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Company News for November 18, 2010 - Corporate Summary
Thursday, November 18, 2010 - 5:08am | 527• GM (NYSE: GM) priced its IPO at the upper end of its range at $33 per share, and expanded the number of shares being offered to 478 million • Sears Holdings (NASDAQ: SHLD) reported a wider third quarter loss than expected at $1.98 versus the expected $1.07, on revenues of $9.68 billion, off...
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4 Stocks with Leverage - Investment Ideas
Wednesday, November 17, 2010 - 8:00pm | 1474Think about the last time you stayed in a hotel. How much did you pay? How much did it actually cost the hotel to have you stay there that night? Sure, it cost a lot of money to build and furnish the room, but the company has already incurred those expenses. The actual incremental costs are low....
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Michigan Governor Jennifer Granholm Tells FBN That GM IPO Is A "Terrific Story For America"
Wednesday, November 17, 2010 - 6:22pm | 539Michigan Governor Jennifer Granholm (D) spoke to FOX Business Network's (FBN) Liz Claman about the General Motors (GM) IPO, saying the IPO is an indication “that the taxpayers are going to be paid back, and manufacturing in America will survive.” Granholm said that while GM “can't claim victory yet...
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General Motors IPO Priced at $33 per Share
Wednesday, November 17, 2010 - 5:15pm | 15General Motors (GM) IPO Priced at $33 per Share.
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Domestic News Continues to Take Back Seat 11-17-2010
Wednesday, November 17, 2010 - 4:40pm | 904Cusick's Corner The market continues the grind, but we need to see if one side takes charge in the afternoon. I have been watching the SPX and if the bears can break the 1180 mark, they could take control in the short-term. The bulls on the other hand, can get some momentum if they can press the...
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Most Active Stocks: November 17
Wednesday, November 17, 2010 - 3:29pm | 113Below are the most active stocks so far on November 17: 1. Citigroup (NYSE: C) 288 million shares. Citigroup stock is down $0.04, or 0.95%, to $4.18. 2. Bank of America (NYSE: BAC) 112 million shares. Bank of America is down $0.27, or 2.26%, to $11.67. 3. SPDR S&P 500 ETF (NYSE: SPY) 104...
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GM to Expand IPO by 31% - Analyst Blog
Wednesday, November 17, 2010 - 2:33pm | 620General Motors (MTLQQ), a.k.a. GM, has expanded its initial public offering (IPO) of common stock, to be held in November 18, 2010, by 31% to 478 million shares from 365 million shares due to strong demand from the investors. The targeted stock price has also been raised to $33 per share from the...
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Stakes Are High As GM Shares Get Set for Debut
Wednesday, November 17, 2010 - 2:18pm | 165This deal has more subplots than War and Peace. General Motors (GM), an icon of American industry and for many decades the biggest car maker in the world, is selling itself to the public Wednesday night through an initial public offering of its stock. The deal comes 16 months after GM emerged from...
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Consumer Price Index Tame - Analyst Blog
Wednesday, November 17, 2010 - 2:03pm | 2209The Consumer Price Index (CPI) rose by just 0.2% in October, up from 0.1% September, but down from increases of 0.3% in August and July. Year over year, it is up just 1.2%. Almost all of the increase was due to energy prices, which rose 2.6% after increases of 0.7% in September and 2.3% in August....
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Ford in Talks to Sell Mazda Stake - Analyst Blog
Wednesday, November 17, 2010 - 12:33pm | 331Ford Motor Co. (F) has concluded talks with 10 potential buyers in Japan in order to sell most of its 11% stake in Japan's Mazda Motor Corp. by the end of this year. The buyers included Tokyo-based trading conglomerate Itochu Corp., the company's main lender Sumitomo Mitsui Banking Corp., and...
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GM to Expand IPO by 31% - Analyst Blog
Wednesday, November 17, 2010 - 9:05am | 620General Motors (MTLQQ), a.k.a. GM, has expanded its initial public offering (IPO) of common stock, to be held in November 18, 2010, by 31% to 478 million shares from 365 million shares due to strong demand from the investors. The targeted stock price has also been raised to $33 per share from the...
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Consumer Price Index Tame - Analyst Blog
Wednesday, November 17, 2010 - 8:43am | 2209The Consumer Price Index (CPI) rose by just 0.2% in October, up from 0.1% September, but down from increases of 0.3% in August and July. Year over year, it is up just 1.2%. Almost all of the increase was due to energy prices, which rose 2.6% after increases of 0.7% in September and 2.3% in August....
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Ford in Talks to Sell Mazda Stake - Analyst Blog
Wednesday, November 17, 2010 - 6:52am | 331Ford Motor Co. (F) has concluded talks with 10 potential buyers in Japan in order to sell most of its 11% stake in Japan's Mazda Motor Corp. by the end of this year. The buyers included Tokyo-based trading conglomerate Itochu Corp., the company's main lender Sumitomo Mitsui Banking Corp., and...
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Market Challenging Mid-Term Support 11-16-2010
Tuesday, November 16, 2010 - 7:50pm | 978Cusick's Corner Well, the last time we heard the terms bailout and interest rate hikes, the markets were quite volatile. This recent slide continued after the close and through the night, slicing through critical support with no bid in sight. Some bulls were part of those frustrated “longs” that...
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Three reasons to buy stock in the GM IPO (NYSE:GM)
Tuesday, November 16, 2010 - 1:13pm | 1601) The press. GM's IPO (NYSE: GM) is projected to be the second-biggest IPO in history behind only Visa Inc.'s $19.7 billion sale in March 2008. With that hyped-up interest level, expect volatility and a good chance to capitalize on short-term price changes. 2) The profits. GM reported record third...