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Schwab Terminates Settlement of Class Actions
Monday, November 8, 2010 - 5:44pm | 210Charles Schwab Investment Management and Charles Schwab & Co., Inc. (NYSE: SCHW) today notified counsel for the plaintiffs in a consolidated class action lawsuit relating to the Schwab YieldPlus Fund that Schwab is invoking the termination provisions of the settlement agreements in those...
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BGC Partners to Present at the Deutsche Bank FinTech 2010
Monday, November 8, 2010 - 2:50pm | 43BGC Partners, Inc. (NASDAQ: BGCP) today announced that Howard W. Lutnick, Chairman and Chief Executive Officer, will be presenting to investors at the Deutsche Bank FinTech 2010: Senior Executive Forum on November 9, 2010 at 9:15 a.m. ET.
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Bank Of America Higher In Early Trading (BAC)
Monday, November 8, 2010 - 11:03am | 78Bank of America Corporation (NYSE: BAC) is higher this morning, despite weakness in the financial sector. At last check, shares were up 18 cents to $12.53, a gain of 1.4%. Other stocks like J.P. Morgan (NYSE: JPM), Citigroup (NYSE: C) and Morgan Stanley (NYSE: MS) were down marginally.
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Company News for November 8, 2010 - Corporate Summary
Monday, November 8, 2010 - 10:39am | 684• UBS (NYSE: UBS) upgraded Intel (NASDAQ: INTC) to “buy” from "neutral," taking the price target to $25 from $20 • Shares of Boeing (NYSE: BA) weakened after reports in the Aviation Week asserted the firm had alerted several early Dreamliner customers of delays of up to ten months. However, the...
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ITG Releases October 2010 US Trading Volumes; Increase of 0.2B Shares
Monday, November 8, 2010 - 9:14am | 54Investment Technology Group, Inc. (NYSE: ITG) today announced that October 2010 US trading volume was 3.5 billion shares and average daily volume (ADV) was 168 million shares. This compares to 3.3 billion shares and ADV of 158 million shares in September 2010 and 4.1 billion shares and ADV of 188...
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Goldman Sachs Positive This Year (GS)
Friday, November 5, 2010 - 5:16pm | 42Goldman Sachs (NYSE: GS) gained $4.68 yesterday, to finally go positive on the year. It has been mired in controversy and scandals all year, and these concerns weighed heavily on shares. Shares closed today at $171.07.
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Bank Stocks Running Higher (BAC, GS, WFC, XLF)
Friday, November 5, 2010 - 12:51pm | 157If you are looking for the strength in the market today, look to the financial sector. The strong outperformance in the sector today would appear to be a very healthy sign for the broader market. Financials have not participated to a significant degree in the recent rally in equities. If the sector...
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E*Trade Pops on Buyout Rumor; Calls Active (ETFC, SCHW)
Friday, November 5, 2010 - 10:27am | 199Shares of E*Trade Financial Corp. (NASDAQ: ETFC) are popping higher this morning, currently up by 4.75% and trading at $15.66. Within the first hour of trading, the stock has already traded 0.50x the 10-day daily average volume. There is a rumor circulating trading desks that The Charles Schwab...
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Unconfirmed Rumor that E*TRADE Financial Corporation (ETFC) will be acquired by Charles Schwab Corp. (SCHW) at $22.00 a share
Friday, November 5, 2010 - 9:42am | 33Unconfirmed Rumor that E*TRADE Financial Corporation (ETFC) will be acquired by Charles Schwab Corp. (SCHW) at $22.00 a share..
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Company News for November 4, 2010 - Corporate Summary
Thursday, November 4, 2010 - 1:54pm | 826• Qualcomm (NASDAQ: QCOM) posted better-than-expected third-quarter earnings of $0.68, up from estimates of $0.59, and revenues of $2.95 billion, that beat estimates of $2.85 billion • NRG Energy (NYSE: NRG) posted a third quarter earnings and revenue miss, with results of $0.87 below estimates for...
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Morgan Stanley Defends Apollo Group (MS, APOL)
Thursday, November 4, 2010 - 12:44pm | 151Morgan Stanley (NYSE: MS) is out with an intra-day note on Apollo Group (NASDAQ: APOL) noting that they believe given the level of past scrutiny, it is unlikely that the Department of Education will uncover any egregious violations at the for-profit educator. The analysts said, “With the continuous...
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Morgan Stanley May Slow To Acquire All Of Smith Barney
Thursday, November 4, 2010 - 12:45am | 134Morgan Stanley (NYSE: MS) has options in terms of how quickly it can increase its stake in Smith Barney, the brokerage firm that Morgan Stanley acquired 51% of from Citigroup (NYSE: C). Nomura Holdings analyst Glenn Schorr said in a note that Morgan Stanley agreement with Citigroup gives it options...
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Company News for November 3, 2010 - Corporate Summary
Wednesday, November 3, 2010 - 10:00am | 820• WellPoint (NYSE: WLP) reported estimate-topping third quarter earnings of $1.74 a share, up from Zacks estimates of $1.58, on revenues of $14.33 billion, above Zacks estimates of $14.22 billion • Aetna (NYSE: AET) topped projections with third quarter results of $0.84 a share, up from Zacks...
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The Daily Long and Short Setup
Wednesday, November 3, 2010 - 9:06am | 76Futures still remain in positive territory, as we still have a lot of reports due out later this morning, not to mention the FOMC Statement at 2:15pm ET. LONG: Greenhill & CO. (GHL) Read more...
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BGC Partners Sees 3Q Upside
Wednesday, November 3, 2010 - 8:12am | 192Goldman Sachs has published a research report on BGC Partners, Inc. (NASDAQ: BGCP) after the company reported higher revenues and an $0.02 upside to 3Q earnings results. In the report, Goldman Sachs writes "BGCP reported 3Q10 pro forma operating EPS of $0.17, ahead of our $0.15 estimate and...