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Walter Downgraded to Underperform - Analyst Blog
Wednesday, October 20, 2010 - 6:54pm | 59This article has been unpublished. Walter, need new message. WALTER ENERGY (WLT): Free Stock Analysis Report Zacks Investment Research
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Coal Stocks On Fire (WLT, ANR, MEE)
Wednesday, October 20, 2010 - 3:02pm | 148The coal group is burning up today, as commodities in general are back into gear and firing on all cylinders. Shares of Walter Energy, Inc. (NYSE: WLT), which is a metallurgical coal producer, is up 5.4% to $88.31, a gain of $4.50. Walter Energy, Inc. produces and exports metallurgical coal for the...
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Eaton's (ETN) Combination of Domestic Cost Cutting and Foreign Sales Displays the Power of Multinational Industrials
Wednesday, October 20, 2010 - 1:55pm | 1288I've called U.S. multinationals the new masters of the universe for quite a while; even before the Great Recession the trend of outsourcing labor (reducing costs) and increasing foreign sales, with a weak U.S. dollar was a mega trend. Now these catalysts have only accelerated... of course there...
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Is Betting Against the US Dollar Really Such a Good Idea?
Wednesday, October 20, 2010 - 12:07pm | 667By Justin Rohrlich Dollar bears currently outnumber dollar bulls by outlandish numbers. According to Shawn Hackett, founder and president of Hackett Financial Advisors, only 3% of traders are bullish the US dollar right now. In June, that number was 95%. “That is such an extreme sentiment; I mean,...
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3M Completes Attenti Holdings S.A. Acquisition
Wednesday, October 20, 2010 - 9:03am | 313M (NYSE: MMM) announced today it has completed its acquisition of Attenti Holdings S.A. from an investor group led by Francisco Partners.
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The Largest Employers in the World
Tuesday, October 19, 2010 - 1:50pm | 349You might be surprised to learn what the largest employer in the world is. Want to take a guess? It is the Chinese Army, also known as the Peoples Liberation Army, at 2.3 million employees. WalMart (WMT) is in second place with 2.1 million employees, then the Indian Railway at 1.4 million, and the...
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Siemens Wins $38.5 Million GSA Task Order
Tuesday, October 19, 2010 - 1:38pm | 78Siemens Government Services, Inc. announced today that it recently received a $38.5 million task order award from the General Services Administration to implement energy efficiency improvements to 39 federal government facilities across the Greater Southwest Region. The Department of Energy Energy...
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Verizon Communications (NYSE:VZ) Sentiment is Mixed Before Earnings
Tuesday, October 19, 2010 - 1:26pm | 1905Last week, a number of financial pundits offered their revised opinions on Verizon Wireless (NYSE:VZ) and the message was decidedly mixed. On one hand, Sanford Bernstein downgraded its rating to underperform from market perform. The covering analyst noted that shares have run sharply higher...
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Tredegar Board Declares Dividend of $.04
Tuesday, October 19, 2010 - 12:07pm | 48The board of directors of Tredegar Corporation (NYSE: TG) declared a quarterly dividend of four cents per share on the company's common stock. The dividend is payable on January 1, 2011 to shareholders of record at the close of business on December 17, 2010.
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GE Introduces the J920 Engine
Tuesday, October 19, 2010 - 12:01pm | 90GE's (NYSE: GE) Jenbacher announces the development of a new, larger, power-generation gas engine—the J920 engine. With electrical efficiency of 48.7 percent and an output of 9.51 megawatts (MW), the new J920 engine is the most efficient in its class and it extends GE's technical leadership in...
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Cessna Announces Launch of Citation Ten
Tuesday, October 19, 2010 - 10:33am | 74Cessna Aircraft Company, a Textron Inc. (NYSE: TXT) company, announced at the 63rd NBAA Annual Meeting and Convention the launch of the Citation Ten, a larger, advanced version of the world's fastest certified business jet, the Citation X. It also marks the debut of the Garmin G5000 avionics suite...
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Philips Profit Up, but Outlook Wary - Analyst Blog
Tuesday, October 19, 2010 - 10:09am | 814Koninklijke Philips Electronics NV (PHG) reported earnings per share of €0.55 (70 cents per ADR) for the third quarter of 2010, compared with €0.19 in the prior-year quarter. The company delivered strong performance in all its operating sectors, especially Lighting and Healthcare. Revenue...
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GE Still On An Upward Trajectory
Tuesday, October 19, 2010 - 8:51am | 166While other companies are basking in early-cycle glory, General Electric (NYSE: GE) has built a wall of worry, and while J.P Morgan appreciates the reasons for the negative stock reaction, with longer-term upside levers unchanged and a fresh dose of investor skepticism, the OverWeight rating is...
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GE Beats on Lower Revenue - Analyst Blog
Monday, October 18, 2010 - 2:45pm | 836General Electric Company (GE) released its earnings results for third quarter of 2010 before the opening bell today, reporting earnings per share of 29 cents, beating the Zacks Consensus estimate of 27 cents. With a 32% year over year increase in its earnings, the company benefited from a continued...
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United Capital Corp. Takes 9.9% Interest In Patriot National Bank
Monday, October 18, 2010 - 2:32pm | 89United Capital Corp. (AFP) today reported that it has taken a 9.9% interest in PNBK Holdings LLC which recently completed a $50 million investment in Patriot National Bancorp, Inc. acquiring 33.6 million shares or approximately 88% of its outstanding stock. Patriot is a commercial bank...