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FBR Capital Markets (FBCM) Upgrades Teradyne Inc. (TER) To Outperform
Monday, January 11, 2010 - 8:22am | 73Analysts at FBR Capital Markets (NASDAQ: FBCM) have upgraded Teradyne Inc. (NYSE: TER) from Market Perform to Outperform. According to analysts at FBR Capital Markets, Teradyne Inc. will benefit from the semiconductor test equipment cycle and therefore they have upgraded the stock of Teradyne Inc...
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Bank Of America, Morgan Stanley, Goldman Sachs Group Inc, JPMorgan Chase & Co Estimates Cut (MS, GS, JPM, SCHW)
Friday, January 8, 2010 - 12:39pm | 313Citigroup Inc. analysts reduced their fourth-quarter profit estimates for Bank of America (NYSE: BAC), Morgan Stanley (NYSE: MS), Goldman Sachs Group Inc (NYSE: GS) and JPMorgan Chase & Co (NYSE: JPM), citing a “substantial decline” in trading. According to the analysts the trading volumes in...
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Lodging And Gaming Sector Update (WYN, CHH, IILG, LHO, H)
Friday, January 8, 2010 - 12:30pm | 220Analysts at FBR Capital Markets (NASDAQ: FBCM) have released a report on the Lodging and Gaming Sector. Analysts believe that RevPAR growth will likely be negative for most of 2010. Analysts have an Outperform rating for Wyndham Worldwide Corporation (NYSE: WYN), Choice Hotels International, Inc...
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Company News for January 08, 2010 - Corporate Summary
Friday, January 8, 2010 - 10:20am | 344• UBS (NYSE:UBS) upgraded Barclays (NYSE:BCS) to "buy" from "neutral" • Macquarie downgraded Boeing (NYSE:BA) shares to "neutral" from "outperform." The company had risen to a 52-week high in yesterday's trade on improving passenger prospects for airlines • TSMC (NYSE:TSM), the largest contract...
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Stock Market News for January 08, 2010 - Market News
Friday, January 8, 2010 - 10:16am | 540A day before the government’s eagerly awaited December employment report, market participants refrained from making big moves even as hope grew the nation will break a 23-month streak of job losses. Stronger-than-expected retail sales number, nevertheless, helped calm nerves as concerns about...
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Pension Fund Sues Goldman (GS) Over Bonus Plans
Friday, January 8, 2010 - 9:54am | 140Goldman Sachs Group, Inc. (NYSE: GS) was sued on Thursday by an Illinois pension fund seeking to recover billions of dollars of bonuses and other compensation being awarded for 2009, saying the payouts harmed shareholders. In a lawsuit filed in New York state supreme court in Manhattan on behalf...
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Citi Slashes Estimates for BAC, GS, MS, JPM
Friday, January 8, 2010 - 9:24am | 145The estimates for Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and JP Morgan (NYSE: JPM) have been adjusted by Citigroup. The downgrade in the estimates reflects a decline in the fixed income trading so far in the quarter and the possibility of a continued...
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Nomura (NMR) And Ashmore Group Seek A Foothold In China
Thursday, January 7, 2010 - 1:47pm | 121Japan’s Nomura Holdings Inc. (ADR) (NYSE: NMR) and London based Ashmore group are bidding for a 33% stake in China’s SYWG BNP Paribus Asset Management Co to get a foothold in China’s $400 billion mutual funds market. The 33% stake sold by BNP Paribas Asset Management Co. is worth around $44...
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Pfizer In Consolidation Mode, Says No To Acquisitions (GS, PFE)
Thursday, January 7, 2010 - 11:30am | 117The Pfizer (NYSE: PFE) CEO, Jeffrey B. Kindler, speaking to analysts at Goldman Sachs (NYSE: GS) has stated that the chances of it entering into another large acquisition are unlikely. Pfizer’s integration with Wyeth is proceeding smoothly. Pfizer does not seek to divest its nutritionals/consumer...
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Company News for January 07, 2010 - Corporate Summary
Thursday, January 7, 2010 - 10:20am | 232• General Motors' CEO Whitacre promised the company's first year of profitability in 2010 following five years of losses • Microsoft's (NYSE:MSFT) CEO Ballmer's opening address in Las Vegas focused on the company's touch-tablet from Hewlett-Packard (NYSE:HPQ), planned for introduction this year • ...
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Geithner's New York Federal Reserve Pressured AIG to Delay Disclosures
Thursday, January 7, 2010 - 9:21am | 1560I wrote a few times in 2008 and early 2009 that as historic and mind bending the times we were living through then were, that when all the details of what was happening behind the scenes leaked out in the coming years ... that's where the truly fascinating information would be found. How short are...
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BioMarin Drug Cleared in Europe - Analyst Blog
Wednesday, January 6, 2010 - 1:00pm | 508BioMarin Pharma Inc. (BMRN) announced recently that its drug candidate 3, 4-diaminopyridine amifampridine phosphate (3,4-DAP), indicated for treating Lambert Eaton Myasthenic Syndrome (LEMS), has received marketing approval from the European Commission. In October 2009, the Committee for Medicinal...
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Company News for January 06, 2010 - Corporate Summary
Wednesday, January 6, 2010 - 10:01am | 181• Goldman Sachs (NYSE:GS) added 3M (NYSE:MMM) to its Conviction Buy List, with a price target of $105 up from $100 • Family Dollar (NYSE:FDO) reported fiscal first quarter earnings of 49 cents a share, two pennies higher than projected, on inline revenues of 1.82 billion • Beazer Homes (NYSE:BZH)...
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Overweight Rating For Palm, Downgrade For Motorola (PALM, QCOM, MOT, RIMM, MS, S)
Tuesday, January 5, 2010 - 1:42pm | 134After the exclusive deal with Nextel Corp. (NYSE: S) expires and gives way for new deals with other wireless companies, Palm’s (NASDAQ: PALM) unit shipments and subscriber additions are expected to rise, according to Morgan Stanley (NYSE: MS). According to a Reuters’ report, analyst Ehud Gelblum...
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Farming Stocks Could Still Make A Fortune (MON, POT, MOS, MS)
Tuesday, January 5, 2010 - 10:24am | 131Analysts at Morgan Stanley (NYSE: MS) are bullish on companies in the agricultural products space. They have retained an Overweight rating on Potash Corporation of Saskatchewan (NYSE: POT) and Mosaic Company (NYSE: MOS). Corn prices are expected to move up with potash prices to follow suit....