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AnchorBank Announces Conditional Approval of Capital Restoration Plan
Tuesday, September 7, 2010 - 12:13pm | 86Anchor BanCorp Wisconsin, Inc. (Nasdaq: ABCW) announced today that the Bank has received conditional approval of its capital restoration plan from its primary federal regulator, the Office of Thrift Supervision (OTS). In conjunction with this approval, the Board of Directors has executed a...
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The New Bank M&A Paradox
Friday, September 3, 2010 - 10:16am | 296(TheStreet) -- Bank consolidation is poised for a rebound, but getting a deal completed will become even more difficult for the foreseeable future. Regulators will be combing bank acquisition agreements with fine-tooth combs to carefully examine the impact of a deal on the acquiring institution,...
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America First Tax Exempt Investors Announces Funding of New Secured Credit Facility
Thursday, September 2, 2010 - 4:24pm | 98America First Tax Exempt Investors, L.P. (Nasdaq: ATAX), announced today that it has entered into a new long-term secured debt financing facility with Freddie Mac utilizing Freddie Mac's Tax-Exempt Bond Securitization or "TEBS" program. Proceeds from the TEBS Financing totaled approximately $95.8...
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Productivity Revised Lower, But PMI Growing – Huh?
Thursday, September 2, 2010 - 1:21pm | 1977I’m certainly not here to be a “Debbie Downer” and in all fairness, there could be some real positives in the latest round of economic data. Before I dive into productivity, however, it wouldn’t be a balanced argument if I didn’t fold in Wednesday’s unexpected jump in the Purchasing Managers’...
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Deutsche Bank Out With Potential Additions To S&P 500 (WLT, ASH, BWA, JEF, CXO)
Wednesday, September 1, 2010 - 3:46pm | 429Deutsche Bank is out with its report on company's it speculates could be added to the S&P 500 index. It posts a list of 25 companies, and the newest additions are Walter Energy (NYSE: WLT), Ashland (NYSE: ASH), which both made it to the top 10 of the list. BorgWarner (NYSE: BWA), Jefferies...
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WSB Holdings Director Buys 100,000 Shares of WSB
Wednesday, September 1, 2010 - 3:36pm | 51In a Form 4 filed earlier today, WSB Holdings Inc. (NYSE: WSB) Director, Michael Sullivan, reported that he purchased 100,000 shares of WSB on August 31st for an average price of $2.00. The transaction totaled $200,000. Mr. Sullivan owns 400,154 direct shares of WSB. Source: The Washington Service
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Early Morning Averages Update (DIA, SPY, QQQ)
Wednesday, September 1, 2010 - 9:54am | 156Stocks started off higher on Wednesday morning, after a better than expected reading in the China PMI data, and slowing job cuts in the United States. At last check, the Dow was up 113 points, the Nasdaq was up 28 points, and the S&P 500 was better by 13 points. At 9 p.m. last night, the...
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Benzinga’s Top Downgrades (VLY, HCBK, SKS, CF)
Wednesday, September 1, 2010 - 7:57am | 159Valley National Bancorp (NYSE: VLY) was downgraded by Morgan Stanley from “equal weight” to “underweight.” VLY’s shares closed at $13.03 yesterday. VLY’s earnings have fallen by 11.34% in the past 5 years. Morgan Stanley downgraded Hudson City Bancorp Inc (NASDAQ: HCBK) from "overweight" to "equal...
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Why We Need Fannie Mae And Freddie Mac
Monday, August 30, 2010 - 2:29pm | 800Fannie Mae (FNM) and Freddie Mac (FRE) are two of the most hated agencies on Wall Street. These quasi government agencies are blamed for much of the problems related to the housing crisis. They are criticized for backing risky loans and encouraging an environment of risk taking by guaranteeing...
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Why We Need Fannie Mae And Freddie Mac
Monday, August 30, 2010 - 2:29pm | 814Fannie Mae (FNM) and Freddie Mac (FRE) are two of the most hated agencies on Wall Street. These quasi government agencies are blamed for much of the problems related to the housing crisis. They are criticized for backing risky loans and encouraging an environment of risk taking by guaranteeing...
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St. Jude Joins Forces with Hansen - Analyst Blog
Friday, August 27, 2010 - 6:33pm | 479Medical devices giant St. Jude (STJ) has formed a strategic alliance with Hansen Medical (HNSN), a leader in medical robotics technology, to jointly develop products to treat heart rhythm disorders (arrhythmia) leveraging their proprietary technologies. The financial terms of the deal were not...
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North Central Bancshares, Inc. Declares Dividend of $0.01 (FFFD)
Friday, August 27, 2010 - 3:29pm | 67North Central Bancshares, Inc. (NASDAQ: FFFD) announced today that the Company's Board of Directors declared a cash dividend of $0.01 per share on its common stock to be paid on October 8, 2010 to shareholders of record as of September 17, 2010. North Central Bancshares, Inc. is the holding company...
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Medtronic Gets Canadian Approval - Analyst Blog
Friday, August 27, 2010 - 1:36pm | 372Medtronic (MDT) has received approval from Health Canada for ablation frontier cardiac ablation system, a radiofrequency ablation technology for the treatment of atrial fibrillation (AF). The device consists of the Genius multi-channel radiofrequency generator and the pulmonary vein ablation...
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Mid-Day Market Movers (GOK, GRB, DRL, JAS)
Thursday, August 26, 2010 - 10:57am | 147Geokinetics Inc (AMEX: GOK) climbed 36.83% to $5.35 at 10:39 am. GOK’s subsidiary has received a contract worth $110 million from Mexico's national oil company. Gerber Scientific Inc (NYSE: GRB) jumped 23.00% to $6.31. GRB has reported better-than-expected Q1 results, driven by a rise in orders,...
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Top Hedge Fund Stock Buys
Wednesday, August 25, 2010 - 9:52am | 316(TheStreet) -- Every quarter, the market monitors the 13F filings of institutional investors such as hedge fund managers and mutual funds to see what stocks the so-called "smart money" is getting into and out of. A 13F filing is a quarterly portfolio disclosure that every institutional investor...