Sterne Agee News
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Gleacher & Co., the brokerage that’s closing its fixed-income business, won’t face a boardroom challenge from activist shareholder Clinton Group Inc. as the hedge-fund firm won’t nominate its own slate of directors.
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Gleacher & Co., the brokerage that’s closing its fixed-income business, reported a wider first- quarter loss and said its prospects are “highly uncertain.”
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Electronic Arts Inc., the No. 2 U.S. video-game maker, rose the most in 13 years after forecasting annual profit that exceeded analysts’ estimates, a result of cost cutting.
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Electronic Arts Inc., the No. 2 U.S. video-game maker, rose the most in 13 years after forecasting annual profit that exceeded analysts’ estimates, a result of cost cutting.
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Weatherford International Ltd., the world’s fourth-largest oilfield services provider, rose after forecasting increased profits in Mexico through the rest of this year.
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Beazer Homes USA Inc., an Atlanta- based builder, rose the most in almost 15 months after reporting a narrower quarterly loss and saying it expects to become profitable in the second half of the fiscal year.
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Gleacher & Co., the brokerage that closed its fixed-income business, should fire Chief Executive Officer Thomas Hughes, according to private-equity firm MatlinPatterson Global Advisers LLC.
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Oil States International Inc., a provider of housing at oilfields, rose to the highest in its history after activist investor Jana Partners LLC disclosed a stake and said it’s talked with management about strategic changes.
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Zynga Inc., the biggest maker of online social games, forecast second-quarter sales that may fall short of some analysts’ estimates as revenue from mobile titles fails to make up for a drop in users playing its games on Facebook Inc.’s website.
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Sterne Agee Group Inc. is in talks to combine with Gleacher & Co., the investment bank that’s lost $180.4 million since 2009, people familiar with the matter said.
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