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Blackstone (BX) Raises $9bn For Its Sixth Global Buyout Fund BCP VI
Thursday, January 14, 2010 - 5:54pm | 138Blackstone Group (NYSE: BX), the private equity giant, has raised about $9bn for its sixth global buyout fund, BCP VI. Although Blackstone had started the fund raising process around two years ago, it faced quiet a few hindrances, with the major one being the global financial crisis. Pension and...
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$1 Trillion In ETF Assets
Wednesday, January 13, 2010 - 3:17pm | 118ETFs, or exchange traded funds, have topped the trillion dollar mark according to a report from BlackRock (NYSE: BLK). The report asserts that worldwide ETF assets reached a peak of $1.032 trillion at the end of 2009 which represented a 45% increase on the year. Global hedge fund assets for the...
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Is 2010 Going To Make Metal Investors Rich?
Wednesday, January 13, 2010 - 3:46am | 392Morgan Stanley says metal prices may average 32 percent higher this year because of strengthening industrial production, driven by growth in China. According to analysts Melbourne-based Peter Richardson, the economic outlook has improved materially in response to unprecedented fiscal and monetary...
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Steady Outlook For Franklin Resources (BEN)
Tuesday, January 12, 2010 - 11:26am | 125Analyst reports from two major research houses concerning Franklin Resources (NYSE: BEN) are in agreement about the company’s prospects. Jeffries & Company has rated the company as Hold while FBR Capital Markets have rated it as Market Perform. There is however a slight variation in price...
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Growth & Income In One? It's Possible - PSEC, PVG, CEL
Tuesday, January 12, 2010 - 1:16am | 143Before dismissing the idea of strong dividend yields and big growth as being impossible to achieve in one stock, take a look at Prospect Capital Corporation (PSEC), Penn Virginia GP Holdings LP (PVG), and Cellcom Israel Ltd. (CEL). All three have surprisingly strong results on both fronts. Cellcom...
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BlackRock Inc. (BLK) Reports 12.73 Pct Stake In Saks Incorporated (SKS)
Monday, January 11, 2010 - 12:07pm | 79BlackRock Inc (NYSE: BLK), the world's biggest fund manager, reported a 12.73 percent stake in Saks Incorporated (NYSE: SKS), according to a regulatory filing on Friday. The filing with the Securities and Exchange Commission reported that BlackRock Inc. owned about 20.3 million shares in Saks...
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Company News for January 11, 2010 - Corporate Summary
Monday, January 11, 2010 - 10:16am | 197• Heineken plans a $7.7 billion all-stock purchase of the beer division of Fomento Economico Mexicano • Goldman Sachs (NYSE:GS) cut its rating on Northern Trust (NASDAQ:NTRS) from "buy" to "neutral." The price target was $54 on the shares • Deutsche Bank (NYSE:DB) reiterated its "buy" rating on...
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BLK Poised to Gain Market Share
Friday, January 8, 2010 - 11:35am | 131Analysts at Goldman Sachs maintain their "buy" rating on BlackRock Inc (NYSE: BLK). According to Goldman Sachs, BlackRock is well positioned to gain market share due to the breadth of its product offerings, following the completion of the BGI acquisition. BLK has a favorable tilt towards global...
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BlackRock's Crystal Ball into 2010 and the Next Decade
Thursday, January 7, 2010 - 11:45pm | 1175By Dian L. Chu, Economic Forecasts & Opinions BlackRock, Inc. (BLK) Vice Chairman Bob Doll has been putting out annual predictions for 15 years. Doll, who helps oversee about $3.2 trillion at BlackRock, the world’s biggest asset manager, just released his ten predictions for 2010 and for the...
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Market Round-up (JNS, IIVI, ZIGO, KFT, CBY, BRK.A, BA, AZN, TEVA)
Thursday, January 7, 2010 - 2:20pm | 316Janus Capital (NYSE: JNS) has hired Pimco Advisory head Richard Weil as its new CEO. JNS had been on the lookout for someone with an operational background after Gary Black resigned in mid 2009, following his failure to stop a decline in investor asset. Military/industrial component manufacturer II...
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AngioDynamics Beats Estimate - Analyst Blog
Wednesday, January 6, 2010 - 5:10pm | 566AngioDynamics, Inc. (ANGO) reported second quarter fiscal 2010 earnings per share of 13 cents, beating the Zacks Consensus Estimate of 11 cents and the year-ago earnings of 12 cents. The company also reported an expansion in its top-line and raised the sales outlook for the entire year. Sales Net...
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Benzinga’s Volume Movers (SLXP, CAAS, WPRT, TKTM, HRBN)
Tuesday, January 5, 2010 - 2:34pm | 266Salix Pharmaceuticals Ltd (NASDAQ: SLXP) shares have gained 6.37% to reach $27.71. The volume of SLXP shares traded was 655% higher than normal. SLXP’s shares moved up sharply after analysts at Piper Jaffray said that street consensus underestimates the revenue potential of the Xifaxan...
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iShares Gains Market Share In 2009 Even As Competition Intensifies (EEM, VWO)
Tuesday, January 5, 2010 - 1:36pm | 333iShares ETFs, which held about 47.7% of all US ETF assets in 2008, increased its AUM to $373 billion, or about 50.1% of the assets in all U.S. ETFs, according to fund researcher Morningstar Inc. The gain is impressive considering the intense competition. Companies like State Street Corp.(NYSE: STT...
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Miller Expects US Economy To Return To Its Earlier Strength
Wednesday, December 30, 2009 - 1:08pm | 154The famous fund manager of Legg Mason (NYSE: LM), Bill Miller, is close to regaining his top position as the best manager, after losing his 15-year record in 2006. Miller is betting on the return of the US economy to its old strength. The data posted by Morningstar Inc (NASDAQ: MORN) in Chicago...
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Benzinga’s Top Pre- Market Losers (CBAK, JASO, JNJ, QGEN, ACAS, MPEL, EGLE)
Wednesday, December 30, 2009 - 9:36am | 360China BAK Battery Inc.’s (NASDAQ: CBAK) has decreased $0.95 or 26.10% to $2.69 in the pre-market session after China BAK’s Chief Financial Officer, Tony Shen, today said in an interview that China BAK hasn’t won any orders from Google Inc. (NASDAQ: GOOG). The 52-week trading range for CBAK is $0....