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Clone vs. Fund: Bruce Berkowitz and the Fairholme Fund
Wednesday, December 29, 2010 - 12:44pm | 609Read More...Much ado in the press lately about Bruce Berkowitz and his Fairholm Fund. A nice article in the latest issue of Fortune Mangazine calls the manager the "megamind of Miami" and this morning, International Business Times has a glowing article that focuses on his winning position in American...
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ACE Wraps Up Rain and Hail Buy - Analyst Blog
Wednesday, December 29, 2010 - 11:33am | 524Read More...ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...
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ACE Wraps Up Rain and Hail Buy - Analyst Blog
Wednesday, December 29, 2010 - 11:33am | 524Read More...ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...
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Market Update (TOT, NBL, SHLD, SNIC, AIG, MS, GS)
Wednesday, December 29, 2010 - 11:19am | 221Read More...Oil and gas stocks gained, along with the broader market. The NYSE Arca Oil Index (XOI) rose about 0.73%, with Total S.A (NYSE: TOT) as the top gainer in the list. The NYSE Arca Natural Gas Index (XNG) gained around 0.73%. Shares of Noble Energy Inc (NYSE: NBL) gained about 3.14%. The Philadelphia...
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ACE Wraps Up Rain and Hail Buy - Analyst Blog
Wednesday, December 29, 2010 - 11:00am | 524Read More...ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...
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ACE Wraps Up Rain and Hail Buy - Analyst Blog
Wednesday, December 29, 2010 - 11:00am | 524Read More...ACE Limited (ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE...
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Top M&A Deals Of 2010
Wednesday, December 29, 2010 - 9:34am | 327Read More...The Wall Street Journal has published a list of what it considers to be the five most important M&A deals of 2010. Hewlett-Packard (NYSE: HPQ) and 3Par are the first on the list. Hewlett-Packard acquired 3Par for $2.1 billion after battling with Dell (NASDAQ: DELL) to take ownership of the...
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Afternoon Market Update (KEY, ZION, STI, FITB, STT, GNW, MNKD, GOOG, DELL, ORCL)
Tuesday, December 28, 2010 - 12:10pm | 235Read More...Shares of regional banks were the top gainers in the financial sector. The gainers in the list included KeyCorp (NYSE: KEY), Zions Bancorp (NASDAQ: ZION), SunTrust Banks Inc (NYSE: STI) and Fifth Third Bancorp (NASDAQ: FITB). The Standard & Poor's 500 stock index lost about 0.03%, while the...
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Stock Market News for Dec 28, 2010 - Market News
Tuesday, December 28, 2010 - 9:33am | 967Read More...The markets closed almost flat yesterday, a light volume trade day primarily due to a snowstorm that kept most traders away from the Street. Investors also paid little importance to China's central bank increasing the interest rate. The Dow Jones Industrial Average ended the day down 0.16% to...
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Stock Market News for Dec 28, 2010 - Market News
Tuesday, December 28, 2010 - 9:08am | 967Read More...The markets closed almost flat yesterday, a light volume trade day primarily due to a snowstorm that kept most traders away from the Street. Investors also paid little importance to China's central bank increasing the interest rate. The Dow Jones Industrial Average ended the day down 0.16% to...
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US Stock Futures Up As Investors Await Economic Data
Tuesday, December 28, 2010 - 6:44am | 262Read More...US stock futures are slightly higher this morning, ahead of housing-price and consumer-confidence data. Futures for the Dow Jones Industrial Average gained 16 points to 11,519.00, while those for the S&P 500 rose 2.50 points to 1,255.80. Futures for the Nasdaq 100 gained 3 points to 2,233.00....
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Stocks To Watch For December 28 (ALU, AIG, DRYS, SIRI, CSCO)
Tuesday, December 28, 2010 - 5:19am | 213Read More...Some of the stocks that may grab investor focus today are: According to the Securities and Exchange Commission, Alcatel Lucent (NYSE: ALU) agreed to pay $137 million for settling charges that it paid bribes to foreign officials to secure business in Latin America and Asia. ALU shares lost 1.04% to...
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SouFun Holdings Shares Fall 8.4% (SFUN)
Monday, December 27, 2010 - 3:19pm | 209Read More...Shares of SouFun Holdings Limited (NYSE: SFUN) are trading down 8.4% at $68.99 per share during the Monday afternoon trading session. Last week the company said that it agreed to buy a building in Manhattan that was formerly owned by American International Group, Inc. (NYSE: AIG). SouFun Holdings...
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American International Group Trading Up 11.10% Today (AIG)
Monday, December 27, 2010 - 2:20pm | 26Read More...American International Group (NYSE: AIG) is trading up 11.10% today. Shares last traded at $60.33, up from $54.33 at yesterday's close.
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Market Roundup
Monday, December 27, 2010 - 1:22pm | 200Read More...Financial stocks were slightly higher, with the Financial Select Sector SPDR exchange-traded fund (XLF) rising about 0.63%. The gainers in the list included American International Group Inc (NYSE: AIG) and Fifth Third Bancorp (NASDAQ: FITB). The US dollar dropped after Christmas holidays. The...
