Daily Markets - The Obscenity Of The Right-Wing Professoriat
Daily Markets - The Obscenity Of The Right-Wing Professoriat |
- The Obscenity Of The Right-Wing Professoriat
- Wrong Direction
- Forex Trading: EURUSD Tests 100 Bar MA And FALLS Again
- Oil Tumbles While Gold Holds As Risk Aversion Lacks A Fundamental Stabilizer
- Petrobras Steps Forward For Biofuel
- Comerica Reaffirmed At Neutral
- Neutral On Patterson
- New Nordstrom Store In Macerich Mall
- Medical Action Acquires AVID
- Earnings Scorecard: Burger King
- China To Bolster Black Gold
- Kinross Acquires Dvoinoye Deposit
- AES Adds 16MW Capacity In Turkey
- CEMEX Reduces Debt
- A-Power’s Q2 Easily Beats
- Novartis’ Tekamlo Gains FDA Nod
- Good News For SonoSite
- Global Recovery Still On Track, Despite Angst
- Big Lots In Neutral Lane
- NextEra Unit Issues $400M Debt
- Infineon To Sell Business
- Angeion Beats Estimates Again
- Lockheed Gets Navy Sonar Contract
- St. Joe Sues M-I Swaco
- Genzyme Rejects Sanofi Offer
- Earnings Scorecard: Hormel Foods
- Forex Trading: AUDUSD: Making Sense Of The Hourly And 5 Minute Charts
- October Suprise? Cuba Opens (A Little) For Business.
| The Obscenity Of The Right-Wing Professoriat Posted: 30 Aug 2010 05:51 PM PDT I have the questionable distinction of appearing on Larry Kudlow's CNBC program several times a week, arguing with people whose positions under normal circumstances would get no serious attention, and defending policies I would have thought so clearly and obviously defensible they should need no justification. But we are living through strange times. The economy is so bad that the social fabric is coming undone, and what used to be merely weird economic theories have become debatable public … [visit site to read more]
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| Posted: 30 Aug 2010 05:32 PM PDT According to USA Today, “Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand.
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| Forex Trading: EURUSD Tests 100 Bar MA And FALLS Again Posted: 30 Aug 2010 05:19 PM PDT |
| Oil Tumbles While Gold Holds As Risk Aversion Lacks A Fundamental Stabilizer Posted: 30 Aug 2010 05:01 PM PDT North American Commodity Update
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| Petrobras Steps Forward For Biofuel Posted: 30 Aug 2010 03:35 PM PDT While global oil giants have taken significant steps toward biofuel generation, Brazil's state-owned energy company Petroleo Brasileiro S.A (PBR) or Petrobras S.A. is no exception. The company recently acquired 50% stake of Bioleo Industrial and Comercial, a local biodiesel company. The deal was made for a total consideration of 15.5 million Brazilian reals ($8.8 million). Petrobras made the purchase through its biofuels unit, Petrobras Biocombustivel.
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| Comerica Reaffirmed At Neutral Posted: 30 Aug 2010 03:05 PM PDT We have reaffirmed our Neutral recommendation on the shares of Comerica Inc. (CMA) following the company's earnings release, quarterly filing and the regulatory moves. The reaffirmation is based on the company's fundamentals, growth opportunities, credit environment and challenges in a post regulatory environment.
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| Posted: 30 Aug 2010 03:05 PM PDT We reaffirm our Neutral recommendation on Patterson Companies Inc (PDCO), a leading distributor of dental, companion-pet veterinarian and rehabilitation medical supplies in the U.S. and Canada . First-quarter fiscal 2011 (ended July 31, 2010) earnings per share of 45 cents beat the Zacks Consensus Estimate by a penny.
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| New Nordstrom Store In Macerich Mall Posted: 30 Aug 2010 02:35 PM PDT The Macerich Company (NYSE:MAC), a leading real estate investment trust (REIT), has recently announced the opening of a specialty fashion retail store by Nordstrom Inc. (NYSE:JWN) in Santa Monica Place, a shopping mall in Santa Monica, California.
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| Posted: 30 Aug 2010 02:35 PM PDT Disposable medical product supplier Medical Action Industries Inc (MDCI) has wrapped up its acquisition of custom procedure tray maker AVID Medical for $62.5 million in cash.
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| Earnings Scorecard: Burger King Posted: 30 Aug 2010 02:35 PM PDT Burger King Holdings Inc. (NYSE:BKC), the world's second largest fast food hamburger chain, posted fourth quarter and fiscal 2010 results on August 24. The company's adjusted earnings for both quarter and fiscal surpassed the Zacks Consensus Estimates, but results declined on a year-over-year basis on the back of sagging comparable restaurant sales, hurt by a sluggish economic environment and high level of unemployment. The recent earnings announcement, subsequent analyst estimate revisions … [visit site to read more]
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| Posted: 30 Aug 2010 02:17 PM PDT Last month, China superseded the United States as the world's largest energy consumer and the nation's expected appetite for black gold is likely to provide positive price support to crude oil and the US Oil Fund (USO), PowerShares DB Oil Fund (DBO) and the iShares Dow Jones US Energy (IYE).
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| Kinross Acquires Dvoinoye Deposit Posted: 30 Aug 2010 02:05 PM PDT Kinross Gold Corporation (NYSE:KGC) has acquired a 100% interest in Russia's Dvoinoye deposit and the Vodorazdelnaya exploration and mining licenses by taking over the Northern Gold LLC and Regionruda LLC, the companies that enjoyed the rights to the properties. In exchange, Kinross paid about $165 million in cash and about 10.56 million newly issued Kinross shares. Both assets are located north of Kinross’ Kupol operation in the Russian Far East. The open pit Dvoinoye mine operates for six … [visit site to read more]
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| AES Adds 16MW Capacity In Turkey Posted: 30 Aug 2010 02:05 PM PDT The AES Corporation (NYSE:AES) began commercial operations at the 16 megawatt (MW) Damlapinar hydro power facility in Turkey. This facility, located on the Goksu River in Karaman, Turkey, is owned and operated by AES-IC Ictas Energy (AES-IC), a joint venture. AES Corp. has a 51% stake in the joint venture.
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| Posted: 30 Aug 2010 01:35 PM PDT Mexican cement maker, CEMEX, S.A.B. de C.V. (NYSE:CX) completed the sale of its assets in Kentucky to Bluegrass Materials Company, LLC, a subsidiary of Panadero Aggregates Holdings LLC, for $90 million.
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| Posted: 30 Aug 2010 01:35 PM PDT A-Power Energy Generation Systems Ltd. (NASDAQ:APWR) recently posted second-quarter 2010 results. The company's GAAP net income jumped 86.3% to $11.6 million from $6.3 million in the year-ago period. Excluding special items, earnings per share came in at 27 cents per share, which surged past the Zacks Consensus Estimate 14 cents. A-Power is the largest provider of distributed generation systems (DG) focused on renewable energy in China, with project size ranging from 25MW to 400MW. The company … [visit site to read more]
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| Novartis’ Tekamlo Gains FDA Nod Posted: 30 Aug 2010 01:35 PM PDT Novartis (NYSE:NVS) recently received a boost with the US Food and Drug Administration (FDA) approving Tekamlo for the treatment of high blood pressure. Tekamlo is a combination of Novartis' Tekturna and amlodipine.
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| Posted: 30 Aug 2010 01:35 PM PDT Recently, SonoSite (NASDAQ:SONO) received clearance from US Food and Drug Administration (FDA) for its LumenVu catheter guidance system, which is designed to assist the placement of peripherally inserted central catheters (PICC). This area holds immense potential as about 2.5 million PICC line placements were made in the US in 2008. Moreover, PICC placements, among the fastest growing applications performed in the hospital setting, involves certain risks and complications. This is supported by … [visit site to read more]
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| Global Recovery Still On Track, Despite Angst Posted: 30 Aug 2010 01:23 PM PDT “At an annual Federal Reserve retreat, angst, not panic, was the order of the day among officials and economists chastened by a deep recession and a disappointing rebound. “We’ll slog our way through this,” said Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, which sponsored the symposium, summing up two days of presentations, discussions, dinner-table conversation and hiking. Several foreign central bankers said they were struck by the unusual degree of pessimism they had … [visit site to read more]
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| Posted: 30 Aug 2010 01:05 PM PDT Big Lots Inc.'s (NYSE:BIG) closeout format provides it an edge over traditional discount retailers as it offers merchandise assortments to customers at extremely lower prices. The company buys brand merchandise at lower costs from vendors, who have excess inventory and resort to a fire sale of their goods, higher sales returns or discontinued products.
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| NextEra Unit Issues $400M Debt Posted: 30 Aug 2010 01:05 PM PDT NextEra Energy Inc.'s (NEE) unit, FPL Group Capital Inc., announced that it will sell $400 million in debentures. The debentures will mature on September 1, 2015, and will have an interest rate of 2.6%. NextEra Energy will act as a guarantor to the debt issue.
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| Posted: 30 Aug 2010 01:05 PM PDT Infineon Technologies ADS (NASDAQ:INTC) to sell its Wireless Solutions (WLS) business for a cash value of approximately $1.4 billion. The company's WLS business will continue to operate as a separate business with its existing customer base.
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| Posted: 30 Aug 2010 01:05 PM PDT Third Quarter Financial Results… On August 25, 2010, Angeion Corp (NASDAQ:ANGN) reported financial results for the third quarter ending July 31, 2010. This was the first quarter since Q4 2008 that the company generated positive earnings and EPS. In addition, this was the second consecutive quarter that Angeion beat both our top-line and EPS estimates. As a result, we have again adjusted our full-year revenue and EPS estimates upwards. We have also raised our longer range EPS forecast for … [visit site to read more]
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| Lockheed Gets Navy Sonar Contract Posted: 30 Aug 2010 01:05 PM PDT Lockheed Martin Corporation (NYSE:LMT) announced that its Maritime Systems and Sensors (MS2) business unit has been awarded a $155.1 million contract to design and support a sonar system for the U.S. Navy. The sonar system will improve naval vessels abilities in areas like hull array, towed array and ship sensor processing. Work on the contract will be carried out at the company's facilities in Manassas, Virginia, and Syracuse, New York. Lockheed expects to finish work on the contract by … [visit site to read more]
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| Posted: 30 Aug 2010 01:05 PM PDT The St. Joe Company (JOE), a publicly-held operationally diversified real estate company, has recently filed a lawsuit against M-I Swaco, a worldwide drilling company, for its alleged role in the Deepwater Horizon Oil Spill in the Gulf.
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| Posted: 30 Aug 2010 01:05 PM PDT Genzyme Corp. (NASDAQ:GENZ) recently rejected Sanofi-Aventis' (NYSE:SNY) offer to acquire the company for $69 per share. Earlier in the day, Sanofi had announced its non-binding proposal to Genzyme with the all-cash transaction being valued at $18.5 billion. However, Genzyme's board of directors rejected the offer calling it unrealistic. According to Genzyme, the offer price undervalues the company.
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| Earnings Scorecard: Hormel Foods Posted: 30 Aug 2010 01:05 PM PDT Following the strong third quarter results on August 20, the analysts have turned optimistic on Hormel Foods Corporation (NYSE:HRL) due to improved demand on account of gradual market recovery. Reported earnings per share (EPS) of 63 cents surpassed the Zacks Consensus Estimate by 4 cents. Thus, fiscal 2010 EPS guidance range increased to $2.85–$2.91 from $2.75–$2.85.
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| Forex Trading: AUDUSD: Making Sense Of The Hourly And 5 Minute Charts Posted: 30 Aug 2010 11:17 AM PDT |
| October Suprise? Cuba Opens (A Little) For Business. Posted: 29 Aug 2010 04:30 PM PDT The planets are aligned for the entry of companies into Cuba. Yes, one of the worst places on earth to do business may well be open for business soon, and on terms to entice investment. True, this has been stated in previous years, but “this time it’s different”. Think China and Richard Nixon’s surprise detente that opened the communist giant to relations and profitable trade with the United States. The first inkling of a thaw was the arrival of a U.S. table tennis team, followed by an easing … [visit site to read more]
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