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Carl Icahn Approves Of CIT Group (CIT) Hiring John Thain
Monday, February 8, 2010 - 5:40pm | 190Investor Carl Icahn voiced his support for John Thain's hiring as Chief Executive of CIT Group, Inc. (NYSE: CIT). "He's a very good pick for the job," Icahn said. "Thain has a pretty good history of operations and making things happen." Icahn said that CIT Group has "great" lending platforms that...
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CIT Group Names John Thain New CEO (CIT)
Monday, February 8, 2010 - 2:18pm | 203Disgraced former Merrill Lynch CEO, John Thain, is taking over the top job at troubled lender CIT Group (NYSE: CIT). Thain will be paid a $500,000 salary and be granted restricted shares that would have a current value of $5.5 million. CIT (CIT) emerged from bankruptcy in December after eliminating...
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CME Group Upgraded At Jefferies (CME)
Monday, February 8, 2010 - 1:30pm | 83Stock of CME Group, (NASDAQ: CME) was upgraded at Jefferies & Co. today from a hold to a buy. The shares have risen 1.05% during the trading session and volume is heavier than usual in the name. The stock is currently changing hands for $284.26 on the Nasdaq Exchange. CME Group Inc., formerly...
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NDAQ Profits Drop, Exceed Expectations
Monday, February 8, 2010 - 11:32am | 162The fourth-quarter earnings at Nasdaq OMX Group Inc (NASDAQ: NDAQ) fell 28% on one-time items and a decline in revenues. But the results edged up the analysts' forecasts. The New York-based company reported profits of $43 million, or $0.20 a share, down from $60 million, or $0.28, a year earlier....
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Earnings Roundup (NDAQ, LO, NTE, FBNC)
Monday, February 8, 2010 - 10:27am | 314NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) reported today a fourth quarter net income of $43 million, or $0.20 per share, as compared to $35 million, or $0.17 per share, for the same quarter last year. Revenues decreased to $686 million as compared to $901 million in the year ago period. Analysts had...
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Benzinga’s Top Pre-Market Gainers (HBAN, DDSS, CIT, HAS, AMZN, CRUS, ALSK)
Monday, February 8, 2010 - 9:44am | 344Huntington Bancshares Incorporated (NASDAQ: HBAN) increased 1.30% to $4.69 in the pre-market session. The 52-week trading range for HBAN is $1.00 - $6.18. In the last year, HBAN has gained over 96%. Huntington Bancshares closed at $4.63 in the previous trading session. Labopharm Inc. (NASDAQ: DDSS...
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John Thain, ex- Merrill Chief To Lead CIT (CIT, BAC)
Monday, February 8, 2010 - 9:20am | 162CIT Group Inc. (NYSE: CIT), the commercial lender, appointed John Thain as its chief after a four month replacement search. John Thain, as some may remember, was the ousted chief of Merrill Lynch & Co. Thain is 54 and has been appointed as the chairman and CEO of CIT with immediate effect,...
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Earnings Preview: The NASDAQ OMX Group (NDAQ) Hasn't Flinched Yet
Friday, February 5, 2010 - 4:39pm | 122Will The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) manage to meet earnings expectations for the fifth time in a row? Investors will know at noon EST on Monday, February 8th, when the stock exchange operator posts its fourth quarter (2009) numbers. The NASDAQ OMX Group, Inc. is forecasted to earn $0.45...
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Stock Market News for February 5, 2010 - Market News
Friday, February 5, 2010 - 10:22am | 461An unexpected rise in jobless claims and lingering sovereign debt issues in Europe resulted in a massive selloff on Thursday, sending the blue-chip Dow average below the 10,000 mark for the first time since November. Commodities plunged as jittery investors propelled the dollar to a more than...
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CME Group Down After Missing Earnings Estimates (CME)
Thursday, February 4, 2010 - 3:25pm | 75Shares of CME Group (NASDAQ: CME) are experiencing a sharp sell off after missing analysts' earnings estimates. CME reported EPS of $3.37 per share, which was 6 cents worse than the First Call consensus of $3.43. Revenue came in at $667 million versus $667.2 million consensus estimates. CME Group...
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Company News for February 4, 2010 - Corporate Summary
Thursday, February 4, 2010 - 10:51am | 207• CIGNA (NYSE:CI) reported quarterly numbers of $1.03, versus Zacks estimates of 96 cents, and up from 49 cents a year ago on revenues of $4.64 billion. The company reaffirmed full year guidance of $3.75-$4.15 • Starwoods (NYSE:HOT) reported earnings of 51 cents a share, versus estimates of 22...
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Stock Market News for February 4, 2010 - Market News
Thursday, February 4, 2010 - 10:49am | 388Stocks lost steam after a two-day advance as a weak report on service industries and a mixed report on labor market worried investors. Lingering sovereign debt concerns and worries related to bank reforms kept traders off the buying table. The blue-chip Dow average, which jumped 230 points in...
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Benzinga’s Earnings Roundup (LNT, CI, MF, SE, CME)
Thursday, February 4, 2010 - 8:58am | 367Alliant Energy Corporation (NYSE: LNT) reported today a fourth-quarter net profit of $53.6 million, or $0.49 per share, as compared to $50.6 million, or $0.46 per share, in the year ago period. Revenue declined 3.1% to $854.9 million for the quarter. The 52-week trading range for LNT is $20.31 - $...
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Top 5 Stocks In The Financial Sector With The Highest 5-Y Earnings Growth (LPHI, NRF, PMACA, COHN, HIH)
Tuesday, February 2, 2010 - 7:25am | 230Below are the top 5 financial stocks on the NASDAQ and the NYSE in terms of 5-year earnings growth. The 5-year earnings growth at Life Partners Holdings Inc (NASDAQ: LPHI) is 124.4%. LPHI lost 35.83% over the past 52 weeks, as compared to a gain of 31.95% in S&P500. Read more on this stock. The...
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Top Narrow Based Indexes Today
Friday, January 29, 2010 - 3:36pm | 198The top performing narrow based indexes today are Uranium Stocks, which are up 3.4%, Laser Stocks, and Bill Collector Stocks. The Laser stock index has appreciated 3% and the Bill Collector names have gained 2.7% on an otherwise relatively flat and lackluster day in the markets. Leading the way in...