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NRG Announces Asset Acquisitions
Monday, August 16, 2010 - 10:49am | 132NRG Energy, Inc. (NYSE: NRG) entered a definitive agreement with one of The Blackstone Group, L.P. (NYSE: BX) affiliates to purchase 3,884 MW of Dynergy, Inc. (NYSE: DYN) assets in California and Maine for $1.36B ($351/kW), according to Ladenburg Thalmann. Ladenburg also reports that in a separate...
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News Summary (BLK, BAC, COF, DELL, PAR)
Monday, August 16, 2010 - 10:30am | 241According to the Treasury Department, foreign investors have purchased a net $44.4 billion of long-term US assets in June, as compared to $35.3 billion in May. The international demand for Treasury has gained slightly to $33.9 billion in June, up from an increase of $32.9 billion in May. According...
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Jefferies Reiterates Hold On Eaton Vance (EV)
Monday, August 16, 2010 - 10:14am | 90Jefferies & Co. is reiterating its Hold rating and $32 price target on shares of Eaton Vance (NYSE: EV) as the mutual fund manager is set to report earnings on August 18. In the report Jefferies & Co. notes, "EV's internal growth remains above average, reflecting its diverse suite of...
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Deutsche Bank Notes Healthy Inflows to Fund Companies (TROW, IVZ)
Monday, August 16, 2010 - 10:14am | 172Deutsche Bank is out with a research report this morning, where it notes that mutual fund companies are continuing to see healthy inflows, with long-term flows steady in July. This was driven largely by stronger fixed income flows, which offset some equity outflows. Money armlet fund flows turned...
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Bank of America to Trim BlackRock Stake? (BAC, BLK)
Monday, August 16, 2010 - 6:03am | 166Bank of America (NYSE: BAC) is considering trimming its stake in asset manager BlackRock (NYSE: BLK), a source familiar with the situation said on Sunday. Bank of America acquired a 34.1% share of BlackRock in its 2008-2009 acquisition of Merrill Lynch. As of March 31, the bank valued the stake at...
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THE GULF OIL SPILL DISASTER
Saturday, August 14, 2010 - 3:30pm | 3623By John Mauldin at Investors Insight: As I mentioned last Monday night in my Outside the Box, I did not make it to Turks and Caicos, but did end up in Baton Rouge for a special seminar on the Deepwater Horizon Gulf oil spill. I have both good news (or maybe more like less-bad news) and bad news...
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Dahlman Rose Reiterates Hold Rating on Dynegy (DYN)
Friday, August 13, 2010 - 4:16pm | 121Dhalman Rose & Co. is out with a research report this afternoon, where it reiterates its Hold rating on Dynegy Inc. (NYSE: DYN). The Dahlman analysts cited the recent news that Blackstone Group (NYSE: BX) has bid $4.50 per share (all cash) for the company in a transaction that would total $4.7...
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BankUnited Coming Back To Market (BX)
Friday, August 13, 2010 - 1:12pm | 137Bank United, one of the casualties of the financial crisis when it collapsed in May of last year is coming back to the public markets via an IPO. The Florida based bank holding company was acquired by private equity firms such as Blackstone (NYSE: BX), Carlyle Group, WL Ross & Co., and...
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Calls Purchased on Fortress Investment Group (FIG)
Friday, August 13, 2010 - 12:55pm | 133Shares of Fortress Investment Group LLC (NYSE: FIG) are higher on the session by 0.78%, currently trading at $3.88. The stock has been moving largely higher over the past six weeks, but is sitting right at resistance via the 50-day moving average. Options traders are buying calls on the name,...
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One Options Trader Believes DYN Will Not See a Higher Bid (DYN, BX)
Friday, August 13, 2010 - 12:07pm | 159Dynegy Inc. (NYSE: DYN) announced this morning that Blackstone Group (NYSE: BX) as agreed to acquire the company in a deal valued at $4.7 billion, including the assumption of debt. Shares of DYN jumped higher on the news, rallying over 59% from yesterday’s closing price, currently trading at $4.43...
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Mid-Day Market Movers (UNCA, PRXI, DYN, ALY)
Friday, August 13, 2010 - 11:22am | 184Unica Corporation (NASDAQ: UNCA) jumped 117.28% to $20.75 at 10:26 am. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million in a cash transaction, valuing UNCA at a premium of 120% over its previous session’s closing price. Premier Exhibitions Inc (NASDAQ: PRXI) shares surged...
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Mid-Day Market Movers (UNCA, PRXI, DYN, ALY)
Friday, August 13, 2010 - 11:21am | 184Unica Corporation (NASDAQ: UNCA) jumped 117.28% to $20.75 at 10:26 am. IBM (NYSE: IBM) has agreed to buy UNCA for $21 per share, or $480 million in a cash transaction, valuing UNCA at a premium of 120% over its previous session’s closing price. Premier Exhibitions Inc (NASDAQ: PRXI) shares surged...
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News Summary (DYN, BX, MIR, CPN, RRI, CMVT)
Friday, August 13, 2010 - 11:19am | 285Crude-oil futures moved up, while the gold futures moved a bit lower after a report showed better-than-expected consumer sentiment in the month August. Crude oil for September delivery gained 0.5% to $76.10 per barrel on the New York Mercantile Exchange (NYMEX). Gold moved slightly down, but kept...
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News Summary (DYN, BX, MIR, CPN, RRI, CMVT)
Friday, August 13, 2010 - 11:18am | 285Crude-oil futures moved up, while the gold futures moved a bit lower after a report showed better-than-expected consumer sentiment in the month August. Crude oil for September delivery gained 0.5% to $76.10 per barrel on the New York Mercantile Exchange (NYMEX). Gold moved slightly down, but kept...
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Dynegy Soars On Its Acquisition News
Friday, August 13, 2010 - 11:15am | 81Shares of Dynegy Inc (NYSE: DYN) are jumping after Blackstone Group (NYSE: BX) agreed to buy DYN in a $4.7 billion deal. DYN’s shares gained 58.99% to $4.42 at 9:53 am. DYN will go private following the deal. Dynegy’s shares have lost 26.46% over the last month and dropped 69.28% so far this year...