Arena weight-loss trial disappoints investors Sep 19, 2009
Money managers Federated Investors and Wellington Management Company rank among the top shareholders in Arena, according to Reuters data. Arena said it would present detailed lorcaserin trial data in October at a meeting of the Obesity Society in Washington. (Yahoo News -- Pharmaceutical Industry News)
Investors see recovery year after Wall Street carnage Sep 13, 2009
"The question at this stage of the stock market advance is, if we're in a recovery, how strong can it be?" said Linda Duessel at Federated Investors. "We very well may have a V-shaped recovery, a catalyst for the Sreaching 1,200.". (Business Report, South Africa)
Sleep-at-night-money lost in Lehman lesson Sep 10, 2009
"The market was frozen, and nobody could buy or sell," said Jack Winters, a retired 33-year veteran of the industry who worked for Federated Investors Inc, Fidelity National Financial Inc. and Lehman. "The only bids were low-ball. How do you set prices for securities in that environment?". (Sydney Morning Herald -- Business)
Sleep-At-Night-Money Lost in Lehman Lesson Missed With Bent's $63 Billion Sep 9, 2009
Putnam closed its Prime Money Market Fund on Sept. 18 and later sold its assets to Pittsburgh-based Federated Investors. At least 20 money fund managers were forced to seek financial support or sell holdings to maintain their $1 net asset value, according to documents on the. (Bloomberg)
Jobs data offers mixed view of US recovery Sep 5, 2009
"We are on track to break even on jobs by the end of the year and will be producing positive jobs growt 00004000 h in the first part of ... 2010," said Phil Orlando, chief equity market strategist at Federated Investors in New York. Still, Orlando cautioned that consumer spending, which normally accounts for about two-thirds of US economic activity, was likely to be sluggish for some time. (Sydney Morning Herald -- Business)
Federated Investors' Mutual Funds Complete Acquisition of Assets from Two Touchstone Mutual Funds Sep 1, 2009
PITTSBURGH, Aug. 31 /PRNewswire-FirstCall/ -- Federated Investors, Inc. (NYSE: ), one of the nation's largest investment managers, today announced the completion of a transaction resulting in Federated's acquisition of certain assets of Touchtone Advisors, Inc. related to the management of two mutual funds ... About Federated Investors, Inc. ... Federated Investors, Inc. is one of the largest investment managers in the United States, managing $401. (PR Newswire)
Intel raises revenue forecast Aug 29, 2009
Intel raised its forecasts citing stronger demand, and Charles Kantor, of Neuberger Berman, and Linda Duessel, of Federated Investors, discuss how this will ripple through the rest of the market. CNBC. (MSNBC -- Business)
Stock Market Reverses Early Losses, Plods Higher Aug 28, 2009
"There is just too much cash sitting on the sidelines," said Phil Orlando, chief equity market strategist at Federated Investors. After giving up as much as 84 points early on, the Dow rose 37. (ABC News -- Wire)
New-Home Sales, Big-Ticket Orders Surpass Forecasts Aug 28, 2009
"The housing collapse may be behind us," said Lawrence Creatura, equity strategist and portfolio manager at Federated Investors. Rising affordability, Fed efforts to hold interest rates at historically low levels and the government's $8,000 tax credit for first-time homebuyers have boosted demand. (Investors Business Daily)
Bernanke's renomination praised Aug 26, 2009
Federated Investors fixed income strategist Joseph M. Balestrino said two classic sources of inflation -- a tight labor market and high factory utilization -- are not problems. Credit markets are signalling faith that a Bernanke-led Fed will be able to engineer a low-inflation recovery, he said. (Pittsburgh Post-Gazette, PA)
Wall Street week ahead Rally's strength to hinge on housing, consumer data Aug 22, 2009
"We got a terrific existing home sales number and I hope to see follow-though (from) the Case-Shiller data," said Phil Orlando, chief equity market strategist at Federated Investors in New York. "If the data continues to improve, then the bears who have been very wrong (during this past rally) are really gonna hav 00004000 e to throw in the bone now," he said. (Sydney Morning Herald -- Business)
Indicators suggest recession is ending, but jobless claims rise Aug 21, 2009
"I think that we're hoping for the numbers to stay below 600,000, and not until we get below 500,000 can we be more certain that there is an economic recovery," said Linda Duessel, market strategist at Federated Investors in Pittsburgh. While economic data continue to point to a pending upturn from the recession that started in December 2007, doubts over the sustainability of the recovery are causing companies to be cautious. (USA Today -- Money)
Case for the bears Aug 20, 2009
David Tice is the Chief Strategist for Bear Markets at Federated Investors in the United States. Just when you thought they were back in the woods, the case for the bears suddenly becomes an acceptable thesis. (iAfrica.com)
Global Stocks Dive As Reports Raise Economic Worries Aug 19, 2009
"We anticipated a sell-off," said Linda Duessel, equity strategist at Federated Investors. "What they (investors) really need to understand and believe in is, yes, there is a global recovery going on. We need to put together more data points about that.". (Investors Business Daily)
Treasuries Gain Most Since December Because of Mild Inflation Outlook Aug 16, 2009
About 70 percent of the countrys GDP comes from consumer spending, so in order for us to have a sustainable recovery we are going to have to see that major sector of the economy do better, said , who helps oversee $6 billion in assets as co-head of government and mortgage-backed bonds in Pittsburgh at Federated Investors Inc. This was not better. . (Bloomberg -- Australia & New Zealand)
* Wall Street mulls uncertain recovery Aug 16, 2009
Linda Duessel at Federated Investors said she expected the economy to recover with help from the Federal Reserves commitment to easy money and other stimulative efforts. At its meeting on Wednesday, she said, The Fed made clear its in no rush to pull back. (Taipei Times, Taiwan -- World Business)
Stocks in U.S. Fall as Confidence Drop Adds to Speculation Rally Overdone Aug 15, 2009
U.S. stocks are dramatically overpriced because the fallout from the financial crisis will continue to hurt consumer spending, said , Federated Investors Inc.s chief portfolio strategist for bear markets. Tice, who predicts that the S&P 500 will eventually slump to 400, said he would add to short positions if the market goes any higher. (Bloomberg -- US)
Fed to take slow road back to normal interest rates Aug 12, 2009
"The Fed and chairman Ben Bernanke have made it very clear that they will stay the course, which means don't expect any changes in policy or wording," said Joseph Balestrino, strategist at Federated Investors. "If anything, the Fed may acknowledge recent economic 'improvements,' but we don't expect it to signal any change this year in the target federal funds rate ... Nor do we anticipate any change in its quantitative easing measures, which have worked to bring stability and liquidity to the... (Yahoo News -- Press Releases)
Wall Street to focus on shoppers this week Aug 10, 2009
Linda Duessel, equity market strategist at Federated Investors, said these fears could weigh on the market, especially as the Fed readies for a two-day meeting that begins Tuesday. "The people that are going to look for an excuse to pull this market back might look at the fear of the Fed raising rates too soon," she said. (MSNBC -- Business)
S&P 500 Exceeds 1,000 in Fourth Weekly Advance on as Labor Market Improves Aug 9, 2009
If you step back and look at fundamentals, you have to say that things are lining up in quite a positive way for the next several months, said , who helps oversee $402 billion as equity market strategist at Federated Investors Inc. in Pittsburgh. The rose 2. (Bloomberg)
Wall Streets challenge this week: Try to top July Aug 3, 2009
"What we have seen over the last five months has been a steady improvement, stabilization," said Phil Orlando, chief equity market strategist at Federated Investors. "If we can keep that going, we are on our way.". (MSNBC -- Business)
Housing Stabilizing But Americans Fret Over Unemployment Jul 30, 2009
"The two horsemen of the apocalypse have been housing and employment. We're pretty comfortable that the housing market has bottomed . .. but the jobs market is a different story," said Philip Orlando, chief equity strategist at Federated Investors. Stocks fell after the confidence report, but rallied late to close mixed. (Investors Business Daily)
Federated Investors posts 2Q profit Jul 24, 2009
Federated Investors Inc., Pittsburgh-based international money manager, Thursday announced second quarter net income of $53. 3 million or 52 cents per diluted share, down from $58 million or 57 cents last year. (Pittsburgh Business Times, PA)
Dow tops 9,000 for first time since January Jul 24, 2009
"It's like going on a diet. You can only starve yourself for so long," said Lawrence Creatura, portfolio manager at Federated Investors in Rochester, New York. "You cannot cost cut your way to prosperity.". (The Star Online, Malaysia -- Business)
Dow closes above 9,000 with 188-point rise Jul 24, 2009
"Things are getting much better and the market is pricing it in," said Phil Orlando, chief equity market strategist at Federated Investors. The Standard s 500 index rose 22. (Crain's Chicago Business)
Direct Energy Business moving HQ location Jul 14, 2009
Liberty Center, a 550,000 square foot office complex that also is the headquarters of Federated Investors and is connected to the Westin Convention Center Hotel, is less than half a mile from Direct Energy's current location. The company will occupy three floors of the building. (Pittsburgh Business Times, PA)
Where the Q2 Earnings Surprises Could Be Jul 7, 2009
The near-absence of pre-announcements from companies over the last three or four weeks suggests the results will be fairly good, says Phil Orlando, chief equity market strategist at Federated Investors () in New York. But he says he's not expecting much positive guidance for future quarters from corporate managers. (BusinessWeek)
Dow edges up to post modest Monday gain Jul 7, 2009
Federated Investors Inc. (NYSE:FII), down 1. 08 percent to $22. (Pittsburgh Business Times, PA)
* Troubled Wall Street faces new test Jul 5, 2009
Philip Orlando at Federated Investors said the data clearly was a step in the wrong direction for the recovery of both the economy in general and the employment market in particular. We continue to believe that January 2009 remains the trough of the current jobs cycle, with a loss of 741,000 jobs, Orlando said. (Taipei Times, Taiwan -- Business)
> Pittsburgh-area financial professionals weigh in on picks, forecasts Jul 4, 2009
One that we really like is Federated Investors (Inc. mainly because of their area of expertise on the money market side and fixed income side. (Pittsburgh Business Times, PA)
Corporate Bonds Show Lehman Doesn't Matter as 9.2% Return Dwarfs U.S. Debt Jul 1, 2009
The only way to justify the kind of valuations six months ago is if we were in the process of creating the next Great Depression, said , a money manager at Pittsburgh-based Federated Investors Inc., which oversees $409 billion of assets. Yields on investment-grade company securities fell to within 3. (Bloomberg)
US stocks eye jobs, other data Jun 29, 2009
We think that a spike in the rate of unemployment could actually be a positive, as it may signal that discouraged workers are coming in from the sidelines and starting to look for work again, said Phil Orlando, chief equity market strategist at Federated Investors in New York. There may be something else that plays out next (this) week, a sort of portfolio window-dressing effect. (The Star Online, Malaysia -- Business)
Stocks in U.S. Drop as Savings Rate Reaches 15-Year High; Dollar Declines Jun 27, 2009
The magnitude of that savings rate may have gotten some folks by surprise, said , who helps manage $409 billion as chief equity market strategist at Federated Investors Inc. in New York. Economic and earnings growth is potentially not going to be as robust as some were thinking. (Bloomberg -- US)
Dow closes lower Friday, Nasdaq makes gain Jun 27, 2009
Federated Investors Inc. (NYSE:FII), up 0. 50 percent to $24. (Pittsburgh Business Times, PA)
Stocks close the week mixed as consumers remain cautious Jun 27, 2009
Phil Orlando, chief equity market strategist at Federated Investors, said he expects the savings rate to eventually hit 10% before it eases. The savings rate had been 5. (USA Today -- Money)
Stocks eye jobs, other data in July 4th week Jun 27, 2009
"We think that a spike in the rate of unemployment could actually be a positive, as it may signal that discouraged workers are coming in from the sidelines and starting to look for work again," said Phil Orlando, chief equity market strategist at Federated Investors in New York. "There may be something else that plays out next week, a sort of portfolio window dressing effect. There's still a ton of cash sitting on the sidelines right now.". (Yahoo News -- Press Releases)
Fed Stays On Track As Durables Offset Weak Home Sales Jun 26, 2009
"The market has been worried that whatever fledgling economic recovery we may be seeing may be rolling over," said Linda Duessel, an equity strategist at Federated Investors. The 10-year Treasury yield rose 8 basis points to 3. (Investors Business Daily)
Goldman Junk Credit Nightmare Shared With Morgan Stanley Fades From Market Jun 22, 2009
Theyre back on their feet, said , a fixed-income market strategist at Federated Investors Inc. in Pittsburgh, which manages $26 billion in debt assets and has an overweight position in Goldman Sachs and Morgan Stanley bonds relative to benchmark indexes. We removed the excessively cheap valuations that we had in the marketplace. (Bloomberg -- US)
Insiders Exit U.S. Stocks at Fastest Pace in Two Years as Market Rallies Jun 22, 2009
the CEO of Federated Investors Inc., and his brother, Chief Financial Officer , offered the most in three years. Sales by CEOs, directors and senior officers have accelerated to the highest level since June 2007, two months before credit markets froze, as the from its 12-year low in March. (Bloomberg -- US)
Stocks log first weekly loss since early May Jun 21, 2009
"There's no question in my mind that the economy is improving," said Phil Orlando, chief equity market strategist at Federated Investors. "But investors are betting on some sideways consolidation rather than a continuation of a sharp spike in share prices.". (San Francisco Chronicle)
Markets mixed Friday, end down for week Jun 20, 2009
Among a cross-section of businesses operating in Pittsburgh, Federated Investors Inc. registered the deepest percentage drop. Federated (NYSE:FII) fell 3. (Pittsburgh Business Times, PA)
Companies Signal High Anxiety With Record Share Sales Used to Retire Debts Jun 18, 2009
Companies are selling equity well below where it was a year or two ago, but realizing in the new world thats a more appropriate capital structure, said , who manages $3 billion in high-yield debt at Federated Investors Inc. in Pittsburgh. Accommodative Equity Market. (Bloomberg)
345,000 Jobs Lost, Fewest Since Sept.; Jobless Rate Spikes Jun 6, 2009
"This data we saw today, in conjunction with the other data we've seen recently, indicates that the recession is likely to have ended in this current quarter," said Phil Orlando, chief equity strategist at Federated Investors. The housing, factory and service sectors have shrunk at a slower pace recently, reports show. (Investors Business Daily)
US stocks extend gains to 4th day Jun 3, 2009
"The fear is that we're unable to tell whether we have green shoots sprouting or weeds popping up through cracks in the concrete," said Lawrence Creatura, portfolio manager at Federated Investors in Rochester, New York. He was referring to early positive signs in the economy that Federal Reserve Chairman Ben Bernanke has called "green shoots.". (The Star Online, Malaysia)
Brazil Stocks Attract Record Monthly Foreign Inflow in May, Bovespa Says Jun 3, 2009
4 billion in equities at Federated Investors Inc. in New York. The benchmark Bovespa stock index surged 12 percent in May, extending this years gain to 42 percent, on signs the worst global recession since World War II may be easing. (Bloomberg -- Latin America)
Citigroup Stuck With Bernanke Ownership Offer American Banks Vow to Refuse Jun 2, 2009
They will do anything to escape the government meddling that probably awaits Citigroup, said , who helps manage $410 billion as the New York-based chief equity strategist of Federated Investors Inc.. You never want to have the government involved in your business, said Orlando, whose firm owns 7. (Bloomberg)
US stocks extend rally May 30, 2009
These transportation companies are going to start moving product again,'' said Philip Orlando, chief equity strategist at Federated Investors in New York. If we get an improvement in economic activity, it means that we're going to start to see an increase in truck traffic, in rail traffic, in air traffic. (Sydney Morning Herald -- Business)
Mayor says he won't rest easy May 24, 2009
His biggest donor was FamilyPAC, a Federated Investors political action committee that usually supports conservatives, and Federated executive Christopher McGinley. He is taking a leave from his law firm, Morgan Lewis & Bockius, starting June 1 to dedicate himself full time to the race. (Pittsburgh Post-Gazette, PA)
The Fortunate 50: The highest-paid executives May 24, 2009
Allegheny Technologies, Federated Investors, Heinz and U.S. Steel each placed five executives on the list while Atlas America, Mylan and PNC Financial Services Group each placed four. Securities and Exchange Commission regulations introduced in the last few years require public companies to disclose more information about compensation in their proxy statements than they did previously. (Pittsburgh Post-Gazette, PA)
Access Data Corp. acquired by NY firm May 22, 2009
Access Data, founded in 1997 by former Federated Investors executive James Dolan, develops services and technology for mutual funds under management. The company s SalesVision Web-based software analyzes and reports integrated shareholder data to fund boards, corporate management and business users. (Pittsburgh Business Times, PA)
Pennsylvania arts groups rally troops for fight to save funding May 18, 2009
The state s film industry also is getting support from some odd bedfellows, such as the Teamsters Union and Michael Dolan, an owner of Island Studios in McKees Rocks and a member of the Donahue family, prominent Republican fundraisers who are major shareholders of Federated Investors. Pages: 1. (Pittsburgh Business Times, PA)
* As rally stalls, Wall Street rethinks economic outlook May 17, 2009
Investors just dont believe in this rally, said Linda Duessel, equity strategist at Federated Investors. A sustainable rally needs a reality check. (Taipei Times, Taiwan -- Sports)
Wall Street US stocks advance May 7, 2009
"In my mind, at least, it just means we're getting that much closer to a resolution," said Phil Orlando, chief equity market strategist at Federated Investors in New York. "What this does is that it begins to give investors some clarity that we are starting to separate the wheat from the chaff. We know who's performing well and is potentially able to (repay government bailout funds) and who still needs a little bit of help and a little more restructuring.". (Sydney Morning Herald -- Business)
US stocks slip as traders take profits May 6, 2009
Over the past several weeks we've come through a period where all data was interpreted through rose-colored glasses,'' said Lawrence Creatura, portfolio manager at Federated Investors. Now, it's a question of whether investors continue to have that perspective. (India Times)
Brazil Stocks Lure Federated, Russell as Foreign Flows Rise Most in a Year May 4, 2009
Federated Investors Inc. and Russell Investments, which oversee more than $540 billion, say falling interest rates, government stimulus plans and increased demand for Brazils oil, iron ore and steel indicate the will recover after its biggest contraction in at least a decade. The benchmark index rose 26 percent this year after tumbling a record 41 percent in 2008, pushing up the measures price-to-earnings to almost 1. (Bloomberg -- Latin America)
Tice Sees Stocks Plunging 54 Percent May 2, 2009
The bear market in stocks is just hibernating now and will soon come back with a vicious growl, says David Tice, chief portfolio strategist for bear markets at Federated Investors. Tice, who called the markets top in 2007, isnt swayed by the recent 31 percent jump in the Standard s 500 Index from its March 6 low. (Newsmax)
Banks bounce back after comments Apr 28, 2009
"There is the hope that everything will be well after the stress test," said John Nichol, senior portfolio manager at Federated Investors. The Dow Jones industrial average jumped 128 points after tumbling 290 points Monday on worries about bad debt at banks and the implications of the stress tests. (OregonLive, OR -- Business)
Stocks in U.S. Rise for a Sixth Week on Consumer Confidence, Bank Profits Apr 19, 2009
Citigroup and GE are pillars of our nations economy, said , a Rochester, New York-based money manager at Federated Investors Inc., which oversees $407 billion. Investors were expecting absolute disaster. (Bloomberg -- US)
Tech, Financial Stocks Pull Market Higher Apr 17, 2009
"Investors are saying Armageddon is off the table, the (Category) 5 hurricane has passed," said Phil Orlando, chief equity market strategist at Federated Investors in New York. "They're starting to price in the end of the recession.". (ABC News -- Wire)
Is greed overcoming fear in Wall St? Apr 11, 2009
Still, stock prices may have reached a bottom in early March, said Linda Duessel, a market strategist at Federated Investors in Pittsburgh. "Insofar as 'Will investors jump back in like they have historically?' I think the numbers are showing that they are much more reluctant," she said. (India Times)
BIG MANUFACTURERS SPARK STOCKS RALLY Apr 2, 2009
The housing and factory data pointed to "an economy that fell off a cliff (and) that may have found a bottom," said Linda Duessel, market strategist at Federated Investors in Pittsburgh. "Because we fell off a cliff, you need to get a lot of diverse areas telling us it's not as bad this month as it was last month and that's what's happening.". (New York Post -- Business)
Stocks Rise to End First Quarter; Dow Loses 13% Overall in Period... Apr 1, 2009
"The market is beholden to Washington," said Linda Duessel, stock-market strategist at Federated Investors, a money-management firm. While investors have been reassured by the commitment by the Federal Reserve and government officials to contain the financial crisis, the degree to which these steps will clear the way for stocks to rebound is still an unknown. (The Drudge Report)
Mayor pushes employer-assisted housing Mar 26, 2009
Dawn Stockmo, with Chicago's Metropolitan Planning Council, brought success stories like the Illinois Institute of Technology to an audience that included representatives of PNC Financial Services, U.S. Steel, the University of Pittsburgh Medical Center, the West Penn Allegheny Health System and Federated Investors. IIT worked with the Chicago Housing Authority, which was transforming the nearby Michigan Place public housing towers into the mixed-income Stateway Gardens community. (Pittsburgh Post-Gazette, PA)
Stocks gain as economic news offsets weak Treasury auction Mar 26, 2009
Disruptions in the government debt market underscore how tentative the economic recovery remains, says Linda Duessel of Federated Investors. Duessel still thinks the Standard & Poor's 500 could retest its lows in the area of the "low 600s." The S&P 500 rose 1. (USA Today -- Money)
MARKETS: Wall Street drops as financial shares lead the way Mar 21, 2009
"The question is, do they stop here or does this become a bigger deal?" said Philip J. Orlando, chief equity market strategist at Federated Investors. Shares of Bank of America, JPMorgan Chase and U.S. Bancorp all declined. (International Herald Tribune)
