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Dollar Shows Strength, McDonald’s (MCD) Dips Down
Tuesday, December 8, 2009 - 7:57pm | 189Consequent to a poor guidance by 3M (NYSE: MMM), S&P 500 (.SPX) saw a decline of 1.03% today. McDonalds (NYSE: MCD) also reported a decrease in monthly sales figures for the second consecutive month. However, CNBC’s Fast Money traders focused their attention on the rise of the Greenback. The...
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Bryant Gumbel declares during “Regis” About His Operation For Lung Cancer 2 Months Ago
Tuesday, December 8, 2009 - 1:24pm | 114Gumbel, 61, was guest-hosting "Live! with Regis and Kelly," filling in for Regis Philbin, who recently underwent successful hip replacement surgery. During the show he surprised the audience when he declared that he had cancer surgery two months ago to remove a malignant tumor on his lung. Gumbel...
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Volatility Seller in Comcast
Tuesday, December 8, 2009 - 12:57pm | 122Comcast (NASDAQ: CMCSA), who recently purchased NBC Universal from General Electric (NYSE: GE) is receiving a large option sale this morning in an action reminiscent to the recent call on Yahoo’s Vol by Goldman. One trader is selling the $20 straddle in Jan 2011 in an effort to call a top (or at...
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McDermott to Spin-Off Nuclear Unit - Analyst Blog
Tuesday, December 8, 2009 - 11:33am | 453Energy-focused engineering and construction firm, McDermott International Inc. (MDR) announced plans to separate its power generation business from its offshore oil and gas services business, thereby creating two independent, publicly traded companies. McDermott will spin-off The Babcock &...
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Benzinga’s Top Upgrades (SYY, MTB, FST, JASO, MDR, AGU)
Tuesday, December 8, 2009 - 10:49am | 215SYSCO Corporation (NYSE: SYY) was today upgraded by Citi from Hold to Buy and has raised the price target of $34 from $28. SYY is now trading at $28.67, 0.7% up. So far in 2009, SYY gained over 24%. M&T Bank Corporation (NYSE: MTB) climbed 2.59% to $63.02. Today, SunTrust upgraded M&T Bank...
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Company News for December 08, 2009 - Corporate Summary
Tuesday, December 8, 2009 - 10:15am | 234• Boeing (NYSE:BA) much-awaited first Dreamliner flight is likely to happen as early as next week • Cadbury (NYSE:CBY) may formally reply to Kraft's (NYSE:KFT) $16 billion bid on December 14 • CF Industries (NYSE:CF) increased its hostile bid for Terra Industries (NYSE:TRA) to $36.75 from $32 cash...
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Benzinga’s Top Pre- Market Losers (CELG, KR, MMM, MCD)
Tuesday, December 8, 2009 - 9:58am | 218Celgene Corporation (NASDAQ: CELG) decreased $2.68 or 4.83% to $52.85 after Celgene on Monday said that a trial of its cancer drug Revlimid showed it reduced the risk of disease progression in newly diagnosed patients with multiple myeloma by 50 percent, a result that could lift sales of the...
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Barron’s Says Comcast (CMCSA) A Bargain Buy, Pending Its Acquisition Of NBC Universal
Monday, December 7, 2009 - 11:42am | 103Comcast Corporation (NASDAQ: CMCSA) announced that it is acquiring NBC Universal from General Electric Company (NYSE: GE). Barron’s noted that a deal has been engineered to enhance Comcast's investment appeal sharply. The deal creates a joint venture that will be 51% owned by Comcast and will be...
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Benzinga’s Top Pre- Market Gainers (SNTS, AKAM, NVDA, AGU, MDR, SPWRA)
Monday, December 7, 2009 - 9:44am | 264Santarus, Inc. (NASDAQ: SNTS) climbed 8.23% to $5.35 after SNTS announced that the U.S. Food and Drug Administration (FDA) has approved the Company`s New Drug Application (NDA) for immediate-release omeprazole/sodium bicarbonate/ magnesium hydroxide tablets in 40 mg and 20 mg dosage strengths of...
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General Electric (GE) Agrees to Buy $345m Advertisement from NBC
Monday, December 7, 2009 - 7:51am | 119General Electric Co. (NYSE: GE)has promised to buy at least $345m in advertising from NBC Universal over five years after selling a controlling stake in the entertainment company to Comcast Corp., according to a regulatory filing. GE pledged to buy at least $59m worth of ads in the new NBC...
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Dividend Aristocrats Index Making Changes (CTAS, BBT, PFE, GE)
Monday, December 7, 2009 - 5:46am | 220The Standard & Poor's Dividend Aristocrats Index should be a place where investors can find some of the best dividend payers around, but the index has inlcuded some dubious members recently. Considering that companies must raise their payouts for at least 25 consecutive years to included, the...
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MMM Executes Well, Upside to 2010 Expectations
Friday, December 4, 2009 - 3:29pm | 116Analysts at Citi Investment Research & Analysis maintain their “hold” rating on 3M Co (NYSE: MMM). The target price for MMM is set to $84. According to Citi Investment Research & Analysis, 3M has begun to see stabilization in its businesses. Recent industry results suggest that North...
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Capital Redeployment Key Issue For General Electric (GE)
Friday, December 4, 2009 - 3:12pm | 160Deutsche Bank’s (NYSE: DB) company update on General Electric (NYSE: GE) reiterated its HOLD call, while noting that the NBC Universal (NYSE: GE) stake sale is in line with GE’s strategy. The deal with Comcast (NASDAQ: CMCSA) gives GE the right to exit in equal installments and the JV’s capacity to...
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G.E. (GE) Announces That Comcast (CMSA) Will Get NBC
Friday, December 4, 2009 - 9:22am | 131The General Electric Company (NYSE: GE) announced after nine months of grueling talks that NBC Universal would go to Comcast Corporation (NASDAQ: CMCSA). Comcast is the largest cable operator in the US. The deal valued NBC Universal at $30 billion, with GE owning 49% and Comcast the remaining...
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Comcast (CMCSA) On An Upward Trajectory
Thursday, December 3, 2009 - 6:04pm | 304After a long period of uncertainty, Comcast (NASDAQ: CMCSA) has finally hit the turning point with the successful completion of the NBC deal. This acquisition will increase free cash flow for Comcast and higher FCF is expected to increase the valuation. Increased dividend and share buyback plans...