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New Data From Phase 2 Brain Cancer Study With Prophage Series G-200 (HSPPC-96) Shows Improved Overall Survival
Monday, June 6, 2011 - 9:05am | 310Agenus (Nasdaq: AGEN) today announced results from a Phase 2 clinical trial testing the Prophage Series G-200 vaccine (HSPPC-96; vitespen) in deadly recurrent brain cancer -- glioblastoma multiforme (GBM) -- in a poster presentation at the 47th Annual Meeting of the American Society of Clinical...
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First PacTrust Bancorp Announces the Acquisition of Gateway Bancorp
Monday, June 6, 2011 - 9:01am | 189First PacTrust Bancorp (NASDAQ: FPTB) announced today that it has entered into a definitive agreement to purchase all of the issued and outstanding shares of Gateway Bancorp, the privately held holding company for Gateway Business Bank, Cerritos, California. As part of the transaction, First...
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Puts Purchased on MGIC Investment Corporation
Friday, June 3, 2011 - 12:34pm | 117Shares of MGIC Investment Corporation (NYSE: MTG) are higher on the session by 0.07%, currently trading at $7.69. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...
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Goldman Sachs Brings Asset Allocation Savvy to Its 401K Plan
Friday, June 3, 2011 - 10:41am | 3868Retirement investing is a long term process. This report reviews The Goldman Sachs 401(k) Plan . We will discuss the investment choices and present the plan rating by MyPlanIQ. Current economic and market conditions are discussed in the context of the investment portfolios in the plan. We will...
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CHINA: MORE NEGATIVE NEWS
Friday, June 3, 2011 - 9:42am | 145The trend remains negative for most of China's economic news, underscoring the tightening measures to reign in inflation. The Purchasing Managers Index (PMI) of the manufacturing sector dropped 0.9 percentage points (pps) month-on-month to 52% in May, a 9-month low. … Continue reading → Related...
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Keefe, Bruyette & Woods Downgrades Viewpoint Financial To Market Perform
Friday, June 3, 2011 - 8:23am | 91According to Keefe, Bruyette & Woods, Viewpoint Financial (NASDAQ: VPFG) recently applied to convert the bank's charter to a national bank charter from a thrift charter. Keefe, Bruyette & Woods said that it believes these changes are due to the evolving commercial banking strategy and it...
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Piper Jaffray Reiterates Overweight Rating and PT on Radian Group
Friday, June 3, 2011 - 7:29am | 70According to a recent report, Piper Jaffray has reiterated an Overweight rating and a $7.50 price target on Radian Group (NYSE: RDN) after a recent breakdown of the company's portfolio. In the report, Piper Jaffray said, "A more in-depth analysis of Radian's Financial Guaranty portfolio reveals...
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Morning Market Losers
Thursday, June 2, 2011 - 9:58am | 101Exide Technologies (NASDAQ: XIDE) shares moved down 25.03% to $7.28 at 9:55 am. XIDE reported downbeat Q4 profit. Magyar Bancorp Inc (NASDAQ: MGYR) dipped 17.76% to $4.91. MGYR's trailing-twelve-month operating margin is 3.17%. Vera Bradley Inc (NASDAQ: VRA) shares dropped 13.33% to $41.31. VRS...
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U.S. ADP Severely Disappoints, Chinese Manufacturing Falls to 9 Month Low, European Manufacturing Slows Further
Wednesday, June 1, 2011 - 9:37am | 908A quite disappointing string of economic news today, but then again we had a slew of bad reports yesterday and as long as bailouts, handouts, and QE's are in the offing the market seems to brush it off. 2011 is shaping up very similar to 2010 with a late spring/summer slowdown in economic data -...
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Sterne Agee Comments on FFCH's Recent Sale
Wednesday, June 1, 2011 - 7:59am | 108According to a recent report from Sterne Agee, First Financial Holdings (NASDAQ: FFCH) recently announced the sale of its insurance subsidiary to Hub International Group. The insurance subsidiary sold for $38 million, which Sterne Agee views as reasonable and Sterne Agee maintains a Neutral rating...
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Top 4 Small-Cap Stocks In The Surety & Title Insurance Industry With The Highest Cash
Wednesday, June 1, 2011 - 1:13am | 135Below are the top small-cap surety & title insurance stocks on the NYSE and NASDAQ in terms of cash. Radian Group Inc (NYSE: RDN) had $5.88 billion in total cash and $1.34 billion in total debt for the latest quarter. MBIA Inc (NYSE: MBI) had $4.11 billion in total cash and $16.10 billion in...
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Previewing Today's Economic Reports
Tuesday, May 31, 2011 - 9:26am | 143Stock market futures are soaring on news of a potential second Greek bailout program, as well as better than expected economic news out of Japan. There are two important economic reports coming out in a little bit that will greatly impact the trading day. The most important number is the Chicago...
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UPDATE: Piper Jaffray Upgrades Radian Group to Overweight
Tuesday, May 31, 2011 - 7:20am | 146Piper Jaffray is out with its report today on Radian Group (NYSE: RDN), upgrading RDN from Neutral to Overweight. In a note to clients, Piper Jaffray writes, "While we have long held the opinion Radian Group perhaps lacked the strength of balance sheet to weather the credit crisis and the ongoing...
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Piper Jaffray Upgrades Radian Group To Overweight
Tuesday, May 31, 2011 - 6:06am | 25Piper Jaffray has upgraded Radian Group (NYSE: RDN) from Neutral to Overweight and maintains its $7.50 price target.
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Top 4 Small-Cap Stocks In The Mortgage Investment Industry With The Highest Dividend Yield
Tuesday, May 31, 2011 - 1:02am | 129Below are the top small-cap mortgage investment stocks on the NYSE and the NASDAQ in terms of dividend yield. Invesco Mortgage Capital Inc (NYSE: IVR) has a dividend yield of 17.60%. IVR's shares closed at $22.78 on Friday. Capstead Mortgage Corporation (NYSE: CMO) has a dividend yield of 12.40...