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Goldcorp (NYSE:GG) in Record Net Earnings, Gold Production

admin — Sat, 26 Feb 2011 06:16:00 +0000

Goldcorp (NYSE:GG) reports record gold production and net earnings for 2010. Adjusted net earnings of $1 billion or $1.37 a share were reported in 2010, up from net earnings of $588.2 million or 80-cents a share reported for 2009. Net earnings for 2010 were a record $1.6 billion or $2.14 ar share, compared to net earnings of $240.2 million or 33-cents/sh reported for 2009. Goldcorp reported

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Goldcorp (NYSE:GG) in Record Net Earnings, Gold Production

Vale (NYSE:VALE) Says Earnings Best Ever in Mining Industry

admin — Sat, 26 Feb 2011 06:11:00 +0000

Vale (NYSE:VALE) reported what they called the ‘best ever’ annual result in the mining industry: $17.3bn in 2010. Vale CEO Roger Agnelli says – that given the company’s project pipeline and the demand for its metals and minerals production-”even better days are ahead for us.” Vale Thursday reported its “best ever annual result, characterized by all-time high figures for operating revenues,

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Vale (NYSE:VALE) Says Earnings Best Ever in Mining Industry

Bank of America (BAC) Rolls Out New Checking Fee Structure, Follows (JPM), (C), (WFC)

admin — Sat, 26 Feb 2011 02:58:00 +0000

Following in the footsteps of JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC), Bank of America (NYSE:BAC) has launched its new fee structure for checking accounts, starting it off in Arizona, Georgia and Massachusetts.The formerly free accounts will include fees ranging from $6 to $25, depending on a variety of factors. After working through the system, Bank of America will

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Bank of America (BAC) Rolls Out New Checking Fee Structure, Follows (JPM), (C), (WFC)

Bank of America (BAC) Wins Dismissal in Auction-Rate Case

admin — Fri, 25 Feb 2011 02:28:00 +0000

Bank of America Corp. (NYSE:BAC) won dismissal of claims by investors that it misled them about the liquidity of its auction-rate securities and manipulated the market for the investments, a federal judge in San Francisco ruled. U.S. District Judge Jeffrey White said in an order today that investors could renew market-manipulation claims if they added more information to their complaints.

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Bank of America (BAC) Wins Dismissal in Auction-Rate Case

Market Wrap-Up for Feb.23 (HPQ, MRO, DEP, CVX, COP, EPD, more)

admin — Thu, 24 Feb 2011 04:08:15 +0000

Sky-high oil prices are continuing to impact the markets more than some pundits have previously predicted. Too many in the media were painting too easy a picture of the Middle East situation, and you can see how quickly things can escalate, especially when it comes to the spike in oil costs. We removed a few more names from our “Best Dividend Stocks” list today so please be sure to check out the link below if you did not read the e-mail alert we sent out earlier. Elsewhere, earnings reactions to Hewlett Packard ( HPQ ) did not go well, with shares closing down nearly 10%. Other earnings-related selling occurred in names like Fluor Corp ( FLR ), Washington Post ( WPO ), and Eaton Vance ( EV ). Not surprising that energy names were pushing higher once again, on the back of higher oil prices. We saw big gains for Marathon Oil ( MRO ), ConocoPhillips ( COP ) and Chevron ( CVX ). It was also a good day for Duncan Energy Partners ( DEP ) on the news Enterprise Products Partners ( EPD ) was making a bid for the company. There was a great piece on CBS Moneywatch yesterday that highlighted individuals making $100K or more, as broken down by an American Savings Education Council survey. The focus was on savings and retirement. Here were some of the main points: * 81 percent have a savings plan with specific goals. * 39 percent have no consumer debt. * 43 percent are able to save more than 10 percent of their income. * 59 percent have automated savings set up outside of their workplace retirement plan. * 68 percent save – rather than spend – at least part of a windfall such as a bonus or tax refund. * 74 percent are saving enough for retirement. Everyone knows I am a big fan of automating. Automating your saving and investing is one of the best ways you can get yourself and others you are hoping to teach about money in the right direction from day one. What you don’t …

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Market Wrap-Up for Feb.23 (HPQ, MRO, DEP, CVX, COP, EPD, more)

Genuine Parts Company Q4 Profit Jumps 20%, Raises Dividend 10% (GPC)

admin — Tue, 22 Feb 2011 21:11:06 +0000

Auto parts maker Genuine Parts Company ( GPC ) on Tuesday said its fourth quarter profit rose 20% from last year, led by a strong uptick in sales, beating analyst expectations. The Atlanta-based company reported fourth quarter net income of $118.65 million, or 75 cents per share, compared with $99.17 million, or 62 cents per share, in the year-ago period. Sales jumped 14% from last year to $2.81 billion. On average, Wall Street analysts expected a smaller profit of 70 cents per share, on lower revenue of $2.74 billion. CEO Tom Gallagher commented, “We are encouraged by the strength in sales across all of our business segments in the fourth quarter. Our Automotive sales were up 9%, our Industrial Group sales were up 24%, our Electrical Group sales were up 40% and our Office Products Group sales were up 3%.” The company has declared a quarterly dividend of $0.45 per common share, $1.80 annualized. The dividend is a 10% increase from the current rate of $0.41. GPC shares were mostly flat in premarket trading Tuesday. The Bottom Line We have been recommending shares of Genuine Parts ( GPC ) since Dec.6, 2010, when the stock was trading at $50.06. The company has a 2.97% dividend yield, based on Friday’s closing stock price of $55.25. Genuine Parts Company ( GPC ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Genuine Parts Company Q4 Profit Jumps 20%, Raises Dividend 10% (GPC)

National Bank of Greece (NBG) Bid Rejected by Alpha Bank

admin — Sat, 19 Feb 2011 02:12:00 +0000

The $3.8 billion unsolicited from National Bank of Greece SA (NYSE:NBG) for Alpha Bank SA, was rejected as an inadequate offer by Alpha’s board.National Bank of Greece SA is the largest in the country and Alpha Bank is the third-largest bank in Greece.When making the offer for Alpha on January 18, National Bank asked for Alpha to give the bid “serious consideration.” National Bank said the new

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National Bank of Greece (NBG) Bid Rejected by Alpha Bank

General Electric (GE) Building $550 Million Brazilian Research Center

admin — Fri, 18 Feb 2011 02:40:00 +0000

With an eye toward expanding its presence in Brazil, General Electric (NYSE:GE) announced it will be building a $550 million research center in Brazil, focusing on IT, energy and health sectors. The center will be built in the state of Rio de Janeiro, according to Brazilian Science and Technology Minister Aloizio Mercadante, who attended a meeting with Brazilian President Dilma Rousseff and GE

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General Electric (GE) Building $550 Million Brazilian Research Center

Fidelity Select Healthcare (FSPHX): The Right Prescription

admin — Fri, 18 Feb 2011 01:00:00 +0000

Filed under: Newsletters , Mutual Funds “We own a healthy dose of Fidelity Select Healthcare ( FSPHX ) in each of our model portfolios,” says fund expert Jim Lowell . The editor of Fidelity Investor explains, “Manager Eddie Yoon and I caught up this month. His command of the sector and his growth-oriented discipline continue to serve us well on both our risk-adjusted and real return fronts/ “Of course, healthcare (representing nearly 16% of our total GDP) is unlike any other sector in the S&P. It is so diversified and global, so interrelated to technology, manufacturing, and R&D, so dependent upon delivering real goods and services for consumer consumption, that it is almost an economy unto itself. Continue reading Fidelity Select Healthcare (FSPHX): The Right Prescription Fidelity Select Healthcare (FSPHX): The Right Prescription originally appeared on BloggingStocks on Thu, 17 Feb 2011 13:00:00 EST. Please see our terms for use of feeds . Permalink �|� Email this �|� Comments

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Fidelity Select Healthcare (FSPHX): The Right Prescription

Royal Gold (RGLD): A Net Asset Value Buy

admin — Thu, 17 Feb 2011 00:30:00 +0000

Filed under: International Markets , Newsletters , Mexico , Commodities , Stocks to Buy “Royal Gold ( RGLD ), a gold royalty operation, is progressing well, and is a good buy at current levels,” says global resources expert Adrian Day . The editor of The Global Analyst explains, “Over $6 a share income by 2013 makes Royal Gold fundamentally inexpensive; it is also selling below a reasonable net asset value, unusually for gold stocks. “The company hold a gold royalty on part of the huge Penasquito mine in Mexico, which had a good first quarter. Royal Gold has other new projects gearing up to boost revenues. Andacollo started production in October, so this year will see a full year of revenues from two new mines. Continue reading Royal Gold (RGLD): A Net Asset Value Buy Royal Gold (RGLD): A Net Asset Value Buy originally appeared on BloggingStocks on Wed, 16 Feb 2011 12:30:00 EST. Please see our terms for use of feeds . Permalink �|� Email this �|� Comments

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Royal Gold (RGLD): A Net Asset Value Buy

Tech Expert Eyes QuickLogic (QUIK)

admin — Tue, 15 Feb 2011 22:30:00 +0000

Filed under: Newsletters , Stocks to Buy “QuickLogic ( QUIK ) recently reported fourth quarter revenue slightly below its revised guidance, and forecast that Q1 new product revenue would be down roughly $100K,” notes tech sector specialist Paul McWilliams . In his Next Inning newsletter, he explains, “Both are clearly disappointing pieces of news. However, as I see it, the disappointment ends there, and I continue to own these shares. “The semiconductor company makes products that enable customers to add new features, extend battery life and enhance images on mobile and consumer products. Continue reading Tech Expert Eyes QuickLogic (QUIK) Tech Expert Eyes QuickLogic (QUIK) originally appeared on BloggingStocks on Tue, 15 Feb 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink �|� Email this �|� Comments

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Tech Expert Eyes QuickLogic (QUIK)

Jaguar Mining (NYSE:JAG) Closes $100 Million Senior Notes Offering

admin — Thu, 10 Feb 2011 02:29:00 +0000

Jaguar Mining (NYSE:JAG) announced they’ve closed on their $99.3 million senior notes offering. The aggregate principal amount was $103.5 million. Included in the issuance was $13.5 million aggregate principal amount of notes following the full exercise of the over-allotment option granted by Jaguar to the original purchasers. The 5.5% senior convertible notes will be due 2016. Net capital raised

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Jaguar Mining (NYSE:JAG) Closes $100 Million Senior Notes Offering