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Super-Rich Investors Stocking Up Gold by the Ton
Tuesday, October 5, 2010 - 11:43am | 163The world's wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said on Monday. Fears of a double-dip downturn have boosted the appetite for physical bullion...
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Equties Surge; Deutsche Bank, Harley & Juniper Leading (DB, HOG, JNPR)
Tuesday, October 5, 2010 - 10:51am | 194U.S. equities are surging this morning, following the strong banking, tech, and energy sectors. The S&P 500 is up more than 1.8% Tuesday, to $1,158. Shares of Deutsche Bank (NYSE: DB) are higher by more than 3.9%, to $56.42. Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Bank of America (NYSE...
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10 Dow Dividend Stocks for Weary Investors
Tuesday, October 5, 2010 - 7:05am | 459BOSTON (TheStreet) -- Investors are getting earnings-season jitters. Dow stocks still offer bargains and big quarterly dividends, even after last month's rally. To play it safe as companies release earnings in the next four weeks, here are the 10 cheapest Dow dividend stocks. They are ordered by...
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Benzinga's Political Round Up
Monday, October 4, 2010 - 11:00am | 157To comply with Basel III, UBS (NYSE: UBS) and Credit Suisse (NYSE: CS) may need to raise capital, said a Swiss government official. AIG (NYSE: AIG) lowered the valuation on its IPO for AIA in order to get a $1 billion investment from Kuwait Investment Authority. Japan may restrict purchases of real...
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Can Mosaic Co. Tackle Resistance After Q1 Earnings? (MOS)
Monday, October 4, 2010 - 11:00am | 157The Mosaic Company (NYSE: MOS) is slated to take its turn on the earnings stage after Monday's closing bell, with the agricultural chemical concern set to unveil its fiscal first-quarter results. Analysts surveyed by Thomson Reuters (NYSE: TRI) are anticipating a profit of 72 cents per share,...
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Potash Battle Heating Up
Monday, October 4, 2010 - 8:28am | 207The battle for Potash Corp. (NYSE: POT) is heating up again, writes the Wall Street Journal. China's state-owned Sinochem Corp. is doing everything it can to keep Potash from becoming a part of BHP Billiton (NYSE: BHP), including stake a large stake in the company. According to a source familiar...
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Credit Suisse Announces Launch of New ETN, Exposure to the Merger Arbitrage Strategy
Monday, October 4, 2010 - 8:18am | 91Credit Suisse (NYSE: CS) today announced the launch of the new Credit Suisse Merger Arbitrage Liquid Index (Net) ETN. Credit Suisse's Investment Banking division is launching the ETN on one of the Asset Management Liquid Alternative Beta Indices. The Credit Suisse Merger Arbitrage Liquid Index (...
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Benzinga's Top Downgrades (PTP, MSFT, CS, K)
Monday, October 4, 2010 - 6:17am | 149Keefe Bruyette downgraded Platinum Underwriters Holdings Ltd (NYSE: PTP) from "outperform" to "market perform." PTP's shares closed at $42.67 on Friday. Platinum Underwriters' quarterly revenue fell 5.72% y/y. Goldman downgraded Microsoft Corporation (NASDAQ: MSFT) from "buy" to "neutral." MSFT's...
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China Ming Yang Wind Power Announces IPO Pricing
Friday, October 1, 2010 - 7:23am | 112China Ming Yang Wind Power Group Ltd (NYSE: MY) has announced the pricing of its initial public offering today. The company has priced its IPO at $14 per American Depositary Share (ADS). The IPO has been priced at the bottom of its estimated range of $14-$16 per share. MY offered 25 million shares...
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Scanning the World Into Quarter-End
Thursday, September 30, 2010 - 10:22am | 813It's one of those days in the big city, the type of weather one prefers on a Sunday when you can stay in bed and watch football. It's not enough that it's dark and rainy; with the temperatures in the mid-seventies and 93% humidity -- and October peeking around the corner, no less -- you get the...
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UBS: No On Dividends For A While
Thursday, September 30, 2010 - 3:34am | 114UBS (NYSE: UBS), Switzerland's biggest bank, said it will not pay dividends for "some time" to satisfy capital requirements set forth in the new Basel III accords without selling additional shares. UBS CFO John Cryan said on the company's Web site that the bank won't pay dividends for "some time to...
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Goldman Sells Part Of ICBC Stake
Wednesday, September 29, 2010 - 11:37pm | 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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Rent Concessions Here, “Gift” Concessions There
Wednesday, September 29, 2010 - 5:00am | 621Apartment Listings in Japan Rent concessions and incentives have become the norm today not only as a method of getting tenants interested in a property but as a way of renewing their leases as well. I'm skeptical of any pro-forma, regardless of property type, that does not...
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Puts Purchased on UBS AG (UBS)
Monday, September 27, 2010 - 12:54pm | 188Shares of UBS AG (NYSE: UBS) are lower on the session by 0.34%, currently trading at $17.75. The stock has been moving largely higher over the past four months, off of a recent low near $12.25. Options traders are betting that the recent run has come to an end, though. A short while ago the...
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MetLife Units Vend Notes - Analyst Blog
Saturday, September 25, 2010 - 12:00pm | 704Recently, a couple of subsidiaries of MetLife Inc. (MET) sold off senior notes worth approximately $2 billion. According to the Reuters, on Wednesday, MetLife Global Funding I vended off its 5-year senior notes worth $850 million in the 144A private placement market. The quantum of the notes...