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CHICAGO -- Zacks Equity Research highlights Stanley Black & Decker (NYSE: SWK) as the Bull of the Day and State Street Corp. (NYSE: STT) the Bear of t...
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BOSTON -- State Street Corp. said Monday it will buy Investors Financial Services Corp. for $4.16 billion in stock to expand into providing institutional asset services for the fast-growing hedge fund industry and funds managed overseas.
State Street said it eclipsed other bidders to reach an agreement between two Boston-based firms that would pay IFS investors a hefty premium on their shares. That premium shrank quickly Monday, from 38 percent before the deal was announced to 29 percent as the news dragged down State Street's stock. Shares of Investors Financial Services still soared 27 percent.
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CHICAGO -- Zacks.com releases the latest list of Zacks Rank Buy Stocks. Every day on Zacks.com, four stock picks are made based on criteria for the ea...
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John M. Callagy, Kelley Drye & Warren LLP, New York, N.Y. (Neil Merkl, David Zalman, Kelley Drye & Warren LLP, New York, NY, on the brief) for Appelle...
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CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news a...
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NEW YORK/WILMINGTON, Del. (Reuters) - U.S. states are stepping up probes into whether banks overcharged public pension funds millions of dollars in converting currencies for securities trades, a lucrative area of banking.
Officials in Florida, Virginia and California are examining foreign exchange fees paid by state retirement systems and they are getting help from would-be whistle-blowers who have filed private lawsuits against Bank of New York Mellon Corp. and State Street Corp.
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CHICAGO -- Zacks Equity Research highlights POSCO (NYSE: PKX) as the Bull of the Day and State Street Corp. (NYSE: STT) the Bear of the Day. In additi...
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CHICAGO -- Zacks Equity Research highlights Snap-on (NYSE: SNA) as the Bull of the Day and State Street Corp. (NYSE: STT) the Bear of the Day. In addi...
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CHICAGO -- Zacks.com announces the list of stocks featured in the Broker Upgrades. Every week, Zacks editor Mark Vickery updates the latest news and e...
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BOSTON - State Street Corp. said Monday that it will buy Investors Financial Services Corp. for $4.18 billion in stock to expand into providing institutional asset services for the fast- growing hedge fund industry and funds managed overseas.
State Street said it eclipsed other bidders in reaching a deal between two Boston-based firms that would pay IFS investors a 38 percent premium on the value of their shares.