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Company News for June 1, 2010 - Corporate Summary
Tuesday, June 1, 2010 - 9:48am | 260• Prudential’s (NYSE:PRU) downwardly revised $30.4 billion offer for AIG’s (NYSE:AIG) Asian life-insurance puts the deal in jeopardy as AIG refuses to accept it • BP (NYSE:BP) shares fell nosedived 14% this morning after the its "top kill" effort failed to stop the estimated 12,000-19,000 barrels...
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Top Analyst Upgrades and Downgrades (AIB, CCE, CSX, GR, HAL, KALU, LVS, NDAQ, NSC, PCLN, UNP, PANL, V)
Tuesday, June 1, 2010 - 8:34am | 381By John Tamny of Forbes It doesn’t require a law degree to understand that all the bashing of President Obama over BP, much like President Bush was criticized for Hurricane Katrina, is a peversion of the Constitution and federal powers. Obama is suffering negative commentary from left, right and...
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Shareholders Grudgingly Approve HSBC’s New Pay Policy (HBC)
Friday, May 28, 2010 - 5:23pm | 129HSBC (NYSE: HBC) has approved a new pay policy for its executives. However, the company was severely chastised by its top investors. At the very same time, the bank also prepared itself for forthcoming challenges. HSBC (HBC) chairman Stephen Green said, “Recovery in the developed world has been...
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Giving You Reasons To Love Bank Stocks (C, BAC, WFC, JPM, USB, KBE)
Friday, May 28, 2010 - 10:23am | 187NEW YORK (TheStreet) -- I was practically all alone on March 18 when I gave you five reasons to steer clear of bank stocks, but it turns out heeding that advice would not have been such a bad idea. The SPDR KBW Bank ETF (NYSE: KBE), which counts Citigroup (NYSE: C), Bank of America (NYSE: BAC),...
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Company News for May 28, 2010 - Corporate Summary
Friday, May 28, 2010 - 9:42am | 205• Royal Dutch Shell (NYSE:RDSA) announced that it agreed to buy privately held East Resources for $4.7 billion in cash to increase its shale gas exposure in North America • Prudential (NYSE:PRU) is reportedly trying to renegotiate its previous $35.5 bid for AIG's (NYSE:AIG) Asian AIA unit, as major...
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Top Analyst Upgrades and Downgrades (IRE, BCSI, FNFG, MON, OVTI, PG, RHT, TGT, WFC, WMT)
Friday, May 28, 2010 - 8:28am | 407Just in time for the US three-day Memorial Day weekend, Fitch has downgraded Spain’s long-term foreign and local currency issuer default ratings to AA+ from AAA. The news wrecked the American market pushing down stocks 1.1% in light afternoon trading. The Spanish government recently released data...
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CIBC Downgrades RY To Sector Performer
Friday, May 28, 2010 - 7:52am | 44Analysts at CIBC World Markets downgrade Royal Bank (NYSE: RY) from "sector outperformer" to "sector perfomer." RY’s shares fell 2.24% to close at $54.14 yesterday. More Analyst Ratings here
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2010 Fund Performance Period 5
Wednesday, May 26, 2010 - 3:30pm | 4279The mutual fund is now on schedule for a late summer.early fall 2010 launch. If, after reading the blog content you might have an interest in participation, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions]...
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Late Market Roundup (CBS, VIA, CMCSA, XOI, DTG, CAR, HTZ, RBS, LYG)
Wednesday, May 26, 2010 - 2:49pm | 342The Executive Chairman of CBS Corp (NYSE: CBS), Sumner Redstone, spelt in an annual meeting that he had no interest in selling his network or Viacom (NYSE: VIA). Over the past few months, speculations had been rife about the acquisition of CBS, following the purchase of NBC by Comcast Corp (NASDAQ...
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CANADA: BMO Financial Group Expands ETF Line-Up To 30 With Addition Of Eight New Funds
Wednesday, May 26, 2010 - 11:39am | 203BMO Financial Group (BMO)(TSX:BMO)(NYSE:BMO), the leading major Canadian financial group in the area of Exchange-Traded Funds (ETFs)*, today announced another significant expansion into(...)Read the rest of CANADA: BMO Financial Group Expands ETF Line-Up To 30 With Addition Of Eight New Funds...
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Mid-Day Market Movers (CJBK, NBIX, MELA, HAFC)
Wednesday, May 26, 2010 - 11:38am | 220Central Jersey Bancorp (NASDAQ: CJBK) climbed 127.27% to $7 by 11:02 am. CJBK is going to be acquired by Kearny Financial (NASDAQ: KRNY) in a $72.3 million all-cash deal. CJBK’s shareholders will receive $7.50 a share, a 143% premium to Tuesday's closing price of $3.08. Neurocrine Biosciences Inc (...
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Credit Suisse Upgrades LYG To Outperform
Wednesday, May 26, 2010 - 6:34am | 41Analysts at Credit Suisse upgrade Lloyds Banking (NYSE: LYG) from "neutral" to "outperform." LYG’s shares dipped 3.48% to close at $3.05 yesterday. More Analyst Ratings here
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Stock Market Movers, Money Makers
Tuesday, May 25, 2010 - 12:26pm | 436Global drama continues to hurt the markets. Last night the futures were getting crushed as Asia and Europe sold sharply as continued worries about Spain and Portugal killed the Euro. In addition, North Korea and South Korea seem to be one bullet away from a major confrontation. The Dollar soared...
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Early Volume Plays Among Those Valued Below $10 (S, NBIX, AIB, IRE, LYG, NBG)
Tuesday, May 25, 2010 - 10:39am | 277Some of the stocks that are valued below $10 and have the potential to become one of the high volume movers in the early trading hours are: Analysts at Goldman Sachs yesterday upped Sprint Nextel (NYSE: S) from “neutral” to “buy” and raised the wireless company’s target price $6 from $3.50. The...
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US Stock Futures Signal Weak Opening
Tuesday, May 25, 2010 - 9:19am | 245US stock futures fell today as worries regarding the health of a Spanish bank, inter-bank lending woes and tensions in Korea hit the financial world hard. Following the news of Spain seizing a regional lender and unveiling of the International Monetary Fund (IMF) data on Spain's finances, US stocks...