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Stock News – JP Morgan Chase (NYSE:JPM), Intel (NASDAQ:INTC), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Verizon (NYSE:VZ)
Wednesday, April 14, 2010 - 10:22am | 955JPMorgan Chase (NYSE:JPM) is also one of the first companies to report first-quarter earnings, and announced that earnings rose an unexpectedly-high 55%, which has helped boost the market today. That’s an income of approximately $3.3 billion for the quarter. Intel (NASDAQ:INTC) had great news as...
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Stock News – JP Morgan Chase (NYSE:JPM), Intel (NASDAQ:INTC), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Verizon (NYSE:VZ)
Wednesday, April 14, 2010 - 10:22am | 955JPMorgan Chase (NYSE:JPM) is also one of the first companies to report first-quarter earnings, and announced that earnings rose an unexpectedly-high 55%, which has helped boost the market today. That’s an income of approximately $3.3 billion for the quarter. Intel (NASDAQ:INTC) had great news as...
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Company News for April 14, 2010 - Corporate Summary
Wednesday, April 14, 2010 - 9:33am | 232• Intel (NASDAQ:INTC) reported its "best first quarter ever" on increased consumers spending on new computers. Earnings of 43 cents beat Zacks estimates of 38 cents a share and last year's 11 cent profit. Revenues of $10.3 billion were ahead of Zacks estimates of $9.8 billion and well above prior...
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Benzinga’s Top Pre-Market Gainers (CRXX, AIB, KLIC, HOTT)
Wednesday, April 14, 2010 - 8:13am | 231CombinatoRx, Incorporated (NASDAQ: CRXX) rose 30.08% to $1.73 in the pre-market session. CombinatoRx Incorporated announced today the publication of new preclinical data in BLOOD, The Journal of the American Society of Hematology. The 52-week trading range for CRXX is $0.49 - $2.60. In the last...
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Winner Banks In the State Of Georgia
Wednesday, April 14, 2010 - 7:26am | 395According to an article in thestreet.com, Georgia, the state that has been producing the highest number of failures since the start of 2008, has two shining stars in the form of SunTrust (NYSE: STI) and Synovus Financial (NYSE: SNV). Both these banks are winners among the state’s 301 banks and...
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New BICK Emerging Market ETF from First Trust
Wednesday, April 14, 2010 - 3:00am | 344Start with the BRICs, boot out Russia, and add in South Korea. That’s the essence of the new First Trust BICK Index Fund (BICK) that began trading yesterday (4/13/10). The underlying ISE BICK Index is designed to track the largest and most liquid companies domiciled in Brazil, India, mainland...
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3 Risky Plays For Speculative Investors
Wednesday, April 14, 2010 - 2:54am | 429National Bank of Greece With Greece on the verge of insolvency, the European Central Bank and International Monetary Fund stepped in and provided Greece with $61 billion in liquidity. This is just a drop in the bucket to the total funding that Greece needs but it is a positive development. How did...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Commerce Department Likely To Report Widening Trade Deficit For February (WFC)
Tuesday, April 13, 2010 - 8:10am | 412According to a report by Bloomberg, economists said, before a report by the Commerce Department due at 8:30 a.m., that U.S. trade deficit increased for the month of February due to increase in imports , adding to the evidence that the U.S. economy has started to recover. According to a median...
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Home Equity Losses To The Tune Of $30 Billion Dims Profits For Banks (BAC, JPM, WFC)
Monday, April 12, 2010 - 4:47pm | 451Bloomberg, citing a March 29 report by CreditSights Inc., a New York-based research firm, has said that recognizing home-equity loan losses is unfinished business from the housing bubble. This will mean that Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo...
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Barnes & Noble Ties Up With Best Buy (BCS, BBY, AMZN, SNE)
Monday, April 12, 2010 - 2:15pm | 197Barnes & Noble (NYSE: BCS) has ramped up its distribution channels for its e-book reader Nook. The company has entered into a deal with Best Buy (NYSE: BBY). Under the new agreement, Best Buy Inc. (BBY) will offer Nook in 1,070 of its stores starting April 18. This will make the electronic...
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Berkshire Chief Designs Succession Plan: Barclays (BRKA, BCS)
Monday, April 12, 2010 - 1:25pm | 153In a recently released report, Barclays Capital (NYSE: BCS) has noted that Berkshire (NYSE:BRK.A) Chief Warren Buffet seems to have carved a succession plan. Barclays (BCS) has initiated coverage of the investment conglomerate with an “equal weight” rating. The report has further stated that...
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DynCorp Accepts Cerberus Bid (DCP, BAC, BCS, C, DB)
Monday, April 12, 2010 - 1:05pm | 177Cerberus has announced its acquisition of DynCorp International Inc. (NYSE: DCP) for $1.5 billion. Private-equity firm Cerberus would also assume DynCorp’s (DCP) debt. According to Reuters, DynCorp shareholders will receive $17.55 in cash for each share held. This bid is a 49% premium to Friday’s...
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Market News – JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), Ford (NYSE:F), Alcoa (NYSE:AA)
Monday, April 12, 2010 - 12:56pm | 963Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans. The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...