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Unusual 11 Mid-Day Movers 1/27: CNLG, KTCC, CPE, SIFY...By admin on January 28th, 2010 | No Comments
Conolog Corporation (NASDAQ: CNLG) 100% HIGHER; shares are surging higher following news this morning the company completed field testing and started production/marketing of its “GlowWorm” fiber optic detector that may be used in any fiber optic line or network without the need to cut the cable. Key Tronic Corporation (Nasdaq: KTCC) 26.... -
Morning Movers 1/27: KTCC, SIFY, CPE, SANM, MNI, CCUR...By admin on January 28th, 2010 | No Comments
Key Tronic Corporation (Nasdaq: KTCC) 32.2% HIGHER; reports Q2 EPS of $0.17 compared to $0.01 for the same period last year. Revenues were $44.8 million, compared to $41.3 million in the previous quarter and $47.0 million in the same period of fiscal 2009. For the third quarter of fiscal 2010, the Company expects to report both sequential and year-... -
Notable Mergers and Acquisitions of the Day 01/27: BG...By admin on January 28th, 2010 | No Comments
Bunge Limited (NYSE: BG) today announced that it has entered into a definitive agreement with Vale S.A. (NYSE: VALE) under which Vale will acquire Bunge’s fertilizer nutrients assets in Brazil, including its interest in Fertilizantes Fosfatados S.A. (Fosfertil), for $3.8 billion in cash. Net proceeds after taxes, transaction fees and expense... -
Notable Analyst Rating Changes 01/27: AKS, MCO, SGY, ...By admin on January 28th, 2010 | No Comments
UPGRADES Goldman is upgrading AK Steel (NYSE: AKS) from Neutral to Buy, with a price target of $26. Benchmark upgrades Moody’s (NYSE: MCO) from Hold to Buy, new price target $33. Click Here for more color. Capital One Southcoast upgrades Stone Energy (NYSE: SGY) from Neutral to Add. Price target increased to $21. Click Here for more color. Jann... -
Wall Street financials surgeBy admin on January 28th, 2010 | No Comments
A late rally in financial stocks lifted Wall Street out of the red after the US Federal Reserve reiterated its promise to keep rates ‘exceptionally low’ for an ‘extended period’ ... -
Footsie dragged lower by financialsBy admin on January 28th, 2010 | No Comments
The London market resumed its downward path on Wednesday, with Man Group the session’s sharpest faller ... -
Banks are biggest losers in European retreatBy admin on January 28th, 2010 | No Comments
European shares extended their losses over the past five sessions to 5 per cent as banks sank again and global markets remained jittery. The FTSE Eurofirst 300 fell 0.0 per cent to 1,014.38 ... -
New curbs on money marketsBy admin on January 28th, 2010 | No Comments
The SEC has voted to require money market mutual funds, which hold $3,240bn in assets, to disclose fluctuations around their standard share price of $1, in an effort to prevent runs on funds ... -
Asia extends losing streak to eight sessionsBy admin on January 28th, 2010 | No Comments
Stocks in the region extended losses to an eighth session on Wednesday – the worst losing streak in nearly eight years – as the Shanghai Composite index fell below the key level of 3,000 for the first time since October ... -
‘I’m a Pepper’By admin on January 28th, 2010 | No Comments
From Marisa Ricciardi: Dr Pepper Snapple Group, Inc. (NYSE: DPS) celebrated their 125th anniversary at the NYSE on Monday, Jan. 25 to ring the Closing Bell. To commemorate the occasion, Dr Pepper CEO, Larry Young was joined by Gene “Dr. Love” Simmons who stars in the current Dr Pepper Cherry commercial and his KISS bandmates on the ...
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