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Cramer Is Bullish On Goldman Sachs (GS)
Monday, December 20, 2010 - 5:11pm | 272On CNBC's "Stop Trading, Listen To Cramer!", Jim Cramer said that this is a great time to be long Goldman Sachs (NYSE: GS). He added that this investment bank will have a huge quarter, and a lot of trends are going in the right direction for Goldman (GS). Cramer used to work at Goldman Sachs (GS),...
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Markets Looking For Next Catalyst
Monday, December 20, 2010 - 12:49pm | 145The markets are floating around the flat line in holiday fashion with the SPDR S&P 500 ETF (NYSE: SPY) trading at $124.22, -0.08. The markets opened higher on relief that nothing negative came out of Europe or Asia over the weekend but then sold back to the flat line as the Dollar moved higher...
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News Summary (EBAY, JEF, APSG, RTN)
Monday, December 20, 2010 - 10:42am | 244EBay Inc (NASDAQ: EBAY) announced its plans to buy German online shopping club brands4friends for $200 million in cash. EBAY is expecting the deal to close in the first quarter of 2011. Doug McCallum, Senior Vice President for eBay in Europe said, “With the acquisition of brands4friends, we will...
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Jefferies Declares Quarterly Dividend of $0.075
Monday, December 20, 2010 - 9:16am | 41Jefferies Group, Inc. (NYSE: JEF) announced today that, on December 17, 2010, its Board of Directors declared a quarterly dividend of $0.075 per share of common stock, payable on February 15, 2011 to stockholders of record on January 17, 2011.
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Jefferies Reports Preliminary Fourth Quarter EPS of $0.35
Monday, December 20, 2010 - 9:06am | 110Jefferies Group, Inc. (NYSE: JEF) announced today preliminary financial results for its fiscal fourth quarter and 11-month fiscal year ended November 30, 2010. These results are preliminary pending resolution of the item described below. Preliminary highlights for the three months ended...
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Goldman Disses Overstock (OSTK)
Monday, December 20, 2010 - 8:46am | 95Goldman Sachs (NYSE: GS) took a shot at Overstock.com, Inc. (NASDAQ: OSTK), after Overstock has taken so many shots at Wall Street, over manipulation of its stock. Recently, Overstock added RICO charges in its lawsuit against Goldman and Merill Lynch. A Goldman Sachs spokesmen, delivered a verbal...
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Citi Cutting Estimates On Goldman (GS)
Monday, December 20, 2010 - 8:36am | 126Citi Investment Research has a Buy rating and a $200 price target on shares of Goldman Sachs (NYSE: GS), but is cutting its ratings. In a research report sent to investors, Citi writes, "We reduce our 4Q estimates at GS from $4.15 to $3.85 (vs consensus of $4.35), MS from $0.55 to $0.42 (vs...
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SEC Sends Banks More Subpoenas In Home-Foreclosure Probe -Reuters
Friday, December 17, 2010 - 1:45pm | 187The Securities and Exchange Commission has broadened its investigation of home-foreclosure problems in the U.S. by asking big Wall Street banks about the early stages of mortgage securitization, Reuters reported Friday, citing two sources familiar with the probe. The SEC last week sent out a new...
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Visa, MasterCard In Focus After Fed's Debit Card Proposal
Friday, December 17, 2010 - 1:30pm | 67Analysts over at Goldman Sachs (NYSE: GS) issued a note on Friday saying that the recent sharp decline in Visa (NYSE: V) and MasterCard's (NYSE: MA) shares was overblown, but the bank was taking the companies off its conviction buy list.
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Visa, MasterCard In Focus After Fed's Debit Card Proposal
Friday, December 17, 2010 - 1:30pm | 67Analysts over at Goldman Sachs (NYSE: GS) issued a note on Friday saying that the recent sharp decline in Visa (NYSE: V) and MasterCard's (NYSE: MA) shares was overblown, but the bank was taking the companies off its conviction buy list.
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Wikileaks Founder Reiterates Intent To Leak Info On Banks -CNBC (BAC)
Friday, December 17, 2010 - 11:59am | 125Julian Assange's Wikileaks still plans to leak information about a large American bank in early 2011, according to CNBC's reiteration today. Bank of America (NYSE: BAC) has been one of the suspected targets of the leak, but it is by no means the only possibility. Other American banks, such as...
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E*TRADE CFO to Retire
Friday, December 17, 2010 - 9:07am | 66E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that Bruce P. Nolop will retire as Chief Financial Officer of E*TRADE at year end. Matthew J. Audette, E*TRADE's Corporate Controller since 2005, will succeed Mr. Nolop as Chief Financial Officer, effective January 1, 2011. Mr. Nolop...
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Nasdaq to Purchase FTEN - Analyst Blog
Thursday, December 16, 2010 - 4:30pm | 817Expanding its risk management solutions, yesterday, Nasdaq OMX Group Inc. (NDAQ) announced its agreement to acquire leading real-time risk management solutions provider, FTEN Inc., for an undisclosed amount. Besides, while other terms of the deal are yet to be revealed, it is expected to be...
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Watching the Strength of this Uptrend 12-16-2010
Thursday, December 16, 2010 - 4:11pm | 904Cusick's Corner The market continues to rise in the face of the Dollar, DXH11, over .80 the Euro, FXE, hovering at 132 and the Volatility Index VIX is at 17.43, a level that we have not seen since April. I am watching the strength of this uptrend into the After Hours -- I want to see the market...
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Nasdaq to Purchase FTEN - Analyst Blog
Thursday, December 16, 2010 - 3:50pm | 817Expanding its risk management solutions, yesterday, Nasdaq OMX Group Inc. (NDAQ) announced its agreement to acquire leading real-time risk management solutions provider, FTEN Inc., for an undisclosed amount. Besides, while other terms of the deal are yet to be revealed, it is expected to be...