Daily Markets - NeuroMetrix Meets But Loss Swells |
- NeuroMetrix Meets But Loss Swells
- Morgan Stanley Charged By FINRA
- Whirlpool Spends $0.2M For Lobbying
- Stock Market News Briefs: Advance Auto Parts Inc, Briggs & Stratton, Citigroup, Goldman Sachs Group, Macy’s Inc, Cisco Systems, EBay
- Honda Recalls 383,000 Vehicles
- Delphi Calls For Notes Redemption
- Aflac Ups Dividend, Resumes Buyback
- Pulse Of Commerce Index Reaches 23-Month High
- BMC Software Wins Motorola Deal
- Wells Fargo Loses Overdraft Case
- Citi Sells $3.5B Loans To JPMorgan
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Under Pressure
- Euro: The Downside Prevails
- How You Can Profit From The Fed’s Treasury Purchase Plan
- Microsoft, Yahoo Get Inventive
- Ford Gets Approval For JV Split
- Forex Trading: USDJPY In Code RED Mode. What Key Levels Should Be Watched
- ECB Lowers 2011 GDP Growth Forecast; EUR/USD Stalls At The 100-Day SMA
- S&P Upgrades Dow Chemical
- Forex Trading: EURUSD Tests 100 Day And 100 Month MA. 38.2% Retracement Support
- Could Commodity Prices Be In For A Downdraft?
- Active ETF Basics: Active Mutual Funds Vs Active ETFs
| NeuroMetrix Meets But Loss Swells Posted: 12 Aug 2010 08:05 AM PDT Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) reported second-quarter fiscal 2010 net loss per share of 20 cents, in line with the Zacks Consensus Estimate, but wider than the year-ago loss of 13 cents. Net loss bloated two and half fold to $4.5 million from $1.8 million a year ago as revenues were hit by the revamp in Medicare reimbursement.
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| Morgan Stanley Charged By FINRA Posted: 12 Aug 2010 07:35 AM PDT On August 10, investment banking giant Morgan Stanley (NYSE:MS) was accused by the Financial Industry Regulatory Authority (FINRA) for delivering independent research disclosure requirements that were not up to the required standards. As a result, the company was fined approximately $0.8 million for insufficient disclosure of facts for April 2006 to June 2010. Accordingly, Morgan Stanley was found guilty of not revealing its relationships with the companies that were under their independent … [visit site to read more]
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| Whirlpool Spends $0.2M For Lobbying Posted: 12 Aug 2010 07:35 AM PDT Whirlpool Corporation's (NYSE:WHR) lobbying expenses amounted to $200,000 million in the second quarter ended June 30, 2010. Though expenses reduced from $280,000 in the previous quarter, it increased by about $40,000 over the same quarter last year.
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| Posted: 12 Aug 2010 07:05 AM PDT After yesterday’s close, Cisco (NASDAQ:CSCO) reported fiscal fourth quarter adjusted earnings of 43 cents a share as revenues increased 27% to $10.84 billion, just below Zacks estimates at $10.86 billion. The company said it sees first-quarter revenue of $10.62 billion to $10.82 billion, an 18-20% y/y increase Advance Auto Parts (NYSE:AAP) posted second quarter earnings of $1.16, fourteen cents above Zacks projections, on a 7.2% revenue increase to $1.42 billion, just above estimates of … [visit site to read more]
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| Honda Recalls 383,000 Vehicles Posted: 12 Aug 2010 07:05 AM PDT Honda Motor Co. (NYSE:HMC) has announced that it would recall 383,000 vehicles sold in the U.S. in order to fix a faulty ignition system that is turning the engine off without being placed in park. According to the National Highway Traffic Safety Administration, the fault increases the possibility for the vehicles to roll away.
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| Delphi Calls For Notes Redemption Posted: 12 Aug 2010 07:05 AM PDT Earlier during the week, Delphi Financial Group Inc. (NYSE:DFG), a provider of integrated employee benefit services, announced the redemption of $50.0 million in 8.00% senior notes due 2033. The redemption date is set for September 21, 2010. The outstanding principal amount of the notes would be $68.8 million after the redemption. The redemption is being done at par value plus accrued interest to − but not including − the redemption date. The notes with an aggregate principal amount of $125 … [visit site to read more]
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| Aflac Ups Dividend, Resumes Buyback Posted: 12 Aug 2010 07:05 AM PDT After a satisfactory performance in the second quarter, Aflac Inc. (NYSE:AFL) further enhanced its value by declaring a 7.1% hike in its dividend and by recommencing its share repurchase program that was shelved in 2008. Aflac's business operations had got a hard thrashing by the financial crisis that peaked in 2008, a condition similar to its peers. The global market crisis had significantly impacted the investment returns of the company that restricted growth opportunities. Particularly, … [visit site to read more]
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| Pulse Of Commerce Index Reaches 23-Month High Posted: 12 Aug 2010 07:03 AM PDT MINNEAPOLIS, Minn., August 11, 2010 – “All signs continue to point to an economy in recovery with the latest release of the Ceridian-UCLA Pulse of Commerce Index (PCI) by UCLA Anderson School of Management. The July PCI climbed 1.7 percent after dropping 1.9 percent in June. Though the PCI fell significantly in June, a careful examination of the daily data revealed that June was not as bad as the headline number suggested because of a late Memorial Day and due to the second half of June … [visit site to read more]
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| BMC Software Wins Motorola Deal Posted: 12 Aug 2010 06:35 AM PDT Leading large enterprise software company BMC Software Inc. (NYSE:BMC) recently announced that the Australian wing of mobile phone maker Motorola Inc. (NYSE:MOT) will deploy its Remedy IT Service Management Suite (ITSM). Motorola will integrate BMC Software's solution into its service businesses to provide better and secured Information Technology (IT) support to its growing customer base in Australia. Information Technology service management helps professionals in the same field manage … [visit site to read more]
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| Wells Fargo Loses Overdraft Case Posted: 12 Aug 2010 06:35 AM PDT The time is out of joint for Wells Fargo & Co. (NYSE:WFC), which has hit the headlines for the wrong reasons yet again. It has been ordered to pay $203 million in order to recompense customers who had sued the company for charging improper overdraft fees. This ruling was given by the U.S. District Court of Northern California yesterday. The court has held Wells Fargo responsible for manipulating transaction entries to generate greater overdraft fees. Transactions were re-sequenced by the … [visit site to read more]
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| Citi Sells $3.5B Loans To JPMorgan Posted: 12 Aug 2010 06:35 AM PDT Citigroup Inc. (NYSE:C) has sold a $3.5 billion loan portfolio to JPMorgan Chase & Co. (NYSE:JPM). This portfolio consists of around 3,800 performing loans, primarily multifamily and commercial real estate loans associated with properties in New York, California and Illinois. The terms of the deal were not disclosed.
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| Posted: 12 Aug 2010 06:18 AM PDT |
| Japanese Yen: The Downside Prevails Posted: 12 Aug 2010 06:18 AM PDT |
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| How You Can Profit From The Fed’s Treasury Purchase Plan Posted: 12 Aug 2010 06:05 AM PDT This week’s decision by the U.S. Federal Reserve to buy Treasuries in an effort to prop up borrowing is further proof that the economy is worse off than policymakers would have us believe. But more than that, the Fed’s Treasury purchase plan is just one more reason for investors to anticipate inflation and take steps to protect their money from it. In case you missed the news, here’s what happened… The Federal Reserve on Tuesday announced that instead of allowing proceeds from … [visit site to read more]
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| Microsoft, Yahoo Get Inventive Posted: 12 Aug 2010 06:05 AM PDT Tying advertisements to Internet users' online behavior has so far remained restricted to text searches, but the trend is changing. There is a growing belief that consumers prefer to view ads of their choice when they go online, which is driving some big technology names such as Microsoft (NASDAQ:MSFT) and Yahoo (NASDAQ:YHOO) to rewrite the rules of online video advertising, the fastest growing form of online advertising.
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| Ford Gets Approval For JV Split Posted: 12 Aug 2010 06:05 AM PDT Ford Motor Co. (NYSE:F), Mazda Motor Corp. and China’s Chongqing Changan Automobile Co. have received approval from the Chinese government to split their three-way joint venture (JV), Changan Ford Mazda.
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| Forex Trading: USDJPY In Code RED Mode. What Key Levels Should Be Watched Posted: 12 Aug 2010 05:51 AM PDT |
| ECB Lowers 2011 GDP Growth Forecast; EUR/USD Stalls At The 100-Day SMA Posted: 12 Aug 2010 05:50 AM PDT Fundamental Headlines
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| Posted: 12 Aug 2010 05:35 AM PDT Credit rating agency, Standard & Poor has revised its outlook for The Dow Chemical Company (NYSE:DOW) to Positive from Stable, as stated by the Associated Press (AP). The ratings agency attributed Dow's Outlook upgrade to the solid second quarter results. According to AP, the agency has also reaffirmed its corporate credit ratings of "BBB-"on Dow and its subsidiaries including Rohm and Haas Co. and Union Carbide Corp. "BBB" is S&P’s lowest level investment-grade rating
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| Forex Trading: EURUSD Tests 100 Day And 100 Month MA. 38.2% Retracement Support Posted: 12 Aug 2010 05:34 AM PDT |
| Could Commodity Prices Be In For A Downdraft? Posted: 12 Aug 2010 05:29 AM PDT Several months ago Gluskin Sheff chief economist David Rosenberg pointed out that the Shanghai stock market appears to lead commodity prices by about four months. Looking at the chart below, the Shanghai Composite broke down in mid-April. Fast forward four months to today and factor in yesterday’s market action, not only in stocks but in commodity prices. Also consider that wheat prices, which had gone parabolic, had been pulling back for about a week, you have the makings of a serious … [visit site to read more]
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| Active ETF Basics: Active Mutual Funds Vs Active ETFs Posted: 12 Aug 2010 04:00 AM PDT When the first mutual funds appeared on the scene in the 1920s and subsequently exploded in their numbers in the 1950s and 1960s, most investors utilized these funds to access actively-managed portfolios. That largely held true until the first retail index fund was launched by John Bogle in 1976, the same fund that is now the Vanguard 500 Index Fund. However, even today, with US mutual fund assets standing at $10.5 trillion in June, the large majority of the assets in the space are still … [visit site to read more]
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