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AMR Corp. Rises On Takeover Speculation (AMR)
Wednesday, March 30, 2011 - 12:12pm | 89Shares of AMR Corp. (NYSE: AMR) are rising on Wednesday with rumors of a possible private equity deal driving the activity. The stock has surged 3.80% to $6.82 on very heavy volume, but has retreated from its highs in the last 15 minutes. Around 21 million AMR shares have already traded hands...
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AMR Investigating Legitimacy of Takeover Offer from Sterling Global Holdings -CNBC (AMR)
Wednesday, March 30, 2011 - 10:49am | 26AMR Investigating Legitimacy of Takeover Offer from Sterling Global Holdings, According To David Faber On CNBC (NYSE: AMR).
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AMR Ticks Higher As Takeover Rumors Make The Rounds (AMR)
Wednesday, March 30, 2011 - 9:38am | 19AMR Ticks Higher As Takeover Rumors Make The Rounds (NYSE: AMR)
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ViroPharma Initiates Phase 2 Study of C1 Esterase Inhibitor for Treatment of Antibody-Mediated Rejection
Tuesday, March 29, 2011 - 10:56am | 53ViroPharma Incorporated (Nasdaq: VPHM) today announced initiation of a Phase 2 clinical study to evaluate the safety and efficacy of C1 Esterase Inhibitor for the treatment of acute antibody-mediated rejection (AMR) in recipients of donor-specific cross-match positive kidney transplants.
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Market at Point of Indecision 03-28-2011
Monday, March 28, 2011 - 3:15pm | 893Cusick's Corner The market is at a point of indecision, especially with the market digesting quite a move to the upside, hitting resistance at the very point in February where there was a glut of congestion and finally the lack of volume. Also the proverbial Canary in the coal mine is chirping,...
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Merger Arbitrage Mondays – March 28, 2011
Monday, March 28, 2011 - 3:52am | 4833Merger activity decreased last week with three new deals announced. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 39 Total Number of Deals Not Completed in 2011 1...
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Hudson Initiates Copa Holdings at Buy (CPA)
Thursday, March 24, 2011 - 9:09am | 123Hudson is out with its report today on Copa Holdings (NYSE: CPA), initiating CPA at Buy. In a note to clients, Hudson writes, "We are initiating coverage on Panama-based Copa Holdings with a Buy rating and a $68 target price based on shares trading at 12x our 2011 EPS estimate of $5.65. Shares are...
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Immunomedics Awarded Three US Patents Covering Its Cancer Therapeutic Product Candidates and Technologies
Thursday, March 24, 2011 - 8:43am | 190Immunomedics, Inc. (Nasdaq: IMMU)today reported that 3 US patents were awarded. US Patent 7,910,103 issued on March 22, 2010, with claims covering the treatment of a B-cell malignancy with a therapeutic comprising a human, humanized or chimeric anti-CD22 monoclonal antibody conjugated with a drug...
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Benzinga's Top Downgrades (HOLX, DGW, TAM, BAC)
Thursday, March 24, 2011 - 8:14am | 139Hologic Inc (NASDAQ: HOLX) was downgraded by Gleacher from "neutral" to "sell." HOLX's shares closed at $21.78 yesterday. Hologic's PEG ratio is 2.03. Rodman & Renshaw downgraded Duoyuan Global Water Inc (NYSE: DGW) from “outperform” to “market perform.” DGW's stock closed at $7.22 yesterday....
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AirTran Stockholders Approve Southwest Merger
Wednesday, March 23, 2011 - 11:15am | 79AirTran Holdings, Inc. (NYSE: AAI), the parent company of AirTran Airways, announced today that its stockholders voted overwhelmingly to approve the merger of a wholly-owned subsidiary of Southwest Airlines Co. (NYSE: LUV) with and into AirTran at a special meeting held today in Orlando. More than...
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Dahlman Rose Reports Fare Increases Will Not Be Enough For AMR Corporation
Wednesday, March 23, 2011 - 7:22am | 174In a report published by Dahlman Rose, AMR Corporation (NYSE: AMR) updated 1Q11 and 2011 investor guidance. Dahlman Rose said that jet fuel continues to pressure AMR's already razor thin margins, significantly impacting 2011 EPS outlook. “We acknowledge the pricing environment is improving, but...
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Southwest Airlines and Teamsters Union Announce Contract Ratification
Tuesday, March 22, 2011 - 4:37pm | 88Southwest Airlines (NYSE: LUV) and the International Brotherhood of Teamsters Airlines Division, representing the carrier's Material Specialists, announced today that the IBT membership ratified a mutually beneficial tentative agreement. The agreement is for a new, five-year contract through Aug...
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Green Service Companies Investors Should Be Watching
Tuesday, March 22, 2011 - 11:51am | 819By Stephanie Taylor Christensen “Being green” is en vogue. Retailers offer reusable cloth bags for shopping, and celebrities who drive hybrid vehicles are seen as being at the forefront of “cool culture.” Consumers have followed suit, and plan to do more of the same -- at least, that's what they...
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Continental Airlines Selects LiveTV and ViaSat Team to Provide Its Fleet of 737 and 757 Aircraft with TV Programming
Tuesday, March 22, 2011 - 11:47am | 92LiveTV, a wholly owned subsidiary of JetBlue Airways (JBLU), has signed a letter of intent with Continental Airlines, a subsidiary of United Continental Holdings, (NYSE: UAL) to provide Ka-band airborne connectivity. LiveTV expects to install the new service on Continental's fleet of more than...
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JetBlue and Virgin Atlantic Team Up on Transatlantic Travel
Tuesday, March 22, 2011 - 10:03am | 63JetBlue Airways (Nasdaq: JBLU) and Virgin Atlantic today announced the launch of a new transatlantic interline partnership. Effective today, travellers can connect from London, Glasgow and Manchester on Virgin Atlantic onward to JetBlue's domestic flights serving destinations including Baltimore...