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Monsanto Stock Sets To Soar; Barron’s (MON)
Friday, June 4, 2010 - 10:57am | 112Agribusiness giant Monsanto (NYSE: MON) has lost almost two-thirds of its value since its 2008 high. According to Barron’s, the stock is among the worst-performing equities in the Standard & Poor’s 500 this year. However, Robert Koort, an equity analyst with Goldman Sachs (NYSE: GS), told...
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Goldman Sachs Bottomed Out? (GS)
Friday, June 4, 2010 - 10:15am | 128Shares of Goldman Sachs Group (NYSE: GS) are lower on the session by 0.79%, currently trading $142.90. The stock has been grinding along around the $140 handle as of late. The stock looks like it wants to run higher, but runs into resistance around the $144-146 handles each time. Traders are...
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Late Market Roundup (DFT, AA, XOI, XNG, BBY, GS)
Thursday, June 3, 2010 - 2:35pm | 364The Dow Jones Industrial Average swung to the negative territory as its economically sensitive industrial and materials components lost ground. Although the Dow was nearly flat in the morning session, it was trading down 42.40, or 0.41%, at 10207.14 by 12:57 pm. DuPont (NYSE: DFT) and Alcoa (NYSE:...
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Puts Sold on MF Global (MF)
Thursday, June 3, 2010 - 1:44pm | 127Shares of MF Global (NYSE: MF) are higher on the session by 1.43%, currently trading $7.42. The stock has been selling off as of late, but looks like it has found support on the 200-day moving average. Puts are being sold out of today, as long put holders believe the slide has abated. The June $7....
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Company News for June 3, 2010 - Corporate Summary
Thursday, June 3, 2010 - 9:33am | 235• Two senior US Senators called for BP (NYSE:BP) to suspend dividend payments to shareholders before clean-up costs for the Gulf spill can be determined. Fitch downgraded its shares to AA from AA+ on growing clean-up risk exposure • Joy Global (NASDAQ:JOYG) reported much-better-than-expected first...
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Petrobras Names Six Banks To Manage $25B Offering
Thursday, June 3, 2010 - 4:31am | 198Petrobras (NYSE: PBR), Brazil's state-run oil giant, has named six banks to manage its proposed $25 billion share sale, a bullish sign that slumping global stock markets won't stop the company's efforts to raise cash for its exploration budget. Petrobras has hired Bank of America (NYSE: BAC),...
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Benzinga's After Hours Gainers (RIG, MON, HERO)
Wednesday, June 2, 2010 - 6:21pm | 427U.S. equity markets staged a dramatic rally today, as the Dow Jones Industrial Average gained 225 points to close at 10,249. Just when it looked like it was time to throw in the towel on this market and watch the Dow plummet again below 10,000, we were granted a reprieve - at least temporarily....
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GFI Group to Present at Sandler O'Neill Partners Global Exchange and Electronic Trading Conference (GFIG)
Wednesday, June 2, 2010 - 4:20pm | 251GFI Group Inc. (NASDAQ: GFIG) announced today that its Chairman and Chief Executive Officer, Michael Gooch, will present at this year's Sandler O'Neill + Partners Global Exchange and Electronic Trading Conference in New York, New York on Thursday, June 3, at 3:00 p.m. EDT. A live audio web cast of...
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Company News for June 2, 2010 - Corporate Summary
Wednesday, June 2, 2010 - 9:57am | 174• Joseph A. Bank (NASDAQ:JOSB) posted better-than-expected first quarter earnings of 85 cents a share, up from Zacks expectations of 71 cents, on estimate-topping revenues of $178.1 million, ahead of Zacks estimates of $175 million • Prudential (NYSE:PRU) dropped from its offer to acquire AIG's (...
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Benzinga's After Hours Decliners (LGF, MF, CSIQ)
Tuesday, June 1, 2010 - 6:51pm | 229It was another losing day on Wall Street, with the Dow Jones Industrial Average falling 112 points to 10,024. Among the stocks that have continued to fall in the after hours trading session are Lions Gate Entertainment (NYSE: LGF), MF Global Holdings (NYSE: MF), and Canadian Solar (NASDAQ: CSIQ)....
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MF Global Announces Public Equity Offering of Common Stock (MF)
Tuesday, June 1, 2010 - 4:46pm | 388MF Global Holdings Ltd. (NYSE: MF), a leading brokerage firm offering customized solutions in global cash, derivatives and related markets, today announced the commencement of an underwritten public offering for gross proceeds up to $150 million in shares of its common stock. The company expects to...
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Zipcar Files For An IPO (GS, JPM)
Tuesday, June 1, 2010 - 2:06pm | 131Car sharing and rental service provider Zipcar has filed an S-1 with the SEC for an IPO of common stock. Zipcar, which is known for its technology driven service, is reported to be targeting an IPO in the range of $75 million. The issue will be handled by Goldman Sachs (NYSE: GS) and J.P. Morgan (...
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News Summary
Tuesday, June 1, 2010 - 12:45pm | 361In China, striking workers who have paralyzed Honda Motor Company’s (NYSE: HMC) production lines have been offered a 24% pay hike and benefits by the company. However, production at Chinese plants will remain halted till at least June 3 as some holdouts are still not satisfied. The walkout at Honda...
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Company News for June 1, 2010 - Corporate Summary
Tuesday, June 1, 2010 - 9:48am | 260• Prudential’s (NYSE:PRU) downwardly revised $30.4 billion offer for AIG’s (NYSE:AIG) Asian life-insurance puts the deal in jeopardy as AIG refuses to accept it • BP (NYSE:BP) shares fell nosedived 14% this morning after the its "top kill" effort failed to stop the estimated 12,000-19,000 barrels...
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Stock Market News for May 28, 2010 - Market News
Friday, May 28, 2010 - 9:42am | 551After a number of whipsaw sessions, U.S. stocks advanced sharply on Thursday, led by a rally in energy, technology and financial shares, as China refuted reports that it was considering trimming down its investments in European government bonds. The Chinese assurance was seen as a vote of...