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Solazyme and Bunge Sign Framework Agreement for Commercial Renewable Oil Plant in Brazil
Monday, August 8, 2011 - 7:10am | 121Solazyme, Inc. (NASDAQ: SZYM) and Bunge Global Innovation LLC, a wholly-owned subsidiary of Bunge Limited (NYSE: BG) announced today that they have entered into a framework agreement for the formation of a joint venture entity focused on the production of triglyceride oils in Brazil. The JV...
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Deutsche Bank Updates 8/8
Monday, August 8, 2011 - 6:42am | 535Deutsche Bank made a number of updates in a research report published today. Magna International (NYSE: MGA) had its rating reiterated at Hold. At the same time, its price target was reduced from $57 to $55. On Friday, MGA lost 10.92% of its value to end the day at $39.42....
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Deutsche Bank Lowers PT on Procter & Gamble to $70
Monday, August 8, 2011 - 5:46am | 27Deutsche Bank has lowered the price target on Procter & Gamble (NYSE: PG) from $72 to $70 and maintains its Buy rating.
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US Stock Futures Down On S&P Downgrade
Monday, August 8, 2011 - 4:40am | 357US stock futures are lower this morning, after Standard & Poor's downgraded the US debt rating. Futures for the Dow Jones Industrial Average dipped 175 points to 11,227.00 and S&P 500 index futures fell 18.90 points to 1,178.90. Nasdaq 100 futures dropped 37.25 points to 2,149.75. US...
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Earnings Scheduled For August 8
Monday, August 8, 2011 - 3:50am | 413Dollar Thrifty Automotive Group Inc (NYSE: DTG) is projected to report its Q2 EPS at $1.37 on revenue of $408.57 million. MGM Resorts International (NYSE: MGM) is projected to report a FQ4 loss at $0.13 per share on revenue of $1.59 billion. 99 Cents Only Stores (NYSE: NDN) is expected to...
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Stocks To Watch For August 8
Monday, August 8, 2011 - 3:01am | 210Some of the stocks that may grab investor focus today are: Wall Street expects Live Nation Entertainment Inc (NYSE: LYV) to report its Q2 EPS at $0.02 on revenue of $1.32 billion. LYV shares dipped 3.79% to close at $9.38 on Friday. Analysts are expecting Tyson Foods Inc (NYSE: TSN) to have...
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Preparing for This Week After the Debt Downgrade
Sunday, August 7, 2011 - 10:07pm | 734Click here for a FREE Trading Course The United States' debt was downgraded on Friday by Standard &Poors. There is plenty of commentary available in the media and online as to why and how it happened and potential implications. I'll save you the time and cut right to the chase on what I'm...
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Weight Watchers Getting Eaten Alive
Friday, August 5, 2011 - 3:06pm | 637Popular weight-loss company Weight Watchers (NYSE: WTW) is down 16 percent today, despite beating estimates in both earnings and sales for the second quarter. Theories as to why the market took a bite out of Weight Watchers are as plentiful as their two-point snack bar flavors. The theory is that...
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Why Financial Markets Will Not Repeat 2008
Friday, August 5, 2011 - 12:58pm | 662By Conor Sen I've never been a huge drinker, especially as an undergrad, but a couple weeks before graduation I threw up from alcohol for the first and only time as a college student. A friend of mine who had never even sipped alcohol was turning 21, and to celebrate his dad had sent his friends...
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Were Procter & Gamble's Results Enough To "Tide" Over Investors?
Friday, August 5, 2011 - 12:56pm | 481Procter & Gamble Co. (NYSE: PG) reported results this morning that beat Wall Street estimates, but offered tepid growth going forward. The Cincinnati-based company reported earnings of 84 cents per share on $20.9 billion in revenues. Wall Street had been expecting earnings of 82 cents per...
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Options Brief: H. J. Heinz
Friday, August 5, 2011 - 10:52am | 74Shares of H. J. Heinz (NYSE: HNZ) are higher on the session by 0.43%, trading at $50.40. Overall call volume is now running at 3.76x the daily average, with 44% of all calls traded being purchases on the offer. 1,169 contracts have traded on the session so far. H. J. Heinz Company together with...
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Why Olli Rehn Is Now More Important Than Ben Bernanke
Friday, August 5, 2011 - 10:43am | 788Despite the better than expected jobs report this morning, stocks are plunging once as fears continue to abound out of Europe. The European Union as a whole is a bigger economy than the United States, and there is more uncertainty about what is ultimately going to happen in Europe than ever before...
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Piper Jaffray Comments On Physicians Formula Gross Revenue
Friday, August 5, 2011 - 9:27am | 95According to Piper Jaffray, Physicians Formula (NASDAQ: FACE) gross revenue increased in the high-single-digits during FQ2. Piper Jaffray said that this was offset by $2.7 million in incremental consumer and trade promotion spending (a contra-revenue item), thus net sales were up 0.6% y/y in FQ2...
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Credit Suisse Upgrading Dean Foods
Friday, August 5, 2011 - 9:19am | 128Credit Suisse is upgrading shares of Dean Foods Company (NYSE: DF) to Neutral and keeping the price target at $10. In a note to clients, Credit Suisse writes, "We are upgrading Dean to Neutral (from Underperform) as we see less risk of further deterioration in FDD margins and more balanced risk-...
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JP Morgan Reviews Kraft Before Breakup
Friday, August 5, 2011 - 8:56am | 119J.P. Morgan has published a research report on Kraft Foods (NYSE: KFT) after the announcement that the food maker would split into two companies. In the report, J.P. Morgan wrote, "Kraft Foods announced a plan to split into its North American Grocery business and its Global Snacks business...