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Stocks Shake Off Early Losses, Finish Flat (SPY, QQQQ, GLD, USO, TLT, UUP)
Monday, August 16, 2010 - 6:33pm | 324Stocks opened lower on Monday, but were able to rally back to the flatline by the end of the trading session. The Dow Jones Industrial Average finished 1 point lower at 10,302. The widely watched blue-chip index traded in a range between 10,209 and 10,333. The SPDR S&P 500 ETF (NYSE: SPY)...
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Dell To Acquire 3PAR For $1.15B - Analyst Blog
Monday, August 16, 2010 - 4:05pm | 689Dell Inc. (DELL) signed a definitive agreement to acquire enterprise storage products manufacturer 3PAR Inc. (PAR). The deal has been valued at $1.15 billion. Under the terms of agreement, Dell will pay $18 for each outstanding common share of 3PAR in cash, an 86.5% premium to the price end of...
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Top 5 Percentage Gainers On NYSE (PAR, TAM, UTI, BPI, CML)
Monday, August 16, 2010 - 3:38pm | 183These stocks are the top 5 performing stocks on the NYSE today in terms of percentage gains. (100,000 shares or more traded) Shares of 3PAR Inc Common Stock (NYSE: PAR) are at $17.97, skyrocketing $8.32 or 86.22% after the data storage company agreed to be acquired by Dell (NASDAQ: DELL). Shares of...
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Top Narrow Based Indexes For August 16 (PAR, CBOU, HEV)
Monday, August 16, 2010 - 1:33pm | 228By 1:09 pm, the Dow Jones Industrial Average was up 16.35 points, or 0.16%, to 10,319.50, while the broader Standard & Poor's 500 index had gained 2.05 points, or 0.19%. The NASDAQ composite index rose 15.57 points, or 0.72%. Some of the narrow based indexes that are driving the market are...
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3PAR Jumps On Acquisition News
Monday, August 16, 2010 - 11:29am | 97Shares of 3PAR Inc (NYSE: PAR) are rising after Dell Inc (NASDAQ: DELL) agreed to acquire PAR. PAR’s shares gained 85.85% to $17.93 at 11:00 am. DELL has agreed to buy PAR for $1.15 billion or $18 in cash for each share of 3Par, representing an 86% premium to the Friday’s closing price of 3Par....
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News Summary (BLK, BAC, COF, DELL, PAR)
Monday, August 16, 2010 - 10:30am | 241According to the Treasury Department, foreign investors have purchased a net $44.4 billion of long-term US assets in June, as compared to $35.3 billion in May. The international demand for Treasury has gained slightly to $33.9 billion in June, up from an increase of $32.9 billion in May. According...
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Unconfirmed Rumors That Qualcomm Will Produce Parts of A Verizion i Phone
Monday, August 16, 2010 - 10:25am | 49There is unconfirmed chatter that Qualcomm (Nasdaq: QCOM) will receive a contract to build parts of the potential Verizon (NYSE: VZ) Apple (Nasdaq: AAPL) I-phone.
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Expiration Week Earnings Events and Long Straddles
Monday, August 16, 2010 - 9:28am | 1686Before weekly options expanded to include weeklys on individual equities, it was rare for options expiration and corporate earnings reports to fall during the same week. One week, at-the-money (ATM) options have very little time value, obviously, large gamma, and negative theta. With such little...
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A Peek Into The Market Before Today’s Trading (DELL, PAR, LOW, VED.L)
Monday, August 16, 2010 - 8:54am | 352US Stock Futures dipped on Monday, in response to disappointing Q2 growth data from Japan and speculations of lower-than-expected New York manufacturing data. Futures on the S&P 500 fell 2.9 points to 1,073, the DJIA fell 16 points to 10,250, and the NASDAQ fell 1.25 points to 1,814. What’s...
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Benzinga’s Top Pre-Market NASDAQ Losers (COCO, RIMM, BIDU, AAPL)
Monday, August 16, 2010 - 8:42am | 164Corinthian Colleges Inc (NASDAQ: COCO) dipped 8.11% to $6.12 in the pre-market session. Analysts at Deutsche Bank downgraded COCO from “buy” to “hold.” Research In Motion Limited (NASDAQ: RIMM) lost 1.46% to $52.62 in the pre-market session. According to the federal communications minister, India...
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Dell Picks Off 3Par In All Cash Deal (DELL, PAR)
Monday, August 16, 2010 - 7:47am | 156Computer maker (NASDAQ: DELL) is buying data-storage company 3PAR Inc. (NYSE: PAR) for $1.15 billion in cash, paying a whopping 86.5% premium for the company writes the Wall Street Journal. Dell will pay $18 a share for the company. 3Par closed on Friday at $9.65. Dell is making inroads into...
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Apple Manager Indicted on Wire Fraud, Money Laundering (AAPL)
Monday, August 16, 2010 - 6:10am | 164A manager at Apple Inc. (NASDAQ: AAPL) has been indicted by a federal grand jury in an alleged scheme involving fraud, money laundering, and illegal kick backs. The manager is accused of selling confidential information to suppliers of iPhone and iPod accessories. Authorities say Paul Shin Devine...
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The Magic Kingdom of the Disney Company
Sunday, August 15, 2010 - 3:14am | 598The Disney team will be doing some heavy celebrating over the course of the next few weeks, as not only will they enjoy the benefits from the release of Toy Story 3 but at the turn of this year's 3rd financial quarter, they also saw their earnings per share rise sharply. The Walt Disney Company (...
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HP’s Hurd Crisis Creates A Value Play
Saturday, August 14, 2010 - 4:36pm | 1988Dian L. Chu, Economic Forecasts & Opinions Hewlett-Packard Company (HPQ) has had a bad week since the announcement that Mark Hurd was resigning. HPQ stock is currently sitting at $40.40, just off the 52 week low of $39.95 established on Thursday after Cisco`s CEO John Chambers gave tempered...
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Back to School Stocks (WMT, AAPL, URBN)
Friday, August 13, 2010 - 4:05pm | 380The "Back to School" season is upon us, as college kids and younger kids go back to school. Some of them are already in the process of returning, especially college kids, as they move back into dorms and campus apartments. Investors can take advantage of this trend, as it means increased...