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National Fuel Declares Quarterly Dividend Of $0.345
Thursday, March 10, 2011 - 12:36pm | 73The Board of Directors of National Fuel Gas Company (NYSE: NFG) today approved payment of a regular quarterly dividend of $0.345 cents per share on the Company's common stock. The dividend is payable April 15, 2011, to shareholders of record at the close of business on March 31, 2011. The Company...
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FirstEnergy Corporation Officer Sells 317,701 Shares of FE
Wednesday, March 9, 2011 - 5:13pm | 62In a Form 4 filed earlier today, FirstEnergy Corporation (NYSE: FE) Officer, Paul Evanson, reported that he sold 317,701 shares of FE on March 8th for an average price of $37.53. The transaction totaled $11,923,541. Mr. Evanson owns 668,752 direct shares and 564 indirect shares of FE. Source:...
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Longs & Shorts Draw Battle Lines 03-09-2011
Wednesday, March 9, 2011 - 3:47pm | 804Cusick's Corner Trader psyche is in question, but the action in the market is not. Trader exuberance, aggressively buying dips and pouring capital into Risk, has moderated but prices continue to hold or go higher. There are true battle lines being drawn -- the shorts are defining the 1330 level as...
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Stock on the Move(PNM) $14.90 above $15.01 stock could explode technically.
Wednesday, March 9, 2011 - 2:49pm | 19Stock on the Move(PNM) $14.90 above $15.01 stock could explode technically..
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Calpine Closes $1.3 Billion Senior Secured Term Loan
Wednesday, March 9, 2011 - 1:30pm | 57Calpine Corp. (NYSE: CPN) announced today that it has closed on a $1.3 billion first lien senior secured term loan. The Term Loan, which amortizes at a rate of 1% per year, bears interest at LIBOR plus 3.25% per annum (subject to a LIBOR floor of 1.25%) and matures in 2018.
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Dynegy Elects Four New Directors to Board
Wednesday, March 9, 2011 - 10:16am | 65Dynegy Inc. (NYSE: DYN) today announced that its Board of Directors has elected Thomas W. Elward, E. Hunter Harrison, Vincent J. Intrieri and Samuel Merksamer to the Dynegy Board, effective March 9, 2011. Mr. Harrison was nominated by Seneca Capital. Mr. Intrieri and Mr. Merksamer were nominated by...
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Citi Maintains Its $31 PT On PEG
Tuesday, March 8, 2011 - 3:35pm | 100In a report released this morning, Citi announced that it is keeping its $31 PT on shares of Public Service Enterprise Group (NYSE: PEG). “With shares trading at $31.60/share, we see little positive expected total return to our $31/share target price,” Citi writes. “Lower coal costs coupled with...
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Medical Malpractice Reform: Truth in Advertising Needed (Part Three of Three)
Tuesday, March 8, 2011 - 10:54am | 849by Mike HalasyHealthcare concultant and researcher, PA UPDATE: Part 1 here; Part 2 here. (h/t rjs in comments for the suggestion.)Update 2: Post fixed...Dan Medical Malpractice Reform: Truth in Advertising Needed (Part Three of Three) So in the first two articles we have addressed the historic...
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Stocks Going Ex Dividend the Third Week of March
Tuesday, March 8, 2011 - 10:54am | 728Here 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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Dynegy Announces 2010 Annual and Fourth Quarter Financial Results
Tuesday, March 8, 2011 - 9:13am | 109Dynegy Inc. (NYSE: DYN) today announced that Adjusted EBITDA for 2010 was $539 million, compared to $803 million for 2009. The company also reported a net loss attributable to Dynegy Inc. of $234 million or $(1.95) per diluted share for 2010, compared to a net loss of $1.2 billion or $(7.60) per...
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Dynegy Announces Service Agreements, 2010 Results (DYN)
Tuesday, March 8, 2011 - 9:04am | 409Dynegy Inc. (NYSE: DYN) today announced that Adjusted EBITDA for 2010 was$539 million, compared to $803 million for 2009. The company also reported anet loss attributable to Dynegy Inc. of $234 million or $(1.95) per dilutedshare for 2010, compared to a net loss of $1.2 billion or $(7.60)...
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Deutsche Bank Comments On Public Service Enterprise Group Following Analyst Day
Tuesday, March 8, 2011 - 8:22am | 216Public Service Enterprise Group's (NYSE: PEG) Investor Day meeting reiterated the company's value proposition: a growing utility, well positioned power assets, a strong balance sheet, and disciplined cost control. Utility capex and rate base growth were largely reiterated, though uncertainties on...
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NASDAQ Stocks Hitting 52-Week Highs (VRUS, TOMO, SYMX, OVTI)
Monday, March 7, 2011 - 11:53am | 172Pharmasset Inc (NASDAQ: VRUS) shares rose 6.83% to create a new 52-week high of $53.17. VRUS shares have jumped 130.84% over the past 52 weeks, while the S&P 500 index has gained 16.02% in the same period. TomoTherapy Incorporated (NASDAQ: TOMO) shares gained 25.61% to create a new 52-week...
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Barclays Ups PPL To Overweight
Monday, March 7, 2011 - 7:22am | 57Analysts at Barclays upgrade PPL Corporation (NYSE: PPL) from “equal weight” to “overweight.” The target price for PPL has been raised from $28 to $30. PPL shares lost 0.62% to close at $25.56 on Friday. More Analyst Ratings here
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10 Sustainable High Yield Dividend Champions
Sunday, March 6, 2011 - 7:04pm | 1769Don't forget to follow me on Twitter! I have written updates the past 3 months on a screen I call "High Yield Stocks with Staying Power". The screen is tracked publicly as a continuous hypothetical portfolio with a starting balance of $100,000 on Scott's Investments (see the right hand column...