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A Peek Into The Market Before The Trading Starts
Tuesday, August 23, 2011 - 6:31am | 370Pre-open movers US stock futures are higher this morning. Futures for the Dow Jones Industrial Average surged 121 points to 10,968.00 and S&P 500 index futures rose 15.30 points to 1,138.60. Nasdaq 100 futures gained 26.00 points to 2,070.00. A Peek Into Global Markets European markets were...
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Apple Producing Lower-Cost 8GB iPhone: Report
Tuesday, August 23, 2011 - 6:07am | 227Technology giant Apple (NASDAQ: AAPL) has begun production of a cheaper 8GB version of its wildly popular iPhone, two people familiar with the matter told Reuters Tuesday. The move would likely be aimed at growing Apple's global market penetration by targeting lower-end users who don't want to pay...
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Apple Makes $350+ on Every iPhone Sold
Tuesday, August 23, 2011 - 6:00am | 186Now you know why Apple prefers to sell hardware, not software. The Atlantic and Visual.ly have an amusing (if not scary) infographic from iSuppli that reveals that Apple (NASDAQ: AAPL) is making an average of $368 for every iPhone sold. This is based on an average selling price of $560 and...
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Standard & Poor's Announces Changes to U.S. Index
Monday, August 22, 2011 - 5:26pm | 134S&P will make the following changes to the S&P SmallCap 600 index: GT Advanced Technologies (NASDAQ: GTAT) will replace Radiant Systems (NASD: RADS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 24. S&P MidCap 400 constituent NCR (NYSE: NCR) is...
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HP Adds Pre 3 to WebOS Bargain Bin
Monday, August 22, 2011 - 5:08pm | 86Just two days after slashing prices on their two TouchPad models, Hewlett-Packard (NYSE: HPQ) announces they are deeply discounting the Pre 3 phone, which also runs on WebOS. Originally available for around $500 in the UK and France, the phones will now sell for $75, contract free. For now, the...
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Another Early Rally Goes Up In Smoke
Monday, August 22, 2011 - 2:29pm | 308Traders should remember the old market adage, it is not how they open them, it is how they close them. This morning, the major stock indexes started the morning sharply higher, however, that rally began to fade once the opening bell rang at the New York Stock Exchange. Traders are really showing...
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Apple's Pointless Battle Over Rectangles - Outrage
Monday, August 22, 2011 - 12:43pm | 146(TheStreet) -- Apple (NASDAQ: AAPL) is wasting its time and money battling over patents in a vanity-inspired legal effort to monopolize the tablet market with its iPad. We'll no doubt be hearing a lot about tablet lawsuits this week when Apple and Samsung face off during oral arguments before a...
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Developers Working to Get Android OS on to $99 HP TouchPad
Monday, August 22, 2011 - 9:07am | 72A team of developers at RootzWiki are working on the Touchdroid project, which will enable the Hewlett-Packard (NYSE: HPQ) TouchPad to run on Google's (NASDAQ: GOOG) operating system. Over the weekend HP slashed prices of its discontinued TouchPad models; $99 for the 16GB model; $149 for the 32GB...
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NCR Completes Tender Offer for Outstanding Shares of Radiant Systems
Monday, August 22, 2011 - 8:01am | 183NCR Corporation (NYSE: NCR) today announced the successful completion of the cash tender offer through its wholly owned subsidiary, Ranger Acquisition Corporation, for all of the outstanding shares of common stock of Radiant Systems, Inc. (NASDAQ: RADS) for $28.00 per share, net to the seller in...
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UPDATE: Auriga Lowers PT on Hewlett-Packard Company from $43 to $32
Monday, August 22, 2011 - 6:54am | 105Auriga has published a research report on Hewlett-Packard Company (NYSE: HPQ) lowering the price target. In the report, Auriga wrote, "Friday's sharp sell-off in HPQ shares inspired us to take a further look at the value that might be embedded in the current mess that is HP. We conducted a three-...
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Google Still Wants Hulu, Willing to Pay $2 Billion; Amazon, Yahoo! and DirecTV on Board as Well?
Monday, August 22, 2011 - 6:46am | 280But isn't that chump change compared to what Hulu is or will be worth? The Wall Street Journal (via Business Insider) reports that Google (NASDAQ: GOOG) is still aggressively seeking ownership of Hulu. With a price tag ranging from a paltry $500 million to a questionably low $2 billion, Google...
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Financial Breakfast for August 22, 2011
Monday, August 22, 2011 - 6:46am | 672This is your Benzinga news summary and traders' outlook for Monday, August 22, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading higher. Also, the price of gold hit a new record high, as investors around...
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HP Subsidiary NHIC Corp. Awarded $72.3M Contract by U.S. Centers for Medicare & Medicaid Services
Monday, August 22, 2011 - 6:45am | 104HP Enterprise Services today announced that NHIC Corp., a subsidiary of HP (NYSE: HPQ), has been awarded a $72.3 million, five-year contract renewal by the U.S. Centers for Medicare & Medicaid Services to continue servicing Durable Medical Equipment suppliers in 11 northeastern U.S. states and...
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Benzinga's Top Upgrades
Monday, August 22, 2011 - 6:35am | 131Analysts at Auriga upgraded Hewlett-Packard Company (NYSE: HPQ) from “hold” to “buy.” HPQ's shares closed at $23.60 on Friday. Hewlett-Packard's PEG ratio is 0.70. Analysts at Credit Suisse upgraded SLM Corporation (NYSE: SLM) from “neutral” to “outperform.” SLM's shares closed at $12.73 on Friday...
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A Peek Into The Market Before The Trading Starts
Monday, August 22, 2011 - 6:29am | 380Pre-open movers US stock futures are higher this morning. Futures on the Dow Jones Industrial Average surged 102 points to 10,922.00 and futures on the S&P 500 stock index rose 12.70 points to 1,136.20. Nasdaq 100 futures gained 27.75 points to 2,068.75. A Peek Into Global Markets Asian...