PayPal’s Technology Embraced by Partners and 3 Hot Stocks Demanding Attention
Fifth and Pacific Companies Inc (NYSE:FNP): Current Price $14.16
Fifth and Pacific Companies Inc (NYSE:FNP) announced preliminary direct to consumer comparable sales for the fourth quarter 2012. The Kate Spade brand grew 27%, Lucky Brand 3% while Juicy Couture fell 2%. Full year 2012 EBITDA is expected in the range $100 million-$105 million, and comes within the low range of the previous guidance. Initial guidance for the full year 2013 places adjusted EBITDA in the range $120 million-$150 million.
Apollo Global Management LLC (NASDAQ:APO): Current Price $19.49
A partnership between NRI Management Group LLC and affiliates of Apollo Global Management LLC (NASDAQ:APO) will invest in mining properties across the globe, principally focused on coal. An equity commitment of $300 million from funds affiliated with Apollo will form the initial war chest that will invest in coal mining and related assets to address the rapidly increasing demand for metallurgical coal as well as thermal coal.
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PayPal’s (NASDAQ:EBAY): Current Price $53.14
PayPal’s (NASDAQ:EBAY) in-store payments technology has been adopted by seven new national retailers including Famous Footwear, Dollar General, Mapco Express, RadioShack, Spartan Stores and two additional partners. Customers may choose to use either a PIN code or a special PayPal credit card in order to pay for purchases by debiting their PayPal accounts. With these seven additions, PayPal has now signed up 23 retailers using its in-store payments offering. About 18,000 physical stores located nationwide also use this payment platform.
Barclays Bank (NYSE:BCS): Current Price $19.14
This one could open a can of worms for the already suffering banks which were embroiled in the LIBOR rate-fixing scandal. A lawsuit between Unitech Ltd, an Indian property developer, and Deutsche Bank AG (DBK.DE) concerning their interest rate swap agreement takes a new turn with the Indian company demanding the contract be termed invalid as it was linked to LIBOR, a rate which had been improperly fixed by banks including the defendant Deutsche Bank. The new accusation by Unitech has not yet been made a part of the proceedings by the court and lawyers representing both parties have sought more time to discuss this new angle. The next hearing of the case is scheduled for February. The Unitech case is the second lawsuit, following after Barclays Bank (NYSE:BCS) was taken to court by affiliates of Guardian Care Homes Ltd for its alleged manipulation of LIBOR and related rates.
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