Daily Markets - Varian To Accelerate Repurchase |
- Varian To Accelerate Repurchase
- Benihana’s Sales Climb
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Under Pressure
- Euro: Caution
- Starwood Expands In India
- SXL Unit Offering Priced At $74.45
- Lobbying Charges Up For Discover
- Toll Brothers Turns To Profit
- Highwoods Offer A New Concept-Store
- Stock Market News Briefs: Bank Of America, BHP Billiton Limited, Big Lots, Corning Incorporated, Jefferies Group, Morgan Stanley, Public Service Enterprise Group Incorporated, Toll Brothers, Wells Fargo & Company, Intuitive Surgical, Volterra Semiconductor Corporation
- Coffee’s Rally Grinds To A Halt
- VeriFone Beats Expectations
- Stem Cell Confusion Creates Opportunity
- Shareholders Approve CTL-Q Merger
- Forex Trading: USDJPY Falls But Not Enough On Weaker Data. 84.07-14 Eyed
- Bill Gross Goes To Washington
- Bob Doll’s 10 Predictions For The Next 10 Years
- Investing In Small And Micro Cap Value Stocks With Matt Miller Of Chanticleer Holdings
- The Sad Truth Of The U.S. Economy, In One Picture
- International Air Travel Shows Continuing Strength In July; Volumes Are Above Pre-Recession Levels
- Picture Du Jour: A Grim U.S. Housing Market
- Robin Griffiths: US Dollar Rally Expected
- Euro Zone Economy: Germany Surprising On The Upside!
- FNB Fixed Investment Round Table: 3Q2010
- Hot Stock News For Wednesday 25 August: BP, BHP Billiton, Royal Bank Of Scotland, Rio Tinto, Qualcomm, Disney, Apple
- Laugh Out Loud: Homes – We All Fall Down
- Is War Between Generations Inevitable? What About A War Between The Sexes?
- Could Investors Shake Boardrooms?
- S&P Cuts Irelands Credit Rating To AA-, EUR/USD Continues Southern Journey
- Jeff Gundlach Had The Call
- An Active ETF For A Real Estate Minefield?
| Varian To Accelerate Repurchase Posted: 25 Aug 2010 07:35 AM PDT Varian Medical Systems (NYSE:VAR) recently agreed with Bank of America N.A., a wing of Bank of America (NYSE:BAC), to repurchase shares worth $225 million under an expedited program. Simultaneously, Varian re-set its revolving credit facility with the bank and hiked its borrowing limit from $150 million to $225 million.
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| Posted: 25 Aug 2010 07:35 AM PDT Benihana Inc. (NASDAQ:BNHNA) recently announced that its total restaurant sales and comparable restaurant sales for the first four weeks (July 19–August 15, 2010) of the second fiscal quarter 2011 increased from the comparable period of the second fiscal quarter 2010. Sales improved primarily due to solid performance in teppanyaki restaurants partially offset by sluggish
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| Japanese Yen: The Downside Prevails Posted: 25 Aug 2010 07:18 AM PDT |
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| Posted: 25 Aug 2010 07:05 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced that it had signed a Non-Exclusive Master Agreement with D.I.H (Cyprus) Limited (an affiliate of Duet India Hotels Ltd.) and JHM Interstate Hotels India Pvt. Ltd. to facilitate the expansion of mid-market Four Points by Sheraton hotels in India.
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| SXL Unit Offering Priced At $74.45 Posted: 25 Aug 2010 07:05 AM PDT Sunoco Logistics Partners L.P. (NYSE:SXL) – an operator of crude oil pipelines and terminals – priced a public offering of 1,750,000 common units at $74.45 per unit, with an over-allotment option for an additional 262,500 units.
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| Lobbying Charges Up For Discover Posted: 25 Aug 2010 06:35 AM PDT Discover Financial Services (NYSE:DFS) has reported that it has spent $280,000 during the second quarter 2010 to address the issues related to credit card reforms. The lobbying charges nudged up from more than $220,000 in the first quarter of 2010 and $250,000 during the second quarter of 2009.
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| Posted: 25 Aug 2010 06:35 AM PDT Toll Brothers Inc. (NYSE:TOL) showed a profit of $27.3 million or 16 cents per share in the third quarter of its fiscal year ended July 31, 2010 compared to a loss of $472.3 million or $2.93 per share in the prior-year quarter. Excluding a tax benefit of $26.5 million due to the reversal of valuation allowances on taxable losses incurred and the reversal of accrued tax reserves associated with statute expirations, the profit was $800,000 during the quarter. With this, the company has beaten the … [visit site to read more]
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| Highwoods Offer A New Concept-Store Posted: 25 Aug 2010 06:35 AM PDT Highwoods Properties Inc. (NYSE:HIW), a real estate investment trust (REIT), has recently announced the introduction of a new concept-store by Banana Republic, the flagship brand of Gap Inc. (NYSE:GPS), in Country Club Plaza – an upscale shopping district and residential neighborhood in Kansas City.
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| Posted: 25 Aug 2010 06:35 AM PDT Big Lots (NYSE:BIG) reported second quarter earnings one cent better than Zacks expectations at 48 cents per share, as revenues rose 5.2% to $1.14 billion, slightly below Zacks expectations of $1.5 billion Toll Brothers (NYSE:TOL) reported better-than-expected fiscal third quarter results. Earnings of 16 cents per share were ahead of Zacks expectations of a 15 cent loss as revenues fell 1.5% to $454.2 million, ahead of projections of $390 million BHP Billiton’s (NYSE:BHP) full … [visit site to read more]
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| Coffee’s Rally Grinds To A Halt Posted: 25 Aug 2010 06:17 AM PDT Fundamentals
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| Posted: 25 Aug 2010 06:05 AM PDT VeriFone Systems Inc. (NYSE:PAY) reported revenues of $261 million in the third quarter of fiscal 2010, up 8.3% sequentially and up 23.7% year over year and beat the Zacks Consensus Estimate of $249 million.
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| Stem Cell Confusion Creates Opportunity Posted: 25 Aug 2010 06:05 AM PDT On Monday, August 23, 2010, the Federal District Court for the District of Columbia issued a temporary injunction on President Obama's 2009 executive order that expanded federal funding for embryonic stem cell research, returning to order the previous ban enforced by the Bush administration in 2001. The news immediately halts National Institutes of Health (NIH) funding at academic and private research labs on embryonic stem cells. The ruling was a surprise, as several research … [visit site to read more]
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| Shareholders Approve CTL-Q Merger Posted: 25 Aug 2010 06:05 AM PDT CenturyLink's (NYSE:CTL) pending acquisition of the third largest U.S. local-phone service operator, Qwest Communications (NYSE:Q), received approval from shareholders of both the companies. The acquisition was announced on April 22.
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| Forex Trading: USDJPY Falls But Not Enough On Weaker Data. 84.07-14 Eyed Posted: 25 Aug 2010 06:04 AM PDT |
| Posted: 25 Aug 2010 05:41 AM PDT Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly newsletter therefore always makes for thought-provoking reading.
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| Bob Doll’s 10 Predictions For The Next 10 Years Posted: 25 Aug 2010 05:37 AM PDT Since the 1990s, Bob Doll, BlackRock Vice Chairman and Chief Equity Strategist for Fundamental Equities, has published a series of economic and market predictions at the beginning of each year. Typically, these predictions address the state of the US and global economies, potential returns for equities and other asset classes, significant geopolitical developments and other topics that can have a significant impact on investors.
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| Investing In Small And Micro Cap Value Stocks With Matt Miller Of Chanticleer Holdings Posted: 25 Aug 2010 05:35 AM PDT Biography: Matt Miller joined Chanticleer Holdings, Inc. in 2005 when the company began operations. He helped launch Chanticleer Investors II, a value oriented fund, on January 1st 2007 and has served as co-portfolio manager of that entity since its inception.
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| The Sad Truth Of The U.S. Economy, In One Picture Posted: 25 Aug 2010 05:34 AM PDT |
| International Air Travel Shows Continuing Strength In July; Volumes Are Above Pre-Recession Levels Posted: 25 Aug 2010 05:27 AM PDT Sydney - “The International Air Transport Association (IATA) announced international scheduled traffic statistics for July which showed continued strengthening of demand for both passenger and cargo traffic. Compared to July 2009, international passenger demand was up 9.2% while international scheduled freight traffic showed a 22.7% improvement (see chart above). These year-on-year comparisons for July were less than the June growth data showing 11.6% and 26.6% increases for passenger and … [visit site to read more]
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| Picture Du Jour: A Grim U.S. Housing Market Posted: 25 Aug 2010 05:26 AM PDT Yesterday's data report showed sales of existing homes in the U.S. have fallen even more sharply than anticipated, indicating that the fragile recovery in housing is fading fast after the temporary lift provided by the first-time homebuyer tax-credit program in March–April 2010 and September–November 2009. The salient features of the report are:
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| Robin Griffiths: US Dollar Rally Expected Posted: 25 Aug 2010 05:21 AM PDT "Markets are in a risk-off mode, and the US dollar usually rallies in these circumstances," Robin Griffiths, technical strategist at Cazenove Capital, told CNBC. He added that "the Aussie dollar has to go quite a bit lower against the … [visit site to read more]
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| Euro Zone Economy: Germany Surprising On The Upside! Posted: 25 Aug 2010 05:16 AM PDT While the general consensus view is that the austerity measures in Europe as a result of large budget deficits will force the euro zone into recession next year, economic growth in Germany, Europe's largest economy, is surprising on the upside. Growth in the second quarter accelerated to 2.2% annualised on a quarter-ago basis, while German business confidence in August rose to its highest level since July 2007. The business expectations index was marginally lower but indicates no train smash … [visit site to read more]
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| FNB Fixed Investment Round Table: 3Q2010 Posted: 25 Aug 2010 05:14 AM PDT By Cees Bruggemans, Chief Economist of FNB. Cees Bruggemans, Chief Economist FNB
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| Posted: 25 Aug 2010 05:14 AM PDT Equities finished the session lower after yet another round of depressing housing data weighed on sentiment. However losses were capped as analysts pointed out that the latest housing data was likely affected by the expiration of a government tax credit. As has become the norm, little news flow saw stocks settle into a range-bound trade and remain so until the session close. Finally, at the closing bell DJIA closed down 1.32% at 10040, the S&P 500 closed down 1.45% at 1051 and the … [visit site to read more]
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| Laugh Out Loud: Homes – We All Fall Down Posted: 25 Aug 2010 05:13 AM PDT |
| Is War Between Generations Inevitable? What About A War Between The Sexes? Posted: 25 Aug 2010 05:13 AM PDT From the 2001 study “Is War Between Generations Inevitable?” by economists Jagadeesh Gokhal of the Cleveland Fed and Laurence J. Kotlikoff of Boston University: “Seniors today will receive far more benefits from government transfer programs (programs that redistribute resources among groups) than their share of the national tax burden. On average: 1. A male reaching 65 years of age today can expect to receive $71,000 more in government transfer benefits (of all kinds at both the federal and … [visit site to read more]
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| Could Investors Shake Boardrooms? Posted: 25 Aug 2010 05:05 AM PDT Among the deficiencies that led to the global financial crisis, weak strategies of corporate boards have been a major one. This could probably have been avoided, had more investors been allowed to place their director nominees. In an effort to address the flaws of managing companies by having more efficient corporate boards, the Securities and Exchange Commission (SEC) is going to decide today whether to make shareholders the kingmakers by giving them greater power to nominate corporate board … [visit site to read more]
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| S&P Cuts Irelands Credit Rating To AA-, EUR/USD Continues Southern Journey Posted: 25 Aug 2010 05:04 AM PDT Fundamental Headlines
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| Posted: 25 Aug 2010 04:40 AM PDT What is it that distinguishes the greatest athletes in sports, such as Michael Jordan, Bobby Orr, Wayne Gretzky, Peyton Manning, Magic Johnson, Larry Bird? While these 'best of the best' have and had many extraordinary athletic skills, those who love the game know that these world class athletes were able to see exceptionally fast moving action in slow motion. (In Manning's case, he still does!!) As such, they are playing the game three steps in front of their teammates and four … [visit site to read more]
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| An Active ETF For A Real Estate Minefield? Posted: 25 Aug 2010 04:00 AM PDT When expectations are missed by so such a margin, everyone starts questioning their assumptions. On Aug 24th, US existing home sales plunged by 27%. Where consensus expectations were for the number to be around 4.72 million, which in itself was a decrease from the previous number of 5.26 million, the actual home sales in July came out at 3.83 million, the lowest number in 15 years. The chart below, courtesy Zero Hedge, says it all: This latest reading on the US housing market probably confirms … [visit site to read more]
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