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Ecuador: Correa’s Play for Greater Influence in the Oil Sector
Friday, April 23, 2010 - 8:25am | 2000Summary Ecuadorean President Rafael Correa is pressuring foreign oil investors to change from production-sharing agreements to service contracts, or else face expropriation. Correa is looking to enhance the state’s authority over oil revenues and thus enhance his own political security, but is...
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Insteel Industries (IIIN) Shares Fall 3% On Poor Outlook
Thursday, April 22, 2010 - 2:13pm | 137Insteel Industries, Inc. (Nasdaq: IIIN) released quarterly financial results on Thursday morning that were in line with Wall Street expectations but provided negative annual outlook. Insteel Industries reported that it swung to a fiscal 2nd quarter profit of $1.6 million, or 9 cents per share, from...
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Gold Man, Gold Bug, Golden Opportunity, Goldman Sachs (NYSE:GS)
Thursday, April 22, 2010 - 1:38pm | 1796The big news in the markets and media is Goldman Sachs (NYSE:GS), just charged with a fraud suit that alleges they didn’t disclose material information about a CDO they packaged and sold in 2008. The stock promptly sold off to the tune of 15% (down nearly $30, to $155) before rebounding to settle...
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Statoil Hires New Rig for NCS - Analyst Blog
Friday, April 16, 2010 - 1:45pm | 344Norwegian state-owned integrated oil and gas company Statoil ASA (STO) has signed a five-year contract with Seadrill Management for a newly built jack-up for the development of the Norwegian Continental Shelf (NCS). The value of this contract is $650 million. Currently under construction in...
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Company News for April 16, 2010 - Corporate Summary
Friday, April 16, 2010 - 9:45am | 251• Google (NASDAQ:GOOG) reported first quarter results of $6.76 ex-items up 31% from year-earlier results of $5.16 and topping estimates of $6.58 on a 23% rise in revenues to $6.77 billion. • Advanced Micro Devices (NYSE:AMD) posted a surprise profit of 9 cents ex-items, above consensus projections...
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Universal Forest Products, Inc. (UFPI) Reports $1 Million In First-Quarter Profit
Wednesday, April 14, 2010 - 5:53pm | 80Universal Forest Products, Inc. (NASDAQ: UFPI) reported its first-quarter results today. The company reported profit of $1 million, or $0.05 per share in the quarter. For the same period last year, the company had reported a net loss of $1.2 million, or $0.06 per share. Revenue came in at $393...
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Stocks That Created New 52-Week Highs (AAON, ACOR, ADTN, ADVS, ATSG)
Wednesday, April 14, 2010 - 3:28pm | 176AAON Inc (NASDAQ: AAON) shares added 1.65% to create a new 52-week high of $23.47. Analysts at Standpoint Research initiated coverage of AAON with a “buy” rating. Acorda Therapeutics Inc (NASDAQ: ACOR) shares gained 7.05% to $37.68, creating a new 52-week high. ACOR is expected to achieve 119.4%...
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Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
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Stock Market News – Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Chevron (NYSE:CVX)
Friday, April 9, 2010 - 12:49pm | 984It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS). According to the data released by the Federal Reserve Bank of New York,...
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Brian Kelly Likes NWL And AWI
Tuesday, April 6, 2010 - 7:24pm | 253Brian Kelly said in an interview on CNBC's Fast Money Final Call that he likes Newell Rubbermaid Inc. (NYSE: NWL) and Armstrong World Industries, Inc. (NYSE: AWI). Brian Kelly thinks that Newell Rubbermaid Inc. (NWL) is in a good position to profit from a rising dollar. He especially likes the fact...
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“Mad Money Lightning Round:” Jim Vouches For ACOM, JPM, OC, FITB, DD, HAL
Tuesday, April 6, 2010 - 7:33am | 303In his "Mad Money Lightning Round," Jim Cramer said that MGM Mirage (NYSE: MGM) does not have a good balance sheet. As travel is making a comeback, traders can speculate through Wynn Resorts (NASDAQ: WYNN), which is the best in the industry. Jim said that although trading in MetroPCS...
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Wind Power Stocks are Spinning
Monday, April 5, 2010 - 2:54am | 888Do you know when the first use of a windmill was recorded? It was first utilized in the 1st Century AD. Can you guess what it was used for? It was used to power an organ. Some facts about wind power:1. Wind power generation went up over 300% between 2000 and 2006.2. It provides 20% of electricity...
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SanDisk Poised for Growth - Analyst Blog
Thursday, March 25, 2010 - 10:45am | 417Leading flash memory producer and hard disk manufacturing company SanDisk Corporation (SNDK), has declared that a leading Chinese manufacturer of portable computers, e-book readers and other consumer electronics products named Malata; Wanlida Group Co. Ltd, has selected SanDisk’s 16-gigabyte (GB)...
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EUR/USD Falls on European Fiscal Concerns
Thursday, March 25, 2010 - 2:47am | 1552EUR/USD Falls on European Fiscal Concerns The Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone's smaller countries. That supported some safe-haven flows into...
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EUR/USD Falls on European Fiscal Concerns
Thursday, March 25, 2010 - 2:47am | 1552EUR/USD Falls on European Fiscal Concerns The Dollar rallied broadly, while the EUR fell to 10-month lows on Wednesday, as a ratings firm downgraded Portugal, adding to worries over debt sustainability and growth in some of euro zone's smaller countries. That supported some safe-haven flows into...