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NRG Energy Lowers Guidance - Analyst Blog
Friday, November 26, 2010 - 5:33pm | 676Energy generation company NRG Energy Inc. (NRG) announced a downward revision of its 2011 guidance due to the exclusion of 3,884 megawatts (MW) of gas assets in California and Maine from its generation fleet. The exclusion was due to the rejection by Dynegy Inc.'s (DYN) shareholders of Blackstone...
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Broadridge to Acquire Matrix - Analyst Blog
Friday, November 26, 2010 - 5:33pm | 522New York-based global outsourcing service provider Broadridge Financial Solutions Inc. (BR) inked a deal to acquire financial services provider Matrix Financial Solutions Inc. for a cash consideration of roughly $201.0 million. The deal is expected to close before the end of the calendar year....
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T. Rowe Upgraded to Outperform - Analyst Blog
Friday, November 26, 2010 - 4:00pm | 711We have upgraded our recommendation on T. Rowe Price Group Inc. (TROW) to Outperform from Neutral based on its above-average organic growth rate, strong debt-free balance sheet and robust earnings. T. Rowe Price's third quarter 2010 earnings came in at 64 cents per share, significantly up from...
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What's Hot on TheStreet
Friday, November 26, 2010 - 12:17pm | 231Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Where Does Dynegy Go From Here? Where does Dynegy (NYSE: DYN) go from here? The deal between Dynegy and leveraged buyout firm Blackstone Group (NYSE: BX) was doomed on Tuesday, when the companies announced that...
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Broadridge to Acquire Matrix - Analyst Blog
Friday, November 26, 2010 - 12:15pm | 522New York-based global outsourcing service provider Broadridge Financial Solutions Inc. (BR) inked a deal to acquire financial services provider Matrix Financial Solutions Inc. for a cash consideration of roughly $201.0 million. The deal is expected to close before the end of the calendar year....
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NRG Energy Lowers Guidance - Analyst Blog
Friday, November 26, 2010 - 11:50am | 676Energy generation company NRG Energy Inc. (NRG) announced a downward revision of its 2011 guidance due to the exclusion of 3,884 megawatts (MW) of gas assets in California and Maine from its generation fleet. The exclusion was due to the rejection by Dynegy Inc.'s (DYN) shareholders of Blackstone...
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Duke Energy Thinks Out of The Box - Analyst Blog
Friday, November 26, 2010 - 11:30am | 626Charlotte, North Carolina based Duke Energy Corporation (DUK) is thinking beyond its traditional electricity generation utility space. Trying to diversify its renewable energy portfolio, the company signed an agreement with Tokyo-based ITOCHU Corporation to collaborate on advanced energy...
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T. Rowe Upgraded to Outperform - Analyst Blog
Friday, November 26, 2010 - 9:56am | 711We have upgraded our recommendation on T. Rowe Price Group Inc. (TROW) to Outperform from Neutral based on its above-average organic growth rate, strong debt-free balance sheet and robust earnings. T. Rowe Price's third quarter 2010 earnings came in at 64 cents per share, significantly up from...
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Duke Energy Thinks Out of The Box - Analyst Blog
Friday, November 26, 2010 - 5:47am | 626Charlotte, North Carolina based Duke Energy Corporation (DUK) is thinking beyond its traditional electricity generation utility space. Trying to diversify its renewable energy portfolio, the company signed an agreement with Tokyo-based ITOCHU Corporation to collaborate on advanced energy...
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Janus Faces Insider Trading Probe - Analyst Blog
Wednesday, November 24, 2010 - 6:34pm | 614Janus Capital Group Inc. (JNS) has hogged the headlines for the wrong reason. In a filing with the Securities and Exchange Commission (SEC), the company has revealed that it has received an enquiry from the authorities in an insider trading investigation on Wall Street. While Janus has expressed...
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Charlie Gasparino On Citadel
Wednesday, November 24, 2010 - 1:19pm | 74Charlie Gasparino tweeted that it's business as usual at Citadel Investment Group, the large hedge fund run by Ken Griffin. Yesterday Citadel was named in the FBI insider trading case, along with several other prominent hedge funds. SAC Capital, Diamondback and Loch Capital were also targets. The...
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Dynegy Rejects Blackstone Deal - Analyst Blog
Wednesday, November 24, 2010 - 1:12pm | 556Asset management and financial services company The Blackstone Group's (BX) dream to acquire Houston-based merchant generator, Dynegy Inc. (DYN) went bust with the latter rejecting the proposal at a special shareholder meeting for the purpose. Earlier faced with a lukewarm response from...
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BB&T Upgraded to Neutral - Analyst Blog
Wednesday, November 24, 2010 - 1:12pm | 595We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T's third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the...
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Benzinga's Political Round Up
Wednesday, November 24, 2010 - 12:59pm | 152The Irish government will seek a $100 billion bailout, as it looks to shore up public sector spending and its banks, such as Allied Irish (NYSE: AIB). The General Motors (NYSE: GM) IPO put the U.S. Treasury recovery of TARP funds past $250 billion. The Federal Reserve lowered its outlook for...
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Janus Faces Insider Trading Probe - Analyst Blog
Wednesday, November 24, 2010 - 12:54pm | 614Janus Capital Group Inc. (JNS) has hogged the headlines for the wrong reason. In a filing with the Securities and Exchange Commission (SEC), the company has revealed that it has received an enquiry from the authorities in an insider trading investigation on Wall Street. While Janus has expressed...