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Stock Market News for December 1, 2010 - Market News
Wednesday, December 1, 2010 - 10:30am | 634Stocks ended November on a down note as lingering sovereign-debt worries overshadowed better-than-anticipated manufacturing and consumer confidence data. A glum housing report also affected sentiments. The blue-chip Dow average, after dropping as much as 110 points at the open, closed off 46...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 10:30am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Time for Fed to Show Who Crisis Loans Benefited
Wednesday, December 1, 2010 - 9:48am | 326The Federal Reserve on Wednesday will have to disclose details about emergency loans made during the 2007-2009 financial meltdown, including who borrowed how much and what collateral was offered in return. The findings, which must be revealed in accordance with a deadline set by a wide-ranging...
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KBW Lowers Jefferies Group Estimate
Wednesday, December 1, 2010 - 9:00am | 87KBW is lowering its Jefferies Group, Inc. (NYSE: JEF) F4Q10 estimate to $0.31 from $0.33 on lower equities revenues as trading volumes failed to rebound and the VIX was down again q/q. “In contrast, we expect FICC revs. to be up q/q, while momentum in investment banking activity is the bright spot...
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Company News for December 1, 2010 - Corporate Summary
Wednesday, December 1, 2010 - 5:07am | 802• State Street (NYSE: STT) said it will lay off 1,400 jobs, or 5% of its workforce • RLI (NYSE: RLI) said it will pay a $7.00 per share special dividend • Bank of America (NYSE: BAC) initiated coverage of Dendreon (NASDAQ: DNDN) with a "buy" rating and a price target of $44 • Jefferies (NYSE: JEF)...
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Stock Market News for December 1, 2010 - Market News
Wednesday, December 1, 2010 - 5:03am | 634Stocks ended November on a down note as lingering sovereign-debt worries overshadowed better-than-anticipated manufacturing and consumer confidence data. A glum housing report also affected sentiments. The blue-chip Dow average, after dropping as much as 110 points at the open, closed off 46...
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Special Dividends From Online Brokers (IBKR, OXPS)
Tuesday, November 30, 2010 - 12:37pm | 89Earlier yesterday optionsXpress Holdings, Inc. (NASDAQ: OXPS) announced it was issuing a special $4.50 per share dividend, and now fellow online broker Interactive Brokers Group, Inc. (NASDAQ: IBKR) is following suit. Interactive Brokers announced after the bell yesterday it was going to be...
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Company News for November 30, 2010 - Corporate Summary
Tuesday, November 30, 2010 - 10:33am | 552• Zurich-based ABB (NYSE: ABB) said it agreed to buy Baldor Electric (NYSE: BEZ) for $4.2 billion, or $63.50 per share • Google (NASDAQ: GOOG) is rumored to be in talks with online discounter Groupon, in a deal valued as much as $6 billion • Seagate Technologies (NASDAQ: STX) terminated talks with...
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Benzinga's Top Pre-Market NASDAQ Gainers (DECK, OXPS, RIMM, SYMC)
Tuesday, November 30, 2010 - 9:17am | 130Deckers Outdoor Corporation (NASDAQ: DECK) rose 2.62% to $74.94 in the pre-market session. Analysts at Jefferies initiated coverage of DECK with a “buy” rating. optionsXpress Holdings Inc (NASDAQ: OXPS) added 2.59% to $17.80 in pre-market trading. OXPS has declared a special dividend of $4.50....
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Top 4 Stocks In The Investment Brokerage-National Industry With The Highest Operating Cash Flow (ETFC, AMTD, OXPS, MKTX)
Tuesday, November 30, 2010 - 6:00am | 144Below are the top investment brokerage-national stocks on the NYSE and NASDAQ in terms of operating cash flow. The trailing-twelve-month operating cash flow at E*TRADE Financial Corporation (NASDAQ: ETFC) is $1.36 billion. ETFC's operating margin for the same period is 53.86%. The trailing-twelve-...
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Company News for November 30, 2010 - Corporate Summary
Tuesday, November 30, 2010 - 5:00am | 552• Zurich-based ABB (NYSE: ABB) said it agreed to buy Baldor Electric (NYSE: BEZ) for $4.2 billion, or $63.50 per share • Google (NASDAQ: GOOG) is rumored to be in talks with online discounter Groupon, in a deal valued as much as $6 billion • Seagate Technologies (NASDAQ: STX) terminated talks with...
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Merck KGaA MS Drug Faces Glitch - Analyst Blog
Monday, November 29, 2010 - 4:30pm | 526Merck KGaA (MKGAF) recently announced that the US Food and Drug Administration (FDA) extended the review period of cladribine by three months. The prescription drug user free act date, which was earlier set for November 28, 2010, has now been postponed to February 28, 2011. The regulatory body...
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What's Hot on TheStreet
Monday, November 29, 2010 - 2:09pm | 238Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Americans More Optimistic About Retirement Fewer Americans think they will have to postpone retirement as the stock market rebounds, boosting retirement plans. Still, more are skeptical they will ever collect...
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Mary Meeker: End Of An Era
Monday, November 29, 2010 - 1:05pm | 256Morgan Stanley (NYSE: MS) lost a great one this morning, when the Wall Street Journal reported that tech analyst Mary Meeker was going to Kleiner Perkins. Meeker has been influential since the dot com era, and comes out with a report of the tech industry which many consider to be extremely...
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European Debacle Sends Stocks Reeling
Monday, November 29, 2010 - 12:36pm | 317The European situation continues to unravel after Ireland got a $113 billion bailout over the weekend. Spain and Portugal are next, with more countries on the horizon. This sent the Dollar spiking higher. A stronger Dollar is bad for the artificial wealth effect that the Federal Reserve has been...