-
Company News for April 8, 2010 - Corporate Summary
Thursday, April 8, 2010 - 8:30am | 243• General Motors announced a $4.3 billion, post-bankruptcy loss in the second half of 2009, as revenue reached $57.5 billion • Bed Bath and Beyond (NYSE:BBBY) posted better-than-expected fiscal fourth quarter earnings of 86 cents a share, up from Zacks estimates of 73 cents, on revenues of $2.24...
-
Company News for April 7, 2010 - Corporate Summary
Wednesday, April 7, 2010 - 8:30am | 290• Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share • MSC Industrial (NYSE:MSM) posted fiscal second quarter...
-
Stock Market News for April 7, 2010 - Market News
Wednesday, April 7, 2010 - 8:30am | 601Tuesday witnessed a tepid session in which stocks struggled for directions and the Dow average failed to cross the 11,000 mark for a second day. The blue-chip average has not been able to cross that psychologically important mark in the last 18 months. Minutes from the last Fed meeting revealed...
-
Barron’s; Credit Suisse Upbeat About Goldman Sachs And Charles Schwab (CS, GS, MS, BX, SCHW, STT)
Monday, April 5, 2010 - 3:02pm | 148In a recent report released by Credit Suisse (NYSE: CS), the bank has listed Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Blackstone (NYSE: BX) as its favorites. The report has stated the market volume improved during the first quarter, whereas investment banking continued to remain weak...
-
Company News for April 5, 2010 - Corporate Summary
Monday, April 5, 2010 - 8:15am | 177• Apple (NASDAQ:AAPL) shares may trade higher Monday after Jaffray & Co. analyst Gene Munster said the company probably sold more than twice as many iPad tablets during its debut weekend than some analysts had expected • Exelon Corp. (NYSE:EXC) announced that it expects to take a first-quarter...
-
Company News for April 1, 2010 - Corporate Summary
Thursday, April 1, 2010 - 8:46am | 241• Research in Motion (NASDAQ:RIMM) reported fourth quarter adjusted earnings ex-items of $1.27, up from 90 cents pro-forma earnings reported a year ago, but one cent short of Zacks estimates of $1.28. Sales of $4.08 billion were ahead of year ago's $3.46 billion, but missed targets of $4.31...
-
Cross-Border And Hostile Deals Give Momentum To M&A (C, AIG, KFT, OSIP, APD)
Thursday, April 1, 2010 - 8:40am | 504Bloomberg reports that the first quarter has seen a rise in mergers and acquisitions with 10 hostile takeovers and more than 2,034 cross-border transactions taking place. According to data compiled by Bloomberg, compared to last year global takeovers rose 5% to $498.24 billion. Cross-Border...
-
Company News for March 30, 2010 - Corporate Summary
Tuesday, March 30, 2010 - 8:16am | 295• A WSJ report that Apple (NASDAQ:AAPL) is developing an iPhone with CDMA capability for Verizon (NYSE:VZ) as well as a new iPhone to be offered this summer sent shares in the firm up 4% in pre-market trade. Verizon shares are trading 1.3% higher, with AT&T (NYSE:T) up 1.0%. Research in Motion...
-
Benzinga’s News Roundup (UBS, MSCC, XRX, WLK)
Tuesday, March 30, 2010 - 7:31am | 283UBS AG (USA) (NYSE: UBS) reported today that it currently expects revenue in its fixed income, currencies and commodities arm to be slightly below the $2.3 billion figure reported earlier by Bloomberg. UBS AG increased 0.68% to $16.28 in the pre-market session. The 52-week trading range for UBS is...
-
Bway Holding Company (BWY) Shares Surge 15% On Buyout News
Monday, March 29, 2010 - 4:01pm | 153Shares of Bway Holding Company (NYSE: BWY) rose 15.68% because of news that the manufacturer and distributor of metal and rigid plastic containers had agreed to be acquired by Private equity firm Madison Dearborn Partners. Bank of America Merrill Lynch (NYSE: BAC) and affiliates of Deutsche Bank...
-
CSLS Exchange Traded Note Linked to the Credit Suisse Long/Short Liquid Index (Net)
Monday, March 29, 2010 - 11:02am | 1325The Credit Suisse Long/Short Liquid Index (Net) ETN (NYSE Arca: CSLS) is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index by tracking the performance of non-hedge fund, transparent market measures. Ticker: CSLS CUSIP:...
-
JPMorgan Chase & Co. (JPM), Lehman Brothers Holdings Inc., UBS AG (UBS) Named Co-conspirators In Municipal Bonds Fraud
Friday, March 26, 2010 - 3:55pm | 395Bloomberg reports that according to documents that have been filed in a U.S. Justice Department criminal antitrust case, JPMorgan Chase & Co (NYSE: JPM), Lehman Brothers Holdings Inc. (OTC: LEHMQ) and UBS AG (NYSE: UBS) are among more than a dozen Wall Street firms that are involved in a...
-
Deutsche Bank (DB) Executives Upset Over Pay
Friday, March 26, 2010 - 10:34am | 137According to an article by Mark DeCambre in the Nypost, executives at Deutsche Bank (NYSE: DB) are upset over pay. Last week, Deutsche Bank hosted 150 of its best talent at the Grove, a golf resort in South of England. Apparently, it was at the golf retreat that issues related to executive pay...
-
Company News for March 26, 2010 - Corporate Summary
Friday, March 26, 2010 - 8:50am | 188• Oracle (NASDAQ:ORCL) reported after the close of yesterday's markets that its fiscal second quarter earnings beat Zacks estimates by two cents, coming in at 38 cents on revenues of $6.4 billion, which topped estimates of $6.3 billion • UBS (NYSE:UBS) said it cut 200 positions in its US brokerage...
-
Apple (AAPL) Up In Pre-Market Trading
Friday, March 26, 2010 - 8:04am | 106Apple Inc. (NASDAQ: AAPL) was up 1.05% to $229.05 in pre-market trading on Friday. The company received a boost after Credit Suisse (ADR)(NYSE: CS) raised its price target for the company from $275 to $300. Earlier, on Thursday, senior staff at the company sold some of their shares in it. Tim Cook...