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CBS Corporation Announces $600 M Senior Note Offering (CBS)
Monday, October 4, 2010 - 1:59pm | 83CBS Corporation (NYSE: CBS.A) (NYSE: CBS) announced today the pricing of a debt offering of $300 million of 4.30% senior notes due 2021 and $300 million of 5.90% senior notes due 2040. CBS Corporation intends to use the net proceeds of the offering to fund its partial cash tender offer for up to...
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NASDAQ Stocks Hitting 52-Week Highs (ACTL, SGEN, SIRI, DDMX)
Monday, October 4, 2010 - 11:49am | 172Actel Corporation (NASDAQ: ACTL) shares jumped 30.65% to create a new 52-week high of $20.93. Microsemi Corp (NASDAQ: MSCC) has agreed to acquire ACTL for around $430 million or $20.88 per share in a cash tender offer. Seattle Genetics Inc (NASDAQ: SGEN) shares reached $16.41 to touch a new 52-week...
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Top Performing Industries For October 4 (MPEL, SIRI, GAME, TOF)
Monday, October 4, 2010 - 11:34am | 210At 11:18 am, the Dow lost 0.49% to 10,776.66, the broader Standard & Poor's 500 index moved down 0.68% to 1,138.43 and the NASDAQ composite index fell 1.05% to 2,345.81. The industries that are still afloat in the market today are: Resorts & Casinos: This industry jumped 3.25% by 11:18 am....
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Barron's "Catch Up" List
Monday, October 4, 2010 - 8:35am | 599The stock market is still climbing a wall of worry greased with lies, according to Barron's. For anyone owning stocks this may come as comforting, however the staggeringly high number of takeover rumors looming may also provide some caution. According to Barron's "September's Standard & Poor...
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CBS Corporation Announces Cash Tender Offer
Monday, October 4, 2010 - 8:22am | 99Seeks to Purchase $250 Million of Outstanding Notes. CBS Corporation (NYSE: CBS) announced today that it has commenced a cash tender offer for up to $250 million combined aggregate principal amount of specified series of its outstanding debt. The terms and conditions of the tender offer are set...
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SIRIUS XM Increases Year End 2010 Subscriber Guidance to 20.1 Million
Friday, October 1, 2010 - 10:10am | 53Mel Karmazin, Chief Executive Officer of SIRIUS XM Radio (Nasdaq: SIRI), today announced that the company expects to finish 2010 with approximately 20.1 million subscribers, an all-time subscriber high for the company. SIRIUS XM's projection implies the company now expects net subscriber...
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Radio One, Inc. Announces Additional Extension of Exchange Offer
Friday, October 1, 2010 - 8:56am | 142Radio One, Inc. (Nasdaq: ROIAK) (NASDAQ: ROIA) today announced that it had further extended the expiration time of its previously announced exchange offer for its 8-7/8% Senior Subordinated Notes due 2011 and its 6-3/8% Senior Subordinated Notes due 2013, and the related consent solicitation, to 5:...
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Communication Stocks Ready For A Rally
Friday, October 1, 2010 - 8:47am | 159Communications Services have massively outperformed the market in the past quarter after a weak for 1H10. Due to cheap valuations, strong wireless data growth, less regulatory risk, expense controls and attractive dividend yields, communication stocks have the potential for a big upcoming rally....
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CBS Still Above Average
Thursday, September 30, 2010 - 10:35am | 28Caris & Company reiterates its Above Average rating for CBS Corporation (NYSE: CBS) and has raised the price target from $17 to $18.50.
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Stocks Going Ex Dividend the Second Week of October
Wednesday, September 29, 2010 - 11:36pm | 704Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Sinclair Broadcasting Group Director Sells 64,000 Shares of SBGI
Wednesday, September 29, 2010 - 3:19pm | 52In a Form 4 filed earlier today, Sinclair Broadcasting Group (NASDAQ: SBGI) Director, Duncan Smith, reported that he sold 64,000 shares of SBGI on September 27th-29th for an average price of $7.06. The transaction totaled $451,622. Mr. Smith owns 5,890 direct shares of SBGI. Source: The Washington...
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Goldman Is Watching CBS, But Not Fox (CBS)
Wednesday, September 29, 2010 - 7:15am | 190Goldman Sachs is positive on CBS Corporation (NYSE: CBS), as it had the three top premieres of the new TV season. It is particularly bearish on Fox (NYSE: NWS), which has already canceled 'Lone Star' due to poor ratings. In the research note, Goldman Sachs writes, "CBS won the first week of the...
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Deutsche Bank Is Watching CBS (CBS)
Wednesday, September 29, 2010 - 7:10am | 141Deutsche Bank has some thoughts on the new TV season, and is particularly upbeat on CBS Corporation (NYSE: CBS), as it continues to gain market share. In the research report, Deutsche Bank writes, "Final live + same day ratings are out for the first week of the 2010-11 TV season, and are in line...
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Earnings Watch: Stocks Under $5
Tuesday, September 28, 2010 - 7:34am | 580BOSTON (TheStreet) -- Alcoa (NYSE: AA), the largest U.S. producer of aluminum, kicks off the quarterly earnings-reporting season a week from Thursday. Traders in stocks under $5 also have their plates full next week with releases. Already this week, Zale (NYSE: ZLC) reported a smaller-than-expected...
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Mad Money Lightning Round: Cramer Prefers Chesapeake Energy Over Petrohawk Energy, Advises Investors To Sell Dryships (CSCO, DRYS, DUK, PGN, ED, EXC, CHK, HK, DTV)
Monday, September 27, 2010 - 7:17am | 229On CNBC's Mad Money, Jim Cramer said during the Lightning Round that while earlier he was worried about Cisco Systems (NASDAQ: CSCO), now he has “been reassured that the bears are wrong and the stock is a coiled spring. Business is strong and is getting stronger." Dryships (NASDAQ: DRYS) is among...