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Europe's 91 Potentially Bad Banks
Wednesday, July 7, 2010 - 6:44pm | 1802After weeks of intra-Eurozone haggling the Committee of European Banking Supervisors (CEBS) has finally published the list of 91 banks currently undergoing stress tests whose results are eagerly awaited for July 23. The 91 banks (list below) represent 65% of Europe's banking business, in itself an...
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Do You Really Want BP To Go Bankrupt?
Saturday, July 3, 2010 - 4:04pm | 501There is a huge public outcry against BP (NYSE: BP) and rightfully so. The oil conglomerate’s lax standards and reckless behavior has led to the greatest oil spill that we have ever seen. Hundreds of thousands of people are boycotting BP stations and refusing to buy their gas there. Others are...
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Do You Really Want BP To Go Bankrupt?
Saturday, July 3, 2010 - 4:04pm | 501There is a huge public outcry against BP (NYSE: BP) and rightfully so. The oil conglomerate’s lax standards and reckless behavior has led to the greatest oil spill that we have ever seen. Hundreds of thousands of people are boycotting BP stations and refusing to buy their gas there. Others are...
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Goldman Sachs Upgrades Refiners Ahead of Earnings Season (FTO, SUN, WNR, TSO, VLO, HOC)
Wednesday, June 30, 2010 - 9:24am | 459Goldman Sachs is out with a research report this morning, where it updated estimates on refiners ahead of the Q2 2010 earnings season. The changes to their estimates primarily reflect marked-to-market crack spreads during the quarter. The GS analysts said, “Our estimates move mostly higher for...
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Genesis Energy Enters Into $525M Credit Facility
Wednesday, June 30, 2010 - 8:01am | 190Genesis Energy, L.P. (AMEX: GEL) announced today that it has entered into a new $525 million five-year secured revolving credit facility expiring June 30, 2015, including an accordion feature whereby the total credit available can be increased up to $650 million. The new facility replaces a $500...
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Reform Bill Pushes Financials Higher 06-25-2010
Friday, June 25, 2010 - 6:30pm | 752Cusick’s Corner The economic data that came out today was once again mixed and the market traded sideways for much of the day. The Financials led the market – there was a feeling of relief that the Financial Reform Bill process might be over and we can move on to other issues. Market participants...
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Interesting Trade on Frontier Oil (FTO)
Wednesday, June 23, 2010 - 1:20pm | 246Shares of Frontier Oil Corp. (NYSE: FTO) are higher on the session by 3.88%, currently trading at $14.46. The stock has been moving largely higher over the past six months and is currently trading above both the 50-day and 200-day moving averages, which is bullish. Options traders are making an odd...
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Louis Navellier Likes Rentech (RTK)
Tuesday, June 22, 2010 - 10:43am | 119Among Louis Navellier's small cap picks, is Rentech (AMEX: RTK). This stock is a green energy pick and the company is cashing in on its patented Rentech Process and its Rentech-SilvaGas biomass gasification technology. According to Navellier, the shares are trading down around $1.00, which is well...
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Restructuring World: Major Spin-Offs From Major Companies (AIG, PUK, AMR, BAC, BCS, BP, GE, GENZ, HBC, LMT, MDR, MOT, STR, SUN, VZ, FTR, VSH)
Monday, June 21, 2010 - 7:47am | 346Restructuring never ends in many large corporations. After a week’s worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems that many of America’s (and ex-US) largest companies are about to go through major changes because of asset...
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Cramer Likes MRO
Friday, June 18, 2010 - 5:06pm | 108On CNBC's Stop Trading, Listen to Cramer!, Jim Cramer said that investors are talking about refiners and their great margins. People are buying Tesoro Corporation (NYSE: TSO), but Cramer likes Marathon Oil Corporation (NYSE: MRO) better. Jim Cramer believes that Marathon Oil Corporation (MRO) is...
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Orphan Status for Allos Drug in EU - Analyst Blog
Friday, June 18, 2010 - 4:04pm | 476Recently, Allos Therapeutics (ALTH) received orphan drug status from the European Commission (EC) for Folotyn (pralatrexate) for the treatment of cutaneous T-cell lymphoma (CTCL). The candidate is being evaluated in an early-stage study to treat patients suffering from relapsed or refractory CTCL...
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Company News for June 18, 2010 - Corporate Summary
Friday, June 18, 2010 - 9:57am | 170• Goldman Sachs (NYSE:GS) added shares of Williams Companies (NYSE:WMB) to its Conviction Buy list with a price target of $28. The shares had been rated as a "buy" • FBR reiterated its "market perform" opinion of Intel (NASDAQ:INTC), with a price target of $30 • RBC upgraded Tesoro (NYSE:TSO) from...
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Benzinga’s Top Upgrades (ATU, TSO, BP, EMN)
Friday, June 18, 2010 - 7:12am | 147Actuant Corporation (NYSE: ATU) was upgraded by Janney Montgomery from “neutral” to “buy.” ATU’s shares closed at $19.95 yesterday. Actuant’s quarterly earnings rose 36.84%. RBC Capital Markets upgraded Tesoro Corporation (NYSE: TSO) from “underperform” to “sector perform.” TSO’s shares closed at $...
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Stocks To Watch For June 18 (SUN, THC, BP, SKS)
Friday, June 18, 2010 - 6:46am | 342Some of the stocks that may grab investor focus today are: Standard & Poor's Ratings Services is likely to downgrade the rating of Sunoco (NYSE: SUN), as the company is planning to separate its SunCoke Energy unit from its business. Patrick Jeffrey, an S&P credit analyst, mentions, "We...
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RBC Capital Ups TSO To Sector Perform
Friday, June 18, 2010 - 6:16am | 53Analysts at RBC Capital Markets upgrade Tesoro Corporation (NYSE: TSO) from "underperform" to "sector perform." The target price for TSO has been raised from $11 to $13. TSO’s shares fell 1.08% to close at $11.86 yesterday. More Analyst Ratings here