Fitch Ratings May Downgrade US Debt Rating
Publish Date : 6/9/2011 4:24:00 AM
Fitch Ratings Agency said late Wednesday that it will review the US debt rating and might downgrade the rating if US lawmakers fail to increase the nation’s borrowing limit before the government runs out of money in August.
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Deutsche Bank Reiterate Hold Rating on Kinder Morgan
Publish Date : 6/8/2011 2:10:00 PM
Kinder Morgan, Inc. (NYSE: KMI) maintained Hold rating at Deutsche Bank, as the analysts believe that the company’s scale and high splits payout have worked negatively for it. They set a price target of $30 per share for the stock based on a discounted cash flow model.
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Ford Retains Buy Rating at Deutsche Bank
Publish Date : 6/8/2011 2:00:00 PM
Analysts at Deutsche Bank maintained Buy rating on the shares of Ford Motor Co. (NYSE: F) based on its valuation. They reduced the stock’s price target to $19 from $20.
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Fed Chief and Banking Chief Square Off
Publish Date : 6/8/2011 12:20:00 PM
A sideshow has emerged as the biggest story from Fed Chairman Ben Bernanke's speech yesterday at the International Monetary Conference.
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Fed Chief Delivers Sober Economic Assessment
Publish Date : 6/8/2011 12:00:00 PM
Federal Reserve Chairman Ben Bernanke didn't put any gloss or spin on his story of a still-struggling U.S. economy during a June 7 speech at the International Monetary Conference in Atlanta.
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Hot Stocks of the Day: MCD, BP, MRK, HSY, COV, MS, WPRT
Publish Date : 6/8/2011 11:00:00 AM
The US market started Wednesday’s trading on a soft note following Federal Reserve Chairman Ben Bernanke’s assessment of the global economic recovery. The Dow Jones industrial average added 0.11 percent or 13.09 points to trade at 12,083.90, and the Standard & Poor’s 500 index added 0.12 percent or 1.45 points to trade at 1,286.39. However, the Nasdaq Stock Market Inc. composite index fell 0.30 percent or 8.11 points to trade at 2,693.55.
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Banks Stay Down While Credit Card Companies Rise
Publish Date : 6/7/2011 1:30:00 PM
Much has been written in recent weeks – TheStreet.com, CNNMoney, and the other usual suspects - about the woeful performance of the big banks and the strong performance of credit card issuers and lenders. But sometimes the numbers tell the story better than words.
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