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Transcontinental Flight to Safety 06-15-2011
Wednesday, June 15, 2011 - 5:28pm | 933Cusick's Corner Well, we just took a ride on the transcontinental flight to safety and for some of us this has been neither a cheap nor enjoyable flight, especially with the Euro dumping over 2% against the Buck. There was a small lift after the lows on the close but we are at critical levels on...
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Opa! Short Gyros, Long Windex 06-15-2011
Wednesday, June 15, 2011 - 2:06pm | 1007Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...
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Air Canada's Great Pension Divide?
Monday, June 13, 2011 - 9:06pm | 1723CBC reports on Air Canada's great pension divide: One of the key issues that had Air Canada management and union negotiators talking right up to the Monday midnight strike deadline was pensions. The Canadian Auto Workers union — which represents the airline's 3,800 sales and service agents —...
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Benzinga's Political Roundup June 10, 2011
Friday, June 10, 2011 - 11:03am | 108Ally Financial is delaying its $6 billion IPO due to bad market conditions. Ally is majority owned by the U.S. government. The Federal Reserve is now the largest owner of U.S. Treasuries, surpassing China. The United States and Switzerland are in discussions to have several Swiss, such as UBS...
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Calls Purchased on Deutsche Bank AG
Thursday, June 9, 2011 - 11:23am | 127Shares of Deutsche Bank AG (NYSE: DB) are higher on the session by 0.91%, currently trading at $57.84. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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The Greek Tragedy: The Headlines Just Keep On Coming
Tuesday, June 7, 2011 - 7:31am | 397Not hours after the IMF said that it would be open to delaying payments from Greece, Moody's is out with some comments on the situation and said that a Greek debt roll-over would be considered a default. The sovereign head of Moody's said that a Greek debt roll-over would be a credit event, and...
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Options Brief: Credit Suisse Group AG
Monday, June 6, 2011 - 9:12am | 86Shares of Credit Suisse Group AG (NYSE: CS) are lower on the session by 1.40%, trading at $42.22. Overall call volume is now running at 2.61x the daily average, with 9% of all calls traded being purchases on the offer. 1,200 contracts have traded on the session so far. Credit Suisse Group AG is...
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Options Brief: Credit Suisse Group AG
Friday, June 3, 2011 - 12:11pm | 86Shares of Credit Suisse Group AG (NYSE: CS) are higher on the session by 0.85%, trading at $42.97. Overall call volume is now running at 3.14x the daily average, with 87% of all calls traded being purchases on the offer. 1,320 contracts have traded on the session so far. Credit Suisse Group AG...
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Foster's: Australian for Acquisition Speculation
Friday, June 3, 2011 - 6:02am | 209Foster's Group, an Australian-based brewer, is famous for its marketing catchphrase: "Foster's: Australian for beer." Lately though, the company's executive staff has had to deal more with a potential buyer than marketing, a source told Reuters. Speculation has grown that Molson Coors Brewing...
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Goldman Hires New Head of Asia Mining Team
Monday, May 30, 2011 - 8:22am | 156Goldman Sachs (NYSE: GS) has tapped Johan van Jaarsveld from Blackstone Group (NYSE: BX) to head a newly created team advising mining and metals companies in Asia outside Japan, according to a report in the San Francisco Chronicle. Mergers among metals and mining companies in the Asia-Pacific...
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$80 Billion In Secretive Fed Loans Disclosed
Thursday, May 26, 2011 - 1:36pm | 193An article from Bloomberg today reveals that the Federal Reserve instituted a secretive loan program from March through December 2008, which provided cheap funding to troubled banks. The largest borrowers were Credit Suisse (NYSE: CS), Goldman Sachs (NYSE: GS) and Royal Bank of Scotland (NYSE: RBS...
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Klayman & Toskes Files $750,000 Claim Against UBS On Behalf of Trust Beneficiary
Tuesday, May 24, 2011 - 2:51pm | 82The Securities Arbitration Law Firm of Klayman & Toskes announced today that it filed a securities arbitration claim on behalf of a Trust beneficiary against UBS (NYSE: UBS) Financial Services for losses sustained as a result of maintaining a concentrated position in Synovus Financial Corp. (...
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Bears Banking on Credit Suisse Group AG
Friday, May 20, 2011 - 10:13am | 138Shares of Credit Suisse Group AG (NYSE: CS) are higher on the session by 0.34%, currently trading at $41.62. The stock has been moving largely lower over the past two months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Credit Suisse And Eurobank Chosen For State Lottery Competition in Greece -Bloomberg
Wednesday, May 18, 2011 - 6:18am | 31Bloomberg reports that Credit Suisse (NYSE: CS) and Eurobank chosen for state lottery competition. Greece will choose 9 Greek banks on real estate exploitation.
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Is EnCana Corporation (ECA) the Perfect Stock?
Monday, May 16, 2011 - 8:41am | 1384Over the past 12 months, EnCana Corporation (ECA) net income is $87 million, is trading now at a price of $32.64, a dramatic change of 0.00 with % change of 0.00 from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of...