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Cameron Edges Past Estimate - Analyst Blog
Wednesday, February 10, 2010 - 2:50pm | 538Cameron International Corp.’s (CAM) fourth quarter results were marginally better than expected, reflecting solid performance in the execution of project-related business. Earnings per share, excluding severance-related costs and charges associated with the acquisition of NATCO Group, came in at...
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Company News for February 10, 2010 - Corporate Summary
Wednesday, February 10, 2010 - 10:25am | 256• Bank of America (NYSE:BAC) upgraded Dell (NASDAQ:DELL) to "buy" from "neutral," with the price target raised to $18 from $16.50 • Adobe (NASDAQ:ADBE) was upgraded by analysts at Credit Suisse (NYSE:CS) from "neutral" to "outperform," with the price target raised to $39.50 from $35 • Peabody...
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UBS AG (UBS) Not To Pay $282 Million Of Bonuses
Wednesday, February 10, 2010 - 9:05am | 139According to Bloomberg, UBS AG’s (NYSE: UBS) loss of 2.74 billion francs for the year 2009 will trigger the bank’s bonus claw back mechanism for the first time, depriving senior bankers of 300 million Swiss francs ($282 million) of deferred pay they were due to receive this year. Last year the...
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UBS Returns To Profit But Faces Higher Outflows By Clients (UBS)
Tuesday, February 9, 2010 - 8:47am | 180Swiss Bank UBS AG (NYSE: UBS), which suffered huge losses during the credit crisis, has reported profit for the first time in more than a year. The company has recently reported results for the fourth-quarter However, it also reported that some of its wealthy clients accelerated the rate of...
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JP Morgan Chase & Co.’s (JPM) Card Segment Well-Positioned To Market Win Share
Monday, February 8, 2010 - 5:08pm | 130Credit Suisse (ADR) (NYSE: CS) has released an update on JP Morgan Chase & Co. (NYSE: JPM). Credit Suisse recently met Gordon Smith, CEO of the Cards Services division at JP Morgan. According to Credit Suisse, despite the challenging operating environment in the last two years, the management...
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Apple, Inc. (AAPL) Maintains An Outperform Rating
Monday, February 8, 2010 - 5:02pm | 132Credit Suisse (ADR) (NYSE: CS) has released an update on Apple, Inc. (NASDAQ: AAPL) after meeting with the company’s management last week. According to Credit Suisse, not a lot of near-term information was offered at the meeting. However, Credit Suisse is impressed by the management’s positive...
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Weyerhaeuser Company (WY) Upgraded To Neutral
Monday, February 8, 2010 - 4:45pm | 119Credit Suisse (ADR) (NYSE: CS) has upgraded Weyerhaeuser Company (NYSE: WY) from an Underperform to Neutral rating. The company has reported weaker-than-expected results for the fourth quarter, with a loss of $0.52 per share. Credit Suisse has raised the 2010 and 2011 estimates for the company. It...
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Hasbro, Inc. (HAS) Reports Strong Results For Fourth-Quarter
Monday, February 8, 2010 - 12:08pm | 117Analysts at UBS (NYSE: UBS) have released an update on Hasbro, Inc. (NYSE: HAS). Hasbro reported strong results for the fourth-quarter. The company reported EPS of $1.09 for the quarter, which came in ahead of analysts’ estimate of $0.89, and consensus of $0.81. The company reported revenue growth...
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Stock Falls In Emerging Countries Could Mirror 2004 Rally (CS, GS, MS)
Monday, February 8, 2010 - 11:05am | 191Developing nation stocks fell at the most rapid pace in the last 11 months. Investment strategists at Credit Suisse (NYSE: CS), Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) seem to be enthused by this, expecting a repeat of the rally of 2004. Jonathan Garner of Morgan Stanley says that...
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Market Round-up (UBS, GOOG¸ AAPL, MOT¸ PG, PFE, MRK, LLY, CVS, WAG)
Friday, February 5, 2010 - 3:08pm | 348UBS (NYSE: UBS), battered by a US tax evasion probe, is set to reorganize its US wealth management unit. In the shakeup, the company can possibly sell PaineWebber, which a company executive calls a "non-core" business. Google (NASDAQ: GOOG) has sold only 80,000 Nexus One phones in its first month...
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Western Union Company’s (WU) Earnings Estimate Lowered
Friday, February 5, 2010 - 1:12pm | 165Credit Suisse (ADR) (NYSE: CS) has released an update on Western Union Company (NYSE: WU) in its tech daily report released yesterday. The company has reported results for the fourth-quarter. Western Union reported revenue of $1.314 billion, 2.3% ahead of Credit Suisse’s estimate. The EPS of $0.32...
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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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Cisco Systems, Inc. (CSCO) Estimates And Price Target Raised
Friday, February 5, 2010 - 10:03am | 154Credit Suisse (ADR) (NYSE: CS) has raised the estimates and price target for Cisco Systems, Inc. (NASDAQ: CSCO) in its tech daily report released yesterday. The estimates have been raised after the company reported a strong second-quarter. Cisco reported EPS of $0.40 on revenue of $9.82 billion...
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Invest In The Large Caps: Credit Suisse (CS) Analyst Tells CNBC
Wednesday, February 3, 2010 - 11:15am | 110Markets are buoyed by good earnings reports and encouraging auto sales data. Talking with CNBC, Robert Weissenstein, chief investment officer with Credit Suisse (NYSE: CS), shared his outlook on the future of the markets. He said that companies are reporting solid earnings and have managed to beat...
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IT Hardware Industry Update (LXK, EMC, PAR, NZ, DELL)
Tuesday, February 2, 2010 - 2:51pm | 165Credit Suisse (ADR) (NYSE: CS) has released an update on the IT Hardware industry in a research report released yesterday. IT Hardware stocks underperformed the market in the previous week. The companies in Credit Suisse’s coverage saw a decline of 2.2% compared to a 0.5% decline in the S&P...