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Mexco Energy Corporation Announces Receipt of $450,000 and Plans for Additional Development of Properties
Thursday, June 30, 2011 - 3:38pm | 190Mexco Energy Corporation (NYSE: MXC) today announced developments regarding oil and gas properties in the Permian Basin. Mexco announced receipt of $450,000 in cash from Energen Corporation (NYSE: EGN) for the assignment of a five year term leasehold interest in 200 acres at $2,250 per acre. The...
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Bank Of America Reiterates Buy Rating On El Paso Pipeline
Thursday, June 30, 2011 - 8:24am | 160According to Bank of America, El Paso Pipeline (NYSE: EPB) announced the acquisition of an additional 28% interest in Colorado Interstate Gas Company (CIG) and the remaining 15% interest in Southern Natural Gas Company (SNG) from El Paso Corporation, (EP), EPB's general partner (GP), for a total...
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U.S. Department of Education Awards Kratos $1.7M Contract to Improve Reading Instructional Practices and Enhance Teacher Professional Development
Thursday, June 30, 2011 - 8:02am | 165Kratos Defense & Security Solutions, Inc. (Nasdaq: KTOS) announced today that it has received a follow-on contract supporting the Student Achievement in Reading (STAR) project from the Office of Vocational and Adult Education (OVAE), U.S. Department of Education (ED). The contract is valued at...
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A Peek Into The Market Before The Trading Starts
Thursday, June 30, 2011 - 7:27am | 399Pre-open movers US stock futures are slightly higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 16 points to 12,234.00 and futures on the S&P 500 stock index rose 1 point to 1,305.30. Nasdaq 100 futures gained...
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VIVUS Submits New Drug Application for Avanafil
Thursday, June 30, 2011 - 6:58am | 220VIVUS, Inc. (NASDAQ: VVUS) today announced that a New Drug Application (NDA) has been submitted to the U.S. Food and Drug Administration (FDA) seeking approval of avanafil, its investigational drug for the treatment of erectile dysfunction (ED). The NDA submission follows the successful completion...
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Stocks Going Ex Dividend the First Week of July
Thursday, June 30, 2011 - 1:45am | 766Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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California Water Service Group Expands Its Lines of Credit to $400M
Wednesday, June 29, 2011 - 3:15pm | 117California Water Service Group (NYSE: CWT) today announced that it has expanded the unsecured revolving credit facilities available to the Group and its subsidiaries to $400 million and extended the term for five years. $300 million of the expanded credit facilities is available to California Water...
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Minnesota Power Reaches Long-Term Agreement with Municipal Customers
Wednesday, June 29, 2011 - 8:32am | 146Minnesota Power, an ALLETE company (NYSE: ALE), has reached agreement with 15 Minnesota municipal customers on new wholesale electric service contracts that take effect July 1 and extend through June 30, 2019. The municipal electric service contracts continue using formula-based electric rates...
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Jefferies Maintains Estimates On Progress Energy
Wednesday, June 29, 2011 - 8:10am | 100According to Jefferies, Progress Energy (NYSE: PGN) provided an update on Crystal River, including more details on its plans for repair work. Jefferies said that it believes that obtaining PSC approval for a prudency review prior to the company moving forward with the repair, which is estimated to...
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JP Morgan Comments on Shaw Group FQ3
Wednesday, June 29, 2011 - 8:05am | 138Shaw Group (NYSE: SHAW) reported F3Q EPS of -$0.86, “well below our estimate of +$0.76 (Street at +$0.69),” JP Morgan reports. “Results reflected a significant charge ($0.88/share) due to subcontractor execution issues on an E&C project, and a $0.37/share impairment charge on a loan to NINA's...
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Jefferies Maintains Exelon Estimates
Wednesday, June 29, 2011 - 7:43am | 61Jefferies is maintaining its 2011 and 2012 EPS estimates of $4.10 and $2.85, respectively, on shares of Exelon (NYSE: EXC). “We are maintaining our 2013 EPS estimate of $3.10,” Jefferies writes. “We believe there is significant upside to our estimates including the impact of revenue enhancements,...
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Jefferies Changes PT On RAIL, HSC, PGN
Wednesday, June 29, 2011 - 6:16am | 58Jefferies & Company has changed the price target on the following companies: FreightCar America (NASDAQ: RAIL) Buy, PT from $35.00 to $30.00 Harsco (NYSE: HSC) Buy, PT from $40.00 to $38.00 Progress Energy (NYSE: PGN) Hold, PT from $49.00 to $48.50
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Stocks to Watch for 6/29/11: Fresh 52 Week Highs and Lows
Wednesday, June 29, 2011 - 4:11am | 2861Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session: 1) CIGNA (NYSE: CI): Shares of CIGNA hit a 52-week high of $51.16 in Tuesday's...
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Top 4 Mid-Cap Stocks In The Gas Utilities Industry With The Highest EPS Estimates
Wednesday, June 29, 2011 - 12:44am | 150Below are the top mid-cap gas utilities stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for Energen Corporation (NYSE: EGN) for the next year ending December, 2012 is $4.10 per share. EGN's trailing-twelve-month operating margin is 31.60%....
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Mad Money Lightning Round: Cramer Likes Cheesecake Factory
Wednesday, June 29, 2011 - 12:40am | 325On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he “really likes Cheesecake Factory (NASDAQ: CAKE).” He added, “It's a well run company and I'm a buyer." He said that Ezcorp (NASDAQ: EZPW) is “part of the expanding lower class theme. It fits into my dollar store thesis and I...