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Illinois Acquires Car Care Business - Analyst Blog
Wednesday, December 8, 2010 - 1:04pm | 509Illinois Tool Works Inc. (ITW), in an effort to expand its car care solutions business globally, announced an agreement to acquire Shell SOPUS Products' car care business for an undisclosed amount. The accomplishment of the deal is subject to the approval of the regulatory authorities. The...
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Stock Market News for December 8, 2010 - Market News
Wednesday, December 8, 2010 - 11:03am | 868Agreement on extending the Bush-era tax cuts for another two years did little to boost stocks Tuesday as concerns over European finances and a sharp jump in bond yields tempered investors' enthusiasm. The Dow Jones industrial average, after rising as much as 89 points, closed with a drop of...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 11:03am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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Company News for December 8, 2010 - Corporate Summary
Wednesday, December 8, 2010 - 10:31am | 688• Costco (NASDAQ: COST) posted fiscal first quarter earnings $0.02 higher than estimated at $0.71, as revenues jumped 11.2% to $19.24 billion, up from estimate of $18.81 billion • H&R Block (NYSE: HRB) posted a fiscal second quarter loss of $0.35 a share, versus an expectation of a $0.37 loss,...
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Stock Market News for December 8, 2010 - Market News
Wednesday, December 8, 2010 - 10:28am | 868Agreement on extending the Bush-era tax cuts for another two years did little to boost stocks Tuesday as concerns over European finances and a sharp jump in bond yields tempered investors' enthusiasm. The Dow Jones industrial average, after rising as much as 89 points, closed with a drop of...
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Deutsche Bank Updates EPS Estimates on 3M (MMM)
Wednesday, December 8, 2010 - 9:58am | 90Deutsche Bank updates its estimates on 3M (NYSE: MMM) following 3M's 2011 outlook meeting yesterday. In a note to clients, Deutsche Bank writes, "At the meeting, 3M provided 2011 organic volume growth guidance of 5.5-7.5% (versus its long-term target of 7-8%) and EPS guidance of $5.90-$6.10, up 3-6...
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Goldman Sachs Morning Summary
Wednesday, December 8, 2010 - 9:21am | 223General tone of Goldman Sachs (NYSE: GS) morning report continues to be positive. Overall, companies struck a much more positive tone relative to last year, driven by increased confidence on the strength of the economic recovery. A number of companies highlighted the desire and ability to return...
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Goldman Sachs Maintains Buy on General Electric (GE)
Wednesday, December 8, 2010 - 9:21am | 107Goldman Sachs maintains its Buy rating on General Electric (NYSE: GE) after GE Capital's Investor meeting yesterday. In a note to clients, Goldman Sachs writes, "We maintain our Buy rating on GE shares, with Tuesday's update reinforcing an improving GECS outlook and potential upside to our 2011-12...
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Benzinga's Top Downgrades (JCI, MMM, NFLX, WY)
Wednesday, December 8, 2010 - 8:57am | 129Johnson Controls Inc (NYSE: JCI) was downgraded by Deutsche Bank from "buy" to "hold." JCI's shares closed at $39.00 yesterday Johnson Controls' trailing-twelve-month ROA is 4.27%. 3M Company (NYSE: MMM) was downgraded by Goldman from "buy" to "neutral." MMM's stock closed at $84.19 yesterday. 3M's...
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Oppenheimer Maintains Outperform Rating on General Electric (GE)
Wednesday, December 8, 2010 - 8:54am | 100Oppenheimer published its report on General Electric today (NYSE: GE)following GE Capital's Investor meeting. In its report, Oppenheimer writes, "We believe positives are decidedly outweighing negatives, with portfolio margins (essentially net interest margin, but also including origination fees)...
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Goldman Sachs Downgrades MMM To Neutral
Wednesday, December 8, 2010 - 8:50am | 50Analysts at Goldman Sachs downgrade 3M Company (NYSE: MMM) from "buy" to "neutral." The target price for MMM has been reduced from $98 to $93. MMM's shares lost 3.10% to close at $84.19 yesterday. More Analyst Ratings here
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J.P. Morgan Underweight On 3M (MMM)
Wednesday, December 8, 2010 - 8:22am | 144J.P. Morgan Chase & Co. has an Underweight rating on 3M Company (NYSE: MMM) with a $95 price target on shares. In a note sent to investors J.P. Morgan writes, "Capitulation is close on 3M, in our view, but with balanced risks to even a lower 2011 EPS and emerging concerns around Healthcare/...
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Another Acquisition by 3M - Analyst Blog
Tuesday, December 7, 2010 - 9:15pm | 7313M Company (MMM) has entered into an agreement to acquire Winterthur Technologies AG, a worldwide renowned provider of precision grinding technology, for approximately $448 million. Per share purchase value of Winterthur has been fixed at CHF 62.00 ($63.56) and has received the unanimous...
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Another Acquisition by 3M - Analyst Blog
Tuesday, December 7, 2010 - 6:34pm | 7313M Company (MMM) has entered into an agreement to acquire Winterthur Technologies AG, a worldwide renowned provider of precision grinding technology, for approximately $448 million. Per share purchase value of Winterthur has been fixed at CHF 62.00 ($63.56) and has received the unanimous...
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Conglomerates Some Of Today's Best Winners
Tuesday, December 7, 2010 - 3:58pm | 146Multinational conglomerate companies are some of today's best winners, led by shares of General Electric Company (NYSE: GE). At last check, shares of GE were up 3%. Other companies like Olin (NYSE: OLN), ABB (NYSE: ABB) and Siemens (NYSE: SI) are all up around 2% on the day. GE announced earlier...