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Why BP Is Not Toyota
Wednesday, July 28, 2010 - 7:10am | 305NEW YORK (TheStreet) -- One thing has become especially clear watching the BP (NYSE: BP) saga over the last two-and-a-half months: BP isn't Toyota. The British oil giant is far removed from the consumer in its dirty business of exploring, accessing and selling oil, and its public perception has...
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Levels To Watch As The SPDR Gold ETF Tumbles (NYSE:GLD)
Tuesday, July 27, 2010 - 9:29pm | 232I’ve been commenting both on the open blog and to members of the Weekly Intermarket Report of the “heavy” chart appearance in gold, as evidenced by the negative divergences and ’rounded(...)Read the rest of Levels To Watch As The SPDR Gold ETF Tumbles (NYSE:GLD) Copyright 2010 ETFDAILYNEWS.COM The...
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Levels To Watch As The SPDR Gold ETF Tumbles (NYSE:GLD)
Tuesday, July 27, 2010 - 9:29pm | 232I’ve been commenting both on the open blog and to members of the Weekly Intermarket Report of the “heavy” chart appearance in gold, as evidenced by the negative divergences and ’rounded(...)Read the rest of Levels To Watch As The SPDR Gold ETF Tumbles (NYSE:GLD) Copyright 2010 ETFDAILYNEWS.COM The...
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Fox Business Reporting That Goldman Sachs Is A Step Ahead Of FinReg (GS)
Tuesday, July 27, 2010 - 2:12pm | 149According to a Fox Business report, Goldman Sachs (NYSE: GS) has figured out a way of getting around the Volcker Rule's restrictions on proprietary trading. The firm is turning its risk-taking traders into asset managers. According to the report, Goldman has moved about half of its equity prop...
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Goldman Sachs Moving Traders Around To Get Around Volcker Rule (GS)
Tuesday, July 27, 2010 - 1:56pm | 131Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) is moving half of its proprietary traders to asset management in order to get around the Volcker Rule. This was done to exploit a loophole in the Volker Rule. This rule was enacted to scale back on risk taking on Wall Street by ending...
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Goldman Sachs Moving Some of Its Prop Desk To Asset Management
Tuesday, July 27, 2010 - 1:50pm | 40Charlie Gasparino is reporting on Fox Business that Goldman Sachs (NYSE: GS) is moving 50% of it's “proprietary” stock-trading operations to asset management, getting around Volcker Rule. Goldman Sachs is trading up 12c.
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Goldman Sachs Initiates Higher One Holdings At Neutral (ONE)
Tuesday, July 27, 2010 - 11:02am | 138Analysts at Goldman Sachs (NYSE: GS) have initiated coverage of Higher One Holdings (NYSE: ONE) with a Neutral rating and a $15 price target (8% upside potential). The firm's price target implies a CY2011 P/E multiple of 23.9x and a CY2011 EV/EBITDA multiple of 12.5x. The analysts wrote that "We...
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Best in Class: Pepsi's Plan for Global Domination
Tuesday, July 27, 2010 - 9:07am | 401NEW YORK (TheStreet) -- Last August, PepsiCo (NYSE: PEP) announced what would become one of the most highly discussed deals in the business world: the $7.8 billion acquisition of its two largest bottlers -- Pepsi Bottling Group and PepsiAmericas. Completed in March, the deal has been hailed as one...
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Knight Capital Will Purchase Astor Asset Management For $20
Tuesday, July 27, 2010 - 2:17am | 87Knight Capital (Nasdaq: NITE), the electronic market maker, will acquire Astor Asset Management for $20 million in cash and stock. Astor is a privately held money manager that specializes in the use of ETFs. The 13-employee company has about $560 million in assets under management, including assets...
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EDT Business Hits Elan - Analyst Blog
Monday, July 26, 2010 - 12:34pm | 840Irish drugmaker Elan Corp. plc's (ELN) second quarter 2010 loss (excluding special items) of 2 cents per share was narrower than the year-ago adjusted loss of 13 cents per share. However, on a reported basis, Elan’s loss widened to 36 cents in the reported quarter from a loss of 14 cents per share...
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What's Hot On TheStreet
Monday, July 26, 2010 - 11:13am | 232Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Goldman Settlement Has One Loose End We have it from no better source than Mary Schapiro: The Securities and Exchange Commission is doing a whiz-bang job of rounding up wrongdoers in the financial crisis. In smug...
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Company News for July 26, 2010 - Corporate Summary
Monday, July 26, 2010 - 10:20am | 288• Sunday's WSJ reported that GlaxoSmithKline (NYSE: GSK) had made a "very casual approach" to Genzyme (NASDAQ: GENZ) • Reports say embattled BP (NYSE: BP) CEO Tony Hayward is on his way out, as the firm reports results tomorrow, with American executive Bob Dudley expected to replace Hayward • ...
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Goldman Threatened With Audit
Monday, July 26, 2010 - 7:35am | 334Goldman Sachs (NYSE: GS) is facing a threat by the Financial Crisis Inquiry Commission to bring in outside accountants to comb through the bank's systems for data on its derivatives business, the panel's chairman has said. The commission will not back down from demands for information Goldman's...
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Goldman Sachs Still "Under the Microscope"
Monday, July 26, 2010 - 4:25am | 75While regulators seems to overlook some of their cousins like JP MorganChase (NYSE:JPM), Goldman Sachs seems to be the favorite target and distraction of those assigned to act like watchdogs and oversight sleuths.Today's annoucement that the Financial Crisis Inquiry Commission, a U.S. panel...
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Major Market Movers To Watch July 26th – 30th: Stocks, Commodities, Forex
Saturday, July 24, 2010 - 10:46pm | 2245Introduction Prior Week Bullish Market Movers US Earnings Week II EU Data UK Data Other Bearish Market Movers EU Non-Events –EU Bank Stress Tests Coming Week Bearish Bullish Conclusion-Downside Risk Greater, EU Banks Stress Tests Likely To Decide Near Term Market Direction Introduction...