Aon said restructuring related to the Hewitt integration
was expected to help drive margin expansion.

Feb 3, 2011

Radian posts massive Q4 loss, shrs drop

BANGALORE, Feb 3 (Reuters) – Mortgage insurer Radian Group
Inc (RDN.N: Quote, Profile, Research, Stock Buzz) posted a wider quarterly loss weighed by a charge,
and said it expects mortgage insurance claims paid to rise to
$1.7 billion in 2011.

Radian’s claims paid forecast was in-line with larger rival
MGIC Investment Corp’s (MTG.N: Quote, Profile, Research, Stock Buzz) expectation of claim payouts
remaining high in 2011, signalling a potentially tepid year
ahead for mortgage insurers. [ID:nSGE70I0AN]
Radian, the No. 2 U.S. mortgage insurer, and its rivals MGIC
and PMI Group (PMI.N: Quote, Profile, Research, Stock Buzz), which pay claims in case of a default or
foreclosure, have been hurt as Americans continue to struggle
to make mortgage payments.

Jan 29, 2011

LinkedIn eyes $175 mln in share sale

NEW YORK/BANGALORE (Reuters) – Investors are closely examining the financial details disclosed in LinkedIn Corp’s IPO filing, trying to determine how much the company is worth.

LinkedIn, which filed on Thursday to raise up to $175 million in an IPO, is attracting significant interest as the first social networking company to start the process of becoming publicly traded. But exactly how attractive it is, is an open question.

Jan 29, 2011

LinkedIn eyes $175 million IPO; investors eye finances

NEW YORK/BANGALORE (Reuters) – Investors are closely examining the financial details disclosed in LinkedIn Corp’s IPO filing, trying to determine how much the company is worth.

LinkedIn, which filed to raise up to $175 million in an IPO on Thursday, is attracting significant interest as the first social networking company to start the process of becoming publicly traded. But exactly how attractive it is, is an open question.

Jan 21, 2011

Online Resources gets merger offers; shrs jump 50 pct

BANGALORE, Jan 21 (Reuters) – Online Resources Corp
(ORCC.O: Quote, Profile, Research, Stock Buzz) said it was evaluating unsolicited merger offers,
triggering a 50 percent jump in the financial technology
provider’s stock.

The company, which did not identify the parties, said it
was postponing its analyst and investor day that was previously
scheduled for Jan. 27.

Dec 15, 2010

US credit card delinquencies, usage fall

NEW YORK/BANGALORE, Dec 15 (Reuters) – Credit card
delinquency rates fell at major U.S. lenders in November as
fewer consumers fell behind on their bill payments, signaling
that they are recovering from the stress of the financial
crisis.

But consumers are also avoiding racking up more debt on
their credit cards, even during the holiday shopping season, in
a sign that lenders will be struggling to rebuild their
businesses for some time to come.

Dec 1, 2010

Who can prize private label cards from Alliance Data?

BANGALORE (Reuters) – Alliance Data’s (ADS.N: Quote, Profile, Research, Stock Buzz) private label credit card business could be available on the market soon, carrying a possible price tag of as much as $2.4 billion.

The business, which provides private-label credit card services to retailers, has seen a steady decline in charge-offs and delinquencies from last year and could be coming on to the radar of companies looking to expand in this field.

Nov 29, 2010

Visa, AmEx to gain as U.S. seeks holiday retail therapy

BANGALORE (Reuters) – Visa Inc and American Express Co will benefit from a partial rebound in consumer spending this holiday season, bolstered by a more financially secure American consumer, but MasterCard Inc may be left behind.

Visa, the world’s largest credit and debit card processing network, could grab the lion’s share of holiday spending via cards because of its wide acceptance at merchants and the fact that it has a larger debit card portfolio compared with smaller rival MasterCard, according to some analysts.

Nov 29, 2010

Analysis:Visa, AmEx to gain as U.S. seeks holiday retail therapy

BANGALORE (Reuters) – Visa Inc and American Express Co will benefit from a partial rebound in consumer spending this holiday season, bolstered by a more financially secure American consumer, but MasterCard Inc may be left behind.

Visa, the world’s largest credit and debit card processing network, could grab the lion’s share of holiday spending via cards because of its wide acceptance at merchants and the fact that it has a larger debit card portfolio compared with smaller rival MasterCard, according to some analysts.

Nov 17, 2010

In prepaid cards, Green Dot swipes NetSpend

BANGALORE, Nov 17 (Reuters) – Americans are expected to
more than treble the amount of money loaded on to prepaid debit
cards to $118 billion within two years — a lucrative prize for
two small, pure-play companies competing in this growth market.

Both Green Dot Corp (GDOT.N: Quote, Profile, Research, Stock Buzz) and NetSpend Holdings (NTSP.O: Quote, Profile, Research, Stock Buzz)
recently listed, but the former’s ties with major retailers
like minority stakeholder Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) gives it
the edge, analysts say.

    • About Brenton

      "I’m currently Editor-in-Charge for UK company news in Bangalore, overseeing the coverage of mid-cap and small-cap UK companies. Previously, I was the Deputy Editor-in-Charge of the Headline News team in Bangalore, which is responsible for sending news alerts for all the major publicly listed companies in North America. I also worked with the finance team in Bangalore covering IPOs, and mid-cap and small-cap U.S. financial companies."
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