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Thursday, March 18, 2010
   
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Kent County Daily Times
Goldman Upgrades Statoil, Bearish on Total
Thursday, 18 March 2010
Goldman Sachs (GS) is making a few calls in the energy sector today. Goldman upgraded Norway-based oil and gas company Statoil (STO) from neutral to buy, and even put the stock it on its conviction buy list.
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Burger King Stock Upgraded by Deutsche Bank
Thursday, 18 March 2010
Despite its announcement last week that winter storms took a bit out of February sales, Burger King (BKC) was upgraded today by a Deutsche Bank (DB) analyst from hold to buy. Deutsche Bank said the stocks current price makes it a good buy, and that it sees room for upside from here as the economy recovers.
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Retail Earnings: Ross Stores, GameStop
Thursday, 18 March 2010
Ross Stores (ROST) posted fourth quarter earnings this morning of $142.9 million, or $1.16 per share, as compared to $97.4 million, or 76 cents per share, in the same period last year. The earnings pop was driven by sales that rose 14 percent, to $1.98 billion.
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Business Update:Euro falls on Greece
Thursday, 18 March 2010
The euro sank against the dollar as Greece's Prime Minister urges the EU to help it out of its debt crisis, London taxi cab's to be made in China and talks planned to try and avert BA strike.
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FedEx Doubles Earnings, Hikes Outlook
Thursday, 18 March 2010
FedEx (FDX) more than doubled it profit in its fiscal third quarter, to $239 million, or 76 cents per share, as compared to $97 million, or 31 cents per share, in the same quarter last year. Earnings came in ahead of analyst estimates.
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