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Liverpool Takeover Could Be In Jeopardy
Sunday, October 10, 2010 - 11:16pm | 204The acquisition of Liverpool FC by John Henry's New England Sports Ventures, owner of the Boston Red Sox, for nearly $479 million could be in jeopardy because current co-owners Tom Hicks and George Gillett believe the club is worth more. Hicks and Gillett are set to oppose the sale of the club in...
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Charlie Gasparino Has Details On More Foreclosures
Friday, October 8, 2010 - 3:33pm | 72Charlie Gasparino, of Fox Business Network, just tweeted that Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) will be the next mortgage lenders to stop foreclosures. Earlier, Bank of America (NYSE: BAC) announced it was stopping foreclosures in all 50 states.
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Financials Lagging (JPM, GS, C, WFC, BAC, XLF)
Friday, October 8, 2010 - 2:59pm | 146Despite strong moves higher in the broader market averages, financials are largely not participating today. The Financial Select Sector SPDR ETF (NYSE: XLF) is flat on the session, and most of the major banks are in negative territory. Today's move higher may be in jeopardy if the financial stocks...
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Afternoon Market Update (FFIV, JCP, AIB)
Friday, October 8, 2010 - 11:11am | 229Shares of F5 Networks Inc (NASDAQ: FFIV) lost about 6% after the analysts at Goldman Sachs downgraded the company from “neutral” to “sell.” Shares of FFIV have jumped 86.86% so far this year. Goldman Sachs said, "Our analysis suggests that almost 85% of F5 Network's growth has been driven by the...
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Revenge Of The 'Robosigners'
Friday, October 8, 2010 - 9:36am | 594NEW YORK (TheStreet) -- Banks may want to reconsider their outsourcing practices. The country's biggest lenders are holding the bag for trillions in bad mortgage debt that was originated by outside brokers then packaged and sold off by third- party asset managers. In both instances, banks are being...
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Wells Fargo Securities and the World Bank Announce Program to Expand Investment Opportunities for U.S. Retail Investors
Friday, October 8, 2010 - 8:36am | 289Wells Fargo Securities, part of Wells Fargo & Company (NYSE: WFC), and the World Bank Treasury today announced a program designed to provide new investment opportunities in World Bank notes for U.S. retail investors. Under the program, Wells Fargo Securities acts as a dealer of World Bank (...
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Financials Continue Volatile Trade (XLF, GS, MET, WFC)
Thursday, October 7, 2010 - 5:24pm | 178The financials sector continues to trade in volatile manner as of late. Notable is the divergence between names that the Street likes and one that it does not. For instance, Goldman Sachs (NYSE: GS) ended the session higher by 0.18%, trading at $151.11, but Wells Fargo & Co. (NYSE: WFC) ended...
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Two Stocks To Avoid (BLUD, MTB)
Thursday, October 7, 2010 - 2:42pm | 144Shares of Immucor, Inc. (NASDAQ: BLUD) are down today and should be avoided for the near term, as the company cut its revenue forecast. The company said it now expects earnings for 2011 to be $1.08-$1.18 per share, on revenues of $320-$332 million. Wall Street had been expecting earnings of $1.24...
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HSBC North America Holdings Inc. and HSBC Bank USA, N.A. Resolve U.S. Regulatory Actions
Thursday, October 7, 2010 - 11:12am | 144HSBC North America Holdings Inc. (NYSE: HBC) has entered into a Consent Order with the Federal Reserve Board, and its HSBC Bank USA, N.A. subsidiary has entered into a Consent Order with the Office of the Comptroller of the Currency. These actions require improvements for an effective compliance...
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Senior Notes from CB Richard Ellis - Analyst Blog
Wednesday, October 6, 2010 - 7:12pm | 624CB Richard Ellis Group Inc. (CBG), the world's largest commercial real estate services firm (on the basis of 2009 revenues), has recently announced an offer to sell 6.63% senior notes due 2020 worth $350 million. BofA Merrill Lynch, the investment banking and wealth management division of Bank of...
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US financial Sector Down, Led By M&T Bank (MTB, AIB, CBG, MROE, ONB, ABK, PMI)
Wednesday, October 6, 2010 - 2:16pm | 237The US financial sector was slightly down, after the weaker-than-expected private-sector employment report. Shares of M&T Bank Corp (NYSE: MTB) fell after a major shareholder announced its plans to sell its stake. Shares of MTB dropped about 5.41% to lead the list of financial decliners in the...
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What's Hot On TheStreet
Wednesday, October 6, 2010 - 12:24pm | 266Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet RIM's Business Niche Under Attack Research In Motion (NASDAQ: RIMM) took a couple broadsides this week: Motorola (NYSE: MOT) introduced its intended BlackBerry killer Droid Pro and an IT survey showed that RIM's...
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What's Hot On TheStreet
Wednesday, October 6, 2010 - 12:24pm | 266Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet RIM's Business Niche Under Attack Research In Motion (NASDAQ: RIMM) took a couple broadsides this week: Motorola (NYSE: MOT) introduced its intended BlackBerry killer Droid Pro and an IT survey showed that RIM's...
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Stocks Going Ex Dividend the Third Week of October
Wednesday, October 6, 2010 - 11:41am | 688Here 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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Benzinga's Top Upgrades (PRU, MXIM, GRS, CMA)
Wednesday, October 6, 2010 - 9:14am | 146Prudential Financial Inc (NYSE: PRU) was upgraded by Barclays from "underweight" to "equal weight." PRU's shares closed at $54.02 yesterday. Prudential's earnings are likely to surge by 395.43% this year. Credit Suisse upgraded Maxim Integrated Products Inc (NASDAQ: MXIM) from "neutral" to "...