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Posts Tagged ‘ wall street ’

Fitch: Dan Loeb’s Break-up Call Won’t Solve Sony’s Credit Problems

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May 16, 2013
TEST6Dan Loeb

Billionaire hedge fund manager Dan Loeb’s call to spin off Sony Corporation (NYSE:SNE) (TYO:6758)’s entertainment business hasn’t gone down well with the electronics giant, Wall Street and economists. Sony has already rejected Dan Loeb’s proposal, and Goldman Sachs Group, Inc. (NYSE:GS) favors the Japanese company’s decision against the hedge fund manager’s proposal. In the latest development, credit rating agency Fitch Ratings said today that spinning off the entertainment business is unlikely to solve Sony Corporation...
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Washington Influence Streams Into The Street

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May 10, 2013
TEST6Washington

There was a time not so long ago when those that had made their fortunes on Wall Street, altruistically left seven and eight figure jobs in order to benefit politicians with their experience and knowledge of fiscal policy. Those days are long past and the stream has reversed course. Morgan Stanley (MS) and Goldman Sachs Group, Inc. (GS) TO Those With Washington Experience Now, Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) among others,...
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Jim Chanos Ira Sohn Conference [LIVE]

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May 8, 2013
TEST6Jim Chanos Short Ideas ira sohn

Jim Chanos Ira Sohn coverage Brought to you by ValueWalk. Jim Chanos is Founder and Managing Partner of Kynikos Associates LP., the most famous short biased hedge fund. Jim Chanos seeks to profit from the unusually high alphas found on the short side (and sometimes long side) of the U.S. and non-U.S. equity markets (see Chanos’ massive European short portfolio here). Jim Chanos looks for cases of fraud as well as companies which he believes...
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Tesla Motors Inc (TSLA) Shorts Continue, Jefferies Raises Price Target

By
May 7, 2013
TEST6Tesla Motors

Tesla Motors Inc (NASDAQ:TSLA) has been one of the favorite shorts on Wall Street and continues to be—even though the company has returned 76 percent year to day and 57 percent since it pre-announced its first quarter results at the beginning of April. Jefferies analysts Elaine Kwei and Peter Nesvold predict that short covering will continue pushing the company’s stock price higher, and they’ve raised their price target for the stock. The Story Behind...
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LinkedIn Corp (LNKD) PT Raised By 6 Analyst Firms

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May 3, 2013
TEST6LinkedIn

Despite LinkedIn Corp (NYSE:LNKD) forecasting a weaker-than-expected current quarter, Wall Street analysts raised their price targets. Since going public in May 2011, LinkedIn Corp (NYSE:LNKD)’s actual results have met or exceeded the Street’s consensus expectations every quarter. LinkedIn Corp (LNKD) Shares Fall LinkedIn Corp (NYSE:LNKD) shares fell 10 percent on Thursday after the company provided a weak Q2 guidance.  However LinkedIn’s financial results for the first three months of the year blew past analysts’ estimates. This...
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Apple Inc. (AAPL) Seeks Goldman, Deutsche For Debt Issuance

By
April 29, 2013
TEST6Apple Logo

Apple Inc. (NASDAQ:AAPL)  is seeking the services of Goldman Sachs Group, Inc. (NYSE:GS) and Deutsche Bank AG (NYSE:DB) (ETR:DBK) to sell bonds for the first time since its last bond offering in 1996, according to a report from Bloomberg. In addition to its service in selling Apple Inc. (NASDAQ:AAPL)’s bonds, Goldman Sachs Group, Inc. (NYSE:GS) also serves as an adviser for Apple Inc. (NASDAQ:AAPL) regarding its billions of dollars of available cash. According to an individual familiar...
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United Parcel Service, Inc. (UPS) Q1 Earnings Beat Estimates

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April 25, 2013
TEST6United Parcel Services Logo

United Parcel Service, Inc. (NYSE:UPS) reported first quarter earnings that topped Wall Street expectations, helped by e-commerce and export shipments. Excluding one time items, the first quarter earnings rose 4 percent to $1.04, while net income surged 7 percent to $1.04 billion. Revenues increased 2.3 percent from $13.14 billion in the first quarter of the previous year to $13.43 billion. Analysts were expecting $1.01 per share excluding one time items on revenues of $13.46 billion. Operating...
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Nuance Seeks Goldman Sachs Advice After Icahn Acquires Stake

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April 24, 2013
TEST6Nuance Communication Logo

The management of Nuance Communications Inc. (NASDAQ:NUAN), provider of voice and language solutions for businesses and consumers worldwide seeks advice from Goldman Sachs Group, Inc. (NYSE:GS) after activist investor Carl Icahn purchased a stake in the company, according to Wall Street Journal  sources. Early this month, Icahn acquired 9.3 percent passive stake in the company. The activist investor did not specify his intention for the company in his filing with the Securities and Exchange Commission (SEC)....
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Boeing Q1 Earnings Beat Estimates Despite Dreamliner Troubles

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April 24, 2013
TEST6Boeing 787

The Boeing Company (NYSE:BA) announced better than expected first quarter results. Analysts were worried that the battery problems related to its 787 Dreamliner planes could hamper the company’s earnings. Regulators in the U.S and Japan had instructed airlines to temporarily ground the planes. The aerospace giant reported a net profit of $1.11 billion or $1.44 per share, compared to $923 million or $1.22 per share in the first quarter of 2012. This year’s first quarter earnings include...
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Wall Street Echoes Buffett In Single Home Investments

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April 22, 2013
TEST6Real Estate Investors

Big investors are pouring money into areas hardest hit by the real estate bubble and subsequent crash caused by, well, them. “Dead Beat” homeowners can hardly be blamed for the most recent crash in the housing market. That must certainly be reserved for those on Wall Street who provided the pitfall of easy credit and dangerous leverage. Now they are moving back in while preventing families, newlyweds, and first time home owners from actually...
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Wall Street Now Allowing Twitter Via Bloomberg Terminal

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April 4, 2013
TEST6Twitter

Twitter is finally arriving on Wall Street’s trading desks via Bloomberg terminals, after being largely blocked by Wall Street banks, NY times reported today. Bloomberg announced on Thurday that it was incorporating a new feature into its data service that would allow traders and other professionals to stay informed about the companies and industries they follow and to keep an eye on social media buzz. “We were getting requests from customers who were seeing...
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