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Bancolombia Appoints New President
Friday, November 26, 2010 - 2:17pm | 34At an extraordinary meeting held today, the Board of Directors of Bancolombia (NYSE: CIB) appointed Mr. Carlos Raul Yepes Jimenez as the new President of Bancolombia.
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Company News for November 26, 2010 - Corporate Summary
Friday, November 26, 2010 - 10:30am | 407• Boeing (NYSE: BA) announced plans for "minor design changes" to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks • A buyout group led by KKR (NYSE:KKR) agreed to acquire Del Monte Foods (NYSE: DLM) for $19 per share, valuing...
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Company News for November 26, 2010 - Corporate Summary
Friday, November 26, 2010 - 5:10am | 422• Boeing (NYSE: BA) announced plans for "minor design changes" to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks • A buyout group led by KKR (NYSE:KKR) agreed to acquire Del Monte Foods (NYSE: DLM) for $19 per share, valuing...
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FDIC's Problem Bank List Increases - Analyst Blog
Wednesday, November 24, 2010 - 7:00pm | 764The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the...
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KB Financial Soars (KB)
Wednesday, November 24, 2010 - 5:46pm | 116Shares of KB Financial Group (NYSE: KB) soared today after falling sharply yesterday when North Korea fired artillery rounds at a South Korean island, killing two South Korean soliders. KB Financial Group is based in Seoul and operates as the holding company for Kookmin Bank. Yesterday, investors...
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Market Roundup (TIF, GENZ, TCK, RY, TD, SNDK, AMD, MU)
Wednesday, November 24, 2010 - 1:53pm | 288Shares of Tiffany (NYSE: TIF) gained about 4.8% after the company reported upbeat quarterly results. The company's net income came in at $0.43 per share, up from $0.35 per share, in the year-earlier period. Excluding one-time items, Tiffany posted its earnings at $0.46 per share. The company's...
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FDIC's Problem Bank List Increases - Analyst Blog
Wednesday, November 24, 2010 - 1:33pm | 764The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions in the third quarter grew to 860 from 829 in the previous quarter and 552 in the year-ago quarter, the organization said on Tuesday. This is the highest since the savings and loan crisis in the...
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Benzinga's Political Round Up
Wednesday, November 24, 2010 - 12:59pm | 152The Irish government will seek a $100 billion bailout, as it looks to shore up public sector spending and its banks, such as Allied Irish (NYSE: AIB). The General Motors (NYSE: GM) IPO put the U.S. Treasury recovery of TARP funds past $250 billion. The Federal Reserve lowered its outlook for...
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Bookkeeping: Stopped Out of Half of HDFC Bank (HDB)
Wednesday, November 24, 2010 - 12:10pm | 613Lost in the mess that is the Chinese stock market the past few weeks, is the fact that India has been struggling. The Sensex has lost some 1500 points the past 2.5 weeks, and now sits firmly below the 50 day moving average. I would assume much of this has to do with the same reasons the Chinese...
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Company News for November 24, 2010 - Corporate Summary
Wednesday, November 24, 2010 - 10:30am | 777• Eli Lilly (NYSE: LLY) received FDA approval for its topical solution drug Axiron, for testosterone replacement therapy in men • Tiffany (NYSE: TIF) reported estimate-beating third quarter earnings of $0.43 a share, ahead of Zacks projections of $0.37, on a 14% revenue jump to $681.7 million that...
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Goldman Sachs Maintains Neutral On Credicorp
Wednesday, November 24, 2010 - 9:40am | 159Goldman Sachs has published a research report on Credicorp Ltd. (NYSE: BAP) as the company is believed to be well-positioned to capture strong growth in Peru. In the report, Goldman Sachs writes "Credicorp's 3Q2010 EPS was slightly below our estimate primarily due to lower margins. On the positive...
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Company News for November 24, 2010 - Corporate Summary
Wednesday, November 24, 2010 - 5:15am | 777• Eli Lilly (NYSE: LLY) received FDA approval for its topical solution drug Axiron, for testosterone replacement therapy in men • Tiffany (NYSE: TIF) reported estimate-beating third quarter earnings of $0.43 a share, ahead of Zacks projections of $0.37, on a 14% revenue jump to $681.7 million that...
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Fast Money Picks For November 24th (STD, ABT, WLT, MSFT)
Tuesday, November 23, 2010 - 8:26pm | 186CNBC Fast Money's Tim Seymour said on the show that Banco Santander, S.A. (ADR) (NYSE: STD) is a well capitalized bank. He believes that investors should buy this stock tomorrow, and he is not worried about potential problems in Spain. Banco Santander (STD) fell 6.26%, and closed at $10.48. Karen...
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Three Strategies for Bullish & Low IV Sentiment 11-23-2010
Tuesday, November 23, 2010 - 4:48pm | 956Cusick's Corner As I said yesterday, I want to breakdown some strategies that are worth looking at when you have a grasp of trend and volatility sentiment. Let's look at this example -- you are bullish (trend up) and feel that implied volatility is low. Strategically there are three strategies...
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Used Home Sales Fall - Analyst Blog
Tuesday, November 23, 2010 - 2:30pm | 1777In October, existing home sales ran at a seasonally adjusted annual rate of 4.43 million. That pace is 2.2% lower than in September, and 25.9% below the year-ago rate. The year-ago rate of 5.98 million was inflated as everyone was rushing to get the deals done before they thought the first-time...