Tag: wednesday

Qualcomm to Purchase Atheros for $3.2 Billion

Filed in acquisitions, New Gold, o by on January 5, 2011 0 Comments
Qualcomm to Purchase Atheros for $3.2 Billion

Filed under: Deals , QUALCOMM Inc (QCOM) Qualcomm ( QCOM ) is spreading its wings. It said Wednesday it has agreed to purchase Atheros Communications ( ATHR ) for $3.2 billion, as reported by the Associated Press . Why is Qualcomm making this deal? What are the advantages to the company? Qualcomm is a big player in supplying chips to wireless phones. It has been looking to put its products in tablets and social notebook computers. Continue reading Qualcomm to Purchase Atheros for $3.2 Billion Qualcomm to Purchase Atheros for $3.2 Billion originally appeared on BloggingStocks on Wed, 05 Jan 2011 09:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Wynn Resorts Upgraded to “Overweight” at JPMorgan (WYNN)

Hotel/casino operator Wynn Resorts, Limited ( WYNN ) on Thursday saw its rating and price target boosted by analysts at JPMorgan. The firm said it upgraded WYNN from “Neutral” to “Overweight,” and raised its price target from $115 to $118. That new target implies an 18% upside to the stock’s Wednesday closing price of $100.74. Wynn Resorts shares jumped $2.81, or +2.7%, in premarket trading Thursday. The Bottom Line Shares of Wynn Resorts ( WYNN ) have a .99% dividend yield, based on last night’s closing stock price of $100.74. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $109-$111 price levels. Wynn Resorts, Limited ( WYNN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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Fed Opens Books, Revealing European Megabanks Were Biggest Beneficiaries.

Filed in economy, gld, Gold, o, obama by on December 1, 2010 0 Comments

Deutsche Bank, a German lender, has sold the Fed more than $290 billion worth of mortgage securities, Fed data through July shows. Credit Suisse, a Swiss bank, sold the Fed more than $287 billion in mortgage bonds. The data had previously been secret. It was released Wednesday per the recently-enacted law overhauling the federal financial regulation. The Fed, ferociously backed by the Obama administration, fought lawmakers’ desire for full disclosure throughout the financial reform debate.

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Gold stocks recovering after bullion price drop

Filed in African Gold, Gold, o by on November 17, 2010 0 Comments

Gold stocks began recovering losses from Wednesday’s selloff after gold bullion prices dropped $40, though the Gold Composite was still trading down 2.33% at 1244.9 at 11:30am EST.

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Settlers Attack Palestinian Farmers, School in Northern West Bank

Filed in Gold Spot Market by on October 21, 2010 0 Comments

On Wednesday 20 October, Israeli settlers attacked a group of farmers from the Boreen village, in the southern Nablus district, who were working in their fields, harvesting the olive crop. The settlers, some of whom were armed, injured farmer Moner Qados, beating him in the back and face. While he was being taken to the hospital the army arrested his relative Ismael Qados, who was also working on his land in the same area. According to local sources, the settlers then stole some of the crops.

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Eldorado (NYSE:EGO), Gammon (NYSE:GRS), Ivanhoe (NYSE:IVN) Surge on Gold Prices Soaring

Eldorado Gold Corp Ltd (NYSE:EGO); Gammon Gold Inc. (NYSE:GRS) Ivanhoe Mines Ltd (NYSE:IVN) are all moving higher with more record gold prices today, as the economic conditions remain conducive to ongoing gold strength.Gold skyrocketed to another record high Wednesday, exploding to as high as $1,375.70 for December delivery. Spot gold was up over $20, rising to $1,370.70 at a little after 1:30 PM

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Almost 100 Puerto Rican law officers arrested

Filed in Gold by on October 6, 2010 0 Comments

Nearly 100 current and former Puerto Rican law enforcement officers were arrested Wednesday on drug-related charges as part of the largest police corruption investigation in the history of the FBI.

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UnitedHealth’s Price Target Boosted at Morgan Stanley (UNH)

Filed in dividend, Gold, Gold Investment, shares by on October 6, 2010 0 Comments
UnitedHealth’s Price Target Boosted at Morgan Stanley (UNH)

Health and prescription benefits company UnitedHealth Group Inc. ( UNH ) saw its price target raised on Wednesday by analysts at Morgan Stanley. The firm said it now expects UNH shares to reach $42, which implies a 20% upside to the stock’s Wednesday closing price of $35.07. Morgan Stanley noted the company should continue to experience growth in its services segment, and maintained its “Overweight” rating. UnitedHealth shares fell 17 cents, or -0.5%, in premarket trading Wednesday. The Bottom Line We have avoided shares of UNH since our early June 2008 coverage began, when the stock was trading at $33. The company has a 1.43% dividend yield, based on last night’s closing stock price of $35.07. The stock has technical support in the $32 price area. If the shares can firm up, we see overhead resistance around the $37-$42 price levels. We would remain on the sidelines for now. UnitedHealth Group Inc. ( UNH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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Investor Toolkit: Improve your profits — and cut your risk — with dividend paying stocks

Filed in dividend, Gold Investing, Gold Prices, silver, updates by on September 22, 2010 0 Comments

Every Wednesday, we publish our “Investor Toolkit” series on TSI Network. Whether you’re a new or experienced investor, these weekly updates are designed to give you specific advice on successful investing. Each Investor Toolkit update gives you a fundamental tip and shows you how you can put it into practice right away. Today’s tip: “Dividends …

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EMs benefit from low developed rates, but may fall prey to capital gains rise

Filed in Gold, silver by on September 15, 2010 0 Comments
EMs benefit from low developed rates, but may fall prey to capital gains rise

A couple of interesting FT pieces from Wednesday point to potentially opposing forces at work in the event that a) tax cuts are allowed to expire in America; and b) monetary policy among developed nations remains accomodative. Per Richard Bernstein on the first point:  “The Bush tax cuts may have encouraged capital flight from the US because

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Combat mission continues as U.S.-Iraqi raid kills 7 in Fallujah

Filed in Bank Gold, Gold by on September 15, 2010 0 Comments

McClatchy News | U.S. and Iraqi forces raided a neighborhood in the longtime Sunni Muslim insurgent stronghold of Fallujah early Wednesday, Iraqi officials said.

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AIPAC still not regulated as a political committee

Filed in Bank Gold by on September 12, 2010 0 Comments

When a federal judge deploys an exclamation point in an opinion, you know something unusual is going on. On Wednesday, U.S. District Judge Richard Leon tried to dispense of a case entitled Akins v. Federal Election Commission. The excruciatingly long-running case really involves, though, the American Israel Public Affairs Committee, AKA AIPAC. A number of former ambassadors, congressmen and government officials critical of the pro-Israel lobbying group sued the Federal Election Commission after the FEC declined to regulate AIPAC as a political commitee. The date of that original lawsuit? 1992. In the meantime, three of the original plaintiffs have died and the case has had a tortured path up and down the appellate path. On Wednesday, for reasons that may or may not be worth exploring, Judge Leon dismissed the case with these heart-felt words: “This never ending legal saga has spanned almost twenty years, multiple administrative complaints, and the careers of numerous Judges and Justices. To say the least, the time to complete the judicial review of these FEC decisions is long overdue. While time will tell what role, if any, this Opinion will have played in this interminable legal drama, I certainly trust that I will be the last District Judge that has to wrestle with this seemingly inexhaustible Hydra.” Oh, and the exclamation comes when Judge Leon exclaims, “Unfortunately, this appellate odyssey had only just begun!”

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