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Links and Reading for March 23rd
Wednesday, March 23, 2011 - 7:00pm | 292Some of the more interesting and important items for March 23rd : Portugal's PM quits after debt-cutting plan nixed – Yahoo! Finance – LISBON, Portugal (AP) — Debt-stressed Portugal's prime minister says he has quit after opposition parties scuppered his proposals devised to avoid a bailout. Egypt...
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Baldwin Elects New CFO
Wednesday, March 23, 2011 - 9:49am | 34Baldwin Technology Company, Inc. (NYSE: BLD) announced today that Ivan R. Habibe will join the Company as Vice President, Chief Financial Officer and Treasurer, effective April 4, 2011.
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Manitex International Increases Distribution in Western Canada
Wednesday, March 23, 2011 - 9:03am | 147Manitex International, Inc. (Nasdaq: MNTX) today announced that it is expanding its distribution agreement with Cropac Equipment Inc., a premier mobile crane dealer serving customers throughout North America since 1977, and a key Manitex distributor since 1988, to include Alberta and Saskatchewan...
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J.P. Morgan Says SPX Experiencing Deja Vu
Wednesday, March 23, 2011 - 8:30am | 94In a report published by J.P. Morgan, SPX Corp. (NYSE: SPW) is experiencing déjà vu. J.P. Morgan said that SPX remains in the early fundamental innings of inflection off an earnings base that is the closest to trough levels in the EE/MI sector. “We believe a premium on near-term valuation is...
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JP Morgan Raises PT On SPX Corporation To $90
Wednesday, March 23, 2011 - 7:53am | 27JP Morgan has raised the price target on SPX Corporation (NYSE: SPW) from $79 to $90 and maintains its Overweight rating.
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Lincat Group shares surge on takeover offer from Middleby
Wednesday, March 23, 2011 - 5:39am | 346Shares in Lincat (LON:LCT) surged this morning on news that the AIM listed foodservice group was set to recommend a 1,050 pence per share takeover offer from Middleby Corporation (NASDAQ: MIDD). The cash offer values Lincat at approximately £58 million and represents a 37.7% premium to the company...
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3-22-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Tuesday, March 22, 2011 - 11:43am | 4011Stan Choe, AP Business Writer Stocks are mixed after a three-day rally Stocks trade mixed in morning trading, putting three-day rally at risk NEW YORK (AP) — Stocks were mixed in morning trading Tuesday following a strong three-day rally. The Dow Jones industrial average rose 2 points to 12,039....
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WSI Industries Reports Q2 EPS of $0.04
Tuesday, March 22, 2011 - 9:06am | 69WSI Industries, Inc. (Nasdaq: WSCI) today reported sales for its fiscal 2011 second quarter ending February 27, 2011 of $5,682,000 versus the prior year amount of $4,060,000, or an increase of 40% over the prior year quarter. The Company recorded net income of $118,000 or $.04 per diluted share in...
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Piper Jaffray Reports On R Investor Meetings
Tuesday, March 22, 2011 - 8:31am | 98Piper Jaffray reports positive growth prospects for Ryder System Inc (NYSE: R) after last week's investor meetings. According to Piper Jaffray, "Generally mgmt is relatively upbeat with respect to growth prospects - as evidenced by R starting to lever its balance sheet further and putting capital...
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SPX Completes Acquisition of Teradyne Diagnostics Solutions
Tuesday, March 22, 2011 - 8:13am | 90SPX Corporation (NYSE: SPW) today announced that it has completed the acquisition of Teradyne Diagnostics Solutions, a global supplier of diagnostic solutions for transportation OEMs and automotive dealerships. The terms of the transaction were not disclosed. Teradyne Diagnostics Solutions, based...
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Benzinga's Top Upgrades (NE, JWN, ATU, OXPS)
Tuesday, March 22, 2011 - 8:11am | 129Noble Corporation (NYSE: NE) was upgraded by BMO Capital from "market perform" to "outperform." NE's shares closed at $45.35 yesterday. Noble's trailing-twelve-month revenue is $2.81 billion. Goldman upgraded Nordstrom Inc (NYSE: JWN) from “neutral” to “buy.” JWN's shares closed at $42.30...
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Actuant Executives Adopt 10b5-1 Plans
Tuesday, March 22, 2011 - 8:02am | 142Actuant Corporation (NYSE: ATU) today announced that certain of its executives have adopted prearranged trading plans in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934 and the Company's policies with respect to insider sales. Rule 10b5-1 allows...
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Citigroup Upgrades Actuant Corporation (NYSE: ATU) From Hold To Buy And Raises PT From $32 to $34
Tuesday, March 22, 2011 - 7:45am | 23Citigroup Upgrades Actuant Corporation (NYSE: ATU) From Hold To Buy And Raises PT From $32 to $34
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Citigroup Upgrades ATU To Buy
Tuesday, March 22, 2011 - 6:14am | 54Citigroup Upgrades ATU To Buy Analysts at Citigroup upgrade Actuant Corporation (NYSE: ATU) from “hold” to “buy.” The target price for ATU has been raised from $32 to $34. ATU shares rose 3.21% to close at $27.68 yesterday. More Analyst Ratings here
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Kadant Up 4% (KAI)
Monday, March 21, 2011 - 1:24pm | 68Kadant Inc. (NYSE: KAI) shares are skyrocketing today on heavy volume, up 3.7% to $25.18, a gain of 90 cents. Volume is exceptionally heavy, having traded more than 100,000 shares today. The average daily volume is just over 60,000 shares. Kadant Inc. develops, manufactures, and markets...