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Ahead of Wall Street - Ahead of Wall Street
Friday, September 3, 2010 - 5:03pm | 230Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to terms with the...
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Ahead of Wall Street - Ahead of Wall Street
Friday, September 3, 2010 - 5:03pm | 230Easing worries about Goldman and strong profit numbers from Citigroup helped lift financial shares and the broader market even as speculation about possible changes to financial-industry regulations hovered over Wall Street. Stocks seesawed through afternoon as traders came to terms with the...
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Benzinga's Top ETF Gainers (DBV, FAS, TYH, TNA)
Friday, September 3, 2010 - 4:42pm | 205Powershares DB G10 Currency Harvest Fund (NYSE: DBV) closed higher today. It gained 6.63% in the regular trading session, but it dropped 3.78% in the after hours. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) continued its uptrend with the fourth consecutive trading session in the...
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Hedge Funds Have Been A Scam For The Past Twenty Years
Friday, September 3, 2010 - 12:03pm | 542Mostly now-illegal or dubious activities are how hedge funds have made almost all of their money in the past 20 years. In the mid to late 90s - investing in tech stocks is the only strategy that worked. So-called "sophisticated" funds like LTCM or Victor Niederhoffer's fund worked for awhile but...
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Afternoon Market Update (GS, WFC, AAPL, CSCO, INTC, GOOG, TTWO)
Friday, September 3, 2010 - 11:42am | 256The US financial sector gained momentum after the upbeat August nonfarm payrolls data. Shares of Goldman Sachs Group Inc (NYSE: GS) rose about 3.45%, while Wells Fargo & Co (NYSE: WFC) moved up about 2.47%. The Financial Select Sector SPDR Fund (XLF) gained about 1.09%. Gold futures dipped...
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Burger King Soars on Buyout Talk - Analyst Blog
Friday, September 3, 2010 - 9:06am | 602Burger King Holdings Inc. (BKC) shares jumped 16.7% to $19.19 on Wednesday pre-market trading, on the news that the company is in talks with potential buyers. The two interested parties can be a British private-equity firm 3i Group Plc, and a private investment firm 3G Capital Management. One...
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Burger King to be Bought by 3G - Analyst Blog
Friday, September 3, 2010 - 8:36am | 887Burger King Holdings Inc. (BKC), the world’s second-largest hamburger chain after McDonald's Corp. (MCD), announced that it is being acquired by a private investment firm 3G Capital for $24 per share, or $4.0 billion, including the debt of the company. The offer price is at a 46% premium to the...
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Keefe, Bruyette & Woods Reiterates Outperform on Jefferies Group (JEF)
Thursday, September 2, 2010 - 9:16am | 152Keefe, Bruyette & Woods is out with a research report this morning, where it reiterates its Outperform rating on Jefferies Group (NYSE: JEF); it has a $29.50 price target on the stock. The KBW analysts said that they are maintaining estimates for the company’s fiscal Q3, which ended August...
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Ladenburg Thalmann Acquires of Premier Trust
Thursday, September 2, 2010 - 8:04am | 29Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) announced today that it has completed its previously announced acquisition of Premier Trust Inc..
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TradeStation Group's Monthly Business Metrics (TRAD)
Thursday, September 2, 2010 - 7:59am | 90TradeStation Group, Inc. (Nasdaq: TRAD) today reported the following business metrics for the month ended August 31, 2010: 73,847 Daily Average Revenue Trades Total client assets of $2.2 billion (as of August 31, 2010) Average equities client credit balances of $919 million Average equities...
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Deutsche Bank Out With Potential Additions To S&P 500 (WLT, ASH, BWA, JEF, CXO)
Wednesday, September 1, 2010 - 3:46pm | 429Deutsche Bank is out with its report on company's it speculates could be added to the S&P 500 index. It posts a list of 25 companies, and the newest additions are Walter Energy (NYSE: WLT), Ashland (NYSE: ASH), which both made it to the top 10 of the list. BorgWarner (NYSE: BWA), Jefferies...
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Company News for September 1, 2010 - Corporate Summary
Wednesday, September 1, 2010 - 1:03pm | 726• Joy Global (NASDAQ: JOYG) reported fiscal third quarter earnings ten cents higher than estimated at $1.13, on a 11.1% revenue decline to $850 million, off projections of $877 million • PerkinElmer (NYSE: PKI) agreed to sell its illumination and detection solutions business to a private equity...
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CIC to Expand Morgan Stanley Stake - Analyst Blog
Wednesday, September 1, 2010 - 11:36am | 608On Tuesday, the Federal Reserve Board approved Chinese Investment Corporation’s (“CIC”) bid to buy up to 10% voting stake in Morgan Stanley (MS) as part of an agreement signed in 2007. The Fed allowed the stake purchase after CIC stated that it will not seek controlling interest and will not...
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Second Consecutive Quarterly Losses For SWS Group
Wednesday, September 1, 2010 - 8:17am | 97SWS Group, Inc. (NYSE: SWS) has reported its second consecutive quarter of losses, coming in below estimates both from Keefe, Bruyette & Woods and consensus. Higher loan loss provision, partially offset by stronger revenues that were 6% above forecast were the driver in the decline, according...
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Can Tech IPOs Inspire New Market Debuts?
Wednesday, September 1, 2010 - 7:08am | 372After two years of a very slow public offering market, the appetite for new issuances has finally picked up with a couple of new deals on the horizon. How tech darlings Skype and Demand Media fare in their IPOs will go a long way in telling the investment community whether now is a good time for...