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BEBE Surges On Declaration Of Dividend; Closure Of PH8 Chain
Tuesday, July 6, 2010 - 10:49am | 134Shares of Bebe Stores Inc (NASDAQ: BEBE) jumped after the company announced a one-time cash dividend. The company also reiterated its earnings guidance for the fourth quarter. The board of directors of the Brisbane, California-based company has declared a one-time cash dividend of $1 per share as...
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Pepco Sells Conectiv Energy - Analyst Blog
Friday, July 2, 2010 - 4:15pm | 397Pepco Holdings Inc. (POM) exited its competitive energy business - Conectiv Energy, selling all of its generation assets in the Pennsylvania-New Jersey-Maryland (PJM) market, to Calpine Corporation for $1.63 billion. The sale includes Conectiv’s electric generation business across five Mid-...
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ReneSola Provides Guidance - Analyst Blog
Friday, July 2, 2010 - 3:45pm | 601ReneSola Ltd. (SOL) continued to deliver positive results from where it left off at the end of first-quarter 2010. On Thursday, the company provided some information on its unaudited results of second-quarter 2010 and also guided expectation for the second half of 2010, validating the upward trend...
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Christopher & Banks To Launch ‘Magalog’ (CBK)
Friday, July 2, 2010 - 3:31pm | 121Christopher & Banks (NYSE: CBK) is poised to do well in the future. The apparel merchant is going to launch its first ever ‘magalog’ during the fall of this year. It is also supporting this marketing initiative with a double digit increase in inventory per store. However, the company’s...
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Stock Market News for July 2, 2010 - Market News
Friday, July 2, 2010 - 10:10am | 528Tepid economic data sent stocks lower on the first day of a new quarter even as investors kept their cards close to their chests before Friday’s all-important June payrolls report. However, stocks managed to pare deeper losses even as fears that the economy was slowly slipping back into recession...
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Mid-Day Market Movers (GYRO, ISRL, CBK, BJ)
Thursday, July 1, 2010 - 1:40pm | 131Gyrodyne Company of America Inc (NASDAQ: GYRO) jumped 64.04% to $77.10 by 10:22 am. GYRO soared after reaching a new 52-week high of $44.98 yesterday. Isramco Inc (NASDAQ: ISRL) climbed 16.57% to $55. ISRL’s shares dipped 58.97% over the past 52 weeks, while the S&P 500 index gained 11.63%....
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CBK Soars On Strong Q1 Results
Thursday, July 1, 2010 - 1:27pm | 81Shares of Christopher & Banks Corporation (NYSE: CBK) soared after the company reported a sharp rise in its Q1 net income. The women's clothing retailer reported better-than-expected Q1 net income, as revenue jumped due to higher sales of full-priced items. The Plymouth, Minnesota-based company...
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Deutsche Bank June Retail Sales Preview (TJX, GPS, ANF, ROST)
Thursday, July 1, 2010 - 12:14pm | 129Deutsche Bank has released a June sales preview for the special apparel retail sector. The analysts wrote that "for the overall industry, we believe that June sales may come in modestly better than consensus, as better weather, easier compares, a Memorial Day shift, and continued strength in home...
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Eaton to Build PV System for VA - Analyst Blog
Thursday, July 1, 2010 - 11:18am | 631Diversified power management company Eaton Corporation (ETN) recently announced that it will design and install the largest Solar Photovoltaic (PV) System in New Mexico for the Department of Veterans Affairs (VA) Health Care System. The company said that it received a $20 million contract to...
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Reports Indicate Sales Have Weakened At The Gap (GPS)
Wednesday, June 30, 2010 - 2:20pm | 96According to the Phoenix Group, sales at both the Gap (NYSE: GPS) and Old Navy, which is owned by the Gap, have taken a turn for the worse. Their checks indicate that the deterioration has taken place over the last couple of weeks. They are seeing negative mid-single digit comps for Gap and...
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Four Income-Producing Dividend Stocks (CAT, TGT, AEO, VIA)
Monday, June 28, 2010 - 1:42pm | 350NEW YORK (TheStreet) -- At a time when many investors have been fleeing to safe-haven assets and enhanced uncertainty in the health of the global economy continues to prevail, dividend-rich companies remain an attractive choice to add a steady source of income. As compared to last year, dividends...
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Abercrombie & Fitch Upgraded, Shares Down (ANF)
Monday, June 28, 2010 - 1:02pm | 91Brean Murray upgraded Abercrombie & Fitch (NYSE: ANF) to Hold from Sell this morning. The firm notes that stock is now trading 2% below their $33 price target. Brean Murray says investors are now assuming weak same-store sales and inventory overhang. Furthermore, international growth my be...
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CMS Energy Unit Adds 240MW Capacity - Analyst Blog
Monday, June 28, 2010 - 10:21am | 492Focused on its Balanced Energy Initiative, Consumer’s Energy, the principal subsidiary of CMS Energy Corporation (CMS), added more than 240 megawatts (MW) of new Michigan-based renewable energy capacity. The company entered into power purchase agreements with four new renewable energy projects in...
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Mad Money Lightning Round: Cramer Thinks That RIMM Is Dead Money (RIMM, AAPL, MWE, PNC, FBC, HAL, ED, PGN, AGNC, JDSU, CRUS, OVTI, C, MW)
Saturday, June 26, 2010 - 1:32pm | 536On CNBC's Mad Money, Jim Cramer advised investors to stay away from Research In Motion Limited (USA) (NASDAQ: RIMM), because it is dead money. Cramer believes that RIMM can't compete with Apple Inc. (NASDAQ: AAPL), and you should sell it. RIMM dropped 10.84% on Friday, and closed at $52.23. Cramer...
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Consumer Sentiment Highest Since January 2008 (SPX, JCG, TIF)
Friday, June 25, 2010 - 11:23am | 149The final reading of the June University of Michigan Consumer Sentiment Index was revised up to 76.0 from a preliminary reading of 75.5. This revision beat the consensus estimate. The positive revision comes as a surprise given that the labor and equity markets have remained flat the past few weeks...