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Morning Market Movers (MAGS, PFIN, CART, GMCR)
Monday, November 22, 2010 - 11:08am | 133Magal Security Systems Ltd (NASDAQ: MAGS) jumped 18.73% to $3.55 at 10:04 am. MAGS received a $21.4 million contract for a Comprehensive Security System. P & F Industries Inc (NASDAQ: PFIN) climbed 15.95% to $3.49. PFIN's quarterly earnings jumped 1053.20% y/y. Carolina Trust Bank (NASDAQ: CART...
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More Bank Failures, Tally Hits 149 - Analyst Blog
Monday, November 22, 2010 - 9:09am | 820The ongoing economic volatility took its toll on three more banks last week. The banks shuttered by the U.S. regulators last Friday were based in Florida, Pennsylvania and Wisconsin.This brings the total number of bank failures to 149 so far in 2010, compared to 140 in 2009, 25 in 2008 and just 3...
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Merger Arbitrage Mondays – November 22, 2010
Monday, November 22, 2010 - 8:37am | 4904Merger activity increased last week with five new deals being announced and eight 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 2010 109 Total Number of...
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More Bank Failures, Tally Hits 149 - Analyst Blog
Monday, November 22, 2010 - 3:30am | 820The ongoing economic volatility took its toll on three more banks last week. The banks shuttered by the U.S. regulators last Friday were based in Florida, Pennsylvania and Wisconsin.This brings the total number of bank failures to 149 so far in 2010, compared to 140 in 2009, 25 in 2008 and just 3...
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Do Investors Have Their Heads in the Clouds?
Sunday, November 21, 2010 - 9:36pm | 842A year ago when I wrote my book The Green Light on Green Stocks: A Quick Guide to Green Investing and Making Money in Alternative Energy Stocks, I started touting cloud computing as a green industry, not to mention a way of providing money saving services to many corporations. Cloud computing as a...
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Solid Growth to Continue - Earnings Trends
Sunday, November 21, 2010 - 8:00pm | 4956Key Points: 3Q Earnings season almost done, 484 or 96.8% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92% and a 3.73 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 347 positive...
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Chicopee Bancorp, Inc. Announces Repurchase Plan of 0.3M Shares
Friday, November 19, 2010 - 3:20pm | 74Chicopee Bancorp, Inc. (Nasdaq: CBNK) announced today that its Board of Directors has approved its fifth stock repurchase program. Under the Repurchase Program, the Company intends to repurchase up to 303,004 shares, or approximately 5%, of the Company's outstanding shares of common stock. The...
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M&A ETF Continues To Be Epic Disappointment
Friday, November 19, 2010 - 3:07pm | 325No, this piece isn't about ETFs for Thanksgiving, but the turkey picture is an appropriate illustration for the IQ ARB Merger Arbitrage ETF (NYSE: MNA), a fund that is, shall we say, misunderstood. In the essence of being respectful, the Professor believes everyone is entitled to their own opinion...
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Rating Agencies Downgrade Regions - Analyst Blog
Friday, November 19, 2010 - 1:00pm | 664Rating agencies have downgraded Regions Financial Corporation (RF) following leadership changes in its Risk Management Group subsequent to the resignation of its chief risk officer. Both the rating agencies – Fitch Ratings and Moody's Investors Service, a unit of Moody's Corp. (MCO) – have...
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Zacks Analyst Blog Highlights: Comerica Inc., JPMorgan Chase & Co., Wells Fargo & Co., PNC Financial Services Group Inc. and Citigroup Inc - Press Releases
Friday, November 19, 2010 - 11:33am | 1211For Immediate Release Chicago, IL – November 19, 2010 – Zacks.com Analyst Blog features: Comerica Inc. (CMA), JPMorgan Chase & Co. (JPM), Wells Fargo & Co. (WFC), PNC Financial Services Group Inc. (PNC) and Citigroup Inc. (C). Get the most recent insight from Zacks Equity Research with the...
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Morning Market Movers (MELA, FONR, JCDAD, ANNB)
Friday, November 19, 2010 - 11:03am | 107MELA Sciences Inc (NASDAQ: MELA) jumped 114.23% to $5.42 at 10:00 am. US Food and Drug Administration advisors backed MELA's melanoma detection product MelaFind. Fonar Corporation (NASDAQ: FONR) climbed 62.75% to $1.66. FONR swung to profit in the fiscal first quarter, from a loss in the year-ago...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, November 19, 2010 - 9:33am | 346Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: AK Steel Holding Corp (AKS) Banner Corp (BANR) BHP Billiton plc (BBL) Boston Pvt Fin Holdings Inc (BPFH) Checkpoint Sys Inc (CKP) View the entire Zacks #5 Rank List. AK STEEL HLDG (AKS): Free Stock Analysis Report BANNER...
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Bridge Capital Holdings Announces $30M Private Offering
Friday, November 19, 2010 - 9:10am | 82Bridge Capital Holdings (NASDAQ: BBNK) announced today that it has entered into an agreement to sell $30.0 million in common stock to a group of institutional investors in a private placement transaction. The investors in the private placement have agreed to purchase 3,508,771 shares of common...
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FirstMerit Corporation Announces Dividend of $0.16
Friday, November 19, 2010 - 9:04am | 43The Board of Directors of FirstMerit Corporation (Nasdaq: FMER) today announced a quarterly cash dividend of $0.16 per share on the Company's common stock, unchanged from last quarter, payable December 20, 2010, to shareholders of record on November 29, 2010.
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KeyCorp Declares Dividends
Friday, November 19, 2010 - 8:50am | 83KeyCorp (NYSE: KEY) announced today that its Board of Directors approved the following dividends for the fourth quarter 2010: -- A regular cash dividend of $0.01 per share on its common shares, or $0.04 per share on an annualized basis. The dividend is payable December 15, 2010 to shareholders of...