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S&P Downgraded Ameriprise Financial (AMP) from Buy to Hold
Monday, April 19, 2010 - 6:35pm | 157S&P downgraded Ameriprise Financial (NYSE: AMP) from Buy, to Hold, based on price appreciation, in the Apr. 22, edition of The Outlook. Since market mavens have been decrying the lack of the individual investor in this stock rally, one wonders if Ameriprise, which is the old American Express...
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Paulson Buys 13% Stake In American Capital (ACAS)
Monday, April 19, 2010 - 4:09pm | 172American Capital (NASDAQ: ACAS) has agreed to sell 13% of itself to John Paulson. The markets reacted favorably to the news, sending American Capital (ACAS) stock up 14%. The deal will provide the company with resources to restructure its debt. American Capital had offered $295 million worth of...
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BX Initiated With Market Perform
Monday, April 19, 2010 - 9:40am | 44Analysts at BMO Capital initiate coverage of Blackstone (NYSE: BX) with a "market perform" rating. Shares of BX declined 2.44% to $14.38 in the pre-market session. More Analyst Ratings here.
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Top Stocks of Maryland
Monday, April 19, 2010 - 2:44am | 878The state of Maryland is centrally located in the mid Atlantic region, close to the Nation’s capital and some of the most populated areas of the United States. Its economy has grown to include the aerospace and defense sector which is made up of 2,600 companies and pays an average salary of $93,000...
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Leading ETF Firm Celebrates 10th Anniversary While Achieving Asset Gathering Milestone
Wednesday, April 14, 2010 - 10:29am | 159BlackRock, Inc. (NYSE: BLK) today announced its Exchange Traded Fund (ETF) platform, iShares, has reached global Assets under Management (AUM) of US$509 billion as of March 31, 2010(...)Read the rest of Leading ETF Firm Celebrates 10th Anniversary While Achieving Asset Gathering Milestone Copyright...
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Franklin's Growth Trajectory To Continue To Support Premium Valuation
Tuesday, April 13, 2010 - 3:09pm | 174Analysts at FBR Capital Markets maintain their "market perform" rating on Franklin Resources Inc (NYSE: BEN). The target price for BEN has been raised from $118 to $121. Franklin Resources reported a 5.5% sequential increase in its AUM for March end. According to FBR Capital Markets, “The increase...
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Zacks Bull and Bear of the Day Highlights: Vodafone Plc, Kinder Morgan Energy Partners, Cephalon, Inc., Teva and Mylan - Press Releases
Tuesday, April 13, 2010 - 8:00am | 1395For Immediate Release Chicago, IL – April 13, 2010 – Zacks Equity Research highlights Vodafone Plc (VOD) as the Bull of the Day and Kinder Morgan Energy Partners (KMP) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Cephalon, Inc. (CEPH), Teva (TEVA) and Mylan (MYL)....
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March ETF Stats: Inflows Continue
Tuesday, April 13, 2010 - 1:42am | 299The National Stock Exchange released monthly ETF data and the year-over-year numbers are quite extraordinary. Assets in exchange traded products rose to a record $819.8 billion last month, a rise of 68% from March 2009. By the end of March, there were 971 exchange traded products listed on U.S....
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GMAC To Sell European Business To Fortress (FIG)
Monday, April 12, 2010 - 5:51pm | 148GMAC Inc. is planning to sell its European mortgage business assets to Fortress Investment Group LLC (NYSE: FIG). Under the new agreement, GMAC’s Residential Capital unit will transfer 10% of its total assets to funds affiliated with Fortress. GMAC expects to break-even on the transaction. The...
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Cephalon Buys Generic Drug Co. - Analyst Blog
Monday, April 12, 2010 - 5:00pm | 483Cephalon, Inc. (CEPH) recently announced the completion of its acquisition of Mepha AG, a privately-held Swiss generic drug company, for CHF 662.4 million (approximately $615.4 million). This acquisition marks Cephalon’s entry in the generics market. This deal is in-line with Cephalon’s goal to...
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Fortress Investment Group Moving Higher On News Of European Mortgage Purchases (FIG)
Monday, April 12, 2010 - 2:05pm | 185Shares of Fortress Investment Group (NYSE: FIG) began spiking sharply about an hour ago, moving from $4.69 to over $5.00 on heavy volume. Currently, the stock is 8.15% higher on the day at $5.04. The activity in the shares comes on the heels of news that affiliates of a number of the alternative...
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Roche to Expand Rituxan Label - Analyst Blog
Friday, April 9, 2010 - 1:00pm | 510Recently, Roche and Biogen Idec (BIIB) submitted a supplemental Biologics License Application (sBLA) to the US Food and Drug Administration (FDA) for the label expansion of Rituxan (rituximab). The sBLA aims to expand the usage of Rituxan, approved for non-Hodgkin’s lymphoma, to include...
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High Yielding Stocks That Analysts Recommend
Thursday, April 8, 2010 - 9:58am | 432According to an article in TheStreet, complacency could put an end to the growth in the stock market that has rallied in 2010. Traders can gain a margin of safety by buying dividend paying stocks. The three high-yielding stocks that are recommended by a majority of the analysts as "buy" are:...
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Blackstone Group LP (BX) And Calpers Clash Over Placement Agents Fees
Wednesday, April 7, 2010 - 2:30pm | 482According to a report by Bloomberg, the world’s largest private equity firm, Blackstone Group LP (NYSE: BX) is challenging a California Public Employees’ Retirement System (Calpers) proposal prohibiting money managers from giving contingency fees to middlemen who help win pension fund contracts....
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Bove Is Bullish on Banks (XLF)
Tuesday, April 6, 2010 - 6:44pm | 222Rochdale Securities analyst Dick Bove is bullish on three major banks. On CNBC's Fast Money, Bove suggested that investors get long Citigroup (C), Goldman Sachs (GS), and the Bank of New York (BK) ahead of earnings. He believes that these three banks will report strong quarterly earnings and are...