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Teleflex Incorporated Announces Public Offering of $250 Million of Senior Subordinated Notes Due 2021
Wednesday, June 1, 2011 - 4:47pm | 102Teleflex Incorporated (NYSE: TFX) today announced the registered public offering, subject to market and other conditions, of $250 million of senior subordinated unsecured notes due 2021. The notes will be guaranteed by certain of Teleflex's subsidiaries on a senior subordinated unsecured basis. The...
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Comcast to Buy Blackstone's Stake in Universal Orlando
Wednesday, June 1, 2011 - 11:45am | 202Comcast Corp. (NASDAQ: CMCSA) plans to purchase Blackstone Group's (NYSE: BX) stake in Universal Orlando, sources familiar with the situation said Tuesday. Comcast is expected to pay between $1 billion and $1.5 billion for Blackstone's half of the theme park. In March, Blackstone offered to sell...
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Top 4 Large-Cap Stocks In The Conglomerates Industry With The Lowest PEG Ratio
Wednesday, June 1, 2011 - 1:11am | 118Below are the top large-cap conglomerates stocks on the NYSE and the NASDAQ in terms of PEG ratio Northrop Grumman Corporation (NYSE: NOC) has a PEG ratio of 0.87. NOC's trailing-twelve-month revenue is $34.58 billion. General Electric Company (NYSE: GE) has a PEG ratio of 0.98. GE's trailing-...
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Top Performing Industries For May 31
Tuesday, May 31, 2011 - 10:14am | 217At 10:10 am, the Dow rose 0.82% to 12,543.53, the broader Standard & Poor's 500 index moved up 0.73% to 1,340.88 and the NASDAQ composite index gained 0.72% to 2,816.98. The industries that are driving the market today are: Semiconductor - Specialized: This industry jumped 2.39% by 10:10 am....
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Mad Money Lightning Round: Cramer Likes Siemens
Friday, May 27, 2011 - 12:39am | 344On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Siemens (NYSE: SI) has “always been one of my favorites. A lot of people are worried about Germany but I'm not." For Lululemon Athletica (NASDAQ: LULU), he said. "That downgrade was pretty powerful. I don't agree with the sell...
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Carl Icahn: Bet On Me
Thursday, May 26, 2011 - 8:12am | 182Legendary investor Carl Icahn was the last speech to go on yesterday at the Ira Sohn Conference, and he gave his best idea: himself. He talked about how his investment vehicle, Icahn Enterprises, L.P. (NYSE: IEP) used to trade for $130 per share in 2007, but has since fallen to around $40 per...
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Five Oversold Sector ETFs To Consider
Wednesday, May 25, 2011 - 2:00pm | 565The recent market calamity is good for two things regarding ETF investing and trading. First, it has been a great time to get involved with inverse funds and profit from the declines. Second, this recent pullback has put some pretty good ETFs on sale. In an effort to do some shopping at a...
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Walmart Recalls GE Food Processors Due to Laceration and Fire Hazard
Wednesday, May 25, 2011 - 12:44pm | 85The U.S. Consumer Product Safety Commission, in cooperation with Walmart (NYSE: WMT) today announced a voluntary recall of General Electric (NYSE: GE) Food Processors. This recall involves GE-branded digital, 14-cup food processors. The safety interlock system on the recalled food processor can...
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Five Stocks for Bob Dylan's 70th Birthday
Tuesday, May 24, 2011 - 5:07pm | 866So Bob Dylan turned 70 years old today. But he's still going strong, still staying in the limelight. As widely reported in the past few days, in a previously unreleased interview from 1966, he admitted kicking a heroin habit. This iconic musician also has an upcoming show in Israel with Rickie Lee...
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GE to Accelerate Commercialization of Power Grid Technology by Acquiring FMC-Tech
Tuesday, May 24, 2011 - 9:48am | 179GE (NYSE: GE) announced today that it intends to acquire Ireland-based FMC-Tech. FMC-Tech is one of the dozen investments resulting from GE's 2010 ecomagination Challenge: Powering the Grid. On July 13, 2010, CEO Jeff Immelt announced GE's Ecomagination Challenge: Powering the Grid, a $200...
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Cree Popping 4% On GE News
Tuesday, May 24, 2011 - 9:33am | 100Cree, Inc. (NASDAQ: CREE) shares are popping this morning, gaining more than 4% on news that Canaccord Genuity says the company won General Electric's (NYSE: GE) replacement bulb business. At last check, shares of Cree were up $1.81 to $43.37, a gain of 4.35% on 100,000 shares this morning. Cree...
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Don't Look Now: IBM Ahead of Microsoft in Market Capitalization
Tuesday, May 24, 2011 - 6:12am | 222International Business Machines Corp. (NYSE: IBM), following the lead of Apple (NASDAQ: AAPL), has pulled ahead of Microsoft (NASDAQ: MSFT) in overall market capitalization, dealing yet another blow to the software giant. Shares of IBM have gained more than $20 since the beginning of the year, now...
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May 24, 2011: Gas Breaks Wind (Power)
Monday, May 23, 2011 - 9:05pm | 407Ignacio Galan, chief executive of the Spain-based energy group Iberdrola, was quoted in the Financial Times (May 23, 2011)stating that the rise in United States shale gas production has transformed the country's power-generating industry, driving down gas and electricity prices. "Shale gas makes...
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GE Begins Union Contract Talks
Monday, May 23, 2011 - 3:02pm | 77GE (NYSE: GE) today began negotiations on a new national contract with the International Union of Electronic Workers/Communications Workers of America. Negotiations with the United Electrical, Radio and Machine Workers of America will begin tomorrow, May 24, 2011 and contracts with other unions...
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Dick Ebersol Leaving NBC Sports
Thursday, May 19, 2011 - 12:29pm | 67Darren Rovell tweeted that longtime head of NBC Sports, Dick Ebersol, is leaving the company, as he has been unable to come to terms on a new contract. NBC Sports is now majority owned by Comcast (NASDAQ: CMCSA), after Comcast took it over from General Electric (NYSE: GE) earlier this year.