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Zacks #1 Rank Additions for Tuesday - Tale of the Tape
Tuesday, December 28, 2010 - 9:14am | 340Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Actuant Corp (ATU) Agco Corp (AGCO) Agilent Tech Inc (A) Amer Tower Corp (AMT) Banco de Chile (BCH) View the entire Zacks #1 Rank List. AGILENT TECH (A): Free Stock Analysis Report AGCO CORP (AGCO): Free Stock Analysis...
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HSBC Cancels Contract With H&R Block
Tuesday, December 28, 2010 - 8:29am | 145Oppenheimer has published a research report on H&R Block, Inc. (NYSE: HRB) after the company announced on 12/24 that HSBC (NYSE: HBC) terminated the contract where it provided HRB's RALs. In the report, Oppenheimer writes "The equivalent of coal in the stocking for HRB's franchisees and...
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Stocks Going Ex Dividend the First Week of January
Monday, December 27, 2010 - 5:05pm | 784Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Stocks Hitting 52-Week Lows (NBG, ARL, GRMH, CAEID)
Monday, December 27, 2010 - 2:59pm | 117National Bank of Greece SA (NYSE: NBG) shares lost 2.96% to create a new 52-week low of $1.64. NBG's PEG ratio is -0.54. American Realty Investors Inc (NYSE: ARL) shares fell 7.45% to create a new 52-week low of $6.83. ARL's trailing-twelve-month ROE is -51.85%. GrayMark Healthcare Inc (NASDAQ:...
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Crime Beginning to Deter Foreign Investment in Mexico
Monday, December 27, 2010 - 12:24pm | 621By Girish Gupta Nearly 30 people were killed last week as an oil pipeline exploded in the central Mexican state of Puebla. Owned by state-owned oil company Pemex, the pipeline is thought to have been under attack from thieves, siphoning oil off in order to sell it on. With "rivers of fire" reported...
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Jo-Ann to be Acquired for $1.6B - Analyst Blog
Monday, December 27, 2010 - 12:03pm | 685Jo-Ann Stores Inc. (JAS), the fabric and craft retailer announced that it will be purchased by an affiliate of private-equity firm, Leonard Green & Partners LP for $61 per share, or $1.6 billion, in cash. The offer price was at a 34% premium to Wednesday's closing price of $45.63. The deal...
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Jo-Ann to be Acquired for $1.6B - Analyst Blog
Monday, December 27, 2010 - 11:45am | 685Jo-Ann Stores Inc. (JAS), the fabric and craft retailer announced that it will be purchased by an affiliate of private-equity firm, Leonard Green & Partners LP for $61 per share, or $1.6 billion, in cash. The offer price was at a 34% premium to Wednesday's closing price of $45.63. The deal...
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H&R Block Down 7% On Tax Refund Loan Loss (HRB)
Monday, December 27, 2010 - 10:25am | 96Shares of H&R Block, Inc. (NYSE: HRB) are down sharply this morning, losing 7% after the company announced last week that HSBC (NYSE: HBC) would not be providing funding for the company's "tax-refund loan" program. The program was set up a few years ago for filers to receive a loan from H&R...
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Oppenheimer Lowers HRB Estimates
Monday, December 27, 2010 - 9:10am | 129H&R Block, Inc. (NYSE: HRB) announced at 6:50pm ET on Christmas Eve that "as a result of a regulatory directive by the OCC, HSBC Holdings, plc. (NYSE: HBC) is terminating the contract under which HSBC provided all of HRB's refund anticipation loans (RALs),” Oppenheimer reports. “With HSBC RALs...
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Portfolio Recovery Expands Credit - Analyst Blog
Thursday, December 23, 2010 - 5:03pm | 611Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of $365 million was...
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Portfolio Recovery Expands Credit - Analyst Blog
Thursday, December 23, 2010 - 4:13pm | 611Yesterday, Portfolio Recovery Associates Inc. (PRAA) announced the expansion of its credit facility to $407.5 million from $365 million, according to the new four-year credit agreement effective December 20, 2010. The revolving credit is part of the existing credit facility of $365 million was...
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U.S. Bancorp Fourth Quarter Earnings Release and Conference Call Set for Wednesday, January 19, 2011
Thursday, December 23, 2010 - 3:04pm | 96U.S. Bancorp (NYSE: USB) will release its fourth quarter 2010 earnings before the market opens on Wednesday, January 19, 2011. At 7:30 a.m. (CST) Richard K. Davis, chairman, president and chief executive officer, and Andrew Cecere, vice chairman and chief financial officer, will host a conference...
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A Happy New Year for U.S. Economy? - Analyst Blog
Thursday, December 23, 2010 - 2:36pm | 1353We are counting down to the New Year with about 9.8% of the population unemployed, 18% underemployed and a continuously worsening budget deficit. But mainstream economists appear upbeat about the year ahead, with increased expectations for the economy as the recently passed tax-cut extension bill...
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A Happy New Year for U.S. Economy? - Analyst Blog
Thursday, December 23, 2010 - 2:06pm | 1353We are counting down to the New Year with about 9.8% of the population unemployed, 18% underemployed and a continuously worsening budget deficit. But mainstream economists appear upbeat about the year ahead, with increased expectations for the economy as the recently passed tax-cut extension bill...
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Benzinga's Political Roundup (AIB, CMCSA, GE)
Thursday, December 23, 2010 - 1:29pm | 113Allied Irish Bank (NYSE: AIB) received a huge capital injection from the Irish government, as the bank is effectively insolvent at this point. The Comcast (NASDAQ: CMCSA) NBC Universal deal won't close this year, due to regulatory issues brought up by the FCC. The U.S. filed a case with the WTO...