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William Blair Increasing Estimates On Evercore (EVR)
Wednesday, August 4, 2010 - 11:36am | 101William Blair & Co rates Evercore Partners Inc. (NYSE: EVR) at Outperform after the company reported earnings. In the report the William Blair analyst notes, "We are increasing our third-quarter EPS estimate to $0.27 from $0.22, but lowering our fourth-quarter EPS estimate to $0.26 from $0.28...
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Company News for August 4, 2010 - Corporate Summary
Wednesday, August 4, 2010 - 10:01am | 397• Priceline (NASDAQ:PCLN) reported sharply better-than-expected sales and earnings for the second quarter. Earnings of $3.09 were sharply above Zacks expectations of $2.47, as revenues of $767.4 million beat estimates of $734 million. Goldman Sachs (NYSE:GS) kept its "buy" rating on the shares,...
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Two-Headed Monster, or One-Man Show?
Wednesday, August 4, 2010 - 7:10am | 459Boards of directors around the U.S. should be prepared to weigh in on a heated debate over whether or not their companies should continue in the American tradition of consolidating the CEO and chairman duties into one person, or shift to the more European-style separation of powers. There are pros...
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Report: Goldman Sachs Considers Private Equity Spinoff (GS)
Tuesday, August 3, 2010 - 3:46pm | 131Goldman Sachs Group Inc. (NYSE: GS) executives are weighing spinning off at least a part of the bank's private equity business following financial reform legislation, Fox Business reported on Tuesday. According to a Reuters report, "The discussions were prompted by concerns about the Volcker rule,...
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Bruce Berkowitz Adds Morgan Stanley To Fairholme Capital (MS)
Tuesday, August 3, 2010 - 3:34pm | 173Bruce Berkowitz has added a position in Morgan Stanley (NYSE: MS) to his Fairholme Capital fund according to Market Folly. The rest of the portfolio is broken down like this: 1. Sears Holdings (SHLD): 7.7% of the portfolio 2. AIG (AIG): 6.8% 3. Citigroup (C): 5.4% 4. Goldman Sachs (GS): 5.4% 5....
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Market Roundup (RIMM, VZ, T, GOOG, GS, JPM, MS)
Tuesday, August 3, 2010 - 2:40pm | 326Research In Motion (NASDAQ: RIMM) has unveiled its new Torch smartphone based on the BlackBerry 6 OS. Torch, which goes on sale on August 12, has a touchscreen and a sliding keyboard. The device will be offered exclusively by AT&T (NYSE: T). Goldman Sachs (NYSE: GS) is thinking of partially or...
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Mitsubishi UFJ Buys BNP Stake - Analyst Blog
Tuesday, August 3, 2010 - 1:16pm | 318Mitsubishi UFJ Financial Group (MTU) is planning to buy BNP Paribas' (BNPQY) stake in a Chinese fund venture, according to a Reuters report. The company intends to acquire this stake for $50 million. Both Mitsubishi UFJ and BNP Paribas are planning to tender proposals to China’s securities...
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Goldman May Spin Off Private Equity Business (GS)
Tuesday, August 3, 2010 - 12:19pm | 111Fox Business Network’s Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) may be spinning off its private equity business to comply with the recently passed financial reform bill. According to sources, the internal discussions are more than just theoretical, as senior executives at the...
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Small-Cap Tech Stocks With Blowout Earnings
Tuesday, August 3, 2010 - 8:55am | 363BOSTON (TheStreet) -- Technology companies have produced blowout earnings, with companies such as Apple (Nasdaq: AAPL) and Intel (Nasdaq: INTC) hogging the headlines. Here are five small-cap tech firms thriving in the recovery of business spending. They are ordered by net-income growth, from fast...
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Morgan Stanley to Spin Off Hedge Fund Unit (MS)
Monday, August 2, 2010 - 5:42pm | 127Morgan Stanley (NYSE: MS) plans to spin off FrontPoint Partners, the Greenwich, Connecticut hedge fund it bought in 2006, according to people familiar with the situation. Morgan Stanley has been weighing the future of its stakes in several funds following the passage of the financial reform bill,...
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Emulex to Grow its Host Business (ELX, GS)
Monday, August 2, 2010 - 4:25pm | 123Goldman Sachs (NYSE: GS) has given a “Neutral” rating to Emulex (NYSE: ELX). The company is expected to announce its June quarter results largely in line with consensus estimates. Its embedded business is likely to stabilize, however, it will maintain its downward trajectory on a quarter over...
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Garmin Rated Sell (GRMN, GS)
Monday, August 2, 2010 - 4:21pm | 125Garmin (NASDAQ: GRMN) is expected to announce robust June quarter performance due to a better product mix. In its report on the company, Goldman Sachs (NYSE: GS) has stated that the company is likely to beat the consensus revenue estimate of $657 million. It is also likely to surpass EPS estimates...
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Arch Coal Retains Neutral Rating (ACI, GS)
Monday, August 2, 2010 - 3:58pm | 128Arch Coal Inc. (NYSE: ACI) has reported its 2Q10 adjusted EPS/EBITDA at $0.27/$163 million. The company has also raised the lower end of its EBITDA guidance by $18 million, leaving the upper end unchanged. In a research report, Goldman Sachs (NYSE: GS) has maintained its neutral rating for the...
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How to Get a 4.9% Yield from Goldman Sachs or 6.7% from JP Morgan Chase
Monday, August 2, 2010 - 1:07pm | 464Let say that you are an income investor. You own plenty of utilities and plenty of high income stocks, but you want more diversification. And maybe you also want some inflation protection. Where do you turn? How about Adjustable Rate Preferred Stocks, which hold a senior position to common shares...
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Keefe Bruyette & Woods Has $21 Target On Ameritrade (AMTD)
Monday, August 2, 2010 - 12:56pm | 84Keefe Bruyette & Woods is out with research today on shares of Ameritrade (NASDAQ: AMTD). It has a price target of $21 on shares of the online broker. In the report, Keefe Bruyette & Woods writes, "Among the risks to our price target, a general decline in retail investing reverting to...