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CIT Outsourcing Student Loan Servicing
Tuesday, January 4, 2011 - 5:31pm | 45CIT Group Inc. (NYSE: CIT) today announced that it has completed and executed a service agreement with the Pennsylvania Higher Education Assistance Agency to service $7.4 billion of the Company's portfolio of government-guaranteed loans currently serviced by CIT.
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HTGC Lowered to Underperform - Analyst Blog
Tuesday, January 4, 2011 - 2:03pm | 696We have downgraded our recommendation on Hercules Technology Growth CapitalInc. (HTGC) to Underperform from Neutral based on its rising expenses and weak fundamentals. Hercules Technology's third quarter 2010 distributable net operating income (DNOI) came in at 25 cents per share, up from the...
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HTGC Lowered to Underperform - Analyst Blog
Tuesday, January 4, 2011 - 1:30pm | 696We have downgraded our recommendation on Hercules Technology Growth CapitalInc. (HTGC) to Underperform from Neutral based on its rising expenses and weak fundamentals. Hercules Technology's third quarter 2010 distributable net operating income (DNOI) came in at 25 cents per share, up from the...
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Options Brief: The NASDAQ OMX Group (NDAQ)
Tuesday, January 4, 2011 - 11:32am | 77Shares of The NASDAQ OMX Group (NASDAQ: NDAQ) are higher on the session by 0.58%, trading at $24.25. Overall put volume is now running at 10.60x the daily average, with 0% of all puts traded being purchases on the offer. 5,870 contracts have traded on the session so far. The NASDAQ OMX Group, Inc...
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ICE Reports Record Futures Volume in 2010
Tuesday, January 4, 2011 - 9:48am | 69IntercontinentalExchange (NYSE: ICE), a leading operator of regulated global futures exchanges, clearing houses and over-the-counter markets, today reported record futures volumes for 2010. ICE's futures exchanges established annual volume and average daily volume records of 329 million contracts...
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CIT, Boeing Announce Order for 38 Next-Generation 737 Aircraft
Tuesday, January 4, 2011 - 9:32am | 43CIT Group Inc. (NYSE: CIT) and Boeing (NYSE: BA) today announced that CIT Aerospace placed an order for 38 Next-Generation 737 airplanes and purchase rights for seven additional 737s.
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Asset Acceptance Capital Corp. Closes Regional Office
Thursday, December 30, 2010 - 1:07pm | 47Asset Acceptance Capital Corp. (NASDAQ: AACC) today announced that it will be closing its Cleveland, Ohio collections office. Once substantially completed, the closing of the office is expected to reduce the Company's operating expenses by approximately $3.0 million per year.
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Nasdaq May Expand in Japan - Analyst Blog
Thursday, December 30, 2010 - 12:03pm | 508In order to expand its footprint globally, Nasdaq OMXGroup Inc. (NDAQ) may partner with the No.2 operator of Japan - Osaka Securities Exchange Co. (OSE) to re-enter the Japanese market as early as January 2012. Earlier in 2000, Nasdaq and OSE had opened the Nasdaq Japan market for start-ups,...
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Foreclosures Up: A Caveat for 2011? - Analyst Blog
Thursday, December 30, 2010 - 11:33am | 777Just a couple of days before entering the New Year, a report from bank regulators revels that the U.S. home foreclosures jumped in the third quarter as lesser number of distressed borrowers received assistance related to loan modifications from mortgage servicers. This seems to be one of the...
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Nasdaq May Expand in Japan - Analyst Blog
Thursday, December 30, 2010 - 11:30am | 508In order to expand its footprint globally, Nasdaq OMXGroup Inc. (NDAQ) may partner with the No.2 operator of Japan - Osaka Securities Exchange Co. (OSE) to re-enter the Japanese market as early as January 2012. Earlier in 2000, Nasdaq and OSE had opened the Nasdaq Japan market for start-ups,...
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Foreclosures Up: A Caveat for 2011? - Analyst Blog
Thursday, December 30, 2010 - 11:07am | 777Just a couple of days before entering the New Year, a report from bank regulators revels that the U.S. home foreclosures jumped in the third quarter as lesser number of distressed borrowers received assistance related to loan modifications from mortgage servicers. This seems to be one of the...
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CIT to Redeem $500 Million of Series A Notes
Thursday, December 30, 2010 - 9:32am | 56CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it will redeem $500 million of its 7% Series A Second Lien Notes maturing in 2013. After this redemption, approximately $1.6 billion principal amount of the 2013 Series...
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How the SEC Turned $600 into $12 million
Wednesday, December 29, 2010 - 5:42pm | 998The Unnamed Trader Oil is so ridiculously huge... How will you fare with $100+ oil? You might remember the “vanity” trade back in the early 2008. One as-of-yet named trader infamously became the first person to buy...
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Neutral Maintained on NYSE - Analyst Blog
Wednesday, December 29, 2010 - 5:00pm | 711Last week, we maintained our recommendation on NYSE Euronext Inc. (NYX) at Neutral, based on its disciplined expense management and improved cash flows, partially offset by weak top line growth. NYSE's third quarter earnings of 46 cents were three pennies ahead of the Zacks Consensus Estimate,...
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Neutral Maintained on NYSE - Analyst Blog
Wednesday, December 29, 2010 - 4:27pm | 711Last week, we maintained our recommendation on NYSE Euronext Inc. (NYX) at Neutral, based on its disciplined expense management and improved cash flows, partially offset by weak top line growth. NYSE's third quarter earnings of 46 cents were three pennies ahead of the Zacks Consensus Estimate,...