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Retailers Will Deliver This Holiday Season (JCG, KSS, PLCE)
Tuesday, December 29, 2009 - 3:48pm | 146Analysts at Stifel Nicolaus (NYSE: SF) believe that retailers will deliver this holiday season as promised. Analysts believe that thoughtful, well-planned promotional efforts along with tightly controlled inventory and reduced expenses will contribute to results better than last year for most...
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JMP Securities Puts $240 Price Target On Goldman (GS)
Tuesday, December 29, 2009 - 2:18pm | 178JMP Securities has released a very bullish research report on Goldman Sachs Group, Inc. (NYSE: GS). In fact, JMP analysts have put a $240 price target on the stock, which would represent a 46% increase in the share price from current levels. JMP's previous price target on shares of GS was $204....
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MS To Revamp The Compensation Structure
Tuesday, December 29, 2009 - 2:12pm | 83Morgan Stanley (NYSE: MS) intends to revamp the compensation structure of its top executives. Under the revamped pay structure, senior executives may receive as little as 25% of their 2009 pay in cash. The rest of the pay will be disbursed in deferred stock. In one of the proposals, top executives...
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Markets Rise After Christmas Break (MA, GS, MS, JPM)
Tuesday, December 29, 2009 - 1:31pm | 122Monday’s session was marked by the highest close since October 1, 2008 for the Dow Jones Industrial Average at 10,547.08. NASDAQ Composite rose 0.2% to 2,291.08, while the S&P 500 rose 0.1% to 1,127.78. Markets rose on the back of a report from MasterCard Incorporated's (NYSE: MA)...
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Morgan Stanley (MS) Executives To Submit 65% Of Their Pay In Event Of Future Losses
Tuesday, December 29, 2009 - 1:10pm | 82Morgan Stanley's (NYSE: MS) compensation committee has met several times in recent weeks to discuss pay plans for its top executives. Senior executives may receive about one quarter of their 2009 pay in cash, with the rest coming as deferred stock. One proposal being considered would have most of...
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Morgan Stanley to Reconsider Pay Plan (MS, GS)
Tuesday, December 29, 2009 - 10:46am | 114Morgan Stanley (NYSE: MS) will reconsider the way it pays its senior executives, deferring more of their compensation over time and benchmarking their pay against rival firms. According to the Wall Street Journal, Morgan Stanley may stop short of the approach taken by Goldman Sachs Group Inc. (...
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Benzinga’s Top Upgrades & Downgrades (JEF, CTCM, CZZ, GOK, UNH, AMCS, HRB)
Tuesday, December 29, 2009 - 10:23am | 332Jefferies Group, Inc. (NYSE: JEF) was today upgraded by Keefe, Bruyette and Woods from Market Perform to Outperform and price target set to $30. Jefferies Group is now trading at $5.51, 0.73% up in the pre-market session. So far in 2009, JEF gained over 225%. CTC Media, Inc. (NASDAQ: CTCM) was...
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Benzinga’s News Roundup (JEF, APPY, VVUS, MS, MSFT, NTRI, UNH)
Tuesday, December 29, 2009 - 10:02am | 438Jefferies Group, Inc. (NYSE: JEF) was today upgraded by Keefe, Bruyette and Woods from Market Perform to Outperform and price target set to $30. Jefferies Group has increased 4.52% to $24.27. Jefferies Group closed at $23.22 yesterday. The 52-week trading range for JEF is $8.04 - $30.99. So far in...
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Company News for December 29, 2009 - Corporate Summary
Tuesday, December 29, 2009 - 9:57am | 402• STEC (NASDAQ:STEC) shares moved higher for the tenth session, gaining on takeover speculation. Moreover, Broadpoint AmTech posted a "buy" rating on the shares with a $23 priced target. • Apple (NASDAQ:AAPL) shares remained on an upward path, up 1.2% on Monday, as rumors circulated regarding the...
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Stock Market News for December 29, 2009 - Market News
Tuesday, December 29, 2009 - 9:49am | 562Better holiday sales and rising commodity prices pushed stocks to their sixth straight gain and new highs for 2009. The market is back to levels not seen since the fall of 2008, around the time of the collapse of Lehman Brothers. Major indexes edged higher in light trading on Monday after sales...
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Goldman To Go Private In 2010? (GS)
Monday, December 28, 2009 - 3:18pm | 113Seabreeze Partners' Doug Kass is predicting that Goldman Sachs (NYSE: GS) will go private in 2010 as a result of "the unrelenting compensation outcry, government jawboning and associated populist pressures." He believes that the deal will be completed with the help of Goldman shareholder, Warren...
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Barron’s: Duffy and Laggner Bullish On Consumer Staples, Pharma And Discount Retailers (GRX, CVS, WMT)
Monday, December 28, 2009 - 2:09pm | 431Barron’s interviewed Kevin Duffy and Bill Laggner, hedge fund managers with Bearing Asset Management. They predicted housing and credit excesses and profited on their forecasts by shorting Freddie Mac, Fannie Mae, money-center banks and mortgage insurers. Both of them are contrarians and believe...
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Bristol-Myers Squibb Co. (BMY) Gets A Hold Rating
Monday, December 28, 2009 - 1:45pm | 113Analysts at Morgan Stanley (NYSE: MS) gave an Equal Weight/Hold rating to Bristol-Myers Squibb Co. (NYSE: BMY) as they expect the Bristol-Myers stock to be in line with the average total return of the industry over the next 12 to 18 months. Analysts have set a price target of $26 for Bristol-Myers...
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Hedge Fund Launches Gain Momentum (GS, DB, CS)
Monday, December 28, 2009 - 12:19pm | 316Investors' appetite for hedge-fund start-ups is slowly returning, although managers typically are raising relatively small amounts and some are granting concessions on key terms. The pace of new fund launches has picked up after plunging dramatically in late 2008, underscoring a broader trend of...
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Company news for December 28, 2009 - Corporate Summary
Monday, December 28, 2009 - 10:06am | 233• A number of health care IPOs were filed over the weekend, including a $90 million filing from Rules-Based Medicine (NASDAQ:RULE), a $80 million IPO from Alimera Sciences (NASDAQ:ALIM). Dehaier Medical Systems (NASDAQ:DHRM) expects its IPO to be price at $7-$9. • The Royal Bank of Scotland (NYSE...