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Goldman Funds Get Endesa Assets - Analyst Blog
Tuesday, September 28, 2010 - 7:48pm | 339Two infrastructure funds managed by Goldman Sachs Group Inc. (GS) have agreed to buy 80% of the Madrid-based Endesa's natural gas distribution assets for €800 million ($1.1 billion). The assets include a distribution network covering a stretch of 3,800 kilometers, a transport network of 600...
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Afternoon Market Update (ETFC, MTB, VLO)
Tuesday, September 28, 2010 - 11:11am | 179Shares of E-Trade Financial Corp (NASDAQ: ETFC) dropped about 2%, as most of the financial stocks traded down. Shares of M&T Bank Corp (NYSE: MTB) were also down about 2.61%. The Financial Select Sector SPDR exchange-traded fund (XLF) fell about 0.71%, while the Standard & Poor's 500 stock...
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MF Global Rating Remains A Hold
Tuesday, September 28, 2010 - 10:44am | 112MF Global Holdings Ltd. (NYSE: MF) Rating remains a Hold. Deutsche Bank in a research report today writes "We recently met with MF Global's CEO Jon Corzine and CFO Randy MacDonald, and while the current environment remains challenging (weak volumes and low interest rates), management continues to...
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Big 4 Challenge Google's Position as the World's Most Attractive Employer
Tuesday, September 28, 2010 - 8:22am | 131Universum releases the global talent attraction index: "The World's Most Attractive Employers 2010", based on close to 130,000 career seekers, with a business or engineering background. Following the unprecedented world release in 2009, Google (NASDAQ: GOOG) still manages to keep the no. one...
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UPDATE: Morgan Stanley Implements Hiring Freeze (MS)
Monday, September 27, 2010 - 2:01pm | 161FOX Business Network's Charlie Gasparino is reporting today that Morgan Stanley (NYSE: MS) stopped hiring back in August, “when it became clear that profits for the third quarter were likely to be substantially lower than previously estimated.” Morgan currently does not have intentions to cut its...
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Hiring Freeze To Be Implemented at Morgan Stanley (MS)
Monday, September 27, 2010 - 1:39pm | 106FOX Business Network's Charlie Gasparino is currently reporting that Morgan Stanley (NYSE: MS) is considering cutting all bonuses and initiating a hiring freeze for an undetermined period of time. Morgan Stanley had no comment as of the time of this writing. Morgan Stanley is a financial holding...
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Morgan Stanley Upgrades DryShips (DRYS)
Monday, September 27, 2010 - 11:20am | 111Morgan Stanley is introducing a $5.50 price target on DryShips (NASDAQ: DRYS). A firmer tone in the ultra-deepwater drilling market recently may allow DRYS to scale down its risky and under-capitalized rig expansion. Morgan Stanley has increased its value estimate for DRYS's newbuild drillships...
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10 Hated Stocks Loved by Value-Guru Berkowitz
Monday, September 27, 2010 - 8:53am | 484BOSTON (TheStreet) -- Bruce Berkowitz, Morningstar's U.S. stock manager of 2009, has half of his mutual fund's assets in what he calls "hated financial-services and real-estate-related companies." A value-stock disciple, Berkowitz is greedy when others are fearful. The investor runs Fairholme...
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Schwab To Roll Out REIT ETF
Monday, September 27, 2010 - 2:44am | 168Charles Schwab (NYSE: SCHW), the discount broker turned ETF issuer, is looking to expand its ETF lineup with the introduction of the Schwab U.S. REIT ETF, which Schwab announced plans for last week. The Schwab REIT ETF will track the Dow Jones U.S. Select REIT index and compete with funds such as...
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SP500 Internals, Dollar & Gold Pre-Week Analysis
Sunday, September 26, 2010 - 5:55pm | 1205After a fierce equities rally on Friday, which I figured would happen, just not that strong; I have to wonder if there is some event or major decision in the works we don't know about? Friday's rally could be something simpler like window dressing by the funds. This is when the funds buy up all the...
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How to Turn $20k into $650k in Just a Couple Years
Friday, September 24, 2010 - 3:40pm | 375Would you be interested in turning $20,000 into $650,000 in just a couple years, by just trading stocks? Think it's impossible? Can you guess who did? This top trader is Shia LaBeouf, star of the upcoming movie, Wall Street: Money Never Sleeps. In a recent interview, he said that when he found out...
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Benzinga's Political Round Up
Friday, September 24, 2010 - 12:01pm | 158Japan released a Chinese boat captain in order to diffuse the dispute between the two nations. China has recently threatened to withhold rare earth metals, which sent shares of Molycorp, Inc. (NYSE: MCP) higher. Former Fed Chairman Paul Volcker ripped into everything finance related yesterday,...
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E*Trade Looks To Pop (ETFC)
Friday, September 24, 2010 - 10:35am | 219Shares of E*TRADE Financial Corporation (NASDAQ: ETFC) are higher on the session by 4.40%, currently trading at $15.19. The stock has been moving in a bottoming pattern over the past six months, forming a rough double-bottom along the way. There has also been chatter this morning that ETFC's CEO...
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Unconfirmed Rumor that (ETFC) CFO Nolop meeting with bankers today, we're told Charles Schwab Corp. (SCHW) is expressing strong interest in buying E*TRADE Financial Corporation (ETFC)...Rumor initial offer is $24/share..
Friday, September 24, 2010 - 9:43am | 53Unconfirmed Rumor that (ETFC) CFO Nolop meeting with bankers today, we're told Charles Schwab Corp. (SCHW) is expressing strong interest in buying E*TRADE Financial Corporation (ETFC)...Rumor initial offer is $24/share..
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Danaher Drops Plans to Sell Aerospace Unit (DHR)
Thursday, September 23, 2010 - 3:44pm | 49According to Reuters, Danaher (NYSE: DHR) drops plans to sell aerospace unit for more than $1B. The company had hired Goldman Sachs (NYSE: GS) earlier this year. Danaher is currently down 1.33% trading at $40.09.