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Greek Bond Buyers Want More Action from Greece (IVZ)
Friday, March 5, 2010 - 6:03pm | 114Invesco Ltd.(NYSE: IVZ), a global investment management company managing assets worth $423 billion, expected more action from the Greek government to resurrect its finances. Invesco reduced its holdings of Greek bonds in the fourth-quarter as worries about the country’s fiscal position mounted....
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Market Roundup (MSFT, GOOG, PSEC, ALD, ARCC, AAPL, AIG, TRH, RCNI)
Friday, March 5, 2010 - 3:08pm | 308Microsoft (NASDAQ: MSFT) said it will continue its strategy to expand its share in China’s Internet search market, regardless of the outcome of the spat between Google (NASDAQ: GOOG) and China. MSFT wants to aggressively promote its search and cloud computing services in the country. Prospect...
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Atlantic Equities Initiates Coverage of Ameriprise Financial (AMP) With Overweight Rating
Friday, March 5, 2010 - 9:48am | 152Atlantic Equities analyst Alan Devlin initiated coverage of Ameriprise Financial, Inc. (NYSE: AMP) with a rating of Overweight and a price target of $53. According to the Atlantic Equities analyst, Ameriprise Financial has the greatest return on equity among its peers and will probably be one of...
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Fast Money Picks For March 5th (CX, BX, TEX, WSM)
Thursday, March 4, 2010 - 8:38pm | 138Tim Seymour thinks that investors should buy Cemex SAB de CV (ADR) (NYSE: CX) on Friday. Cemex (CX) fell 2.18% on Thursday and it closed at $9.86, with a volume of 7.12M traded shares. Guy Adami recommends The Blackstone Group L.P. (NYSE: BX), while Gary Kaminsky likes Terex (NYSE: TEX). Blackstone...
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Blackrock Plans To Broaden Its Lineup Of ETFs In Japan
Tuesday, March 2, 2010 - 4:58pm | 64BlackRock Inc (BLK) plans to broaden its lineup of exchange-traded funds as part of efforts to expand its Japanese operations, the Nikkei business daily said citing an interview with the chief executive of the U.S. asset management company. Last December’s acquisition of Barclays Global Investors...
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State Street Corp. (STT) Seeks Europe and Asia Acquisition
Monday, March 1, 2010 - 4:03pm | 265According to Bloomberg, Joseph Hooley, State Street Corp.’s (NYSE: STT) Chief Executive Officer, said that the firm is looking for acquisitions in Europe and Asia. The third-largest custody bank looks to increase its earnings by 15 percent year on year by such acquisitions. The company is...
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Canadian Banks Still Pay Juicy Dividends (AXP, JPM, TD, RY)
Monday, March 1, 2010 - 12:49pm | 1110Last Wednesday the markets were comforted by Fed chairman Ben Bernanke’s comments that the US economy is in a nascent recovery that requires interest rates to be kept low. Banks are breathing a sigh of relief that the recent rise in the discount rate will not lead to significant rate increase....
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Fortress Investment Group’s (FIG) Price Target Lowered
Friday, February 26, 2010 - 8:22pm | 83Analyst Daniel Fannon at Jefferies & Company, Inc. has lowered the price target for Fortress Investment Group LLC (NYSE: FIG) from $5 to $4.50. According to Jefferies, the industry trends for Fortress are improving, however the outlook for fee generation remains uncertain, and investment...
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American Capital Ltd.’s (ACAS) Fourth-Quarter Review
Thursday, February 25, 2010 - 9:20pm | 106Analysts at Stifel Nicolaus have released a report reviewing the fourth-quarter results at American Capital Ltd. (NASDAQ: ACAS). The company reported a solid quarter as it continued the deleveraging process. The company reported NOI of $0.07 per share, which missed the consensus estimate by $0.01...
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Blackstone Group L.P. (BX) Reports Strong Results For The Fourth-Quarter
Thursday, February 25, 2010 - 9:00pm | 95Private equity firm Blackstone Group L.P. (NYSE: BX) posted strong results for the fourth-quarter. Blackstone reported economic net income of $329 million or $0.29 per share, which was higher than the consensus estimate of $0.20 per share. The company had a loss of $764 million in the same period...
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Benzinga’s Top Pre-Market Losers (GPRE, FIG, DYN, FWLT, FSLR)
Thursday, February 25, 2010 - 9:45am | 316Green Plains Renewable Energy Inc. (NASDAQ: GPRE) decreased 5.60% to $16 in the pre-market session. Green Plains Renewable Energy announced yesterday that it is undertaking a proposed offering of 5,000,000 shares of its common stock. The 52-week trading range for GPRE is $1.12 - $17.97. Green...
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Top 5 Stocks For February 25, 2010 (BX, DPS, HNZ, KSS, GPS)
Thursday, February 25, 2010 - 9:03am | 253Some of the companies that may come into the limelight today are those that are reporting their results. While Blackstone Group (NYSE: BX), Dr. Pepper Snapple (NYSE: DPS), Heinz (NYSE: HNZ) and Kohl's (NYSE: KSS) are declaring their results before the bell, Gap (NYSE: GPS), Live Nation (NYSE: LYV...
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Carlyle Group Signs A Deal With Fosun Group (BX)
Wednesday, February 24, 2010 - 4:07pm | 128Leading Private equity firm, Carlyle Group, has entered into a partnership with Fosun Group. Fosun Group is one of the largest Chinese conglomerates with business interests around the world. The partnership will boost the private equity firm’s foray into the Chinese market. Fosun group deals in...
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Eaton Vance Earnings (EV)
Wednesday, February 24, 2010 - 2:42pm | 118Asset management firm Eaton Vance (NYSE: EV) reported an increase in Q1 income this morning before the opening bell. The company had net income of $46.24 million or $0.37 per share versus $24.7 million or $0.21 per share in the year ago period. Wall Street analysts had been expecting the company to...
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Fortress Price Target And Rating Reinstated By Macquarie (FIG)
Wednesday, February 24, 2010 - 10:33am | 192Analysts Roger Smith and Campbell Anthony from Macquarie reinstated their stance on shares of Fortress Investment Group (NYSE: FIG). Their previous $6 price target is unchanged as well as their Neutral rating on the stock. This could be good news as Fortress has been getting a lot of negative press...