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FBI Arrests More On Insider Trading Case (GS, DELL, TSM)
Thursday, December 16, 2010 - 1:53pm | 204The FBI arrested four more today in the insider-trading case, as part of its larger imitative to crack down on this. Daniel Devore, formerly a global supply manager for Dell Inc. (NASDAQ: DELL) last week plead guilty to committing wire fraud and conspiracy to commit wire fraud and securities fraud...
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Novartis to Wrap Up Alcon Buy - Analyst Blog
Thursday, December 16, 2010 - 1:24pm | 617Alcon Inc. (ACL) recently announced that its board of directors has given the nod for its merger with Novartis AG (NVS). Novartis plans to pay $168 per share to acquire the remaining 23% share of Alcon it does not already own. Per the terms of the agreement, the merger consideration will consist...
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Banks Weak As Commodity Stocks Push Markets Higher
Thursday, December 16, 2010 - 1:10pm | 129The bank stocks are one of the only sectors to be showing weakness today. Goldman Sachs Group, Inc. (NYSE: GS) is trading at $163.85, -1.36 (-0.82%). The market started out with some sharp selling as the U.S. Dollar spiked higher but by 10am ET, the Dollar started to drop. As soon as that happened...
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Novartis to Wrap Up Alcon Buy - Analyst Blog
Thursday, December 16, 2010 - 1:00pm | 617Alcon Inc. (ACL) recently announced that its board of directors has given the nod for its merger with Novartis AG (NVS). Novartis plans to pay $168 per share to acquire the remaining 23% share of Alcon it does not already own. Per the terms of the agreement, the merger consideration will consist...
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Calls Purchased on TD Ameritrade (AMTD)
Thursday, December 16, 2010 - 11:40am | 134Shares of TD Ameritrade Holding Corporation (NASDAQ: AMTD) are higher on the session by 0.24%, currently trading at $15.58. The stock has been moving largely higher over the past six and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name...
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Stock Market News for Dec 16, 2010 - Market News
Thursday, December 16, 2010 - 10:33am | 905A late-day sell-off, for the third consecutive day, witnessed the markets go slightly lower on Wednesday. On a lackluster day of major events that could negatively impact the indices, markets were partially affected by a rise in Treasury yields. Euro-zone debt crisis re-surfaced concerns among...
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Stock Market News for Dec 16, 2010 - Market News
Thursday, December 16, 2010 - 10:06am | 905A late-day sell-off, for the third consecutive day, witnessed the markets go slightly lower on Wednesday. On a lackluster day of major events that could negatively impact the indices, markets were partially affected by a rise in Treasury yields. Euro-zone debt crisis re-surfaced concerns among...
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KBW Updates Estimates on Morgan Stanley
Thursday, December 16, 2010 - 10:03am | 53KBW is out with its report on Morgan Stanley (NYSE: MS) updating its estimates. Updates are as follows: Year End Dec 2010E 2011E 2012E KBW (Curr.) 1.75 2.85 3.00 KBW (Prev.) 1.88 3.05 3.05 FC (Cons.) 2.43 2.99 — KBW maintains its Market Perform rating and $30 price target on MS. MS closed...
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KBW Updates Estimates on Goldman Sachs
Thursday, December 16, 2010 - 10:00am | 53KBW is out with its report on Goldman Sachs (NYSE: GS) updating its estimates. Estimate changes are as follows: Year End Dec 2010E 2011E 2012E KBW (Curr.) 13.30 17.60 20.25 KBW (Prev.) 14.20 18.15 19.70 FC (Cons.) 13.76 17.93 — KBW maintains an Outperform rating and $210 price target on GS....
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KBW's Universal Banks Update (BAC, C, GS, JPM, MS)
Thursday, December 16, 2010 - 9:06am | 361J.P. Morgan published its 2011 Universal Banks Outlook today with price targets, and risks to achieving price targets, on the following companies: Bank of America Corp. (NYSE: BAC) Target Price: 14.00 Risk Factors: The economy is our chief risk as BAC's consumer laden book is affected by the...
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Huntington Bancshares Rating Upped - Analyst Blog
Wednesday, December 15, 2010 - 4:33pm | 489Following the announcement by Huntington Bancshares Inc. (HBAN) of its capital raising plan to support the repayment of the bailout loan received under the U.S. Government's Troubled Asset Relief Program (TARP), Fitch Ratings have upgraded the ratings on the company. The long-term issuer...
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Huntington Bancshares Rating Upped - Analyst Blog
Wednesday, December 15, 2010 - 3:53pm | 489Following the announcement by Huntington Bancshares Inc. (HBAN) of its capital raising plan to support the repayment of the bailout loan received under the U.S. Government's Troubled Asset Relief Program (TARP), Fitch Ratings have upgraded the ratings on the company. The long-term issuer...
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Notable Movers Today
Wednesday, December 15, 2010 - 3:51pm | 172Stocks are starting to drop sharply now, with the S&P and the NASDAQ down sharply, and the Dow down about 12 points. Despite this, there are a few stocks that having notable moves, one way or the other. Jefferies Group, Inc. (NYSE: JEF) is up more than 1% today on more than 600,000 shares....
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CNO Financial Prices Credit Notes - Analyst Blog
Wednesday, December 15, 2010 - 3:33pm | 416In order to retire the existing senior credit facility, CNO Financial Group Inc. (CNO) has priced its senior secured notes together with the new senior secured credit facility and CNO Financial's available cash. CNO Financial has priced its $275 million principal amount of 9.0% senior secured...
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CNO Financial Prices Credit Notes - Analyst Blog
Wednesday, December 15, 2010 - 3:00pm | 416In order to retire the existing senior credit facility, CNO Financial Group Inc. (CNO) has priced its senior secured notes together with the new senior secured credit facility and CNO Financial's available cash. CNO Financial has priced its $275 million principal amount of 9.0% senior secured...