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Benzinga's Barron's Roundup (GS, C, JPM, MS, INTC, MOT, AAPL, SLE, VOD, VZ, NOK, PALM, RIMM)
Monday, January 25, 2010 - 3:51pm | 169Andrew Bary of Barron’s discusses the recent Wall Street trend of cutting down on executive bonuses and its impact on the future of the Street. Read more about this here. Intel, the chip giant, is coming out of the recession vigorously, with prospects of good business in the future. Read more about...
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Auto Parts Retail Industry Update (ORLY, GPC, AZO, AAP)
Monday, January 25, 2010 - 3:36pm | 217Analysts at FBR Capital Markets Corporation (NASDAQ: FBCM) have released an update on the Auto Parts Retail industry. Analysts have upgraded the shares of O’Reilly Automotive Inc. (NASDAQ: ORLY) from Underperform to Outperform. The shares of Genuine Parts Company (NYSE: GPC) meanwhile have been...
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Slimmer Wall Street Bonuses Present Buying Opportunities (GS, C, JPM, MS)
Monday, January 25, 2010 - 3:17pm | 435Nearly everyone thinks that Wall Street executives do not merit outsized bonuses, and Andrew Bary of Barron’s is no exception. However, he is counting on corporate boards to do the necessary trimming, not President Obama and his team. Bary argues that shareholders are the real owners of the company...
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HSBC (HBC) To Invest In Electric Car Project
Monday, January 25, 2010 - 2:15pm | 122HSBC Holdings (ADR) (HBC) is all set to lead an international team of investors in Project Better Place, according to a report by the Wall Street Journal. Project Better Place is an electric car venture founded by software entrepreneur Shai Aggasi. The project, which intends to build a network of...
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Wall Street Companies Slash Pay Under Pressure From Washington (MS, JPM, GS)
Monday, January 25, 2010 - 2:10pm | 174Bloomberg reports that banks like Morgan Stanley (NYSE: MS), JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group Inc. (NYSE: GS) have cut down compensation in 4Q. This is said to be in response to the pressure applied by Washington with respect to executive compensation and bonuses. “...
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Barclays (BCS) To Defer Bonuses Up To 3 Years
Monday, January 25, 2010 - 12:16pm | 153The Financial Times reports that Barclays (NYSE: BCS) is planning to defer paying bonuses, up to 100% for its top staff, in an attempt to smooth over controversial pay issues. Deferment could amount to anything from 50% to 100% of the bonus amount for a period of three years. Credit Suisse (NYSE:...
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Barron's View Goldman (GS) Attractive Even After Obama Curbs Proprietary Trading
Monday, January 25, 2010 - 12:14pm | 91Goldman Sachs (NYSE: GS) reported its ratio of compensation to revenue to be 36% last year, the lowest figure since it went public in 1999. Goldman's decision to set this ratio has boosted profits by around $4.50 a share in 2009. Shares of Goldman fell sharply after the Obama administration...
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Goldman Sachs Caps Pay Of U.K. Partners
Monday, January 25, 2010 - 6:10am | 121The BBC reported that in a bid to quiet the uproar over huge banking bonuses following government bailouts and the worst financial crisis in decades, Goldman Sachs' (NYSE: GS) 100 U.K.-based partners will have their total pay and bonuses for 2009 capped at 1 million pounds ($1.6 million) each. An...
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Jim Cramer Thinks It Is Time To Sell UNH, HUM, RHB
Saturday, January 23, 2010 - 2:21pm | 222CNBC's Mad Money host Jim Cramer thinks that investors should sell UnitedHealth Group Inc. (NYSE: UNH), Humana Inc. (NYSE: HUM) and RehabCare Group, Inc. (NYSE: RHB). The main reason for selling these stocks is that easy money has been made and it is not wise to be greedy at this point. Another...
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GS Quarter Inline despite Huge EPS Beat
Friday, January 22, 2010 - 3:55pm | 117Analysts at Wells Fargo Securities reiterate their “outperform” rating on The Goldman Sachs Group Inc (NYSE: GS), while raising their estimates for the company. Goldman Sachs has announced its EPS at $8.20, significantly beating the consensus of $5.24 and the analyst estimate of $5.00. The out-...
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Novartis' MS Therapy Advances - Analyst Blog
Friday, January 22, 2010 - 1:57pm | 588Novartis AG (NVS) recently published full results on its oral multiple sclerosis (MS) therapy FTY720 (fingolimod) in the New England Journal of Medicine. These results were from two pivotal phase III studies, TRANSFORMS and FREEDOMS, which demonstrated that FTY720 reduced the risk of confirmed...
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FT.com: How the BRIC was Born
Friday, January 22, 2010 - 1:14pm | 1595If you've been at all involved in the stock market the past 3+ years you should be very aware of BRIC aka Brazil, Russia, India, China. [Mar 16, 2009: BeSpoke - BRIC Country Return 1 Year and 10 Year versus USA] I'm more of a BIC fan myself as Russia is more or less a 1 dimensional play on energy...
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Stock Market News for January 22, 2010 - Market News
Friday, January 22, 2010 - 10:24am | 478President Barack Obama’s combative rhetoric sent traders on Wall Street scurrying for cover as proposals of greater restrictions on big banks led to concerns that profits at those firms will be impacted. Lingering worries about China’s moves to contain liquidity to stay ahead of inflation and...
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Widening Of Corporate Spreads As Obama Plans To Curb Trading By Banks (BAC, MS, UBS)
Friday, January 22, 2010 - 9:53am | 139Bloomberg reports that many US corporate bonds seem to have stopped in their tracks even as President Obama determined to curb trading by banks. This was in the backdrop of fears and worries about the economy. The Bank of America Merrill Lynch Corporate & High Yield Master Index indicated that...
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Hedge Fund Clients To Get Capital Raised By Morgan Stanley (MS)
Friday, January 22, 2010 - 9:26am | 91Reuters reports that there is a proposal whereby hedge fund clients will be able to get capital raised by Morgan Stanley (NYSE: MS). Morgan Stanley will charge clients a fee for this service. Jenkin Leung, the former MD of institutional sales at Lehman Brothers, has been hired to head Asian capital...