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Tenet Eyes Healthscope - Analyst Blog
Wednesday, June 2, 2010 - 2:03pm | 610In an attempt to explore the healthcare opportunities in Australia, Tenet Healthcare Corp. (THC) authenticated its plan of acquiring Australia-based private hospital chain, Healthscope Ltd., on Tuesday. Healthscope operates Australia’s third largest pathology business with 43 hospitals, enjoying a...
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Merger Arbitrage Mondays – May 31, 2010
Monday, May 31, 2010 - 4:22am | 4750The merger activity slowed down last week when compared to the previous week with just three new deals announced and two deals closing. The three new deals include the acquisition of Emmis Communications Corporation (EMMS) by JS Acquisition and Alden Global Capital for $2.4 per share in cash, the...
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Beasley Broadcast Group Enters Into Agreement to Manage Two Las Vegas Radio Stations (BBGI)
Friday, May 28, 2010 - 4:45pm | 413Transaction Expected to be Immediately Additive to Operating Results Beasley Broadcast Group Secures Option to Purchase Managed Stations for $8.5 Million. Beasley Broadcast Group, Inc. (Nasdaq: BBGI) ("Beasley Broadcast"), a large- and mid-size market radio broadcaster, announced today that it...
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SIRI: Auto Sales Expectations Still Suggest Gold, Guns, Canned Tuna and Glenn Beck
Friday, May 28, 2010 - 11:22am | 173Analysts at Wunderlich Securities reiterate their "hold" rating on SIRIUS XM Radio (NASDAQ: SIRI). The target price for SIRI is set to $1.25. SIRI’s sales in early May were light, but there “should be some Memorial Day boost.” According to the analysts, “Key SIRIUS partner Ford (NYSE: F) should...
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Virgin Media May Sell Virgin Television (VMED, VMTV)
Thursday, May 27, 2010 - 6:01pm | 148Virgin Media (NASDAQ: VMED) is said to be in the middle of talks to dispose of Virgin Media Television to BSkyB, although neither company has confirmed the rumors. According to a report released by JPMorgan Chase (NYSE: JPM), Virgin Media (VMED) had earlier indicated that VMTV constituted a non-...
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Top Performing Industries For May 27 (SBSA, NTAP, NANX, SCHN)
Thursday, May 27, 2010 - 1:45pm | 242By 11:59 am, the Dow had added 216.97 points, or 2.18%, to 10,191.42 and the broader Standard & Poor's 500 index had risen 26.38 points, or 2.47%. The Nasdaq composite index gained 58.51 points, or 2.66%. The industries that are driving the market keep today are: Broadcasting-Radio: The top...
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Puts Sold on Liberty Global (LBTYA)
Thursday, May 27, 2010 - 12:28pm | 116Shares of Liberty Global Inc. (NASDAQ: LBTYA) are higher on the session by 4.02%, currently trading $25.35. The stock has been falling along with the overall market and is currently struggling to hold the 200-day moving average. One trader is betting that the level will hold given that they are...
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Early Volume Plays Among Those Valued Below $10 (BCON, SIRI, ALXA, JSDA)
Thursday, May 27, 2010 - 10:37am | 302Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Ardour Capital initiated coverage of Beacon Power (NASDAQ: BCON) with a “buy” rating and a target price of $1.50 on the basis of BCON’s significant growth...
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Patrick Dunkerley Believes Macy's, CBS Will Gain From Economic Recovery
Thursday, May 27, 2010 - 6:51am | 230KANSAS CITY, Mo. (TheStreet) -- Shares of Macy's (NYSE: M) and CBS (NYSE: CBS) will likely rise as the economy improves, says Patrick Dunkerley, manager of the Scout Mid Cap Fund (UMBMX). The $160 million fund, which has earned five stars from Morningstar(NASDAQ: MORN), has returned 35% during the...
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Late Market Roundup (CBS, VIA, CMCSA, XOI, DTG, CAR, HTZ, RBS, LYG)
Wednesday, May 26, 2010 - 2:49pm | 342The Executive Chairman of CBS Corp (NYSE: CBS), Sumner Redstone, spelt in an annual meeting that he had no interest in selling his network or Viacom (NYSE: VIA). Over the past few months, speculations had been rife about the acquisition of CBS, following the purchase of NBC by Comcast Corp (NASDAQ...
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Benzinga’s Volume Movers (VRTX, CETV, NAFC, RMBS)
Wednesday, May 26, 2010 - 2:26pm | 177Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX) shares gained 4.65% to $35.53 by 12:05 pm. The volume of VRTX shares traded was 432% higher than normal. Wedbush upgraded VRTX from “underperform” to “neutral.” Central European Media Enterprises Ltd (NASDAQ: CETV) shares climbed 8.99% to $24.49 by...
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Bears Buy Puts on Virgin Media
Wednesday, May 26, 2010 - 1:32pm | 101Shares of Virgin Media Inc. (NASDAQ: VMED) are higher on the session by 2.85%, currently trading $15.90. The stock has been drifting lower as of late, but has held the 200-day moving average, which is a good sign. I am seeing puts purchased on the name, though. The December $12.50 put strike was...
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Top 5 Stocks In The CATV Systems Industry With The Highest Market Capitalization (CMCSA, VIA-B, TWC, DISCA, DISH)
Wednesday, May 26, 2010 - 6:24am | 155Below are the top 5 CATV systems stocks on the NASDAQ and the NYSE in terms of market capitalization. Comcast Corp (NASDAQ: CMCSA) has a market capitalization of $49.86 billion. CMCSA posted better-than-anticipated earnings for the March quarter. Viacom Inc (NYSE: VIA-B) has a market capitalization...
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TiVo (TIVO) Losses Widen To $14 Million
Tuesday, May 25, 2010 - 4:59pm | 135TiVo Inc (Nasdaq: TIVO) on Tuesday after the market closed released financial results that beat Wall Street expectations. TiVo Inc reported that its 1st quarter loss widened to $14.2 million, or 13 cents per share, from a loss of $3.9 million, or 4 cents per share, a year earlier. Revenue rose 11...
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Top Performing Industries For May 25 (AZO, BBW, CMCSA, SNFCA)
Tuesday, May 25, 2010 - 1:57pm | 238At 12:34 pm, the Dow had plunged 175.41 points, or 1.74%, to 9,891.16, while the broader Standard & Poor's 500 index fell 17.97 points, or 1.67%, and the Nasdaq composite index lost 37.92 points, or 1.71%. The industries that are helping the market keep afloat today are: Auto Parts Stores: The...