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PowerShares Small Cap Sector ETFs Hit the Tape
Thursday, April 8, 2010 - 3:02am | 1157PowerShares launched a suite of small-cap sector ETFs based on the S&P SmallCap 600 Index yesterday (4/7/10). These nine new ETFs are the first to provide sector-specific exposure within the U.S. small-cap stock market. I have long been a fan of sector and industry-focused funds, and I warmly...
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50% of Americans Get Something for Nothing; Income Taxes Are Somebody Else's Problem
Wednesday, April 7, 2010 - 8:05pm | 424WASHINGTON (AP) -- "Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem. About 47 percent will pay no federal income taxes at all for 2009 (see chart above, data here). Either their incomes were too low, or they qualified for...
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Sefalana: Glass Half Full?
Wednesday, April 7, 2010 - 7:12pm | 1625A rather hectic MBA schedule is once again putting a damper on my blogging. Bear with me for a few more weeks. In the meantime, my April contribution to Business Diary Botswana: After a relatively nondescript start to 2010, Botswana’s domestic companies index (DCI) rose by nearly 5% in February,...
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Hardinge To Resist Romi’s Offer (HDNG)
Tuesday, April 6, 2010 - 5:31pm | 118Precision tool maker Hardinge Inc. (NASDAQ: HDNG) has asked its shareholders to reject the $90 million offer from Brazilian firm Industrias Romi SA. According to Reuters, the precision tool maker has called the unsolicited offer “grossly inadequate and opportunistic.” The company has stated in a...
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Credit Suisse Lowers Earnings Est. for Pall Corp. (PLL)
Tuesday, April 6, 2010 - 2:27pm | 249Credit Suisse is lowering their earnings estimates for Pall Corp (NYSE: PLL) The new estimates take into account updated guidance and foreign currency impact. The outlook for FY 2010 earnings estimate is now $2.03 (previously $2.06), which is on the higher end of the company's guidance range. FY...
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Merger Arbitrage Mondays – April 5, 2010
Monday, April 5, 2010 - 10:49am | 4368Last week was another active week on the mergers and acquisitions front with four new deals announced, two completed and one deal sweetened to the tune of $100 million. Private investor group SSI Investments bumped up its $1.1 billion or $10.80 per share bid for SkillSoft (SKIL) to $1.2 billion or...
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MLPI: Tracking the Alerian MLP Infrastructure Index
Monday, April 5, 2010 - 9:45am | 544The UBS E-TRACS Alerian MLP Infrastructure Index ETN (MLPI) started trading April 2, 2010. It is designed to track the performance of the Alerian MLP Infrastructure Index and pay a variable quarterly dividend. This new ETN may sound similar to the JPMorgan Alerian MLP Index ETN (AMJ), and in fact...
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Wind Power Stocks are Spinning
Monday, April 5, 2010 - 2:54am | 888Do you know when the first use of a windmill was recorded? It was first utilized in the 1st Century AD. Can you guess what it was used for? It was used to power an organ. Some facts about wind power:1. Wind power generation went up over 300% between 2000 and 2006.2. It provides 20% of electricity...
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The Jobs Numbers, Bond Yields and The Stock Market
Friday, April 2, 2010 - 6:54am | 137Here's a collage of the way the media spun the March jobs report and the impact on the bond and stock markets. Any way you slice it, it will impact the stock market from the opening on Monday...and it could go either way. NEW YORK (AP) -- The biggest increase in jobs in three years pushed...
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Alerian Announces Launch of ETN Tracking the Alerian MLP Infrastructure Index
Thursday, April 1, 2010 - 10:07am | 572Alerian announced today that UBS AG has launched an Exchange-Traded Note (ETN) listed on NYSE Arca under ticker symbol (MLPI) that provides investors single-security exposure to the Alerian MLP Infrastructure Index ( AMZI). The Alerian MLP Infrastructure Index is an enhanced liquid subset of Master...
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BB&T Downgrades CIR To Hold
Thursday, April 1, 2010 - 9:52am | 52Analysts at BB&T Capital Markets downgrade CIRCOR International Inc (NYSE: CIR) from "buy" to "hold." CIR’s shares fell by 2.86% to close at $ 32.26 so far in today's trading. To see more trading ideas, click here.
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Benzinga’s Top Downgrades (EXAC, IN, CIR, BLK, WTNY)
Thursday, April 1, 2010 - 9:48am | 182Exactech Inc (NASDAQ: EXAC) was downgraded by Robert W Baird from “outperform” to “neutral.” EXAC’s shares gained 4.64% to $20.97. EXAC has a 52-week trading range of $11.12-$21.13. Robert W Baird downgraded Intermec (NYSE: IN) from “outperform” to “neutral.” IN’s shares lost 1.39% to $14.18. The...
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William Blair & Company Lowers Illinois Tool Works (ITW) Estimates
Thursday, April 1, 2010 - 9:27am | 161William Blair & Company analysts Jeffrey Germanotta, Ryan Merkel and David Mandell reiterated their Outperform rating for shares of Illinois Tool Works Inc. (NYSE: ITW) after the company lowered its 1st quarter EPS guidance from a range of 52 - 60 cents, to a range of 48 - 56 cents per share....
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3-31-10 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Wednesday, March 31, 2010 - 11:41am | 2128Stocks are lower following a worse-than-expected jobs report Stock fell early Wednesday after a payroll company’s report provided a sobering reminder that the job market remains weak. ADP said employers slashed 23,000 jobs in March. Economists surveyed by Thomson Reuters had forecast the report...
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Stock Market News for March 31, 2010 - Market News
Wednesday, March 31, 2010 - 9:16am | 459U.S. stocks ended with modest gains Tuesday, with the blue-chip Dow average ending the day at fresh 18-month highs, as investors bought technology and industrial stocks even as confidence in Greece's ability to access credit markets showed signs of deterioration. Technology shares led the broader...