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Benzinga's Volume Movers
Monday, June 6, 2011 - 9:44am | 188ADA-ES Inc (NASDAQ: ADES) shares surged 65.40% to $16.54 at 10:40 am. The volume of ADES shares traded was 595% higher than normal. ADA-ES reported a $60 million equity sale in Clean Coal Solutions LLC joint venture to an affiliate of Goldman Sachs. EnerNOC Inc (NASDAQ: ENOC) shares moved up 6.56...
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Why Clouds are Green: Cloud Computing Stocks
Friday, June 3, 2011 - 9:32pm | 1074Cloud computing can go a long way to reducing carbon footprints and businesses are catching on. But the biggest advantage to companies is the cost savings. Corporations that utilize cloud computing don't need to periodically upgrade computers as often, and they don't need to own a lot of servers....
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CORRECTION: Cantor Fitzgerald Provides Color on First Bancorp, Sell
Friday, June 3, 2011 - 11:10am | 82Yesterday, Benzinga published a story with the title "Cantor Fitzgerald Provides Color on First Bancorp, Sell". In the body of that story, Benzinga reported on a research report by Cantor Fitzgerald. That story incorrectly provided the ticker for First Bancorp (NASDAQ: FBNC) instead of the...
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Options Brief: First Horizon National Corporation
Friday, June 3, 2011 - 10:01am | 90Shares of First Horizon National Corporation (NYSE: FHN) are lower on the session by 0.40%, trading at $10.01. Overall put volume is now running at 3.12x the daily average, with 15% of all puts traded being purchases on the offer. 1,301 contracts have traded on the session so far. First Horizon...
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Webster Announces Repurchase of U.S. Treasury Warrants
Friday, June 3, 2011 - 8:00am | 52Webster Financial Corporation (NYSE: WBS) announced today that it had acquired 2,282,276 warrants to purchase Webster common stock for $14.4 million in an auction conducted on June 2, 2011 by Deutsche Bank Securities on behalf of the U.S. Treasury. The transaction is expected to close on June 8,...
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Sterne Agee Modestly Increasing FY11E On Columbia Banking System
Friday, June 3, 2011 - 7:51am | 141According to Sterne Agee, Columbia Banking System (NASDAQ: COLB) is increased for FY11E, but modestly. Sterne Agee said that it is more positive on COLB post another FDIC transaction, but note its outlook for the shares continues to be for the name to be valued at ~1.25x TBV rather than forward...
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First Financial Bancorp to Acquire Liberty Savings Bank's Ohio-Based Retail Branch Locations
Friday, June 3, 2011 - 7:05am | 153First Financial Bancorp (Nasdaq: FFBC) announced that its wholly-owned subsidiary, First Financial Bank, has signed a purchase and assumption agreement to acquire all 16 of the retail banking branches of Liberty Savings Bank, FSB ("Liberty") located in Ohio. The deposits associated with these...
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Jefferies Comments on Synovus Financial Following Management Meetings
Friday, June 3, 2011 - 6:39am | 90Jefferies is commenting on Synovus Financial Corp. (NYSE: SNV) following meetings with management. “We walk away from the management meetings feeling better about credit and cost saves, but more concerned about loan growth,” Jefferies writes. “Longer-term fundamental improvement is contingent on...
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Huntington Bank Announces $2 Billion Lending Commitment in Michigan
Thursday, June 2, 2011 - 1:54pm | 298Huntington Bank (NASDAQ: HBAN) today announced a groundbreaking public-private lending partnership with the state of Michigan and the Michigan Economic Development Corporation by committing $2 billion in commercial and small business lending throughout the state. Huntington's expertise in small...
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Puts Purchased on First Horizon National Corporation
Thursday, June 2, 2011 - 1:16pm | 131Shares of First Horizon National Corporation (NYSE: FHN) are higher on the session by 0.50%, currently trading at $10.11. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today...
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Morning Market Losers
Thursday, June 2, 2011 - 8:58am | 101Exide Technologies (NASDAQ: XIDE) shares moved down 25.03% to $7.28 at 9:55 am. XIDE reported downbeat Q4 profit. Magyar Bancorp Inc (NASDAQ: MGYR) dipped 17.76% to $4.91. MGYR's trailing-twelve-month operating margin is 3.17%. Vera Bradley Inc (NASDAQ: VRA) shares dropped 13.33% to $41.31. VRS...
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Republic Bank & Trust Company to Sell Its Bowling Green Banking Center to Citizens First Bank, Inc.
Thursday, June 2, 2011 - 8:17am | 135Republic Bank & Trust Company , a subsidiary of Republic Bancorp, Inc. (NASDAQ: RBCAA), has entered into a definitive agreement to sell its banking center in Bowling Green, Kentucky to Citizens First Bank, Inc., a subsidiary of Citizens First Corporation (NASDAQ: CZFC). The Agreement provides...
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The Federal Reserve Cartel: Part I, The Eight Families
Thursday, June 2, 2011 - 12:17am | 3761TruthisTreason.net – Kevin Hayden Source: Dean Henderson – BlacklistedNews.com (Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco...
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The Federal Reserve Cartel: Part I, The Eight Families
Thursday, June 2, 2011 - 12:17am | 3761TruthisTreason.net – Kevin Hayden Source: Dean Henderson – BlacklistedNews.com (Part one of a four-part series) The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco...
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Morning Market Movers
Wednesday, June 1, 2011 - 8:57am | 123Orexigen Therapeutics Inc (NASDAQ: OREX) shares advanced 19.43% to $3.38 at 9:49 am. OREX is scheduled to announce a regulatory update on Contrave NDA on June 3, 2011 before the opening bell. Telvent GIT SA (NASDAQ: TLVT) climbed 15.36% to $39.74. TLVT agreed to be bought for $2 billion by...