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24/7 Wall St. (Free subscription) | 11/20/2009
These are Friday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen early this morning in Wall Street research calls: AFLAC (NYSE: AFL) Raised to Overweight at Morgan Stanley. Broadcom Corp. (NASDAQ: BRCM) Started as Outperform at BMO Capital Markets. Dillard’s (NYSE: DDS) Raised to Buy at Deutsche Bank. Dominion (NYSE: D) Cut to Sell at Citigroup. Intel [...]
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Stocks to Watch Today (Free subscription) | 11/19/2009
Best Buy’s (BBY) CEO Brian Dunn this afternoon, speaking at the Morgan Stanley (MS) Global Retail Conference, reiterated the company’s forecast offered on September 15, according to Dow Jones Neswires, saying the company should make “nearly $50 billion.” That compares the company’s forecast for $48 million to $49 million. Best [...]
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Stocks to Watch Today (Free subscription) | 11/19/2009
Phillip Morris (PM) CEO Louis Camilleri this morning told investors at a Morgan Stanley (MS) global retail conference that the company will make the upper end of its forecast for $3.20 to $3.25 per share in profit, offered last month. (A text of prepared remarks is available here.) In addition, [...]
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BloggingStocks (Free subscription) | 11/18/2009
Filed under: JPMorgan Chase (JPM) , Morgan Stanley (MS) , Initial public offerings As companies get more reliant on technologies, the risks increase substantially because of the explosion of security threats. As a result, spending on information technology (IT) security software continues to grow at a hefty rate -- despite the recession. One of the clear beneficiaries is Fortinet, which launched its...
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MarketIntelligenceCenter.com (Free subscription) | 11/18/2009
Morgan Stanley (NYSE: MS) closed yesterday at $33.47. So far the stock has hit a 52-week low of $8.80 and 52-week high of $35.78. Morgan Stanley stock has been showing support around 32.72 and resistance in the 34.50 range. Technical indicators for the stock are Bullish and S&P gives MS a neutral 3 STAR (out of 5) hold rating. MS appears on the Investors Observer Volume Leaders list. For a hedged...
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Stocks to Watch Today (Free subscription) | 11/18/2009
Japan’s Mitshubishi UJ Financial Group (MTU) said it will raise $11.2 billion in new shares in advance of its purchase of the Morgan Stanley’s (MS) Japan brokerage unit, the Financial Times reports. That’s equal to roughly 18% of the firms capitalization, according to its American Depository Receipts. The company is [...]
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SeekingAlpha.com (Free subscription) | 11/18/2009
Daniel M. Harrison submits: As the gap between the size of the largest and smallest U.S. banking institutions has widened this year, so has another metric: the average salary of individual investment bankers and those working in other industries. While many Americans will count themselves lucky to be drawing any kind of income at all this year, bonus payments will rise by 40 percent for most bankers,...
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Market Watch (Free subscription) | 11/18/2009
TOKYO (MarketWatch) -- Mitsubishi UFJ Financial Group Inc. (8306.TO) and Morgan Stanley (MS) have decided to delay and amend their initial plans to create a new securities firm by merging their brokerage units in Japan, people familiar with the matter said Wednesday.
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Market Watch (Free subscription) | 11/18/2009
TOKYO (MarketWatch) -- Mitsubishi UFJ Financial Group Inc. (8306.TO) and Morgan Stanley (MS) have decided to change some of their initial plans to create a new securities firm by merging their brokerage units in Japan, a person familiar with the matter said Wednesday.
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Trading Goddess Stock Blog! (Free subscription) | 11/11/2009
$2.5 Trillion - That's the size of of the global oil scam . It's a number so large that, to put it in perspective, we will now begin measuring the damage done to the global economy in Madoff units ($50Bn rip-offs) . That's right - $2.5Tn is 50 TIMES the amount of money that Bernie Madoff scammed from investors in his lifetime, yet it is also LESS than the MONTHLY EXCESS price the global population...
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Market Watch (Free subscription) | 11/10/2009
NEW YORK (MarketWatch) -- Morgan Stanley (MS) Chief Financial Officer Colm Kelleher said Tuesday that its joint venture in Japan with Mitsubishi UFJ Financial Group (MTU, 8306.TO) still faces a number of regulatory hurdles before the combination can begin.
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SeekingAlpha.com (Free subscription) | 11/10/2009
Zacks.com submits: Morgan Stanley ( MS ) is pursuing a buyer to sell its 34% stake that it holds in investment bank China International Capital Corporation (CICC). Morgan Stanley’s role in CICC has been reduced to that of a passive investor, prompting the case for disinvestment. Morgan Stanley received approval from Chinese regulators early last year to sell its stake in CICC. However, it then...
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24/7 Wall St. (Free subscription) | 11/09/2009
Reuters: Hurricane Ida is heading toward Gulf oil fields. Reuters: Kraft (NYSE:KFT) will make its bid for Cadbury. Reuters: GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to a NBCU valuation. Reuters: The IMF is considering an insurance levy on banks. Reuters: Opel unions want autonomy as a condition for talks. Reuters: Advanta filed for bankruptcy protection. Reuters: Morgan Stanley (NYSE:MS)...
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sahilsimran | 02/16/2009
Morgan Stanley is expected to cut around 2,000 jobs this month. According to a report in The Times, the cull will focus on back-office roles and will not affect financial advisers, who are involved in the imminent launch of a joint venture with Citigroup. The bank is in the process of acquiring a majority stake in the [...] readmore
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