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Blackstone (BX) Confirms Plans To Back A Launch Of Retail Group In UK
Monday, January 25, 2010 - 12:11pm | 137Stephen Schwarzman, the chief executive of US based private equity investor Blackstone Group L.P. (NYSE: BX), has confirmed the group’s plan to back the launch of a retail bank in the UK. In a conference in Riyadh, Saudi Arabia, Schwarzman said that Blackstone was looking at entering the retail...
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Stocks That Have Hiked Their Dividend In The Week Ending January 22, 2010 (EPHC, CVS, PNR, LNT, SJR, LLTC)
Friday, January 22, 2010 - 8:51am | 337Epoch Holding (NASDAQ: EPHC) shares closed at $10.28, down 5.95%. EPHC had raised its dividend by 66.7% and its current dividend yield stands at 1.80%.Read more on this stock. CVS Caremark Cp (NYSE: CVS) shares fell 1.80% to $33.24. CVS had raised its dividend by 14.8%, bringing its yield to 1%....
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JPMorgan, Goldman To Be Forced To Sell Off Private Equity Businesses? (JPM, GS, BX)
Friday, January 22, 2010 - 8:44am | 188There may be a requirement for JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs Group Inc (NYSE: GS) to sell off some of their private equity business entities and put an end to buyout investing, according to a report in Bloomberg. This is according to a plan made by President Obama to set a...
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LM Back In Black; Hurt By Outflows
Thursday, January 21, 2010 - 11:11am | 163Legg Mason Inc (NYSE: LM), one of the country's leading asset managers, swung to fiscal third-quarter profits from a year-earlier loss. However, LM’s profits for the quarter fell sequentially on $0.11 per share of losses tied to real estate leases and $24 billion in outflows. Baltimore-based LM...
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Company News for January 21, 2010 - Corporate Summary
Thursday, January 21, 2010 - 10:29am | 337• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...
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Earnings Round-up For January 20 (MS, BK, NTRS, COH, STT, SLM, PGR, MI, HCBK, MTB, EBAY, SBUX, STX)
Thursday, January 21, 2010 - 8:35am | 792It was a day when financials ruled, with companies like Bank of New York Mellon, Bank of America and Morgan Stanley reporting their earnings. The earnings reported before the bell are: Morgan Stanley (NYSE: MS): The financial services firm reported $0.14 a share of continuing operating earnings on...
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Loss Of Cadbury May Hit Hershey’s Market Share (CBY, HSY, KFT, GBL)
Wednesday, January 20, 2010 - 9:21am | 185Hershey Co.’s (NYSE: HSY) third failed effort to merge with Cadbury Plc (NYSE: CBY) in eight years may leave the U.S. chocolate maker and the charitable trust that controls it grappling to retain investors and market share. Kraft Foods Inc. (NYSE: KFT) said yesterday its 11.9 billion-pound ($19.5...
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Benzinga’s Earnings Roundup (IGTE, COH, BAC, COV, STT, USB)
Wednesday, January 20, 2010 - 9:00am | 497iGATE Corporation (NASDAQ: IGTE) reported today a fourth quarter revenue from continuing operations of $52.4 million, from $51.5 million for the same quarter last year. Net income from continuing operations increased to $8.6 million from $6.8 million in the last year. iGATE Corporation closed at $...
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Bank Of New York Mellon 4th Quarter Profits Jump
Wednesday, January 20, 2010 - 8:06am | 145The Bank of New York Mellon Corp. (NYSE: BK) reported that it's 4th quarter earnings had risen due to the performance of its asset management services and despite the the negative effect that lower interest rates had on net interest revenue and fees. Net income rose to $594 million up from $66...
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Estimates Lowered For SEI Investments (SEIC)
Wednesday, January 20, 2010 - 7:35am | 113SEI Investments (NASDAQ: SEIC) has emerged from the bottoms hit during Q2 FY2009. According to a report released by Janney Capital Markets yesterday, SEI Investment’s largest segment, Private Banking, has posted Year over Year declines for the past five quarters. The company is also likely to...
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The Bank of New York Mellon Corporation Tops Estimates
Wednesday, January 20, 2010 - 7:33am | 26The Bank of New York Mellon Corporation (NYSE: BK) reports $0.59 vs $0.51 consensus. BK's revenues $3.3B vs $3.28B consensus.
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A Different ETF For Financial Earnings (KCE)
Tuesday, January 19, 2010 - 8:43pm | 198There are plenty of money center and regional banks reporting earnings this week, but their former investment bank peers like Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) are not likely to get lost in the shuffle. Morgan Stanley and State Street (NYSE: STT) deliver results on Wednesday...
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LMT Does RERP Modernization - Analyst Blog
Monday, January 18, 2010 - 1:04pm | 403Lockheed Martin Corp. (LMT) recently inducted its second C-5 Galaxy strategic transport into the Reliability Enhancement and Re-engining Program (RERP) production line at its Marietta, Georgia, facility. Currently, the Air Force expects Lockheed Martin to deliver 52 C-5Ms by 2016. Three C-5Ms,...
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Jim Cramer Comments On CMS, DTE, BWP, ACAS
Saturday, January 16, 2010 - 4:02pm | 217CNBC's Mad Money Jim Cramer said that he likes CMS Energy Corporation (NYSE: CMS) and added that he would also recommend DTE Energy Company (NYSE: DTE). Both stocks closed in the red zone on Friday, CMS Energy (CMS) closed 0.70% down, while DTE Energy (DTE) dropped 0.81%. Boardwalk Pipeline...
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Reviewing Recent Sales
Friday, January 15, 2010 - 4:10pm | 1660Thought it would be helpful to review positions we have exited over the past 3-4 weeks to see how they have done since we left. Almost all of these (perhaps all) were sold due stocks that had broken support, and I believed better near term money making opportunities could be found somewhere else...