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Company news for January 14, 2010 - Corporate Summary
Thursday, January 14, 2010 - 10:26am | 176• Goldman Sachs (NYSE:GS) said Apple (NASDAQ:AAPL) is likely to unveil its new iPhone as soon as June, with a more advanced camera and perhaps a touch-sensitive casing • Rio Tinto (NYSE:RTP) reported a 49% surge in iron ore production, beating its prior projections, to 47.2 million tonnes in the...
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Citigroup Says Valuation Not In Favor Of ACL
Thursday, January 14, 2010 - 8:57am | 64Citigroup downgraded its ratings for Alcon (NYSE: ACL) from “buy” to “hold.” Citigroup’s downgrade is based on valuation. ACL’s shares slipped 0.14% to close at $153.24. In after-hours trading, ACL’s shares climbed to $153.34, reflecting a 0.06% gain. The target price for ACL has been reduced...
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Alcon (ACL), Novartis (NVS), Nestle (NSRGY) Sued By Pension Fund
Wednesday, January 13, 2010 - 1:45pm | 173Massachusetts Bricklayers And Masons Trust Funds, a $95 million pension fund based in Massachusetts, sued Alcon Inc (NYSE: ACL), Novartis AG (ADR) (NYSE: NVS) and Nestle S.A. (OTC: NSRGY) in connection to a deal that the fund claims discriminates against minority shareholders. The suit, filed in...
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Alcon (ACL) CEO To Recuse Himself, (NVS)
Wednesday, January 13, 2010 - 12:54pm | 112Kevin Buehler, CEO of Alcon Inc. (NYSE: ACL) said that he will likely recuse himself from any decisions regarding efforts by Novartis AG (ADR) (NYSE: NVS) to acquire the Swiss eye care company, citing a conflict of interest. Kevin Buehler said that he has a conflict since Novartis has named him to...
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Novartis (NVS) To Raise Bid For Alcon (ACL)
Wednesday, January 13, 2010 - 9:39am | 105Novartis AG (ADR) (NYSE: NVS) is expected to increase its bid to minority shareholders in the eyecare group Alcon Inc. (NYSE: ACL). Novartis is offering 2.8 of its own shares for each outstanding share in Alcon, valuing the outstanding 23 percent of the U.S. group at about $147 per share. The...
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Market Round-Up (INTC, WMT, ACL, NVS, NSRGY.PK, KBH)
Tuesday, January 12, 2010 - 3:37pm | 276Intel (NASDAQ: INTC) and Microsoft (NASDAQ: MSFT) are working on smart-sign technology. This technology will enable signs, equipped with cameras and special software, to gauge the age and gender of people standing in front of them and show targeted advertising. Wal-Mart (NYSE: WMT) may be looking...
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Immucor Inc. (BLUD) Announces Fiscal Second Quarter Results
Thursday, January 7, 2010 - 12:29pm | 108Immucor, Inc. (NASDAQ: BLUD), a global leader in providing automated instrument-reagent systems to the blood transfusion industry, has reported financial results for its fiscal 2010 second quarter ended November 30, 2009. Immucor, Inc. repurchased approximately 300,000 shares of its stock during...
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Stock Market News for January 05, 2010 - Market News
Tuesday, January 5, 2010 - 10:06am | 409U.S. stocks started the new year on a positive note as optimism on the manufacturing front and corporate deal-making boosted investors’ appetite for riskier assets. A weak dollar also helped the broader market as the major indexes gained at least 1.5%, holding on to gains recorded in early trading...
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Company News for January 04, 2010 - Corporate Summary
Monday, January 4, 2010 - 10:07am | 188• European shares are up on merger news. Novartis (NYSE:NVS) took steps to acquire the rest of Alcon (NYSE:ACL) from Nestle for $28.1 billion, noting intentions to purchase the remaining shares • Media reports said Kraft Foods (NYSE:KFT) will raise its hostile bid for Cadbury (NYSE:CBY). Some...
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Benzinga’s Volume Movers (ASPS, CLNE, KIRK, CRZO, MDCI)
Monday, December 14, 2009 - 3:32pm | 260Some of the stocks saw extraordinary trading today in the morning. Some of these companies are: Altisource Portfolio Solutions SA (NASDAQ: ASPS) shares moved up by 6.93% to $17.91. The volume of ASPS shares traded was 404% higher than normal. ASPS provides residential mortgage origination and...
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Dentsply (XRAY) Is a Solid Play
Monday, December 14, 2009 - 2:15pm | 96Bank of America has recently restarted its coverage of the world’s largest manufacturer of dental consumables, Dentsply (NASDAQ: XRAY). Dentsply is likely to benefit from growing dental needs of rising middle class in growing economies. In developed economies, it is expected to register solid...
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COO GM Prospects Bright
Wednesday, December 9, 2009 - 2:39pm | 126Analysts at JP Morgan maintain their "underweight" rating on The Cooper Companies Inc (NYSE: COO). The target price for COO has been raised from $19 to $34. COO has posted robust results for F4Q, with higher-than-expected sales. The Cooper Companies’ adjusted EPS of $0.67 met the consensus and the...
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Benzinga’s Top Gainers (JTX, RNWK, COO, S, CMTL)
Wednesday, December 9, 2009 - 12:02pm | 193Jackson Hewitt Tax Service Inc. (NYSE: JTX) has soared 18% to $4.87 on 1.31 million shares after Jackson Hewitt posted a narrower-than-expected quarterly loss, aided by lower costs, and said it will operate in more Wal-Mart Stores Inc locations than previously estimated. RealNetworks, Inc. (NASDAQ...
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Benzinga’s Top Upgrades (COO, ATK, MMM, UNT, LQDT, SQNM)
Wednesday, December 9, 2009 - 10:58am | 231The Cooper Companies, Inc. (NYSE: COO) was today upgraded by Wells Fargo to Outperform from Market Perform and raised the price target range to $41-$43 from $28-$30. COO is now trading at $37.35, 10.11% up. So far in 2009, COO has gained over 129%. Alliant Techsystems Inc. (NYSE: ATK) fell 0.56% to...
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Top 5 Small-Cap NASDAQ Stocks with Highest EPS (ttm) (NWLI, ESGR, FCNCA, ATRI, KTII)
Wednesday, December 9, 2009 - 9:20am | 169Below are the top 5 small-cap stocks on the NASDAQ in terms of EPS (ttm). The trailing-twelve-month EPS for National Western Life Insurance Company (NASDAQ: NWLI) is $12.01. NWLI’s market capitalization is $621.7 million. NWLI’s shares have risen by 9.07% over the past 52-weeks, as compared to a 22...