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GameStop Announces New $500 Million Share & Debt Repurchase Authorization
Friday, February 4, 2011 - 9:31am | 76GameStop Corp. (NYSE: GME), the world's largest multi-channel video game retailer, today announced that its Board of Directors has authorized $500 million in additional funds for its share and debt repurchase program. This authorization replaces the $300 million plan announced in September 2010,...
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Lexmark Profits on Higher Sales - Analyst Blog
Wednesday, February 2, 2011 - 7:52pm | 964Lexmark International Inc. (LXK) posted decent fourth quarter 2010 earnings per share of $1.29, surpassing the Zacks Consensus Estimate of $1.11 and its own guidance range of $1.03–$1.13. The outperformance was attributable to strong demand for laser printers and higher margins. Revenue...
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Lexmark Profits on Higher Sales - Analyst Blog
Wednesday, February 2, 2011 - 7:16pm | 964Lexmark International Inc. (LXK) posted decent fourth quarter 2010 earnings per share of $1.29, surpassing the Zacks Consensus Estimate of $1.11 and its own guidance range of $1.03–$1.13. The outperformance was attributable to strong demand for laser printers and higher margins. Revenue...
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GameStop Falls On Heavy Volume (GME)
Wednesday, February 2, 2011 - 1:50pm | 49Beaten down video game retailer GameStop (NYSE: GME) is falling on heavy volume during Wednesday's trading session. The stock has lost 3.55% to $19.82. More than 3.66 million GME shares have already traded hands on the session. The stock has lost more than 13% year-to-date.
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2011 Super Bowl Commercials: Sneak Preview
Tuesday, February 1, 2011 - 3:26pm | 420(TheStreet) -- With 30-second spots during the Super Bowl commanding prices upward of $3 million, advertisers hope to lure viewers who see the game as a contest of commerce as well as football teams. The biggest advertising event every year will be hosted this time by Fox on Sunday. Although this...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, January 31, 2011 - 9:43am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Actuate Corp (BIRT) Best Buy Co (BBY) Carrizo Oil & Gas (CRZO) Catalyst Health (CHSI) Cedar Shopping Centers (CDR) View the entire Zacks #5 Rank List. BEST BUY (BBY): Free Stock Analysis Report ACTUATE CORP (BIRT): Free...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, January 31, 2011 - 9:14am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Actuate Corp (BIRT) Best Buy Co (BBY) Carrizo Oil & Gas (CRZO) Catalyst Health (CHSI) Cedar Shopping Centers (CDR) View the entire Zacks #5 Rank List. BEST BUY (BBY): Free Stock Analysis Report ACTUATE CORP (BIRT): Free...
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Petrofac wins mandate to develop Berantai field for Petronas
Monday, January 31, 2011 - 5:36am | 463Petrofac (LON:PFC) , the FTSE 100 oil and gas services group, has signed a Risk Service Contract (RSC) to lead the development of the Berantai field, offshore Malaysia, from the country's national oil company, Petronas. Petrofac has a 50% interest in the RSC, alongside local partners Kencana...
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Benzinga's Top Downgrades (ANF, RSH, PJC, ABT)
Thursday, January 27, 2011 - 9:28am | 138Abercrombie & Fitch Company (NYSE: ANF) was downgraded by FBR Capital from "outperform" to "market perform." ANF's shares closed at $49.59 yesterday. Abercrombie & Fitch's trailing-twelve-month profit margin is 3.23%. Analysts at RBC Capital downgrade Radioshack Corporation (NYSE: RSH) from...
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Can Dead Space 2 Boost EA's Bottom Line? (ERTS)
Tuesday, January 25, 2011 - 4:11pm | 544Electronic Arts (NASDAQ: ERTS) didn't have a great 2010. It didn't have a spectacular 2009 either. But with a number of product delays last fall, many of the company's biggest games were pushed into early 2011. One of those games, Dead Space 2, arrives today. While nowhere near the success of...
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Goldman Sachs Trims Estimates On RadioShack, Again
Tuesday, January 25, 2011 - 9:26am | 199Goldman Sachs reduces estimates on RadioShack (NYSE: RSH), but maintains its Buy rating, after a very tough stretch for this stock. Visibility is admittedly murky, and new, unanticipated obstacles seem to arise by the week, but three factors keep Goldman here, for now: It sees potential product...
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Benzinga's Top Upgrades (XLNX, FRO, PDCO, RSH)
Tuesday, January 25, 2011 - 9:19am | 127Xilinx Inc (NASDAQ: XLNX) was upgraded by Auriga from "hold" to "buy." XLNX's shares closed at $31.78 yesterday. Xilinx's PEG ratio is 0.99. Deutsche Bank upgrade Frontline Ltd (NYSE: FRO) from "hold" to "buy." FRO's shares closed at $24.94 yesterday. Frontline's trailing-twelve-month operating...
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Wedbush Upgrades RSH To Neutral
Tuesday, January 25, 2011 - 7:08am | 49Analysts at Wedbush upgrade RadioShack Corporation (NYSE: RSH) from “underperform” to “neutral.” The target price for RSH has been lowered from $22 to $18. RSH shares dipped 11.30% to close at $15.62 yesterday. More Analyst Ratings here
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Blue Chips Picking up Slack 01-24-2011
Monday, January 24, 2011 - 4:41pm | 898Cusick's Corner This week starts off with a change at the helm. Small Caps, RUT, have lost all momentum and the Blue Chips, DJX, are picking up the slack early in this earnings season. The S&P and NASDAQ are in a consolidation at this stage, most likely because the heavy data and earnings...
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Federal Realty Buys Tower Shops - Analyst Blog
Friday, January 21, 2011 - 12:31pm | 670Federal Realty Investment Trust (FRT), a real estate investment trust (REIT) that owns, manages and develops retail and mixed-use properties, has recently acquired Tower Shops, a 372,000 square foot community retail center in Davie, Florida, for $66.1 million. The property was previously owned by...