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Gasparino: Goldman Involved in Diamondback Investigation (GS)
Tuesday, November 23, 2010 - 5:59pm | 106Charlie Gasparino is reporting on FOX Business Network this afternoon that Goldman Sachs (NYSE: GS) is somehow involved with the recent investigation into Diamondback, a five billion dollar hedge fund. Mr. Gasparino said, “Goldman Sachs, we can definitively say, is involved in this investigation...
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Details On Diamondback Investigation
Tuesday, November 23, 2010 - 4:38pm | 60Charlie Gasparino just tweeted that his sources are telling him that the Diamondback investigation involves people working at Goldman Sachs (NYSE: GS) and a French banker. Yesterday, the FBI raided the offices of Diamondback, a CT based hedge fund in larger insider trading investigation.
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Merriman Capital Acted as Co-Manager in Avanir Pharmaceuticals, Inc.'s Follow-on Offering
Tuesday, November 23, 2010 - 3:56pm | 52Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), acted as co-manager in Avanir Pharmaceuticals, Inc.'s (Nasdaq: AVNR) $88 million follow-on offering of common stock at $4.40 per share. The transaction closed yesterday.
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Insider's Take on the Insider Trading Scandal
Tuesday, November 23, 2010 - 12:58pm | 591By Todd Harrison The easiest thing in the world to do is say "Wall Street is evil" and throw every hedge fund under the bus. I've read a lot of news reports overnight and virtually every one of them adopted the same populist cry. I even saw Inspector Kemp interviewed on this topic, where he said,...
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Positive Data on Acorda's Ampyra - Analyst Blog
Tuesday, November 23, 2010 - 12:51pm | 450Acorda Therapeutics Inc. (ACOR) recently published late-stage data on its multiple sclerosis (MS) treatment Ampyra (dalfampridine) in Annals of Neurology. The trial data demonstrated that a significant proportion (42.9%) of MS patients on Ampyra experienced an improvement in walking speed as...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 11:18am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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Company News for November 23, 2010 - Corporate Summary
Tuesday, November 23, 2010 - 5:28am | 702• Hewlett-Packard (NYSE: HPQ) reported earnings of $1.33 per share, up from estimates of $1.27 per share, on an 8.1% revenue gain to $33.2 billion above estimates of $32.8 billion. The firm's new-year estimate was set at a 13-15% rise to $5.16-$5.26 • Campbell Soup (NYSE: CPB) reported its fiscal...
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S&P 500 Looks to Stay in 1160-1220 Range 11-22-2010
Monday, November 22, 2010 - 8:46pm | 964Cusick's Corner The market is trading a lot like what the weather looks like going into the holiday week, unpredictable and potentially messy. The current environment spells a consolidation is actively in play, meaning we should have some declines and rallies that look to flow into the first...
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Benzinga's Top ETF Decliners (SOXS, EWP, VXX, ZSL, FAS)
Monday, November 22, 2010 - 7:27pm | 250Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) fell 3.62%, and closed at $19.41. SOXS traded lower as SanDisk Corporation (NASDAQ: SNDK) and Teradyne, Inc. (NYSE: TER) gained 6.48% and 5.65% respectively. iShares MSCI Spain Index (ETF) (NYSE: EWP) lost 3.52%, and closed at $38.90. EWP...
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Benzinga's Top ETF Gainers (SOXL, FAZ, AGQ, BZQ)
Monday, November 22, 2010 - 7:06pm | 231Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 3.71%, and closed at $43.37, on the strength in the semiconductor sector. In the semiconductor space, Teradyne, Inc. (NYSE: TER) spiked 5.65%, and closed at $12.53. Direxion Daily Financial Bear 3X Shares(ETF) (NYSE: FAZ) jumped 3.31%...
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Benzinga's Worst Performing Industries (AIB, BCAR, WL, TNE, TEF, FTE, GS, FNB, RF)
Monday, November 22, 2010 - 6:42pm | 235Foreign money center banks were the worst performing industry today. Allied Irish Banks, plc. (ADR) (NYSE: AIB) fell 9.76%, and Banco Santander, S.A. (ADR) (NYSE: STD) dropped 4.53%. Regional - Mid-Atlantic Banks traded 2.52% lower on Monday. In the space, Bank of the Carolinas Corporation (NASDAQ...
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Ireland Bailout Done, Who Is Next? - Voice of the People
Monday, November 22, 2010 - 6:30pm | 732Zacks' Voice of the People Highlights user inthemoneystocks: "Ireland Bailout Done, Who Is Next?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Ireland Bailout Done, Who Is Next? This morning Ireland is expected to accept a...
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Financials Falling Apart (GS, JPM, BAC, C, XLF)
Monday, November 22, 2010 - 1:37pm | 107Stocks are hitting their lows of the day with around 3 and a half hours left in the trading day. Leading the market lower is the financial sector. Goldman Sachs (NYSE: GS) has fallen 3.80% to $160.41. J.P. Morgan (NYSE: JPM) is down 2.79% to $38.31. Bank of America (NYSE: BAC) has shed 3.52% to $...
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Ireland Bailout Done, Who Is Next? - Voice of the People
Monday, November 22, 2010 - 1:04pm | 732Zacks' Voice of the People Highlights user inthemoneystocks: "Ireland Bailout Done, Who Is Next?" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post Ireland Bailout Done, Who Is Next? This morning Ireland is expected to accept a...
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Senior Notes from Boston Properties - Analyst Blog
Monday, November 22, 2010 - 11:06am | 615Boston Properties Inc. (BXP), a leading real estate investment trust (REIT), has recently completed a debt offering of $850 million aggregate principal amount of 4.125% senior unsecured notes due 2021 to raise cash and repay debt. The debt offering is managed by J.P. Morgan Securities LLC – the...