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Jim Cramer Is Bullish On UBSI, TRA, NITE, PFE, THS, JPM, BMY
Thursday, December 10, 2009 - 3:59pm | 292CNBC's Mad Money Jim Cramer said on Wednesday, in the segment of his show called Lightning Round, that United Bankshares, Inc. (NASDAQ: UBSI)(FREE stock trend analysis) is a buy. He finds that United Bankshares (UBSI)(FREE stock trend analysis) is a strong bank. UPSI is up 1.19% today. Cramer also...
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Goldman Sachs Management Not Taking Any Bonuses
Thursday, December 10, 2009 - 12:48pm | 184The Goldman Sachs Group, Inc. (NYSE: GS) today announced that its Board of Directors has approved changes to compensation for 2009. They include the following: The firm’s entire 30-person management committee, which comprises all global divisional and regional leadership, will receive 100 percent...
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CITIGROUP EXPECTED TO PAY BACK TARP. WATCH THESE LEVELS.
Thursday, December 10, 2009 - 12:32pm | 146Citigroup(NYSE: C) is expected to pay back the TARP money soon. They have been rumored to raise capital by issuing a huge secondary offering. This is similar to what Bank of America(NYSE: BAC) just completed. Citigroup is expected to raise $20 billion dollars in this offering. One can only wonder...
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Company News for December 10, 2009 - Corporate Summary
Thursday, December 10, 2009 - 10:26am | 255• Costco (NASDAQ:COST) reported inline earnings and revenue results this morning. The company reported first-quarter earnings of 60 cents a share, inline with analysts' consensus views as well as prior year results, despite the 1% increase in outstanding shares. Revenues climbed 5.5% to $17.3...
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Apple (AAPL) Plans Widening Of iTunes' Reach: Wall Street Journal
Thursday, December 10, 2009 - 10:14am | 345Apple (NASDAQ: AAPL) is exploring options that will widen its web influence, and change the way it sells and stores music. The company which changed the dynamics of the music industry with its iTunes service is planning to use the newly acquired La La Media Inc. to let users access their purchases...
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US Plans UK-like Pay Curbs
Thursday, December 10, 2009 - 9:25am | 98It is expected that US will enact pay curbs that are similar to the UK for employees at companies that received large bail-out money from the government. The tax enacted in UK will apply to Americans employed in the London branches of major U.S. banks like Citigroup Inc. (NYSE: C), JPMorgan Chase...
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ETFs To Watch December 10, 2009 (SMH, IYF, EWJ, FDN, DBP)
Thursday, December 10, 2009 - 4:35am | 245Here is the ETF Professor's ETF Watchlist for Thursday December 10, 2009. Watch the Semiconductor HOLDRs ETF (AMEX: SMH), which is looking good on the chart after breaking above resistance at $27. Another ETF that has appealing technicals is the iShares S&P North American Tech-Software ETF (...
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Goldman Sachs Launches Coverage of MLM And VMC
Wednesday, December 9, 2009 - 5:45pm | 117Goldman Sachs (NYSE: GS) initiated coverage of construction materials firms Martin Marietta (NYSE: MLM) and Vulcan Materials (NYSE: VMC). The bank rates the former a buy, and the latter a neutral. The bank is generally bullish on the industry, believing that “consensus drastically underestimates...
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Company News for December 09, 2009 - Corporate Summary
Wednesday, December 9, 2009 - 10:47am | 138• Citigroup (NYSE:C) raised 3M (NYSE:MMM) to "buy" from "hold" • Barclays (NYSE:BCS) lowered Kimberly-Clark (NYSE:KMB) to "equal weight" from "over weight" • Wells Fargo (NYSE:WFC) upgraded Cooper Industries (NYSE:CBE) to "outperform" with a price target of $41-$43, up from $28-$30 • Goldman Sachs...
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Stock Market News for December 9, 2009 - Market News
Wednesday, December 9, 2009 - 10:41am | 432A rising dollar and falling oil and gold prices made investors jittery yesterday, sending the Dow Jones industrial average tumbling more than 100 points. Fitch's downgrade of Greece's credit rating, a $3.65 billion first half loss at Dubai World's Nakheel, and a 1.8% October drop in German...
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Fast Money Picks For Wednesday December 9th (MBT, JPM, RIG, MS)
Tuesday, December 8, 2009 - 8:28pm | 132CNBC's Fast Money Tim Seymour would buy Mobile TeleSystems OJSC (ADR) (NYSE: MBT) at $42 on Wednesday. Mobile TeleSystems (MBT) dropped 5.65% today and closed at $46.10. Joe Terranova likes JPMorgan (NYSE: JPM) and believes in its CEO Jamie Dimon. JPMorgan fell 0.10% to $41.21 on Tuesday. Karen...
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T. Rowe Price Will Enter ETF Business
Tuesday, December 8, 2009 - 4:13pm | 114Mutual fund issuer T. Rowe Price Group (Nasdaq: TROW) will enter the ETF world, according to a filing with the Securities and Exchange Commission. T. Rowe Price wants to launch a family of actively managed ETFs, including U.S. equity, global equity and fixed-income funds. It's not uncommon to see...
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New 52-week Low Stocks (COCO, ISIS, SWS, LAB)
Tuesday, December 8, 2009 - 1:46pm | 130Corinthian Colleges, Inc. (NASDAQ: COCO) shares have fallen 0.36% to $13.84. Today, Corinthian has made a new 52-low at $13.60. So far this year COCO is down over 15%. ISIS Pharmaceuticals, Inc. (NASDAQ: ISIS) is another stock which made a new 52 week low of $10.33 and now trades at $10.66,...
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Morgan Stanley to Rally?
Tuesday, December 8, 2009 - 1:07pm | 133Morgan Stanley (NYSE: MS) has been trading sideways for nearly the past 6 months, but it appears that one trader is thinking that the stock can breakout from recent levels. 7,570 contracts were purchased on the ask this morning for 1.25, which is above the open interest of 18,400, indicating...
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Meredith Whitney Video: US Government "Out of Bullets", Consumer in Trouble
Tuesday, December 8, 2009 - 10:35am | 1839Following up on her "confused" stance 3 weeks ago [Nov 17, 2009: Meredith Whitney Just Plain Confused by the Action] Meredith Whitney, docked appropriately in black from head to toe, visits CNBC to expand on her realistic pessimistic views. As you can see in the video below, CNBC host Joe Kernan...