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Benzinga’s Earnings Roundup (IGTE, COH, BAC, COV, STT, USB)
Wednesday, January 20, 2010 - 9:00am | 497iGATE Corporation (NASDAQ: IGTE) reported today a fourth quarter revenue from continuing operations of $52.4 million, from $51.5 million for the same quarter last year. Net income from continuing operations increased to $8.6 million from $6.8 million in the last year. iGATE Corporation closed at $...
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JPMorgan To Buy RBS Sempra? (JPM, RBS, DB)
Wednesday, January 20, 2010 - 7:16am | 142JPMorgan (NYSE: JPM) has entered into exclusive talks to buy the RBS Sempra (NYSE: RBS) commodities joint venture, in a deal expected to be worth about $4 billion. JPMorgan, Deutsche Bank (NYSE: DB) and Australia's Macquarie had each submitted offers worth nearly $4 billion for the RBS Sempra unit...
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Pebblebrook Hotel Trust Coverage Opens To An Outperform
Tuesday, January 19, 2010 - 1:09pm | 132Wells Fargo Securities (NYSE: WFC) started coverage of Pebblebrook Hotel Trust (NYSE: PEB) with an Outperform. Wells Fargo believes that the U.S. economy and the hotel industry are both in the early stages of recovery. Pebblebrook is well positioned because it is unencumbered by legacy assets and...
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Wells Fargo Securities Releases Positive Credit Card Report
Tuesday, January 19, 2010 - 12:31pm | 142A report from Wells Fargo Securities (NYSE: WFC) shows an improving environment for credit card issuers. Credit card trends suggest there will be improved card performance by mid 2010, with Bank of America Corporation (NYSE: BAC) benefiting more than JPMorgan Chase and Co. (NYSE: JPM). Delinquency...
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Stock Market News for January 19, 2010 - Market News
Tuesday, January 19, 2010 - 10:01am | 543A day after closing at their multi-month peak, U.S. stocks registered their worst one-day decline of the year on Friday as concerns ranging from China’s move to curb bank lending to JP Morgan’s rising loan losses had investors selling shares. An unsatisfying reading on consumer sentiment also...
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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 24
Monday, January 18, 2010 - 4:21pm | 4125Year 3, Week 24 Major Position ChangesTo see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.Cash: 48.3% (v 34.9% last week)26 long bias: 50.4% (v 64.5% last week) [Includes 1 option position]2 short bias: 1.3% (v 0.6% last week) 28...
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UK's Biggest Biomass Power Plant Prenergy For Sale, Royal Bank Of Canada (RY) Roped In to Handle the Sale
Friday, January 15, 2010 - 1:24pm | 127Italian private equity firm Clessidra is seeking to sell the Prenergy power station, a project that will be Britain's largest biomass power plant. Royal Bank of Canada (NYSE: RY) had been hired to handle the sale, and Clessidra aims to sell the project this year. When completed, the plant in South...
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Distribution Warning: Stocks Being Sold on Heavy Volume
Friday, January 15, 2010 - 1:24pm | 198Not only are they among the day’s biggest losers, but they’re also being sold on massive volume…. some salt in the bearish wound. It could be a sign of institutional selling, and/or an indication that the market has transitioned to a net bearish opinion on these names. Either way, today’s high-...
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HDFC Bank (HDB) Earnings Rise 32% Year over Year
Friday, January 15, 2010 - 12:41pm | 942Lost in the hubbub of earnings for one of our top financial oligarchs JPMorgan (JPM) is the earning's of India's 2nd largest (private) bank, HDFC Bank (HDB). We continue to see excellent earnings growth here, so fundamentally I have no complaints. I just have a very hard time justifying the...
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Company News for January 15, 2010 - Corporate Summary
Friday, January 15, 2010 - 10:27am | 203• Intel (NASDAQ:INTC) bested buoyant estimates with final quarter earnings of 40 cents, beating Zacks estimates of 34 cents, versus 4 cents a year ago on revenues of $10.6 billion, ahead of Zacks expectations of $10.1 billion and last year's $8.2 billion. The firm also provided upside first quarter...
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Mixed Trade On Bank Stocks Amid 'TARP Tax' Talk
Thursday, January 14, 2010 - 5:11pm | 180According to the Wall Street Journal, U.S. bank stocks were mixed in trading ahead of the market open on Thursday, as talk of a proposed "TARP Tax" on the nation's biggest banks competed with a brokerage report urging clients to buy the three largest banks. President Barack Obama will propose a...
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Top Performing Large Cap Financials (BAC, WFC, AXP)
Thursday, January 14, 2010 - 4:49pm | 189Financials and tech stocks are leading the market marginally higher today. In the financial sector some large cap outperformers include Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and American Express (NYSE: AXP). The action today in these names is quite positive considering that the...
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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest Cash (AIG, CM, JEF, PRE, DFS)
Thursday, January 14, 2010 - 10:06am | 174Below are the top 5 mid-cap financial stocks on the NASDAQ and the NYSE in terms of cash. American International Group Inc (NYSE: AIG) has total cash of $108.22 billion. AIG’s market capitalization is $3.91 billion. AIG has a total debt of $176.10 billion. Canadian Imperial Bank of Commerce (NYSE...
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Barclay's To Buy LaBranche (LAB)
Wednesday, January 13, 2010 - 5:27pm | 24Barclay's (NYSE: BCS) to buy LaBranche (NYSE: LAB)
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Websense, Inc. Upgraded At Wells Fargo (WBSN)
Wednesday, January 13, 2010 - 12:40pm | 146Web based content filtering company, Websense, Inc (NASDAQ: WBSN) has been upgraded at Wells Fargo (NYSE: WFC) today. In the research report, the analyst cited a "positive outlook on the overall software spending environment, trough valuations, growth in new product billings and stabilization in...