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GE Looks To Be An M&A Player
Wednesday, September 22, 2010 - 1:44pm | 271There has been plenty of deal-making going on lately though GE has not been any part of it. General Electric (NYSE: GE) has been sitting out of M&A's lately. In a recent Reuters report, GE vice chairman John Rice said, “We have a number of opportunities that are in the pipeline, some closer...
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M&T to Sell Stake to Santander? - Analyst Blog
Tuesday, September 21, 2010 - 6:33pm | 824M&T Bank (MTB) may sell a majority stake to Banco Santander SA (STD), according to a Bloomberg report. The report also said that the banks are in consultation, though informally, with the Federal Reserve for sketching a deal. They expect to hear from Federal Reserve by the end of this month....
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SKM to Enter LightSquared Venture - Analyst Blog
Tuesday, September 21, 2010 - 3:15pm | 906SK Telecom Corp. Ltd. Co. (SKM), the largest wireless carrier of South Korea, is again trying its luck in the nearly saturated but lucrative U.S. wireless market. The company has decided to invest in the LightSquared venture, which is trying to become a U.S. wholesale wireless operator...
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TXT Cuts Production At Business-Jet Unit
Tuesday, September 21, 2010 - 2:00pm | 131Textron Inc (NYSE: TXT) announced on Tuesday that it plans to lower the production rates and shrink the workforce at the Cessna unit. The conglomerate cited continued weakness in new business jet orders as the reason for the decision. TXT reiterated its adjusted-profit outlook for 2010 at 55 cents...
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GE Introduces New Wind Turbine Models (GE)
Tuesday, September 21, 2010 - 1:45pm | 139GE (NYSE: GE) announced today at Husum Wind Energy 2010 that it is introducing new members to its family of 2.5-megawatt wind turbines. All of the new models are designed to increase annual energy production (AEP) over the existing 2.5-megawatt wind turbine. The new machines include: GE's 2.75-...
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Textron Adjusts Business Jet Outlook (TXT)
Tuesday, September 21, 2010 - 9:01am | 167Textron Inc. (NYSE: TXT) today reported that it is adjusting aircraft production schedules and reducing headcount at its Cessna business unit due to continued weakness in new aircraft orders. The company still expects 2010 earnings per share from continuing operations excluding special charges to...
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Zacks Analyst Blog Highlights: Novell, VMware, General Electric, Monsanto and Sony - Press Releases
Tuesday, September 21, 2010 - 8:03am | 1188For Immediate Release Chicago, IL – September 21, 2010 – Zacks.com Analyst Blog features: Novell Inc. (NOVL), VMware Inc. (VMW), General Electric Co. (GE), Monsanto Co. (MON) and Sony Corp. (SNE ). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter...
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Zacks Bull and Bear of the Day Highlights: NiSource, McDermott International, BP, Transocean and Halliburton - Press Releases
Tuesday, September 21, 2010 - 8:03am | 1619For Immediate Release Chicago, IL – September 21, 2010 – Zacks Equity Research highlights: NiSource (NI) as the Bull of the Day and McDermott International (MDR) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on BP plc (BP), Transocean Ltd. (RIG) and Halliburton Co. (...
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McDermott International (MDR) - Bear of the Day
Tuesday, September 21, 2010 - 6:03am | 158We are downgrading McDermott International (MDR) shares to Underperform from Neutral due to the tentative commodity price scenario and the company's clouded post-split outlook. Near-term bookings remain lumpy at McDermott, as the current uncertain environment has adversely affected the economics...
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Stocks To Watch For September 21 (ADBE, GDI, GE, CAG, HPQ, ORCL, AZO)
Tuesday, September 21, 2010 - 5:13am | 254Some of the stocks that may grab the investor focus today are: Wall Street expects Adobe Systems Incorporated (NASDAQ: ADBE) to post its FQ3 profit at $0.49 per share. ADBE's shares gained 0.12% to $33.15 in after-hours trading. Gardner Denver Inc (NYSE: GDI) has appointed Michael Larsen as the...
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Is Novell Selling to VMware? - Analyst Blog
Monday, September 20, 2010 - 3:36pm | 1159Enterprise software developer, Novell Inc. (NOVL) is in discussions with the virtualization infrastructure software solutions provider VMware Inc. (VMW) to sell its Linux Operating systems business, according to the Wall Street Journal. According to the Journal, Novell is in advanced stages of...
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ITW Rev Updated, Guidance Intact - Analyst Blog
Monday, September 20, 2010 - 12:30pm | 529Illinois Tool Works Inc. (ITW) reported a 13% year-over-year rise in its operating revenues for the three months ended August 31, 2010. The increase records a 12% growth attributable to a hike in base revenue and 3% to acquisitions. Currency translation had a negative 2.0% impact on the revenue....
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Accuray's CyberKnife at the ESTRO - Analyst Blog
Monday, September 20, 2010 - 12:03pm | 625Leading radiosurgery systems maker Accuray Incorporated (ARAY) has featured its CyberKnife VSI system at the European Society for Therapeutic Radiology and Oncology (ESTRO) meet in Barcelona. The company showcased multiple presentations, which underscore the system's unique motion management...
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Textron Remains Attractive To Morgan Stanley
Monday, September 20, 2010 - 11:46am | 77Textron (NYSE: TXT) shares have been trading sub $20 for some time. According to Morgan Stanley, the share price appears to anticipate a sustained multi-year downturn in business jets with no rebound in sight from current levels over the next several years. Although Textron has bounced off...
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Top 4 Stocks In The Rubber And Plastics Industry With The Highest Operating Margin (CSL, CMT, ROG, CTB)
Monday, September 20, 2010 - 5:29am | 146Below are the top rubber and plastic stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at Carlisle Companies Inc (NYSE: CSL) is 9.51%. CSL shares have fallen 13.36% over the past 52 weeks, while the S&P 500 index has gained 5.36...