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BP Seals Macondo Well Permanently - Analyst Blog
Monday, September 20, 2010 - 9:12am | 499BP plc (BP) has finally plugged the Macondo well. This announcement came yesterday after $9.5 billion (through September 17) in expenditures and five months of continuous effort. Tony Hayward, the outgoing chief executive officer of BP group, termed this as a significant milestone in response to...
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Zacks #1 Rank Additions for Monday - Tale of the Tape
Monday, September 20, 2010 - 8:36am | 336Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ASM Intl (ASMI) British Sky Broadcasting Group (BSYBY) Danvers Bancorp Inc (DNBK) The Greenbrier Co (GBX) Halliburton Co (HAL) View the entire Zacks #1 Rank List. ASM INTL NV (ASMI): Free Stock Analysis Report BRITISH SKY...
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Zacks Bull and Bear of the Day Highlights: Acergy, Safeway, WellPoint , Aetna and AK Steel Holding - Press Releases
Friday, September 17, 2010 - 8:36am | 2123For Immediate Release Chicago, IL –September 17, 2010 – Zacks Equity Research highlights: Acergy (ACGY) as the Bull of the Day and Safeway (SWY) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on WellPoint (WLP), Aetna (AET) and AK Steel Holding Corporation (AKS). Here...
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Acergy S.A. - ADR (ACGY) - Bull of the Day
Friday, September 17, 2010 - 5:00am | 182Acergy's (ACGY) second-quarter results, despite marginally missing estimates, reflected good project execution skills and solid activity levels. With a healthy backlog, significant cash balances and no near-term refinancing requirements, Acergy should weather the challenging business environment...
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Boots & Coots Approves HAL Deal - Analyst Blog
Thursday, September 16, 2010 - 11:30am | 459Halliburton Co. (HAL) – one of the largest oilfield service providers in the world – has received approval from the shareholders of well-intervention firm Boots & Coots Inc. (WEL) to acquire the latter for about $240.4 million in stock and cash. More than 60% of Boots & Coots shareholders...
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Stock Market News for September 16, 2010 - Market News
Thursday, September 16, 2010 - 10:15am | 1066A rally in the last half hour of trading sent U.S. stocks higher on Wednesday, as Japan's move to rein in the yen helped the U.S. dollar regain some strength. The Japanese currency had risen to a new 15-year high against the greenback on Tuesday, prompting the Japanese prime minister to announce...
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Pritchard Capital's Morning Intelligence (GOK HOS HP MHR NFX NRG XEC)
Thursday, September 16, 2010 - 9:25am | 221Pritchard Capital is out with its Morning Intelligence report. In the report, Pritchard covers Geokinetics Inc. (AMEX: GOK), Hornbeck Offshore Services, Inc. (NYSE: HOS), Helmerich & Payne Inc. (NYSE: HP), Magnum Hunter Resources Corporation (AMEX: MHR), Newfield Exploration Co. (NYSE: NFX),...
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Serious ETF Drawbacks?
Thursday, September 16, 2010 - 8:17am | 1103In the last few days there have been quite a few commentaries posted that explore the downside to ETFs. Obviously I have been a big proponent for the wrapper for the access they provide and the democratization of certain strategies. Additionally I have tried to point out various drawbacks as I have...
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Weatherford Announces Senior Notes Offering
Thursday, September 16, 2010 - 8:12am | 130Weatherford International Ltd., a subsidiary of Weatherford International Ltd., a Swiss joint-stock corporation (NYSE: WFT), announced today that it has commenced an offering of senior notes. The Company and Weatherford International, Inc., a Delaware corporation and subsidiary of the Company,...
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Earnings Scheduled For September 16 (ORCL, FDX, PIR, RIMM, XSEL, MCS, SYMX, NLCI, MTRX, MLHR)
Thursday, September 16, 2010 - 5:45am | 253Oracle Corp (NASDAQ: ORCL) is likely to post its FQ1 EPS at $0.36 on $7.27 billion in revenue. FedEx Corp (NYSE: FDX) may post its FQ1 profit of $1.20 per share on revenue of $9.41 billion. Pier 1 Imports Inc (NYSE: PIR) is expected to report its Q2 earnings of $0.11 per share on revenue of $310.08...
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Boots & Coots Stockholders Approve Merger
Wednesday, September 15, 2010 - 4:06pm | 91Boots & Coots, Inc. (NYSE: WEL) today announced that its stockholders approved the adoption of the merger agreement providing for the merger of Boots & Coots with and into a wholly owned subsidiary of Halliburton Company at Boots & Coots' Special Meeting held earlier today. Over 60% of...
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Doug Kass Right About Schlumberger (SLB)
Wednesday, September 15, 2010 - 11:52am | 59Doug Kass tweeted yesterday that Schlumberger Limited. (NYSE: SLB) may lower its earnings outlook in a conference being held at UBS. He got the rumor correct, as SLB is lowering its earnings outlook. Share of SLB are lower on the day, losing $1.20 to $57.65.
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SEACOR Names Oivind Lorentzen As Its CEO
Wednesday, September 15, 2010 - 6:25am | 145The Board of Directors of SEACOR Holdings Inc (NYSE: CKH) has named Oivind Lorentzen as the company's Chief Executive Officer (CEO). The company's Board of Directors has also named Blaine V Fogg as the director and member of the Compensation Committee. Charles Fabrikant will continue as the...
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Baker Hughes Active in Brazil - Analyst Blog
Tuesday, September 14, 2010 - 4:03pm | 341Texas-based Baker Hughes Inc. (BHI), one of the largest oilfield service companies in the world, will build an advanced electrical submersible pumping (ESP) system. This new EPS system will be built in a testing and development center in Macae, Brazil. This facility will reduce risks of the...
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NOV to Acquire APL for $500M - Analyst Blog
Tuesday, September 14, 2010 - 10:45am | 428Houston-based National Oilwell Varco Inc. (NOV), a leading manufacturer of oil and gas drilling and production equipment, agreed to acquire Advanced Production and Loading PLC (“APL”), a subsidiary of Norway-based BW Offshore Limited, for a total cash consideration of $500 million. The deal is...