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Company News for April 26, 2010 - Corporate Summary
Monday, April 26, 2010 - 9:30am | 238• Charles River (NYSE:CRL) announced plans to acquire China’s WuXi PharmaTech (NYSE:WX) for $21.25 in cash and common shares, a deal valued at $1.6 billion • Hertz (NYSE:HTZ) plans to buy Dollar Thrifty (NYSE:DTG) for $41, 80% in cash and 20% in stock, for $1.2 billion total • Citigroup (NYSE:C)...
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Stock Market News for April 26, 2010 - Market News
Monday, April 26, 2010 - 9:30am | 439A strong report on new home sales and better-than-expected earnings from American Express sent stocks higher Friday and helped the Dow average register its 11th gain in the last 12 trading sessions. On Friday, the Dow average rose 70 points, or about 0.6%, for its eighth straight weekly advance....
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BlackRock Q1 Profits Quadruple; Misses Consensus
Monday, April 26, 2010 - 9:14am | 136The world’s biggest money manager, BlackRock Inc (NYSE: BLK), announced today that its first-quarter earnings have quadrupled after the acquisition of Barclays Global Investors, which added the largest lineup of exchange-traded funds (ETFs) at BLK, apart from more than doubling the assets to more...
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BlackRock Q1 Profits Quadruple; Misses Consensus
Monday, April 26, 2010 - 9:12am | 136The world’s biggest money manager, BlackRock Inc (NYSE: BLK), announced today that its first-quarter earnings have quadrupled after the acquisition of Barclays Global Investors, which added the largest lineup of exchange-traded funds (ETFs) at BLK, apart from more than doubling the assets to more...
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BlackRock (BLK) Earnings Skyrocket
Monday, April 26, 2010 - 8:01am | 133Investment management firm BlackRock, Inc. (NYSE: BLK) on Monday morning released financial results that failed to meet Wall Street expectations, despite a huge rise in earnings and revenue. BlackRock reported that its 1st quarter profit jumped to $423 million, or $2.17 per share, up from $84...
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Stocks To Watch On April 26 (CAT, TXN, BLK, AMP, WHR)
Monday, April 26, 2010 - 6:24am | 191Some of the companies that are expected to see active trade today are: Caterpillar (NYSE: CAT) is expected to post its EPS at $0.39 for the first quarter. CAT’s shares gained 1.88% to close at $68.78 on Friday. Financial analysts expect Texas Instruments (NYSE: TXN) to have earned $0.51 per share...
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Financial Sector Inches Up To Add To Early Weekly Gains
Monday, April 26, 2010 - 5:21am | 449US financial stocks were nudged higher on Friday with the help of bank shares, exchange operators and impressive credit card earnings. Both the Financial Select Sector SPDR Fund and the SPDR KBW Bank Fund swung back and forth between negative and positive territory on Friday. While the Financial...
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Financials Strong After Good Quarterly Numbers (AXP, COF, FII, XLF)
Friday, April 23, 2010 - 11:59am | 143Financial stocks opened higher after strong quarterly numbers from American Express Co. (NYSE: AXP). The Financial Select Sector SPDR ETF (NYSE: XLF) is close to a 3% gain for the week. According to MarketWatch, Capital One Financial Corp. (NYSE: COF) and American Express (AXP) stock were up after...
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T. Rowe Price Group (TROW) Reports $153 Million In First-Quarter Profit
Friday, April 23, 2010 - 9:34am | 84T. Rowe Price Group, Inc. (NASDAQ: TROW) reported its first-quarter results today. The asset manager reported a profit of $153 million in its first-quarter, up from $48.2 million reported for the same period last year. Diluted EPS came in at $0.57, up from $0.19 reported in the first-quarter of...
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Janus Capital Group (JNS) Shares Fall 6%
Thursday, April 22, 2010 - 2:43pm | 131Janus Capital Group, Inc. (NYSE: JNS) released financial results on Thursday morning that just missed Wall Street estimates and sent the stock falling. Janus Capital Group reported that it swung to a 1st quarter profit of $31.3 million, or 17 cents per share, from a loss of $818.1 million, or $5.22...
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Market Roundup (BX, GS, CTL, Q, LCC, UAUA, CAL, AIG)
Thursday, April 22, 2010 - 2:00pm | 321Blackstone (NYSE: BX) is sticking with Goldman Sachs (NYSE: GS) as BX’s CEO Stephen Schwarzman continues to have full faith in the ethics of the financial firm. He said that he hasn't doubted the firm in 40 years of their work relationship. He added, "We’re a major client of Goldman’s and will...
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Blackstone Earnings Come In Ahead Of Estimates (BX)
Thursday, April 22, 2010 - 11:18am | 125Today, prior to the opening bell, private equity firm the Blackstone Group (NYSE: BX) reported a first quarter net loss of $121.38 million, compared to a loss of $231.57 million in the year ago period. Total revenues came in at $701.2 million versus $44.9 million in last year's corresponding...
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State Street Named by Marshall Wace to Provide Investment Services for New Exchange Traded Fund
Thursday, April 22, 2010 - 11:16am | 198State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has been appointed to provide investment services(...)Read the rest of State Street Named by Marshall Wace to Provide Investment Services for New...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:37am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...
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Subpoena To Moody's Triggers Fall In Financials (MS, MCO, WFC, STT, HBAN, KEY, FITB, MI, ZION, CMA)
Thursday, April 22, 2010 - 7:36am | 305Financial stocks, which had moved up in early trading on upbeat results from Morgan Stanley (NYSE: MS), closed lower yesterday, after a congressional panel probing the financial crisis subpoenaed credit rating agency Moody's Corp (NYSE: MCO). MCO had allegedly failed to comply with a request for...