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Senator Dodd’s Newly Proposed Bill Will Hurt Financial ETFs
Tuesday, March 16, 2010 - 1:10pm | 2088“Although the future of reform legislation remains unclear, a recent bill proposed by Senator Christopher Dodd (D., Conn.) could potentially hinder the financial sector and its exchange traded funds,” Kevin Grewal Reports From The Street. Grewal goes on to say, “This new proposed reform, which is...
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Benzinga’s Top Pre-Market Losers (BSX, SQNM, UWBK, PSEC)
Tuesday, March 16, 2010 - 8:23am | 271Boston Scientific Corporation (NYSE: BSX) decreased 0.15% to $6.79 in the pre-market session. Boston Scientific announced yesterday that it has received Australian Therapeutic Goods Administration approval for its PROMUS Element and TAXUS Element Stent Systems, the Company's drug eluting stent (DES...
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State Street To Launch Seven New Bond ETFs
Tuesday, March 16, 2010 - 2:44am | 196State Street Global Advisors, the ETF issuing arm of State Street (NYSE: STT), has field plans to introduce seven new bond ETFs. The new ETFs are the following: The SPDR S&P Agency Bond ETF, the SPDR Barclays Capital Corporate Bond ETF, the SPDR Barclays Capital Corporate Industrial Bond ETF,...
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Broad Directionality In Markets; Daniel Mudd
Monday, March 15, 2010 - 4:44pm | 119Daniel Mudd, CEO of Fortress Investment Group LLC (NYSE: FIG), believes that the there is a broad directionality in markets right now. Mudd gave his views on the markets in an interview with the Financial Times. Mudd, who is the former CEO of Fannie Mae (NYSE: FNM), also believes that the...
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Cephalon Ests Up on Guidance - Analyst Blog
Monday, March 15, 2010 - 12:46pm | 928Earnings estimates for Cephalon, Inc. (CEPH) have gone up significantly following the issuance of a better-than-expected guidance by the company. Cephalon exited 2009 on a strong note with both fourth-quarter and full-year earnings exceeding expectations. Cephalon reported fourth-quarter earnings...
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Two Russia ETFs: Do We Need Both?
Monday, March 15, 2010 - 2:32am | 301The SPDR S&P Russia ETF (NYSE: RBL) made its debut last Thursday becoming the first rival to the Market Vectors Russia ETF (NYSE: RSX), one of the most popular and best performing emerging markets ETFs of the past year. Choice is usually a good thing for investors, but when it comes to Russia,...
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Outlining My Trading Strategy
Thursday, March 11, 2010 - 7:03am | 737I remain in awe of the market. Despite a steady stream of news that is either poor or unremarkable, this market continues higher. Although we have not witnessed blockbuster, high-volume days that crush the bears, a steady climb has allowed prices to approach those of recent weeks. Although I'm...
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Frank Holmes: Good Time Of The Year For The Energy Sector (SJT, XLE, USO, CVX, COP)
Tuesday, March 9, 2010 - 11:04am | 271Despite continued high inventories, oil prices continued to climb and exceeded $82 intraday yesterday. The recent rise in oil prices has been attributed to tension with Iran, the global economy and momentum in the stock market. According to the CEO and CIO of US Global Investors (NASDAQ: GROW),...
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Frank Holmes: Good Time Of The Year For The Energy Sector (SJT, XLE, USO, CVX, COP)
Tuesday, March 9, 2010 - 10:53am | 271Despite continued high inventories, oil prices continued to climb and exceeded $82 intraday yesterday. The recent rise in oil prices has been attributed to tension with Iran, the global economy and momentum in the stock market. According to the CEO and CIO of US Global Investors (NASDAQ: GROW),...
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Eaton Vance Is Latest Mutual Fund Firm To Give Actively Managed ETFs A Try
Tuesday, March 9, 2010 - 3:20am | 188Mutual fund issuer and asset manager Eaton Vance (NYSE: EV) has become the latest player from the mutual fund business to signal its intent to become involved with actively managed after filing plans with the SEC to launch five actively managed ETFs focusing on the investment-grade U.S. debt market...
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Eaton Vance Corp Plans To Jump Into The ETF Arena With Active ETFs
Monday, March 8, 2010 - 7:07pm | 56“The parade of mutual fund companies jumping into the ETF business continues. The latest entrant: Eaton Vance Corp. (EV). The Boston money manager, known in part as one of the largest players in the closed-end fund business, asked the Securities and Exchange Commission for legal exemptions to allow...
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Lew Sanders Launches Own Asset Management Firm, Says Barron’s (AB)
Monday, March 8, 2010 - 4:17pm | 169Barron’s reports that AllianceBernstein’s (NYSE: AB) former CEO Lew Sanders, who retired in 2008, is back in the game, but this time, managing his own money-management firm, Sanders Capital. Launched in late 2009, the company has about $3.5 billion in assets under management. Sanders says that he...
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Company News for March 8, 2010 - Corporate Summary
Monday, March 8, 2010 - 10:40am | 206• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...
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Bank of New York Mellon (BK) Buying German Businesses
Monday, March 8, 2010 - 10:13am | 109Bank of New York Mellon Corporation (NYSE: BK) announced that it would pay 253 million euros, or $343 million, to acquire BHF Asset Servicing GmbH from BHF Bank AG and Sal. Oppenheim Jr. & Co. Bank of New York Mellon Corporation said that the deal would include the fund administration affiliate...
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Jim Cramer Likes NLY, Dislikes AMAT, BX,
Saturday, March 6, 2010 - 6:00pm | 231Jim Cramer said on CNBC's Mad Money Lightning Round OT that Applied Materials (NASDAQ: AMAT) conference call is the reason why this stock can't make a break through. WSJ had an article on Applied Materials (AMAT) that suggested that the company is expecting a strong growth. The headline would have...