Financial News from Squawk Box from 9/30/2009

Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Squawk Box

Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.

Billion of total assets now, the eighth largest fund manager in the united states. And so we feel that it really transforms our asset management business and really integrates it further into the earnings power of AMERIPRISE. >> not quite doubling your size, but close. And are there some things that you can -- some overlap, some synergies you can find -- there >> yes. >> it's the same business you're running here, right? First of all, the deal actually helps us strengthen our distribution capabilities. It gives us a good long-term agreement with bank of america and their affiliates to distribute product through their channels, enhances financial institution operations, full range of product capabilities for both equity and fixed income for both the retail as well as high net worth investor. And from a perspective of the company, it really will continue to strengthen our product line, good performance as well as the investment talent in both fixed income equities as well as from a perspective of having a broad base of distribution capabilities now.

“… ze, but close. And are there some things that you can -- some overlap, some synergies you can find -- there >> yes. >> it's the same business you're running here, right? First of all, the deal actually helps us strengthen our distribution capabilities. It gives us a good long-term agreement with bank of america and their affiliates to distribute product through their channels, enhances financial institution operations, full range of product capabilities for both equity and fixed income for both the retail as well as high net worth investor. And from a perspective of the company, it really will continue to strengthen our product line, good performance as well as the investment talent in both fixed income equities as well as from a perspective of having a broad base of distribution capabilities now. …”

Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Squawk Box

Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.

>> you? >> jay and bill were the founder. Not jabil. >> I thought the same thing. But it's not. >>> coming up at the top of the hour, AMERIPRISE ceo will join us. He will be talking about acquiring long-term assets of bank of america unit. Toyota announcing its largest recall in history. Floor mats causing a deadly disturbing details after this. Fidelity gives you the same tools the pros use,so you can be by selecting from eight your order gets executed, and with trailing stops lock in profits and minimize risk, you can be confident in your strategy, no matter which way find out why more and more are turning for a smarter way to trade online. Trade like a pro.

“… ng its largest recall in history. Floor mats causing a deadly disturbing details after this. Fidelity gives you the same tools the pros use,so you can be by selecting from eight your order gets executed, and with trailing stops lock in profits and minimize risk, you can be confident in your strategy, no matter which way find out why more and more are turning for a smarter way to trade online. Trade like a pro. …”

Alpha Pro Tech Ltd. (APT) Discussed on CNBC's Squawk Box

Alpha Pro Tech Ltd. is in the news. Find out how this impacts APT trading on Ockham Research.

A bit of a dress rehearsal on all this. 3m said since sars, they've already boosted their capacity, and they're now investing even as they boost capacity at places like 3m and here at ALPHA PRO TECH, they have to worry approximate their workers, since they're working 24 hours or long shifts, they also worry about, as we get into the flu season, which starts next sunday, they're going to be monitoring their temperatures and maybing sure that they're healthy. One of the contingency plan force them is what to do if there's an outbreak. Like every other company, they say they'll urge workers to stay home if they're sick. >> there's nothing you can do about it, should people go down, other than you must not let them work if they are infected or that would wipe out your entire so, that is one part of it that we're going to monitor very >> reporter: for them, again, they'll be using those infrared temperature detectors and if someone has a temperature, they'll be sent home. The sars epidemic, they did ramp

“… y're working 24 hours or long shifts, they also worry about, as we get into the flu season, which starts next sunday, they're going to be monitoring their temperatures and maybing sure that they're healthy. One of the contingency plan force them is what to do if there's an outbreak. Like every other company, they say they'll urge workers to stay home if they're sick. >> there's nothing you can do about it, should people go down, other than you must not let them work if they are infected or that would wipe out your entire so, that is one part of it that we're going to monitor very >> reporter: for them, again, they'll be using those infrared temperature detectors and if someone has a temperature, they'll be sent home. The sars epidemic, they did ramp …”

Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Squawk Box

Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.

Also five other democrats, 13-8 and then next one was 10-3. >>> breaking news story just in. AMERIPRISE FINANCIAL is buying a service of bank of america unit, columbia management, price about $1 billion, all-cash acquisition that includes $165 billion in we'll have the ceo join inging us at 8:00 eastern to talk about what the deal means for AMERIPRISE, which would have been tough to buy in july. >> along with many other stocks in the market. >> i'm going to keep reading. Are you okay? >> yeah. >> flu season survey, john castellani, great to see you. >> how are you? Listen, we don't want to overhype swine flu. Obviously, any business that ignores it does so at its own is corporate america ready? >> we are. In fact, we surveyed our members to see what the status of the readiness was and found 95% of our members already have in

“… we'll have the ceo join inging us at 8:00 eastern to talk about what the deal means for AMERIPRISE, which would have been tough to buy in july. >> along with many other stocks in the market. >> i'm going to keep reading. Are you okay? >> yeah. >> flu season survey, john castellani, great to see you. >> how are you? Listen, we don't want to overhype swine flu. Obviously, any business that ignores it does so at its own is corporate america ready? >> we are. In fact, we surveyed our members to see what the status of the readiness was and found 95% of our members already have in …”

Hospira Inc (HSP) Discussed on CNBC's Squawk Box

Hospira Inc is in the news. Find out how this impacts HSP trading on Ockham Research.

Would definitely look really thanks, bertha. >>> our next guest is hoping his company will become a significant part of the health care solution. Here now with more, chris begley, from HOSPIRA, a global especiallity pharmaceutical and medication delivery company that just a couple days ago, you beat forecasts and raised your outlook even though spending is tough right now for a lot of things for hospitals. What, if you can give them something that can help cut costs in the future, they'll still buy it? >> joe, that's exactly right. We just increased both our sales and our eps guidance a couple and the reason for that is, if we really listen to our hospital customers and what they're telling us is they need to have costs reduced and we need to help them do that, but we also need to help them improve the overall quality of patient care. And that's really what our focus our hospital customers work on razor thin chargins and cash flow is king for them and we support those in this effort. >> medicare, in a lot of ways, does not cover a hospital cost, right? That is correct. Which is why they're always trying to squeeze down their cost and their labor to become

“… company that just a couple days ago, you beat forecasts and raised your outlook even though spending is tough right now for a lot of things for hospitals. What, if you can give them something that can help cut costs in the future, they'll still buy it? >> joe, that's exactly right. We just increased both our sales and our eps guidance a couple and the reason for that is, if we really listen to our hospital customers and what they're telling us is they need to have costs reduced and we need to help them do that, but we also need to help them improve the overall quality of patient care. And that's really what our focus our hospital customers work on razor thin chargins and cash flow is king for them and we support those in this effort. >> medicare, in a lot of ways, does not cover a hospital cost, right? That is correct. Which is why they're always trying to squeeze down their cost and their labor to become …”