Kemet Corp. KEM -0.14% said it expects third-quarter revenue to miss its earlier projection, citing weakening demand in its European and Asian markets and continued distribution inventory rebalancing. Shares slipped 4.6% to $7.05 as the company also said gross margin in the latest period will be lower-than-expected. Kemet said it now expects revenue of $217 million to $219 million, down from its prior... 

Peoples Bancorp Inc. PEBO -0.27% plans to repay the remaining $18 million of funds received under the Troubled Asset Relief Program, or TARP, on Dec. 28. In February, Peoples repurchased $21 million of the $39 million it received in January 2009. “We are pleased to report our ability to repay the remaining portion of our TARP Capital, which will occur without the need to issue any new common... 

NEW YORK -(MarketWatch)- Bank of America Corp. BAC -0.19% has sold a $700 million portfolio of credit-card loans issued on behalf of other financial institutions to a unit of U.S. Bancorp USB +1.17% . The sale, which includes small-business and consumer cards, is the latest in a string of divestitures by Charlotte, N.C.-based Bank of America aimed at shedding unwanted assets. U.S. Bancorp said Wednesday... 

Auburn, AL December 12, 2011   – (OTCQB: VPWI)Viper Motorcycle Company, a wholly owned division of Viper Powersports, Inc. announced today that it has signed a Head of Agreement with AMV Motorcycles for exclusive distributorship for the United Kingdom and European Continent. Colbert Seagraves, Viper Motorcycle Company’s Vice President of Marketing and Racing Operations stated, “We plan to have... 

Sonoco Products Co.SON +0.69% offered a sales forecast for next year that easily exceeded analyst forecasts and comes on the heels of a recently completed acquisition. The packaging company said it expects sales to grow to roughly $5 billion in 2012, well ahead of the $4.57 billion currently expected by analysts polled by Thomson Reuters. Earnings for the year were estimated in the range of $2.47 to... 

Goldman Sachs Group Inc.’s GS -0.05% co-head of asset management Edward Forst is retiring, the New York Times reported on its Dealbook blog Friday, citing an internal memo sent to employees. The unit’s Chief Operating Officer Eric Lane will replace Forst and run the division with the other co-head, Tim O’Neill, the report said. Full story at http://dealbook.nytimes.com/2011/12/02/top-goldman-sachs-executive-departs/ SOURCE:... 

HOUSTON (MarketWatch) — ConocoPhillips COP +0.98% , which in July announced it will split into two companies next year, said Friday the head of its refining and marketing arm will retire after the separation is completed. “Willie Chiang…has elected to retire when?? the repositioning is completed in the second quarter of 2012,”?? Conoco’s spokesman John Roper said in an... 

TOKYO -(MarketWatch)- Yahoo Inc. YHOO +0.45% is moving closer to selling its 35% stake in Yahoo Japan Corp. (4689.TO), a holding that has limited strategic appeal for the embattled U.S. internet company, the Financial Times reported Friday. Citing people familiar with the matter, the report said that Yahoo’s stake in the Japanese business is seen as as an asset that can be disposed of relatively... 

Radian Group Inc. RDN -12.35% said it cut about 7% of its corporate and mortgage insurance staff, pointing to the reduced mortgage market volume expected in the near term. “Our top priority at Radian is to write as much new, high-quality mortgage insurance business as possible,” said Teresa Bryce Bazemore, president of Radian Guaranty Inc. “We are taking advantage of every opportunity... 

NEW YORK (MarketWatch) — Bank of America Corp. BAC +0.15% cut about 5% of its industrial banking group as part of its recent announcement to trim 3,500 jobs this quarter. The bank had announced the cuts last month and warned that eliminations in the investment bank and trading operations would represent about 3% to 5% of the operations. The industrial group cuts, totaling 13 investment bankers,...