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Retail Winners: Walgreen, Gymboree (WAG, GYMB, GS)
Tuesday, October 5, 2010 - 3:28pm | 181(TheStreet) -- Retail stocks are rallying on positive ISM data and Bank of Japan's move to cut its overnight call rate. The positive economic news is sending the S&P Retail Index up 1.6% to 461.52, along with the broader market. Retailers are set to report September same-store sales on Thursday...
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Equties Surge; Deutsche Bank, Harley & Juniper Leading (DB, HOG, JNPR)
Tuesday, October 5, 2010 - 11:51am | 194U.S. equities are surging this morning, following the strong banking, tech, and energy sectors. The S&P 500 is up more than 1.8% Tuesday, to $1,158. Shares of Deutsche Bank (NYSE: DB) are higher by more than 3.9%, to $56.42. Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Bank of America (NYSE...
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Goldman: QE2 Could Be More Than $1 Trillion
Tuesday, October 5, 2010 - 11:49am | 171In a tweet from Zerohedge, Goldman Sachs (NYSE: GS) believes the next round of quantitative easing could be north of $1 trillion. A CNBC poll done last week expected the next round of quantitative easing to be around $500 billion, and that number was echoed by New York Federal Reserve President...
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10 Dow Dividend Stocks for Weary Investors
Tuesday, October 5, 2010 - 8:05am | 459BOSTON (TheStreet) -- Investors are getting earnings-season jitters. Dow stocks still offer bargains and big quarterly dividends, even after last month's rally. To play it safe as companies release earnings in the next four weeks, here are the 10 cheapest Dow dividend stocks. They are ordered by...
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State Street's Ex-Staff Sued by SEC - Analyst Blog
Monday, October 4, 2010 - 1:06pm | 797On Thursday, two former executives of State Street Corp. (STT) were accused by the Securities and Exchange Commission (SEC) of misleading investors about a risky mortgage fund. The SEC stated that Mr. John Flannery (a former member of State Street's executive management group) and Mr. James...
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Charles Schwab Announces Twitter Channel Dedicated to Independent Investment Advisors
Monday, October 4, 2010 - 12:04pm | 95Charles Schwab (NYSE: SCHW) is launching @Schwab4RIAs, a new Twitter account dedicated to independent Registered Investment Advisors and those interested in learning more about RIAs or the RIA industry. Followers of @Schwab4RIAs will receive news and insights relevant to RIAs, including practice...
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Markets Sell As Dollar Lifts Higher
Monday, October 4, 2010 - 11:53am | 283The markets sold mid morning as the SPDR S&P 500 ETF (NYSE: SPY) fell into the key support of last Thursdays low at $113.60. It has been a slow bleed which may tell us after a bounce at this current support, the markets have more downside to go. If the markets dropped sharply on heavy volume,...
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International Assets Holding Corporation Acquires Futures Division of Hencorp (IAAC)
Monday, October 4, 2010 - 9:46am | 62International Assets Holding Corporation (Nasdaq: IAAC) today announced that it has acquired 100 percent of the ownership interests in Hencorp Becstone Futures, L.C.. Hencorp Futures specializes in the development and execution of risk-management programs designed to hedge price volatility in a...
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SS&C Acquires thinklink From TD Ameritrade (AMTD, SSNC)
Monday, October 4, 2010 - 8:56am | 74SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C has acquired the thinklink business from TD Ameritrade Holding Corporation (Nasdaq: AMTD). thinklink is an Internet-deployed trade order management system , execution system, liquidity engine and provides connectivity to...
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Evercore Partners Completes Acquisition Of Interest In G5 Advisors
Monday, October 4, 2010 - 8:38am | 65Evercore Partners Inc. (NYSE: EVR) announced today that it has completed the acquisition of a 50% interest in G5 advisors, a São Paulo-based independent investment banking boutique and investment management firm. The partners of G5 advisors continue to own 50% of the company. Evercore will have an...
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Netspend Announces Estimated Price Range For IPO
Monday, October 4, 2010 - 8:34am | 99Netspend Holdings Inc has set an estimated price range of $10 to $12 per share for its Initial Public Offering (IPO). Netspend has planned to offer 18.53 million shares in its IPO. The company will be able to raise $204 million through its IPO, based on the middle price of the estimated price...
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10 Small-Cap Stocks With No 'Sell' Ratings
Monday, October 4, 2010 - 8:17am | 384BOSTON (TheStreet) -- Here are 10 small-cap stocks that receive "buy" ratings from all analysts who cover them, a reassuring sign for individual investors. Some of the stocks are expected to more than triple in the next 12 months. Below, they are ordered by their projected return, from big to...
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Biogen Cut to Neutral - Analyst Blog
Sunday, October 3, 2010 - 7:30pm | 564We recently downgraded Biogen Idec, Inc. (BIIB) to Neutral from our previous Outperform recommendation. Biogen is one of the world's largest biotechnology companies. Its main areas of focus include neurology, oncology, hemophilia and immunology. Products such as Avonex (for multiple sclerosis),...
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Wall Street Layoffs Keep Coming
Friday, October 1, 2010 - 4:08pm | 188Meredith Whitney continues to be right, albeit at a slower pace than before. Wall St. continues to lay off people, as trading volumes are declining and firms can't handle the headcount with a lack of trading volumes. In the past two weeks, Bank of America (NYSE: BAC) announced it was laying off...
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Knight Capital Laying Off 8% Of Workforce
Friday, October 1, 2010 - 3:48pm | 56Charlie Gasparino tweeted that Knight Capital (NASDAQ: NITE) is going to lay off 8% of its workforce. Knight Capital is one of the largest trading firms on Wall St., and this comes as trading volumes continue to decline on Wall St.