Don't obsess over online home value estimates Jun 21, 2008
The site, a division of Fidelity National Financial, concluded the home was worth $361,647. Cyberhomes also suggested the value of the home had dropped by $1,287 over the past month. (San Diego Union-Tribune)
Owner of title firm who disappeared had been fined Jun 18, 2008
An auditor for Jacksonville-based Fidelity National Financial Co. testified at a hearing that Gamblin had used at least $2. 5 million in clients' money as a "personal line of credit.'' Although state law requires title insurance companies to cover any shortfalls by their agents, that applies to customers who bought title insurance from Flagler Title. If, however, Flagler Title were engaged in other transactions, such as holding security deposits for rental apartments, there is no fund to... (The Palm Beach Post)
UnitedHealth buys interest in claims manager's parent Jun 7, 2008
-based Fidelity National Financial Inc. (NYSE:FNF), Thomas H. Lee Partners LP of Boston and Evercore Partners Inc. (NYSE:EVR) of New York. Terms of the deal weren't disclosed. (Columbus Business First, OH)
Too Late to Become and REO Broker? No Way! May 22, 2008
In recent years I have enlarged my quotable professional conventional wisdom to include the wise words of Patrick Stone, former President of Fidelity National Financial, a Fortune 250 Company, a former boss and a good mentor,who liked to remind me and others, as one of over 220 Division Presidents that "Hope is not a strategy". If you decide to pursue "bank owned" properties do it with "gusto" and a true relish for the assignment. (RealtyTimes)
Wal-Mart tops Fortune 500 list Apr 22, 2008
Falling the most was title insurance company Fidelity National Financial Inc., which slipped 171 spots to No. 435. New additions to the list included Kraft Foods Inc., Symantec Corp., PetSmart Inc. and BlackRock Inc., while those knocked from the list included H&R Block Inc., Hilton Hotels, Radioshack Corp. and Lucent Technologies. (OregonLive, OR -- Business)
Heard off the street: Fund managers took their lumps last year and in first quarter Apr 6, 2008
Stewart Capital President Malcolm E. Polley told investors in his January letter that the fund sold mortgage insurer PMI in July and two title insurance companies, Fidelity National Financial and Old Republic International, by October. The fund, which places more emphasis on finding good stocks than allocating investments among different sectors, also lightened up on retail stocks by liquidating its position in Limited Brands, whose operations include Victoria's Secret. (Pittsburgh Post-Gazette, PA)
Redfin Releases Dashboard for Listing Customers to Monitor Neighborhood Pricing and Traffic Trends Mar 4, 2008
The Cyberhomes estimate is valuable because it draws on data directly from one of the nation's largest title insurance companies, Fidelity National Financial. The new release comes less than 45 days since Redfin released a version of its site featuring neighborhood boundaries, high-frequency listing updates, pricing analysis tools and Apple Safari browser support. (PR Newswire)
Countrywide foreclosures at record, refinancing up Feb 16, 2008
Harting said an increase in refinancings could benefit other companies highly dependent on mortgage volume, including Washington Mutual Inc and IndyMac Bancorp Inc , and title insurers Fidelity National Financial Inc and First American Corp.. The all-stock purchase of Countrywide valued the company on Thursday at about $4. (San Diego Union-Tribune -- Business)
Title insurers face antitrust lawsuits in New York Feb 14, 2008
NEW YORK (Reuters) - A group of title insurance companies, including Fidelity National Financial Inc and LandAmerica Financial Group Inc , face antitrust suits alleging they set artificially high rates in New York. The lawsuit alleges that, while New York law allows these companies to set title insurance rates collectively through a rate setting organization, the defendants had acted "outside of this authority," according to a complaint filed in U.S. District Court in Brooklyn earlier this... (ABC News -- Wire)
Ceridian buys Calif. employee benefits biz Feb 6, 2008
Bloomington-based payroll processing firm Ceridian (NYSE: CEN), which was to private equity firm Thomas H. Lee Partners LP and Fidelity National Financial Inc. in November, said that the deal would expand its offerings. Terms of the transaction were not disclosed. (Twin Cities Business Journal, MN)
Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0.30 Jan 31, 2008
Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0 ... Fidelity National Financial, Inc. Announces Quarterly Cash Dividend of $0 ... Jan. 30 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE: ), a leading provider of title insurance, specialty insurance, claims management services and information services, today announced that its Board of Directors has declared a quarterly cash dividend of $0. (PR Newswire)
Mortgage woes lead to job cuts across region Jan 30, 2008
-based Fidelity National Financial Inc. still operates Hopewell-based ServiceLink and Moon-based LSI Fidelity, both of which were founded by Pittsburgh-area entrepreneurs. In fact, the founding of LSI predecessor Lender's Service in 1978 is viewed as a significant moment for the mortgage-settlement industry. (Pittsburgh Post-Gazette, PA)
Public needs more access to both riverwalks Jan 13, 2008
You may remember the 2005 land swap the city made with Fidelity National Financial. The city gave up Fire Station No. 5 on Riverside Avenue and property around it. (Florida Times-Union)
10 COMPANIES TO WATCH IN 2007 Dec 31, 2007
Jacksonville-based Fidelity National Financial Inc. has cut about 4,000 jobs in its title operations in the past two years and more cuts could come if mortgage activity continues to fall ... As one of three Fortune 500 companies based in Jacksonville (along with Winn-Dixie and Fidelity National Financial), CSX will always be in the news. (Florida Times-Union)
Mortgage crisis hits home in Bay Area Dec 30, 2007
Nationally, the housing slump is not expected to turn around until the spring of 2009, Michell said, quoting data from an analyst from Fidelity National Financial, the parent company of Fidelity Title. Getting help. (Coos Bay-North Bend The World, OR)
The W Ratings First Annual Ranking of Most Competitive Companies Dec 1, 2007
Fidelity National Financial Insurance. . (Yahoo! Wire -- Entertainment News)
Fidelity National Financial Inc. Nov 13, 2007
3Q earnings drop for FNF - Jacksonville Business Journal. Members: Not Registered. (Jacksonville Business Journal, FL)
Ceridian sale closes Nov 10, 2007
has officially been sold to private equity firm Thomas H. Lee Partners LP and Fidelity National Financial Inc.. The Business Journal previously that shareholders of Bloomington-based human-resources services provider Ceridian (NYSE: CEN) approved a $5. (Twin Cities Business Journal, MN)
Jacko close to losing Neverland Nov 8, 2007
2-million on a $23-million loan he took out in March 2006, according to a foreclosure and notice of default report posted online by the Santa Barbara County, California branch of Fidelity National Financial insurance company. Jackson put up Neverland in Santa Barbara county as collateral for the loan, according to the document, first revealed late on Tuesday by the celebrity site TMZ.com. (iAfrica.com)
Standard & Poor's Announces Change to U.S. Index Nov 7, 2007
Ceridian is being acquired by Thomas H. Lee Partners and Sap 400 constituent Fidelity National Financial, Inc. (NYSE: ) in a deal that is expected to close on or about that date, pending final approvals. Standard s will monitor this transaction, and post any relevant updates on its website. (PR Newswire)
Wendys International second round bids due in two to three weeks, source says Oct 11, 2007
Both Triarc and a group associated with Fidelity National Financial chairman, William Foley, remain interested suitors at this point, said the source. However, the source and an industry banker commented that franchisee Cedar Enterprises, which has been reported as an interested party, would not end up winning the auction, even with financial backing from Kelso and Oak Hill Capital Partners. (FT.com -- Markets)
Cash is king in the hierarchy of rewards for employees Oct 7, 2007
Fidelity National Financial Inc., another Fortune 500 company in Jacksonville, has a structured bonus schedule in place for top executives and also offers performance-based initiatives for many departments, said Kelly Feese, senior vice president and corporate director of human resources. Overall, bonus amounts vary according to industry and level of position. (Jacksonville Business Journal, FL)
Bidding groups form for Wendy's: sources Sep 28, 2007
Included in the Thomas H. Lee team are Oaktree Capital Management, Ares Management and title insurer Fidelity National Financial Inc , the sources said. The chairman of Fidelity National, William Foley, is a former chief executive of CKE Restaurants Inc , the parent of the Carl's Jr. and Hardee's fast-food chains. (ABC News -- Wire)
Stocks to Watch: Harman International, Analogic Sep 24, 2007
Fidelity National Information Services Inc. () completed the sale of its Property Insight unit to title insurance company Fidelity National Financial Inc. (). Fidelity National Information expects the deal to lower its third-quarter earnings by about 1 cent a share, and fourth-quarter earnings by about 2 cents a share, exclusive of a gain on the sale. (Fox News)
FIS Completes Sale of Property Insight Sep 22, 2007
Sept. 21 /PRNewswire-FirstCall/ -- Fidelity National Information Services, Inc. (NYSE: ), a leading global provider of technology services, today announced that it has completed the sale of its Property Insight business to Fidelity National Financial, Inc. (NYSE: FNF), effective August 31, 2007. The transaction is expected to reduce FIS' third quarter 2007 earnings by approximately $0. (PR Newswire)
Ackman's Parallels, Blackstone's Stock, Alcatel's Club: Timshel Sep 15, 2007
6 million from Thomas H. Lee Partners LP and Fidelity National Financial Inc. when the two firms complete the buyout of Ceridian, based in Minneapolis. Then again, with that kind of money coming in, he may set his sights elsewhere instead. (Bloomberg -- Columnists)
Ceridian Shareholders Approve Buyout Sep 13, 2007
3 billion sale to affiliates of Thomas H. Lee Partners LP and Fidelity National Financial Inc. is expected to close by the end of the company's fourth quarter, once it gets regulatory approval. "We look forward to completing this transaction as quickly as possible and we anticipate a smooth transition," Ceridian President and CEO Kathryn V. Marinello said in a prepared statement. (WCCO.com, MN)
Week Ahead: Pressure Builds on Fed Sep 10, 2007
Ceridian Corp. (CEN) shareholders are due to vote Wednesday on the proposed merger with Thomas H. Lee Partners L.P. and Fidelity National Financial Inc. (FNF) and Ceridian's board nominees at its annual meeting ... (BSC), Celgene Corp. (CELG), Ceridian Corp. (CEN), Coles Myer Ltd. (CM), (CM.T), Fidelity National Financial Inc. (FNF), Johnson & Johnson (JNJ), McDonald's Corp. (MCD), Medtronic Inc. (MDT), Merck & Co. Inc. (MRK), (NA.T), Pfizer Inc. (PFE), Royal Bank of Canada (RY), (RY.T),... (SmartMoney)
Pershing Square drops quest to control Ceridian's board Sep 9, 2007
Ceridian Corp. shareholders are set to vote on Wednesday on whether to accept a $36 a share buyout by affiliates of Thomas H. Lee Partners LP and Fidelity National Financial Inc.. Ackman owns almost 15 percent of Ceridian through his Pershing Square hedge fund and originally opposed the buyout offer. (San Diego Union-Tribune -- Business)
Alltel buyout approved Aug 30, 2007
Alltel sold that segment to Fidelity National Financial Inc. in 2003 for $1 billion. Last year, Alltel spun off its traditional phone business to Valor Communications Group of Irving, Texas, in a $4. (AZCentral -- Business)
Title company to cut 1,000 jobs Aug 29, 2007
First American Corp. of Santa Ana, California was first, followed by Fidelity National Financial Inc. of Jacksonville, Florida. Company shares. (AZCentral -- Business)
Financial planner pleads guilty Aug 24, 2007
Chicago Title, which is a subsidiary of Florida-based Fidelity National Financial, last year settled several of the cases involving its employees, but it said in a statement yesterday that the company had no knowledge of Norton's illegal activities. (Chicago Title) is confident once the facts are presented to the court, it will become clear that Chicago Title is a victim in this scheme, along with Mr. Norton's investors, the statement said. (San Diego Union-Tribune -- Business)
Insurance executive to buy Firestone Vineyard Aug 18, 2007
Foley chairs the board of directors for Fidelity National Financial Inc., a Jacksonville, Fla. -based title insurance company. (AZCentral -- Business)
Ackman backs Ceridian deal Aug 15, 2007
Pershing Square Capital Management, Mr Ackman's fund, said in a filing with US regulators on Tuesday it was now supporting the $36-per-share bid by Thomas H Lee Partners and Fidelity National Financial because it was "the best of available alternatives". Pershing Square said its U-turn came after discussions with other trade and private equity buyers and "in light of the recent deterioration in the credit and broader capital markets". (MSNBC -- Business)
Pershing Square Manager Supports Ceridian Sale Aug 15, 2007
3 billion buyout offer from Thomas H. Lee Partners LP and insurer Fidelity National Financial Inc. Shareholders are set to vote on the buyout at Ceridian's annual meeting Sept. 12 ... 3 billion buyout offer from Thomas H. Lee Partners LP and insurer Fidelity National Financial Inc.. (WCCO.com, MN)
JEDC revises incentive agreement with Fidelity Aug 5, 2007
The amendments specify that both Fidelity National Financial (NYSE: FNF) and its subsidiary, , will receive QTI Enterprise Zone and Brownfield incentives of $9,500 per new job. As part of the QTI program, JEDC authorized the city to provide $1. (Jacksonville Business Journal, FL)
FNF acquires company from FIS Aug 4, 2007
Jacksonville-based Fidelity National Financial Inc. (NYSE: FNF) provides title insurance and other financial services. Fidelity National Information Services Inc. (NYSE: FIS), based in Jacksonville, provides core processing and mortgage loan processing for the financial industry and is an independent company. (Jacksonville Business Journal, FL)
2Q earnings down 36% for FNF Jul 27, 2007
Jacksonville-based Fidelity National Financial Inc. (NYSE: FNF) provides title insurance, specialty insurance and claims management services. Entrepreneur Case Studies. (Jacksonville Business Journal, FL)
Stocks Rise on Earnings News Jul 26, 2007
Fidelity National Financial () was up slightly after it reported earnings of 38 cents, vs. 76 cents a year ago. Revenue for the title insurance provider fell 44% due to higher interest rates and the slowdown in mortgage and real estate markets. (BusinessWeek)
Pershing Square eyes proxy contest with Ceridian Jul 25, 2007
9 percent, said management is ready to sell itself too cheaply for $36 a share to buyout company Thomas H. Lee and Fidelity National Financial Inc. because that deal will reward executives and board members with a $27 million payout. Ceridian's share price has declined since the takeover deal was announced earlier this summer and closed trading Tuesday down 1. (ABC News -- Wire)
DuPont trust expands Jul 16, 2007
will break ground July 17 on the 40,000-square-foot, five-story building at 510 Forest St., between The St. Joe Co. and Fidelity National Financial Inc. buildings. Elkins was hired for the project in late February and expects to have the foundation done by August and vertical construction under way by spring 2008. (Jacksonville Business Journal, FL)
Hedge fund tells Ceridian it can top takeover deal Jul 13, 2007
The human-resource and payroll company said last month it would welcome shareholders' involvement and is ready to review any proposals that might top a $36 per share takeover offer made by Thomas H. Lee Partners LP and Fidelity National Financial. Top Business stories. (ABC News -- Wire)
Fidelity Nat'l Reports Data Breach Jul 5, 2007
The latter split from its parent, Fidelity National Financial Inc., in November. Fidelity National shares were unchanged at $54. (eWeek)
FNF title insurance subsidiaries get rating upgrade Jun 15, 2007
Jacksonville-based Fidelity National Financial Inc. (NYSE: FNF) provides title insurance and other financial services. Extra. (Jacksonville Business Journal, FL)
Ceridian's Buyout Blowup Jun 14, 2007
3 billion sale of the company to private-equity firm Thomas H. Lee Partners and insurance provider Fidelity National Financial (nyse: - - ) arguing that the offer price is too low. On Tuesday, Ackman sent a letter to shareholders of the Minneapolis-based human resources outsourcing company stating that the $36 a share offer was suboptimal for Ceridian stockholders and that the current deal is an ill-suited response to our proxy contest. (Forbes)
Stocks Surge on Beige Book Jun 14, 2007
3 billion buyout of the company by hiring the investment bank Lazard to track down a higher offer, according to a to shareholders sent Tuesday by Ackman and filed with the SEC. In the letter, Ackman argues that the offer from Thomas H. Lee Partners and insurer Fidelity National Financial () undervalues the company at $36 a share. Airbus has had a difficult time convincing customers to place orders for its redesigned A350 jets and has lost business to rival Boeing (), according to an published... (SmartMoney)
PERSHING BATTLES CERIDIAN TAKEOVER Jun 14, 2007
Pershing, the hedge fund founded by William Ackman, hired Lazard Ltd. to find bids that exceed the 36-a-share proposal from Thomas H. Lee Partners and Fidelity National Financial, according to a letter enclosed in a regulatory filing. The fund owns about 15 percent of Minneapolis-based Ceridian. (New York Post -- Business)
Cool Million A Day For CEOs Jun 12, 2007
Other top CEO pay packages boosted by options jackpots included William P. Foley of insurance company Fidelity National Financial Inc. at 154. 1 million; Michael Dell of Dell Computer at 149. (New York Post -- Business)
Occidental CEO Tops Stock Options List Jun 10, 2007
William P. Foley of insurance company Fidelity National Financial Inc.: $154. 1 million. (Sunspot.net -- Business)
Ceridian answers its mail Jun 7, 2007
Following the close of the transaction, Thomas H. Lee Partners L.P., Fidelity National Financial Inc. and their co-investors will own the entire company. There are no plans at this time to change the Ceridian name. (Twin Cities Business Journal, MN)
Ceridian Clocks Out Jun 5, 2007
3 billion buyout from private equity firm Thomas H. Lee Partners and Fidelity National Financial (NYSE: FNF). Looking at Wall Street's reaction, it appears the ploy will work. (MSNBC -- Business)
Fidelity National Financial in $5.3 billion deal Jun 2, 2007
Fidelity National Financial in $5 ... Fidelity National Financial in $5. (Jacksonville Business Journal, FL)
Ceridian Opts For Buyout To Escape Activist Jun 1, 2007
The human resources outsourcing company said private-equity firm Thomas H. Lee Partners and Fidelity National Financial would take it private for $5 ... That's slightly below the $36 per share offered by Fidelity National Financial (nyse: - - ) and Lee, indicating investors think the deal will go through at the current bid price, although Pershing probably has several months to assess its position and formulate a response. (Forbes -- Markets)
Comdata parent to be purchased Jun 1, 2007
Brentwood-based Comdata's parent company, Ceridian Corp., announced Wednesday it will be purchased by Thomas H. Lee Partners and Fidelity National Financial Inc. (NYSE: FNF) for $5. 3 billion. (Nashville Business Journal, TN)
Mining stocks keep TSX positive on gains in mining sector Jun 1, 2007
8 billion in cash and stock to form one of the largest retail stock brokerages in the U.S. And payroll processor Ceridian Corp. said it will be bought out by investment firm Thomas H. Lee Partners LP and insurance provider Fidelity National Financial Inc. for US$5. 3 billion. (CBC News)
Stocks to Watch May 31, 2007
Ceridian Corp. () said it has agreed to be acquired by Thomas H. Lee Partners L.P. and Fidelity National Financial Inc. () for $36 a share, or roughly $5. 3 billion in cash. (Fox News)
Ceridian Agrees to Be Sold for $5.3B May 31, 2007
Payroll processor Ceridian Corp. said Wednesday it agreed to a buyout from investment firm Thomas H. Lee Partners LP and insurance provider Fidelity National Financial Inc. in a cash deal valued at about $5. 3 billion. (ABC News -- Wire)
Ceridian to go private in $5.3 billion deal May 31, 2007
NEW YORK: Ceridian, a human resources company, has sold itself to the private equity firm Thomas H. Lee Partners and the specialty insurer Fidelity National Financial for $5. 3 billion in cash. (International Herald Tribune -- Business)
Lawyers Not Clamoring To Fill District U.S. Attorney Position May 28, 2007
" The application period has been extended to June 15 in hopes of attracting more applicants, Marchena said. Marchena said authorities are looking for a "top-notch lawyer who understands the requirements of the U.S. Attorney's Office" with a background in criminal and civil law and administrative experience. But some lawyers say the current circumstances make the job unattractive to anyone who has a healthy practice. "I've heard from some very qualified people that are interested in the job, but... (Tampa Bay Online, FL -- News)
Special Report: Big Paychecks May 26, 2007
The next four top-paid chief executives also earned most of their pay from exercised stock options: of Occidental Petroleum (nyse: - - ) ($322 million total pay), of IAC/Interactive Corp (nasdaq: - - ) ($295 million), of Fidelity National Financial (nyse: - - ) ($180 million), and of Yahoo. (nasdaq: - - ) ($174 million). (Forbes)
Shakers: Business personalities in the news May 7, 2007
E. Kirk Shelton, the former vice chairman of Cendant who is serving 10 years in prison for accounting fraud, must reimburse the company for a portion of the $3. 2 billion it paid to resolve investor lawsuits, a judge ruled. (International Herald Tribune -- Business Asia)
Raking it in May 5, 2007
The next four top-paid chief executives also earned most of their pay from exercised stock options: Ray Irani of Occidental Petroleum ($322 million total pay), Barry Diller of IAC/Interactive Corp ($295 million), William Foley II of Fidelity National Financial ($180 million), and Terry Semel of Yahoo. ($174 million). (MSNBC -- Business)
Fidelity has 16 percent drop in 1Q earnings Apr 27, 2007
Jacksonville-based Fidelity National Financial Inc. (NYSE: FNF) provides title insurance and other financial services. Related Industry stories. (Jacksonville Business Journal, FL)
Acting U.S. Attorney Picked For District Mar 28, 2007
" Perez said he was in Washington last week and spoke to high-ranking Justice Department officials about installing Klindt in the post. When Perez was sworn into office in March 2002, his first official act was to name Klindt his first assistant. Although Perez's resignation coincides with a controversy about removal of other U.S. attorneys, Perez says his decision had nothing in common with those cases. He is accepting an offer to become chief compliance officer for Fidelity National Financial.... (Tampa Bay Online, FL -- News)
U.S. Attorney In Tampa Hands In Resignation Mar 14, 2007
" Neither Sens. Bill Nelson, D-Orlando, nor Mel Martinez, R-Orlando, have considered successors for Perez. They will work with advisers to make recommendations to the White House, their spokesmen said Tuesday. The senators were unaware of any link between the resignation and current controversies at the Justice Department. Perez's resignation surprised colleagues and former adversaries who describe him as ethical, fair, likeable and hardworking. "I think he's a good human being," said Mike... (Tampa Bay Online, FL -- News)
