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Alpha Natural Resources Announces an Amended Notice of Fundamental Change
Thursday, June 9, 2011 - 12:28pm | 989Alpha Natural Resources, Inc. (NYSE: ANR) announced today an amended and restated Notice of Fundamental Change. The details of this fundamental change are as noted below. FUNDAMENTAL CHANGE This notice hereby amends and restates the Notice of Fundamental Change delivered on June 6, 2011 in order...
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Options Brief: USEC Inc.
Thursday, June 9, 2011 - 11:57am | 92Shares of USEC Inc. (NYSE: USU) are higher on the session by 1.48%, trading at $3.42. Overall put volume is now running at 3.12x the daily average, with 65% of all puts traded being purchases on the offer. 1,640 contracts have traded on the session so far. USEC Inc., a global energy company, is...
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Benzinga's Top Downgrades
Thursday, June 9, 2011 - 8:22am | 110Analysts at Ticonderoga downgraded Whiting Petroleum Corporation (NYSE: WLL) from “buy” to “neutral.” WLL's shares closed at $61.34 yesterday. Whiting Petroleum's trailing-twelve-month ROA is 6.78%. Analysts at Dahlman Rose downgraded International Coal Group Inc (NYSE: ICO) from “buy” to “hold.”...
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Dahlman Rose Downgrades ICO To Hold
Thursday, June 9, 2011 - 7:11am | 21Dahlman Rose has downgraded International Coal Group (NYSE: ICO) from Buy to Hold.
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Benzinga's Top ETF Decliners, June 8th (SOXL, URA, NUGT, TAN)
Wednesday, June 8, 2011 - 6:41pm | 231Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) traded lower on Wednesday, along with the semiconductor stocks. SOXL fell 6.00%, while Applied Materials, Inc. (NASDAQ: AMAT) dropped 2.30%, and Texas Instruments Incorporated (NYSE: TXN) lost 1.80%. Global X Uranium ETF (NYSE: URA) fell 4....
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Penn Virginia Resource Partners, L.P. Announces Acquisition and Expansion of Midstream Assets
Wednesday, June 8, 2011 - 5:01pm | 161Penn Virginia Resource Partners, L.P. (NYSE: PVR) today announced the acquisition of a natural gas gathering system and processing facility in the Texas panhandle area. The "Antelope Hills" assets acquired by PVR consist of a 20 MMcf/d cryogenic processing facility and an approximate 15-mile...
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Five ETFs Littered With Takeover Targets
Tuesday, June 7, 2011 - 2:33pm | 630Mergers and acquisitions activity has been on the upswing for over a year now and if you're looking for an ETF with which to play this theme, there is a specific fund devoted to M&A arbitrage, but the better bet is to identify sectors ripe for consolidation and use the relevant ETFs to isolate...
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Merger Arbitrage Mondays – June 6, 2011
Monday, June 6, 2011 - 6:43am | 4795Merger activity increased last week with four new deals announced and eight closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 87 Total Number of Deals...
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And Cats Like Dogs Today... 06-03-2011
Friday, June 3, 2011 - 6:09pm | 963Cusick's Corner The market just did not have the comeback power of the Mavericks and why should it? The latest labor stats cannot be blindly cast aside even though there's potential for more stimuli on the forefront. What confused some traders was that the VIX actually pulled back. But to event...
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Alpha Natural Resources Comments on Unauthorized Release of Preliminary Report on Upper Big Branch Mine
Friday, June 3, 2011 - 3:57pm | 207Alpha Natural Resources (NYSE: ANR) today confirmed its understanding that the former Chairman of the Board of Directors of Massey Energy Company, Admiral Bobby R. Inman, has issued publicly a letter dated June 2, 2011, and released a document entitled, "Massey Energy's Preliminary Report of...
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Can Market Pull a Nowitzki? 06-03-2011
Friday, June 3, 2011 - 3:24pm | 957Cusick's Corner Can the market pull off a Nowitzki? (This is the name of Dallas Maverick's German Center, in reference to their roaring comeback in game 2 of the NBA finals.) The long and short of it is that I am going to be watching the 1313 level, plus want to see a break and settle above this...
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Options Brief: Arch Coal, Inc.
Friday, June 3, 2011 - 11:00am | 83Shares of Arch Coal, Inc. (NYSE: ACI) are higher on the session by 0.05%, trading at $27.44. Overall put volume is now running at 7.30x the daily average, with 3% of all puts traded being purchases on the offer. 33,431 contracts have traded on the session so far. Arch Coal, Inc. is a coal...
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A Peek Into The Market Before The Trading Starts
Friday, June 3, 2011 - 7:33am | 389Pre-open movers US stock futures are lower this morning, as investors are awaiting payrolls figures. Futures on the Dow Jones Industrial Average dropped 33 points to 12,205.00 and futures on the S&P 500 stock index fell 4 points to 1,308.40. Nasdaq 100 futures declined 8.50 points to 2,317.50...
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Arch Coal Prices 48M Share Public Offering of Common Stock at $27/Share
Friday, June 3, 2011 - 7:01am | 179Arch Coal, Inc. (NYSE: ACI) today announced its public offering of 48.0 million shares of common stock has priced at a public offering price of $27 per share for gross proceeds of approximately $1.3 billion. Arch also has granted the underwriters a 30-day option to purchase up to an additional 7.2...
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Market is Damaged -- Levels to Watch 06-02-2011
Thursday, June 2, 2011 - 6:32pm | 911Cusick's Corner No surprise that the market finished at breakeven. The data tomorrow, Unemployment, will be scrutinized and a lot of investors will then find out how much of that selling from the previous session was in front of what could be a bad number. The reality is that this market is...