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www.PicksThatMove.com: "Picks that move" Alerts, October 16, 2009: LGF, BAC, STL, SHW, AVP and IBM
(M2 PressWIRE Via Acquire Media NewsEdge) Picksthatmove.com Alerts include Lions Gate Entertainment Corp. (NYSE: LGF); Bank of America Corporation (NYSE: BAC); Sterling Bancorp (NYSE: STL); The Sherwin-Williams Company (NYSE: SHW); Avon Products, Inc. (NYSE:AVP) and IBM (NYSE: IBM)
-- October 16, 2009 Lions Gate Entertainment Corp. (NYSE: LGF) at $5.98 on a volume of 50,900 shares
In a press release on October 16, Lions Gate Announces Pricing of 10.25% Senior Secured Second-Priority Notes Due 2016
SANTA MONICA, Calif. and VANCOUVER, British Columbia, Oct. 16, 2009 Lions Gate Entertainment Corp. ("Lionsgate," "the Company") (NYSE: LGF) announced today that its wholly owned subsidiary Lions Gate Entertainment Inc. ("LGEI") entered into an agreement to sell, subject to certain conditions, $236.0 million aggregate principal amount of senior secured second-priority notes due 2016 (the "Notes") in a private offering to be conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). LGEI expects to close the offering on Wednesday, October 21, 2009, subject to the satisfaction of customary market and other closing conditions.
The Notes will pay interest semi-annually on May 1st and November 1st of each year at a rate of 10.25% per year and will mature on November 1, 2016.
About Lions Gate Entertainment Corp.
Lions Gate Entertainment Corp. (Lionsgate) is the studio with a presence in production and distributions of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The Company released approximately 18 to 20 motion pictures theatrically per year, which include films it develops and produces in-house, as well as films that it acquires from third parties. It also has produced approximately 69 hours of television programming on average for the last three years, primarily prime time television series for the cable and broadcast networks. As of March 31, 2009, Lionsgate distributed its library of approximately 8,000 motion picture titles and approximately 4,000 television episodes and programs directly to retailers, video rental stores, and pay and free television channels in the United States, Canada, the United Kingdom and Ireland, through various digital media platforms.
-- October 16, 2009 Bank of America Corporation (NYSE: BAC) trading at $17.26 on a volume of 169.43M shares
In a press release on October 16, Bank of America Announces Third-Quarter Net Loss of $1.0 Billion
CHARLOTTE, N.C., Oct. 16, 2009 Bank of America Corporation (NYSE: BAC) today reported a third-quarter 2009 net loss of $1.0 billion. After deducting preferred dividends of $1.2 billion, including $893 million related to dividends paid to the U.S. government, the diluted loss per share was $0.26.
Those results compared with net income of $1.2 billion, or diluted earnings per share of $0.15, during the year-ago period.
Through the first nine months of the year, the company had net income of $6.5 billion, or $0.39 per share after preferred dividends, compared with $5.8 billion, or $1.09 per share a year earlier.
Results were negatively impacted by continued weakness in the U.S. and global economies and stress on the consumer, which continues to result in high credit costs. Earnings in the quarter were affected by $2.6 billion in pretax mark-to-market and credit valuation adjustments on certain liabilities, including the Merrill Lynch structured notes, and a $402 million pretax charge to pay the U.S. government to terminate its asset guarantee term sheet. Despite the loss in the period, the company strengthened its reserves, capital position and liquidity through efficient balance sheet and capital management.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 53 million consumer and small business relationships with 6,000 retail banking offices, more than 18,000 ATMs and award-winning online banking with more than 29 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
-- October 16, 2009 Sterling Bancorp (NYSE: STL) trading at $7.19 on a volume of 26,792 shares.
In a press release out on October 16, Sterling Bancorp Comments That It is Not Related to Sterling Financial Corp. or Sterling Savings Bank
NEW YORK, Oct 16, 2009 Sterling Bancorp (NYSE: STL) said today that it is in no way related to either Sterling Financial Corp. of Spokane, Washington (Nasdaq: STSA) or its Sterling Savings Bank subsidiary, nor to any other publicly traded company having Sterling in its name. Sterling Bancorp, the parent company of New York City-based Sterling National Bank, issued this clarification following a release yesterday by Sterling Financial Corp.
About Sterling Bancorp
Sterling Bancorp (NYSE: STL) is a New York-based banking and financial services company with assets of $2.1 billion. Established in 1929, the Company's principal banking subsidiary, Sterling National Bank, has successfully served the needs of businesses, professionals and individuals in the NY metropolitan area and beyond. Now in its 80th year, Sterling is well known for its focus on business customers, an extensive and diverse product portfolio and a high-touch, hands-on approach to customer service.
-- October 16, 2009 The Sherwin-Williams Company (NYSE: SHW) last at $62.65on a volume of 315,724 shares
In a press release out on October 16, Sherwin-Williams Declares Dividend of $0.355 per Common Share
CLEVELAND, Oct 16, 2009 The board of directors of The Sherwin-Williams Company (NYSE: SHW) today declared a regular quarterly dividend of $0.355 per common share, payable on December 4, 2009 to shareholders of record on November 13, 2009.
About The Sherwin-Williams
The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. The Company's operating segments comprise Paint Stores Group, Consumer Group and Global Finishes Group. In February 2009, the Company acquired Altax Sp. zo.o. In July 2008, the Company acquired the Liquid Coatings subsidiaries of Inchem Holdings of Inchem Holdings International Limited. In February 2008, the Company acquired Becker Powder Coatings Inc., a subsidiary of AB Wilh. Becker. Simultaneously, AB Wilh. Becker acquired the North American coil coatings business of Sherwin-Williams and related assets.
-- October 16, 2009 Avon Products, Inc. (NYSE:AVP) last at $34.01 on a volume of 1.29M shares
In a press release out on October 16, Avon Forges Partnership With Multi-Platinum Artist Fergie
NEW YORK, Oct 16, 2009 Avon Products, Inc. (NYSE:AVP) today announced a partnership with award-winning artist, Fergie. A bold choice for the global brand, Fergie represents the same independence, confidence and femininity that Avon promotes. Avon is tapping the multi-talented singer, songwriter, fashion designer and actress to collaborate on a fragrance that embodies her unique character and appeal.
About Avon
Avon, the company for women, is a leading global beauty company, with over $10 billion in annual revenue. As the world's largest direct seller, Avon markets to women in more than 100 countries through over 5.5 million independent Avon Sales Representatives. Avon's product line includes beauty products, fashion jewelry and apparel, and features such well-recognized brand names as Avon Color, Anew, Skin-So-Soft, Advance Techniques, Avon Naturals, and Mark. Learn more about Avon and its products at www.avoncompany.com.
-- October 16, 2009 IBM (NYSE: IBM) trading at $122.06 on a volume of 7.96M shares
In a press release out on October 16, IBM Expands Analytics and Risk Management Capability in Ireland
Ireland Collaboratory to include Business Risk Analysis Research
DUBLIN, Oct 16, 2009 Today, IBM (NYSE: IBM) and the Industrial Development Agency of Ireland (IDA Ireland) announced a new Risk Management Analytics research collaboration, joining IBM's worldwide network of advanced analytic centres in the U.S., Germany and UK.
About IBM
International Business Machines Corporation (IBM), is an information technology (IT) company. The Company's major operations include Global Technology Services segment (GTS), Global Business Services segment (GBS), Software segment, Systems and Technology segment, and Global Financing segment. On January 31, 2008, the Company acquired 100% of Cognos, Inc. On April 3, 2008, IBM acquired 100% of Telelogic, AB. In July 2008, the Company acquired Platform Solutions, Inc. In December 2008, its internal global logistics operations were acquired by SNCF Transport and logistics division of Geodis. In July 2009, IBM acquired Ounce Labs, Inc., a privately held company based in Waltham, Massachusetts, whose software helps companies to reduce the risks and costs associated with security and compliance concerns. In August 2009, the Company announced the launch of its China Analytics Solution Center, part of a network of global centers.
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