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Benzinga's Top ETF Gainers (FAZ, SOXS, TZA, DRV)
Wednesday, September 22, 2010 - 4:41pm | 193Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) traded higher on Wednesday, as the financial stocks struggled. FAZ added 4.39%, and in the space, Morgan Stanley (NYSE: MS) dropped 4.26% and Wells Fargo & Company (NYSE: WFC) fell 2.16%. Direxion Daily Semiconductor Bear 3X Shares (NYSE...
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Credit Suisse Downgrades STD To Neutral
Wednesday, September 22, 2010 - 6:11am | 42Analysts at Credit Suisse downgrade Banco Santander SA (NYSE: STD) from "outperform" to "neutral." Shares of STD gained 0.23% to close at $12.90 yesterday. More Analyst Ratings here
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M&T to Sell Stake to Santander? - Analyst Blog
Tuesday, September 21, 2010 - 6:33pm | 824M&T Bank (MTB) may sell a majority stake to Banco Santander SA (STD), according to a Bloomberg report. The report also said that the banks are in consultation, though informally, with the Federal Reserve for sketching a deal. They expect to hear from Federal Reserve by the end of this month....
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Sempra JV Divestment Nearing End - Analyst Blog
Tuesday, September 21, 2010 - 11:45am | 522Sempra Energy (SRE) announced that it will dispose the remaining assets of its joint venture with Royal Bank of Scotland Group PLC (RBS) – RBS Sempra Commodities. The remaining assets consisting of Sempra Energy Solutions unit would be sold to Hong Kong commodities firm Noble Group for $317...
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Oppenheimer Third Quarter Preview And Industry Updates
Tuesday, September 21, 2010 - 9:28am | 124Oppenheimer believes that the turn in credit quality is firmly in place and expect to see the first signs that loan growth will follow. Oppenheimer takes down its 3Q10 EPS estimates by about 23% on average. However, Oppenheimer continues to recommend: Bank of America(NYSE: BAC) Citigroup (NYSE:...
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Mad Money Lightning Round: Cramer Dislikes Wells Fargo, Advises Investors To Go With Other Big Bank Shares (WFC, JPM, BAC, KBR, AONE, OC, LLL)
Tuesday, September 21, 2010 - 8:02am | 241On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he considers Wells Fargo (NYSE: WFC) as one of his least favorite stocks out of the big banks. He thinks that it requires more equity. He likes JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) adding that, “I say sell...
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Elavon Signs Telecom Canada International to Alliance Agreement (USB)
Tuesday, September 21, 2010 - 7:57am | 97Elavon, a wholly owned subsidiary of U.S. Bancorp (NYSE: USB) has formed an alliance with Telecom Canada International (TCI). With corporate headquarters in Mississauga, Ontario, TCI maintains regional offices in the US and Canada while serving its Chinese and Southeast Asian customers through its...
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Company News for September 20, 2010 - Corporate Summary
Monday, September 20, 2010 - 7:48pm | 865• Safran agreed to acquire L-1 Identity (NYSE: ID) for $1.6 billion cash, or $12 per share • General Growth Properties (NYSE: GGP) paid $230 million to Howard Hughes heirs to settle a dispute • Goldman Sachs (NYSE: GS) upgraded Freeport-McMoRan (NYSE: FCX) to "buy" from "neutral," taking the price...
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M&T Bank Pops on Bloomberg Report (MTB, STD, AIB)
Monday, September 20, 2010 - 3:53pm | 146Shares of M&T Bank Corporation (NYSE: MTB) are popping higher late in the trading session, currently up by 5.04%, at $91.07. Shares are moving on a Bloomberg report that says Banco Santander (NYSE: STD) is in talks to buy a stake in MTB from Allied Irish Banks (NYSE: AIB). Call and put volume...
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LYG CEO To Retire In One Year
Monday, September 20, 2010 - 1:09pm | 146Lloyds TSB Group Plc (NYSE: LYG) said on Monday that its CEO Eric Daniels plans to retire within a year. The company intends to consider both internal and external candidates as the next CEO. LYG added that Daniels would continue as CEO until his successor has been identified. LYG Chairman Win...
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Stock Market News for September 20, 2010 - Market News
Monday, September 20, 2010 - 9:30am | 784Stocks failed to make much headway on the final day of the week and closed with slight gains as strong quarterly numbers from a pair of technology names failed to nudge investors out of their summer slumber. A disappointing consumer sentiment report also tempered investors' enthusiasm. Late...
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Analysis: Private Banks Battling for Advisers to Super-Rich
Monday, September 20, 2010 - 8:32am | 202Recruiting wars in the genteel world of private banking are heating up, with bankers to the super-rich increasingly looking to retail brokerages and wealth management boutiques for new blood. A year after thousands of retail brokers left the largest brokerages to join rivals and independents, the...
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Barron's Bullish On TD Ameritrade
Saturday, September 18, 2010 - 10:18pm | 211Barron's has kind words for discount broker TD Ameritrade (Nasdaq: AMTD), which is 45% owned by Canadian banking giant Toronto Dominion (NYSE: TD). Nebraska-based TD Ameritrade saw its clients place an average of 413,000 orders per day during its fiscal first quarter that ended in June, Barron's...
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Benzinga's Top ETF Gainers (BHH, DAG, DTO, BZQ)
Friday, September 17, 2010 - 10:12pm | 152B2B Internet HOLDRs (ETF) (NYSE: BHH) gained 4.30% today, and closed at $0.718, as Internet Capital Group, Inc. (NASDAQ: ICGE) jumped 2.84%. PowerShares DB Agriculture Double Long ETN (NYSE: DAG) added 4.12% today, as corn, wheat, soybeans and sugar futures contracts traded higher. PowerShares DB...
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Company News for September 17, 2010 - Corporate Summary
Friday, September 17, 2010 - 10:15am | 732• Johnson & Johnson (NYSE: JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ: CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE: GS) upgraded CenturyLink (NYSE: CTL) to "buy" from "neutral" • Goldman Sachs (NYSE: GS) upgraded...