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JPMorgan Looks to Raise Dividend - Analyst Blog
Wednesday, January 12, 2011 - 4:46pm | 796On Tuesday, JPMorgan Chase & Co.'s (JPM) CEO Jamie Dimon commented in an interview on CNBC that the company will soon increase its annual dividend to the range of 75 cents to $1 per share. The dividend hike is expected in the second quarter of 2011. According to Mr. Dimon, once the Federal...
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10 Emerging Market Stocks For 2011
Wednesday, January 12, 2011 - 4:24pm | 499Emerging markets should continue strength in 2011, as the global economy continues to take shape and recovery. 2011 will most likely see opportunities abound, as sovereign debt issues continue to weigh on the global economy. Every time we hear about a sovereign debt default, the stock market gets...
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Wells Fargo on an Acquisition Spree - Analyst Blog
Wednesday, January 12, 2011 - 3:01pm | 608Wells Fargo & Company (WFC) is on an acquisition spree. Its insurance unit, Wells Fargo Insurance Services, has acquired JFK Consulting Group LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kansas. The acquisition closed on November 29, 2010. Terms of the...
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Glimcher Completes Share Offer - Analyst Blog
Wednesday, January 12, 2011 - 3:01pm | 538Glimcher Realty Trust (GRT), a real estate investment trust (REIT), has recently completed its secondary offering of 14.8 million common shares at $8.30 per share, including 1.8 million shares sold to the underwriters to cover the over-allotment options. BofA Merrill Lynch, the investment...
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Banco Santander Shares Climb 11.2% On Portugal Bond News (STD)
Wednesday, January 12, 2011 - 2:42pm | 129Shares of Banco Santander, S.A. (NYSE: STD) are trading up 11.2% at $10.75 per share during the Wednesday afternoon trading session. The Spanish bank's stock climbed higher on the news that Portugal's bond auction was a success. The day's trading range for shares of Banco Santander, S.A. has been...
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The European Markets Are Up After Portugal's Auction (BBVA, STD, DB)
Wednesday, January 12, 2011 - 1:18pm | 128The results of Portugal's bond auction are strengthening European Markets today. The Portuguese government successfully sold 1.25 Bln euros of government bonds in 3- and 10-year notes. Banco Bilbao Vizcaya Argentina SA (NYSE: BBVA), Banco Santander, S.A. (NYSE: STD), and Deutsche Bank AG (NYSE: DB...
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Glimcher Completes Share Offer - Analyst Blog
Wednesday, January 12, 2011 - 12:30pm | 538Glimcher Realty Trust (GRT), a real estate investment trust (REIT), has recently completed its secondary offering of 14.8 million common shares at $8.30 per share, including 1.8 million shares sold to the underwriters to cover the over-allotment options. BofA Merrill Lynch, the investment...
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Wells Fargo on an Acquisition Spree - Analyst Blog
Wednesday, January 12, 2011 - 12:00pm | 608Wells Fargo & Company (WFC) is on an acquisition spree. Its insurance unit, Wells Fargo Insurance Services, has acquired JFK Consulting Group LLC, an employee benefits brokerage and consulting firm located in Overland Park, Kansas. The acquisition closed on November 29, 2010. Terms of the...
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Top Performing Industries For January 12 (STD, FBP, AFL, UBCP)
Wednesday, January 12, 2011 - 11:53am | 194At 10:32 am, the Dow gained 0.66% to 11,748.51, the broader Standard & Poor's 500 index moved up 0.65% to 1,282.74 and the NASDAQ composite index rose 0.43% to 2,728.60. The industries that are driving the market today are: Foreign Money Center Banks: This industry jumped 3.12% by 10:32 am. The...
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Top Performing Industries For January 12 (STD, FBP, AFL, UBCP)
Wednesday, January 12, 2011 - 11:35am | 194At 10:32 am, the Dow gained 0.66% to 11,748.51, the broader Standard & Poor's 500 index moved up 0.65% to 1,282.74 and the NASDAQ composite index rose 0.43% to 2,728.60. The industries that are driving the market today are: Foreign Money Center Banks: This industry jumped 3.12% by 10:32 am. The...
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Stock Market News for Jan 12, 2011 - Market News
Wednesday, January 12, 2011 - 10:31am | 1360Markets on Tuesday climbed modestly higher as the euro-zone debt crisis eased to lessen investors' nervousness. Reports of a New York appeals court ruling in favor of MBIA Inc. and upbeat earnings results also helped indices break out of the red zone. Indices gained modestly as bond insurer...
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Stock Market News for Jan 12, 2011 - Market News
Wednesday, January 12, 2011 - 10:07am | 1360Markets on Tuesday climbed modestly higher as the euro-zone debt crisis eased to lessen investors' nervousness. Reports of a New York appeals court ruling in favor of MBIA Inc. and upbeat earnings results also helped indices break out of the red zone. Indices gained modestly as bond insurer...
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Spotty Selling Into Close 01-11-2011
Tuesday, January 11, 2011 - 7:27pm | 844Cusick's Corner The market could not garner any steam into the close and the spotty selling raised some red flags. The bid was present throughout the day, but earnings are going to be one catalyst that has not been in the markets over the past couple of sessions. Watch Large Cap stocks that are...
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Tenet Gulps Down Poison Pill - Analyst Blog
Tuesday, January 11, 2011 - 5:31pm | 707To discourage the hostile takeover bid from Community Health Systems Inc (CYH), Tenet Healthcare Corporation (THC) has adopted a shareholder rights plan, known as poison pill; and scheduled its annual meeting for November. Community Health had proposed an offer to Tenet on December 9, according...
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Tenet Gulps Down Poison Pill - Analyst Blog
Tuesday, January 11, 2011 - 5:12pm | 707To discourage the hostile takeover bid from Community Health Systems Inc (CYH), Tenet Healthcare Corporation (THC) has adopted a shareholder rights plan, known as poison pill; and scheduled its annual meeting for November. Community Health had proposed an offer to Tenet on December 9, according...