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Visa, Shire The Latest Adding To Merger Frenzy
Monday, November 2, 2015 - 11:15am | 743U.S. futures were trading slightly higher early Monday morning as investors were likely encouraged by major M&A announcements. Visa Inc (NYSE: V) has agreed to acquire Visa Europe Ltd. in a deal valued up to 21.2 billion euros, while Shire PLC (ADR) (NASDAQ: SHPG) announced it will...
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Why Citi Just Added General Electric To Its U.S. Focus List
Wednesday, September 16, 2015 - 3:05pm | 453Shares of General Electric Company (NYSE: GE) are relatively flat year over year but gained more than 2.50 percent by Wednesday afternoon. Analysts at Credit Suisse added General Electric to its "U.S. Focus List." Analysts noted a "significant" number of company-specific catalysts could propel...
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Is Regulation A Risk For GE?
Thursday, July 9, 2015 - 1:39pm | 358In a report published Thursday, Morgan Stanley analyst Nigel Coe previewed General Electric Company (NYSE: GE)'s upcoming second quarter results, noting that the regulatory approval process for Alstom and Appliances will be a key focus. The European Union competition commission has...
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Bulls Take A Break As Dow's Winning Streak Ends At 7 Days
Monday, June 23, 2014 - 4:40pm | 2213U.S. stocks were slightly lower as positive housing data proved to be not enough to boost the Dow's winning streak to eight days. The National Association of Realtors reported that previously-owned home sale posted strong growth in May compared to April. U.S. Secretary of State John Kerry...
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Market Wrap For June 18: Markets Rally On Fed Comments And Tapering
Wednesday, June 18, 2014 - 4:34pm | 2069U.S. stocks rose as investors and traders digested comments from the Federal Reserve. The Federal Reserve Open Committee announced that it will further taper its asset purchases by another $10 billion. The Fed is now committing towards purchasing $35 billion of assets per month. The Fed also...
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Market Wrap For June 13: Despite Rising, Dow And S&P 500 Lower For The Week
Friday, June 13, 2014 - 4:39pm | 1827U.S. stocks closed the day slightly higher to close out the week as investor concerns over escalating violence in Iraq remains. As was the case during the height of the Russia and Ukraine confrontation, investors are hesitant of holding on to investments over the weekend. U.S. Secretary of...
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Market Wrap For May 28: Markets Take A Breather As Treasury Yields Fall
Wednesday, May 28, 2014 - 4:34pm | 2195U.S. stocks ended a four day rally which saw the S&P 500 hit historical all-time highs. However, during Wednesday's trading session the ten-year Treasury yield traded as low as 2.439 percent, the lowest level seen since June 2013. Volume remained below average during Wednesday's trading...
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Market Wrap For May 22: Markets Barely Positive
Thursday, May 22, 2014 - 4:35pm | 2710U.S. stocks picked up right where they left off following Wednesday's rally. Investors were given a mixed bag of economic data covering U.S. manufacturing, initial purchasing managers' index in China, existing home sales, Fed activity among others. Investors are likely focusing more on...
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Market Wrap For May 21: Fed's Minutes Support Wednesday's Bull Run
Wednesday, May 21, 2014 - 4:37pm | 2652U.S. stocks rose at the opening bell and continued to rise throughout the trading session. Investors and traders breathed a sigh of relief when the Federal Reserve indicated a rate hike is not likely in the short term. According to the Fed, it is examining multiple strategies to tighten its...
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#PreMarket Primer: Thursday, May 15: Eurozone GDP Highlights Uneven Recovery
Thursday, May 15, 2014 - 6:43am | 1151Eurozone first quarter GDP figures came in with mixed performances across the region. Germany, the bloc’s largest economy, saw an 0.8 percent rise in gross domestic product. The data marked the nation’s fastest expansion since 2011. By contrast, the eurozone’s second largest economy, France,...
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#PreMarket Primer: Tuesday, May 6: Credit Suisse Could Be Moving Towards Guilty Plea
Tuesday, May 6, 2014 - 7:07am | 1165Allegations that Credit Suisse helped rich customers evade taxes could end with the company pleading guilty and paying more than $1 billion in fines. US prosecutors have said they are close to getting the bank to plead guilty in the coming days once the two sides agree on the consequences of...
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Market Wrap For May 5: Dow Erases Triple-Digit Loss, All Three Major Indices Positive
Monday, May 5, 2014 - 4:36pm | 2443U.S. stocks rose as investors found that the positives in the U.S. services sector outweighed concerns over an escalating conflict in Ukraine. The Institute for Supply Management said that its service-sector index rose to 55.2. Any reading above 50.0 indicates an expansion. Also, the index...
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General Electric Rumored to Buy Alstom for $13B or More
Thursday, April 24, 2014 - 9:24am | 135According to a Bloomberg report from late Wednesday afternoon, General Electric (NYSE: GE) may be negotiating to buy Alstom SA for $13 billion or more. Alstom is a french company that builds trains and power plants. The acquisition may be announced “as early as next week,” Bloomberg said. The $13...
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Is High Speed Rail the Next Big Transportation Investment Play?
Wednesday, February 6, 2013 - 10:28am | 569Despite the odds and opposition, California will become home to the nation’s first truly high-speed rail system. In late July 2012, the governor of California decided to match the $3 billion dollars of federal funds that were almost due to expire to build the Fresno – Bakersfield line. The $6...
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European Stocks Retreat, Only Cadbury Advances (BBY, KFT, BNPQY, HBC)
Tuesday, January 19, 2010 - 7:55am | 186European stocks declined as a report showed investor confidence in the region’s biggest economy fell for a fourth month and sales at Alstom SA missed estimates. Asian shares slid, while U.S. index futures fluctuated. Alstom, the world’s second-largest train maker, sank 3.8 percent. Casino...