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HIG Warrants Estimated at $706M - Analyst Blog
Thursday, September 23, 2010 - 8:52pm | 599Diluting its ownership in Hartford Financial Services Group Inc. (HIG) on Wednesday, the US Treasury auctioned 52.1 million 10-year warrants at a sale price of $13.70 per warrant, thereby raising $706.3 million in the process. These warrants carried a minimum bidding price of $10.50 per warrant....
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Forget gold: Tech IPOs on the Move
Wednesday, September 22, 2010 - 11:09am | 1134If you're not a technology investor, you're missing out on some of the biggest gains - ever. And today, that trend continues. Technology stocks are leading the broad market. They're also leading the IPO market. Of the companies that went public over the summer tech issues are among...
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Forget gold: Tech IPOs on the Move
Wednesday, September 22, 2010 - 11:09am | 1134If you're not a technology investor, you're missing out on some of the biggest gains - ever. And today, that trend continues. Technology stocks are leading the broad market. They're also leading the IPO market. Of the companies that went public over the summer tech issues are among...
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What's Hot On TheStreet
Wednesday, September 22, 2010 - 10:53am | 255Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Commodity Bull May Be Ready for Breather On Monday all of the buzz surrounded the S&P 500's breakout above the 1,130 trading-range high. After all, the U.S. benchmark had visited the 1,040 level -- the low...
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30% upside with this 'other' golden metal
Wednesday, September 22, 2010 - 8:39am | 891A gold metal for boom times Warehouse stocks are falling... The investment with 30 percent upside this year Today I want to talk about a metal that gets little love or attention in the mainstream media - until it dramatically increases in price. I know you'...
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Sinochem Hires Citi, Deutsche Bank To Evaluate Potash Bid
Wednesday, September 22, 2010 - 12:49am | 190China's Sinochem, that country's largest chemicals trader, has reportedly hired Citigroup (NYSE: C) and Deutsche Bank (NYSE: DB) to help it explore a bid for Potash Corp. of Saskatchewan (NYSE: POT). Speculation has intensified in recent days that Sinochem would make a competing bid to BHP Billiton...
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Deutsche Bank To Raise $13.3B In Offering
Tuesday, September 21, 2010 - 3:18am | 111Deutsche Bank (NYSE: DB), Germany's largest bank, will raise $13.3 billion in what will be Europe's biggest rights offering this year to raise fresh capital and to acquire Deutsche Postbank. The bank plans to sell 308.6 million new shares for about $43 a piece, 30 percent less than yesterday's...
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Capital IQ Acquires TheMarkets.com For $300M
Tuesday, September 21, 2010 - 12:47am | 226Capital IQ, a provider of market analytics to investment banks and private equity firms, will pay $300 million to acquire rival TheMarkets.com. TheMarkets.com, founded in 2000, is a joint venture of several Wall Street banks including Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) as a way...
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Company News for September 20, 2010 - Corporate Summary
Monday, September 20, 2010 - 6:48pm | 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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Banking on Bernie: Street Now Trading Claims Against Madoff
Friday, September 17, 2010 - 1:02pm | 90Leave it to Wall Street to find a way to make money from the misery of investors ripped off by Ponzi swindler Bernie Madoff. A number of big firms, including Deutsche Bank (NYSE: DB), are trading the legal “claims” that ripped-off investors have against Madoff, offering pennies on the dollar for...
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Company News for September 17, 2010 - Corporate Summary
Friday, September 17, 2010 - 9:15am | 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...
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EU Tightens Short-Sale Norms - Analyst Blog
Thursday, September 16, 2010 - 3:09pm | 2717In an effort to restrain the excessive risk-taking attitude of traders while dealing with the complicated financial products such as derivatives, the European Union (EU) has proposed a number of initiatives for regulation on short-selling and credit default swaps. According to the proposal,...
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Wyndham Issues Senior Notes - Analyst Blog
Thursday, September 16, 2010 - 10:42am | 639Wyndham Worldwide Corporation (WYN) announced the pricing of $250 million unsecured senior notes. The senior notes bear an annual interest rate of 5.75% and will mature in eight years. The interest will be paid semi annually on February 1 and August 1 of each year, commencing February 1, 2011....
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Company News for September 15, 2010 - Corporate Summary
Thursday, September 16, 2010 - 6:33am | 656• MasterCard's (NYSE: MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its "buy" rating on Varian Semiconductor (NASDAQ: VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE: C) initiated coverage of General Electric (...
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Vernon Healy Files Another $4 Million in Lehman Notes Claims Against UBS
Wednesday, September 15, 2010 - 12:15pm | 77The investment fraud attorneys at Vernon Healy today filed another $4 million in claims against UBS (NYSE: UBS), alleging that the firm perpetrated securities fraud against investors who were sold Lehman products, including products that UBS promised were principal protected. The multiple claims...