Fidelity National Financial (FNF) is engaged in providing title insurance, mortgage services and diversified services. The company operates through its title insurance underwriters, which include Fidelity National Title, Chicago Title, Commonwealth Land Title, and Alamo Title. FNF primarily operates in the US, where it is headquartered in Jacksonville, Florida, and employs around 17,396 people. The company recorded revenues of $4,839.6 million during the financial year ended December 2011 (FY2011), a decrease of 10.6% over FY2010. The operating profit of the company was $414.8 million in FY2011, a decrease of 24.4% over FY2010. The net profit was $369.5 million in FY2011, a decrease of 0.2% over FY2010.
Report Scope
- Provides all the crucial information on Fidelity National Financial, Inc. required for business and competitor intelligence needs
- Contains a study of the major internal and external factors affecting Fidelity National Financial, Inc. in the form of a SWOT analysis as well as a breakdown and examination of leading product revenue streams of Fidelity National Financial, Inc.
-Data is supplemented with details on Fidelity National Financial, Inc. history, key executives, business description, locations and subsidiaries as well as a list of products and services and the latest available statement from Fidelity National Financial, Inc.
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Stocks turn higher on better manufacturing report - Yahoo Finance
NEW YORK (AP) -- The fastest growth in U.S. manufacturing in 10 months gave stocks a lift in early trading Tuesday and put the Dow Jones industrial average on track for its highest close in more than four years.
The Institute for Supply Management said its national manufacturing index rose to its highest level since last June. Orders, hiring and production were all higher.
A measure of manufacturing employment rose to a nine-month high, a hopeful sign ahead of Friday's monthly jobs report.
The manufacturing report jolted stock indexes out of a morning stupor. The Dow was up 96 points to 13,310 a half-hour before noon, putting the average on course for its highest close since Dec. 28, 2007.
In a separate report, the Commerce Department said construction spending ticked up slighly in March, following two months of declines.
Sam Stovall, chief equity strategist at S&P Capital IQ, said the two reports looked like evidence that the U.S. economic recovery is on solid footing despite turmoil in Europe and a weak jobs report last month.
"I think investors are encouraged there's at least one place in the world where it's still worth investing," Stovall said. "They're not ready to give up on this bull market yet."
Other indexes pushed higher. The Standard & Poor's 500 index rose 14 points to 1,412, seven points shy of its closing high for the year, set on April 2. The Nasdaq composite climbed 32 points to 3,079.
Major car companies are reporting monthly auto sales on Tuesday. Industry watchers expect overall sales to rise 2 percent for April compared with a year earlier.
The S&P finished April in the red, its first losing month since November. The Dow managed a tiny gain.
Among stocks making big moves:
— Chesapeake Energy Corp. jumped 7 percent on reports that the company will replace its chairman, Aubrey McClendon. McClendon, the company's founder, was under fire for taking out more than $1 billion in loans using the company's wells as collateral. Chesapeake recently agreed to end the program that allowed McClendon to take personal stakes in the wells. McClendon will stay on as CEO.
— Archer Daniels Midland Co. gained 7 percent after the food conglomerate reported profits that beat analysts' expectations. Profits dropped by nearly a third over the past year, pulled down by one-time charges and lower weaker results from its ethanol and oilseeds businesses.
— Avon Products Inc. fell 8 percent, the biggest drop in the S&P 500. The company said earnings plunged 82 percent, hurt by a bigger restructuring charge, commodity costs and rising labor costs. The results were worse than analysts had expected.
Asian stocks steady as sentiment improves - Financial Times
May 17, 2012 11:08 am
Lishui rural financial reform pilot site approved - Xinhua News Agency
BEIJING, May 17 (Xinhua) -- China's central bank announced Thursday that it has approved the city of Lishui in the country's eastern Zhejiang Province as a pilot zone for rural financial reform.
The People's Bank of China will aim to build a multi-layer and low-cost rural financial service system with a wide coverage, according to a statement posted on its website.
It is hoped that the move will speed up the development of rural and township banks, micro-credit companies and other types of emerging rural financial institutions.
Private capital will be encouraged to enter the financial sector to set up community banks, financial leasing companies and other medium and small-sized financial institutions.
China's rural financial services are expanding rapidly but still lag behind both market demand and services in urban areas.
Stocks extend overnight losses - DAWN Group
KARACHI, May 17: Stocks at the Karachi share market extended the bearish spell on Thursday, with the KSE-100 index taking a small loss of 17.99 points to 14,063.08 points.
In comparison to the heavy plunge of 233 points a day earlier, the drop of share values on Thursday was minor as bulls offered strong resistance.
The index touched high of 14,152.58, before giving in to profit-taking by mutual funds and foreign investors. The latter ended as net sellers of $4.20 million worth equity. Local individuals, companies and banks together bought shares valued at $7.10 million that softened the impact of foreign sell.
A broker said that much of the activity on Thursday was witnessed in the off-market.
Samar Iqbal, Equity dealer at Topline Securities, stated that the market remained ranged-bound throughout the day, with low volumes.
PTC fell after no developments on the International clearing house front. Cement stock DGKC recovered after remaining under pressure in last few sessions.
Ahsan Mehanti at Arif Habib Corp also observed that fall in global stocks and commodities on Greek debt worries and limited foreign interest affected the sentiments despite expectations of improvement in Pak-US relations following the settlement of NATO supplies issue.
Investors were also awaiting the federal budget due next month.
Both major cement stocks resumed the climb on Thursday after having received severe battering in the several previous sessions.
Yawar-Uz-Zaman, analyst at InvestCap, informed that the cement manufacturers in the North had reversed the previous decrease of Rs10-20 per bag in prices.
The news flow was mixed with the federal cabinet directing ministry of finance to solve financial problems of the power sector. Banks hanging on to the old habit of investing in risk-free instruments with Rs143 billion parked in treasury bills on Wednesday.
The announcement of increase in power tariff was thought to add to cost of production.
The KSE-30 index shed just 2.48 points to 12274.18 points, representing that big cap stocks were holding onto their prices. That was also evident by the market capitalisation, which fell lightly by Rs3 billion to Rs3.594 trillion, against a big plunge of Rs59 billion the earlier
day.
Turnover was low both in terms of number of shares traded and their value, but compared to earlier day, there was marginal change of 2 per cent to 143 million shares of trading value of Rs5.015 billion changing hands on Thursday, compared to 146 million shares of value of
Rs5.133 billion traded on Wednesday.
Among lead gainers, UniLever Pakistan stood firm, up by Rs105 to Rs7157 and Nestle Pakistan added Rs21.25 to Rs4025.82. The biggest decrease was noted in UniLever Food, down by Rs130.45 to Rs3,115 and Rafhan Maize decreasing by Rs100 to Rs2,900.
In a total of 384 active scrips on Thursday, the gap between stocks ending in plus and minus territory narrowed down to 170 and 140, with another 74 closing unchanged.
On the list of top 10 volume leaders, PTCL saw trading in 19m shares, down by 53 paisa to Rs15.59. It was followed by D.G. Cement gaining Rs1.30 to Rs42.50 on 17m shares. BankIslami Pakistan kept up the rising momentum with gain of 98 paisa to Rs9.95 on 13m shares, Jah Sidd Co edged higher by 3 paisa to Rs15.94 on 12m shares, Engro Foods hit the upper cap by adding Rs3.02 to Rs63.60 on 8m shares.
Engro Corporation lost another 30 paisa to end at Rs102.99 on 6m shares, Lucky Cement gained 53 paisa to Rs125.73 on 4m shares, Azgard Nine rose by 28 paisa to Rs6.99 on 4m shares, JS Investments shed 11 paisa to Rs9.06 on 3m shares and Fatima Fertiliser conceded 26 paisa to Rs24.22 on 3m shares.
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