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Company News for November 23, 2009 - Corporate Summary
Monday, November 23, 2009 - 10:11am | 220• A large run of holiday sales offerings crashed the Ebay (NASDAQ:EBAY) website, causing a major weekend web outage • Tyson Foods (NYSE:TSN) reported better-than-expected earnings of 28 cents a share, beating Zacks estimates by 2 cents, on revenues of $7.2 billion, which exceeded Zacks estimates of...
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Bove Thinks Goldman Sachs (GS) Will Increase Its Dividend Meaningfully
Saturday, November 21, 2009 - 9:29am | 223Richard Bove of Rochdale Securities said on CNBC's Fast Money that Goldman Sachs (NYSE: GS) will increase its dividend meaningfully because they are trying to re-establish their position in the market. He has also shared with the viewers his analysis of the impact of the reforms on the state of the...
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Yahoo, Volatility, and the Smartest Guys in the Room
Friday, November 20, 2009 - 12:30pm | 204Goldman Sachs (NYSE: GS) issued a trade report to its clients this morning suggesting that, by any metric, the vol in Yahoo (NASDAQ: YHOO) options is excessive to the tune of nearly 15 vol points. Goldman analysts state that, by their proprietary sum of the parts analysis, YHOO is due for vol...
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Biogen's Rituxan Label Expansion Delayed - Analyst Blog
Friday, November 20, 2009 - 12:00pm | 493Biogen Idec (BIIB) and Genentech, Inc., a wholly-owned member of the Roche Group (RHHBY.PK), announced that they have received a complete response letter (CRL) from the U.S. Food and Drug Administration (FDA) for Rituxan. The companies were seeking approval for the use of Rituxan (rituximab) plus...
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Pali Capital Upgrades Lazard Ltd (NYSE:LAZ), Lifts 2010 Estimates
Friday, November 20, 2009 - 11:25am | 186Analysts at Pali capital upgraded Lazard Ltd (NYSE: LAZ) to a “Buy” rating from “Neutral” and revised their price target to $46.00. The firm raised 2010 EPS estimate to $2.65 from $2.29 to reflect strength in the asset management segment. Their 2009 EPS estimate goes to $0.10 from $0.59 reflective...
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Goldman (GS) Shareholders Do Not Believe In Sharing The Firm's Earnings
Friday, November 20, 2009 - 10:31am | 221While a debate has been going on about shareholder largesses, some of the largest shareholders of Goldman Sachs (NYSE: GS) have been urging the Wall Street firm to reduce its bonus pool and distribute more of its huge earnings to some of its investors. According to Susan Craig of the Wall Street...
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AOL Plans To Sell ICQ
Thursday, November 19, 2009 - 11:17am | 159AOL has hired Morgan Stanley (NYSE: MS) as well as Allen and Co. to help sell off ICQ, its instant messaging service. AOL wants to sell ICQ after it becomes an independent company in December. It is rumored that AOL wants around $300 million from the sale of ICQ. ICQ was once a hot property in...
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Company News for November 19, 2009 - Corporate Summary
Thursday, November 19, 2009 - 10:27am | 334• Bank of America/Merrill (NYSE:BAC) downgraded a number of semiconductor companies, expecting a modest inventory correction, even as economies improve and demand for electronics rises. Four shares were downgraded to neutral, including Intel (NASDAQ:INTC), Texas Instruments (NYSE:TXN), Marvel...
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5 Large-Cap NYSE Stocks with Highest Cash Per Share (BRK-A, GS, BCS, CS, MS)
Thursday, November 19, 2009 - 8:18am | 163Below are interesting large-cap stocks on the NYSE that have highest cash per share. Berkshire Hathaway Inc (NYSE: BRK-A) has the cash per share of $17,350 and a market capitalization of $161.11 billion. BRK-A has posted its earnings for the September quarter higher than the consensus. Goldman...
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Goldman Sachs Delivers for Shareholders (GS)
Wednesday, November 18, 2009 - 6:48pm | 605Few American companies are as vilified as Goldman Sachs (GS). Formerly an investment bank, Goldman is now a commercial bank, a change that allowed it to take billions in taxpayer assistance during the financial calamity of 2008. Some would debate the usefulness of keeping Goldman in business,...
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$Time To Buy E*Trade?
Wednesday, November 18, 2009 - 5:51pm | 466E-Trade (ETFC) was up 9% today as talk of a possible takeover candidate. These rumors have swirled and swirled again. Each and every time, there is no substance behind the rumor. This time it may be different! Earlier in the day, E Trade reported October trading volumes for it’s customers, which...
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Goldman Sachs’ (GS) Small Business Initiative of $500 Million
Wednesday, November 18, 2009 - 10:29am | 165Goldman Sachs Group Inc (NYSE: GS) initiates a program to help small businesses get access to credit. This comes at a time when the company has been facing criticism over bonus payouts to its employees. Goldman's 10,000 Businesses initiative will commit $300 million to help small businesses get...
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Company News for November 18, 2009 - Corporate Summary
Wednesday, November 18, 2009 - 10:07am | 228• TJX (NYSE:TJX) posted a larger-than-anticipated profit as demand for discounted consumer products continued. The firm said it sees fourth-quarter earnings of 65 cents to 71 cents a share from continuing operations • Saks (NYSE:SKS) reported a surprise quarterly profit • Microsoft (NASDAQ:MSFT)...
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American Express To Battle Paypal (EBAY)
Wednesday, November 18, 2009 - 9:43am | 238American Express Company (NYSE: AXP) has acquired Revolution Money, a Revolution LLC company for $300 million. Revolution Money raised over $90 million from the likes of Citi (NYSE: C), Morgan Stanley (NYSE: MS) and Deutsche Bank (NYSE: DB). Revolution Money, launched by AOL Co-founder Steve Case’s...
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5 Mid-Cap NYSE Stocks with Highest Sales Growth Estimate (CIM, AEM, HIG, DFS, JEF)
Wednesday, November 18, 2009 - 7:42am | 189Below are interesting mid-cap stocks on the NYSE with the highest sales growth estimate. Chimera Investment Corporation (NYSE: CIM) has a consensus sales growth estimate of 683.6% for Q4 and a market capitalization of $2.63 billion. CIM shares are trading at a price short of their 52-week high of $...