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GE Healthcare's AngioViz Vascular Vision Software Receives FDA Clearance
Thursday, June 9, 2011 - 11:52am | 62GE Healthcare (NYSE: GE) today announced the FDA clearance of AngioViz, an application that gives doctors a new visualization of vascular flow on a single image to help them make important decisions during complex interventional radiology procedures. AngioViz yields its information from Digital...
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Buyout Firms Vie for GE's Railcar Leasing Unit
Thursday, June 9, 2011 - 8:45am | 171Private-equity firms Warburg Pincus and TPG Capital are said to be cooperating on a bid for General Electric's (NYSE: GE) railcar leasing business, which has about $3 billion in assets. Private-equity firms Cerberus Capital Management and Apollo Global Management also reportedly have made bids....
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Goldman Sachs Provides Color on Educational Sector
Thursday, June 9, 2011 - 6:17am | 128Goldman Sachs provided color on the Educational sector. In a research report published today, Goldman Sachs commented on the final regulations on Gainful Employment, released by the US department of Education. In the report, Goldman states, "On June 2, the US Department of Education released the...
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Teleflex Incorporated Prices $250 Million Worth Of Notes
Wednesday, June 8, 2011 - 9:27am | 168Teleflex Incorporated (NYSE: TFX) (“Teleflex”) today announced that it priced its previously announced public offering of $250 million in aggregate principal amount of 6.875% senior subordinated notes (the “notes”) at an issue price of 100% of their principal amount. The sale of the notes is...
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Five ETFs Littered With Takeover Targets
Tuesday, June 7, 2011 - 2:33pm | 630Mergers and acquisitions activity has been on the upswing for over a year now and if you're looking for an ETF with which to play this theme, there is a specific fund devoted to M&A arbitrage, but the better bet is to identify sectors ripe for consolidation and use the relevant ETFs to isolate...
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GE, Capital One Reportedly Bid for ING Direct.
Tuesday, June 7, 2011 - 2:13pm | 113General Electric (NYSE: GE) and Capital One Financial (NYSE: COF) are reportedly battling to take over ING Group's U.S. online bank, which has some $81 billion in deposits. According to Bloomberg News, a deal for the Dutch lender's ING Direct USA business could raise about $9 billion and may be...
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MetCap Energy Selects GE's New FlexEfficiency Technology for the First Integrated Renewables Combined Cycle Power Plant
Tuesday, June 7, 2011 - 8:47am | 52GE's (NYSE: GE) FlexEfficiency* technology has been selected for a new power plant being developed by MetCap Energy Investments, a Turkish project developer, the two companies announced today at POWER-GEN Europe 2011. The project will produce the world's first Integrated Renewables Combined Cycle1...
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Goldman Sachs Changes PT Calcualtion Methodology for the Aerospace Sector
Tuesday, June 7, 2011 - 7:15am | 392Goldman Sachs changed its methodology for calculating price targets for the aerospace sector. In a research report published today, Goldman states, "We are rolling forward our Aerospace price target methodology of target P/E multiple to 2013 from 2012... Our framework now assumes a target 2013...
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GE Energy Invests in eSolar
Monday, June 6, 2011 - 4:01pm | 205GE Energy announced today that it has entered into an investment and licensing agreement with California-based eSolar that enables GE (NYSE: GE) to deploy Integrated Solar Combined Cycle technology to customers worldwide. eSolar is a provider of next-generation, tower-based concentrating solar...
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Markets Bounce Off Master Level
Monday, June 6, 2011 - 12:02pm | 267The markets sold off early in the session, tagging a master pivot low from April 18th, 2011. This low on the SPDR S&P 500 ETF (NYSE: SPY) was at $129.55. This level represents a short term major support for the market and it is very possible a multi day bounce will occur. In addition, sentiment...
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United Capital Corp. Announces Note Purchase of $22M
Monday, June 6, 2011 - 10:33am | 178United Capital Corp. (NYSE: AFP) today announced the purchase of a senior mortgage loan and mezzanine note from an affiliate of Fortress Investment Group encumbering the Radisson Hotel Nashua in Nashua, New Hampshire. The notes have combined outstanding obligations in excess of $22 million and are...
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GE Announces Harbin Electric to Bring FlexEfficiency* Technology to China
Friday, June 3, 2011 - 8:05am | 88GE (NYSE: GE) and Harbin Electric Co., Ltd. (NASDAQ: HRBN) today signed a memorandum of understanding in which HE agreed to purchase GE's newest gas turbine featuring FlexEfficiency* technology. As part of the MOU, HE plans to purchase four 9FB gas turbines from GE before the end of 2013,...
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Top 4 Small-Cap Stocks In The Rubber & Plastics Industry With The Lowest PEG Ratio
Friday, June 3, 2011 - 12:38am | 117Below are the top small-cap rubber & plastics stocks on the NYSE and the NASDAQ in terms of PEG ratio STR Holdings Inc (NYSE: STRI) has a PEG ratio of 0.47. STRI's trailing-twelve-month operating margin is 23.45%. Spartech Corporation (NYSE: SEH) has a PEG ratio of 0.61. SEH's trailing-twelve...
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Textron Marine & Land Systems to Build Armored Vehicles for Afghanistan National Army
Thursday, June 2, 2011 - 3:01pm | 242Textron Marine & Land Systems, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, today announced it has been awarded an Undefinitized Contract Action by the U.S. Army Contracting Command, Warren, Mich., to produce up to 440 Medium Armored Security Vehicles for the...
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Morgan Keegan Comments on Teleflex Unsecured Notes Offerings
Thursday, June 2, 2011 - 8:07am | 147On Wednesday evening, Teleflex (NYSE: TFX) announced a public offering of $250 mn senior unsecured notes due 2021, Morgan Keegan reports. “Teleflex plans to use $125 mn of the proceeds to prepay a term loan due in 2014 with the remaining funds to be used for general purposes,” Morgan Keegan writes...