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Morning Market Losers (CTEK, HDY, ALXA, CMA)
Tuesday, January 18, 2011 - 11:24am | 129CleanTech Innovations Inc (NASDAQ: CTEK) fell 18.59% to $4.5101 at 10:22 am. CTEK's trailing-twelve-month operating cash flow is -$8.23 million. HyperDynamics Corporation (AMEX: HDY) shares dropped 16.34% to $5.89. HDY is scheduled to hold its Annual Meeting of Stockholders on February 17, 2011....
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Morning Market Movers (DTLK, PNBC, ARIA, SBIB)
Tuesday, January 18, 2011 - 11:09am | 164Datalink Corporation (NASDAQ: DTLK) jumped 37.44% to $6.24 at 10:05 am. DTLK projects to significantly exceed its earlier revenue and earnings forecast for the fourth quarter. Princeton National Bancorp Inc (NASDAQ: PNBC) shares surged 36.31% to $7.32. PNBC's shares have dipped 50.23% over the past...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 11:01am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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5 ETFs to Watch This Week
Tuesday, January 18, 2011 - 10:51am | 210Here are the five ETFs to watch this week. SPDR KBW Bank ETF (NYSE: KBE) The financial industry will be front and center during this shortened trading week as a combination of Wall Street giants and smaller regional players release their quarterly earnings reports. Notable names on tap include Bank...
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Comerica Management Releases 2011 Full Year Outlook
Tuesday, January 18, 2011 - 10:21am | 138Jefferies & Company has published a research report on Comerica (NYSE: CMA) after the company posted GAAP earnings above consensus, based mostly on reserve release, according to Jefferies. In the report, Jefferies writes "Management released its full-year outlook for 2011. On first blush, pre-...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 10:09am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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Intervest Bancshares Corporation Reports Fourth Quarter EPS of $.02
Tuesday, January 18, 2011 - 10:02am | 124Intervest Bancshares Corporation (NASDAQ: IBCA), parent company of Intervest National Bank, today reported its financial results for the fourth quarter of 2010. Financial Highlights: Net earnings for the fourth quarter of 2010 amounted to $0.4 million, or $0.02 per diluted common share, compared...
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Benzinga's Top Pre-Market NASDAQ Gainers (ARIA, SBIB, KUTV, VOD)
Tuesday, January 18, 2011 - 9:19am | 162ARIAD Pharmaceuticals Inc (NASDAQ: ARIA) rose 37.71% to $7.23 in the pre-market session. ARIA reported that ridaforolimus met the primary endpoint of improved progression-free survival (PFS) in patients with metastatic soft-tissue or bone sarcomas. Sterling Bancshares Inc (NASDAQ: SBIB) added 20.78...
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Comerica Incorporated to Acquire Sterling Bancshares for $10 per Share
Tuesday, January 18, 2011 - 8:55am | 127Comerica Incorporated (NYSE: CMA) and Sterling Bancshares, Inc. (Nasdaq: SBIB) today announced that they have entered into a definitive agreement under which Comerica will acquire all of the outstanding shares of common stock of Sterling in a stock-for-stock transaction. Under terms of the...
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A Peek Into The Market Before The Trading Starts
Tuesday, January 18, 2011 - 8:45am | 467Pre-open movers US stock futures are mostly higher this morning as investors are awaiting earnings report from several companies. However, shares of Apple Inc (NASDAQ: AAPL) dropped in pre-market trading. Futures on the Dow Jones Industrial Average rose 38 points to 11,763 and S&P 500 futures...
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Comerica Swings To Profit, Earns 53 Cents Per Share (CMA)
Tuesday, January 18, 2011 - 8:06am | 227Comerica Incorporated (NYSE: CMA) released financial results on Tuesday morning. Comerica Incorporated announced 4th quarter net income of $96 million, or 53 cents per share, compared to a net loss of $29 million, or 42 cents per share, a year earlier. According to a poll of analysts by Thomson...
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Exane BNP Paribas Downgrades LYG To Neutral
Tuesday, January 18, 2011 - 6:25am | 44Analysts at Exane BNP Paribas downgrade Lloyds Banking Group Plc (NYSE: LYG) from “outperform” to “neutral.” LYG shares gained 3.02% to close at $4.43 on Friday. More Analyst Ratings here
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Five ETF Earnings Plays For The Week Ahead
Tuesday, January 18, 2011 - 3:47am | 372With earnings season set to kick into high gear this week, some sectors are going to see a bit more volatility than usual and the earnings calendar points to financials and tech as two prime areas for trading opportunities. Prepare yourself with this list of ETFs that are sure to be in play on the...
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Community to put Directors in Tenet - Analyst Blog
Monday, January 17, 2011 - 6:01pm | 1041With the intention to grab Tenet Healthcare Corporation (THC), Community Health Systems Inc (CYH) plans to nominate directors to Tenet's board at its annual meeting. Community Health has notified that it will designate 10 of its own nominees, plus four alternates to Tenet's board, which is...
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Community to put Directors in Tenet - Analyst Blog
Monday, January 17, 2011 - 5:45pm | 1041With the intention to grab Tenet Healthcare Corporation (THC), Community Health Systems Inc (CYH) plans to nominate directors to Tenet's board at its annual meeting. Community Health has notified that it will designate 10 of its own nominees, plus four alternates to Tenet's board, which is...