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Ameriprise Financial Introduces Active Opportunity ETF Portfolios and Active Diversified Yield Portfolios
Thursday, December 2, 2010 - 1:37pm | 140Ameriprise Financial, Inc. (NYSE: AMP) has introduced Active Opportunity ETF PortfoliosSM investments and Active Diversified Yield Portfolios, the latest in the Active Portfolios investments(...)Read the rest of Ameriprise Financial Introduces Active Opportunity ETF Portfolios and Active...
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Northern Trust Acquires Waterline - Analyst Blog
Thursday, December 2, 2010 - 11:48am | 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...
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NRG Signs Green JV with SunPower - Analyst Blog
Wednesday, December 1, 2010 - 3:11pm | 658Energy generation company NRG Energy Inc. (NRG) announced that its unit NRG Solar and SunPower Corporation (SPWRA) have entered into a joint venture agreement to produce solar power. The NRG unit will make an equity investment of $450 million in the California Valley Solar Ranch project over the...
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State Street In Restructuring Mode - Analyst Blog
Wednesday, December 1, 2010 - 11:00am | 708On Tuesday, State Street Corp. (STT) announced a number of restructuring programs aimed improving efficiency to boost its bottom line. The plan begins immediately and consists of targeted cost initiatives and operational and information technology enhancements through the reduction of both...
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State Street Announces Restructuring Plan (STT)
Wednesday, December 1, 2010 - 10:52am | 116Goldman Sachs published its research report on State Street (NYSE: STT) after STT announced a restructuring plan that is expected to result in $575-$625 million in annual cost saves by the end of 2014. In a note to investors, Goldman Sachs writes, "We view yesterday's announcement as a positive for...
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Northern Trust Announces Acquisition of Waterline Partners
Wednesday, December 1, 2010 - 10:30am | 28Northern Trust (Nasdaq: NTRS) announced today that it has acquired Waterline Partners, LLC. Terms of the agreement were not disclosed.
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 10:30am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Jefferies Raises EPS Estimates on State Street (STT)
Wednesday, December 1, 2010 - 10:27am | 44Jefferies raises its EPS estimates on State Street (NYSE: STT) following STT's announced restructuring plan. Jefferies adjustments listed below: 4Q10 2011 2012 2013 Old GAAP EPS $1.06 $4.32 $4.65 $5.02 New GAAP EPS $0.82 $4.25 $4.61 $5.22 Old operating EPS $0.86 $3.70 $4.00 $4.40...
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NRG Signs Green JV with SunPower - Analyst Blog
Wednesday, December 1, 2010 - 9:42am | 658Energy generation company NRG Energy Inc. (NRG) announced that its unit NRG Solar and SunPower Corporation (SPWRA) have entered into a joint venture agreement to produce solar power. The NRG unit will make an equity investment of $450 million in the California Valley Solar Ranch project over the...
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Jefferies Increases Price Target on State Street (STT)
Wednesday, December 1, 2010 - 8:36am | 20Jefferies increases the price target on State Street (NYSE: STT) from $54 to $55.
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US Stock Futures Signal Higher Start For Wall Street
Wednesday, December 1, 2010 - 7:55am | 254US stock index futures are higher, after better-than-expected factory production data from China. Futures on the Dow Jones Industrial Average gained 119 points to 11,115.00, while S&P 500 futures rose 13.80 points to 1,193.40. Nasdaq 100 futures advanced 21.75 points to 2,138.75. US stock...
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State Street In Restructuring Mode - Analyst Blog
Wednesday, December 1, 2010 - 5:33am | 708On Tuesday, State Street Corp. (STT) announced a number of restructuring programs aimed improving efficiency to boost its bottom line. The plan begins immediately and consists of targeted cost initiatives and operational and information technology enhancements through the reduction of both...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 5:07am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Stocks To Watch For December 1 (ARO, JAS, PSS, STT, ZUMZ)
Wednesday, December 1, 2010 - 4:06am | 174Some of the stocks that may grab the investor focus today are: Wall Street expects Aeropostale Inc (NYSE: ARO) to report its Q3 EPS at $0.66. ARO shares gained 0.63% to $27.20 in after-hours trading. Jo Ann Stores Inc (NYSE: JAS) may report its FQ3 EPS at $1.08. JAS shares lost 2.73% to $47.12 in...
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State Street Cutting 1,400 Jobs
Tuesday, November 30, 2010 - 6:18pm | 35State Street (NYSE: STT) announced it was cutting 1,400 jobs. This is about 5% of the company's workforce. Shares of STT closed today at $43.20, a loss of 50 cents or 1.1%.