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AIG's Exchange Offer Under-Tendered - Analyst Blog
Tuesday, November 30, 2010 - 9:00am | 821On November 23, American International Group Inc. (AIG) announced the completion of its equity units exchange offering, whereby the company will exchange 4.9 million shares for 49.5 million corporate units by paying $161.8 million. However, this was only about two-third of the total 74.48 million...
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Market Roundup (LNC, GNW, KEY, TCK, IVN, RIMM, HES, CVX, COP, AMAG, AMRN)
Monday, November 29, 2010 - 1:46pm | 336US Energy stocks fell along with the broader equity market. The top decliners in the list include Hess Corp (NYSE: HES), Chevron Corp (NYSE: CVX) and ConocoPhillips (NYSE: COP). The NYSE Arca Oil Index (XOI) dropped about 0.97%, while the NYSE Arca Natural Gas Index (XNG) moved down about 0.6%....
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Stable Return Product by Prudential - Analyst Blog
Monday, November 29, 2010 - 10:03am | 594Prudential Retirement, a wing of Prudential Financial Inc. (PRU), has added Prudential Protection Account to its range of institutional retirement products. The most salient feature of the new product is that it will guarantee principal as well as accrued interest in the form of insurance from...
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Stable Return Product by Prudential - Analyst Blog
Monday, November 29, 2010 - 4:30am | 594Prudential Retirement, a wing of Prudential Financial Inc. (PRU), has added Prudential Protection Account to its range of institutional retirement products. The most salient feature of the new product is that it will guarantee principal as well as accrued interest in the form of insurance from...
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Genworth Repays Outstanding Debt - Analyst Blog
Friday, November 26, 2010 - 6:00pm | 494Genworth Financial (GNW) repaid the outstanding borrowings under its five-year revolving credit facilities. The outstanding amount of $480 million constituted $240 million of outstanding borrowings under each of the two facilities. The company repaid the debt from the proceeds from sale of...
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Benzinga's After Hours Gainers (LNC, BSX, OCR, ES)
Friday, November 26, 2010 - 4:24pm | 127The after hours trading session on Friday is predictably quiet. Not only is it a Friday, but the exchanges closed early and many traders and investors likely did not come into work since it was the day after Thanksgiving. Among the after hours gainers are Lincoln National (NYSE: LNC), Boston...
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Friday's Put/Call Ratio Leaders (DNR, TLAB, DLR, ABT, AFL)
Friday, November 26, 2010 - 1:17pm | 90Here's a quick peek at stock that have abnormally high put/call ratios relative to their daily average… 1. Denbury Resources (NYSE: DNR) 2,609 puts, 23 calls 2. Tellabs Inc. (NASDAQ: TLAB) 5,054 puts, 77 calls 3. Digital Realty Trust Inc. (NYSE: DLR) 3,615 puts, 70 calls 4. Abbott Laboratories (...
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Genworth Repays Outstanding Debt - Analyst Blog
Friday, November 26, 2010 - 12:43pm | 494Genworth Financial (GNW) repaid the outstanding borrowings under its five-year revolving credit facilities. The outstanding amount of $480 million constituted $240 million of outstanding borrowings under each of the two facilities. The company repaid the debt from the proceeds from sale of...
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Options Brief: Aflac Incorporated (AFL)
Friday, November 26, 2010 - 12:19pm | 94Shares of Aflac Incorporated (NYSE: AFL) are lower on the session by 3.95%, trading at $51.85. Put volume is currently running at 2.83x the daily average, with476% of all puts traded being purchases on the offer. 7,603 contracts have traded on the session so far. Aflac Incorporated, through its...
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Benzinga's Top ETF Decliners (SOXS, EDZ, TZA, SCO)
Wednesday, November 24, 2010 - 5:44pm | 184Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) dropped 7.70% today, as the semiconductor space traded higher. In the space, Advanced Micro Devices, Inc. (NYSE: AMD) jumped 4.10%. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) traded 6.88% lower today, and it closed at $23...
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AIG Downgraded to Underperform - Analyst Blog
Wednesday, November 24, 2010 - 11:06am | 842Given the critical sustainability factor, we are downgrading our recommendation on American International Group Inc. (AIG) to Underperform from Outperform. The company's poor third quarter performance and the likelihood of more one-time charges in 2011 further justify the demotion. AIG's third...
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AIG Downgraded to Underperform - Analyst Blog
Wednesday, November 24, 2010 - 5:15am | 842Given the critical sustainability factor, we are downgrading our recommendation on American International Group Inc. (AIG) to Underperform from Outperform. The company's poor third quarter performance and the likelihood of more one-time charges in 2011 further justify the demotion. AIG's third...
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Benzinga's Top ETF Decliners (EDC, CZM, BAL, ERX)
Tuesday, November 23, 2010 - 7:37pm | 215Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) traded sharply lower on Tuesday. It lost 8.86%, and closed at $34.24. EDC traded on a heavy volume today. Its average volume is 2.96M traded shares, and today, it had a volume of 4.17M shares. Direxion Daily China Bull 3x Shares ETF (...
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Prudential Retirement Launches FDIC Insured Deposit Account
Tuesday, November 23, 2010 - 10:31am | 71Prudential (NYSE: PRU) has added Prudential ProtectionSM Account to its suite of institutional retirement solutions in response to the unprecedented financial crises and plan sponsors' demand for products with built-in guarantees. The new product is a principal and accrued interest guaranteed...
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MetLife to Hold Annual Investor Day on December 6
Monday, November 22, 2010 - 4:45pm | 37MetLife, Inc. (NYSE: MET) will hold its annual investor conference on Monday, December 6, 2010, from 8:00 a.m. to approximately 12:30 p.m.. Presenters will include members of MetLife's senior management team.