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Aura Receives Approximately $780,000 in US Coast guard Order
Wednesday, September 8, 2010 - 10:54am | 100Aura Systems Inc. (AUSI) announced today that it received the next release under the U.S.C.G. multiyear contract which was awarded in 2006 to Marinette Marine Corporation (MMC). Aura’s AuraGen/VIPER power solution is the power system used on the RB-M. This next 39 boat release is scheduled to be...
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Arthur J. Gallagher & Co. Acquires Old Greenwich Consulting Group (AJG)
Wednesday, September 1, 2010 - 4:20pm | 63Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Old Greenwich Consulting Group located in New York City, New York. Terms of the transaction were not disclosed. Old Greenwich Consulting Group offers employee benefit consulting and brokerage services, including life...
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BCBS-NC Files For Rate Increases
Wednesday, August 25, 2010 - 10:40am | 344Deutsche Bank has issued an industry alert report on the Managed Care sector rate filings published by Blue Cross Blue Shield of North Carolina (BCBS-NC). This report was submitted by BCBS-NC to the NC Department of Insurance for plan effective January 1, 2011, when some of the initial health care...
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Piper Jaffray Reiterates Overweight on CNinsure Inc. (CISG)
Tuesday, August 24, 2010 - 9:19am | 107Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on CNinsure Inc. (NASDAQ: CISG); it also raised its price target on the stock to $33.00, from $29.00. The PJ analysts cited the company’s recent earnings report, which was better than expected due...
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QE or Not to QE? Downside Risks Will Outweigh Upside Risks on Wed and Thursday
Tuesday, August 10, 2010 - 7:53am | 413On the day of the last QE announcement, the SP500 rallied 24 points above the previous days close. Then, it sold off 40 points over the next two trading sessions. For the stock market, whether we get QE or not is not as germane as it will be for the treasury market. However, for equity traders...
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Puts Purchased on CNinsure (CISG)
Monday, August 9, 2010 - 12:16pm | 108Shares of CNinsure Inc. (NASDAQ: CISG) are lower on the session by 0.16%, currently trading at $24.74. The stock has been moving largely lower over the past five months, off from recent highs near $28.75. Options traders are buying puts on the name today. The September $20.00 put was purchased 2,...
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Marsh & McLennan Beats Estimates - Analyst Blog
Tuesday, August 3, 2010 - 1:49pm | 860On August 3, 2010, Marsh & McLennan Companies Inc.(MMC) reported second-quarter adjusted income of $248.0 million or 46 cents per share, ahead of the Zacks Consensus Estimate of 44 cents. This also compares favorably with the income of $190.0 million or earnings of 36 cents in the year-ago...
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August 2nd – 6th Quick Review/Preview: Stocks, Commodities, Forex
Saturday, July 31, 2010 - 10:32pm | 1732Likely Market Movers To Watch This Week For details on these see: The Coming Week: Stocks, Commodities, Forex – 3 Key Market Drivers August 2nd – 6th Friday’s monthly US jobs reports and preceding events that provide clues on their results Euro-zone, UK, and China PMI reports Central bank...
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Willis Group Outperforms - Analyst Blog
Friday, July 30, 2010 - 2:00pm | 551Willis Group Holdings plc (WSH) reported its second-quarter 2010 adjusted net income from continuing operations of 54 cents, lagging the Zacks Consensus Estimate of 57 cents by 3 cents. Results compare favorably with 52 cents in second quarter 2009. Adjusted net income from continuing operations...
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Piper Jaffray ‘neutral’ rating on Arthur J. Gallagher & Co
Thursday, July 29, 2010 - 11:56am | 88Piper Jaffray is out with a research report on Insurance brokerage company Arthur J. Gallagher & Co (NYSE: AJG) and has given a ‘neutral’ rating to the company with a price target of $24. The stock is currently trading at $25.35. AJG declared Q2 operating EPS of $0.40, below the consensus...
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Puts Purchased on CNinsure (CISG)
Wednesday, July 28, 2010 - 2:12pm | 106Shares of CNinsure Inc. (NASDAQ: CISG) are lower on the session by 0.26%, currently trading at $23.33. The stock has been moving largely lower over the past three months and is now sitting on the 200-day moving average. Options traders are buying puts on the name today. The October $20.00 put was...
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Small-Caps, Mid-Caps, & Commodities Hitting 200 MA Resistance 07-27-2010
Tuesday, July 27, 2010 - 8:25pm | 818Cusick’s Corner The market started to hit some resistance into the close, plus commodities have stalled. This is a development because along with small and mid-caps, commodities like Copper, JJC are hitting strong resistance on the 200-Day Moving Average [MA]. If there is little to no follow...
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Puts Purchased on CNinsure Inc. (CISG)
Tuesday, July 27, 2010 - 10:48am | 136Shares of CNinsure Inc. (NASDAQ: CISG) are lower on the session by 2.88%, currently trading at $23.58. The stock has been moving largely higher over the past six months, but has come under selling pressure as of late. The stock is currently sitting right on the 200-day moving average. Options...
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Piper Jaffray Upgrades CNinsure to Overweight (CISG)
Tuesday, July 20, 2010 - 8:08am | 109Piper Jaffray analyst Michael Grasher upgraded CNinsure (NASDAQ: CISG) to Overweight. CNinsure is a Chinese independent insurance intermediary company. It does not underwrite policies. Grasher said, "With the recent completion of a $115.0M secondary offering, CNinsure appears set to engage in the...
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Brown & Brown (BRO) Beats Estimates
Monday, July 19, 2010 - 4:38pm | 205Brown & Brown, Inc (NYSE: BRO) released financial results late Monday that beat Wall Street estimates. Brown & Brown, Inc (BRO) reported that its 2nd quarter net income rose 1.3% to $41.2 million, or 29 cents per share, up from $40.7 million, or 29 cents per share, a year earlier. Although...