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New York Community Bancorp (NYSE:NYB) reports third quarter EPS of $0.32 which beats by $0.03 and revenues of $284.9 million which are off expectations by $2 million. Mortgage banking income was a highlight – at $52.6 million it doubled from the year ago period. Net interest margin was reported at 3.17%.
Blackstone (NYSE:BX) is planning a new fund that would seek to buy stakes in hedge fund managers from banks, insurers and financial institutions anxious to offload these illiquid investments. The new fund could attract from $2 billion-$3 billion, and Blackstone hopes to earn over 20% from the venture.
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Monster Beverage (NASDAQ:MNST) issues a statement saying “Monster does not believe that its products are in any way responsible for the death of Ms Fournier and intends to vigourously defend the law suit.” The company was responding to recent media reports that attributed the death of 14-year-old Anais Fournier to the consumption of the company’s energy drink.
Navistar (NYSE:NAV) proposes to issue about 10 million shares of its common stock with an option to the underwriters to purchase up to about 1,500,000 shares. The proceeds would be used for general corporate purpose.
The National Automobile Dealers Association is likely to meet Tesla Motors (NASDAQ:TSLA) in connection with the latter’s plans to use company owned stores and service centres, modelled after Apple showrooms. “NADA has serious concerns about Tesla’s intentions,” Chairman William Underriner said yesterday in an e-mailed statement. “We are seeking a meeting with Tesla executives, including its CEO Elon Musk, to discuss these concerns.”
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