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Bulls Checking Out CIT Group (CIT)
Wednesday, December 22, 2010 - 3:07pm | 128Shares of CIT Group Inc. (NYSE: CIT) are higher on the session by 0.71%, currently trading at $45.26. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short...
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Craig Effron and Curtis Schenker: Scoggin Capital Management
Wednesday, December 22, 2010 - 2:17pm | 661Craig Effron and Curtis Schenker are what David Einhorn was before the Lehman debacle- brilliant hedge fund managers generally flying under the media's radar. Head of Scoggin Capital Management, they invest in mergers, spinoffs, bankruptcies, and financially distressed companies through stocks...
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Keefe, Bruyette, & Woods Initiates KKR Financial Holdings At Outperform
Wednesday, December 22, 2010 - 7:50am | 28Keefe, Bruyette & Woods has initiated coverage on KKR Financial Holdings LLC (NYSE: KFN) with an Outperform rating and $11.50 price target.
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BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 7:03pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
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BB&T's Ratings Lowered by Moody's - Analyst Blog
Tuesday, December 21, 2010 - 6:34pm | 537On Monday, BB&T Corp.'s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company's weaker credit profile. Moody's cut BB&T's long-term deposit rating to “A1” from...
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NASDAQ OMX Announces Closing of $370M Offering
Tuesday, December 21, 2010 - 2:34pm | 72The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) today announced that it closed an underwritten public offering of $370 million aggregate principal amount of 5.250% Senior Notes due 2018. NASDAQ OMX applied the net proceeds from the notes offering to repay senior unsecured indebtedness that it incurred to...
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Nasdaq's Notes to Fund Buyback - Analyst Blog
Tuesday, December 21, 2010 - 11:33am | 841Nasdaq OMX Group Inc. (NDAQ) took two financial steps last week that included the repurchase of stock worth $497 million from Borse Dubai Ltd, and to raise funds for the repurchase, the company issued fixed interest senior notes worth $370 million, in the bond market. Borse Dubai is the state-...
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Nasdaq's Notes to Fund Buyback - Analyst Blog
Tuesday, December 21, 2010 - 11:15am | 841Nasdaq OMX Group Inc. (NDAQ) took two financial steps last week that included the repurchase of stock worth $497 million from Borse Dubai Ltd, and to raise funds for the repurchase, the company issued fixed interest senior notes worth $370 million, in the bond market. Borse Dubai is the state-...
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Moody's May Downgrade Portuguese Debt
Tuesday, December 21, 2010 - 10:27am | 144Moody's (NYSE: MCO) said it might downgrade Portuguese debt by one or two notches, just days after it said it might downgrade Spanish debt. “In Moody's opinion, Portugal's solvency is not in question,” said Anthony Thomas, Moody's lead analyst for Portugal. “But the likely deterioration in debt...
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Moody's Downgrades BB&T Debt (BBT)
Monday, December 20, 2010 - 4:13pm | 66Moody's Investors Services (NYSE: MCO) cut the ratings of BB&T Corp. (NYSE: BBT) debt to A2 from A1, citing concners as it shifts away from real estate into other asset classes. At last check, shares of BB&T were off 17 cents to $25.99, a loss of 0.65% on about 3.5 million shares.
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M&I to be Acquired by BMO - Analyst Blog
Monday, December 20, 2010 - 9:33am | 664On Friday, bailed out lender Marshall & Ilsley Corporation (MI) announced that it has entered into an agreement with the Canada based Bank of Montreal (BMO) under which BMO will acquire all the shares of M&I in a stock-for-stock deal valued at $4.1 billion. Under the terms of the deal,...
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M&I to be Acquired by BMO - Analyst Blog
Monday, December 20, 2010 - 9:11am | 664On Friday, bailed out lender Marshall & Ilsley Corporation (MI) announced that it has entered into an agreement with the Canada based Bank of Montreal (BMO) under which BMO will acquire all the shares of M&I in a stock-for-stock deal valued at $4.1 billion. Under the terms of the deal,...
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SPX Stuck with 1245 Resistance in Place 12-17-2010
Friday, December 17, 2010 - 6:54pm | 747Cusick's Corner The market stayed in this consolidative grind going into the After Hours. It was a fair and orderly Quad Witching, leaving us all with a lot of decisions to make over the weekend and into the holiday week. Right now the market is clearly stuck with overhead resistance in place, SPX...
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Zings Of The Day (MCO)
Friday, December 17, 2010 - 5:01pm | 104Moody's (NYSE: MCO) said it would cut Ireland's debt, and said there would be the potential for further downgrades. The Irish just said "Who cares?" and went back to drinking Irish carbombs. Congress passed the $858 billion tax bill, and sent it to President Obama to sign. By the time the bill...
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Benzinga's Political Roundup
Friday, December 17, 2010 - 1:28pm | 136Congress has passed the $858 billion tax plan and it is now being sent to President Obama for approval. Moody's (NYSE: MCO) cut Ireland's debt rating to Baa1, and warned of further downgrades. Visa (NYSE: V) and Mastercard (NYSE: MA) were hit hard yesterday, on a ruling from the Federal Reserve....