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Biogen Idec and Neurimmune Announce Agreement (BIIB)
Monday, December 20, 2010 - 5:02pm | 417Biogen Idec (NASDAQ: BIIB) and Neurimmune Holding AG today announced that Biogen Idec has acquired a subsidiary of Neurimmune, which includes the world-wide rights to three pre-clinical immunotherapy programs. The three programs are focused on the discovery and development of novel human antibodies...
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Legg Mason Announces Realignment of Its Senior Management Team
Monday, December 20, 2010 - 9:00am | 221Legg Mason Inc., (NYSE: LM) today announced that it has realigned its senior management responsibilities as it focuses on its future growth opportunities. The new leadership team will have clear responsibilities for key strategic areas of the business as Legg Mason enters calendar year 2011,...
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A Peek Into The Market Before The Trading Starts
Monday, December 20, 2010 - 8:59am | 509Pre-open movers US stock futures are higher this morning, ahead of year-end holidays. The tensions on the Korean peninsula are also in focus. Futures on the Dow Jones Industrial Average rose 37 points to 11,467 and S&P 500 futures gained 5.60 points to 1,244. Nasdaq 100 futures moved up 11...
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JP Morgan Downgrades BEN To Neutral
Monday, December 20, 2010 - 8:22am | 52Analysts at JP Morgan downgrade Franklin Resources Inc (NYSE: BEN) from “overweight” to “neutral.” The target price for BEN has been lowered to $117 from $134. BEN shares lost 1.47% to close at $114.60 on Friday. More Analyst Ratings here
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J.P. Morgan Downgrades Franklin Resources (BEN)
Monday, December 20, 2010 - 8:08am | 130J.P. Morgan Chase & Co. is downgrading Franklin Resources (NYSE: BEN) to Neutral from Overweight, and cut its price target to $117 from $134. In a research report sent to clients, J.P. Morgan notes, "We downgrade Franklin to Neutral from Overweight. We see definitive, albeit limited, data of a...
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J.P. Morgan Lowers BEN Rating From OW To Neutral; PT Drops To $117
Monday, December 20, 2010 - 7:31am | 38J.P. Morgan has announced that it has downgraded shares of Franklin Resources, Inc. (NYSE: BEN) from Overweight to Neutral. J.P. Morgan has also dropped its PT from $134 to $117.
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Lam Research Looks Attractive
Monday, December 20, 2010 - 3:35am | 1185Ascendere Weekly Ranking Update: December 17, 2010 Subscribers log in for the full pdf report:This content is for members only. Every week we update our list of the highest quality and lowest quality stocks as defined by four key factors: 1) Relative Value; 2) Operating Momentum; 3) Analyst...
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[Video] Business Development Companies (BDCs) - One Way to Find Yield
Saturday, December 18, 2010 - 12:48pm | 984The great thing about the markets is it is a never ending learning process; there is always something new to discover whether a niche sector or new stock. All these years in the market and I had never really investigated Business Development Companies (BDCs) until the past month. In in a low...
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Franklin Declares Share Buyback - Analyst Blog
Friday, December 17, 2010 - 5:09pm | 474In an effort to return wealth to investors and boost their confidence in the stock, Franklin Resources Inc. (BEN) announced an increase in quarterly dividend as well as an addition to its stock repurchase program. Franklin hiked its quarterly dividend by 14% to 25 cents per share and announced...
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Franklin Declares Share Buyback - Analyst Blog
Friday, December 17, 2010 - 4:39pm | 474In an effort to return wealth to investors and boost their confidence in the stock, Franklin Resources Inc. (BEN) announced an increase in quarterly dividend as well as an addition to its stock repurchase program. Franklin hiked its quarterly dividend by 14% to 25 cents per share and announced...
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ETFs: Welcome To The $1 Trillion Club
Friday, December 17, 2010 - 3:42pm | 155It's official. Exhange traded products listed in the U.S., including ETFs and ETNs, surpassed $1 trillion in combined assets under management on Thursday. To be exact, the figure is $1.027 trillion, according to BlackRock (NYSE: BLK), owner of iShare, the largest U.S> ETF issuer. That lofty...
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Options Brief: Franklin Resources (BEN)
Friday, December 17, 2010 - 3:14pm | 92Shares of Franklin Resources (NYSE: BEN) are lower on the session by 1.70%, trading at $114.33. Overall call volume is now running at 2.91x the daily average, with 57% of all calls traded being purchases on the offer. 1,641 contracts have traded on the session so far. Franklin Resources, Inc. is a...
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Stocks To Watch For December 17 (RIMM, TTWO, STT, ORCL, ACN)
Friday, December 17, 2010 - 4:33am | 242Some of the stocks that may grab investor focus today are: Research In Motion Ltd (NASDAQ: RIMM) reported its Q3 earnings at $1.74 per share, up from $1.10 per share, in the year-ago period. The company's revenue surged 40% y/y to $5.49 billion. RIMM shares gained 2.13% to $60.50 in after-hours...
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LUK Completes 30% Stake Sale - Analyst Blog
Thursday, December 16, 2010 - 6:30pm | 453Leucadia National Corporation (LUK) announced the completion of a 30% stake sale in Cobre Las Crucescopper mining project to Canada's Inmet Mining Corp. As disclosed earlier, the transaction value was approximately $480 million and additionally, LUK was released from a guarantee of $72 million...
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LUK Completes 30% Stake Sale - Analyst Blog
Thursday, December 16, 2010 - 5:52pm | 453Leucadia National Corporation (LUK) announced the completion of a 30% stake sale in Cobre Las Crucescopper mining project to Canada's Inmet Mining Corp. As disclosed earlier, the transaction value was approximately $480 million and additionally, LUK was released from a guarantee of $72 million...