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Time Warner Cable Targets Cox - Analyst Blog
Tuesday, September 14, 2010 - 11:36am | 605According to Reuter, Time Warner Cable Inc. (TWC), the second largest cable MSO in the U.S. may enter into an agreement with privately-held cable operator Cox Communications, for mutual co-operation of their respective cable systems in California . The cable systems are roughly worth $2 billion...
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GE Opens Regional Wind Turbine Service Centers (GE)
Tuesday, September 14, 2010 - 9:41am | 134Expanding its support for customers in the wind-rich Midwestern United States, GE (NYSE: GE) has opened two new wind turbine service centers in Albert Lea and Pipestone, Minn., with plans to expand into additional states in the region. The centers will serve as headquarters for GE's highly trained...
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Icahn Enterprises Chairman Buys 111,241 Shares of IEP
Monday, September 13, 2010 - 5:17pm | 56In a Form 4 filed after the bell today, Icahn Enterprises LP (NYSE: IEP) Chairman of the Board, Carl Icahn, reported that he purchased 111,241 shares of IEP on September 9th for an average price of $33.75. The transaction totaled $3,754,384. Mr. Icahn owns 78,454,899 indirect shares of IEP. Source...
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Covidien Backs FDA Safety Warning - Analyst Blog
Monday, September 13, 2010 - 4:36pm | 512Ireland-based health care product maker Covidien plc (COV) has backed the U.S. Food and Drug Administration's (FDA) recent labeling changes for Gadolinium-based contrast agents (GBCAs) for patients with renal diseases. GBCAs, which contain the chemical element gadolinium, are injectable drugs that...
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GD Bags $30M US Army Contract - Analyst Blog
Monday, September 13, 2010 - 3:15pm | 589Virginia-based US defense contractor, General Dynamics Corp. (GD), through its business unit, General Dynamics Armament and Technical Products won a six-year $30 million contract from the U.S. Army. The contract requires General Dynamics to produce and provide field support to Joint Biological...
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Company News for September 13, 2010 - Corporate Summary
Monday, September 13, 2010 - 10:15am | 828• Deutsche Bank (NYSE: DB) announced plans to raise at least $12.5 billion in fresh capital to meet stricter capital requirements and increase its stake in Postbank from 30% currently • Hewlett-Packard (NYSE: HPQ) confirmed its intentions to acquire ArcSight (NASDAQ: ARST) for $1.5 billion • Hertz...
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Integrated 3M Solution Converts Healthcare Systems to ICD-10
Monday, September 13, 2010 - 10:09am | 2193M Health Information Systems (NYSE: MMM), an international leader in ICD-9 and ICD-10 coding and clinical terminology management, has released the 3M ICD-10 Code Translation Tool, now fully integrated with 3M's medical vocabulary server, the 3M Healthcare Data Dictionary, to provide a single...
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Integrated 3M Solution Converts Healthcare Systems to ICD-10
Monday, September 13, 2010 - 10:07am | 2193M Health Information Systems (NYSE: MMM), an international leader in ICD-9 and ICD-10 coding and clinical terminology management, has released the 3M ICD-10 Code Translation Tool, now fully integrated with 3M's medical vocabulary server, the 3M Healthcare Data Dictionary, to provide a single...
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Raven Partners Jatco - Analyst Blog
Friday, September 10, 2010 - 2:03pm | 316Raven Industries Inc (RAVN) has entered into a strategic partnership with Jacto Inc. whereby the latter would offer its expertise in factory-installed components and precision technology facilitating operators and growers in this market. Branded as "Otmis," Jacto will offer Raven precision products...
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Nokia Sees Change at the Helm - Analyst Blog
Friday, September 10, 2010 - 10:06am | 951Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NOK). Today, the Board of Directors of Nokia has taken a decision to replace Kallasvuo with Mr. Stephen Elop from Microsoft Corp. (MSFT). Since last July, industry circle was rife with the speculation that Nokia...
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Cincinnati Bell Names New President of Communications Business
Friday, September 10, 2010 - 8:06am | 151Cincinnati Bell Inc. (NYSE: CBB) named Theodore H. Torbeck as the president and general manager of Cincinnati Bell Communications. In this new role, Mr. Torbeck will have responsibility for the planning, marketing, sales and operation of all of the communications lines of business at Cincinnati...
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ITW Disposes of Meyercord - Analyst Blog
Thursday, September 9, 2010 - 4:36pm | 630Illinois Tool Works Inc. (ITW) disposed of its wholly-owned subsidiary, Meyercord Revenue Inc. to SICPA Product Security LLC for an undisclosed amount. The business was stated to be unfit for Illinois Tool's long-term growth platform. SICPA Product Security is a private company specializing in...
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Trade Deficit Drops to $42.8B - Analyst Blog
Thursday, September 9, 2010 - 2:34pm | 2300The Trade Deficit fell in July to $42.78 billion, down from $49.76 billion in June. This is very good news for the economy...but not good enough. The trade deficit was also substantially smaller than the $47.3 billion consensus expectation. While it was a major month-to-month improvement, on a year...
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3M Continues Spending Spree With Arizant Purchase (MMM)
Thursday, September 9, 2010 - 1:16pm | 1983M Company (NYSE: MMM) has agreed to acquire Arizant Inc., a maker of specialized hospital blankets, for $810 million. Shares of 3M are up slightly this afternoon, to $82.87. According to a Bloomberg report, "The purchase of Arizant will decrease earnings by 3 cents a share in the first 12 months...
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Thursday's Mid-Day Options Volume Leaders (C, BAC, AAPL, GE, JPM, SPX)
Thursday, September 9, 2010 - 11:19am | 175The overall market is in the green once again; currently the S&P 500 (CBOE: SPX) is higher by 10,19 points, trading at $1,109. There seems to be a general bullish sentiment growing in the trading community; though fundamentals are mixed, traders are picking up exposure to equities nonetheless...