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Despite A Slight Loss, US Stock Indexes Put Forth Handsome Quarterly Gains
Thursday, April 1, 2010 - 7:47am | 300US stocks yesterday ended the month and the quarter higher. The year’s first quarter was marked by corporate America reporting higher-than-expected results that beat the year-ago comparisons. The Dow Jones Industrial Average dipped 50.79 points, or 0.5%, for the session to close at 10,856.63. It,...
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Market Roundup (BBI, BA, AIG, PUK, ARQL, F)
Wednesday, March 31, 2010 - 3:13pm | 291Blockbuster Inc (NYSE: BBI) shares dipped 11% yesterday after the company disclosed that it was not in compliance with NYSE’s requirements for minimum market value. Following this announcement, BBI’s biggest shareholder, Carl Icahn, sold off 13 million BBI shares to reduce his stake in the company...
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Company News for March 31, 2010 - Corporate Summary
Wednesday, March 31, 2010 - 9:16am | 209• Peabody Energy (NYSE:BTU) submitted a non-binding proposal to buy Australia's MacArthur's Coal for $3 billion. MacArthur's Coal rejected the bid, citing growing demand for coal • Rite Aid (NYSE:RAD) reported a fourth quarter loss of 24 cents a share, wider than the Zacks expectations of a 19...
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A New Neighbor Has Moved In, Duran Ventures (DRV.TSXV)
Tuesday, March 30, 2010 - 11:21am | 1985It is a well known truism that the best way to find a new resource is amidst the workings of an old mine – something our Featured Company, Duran Ventures (DRV:TSXV), continues to prove as it consistently develops its 100% owned Aguila flagship asset located in Peru. Aguila is a copper – moly...
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A New Neighbor Has Moved In, Duran Ventures (DRV.TSXV)
Tuesday, March 30, 2010 - 11:21am | 1985It is a well known truism that the best way to find a new resource is amidst the workings of an old mine – something our Featured Company, Duran Ventures (DRV:TSXV), continues to prove as it consistently develops its 100% owned Aguila flagship asset located in Peru. Aguila is a copper – moly...
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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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Market News – Bank of America (NYSE:BAC), American International Group (NYSE:AIG), Verizon (NYSE:VZ), Mitsubishi Financial Group (NYSE:MTU), Morgan Stanley (NYSE:MS)
Tuesday, March 30, 2010 - 10:54am | 973To start the news day, reports indicate that the housing market has continued to struggle early this year, but there’s some hope on the horizon. The S&P/Case-Shiller 20-city home-price index is reporting a 0.7% decline for January of this year (compared to last year). But this also means a...
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Ford Motors (F) Has An Immediate Support Level of $13.27 Around Its 20 Day MA
Tuesday, March 30, 2010 - 9:17am | 143Ford Company (NYSE: F) showed some correction on Monday to slip over 2.1% to $13.57. The stock has turned bearish subsequent to its deal of Volvo cars to Chinese automaker, Zhejiang Geely Holding Group, for $1.8 billion. The deal is the largest purchase in history by a Chinese car manufacturer, but...
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Alstom Gets Embroiled In Bribery Charges (SI, DAI)
Tuesday, March 30, 2010 - 4:05am | 119Three executives at the British unit of the French company Alstom were detained last week on the charges of bribery. The executives are being investigated regarding possible bribes paid to secure contracts worldwide. Recently, four Alstom employees had pleaded guilty in a bribery case instituted in...
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China’s Geely To Buy Ford Motor Co.’s (F) Volvo
Monday, March 29, 2010 - 11:39am | 476Bloomberg reports that in a deal that is the biggest overseas acquisition by any Chinese automaker, Zhejiang Geely Holding Co. has agreed to buy Ford Motor Co.’s (NYSE: F) Volvo Cars for $1.8 billion. Ford’s Chief Financial Officer Lewis Booth said yesterday in Gothenburg, Sweden that the price for...
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Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 993Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
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Market Update – Ford (NYSE:F), General Electric (NYSE:GE), Citigroup (NYSE:C), Apple (NASDAQ:AAPL), Morgan Stanley (NYSE:MS)
Monday, March 29, 2010 - 11:10am | 977Lets start with some American economic news. Reports from the Commerce Department indicate that personal income levels remained unchanged last month, however consumer spending still rose 0.3% inFebruary. Experts had expected a 0.1% increase in American income. On the European front, there’s...
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Barron’s Picks 30 Best CEOs (ORCL, NFLX, F, CMI, AAPL)
Monday, March 29, 2010 - 10:41am | 321Barron’s has released a list of 30 best CEOs. The list includes CEOs who took the financial crisis and the recession, which followed it, head on and steered their companies out of it stronger. Barron’s annual list of Most Respected CEOs this year includes 11 new names. One of the new names in the...
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US Stock Futures Gain; Focus On Data
Monday, March 29, 2010 - 9:40am | 314Following the report of a small increase in personal spending, US stock futures rose today. While an increase in personal spending met expectations, personal incomes did not change and inflation stayed benign. While futures on the Dow Jones Industrial Average added 27 points, those on the Standard...
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Company News for March 29, 2010 - Corporate Summary
Monday, March 29, 2010 - 9:31am | 184• Boeing (NYSE:BA) officials on Sunday said the Dreamliner's load test showed initial results were positive • Apollo Group (NADAQ:APOL) posted better than expected fiscal second quarter earnings of 84 cents a share, ahead of Zacks projections of 81 cents, on inline revenues of $1.07 billion • ...