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AIG Settles $146M Lawsuit - Analyst Blog
Wednesday, December 29, 2010 - 2:33pm | 731Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and...
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AIG Settles $146M Lawsuit - Analyst Blog
Wednesday, December 29, 2010 - 2:00pm | 731Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional taxes and...
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Blackstone Bidding On Centro Properties Group (BX)
Wednesday, December 29, 2010 - 9:29am | 285According to the Wall Street Journal, Blackstone (NYSE: BX) is bidding on Centro Properties Group. Blackstone made a preliminary offer which is known as an "indicative bid" by the Dec. 17 deadline set by the Australian shopping-center owner Centro. The size of the bid is not known as of yet, but...
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Afternoon Market Update (KEY, ZION, STI, FITB, STT, GNW, MNKD, GOOG, DELL, ORCL)
Tuesday, December 28, 2010 - 1:10pm | 235Shares of regional banks were the top gainers in the financial sector. The gainers in the list included KeyCorp (NYSE: KEY), Zions Bancorp (NASDAQ: ZION), SunTrust Banks Inc (NYSE: STI) and Fifth Third Bancorp (NASDAQ: FITB). The Standard & Poor's 500 stock index lost about 0.03%, while the...
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Prospect Capital Provides $15 Million in Secured Financing to Palladium for Acquisition of Jordan Health
Tuesday, December 28, 2010 - 8:32am | 43Prospect Capital Corporation (NASDAQ: PSEC) announced today that Prospect has made a second lien secured debt investment of $15 million to support the acquisition of Jordan Healthcare Holdings, Inc. by affiliates of Palladium Equity Partners, LLC.
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Calamos Investments Statement on ARPS Lawsuit (CLMS)
Monday, December 27, 2010 - 5:17pm | 130Calamos Investments (NASDAQ: CLMS) announced that a law firm has re-filed a putative class action lawsuit, previously announced on August 16, 2010 and later voluntarily dismissed, on behalf of an asserted class of common shareholders of Calamos Convertible and High Income Fund (NYSE:CHY - News),...
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Market Drift 12-27-2010
Monday, December 27, 2010 - 3:32pm | 767Cusick's Corner The market is drifting back and forth like the snow. Trading volumes are pretty low today, some traders are still on holiday and the blizzard on the East Coast kept many traders home. The rest of the week may be rather quiet unless there are some major domestic or international...
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12-23-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, December 23, 2010 - 12:20pm | 4201David K. Randall, AP Business Writer Stocks flat after mixed economic reports Stocks open flat after consumer spending report disappoints, unemployment claims steady NEW YORK (AP) — A batch of mixed economic reports led to a flat opening for Wall Street Thursday. The Commerce Department said that...
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Thomas Chan-Soo Kang to Join Fortress Investment Group as President, Fortress Asia
Wednesday, December 22, 2010 - 5:18pm | 75Fortress Investment Group LLC (NYSE: FIG) today announced that Thomas Chan-Soo Kang will join the firm as President, Fortress Asia. Mr. Kang will become a member of Fortress's management committee and will have responsibility for business development, capital formation, strategy and management/...
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Benzinga's Top Downgrades (BEN, AEO, GOL, KKD)
Wednesday, December 22, 2010 - 9:33am | 138Franklin Resources Inc (NYSE: BEN) was downgraded by Susquehanna from "positive" to "neutral." BEN's shares closed at $111.90 yesterday. Franklin Resources' PEG ratio is 1.22. American Eagle Outfitters (NYSE: AEO) was downgraded by SunTrust from "buy" to "neutral." AEO's stock closed at $14.77...
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Raymond James Opens STT With Outperform
Wednesday, December 22, 2010 - 7:19am | 51Analysts at Raymond James initiate coverage of State Street Corporation (NYSE: STT) with an “outperform” rating. The target price for STT is set to $58. STT shares rose 1.70% to close at $46.68 yesterday. More Analyst Ratings here
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Waddell & Reed Hits Monthly Target and RPC Inc Awakes
Wednesday, December 22, 2010 - 12:39am | 989Model Portfolio Daily Update: December 21, 2010 Subscribers log in for the full pdf report: This content is for members only. New Actions Required: This content is for members only. Of Note: Waddell & Reed Financial Inc. (WDR) had its price target raised today by Keefe, Bruyette & Woods...
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BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 7:03pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
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BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 6:34pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
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KBW Raises LM Target From $36 To $41
Tuesday, December 21, 2010 - 7:52am | 22KBW is raising its price target on Legg Mason Inc. (NYSE: LM) from $36 to $41.