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Morning Market Losers
Tuesday, August 30, 2011 - 8:54am | 101NuPathe Inc (NASDAQ: PATH) fell 45.42% to $2.21 at 9:50 am. The US Food & Drug Administration rejected NuPathe's experimental migraine patch. Zion Oil & Gas Inc (NASDAQ: ZNWAW) shares lost 31.21% to $1.08. Peoples Educational Holdings Inc (NASDAQ: PEDH) shares dipped 15.09% to $0.90....
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Private Media Group Intends to File Emergency Writ to Set Aside Appointment of Receiver
Friday, August 26, 2011 - 3:25pm | 197Private Media Group (NASDAQ: PRVT) intends to file an application for an emergency writ with the Nevada Supreme Court to stay the Order of the Court, and to set aside the appointment of a receiver. The Company believes that the Court's appointment of a Receiver violates state law, as the statutory...
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Valassis Announces Promotions of Ron Goolsby to COO
Friday, August 26, 2011 - 7:30am | 69Valassis (NYSE: VCI) announced the promotions of Ron Goolsby to the newly created position of Chief Operating Officer and Suzie Brown to Executive Vice President of Sales and Marketing effective Jan. 1, 2012. These promotions were announced by Rob Mason, current Executive Vice President of Sales...
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Brightcove Files $50 Million IPO
Wednesday, August 24, 2011 - 10:47am | 171Online video platform company Brightcove announced it had filed with the SEC to go public, and is looking to sell $50 million worth of common stock. No price range on the IPO has been given yet. Here is the company's S-1 that it filed with the SEC this morning. Brightcove, based out of Cambridge...
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Top Performing Industries For August 24
Wednesday, August 24, 2011 - 8:59am | 197At 9:55 am, the Dow rose 0.55% to 11,238.56, the broader Standard & Poor's 500 index moved up 0.60% to 1,169.27 and the NASDAQ composite index gained 0.44% to 2,456.90. The industries that are driving the market today are: Regional - Mid-Atlantic Banks: This industry jumped 3.36% by 9:55 am....
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Morning Market Movers
Wednesday, August 24, 2011 - 8:46am | 101Peoples Educational Holdings Inc (NASDAQ: PEDH) climbed 31.82% to $1.45 at 9:45 am. PEDH shares have surged 25.00% over the past 52 weeks, while the S&P 500 index has gained 10.50% in the same period. Peregrine Pharmaceuticals Inc (NASDAQ: PPHM) shares advanced 25.95% to $1.65. PPHM announced...
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Martha Stewart Living Omnimedia Names Daniel Taitz Chief Administrative Officer and General Counsel
Wednesday, August 24, 2011 - 8:00am | 56Martha Stewart Living Omnimedia (NYSE: MSO) today announced the appointment of Daniel Taitz as Chief Administrative Officer, General Counsel and Corporate Secretary. In this new position, Mr. Taitz will oversee all aspects of the Company's legal affairs as well as the company's human resources and...
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Top 4 Mid-Cap Stocks In The Information & Delivery Services Industry With The Highest Cash
Wednesday, August 24, 2011 - 3:17am | 135Below are the top mid-cap information & delivery services stocks on the NYSE and the NASDAQ in terms of cash. Morningstar Inc (NASDAQ: MORN) had $430.24 million in total cash and no debt for the latest quarter. DST Systems Inc (NYSE: DST) had $407.50 million in total cash and $1.16 billion in...
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Rob Mason Named CEO Successor at Valassis
Tuesday, August 23, 2011 - 7:31am | 185Valassis (NYSE: VCI) announced the planned retirement of its Chairman, President and Chief Executive Officer, Alan F. Schultz, on December 31, 2011, after 27 years with the company. Mr. Schultz will retain his Chairman of the Board role and has also entered into a three-year consulting arrangement...
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Douglas Peterson to Become President of Standard & Poor's
Monday, August 22, 2011 - 8:20pm | 720The McGraw-Hill Companies (NYSE: MHP) today announced that Douglas Peterson (53), currently chief operating officer of Citibank N.A., Citigroup's principal banking entity that operates in more than 100 countries, will become president of Standard & Poor's effective September 12, 2011. Deven...
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Morning Market Movers
Monday, August 22, 2011 - 8:55am | 100FairPoint Communications Inc (NASDAQ: FRP) shares gained 27.98% to $7.41 at 9:45 am. FRP's trailing-twelve-month ROE is 646.87%. Atrinsic Inc (NASDAQ: ATRN) shares surged 26.35% to $3.50. ATRN shares have surged 53.89% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the...
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Fitch Downgrades S&P Parent McGraw-Hill IDR from 'A+' to 'A'; Ratings Watch Negative
Friday, August 19, 2011 - 9:42pm | 465Fitch Ratings has downgraded McGraw-Hill (NYSE: MHP) Issuer Default Rating to 'A' from 'A+'. In addition, Fitch has placed the ratings on Rating Watch Negative. The Rating Watch Negative and ratings reflect the following: The company is engaged in a strategic review of its portfolio and has...
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MICROCAPITAL BRIEF: Microfinance Centre (MFC) for Central and Eastern Europe and the New Independent States' "Financial Education Program" Reaches 100,000 Low-Income Households in Eastern Europe, Central Asia
Thursday, August 18, 2011 - 4:07pm | 148The Microfinance Centre (MFC) for Central and Eastern Europe and the New Independent States, a regional network of 110 microfinance institutions (MFIs), announced its Financial Education Program (FEP) has reached 100,000 low-income households. FEP is focused on “improving the financial...
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Notable Put Options Activity in The New York Times
Thursday, August 18, 2011 - 1:38pm | 89Shares of The New York Times (NYSE: NYT) are lower on the session by 4.40%, currently trading at $6.96. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Don't Bit The Hand That Feeds You
Thursday, August 18, 2011 - 12:32pm | 238That's what Standard & Poors has done with its downgrade of U.S. debt, and now the chicken is coming home to roost. Bloomberg is reporting that the Department of Justice is looking into both Moody's Investors Service and S&P over how the ratings agencies rated mortgage-backed securities...