-
Little Love For Goldman Sachs (GS) Chief Who Does God's Own Work
Thursday, December 24, 2009 - 9:54am | 122Lloyd Blankfein, the CEO of Goldman Sachs (NYSE: GS), has won little love and admiration for his efforts. Mr. Blankfien, who has led Goldman Sachs for the last three years, steered the Wall Street firm adeptly through the financial crisis. Goldman is set to make record profits and pay up to $23...
-
212 New Managing Directors for Morgan Stanley, MS, GS
Wednesday, December 23, 2009 - 7:02pm | 80Morgan Stanley (NYSE: MS) hinted at signs of recovery from the financial crisis by appointing 212 new managing directors, up from 133 last year, but lower than 241 in 2007. Morgan Stanley’s shares have registered 84 percent gains this year, though analysts estimate annual loss of 49 cents per share...
-
Morgan Stanley Promotes 212 To Managing Director Level (MS)
Wednesday, December 23, 2009 - 3:25pm | 117Morgan Stanley (NYSE: MS) has promoted 212 employees to the position of Managing Director. This is a 60% increase from last year's figure of 133. This news suggest that the Wall Street investment bank is recovering from the 2008 banking crisis which almost crippled Morgan Stanley's operations. In...
-
First Reserve To Invest In Glencore, (MS)
Wednesday, December 23, 2009 - 1:27pm | 110According to The Wall Street Journal, First Reserve Corp., a U.S. based private-equity firm will invest nearly $1 billion into Glencore, leading a group that includes institutional investors such as mutual funds and other energy-focused funds. The deal is expected to be structured as a convertible...
-
Company News for December 23, 2009 - Corporate Summary
Wednesday, December 23, 2009 - 10:26am | 347• Micron Technology (NYSE:MU) posted fiscal first quarter earnings of 23 cents a share, up from estimates of 6 cents, on revenues of $1.74 billion, which beat consensus projections of $1.59 billion • Cintas (NASDAQ:CTAS) reported non-GAAP earnings fell 21% to 39 cents, four cents under projections...
-
Expansion Plans In 2010 For ArcelorMittal (MT, NMR)
Wednesday, December 23, 2009 - 8:52am | 130According to Bloomberg, world’s biggest steelmaker, ArcelorMittal (ADR) (NYSE: MT) plans to buy more mines in 2010 to increase its supply of iron ore as prices for the raw material used to make the metal are expected to recover. Bill Scotting, ArcelorMittal’s head of strategy, said, “Acquisitions...
-
Zacks Analyst Blog Highlights: Moody's Investor Service, Alcoa, Incyte, Eli Lilly and Novartis - Press Releases
Wednesday, December 23, 2009 - 8:50am | 1372For Immediate Release Chicago, IL – December 23, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...
-
Strategic Defaults Cause Of Concern To The Future Of Capitalism (MS)
Wednesday, December 23, 2009 - 8:37am | 117According to the Wall Street Journal, strategic default - meaning people who could continue to make payments on mortgages on their homes - yet deciding to default, are likely to exceed 1 million in 2009. Mortgage Bankers Association CEO John Courson wondered about "the message they will send to...
-
Another Deal for Incyte - Analyst Blog
Tuesday, December 22, 2009 - 5:20pm | 546It’s raining good news for Incyte (INCY), which entered into a deal with Eli Lilly (LLY) regarding one of its pipeline candidates. The two companies have entered into a worldwide license and collaboration agreement related to the development and commercialization of Incyte's oral JAK1/JAK2...
-
Happy Holidays, Whats Next?
Tuesday, December 22, 2009 - 4:24pm | 231Three days before Christmas and the volume is light Exxon Mobile(NYSE: XOM), the Spyders(NYSEArca:SPY), and Apple(NasdaqGS: AAPL) are doing all right. While gold(NYSEArca: GLD), and oil(NYSEArca: USO) have caught a small bid however, for them to move higher the dollar must have had an intra-day...
-
Piper Jaffray Companies (PJC) Receives An Upgrade
Tuesday, December 22, 2009 - 3:34pm | 95In a recently released report, FBR Capital Markets has raised the 12-months price target for Piper Jaffray Companies (NYSE: PJC) to $55 from $50. The report has also revised the estimated EPS for FY2010 to $2.45 from $2.20. These changes have been made pursuant to Piper Jaffray’s acquisition of...
-
Tepper Tipped To Win Billions On Growth Bet
Tuesday, December 22, 2009 - 11:45am | 276David Tepper’s hedge fund firm, Appaloosa Management, has made about $7 billion in profits this year, with Tepper slated to take home $2.5 billion himself. He’s preparing to collect on a bet that America wouldn’t face a repeat of the Great Depression. In early 2009, Tepper picked up chunks of...
-
Company News for December 22, 2009 - Corporate Summary
Tuesday, December 22, 2009 - 10:22am | 155• Jabil (NYSE:JBL) reported fiscal first quarter earnings of 32 cents ex-items, three cents better than expected, on inline revenues of $3.1 billion. The company also said it sees second-quarter earnings 20 cents to 32 cents a share • Piper Jaffray (NYSE:PJC) maintained an "overweight" rating on...
-
Stock Market News for December 22, 2009 - Market News
Tuesday, December 22, 2009 - 10:18am | 497A series of corporate deal announcements and analyst upgrades of two Dow components returned to boost confidence on the Street and sent stocks sharply higher even as a controversial legislation to revamp the U.S. healthcare system inched closer toward finalization. The mergers and acquisition...
-
Benzinga’s Top Upgrades (AHD, AMTD, IAG, XXIA, ATHX, SAIA)
Tuesday, December 22, 2009 - 10:06am | 300Atlas Pipeline Holdings, L.P. (NYSE: AHD) was today upgraded by Citigroup from Sell to Hold. Atlas Pipeline Holdings is now trading at $5.20, 4% up in the pre-market session. So far in 2009, AHD gained over 30%. AHD closed at $5 in the last trading session. TD Ameritrade Holding Corp. (NASDAQ:...