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Morning Market Movers
Wednesday, July 6, 2011 - 9:52am | 130Bank of the Carolinas Corporation (NASDAQ: BCAR) climbed 63.46% to $1.70 at 9:50 am. BCAR shares have dipped 73.06% over the past 52 weeks, while the S&P 500 index has gained 30.14% in the same period. Wowjoint Holdings Limited (NASDAQ: BWOW) shares gained 17.45% to $1.75. BWOW shares have...
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Brooklyn Federal Bancorp, Inc. Receives Nasdaq Notices
Tuesday, July 5, 2011 - 11:02am | 184Brooklyn Federal Bancorp, Inc. (Nasdaq: BFSB) today announced that on June 28, 2011, it received a deficiency letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC indicating that the Company was not in compliance with the requirements for continued listing under Nasdaq...
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The PMI Group, Inc. Announces Termination of Contingencies Permitting it to Recognize in its Financial Statements the Value of the Contingent Promissory Note Received in Connection with the PMI Australia Sale
Tuesday, July 5, 2011 - 9:05am | 196The PMI Group, Inc. (NYSE: PMI) announced today that QBE Insurance Group Limited has waived the right to make deductions to the value of the contingent promissory note (the "QBE Note") received from QBE in connection with the 2008 sale of PMI Australia to QBE. As a result of the termination of...
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J.P. Morgan Maintains Neutral Rating On New York Community Bank
Tuesday, July 5, 2011 - 8:06am | 94According to J.P. Morgan, New York Community Bank (NYSE: NYB) Neutral rating is maintained. J.P. Morgan said that it recently met with NYB's CEO, Joseph Ficalora and CFO, Tom Cangemi. “Management indicated a commitment to maintaining the dividend and pointed to the bank working through the...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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CHINA SERVICES PMI DROPS TO 57 IN JUNE
Monday, July 4, 2011 - 8:14am | 151Growth in China's non-manufacturing sector continued to slow down in June, with the sector's Purchasing Managers Index (PMI) seeing a sharp decline, the China Federation of Logistics and Purchasing (CFLP) said Sunday. The non-manufacturing sector's PMI, a key economic indicator, … Continue reading...
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CHINA SERVICES PMI DROPS TO 57 IN JUNE
Monday, July 4, 2011 - 8:14am | 158Growth in China's non-manufacturing sector continued to slow down in June, with the sector's Purchasing Managers Index (PMI) seeing a sharp decline, the China Federation of Logistics and Purchasing (CFLP) said Sunday. The non-manufacturing sector's PMI, a key economic indicator, … Continue reading...
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Ocean Shore Holding Co. Announces Receipt of Regulatory Approval and Anticipated Closing Date for Acquisition of CBHC Financialcorp
Friday, July 1, 2011 - 2:46pm | 96Ocean Shore Holding Co. (Nasdaq: OSHC) announced today that it has received final regulatory approvals for its previously announced acquisition of CBHC Financialcorp, Inc. and its wholly-owned subsidiary, Select Bank. Subject to the satisfaction of customary closing conditions, the closing date for...
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First Defiance Financial Corp. Acquires Payak-Dubbs Insurance Agency
Friday, July 1, 2011 - 12:47pm | 177First Defiance Financial Corp. (NASDAQ: FDEF) announced today that its subsidiary, First Insurance & Investments, Inc., has acquired the business of Payak-Dubbs Insurance Agency, Inc., an independent property and casualty insurance agency with two office locations based in Maumee and Oregon,...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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June Chicago PMI Blows Past Expectations
Thursday, June 30, 2011 - 9:47am | 53The June Chicago Purchasing Manager Index (PMI) was just released, and results blew past expectations. The reading came in at 61.1 versus estimates of 54.0. Stocks are jumping after the release, with the Dow up 90 points, the NASDAQ is up 20 points and the S&P 500 is up 9 points.
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Mad Money Lightning Round: Cramer Advises Investors To Buy Illumina
Thursday, June 30, 2011 - 1:09am | 338On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hudson City Bancorp (NASDAQ: HCBK) "turned out to be far more controversial than I realized ... If you want a good regional, I suggest First Niagara Financial (NASDAQ: FNFG)." For Transocean (NYSE: RIG), he said, "I like it, a...
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UPDATE: Roche: Genentech Provides Update from FDA Hearing on Avastin for Metastatic Breast Cancer
Wednesday, June 29, 2011 - 4:13pm | 323Genentech, a member of the Roche Group (OTC: RHHBY), announced today that, during a U.S. Food and Drug Administration (FDA) hearing, the FDA's Oncologic Drugs Advisory Committee recommended that the FDA withdraw its approval of Avastin in combination with paclitaxel chemotherapy for previously...
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People's United Announces Final Results of Elections Regarding Danvers Bancorp Merger Consideration
Tuesday, June 28, 2011 - 10:44am | 183People's United Financial, Inc. (NASDAQ: PBCT) today announced the merger consideration to be received by Danvers shareholders in People's United's acquisition of Danvers Bancorp, Inc., which is expected to close on June 30, 2011. Based on final election results and applying the proration...