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Amazon to Sell Unlimited TV/Movie Viewing (AMZN, GE, TWX)
Tuesday, August 31, 2010 - 5:00pm | 202The Wall Street Journal is reporting that Amazon.com (NASDAQ: AMZN) is looking to develop a service that gives subscribers unlimited viewing (via internet) of certain television shows and movies for a flat rate. According to the WSJ, “The Seattle retailer has in recent weeks and months proposed a...
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Nexxus Lighting To Present At J.P. Morgan LED General Lighting Symposium (NEXS)
Tuesday, August 31, 2010 - 3:10pm | 107Mike Bauer, President and CEO of Nexxus Lighting, Inc. (NASDAQ: NEXS) and Gary Langford, Nexxus’ Chief Financial Officer, will present at the J.P. Morgan (NYSE: JPM) LED General Lighting Symposium in New York on Thursday, September 2, 2010. Nexxus will be one of eight presenting companies, along...
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Philips' NextGen Diagnostic System - Analyst Blog
Tuesday, August 31, 2010 - 1:03pm | 651Koninklijke Philips Electronics NV (PHG) has launched its next generation of cardiac ultrasound system, iE33 xMATRIX. The new system will provide a more efficient solution for echocardiograms in adults. The new cardiac ultrasound system is an add-on to various offerings and developments from...
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What's Hot On TheStreet
Tuesday, August 31, 2010 - 12:41pm | 391Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Where Has All the Gaming M&A Gone? With Intel (NASDAQ: INTC) acquiring McAfee (NYSE: MFE), 3M (NYSE: MMM) buying Cogent Systems (NASDAQ: COGT) , and Dell (NASDAQ: DELL) and HP (NYSE: HPQ) vying for 3Par (NYSE...
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GE Intelligent Platforms Collaborates With US Environmental Protection Agency (GE)
Tuesday, August 31, 2010 - 11:20am | 55GE Intelligent Platforms (NYSE: GE) today announced the signing of a cooperative research and development agreement with the US Environmental Protection Agency's National Risk Management Research Laboratory (NRMRL) focusing on connecting dissimilar data sources into a software-based platform that...
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Jefferies Reiterates Buy Rating on 3M (MMM)
Tuesday, August 31, 2010 - 9:43am | 174Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on 3M (NYSE: MMM); it has a $110 price target on the stock. The Jefferies analysts cited the company’s recent announcement that it would purchase Cogent Inc. (NASDAQ: COGT) for $10.50 per share,...
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Benzinga’s Top Pre-Market NASDAQ Gainers (ARMH, DGIT, COGT, BRCD)
Tuesday, August 31, 2010 - 8:21am | 156ARM Holdings Plc (NASDAQ: ARMH) rose 3.36% to $16.29 in the pre-market session. Analysts at William Blair initiated coverage of ARMH with a “market perform” rating. DG FastChannel Inc (NASDAQ: DGIT) added 2.18% to $15.44 in pre-market trading. Analysts at Merriman downgraded DGIT from “buy” to “...
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Top 4 Large-Cap Stocks In The Conglomerates Sector With The Highest Cash (GE, UTX, MMM, DHR)
Tuesday, August 31, 2010 - 5:24am | 146Below are the top large-cap conglomerate stocks on the NYSE and the NASDAQ in terms of cash. General Electric Company (NYSE: GE) had $73.85 billion in total cash and $489.74 billion in total debt for the latest quarter. United Technologies Corporation (NYSE: UTX) had $5.00 billion in total cash for...
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Faruqi & Faruqi, LLP Announces Investigation of Cogent, Inc. (COGT, MMM)
Monday, August 30, 2010 - 3:20pm | 153Faruqi & Faruqi, LLP is investigating the Board of Directors of Cogent, Inc. (Nasdaq: COGT) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to 3M Co. (NYSE: MMM). The proposed transaction offers Cogent shareholders to only receive $...
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3M Shares Dip On News Of Cogent Purchase
Monday, August 30, 2010 - 2:06pm | 1223M (NYSE: MMM) announced on Monday that it has agreed to buy Cogent (NYSE: COGT) for $10.50 per share. The price represents an 18% premium to COGT’s closing price on Friday. The total deal for the biometric security systems company is valued at $943 million, or $430 net of cash acquired. Cogent's...
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Benzinga’s Volume Movers (COGT, GENZ, FOSL, LOGM)
Monday, August 30, 2010 - 1:23pm | 192Cogent Inc (NASDAQ: COGT) shares moved up 20.13% to $10.71 at 12:41 pm. The volume of COGT shares traded was 3513% higher than normal. 3M Co (NYSE: MMM) has agreed to purchase COGT for more than $900 million or $10.50 per share, representing an 18% premium to COGT’s closing price on Friday. Genzyme...
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Precision Castparts Upgraded - Analyst Blog
Monday, August 30, 2010 - 12:27pm | 560International credit rating agency Standard & Poor's has upgraded the rating on Precision Castparts Corp’s(PCP) long-term corporate debt to ‘A-“ from “BBB+” with a stable outlook. The agency has upgraded its rating on the company’s short-term debt by a notch from “A-2” to “A-1”. The rating...
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Afternoon Market Update (LULU, QLGC, MMM, COGT)
Monday, August 30, 2010 - 12:03pm | 229US Retail stocks fell after the data showing lesser-than-expected increase in personal income for the month of July. Shares of Lululemon Athletica Inc (NASDAQ: LULU) dropped about 8.5% after Jefferies & Co downgraded the company from “hold” to “underperform.” The analysts have also lowered its...
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Mid-Day Market Movers (ADAM, MPB, COGT, XFN)
Monday, August 30, 2010 - 10:42am | 173ADAM Inc (NASDAQ: ADAM) jumped 77.60% to $5.63 at 10:23 am. Ebix Inc (NASDAQ: EBIX) has entered into a merger agreement to acquire ADAM on a debt-free basis for $66 million. Mid Penn Bancorp (NASDAQ: MPB) climbed 29.51% to $7.97. MPB’s shares have lost 61.56% over the past 52 weeks, while the S...
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Benzinga’s Top Pre-Market NASDAQ Gainers (COGT, GENZ, IMGN, COCO)
Monday, August 30, 2010 - 8:22am | 176Cogent Inc (NASDAQ: COGT) rose 18.90% to $10.60 in the pre-market session. 3M Co (NYSE: MMM) has agreed to purchase COGT for more than $900 million or $10.50 per share, representing an 18% premium to COGT’s closing price on Friday. Genzyme Corporation (NASDAQ: GENZ) added 4.26% to $70.50 in pre-...