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Guest post: Crisis in public education...RJs newsletter
Saturday, April 16, 2011 - 2:19pm | 5122Guest Post by RJS Crisis in public education School districts around the country have been hit with a triple whammy of cuts to their funding this year... First, the direct aid in the form of federal ARRA has run its course, so they're no longer receiving that supplement. Second, the states have...
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CEOWORLD Daily Business Roundup- JNJ, CHK, AMD, T, AXP, AAPL, INTC, JPM, GOOG, LLY, CSCO…
Saturday, April 16, 2011 - 7:47am | 1985Johnson & Johnson Inc. (JNJ) is in talks to buy Swiss medical-device maker Synthes Inc. $20 billion. Charles Schwab (SCHW) a discount broker, declared boosted profit for the first quarter as earnings reached $243.00 million, or $0.20 per share, from a year earlier $6.00 million, or a lesser...
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Trend Continues to be Your Friend 04-15-2011
Friday, April 15, 2011 - 6:52pm | 891Cusick's Corner The market finished in the green today, but not enough to salvage the week which finished down. While this was an orderly pullback, the market appeared overbought so this was somewhat expected. Traders had mixed earnings and headline risks from the EU to contend with, while the...
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Zings Of The Day (JPM)
Friday, April 15, 2011 - 3:55pm | 141J.P. Morgan (NYSE: JPM) ignored claims about Bernie Madoff, as senior executives were supposedly made aware of the Ponzi scheme he was running. That's not gonna be good for business. That's not gonna be good for anyone. Moody's cut Ireland's sovereign rating by two notches today, going to Baa3...
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Weird Dynamic at Play 04-15-2011
Friday, April 15, 2011 - 3:35pm | 980Cusick's Corner The market is up, bonds are up, earnings were mixed and the data was in line -- the trend is still strong. Bonds and Equities going up at the same time is a weird dynamic, one that traders are watching closely because this breaks from their contradictory nature that they usually...
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Citigroup March Card Delinquencies Total 4.21% (C)
Friday, April 15, 2011 - 2:34pm | 18Citigroup (NYSE: C) March card delinquencies total 4.21% vs. 4.34% in February.
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Benzinga's Political Roundup (BAC, C, JPM, IRE)
Friday, April 15, 2011 - 12:10pm | 185U.S. securities regulators are discussing settlements with several major Wall Street banks such as Citigroup (NYSE: C), J.P. Morgan (NYSE: JPM) and Bank of America (NYSE: BAC) to settle allegations related to mortgage-bond deals. Moody's cut Ireland's sovereign rating by two notches to Baa3 today...
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Bank Of America March Card Delinquencies Fell To 4.82% (BAC)
Friday, April 15, 2011 - 10:25am | 19Bank Of America (NYSE: BAC) March Credit Card Delinquencies Fell To 4.82%
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Morgan Stanley Overweight On Bank of America (BAC)
Friday, April 15, 2011 - 10:13am | 147Morgan Stanley continues to be Overweight on shares of Bank of America (NYSE: BAC) after the Charlotte-based bank reported earnings this morning. It has a $22 price target on shares. In a note to clients, Morgan Stanley writes, "Impact on our views: 1c miss on higher mortgage cleanup expenses....
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Top Percentage Gainers and Losers as of 10am 4/15/11 (AGO, OPXA, MBI, AMLN, ABMD, CTCT, CRUS, GGC, OTIV, SFG, BAC, LLY, ALKS)
Friday, April 15, 2011 - 10:09am | 317Best 1) Opexa Therapeutics (NASDAQ: OPXA): Trading up 24% from yesterday's close to $2.27. A positive report emanating from a clinical trial of its drug Tovaxin has shares up. 2) Assured Guaranty (NYSE: AGO): Trading up 18.84% from yesterday's close to $16.84. Bank of America (NYSE: BAC) has...
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Deutsche Bank Discusses Bank of America's Earnings (BAC)
Friday, April 15, 2011 - 9:57am | 200Deutsche Bank has a Hold rating and a $14 price target on shares of Bank of America (NYSE: BAC) after the company reported earnings this morning. In a note to investors, Deutsche Bank writes, "1Q EPS was $0.17 vs. our est of $0.16 and consensus of $0.26. The miss vs. consensus was likely due to...
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Citi Reports 1Q11 Early Read On Bank Of America
Friday, April 15, 2011 - 9:21am | 106According to Citi, Bank of America (NYSE: BAC) gave a 1Q11 early read. Citi reported that 1Q Results came in $0.04 below estimate due to higher “one timers” as weaker than expected PTPP was fully offset by better credit quality. “Reported EPS of $0.17 vs. our est of $0.21 and cons of $0.27. The $0...
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A Peek Into The Market Before The Trading Starts
Friday, April 15, 2011 - 7:38am | 373Pre-open movers US stock futures are lower this morning. Futures on the Dow Jones Industrial Average fell 17 points to 12,211.00 and S&P 500 index futures dropped 1.50 points to 1,308.70. Futures on the Nasdaq 100 declined 1.25 points to 2,299.50. A Peek Into Global Markets European markets...
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Zipcar Misses Out On $50M In IPO (ZIP, GS, JPM)
Friday, April 15, 2011 - 7:27am | 524The popular car-rental service Zipcar (NASDAQ: ZIP) is feeling the pain of shoddy underwriting. JP Morgan (NYSE: JPM) and Goldman Sachs (NYSE: GS) underpriced the deal costing the company $50 million as the price soared almost 70% above the IPO price. The underwriters sold Zipcar shares to...
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Zipcar Misses Out On $50M In IPO (ZIP, GS, JPM)
Friday, April 15, 2011 - 7:27am | 524The popular car-rental service Zipcar (NASDAQ: ZIP) is feeling the pain of shoddy underwriting. JP Morgan (NYSE: JPM) and Goldman Sachs (NYSE: GS) underpriced the deal costing the company $50 million as the price soared almost 70% above the IPO price. The underwriters sold Zipcar shares to...