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International Paper Company (IP) Maintains A Buy Rating
Tuesday, February 23, 2010 - 8:44pm | 112Analysts at Goldman Sachs (NYSE: GS) have maintained a Buy rating for International Paper Company (NYSE: IP). According to analysts, the inventories, and operating rates at the company point to a balanced supply/demand. The company has announced $60 per ton price hike for containerboard. This...
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Record Bonuses Back At Wall Street (GS, MS, JPM)
Tuesday, February 23, 2010 - 4:52pm | 125According to an estimate released by Thomas DiNapoli, the New York State Comptroller, the bonuses paid out to Wall Street executives have risen 17% to $20.3 billion in 2009 compared to last year. The total compensation at the bigger security firms have increased by an even faster rate to $55...
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BrightSource Wins $1.4 Billion Loan Guarantee (BP, GOOG, MS, CVX)
Tuesday, February 23, 2010 - 4:51pm | 156The U.S. Department of Energy has awarded a $1.4 billion loan guarantee to BrightSource Energy Inc. According to a DoE spokesperson, this is the largest-ever loan guarantee for a renewable energy project by the federal government. The loan guarantee is for building three concentrated solar power...
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NY Post: Watered Down Volcker Rules, to be Watered Down Further
Tuesday, February 23, 2010 - 2:55pm | 1230Government Sachs (GS) wins again. (insert audible gasps of shock here) While the NY Post is generally not the "go to" source for data, you can assess the veracity of these stories out of D.C. by the stock price of Goldman Sachs. The "surprise" of the (watered down) Volcker rule truly shocked...
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Schwab Decides To Move Shares Listing Back To NYSE From NASDAQ (SCHW)
Tuesday, February 23, 2010 - 2:45pm | 129Charles Schwab Corp. (NASDAQ: SCHW), the largest independent brokerage, announced its decision to return to NYSE, thus ending a five-year stint on the NASDAQ. According to a statement from Schwab, the shares will switch on March 5, retaining the “SCHW” ticker symbol. Schwab had been listed on the...
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Berkshire Hathaway (BRK.A) Credit Risk Drops To 17-Month Low Despite Downgrades
Tuesday, February 23, 2010 - 1:28pm | 293Bloomberg has reported that despite the downgrades to Berkshire Hathaway, Inc. (NYSE: BRK.A), investors showed their faith, and pushed the price of default protection on the firm. Berkshire credit-default swaps fell to their lowest level in 17 months, ending at 128.1 basis points yesterday in New...
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TPG, KKR Said To Be In Final Talks To Buy Morgan Stanley’s Stake In CICC (MS)
Tuesday, February 23, 2010 - 12:12pm | 259TGP Capital LLP, and Kohlberg Kravis Roberts & Co., are apparently in the final stages of completing a deal to buy Morgan Stanley’s (NYSE: MS) 34.3% holding in China International Capital Corp.(CICC), the first Sino-foreign investment bank, for more than $1 billion. The two firms plan to...
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Charles Schwab (SCHW) Moving To New York Stock Exchange
Monday, February 22, 2010 - 7:15pm | 80The Charles Schwab Corporation (Nasdaq: SCHW) announced that it would move its stock listing from the Nasdaq OMX Group Inc. (Nasdaq: NDAQ) Nasdaq stock exchange to the NYSE Euronext (NYSE: NYX) New York Stock Exchange. Charles Schwab Corporation will make the transition on March 5 and the financial...
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Telecommunication Services Industry Update (S, LVLT, USM, T, VZ)
Monday, February 22, 2010 - 6:18pm | 452Analysts at Oppenheimer (NYSE: OPY) have released an update on the Telecommunication Services industry. According to the update provided by analysts in their report, Sprint Nextel Corporation (NYSE: S) will launch its first Wimax handset in the first-half of this year. Analysts believe that with...
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Value Investing With Goldman Sachs (GS)
Monday, February 22, 2010 - 3:31pm | 463Goldman Sachs Group (NYSE: GS) is a company that’s been in the papers a lot since President Obama and Former Treasury Secretary Paul Volcker have been on a crusade against the banks, especially Goldman. The stock has been in a downtrend since October, but I think this company will snap this trend...
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Schlumberger (SLB) Announces Acquisition Of Smith (SII) In A $11 Billion Deal
Monday, February 22, 2010 - 2:44pm | 289Schlumberger (NYSE: SLB) announced acquisition plans for Smith International, Inc. (NYSE: SII) worth $11 billion in an all-stock deal, as reported by the Wall Street Journal. It is the biggest deal to be announced till now, this year, in the U.S. It will also strengthen Schlumberger’s position as...
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Keefe, Bruyette & Woods Optimistic on E-Trade
Monday, February 22, 2010 - 2:24pm | 70Keefe, Bruyette & Woods appears to be somewhat optimistic on shares of embattled online brokerage firm E-Trade Financial (Nasdaq: ETFC), initiating coverage of the shares with a "market perform" rating and a one-year price target of $1.70. KBW said E-Trade is on the road to recovery and that...
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Graco Inc. (GGG) Shows A Bearish Trend After A Downgrade By Goldman Sachs (GS)
Monday, February 22, 2010 - 1:28pm | 122Graco Inc. (NYSE: GGG) breached below its 20 day MA and 200 day MA in the same session by mid-day on Monday, the first session after its quarter earnings were announced. Graco Inc. (GGG) was downgraded to “sell” from “neutral” by Goldman Sachs (NYSE: GS) on account of higher risks attached to US...
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Graco Inc. (GGG) Shows A Bearish Trend After A Downgrade By Goldman Sachs (GS)
Monday, February 22, 2010 - 1:27pm | 122Graco Inc. (NYSE: GGG) breached below its 20 day MA and 200 day MA in the same session by mid-day on Monday, the first session after its quarter earnings were announced. Graco Inc. (GGG) was downgraded to “sell” from “neutral” by Goldman Sachs (NYSE: GS) on account of higher risks attached to US...
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Morgan Stanley Worth a Look (MS)
Monday, February 22, 2010 - 1:11pm | 216NEW YORK (TheStreet) -- Morgan Stanley (NYSE: MS) has underperformed many of its competitors in recent weeks, suggesting there may be a short-term buying opportunity. Based on Friday's close at $27.41, Morgan Stanley shares were down 7.4% year-to-date, lagging most other big banks, including...