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Dow Flirts With 17,000, S&P 500 Inches Closer To 2,000 In First Trading Day Of The Third Quarter
Tuesday, July 1, 2014 - 4:48pm | 2089U.S. stocks were higher as the back-end of 2014 kicked off. The Dow came within less than two points of reaching the 17,000 mark as investors and traders found plenty of positives in a better-than-expected June auto sales and an expansion in U.S. manufacturing. The S&P 500 also traded at...
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Market Wrap For June 6: Markets Higher After In-Line Jobs Report
Friday, June 6, 2014 - 4:47pm | 1530U.S. stocks were higher on Friday, marking the third consecutive week of gains. Investors cheered May's job report which showed a slow and steady improvement in the labor market. Continuing the trend set in recent trading sessions, the Dow Jones Industrial Average and S&P 500 index...
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Market Wrap For May 14: Dow's Winning Streak Ends At Five Sessions
Wednesday, May 14, 2014 - 4:47pm | 2536U.S. stocks declined a day after the S&P 500 and Dow indices traded at record-high levels. Investors and traders were likely paying attention to the ten-year Treasury yield which hit 2.5258, the lowest level since late October. The bull market has paused, temporarily at least, until...
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Market Wrap For March 12: Nasdaq Ends Losing Streak, Dow Mildly Lower
Wednesday, March 12, 2014 - 4:51pm | 2142U.S. stocks were little changed as investors found no new positive (or negative) developments from Ukraine and no new economic reports from China. Stanley Fischer, the nominee for Federal Reserve vice chairman will deliver a prepared testimony ahead of his confirmation at the Senate Banking...
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Market Wrap For Febuary 20: S&P 500 Inches Closer To New Highs
Thursday, February 20, 2014 - 5:46pm | 3262U.S. stocks overcame mixed economic data and earning reports as the S&P 500 inches towards new all time highs and the Dow recorded an almost triple digit point gain. Jobless claims declined less than expected while consumer prices met expectations and rose slightly. Data from the...
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Market Wrap For February 14: Markets End The Week Positive
Friday, February 14, 2014 - 5:50pm | 2701U.S. stocks rose on Friday as investors were able to overlook some disappointing economic data as a result of cold weather. Major indices showed signs of strength today as the Nasdaq continues to inch towards historical all time highs of 5,135.52 recorded on March 10,2000. Today, the index hit...
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Coty Seeks $700 Million for IPO
Friday, June 29, 2012 - 8:18am | 364Beauty company Coty filed for an initial public offering (IPO) Friday with the aim of raising $700 million. According to Reuters, Chairman Peter Harf told a German newspaper in May that the company was preparing for an IPO and soon afterwards announced the selection of Bank of America Merrill...
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Coty is Done Bargaining, Closes Door on Avon Deal
Tuesday, May 15, 2012 - 10:57am | 219It was revealed on Tuesday that Coty dropped its $10.7 billion takeover bid for Avon (NYSE: AVP) after months of dallying and indecision from the door-to-door cosmetics giant. It shouldn't be a surprise, as Coty had put a firm date on a deadline for Avon to come back with an answer. That deadline...
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UPDATE: Bank of America Merrill Lynch Approves of New Avon CEO
Monday, April 9, 2012 - 9:46am | 108In a company update released earlier today, Bank of America Merrill Lynch said that they agree with the decision by Avon Products, Inc. (NYSE: AVP) to hire Sherilyn McCoy as the company's new CEO. In the report, BofA Merrill Lynch went on to say “Following Coty's [Avon's rival beauty products...
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UPDATE: Wedbush Downgrades Avon Products to Neutral
Monday, April 2, 2012 - 12:59pm | 153Wedbush Securities has published a research report on Avon Products (NYSE: AVP) and has downgraded the company from Outperform to Neutral based on the company's core fundamental strengths remaining in tact near term. In the report, Wedbush Securities writes, "Privately held Coty Inc., one of the...
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Coty Answers the Door to Avon and Wants to Buy the Whole Company
Monday, April 2, 2012 - 9:02am | 416It was revealed on Monday that Coty has made an unsolicited offer to buy Avon Products (NYSE: AVP), the door-to-door cosmetics seller that is something of a national treasure. According to Bloomberg, AVP may be tempted as it is currently the subject of a bribery probe, and the deal is valued at $...