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Company News for November 15, 2010 - Corporate Summary
Monday, November 15, 2010 - 10:33am | 805• Caterpillar (NYSE: CAT) announced plans to buy Bucyrus (NASDAQ: BUCY) for $8.6 billion, or $92 per share • EMC (NYSE: EMC) said it plans to buy Isilon (NASDAQ: ISLN) for $33.85 per share, or $2.25 billion • ArcelorMittal (NYSE: MT) said it is interested in buying Massey Energy (NYSE: MEE) • BHP...
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Rodman Announces $5M Share Buyback
Monday, November 15, 2010 - 9:36am | 35Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) today announced that its Board of Directors has approved an additional repurchase of up to $5 million of its common shares.
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Rodman Reports Third Quarter EPS of $(0.10)
Monday, November 15, 2010 - 9:35am | 221Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) today announced financial results for the third quarter of 2010. Third Quarter 2010 Highlights: Investment banking revenue of $15.1 million, compared to $31.3 million and $20.8 million in the third quarter of 2009 and the second quarter of...
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Interactive Brokers takes a Stake in TradeStation
Saturday, November 13, 2010 - 10:44pm | 73Tradestation Group (TRAD) IBG, a holding company associated with Interactive Brokers (IBKR) disclosed ownership of 2,567,522 shares (6.3%), purchased for a total of $17 million, excluding brokerage commissions. That's about $6.22 /share. TRAD could be a takeover target to gain market share at a...
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11/14/10 Weekend Update & Outlook - Goldman Sachs Allowed The Markets A Losing Week?!?! Whoda Thunk It!
Saturday, November 13, 2010 - 7:58pm | 1287Ok, Lloyd Blankfein from Goldman Sachs must have been on vacation this week. He would not be very happy about a week in the red. Although, worry not, I GUARANTEE GS made money this week from it. Afterall, they are the firm that can pull off repeated quaters of no (or only a few) losing days. ...
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BitAuto Looking To Raise $102.6M In IPO
Friday, November 12, 2010 - 4:55pm | 141China's BitAuto Holdings, the owner of auto Web sites used by consumers and auto producers, said it hopes raise up to $102.6 million in an initial public offering next week when it sell 9 million American depositary receipts. Initial investors will sell another 1.6 million shares. BitAuto expects...
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GM IPO Leaves Small Investors Behind
Friday, November 12, 2010 - 2:12pm | 350(TheStreet) -- The little guy appears to be losing out on the General Motors initial public offering. Trading shops like E*Trade (NASDAQ: ETFC), TD Ameritrade (NYSE: TD) and Charles Schwab (NYSE: SCHW) aren't getting access to the GM public offering, expected to occur next week. Despite 35...
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Kent Financial Services Announces Third Quarter EPS Of ($0.04)
Friday, November 12, 2010 - 1:03pm | 76KENT FINANCIAL SERVICES, INC. (NASDAQ: KENT) reported a net loss for the three months ended September 30, 2010 of $113,292 or $.04 per share, compared to a net loss of $145,687, or $.05 per share, for the comparable period in 2009. For the nine months ended September 30, 2010 the net loss was $379,...
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Stock Market News for November 12, 2010 - Market News
Friday, November 12, 2010 - 10:33am | 1011Sharp differences among global leaders over trade policies and a flaring currency dispute that was keeping investors on toes lost some significance on Thursday as Cisco System's disappointing outlook surprised the market and sent stocks lower. The Dow average plunged more than 126 points before...
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Company News for November 12, 2010 - Corporate Summary
Friday, November 12, 2010 - 10:33am | 480• Disney (NYSE: DIS) reported fiscal fourth quarter earnings of $0.45 ex-items, a one cent miss, versus $0.47 a year earlier, as revenues fell 1.4% to $9.7 billion and were below estimates of $9.9 billion • Nvidia (NASDAQ: NVDA) profits fell 21% to $0.15, a one penny beat, as revenues fell 6.6% YoY...
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Charles Schwab Reports Monthly Activity Highlights
Friday, November 12, 2010 - 9:53am | 76The Charles Schwab Corporation (NYSE: SCHW) released its Monthly Market Activity Report today. Company highlights for the month of October 2010 include: Net new assets brought to the company by new and existing clients in October 2010 totaled $6.8 billion. Total client assets were $1.510 trillion...
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Top 4 Small-Cap Stocks In The Financial Sector With The Highest Cash (MF, IBKR, AIB, PNSN)
Friday, November 12, 2010 - 5:59am | 151Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $31.61 billion in total cash and $27.69 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $23.19 billion in total cash for the...
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Investment Technology Group Names Minder Cheng to Its Board
Thursday, November 11, 2010 - 2:01pm | 27Investment Technology Group, Inc. (NYSE: ITG) today announced that Minder Cheng has been appointed to its Board of Directors.
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Stock Market News for November 11, 2010 - Market News
Thursday, November 11, 2010 - 10:36am | 890Stocks managed to close in the positive territory on Wednesday even as investors remained jittery ahead of the Group of 20 meeting in Seoul. There are speculations some nations would question the rationale behind the Federal Reserve's bond-buying program as they see the move lowering the value of...
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Company News for November 11, 2010 - Corporate Summary
Thursday, November 11, 2010 - 10:36am | 888• Wal-Mart (NYSE: WMT) said it will offer free shipping on its website through December 20 • Research In Motion (NASDAQ: RIMM) said it will offer its BlackBerry PlayBook tablet computer for less than $500, a move likely to undercut prices for Apple's (NASDAQ: AAPL) winning iPad • Cisco (NASDAQ:...