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Benzinga’s Top Downgrades (DRI, IWA, CAKE, TM, OZRK)
Tuesday, March 9, 2010 - 1:59pm | 261Darden Restaurants Inc (NYSE: DRI) was downgraded by Standpoint Research from “buy” to “hold.” DRI’s shares gained 0.14% to $42.05 by 11:38 a.m. DRI has a 52-week trading range of $23.55-$42.26. Read more about this company here. Argus downgraded Iowa Telecommunications Services Inc (NYSE: IWA)...
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Benzinga’s News Roundup (SSI, DKS, KR, BKE, TM)
Tuesday, March 9, 2010 - 9:50am | 352Stage Stores, Inc. (NYSE: SSI) reported today a fourth-quarter net profit of $27.9 million, or $0.72 per share, from $25.3 million, or $0.67 per share, for the same quarter last year. Revenue declined 5.3% to $431.7 million for the quarter. Analysts had expected SSI to report earnings of $0.66 per...
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A Reversal in Ford?
Monday, March 8, 2010 - 11:04am | 117Ford (NYSE: F) seems to move higher week in and week out, though traders continue to remain prudent and take profits (or simply protect them) along the way. This week will be no different. I am detecting sell volume on the March $13 call level, as well as purchases on the March $13 put line. The...
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Company News for March 8, 2010 - Corporate Summary
Monday, March 8, 2010 - 10:40am | 206• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...
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Daimler (DAI) To Sell Tata Motors (TTM) Stake
Monday, March 8, 2010 - 9:24am | 91There are reports from MarketWatch that German auto manufacturer Daimler AG (NYSE: DAI) will sell its 5.34% stake in Indian auto manufacturer Tata Motors Ltd (NYSE: TTM). The report cites unnamed sources as saying that Citigroup, Inc. (NYSE: C) is arranging the Daimler AG sale of about $429 million...
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Electric Car Stocks
Monday, March 8, 2010 - 1:55am | 1126The alternative fuel automobiles use electric motors for propulsion, instead of the internal combustion engine. All the major car companies have been jumping on the hybrid and electric car bandwagon, including Ford (F), General Motors, and Toyota (TM). But electric cars are not something new....
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Geely On Its Way To Buy Volvo Unit (F)
Saturday, March 6, 2010 - 10:21pm | 126Zhejiang Geely Holdings has announced its negotiations with Ford (NYSE: F) for the purchase of its Volvo unit are on track. However, it stated that they yet have to reach a formal deal. Geely Chairman Li Shufu said, “We haven't reached a final agreement so far… Everything is moving as planned."...
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Goldman Sachs (GS) VIP List of Top Hedge Fund Holdings
Friday, March 5, 2010 - 1:19pm | 1198Today is going to be Goldman Sachs (GS) day at FMMF - from their nearly perfect forecasting of monthly labor data (magically adjusting their figures 24 hours before it is released each month to "hit it on the nail"), to their new foray into buying warehouses so they can corner obtain more...
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Stocks That Could Sell-Off In Short Term (F, TXT, XTO, WLT)
Thursday, March 4, 2010 - 8:27pm | 168CNBC's Fast Money veteran trader Gary Kaminsky talked on the show about a possible influence that taxable gains could have on stock prices. If an investor is holding a stock for more than a year, he or she qualifies for long-term taxable gains. Long term capital gains are taxed at a lower rate then...
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Auto Electronics Under Scanner Seen As Cause For Toyota (TM) Trouble
Thursday, March 4, 2010 - 6:03pm | 257According to a report by BusinessWeek, a software, or faulty logic design is thought to be the root cause of the runaway acceleration problems that has troubled Toyota (ADR) (NYSE: TM) cars. However, Toyota’s CEO, Akio Toyoda said in his recent testimony to the U.S House of Representatives that...
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Is Toyota (TM) Getting Out Of Jail?
Wednesday, March 3, 2010 - 11:43pm | 121According to Bloomberg, the Toyota Motors (ADR) (NYSE: TM) bosses in Japan showed a lack of understanding, and initiative in resolving the unintended acceleration problem. The Senate hearing held yesterday has revealed a presentation by Jim Press, Toyota North America’s President in 2006, urging...
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Market Roundup (MXGL, RSH, TM, NOVL, VNO)
Wednesday, March 3, 2010 - 3:54pm | 246According to unidentified sources, Max Capital Group (NASDAQ: MXGL) will soon be announcing the purchase of privately-held Harbor Point Ltd for roughly $1.3 billion in a merger of property-casualty reinsurance firms. RadioShack (NYSE: RSH) shares are soaring high on rumors of a private-equity...
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U.S. Auto Sales Exceed 10 Million - Analyst Blog
Wednesday, March 3, 2010 - 11:45am | 893Sales in the U.S. auto industry grew 13% to 10.4 million vehicles in February, driven by strong fleet sales (sales to rental companies as well as corporate and government houses). Comparable month sales recorded high figures, since February 2009 was the weakest month last year. However, sales were...
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Calls Sold in Ford
Wednesday, March 3, 2010 - 11:28am | 138Given the Amazing run in Ford (NYSE: F) lately, it is not surprising to see a large player selling volatility in the name. Today I am detecting the March $13 call sold on the bid in one 9,400-contract block for $0.23. The volume is below open interest, but the thesis remains the same: that someone...
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Daimler And BYD Co. In Car Partnership (DAI, BYDDY)
Tuesday, March 2, 2010 - 5:24pm | 152Daimler AG (NYSE: DAI) announced that it has signed a memorandum of understanding with Chinese car and battery maker BYD Company (OTC:BYDDY). The memorandum is for developing a new brand of electric cars for China. The cars will use batteries made by BYD Company (BYDDY). BYD Company is backed by...