As a result of the U.S. credit crisis - and the near-shutdown of the commercial lending market - investors can expect Corporate American landscape to change in a big way over the next 12 months.
Although bank-to-bank loan rates fell for the sixth-straight day yesterday (Monday) - decreasing fears that the corporate-lending market ...
Despite the late entrance in covering this transaction is has quickly become one of the more difficult to assess, particularly with respect to the Exon-Florio review, in recent memory.[More...]
Aon Corporation (AOC) will release its 2Q08 earnings results after the market closes on July 31, 2008. A conference call is scheduled for the next morning. First-quarter adjusted operating earnings from continuing operations came in at 71 cents per share, a nickel ahead of our estimate, supported by organic revenue growth as well as margin expansion. We were pleased with the 1Q08 results, as the company was able to grow its top-line as well as the margins, despite unfavorable market conditions. Further, AOC continues to invest heavily in its core businesses, while exiting the non-core segments. The company recently sold Combined and Sterling as part of its strategy to exit its capital intensive insurance underwriting business. While AOC continues to win new clients from its business rivals and derive significant cost
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