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CLOs face Moody’s ratings threatBy admin on March 4th, 2009 | No Comments
Complex structured funds under greater pressure after agency puts vast majority on review for cuts ... -
BG helps lift FTSE after two days of lossesBy admin on March 4th, 2009 | No Comments
BG Group was among the top performers on Wednesday as resources stocks led the FTSE 100’s bounce from a six-year low ... -
Wall Street lifted by Chinese stimulus plansBy admin on March 4th, 2009 | No Comments
General Electric, once the biggest company in the world by capitalisation, saw its share price dip to a low not seen since 1991 during an otherwise positive day on Wall Street ... -
Europe’s shares rally on China stimulus hopesBy admin on March 4th, 2009 | No Comments
ArcelorMittal, the world’s largest steelmaker, topped the French CAC 40 leaderboard on Wednesday on hopes that a fresh Chinese economic stimulus package would boost global steel demand ... -
Notable Mergers and Acquisitions of the Day 3/2: TXT/...By admin on March 3rd, 2009 | No Comments
Textron Inc. (NYSE: TXT) has reached a definitive agreement to sell HR Textron, an operating unit within its Textron Systems segment to Woodward Governor Company (NASDAQ: WGOV) for $365 million in an all-cash transaction. The deal is expected to be completed early in the second quarter, subject to certain closing conditions and completion of pendi... -
Notable Analyst Rating Changes 3/2: JPM, KGC, DELL, A...By admin on March 3rd, 2009 | No Comments
UPGRADES: Keefe, Bruyette and Woods upgrades JPMorgan Chase (NYSE: JPM) to Outperform. Price target $30. Here is the full report. J.P. Morgan upgrades Kinross Gold (NYSE: KGC) from Neutral to Overweight. ARGUS upgrades Dell Inc. (Nasdaq: DELL) from Hold to Buy. Price target $12.50. Click here to see more color on the upgrade. Goldman Sachs upgrades... -
Morning Movers 3/2: HBC Falls On Loss/Capital Raise; ...By admin on March 3rd, 2009 | No Comments
StreetInsider.com Morning Movers:ICT Group Inc. (NASDAQ: ICTG) 89% HIGHER; Aegis Limited made a proposal to the Board of Directors of ICT Group, Inc. to acquire all of the outstanding shares of ICTG common stock for $8.00 per share in cash. MOREHSBC HLDGS PLC ADS (NYSE: HBC) 19% LOWER; will close much of its U.S. consumer lending business, is raisi... -
Unusual 11 Mid-Day Movers 3/2: ICTG, SNTA, PSTI, DYAX...By admin on March 3rd, 2009 | No Comments
ICT Group Inc. (NASDAQ: ICTG) 63.3% HIGHER; Aegis Limited made a proposal to the Board of Directors of ICT Group, Inc. to acquire all of the outstanding shares of ICTG common stock for $8.00 per share in cash. MORE Conseco, Inc. (NYSE: CNO) 53.7% LOWER; announced today that it plans to delay the filing of its Annual Report on Form 10-K until on or ... -
Trading Radar for 3/3: AutoZone (AZO), VeriFone (PAY)...By admin on March 3rd, 2009 | No Comments
The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Earnings: AutoZone (NYSE: AZO) - consensus EPS $1.84 Carrizo Oil & Gas (Nasdaq: CRZO) - consensus EPS $0.20 Chico’s FAS (NYSE: CHS) - consensus loss $0.17 Isle of Capri Casinos (Nasdaq: ISLE) - consensus loss $0.... -
After-Hours Movers 3/2: PDLI, SUNH, TIVO, EGLE, FSLR ...By admin on March 3rd, 2009 | No Comments
PDL BioPharma (Nasdaq: PDLI) 13.6% HIGHER; reports Q4 EPS of $0.26, versus the analyst estimate of $0.08. Revenues for the quarter were $68.7 million, versus the consensus of $59.76 million. PDL announced that it will pay two dividends to its stockholders in 2009. Each of the dividends will be $0.50 per share the first of which will be paid on Apri...
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