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Bankers to be warned on bonuses by President Obama
Monday, December 14, 2009 - 1:19pm | 290White House officials say that in a meeting later today, President Obama will have some tough words for bank executives. The expected participants include Summers, Geithner - senior White House adviser Valerie Jarrett, chair of the Council of Economic Advisers Dr Christina Romer and the following...
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Glaxo Invests in Patch Vaccines - Analyst Blog
Monday, December 14, 2009 - 12:10pm | 411GlaxoSmithKline (GSK) recently entered into a strategic alliance with Intercell (INRLF.PK) for the development and commercialization of innovative needle-free patch-based vaccines. The deal includes a vaccine which is being developed by Intercell for travelers’ diarrhea (TD) and also covers an...
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Company News for December 14, 2009 - Corporate Summary
Monday, December 14, 2009 - 9:58am | 184• Citigroup (NYSE:C) announced its agreement to repay the $20 billion in TARP bailout funds • Reports said Google (NASDAQ:GOOG) plans to begin selling its own "Nexus One" cell phone directly to customers as early as next year • The holiday shipping rush kicks in this week, with FedEx (NYSE:FDX)...
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Citigroup Near Deal To Repay TARP Funds
Sunday, December 13, 2009 - 9:29pm | 169Citigroup (NYSE: C) is close to a deal with the U.S. government to begin repaying part of the $20 billion it borrowed uner the Troubled Asset Relief Program (TARP), according to a report in the Wall Street Journal. Under the deal's terms, Citigroup would sell more than $10 billion in common stock...
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Lehman Trustee Can Transfer Assets
Friday, December 11, 2009 - 10:13am | 133Judge James Peck approved the bulk transfer of about $1.6 billion to $1.7 billion of the customer property to the new accounts at Barclays Plc (NYSE: BCS). Barclays will receive about a $100 million in the transfer as it had made certain advances or borrowed certain securities to fill holes for...
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Wells Fargo (WFC) To Cut Nearly 30% In Principal Form Loans
Thursday, December 10, 2009 - 2:05pm | 187According to a Bloomberg report, Wells Fargo Bank (NYSE: WFC)(FREE stock trend analysis) has cut principal for the delinquent borrowers in some loans by as much as 30%. Wells Fargo has acquired a portfolio of option adjustable rate mortgages through its acquisition of Wachovia Corp last year. The...
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Top 5 Mid-Cap NYSE Stocks with Highest EPS (ttm) (PRE, IIT, CM, Y, WTM)
Thursday, December 10, 2009 - 11:40am | 170Below are the top 5 mid-cap stocks on the NYSE in terms of EPS (ttm). The trailing-twelve-month EPS for PartnerRe Ltd (NYSE: PRE) is $21.19. NWLI’s market capitalization is $6.07 billion. Wells Fargo upgraded PRE from “underperform” to “outperform.” The trailing-twelve-month EPS for Indosat tbk PT...
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Kimberley-Clark (KMB) Fundamentals Worsen
Wednesday, December 9, 2009 - 2:06pm | 172Kimberley-Clark’s (NYSE: KMB) decision to limit investment spending has not found takers at Barclays Capital (NYSE: BCS) as it could hinder growth. This would also limit and worsen the quality of Kimberley-Clark’s top and bottom line compared to its peer group. In the past, Kimberley-Clark’s slow-...
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BarclaysTreats Novartis (NVS) With Care
Wednesday, December 9, 2009 - 2:00pm | 65Barclays Capital (NYSE: BCS) is not entirely convinced by Novartis’ (NYSE: NVS) ASH data on its new drug Tasigna’s superiority over the traditional Leukemia drug Gleevec. Moreover, Novartis has not demonstrated its ability to protect profits into patent expiries. The resulting earning-risk has...
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Banks’ Focus Residential Construction Portfolios (BAC, RY, DB)
Wednesday, December 9, 2009 - 1:48pm | 191Barclays (NYSE: BCS) examined through the third quarter earnings transcripts for roughly 20 banks to capture their views on the residential and commercial construction markets. Banks are primarily focusing on residential construction portfolios. When commenting on the overall and residential credit...
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Barclays (BCS) Bullish on Energy and Equipment
Wednesday, December 9, 2009 - 1:21pm | 96Barclays (NYSE: BCS) has raised its target for Southwestern (NYSE: SWN) based on a potential 38% growth in 2010 production and continued strength in Fayetteville. AGCO’s (NYSE: AGCO) 2010E EPS has been slashed to $1.35 but sound fundamentals indicate bullish long-term prospects. GE’s (NYSE: GE) U.S...
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Mixed Signals In Retail And Consumer Sectors
Wednesday, December 9, 2009 - 12:56pm | 106Barclays (NYSE: BCS) has cut 2010E EPS forecasts for Kimberley-Clark (NYSE: KMB) based on the indicators that the top and bottom line growth will lag behind peers. Warnaco (NYSE: WRC) has shown a healthy top line growth and the international expansion together with a direct-to-customer approach is...
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Positive Outlook for Tech, Media, and Telecom
Wednesday, December 9, 2009 - 12:40pm | 97Barclays (NYSE: BCS) investment summary notes that IT hardware and Semi Capital equipments are poised for a growth in 2010 based on views from IBM (NYSE: IBM), NetApp (NASDAQ: NTAP) and Lexmark (NYSE: LXK). Video and virtualization continue to remain the key drivers and themes for Cisco (NASDAQ:...
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Positive Year Expected For IT Hardware
Wednesday, December 9, 2009 - 12:20pm | 212The first day of the Global Technology Conference hosted by Barclays Capital (NYSE: BCS) has seen positive vibes emerge for the hardware industry’s year ahead. The key participants at the conference include IBM (NYSE: IBM), NetApp (NASDAQ: NTAP), Lexmark (NYSE: LXK), Ingram Micro (NYSE: IM), Tech...
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Barclay Capital Technology Conference Takeaways
Wednesday, December 9, 2009 - 12:15pm | 288Barclay Capital Technology conference gave insights on the semiconductor capital equipment industry. Barclays (NYSE: BCS) receives a reaffirmation of a strong 1Q10 front-end order and a likelihood of NAND spending emerging more meaningfully in 2Q10. They expect orders from Samsung, Hynix and...