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Moody's Cuts Ratings of 10 Banks - Analyst Blog
Thursday, November 4, 2010 - 1:55pm | 1065Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks. Banks Thumbed Down The banks whose ratings were downgraded are BB&T Corp. (BBT), Capital One Financial...
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AIB Completes Disposal of the M&T Shares at $77.50
Thursday, November 4, 2010 - 12:48pm | 90Allied Irish Banks, p.l.c. (NYSE: AIB) has completed the disposal of 26,700,000 shares of common stock of M&T Bank Corporation (NYSE: MTB) currently held by it. Following receipt of shareholder approval at AIB's Extraordinary General Meeting on 1 November 2010, the 26,700,000 contingent...
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Bookkeeping: Bernanke Forces our Hand
Thursday, November 4, 2010 - 9:32am | 2317Yesterday the market closed essentially right at the 200 week simple moving average. As has been the case throughout the rally from March 2009, whenever the major indexes hit serious resistance, it has been broken not during market hours but in premarket. Again, we see that pattern today with the...
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Wells Fargo Launches Fund Services Product
Thursday, November 4, 2010 - 8:25am | 82Wells Fargo Bank (NYSE: WFC) announced today the launch of a new Fund Services product line within its Corporate Trust Services to address customers' fund administration needs. Wells Fargo Fund Services provides fund administration services including a full suite of back-, middle-, and front-...
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Wal-Mart Interested In Indonesia Assets
Thursday, November 4, 2010 - 1:09am | 146Wal-Mart (NYSE: WMT), the world's largest retailer, is among the parties interested in Indonesian retailer Matahari's hypermarket operations in a deal that could be worth up to $1 billion. The Dow component is expected to square of against private equity titan Carlyle Group and South Korea's Lotte...
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Fed's Time Frame Threshold 11-03-2010
Wednesday, November 3, 2010 - 8:13pm | 828Cusick's Corner The Fed will continue to support the recovery and markets with the continued infusion of Dollars, UUP. Bonds on the short end really took a hit on the news that the Fed is taking a 5-6 year time frame threshold, which is why the 3-10 yr maturities took the brunt of the price...
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Intervest Bancshares Corporation Announces Exercise of Over-Allotment
Wednesday, November 3, 2010 - 12:41pm | 82Intervest Bancshares Corporation (Nasdaq: IBCA), today announced that the underwriter of its public offering of common stock, which closed on October 20, 2010, exercised a portion of its over-allotment option to purchase additional shares of the Company's common stock. The option was granted in...
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Value Stock Picks-Nov. 2, 2010 - Zacks Rank Buys
Tuesday, November 2, 2010 - 4:33pm | 89BANCO BRADESCO (BBD): Free Stock Analysis Report PARKER HANNIFIN (PH): Free Stock Analysis Report Zacks Investment Research
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EUROZONE PMI IMPROVES, BUT IRISH SPREADS HIT RECORD HIGH
Tuesday, November 2, 2010 - 2:57pm | 636Eurozone PMI came in better than expected this morning, but the region has become a story of two economies. While the core continues to show robust growth (primarily Germany) the periphery continues to struggle: Chris Williamson, Chief Economist at Markit said: “An improvement in the PMI for the...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Tuesday, November 2, 2010 - 11:33am | 354Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Alaska Comm Sys Group Inc (ALSK) Alliance HealthCare Services Inc (AIQ) Atlantic Tele-Network Inc (ATNI) The Bank of Nova Scotia (BNS) Central Vermont Public Service Corp (CV) View the entire Zacks #5 Rank List. ALLIANCE...
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
Tuesday, November 2, 2010 - 9:35am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Chiquita Brands Intl Inc (CQB) Comerica Inc (CMA) Delta Apparel Inc (DLA) Endologix Inc (ELGX) Faro Tech Inc (FARO) View the entire Zacks #5 Rank List. COMERICA INC (CMA): Free Stock Analysis Report CHIQUITA BR INT (CQB):...
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11-1-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Monday, November 1, 2010 - 12:18pm | 4355Stephen Bernard, AP Business Writer Stocks edge higher following manufacturing data Stocks pare morning gains; traders eye elections, Fed meeting later in the week NEW YORK (AP) — The Dow Jones industrial average has again approached its highest level of the year, only to pull back. The Dow had...
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Strength Seen In Financials (C, GS, BAC, WFC, JPM, MS)
Monday, November 1, 2010 - 12:14pm | 125Financials are showing some strength on Monday. The Financial Select Sector SPDR ETF (NYSE: XLF) has gained 0.56% to $14.64. Citigroup (NYSE: C) is up 0.36% to $4.18. Goldman Sachs (NYSE: GS) has gained 0.65% to $162.18. Bank of America (NYSE: BAC) has added 0.79% to $11.54. Wells Fargo (NYSE:...
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Mad Money Lightning Round OT: Cramer Likes Auto Parts Companies (NYB, BBT, USB, WFC, JPM, TRW, IMAX)
Friday, October 29, 2010 - 11:21pm | 268Jim Cramer said on CNBC's Mad Money Lightning Round OT that he likes New York Community Bancorp, Inc. (NYSE: NYB). He believes that this stock has a great dividend yield. Cramer doesn't see any problems with NYB, except that it is a bank, and everybody hates banks. New York Community Bancorp, Inc...
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Fast Money Picks For November 1st (TD, LLL, RTN, CFN, UPS)
Friday, October 29, 2010 - 7:41pm | 235On CNBC's Fast Money, Steve Grasso said that he wants to buy Raytheon Company (NYSE: RTN) on Monday. Raytheon Company (RTN) gained 0.96% in the regular trading session, but it fell 1.78% in the after hours. Brian Kelly believes that there are no problems in Canadian banking system, and wants to...