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Company News for September 15, 2010 - Corporate Summary
Thursday, September 16, 2010 - 7:33am | 656• MasterCard's (NYSE: MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its "buy" rating on Varian Semiconductor (NASDAQ: VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE: C) initiated coverage of General Electric (...
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Portfolio Recovery Associates, Inc. - Momentum
Thursday, September 16, 2010 - 2:03am | 468Portfolio Recovery Associates, Inc. (PRAA) recently rebonded from a key trend line to move trading within striking distance of its all-time high at $72.80. With a Q2 earnings surprise of 22% and a bullish next-year estimate, this Zacks #1 rank stock has some solid upward momentum. Company...
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ICE Link Launches C=C for its CDS - Analyst Blog
Tuesday, September 14, 2010 - 7:12pm | 764For the first time in the industry, IntercontinentalExchange Inc. (ICE) launched the Novation Consent=Confirmation (C=C) initiative through its ICE Link platform on Sept 12, in order to smoothen the credit default swap (CDS) processes in the market. Over the past year, regulators had been seeking...
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Malecki Law Announces Filing of a Defamation Complaint Against Moody's and CEO Raymond McDaniel
Tuesday, September 14, 2010 - 10:11am | 76Malecki Law announces the filing of a defamation complaint against Moody's (NYSE: MCO) and CEO Raymond McDaniel today for alleged false statements it made to discredit a whistleblower that testified before Congress, Former Moody's Analyst Eric Kolchinsky. As alleged in the complaint, Eric...
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ICE Link Launches C=C for its CDS - Analyst Blog
Monday, September 13, 2010 - 7:03pm | 551For the first time in the industry, IntercontinentalExchange Inc. (ICE) launched the Novation Consent=Confirmation (C=C) initiative through its ICE Link platform on Sept 12, in order to smooth the credit default swap (CDS) processes in the market. Over the past year, regulators had been seeking...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 6
Monday, September 13, 2010 - 7:30am | 2148Year 4, Week 6 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 66.7% (v 71.4% last week) 22 long bias: 19.4% (v 28.3% last week) 8 short bias: 13.9% (v 0.3% last week) [Note: Long bond and volatility...
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J.P. Morgan Maintains Overweight On CME Group (CME)
Monday, September 13, 2010 - 7:18am | 107J.P. Morgan is maintaining its Overweight rating on CME Group Inc. (NASDAQ: CME), after meeting with company management to discuss earnings prospects. It has a $370 price target on shares. In the research report, J.P. Morgan notes, "Opportunities increase conviction in 2011 consensus—valuation...
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Market Update (PM, MCO, CVBF)
Friday, September 10, 2010 - 1:15pm | 173Philip Morris International Inc (NYSE: PM) announced a hike in its quarterly dividend from $0.58 to $0.64 per share. The dividend is payable on October 8 to shareholders on record as on September 24. Moody's Corporation (NYSE: MCO) shares rose close to 5.5% after Piper Jaffray upgraded its stock...
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Company News for September 10, 2010 - Corporate Summary
Friday, September 10, 2010 - 10:06am | 911• National Semiconductor (NYSE: NSM) posted fiscal first quarter results of 36 cents a share, one cent below estimates, on revenues of $412 million, below consensus projections of $415 million. The company CEO noted, "In the near term, slower growth in our end markets and distribution channel,...
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Benzinga's Top Upgrades (NOK, RBS, ALL, MCO)
Friday, September 10, 2010 - 8:07am | 148Nokia Corporation (NYSE: NOK) was upgraded by RBC Capital from “sector perform” to "outperform." NOK’s’ shares closed at $9.76 yesterday. Nokia’s 52-week trading range is $8.00-$15.20. Citigroup upgraded Royal Bank of Scotland Group Plc (NYSE: RBS) from "hold" to "buy.” RBS’ shares closed at $14.82...
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Bookkeeping: Short Intituitve Surgical (ISRG) and NASDAQ OMX (NDAQ)
Thursday, September 9, 2010 - 2:59pm | 1140The list of stocks below their 20, 50, and 200 day moving averages after this hectic 6% rally in a week and a half is quite limited - only about 220 names that have any sort of decent volume to them and a market cap north of $300M. (list of losers here) Hence if they have an inability to rally...
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Note Offering from Unum Group - Analyst Blog
Thursday, September 9, 2010 - 12:06pm | 693Unum Group (UNM) sold senior unsecured notes worth $400 million bearing a coupon of 5.625% and maturing on June 15, 2020. The company increased the offer size from $300 million planned earlier. Unum Group offered the debentures at 99.879% of face value to yield 5.641% if held till maturity. ...
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Zacks Analyst Blog Highlights: Airgas, Air Products & Chemicals, NYSE Euronext, Goldman Sachs Group and NCI Building Systems - Press Releases
Thursday, September 9, 2010 - 8:12am | 2069For Immediate Release Chicago, IL – September 9, 2010 – Zacks.com Analyst Blog features: Airgas Inc. (ARG), Air Products & Chemicals Inc. (APD), NYSE Euronext Inc. (NYX), Goldman Sachs Group Inc. (GS), and NCI Building Systems Inc. (NCS). Get the most recent insight from Zacks Equity Research...
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Aon Prices Senior Notes - Analyst Blog
Wednesday, September 8, 2010 - 6:15pm | 971To finance the acquisition of Hewitt Associates, Inc. (HEW), Aon Corporation (AON) has priced its public offering of senior unsecured notes aggregating $1.5 billion. Aon anticipates closing the notes offering subject to customary closing conditions on September 10. Aon will sell its notes in...
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NYSE, APX JV Forms NYSE Blue - Analyst Blog
Wednesday, September 8, 2010 - 6:15pm | 477In an attempt to enhance its global environmental energy business, NYSE Euronext Inc.’s (NYX) Paris-based carbon credits spot market BlueNext entered into a joint venture (JV) with a U.S.-based private entity, APX Inc. to build NYSE Blue. The deal is anticipated to culminate by the end of 2010,...