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UBS Deals With Excess Office Space Problem (UBS, SF)
Thursday, May 6, 2010 - 6:47pm | 157UBS AG’s (NYSE: UBS) Wealth Americas brokerage said that its ranks of American financial advisers fell another 3% during the quarter, to 6,867. According to Reuters, UBS (UBS) lost 1,900 brokers in the last year. This reduction in numbers has created a unique problem for the brokerage firm - the...
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Market Update: RODM, HIL, PPC All Washed Out!!
Thursday, May 6, 2010 - 4:12pm | 189Rodman & Renshaw Capital Group (NASDAQ: RODM) has crashed 24.60% to $3.28 after the company’s quarterly profits missed the Street view as the result of higher-than-expected expenses. Hill International (NYSE: HIL) reported disappointing Q1 results, as its revenues came in at just 0.5% and...
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Market Roundup (GENZ, GS, C, TOSBF.PK, CAR, DTG, HTZ, HTRN, ENDP)
Thursday, May 6, 2010 - 2:18pm | 257Shares of Genzyme (NASDAQ: GENZ) gained marginally by 1% following the news of its $2 billion share buyback, out of which $1 billion will be financed by debt. Goldman (NYSE: GS) is now paying more for cash on the open market than bailed-out Citigroup (NYSE: C). Dick Bove says, “No one’s attacking...
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KBW Announces Change to KBW Regional Banking Index (KRX)
Thursday, May 6, 2010 - 10:31am | 184Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), announces upcoming(...)Read the rest of KBW Announces Change to KBW Regional Banking Index (KRX) Copyright 2010 ETFDAILYNEWS....
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Gasparino Says Goldman Settlement Likely To Be Between $1-$5 Billion (GS)
Thursday, May 6, 2010 - 10:30am | 113Fox Business News' Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) will likely settle the civil fraud case brought against the firm by the SEC for between $1 billion and $5 billion. Goldman (GS) has been accused of misleading clients with regard to a synthetic CDO that the firm...
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"The Generals" (Leadership Stocks) Flashing Trouble
Thursday, May 6, 2010 - 10:13am | 1157I always like to keep an eye on the leadership stocks i.e. "momo" favorites of the institutional fast money. Let us exclude Apple (AAPL) which at this point exists in it's own sphere of world domination - and Goldman Sachs (GS) which is in a whole 'nother sphere - many of the other 'go to' names...
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Company News for May 6, 2010 - Corporate Summary
Thursday, May 6, 2010 - 9:45am | 193• Intel (NASDAQ:INTC) announced a new version if its Atom chip. Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) launched their first software collaboration • Goldman Sach's (NYSE:GS) credit rating outlook was cut to "negative" from "stable" by Fitch ratings yesterday on legal actions and regulatory...
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Goldman Is Buying, Are You? (GS)
Wednesday, May 5, 2010 - 4:20pm | 131As equity markets around the globe continue to selloff, one firm is buying: Goldman Sachs (NYSE: GS). Dominic Wilson, Director of Global Macro & Markets Research for Goldman Sachs, made positive comments about the markets today. He said, "We may be a bit early, and we are conscious that...
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Calls Purchased in Lazard
Wednesday, May 5, 2010 - 12:57pm | 131Lazard Limited (NYSE: LAZ), a boutique investment firm, is finding some call buyers today as the stock trades lower. Lazard is currently trading $38.00, down 0.94% on the session. The call activity is coming in the front month, where 1,000 of the $40 strikes have been purchased on the offer for $0....
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Implied Volatility Falling in Goldman Sachs
Wednesday, May 5, 2010 - 11:56am | 163Shares of Goldman Sachs (NYSE: GS) have begun to base and move sideways over the past few days after the wild swings they were experiencing last week. Options traders are taking advantage of that movement to sell volatility in the name. Front month vol, which was near 70% last week, has come all...
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Company News for May 5, 2010 - Corporate Summary
Wednesday, May 5, 2010 - 9:30am | 164• Goldman Sachs (NYSE:GS) removed Merck (NYSE:MRK) from its Conviction Buy List, cutting its rating to "neutral," and lowering the price target from $46 to $42 • Time Warner (NYSE:TWX) reported better-than-expected first quarter earnings of 61 cents a share, ahead of Zacks estimates of 48 cents on...
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Calling Buffett’s Bluff On Goldman Sachs (GS, BRKA)
Wednesday, May 5, 2010 - 7:30am | 126Warren Buffett has come out in the favor of the embattling bank Goldman Sachs (NYSE: GS). He has also defended the bank for its inability to disclose proper facts about Paulson’s bets. Speaking at Berkshire Hathaway’s (NYSE:BRK.A) annual meeting, he said that such disclosure would have made no...
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Profits Attract Senators Too!
Tuesday, May 4, 2010 - 3:33pm | 357According to an article on Wall Street Journal, some members of the Congress have placed risky bets with their own money on the probability of the fall of US stocks or bonds during the financial crisis. This analysis of congressional disclosures is shocking considering that senators have been...
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NYSE Fines Goldman For Faulting On Trading Regulations
Tuesday, May 4, 2010 - 3:15pm | 133NYSE Regulation and the Securities and Exchange Commission (SEC) today fined a unit of Goldman Sachs Group Inc (NYSE: GS) a sum of $450,000 for faulting on trading regulations. The NYSE found that Goldman Sachs Execution & Clearing LP failed to close fail-to-deliver positions in stocks on time...
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Lehman Disputes Banks’ Claims (BCS, GS, CS, BAC)
Tuesday, May 4, 2010 - 12:16pm | 153Lehman Brothers is gearing up to wage a legal fight against banks on loss claims. The failed bank has already presented evidence suggesting that Barclays Plc. (NYSE: BCS) made $11 billion in windfall gains in a deal for Lehman’s assets. Lehman’s CEO Bryan Marsal has indicated that the fallen bank...