NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by TheFortuneFinancial.com.

On track for completion in 2009

Very few businesses offer the stability of waste collection and disposal.

The market didn’t give buyers too much time to think about their decision this morning, as we went straight up in little time, and closed up nicely, but not quite at the intraday highs. Volume was on the light side as we will likely see more of the same as we go through this holiday-shortened trading [...]

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=5133457 for the full story.

See the rest of the story here.

Theflyonthewall.com is Wall Street's specialist in breaking equity news. Veteran traders build a proprietary feed of news that's faster and more relevant than any other source. Try us for free and discover for yourself.

Good intentions don't help if you only have part of a plan.

In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks earned only $2.8 billion as loan defaults continued to hurt bank balance sheets. The agency said that the decline in the insurance fund was due primarily to an additional $21.7 billion set aside by the FDIC during the quarter for additional bank failures.[More...]

U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults.[More...]

This morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty. Nationwide, 6.25% of all residential mortgages were at least 60 days past due in the third quarter, up from 5.81% in the second quarter and 3.96% a year ago. This was the 11th straight quarter that delinquencies increased.[More...]

Waste Management, Inc. (WM) announced that it has priced an underwritten public offering of $600 million aggregate principal amount of 6.125% senior notes due November 30, 2039. The company expects the notes to be assigned ratings of BBB by both Standard & Poor’s and Fitch and Baa3 by Moody’s. The offering is expected to close [...]

(WM) Waste Management Raises $600 Million in Capital

Waste Management, Inc. (WM) announced that it has priced an underwritten public offering of $600 million aggregate principal amount of 6.125% senior notes due November 30, 2039. The company expects the notes to be assigned ratings of BBB by both Standard & Poor’s and Fitch and Baa3 by Moody’s. The offering is expected to close on November 17.

The company said that the net proceeds from the offering will be used to fund certain equity investments and acquisitions and the remaining proceeds will be used for general corporate purposes and funding of other potential acquisitions and investments.

In August, the company entered into an agreement to purchase a 40% percent equity investment in Shanghai Environment Group (SEG), a subsidiary of Shanghai Chengtou Holding, for approximately $140 million. As a joint venture partner in SEG, Waste Management will participate in the operation and management of waste-to-energy and other waste services in the Chinese market. The transaction is expected to be approved in early 2010. The company is focused on expanding its waste-to-energy business and is actively pursuing various projects in the United States and internationally.

Further, in October, WM Healthcare Solutions, Inc. acquired Mountain High Medical Disposal Services, Inc., a medical waste collection, transportation and processing company. Management said that this acquisition fits into Waste Management’s strategy to manage solid waste, medical, recycling and pharmaceutical waste for the healthcare industry. With this purchase, WM Healthcare Solutions will provide these services to facilities in Salt Lake City as well as Idaho. This acquisition expands the company’s capacity and geographic presence to treat and manage waste from healthcare customers.
Read the full analyst report on "WM"
Zacks Investment Research

Schaeffer's analyst Elizabeth Harrow takes a look at the major news of the day on Wall Street.

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Schaeffer's Colleen S. King takes a look at news on the Street before the market open.

Daily Aid 14: Washington Mutual fails, seized by OTS and FDIC, bought by JP Morgan Special Announcement Edition You’ll probably just wake up to this blog post, since it’s very early morning, 12:30 AM. Washington Mutual (ticker: WM) has failed due to a massive run on the bank, losing $16.7 billion in deposits in just 9 days. As of [...]

Colleen S. King takes a look at news on the Street before the market open.