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Benzinga's Volume Movers (OXPS, VRGY, LEAP, NNBR)
Monday, March 21, 2011 - 10:49am | 205optionsXpress Holdings Inc (NASDAQ: OXPS) shares moved up 14.94% to $17.62 at 10:48 am. The volume of OXPS shares traded was 2378% higher than normal. Charles Schwab Corp (NYSE: SCHW) announced its plans to acquire OXPS in a stock-for-stock deal valued at around $1 billion. Verigy Ltd (NASDAQ:...
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Illinois Tool Works (ITW) Gains On Upbeat Projections
Monday, March 21, 2011 - 8:46am | 86Shares of Illinois Tool Works Inc (NYSE: ITW) gained about 1% in pre-market trading after the company issued stronger-than-expected FQ1 and full-year projections. ITW projects Q1 net earnings of $1.14 to $1.20 per share and full-year earnings from continuing operations of $3.93 to $4.17 per share...
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ITW Expects Expects Q1 EPS of $1.14 to $1.20
Monday, March 21, 2011 - 8:10am | 216Illinois Tool Works Inc. (NYSE: ITW) today reported a total operating revenue increase of 11 percent for the three months ended February 28, 2011 compared to the year-ago period. Based on the elimination of the one month lag for international results and the resulting calendar year reporting...
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Merger Arbitrage Mondays – March 21, 2011
Monday, March 21, 2011 - 1:24am | 4927Merger activity increased last week with four new deals announced and two deals closing. Over the weekend, AT&T (T) announced that it was buying T-Mobile USA in a deal worth $39 billion. Sprint's (S) stock had trended upwards in recent week on expectations that it would merge with T-Mobile....
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Mad Money Lightning Round OT: Cramer Is a Buyer Of FRC (FRC, ANDE, CMCO)
Friday, March 18, 2011 - 10:29pm | 228On CNBC's Mad Money Lightning Round OT, Jim Cramer said that First Republic Bank (NYSE: FRC) is going higher. It has a great wealth management business, and the banks are coming back into favor. He added that it is not the cheapest, but it might be the best run. Cramer really likes this stock....
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IDT Also Thinks Good Things Come In Twos
Friday, March 18, 2011 - 12:57pm | 55Spinoffs have been relatively popular recently and you know how 'fads' go. Once a trend begins, people (in this case companies) try to one up another by going bigger. Better. Bolder. One spinoff isn't enough anymore so Fortune Brands (FO), ITT (ITT) and even Carrefour (CRERY) went for two. Please...
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Gabelli & Company Maintains Clarcor Hold (CLC)
Friday, March 18, 2011 - 10:04am | 105Gabelli & Company maintained its Clarcor (NYSE: CLC) Hold rating in a research note published today. In the note, Gabelli & Company states, "As largely a provider of aftermarket goods, CLC has been and expects to continue to be able to pass on increased commodity costs to its customers. It...
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Hudson Securities Reiterates Buy Rating on Manitex International (MNTX)
Friday, March 18, 2011 - 9:28am | 138Hudson Securities is out with a research report this morning, where it reiterates its Buy rating on Manitex International (NASDAQ: MNTX); it has a $9.00 price target on the stock, up from $6.00. The HS analysts cited the company's recent earnings results, which were better than their expectations...
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Citi Maintains Actuant $32 PT (ATU)
Friday, March 18, 2011 - 8:54am | 113Citi maintained its Actuant (NYSE: ATU) $32 price target in a research note published today. In the report, Citi states, "Investors have come to expect more than the in-line results Actuant delivered in 2Q11, and worries about the recently closed Mastervolt deal contributed to the 4.5% share...
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Kennametal Management Meeting with Financial Community at CONEXPO-CON/AGG
Friday, March 18, 2011 - 8:39am | 69Kennametal Inc. (NYSE: KMT) announced today that Chairman, President and Chief Executive Officer, Carlos Cardoso will meet with various members of the financial community on Tuesday, March 22, 2011 at CONEXPO-CON/AGG in Las Vegas. Held every three years, this event is an international exposition...
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US Stock Futures Up After G-7 Intervention, China Raises Banks' Reserve Requirement Ratio
Friday, March 18, 2011 - 6:55am | 377US stock futures are higher this morning, as finance ministers and central bankers from the G-7 nations decided to intervene in currency markets to support Japan in curbing the Japanese currency's rise after strong earthquake and tsunami. Futures for the Dow Jones Industrial Average surged 63...
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Stocks To Watch For March 18 (NKE, LDK, PERY, CPWM, PLL)
Friday, March 18, 2011 - 1:13am | 315Some of the stocks that may grab investor focus today are: Nike Inc (NYSE: NKE) reported its FQ3 profit at $523 million, or $1.08 per share, up from $497 million, or $1.01 per share, in the year-ago period. The company's sales increased 7% to $5 billion. However, analysts were expecting earnings...
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Manitex International, Inc. Reports Q4 EPS of $0.08 vs. $0.07
Thursday, March 17, 2011 - 4:05pm | 57Manitex International, Inc. (Nasdaq: MNTX) today announced fourth quarter and full year 2010 revenues of $29.5 million and $95.9 million respectively, representing 98% and 72% respective year-over-year increases. Net income for the fourth quarter of 2010 was $0.9 million or $0.08 per share and $2...
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3-17-11 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com
Thursday, March 17, 2011 - 12:49pm | 4242Associated Press Stocks rebound as news on the economy improves Stocks rebound from a steep fall on better economic news; unemployment claims drop NEW YORK (AP) — Better economic reports are lifting stocks a day after the market had its biggest drop in seven months. The number of people applying...
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Will HRBN, FSIN, CSR, CFSG Ever Go Private?
Thursday, March 17, 2011 - 12:40pm | 122On CNBC this afternoon, Herb Greenberg highlighted Harbin Electric, Inc. (NASDAQ: HRBN), Fushi Copperweld, Inc. (NASDAQ: FSIN), China Security & Surveillance Technology, Inc. (NYSE: CSR) and China Fire & Security Group, Inc. (NASDAQ: CFSG), all of which have previously said they were going...