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CEOWORLD Daily Business Roundup- IBM, INTC, AAPL, VMW, MMI, RIMM, NDAQ, AES, DPL, NRG, TM, S, GE…
Wednesday, April 20, 2011 - 6:00am | 1439Hardware Earnings- Data Center Group revenue at Intel (INTC) rose 32% in the last quarter, wheeras revenue from sales of IBM's (IBM) System z mainframe server products rose 41% last quarter. IBM (IBM) has reported a 10 per cent rise in net income to $ 2.86 billion in the January—March quarter of...
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Trading Turns Mixed 04-19-2011
Tuesday, April 19, 2011 - 3:28pm | 968Cusick's Corner The newest S&P rating is vetting itself throughout the financial shows, keeping viewers, but the reality is that the US going into default is not a reality. It has put more pressure on politicians but the market knows that the credit markets are not going to shut down. Plus...
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BofA Combines Corporate And Investment-banking Units -Bloomberg (BAC)
Tuesday, April 19, 2011 - 11:53am | 18BofA (NYSE: BAC) combines corporate and investment-banking units reports Bloomberg.
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Banks Weak On Goldman, BofA Buy Level Looms
Tuesday, April 19, 2011 - 11:40am | 318The markets opened slightly higher today after Tim Geithner defended the U.S. credit rating. He expressed his belief that there is "no risk the U.S. would lose its AAA credit rating". This helped weaken the Dollar and lift the futures for a positive open. After the SPDR S&P 500 ETF (NYSE: SPY)...
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As Goldman Goes, So Goes The Market (GS)
Tuesday, April 19, 2011 - 9:53am | 150Goldman Sachs Group, Inc. (NYSE: GS) is now negative, down fractionally, despite starting the session higher after reporting better than expected earnings. The New York based investment bank reported earnings of of $1.56 per share on revenues of $11.9 billion. This was materially better than...
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J.P. Morgan Maintains Overweight on Citigroup (C)
Tuesday, April 19, 2011 - 8:02am | 126J.P. Morgan is out with its report today on Citigroup (NYSE: C), maintaining Overweight. In a note to clients, J.P. Morgan writes, "We maintain Citigroup at Overweight longer term relative to our universe due to relatively attractive valuation with the shares trading below tangible book value,...
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Sterne Agee Sees Near 20% Upside In Citigroup (C)
Tuesday, April 19, 2011 - 7:29am | 214Sterne Agee has a Buy rating and a $6 price target on shares of Citigroup (NYSE: C) after the financial services giant reported earnings yesterday. In a note to investors, Sterne Agee writes, "Better-than-expected credit quality and further rationalization of Holdings helped beat first quarter...
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Oppenheimer Summary
Tuesday, April 19, 2011 - 7:22am | 121According to Oppenheimer, HCA (NYSE: HCA) is initiating with an Outperform rating. Eaton Corp (NYSE: ETN) is upgraded to Outperform. Estimates and price targets are increased on Citigroup (NYSE: C), Fortress Investment Group (NYSE: FIG), WW Grainger (NYSE: GWW), KepCorp (NYSE: KEY), KKR & Co (...
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CEOWORLD Daily Business Roundup- BP, GS, GM, RIMM, YHOO, TXN, IBM, YHOO, C, INTC, WMT, AAPL…
Tuesday, April 19, 2011 - 6:16am | 1509BP plc (BP)- The Gulf Coast Claims Facility, established last August with $20 billion in seed money from BP, said it has approved 300,000 claims from businesses and individuals hurt by the spill, out of approximately 857,000 claims submitted. Poor trading results are likely to hurt Goldman Sachs...
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Mitigating Some Currency Volatility 04-18-2011
Monday, April 18, 2011 - 6:06pm | 819Cusick's Corner Currency markets have been put on notice -- what markets to consider? Look at Gold -- GCM11 or GLD could be a way to play some of this currency uncertainty/volatility. People often look at Gold as an inflation fighter but it also can be very important when currencies come under...
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Downside a Worry? 04-18-2011
Monday, April 18, 2011 - 4:42pm | 854Cusick's Corner The EU and S&P strike, the market reacts pulling back on the open and trying to bounce into the Midday. This is the red flag that I saw coming but just didn't know what was going to be the catalyst, now we have some. If the downside is a worry, consider bear put spreads on a...
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CFTC Charges Citigroup Trader Otmane El Rhazi -Bloomberg (C)
Monday, April 18, 2011 - 4:00pm | 17CFTC charges Citigroup (NYSE: C) trader Otmane El Rhazi.
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Stocks Crushed - Here Are The Buy Levels
Monday, April 18, 2011 - 1:17pm | 322The markets are getting crushed today on the back of a negative outlook issued by Standard and Poor's on the United States credit rating. Stocks are getting smacked across the board on this market weakness. While many stocks are taking a hit, some key names are hitting master support levels and may...
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Bank Of America and Credit Suisse Sued Over LIBOR Practices - Bloomberg (BAC, CS)
Monday, April 18, 2011 - 12:11pm | 32Bank Of America (NYSE: BAC), Credit Suisse (NYSE: CS) Sued Over LIBOR Practices, Reported By Bloomberg.
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Sterne Agee Reiterates Neutral Rating On Bank Of America
Monday, April 18, 2011 - 8:59am | 184According to Sterne Agee, Bank of America (NYSE: BAC) earnings are a work in progress. Sterne Agee reported that legacy mortgage and elevated environmental costs continued to overwhelm favorable credit trends. “Although management is suggesting core earnings were closer to $0.30/share this quarter...