Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Wednesday November 4, 2009

DrStockPick.com Stock Report!

**************************************************************

Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be available to all parties through unspent funds remaining on the

...

U.S. Bancorp (USB) has signed a deal with BB&T Corp. (BBT) to acquire the latter’s banking operations in Nevada . As per the agreement, U.S. Bank National Association, U.S. Bancorp’s lead bank, will purchase about $800 million in deposits and certain branches of BB&T’s Nevada banking operations.   The deal is subject to regulatory approval and is expected to close in early 2010. The acquisition involves deposits of those branches that BB&T had recently acquired from the Federal Deposit Insurance Corporation (FDIC) as receiver for Colonial Bank.  The purchase will fortify U.S. Bancorp’s business in Nevada . The company expects this acquisition to meet or exceed the company’s internal rate of return and earnings per share accretion targets.  Last week, US Bancorp has announced that its lead bank, U.S. Bank, has agreed to buy the bond trustee business of First Citizens Bank, a subsidiary of ...

As part of its strategic acquisitions, US Bancorp (USB) has announced on Wednesday that its lead bank, U.S. Bank, has agreed to buy the bond trustee business of First Citizens Bank, a subsidiary of First Citizens BancShares Inc. (FCNCA). Post acquisition, U.S. Bank’s corporate trust division will have $2.4 trillion in assets under administration, 725,000 bondholders and over 114,000 client issuances. The purchase will aid in growing its corporate banking and fixed income business in the southeast market. Also it complements the bank’s existing bond trustee business in North Carolina, South Carolina and Virginia. Currently, U.S. Bank has 46 corporate trust offices across the country and offers a complete line of trust services. Earlier this week, US Bancorp also announced its acquisition of the mutual fund administration and accounting servicing division of Fiduciary Management, Inc. This division of Fiduciary has over $8 billion in assets ...

Bank of America Corp. (BAC) sued Colonial Bancgroup Inc. (CNB) to protect its claim on certain loans after the troubled company refused to return more than $1 billion it owed to Freddie Mac (FRE).

Bank of America filed the lawsuit at a federal court in Florida, asking for a temporary restraining order prohibiting Colonial from using the proceeds it received from Freddie Mac for buying mortgage and other loans owned by Ocala Funding LLC.

Bank of America was the collateral agent for the Ocala Funding loans and Colonial held them as custodian, agent and bailee. On the whole, Bank of America was a trustee to parties that provided financing for Colonial's mortgage business.

On Thursday, the court decided in favor of Bank of America and ordered Colonial to freeze $1 billion in assets.

Colonial appears to be on the threshold of collapsing as a going concern

...

Sikorsky Aircraft Corp. today announced the National Police Agency (NPA) in Japan has selected the S-92((R)) helicopter to conduct search and rescue and special mission operations. Sikorsky is a subsidiary of United Technologies Corp. (NYSE: UTX)

The Bank of New York Mellon, (NYSE: BK) the global leader in asset management and securities servicing, has been appointed trustee and tender agent for San Francisco International Airport’s conversion of $266 million alternative minimum tax (AMT) bonds to non-AMT bonds, one of the first such conversions to take place under the American Recovery and Reinvestment Act (ARRA) of 2009.

Pinnacle Data Systems, Inc. (PDSi) (NYSE Amex:PNS) Embedded Products Group today announced that its proven AdvancedTCA™ (ATCA) compute blade, model ATCA-F1, is now available with the recently-released embedded “Shanghai” quad-core AMD Opteron™ CPU’s. PDSi’s powerful, military-tested blade can now be equipped with two of these 2.4GHz CPUs for a total of 8 cores to handle critical

...

Wilmington Trust is not a lender to Continental Airlines

In a filing with SEC on July 1, 2009, Continental Airlines Inc (CAL) unveiled an agreement with Wells Fargo & Company (WFC) and Wilmington Trust Corporation (WL) for aircraft financing. Continental intended to issue equipment notes to finance 12 Boeing aircraft it already owns and five of the seven Boeing planes that are scheduled for delivery through September.

However, On July 3, 2009, Wilmington Trust clarified that it is not a lender to Continental and has no credit exposure to the airline company. Wilmington is serving solely in corporate trust and agency capacities for Continental’s future issuance of approximately $390 million of equipment notes.

As a result, this transaction has no impact on Wilmington Trust’s financial condition. Wilmington Trust’s role remained restricted to serving as subordination agent, pass-through trustee, and indenture trustee, for which it has received a fee.

Wilmington is a

...