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Deere Sells Wind Biz to Exelon - Analyst Blog
Monday, December 13, 2010 - 2:53pm | 833Deere & Co. (DE) completed the sale of its wind energy business, John Deere Renewables, LLC, to Exelon Corp.'s (EXC) wholly owned subsidiary, Exelon Generation Company. The deal, valued at $900 million, includes a provision for $40 million upon commencement of construction of the advanced...
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Wall Street Gives Uncle Sam Too Much Credit
Monday, December 13, 2010 - 12:48pm | 1547By Michael Pento, Senior Economist at Euro Pacific Capital (www.europac.net). Despite the fact that the S&P is up over 80% in the last 21 months, US financial firms are currently tripping over each other in their zeal to raise their S&P 500 and GDP targets for 2011. JPMorgan's (NYSE: JPM...
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Company News For Dec 13, 2010 - Corporate Summary
Monday, December 13, 2010 - 10:33am | 639• Thermo Fisher (NYSE:TMO) said it would purchase Dionex (NASDAQ:DNEX), a manufacturer of chemical analysis equipment, for $118.50 per share, or $2.1 billion • According to this weekend's Barron's, Mattel (NASDAQ:MAT) shares offer good value, with potential for 20% appreciation over the next year...
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Company News For Dec 13, 2010 - Corporate Summary
Monday, December 13, 2010 - 10:13am | 639• Thermo Fisher (NYSE:TMO) said it would purchase Dionex (NASDAQ:DNEX), a manufacturer of chemical analysis equipment, for $118.50 per share, or $2.1 billion • According to this weekend's Barron's, Mattel (NASDAQ:MAT) shares offer good value, with potential for 20% appreciation over the next year...
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Goldman Returning To Core Principles?
Monday, December 13, 2010 - 9:01am | 151An article in the NY Post shows that Goldman Sachs (NYSE: GS) is going back to being Goldman and putting the client first. "[Goldman] is trying to re-dedicate itself to its core principles," said a source familiar with the Business Standards review. "But the changes might not be viewed necessarily...
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Top 4 Mid-Cap Stocks In The Asset Management Industry With The Highest EPS Estimates (AMG, LAZ, WDR, EV)
Monday, December 13, 2010 - 5:33am | 143Below are the top mid-cap asset management stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for Affiliated Managers Group Inc (NYSE: AMG) for the March quarter is $1.60 per share. AMG's trailing-twelve month operating margin is 29.73%....
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Biogen Idec An Attractive Biotech Name
Sunday, December 12, 2010 - 11:49pm | 1135Ascendere Weekly Ranking Update: December 10, 2010 Subscribers login for the full report: This content is for members only. Every week, we include in this report a list of the highest quality and lowest quality stocks as defined by four key factors: Relative Value; Operating Momentum; Analyst...
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Zings Of The Day
Friday, December 10, 2010 - 4:59pm | 110Diageo (NYSE: DEO), maker of Johnny Walker whiskey is in talks to buy a Turkish spirits producer. I'll let you know if you guys should buy it. Just let me sample some of their products first. MBIA (NYSE: MBI) is suing Morgan Stanley (NYSE: MS) for fraud. Isn't this the guilty suing the guilt?...
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Morgan Stanley Raises Outlook For 10 Year Debt
Friday, December 10, 2010 - 4:43pm | 109Morgan Stanley (NYSE: MS) raised its outlook for the yield on 10 Year U.S. Treasury debt today, ratcheting it up to 3.25% from 3% for the end of the year and to 4% from 3.75% for the end of next year. "In our view, the rise primarily reflects the influence of the fiscal package on future economic...
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Bernanke's Short-Term Plans are a Long-Term Disaster
Friday, December 10, 2010 - 4:39pm | 721Is Bernanke's Plan Working? Three Year Treasury Yields Just Doubled I'm still buying gold and silver. Here's why... I know I talked about Bernanke's 60 Minutes interview earlier this week, but it's such an...
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Morton's Obtains Credit Facility - Analyst Blog
Friday, December 10, 2010 - 4:00pm | 403Morton's Restaurant Group Inc. (MRT) recently announced a credit and guaranty agreement with Goldman Sachs Bank USA, a part of Goldman Sachs Group, Inc. (GS). Under this agreement, the restaurant company received a new five-year $70 million credit facility, which carries a short-term variable...
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Morton's Obtains Credit Facility - Analyst Blog
Friday, December 10, 2010 - 3:21pm | 403Morton's Restaurant Group Inc. (MRT) recently announced a credit and guaranty agreement with Goldman Sachs Bank USA, a part of Goldman Sachs Group, Inc. (GS). Under this agreement, the restaurant company received a new five-year $70 million credit facility, which carries a short-term variable...
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Former Goldman Employee Convicted Of Theft
Friday, December 10, 2010 - 2:14pm | 62A former Goldman Sachs Group Inc. (NYSE: GS) programmer was convicted of theft, as he stole the code he worked on to develop high-frequency trading. Sergey Aleynikov, who stole the code in June 2009, was convicted by a federal jury today. Aleynikov left Goldman that month to take a job at...
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Company News For Dec 10, 2010 - Corporate Summary
Friday, December 10, 2010 - 10:33am | 589• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...
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Company News For Dec 10, 2010 - Corporate Summary
Friday, December 10, 2010 - 10:15am | 589• China's Petrochemical agreed to purchase Occidental Petroleum's (NYSE: OXY) oil and gas holding in Argentina for $2.45 billion • Community Health (NYSE: CYH) made an offer for Tenet (NYSE: THC) for $3.3 billion, or $6 per share, which the firm declined • Beckman Coulter (NYSE: BEC) is examining...