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Laser Light Engines Secures $13 Million Series B Financing
Tuesday, September 21, 2010 - 8:04am | 120Laser Light Engines (LLE) announced today it has closed a $13 million Series B financing round from returning investors Braemar Energy Ventures and Harris & Harris Group Inc., (Nasdaq: TINY) and from current strategic partner IMAX Corporation, (Nasdaq: IMAX). LLE will use the Series B funds to...
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Dips Being Met with Bids 09-20-2010
Monday, September 20, 2010 - 3:16pm | 778Cusick's Corner Every dip is being met with a bid at this stage. Even though this market is at resistance and in some cases at an overbought stage, do not let that fool you into thinking that it cannot continue. The afternoon action could be interesting – this bid may squeeze the shorts and...
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Companies That Serve as Buyout Targets
Monday, September 20, 2010 - 12:29pm | 312BOSTON (TheStreet) -- When evaluating small-cap stocks, individual investors would do well to emulate private-equity professionals. Focusing on balance sheets and private-market valuations of small companies cuts through the noise sounded by volatile stock markets like today's. After all, price isn...
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Analysis: Private Banks Battling for Advisers to Super-Rich
Monday, September 20, 2010 - 8:32am | 202Recruiting wars in the genteel world of private banking are heating up, with bankers to the super-rich increasingly looking to retail brokerages and wealth management boutiques for new blood. A year after thousands of retail brokers left the largest brokerages to join rivals and independents, the...
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An Emerging Titan In The ETF Business
Sunday, September 19, 2010 - 7:22pm | 362One nifty thing about the evolution of the ETF industry is that while the biggest players like BlackRock's (NYSE: BLK) iShares, State Street's (NYSE: STT) State Street Global Advisors and Vanguard continue to dominate the landscape in terms of assets under management, there has proven to be ample...
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Diamond Hill Investment Group, Inc. Announces Special Dividend
Friday, September 17, 2010 - 4:18pm | 37Diamond Hill Investment Group, Inc. (Nasdaq: DHIL) today announced that its board of directors has approved a $13.00 per share cash dividend to shareholders of record on December 1, 2010 payable December 15, 2010.
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Franklin Resources, Inc. Announces Quarterly Dividend of $.22
Thursday, September 16, 2010 - 4:48pm | 69Franklin Resources, Inc. (NYSE: BEN) announced a quarterly cash dividend of $0.22 per share payable on October 8, 2010 to stockholders of record holding shares of common stock at the close of business on September 30, 2010. The quarterly dividend of $0.22 is equivalent to the dividend paid for the...
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State Street Corporation Announces Quarterly Dividend of $.01
Thursday, September 16, 2010 - 3:29pm | 33State Street Corporation (NYSE: STT) today announced a quarterly dividend of $0.01 per share of common stock, payable October 15, 2010, to stockholders of record as of October 1, 2010.
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Legg Mason's August AUM Trips - Analyst Blog
Thursday, September 16, 2010 - 12:15pm | 538Legg Mason Inc.'s (LM) assets under management (AUM) slipped in August. The company reported preliminary month-end AUM of $656.3 billion for August, down slightly from $659.3 billion at the end of the prior month. However, the August AUM was down nearly by 4% from $681.6 billion in December 2009...
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Citi Sees Strong Growth In Legg Mason Shares (LM)
Thursday, September 16, 2010 - 7:46am | 126Citi Investment Research sees potential for Legg Mason (NYSE: LM) to hit $44 in one year, and has put a Buy rating on shares of the money manager. In the research note Citi says, "Combo of inflecting attrition; improving margins; active capital management; and compelling valuation drive our...
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AGNC Declares Dividend - Analyst Blog
Wednesday, September 15, 2010 - 12:15pm | 502American Capital Agency Corp. (AGNC), a leading real estate investment trust (REIT), has recently declared a third quarter cash dividend of $1.40 per share. American Capital Agency is one of only a few companies to have increased its dividend during the economic downturn. The current payout...
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Gabelli Enterprise Mergers and Acquisitions Fund Awarded 5 Stars
Wednesday, September 15, 2010 - 9:54am | 74GAMCO Investors, Inc. (NYSE: GBL) announces that Morningstar, Inc. has awarded a 5 star rating, as of August 31, 2010, to the Gabelli Enterprise Mergers and Acquisitions Fund (EMAAX), a $200 million open-end fund that invests in target companies of potential and announced mergers and acquisition...
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Invesco's AUM Declines in August - Analyst Blog
Tuesday, September 14, 2010 - 7:13pm | 457On Friday, Invesco Ltd. (IVZ) reported its preliminary month-end assets under management (AUM) of $573.8 billion for the month of August, down 1.1% from $580.3 billion in July 2010. Excluding exchange traded funds (ETFs), Unit Investment Trust (UIT) and passive funds, AUM was $494.5 billion. ...
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State Street Global Advisors Launches First Global Natural Resources ETF (GNR)
Tuesday, September 14, 2010 - 2:46pm | 152State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today announced that the SPDR® S&P® Global Natural Resources ETF(...)Read the rest of State Street Global Advisors Launches First Global Natural Resources ETF (GNR) Copyright 2010...
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AllianceBernstein Gives Mixed Outlook
Tuesday, September 14, 2010 - 11:34am | 121In a recent report from Citigroup, AllianceBernstein (NYSE: AB) announced AUM declined 3.1%. The variance reflects deppeer institution attrition including “one off” account loss. Though according to Citi, ex the “one off” low fee passive account loss, underlying attrition is generally in-line...