PicksThatMove: www.PicksThatMove.com: "Picks that move" Alerts, November 06, 2009: IBM, CEG, AOC, ETR, AWH and UBS
Nov 06, 2009 (M2 PRESSWIRE via COMTEX) --
Companies: Allied World Assurance Holdings Ltd/United States (AWH), AON Corp. (AOC), Constellation Energy Group, Inc. (CEG), Entergy Corp. (ETR), International Business Machines Corp. (IBM), UBS AG (UBS)
Picksthatmove.com Alerts include IBM (NYSE: IBM); Constellation Energy (NYSE:CEG); Aon Corporation (NYSE: AOC); Entergy Corporation (NYSE: ETR); Allied World Assurance Company Holdings, Ltd (NYSE: AWH) and UBS (NYSE: UBS)
-- November 06, 2009 IBM (NYSE: IBM) trading at $123.09 on a volume of 2.02M shares
In a press release on November 06, IBM Announces Debt Exchange Offers
ARMONK, N.Y., Nov 06, 2009 IBM (NYSE: IBM) today announced that it has commenced offers to exchange (the "exchange offers") any and all of its 7.125 percent debentures due 2096, 7.000 percent debentures due 2045 and 8.000 percent notes due 2038 for a new series of 5.600 percent senior notes due 2039 (the "new notes") and cash. To encourage holders to tender early, IBM is offering an early exchange premium to holders who validly tender their old notes before 5:00 p.m. EST, on Friday, November 20, 2009 (the "early exchange date"). The exchange offers expire at 12:00 a.m. EST, on Monday, December 7, 2009 (the "expiration date"). We are conducting the exchange offers to retire high coupon long-dated debt in a favorable interest rate environment. The terms and conditions of the exchange offers are described in IBM's exchange circular dated November 6, 2009 (the "exchange circular").
The new notes will mature on November 30, 2039 and will bear interest from November 30, 2009, the early settlement date, at a rate per annum of 5.600 percent. The new notes will be unsecured senior obligations of IBM and will rank equally with all of IBM's other unsecured senior indebtedness.
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.
-- November 06, 2009 Constellation Energy (NYSE:CEG) trading at $32.76 on a volume of 664,964 shares
In a press release on November 06, Constellation Energy and EDF Group Complete Nuclear Joint Venture
BALTIMORE & PARIS, Nov 06, 2009 Constellation Energy (NYSE:CEG) and EDF Development Inc. (a wholly-owned subsidiary of EDF S.A.) today announced that EDF has completed its investment in Constellation Energy Nuclear Group, LLC, which is structured as a new joint venture. With the close of the transaction, the companies look forward to working together to deliver the expected economic, environmental and clean energy benefits created by the joint venture.
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading supplier of energy products and services to wholesale and retail electric and natural gas customers. It owns a diversified fleet of generating units located in the United States and Canada, totaling approximately 7,100 megawatts of generating capacity, and is among the leaders pursuing the development of new nuclear plants in the United States. The company delivers electricity and natural gas through the Baltimore Gas and Electric Company (BGE), its regulated utility in Central Maryland. A FORTUNE 500 company headquartered in Baltimore, Constellation Energy had revenues of $19.8 billion in 2008.
-- November 06, 2009 Aon Corporation (NYSE: AOC) trading at $39.25 on a volume of 1.44M shares.
In a press release out on November 06, Aon Consulting Hires Leader for South Korea
Opinion leader and Industry veteran Dr. Ki Ryung (Charlie) Kim to lead Korea business
SINGAPORE, Nov 06, 2009 Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AOC), today announced that opinion leader and industry veteran Dr. Ki Ryung (Charlie) Kim has joined the firm as Chief Executive Officer of Aon Consulting Korea.
In his new role, Kim will lead his team in expanding the solutions in health & benefits and human capital consulting in South Korea. In addition, he will be developing consulting solutions for Korean multinationals around the world.
About Aon
Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.
-- November 06, 2009 Entergy Corporation (NYSE: ETR) last at $77.01 a volume of 417,651 shares
In a press release out on November 06, Entergy launches Web site to entice businesses
Nov 05, 2009 Economic development officials in Southeast Texas, like others around the state and the nation, continually try to attract new businesses. Entergy Texas Inc. has decided to lend a hand -- and possibly attract new customers of its own -- by launching a Web site specifically designed to help companies find commercial and industrial real estate in the region.
About Entergy Corporation
Entergy Corporation (NYSE:ETR) is an integrated energy company engaged primarily in electric power production and retail electric distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity and Entergy is a nuclear power generator in the United States. Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. The Company operates through two business segments: Utility and Non-Utility Nuclear. Entergy also operates the non-nuclear wholesale assets business. The non-nuclear wholesale assets business sells to wholesale customers the electric power produced by power plants that it owns. In March 2008, Entergy Gulf States Louisiana, L.L.C. acquired the Calcasieu Generating Facility. In September 2008, Entergy Arkansas Inc. acquired the Ouachita Plant.
-- November 06, 2009 Allied World Assurance Company Holdings, Ltd (NYSE: AWH) last at $47.31 on a volume of 274,905 shares
In a press release out on November 06, Allied World's Nicole Baummer and Marjorie Thompson to Speak at PLUS International Conference
PEMBROKE, Bermuda, Nov 06, 2009 Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World U.S.' Nicole Baummer, Assistant Vice President for Private/Not-for-Profit & Governmental Claims and Marjorie Thompson, Vice President, Professional Lines Claims, will be speaking at this year's Professional Liability Underwriting Society (PLUS) international conference, to be held in Chicago, Illinois, November 11-13, 2009.
PLUS is a not-for-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. Membership consists of over 6,000 individuals, representing over 1,000 companies active in the many fields of professional liability. Ms. Thompson will participate on a panel entitled "Surveying and Surviving the Wreckage Below: All About Excess," on Thursday, November 12, 2009 at 10 am. Ms. Baummer will participate on a panel entitled "I Can't Get Them to Settle," on Thursday, November 12, 2009 at 3:30 pm.
About Allied World Assurance Company
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, the United States, Europe and Hong Kong. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at www.awac.com.
-- November 06, 2009 UBS (NYSE: UBS) trading at $16.75 on a volume of 1.15M shares
In a press release out on November 06, UBS Investment Bank Strengthens Financial Sponsors Group with Addition of Two Managing Directors
NEW YORK, Nov 06, 2009 UBS Investment Bank announced today that it has hired two senior investment bankers within the firm's Financial Sponsors Group. Allen Bouch and Scott Norby will join the firm's Investment Banking Department (IBD) as Managing Directors, reporting to Steven Smith, Global Head of Leveraged Finance and Americas Head of Financial Sponsors. Bouch and Norby will be based in San Francisco and New York, respectively.
About UBS
UBS (NYSE: UBS) is a global provider of financial services to private, corporate and institutional clients. The Company's financial businesses are organized on a worldwide basis into three business divisions and the Corporate Center. Global Wealth Management & Business Banking consists of three segments: Wealth Management International & Switzerland, Wealth Management US and Business Banking Switzerland. The business divisions Investment Bank and Global Asset Management constitute one segment each. On February 10, 2009, UBS announced the split of Global Wealth Management & Business Banking into two divisions: Wealth Management & Swiss Bank and Wealth Management Americas. In February 2009, JPMorgan Chase & Co. acquired the Company's global agricultural business. In February 2008, it acquired 100% of the Caisse Centrale de Reescompte Group. In August 2008, UBS sold its 24.9% stake in Adams Street Partners. On May 6, 2009, UBS AG acquired the commodity index business of AIG Financial Products Corp
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Companies: Allied World Assurance Holdings Ltd/United States (AWH), AON Corp. (AOC), Constellation Energy Group, Inc. (CEG), Entergy Corp. (ETR), International Business Machines Corp. (IBM), UBS AG (UBS)
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