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Baidu Moves Into New Trading Range Above $694.79 (BIDU)
Wednesday, May 12, 2010 - 12:57am | 11Mindray Medical International Set to Rebound after Yesterday's Selloff of 7.74% (MR)
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Newmont Mining: 52-Week High Recently Eclipsed (NEM)
Wednesday, May 12, 2010 - 12:57am | 11Mindray Medical International Set to Rebound after Yesterday's Selloff of 7.74% (MR)
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SPDR Gold Trust Breaks Above 3-day Trading Range at $118.88 (GLD)
Wednesday, May 12, 2010 - 12:57am | 11Mindray Medical International Set to Rebound after Yesterday's Selloff of 7.74% (MR)
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Watch for Continued Gains in Shares of SPDR Gold Trust (GLD)
Wednesday, May 12, 2010 - 12:56am | 11Mindray Medical International Set to Rebound after Yesterday's Selloff of 7.74% (MR)
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Benzinga’s Top Upgrades (ZEUS, VISN, CAKE, JBHT, CCO)
Tuesday, May 11, 2010 - 11:06am | 193Olympic Steel Inc (NASDAQ: ZEUS) was upgraded by KeyBanc Capital Markets from “hold” to “buy.” ZEUS’ shares closed at $27.13 yesterday. Olympic Steel has lost 16.68% year-to-date. Auriga upgraded VisionChina Media Inc (NASDAQ: VISN) from “sell” to “hold.” VISN’s shares closed at $3.81 yesterday....
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Market Roundup (GENZ, GS, C, TOSBF.PK, CAR, DTG, HTZ, HTRN, ENDP)
Thursday, May 6, 2010 - 2:18pm | 257Shares of Genzyme (NASDAQ: GENZ) gained marginally by 1% following the news of its $2 billion share buyback, out of which $1 billion will be financed by debt. Goldman (NYSE: GS) is now paying more for cash on the open market than bailed-out Citigroup (NYSE: C). Dick Bove says, “No one’s attacking...
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Dollar Thrifty Acquisition May Attract Antitrust Inquiry (DTG, CAR, HTZ)
Tuesday, May 4, 2010 - 6:36pm | 174Avis Budget (NYSE: CAR) had recently demonstrated its interest in acquiring Dollar Thrifty (NYSE: DTG). However, Hertz (NYSE: HTZ), which is also trying to acquire DTG, is not the only roadblock Avis (CAR) might have to face. The deal is also likely to attract scrutiny from anti-trust regulators...
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Avis To Make A Counteroffer For Thrifty Dollar (CAR, DTG, HTZ)
Tuesday, May 4, 2010 - 7:15am | 118Avis Budget Group Inc. (NYSE: CAR) has announced its intention to come up with a “substantially higher” counteroffer for rental-car company Dollar Thrifty Automotive Group Inc. (NYSE: DTG). Hertz Global Holding Inc. (NYSE: HTZ) has made a bid of $41 per share for Dollar Thrifty. Avis’ Chief...
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News Summary (CAL, UAUA, CAR, DTG, HTZ, AAPL)
Monday, May 3, 2010 - 3:20pm | 227The hottest news that hit the markets today was the merger of United (NASDAQ: UAUA) and Continental (NYSE: CAL). UAUA and CAL might, however, need to put a stop to some flights to win the approval for the first proposed airline merger being reviewed by the Obama administration. A former...
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Market Roundup (BA, HYMLF.PK, AAPL, HTZ, DTG, CAR, DRL)
Monday, May 3, 2010 - 3:14pm | 247The deal inked by Boeing (NYSE: BA) for F/A-18 fighters may be delayed by the Navy as it has asked for more time from the Congress on a deadline for recommending the deal. Hyundai (OTC: HYMLF.PK) sales jumped 30% with Sonata as its top seller, which gained 57%, while Tucson surged 171%. The new...
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Dollar Thrifty Automotive Group Inc. (DTG) All Set To Command Higher Valuations
Monday, May 3, 2010 - 1:28pm | 194Avis Budget Group Inc. (NYSE: CAR) has got ambitious plans to offer a higher price than a rival's bid for Dollar Thrifty Automotive Group Inc. (NYSE: DTG), saying the rental car company agreed to sell itself too cheaply. Avis' Budget Group Inc. (CAR) chairman and CEO said he wants Dollar Thrifty (...
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Avis Makes Counter-Offer For Dollar Thrifty (CAR, DTG, HTZ)
Monday, May 3, 2010 - 11:36am | 152Avis Budget Group (NYSE: CAR) has proposed a counter-offer for Dollar Thrifty Automotive Group Inc. (NYSE: DTG). Dollar Thrifty (DTG) has recently entered into an acquisition deal with Hertz Global Holding Inc. (NYSE: HTZ), where the latter agreed to buy Thrifty’s business at $41 a share....
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Avis Budget Asks For Information From Dollar Thrifty To Make Counterbid
Monday, May 3, 2010 - 10:57am | 198The top executive of Parsippany, New Jersey-based Avis Budget Group Inc (NYSE: CAR) has called in to discuss its bid with Dollar Thrifty Automotive Group Inc’s (NYSE: DTG) board of directors. CAR’s executives have made the move after DTG signed the takeover deal with Hertz Global Holdings Inc (NYSE...
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Merger Arbitrage Mondays – May 03, 2010
Monday, May 3, 2010 - 7:45am | 4751We saw twice as many Merger and Acquisition announcements last week when compared to the prior week with six new deals announced. One deal closed and CKE scrapped the THL deal to accept Apollo’s takeover bid for $12.55 per share. The deal that closed was the acquisition of Techwell (TWLL) by...
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Benzinga’s Top Downgrades (WL, CXG, SFSF, GLBC, DTG)
Thursday, April 29, 2010 - 11:19am | 194Wilmington Trust Corp (NYSE: WL) was downgraded by Boenning & Scattergood from “neutral” to “under perform.” WL’s shares gained 1.25% to $17.77 by 9:58 am. WL’s EPS has fallen by 8.36% in the past five years. Howard Weil downgraded CNX Gas Corp (NYSE: CXG) from “market outperform” to “market...