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  • CLOs face Moody’s ratings threat
    By admin on March 4th, 2009 | No Comments Comments
    Complex structured funds under greater pressure after agency puts vast majority on review for cuts ...
  • BG helps lift FTSE after two days of losses
    By admin on March 4th, 2009 | No Comments 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 plans
    By admin on March 4th, 2009 | No Comments 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 hopes
    By admin on March 4th, 2009 | No Comments 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 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 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 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 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 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 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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