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Ball Corp. Realigns Production - Analyst Blog
Wednesday, January 26, 2011 - 7:14pm | 812Ball Corporation (BLL) announced several actions to better realign its manufacturing footprint in North America in order to meet changing customer demand. The company plans to decrease its overall installed beverage can capacity by closing its Torrance, California plant and estimates a related...
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Klaus Kleinfeld Says Asia, Mideast Helping Aluminum (AA)
Wednesday, January 26, 2011 - 10:51am | 222Klaus Klienfeld, CEO of Alcoa Inc. (NYSE: AA) said that aluminum demand will double by 2020, led by demand from China, Brazil, and the Middle East. “We see places like China continuing to lead with growth of 21 percent last year, 13 percent this year,” Kleinfeld said in an interview in Davos,...
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Bank of America, Johnson & Johnson Lead Dow Lower (BAC, JNJ, AA)
Tuesday, January 25, 2011 - 4:42pm | 100Stocks saw some selling pressure on Tuesday, but have reversed course into the close. With around 20 minutes left in the trading day, the Dow Jones Industrial Average is 40 points lower at 11,941. Among the biggest Dow losers on Tuesday are Bank of America (NYSE: BAC), Johnson & Johnson (NYSE...
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Stock Market News for Jan 25, 2011 - Market News
Tuesday, January 25, 2011 - 11:01am | 1031A strong rally led by natural resources and tech shares helped markets to close in the green with the Dow nearing its psychological 12000 mark for the first time since June 2008. Tech stocks zoomed after chip maker Intel announced increased dividends and possible buy back of shares. The Dow Jones...
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Stock Market News for Jan 25, 2011 - Market News
Tuesday, January 25, 2011 - 10:37am | 1031A strong rally led by natural resources and tech shares helped markets to close in the green with the Dow nearing its psychological 12000 mark for the first time since June 2008. Tech stocks zoomed after chip maker Intel announced increased dividends and possible buy back of shares. The Dow Jones...
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Timers Market 01-24-2011
Monday, January 24, 2011 - 7:40pm | 922Cusick's Corner Today's market can be surmised as a timers market. When we were wrapping up last year, I mentioned that 2011 market movements will not have the breadth that we experienced in 2010, especially in Q4. This means that certain sectors will gain traction while others lag, and not just...
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Blue Chips Picking up Slack 01-24-2011
Monday, January 24, 2011 - 4:41pm | 898Cusick's Corner This week starts off with a change at the helm. Small Caps, RUT, have lost all momentum and the Blue Chips, DJX, are picking up the slack early in this earnings season. The S&P and NASDAQ are in a consolidation at this stage, most likely because the heavy data and earnings...
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 3:31pm | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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A Good Start to Earnings Season - Earnings Trends
Monday, January 24, 2011 - 1:00am | 4949Key Points: 4Q earnings season off to great start, but still very early, with just 81 of S&P 500 firms having reported. Median surprise of 6.56% and surprise ratio of 3.69 for EPS, 1.50% and 3.47 for revenues. Reported (81 firms) fourth quarter earnings growth of 63.3%, expected (419 firms)...
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Stock Market News for Jan 21, 2011 - Market News
Friday, January 21, 2011 - 11:01am | 733Fears of additional tightening measures by China to control inflation turned investors jittery on Thursday as markets shed a few points. Lackluster and mixed earnings reports did little to restore investors' faith. However, positive economic data helped the indices avoid a big fall. Stronger...
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Stock Market News for Jan 21, 2011 - Market News
Friday, January 21, 2011 - 10:15am | 733Fears of additional tightening measures by China to control inflation turned investors jittery on Thursday as markets shed a few points. Lackluster and mixed earnings reports did little to restore investors' faith. However, positive economic data helped the indices avoid a big fall. Stronger...
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Market Re-Run 01-20-2011
Thursday, January 20, 2011 - 3:47pm | 1042Cusick's Corner Here's the long and short of this market action -- profit taking. While this has not violated the larger uptrend, this is a distribution that we have not seen in over a month. Right now the market looks and feels a lot like last spring, where after a nice run up, consolidation,...
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Ball Corporation Acquires Aerocan - Analyst Blog
Wednesday, January 19, 2011 - 6:01pm | 586Announced in December 2010, Ball Corporation (BLL) has completed the acquisition of Aerocan SAS from Barclays Private Equity for approximately 221 million euros ($293 million), including assumption of debt and other liabilities. Aerocan is an European manufacturer and the largest supplier of...
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Ball Corporation Acquires Aerocan - Analyst Blog
Wednesday, January 19, 2011 - 5:11pm | 586Announced in December 2010, Ball Corporation (BLL) has completed the acquisition of Aerocan SAS from Barclays Private Equity for approximately 221 million euros ($293 million), including assumption of debt and other liabilities. Aerocan is an European manufacturer and the largest supplier of...
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This Earnings Season - Appeasements and Punishments
Wednesday, January 19, 2011 - 5:55am | 785Since Aloca (NYSE: AA) kicked off the current earnings season on Jan 10, there were two distinct reactions to the results - Appeasements and Punishments. The current market sentiment and the two different reactions are best captured by this little story: Everyone is appeased upon getting an Apple...