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US Stock Futures Signal Weak Start After Long Holiday Weekend
Tuesday, September 7, 2010 - 8:17am | 270US 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 41.00 points to 10,395, while S&P 500 futures...
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10 Top-Ranked Stocks with Big Upside
Tuesday, September 7, 2010 - 7:00am | 375BOSTON (TheStreet) -- The S&P 500 Index has rallied 5% in September as improving economic data reassured investors. The long fixed-income, short-stocks trade appears to be unwinding. Individual investors that need equity exposure should consider the following 10 stocks; they get the highest...
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Benzinga's Top Upgrades (GSK, SI, VE, CM)
Tuesday, September 7, 2010 - 6:44am | 153GlaxoSmithKline Plc (NYSE: GSK) was upgraded by BofA/Merrill from “neutral” to "buy." GSK’s shares closed at $39.29 on Friday. GlaxoSmithKline’s trailing-twelve-month gross margin is 74.31%. UBS upgraded Siemens AG (NYSE: SI) from “neutral” to "buy." SI’s shares closed at $96.43 on Friday. Siemens...
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Benzinga's Top ETF Gainers (DBV, FAS, TYH, TNA)
Friday, September 3, 2010 - 4:42pm | 205Powershares DB G10 Currency Harvest Fund (NYSE: DBV) closed higher today. It gained 6.63% in the regular trading session, but it dropped 3.78% in the after hours. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) continued its uptrend with the fourth consecutive trading session in the...
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Afternoon Market Update (GS, WFC, AAPL, CSCO, INTC, GOOG, TTWO)
Friday, September 3, 2010 - 11:42am | 256The US financial sector gained momentum after the upbeat August nonfarm payrolls data. Shares of Goldman Sachs Group Inc (NYSE: GS) rose about 3.45%, while Wells Fargo & Co (NYSE: WFC) moved up about 2.47%. The Financial Select Sector SPDR Fund (XLF) gained about 1.09%. Gold futures dipped...
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Wells Fargo Names Tim Sloan Chief Administrative Officer (WFC)
Friday, September 3, 2010 - 9:36am | 131Wells Fargo & Company (NYSE: WFC) announced today that Tim Sloan has been named the company’s chief administrative officer, a new position that reports directly to Chairman, President and Chief Executive Officer John G. Stumpf. Effective immediately, the functions of Corporate Communications,...
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China Contacting Others About Possible POT Bid (POT, BHP)
Friday, September 3, 2010 - 9:17am | 196China is looking to derail BHP Billiton's (NYSE: BHP) bid for Potash (NYSE: POT), that much is sure. How they're going to do it is another story. A Reuters report yesterday show that the Chinese, along with its consortium of other investors, approached Alberta Investment Management Corp. about...
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Burger King to be Bought by 3G - Analyst Blog
Friday, September 3, 2010 - 8:36am | 887Burger King Holdings Inc. (BKC), the world’s second-largest hamburger chain after McDonald's Corp. (MCD), announced that it is being acquired by a private investment firm 3G Capital for $24 per share, or $4.0 billion, including the debt of the company. The offer price is at a 46% premium to the...
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Buffett Bids $500M for Wesco Stake - Analyst Blog
Thursday, September 2, 2010 - 6:33pm | 649Following up on his intention of buying 19.9% of Wesco Financial Corp.’s (WSC) holding, Warren Buffett -- Chairman and CEO of Berkshire Hathaway Inc. (BRK.A, BRK.B) -- yesterday formally announced a bid to that effect. The offer laid down by Buffet to buy the rest of Wesco includes a combination of...
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Snap Commentaries From Oppenheimer
Thursday, September 2, 2010 - 11:02am | 460Oppenheimer published these commentaries focusing on energy, technology, healthcare, financial institutions, and consumer & business services. Energy: ExxonMobil Corporation (NYSE: XOM) expects natural gas prices in North American to remain depressed for the next two years, refining margins...
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TD Bank 3Q Profit Jumps 29%
Thursday, September 2, 2010 - 9:19am | 58Toronto-Dominion (NYSE: TD), Canada's second-largest bank, said it third-quarter profit jumped 29% to $1.12 billion, or $1.23 a share, from $868 million, or 96 cents a share a year earlier. Toronto-Dominion attributed strength in its Canadian retail banking business for the profit. The bank is the...
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Benzinga's Top ETF Decliners (SRTY, TZA, FAZ, ERY, EDZ)
Wednesday, September 1, 2010 - 5:28pm | 252ProShares UltraPro Short Russell 2000 ETF (NYSE: SRTY) had the biggest loss among the ETFs today. SRTY dropped 11.36%, as Russell 2000 gained 3.81%. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) also tracks the Russell 2000 Index, and it dropped 11.19% in today's trading session. Direxion...
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Ten Bailed Out Banks Spent $16.3M Lobbying in 1st Half 2010
Wednesday, September 1, 2010 - 2:00pm | 1848Long time readers will know that the best return on investment (ROI for you wonky types) in America is lobbying dollars. For a pittance you can purchase present your case to a Congressman or woman and generate multitudes of that same dollar spent in return. It appears Federal Reserve and Treasury...
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Company News for September 1, 2010 - Corporate Summary
Wednesday, September 1, 2010 - 1:03pm | 726• Joy Global (NASDAQ: JOYG) reported fiscal third quarter earnings ten cents higher than estimated at $1.13, on a 11.1% revenue decline to $850 million, off projections of $877 million • PerkinElmer (NYSE: PKI) agreed to sell its illumination and detection solutions business to a private equity...
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CIC to Expand Morgan Stanley Stake - Analyst Blog
Wednesday, September 1, 2010 - 11:36am | 608On Tuesday, the Federal Reserve Board approved Chinese Investment Corporation’s (“CIC”) bid to buy up to 10% voting stake in Morgan Stanley (MS) as part of an agreement signed in 2007. The Fed allowed the stake purchase after CIC stated that it will not seek controlling interest and will not...