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New Price Targets For BX, KRA, KKR
Monday, October 4, 2010 - 9:45am | 53Oppenheimer reiterates ratings for the following: Blackstone Group (NYSE: BX) Outperform, price target lowered from $20 to $17 Kraton Performance Polymers (NYSE: KRA) Outperform, price target raised from $35 to $40 KKR & Co. (NYSE: KKR) Outperform, price target raised from $14 to $15
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Is Waddell & Reed a Competent Company? (WDR)
Friday, October 1, 2010 - 2:45pm | 345Today, it was announced that a single sale of $4.1 billion in futures contracts by mutual fund company Waddell & Reed (NYSE: WDR) was the reason for the so-called flash crash on May 6. Regulators at the Securities and Exchange Commission and the Commodity Futures Trading Commission outlined the...
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AllianceBernstein Acquires Alternative Investments Group from SunAmerica (AB)
Friday, October 1, 2010 - 12:19pm | 88AllianceBernstein L.P. (NYSE: AB) today announced that it has acquired SunAmerica's alternative investments group, a team that manages a portfolio of hedge fund and private equity fund investments. "We are pleased to add to our alternative investment capabilities this exceptional hedge fund and...
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Blackstone: Capital Difficult To Raise
Thursday, September 30, 2010 - 2:03pm | 140Bloomberg is reporting that the president of Blackstone Group LP (NYSE: BX), Tony James, believes that there simply is not enough capital to go around in today's market to fund all of the opportunities he is seeing. “In 2005 and 2006, if you put it out well, you could raise as much as you could...
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9-29-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, September 29, 2010 - 11:21am | 4688Associated Press Stocks slip as European protests worsen debt fears Stocks falter in early trade, following European markets lower on austerity protests NEW YORK (AP) — Stocks slipped in early trading Wednesday as a wave of protests against austerity measures in Europe brought new worries about...
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iShares Announces Launch of Three New iShares Emerging Markets ETFs
Wednesday, September 29, 2010 - 9:46am | 82BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business launched three new iShares emerging markets ETFs on the NYSE Arca. The new funds are the iShares MSCI Brazil Small Cap Index Fund (EWZS), iShares MSCI China Small Cap Index Fund (ECNS) and the...
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Timing Is Everything - Legg Mason Inc
Wednesday, September 29, 2010 - 8:03am | 137Citi have tweaked their earning estimates on Legg Mason, Inc. (NYSE: LM) to reflect the net impact of refined synergy time line plus the September market impact. In a research report Citi writes "We lower our F11 (March) estimate $0.15 to $1.75 to reflect more exact accounting of upcoming expense...
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Top 4 Stocks In The Asset Management Industry With The Highest Operating Margin (SILU, AB, GBDC, KFN)
Wednesday, September 29, 2010 - 5:49am | 129Below are the top asset management stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at Sprott Resource Lending Corp O (AMEX: SILU) is 155.37%. SILU's quarterly earnings soared 76.60% y/y. The trailing-twelve-month operating margin...
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State Street Expands Relationship with Babson Capital (STT)
Tuesday, September 28, 2010 - 1:00pm | 58State Street Corporation (NYSE: STT) announced today that it is expanding its relationship with Babson Capital Management LLC to provide investment operations and technology services. Today's announcement builds on State Street's existing relationship with Babson Capital whereby State Street has...
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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, September 28, 2010 - 9:30am | 343Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ACI Worldwide Inc (ACIW) The Advisory Board Co (ABCO) American Superconductor Corp (AMSC) Ameriprise Financial Inc (AMP) Arctic Cat Inc (ACAT) View the entire Zacks #1 Rank List. ADVISORY BOARD (ABCO): Free Stock Analysis...
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Bond & Equity Markets Realigning 09-27-2010
Monday, September 27, 2010 - 6:31pm | 852Cusick's Corner The market sold off into the close, realigning the Bond and Equity markets today. In previous months this situation held true, “as Bond yields go, so does the market” only to be decoupled this month up until today. The 10 year pulled back hard today, and into the last half hour of...
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Epoch Holding Corp. Vice-President Sells 20,800 Shares of EPHC
Monday, September 27, 2010 - 5:07pm | 61In a Form 4 filed after the bell today, Epoch Holding Corp. (NASDAQ: EPHC) Vice-President, Philip Clark, reported that he sold 20,800 shares of EPHC on September 24th-27th for an average price of $12.49. The transaction totaled $259,792. This sale was 10b5-1 Plan indicated. Mr. Clark owns 1,053,537...
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iShares Announces Changes to Its Semiconductor ETF Including Changing to the PHLX Semiconductor Sector Index
Monday, September 27, 2010 - 4:55pm | 218BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business, the world's largest provider of ETFs, is changing the index, name, ticker and primary(...)Read the rest of iShares Announces Changes to Its Semiconductor ETF Including Changing to the PHLX...
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M&A Activity Continues 09-27-2010
Monday, September 27, 2010 - 4:00pm | 801Cusick's Corner This has been a whippy session and the market is now off the lows of the day. Heading into the end of the month, September has had quite an impressive rally with the S&Ps up 9% so far in September. Watch for some potential profit taking, some money managers may be looking to...
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Monday's Put/Call Ratio Leaders (IRF, NTRS, HRB, MAR, PG)
Monday, September 27, 2010 - 1:34pm | 138Here is a quick peak at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. International Rectifier Corp. (NYSE: IRF) 3,110 puts, 5 calls 2. Northern Trust Corp. (NASDAQ: NTRS) 3,216 puts, 36 calls 3. H and R Block (NYSE: HRB) 3,214 puts, 71 calls 4. Marriott...