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U.S. Leveraged Loan Market Robust, Says GE Capital Markets
Wednesday, October 27, 2010 - 10:06am | 124Three factors are contributing to a favorable environment for borrowers across virtually all forms of corporate loans, according to Sage Nakamura, managing director of loan syndications for GE Capital Markets (NYSE: GE), Inc. They are greater lender willingness to deploy capital, strong investor...
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3M Completes Subsequent Offering Period for Cogent, Inc.
Wednesday, October 27, 2010 - 8:44am | 1023M (NYSE: MMM) today announced that its direct wholly-owned subsidiary, Ventura Acquisition Corporation, has completed its cash tender offer for Cogent, Inc. (NASDAQ: COGT). As contemplated by the terms of the previously announced merger agreement, 3M intends to acquire the remaining publicly held...
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Teleflex Posts Mixed Earnings (TFX)
Tuesday, October 26, 2010 - 5:06pm | 149Teleflex Incorporated (NYSE: TFX) reports Q3 earnings of $0.98 versus consensus of $0.97. Teleflex Incorporated reports revenues of $443 million versus consensus of $449.84 million. Diluted adjusted EPS from continuing operations was $1.11 per share, including tax benefit of $0.13 per share. Gross...
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Teleflex Announces Quarterly Dividend of $0.34 per Share
Tuesday, October 26, 2010 - 5:01pm | 48Teleflex Incorporated (NYSE: TFX) announced today that its Board of Directors declared a quarterly cash dividend of thirty-four cents ($0.34) per share of common stock. The dividend is payable December 15, 2010 to shareholders of record at the close of business on November 15, 2010.
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Teleflex Reports Third Quarter 2010 GAAP EPS of $.57
Tuesday, October 26, 2010 - 4:41pm | 223Teleflex Incorporated (NYSE: TFX) today announced financial results for the third quarter and year to date ended September 26, 2010. Third quarter 2010 net revenues were $443.0 million, a 1% increase over third quarter revenues of 2009. Core revenues for the quarter increased 4% on a constant...
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Walter Energy Misses Estimates (WLT)
Tuesday, October 26, 2010 - 4:32pm | 87Walter Energy, Inc. (NYSE: WLT) reports Q3 earnings of $2.57 versus consensus of $2.59. Walter Energy, Inc. reports revenues of $464.3 million versus consensus of $484.41 million. "Walter Energy generated substantial year-over-year earnings growth in the third quarter on robust pricing for our...
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Bookkeeping: Starting Ford (F) on Impressive Quarter
Tuesday, October 26, 2010 - 1:13pm | 2057I continue to believe Americans are not appreciating the massive restructuring that has happened in the auto sector. To this end I've been using a few auto suppliers for exposure to the sector, but today - upon further reflection and an impressive quarter - I am adding Ford (F). Take a step back...
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United Capital Corp. Announces Note Purchase
Tuesday, October 26, 2010 - 12:23pm | 93United Capital Corp. (AFP) today announced the purchase of a mortgage note encumbering the Ocean Place Resort & Spa and Conference Center, in Long Branch, New Jersey. The mortgage has approximately $60 million in total outstanding obligations and is secured by this 12-story, 254 room hotel...
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Siemens Wins $25 Million Contract
Tuesday, October 26, 2010 - 11:13am | 70Rush University Medical Center in Chicago has awarded a five-year, $25 million contract for medical equipment and health IT consulting services to Siemens Medical Solutions USA, Inc (NYSE: SI). With the addition of Siemens medical imaging equipment and software, Rush will become one of a select...
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AAI Receives $70.7 Million Award (TXT)
Tuesday, October 26, 2010 - 9:01am | 65AAI, an operating unit of Textron Systems, a Textron Inc. (NYSE: TXT) company, announced today that the U.S. Army has awarded the company a $70.7 million contract for laser designator kits, which will be integrated onto the Army's and Marine Corps' Shadow Tactical Unmanned Aircraft Systems. AAI is...
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What's Hot on TheStreet
Monday, October 25, 2010 - 1:02pm | 329Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet XBox Kinect is Key To Console's Comeback The soon-to-be released Kinect device for the Xbox 360 isn't just a motion controller, but the latest symbol of Microsoft's (NASDAQ: MSFT) gaming momentum. 5 Favorite MLPs...
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Benzinga's Political Round Up
Monday, October 25, 2010 - 12:09pm | 190Bank of America (NYSE: BAC) announced it has found some errors in its foreclosure process, just days after saying it did not see any. This could potentially start a wave of legal cases against the bank. The G20 held its meeting this week to discuss economic policies, but did little to curb the...
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Siemens Wins U.S. Order - Analyst Blog
Monday, October 25, 2010 - 11:33am | 456Siemens Government Services, a division of Siemens AG (SI), has bagged a $38.5 million order from General Services Administration in USA. The scope of work includes improving energy efficiency in 39 government facilities spread across the Greater Southwest Region. The 26-month contract period...
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GE Strengthens Role in China Compressor Manufacturing
Monday, October 25, 2010 - 10:30am | 57GE (NYSE: GE) today announced the completion of its acquisition, from Shenyang Blower Works Group Company Ltd., of a minority equity interest in Shenyang Turbo Machinery Corporation, a large-scale, Chinese state-owned enterprise dedicated to the design and manufacture of turbomachinery equipment...
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Stock Market News for October 25, 2010 - Market News
Monday, October 25, 2010 - 10:03am | 663Stocks had a mixed day on Friday but they still managed to close another week on a high note, as investors continued to bet that markets' recent momentum is here to stay. Traders refrained from placing bigger bets as a group of finance ministers met in South Korea amid an ensuing currency war....