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Morning Market Movers
Thursday, July 7, 2011 - 8:54am | 141APAC Customer Services Inc (NASDAQ: APAC) climbed 54.96% to $8.43 at 9:50 am. APAC agreed to be bought by OneEquity Partners for $8.55 per share. China Auto Logistics Inc (NASDAQ: CALI) jumped 49.14% to $1.73. CALI successfully closed the sale of three million unregistered common shares to...
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APAC to be Bought by Private JPMorgan Chase Equity for $470M, $8.55/Sh
Thursday, July 7, 2011 - 6:48am | 56APAC Customer Services (NASDAQ: APAC) announced today that they have entered into a definitive merger agreement under which an affiliate of One Equity will acquire 100% of APAC, through an all-cash transaction with an aggregate equity value of approximately $470 million. APAC's Board of Directors...
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U.S. Stocks Add To Gains
Monday, June 27, 2011 - 10:51am | 73Stocks added to gains and were near session highs Monday as the dollar weakened. The Nasdaq climbed 1%, boosted by Internet and data storage firms. The S&P 500 gained 0.6% and the NYSE composite rose 0.5%. Advancers beat decliners by 2-to-1 on the NYSE and slightly less than 2-to-1 on the...
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Benzinga's Volume Movers
Thursday, June 23, 2011 - 9:22am | 155Coffee Holding Co Inc (NASDAQ: JVA) shares surged 5.02% to $16.12 at 10:22 am. The volume of JVA shares traded was 245% higher than normal. JVA shares have jumped 209.48% over the past 52 weeks, while the S&P 500 index has gained 17.87% in the same period. Bed Bath & Beyond Inc (NASDAQ:...
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Herman Miller up 10% on Higher Than Expected Earnings
Thursday, June 23, 2011 - 8:41am | 54Herman Miller (NASDAQ: MLHR) is up 10% on the session on the higher than expected earnings that were announced yesterday after the close. The company reported EPS of $0.30 vs. $0.26 estimate and revenues of $441.5 vs. $417.9M estimate. Herman Miller is currently trading at $26.34, which is a gain...
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Bank of America Provides Color on Tobacco Industry
Thursday, June 23, 2011 - 7:34am | 471Bank of America provided color on the tobacco industry. In a research report published today, Bank of America commented on the Master Settlement Agreement payments. In the report, Bank of America states, "According to the Wall Street Journal, major cigarette manufacturers, including Altria,...
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Herman Miller
Wednesday, June 22, 2011 - 6:19pm | 32Herman Miller (MLHR), a maker of office furniture, said Q4 EPS tripled to 30 cents, topping by 4 cents. Sales grew 37% to $441.5 mil, above forecasts. Shares rose 3.5%.
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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 4:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Options Brief: Hyperdynamics Corporation
Wednesday, June 22, 2011 - 10:30am | 109Shares of Hyperdynamics Corporation (AMEX: HDY) are higher on the session by 1.15%, trading at $4.38. Overall put volume is now running at 4.98x the daily average, with 53% of all puts traded being purchases on the offer. 2,158 contracts have traded on the session so far. Hyperdynamics...
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Earnings Scheduled For June 22
Tuesday, June 21, 2011 - 11:48pm | 329Paychex Inc (NASDAQ: PAYX) is projected to report its FQ4 earnings at $0.33 per share on revenue of $515.91 million. FedEx Corp (NYSE: FDX) is estimated to post its FQ4 earnings at $1.72 per share on revenue of $10.42 billion. Red Hat Inc (NYSE: RHT) is estimated to post its Q1 EPS at $0.22 on...
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BGB Securities Reiterates Buy on Sykes Enterprises
Tuesday, June 21, 2011 - 7:36am | 67BGB Securities is out with its report today on Sykes Enterprises (NASDAQ: SYKE), reiterating Buy. In a note to clients, BGB Securities writes, "We are reiterating our Buy rating and $30 price target after hosting several meetings with investors last week. We believe the fundamentals of the...
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Basic Materials Sector Sinking to Intraday Lows
Friday, June 17, 2011 - 12:23pm | 371The Basic Materials Sector is the weakest performing area of the market in today's session, currently down 0.3% on the day. The weakest performing stocks in the S&P Basic Materials Sector currently are: 1) CF Industries (NYSE: CF): Shares of CF Industries are currently trading down 4% from...
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Greg Carr Joins APAC as Chief Marketing and Sales Officer
Tuesday, June 14, 2011 - 12:06pm | 52APAC Customer Services, Inc. (NASDAQ: APAC) today announced that industry marketing and sales veteran Greg Carr has joined the company as SVP, CMO and Chief Sales Officer. Mr. Carr joins APAC from Alorica/PRC, where he was senior vice president of sales and marketing.
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Top Performing Industries For June 14
Tuesday, June 14, 2011 - 9:13am | 199At 10:10 am, the Dow rose 0.96% to 12,068.09, the broader Standard & Poor's 500 index moved up 1.17% to 1,286.66 and the NASDAQ composite index gained 1.35% to 2,675.30. The industries that are driving the market today are: Electronics Stores: This industry jumped 4.69% by 10:10 am. The top...
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Stifel Nicolaus Reiterates Buy on Sykes Enterprises
Tuesday, June 14, 2011 - 8:01am | 95Stifel Nicolaus is out with its report today on Sykes Enterprises (NASDAQ: SYKE), reiterating Buy. In a note to clients, Stifel Nicolaus writes, "We are reiterating our Buy rating and $26 target price on the shares after recent management meetings. We continue to think that the company is on track...