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FBR Capital Increases Its Price Target on Intl. Rectifier, Broadcom, Atmel, Atheros Comm., City National (IRF, BRCM, ATML, ATHR, CYN)
Monday, January 10, 2011 - 9:56am | 78FBR Capital increases its price target on the following companies: Intl. Rectifier (NYSE: IRF) from $32 to $37. Broadcom (NASDAQ: BRCM) from $49 to $52. Atmel (NASDAQ: ATML) from $10.50 to $12.50. Atheros Communications (NASDAQ: ATHR) from $40 to $45. City National (NYSE: CYN) from $56 to $60.
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FBR Capital Downgrades Sterling Financial, Flagstar Bancorp, Wells Fargo (STSA, FBC, WFC)
Monday, January 10, 2011 - 9:45am | 57FBR Capital downgrades the following companies: Sterling Financial (NASDAQ: STSA) from Outperform to Mkt. Perform. Flagstar Bancorp (NYSE: FBC) from Outperform to Mkt. Perform. Wells Fargo (NYSE: WFC) from Outperform to Mkt. Perform.
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Merger Arbitrage Mondays – January 10, 2011
Monday, January 10, 2011 - 6:34am | 4842Merger activity decreased last week with two new deals announced and four deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 5 Total Number of Pending...
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Benzinga's Worst Performing Industries (SKY, CVCO, BXS, ZEUS, CNAM, SNV)
Friday, January 7, 2011 - 2:39pm | 151The manufactured housing industry lost 3.35% on Friday, and in the space Skyline Corporation (NYSE: SKY) and Cavco Industries, Inc. (NASDAQ: CVCO) are down 3.39% and 2.93% respectively. Regional southeast banks are also performing poorly today. This sector dropped 2.16% in the first half of the...
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Benzinga's Top Pre-Market NASDAQ Gainers (DNDN, ATAX, HBAN, KLIC)
Friday, January 7, 2011 - 9:17am | 146Dendreon Corporation (NASDAQ: DNDN) rose 3.75% to $36.75 in the pre-market session. DNDN is scheduled to host a conference call for providing updates on US commercialization progress today. America First Tax Exempt Investors LP (NASDAQ: ATAX) added 1.88% to $5.41 in pre-market trading. ATAX shares...
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Center Financial Names Richard S. Cupp New CEO
Thursday, January 6, 2011 - 5:32pm | 84The board of directors of Center Financial Corporation (NASDAQ: CLFC) today appointed Richard S. Cupp, a 47-year veteran in commercial banking, as interim chief executive officer of the company and its wholly owned subsidiary, Center Bank, effective immediately. Cupp succeeds Jae Whan Yoo, who was...
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Mercantile Bancorp States Not to Comment on Unusual Stock Price Activity
Thursday, January 6, 2011 - 5:31pm | 51In view of the unusual market activity in the common stock of Mercantile Bancorp (NYSE: MBR), the NYSE has contacted the Company in accordance with its usual practice; the Company stated that it is company policy not to comment on unusual market activity.
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Cosan-Shell JV Receives EU Approval - Analyst Blog
Thursday, January 6, 2011 - 4:03pm | 471Cosan Limited's (CZZ) previously announced joint venture with Shell International Petroleum Company Limited, a leading energy and petrochemical player, received unconditional regulatory approval from the European Union. The companies anticipate that the transaction would consummate in the first...
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Cosan-Shell JV Receives EU Approval - Analyst Blog
Thursday, January 6, 2011 - 3:48pm | 471Cosan Limited's (CZZ) previously announced joint venture with Shell International Petroleum Company Limited, a leading energy and petrochemical player, received unconditional regulatory approval from the European Union. The companies anticipate that the transaction would consummate in the first...
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Thursday's Put/Call Ratio Leaders (FHN, FLIR, INFN, WLL, STI)
Thursday, January 6, 2011 - 1:15pm | 95Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. First Horizon National Corp. (NYSE: FHN) 5,010 puts, 89 calls 2. FLIR Systems Inc. (NASDAQ: FLIR) 3,006 puts, 163 calls 3. Infinera Corp. (NASDAQ: INFN) 4,167 puts, 231 calls 4....
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PrivateBancorp Names William T. Norris CIO for Private Wealth
Thursday, January 6, 2011 - 12:10pm | 56CHICAGO, Jan. 6, 2011 /PRNewswire/ -- PrivateBancorp, Inc. (Nasdaq: PVTB) today announced William T. Norris has joined The PrivateBank to serve as Chief Investment Officer and Head of Trust and Investments for its Private Wealth group, which provides trust and investment services and private...
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Waccamaw's Jim Graham Announces Retirement
Thursday, January 6, 2011 - 11:48am | 30Waccamaw Bankshares (Nasdaq: WBNK) today announced that James G. Graham, after 39 years in banking, will retire from the community bank on March 1, 2011.
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RBC Capital Downgrades Cathay Bancorp, Pioneer Southwest Energy, Encore Energy
Thursday, January 6, 2011 - 10:51am | 68RBC Capital downgrades the following companies: Cathay Bancorp (NASDAQ: CATY) from Outperform to Sector Perform. Price target increased from $16 to $18. Pioneer Southwest Energy (NYSE: PSE) from Sector Perform to Underperform. Encore Energy (NYSE: ENP) from Sector Perform to Underperform. Price...
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Oppenheimer Downgrades CMS Energy, SunTrust Banks, Comerica, Rackspace (CMS, STI, CMA, RAX)
Thursday, January 6, 2011 - 10:43am | 67Oppenheimer downgrades the following companies: CMS Energy (NYSE: CMS) from Outperform to Perform. SunTrust Banks (NYSE: STI) from Perform to Underperform. Comerica (NYSE: CMA) from Outperform to Perform. Rackspace (NYSE: RAX) from Outperform to Perform.
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PNC Declares Dividend of $0.10
Thursday, January 6, 2011 - 10:42am | 51The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that the board of directors declared a quarterly cash dividend of 10 cents per share on the common stock. The dividend is payable Jan. 24, 2011 to shareholders of record at the close of business Jan. 14, 2011.