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AIB Announces Disposal of the M&T Shareholding
Tuesday, October 5, 2010 - 4:25pm | 120Allied Irish Banks, p.l.c. (NYSE: AIB) announces that it has commenced the disposal process for its 22.4 per cent shareholding in M&T Bank Corporation (NYSE: MTB). The disposal is subject to AIB shareholder approval, and is taking the form of a public offering in the United States of 26,700,...
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ICICI Bank: Global Expert Banks on India (IBN)
Tuesday, October 5, 2010 - 1:28pm | 132"Our latest global play is on the strongest-performing stock market of 2010 among the roaring BRIC economies: India," says Nicholas Vardy. The editor of Global Bull Market Alert explains, "We recommend the country's leading private bank, ICICI Bank Ltd. (NYSE: IBN). I think the stock will be a...
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3 Foreign Stocks Yielding More Than 5%
Tuesday, October 5, 2010 - 9:53am | 338Everyone wants growth and emerging markets in their portfolios, as emerging market economies have been growing faster than the U.S. economy for years. Everyone also wants some yield on their investments, gaining a little more bang for their bucks. Here are three foregin stocks that are yielding...
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Bank of America Stalls Foreclosure Process - Analyst Blog
Monday, October 4, 2010 - 11:21pm | 980On Friday, Bank of America Corporation (BAC) announced that it is holding up foreclosures in 23 states to examine whether some of its former executives rushed through documents of homeowners without properly evaluating the authenticity of the information. The verification includes the accuracy of...
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Nomura Downgrades STD To Neutral
Monday, October 4, 2010 - 6:11am | 42Analysts at Nomura downgrade Banco Santander SA (NYSE: STD) from "buy" to "neutral." STD shares lost 0.63% to close at $12.58 on Friday. Read more from Benzinga's Markets.
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Structured Notes: The Retail Broker's Own Little Synthetic CDO
Sunday, October 3, 2010 - 5:36pm | 375In the coming weeks, I'm going to put the entire Structured Products and Reverse Convertible business on blast, but now is not the time. A new article announces the fact that $31.9 billion worth of this stuff has been sold to customers so far this year, almost 60% more than by this time last year...
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5 Cheap Financial Stocks With Big Dividends
Friday, October 1, 2010 - 11:39am | 208(TheStreet) -- Citigroup (NYSE: C) and Bank of America (NYSE: BAC) may be popular with investors, but those looking for dividends have to look elsewhere. TheStreet ran a screen for financial stocks with a market cap of more than $1 billion that have a price-to-earnings ratio of less than 10 and a...
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Top Narrow Based Indexes For October 1 (WIT, ACN, SHG)
Friday, October 1, 2010 - 10:40am | 201By 10:33 am, the Dow Jones Industrial Average was up 10.37 points, or 0.10%, to 10,798.42, while the broader Standard & Poor's 500 index had lost 0.16 points, or 0.01%. The NASDAQ composite index fell 4.76 points, or 0.20%. Some of the narrow based indexes that are supporting the market are...
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JPMorgan Halts Foreclosure Process - Analyst Blog
Thursday, September 30, 2010 - 2:24pm | 785On Wednesday, JPMorgan Chase & Co. (JPM) announced that it is stopping nearly 56,000 foreclosures. The company said that it will verify many of the loan documents that some of its employees may have singed without properly verifying the authenticity of the information in them. The verification...
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News Summary
Thursday, September 30, 2010 - 9:33am | 172Shares of LeCroy Corp (NASDAQ: LCRY) gained after the company projects a rise of 38% in its Q1 revenue. The company forecasts its Q1 revenue at $38.6 million, up from $28 million, in the year-ago quarter. However, analysts were expecting revenue of $37.6 million for the same period. LCRY is...
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3 Stock Buys For The Speculative Investor
Thursday, September 30, 2010 - 2:30am | 818Every great investor has to build a portfolio of solid companies that meet their investment strategies. Great investors also allow themselves the freedom to speculate from time to time. (For more on Why Most Good Investors Speculate, read my post at Money Under 30.) Speculation can sometimes lead...
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3 Stock Buys For The Speculative Investor
Thursday, September 30, 2010 - 2:30am | 797Every great investor has to build a portfolio of solid companies that meet their investment strategies. Great investors also allow themselves the freedom to speculate from time to time. (For more on Why Most Good Investors Speculate, read my post at Money Under 30.) Speculation can sometimes lead...
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Goldman Sells Part Of ICBC Stake
Thursday, September 30, 2010 - 12:37am | 166Goldman Sachs (NYSE: GS) has sold part of its stake in Industrial & Commercial Bank of China (ICBC), the world's largest lender by assets, for $2.25 billion. The news sent ICBC's Hong Kong-listed shares to a four-month low. Goldman sold 3.04 billion shares, more than the originally planned 2.75...
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Allied Irish Bank (AIB) Rallies 17%
Wednesday, September 29, 2010 - 7:42pm | 106Allied Irish Bank (AIB) advanced 17% today on news that the government injected 2 to 3 billion euro dollars into the bank. This is good news for the banking giant since the company needs to find over $7 billion dollars in new capital. Irish regulatory agencies are giving Allied Irish until the end...
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Cornerstone OnDemand To Raise $115 Million Through IPO
Wednesday, September 29, 2010 - 12:34pm | 89Cornerstone OnDemand Inc has filed an initial public offering (IPO) to make close to $115 million. Cornerstone is a California-based company that deals in learning and talent management software and services. The firm has not proposed either a trading symbol or an exchange for its stock. Goldman...