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MFC Downgraded to Hold
Tuesday, March 16, 2010 - 10:45am | 38Analysts at Argus downgrade Manulife Financial (NYSE: MFC) from "buy" to "hold." MFC’s shares closed at $20.14 yesterday. More Analyst Ratings here
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Exploring New Strategy Ideas and Potential New Long and Short Ideas for the Week
Tuesday, March 16, 2010 - 10:33am | 1653Follow this link for a pdf of this report: Ascendere Equity Strategy, Long and Short Ideas, March 12, 2010. Track weekly long/short focus list ideas here. Time permitting, we have decided on a weekly basis to share some general equity strategy themes we are working on and updated long and short...
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Stocks That Created New 52-Week Highs (AIRT, ALKS, ALLT, ATEC, AMIC)
Monday, March 15, 2010 - 4:20pm | 252Air T (NASDAQ: AIRT) shares moved up 1.22% to create a new 52-week high of $12.48. AIRT offers overnight air cargo, ground equipment sales, and ground support services. Alkermes (NASDAQ: ALKS) shares jumped 15.07% to $14.05, creating a new 52-week high. ALKS shares jumped after the FDA responded...
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Prudential Attempts To Calm Its Shareholders (PUK, AIG)
Friday, March 12, 2010 - 6:34pm | 160A number of Prudential (NYSE: PUK) investors have expressed their skepticism over its bid for AIG’s (NYSE: AIG) Asian operations. The deal will increase Prudential’s (PUK) size by twofold. However, Prudential CEO Tidjane Thiam now has decided to subdue UK investors’ apprehensions. He is expected to...
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AIG making headlines again
Friday, March 12, 2010 - 12:23pm | 1454Last autumn, when American International Group (NYSE: AIG) was trading at a frenzied pace, I shot a video ruminating on some of the reasons why these shares can be so volatile. Given that this week has seen a resurgence in AIG’s stock price, as well as an increase in options volume and implied...
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Volume Talks Wednesday March 10: Two Option Ideas on One Hot Stock
Thursday, March 11, 2010 - 10:32am | 3236Today I am going to introduce my new breakout report which will also include stocks which traded the session lower on heavier volume. If this is your first time reading one of my breakout reports you'll want to read the section below, however if you are familiar with my daily breakout report you...
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American International Group, Inc. (AIG) Bondholders Gain $3.2 Billion
Wednesday, March 10, 2010 - 10:38am | 129Bloomberg reports that bondholders of troubled insurer American International Group, Inc. (NYSE: AIG) gained at least $3.2 billion after the announcement of deals by the insurer to sell its two largest non-U.S. life insurance units for $51 billion. AIG bonds have reached an 18-month high since...
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Market Roundup (CSCO, AMAT, AIG, MET, DIS)
Monday, March 8, 2010 - 4:10pm | 262Cisco Systems (NASDAQ: CSCO) announced that it "will forever change the Internet" tomorrow, sparking speculation that it is set to launch a new gear that will enable wireless phone companies cope with rising video web traffic. Applied Materials (NASDAQ: AMAT) has announced a 17% hike in its...
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U.S. Stocks Fluctuate As AIG’s (AIG) $15.5 Billion Unit Sale
Monday, March 8, 2010 - 3:58pm | 160Bloomberg reports that U.S. stock movement was volatile, as financial shares gained following American International Group’s (NYSE: AIG) announced sale of American Life Insurance Co. to MetLife Inc. (NYSE: MET), while FMCG companies like Procter & Gamble Co. (NYSE: PG), and pharma cos like...
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AIG Sells Alico for $15.5 Billion
Monday, March 8, 2010 - 3:08pm | 96In a bid to repay the government American International Group (NYSE: AIG) has sold its Alico unit to Metlife Inc.(NYSE: MET) for $6.1 billion in cash and $8.7 billion in stock and equity. The proceeds from this sale will go to repay the government including Metlife stock wich will eventually be...
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Company News for March 8, 2010 - Corporate Summary
Monday, March 8, 2010 - 10:40am | 206• AIG (NYSE:AIG) is reportedly close to a deal to sell its international unit, Alico, to MetLife (NYSE:MET) for $15.5 billion in cash and stock • Toyota Motor (NYSE:TM) president expects the auto-maker's North American sales could recover in March • The Bank of NY Mellon (NYSE:BK) agreed to...
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American International Group Inc, (AIG) Strikes A Deal For Alico With MetLife (MET)
Monday, March 8, 2010 - 10:13am | 173American International Group Inc. (NYSE: AIG), an insurance company rescued by US treasury late in 2008 by taking some stake in AIG and infusing TARP funds, has finally struck a deal to sell off a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. (NYSE: MET) in an...
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Benzinga’s News Roundup (LXRX, MET, AZN, BA)
Monday, March 8, 2010 - 8:59am | 296Lexicon Pharmaceuticals, Inc. (NASDAQ: LXRX) reported today that it would sell $95 million of common stock in an underwritten public offering. Lexicon also intends to grant underwriters a 30-day option to purchase up to an additional $14.25 million of common stock to cover over-allotments. LXRX...
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American International Group, Inc. (AIG) And MetLife (MET) Reach An Agreement On Alico
Monday, March 8, 2010 - 8:31am | 100According to a report by Bloomberg, American International Group, Inc. (NYSE: AIG) has reached an agreement with MetLife, Inc. (NYSE: MET) to sell Alico. AIG will sell Alico to MetLife for $15.5 billion. MetLife has agreed to pay AIG $6.8 billion in cash, and $8.7 billion in equity. AIG has been...
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U.K. Insurer Prudential plc (PUK) Hastens Hong Kong Listing
Monday, March 8, 2010 - 8:29am | 144U.K. insurer Prudential plc (NYSE: PUK) announced last week that it was looking to list on the Hong Kong Stock Exchange as part of a plan to buy AIA, the Asian operations of American International Group (NYSE: AIG) for $35.5 billion. Prudential plc announced on Monday that it would attempt to...