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Top Performing Industries For June 2 (GSB, HAL, UAUA, EBF)
Wednesday, June 2, 2010 - 2:05pm | 280By 12:41 pm, the Dow Jones Industrial Average had climbed 105.73 points, or 1.05%, to 10,129.75 and the broader Standard & Poor's 500 index had rallied 13.83 points, or 1.29%. The Nasdaq composite index too was up after advancing 31.31 points, or 1.41%. The industries that are helping the...
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Halliburton, Anadarko Stage Comeback (HAL, APC)
Wednesday, June 2, 2010 - 11:33am | 101After a disastrous day of trading yesterday, shares of Halliburon (NYSE: HAL) and Anadarko Petroleum (NYSE: APC) are rallying today. Both companies are involved in the Gulf oil spill. Anadarko owns a 25 percent stake in the Gulf of Mexico well that ruptured in the April 20 explosion. Halliburton...
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BP Disaster: What If No One Is At Fault?
Wednesday, June 2, 2010 - 11:32am | 226It is a legal practice, although perhaps not a principle, that someone or some entity, is at fault when something goes wrong. This extends from medical malpractice to car recalls to man-made disasters. The result of this approach to liability is that companies try to shift blame for an accident...
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Stock Market News for June 2, 2010 - Market News
Wednesday, June 2, 2010 - 9:57am | 504A late-session selloff sent stocks broadly lower on Tuesday, with energy shares leading the drop, after the government said it will initiate criminal and civil investigations into the BP oil spill. A pair of encouraging economic data, however, helped temper the losses. BP’s failure in its latest...
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US Stocks Closed Sharply Lower Yesterday, With Energy Sector Leading The Losses
Wednesday, June 2, 2010 - 5:41am | 243US stocks finished deep in the red yesterday, with losses pouring in close to the end of the session. Gains, led by positive economic reports, were erased in the late trading hours as tensions around Europe and BP’s incapability to control the oil spill started building up. The Dow Jones Industrial...
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Willbros to Present at the Credit Suisse 2010 Engineering & Construction Conference (WG)
Tuesday, June 1, 2010 - 5:39pm | 175Willbros Group, Inc. (NYSE: WG) announced today that Randy Harl, President and Chief Executive Officer, and Van Welch, Sr. Vice President and Chief Financial Officer, are scheduled to present at the Credit Suisse Engineering & Construction Conference in New York City on Thursday, June 3, 2010....
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Traders Bet Baker Hughes Rebounds (BHI)
Tuesday, June 1, 2010 - 3:21pm | 130Shares of Baker Hughes Inc. (NYSE: BHI) are lower on the session by 5.09%, currently trading $36.20. The stock has fallen off a cliff over the past few weeks and is now nearing historical support around $35.00. Options traders are betting the stock turns around here and moves higher. They are...
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Mid-Day Market Movers (JSDA, BMJ, EVVV, WH)
Tuesday, June 1, 2010 - 2:05pm | 182Jones Soda Company (NASDAQ: JSDA) climbed 19.81% to $1.25 by 12:47 pm. JSDA has recently struck a deal with Wal-Mart (NYSE: WMT) to sell its products in the retailer giant’s nearly 3,800 US-based stores. The deal will enhance Jones' total retail outlet distribution by almost 10%. Birks & Mayors...
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Puts Rolled Lower on Smith International (SII)
Tuesday, June 1, 2010 - 1:41pm | 146Shares of Smith International Inc. (NYSE: SII) are lower on the session by 6.44%, currently trading $35.14. The stock has been falling sharply as of late and is now fighting to hold the 200-day moving average. The June $44 put was sold near the bid 2,250 times for $9.05 today, just as the June $37...
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Long Term Bull Buys Into WFT
Tuesday, June 1, 2010 - 10:46am | 118Shares of Weatherford International LTD (NYSE: WFT) are lower on the session by 2.27%, currently trading $13.80. The stock has been struggling as of late and has been drifting lower. The stock is now below both the 50-day and 200-day moving averages. Call buying can be seen on the January 2011 $20...
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Company News for June 1, 2010 - Corporate Summary
Tuesday, June 1, 2010 - 9:48am | 260• Prudential’s (NYSE:PRU) downwardly revised $30.4 billion offer for AIG’s (NYSE:AIG) Asian life-insurance puts the deal in jeopardy as AIG refuses to accept it • BP (NYSE:BP) shares fell nosedived 14% this morning after the its "top kill" effort failed to stop the estimated 12,000-19,000 barrels...
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Goldman Sachs Removes Halliburton Company (HAL) From Conviction Buy List, Maintains Buy Rating
Tuesday, June 1, 2010 - 9:00am | 111Analysts at Goldman Sachs have removed Halliburton Company (NYSE: HAL) from the Conviction Buy List. However, analysts have reiterated their Buy rating for the company. Analysts believe that oil service fundamentals are improving and that Halliburton is in a position to outperform its peers....
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How To Profit From Rising Commodity Prices
Monday, May 31, 2010 - 1:43am | 466The summer driving season is almost upon us. Millions of Americans will take vacations and travel to their favorite summer destinations. As more Americans take to the road, gas prices are likely to increase. From Memorial Day to Labor Day is when oil prices normally see their biggest rise. So, how...
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How To Profit From Rising Commodity Prices
Monday, May 31, 2010 - 1:43am | 466The summer driving season is almost upon us. Millions of Americans will take vacations and travel to their favorite summer destinations. As more Americans take to the road, gas prices are likely to increase. From Memorial Day to Labor Day is when oil prices normally see their biggest rise. So, how...
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Offshore Drillers Drilled (HAL, RIG, APC)
Friday, May 28, 2010 - 2:24pm | 133Shares of offshore drilling companies are getting drilled (pun intended) today after President Obama's decision to close U.S. waters to deep-sea drilling. Obama said Thursday he would extend a moratorium on permits for new deepwater wells. Drillers also will be forced to suspend actions on 33...