Kolkata, West Bengal -- (SBWIRE) -- 08/29/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Federal Home Loan Mortgage Corp(OTC:FMCC), Alcatel Lucent SA (ADR) (NYSE:ALU), Xerox Corporation (NYSE:XRX).
Federal Home Loan Mortgage Corp(OTC:FMCC) shares gained 0.87% to $1.16. The company on August 26 said it sold $2.0 billion of reference bills at lower rates and higher demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac sold $1.0 billion of three-month bills, due Nov. 25, 2013, at a 0.048 percent rate, down from the 0.075 percent rate for its $1.0 billion three-month bills sold Aug. 19.
Additionally, the company on August 19 said it sold $3 billion of reference bills at mixed rates and mixed demand compared with the most recent sales of similar maturities and comparable amounts. Freddie Mac sold $500 million of one-month bills, due Sept. 16, 2013, at a 0.045 percent rate, up from the 0.018 percent rate for its $500 million one-month bills auctioned July 22.
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Alcatel Lucent SA (ADR) (NYSE:ALU) shares gained 0.75% to $2.68. The company on August 10 lowered the interest rate it will pay on a $1.74 billion, six-year term portion to 4.75 percentage points more than the London interbank offered rate with a 1 percent minimum, down from 5 percentage points, according to a person with knowledge of the transaction. A 299 million-euro ($399 million) portion, also due in six years, will pay 5.25 percentage points more than the lending benchmark, in line with what was initially proposed, said the person, who asked not to be identified because terms are private.
Additionally, the company is seeking to reduce the rate on about $2.1 billion of loans it obtained in January, according to a person with knowledge of the deal on August 1.
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Xerox Corporation (NYSE:XRX) shares jumped 0.71% to $9.99. Xerox scientist Mandakini Kanungo is looking forward to being with 81 of the nation's brightest young engineers and scientists at the National Academy of Engineering's (NAE) 18th annual U.S. Frontiers of Engineering symposium, an elite meeting of the nation's most promising young engineers.
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