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Cephalon Beats & Guides Higher - Analyst Blog
Friday, February 12, 2010 - 10:00am | 905Cephalon, Inc. (CEPH) exited 2009 on a strong note with both fourth quarter and full year earnings exceeding expectations. The company reported fourth quarter earnings of $1.66 per share, 6 cents above the Zacks Consensus Estimate, and 13.7% above the year-ago earnings. Full year earnings came in...
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IPO Setbacks For Blackstone Reveal Barriers Faced By Buyout Firms (BX)
Friday, February 12, 2010 - 9:19am | 138The recent setbacks faced by private equity firm Blackstone (NYSE: BX) to exit its investments through an IPO has shown the limited options available to private equity firms to return cash to its investors, and restore investor confidence in the leveraged buyout business. “Going forward, we’re...
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Goldman Sachs Ups Gamco Investors (GBL) To Neutral
Thursday, February 11, 2010 - 11:56am | 51Analysts at Goldman Sachs upgrade Gamco Investors Inc (NYSE: GBL) from "sell" to "neutral." GBL had recently declared impressive results for its latest quarter. GBL’s shares closed at $40.38 yesterday. Read more about the market
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Twitter Names Pixar Finance Chief As CFO (DIS)
Wednesday, February 10, 2010 - 9:50pm | 140Twitter has named Ali Rowghani, the Chief Financial Officer at Pixar Animation Studios (NYSE: DIS) as its new CFO. Ali Rowghani is expected to join the internet start-up in March. Twitter is currently exploring ways to generate revenue streams through advertising and other services. The...
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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest Dividend Yield (NLY, CIM, MFA, AB, BX)
Wednesday, February 10, 2010 - 6:39am | 165Below are the top 5 small-cap financial stocks on the NYSE and NASDAQ in terms of dividend yield. The forward annual dividend yield at Annaly Capital Management Inc (NYSE: NLY) is 16.7%. The return on equity for NLY is 23.22%. The forward annual dividend yield at Chimera Investment Corporation (...
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Alkermes Retains Neutral Rec - Analyst Blog
Monday, February 8, 2010 - 5:49pm | 713We maintain our Neutral rating on Alkermes, Inc. (ALKS) with a price target of $11.50. Alkermes is a drug delivery biotech company which uses its proprietary specialized drug delivery technologies to develop drugs for the treatment of central nervous system (CNS) disorders, alcoholism and diabetes...
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Updated: China’s sovereign wealth fund buys some Apple (AAPL)
Monday, February 8, 2010 - 6:43am | 1163Lou Jiwei, Chairman of China Investment Corp Update: February 8, 2010: Thanks to a recent regulatory filing (SEC 13F), China’s sovereign wealth fund China Investment Corporation (CIC) provided a rare glimpse into its U.S. listed assets ($9.63 billion). CIC...
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Fortress Investment Group Under Severe Pressure (FIG)
Friday, February 5, 2010 - 2:57pm | 167Shares of Fortress Investment Group (NYSE: FIG) have been under extreme selling pressure throughout the trading session. Furthermore, the stock did not gap lower and there does not appear to be any news out to account for the sell off. Rather, investors and traders have been selling this name...
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Och-Ziff Capital Management Down To Neutral
Thursday, February 4, 2010 - 8:53am | 38Analysts at Goldman Sachs downgrade Och-Ziff Capital Management Group LLC (NYSE: OZM) from "buy" to "neutral." The target price for OZM is set to $16. OZM’s shares closed at $ 14.39 yesterday.
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Janus Capital Climbs To Buy
Thursday, February 4, 2010 - 8:49am | 36Analysts at Goldman Sachs upgrade Janus Capital Group Inc (NYSE: JNS) from "neutral" to "buy." The target price for JNS is set to $16.50. JNS’ shares closed at $12.12 yesterday.
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Mutual Fund Heavyweights From Boston Seen Slipping (MORN, STT)
Wednesday, February 3, 2010 - 10:21am | 173There were 3 Boston based mutual funds among the top 10 in US mutual funds in 1999. However, it seems that these companies have lost favor with retail investors based on their traditional stock-picking strategies, leading to a much reduced market share. Fidelity Investments, MFS Investment...
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Top 5 Stocks For February 3, 2010 (CSCO, V, AMP, CMCSA, IP)
Wednesday, February 3, 2010 - 8:08am | 222Five stocks that warrant attention today are: Cisco Systems (NASDAQ: CSCO) is expected to post earnings of $0.30 when it ports after the close today. CSCO’s shares gained 0.87% in pre-market trading, after moving up 1.28% to close at $23.02 yesterday. Visa Inc (NYSE: V), the credit card kingpin,...
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Bank of New York Mellon Favors Expansion Over Dividends, Buybacks
Wednesday, February 3, 2010 - 4:44am | 155On the day his company acquired PNC Financial's (NYSE: PNC) global investment servicing business for $2.31 billion, Bank of New York Mellon (NYSE: BK) CEO Bob Kelly said his company favors expansion over boosting its dividend or repurchasing shares. Kelly claims that shareholders prefer the company...
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CEPH Enters Generics Market - Analyst Blog
Tuesday, February 2, 2010 - 2:23pm | 504Cephalon Inc. (CEPH) has recently signed a deal which should mark the company’s entry into the generics business. The company announced that it intends to acquire Mepha AG, a privately held Swiss generic drug company for approximately $590 million (CHF 622.5 million). This deal is in-line with...
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Fidelity Slashes Online Fees
Tuesday, February 2, 2010 - 2:00pm | 142Fidelity Investments has jumped into the price war that has broken out between online brokers. Fidelity is cutting its commissions to $7.95 per trade. In addition, the mutual fund giant said that retail customers will not pay fees on 25 iShares ETFs offered by BlackRock Inc. (NYSE: BLK). "We regard...