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Stock Market News for April 27, 2010 - Market News
Tuesday, April 27, 2010 - 9:30am | 471U.S. stocks started a busy earnings week on a dull note as worries about financial reform and Greece’s lingering debt concerns hit the broader market. Caterpillar’s (NYSE:CAT) strong earnings report and a flurry of corporate deals gave an initial lift to stocks but financial concerns sent the...
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Hertz Global Holdings (HTZ) Shares Up 15%
Monday, April 26, 2010 - 3:49pm | 111Shares of Hertz Global Holdings, Inc. (NYSE: HTZ) surged on Monday, after the car rental company released financial results that beat Wall Street expectations. Hertz Global Holdings reported that it narrowed its 1st quarter net loss to $49.3 million, or 12 cents per share, from a net loss of $80.0...
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Top Performing Industries For April 26 (HAST, WHR, HTZ, PHHM, JOYG)
Monday, April 26, 2010 - 2:36pm | 288At 1:16 pm, Dow gained 32.12, or 0.29%, to 11,236.32, while the broader Standard & Poor's 500 index lost 1 or 0.08%. The Nasdaq composite index has also slipped 0.67 points or 0.03%. The industries that are helping the market keep afloat today are: Music & Video Stores: The top gainer of...
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Hertz Gets A Buy Rating (HTZ)
Monday, April 26, 2010 - 1:13pm | 135Hertz Global Holdings (NYSE: HTZ) has reported strong numbers for its first quarter. The company has also raised its guidance for the year. Equity research firm MKM partners has given the company a “Buy” rating. According to the report, the company is likely to be benefitted by its acquisition of...
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Today’s Buzzwords – Earnings Results and Mergers (CAT, WHR, C, HTZ, DTG, HUM)
Monday, April 26, 2010 - 12:40pm | 360Trading in Europe is up, despite widening yields on Greek debt. In the US, two big companies, Caterpillar (NYSE: CAT) and Whirlpool (NYSE: WHR), reported better-than-expected sales and earnings and raised their guidance. CAT was trading 4% up in the pre-open session, after reporting earnings at $0....
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HDFC Bank Ups Profit - Analyst Blog
Monday, April 26, 2010 - 10:30am | 492HDFC Bank’s (HDB) 2010 fiscal fourth quarter (ended March 31, 2010) net earnings of INR8.37 billion (US$188 million) were up 32.6% from the prior-year quarter, due primarily to a strong growth in net revenues and an improvement in asset quality, provisions and contingencies (primarily comprising...
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Company News for April 26, 2010 - Corporate Summary
Monday, April 26, 2010 - 9:30am | 238• Charles River (NYSE:CRL) announced plans to acquire China’s WuXi PharmaTech (NYSE:WX) for $21.25 in cash and common shares, a deal valued at $1.6 billion • Hertz (NYSE:HTZ) plans to buy Dollar Thrifty (NYSE:DTG) for $41, 80% in cash and 20% in stock, for $1.2 billion total • Citigroup (NYSE:C)...
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Hertz (HTZ) Reaches Agreement To Buy Dollar Thrifty (DTG)
Monday, April 26, 2010 - 8:26am | 116Hertz Global Holdings (NYSE: HTZ) announced today that it has reached an agreement to buy rival Dollar Thrifty Automotive Group (NYSE: DTG) for $1.17 billion in a cash and stock deal. According to USA Today, Hertz said that with the acquisition of Dollar Thrifty it will increase its presence to...
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Hertz Acquires Dollar Thrifty For $1.17 Billion
Monday, April 26, 2010 - 5:27am | 111Car rental giant Hertz (NYSE: HTZ) will acquire small rival Dollar Thrifty Group (NYSE: DTG) for $1.17 billion in cash and a stock, a transaction that may spur more consolidation in the car rental industry as the sector recovers from one of the worst recessions on record. Dollar Thrifty, whose...
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Arkansas Best (ABFS) Posts $21 Million Loss
Friday, April 23, 2010 - 8:18am | 125Arkansas Best Corporation (Nasdaq: ABFS) released financial results on Friday morning that failed to meet Wall Street earnings estimates. Arkansas Best Corp. reported a wider than expected 1st quarter net loss of $21.4 million, or 85 cents per share, compared with a loss of $18.2 million, or 73...
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CAR Started With Neutral
Thursday, April 22, 2010 - 10:35am | 42Analysts at Goldman initiate coverage of Avis Budget (NYSE: CAR) with a “neutral” rating. Shares of CAR fell 0.17% to $14.62 in pre-market trading. More Analyst Ratings here.
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Benzinga’s Volume Movers (CYBS, MANH, EPAY, RDEA, MRTN)
Wednesday, April 21, 2010 - 3:22pm | 220CyberSource Corporation (NASDAQ: CYBS) shares gained 31.92% to $25.65. The volume of CYBS shares traded was 22,266% higher than normal. VISA Inc (NYSE: V) is set to acquire CYBS in a $2 billion deal. Manhattan Associates, Inc (NASDAQ: MANH) shares climbed 11.39% to $30.42. The volume of MANH shares...
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Benzinga’s Top Downgrades (VITC, UHT, CHP, SAIA, FWRD)
Wednesday, April 21, 2010 - 10:46am | 190Roth Capital downgraded Vitacost.com, Inc (NASDAQ: VITC) from “buy” to “hold.” VITC’s shares lost 30.34% to $8.75 by 9:55 am. The PEG ratio of VITC is 2.04. Universal Health Realty Income Trust (NYSE: UHT) was downgraded by Jefferies from “buy” to “hold.” UHT’s shares lost 3.80% to $34.41 by 10:05...
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Benzinga’s Top Downgrades (VITC, UHT, CHP, SAIA, FWRD)
Wednesday, April 21, 2010 - 10:44am | 190Roth Capital downgraded Vitacost.com, Inc (NASDAQ: VITC) from “buy” to “hold.” VITC’s shares lost 30.34% to $8.75 by 9:55 am. The PEG ratio of VITC is 2.04. Universal Health Realty Income Trust (NYSE: UHT) was downgraded by Jefferies from “buy” to “hold.” UHT’s shares lost 3.80% to $34.41 by 10:05...
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Werner Enterprises (WERN) Misses Estimates Despite Strong Performance
Monday, April 19, 2010 - 6:00pm | 111Trucking company Werner Enterprises, Inc. (Nasdaq: WERN) just missed Wall Street expectations, while reporting strong revenue and earnings growth. Werner Enterprises reported 1st quarter net income climbed to $10.8 million, or 15 cents per share, up from $6.9 million, or 10 cents per share, a year...