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Aon Prices Senior Notes - Analyst Blog
Wednesday, September 8, 2010 - 6:15pm | 971To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell its notes in...
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UDR Offers Common Shares - Analyst Blog
Wednesday, September 8, 2010 - 1:36pm | 514UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), has recently announced plans to offer 13.5 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 2.0 million shares to cover any over-allotments. BofA Merrill...
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NCR Corp. Inks UniCredit Deal - Analyst Blog
Wednesday, September 8, 2010 - 1:36pm | 576Technology and solutions provider NCR Corp. (NCR) announced that it will offer a software security solution to UniCredit Bank’s multivendor automated teller machines (ATMs). Financial details of the deal were not disclosed. UniCredit Bank, the leading financial services provider in Russia, will...
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Company News for September 8, 2010 - Corporate Summary
Wednesday, September 8, 2010 - 9:39am | 780• Bristol-Meyers (NYSE: BMY) said it agreed to acquire ZymoGenetics (NASDAQ: ZGEN) for $9.75 per share, in a deal valued at 885 million • A Bloomberg report said Vodafone (NASDAQ: VOD) will sell its stake in China Mobile (NYSE: CHL) for $6.6 billion • Smithfield Foods (NYSE: SFD) posted inline...
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World Fuel Services Completes Five-Year Credit Facility
Wednesday, September 8, 2010 - 8:50am | 172World Fuel Services (NYSE: INT) announced today that it has successfully amended and restated its existing credit facility. The amended and restated credit facility allows for borrowings of up to $800 million and is scheduled to mature in September 2015. “We substantially increased the size of our...
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Deutsche's Question Bank September 2010
Wednesday, September 8, 2010 - 8:13am | 462Deutsche Bank has posed some key questions currently facing banks: 1. With NII/NIMs being pressured by continued declines in interest rates, how will banks increase/maintain revenues? 2. After being net sellers of securities in 2Q, the largest US banks have been net buyers of securities so far in...
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Zacks Bull and Bear of the Day Highlights: Ryder System, McDermott International, JPMorgan Chase, Wells Fargo & Company and Bank of America - Press Releases
Wednesday, September 8, 2010 - 8:03am | 1962For Immediate Release Chicago, IL – September 8, 2010 – Zacks Equity Research highlights Ryder System (R) as the Bull of the Day and McDermott International (MDR) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on JPMorgan Chase & Co. (JPM), Wells Fargo &...
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Fast Money Picks For September 8th (BCS, HGSI, IBB, HPQ, UNP)
Tuesday, September 7, 2010 - 7:08pm | 210On CNBC's Fast Money, Tim Seymour recommended investors to buy Barclays PLC (ADR) (NYSE: BCS) on Wednesday. Barclays PLC (ADR) (BCS) slipped 5.67% today, and closed at $19.13. Guy Adami thinks that Human Genome Sciences (NASDAQ: HGSI) should be bought tomorrow. Human Genome Sciences (HGSI) lost 2....
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Boeing Military Aircraft Realigns to Position for Future Growth
Tuesday, September 7, 2010 - 2:08pm | 120The Boeing Company (NYSE: BA) today announced changes within its Boeing Military Aircraft (BMA) business, including consolidating the organization from six divisions to four, to continue to position the company for growth in the current business environment. The realignment of the organization will...
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The Fed Intended to Wind Down Lehman (BCS)
Tuesday, September 7, 2010 - 12:53pm | 151According to an article just published by Bloomberg, the United States Federal Reserve intended to wind down Lehman after the spiraling investment house spun into bankruptcy back in 2008. Citing a Fed lawyer testifying in Lehman’s lawsuit against Barclays Plc., Bloomberg said that the Federal...
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Next Stop, Infrastructure? - Analyst Blog
Tuesday, September 7, 2010 - 11:09am | 813In an effort to rev up the sluggish economic recovery, President Obama has proposed $50 billion in spending to improve the nation’s roads, airports and railways. The President’s speech at a Labor Day event yesterday in Milwaukee, Wisconsin called it a long-term investment intended to create jobs....
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Weakness In European Banks Could Spell Trouble (BCS, UBS, DB, STD, XLF)
Tuesday, September 7, 2010 - 10:51am | 141Once again, the fulcrum of today's trading action appears to center around the financials. In the U.S., the Financial Select Sector SPDR ETF (NYSE: XLF) has shed 1.61% to $14.28. A number of European banks are getting hit hard today, as well. This seems to suggest that investors continue to be...
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Company News for September 7, 2010 - Corporate Summary
Tuesday, September 7, 2010 - 9:33am | 833• Air Products & Chemicals (NYSE: APD) raised its offer for Airgas (NYSE: ARG) to $65.50 from $63.50 per share, equalling $5.5 billion • Oracle (NASDAQ: ORCL) announced the appointment of former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd as co-President • Goldman Sachs (NYSE: GS) added Oracle...
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A Peek Into The Market Before The Trading Starts
Tuesday, September 7, 2010 - 9:17am | 558Pre-open movers US stock futures are signaling a lower start on the Wall Street today, after a long holiday weekend. Shares of Barclays Plc (NYSE: BCS) might suffer after the company named its new chief executive. Futures on the Dow Jones Industrial Average dropped 51.00 points to 10,385, while S...
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Bob Diamond Named As CEO At BCS
Tuesday, September 7, 2010 - 8:56am | 187Barclays Plc (NYSE: BCS) announced on Tuesday that Robert E. Diamond Jr. would take over as its new CEO with effect from March next year. Robert, as the chief of BCS’ securities unit, assisted the bank with the acquisition of Lehman Brothers in the US. In addition to this, he has been responsible...