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Credit Suisse (CS) 2010 Outlook Dull For China Stocks
Thursday, December 3, 2009 - 10:21am | 115Credit Suisse (NYSE: CS) forecasts a tough 2010 of limited upsides for Chinese stocks, with just single-digit percentage gains expected for major indexes. Chinese stock valuations seem to be stretched after 12 months of rallying, as per Credit Suisse’s 2010 Outlook, and a focus on consumer-focused...
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Stock Market News for December 03, 2009 - Market News
Thursday, December 3, 2009 - 10:19am | 391Stocks held on to previous session’s gains as an upbeat assessment of the economy from the Federal Reserve overshadowed a decline in banking and energy shares. The Dow Jones industrial average, struggling to find direction, slipped from its 14-month high as investors turned their focus towards...
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Company News for December 02, 2009 - Corporate Summary
Wednesday, December 2, 2009 - 10:13am | 125• Credit Suisse (NYSE:CS) upgraded SunTrust (NYSE:STI) to "outperform," with a price target of $29 • Joseph A Bank (NASDAQ:JOSB) reported third quarter earnings of 63 cents a share, beating Zacks estimates of 56 cents a share on revenues of $161 million, slightly ahead of Zacks projections for $160...
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Stock Market News for November 30, 2009 - Market News
Monday, November 30, 2009 - 10:11am | 514U.S. stocks played catch-up with their overseas counterparts Friday as Dubai’s worrisome debt problems fueled concerns that the global economic recovery is still on a shaky ground. Apprehensions that the crisis in the Persian Gulf city-sate could have far-reaching implications resulted in steep...
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Company News for November 24, 2009 - Corporate Summary
Tuesday, November 24, 2009 - 10:36am | 288• Hewlett Packard (NYSE:HPQ) reported strong results after Monday's close, helped by robust sales in China and improved margins on its service operations. The firm also increased share repurchases to $12 billion and projected fiscal 2010 earnings of $4.25 to $4.35 a share on revenues of $118...
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Company News for November 23, 2009 - Corporate Summary
Monday, November 23, 2009 - 10:11am | 220• A large run of holiday sales offerings crashed the Ebay (NASDAQ:EBAY) website, causing a major weekend web outage • Tyson Foods (NYSE:TSN) reported better-than-expected earnings of 28 cents a share, beating Zacks estimates by 2 cents, on revenues of $7.2 billion, which exceeded Zacks estimates of...
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Moody's Reviewing Deutsche Bank Debt Ratings (DB)
Thursday, November 19, 2009 - 3:52pm | 104Moody's Investors Service is reviewing whether to lower its rating on Deutsche Bank (NYSE: DB) AG's long-term debt. The largest German bank's deposits and senior debt currently have the second-highest rating given by Moody's, "Aa1." Moody's affirmed the bank's short-term ratings. A surge in global...
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5 Large-Cap NYSE Stocks with Highest Cash Per Share (BRK-A, GS, BCS, CS, MS)
Thursday, November 19, 2009 - 8:18am | 163Below are interesting large-cap stocks on the NYSE that have highest cash per share. Berkshire Hathaway Inc (NYSE: BRK-A) has the cash per share of $17,350 and a market capitalization of $161.11 billion. BRK-A has posted its earnings for the September quarter higher than the consensus. Goldman...
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Company News for November 18, 2009 - Corporate Summary
Wednesday, November 18, 2009 - 10:07am | 228• TJX (NYSE:TJX) posted a larger-than-anticipated profit as demand for discounted consumer products continued. The firm said it sees fourth-quarter earnings of 65 cents to 71 cents a share from continuing operations • Saks (NYSE:SKS) reported a surprise quarterly profit • Microsoft (NASDAQ:MSFT)...
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American Express To Battle Paypal (EBAY)
Wednesday, November 18, 2009 - 9:43am | 238American Express Company (NYSE: AXP) has acquired Revolution Money, a Revolution LLC company for $300 million. Revolution Money raised over $90 million from the likes of Citi (NYSE: C), Morgan Stanley (NYSE: MS) and Deutsche Bank (NYSE: DB). Revolution Money, launched by AOL Co-founder Steve Case’s...
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Fortinet To Go Public On November 18
Tuesday, November 17, 2009 - 4:32pm | 102Computer security firm Fortinet plans to make its public debut on the Nasdaq tomorrow under the ticker "FTNT." The company could raise as much as $137.5 million if the shares price at the top end of the $9-$11 range. Fortinet said it will issue roughly 5.8 million shares. Fortinet makes antivirus...
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Company News for November 17, 2009 - Corporate Summary
Tuesday, November 17, 2009 - 10:39am | 205• Home Depot (NYSE:HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, "There is still a...
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Benzinga’s Top News Round-up (DDS, AGO, COV, APOL, HD, BT, APWR, UBS, IAPLY, EJ)
Tuesday, November 17, 2009 - 9:32am | 544Dillard's, Inc. (NYSE: DDS) reported third-quarter profit of $8 million and sales of $1.36 billion compared to $1.51 billion while analysts estimated a loss of $0.51 a share on sales of $1.31 billion. As a result, Dillard's, Inc. (NYSE: DDS) is trading at $13.45, increased 0.90% in the pre-market...
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UBS share holders await Tuesday's full day presentation
Tuesday, November 17, 2009 - 2:38am | 224UBS AG(NYSE: UBS) Will be center stage in Zurich Tuesday as two key speakers prepare for a day long presentation. Oswald Grubel who took over as chief executive in February will highlight his overall restructuring of UBS,one of the hardest hit banks amid the global downturn. Interest in the...
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Company News for November 11, 2009 - Corporate Summary
Wednesday, November 11, 2009 - 9:50am | 317• Goldman Sachs (NYSE:GS) added Cytec Industries (NYSE:CYT) to its Conviction Sell List, with a target of $31. The analyst warned of the bleak outlook for the late-cycle aerospace industry, and economic uncertainties in Europe, which represents 40% of sales • JP Morgan (NYSE:JPM) plans to...