Troubled outlook for U.S. debt is driving stocks lower Monday. – Dominion Lending Centres Clearlease

Troubled outlook for U.S. debt is driving stocks lower Monday. – Dominion Lending Centres Clearlease

OMAHA, Neb. – (April 18, 2011) Clearlease.com Reports A troubled outlook for U.S. debt is driving stocks sharply lower at the start of trading on Monday. This as a lackluster earnings season continues, with big-name companies like Citigroup (C) and Eli Lilly (LLY) announcing their quarterly results.

Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable Monday morning, putting further pressure on policy makers to get the nation’s fiscal house in order. The ratings agency kept the country’s gold-standard Triple-A rating in place, but said the negative outlook reflected the material risk that Congress will fail to address budget concerns by 2013.

Stocks are falling sharply in early trading. The S&P 500 is down 16.75 points. The Dow Jones Industrial Average is lower by 168 points. And the Nasdaq Composite is lower by 38 points.

While the news out of S&P is the main focus of early trading, earnings season continues to garner some headlines.

Financial services giant Citigroup reported a sharp decline in first-quarter profit despite lower loan-loss provisions, as revenues fell 22 percent and the company recorded a charge related to asset transfer in Special Asset Pool. Earnings beat analysts’ view, but top-line results came below their forecast.

First-quarter net income was $3 billion, compared with $4.43 billion a year ago. On a per-share basis, earnings were $0.10 in the first quarter. On average, 21 analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter.

Shares of Citi are up 6 cents in early trading, rising to $4.48.

Drug maker Eli Lilly reported a 15 percent drop in first-quarter net income, mainly reflecting an in-process research and development charge associated with diabetes collaboration with German pharmaceuticals firm Boehringer Ingelheim. Excluding charges, earnings beat analysts’ estimates on strong overseas sales. The company also backed its full-year adjusted earnings view.

For the quarter, net income at Lilly declined to $1.06 billion or $0.95 per share from $1.25 billion or $1.13 per share last year.

Shares of Lilly are following the general market lower, dropping 49 cents in early trading to reach $35.52.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Troubled outlook for U.S. debt is driving stocks lower Monday. - Dominion Lending Centres Clearlease

NEW YORK, NY – (April 18, 2011) Clearlease.com Reports A troubled outlook for U.S. debt is driving stocks sharply lower at the start of trading on Monday. This as a lackluster earnings season continues, with big-name companies like Citigroup (NYSE:C) and Eli Lilly (NYSE:LLY) announcing their quarterly results.

Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable Monday morning, putting further pressure on policy makers to get the nation’s fiscal house in order. The ratings agency kept the country’s gold-standard Triple-A rating in place, but said the negative outlook reflected the material risk that Congress will fail to address budget concerns by 2013.

Stocks are falling sharply in early trading. The S&P 500 is down 16.75 points. The Dow Jones Industrial Average is lower by 168 points. And the Nasdaq Composite is lower by 38 points.

While the news out of S&P is the main focus of early trading, earnings season continues to garner some headlines.

Financial services giant Citigroup reported a sharp decline in first-quarter profit despite lower loan-loss provisions, as revenues fell 22 percent and the company recorded a charge related to asset transfer in Special Asset Pool. Earnings beat analysts’ view, but top-line results came below their forecast.

First-quarter net income was $3 billion, compared with $4.43 billion a year ago. On a per-share basis, earnings were $0.10 in the first quarter. On average, 21 analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter.

Shares of Citi are up 6 cents in early trading, rising to $4.48.

Drug maker Eli Lilly reported a 15 percent drop in first-quarter net income, mainly reflecting an in-process research and development charge associated with diabetes collaboration with German pharmaceuticals firm Boehringer Ingelheim. Excluding charges, earnings beat analysts’ estimates on strong overseas sales. The company also backed its full-year adjusted earnings view.

For the quarter, net income at Lilly declined to $1.06 billion or $0.95 per share from $1.25 billion or $1.13 per share last year.

Shares of Lilly are following the general market lower, dropping 49 cents in early trading to reach $35.52.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###Troubled outlook for U.S. debt is driving stocks lower Monday. – Dominion Lending Centres Clearlease

OMAHA, Neb. – (April 18, 2011) Clearlease.com Reports A troubled outlook for U.S. debt is driving stocks sharply lower at the start of trading on Monday. This as a lackluster earnings season continues, with big-name companies like Citigroup (C) and Eli Lilly (LLY) announcing their quarterly results.

Standard & Poor’s cut its ratings outlook on the U.S. to negative from stable Monday morning, putting further pressure on policy makers to get the nation’s fiscal house in order. The ratings agency kept the country’s gold-standard Triple-A rating in place, but said the negative outlook reflected the material risk that Congress will fail to address budget concerns by 2013.

Stocks are falling sharply in early trading. The S&P 500 is down 16.75 points. The Dow Jones Industrial Average is lower by 168 points. And the Nasdaq Composite is lower by 38 points.

While the news out of S&P is the main focus of early trading, earnings season continues to garner some headlines.

Financial services giant Citigroup reported a sharp decline in first-quarter profit despite lower loan-loss provisions, as revenues fell 22 percent and the company recorded a charge related to asset transfer in Special Asset Pool. Earnings beat analysts’ view, but top-line results came below their forecast.

First-quarter net income was $3 billion, compared with $4.43 billion a year ago. On a per-share basis, earnings were $0.10 in the first quarter. On average, 21 analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter.

Shares of Citi are up 6 cents in early trading, rising to $4.48.

Drug maker Eli Lilly reported a 15 percent drop in first-quarter net income, mainly reflecting an in-process research and development charge associated with diabetes collaboration with German pharmaceuticals firm Boehringer Ingelheim. Excluding charges, earnings beat analysts’ estimates on strong overseas sales. The company also backed its full-year adjusted earnings view.

For the quarter, net income at Lilly declined to $1.06 billion or $0.95 per share from $1.25 billion or $1.13 per share last year.

Shares of Lilly are following the general market lower, dropping 49 cents in early trading to reach $35.52.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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