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Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, January 27, 2011 - 8:14am | 339Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Actuate Corp (BIRT) Agilysys Inc (AGYS) Banco Santander (BSBR) Credit Suisse (CS) Education Management Corp (EDMC) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report ACTUATE CORP (BIRT):...
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Treasury to Auction Citi Warrants - Analyst Blog
Tuesday, January 25, 2011 - 5:01pm | 904The U.S. Treasury has announced its plan to auction 465.1 million of the Citigroup Inc.'s (C) warrants it holds. The warrants were received as part of the bailout provided to the troubled bank during the financial crisis. The warrant holders have the option to buy Citi common stock at a fixed...
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Treasury to Auction Citi Warrants - Analyst Blog
Tuesday, January 25, 2011 - 4:19pm | 904The U.S. Treasury has announced its plan to auction 465.1 million of the Citigroup Inc.'s (C) warrants it holds. The warrants were received as part of the bailout provided to the troubled bank during the financial crisis. The warrant holders have the option to buy Citi common stock at a fixed...
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Strategic Defaults: An Unfortunate Necessity of the Housing Crisis
Monday, January 24, 2011 - 11:50pm | 1272As a second generation loan officer, who has founded his business on building stable communities one homeowner at a time, I have found it philosophically troubling to advise clients on the pros and cons of stopping payment on a mortgage for an underwater property. For some borrowers, foreclosure...
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Arby's Chain Up for Sale - Analyst Blog
Monday, January 24, 2011 - 2:31pm | 497Wendy's/Arby's Group Inc. (WEN), the fast food chain is planning to sell its Arby's restaurants, so that it can focus its resources on building the Wendy's brand. In 2008, the company was formed through the merger of Triarc, the franchisor of Arby's restaurant chain, and Wendy's, the owner-...
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Arby's Chain Up for Sale - Analyst Blog
Monday, January 24, 2011 - 1:51pm | 497Wendy's/Arby's Group Inc. (WEN), the fast food chain is planning to sell its Arby's restaurants, so that it can focus its resources on building the Wendy's brand. In 2008, the company was formed through the merger of Triarc, the franchisor of Arby's restaurant chain, and Wendy's, the owner-...
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HCP's Debt Offer to add facilities - Analyst Blog
Thursday, January 20, 2011 - 12:01pm | 669HCP Inc. (HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a debt offer of senior unsecured notes worth $2.4 billion. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); BofA Merrill Lynch, the investment banking and wealth...
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HCP's Debt Offer to add facilities - Analyst Blog
Thursday, January 20, 2011 - 11:45am | 669HCP Inc. (HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently announced a debt offer of senior unsecured notes worth $2.4 billion. Wells Fargo Securities LLC, part of Wells Fargo & Company (WFC); BofA Merrill Lynch, the investment banking and wealth...
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Benzinga's Political Roundup (AIG, CMCSA, GE, DB, GS)
Wednesday, January 19, 2011 - 12:00pm | 177Yesterday the U.S. federal government picked lead book runners for the "re-IPO" of AIG (NYSE: AIG). The banks doing the lead bookrunning are Goldman Sachs (NYSE: GS), Deutsche Bank (NYSE: DB), J.P. Morgan (NYSE: JPM), and Bank of America (NYSE: BAC). Yesterday the FCC voted 4-1 in favor of the...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:01am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 9:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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AIG IPO Set Up Oddly (AIG)
Tuesday, January 18, 2011 - 5:17pm | 163Details of the AIG (NYSE: AIG) "re-IPO" are emerging, and it's much different than most offerings. The offering has four book runners, whereas usually there is one or two lead banks on an offering. Not in this case. Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM), Deutsche Bank (NYSE: DB)...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 10:01am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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Company News for January 18, 2011 - Corporate Summary
Tuesday, January 18, 2011 - 9:09am | 880• Comerica (NYSE:CMA) has plans to purchase Sterling Bancshares (NASDAQ:SBIB) for $1.03 billion for a deal worth $10 per share • GlaxoSmithKline (NYSE:GSK) reported charges of $3.4 billion in the fourth quarter to settle lawsuits and fines from earlier sales practices, mostly because of its...
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Community to put Directors in Tenet - Analyst Blog
Monday, January 17, 2011 - 5:01pm | 1041With the intention to grab Tenet Healthcare Corporation (THC), Community Health Systems Inc (CYH) plans to nominate directors to Tenet's board at its annual meeting. Community Health has notified that it will designate 10 of its own nominees, plus four alternates to Tenet's board, which is...