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Novartis Presents Positive Data - Analyst Blog
Wednesday, April 14, 2010 - 1:30pm | 495Novartis (NVS) presented encouraging data on one of its investigational candidates, Gilenia at the annual meeting of the American Academy of Neurology (AAN). The drug is meant to treat relapsing forms of multiple sclerosis (MS) orally. Novartis conducted two pivotal phase III clinical trials –...
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Top Stocks of New York
Wednesday, April 14, 2010 - 12:45pm | 908New York is synonym of city, innovation, communication and finance, but New York is also a manufacturing and agricultural state. New York produces dairy products, cattle, vegetables and more. The state produces and exports minerals, automobile parts, computers and electronics, and chemical products...
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Stock News – JP Morgan Chase (NYSE:JPM), Intel (NASDAQ:INTC), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Verizon (NYSE:VZ)
Wednesday, April 14, 2010 - 10:22am | 955JPMorgan Chase (NYSE:JPM) is also one of the first companies to report first-quarter earnings, and announced that earnings rose an unexpectedly-high 55%, which has helped boost the market today. That’s an income of approximately $3.3 billion for the quarter. Intel (NASDAQ:INTC) had great news as...
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Stock News – JP Morgan Chase (NYSE:JPM), Intel (NASDAQ:INTC), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), Verizon (NYSE:VZ)
Wednesday, April 14, 2010 - 10:22am | 955JPMorgan Chase (NYSE:JPM) is also one of the first companies to report first-quarter earnings, and announced that earnings rose an unexpectedly-high 55%, which has helped boost the market today. That’s an income of approximately $3.3 billion for the quarter. Intel (NASDAQ:INTC) had great news as...
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Company News for April 14, 2010 - Corporate Summary
Wednesday, April 14, 2010 - 9:33am | 232• Intel (NASDAQ:INTC) reported its "best first quarter ever" on increased consumers spending on new computers. Earnings of 43 cents beat Zacks estimates of 38 cents a share and last year's 11 cent profit. Revenues of $10.3 billion were ahead of Zacks estimates of $9.8 billion and well above prior...
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Goldman Sachs Initiated With Buy
Wednesday, April 14, 2010 - 9:12am | 50Analysts at Nomura initiate coverage of Goldman Sachs Group Inc (NYSE: GS) with a "buy" rating. The target price for GS is set to $210. GS’s shares closed at $179.25 yesterday. More Analyst Ratings here.
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Morgan Stanley Says Palm Is Strategic Fit For Nokia, Motorola (MOT, NOK, PALM, MS, GS)
Wednesday, April 14, 2010 - 8:35am | 204According to a report by Bloomberg, Morgan Stanley (NYSE: MS) has said that Nokia (ADR) (NYSE: NOK) and Motorola Inc. (NYSE: MOT) are among mobile-phone makers that would derive the most strategic benefit from acquiring Palm Inc. (NASDAQ: PALM). According to a report by Morgan Stanley analysts...
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Bank of America Set To Fill Vacant CFO Post By Hiring Noski
Wednesday, April 14, 2010 - 8:13am | 245According to a report on the Wall Street Journal, Bank of America (NYSE: BAC) is ready to name an outsider, Charles Noski, as its chief financial officer (CFO). This move is aimed at helping BAC when it encounters new regulatory curbs. Noski, who had most recently served as CFO at defense...
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Morgan Stanley Bullish On Bank Of America In Near Term (BAC, MS)
Tuesday, April 13, 2010 - 12:52pm | 235In a client note released today, Morgan Stanley (NYSE: MS) said that they believe the share price of Bank of America (NYSE: BAC) will rise in the next 45 days. The firm cites a number of catalysts that could drive gains in the stock. The first catalyst is expected to be the upcoming earnings...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Market News – Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS), Best Buy (NYSE:BBY), Starbucks (NYSE:SBUX), Alcoa (NYSE:AA)
Tuesday, April 13, 2010 - 10:06am | 857Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago. The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun. It’s been estimated by Deutche...
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Company News for April 13, 2010 - Corporate Summary
Tuesday, April 13, 2010 - 9:30am | 207• CF Industries (NYSE:CF) announced plans to sell 10.8 million shares for about $1 billion • Tennant Company (NYSE:TNC) said it sees first quarter earnings of 19 cents to 21 cents a share, well above Street estimates of 7 cents, and revenues of between $148 million and $150 million, beating...
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Schwab ETFs Top $1 Billion In Assets
Tuesday, April 13, 2010 - 3:54am | 209ETFs issued by Charles Schwab (NYSE: SCHW) have proven fairly popular with investors in just a few months on the market. Schwab's first four ETFs came to market in November and the firm introduced two more in December and two more in January. The first four Schwab ETFs -- the Schwab U.S. Broad...
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Benzinga's After Hours Gainers (ABK, BJ, SUN, COWN)
Monday, April 12, 2010 - 7:08pm | 285Among the stocks that are moving in the after hours this evening are Ambac Financial (NYSE: ABK), BJ's Wholesale Club (NYSE: BJ), Sunoco (NYSE: SUN), and Cowen & Co. (NASDAQ: COWN). During the regular trading session, shares of Ambac Financial (ABK) gained an incredible 104%, closing at $2.25...
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Palm Inc. (PALM) Reportedly Seeking Bids
Monday, April 12, 2010 - 1:52pm | 305Bloomberg has reported that according to three people familiar with the situation, Palm Inc. (NASDAQ: PALM), creator of the Pre smartphone, is seeking bids for the company as early as this week. These persons, who refused to be identified because nothing has been announced yet, said that the...