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Goldman Sachs Embroiled in Greece Currency Swap Turmoil (GS)
Thursday, February 18, 2010 - 12:42pm | 117A 2001 transaction between the Greek Government and Goldman Sachs (NYSE: GS) has come under fire following the escalation of Greece’s fiscal woes. The Eurozone entry of Greece is said to have been facilitated by the complex currency swap undertaken with Goldman Sachs in 2001. In hindsight, the...
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Benzinga's Unusual Volume (PCLN, CLW, NIHD)
Thursday, February 18, 2010 - 11:35am | 215Unusual volume is a great opportunity to watch the true economics of investing as supply and demand change stock prices. The following stocks give a great list of what is moving in the market and why. Stocks rising on unusual volume: - Priceline.com (NASDAQ: PCLN) up 8.93%, 1,677% volume change due...
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Does the Patient ( MS ) require Intensive Care ?
Thursday, February 18, 2010 - 10:14am | 349Yesterday the exhaustion Gap Up in the share price of Morgan Stanley (NYSE: MS) gave one a "golden" opportunity to short the stock at a price above 27.60 . Today with the Open at 27.90 it was a grand opportunity to add to or enter a short on the stock. On the 30 minute chart it is very clear...
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Rex Energy (REX) Maintains Rating Following Anadarko’s (APC) Marcellus Deal
Wednesday, February 17, 2010 - 9:24pm | 104Thomas Weisel (NASDAQ: TWPG) increased the target price for Rex Energy (NASDAQ: REX) to $16, while retaining the previous rating of “overweight”. This follows the joint venture agreement of Anadarko Petroleum (NYSE: APC) with Mitsui E&P USA (NASDAQ: MITSY), for natural gas exploration in...
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Atlas (ATLS) Rating Unchanged As Marcellus Deal Implies Proved Reserves And Other Assets Are Free
Wednesday, February 17, 2010 - 9:09pm | 150Atlas Energy (NASDAQ: ATLS) retained its rating of “overweight”, and target price of $40, following the joint venture agreement of Anadarko Petroleum (NYSE: APC) with Mitsui E&P USA (NASDAQ: MITSY), for natural gas exploration in Marcellus, Pennsylvania. Mitsui will be a 32.5% partner in...
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Cabela (CAB) Rating Unchanged Following Successful Securitization
Wednesday, February 17, 2010 - 9:03pm | 113Thomas Weisel (NASDAQ: TWPG) maintained its earlier rating of “overweight” for Cabela, Inc. (NYSE: CAB). Target price remains unchanged at $19. This follows the successful securitisation of $300 million of asset-backed notes by Cabela’s Credit Card Master Trust. This indicates that funding costs...
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Buffet Reduced Stakes In P&G, J&J To Fund Acquisition (BRK.A, PG, JNJ, COP, GS, GE, BNI)
Wednesday, February 17, 2010 - 4:39pm | 157Warren Buffett’s Berkshire Hathaway, Inc. (NYSE: BRK.A) sold stakes in Procter& Gamble (NYSE: PG), and Johnson & Johnson (NYSE: JNJ) to fund the acquisition of Burlington Northern Santa Fe Corporation (NYSE: BNI). The company also sold 34 % of ConocoPhillips (NYSE: COP) to fund the largest...
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Former Goldman Sachs (GS) Programmer Faces Code Theft Charges
Wednesday, February 17, 2010 - 2:52pm | 116A former employee of Goldman Sachs Group, Inc. (NYSE: GS) pleaded not guilty to charges that he stole the company's intellectual property. Sergey Aleynikov was a computer programmer at Goldman Sachs Group from May 2007 to June 2009. He had been hired away by Teza Technologies LLC to develop a...
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TD Ameritrade Upgraded At FBR Capital Markets (AMTD)
Wednesday, February 17, 2010 - 2:47pm | 108FBR Capital Markets upgraded shares of TD Ameritrade (NASDAQ: AMTD) this morning. The stock has gained 1% today and is currently trading at $17.50. The analyst also increased the price target for the stock from $20 to $21. Trading has been increasing lately as volatility has returned to the market...
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Morgan Stanley Spends More Than Goldman On Lobbying
Wednesday, February 17, 2010 - 1:41pm | 58Morgan Stanley (NYSE: MS) spent $790,000 during the fourth quarter on government lobbying efforts compared with $720,000 during the third quarter and $100,000 more than rival Goldman Sachs (NYSE: GS) spent during the fourth quarter. Goldman spent $840,000 to lobby the government during the third...
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TD Ameritrade Holding Corporation’s (AMTD) Daily Revenue Trends In Line For January
Wednesday, February 17, 2010 - 12:26pm | 125Analysts at BMO Capital Markets have released an update on TD Ameritrade Holding Corporation (NASDAQ: AMTD). The company has released its operating statistics for January, yesterday. TD Ameritrade’s daily revenue trades were 421,000 in January, which is an increase of 22.4% on a sequential basis....
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FBR Capital Ups TD AmeriTrade (AMTD) To Outperform
Wednesday, February 17, 2010 - 11:01am | 49FBR Capital upgraded TD AmeriTrade (NASDAQ: AMTD) from “market perform” to “outperform.” The target price for AMTD has been raised from $20 to $21. FBR has upgraded AMTD after the company reported healthy client metrics. AMTD’s shares gained 0.52% to $17.42 at 9:55 a.m.
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Chesapeake Energy Corporation (CHK) Maintains A Buy Rating
Wednesday, February 17, 2010 - 10:25am | 125Analysts Biju Z Perincheril and Shilpa Kumar at Jefferies & Company, Inc. (NYSE: JEF) have maintained a Buy rating for Chesapeake Energy Corporation (NYSE: CHK). The company has provided an update ahead of the fourth-quarter results, which it will report today. The production in the fourth-...
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Swap Deal Between Goldman Sachs, And Greece Was Kept Under Wraps (GS)
Wednesday, February 17, 2010 - 9:06am | 188Goldman Sachs Group, Inc. (NYSE: GS), and the government of Greece had agreed to a deal where the investment bank would help the government hide its deficit by means of a currency swap. In 2002, the investment bank also helped Greece in raising $1 billion through the swap, by off-balance-sheet...
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Chesapeake Midstream Plans IPO
Tuesday, February 16, 2010 - 3:50pm | 189Chesapeake Midstream Partners, a natural gas limited partnership formed by Chesapeake Energy (NYSE: CHK), is planning an IPO worth up to $345 million. An investment fund founded by Credit Suisse and General Electric (NYSE: GE) are also partners in Chesapeake Midstream. No date was announced for...