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Sep 8, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 08, 2011


G7 ministers see urgency but to offer no grand plan
Reuters
But euro zone sources said governments have no plans to inject any further capital intobanks over and above the money earmarked for the financial sector in emergency loan programs to Greece, Ireland and Portugal. With Asian economies deeply concerned ...
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Reuters
euro zone bright spots are 'clouded'
Washington Post
(Source: Bloomberg) Economic analysts are holding up Ireland as a model of how countries in abanking crisis should tackle their financial firms — putting some out of business, injecting moneyinto others, and moving with haste. The IMF and the United ...
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Return of the Eurozone Crisis
Council on Foreign Relations
As a result, the European banking sector (DerSpiegel) could face a liquidity crisis, with profound effects for the US financial system. The European banking crisis could spread rapidly from Greece throughout the eurozone and beyond, just as the 2008 US...
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Council on Foreign Relations
Enhancing Financial Stability: The Role of Transparency
Brookings Institution
In the wake of the financial crisis, I can think of no more important task than to bring a broadeconomic and financial perspective to the supervision and regulation of the financial system. An element of that perspective has always been applied to the ...
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Few See Hope in European Crisis
The New American
He added: “Sometimes people hope that you can muddle through by providing financing and liquidity, in the case of Europe, from the European Financial Stability Facility or the European Central Bank. They now recognize that's not going to happen and ...
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The future of banking: Hunt for a common front
Financial Times
A case in point was their surge in lending during the global financial crisis, when the government used the banks to fund its stimulus spending. The damage in bad loans is just beginning to emerge and analysts say it will cast a shadow over the Chinese ...
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Financial Times
Euro slips, stock rebound fades ahead of ECB
Reuters
... only major Western central bank to have raised rates since the end of the globalfinancial crisis, but is expected to signal a change in policy tack and halt its tightening cycle in response to the sovereign debt crisis and slowing economicgrowth. ...
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Reuters
EU's Rehn warns pressure on banks is rising
Reuters
BRUSSELS, Sept 7 (Reuters) - Funding pressures for European banks have intensified and the situation on financial markets is serious and spilling over into the economy, the European Union's top economic official said on Wednesday. "Stress in financial ...
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The Globe and Mail
Globe and Mail
“The European sovereign debt crisis has intensified, a broad range of data has signalled slower global growth, and financial market volatility has increased sharply,” Bank of Canada Governor Mark Carney and his colleagues said in their policy ...
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Inflation Scare Passing Spurs Central Banks to Refocus on Recession Risks
Bloomberg
Central bankers are already taking advantage of that outlook to focus more on supporting growth as the world economy loses momentum and financial markets are roiled by the euro- area's failure to contain its debt crisis. Those from the Group of Seven ...
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The New Triumvirate - by Mansoor Dailami
Foreign Policy (blog)
Although the dollar has since become the unquestioned principal international currency, even through the global financial crisis, another iteration of the global currency triumvirate is on the horizon. Fast-forward to 2025, and a system centered on the ...
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Foreign Policy (blog)
There is not enough sovereign debt forgiveness
Euromoney Magazine
Meanwhile, as market participants look towards the seeming unravelling of the Greek debt crisis, on September 2 the European Commission, the ECB and the IMF said it was conducting its fifth review of Greece's economic program. ...
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A Raging Case of Bailout Fatigue
HoweStreet.com
And the ability to raise truckloads of money for almost no interest raises another disturbing question: Did the banks really need this cash to stay afloat? University of Pennsylvania finance professor Richard Herring, an authority on financial crises, ...
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HIGHLIGHTS 2-BOJ's Shirakawa says powerful easing already in place
Reuters
"Japanese banks do not have much exposure to European debt so they are unlikely to take a big direct impact from the debt problems there. But if the European financial system destabilises, it would impact the global economy and thus Japan's economy and ...
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Moynihan Tries to Keep Bank of America Intact as Mortgage Loans Fall Apart
Bloomberg
Likewise, Fannie Mae and Freddie Mac, two of BofA's other main antagonists, are each almost 80 percent-owned by US taxpayers as a result of rescues at the depths of the financial crisis. The GSEs are “we the people”; if they help take Bank of America ...
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20 Quotes From European Leaders That Prove That They Know That The Financial ...
Hawaii News Daily
The “problem” would be a horrible financial crisis and economic downturn in Europe. The “reaction” would be a cry from the European public for someone to “fix” things and return things back to “normal”. The “solution” would be a “United States of ...
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My two-step solution to Europe's democratic and economic crisis
The Guardian
Photograph: Petros Giannakouris/AP The financial crisis risks destroying half a century of European integration. It is primarily a political and not an economic crisis, and only a different political solution can solve it. ...
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The Guardian
Keep strong vigil on asset quality, Pranab tells banks
Hindu Business Line
The developed world had, post the financial crisis, adopted an easy money policy to counter their economic woes. “These are turbulent times and we should watch every step that we take. But this should not prevent us from taking bold and innovative ...
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Hindu Business Line
WB President: Rough road ahead for world economy
People's Daily Online
While coping with the financial crisis, the United States and developed countries of Europe drew on huge amounts of capital to save the beleaguered banking industry and launched abnormal financialstimulus measures to promote their economic recoveries. ...
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When fractured politics kills economic solutions
Reuters Blogs (blog)
It's a vicious circle, this situation that we entered with the advent of the global financial crisis, and neither the EU nor the US has the political will or ability to get us out of it. This is a test not only of capitalism but also of federalism and ...
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George Osborne urged to scrap 50p tax rate
The Guardian
Osborne hinted that he expected the Bank of England to take action against growing recessionary pressures with a second round of the electronic money creation process, known as quantitative easing. The chancellor made his comments as financeministers ...
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The Guardian
French lower house approves second Greek bailout
Reuters
The votes, part of a reform to the 2011 budget law which also introduced deficit-cutting measures, means France's parliament should become the first to approve the modifications to the EuropeanFinancial Stability Facility (EFSF) agreed by euro zone ...
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Some Financial Innovations That Aren't Going To End Well
Seeking Alpha
That's how financial innovations get engineered. Here are a couple of examples of financialinnovations that are not likely to end well. The Chinese authorities have been taking active steps to rein in bank lending by raising reserve ratios and ...
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Schauble austerity rant may make things worse
Globe and Mail
That is not true of Ireland, Portugal and Spain, whose debt levels were admirably low before the 2008 financial crisis hit. Spain's sins – a housing boom gone mad – were epic; but piling up debt was not one of them. Spain's national-debt-to-GDP ratio ...
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Globe and Mail
Lasting economic costs of 9/11 seen in bloated deficits
STLtoday.com
Some economists, including Nobel Prize recipient Joseph Stiglitz, attempt to draw a dotted line between terrorism and the economy's sluggish performance after the financial crisis. If we hadn't spent so much money in Iraq and Afghanistan, they reason, ...
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LHCDC to dissolve by year's end
Lompoc Record
Kate Griffith, a planning commissioner and the city's former economic development manager, said she was “browbeaten” and “taken to task” when she approached the council and city administrators about LHCDC's failure to provide financial audits. ...
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Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
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STOCK, Shares, NYSE News, Sep 08, 2011


Talbots Stock Gaps Down On Today's Open (TLB)
TheStreet.com
By TheStreet Wire 09/07/11 - 11:49 AM EDT NEW YORK (TheStreet) -- Shares of Talbots (NYSE:TLB) were gapping down Wednesday morning with an open price 11.1% lower than Tuesday's closing price. The stock closed at $2.53 Tuesday and opened today's trading ...
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Yingli Green Energy Holding Stock Hits New 52-Week Low (YGE)
TheStreet.com
By TheStreet Wire 09/07/11 - 12:49 PM EDT NEW YORK (TheStreet) -- Yingli Green Energy Holding Company (NYSE:YGE) hit a new 52-week low Wednesday as it is currently trading at $4.99, below its previous 52-week low of $5 with three million shares traded ...
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Walter Energy Responds To Trading Activity After Stock Gains Nearly 20%
RTT News
Walter shares are up over 19 percent on the NYSE on four times normal volume. Walter responded to a request from the Investment Industry Regulatory Organization of Canada on behalf of the TorontoStock Exchange following the activity. ...
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Large Cap Stocks: MSI, SYK, WFC
Rapid News Network
Motorola Solutions Inc (Public, NYSE:MSI). Last Market Price: 41.32, Change: +1.39, % Change: (3.48%). Shares trade in the range of 40.51 – 41.43 dollars. It has a market capitalization of 14.18B dollars, making it a Large Cap Stock and has 343.14M ...
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Profit from Mining Stocks as Gold Rises (NEM, ABX, BHP, AAGC, GLD)
Small Cap Network
By Jonathan Yates As gold (NYSE: GLD) continues to rise, mining and exploration stocks such as Newmont Mining Corporation (NYSE: NEM), Barrick Gold Corporation (NYSE: ABX), All American Gold Corporation (NASDAQ: AAGC) and BHP Billiton Ltd (NYSE: BHP) ...
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Wednesday a great day for Washington state stocks
Bizjournals.com
The stock market soared on Wednesday, and Washington state-based company shares also fared well. Of Washington state's 71 publicly traded companies on the NYSE and NASDAQ exchanges, only three registered stock losses Wednesday. ...
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Las Vegas Sands (LVS) Shares Upgraded by Goldman Sachs (GS) to "Buy"
LocalizedUSA
Separately, analysts at Argus upgraded shares of Las Vegas Sands from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 2nd. They now have a $58.00 price target on the stock. Also, analysts at Citigroup (NYSE: C) ...
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NYSE Brings into Play “rule 48” to Smooth Tuesday Launch
Galaxy Stocks
Sunoco Inc.'s (NYSE:SUN) shares added 5.3% later than the energy company announced it would sell its refinery businesses and continue a gasoline retailer. After celebrating Labor Day markets performed under pressure yesterday and most of the stocks ...
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Kraft Leads the Most Active Consumer Stocks After Announcing Business Split
Wall St. Cheat Sheet
Shares of Kraft Foods Inc. (NYSE:KFT) are among the most actively traded stocks in the market. There are 4.8 million shares trading hands at $34.68(+60 cents), making up a dollar volume of $166.5 million. Stock Price Performance: From July 11, 2011, ...
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HOT STOCK: GRAMERCY CAPITAL SHARES GAIN 2.6% (GKK)
Zacks.com
Sep 07, 2011 (SmarTrend(R) Spotlight via COMTEX) -- Gramercy Capital (NYSE:GKK - Snapshot Report) is one of today's best performing low-priced stocks, up 2.6% to $3.13 on 0.7x average daily volume. Approximately 220000 shares have traded hands today vs ...
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Top 10 Stock Holdings of Anchorage Capital Advisors to Watch
Wall St. Cheat Sheet
General Motors Company Common Stock (NYSE:GM): On 3/31/11 Anchorage Capital Advisors reported holding 1125000 shares with a market value of $34908751. This comprised 3.06% of the total portfolio. On 6/30/11, Anchorage Capital Advisors held 1237383 ...
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Highly Traded Stocks at NYSE – (GE, Ford, Pfizer, Citigroup)
USA Market News
General Electric Company (NYSE:GE) declined -3.24% to $15.25 and its total volume during the last trading session was 97.37 million shares. Its shares touched the day high of $15.29 and day low of $15.00 and its opening price was $15.25. ...
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Is Silvercorp Metals the Perfect Stock?
Motley Fool
Let's discuss the ideal qualities of a perfect stock, then decide if Silvercorp Metals (NYSE: SVM ) fits the bill. Stocks that look great based on one factor may prove horrible elsewhere, making due diligence a crucial part of your investing research. ...
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Oppenheimer (OPY) Analysts Downgrade Goldman Sachs (GS) Shares to "Perform"
LocalizedUSA
They currently have a $173.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Goldman Sachs from $175.00 to $150.00 in a research note to investors on Wednesday, July 20th. ...
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GMX RESOURCES INC. Declares Cash Dividend on Its 9.25% Series B Cumulative ...
MarketWatch (press release)
... today announces that the Company will pay a regular quarterly dividend of $0.578125 per share on September 30, 2011 to holders of record as of September 20, 2011 on the 3176734 outstandingshares of its 9.25% Series B Cumulative Preferred Stock. ...
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Manitowoc Company (MTW) Shares Given New $10.00 Price Target by UBS AG (UBS ...
LocalizedUSA
Separately, analysts at Goldman Sachs (NYSE: GS) cut their price target on shares of Manitowoc Company to $15.50 in a research note to investors on Thursday, July 28th. They now have a “neutral” rating on the stock. Also, analysts at RBC Capital (NYSE: ...
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Integrys Energy Group Inc Stock Upgraded (TEG)
TheStreet.com
By TheStreet Wire 09/07/11 - 07:01 AM EDT NEW YORK (TheStreet) -- Integrys Energy Group Inc (NYSE:TEG) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its largely solid financial ...
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Table of Unusual NYSE Stock Moves From RealTick
Wall Street Journal
REALTICK LIST OF MOST UNUSUALLY TRADED STOCKS DATE: 09/07/2011 COUNTRY: US EXCHANGE: NYSE TIME PERIOD: 9:30 - 3:20 LAST CHANGE %CHANGE RANK COMPANY NAME TICKER PRICE ON DAY ON DAY 1 TOWER INTL INC TOWR 13.10 0.50 3.97 2 UNIFI INC COM NEW UFI 10.53 0.50 ...
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Law Office of Brodsky & Smith, LLC Announces Investigation of Temple-Inland, Inc.
MarketWatch (press release)
The transaction may undervalue Temple-Inland as Temple-Inland stock traded at $31.43 as recently as July 15, 2011 and an analyst has set a price target of $37.00 a share for the Company. If you ownshares of Temple-Inland stock and wish to discuss the ...
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Large Cap Stocks (Bank of America Corp , Citigroup Inc, BCS, IRE, UBS)
USA Market News
Bank of America Corp (NYSE:BAC) escalated 5.44% to $7.37 on a traded volume of 101.61 millionshares. Sanford C. Bernstein & Co maintained outperforms rating on the stock. China Construction Bank Corporation announced renewal of strategic assistance ...
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Canaccord Genuity Analysts Begin Coverage on NIKE (NKE)
NewsyStocks.com
Equities research analysts at Canaccord Genuity initiated coverage on shares of NIKE (NYSE: NKE) in a research note issued to investors on Wednesday. They set a "hold" rating and a $96.00 price target on the stock. Separately, analysts at HSBC (NYSE: ...
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PepsiCo Had a Bearish Engulfing Candle
TradersHuddle.com
New York, September 7th (TradersHuddle.com) - Shares of PepsiCo, Inc. (NYSE:PEP) ended the trading session lower by $0.83 or -1.33% from its previous close. PepsiCo's price action formed what is considered to be a bearish engulfing candlestick chart ...
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Breakaway Gap Downs - CJT, DWM, E, ECH, EFA
Retirement Planning
P-2012 (NYSE:CJT) slid -4.07%, to close at $78.30 and its overall traded volume was 5102.00 sharesin the last trading session. CJT shares were trading within the range of $75.63-$78.30 while its opening price was $75.99. The stock has a 52 week low of ...
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Hot Option Plays: Volatility Weakens
Daily Markets
Walter Energy (NYSE:WLT) is rallying and options on the stock are heavily traded on reports of a possible bid for the company [[Reuters]]. Shares surged $17.75 to $92.74 and options volume in the Birmingham, AL metals and minerals company is 58000 ...
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Eldorado Gold (EGO) Could Fall Through $20.32 Support Level
Market Intelligence Center
Eldorado Gold (NYSE:EGO) closed Tuesday's losing trading session at $21.36. In the past year, thestock has hit a 52-week low of $13.34 and 52-week high of $22.12. Eldorado Gold (EGO) stock has been showing support around $20.32 and resistance in the ...
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Company News for September 7, 2011
Zacks.com
Following the downgrade, shares of the company fell 4.25% • Share prices of PulteGroup Inc. (NYSE:PHM - Analyst Report) declined 3.88% to close at $4.21 after analysts at Goldman Sachs (NYSE:GS - Analyst Report) removed the stock from the firm's ...
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Most popular stock searches for September 7 - (NASDAQ: YHOO), (NCM: MELA ...
Tickr Watch (blog)
Navistar International Corporation (NYSE: NAV): traded higher by 0.21% or $0.08/share to $38.88. In the past year, the shares have traded as low as $33.66 and as high as $71.49. On average, 1567480shares of NAV exchange hands on a given day and ...
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AutoZone (AZO) Hits New 52 Week High of 316.25
Market Intelligence Center
AutoZone (NYSE: AZO) hit a new 52-Week high of $316.25 so far today. Currently the stock is up $1.67 (0.53%) to $315.50 on 138017 shares traded. Today's high is up $101.98 from a 52-Week Low of $213.52. AutoZone stock has been showing support around ...
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Movado Group Stock To Go Ex-dividend Tomorrow (MOV)
TheStreet.com
By TheStreet Wire 09/07/11 - 10:01 AM EDT NEW YORK (TheStreet) -- The ex-dividend date for Movado Group Inc (NYSE:MOV) is tomorrow, September 8, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. ...
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Convergys Corporation Stock Downgraded (CVG)
TheStreet.com
By TheStreet Wire 09/07/11 - 07:01 AM EDT NEW YORK (TheStreet) -- Convergys Corporation (NYSE:CVG) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on ...
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NYSE Euronext To Put Swedish Automobile Shares In Penalty Box
Wall Street Journal
AMSTERDAM (Dow Jones)--Stock exchange NYSE Euronext said Wednesday it will put the ordinaryshares of Swedish Automobile NV (SWAN.AE) to the special segment for securities subject to a listing measure, the penalty box, if the Swedish district court ...
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Hammer - MLPL, NEE, NFJ, PBY, PRIS/B
Retirement Planning
The Pep Boys – Manny, Moe & Jack (NYSE:PBY) percentage change surged 4.29%, to close at $9.48 and its overall traded volume was 1.04M shares in the last trading session. PBY opened at $9.25 and is trading within the range of $8.78-$9.50. The stock has ...
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NYSE Sees Stock Trading Pop, Thanks to August Volatility
On Wall Street
NYSE Euronext's share of trading in NYSE-listed stocks in August was 36.2 percent. That is down from 38.1 perent in August 2010, but up from 34.3 percent in July 2011 and almost back to the 36.6 percent share of June 2011.
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Darden Restaurants (DRI) Could Break Through $47.21 Resistance Level
Market Intelligence Center
Darden Restaurants (NYSE:DRI) closed Tuesday's negative trading session at $46.18. In the past year, the stock has hit a 52-week low of $42.37 and 52-week high of $53.81. Darden Restaurants (DRI) stock has been showing support around $44.63 and ...
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D.R. Horton (DHI) Shares Upgraded by Citigroup (C) to "Buy"
LocalizedUSA
Separately, analysts at UBS AG (NYSE: UBS) upgraded shares of DR Horton from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, August 31st. They now have a $13.00 price target on the stock. Also, analysts at Compass ...
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ECTY, MOVE, MTG: Three Stocks Recovering Faster Than Indices
Small Cap Network
The stock is likely to take a breather today before resuming its journey on the upside. MGIC Investment Corp (NYSE: MTG) is a property and casualty insurance company based in Milwaukee. Though the June quarter results were not good and disappointed ...
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National Retail Properties, Inc. Prices Offering of Common Stock
Sacramento Bee
6, 2011 -- /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN) (the "Company") today announced that it has priced an underwritten public offering of 8000000 shares of common stock at a price of $26.07 per share. As part of the offering, ...
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Large Cap Stocks in Focus – (PBR, BAC, JPM, WFC)
USA Market News
Petroleo Brasileiro SA (ADR) (NYSE:PBR) plunged -1.56% to $27.42 and its total volume during the last trading session was 13.91 million shares. Its stock price 52 weeks low was $24.51 and 52 weeks high price was $42.75. Its market capitalization is ...
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Quad/Graphics to buy back $100M in stock
Bizjournals.com
... said the stock repurchase program offers a chance to increase shareholder value during the current stock environment. The program is expected to be executed through 2011 and into 2012. Quadracci also said that Quad/Graphics (NYSE: QUAD), ...
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Bullish Reversal Pattern - Pfizer
TradersHuddle.com
New York, September 7th (TradersHuddle.com) - Shares of Pfizer, Inc. (NYSE:PFE) ended the trading session higher by $0.36 or 1.93% from its previous close. Pfizer's price action in today's session formed what is considered to be a Hammer, ...
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Credit Agricole Analysts Upgrade Chevron (CVX) Shares to "Buy"
LocalizedUSA
Also, analysts at Oppenheimer (NYSE: OPY) upgraded shares of Chevron from a “perform” rating to an “outperform” rating in a research note to investors on Thursday, August 11st. They now have a $110.00 price target on the stock. Shares of Chevron traded ...
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Zacks Bull and Bear of the Day Highlights: Humana, Abaxis, Medtronic, Boston ...
Sacramento Bee
The company also operates in a highly competitive environment with the presence of players such as Boston Scientific (NYSE: BSX) and St Jude Medical (NYSE: STJ). Every day, the analysts at Zacks Equity Research select two stocks that are likely to ...
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Earnings Forecasts: 10 Rallying Companies With Rising Earnings Estimates
Motley Fool
This increase came during a time when the stock price changed by 1.5% (from $73.14 to $74.24 over the last 30 days). 5. CVR Energy (NYSE: CVI ) : CVR Energy,, together with its subsidiaries, refines and markets transportation fuels in the United States ...
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High Volume Stocks at NYSE – (SPY, Bank of ... - USA Market News
By Anza Noor
SPDR S&P 500 ETF (NYSE:SPY) gained +2.08% to $119.40 with the total traded volume of 72.88 million shares beating the average volume of 358.04 million. Its shares were trading within the ... Itsstock price 52 weeks low was $109.55 and [...]
USA Market News
NYSE stocks posting largest volume increases: Associated Press ...
Find news for: ... In the news: ... NYSE stocks posting largest volume increases ... Blackrock New York Municipal Income Trust : Approximately 168900 shares ...
money.msn.com/business-news/article.aspx?feed=AP...

Surrender the Heart (Surrender to Destiny)Alexander Dictionary of English Idioms: English-FrenchAlexander Dictionary of English Idioms: English-SwedishUnder the SunStealing Jake
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