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Stock Market News for March 12, 2010 - Market News
Friday, March 12, 2010 - 9:49am | 426A rally in the final hour of trading helped U.S. stocks register slim gains Thursday and pushed the Standard & Poor’s 500 index and NASDAQ to 18-month highs even as latest economic releases from U.S. and China and crippling strikes on Greek streets disappointed investors. The Dow Jones...
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3-10-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, March 10, 2010 - 12:51pm | 2537Stocks are higher on China data and M&A activity Stocks are moderately higher after data showed Chinese exports and imports grew faster than expected and after a slew of new corporate deals overshadowed an unexpected drop in January wholesale inventories. Total wholesale inventories slipped 0.2...
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Company News for March 10, 2010 - Corporate Summary
Wednesday, March 10, 2010 - 10:28am | 189• Facet Biotech (NASDAQ:FACT) agreed to its purchase by Abbott Labs (NYSE:ABT) for $722 million or $27 per share. • American Eagle Outfitters (NYSE:AEO) announced plans to shutter all 28 Martin & Osa stores. The company is due to report results today, with fourth quarter earnings of 33 cents...
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Stock Market News for March 10, 2010 - Market News
Wednesday, March 10, 2010 - 10:23am | 453Stocks seesawed between gains and losses on the one-year anniversary of March 2009 lows, but managed to end the day slightly higher on strength in financial and telecommunication shares. Although March 2009 was exceptional when socks hit their nadir and there was panic all over, markets have since...
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Stock Market News for March 9, 2010 - Market News
Tuesday, March 9, 2010 - 10:17am | 412U.S. stocks started the week on a mixed note before ending the day little changed as investors appeared less enthusiastic about the strength of the economic recovery. Traders appeared concerned about President Obama’s push for the health care overhaul and reacted with caution to a fresh round of...
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Corporate Charity Gets Hit By Economic Woes (KO, MET, XOM, WMT, GE, WFC, CAT, AA)
Saturday, March 6, 2010 - 10:23pm | 208According to a recent report released by Reuters, Only four out of the top ten philanthropic companies said that the dollar value of their donations increased in 2009. The dollar value remained same for two companies while it dropped for the remaining four corporations. Coca-Cola (NYSE: KO),...
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GE CEO Receives Higher Salary: Declines Bonus (GE)
Friday, March 5, 2010 - 7:48pm | 139Jeffrey Immelt, General Electric (NYSE: GE) chief executive officer and chairman, has refused to take a bonus for a second consecutive year. However, his compensation package showed a marginal increase from $9.28 million to $9.89 million for 2009. He had received $14.29 million in 2007. In an...
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Stocks That Could Sell-Off In Short Term (F, TXT, XTO, WLT)
Thursday, March 4, 2010 - 8:27pm | 168CNBC's Fast Money veteran trader Gary Kaminsky talked on the show about a possible influence that taxable gains could have on stock prices. If an investor is holding a stock for more than a year, he or she qualifies for long-term taxable gains. Long term capital gains are taxed at a lower rate then...
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Happy Anniversary (SPX, GE, BAC)
Thursday, March 4, 2010 - 4:05pm | 254March marks two imporant anniversaries in the stock market. However, depending on where you bought or sold, a celebration may or may not be warranted. Last March the stock market put in its bottom. On March 6, 2009, the S&P 500 (SPX) hit an intraday low of 666 (Freaky Friday) before rebounding...
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KeyBanc Capital Markets Reiterates McDermott International (MDR) Buy Rating
Wednesday, March 3, 2010 - 12:05pm | 154KeyBanc Capital Markets analysts Tahira Afzal, Matt Tucker and Mark Aydin reiterated their Buy rating for shares of McDermott International, Inc. (NYSE: MDR) with a price target of $33. Following the McDermott International 4th quarter 2009 earnings call, the analysts lowered their 2010 earnings...
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Bright Prospects For McDermott (MDR)
Tuesday, March 2, 2010 - 3:10pm | 101Pritchard Capital partners reports that McDermott International (NYSE: MDR) is well positioned for the coming year, given that it has exposure to government spending and offshore upstream oil and gas development. McDermott’s reported EPS of $0.42 is well above the consensus of $0.39. The company’s...
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Unusual Movements Expected In These Shares (BAC, BMY, DBRN, MDR, PCG)
Tuesday, March 2, 2010 - 9:45am | 309The following shares may experience unusual movement, according to Bloomberg. The U.S. Treasury department has set March 3 as the date for the auction of the warrants received in return for the support of $45 billion for Bank of America Corp. (NYSE: BAC) as part of the Troubled Asset Relief...
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U.S Manufacturing Grew for Seventh Straight Month
Monday, March 1, 2010 - 3:42pm | 255According to Bloomberg, a report released today suggests manufacturing in February expanded for the seventh straight month, indicating a sustained U.S economic recovery. A leading Supply Chain Index declined to 58 from 58.4 in February, however, a value above 50 signals expansion. Factories are...
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U.S Housing to Recover by 2011 – Warren Buffett
Monday, March 1, 2010 - 3:38pm | 271According to Bloomberg, Warren Buffett wrote to his Berkshire Hathaway (NYSE: BRK.A) shareholders in his annual letter that the U.S housing crisis in likely to be over by 2011. He said that the prices of the houses will mostly be below the ‘bubble’ level, but every seller of a U.S home will likely...
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Vivendi Narrows Its Net Loss (VIVDY)
Monday, March 1, 2010 - 1:13pm | 136Vivendi SA (OTC:VIVDY) narrowed its quarterly net loss by 32%. The entertainment company posted a $1.3 billion net loss for the quarter ended on Dec. 31, after providing $746 million for possible fines from U.S. lawsuits filed against it. Vivendi (VIVDY) reported 7.61 billion euros in revenue....