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Blockbuster Can’t Reduce Debt, Faces Bankruptcy (BBI, NFLX, WMT, NCR)
Wednesday, May 26, 2010 - 2:22pm | 410Reuters: The US will suspend Arctic drilling. Reuters: Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars. Reuters: The Fed’s Bullard said that promises of low rates for long periods have risks. Reuters: Facebook improved its privacy controls. Reuters: Apple Inc. (NASDAQ: AAPL...
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Honda Looks to China for Battery-Powered Autos (HMC, TM, F, BRK-A, BYDDF)
Wednesday, May 26, 2010 - 1:18pm | 410Reuters: The US will suspend Arctic drilling. Reuters: Lehman sued JPMorgan Chase (NYSE: JPM) for billions of dollars. Reuters: The Fed’s Bullard said that promises of low rates for long periods have risks. Reuters: Facebook improved its privacy controls. Reuters: Apple Inc. (NASDAQ: AAPL...
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Office Depot (ODP) Rated Hold By Deutsche Bank Securities
Wednesday, May 26, 2010 - 10:54am | 125Deutsche Bank Securities analysts Mike Baker and Adam Sindler rated shares of Office Depot Inc (NYSE: ODP) a Hold, with a price target of $8 per share. Baker and Sindler said that Office Depot Inc is working on a plan to reduce its $1.4 billion of indirect costs. The analysts said that the greatest...
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Deutsche Bank Rates Dick's Sporting Goods (DKS) A Buy
Wednesday, May 26, 2010 - 10:24am | 173Deutsche Bank Securities analysts Mike Baker and Adam Sindler rated shares of Dick's Sporting Goods Inc (NYSE: DKS) a Buy, with a price target of $33 per share. The analysts said that Dick's Sporting Goods Inc executives attended the Deutsche Bank Retail 1 on 1 Day in San Francisco on May 25. One...
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ZLC’s Fiscal Q3 Net Loss Narrows; Beats Consensus
Wednesday, May 26, 2010 - 8:25am | 216The largest North American jewelry store operator, Zale Corporation (NYSE: ZLC), announced that for its revenue for the fiscal Q3 ended April 30, dropped 5.1% to $360 million from $379 million in the year-ago period. The Dallas-based company said that its net loss narrowed to $12.1 million, or $0....
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Zale (ZLC) Narrows Loss, Beats Street Estimates
Wednesday, May 26, 2010 - 7:46am | 108Jewelry retailer Zale Corporation (NYSE: ZLC) announced on Wednesday morning that it beat consensus Wall Street estimates. Zale Corporation reported that its fiscal 3rd quarter loss narrowed to $12.1 million, or 38 cents per share, from a loss of $19.5 million, or 61 cents per share, a year earlier...
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Stocks To Watch For May 26 (JMBA, JAS, NTAP, TIVO, AEO)
Wednesday, May 26, 2010 - 5:40am | 196Some of the stocks that may grab investors focus today are: Wall Street expects Jamba Inc (NASDAQ: JMBA) to post earning of $0.13 per share for the latest quarter. JMBA’s shares declined 0.37% to $2.66 in after hours trading. Analysts are expecting Jo-Ann Stores (NYSE: JAS) to have earned $0.44 in...
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Consumer Confidence Up For The Third Month In A Row
Tuesday, May 25, 2010 - 2:36pm | 365A private sector report released today revealed that the US consumer confidence in the month of May has touched the highest mark in more than two years as worries over the labor market are abating continuously. It has risen for the third consecutive month now. An industry group named the Conference...
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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...
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Consumer Confidence Highest Since March 2008 (ANN, TIF)
Tuesday, May 25, 2010 - 12:28pm | 135The Conference Board's Consumer Confidence Index rose 5.6 points to 63.3 in May. The consensus estimate was looking for a reading of 58.3. The index is now at its highest level since March 2008. Typically, consumer confidence can be predicted based upon changes in the unemployment rate, oil prices...
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Top Performing Industries For May 24 (CEA, ODSY, TWMC, SVM)
Monday, May 24, 2010 - 2:09pm | 236At 12:21 pm, the Dow lost 27.66 points, or 0.27%, to 10,165.73, while the broader Standard & Poor's 500 index fell 0.89 points, or 0.08%. However, the Nasdaq composite index climbed 11.88 points, or 0.53%. The industries that are helping the market keep afloat today are: Major Airlines: The top...
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Stocks To Watch For May 24 (CPB, BGP, PVH, DCI, TOL)
Monday, May 24, 2010 - 6:46am | 214Some of the stocks that may grab investors focus today are: Wall Street expects Campbell Soup Co (NYSE: CPB) to post an EPS of $0.51 for the third quarter. CPB’s shares gained 1.49% to close at $35.48 on Friday. Borders Group Inc (NYSE: BGP), the struggling bookseller, has appointed financier...
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LeBow Invests In Borders (BGP)
Friday, May 21, 2010 - 4:48pm | 155Financier Bennett LeBow has bought 11.1 million shares of Borders Group Inc. (NYSE: BGP) for $25 million. The purchase has made LeBow the biggest shareholder of the company, dethroning Bill Ackman. Ackman, through his firm Pershing Square Capital Management, holds a 17.7% stake in the struggling...
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Benzinga’s Volume Movers (NDSN, HIBB, INTU, CRUS)
Friday, May 21, 2010 - 2:47pm | 161Nordson Corp (NASDAQ: NDSN) shares gained 7.24% to $67.38 by 1:23 pm. The volume of NDSN shares traded was 264% higher than normal. NDSN posted Q2 results that beat market estimates. Hibbett Sports Inc (NASDAQ: HIBB) shares climbed 1.89% to $25.82 by 1:23 pm. The volume of HIBB shares traded was...
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Vector Group's LeBow To Invest $25 Million In BGP
Friday, May 21, 2010 - 9:57am | 185The struggling bookseller Borders Group Inc (NYSE: BGP) has been joined by a Vector Group Ltd (NYSE: VGR) controlled entity in the former’s efforts to boost capital levels. VGR’s Chairman Bennett LeBow has agreed to invest $25 million in BGP. 11.1 million BGP shares will be bought at $2.25 each, a...