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Tonight's Notable Events
Thursday, June 2, 2011 - 4:30pm | 273Today's Syndicate Pricing: : ANTH 6.6mm @ $7.50 Citi....TSLA 5mm @ $28.76 GSCO...ACI 48mm @ $27 MGS.... After the bell: Slow overall Anthera Pharmaceuticals, Inc. (ANTH) Secondary offering Verifone Systems (PAY) Inline #'s Beat this qtr - beat top and bottom line - raising guidance to streets...
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Downside Should Be Respected 06-02-2011
Thursday, June 2, 2011 - 3:41pm | 1011Cusick's Corner Where do you start? Well for one the data was not good (ISM/Claims showing slower growth) and Greece looked for certain to go into default. But wait, the ECB announces a new plan to bailout Greece, popping the Euro and other Currencies (especially commodity based currencies like...
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Calls Purchased on USEC Inc.
Thursday, June 2, 2011 - 2:00pm | 135Shares of USEC Inc. (NYSE: USU) are higher on the session by 2.51%, currently trading at $4.08. The stock has been moving largely lower over the past four months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while...
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Is it Time to Ditch Big Coal Stocks?
Thursday, June 2, 2011 - 1:18pm | 1053By Diane Bullock A new documentary is set to raise awareness about the devastating effects of mountaintop removal, just as support for wind power farms begins to gain real traction. It has all the makings of an energy fairytale: Cheap, wholesome, inexhaustible power straight from the heavens that...
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Benzinga's After Hours Decliners
Wednesday, June 1, 2011 - 6:36pm | 142Among the stocks that are moving in the after hours trading session on Wednesday are Alpha Natural Resources (NYSE: ANR), Massey Energy (NYSE: MEE), Nokia (NYSE: NOK), Vera Bradley (NASDAQ: VRA) and Exide Technologies (NASDAQ: XIDE). Alpha Natural Resources and Massey are moving on very heavy...
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UPDATE: Alpha Natural Resources Acquires Massey Energy Company
Wednesday, June 1, 2011 - 1:27pm | 183Alpha Natural Resources, Inc. (NYSE: ANR) announced today that it has completed its acquisition of Massey Energy Company, creating a premier coal company in the United States and a global leader in metallurgical coal supply. In accordance with the terms of the definitive merger agreement...
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Puts Purchased on Arch Coal, Inc.
Wednesday, June 1, 2011 - 11:27am | 126Shares of Arch Coal, Inc. (NYSE: ACI) are lower on the session by 1.37%, currently trading at $29.48. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Arch Coal and International Coal Group Announce Expiration of Hart-Scott-Rodino Act Waiting Period
Wednesday, June 1, 2011 - 9:59am | 179Arch Coal, Inc. (NYSE: ACI) and International Coal Group, Inc. (NYSE: ICO) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, for Arch's pending acquisition of ICG expired on May 31, 2011. Expiration of the waiting period under the...
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News Summary for May 1, 2011
Wednesday, June 1, 2011 - 9:51am | 435This is your Benzinga news summary and trader's outlook for Wednesday, June 1, 2011, covering overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are showing slight losses morning after the ADP employment data failed to meet analysts'...
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J.P. Morgan Maintains Overweight on Arch Coal
Wednesday, June 1, 2011 - 8:08am | 163J.P. Morgan is out with its report today on Arch Coal (NYSE: ACI), maintaining Overweight. In a note to clients, J.P. Morgan writes, "Arch has announced its funding package for its purchase of International Coal Group. It will need $3.85bn in total to buy the 225m ICO shares (including...
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Natural Resource Partners Acquires Frac Sand ORRI
Wednesday, June 1, 2011 - 8:02am | 74Natural Resource Partners (NYSE: NRP) today reported the acquisition of a 21-year term overriding royalty interest in frac sand reserves located on approximately 711 acres near Tyler, Texas for a purchase price of $16.5 million, of which $14.4 million was funded at closing. The $14.4 million was...
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BMC Reiterates Buy and PT of $43 on Arch Coal
Wednesday, June 1, 2011 - 6:32am | 72BMC reiterated its Buy rating on Arch Coal (NYSE: ACI). At the same time, BMC left its price target on the company's stock unchanged at $43 after Arch Coal announced it had commenced an offering of 50.6 million shares. On Tuesday, Arch Capital added 0.89% to its value to close the day at $29.89....
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UPDATE: Alpha Natural Resources to Acquire Massey Energy Company
Tuesday, May 31, 2011 - 1:43pm | 149Alpha Natural Resources, Inc. (NYSE: ANR) is expected to complete its acquisition of Massey Energy Company (NYSE: MEE) on June 1, 2011. Following both companies' special stockholder meetings, Alpha CEO Kevin Crutchfield will be joined by West Virginia Governor Earl Ray Tomblin, local officials,...
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Massey Shareholders Looking To Halt Sale To Alpha Natural
Monday, May 30, 2011 - 11:02pm | 275A group of Massey Energy (NYSE: MEE) shareholders are looking to halt the company's $7.1 billion sale to rival Alpha Natural Resources (NYSE: ANR) just a couple of days before investors are scheduled to meet to approve the deal announced in January. Massey investors have asked the West Virginia...
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Is Anyone Watching Any Other Chart?
Wednesday, May 25, 2011 - 11:15am | 206At this time, almost every trader in the world is watching the U.S. Dollar Index(DX) chart. This morning, the U.S. Dollar Index has pulled back after the opening bell rang at the New York Stock Exchange. This decline in the U.S. Dollar has caused the major stock indexes to inflate and trade higher...