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Goldman To Pull Investment From Falcone Hedge Fund
Wednesday, November 10, 2010 - 4:24pm | 160Goldman Sachs (NYSE: GS), the most profitable Wall Street bank, is reportedly planning to pull its entire $120 million investment in Philip Falcone's main hedge fund due to lagging returns and the revelation that Falcone borrowed money from a smaller fund that had suspended client redemptions....
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Disclosure Delay Costs Goldman - Analyst Blog
Wednesday, November 10, 2010 - 2:03pm | 732Goldman Sachs Group Inc. (GS) has been fined $650,000 by The Financial Industry Regulatory Authority (FINRA) for its failure to disclose within a stipulated time the receipt of Wells Notice by two of its registered representatives.The Wells Notice was issued in relation with the offering of...
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JPMorgan and Bank of America Report Perfect Trading Quarters
Wednesday, November 10, 2010 - 12:55pm | 109So now, when you thought that Goldman Sachs Group Inc. (NYSE: GS) was king of the hill, think twice. JPMorgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) both racked up perfect trading quarters, according to the Wall Street Journal. JPMorgan had 12 days where it made more than...
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Invesco Down On Morgan Stanley Stake Sale (IVZ)
Wednesday, November 10, 2010 - 10:45am | 78Shares of Invesco Ltd. (NYSE: IVZ) are down sharply this morning, after reports came out that Morgan Stanley (NYSE: MS) was selling over 30 million shares of the investment manager at a price of $21.43 per share. The offering will raise $664 million for Morgan Stanley, as it seeks to raise capital...
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Company News for November 10, 2010 - Corporate Summary
Wednesday, November 10, 2010 - 10:30am | 693· Google (NASDAQ: GOOG) decided to raise salaries 10% for its 23,000 odd employees · UBS (NYSE: UBS) downgraded Las Vegas Sands (NYSE: LVS) from Buy to Neutral · Goldman Sachs (NYSE: GS) reiterated its Positive rating for Rackspace (NYSE: RAX) and raised its price...
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Invesco Announces $680M Offering
Wednesday, November 10, 2010 - 9:43am | 139JP Morgan has published a research report on Invesco Ltd. (NYSE: IVZ) after the company announced a divestiture that is not expected to affect the already strong Invesco/Morgan Stanley (NYSE: MS) relationship. In the report, JP Morgan writes "Invesco announced a $680 million follow-on offering in...
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Benzinga's Top Downgrades (GEOY, RWT, SCHW, DF)
Wednesday, November 10, 2010 - 9:22am | 145GeoEye Inc (NASDAQ: GEOY) was downgraded by Merriman Curhan Ford from "buy" to "neutral." GEOY's shares closed at $46.06 yesterday. GeoEye's 52-week trading range is $23.30-$45.92. Redwood Trust Inc (NYSE: RWT) was downgraded by BofA/Merrill from "buy" to "neutral." RWT's stock closed at $14.25...
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Invesco Prices Secondary Common Stock Offering at $21.48
Wednesday, November 10, 2010 - 9:06am | 113Invesco Ltd. (NYSE: IVZ) and Morgan Stanley (NYSE: MS) today announced the pricing of 30,891,439 shares of Invesco's common stock held by an affiliate of Morgan Stanley. The underwriter has agreed to purchase the Invesco common stock from the selling stockholder at a price of $21.48 per share,...
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Keefe Bruyette & Woods On CLP, MET, MS, M&T
Wednesday, November 10, 2010 - 8:23am | 200Keefe Bruyette & Woods has published a research report on several banks reporting financial share changes. In the report, KBW writes "After the close on Wed. 11/3, S&P announced weekly sharecount changes that will be effective after the close TODAY, Wed., 11/10. S&P is increasing the...
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Goldman Says Oil "Substantially Higher" By 2012
Wednesday, November 10, 2010 - 3:15am | 137Goldman Sachs (NYSE: GS) is forecasting "substantially higher" oil prices by 2012 as stockpiles dwindle and excess capacity is pared. The bank said global economic growth will boost demand, paring inventories in the process. Goldman added that OPEC's spare capacity will shrink as the cartel is...
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Zings Of The Day (GS, PCLN, SLE)
Tuesday, November 9, 2010 - 5:02pm | 184Priceline.com (NASDAQ: PCLN) shares jumped today, gaining more than 8% on the back of strong earnings. It also had William Shatner to thank for the tremendous acting he does in the company's TV ads. It really is just Oscar caliber stuff. Sort of like "Ernest Goes To Camp" should've won an Oscar...
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Stifel Financial Up 8.4% On Earnings Beat (SF)
Tuesday, November 9, 2010 - 3:28pm | 222Shares of Stifel Financial Corporation (NYSE: SF) are trading up 8.4% at $53.74 per share during the Tuesday afternoon trading session. The day's trading range for shares of Stifel Financial Corporation has been between $50.72 and $53.93 per share. Analysts covering the company's stock give it a...
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Company News for November 9, 2010 - Corporate Summary
Tuesday, November 9, 2010 - 10:33am | 785• Chevron (NYSE: CVX) announced plans to buy Atlas Energy (NASDAQ: ATLS) for $4.3 billion, or $43.35 per share • Bank of America (NYSE: BAC) and PNC (NYSE: PNC) sold $8.3 billion of BlackRock (NYSE: BLK) shares in a secondary offering priced at $163 per share, a 3.6% discount to BlackRock's close...
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Stifel Financial Beats Estimates (SF)
Tuesday, November 9, 2010 - 9:48am | 193Stifel Financial Corporation (NYSE: SF) announced on Tuesday morning that it beat consensus Wall Street estimates. Stifel Financial Corporation reported a 3rd quarter adjusted earnings of 72 cents per share. The company's revenue rose to a record high of $340.4 million. According to a survey of...
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Charles Schwab Terminates $235 Million Lawsuit
Tuesday, November 9, 2010 - 8:49am | 180In a surprise announcement, Charles Schwab (NASDAQ: SCHW) terminated its $235 million settlement of class action lawsuits related to YieldPlus. Plaintiffs were claiming the right to sue on behalf of non-California class members, which SCHW contends were part of the settlement. Rather than risk the...