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Barron's Bullish On TD Ameritrade
Saturday, September 18, 2010 - 10:18pm | 211Barron's has kind words for discount broker TD Ameritrade (Nasdaq: AMTD), which is 45% owned by Canadian banking giant Toronto Dominion (NYSE: TD). Nebraska-based TD Ameritrade saw its clients place an average of 413,000 orders per day during its fiscal first quarter that ended in June, Barron's...
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Zings Of The Day (ARNA, GS, ORCL, RIMM)
Friday, September 17, 2010 - 4:04pm | 282Arena Pharmaceuticals (NASDAQ: ARNA) failed to convince the FDA that its obesity drug was safe. One of the major concerns was the dead mice in the trials. The company didn't disclose this because it didn't feel it was material. Who let company management in? Jojo the idiot circus boy? Research...
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Company News for September 17, 2010 - Corporate Summary
Friday, September 17, 2010 - 10:15am | 732• Johnson & Johnson (NYSE: JNJ) is reportedly planning to buy its remaining stake in Dutch biopharmaceutical firm Crucell (NASDAQ: CRXL), in a deal valued at $2.29 billion • Goldman Sachs (NYSE: GS) upgraded CenturyLink (NYSE: CTL) to "buy" from "neutral" • Goldman Sachs (NYSE: GS) upgraded...
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Zacks' Voice of the People highlights opportunities with PowerShares DB US Dollar Index Bullish (UUP) and SPDR S&P 500 ETF (SPY)
Thursday, September 16, 2010 - 8:22pm | 260The markets are holding around the flat line, struggling after the Dollar moved higher today. The big catalyst today was a move by Japan to intervene in the currency markets after the Yen hit 15(...)Read the rest of Zacks' Voice of the People highlights opportunities with PowerShares DB US Dollar...
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Incyte, FDA Agree on Study Design - Analyst Blog
Thursday, September 16, 2010 - 6:03pm | 577Recently, Incyte Corporation (INCY) entered into an agreement with the US Food and Drug Administration (FDA) regarding a Special Protocol Assessment (SPA) for the design of a late-stage study (n~300) with its lead candidate INCB18424. The study will evaluate the candidate in patients suffering from...
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EU Tightens Short-Sale Norms - Analyst Blog
Thursday, September 16, 2010 - 4:09pm | 2717In an effort to restrain the excessive risk-taking attitude of traders while dealing with the complicated financial products such as derivatives, the European Union (EU) has proposed a number of initiatives for regulation on short-selling and credit default swaps. According to the proposal,...
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Company News for September 16, 2010 - Corporate Summary
Thursday, September 16, 2010 - 10:15am | 461• FedEx (NYSE: FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 • Microsoft (NASDAQ: MSFT) launched its new...
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Iron Mountain Appoints Paul F. Deninger to its Board of Directors
Thursday, September 16, 2010 - 8:34am | 131Iron Mountain Incorporated (NYSE: IRM) today announced that Paul F. Deninger, a vice chairman of Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc., (NYSE: JEF), has joined the board of the information management services company, becoming its 12th director....
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A Peek Into The Market Before The Trading Starts
Thursday, September 16, 2010 - 8:31am | 481Pre-open movers US stock futures moved down today, as investors awaited several reports that could give some more hints about the position of American businesses. Futures on the Dow Jones Industrial Average fell 26 points to 10,483 and S&P 500 futures declined 4.90 points to 1,116. Nasdaq 100...
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Goldman Sued by Women Claiming Gender Bias
Thursday, September 16, 2010 - 7:52am | 130NEW YORK – Goldman Sachs Group Inc (NYSE: GS) was hit with a gender bias lawsuit by three women who said Wall Street's most profitable bank maintains an "outdated corporate culture" that systematically deprives women of pay and promotions available to men. The plaintiffs are seeking class-action...
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Morgan Stanley Declares Quarterly Dividends (MS)
Wednesday, September 15, 2010 - 4:30pm | 93Morgan Stanley (NYSE: MS) today declared a regular quarterly dividend on the outstanding shares of each of the following preferred stock issues: --Floating Rate Non-Cumulative Preferred Stock, Series A – $255.56 per share (equivalent to $0.25556 per Depositary Share) --10 percent Non-Cumulative...
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Goldman Sachs Reiterates Buy Rating On MasterCard (MA)
Wednesday, September 15, 2010 - 3:28pm | 122In a research report released today, Goldman Sachs (NYSE: GS) has reiterated its Buy rating on shares of MasterCard (NYSE: MA). After the close of trading yesterday, MasterCard announced that it has received Board authorization for a $1 billion share buyback effective immediately. The Goldman...
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News Summary (CYPB, ETFC, SCHW, DAL, ALK, LCC, CAL, GOL)
Wednesday, September 15, 2010 - 1:03pm | 250Shares of Cypress Bioscience (NASDAQ: CYPB) jumped after Ramius Value and Opportunity Advisors lifted its offer to purchase the company to $4.25 per share, from its July 16 bid of $4 per share. Cypress had rejected the previous offer. Shares of CYPB surged about 10% following the news. Financial...
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News Summary (CYPB, ETFC, SCHW, DAL, ALK, LCC, CAL, GOL)
Wednesday, September 15, 2010 - 1:02pm | 250Shares of Cypress Bioscience (NASDAQ: CYPB) jumped after Ramius Value and Opportunity Advisors lifted its offer to purchase the company to $4.25 per share, from its July 16 bid of $4 per share. Cypress had rejected the previous offer. Shares of CYPB surged about 10% following the news. Financial...
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Goldman Sachs Downgrades Micron Technology
Wednesday, September 15, 2010 - 12:14pm | 228I was scanning through stocks that made substantial pre-market moves to bring to your attention and I found just that in Micron Technology (Nasdaq: MU). The tech firm was more than 3% lower before the bell thanks to a downgrade from Goldman Sachs (NYSE: GS). The brokerage cut MU to neutral from buy...