-
Zacks Bull and Bear of the Day Highlights: Whirlpool Corporation, SIRIUS XM Radio, Biogen Idec Inc., Elan Corp. and Acorda Therapeutics - Press Releases
Thursday, January 14, 2010 - 8:24am | 1371For Immediate Release Chicago, IL – January 14, 2010 – Zacks Equity Research highlights Whirlpool Corporation (WHR) as the Bull of the Day and SIRIUS XM Radio (SIRI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Biogen Idec Inc.(BIIB), Elan Corp. (ELN) and Acorda...
-
Barclay's To Buy LaBranche (LAB)
Wednesday, January 13, 2010 - 5:27pm | 24Barclay's (NYSE: BCS) to buy LaBranche (NYSE: LAB)
-
Bank CEOs Scolded By Congressional Commission
Wednesday, January 13, 2010 - 3:57pm | 298The Chairman of a 10-member inquiry commission given subpoena power by Congress in order to carry out the task of examining the nation's financial crisis and discovering its causes had strong words for the CEOs of some of the nations top banks. "How do you go to the rating agencies and persuade...
-
First Midwest Bancorp Inc. (FMBI) Reports Bigger Than Expected Losses For The Fourth Quarter
Wednesday, January 13, 2010 - 1:54pm | 204First Midwest Bancorp Inc. (NASDAQ: FMBI) has reported bigger than expected losses for the fourth quarter. It reported net loss of $37.5 million for the fourth quarter against the $26.9 million for the same period last year. According to the Bank, the net loss available to common shares for the...
-
Biogen's Tysabri a Blockbuster! - Analyst Blog
Wednesday, January 13, 2010 - 11:30am | 595Biogen Idec Inc. (BIIB) recently announced that its multiple sclerosis (MS) drug Tysabri achieved blockbuster status in 2009. Sales of the drug, which is approved for relapsing forms of MS in the US and for relapsing-remitting MS in the EU, achieved $1 billion in sales in 2009. Tysabri is marketed...
-
Company News for January 13, 2010 - Corporate Summary
Wednesday, January 13, 2010 - 10:20am | 149• Aetna (NYSE:AET) forecast "modestly lower" 2010 earnings from last years' adjusted $2.75 per share • Google (NASDAQ:GOOG) reported a "highly sophisticated and targeted attack," and warned it plans to end censorship of its China search service. Some reports suggested the company could shutter its...
-
SocGen (SCGLY) Leads Tumble In European Stocks
Wednesday, January 13, 2010 - 9:02am | 205Most European stocks declined as Societe Generale SA’s (OTC: SCGLY) earnings forecast weighed on banks. Asian shares fell the most in six weeks, while U.S. futures were little changed. Societe Generale tumbled 5 percent as France’s second- largest bank by market value said it had a “slight profit...
-
Goldman Sachs Moves Below 50 Day Moving Average (GS)
Tuesday, January 12, 2010 - 2:12pm | 206Shares of Golman Sachs Group (NYSE: GS) have been trading lower all day. The stock has broken below its 50 day moving average indicating a possible trend reversal is taking place. Goldman (GS) is down 2.32% to $167.66 today in trading on the New York Stock Exchange. Goldman has been a lightning...
-
Company News for January 12, 2010 - Corporate Summary
Tuesday, January 12, 2010 - 10:26am | 310• Alcoa (NYSE:AA) reported fourth-quarter earnings excluding items of one cent a share, below estimates of 6 cents, and versus year-ago quarter’s 28 cent loss. Revenues, however, came in better than expected at $5.43 billion, although under last year's $5.68 billion. The firm blamed the results...
-
Stock Market News for January 12, 2010 - Market News
Tuesday, January 12, 2010 - 10:23am | 401U.S. markets ended Monday on a mixed note as an advance in industrial stocks, helped by a record rise in Chinese exports, was offset by a selloff in technology shares. Stocks seesawed in a narrow range as traders refrained from making big moves ahead of the upcoming earnings season. After the bell...
-
Banks To Face New Levy Courtesy Obama?
Tuesday, January 12, 2010 - 8:19am | 217The Obama administration is planning to impose a new levy on top US banks, to pay for the financial bail-out as part of the budget to be presented in February. The surcharge will aim to recoup the full cost of the TARP bail-out fund, which the administration estimates at $120bn, although officials...
-
Goldman Sachs (GS) To Deal with Shanghai Forte Land
Monday, January 11, 2010 - 2:12pm | 112Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs (NYSE: GS) in a deal worth more than $200 million. In separate developments, Goldman Sachs may expand a program that would require executives to give a part of...
-
Company News for January 11, 2010 - Corporate Summary
Monday, January 11, 2010 - 10:16am | 197• Heineken plans a $7.7 billion all-stock purchase of the beer division of Fomento Economico Mexicano • Goldman Sachs (NYSE:GS) cut its rating on Northern Trust (NASDAQ:NTRS) from "buy" to "neutral." The price target was $54 on the shares • Deutsche Bank (NYSE:DB) reiterated its "buy" rating on...
-
British Stocks Climb Up On Broker's Call (GS, C, BP)
Monday, January 11, 2010 - 10:13am | 120Leads provided by brokers gave an impetus to British stocks across various sectors such as real estate, oil, leisure etc. As per Goldman Sachs (NYSE: GS), demand for office space is going to climb up and the new supply will be restricted, which will enable the resurgence in prime office rents from...
-
Stock Market News for January 11, 2010 - Market News
Monday, January 11, 2010 - 10:12am | 376A surprise drop in December nonfarm payrolls had stocks ambling back and forth for much of Friday, but a revised November report that showed first job gains in more than two years helped markets regain some ground towards the end. Ahead of the fourth-quarter earning season that kicks off this week...