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Stock Market News for March 2, 2010 - Market News
Tuesday, March 2, 2010 - 10:46am | 461Increased activity on the mergers and acquisitions front and an upbeat outlook from SanDisk on the semiconductor industry sent U.S. stocks higher Monday, with both Nasdaq and the S&P 500 index jumping back into positive territory for the year. Hopes that Greece would find a way out of the...
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Goldman Sachs (GS) Establishes New Record Of 131 Days Of $100m-Plus Trading
Tuesday, March 2, 2010 - 9:30am | 171Goldman Sachs (NYSE: GS) shattered its record of $100m-plus net trading revenues in 90 out of 365 days, established in 2008. In 2009, GS achieved its $100m-plus trading revenues in 131 out of 356 days. In a filing with the Securities and Exchange Commission (SEC), Goldman Sachs revealed that it...
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Zacks Analyst Blog Highlights: Biogen Idec, Elan Corp., France Telecom, Telefonica and Vodafone - Press Releases
Tuesday, March 2, 2010 - 8:22am | 1139For Immediate Release Chicago, IL – March 2, 2010 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Biogen...
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Amazon (NasdaqGS: AMZN) Jumps Towards The 50MA .
Monday, March 1, 2010 - 6:20pm | 402Amazon.com, Inc. (NasdaqGS: AMZN) soared all day as it approached the daily 50 moving average. This level is at approximately $125.25 and should be short term resistance. The whole tech sector rallied today on the back of positive comments about the semiconductor sector. SanDisk Corporation (...
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The Dividend Divide: Sense Or Nonsense?
Monday, March 1, 2010 - 4:30pm | 293Expect the unexpected, especially when there’s money involved. If markets, prices and outcomes could move only in certain directions, life would have been a lot easier for investors. Conventional thinking insists that good companies pay out dividends to shareholders, thereby making dividends a good...
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U.S Housing to Recover by 2011 – Warren Buffett
Monday, March 1, 2010 - 3:38pm | 271According to Bloomberg, Warren Buffett wrote to his Berkshire Hathaway (NYSE: BRK.A) shareholders in his annual letter that the U.S housing crisis in likely to be over by 2011. He said that the prices of the houses will mostly be below the ‘bubble’ level, but every seller of a U.S home will likely...
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Goldman Sachs Rejects Investors’ Demand To Revamp Compensation Structure (GS)
Monday, March 1, 2010 - 1:05pm | 142Goldman Sachs’s (NYSE: GS) board has rejected its shareholders’ demand for the investigation of excessive compensation paid to its executives. The shareholders had also demanded for the restitution of some of the excessive compensation. According to a SEC filing, the company admitted that it...
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Canadian Banks Still Pay Juicy Dividends (AXP, JPM, TD, RY)
Monday, March 1, 2010 - 12:49pm | 1110Last Wednesday the markets were comforted by Fed chairman Ben Bernanke’s comments that the US economy is in a nascent recovery that requires interest rates to be kept low. Banks are breathing a sigh of relief that the recent rise in the discount rate will not lead to significant rate increase....
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Stronger Label for BIIB's Tysabri - Analyst Blog
Monday, March 1, 2010 - 11:33am | 521The US Food and Drug Administration (FDA) recently issued a notice on its website regarding the risk of developing progressive multifocal leukoencephalopathy (PML) with increased use of Tysabri. Tysabri, which is marketed by Biogen Idec (BIIB) and Elan Corp. (ELN), is approved in the U.S. for the...
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Greece, Goldman Sachs (GS), Dogs And Fleas: A Report From Barron's
Monday, March 1, 2010 - 7:21am | 236When Greece wanted to dress up its finances, it turned to Goldman Sachs (NYSE: GS) for some backdoor help. Back in 2001, Greece wanted to enter the European Union. The country was aware that its deficits were too high to let it qualify as a member of the Euro Zone. That is when Goldman Sachs came...
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Sunday Morning Coffee
Sunday, February 28, 2010 - 9:12am | 1264Yesterday during the Olympics I spent a little time reading about Karl Popper, seriously, and while no one will confuse me for a Popper scholar I am in a slightly more critical (thinking) frame of mind than whatever is normal for me. With that in mind I stumbled across a couple of things that could...
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Rosetta Stone (RST) Shares Surge On Strong Q4 Results
Friday, February 26, 2010 - 4:42pm | 124Rosetta Stone, Inc. (NYSE: RST) shares jumped by 32% on Friday, after the company reported strong Q4 profits. Rosetta’s international business nearly tripled and contributed 11% of total revenue in Q4. In 2010, this contribution is expected to be in the range of 13% to 15%, up from 8% in 2009. The...
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Company News for February 26, 2010 - Corporate Summary
Friday, February 26, 2010 - 10:27am | 196• AIG (NYSE:AIG) posted an $8.9 billion loss and said it could knock on the US government’s door to help meet its obligations • CKE Restaurants (NYSE:CKR) will be purchased by Thomas H Lee Partners for $928 million, or $11.05 per share • Interpublic Group (NYSE:IPG) reported inline sales and...
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Stock Market News for February 26, 2010 - Market News
Friday, February 26, 2010 - 10:23am | 389Stocks failed to build on to Wednesday’s momentum and closed down modestly lower as first time claims for unemployment rose and worries about Greece’s debt problems resurfaced. Moody’s and Standard & Poor’s further soured sentiments by saying they may cut Greece’s debt rating if the country...
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Goldman Sachs (GS) Faces Probe
Friday, February 26, 2010 - 8:23am | 122Wall Street giant Goldman Sachs (NYSE: GS) is facing a probe from the Federal Reserve for its role in arranging complex derivate transactions for Greece, which allowed the nation to hide its debt, according to a report by the Financial Times. Ben Bernanke, the Federal Reserve Chairman said that,...