Daily Markets - Raytheon Wins $43M Contract

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• Raytheon Wins $43M Contract
• Chunghwa’s Profit Soars In 1H
• Swiss Franc: Under Pressure
• Japanese Yen: The Downside Prevails
• British Pound: Rebound
• Euro: Rebound
• Stock Market News Briefs: Healthspring, Hewlett-Packard Company, J P Morgan Chase & Co, J. Crew Group, Men’s Wearhouse, Tesoro Petroleum, Tiffany & Co., Toyota Motor, Dell
• Stock Market News Briefs: Healthspring, Hewlett-Packard Company, J P Morgan Chase & Co, J. Crew Group, Men’s Wearhouse, Tesoro Petroleum, Tiffany & Co., Toyota Motor, Dell
• Boeing Teams With Vietnam Airlines
• GDP Surprise To Have Staying Power?
• Close Those Longs In The Bond Market!
• Mohamed El-Erian On The Economy And Markets
• Roubini: Rising Double-dip Risk
• Yet Another Delay For Boeing 787
• BorgWarner To Expand In Mississippi
• Ford And Mazda To Invest In Thai JV
• Manulife Introduces New Products
• Laugh Out Loud: Blame It On The Stupid Economy
• GDP Growth – Bingo!
• Generic Threat Hanging Over CELG
• Tiffany Shines, Ups Outlook
• Forex Trading: USDJPY Moves Higher On Better GDP, But Waiting For Bernanke
• ZGEN’s HCV Candidate Progresses
• Insights From A Canadian Hedge Fund Insider – Tristram S. Lett Of Integra Capital Management
• U.K. GDP For The Second Quarter Revised Higher, Business Investment Declines

Raytheon Wins $43M Contract Posted: 27 Aug 2010 07:35 AM PDT Defense contractor Raytheon Company (NYSE:RTN) announced that it received a contract worth $43 million from the Missile Defense Agency (MDA) to continue the maintenance of defense software until March 2011. Raytheon will do the maintenance work at its defense facility in Woburn, Massachusetts. The Missile Defense Agency is a research, development, and acquisition agency within the Department of Defense. The agency develops, tests, and fields an integrated Ballistic Missile Defense System (BMDS), … [visit site to read more]

Chunghwa’s Profit Soars In 1H Posted: 27 Aug 2010 07:35 AM PDT Chunghwa Telecom Co. Ltd. (NYSE:CHT) declared solid financial results for the first half of 2010 with net income soaring 12.7% year over year. This was primarily due to massive reduction in income tax rate from 25% in the year-ago period to just 17%. We maintain our long-term Neutral recommendation for Chunghwa Telecom.   In the first half 2010, GAAP net income was approximately $867 million or 88 cents per ADR compared with a net income of $757 million or 63 cents per ADR in the year-ago … [visit site to read more]

Swiss Franc: Under Pressure Posted: 27 Aug 2010 07:18 AM PDT Update on supports and resistances. … [visit site to read more]

Japanese Yen: The Downside Prevails Posted: 27 Aug 2010 07:18 AM PDT Update on supports and resistances. … [visit site to read more]

British Pound: Rebound Posted: 27 Aug 2010 07:18 AM PDT Update on supports and resistances. … [visit site to read more]

Euro: Rebound Posted: 27 Aug 2010 07:18 AM PDT Update on supports and resistances. … [visit site to read more]

Stock Market News Briefs: Healthspring, Hewlett-Packard Company, J P Morgan Chase & Co, J. Crew Group, Men’s Wearhouse, Tesoro Petroleum, Tiffany & Co., Toyota Motor, Dell Posted: 27 Aug 2010 07:10 AM PDT  Toyota (NYSE:TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems  H-P (NYSE:HPQ) sweetened its 3Par (PAR) bid, which was followed this morning with Dell’s (NASDAQ:DELL) matching the $27 per share bid  Tiffany (NYSE:TIF) posted second-quarter earnings of 55 cents a share, atop estimates of 53 cents on revenues of $668.8 million, less than the anticipated $690 million. The company said it sees full-year earnings of $2.60 to $2.62 a … [visit site to read more]

Stock Market News Briefs: Healthspring, Hewlett-Packard Company, J P Morgan Chase & Co, J. Crew Group, Men’s Wearhouse, Tesoro Petroleum, Tiffany & Co., Toyota Motor, Dell Posted: 27 Aug 2010 07:05 AM PDT  Toyota (NYSE:TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems  H-P (NYSE:HPQ) sweetened its 3Par (PAR) bid, which was followed this morning with Dell’s (NASDAQ:DELL) matching the $27 per share bid  Tiffany (NYSE:TIF) posted second-quarter earnings of 55 cents a share, atop estimates of 53 cents on revenues of $668.8 million, less than the anticipated $690 million. The company said it sees full-year earnings of $2.60 to $2.62 a … [visit site to read more]

Boeing Teams With Vietnam Airlines Posted: 27 Aug 2010 07:05 AM PDT The Boeing Company (NYSE:BA) has paired up with Vietnam Airlines for its interior upgrade program. The company introduced the latest cabin interior modernization on four of the airlines’ 777-200ERs. Boeing Commercial Aviation Services has developed a cabin layout, satisfying the needs of both Vietnam Airlines and its passengers. The Boeing unit is also responsible for providing engineering services and integrating the program. Boeing will also administer the worldwide group of suppliers that … [visit site to read more]

GDP Surprise To Have Staying Power? Posted: 27 Aug 2010 07:05 AM PDT Pre-market futures sprang nicely higher as the GDP data rolled across the screen. The headline showed that second quarter GDP stands at +1.6%. Yes, that is below the initial +2.4% read. But it is nicely above the Street estimate of +1.3%. There were some other nice pieces of data below the headlines. In particular, final sales were revised higher, as was the GDP price index. That latter piece helps make the case that deflation is at bay…at least for now. So now the key question is: Does … [visit site to read more]

Close Those Longs In The Bond Market! Posted: 27 Aug 2010 06:47 AM PDT The yield on the US 10-year Treasury Note sank from a high of 3.97% in April to touch 2.49% recently. But just what is the bond market trying to tell us? My analysis indicates that more than 75% of the yield on the 10-year note can be explained by MZM velocity, calculated as the ratio between GDP (current terms) and MZM (money zero maturity). When the historical relationship is applied to the current yield on the 10-year note of 2.54% it indicates that the bond market is expecting MZM velocity … [visit site to read more]

Mohamed El-Erian On The Economy And Markets Posted: 27 Aug 2010 06:37 AM PDT This television interview provides insight regarding the markets and the rising risk of a double-dip recession, with Mohamed El-Erian, CEO and co-CIO of … [visit site to read more]

Roubini: Rising Double-dip Risk Posted: 27 Aug 2010 06:35 AM PDT In this video clip, Nouriel Roubini, chairman & founder of RGE, shares his views on whether the chances of a double-dip recession in the U.S. have reached perilous … [visit site to read more]

Yet Another Delay For Boeing 787 Posted: 27 Aug 2010 06:35 AM PDT Aerospace giant Boeing Company (NYSE:BA) announced that the consumers have to wait a little longer for the 787 passenger jetliner, as the first delivery is now expected mid-way through first-quarter 2011. Boeing had earlier expected to deliver the first 787 to Japan’s All Nippon Airways later this year. In July, the company rescheduled the delivery date and said the first 787 will be delivered within the first few weeks of 2011, citing supplier workmanship issues related to the horizontal … [visit site to read more]

BorgWarner To Expand In Mississippi Posted: 27 Aug 2010 06:35 AM PDT BorgWarner Inc. (NYSE:BWA) has announced its plans to expand its operation in Water Valley, Mississippi that will add 120 new jobs by the end of 2012.   Through the expansion, the company will introduce a new generation of transmission controls, known as mini direct-acting solenoids, to the production line- up at the facility.   BorgWarner also intends to add two new production lines to the facility over the next three years. The facility manufactures transmission solenoids and control … [visit site to read more]

Ford And Mazda To Invest In Thai JV Posted: 27 Aug 2010 06:35 AM PDT Ford Motor Co. (NYSE:F) and Japan’s Mazda Motor announced their plan to invest $350 million in their Auto Alliance joint venture (JV) plant in Rayong, Thailand. The investment will revamp the facility and help build a redesigned version of their compact pickup trucks from mid-2011. However, the investment would not increase production capacity at the plant. In June this year, Auto Alliance has already enhanced the annual capacity of the plant from 100,000 units to 275,000 units by investing $450 … [visit site to read more]

Manulife Introduces New Products Posted: 27 Aug 2010 06:35 AM PDT John Hancock Financial, a unit of Manulife Financial Corporation (NYSE:MFC) has introduced two Lifecycle portfolios, enabling its investors to have a choice in asset allocation options to match their 401(k) needs. John Hancock’s new Retirement Choices+ is made up of index funds and features a lower amount of equities near retirement. Retirement Choices+ target-date portfolios are designed to accommodate investors “to” retirement and accommodate the participant who wishes to select another … [visit site to read more]

Laugh Out Loud: Blame It On The Stupid Economy Posted: 27 Aug 2010 06:30 AM PDT … [visit site to read more]

GDP Growth – Bingo! Posted: 27 Aug 2010 06:27 AM PDT By Cees Bruggemans, Chief Economist of FNB. Firstly the GDP growth slowdown in 2Q2010 to a seasonally adjusted annual rate of 3.2% as compared to 4.6% in 1Q2010 gives us 2.3% year on year GDP growth during 1H2010. Given pedestrian growth performances and prospects in too many sectors of the economy, as highlighted earlier this week, we can probably expect only a modest growth gain in 2H2010, taking the expected overall GDP growth for 2010 to 2.5% to 3% at best. This is well below long-run … [visit site to read more]

Generic Threat Hanging Over CELG Posted: 27 Aug 2010 06:05 AM PDT Celgene Corporation (NASDAQ:CELG) could receive notification shortly regarding a patent challenge for its lead drug Revlimid (lenalidomide) 25 mg capsules. The company announced that according to a post on the site of the US Food and Drug Administration (FDA), a generic company is looking to launch a generic version of Revlimid. The FDA site indicated that the Office of Generic Drugs (OGD) has received an abbreviated new drug application (ANDA) which contains “paragraph IV” patent certification, for … [visit site to read more]

Tiffany Shines, Ups Outlook Posted: 27 Aug 2010 06:05 AM PDT Tiffany & Company (NYSE:TIF) has posted stronger-than-expected second-quarter 2010 results buoyed by improved demand for luxury items worldwide. The quarterly earnings of 55 cents a share surpassed the Zacks Consensus Estimate of 53 cents, and rose 41% from 39 cents earned in the prior-year quarter. On a reported basis, including one-time items, quarterly earnings came in at 53 cents a share, up 15% from 46 cents delivered in the year-ago quarter. Tiffany, a high-end jewelry designer, … [visit site to read more]

Forex Trading: USDJPY Moves Higher On Better GDP, But Waiting For Bernanke Posted: 27 Aug 2010 05:50 AM PDT … [visit site to read more]

ZGEN’s HCV Candidate Progresses Posted: 27 Aug 2010 05:35 AM PDT Recently, ZymoGenetics Inc. (NASDAQ:ZGEN) announced the completion of enrollment in the second part of a mid-stage study (EMERGE) involving its candidate PEG-Interferon lambda (formerly known as IL-29) and ribavirin in treatment-naive patients suffering from chronic hepatitis C virus (HCV) infection. As a reminder, on January 12, 2009, ZymoGenetics and Bristol-Myers Squibb Co. (NYSE:BMY) announced a global collaboration for PEG-Interferon lambda.  PEG-Interferon lambda is a novel type III … [visit site to read more]

Insights From A Canadian Hedge Fund Insider – Tristram S. Lett Of Integra Capital Management Posted: 27 Aug 2010 05:34 AM PDT Tristram S. Lett is the Chief Investment Officer of Integra Capital Management Biography: Tristram S. Lett is the Chief Investment Officer at Integra Capital Management. Established in 1987, Integra Capital Management has two core businesses: the management of institutional assets for Canadian pension and endowment funds and foundations; and, the representation in Canada of high quality foreign asset managers who use our registrations and distribution channels to build a book of Canadian … [visit site to read more]

U.K. GDP For The Second Quarter Revised Higher, Business Investment Declines Posted: 27 Aug 2010 04:30 AM PDT  Fundamental Headlines • Futures Rise Ahead of Data, Bernanke Speech – Wall Street Journal • European Shares Slip – Wall Street Journal • SEC Vows More Action Over Crisis - Financial Times • Bernanke Readies Jackson Address as Labor Market Weakens, Spending Slides- Bloomberg • U.S. Index Futures Climb, Treasuries Fall on Fed Speculation; Yen Weakens – Bloomberg GBP/USD: Economic activity in the U.K. expanded 1.2 percent in the second quarter from the previous … [visit site to read more]

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