Daily Markets - Anadarko’s Owo Drills More Oil |
- Anadarko’s Owo Drills More Oil
- Catalyst Acquires FutureScripts
- ACE Group To Buy Jerneh Insurance
- Molina Enhances Fiscal 2010 View
- Excel Maritime Improves TC Contract
- The Republican Threat To Shut Down The Federal Government
- Forex Trading: USD/CHF Breaches The 1.0000 Level
- U.S. Stock Market To Take A Breather Soon?
- Deere Issues $500M Debt
- Time Warner Cable Targets Cox
- Australian Dollar: Under Pressure
- Earnings Preview: AAR Corp.
- Best Buy Tops, Lifts Guidance
- DiamondRock Acquires Asset
- Kroger Outpaces Zacks Estimate
- Patriot Trims Sales Forecast
- Canadian Dollar: Under Pressure
- 142 Women Enrolled In Grad School Per 100 Men, And Women Outnumber Men In 7 Out Of 11 Fields
- Forex Trading: EURUSD Surges Higher. Breaks Resistance At 1.2917 And 1.2931 And The Spring Explodes
- Forex Trading: GBPUSD Testing (and Breaking Through) Resistance At 1.5487.
| Anadarko’s Owo Drills More Oil Posted: 14 Sep 2010 10:05 AM PDT Independent oil and gas company, Anadarko Petroleum Corporation (NYSE:APC) reported promising results at its Owo-1 sidetrack well, confirming the existence of a significant oil accumulation in the region. The company has discovered additional 115 net feet of oil, including 52 net feet of high-quality oil at its Owo-1 sidetrack well, which compliments production at the Owo-1 discovery well.
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| Catalyst Acquires FutureScripts Posted: 14 Sep 2010 10:05 AM PDT Expanding its pharmacy benefit management (PBM) solutions, on Monday, Catalyst Health Solutions Inc. (CHSI) announced the purchase of all the PBM units of Independence Blue Cross (IBC) − FutureScripts LLC and FutureScripts Secure LLC − for an all cash transaction of $225 million. Both the entities have also received the regulatory approvals relevant for the deal.
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| ACE Group To Buy Jerneh Insurance Posted: 14 Sep 2010 09:35 AM PDT Property and casualty insurer ACE Limited (NYSE:ACE) agreed to acquire Jerneh Insurance Berhad in Malaysia, for a purchase consideration of $200 million, thereby expanding its footprint in Asia . The transaction is expected to close during the fourth quarter of fiscal 2010, subject to approval at Jerneh Insurance and other customary closing conditions.
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| Molina Enhances Fiscal 2010 View Posted: 14 Sep 2010 09:35 AM PDT Molina Healthcare Inc. (NYSE:MOH) has raised its full-year 2010 outlook of net income of $1.70 per share with just under $4.1 billion in operating revenues. Previously in May, Molina expected its earnings at $1.51 for full year 2010, including the acquisition results of the Health Information Management ("HIM") business of Unisys Corporation (NYSE:UIS) which was later named – Molina Medicaid Solutions. Total operating revenue for 2010 was previously expected to come in at $4.03 … [visit site to read more]
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| Excel Maritime Improves TC Contract Posted: 14 Sep 2010 09:05 AM PDT Excel Maritime Carriers Ltd. (NYSE:EXM), a leading worldwide seaborne transporter for dry bulk cargo, recently improves and consolidates the time charter contracts for its fleets. The company announced that it has entered into a time charter agreement with a first class European charter for its Panamax bulk carrier M/V Fearless I. The duration of the agreement will be minimum 12 months and maximum 14 months.
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| The Republican Threat To Shut Down The Federal Government Posted: 14 Sep 2010 09:00 AM PDT Newt Gingrich is saying if Republicans win back control of Congress and reach a budget impasse with the President, they should shut down the government again. GOP pollster Dick Morris is echoing those sentiments, as is Rep. Lynn Westmoreland (R. Ga), and Alaska GOP Senate candidate Joe Miller.
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| Forex Trading: USD/CHF Breaches The 1.0000 Level Posted: 14 Sep 2010 08:52 AM PDT Welcome to another day of FX trading! In today's fx feature is the weekly chart of the USDCHF. As you can see, the pair has been losing a lot ground for several weeks now. After hitting a high of 1.1731 last May 31, it has slid since then. In fact, it had already touched the parity level early today. Still, previous supports around the 1.0000 psychological level have kept the price from falling any further. If if the 1.0000 marker gets breached, the pair could revisit its 1-year low … [visit site to read more]
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| U.S. Stock Market To Take A Breather Soon? Posted: 14 Sep 2010 08:42 AM PDT The SP 500 index has run up as forecasted to our subscribers a few weeks ago to a high of 1123 from the 1040 fibonacci pivot. Here at TMTF, we immediately took notice of the clear 3 wave pattern during the drop from 1130 to 1040 and cautioned our subscribers that a rally was likely. We also advised that if the SP 500 could clear the 1094 area that the bulls would take charge and we would turn our intermediate views bullish for the markets. The SP 500 did in fact surge past 1094 and … [visit site to read more]
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| Posted: 14 Sep 2010 08:35 AM PDT Deere & Company (NYSE:DE) announced that its unit John Deere Capital has sold $500 million senior unsecured medium term notes. The notes will mature on September 18, 2017, and will have an interest rate of 2.80%. The company originally made plans to issue notes worth $350 million.
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| Posted: 14 Sep 2010 08:35 AM PDT According to Reuter, Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO in the U.S. may enter into an agreement with privately-held cable operator Cox Communications, for mutual co-operation of their respective cable systems in California . The cable systems are roughly worth $2 billion and will help both the companies reduce their operating costs such as customer servicing costs. The agreement may also expand to cover more geographic locations.
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| Australian Dollar: Under Pressure Posted: 14 Sep 2010 08:17 AM PDT |
| Posted: 14 Sep 2010 08:12 AM PDT AAR Corp. (NYSE:AIR), a provider of products and services to the aviation and defense industries, is scheduled to report its first-quarter fiscal 2011 financial results on September 15, 2010, after the market closes. The current Zacks Consensus Estimate for the quarter is 29 cents a share.
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| Posted: 14 Sep 2010 08:12 AM PDT Best Buy Company, Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently reported second-quarter 2011 results that topped Zacks' expectations, driven by a strong mobile phone business that pushed up margins, thereby sending shares up $3.07 or 8.9% to $37.75 in early hours trading. The quarterly earnings of 60 cents a share surpassed the Zacks Consensus Estimate of 44 cents, and soared 62.2% from 37 cents delivered in the prior-year quarter. The increase in the … [visit site to read more]
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| Posted: 14 Sep 2010 08:12 AM PDT DiamondRock Hospitality Co. (NYSE:DRH), a real estate investment trust (REIT) that owns premium hotel properties, recently acquired Hilton Garden Inn Chelsea, New York City, for $68.4 million. With this acquisition, DiamondRock currently owns three hotels in New York City, one of the best hotel markets in the U.S.
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| Kroger Outpaces Zacks Estimate Posted: 14 Sep 2010 08:12 AM PDT The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted second-quarter 2010 results that outpaced the Zacks expectations, sending shares up 47 cents or 2.2% to $21.51 in early hours trading. The quarterly earnings of 41 cents a share surpassed the Zacks Consensus Estimate of 36 cents, and jumped 5.1% from 39 cents delivered in the prior-year quarter. The Cincinnati-based Kroger reaffirmed its fiscal year 2010 earnings guidance range of $1.60 to $1.80 per share, which … [visit site to read more]
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| Posted: 14 Sep 2010 08:12 AM PDT Based on the operating conditions through the quarter, Patriot Coal Corporation (NYSE:PCX) recently provided its revised outlook for the third quarter of 2010. The company said that it sees sales volumes for the third quarter nearly 10% below its previous guidance. Sales volume in the quarter is now expected at 7.5 – 7.7 million tons.
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| Canadian Dollar: Under Pressure Posted: 14 Sep 2010 08:11 AM PDT |
| 142 Women Enrolled In Grad School Per 100 Men, And Women Outnumber Men In 7 Out Of 11 Fields Posted: 14 Sep 2010 07:58 AM PDT Click charts to enlarge. The Council of Graduate Schools released its annual report today, here are links to the press release and full report. What has been getting the most attention from this year’s report is the fact that women earned a majority of doctoral degrees in the 2009 (50.4%) for the first time ever, see top chart above. By field of study, women earning doctoral degrees outnumbered men in six of the eleven graduate fields: Arts and Humanities, Biology, Education, … [visit site to read more]
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| Forex Trading: EURUSD Surges Higher. Breaks Resistance At 1.2917 And 1.2931 And The Spring Explodes Posted: 14 Sep 2010 07:52 AM PDT The 1.2998 is the next target (see chart above). A move above that level will next target the 1.3047 level. Support for the pair now comes in at the 1.2960 (50% from daily chart) and below that the 1.2945. This was the low corrective move after the break above the 1.2931 level. It is essential for the market to hold any correction above the 1.2931 level to keep the bulls fully in charge. The break higher today has the potential to continue as the technicals and the … [visit site to read more]
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| Forex Trading: GBPUSD Testing (and Breaking Through) Resistance At 1.5487. Posted: 14 Sep 2010 07:48 AM PDT |
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