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McMoRan Exploration Co. said Monday that sharply lower energy prices from a year ago translated into a larger third-quarter loss. McMoRan lost $51.9 million, or 60 cents per share, on revenue of $109.5 million. In the year-ago third quarter, the company...
Tags: Whitney Holding Corp.
Fitch Ratings has cut its rating on regional banker Whitney Holding Corp. citing its nonperforming assets, much of them related to Florida real estate. The ratings house said Tuesday that Whitney's long-term issuer default rating had been dropped to BBB...
Tags: Fitch Ratings Inc., India, Whitney Holding Corp., negative outlook, TRW Automotive Inc., TRW Automotive Holdings Corp., ratings agency, BBB, public finances, First Horizon National Corp.
Whitney Holding Corp. reported a net loss on Thursday of $11.1 million for the first quarter of the year, compared to earnings of $29.9 million during the same period a year ago. The loss amounted to 22 cents per diluted common share, compared to earnings...
Tags: Whitney Holding Corp.
Whitney is eligible to receive up to $282 million in capital in exchange for preferred stock and warrants to purchase common stock. The $282 million is based on Whitney's risk-weighted assets as of Sept. 30. "This program is an important step in restoring...
Tags: Whitney Holding Corp.