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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 10:30am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Stock Market News For Dec 9, 2010 - Market News
Thursday, December 9, 2010 - 10:09am | 1212On Wednesday, markets closed slightly higher and the S&P 500 index surged to its highest level since September 2008. A rally in financial stocks coupled with investors' optimism about the extension of Bush-era tax cuts helped the markets turn green. Investors' concerns about the rising...
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Hackers Unite! Chaos, Threats, And Wikileaks
Thursday, December 9, 2010 - 8:51am | 190Yesterday, websites of Mastercard (NYSE: M), Visa (NYSE: V), and Amazon (NASDAQ: AMZN) were hacked by Wikileaks supporters as a threat to any organization that opposes the rights of Wikileaks and its controversial founder, Julian Assange. On Thursday, an activist from a group called Anonymous said...
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Gene Munster: “Amazon Has Taken Over The World Of Retail” (AMZN)
Wednesday, December 8, 2010 - 4:12pm | 296In the battle of Amazon (NASDAQ: AMZN) vs. eBay (NASDAQ: EBAY), Piper Jaffray's Managing Director and Senior Research Analyst, Gene Munster, is betting on Amazon. “Amazon's gonna win,” Munster told Benzinga during a recent interview, noting that his firm recently downgraded eBay because the auction...
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Gene Munster On The Potential Of The iTunes TV Pass (AAPL)
Wednesday, December 8, 2010 - 4:05pm | 276iTunes TV Pass does not exist…yet. But if Gene Munster's prediction is accurate, we could one day have access to a new Apple Inc. (NASDAQ: AAPL) service that would have the potential to do for television what the standard iTunes did for music. “[The] one thing that doesn't get talked about is North...
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Netflix Off Lows On CFO's "Don't Be Short Comment"
Wednesday, December 8, 2010 - 3:41pm | 80Shares of Netflix, Inc. (NASDAQ: NFLX) are well off their lows of the session, as the company's outgoing CFO Barry McCarthy made a comment about this quarter at a Barclay's tech conference. Briefing.com quoted McCarthy as saying that he's “not sure you'd want to be short this quarter." Shares of...
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Bullish and Neutral Options Strategies for Amazon.com (AMZN)
Wednesday, December 8, 2010 - 3:22pm | 1972Amazon.com (NASDAQ:AMZN) is in the business of selling Kindle e-readers, books, housewares, and just about everything in between (including the kitchen sink). In addition to its peddling of tangible goods, the retailing giant also generates revenue through credit-card services and marketing...
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Netflix Down 4% (NFLX)
Wednesday, December 8, 2010 - 2:04pm | 96Netflix (NASDAQ: NFLX) announced yesterday that its CFO was resigning to seek outside opportunities. This revelation is putting pressure on the shares during Wednesday's trading session. NFLX is hitting new intra-day lows, and is currently trading at down 4.09% to $181.92. Volume has been heavier...
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Wednesday Worries – Ireland “Fixed” – Who's Next?
Wednesday, December 8, 2010 - 1:36pm | 3300Courtesy of Phil at Phil's Stock World So many things are pissing me off today. I got my political outrage out of the way in my earlier post: "Thanks for the Gas Money, Mr. President," so we don't need to talk about that again. Ireland, as of 7:45, has not actually voted to...
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Dang! Shares of Dang Dang Flying
Wednesday, December 8, 2010 - 11:15am | 101E-COMMERCE CHINA DANGDANG INC. (NASDAQ: DANG) are now over $28 per share, after having priced at $16 per share. Dang is seen as the Amazon (NASDAQ: AMZN) of China, so investors are scooping this up hand over fist right now. Dangdang is the the No. 1 business-to-consumer company in China, and has...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 11:03am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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China + Youtube + Amazon=Explosive Moves
Wednesday, December 8, 2010 - 10:43am | 100It's the China IPO's that are drawing the most attention this morning, with the "Chinese Youtube" and the "Chinese Amazon" set to start trading today. Youkou, which has been billed as the Youtube of China, priced at $12.80 per share, higher than the $9-$11 it was originally supposed to price at....
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 10:31am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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Netflix and Disney-ABC Television Group Announce Deal to Stream TV Shows to Netflix Subscribers
Wednesday, December 8, 2010 - 9:31am | 109Netflix, Inc. (Nasdaq: NFLX) and Disney-ABC Television Group today announced a new licensing agreement between the two companies that will allow Netflix to stream hundreds of episodes from the ABC Television Network, Disney Channel and – for the first time – ABC Family over the Internet. The...
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Benzinga's Top Pre-Market NASDAQ Losers (MNTA, NFLX, ASML, ERIC)
Wednesday, December 8, 2010 - 9:29am | 127Momenta Pharmaceuticals Inc (NASDAQ: MNTA) dipped 5.44% to $14.35 in the pre-market session. MNTA has priced its underwritten public offering of 4,000,000 shares at $14.35 per share. Netflix Inc (NASDAQ: NFLX) lost 4.11% to $182 in the pre-market session. Analysts at Jefferies downgraded NFLX from...