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Citi Has $210 Target On Blackrock
Thursday, December 9, 2010 - 9:04am | 102Citi Investment Research has a $210 price target and a Buy rating on BlackRock, Inc. (NYSE: BLK). In a note sent to investors Citi writes, "Affirm Buy & $210 12-mo. target post 12/8 webcast by Chairman & CEO – we like BLK into YE/early 2011, and the discussion reinforced that view. The...
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Barclays Capital Upgrades JNS To Overweight
Thursday, December 9, 2010 - 8:55am | 52Analysts at Barclays Capital upgrade Janus Capital Group Inc (NYSE: JNS) from "underweight" to "overweight." The target price for JNS has been raised from $11 to $16. JNS' shares gained 1.20% to close at $11.78 yesterday. More Analyst Ratings here
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Ameriprise: A 'Prudent' Pick in Financials (AMP)
Wednesday, December 8, 2010 - 1:04pm | 117"Spun-off from American Express in 2005, Ameriprise Financial (NYSE: AMP) is in the midst of a transformation from an insurer to a full-blown money management firm," notes long-term value investor John Buckingham. The editor of The Prudent Speculator explains, "Eyeing an opportunity to gather...
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Pzena Investment Management, Inc. November 30 Assets under Management $14.5B
Tuesday, December 7, 2010 - 5:17pm | 24Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary November assets under management of $14.5B.
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AIG's Nan Shan Attracts Bidders - Analyst Blog
Tuesday, December 7, 2010 - 3:00pm | 1030After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...
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AIG's Nan Shan Attracts Bidders - Analyst Blog
Tuesday, December 7, 2010 - 2:30pm | 1030After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...
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Frank Henze Joins State Street Global Advisors as Head of SPDR® Exchange Traded Funds, Asia-Pacific
Tuesday, December 7, 2010 - 2:15pm | 138State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced the appointment of Frank Henze to a newly-created(...)Read the rest of Frank Henze Joins State Street Global Advisors as Head of SPDR® Exchange Traded Funds, Asia-Pacific...
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Options Brief: Fortress Investment Group (FIG)
Tuesday, December 7, 2010 - 11:17am | 101Shares of Fortress Investment Group LLC (NYSE: FIG) are higher on the session by 2.02%, trading at $5.04. Overall put volume is now running at 3.94x the daily average, with 31% of all puts traded being purchases on the offer. 1,416 contracts have traded on the session so far. Fortress Investment...
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Trading Halted in Orexigen Therapeutics
Tuesday, December 7, 2010 - 9:27am | 164Trading in Orexigen Therapeutics (NASDAQ: OREX) is halted by NASDAQ. News is pending on the company. Orexigen Therapeutics, Inc. (Orexigen) is a biopharmaceutical company focused on the development of pharmaceutical product candidates for the treatment of obesity. Its combination product candidates...
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Citigroup Slightly Lower In After-Hours Trading After Common Share Sale
Monday, December 6, 2010 - 5:55pm | 99Citigroup's (NYSE: C) announcement today of a sale of 2.4 billion shares of common stock affects Blackrock (NYSE: BLK), State Street, (NYSE: STT) and the US Government, some of the large holders. US Treasury seeks to underwrite a public offering of approximately 2.4 billion shares, dependent upon...
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BofA Reportedly Meets TARP Exit Requirements
Sunday, December 5, 2010 - 9:40pm | 140Bank of America (NYSE: BAC) the Dow component and largest U.S. bank by assets, has reportedly told federal regulators that it has met the final condition in repaying its $45 billion in bailout funds that it received under TARP. The report initially ran in the Financial Times on Sunday. By reducing...
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iShares Launches Short-Term TIPS Exchange Traded Fund (STIP)
Friday, December 3, 2010 - 12:05pm | 133BlackRock, Inc. (NYSE: BLK) today announced that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, is launching the iShares Barclays 0-5 Year TIPS Bond(...)Read the rest of iShares Launches Short-Term TIPS Exchange Traded Fund (STIP) Copyright 2010...
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Top 4 Small-Cap Stocks In The Property Management Industry With The Highest Dividend Yield (GOOD, ADC, WPC, PCE)
Friday, December 3, 2010 - 6:58am | 123Below are the top small-cap property management stocks on the NYSE and the NASDAQ in terms of dividend yield. Gladstone Commercial Corporation (NASDAQ: GOOD) has a dividend yield of 8.10%. GOOD's shares closed at $18.59 yesterday. Agree Realty Corporation (NYSE: ADC) has a dividend yield of 7.20%....
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PBF To Acquire Sunoco Refinery for $200M
Thursday, December 2, 2010 - 5:24pm | 120PBF Holding Company LLC and its subsidiary, Toledo Refining Company LLC have entered into an agreement to acquire the 170,000 barrel per day Toledo, Ohio refinery and related assets from Sunoco, Inc.. PBF will acquire the facility for approximately $200 million in cash and will enter into a note...
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Northern Trust Acquires Waterline - Analyst Blog
Thursday, December 2, 2010 - 5:00pm | 452Chicago-based Northern Trust Corporation (NTRS) has acquired Los Angeles-based Waterline Partners, LLC, an investment advisory firm, catering to the needs of high profile clients. The company, however, did not disclose any financial terms of the transaction. The acquired firm will be integrated...