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UBS Hid Offshore Bank Accounts From IRS (UBS)
Thursday, April 15, 2010 - 4:38pm | 143IRS has charged seven former UBS (NYSE: UBS) clients for filing false tax returns. These seven clients are guilty of hiding more than $100 million held offshore in Swiss accounts. According to Reuters, this case is the latest in a slew of cases the government has brought against former clients of...
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Company News for April 15, 2010 - Corporate Summary
Thursday, April 15, 2010 - 8:30am | 172• Fairchild Semiconductor International (NYSE:FCS) posted first quarter results one cent higher than Zacks estimates at 25 cents on revenues of $378 million, which beat projections of $372 million • Several analysts sent price targets for UPS (NYSE:UPS) higher, as the firm provided upside guidance...
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UBS Shareholders Express Anger Over Fat Pay Packages (UBS)
Wednesday, April 14, 2010 - 12:44pm | 140Around 40 percent of UBS (NYSE: UBS) shareholders have admonished the bank for awarding fat paychecks to its executives. According to Reuters, a majority of shareholders gave their approval to the bank’s 2009 compensation plan. However, the large share of votes against the motion will keep the...
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Stock Market News for April 14, 2010 - Market News
Wednesday, April 14, 2010 - 8:33am | 475Ahead of bellwether Intel’s results U.S. stocks recorded slim gains Tuesday as optimism about corporate earnings was offset by Alcoa’s disappointing quarterly profit. Stocks traded in the red in early going, hurt by Alcoa’s poor kickoff to earnings season, but expectations that Intel’s numbers...
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Company News for April 14, 2010 - Corporate Summary
Wednesday, April 14, 2010 - 8:33am | 232• Intel (NASDAQ:INTC) reported its "best first quarter ever" on increased consumers spending on new computers. Earnings of 43 cents beat Zacks estimates of 38 cents a share and last year's 11 cent profit. Revenues of $10.3 billion were ahead of Zacks estimates of $9.8 billion and well above prior...
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UBS Upgraded To Overweight
Wednesday, April 14, 2010 - 8:10am | 37Analysts at HSBC upgrade UBS AG (NYSE: UBS) from "neutral" to "overweight." UBS’ shares closed at $17.10 yesterday. More Analyst Ratings here.
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M.D.C. Holdings Gets A “Buy” Rating (DB, MDC, DHI, KBH)
Tuesday, April 13, 2010 - 11:23am | 173In a recently released report, Deutsche Bank (NYSE: DB) has said that the homebuilders sector looks positive. The sector is currently trading between 0.8X -1.25X multiple of adjusted book value. The report has adjusted its price-to-book ratio from 1.40X to 1.19X. This adjustment has been made due...
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US Stock Futures Point To Weaker Opening Today
Tuesday, April 13, 2010 - 8:01am | 274US stock futures point to a lower opening today as Alcoa’s unimpressive results have disappointed investors who were looking forward to a power-packed kick-off of the earnings season. Futures on S&P 500 lost 2.8 points to 1189.80, while those on Nasdaq 100 fell 5.75 points to 1986.70. Meanwhile...
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UBS Posts Quarterly Profit of $2.5 Billion (UBS)
Monday, April 12, 2010 - 12:37pm | 110According to Bloomberg, Swiss banking giant, UBS AG (NYSE: UBS) posted its highest quarterly profit in about 3 years after a better-than-expected performance at its debt trading division. The stock rose more than 4.3 percent in morning trade today. The stock is up 14 percent in 2010. The company...
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DynCorp Accepts Cerberus Bid (DCP, BAC, BCS, C, DB)
Monday, April 12, 2010 - 12:05pm | 177Cerberus has announced its acquisition of DynCorp International Inc. (NYSE: DCP) for $1.5 billion. Private-equity firm Cerberus would also assume DynCorp’s (DCP) debt. According to Reuters, DynCorp shareholders will receive $17.55 in cash for each share held. This bid is a 49% premium to Friday’s...
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Company News for April 12, 2010 - Corporate Summary
Monday, April 12, 2010 - 8:45am | 189• Mirant Corp (NYSE:MIR) agreed to a merger with rival RRI Energy (NYSE:RRI) in an all-stock deal valued at $3.1 billion • UBS (NYSE:UBS), ahead of a likely contentious Wednesday shareholders meeting, preannounced estimated pretax profits of at least $2.36 billion for the first quarter • ...
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Banks Gear Up To Report First-Quarter Earnings (JPM, GS, CS)
Monday, April 12, 2010 - 7:44am | 283According to a report by the Financial Times, even though trading in equity markets and investment banking were very subdued, expectations are high among investors that U.S. financial companies will post strong first-quarter earnings. As there is a slump in major revenue sources, analysts believe...
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Benzinga’s News Roundup (UBS, PALM, HNR, CLNE)
Monday, April 12, 2010 - 6:49am | 315UBS AG (USA) (NYSE: UBS) expects to report first-quarter pretax profit of at least 2.5 billion Swiss francs ($2.4 billion) as withdrawals by wealthy clients slowed sharply. UBS AG increased 4.54% to $17.27 in the pre-market session. The 52-week trading range for UBS is $9.98 - $19.32. UBS closed at...
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European Stocks Hit By Greek Crisis (DB, UBS)
Thursday, April 8, 2010 - 10:48am | 128The growing concern over Greece’s escalating debt crisis hit European stocks, which slid by more than 1%, the largest intraday slide in six weeks. Swiss, German, and French banking stocks in particular, were affected. Societe Generale (OTC: SCGLY), Deutsche Bank (NYSE: DB), and UBS (NYSE: UBS)...
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High Yielding Stocks That Analysts Recommend
Thursday, April 8, 2010 - 8:58am | 432According to an article in TheStreet, complacency could put an end to the growth in the stock market that has rallied in 2010. Traders can gain a margin of safety by buying dividend paying stocks. The three high-yielding stocks that are recommended by a majority of the analysts as "buy" are:...