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BioScrip Misses but Maintains - Analyst Blog
Tuesday, May 11, 2010 - 3:52am | 718BioScrip Inc. (BIOS) reported a first-quarter loss of 18 cents per share, including the impact of expenses of $7.3 million associated with the recent acquisition of Critical Homecare Solutions Inc. (“CHS") and $1.5 million of additional bad debt expense associated with the Competitive Acquisition...
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Goldman To Fund Starwood For Extended Stay Bid (GS, C, BX)
Monday, May 10, 2010 - 6:08pm | 165Goldman Sachs (NYSE: GS) is close to finalizing a financing deal with Starwood Capital Group. Under the deal, Goldman (GS) would assist Starwood in bidding for hotel chain Extended Stay Inc. The deal is expected to be worth $2.2 billion. Goldman is collaborating with Citibank on the transaction....
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Fortress Investment Group Having A Huge Day (FIG)
Monday, May 10, 2010 - 1:49pm | 131Shares of Fortress Investment Group (NYSE: FIG) have jumped 11.09% in today's trading session. The shares are currently trading hands for $4.82 on the New York Stock Exchange. A total of 2.29 million shares have been traded compared to a daily average of 2.93 million. The asset management company...
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Goldman Sachs (GS) May Settle Case With SEC By Accepting Lesser Charges
Monday, May 10, 2010 - 10:19am | 160The US regulators’ $1 billion fraud prosecution against Goldman Sachs (NYSE: GS) has pushed it to a corner and there are indications that it might settle the case by accepting lesser charges viz. an admission of negligence. If this happens then although an admission of negligence is far less than...
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Stock Market News for May 10, 2010 - Market News
Monday, May 10, 2010 - 10:06am | 421US stock futures were sharply up earlier today, and major European bourses surged, after European leaders agreed to a nearly $ 1 trillion rescue plan to avoid a major debt crisis and the Fed said it would provide loans overseas. Stocks tumbled in the US amid heavy volume on Friday, capping their...
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The SPDR Gold ETF (NYSE:GLD): Optimizing Your Gold Investment Vehicle
Sunday, May 9, 2010 - 11:10pm | 242There are many different investment vehicles one can use to invest in gold. The key aspects that we as investors and traders look for, are the vehicles relationship and correlation with gold prices, and(...)Read the rest of The SPDR Gold ETF (NYSE:GLD): Optimizing Your Gold Investment Vehicle...
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Market Roundup (NOK, AAPL, GS, BAC, AIG, C)
Friday, May 7, 2010 - 3:58pm | 390Apple (NASDAQ: AAPL) announced that its retail stores in 13 US cities have sold out all the three versions of the iPad 3G. This version of iPad has been put up for sale in the US merely a week ago and will be available for sale in nine more countries from May 28. “Demand continues to exceed supply...
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Dow Jones Two-Day Plunge Continues (DJI, VIX, GS)
Friday, May 7, 2010 - 3:40pm | 98Markets continue their freefall today. As of this writing the Dow Jones Industrial Average is down 200 points, or 1.93%, to 10,319. This puts the two-day loss for the Dow at 547 points. Volatility has returned to the market with full force. The CBOE Market Volatility Index is up 8.08, 24.63%, to 40...
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News Summary (GIB, SXE, AAPL, RIMM, NOK, GS)
Friday, May 7, 2010 - 1:55pm | 357About 15 minutes into the trading session and the markets have turned positive. While the Dow has moved up 0.51% to 10573, the S&P has added 0.56% to 1134. Meanwhile, the Nasdaq has advanced 0.38% to 2328. Most analysts believe that the dip in the markets has offered a buying opportunity....
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Put Volume Grows in Knight Capital
Friday, May 7, 2010 - 12:56pm | 104Shares of Knight Capital Group (NASDAQ: NITE) are trading slightly higher on the session to $14.72. The market access and trade execution service company has been trending sideways for the better part of six months now; currently they are still below the 50-day and 200-day moving averages, which...
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U.S. Banks Exposed To Greek Debt Crisis (JPM, MS, C)
Friday, May 7, 2010 - 11:26am | 126Rochdale Securities issued a report stating that major U.S. banks have extensive exposure to European debt. Dick Bove, a banking analyst with Rochdale Securities told CNBC, “The five biggest banks in the United States have a substantial risk to what's going on in Europe. We've argued for a couple...
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Goldman Increases Price Target for BGC Partners
Friday, May 7, 2010 - 9:55am | 87Goldman Sachs has “Neutral” rating on shares of BGC Partners (NASDAQ: BGCP), but is upping their price target on the name to $6 from $5.50 on better than expected earnings for the company. Lower than anticipated operating expenses contributed a penny to the upside surprise, in addition to a lower...
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Company News for May 7, 2010 - Corporate Summary
Friday, May 7, 2010 - 9:45am | 187• AIG (NYSE:AIG) reported adjusted earnings of $1.21, well above Zacks estimates for 48 cents, on revenues of $16.33 billion, which missed projections of $22.38 billion • Consolidated Edison (NYSE:ED) posted better-than-expected first quarter results of 93 cents versus Zacks expectations of 81 cent...
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Stock Market News for May 7, 2010 - Market News
Friday, May 7, 2010 - 9:45am | 482It was a bad day on the Wall Street Thursday. An apparent trading error exacerbated selloff in U.S. stocks, sending the Dow Jones industrial average to its biggest one day drop ever and leaving traders stone-faced. Although the blue-chip average managed to reclaim about two-thirds of the losses,...
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Charles Schwab Looks To Double ETF Roster
Friday, May 7, 2010 - 5:43am | 110Charles Schwab (NYSE: SCHW), the discount broker that started the commission-free ETF battle last year, said it hopes to double its ETF lineup within the next year to year and a half. California-based Charles Schwab introduced eight ETFs late last year and those funds have already accumulated a...