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Goldman Sachs Morning Summary
Wednesday, December 8, 2010 - 9:21am | 223General tone of Goldman Sachs (NYSE: GS) morning report continues to be positive. Overall, companies struck a much more positive tone relative to last year, driven by increased confidence on the strength of the economic recovery. A number of companies highlighted the desire and ability to return...
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Morgan Stanley Announces Regulatory Approval for CICC Stake Sale
Wednesday, December 8, 2010 - 9:03am | 79Morgan Stanley (NYSE: MS) today announced that it has received all required regulatory approvals for the sale of its 34.3 percent stake in China International Capital Corporation to TPG Capital, KKR, Government of Singapore Investment Corporation Pte Ltd and The Great Eastern Life Assurance Company...
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Government Loosens Grip on Citi - Analyst Blog
Wednesday, December 8, 2010 - 3:03am | 844The fifth and final sale of the remaining 2.4 billion shares of Citigroup Inc. (C) announced by the U.S. Treasury yesterday will exhaust government's stake in the company. The Citi shares were acquired by the government a couple of years back as a part of the company's participation in the...
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Government Loosens Grip on Citi - Analyst Blog
Tuesday, December 7, 2010 - 3:07pm | 844The fifth and final sale of the remaining 2.4 billion shares of Citigroup Inc. (C) announced by the U.S. Treasury yesterday will exhaust government's stake in the company. The Citi shares were acquired by the government a couple of years back as a part of the company's participation in the...
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Federal Reserve's Bailout of the Rich and Well-Connected
Tuesday, December 7, 2010 - 2:20pm | 202The conflicts of interest and policy controversies in the Federal Reserve's bailout of the financial system now include helping out millionaires, billionaires, foreign automakers, and companies whose executives sit on the board of directors of the U.S. central bank. General Electric (NYSE: GE),...
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optionsXpress Moves Higher Again (OXPS)
Tuesday, December 7, 2010 - 12:50pm | 134Shares of optionsXpress (NASDAQ: OXPS) has been moving straight up since the company announced a special $4.50 per share dividend on November 29th. The trajectory is amazing, as OXPS has gapped up aggressively nearly every single day. During today's trading session, the stock has jumped another 4....
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Benzinga's Volume Movers (WPPGY, ONXX, OXPS, CELG)
Tuesday, December 7, 2010 - 11:58am | 155WPP plc (NASDAQ: WPPGY) shares moved up 2.07% to $60.22 at 10:30 am. The volume of WPPGY shares traded was 587% higher than normal. WPPGY's trailing-twelve-month gross profit is $11.45 billion. ONYX Pharmaceuticals Inc (NASDAQ: ONXX) shares rose 11.76% to $32.79. The volume of ONXX shares traded...
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Morgan Stanley Intra-day Level
Tuesday, December 7, 2010 - 11:47am | 51Morgan Stanly(NYSE: MS) is pulling back sharply after a gap higher open. The stock is still trading higher by 0.25 cents to $25.79. There will be intra-day support for the financial stock around the $25.54 area. This is a possible short term intra-day bounce area.
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SWS Sliding After Deb Offering
Tuesday, December 7, 2010 - 11:21am | 62Shares of SWS Group Inc. (NYSE: SWS) are plunging this morning, down 80 cents to $4.01, a loss of 16.6% on news that the company will offer $95 million worth of convertible bonds. The company, which is based in Dallas, TX, will use the funds for general corporate purposes, as well as to shore up...
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Stock Market News for December 7, 2010 - Market News
Tuesday, December 7, 2010 - 10:33am | 614Stocks paused for a breather, retreating for the first time in four days, as the Federal Reserve chairman's tepid comments over the weekend and speculation that the central bank would boost its bond-buying program soured sentiments. Bernanke said the stubbornly high unemployment levels would take...
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Company News for December 7, 2010 - Corporate Summary
Tuesday, December 7, 2010 - 10:33am | 459• The US government sold off its Citigroup (NYSE: C) stake with a $12 billion gross profit for taxpayers at a price of $4.35 per Citi share, on 2.4 billion shares • AGL Resources (NYSE: AGL) announced plans to acquire Nicor (NYSE: GAS) for $8.6 billion total value, or $53 per share • AT&T's (...
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Company News for December 7, 2010 - Corporate Summary
Tuesday, December 7, 2010 - 10:27am | 459• The US government sold off its Citigroup (NYSE: C) stake with a $12 billion gross profit for taxpayers at a price of $4.35 per Citi share, on 2.4 billion shares • AGL Resources (NYSE: AGL) announced plans to acquire Nicor (NYSE: GAS) for $8.6 billion total value, or $53 per share • AT&T's (...
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Stock Market News for December 7, 2010 - Market News
Tuesday, December 7, 2010 - 10:21am | 614Stocks paused for a breather, retreating for the first time in four days, as the Federal Reserve chairman's tepid comments over the weekend and speculation that the central bank would boost its bond-buying program soured sentiments. Bernanke said the stubbornly high unemployment levels would take...
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Citi to Pay $2.43M to Investors? - Analyst Blog
Monday, December 6, 2010 - 4:03pm | 602Citigroup Inc. (C) has hit the headlines again and this time for a wrong reason. According to a report in the Wall Street Journal, its unit – Citigroup Global Markets has been ordered to pay $2.43 million to a group of investors who had suffered losses on investing in the company's MAT Five, one...
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Citi to Pay $2.43M to Investors? - Analyst Blog
Monday, December 6, 2010 - 2:58pm | 602Citigroup Inc. (C) has hit the headlines again and this time for a wrong reason. According to a report in the Wall Street Journal, its unit – Citigroup Global Markets has been ordered to pay $2.43 million to a group of investors who had suffered losses on investing in the company's MAT Five, one...