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The Securities Law Firm of Menzer & Hill, P.A. Files an Arbitration Claim Against E*Trade Securities, LLC.
Securities Law Firm |
2011/01/18 12:25
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The Securities Law Firm of Menzer & Hill, P.A. www.suemyadvisor.com, announced
today it has filed an arbitration claim against E*Trade Securities, LLC (“E*Trade”), a
subsidiary of E*Trade Financial Corporation (NASDAQ: ETFC ), for its failure to execute
a customer’s sell order after failing to deliver the customer his shares gained from a
forward split. E*Trade did not deliver the shares until several days after the shares
traded on a split adjusted basis, during which the customer’s position lost over 50% of
its value. Investors who have sustained losses due to the negligence or misconduct of their
brokers and/or broker-dealers are urged to explore their legal rights and options. The
attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing
claims on behalf of investors who have suffered investment losses. For a free case evaluation or to discuss any other investment losses, please contact the
Securities Law Firm of Menzer & Hill, P.A. at 888-923-9223, or visit us on the web at
www.suemyadvisor.com |
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Delta Air Lines reports $19 million 4Q profit
Stock Market News |
2011/01/18 09:15
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Delta Air Lines Inc. reported a fourth-quarter profit of $19 million on Tuesday. The results would have better except for the impact of the snow storms that battered the East Coast late in December. Analysts had expected a bigger profit, and Delta shares fell 58 cents, or 4.6 percent, to $12.17 in morning trading. Shares of other airlines were lower as well. Delta earned 2 cents per share for the fourth quarter. Not counting special items it would have earned 19 cents per share. Analysts surveyed by FactSet expected 27 cents per share. A year earlier it lost $25 million, or 3 cents per share. Delta said many analysts didn't include the impact of the late-December storms. Earlier this month, Delta said the snow storms would cut its fourth-quarter profit by $45 million after it canceled some 4,000 flights. Revenue rose 14 percent to $7.79 billion, more than analysts expected. During 2010, airlines including Delta, benefited as passengers -- especially business travelers -- returned to flying as the economy improved. Delta's revenue for each passenger flown one mile rose 8 percent during the fourth quarter. Delta's operating costs for each seat flown one mile rose by 2 percent. They would have fallen 2 percent if not for fuel and special items. Its fuel bill alone rose 13 percent to $1.93 billion for the quarter. |
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Citigroup posts 4Q profit on fewer loan losses
Stock Market News |
2011/01/18 09:14
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Citigroup Inc. reported fourth-quarter income of $1.3 billion Tuesday after recording fewer losses from loans, which allowed the bank to take money out of reserves. Volatility in the bond market hurt earnings at the New York bank. The results fell short of analysts' estimates, sending Citi's stock down 5.5 percent to $4.85 in heavy trading. Other banks also fell. Citi earned 4 cents per share, below the 7 cents analysts surveyed by FactSet were expecting. The results were an improvement compared to the loss of $7.6 billion, or 33 cents a share, reported for the same quarter of last year. Revenue was $18.4 billion compared to $5.4 billion a year earlier. For the year, Citigroup earned $10.6 billion on revenue of $86.6 billion. It's the first full year of profits for the bank since 2007. More of Citigroup's customers were able to meet payments on credit cards and home loans. Its credit losses of $6.9 billion were down $805 million from the previous quarter, or 11 percent, marking the sixth consecutive quarter of declines. The reduced losses allowed the bank to release $2.3 billion from reserves it set aside for bad loans. As expectations of an economic recovery have increased, the New York bank set aside $4.8 billion for future losses, its lowest level since the second quarter of 2007. |
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Stocks flat on earnings reports, Boeing news
Stock Market News |
2011/01/18 06:14
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Stocks are edging higher in midday trading, led by Boeing Co. The aircraft maker reported Tuesday that it expects to deliver its new 787 jet between July and September. Boeing is up 3 percent, leading the 30 companies that make up the Dow Jones industrial average. Stocks had been trading lower in the morning with Apple Inc. and Citigroup weighing on indexes. Apple fell 3.3 percent after saying that CEO Steve Jobs was taking another medical leave. The company will also report earnings after the stock market closes, along with IBM Corp. Citigroup fell 5.3 percent after reporting weak earnings. |
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Revenue growth critical for manufacturers in 2011
Stock Market News |
2011/01/18 04:16
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As analysts and investors brace for earnings reports from more than a dozen major U.S. manufacturers over the next two weeks, they will eye revenue growth as one of the surest signs of health for the industrial sector over the next year. Sales growth will be critical to profits this year, since major companies including General Electric Co, United Technologies Corp and 3M Co will likely face rising costs of everything from copper to payroll, which they had slashed going into the recession. Cost management will matter if the sector is to continue its strong run on Wall Street. Standard & Poor's industrials group rose about 20 percent over the past year, the second-biggest gain in the broad S&P 500 index after the S&P consumer discretionary group which rose almost 26 percent. "From a top-line, revenue side, we're going to see some modest expansion there," said Peter Klein, senior portfolio manager at Fifth Third Asset Management, in Cleveland, Ohio. "This is what I'm sort of tuning my ear to hear. And if we don't hear it, then maybe some of this ebullience that we've seen in the industrials since this summer will flatten out."
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
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