Daily Markets - I See APR On My Credit Card Statement. What Does APR Mean?
Daily Markets - I See APR On My Credit Card Statement. What Does APR Mean? |
- I See APR On My Credit Card Statement. What Does APR Mean?
- Stock News To Know For Thursday: FedEx, Google, Yahoo, Microsoft, Yahoo, BP, Shell, Allied Irish Banks, Siemens
- Hot Stock News For Thursday September 16: BP, Kraft, Shell, Siemens
- FedEx Misses But Doubles Profit
- Stock Market News Briefs: Barclays PLC, FedEx, Ford Motor Credit Company, Goldman Sachs Group, Siemens AG, Sony, Microsoft Corporation
- Humana Plans Medicare Offerings
- Forex Trading: GBPUSD Contained With Support And Resistance Defined
- VirtualScopics & ABX-CRO Unites
- L-3 Comm. Obtains $37 M Contract
- Swiss Franc: Under Pressure
- Japanese Yen: The Downside Prevails
- British Pound: Under Pressure
- Euro: Under Pressure
- VMware Offers Fusion @ $9.99
- Legg Mason’s August AUM Trips
- Forex Trading: EURUSD Corrects Off To Intraday Support Off The Better Jobless Claims Data
- The Case For China’s Currency “Manipulation” Policy, With Some Help From Scott Grannis
- Qualcomm Opts For Red Hat Platform
- Denbury Buys CO2 Reserves
- Without Freedom Of Information, Who Will Keep The Regulators Honest?
- U.K. Retail Sales Unexpectedly Declines For The First Time Since January
- New Zealand Holds Interest Rate At 3%, Notes Earthquake Impact
| I See APR On My Credit Card Statement. What Does APR Mean? Posted: 16 Sep 2010 07:50 AM PDT APR stands for Annual Percentage Rate, and it's the fixed percentage of interest that you must pay to the credit card company yearly in exchange for using their money. In order to calculate your monthly periodic rate (the amount you must pay the credit card company every month whenever you fail to pay off the balance by the due date), all you need to do is divide your APR by 12. On the other hand, if your credit card company charges you a monthly rate, then you would have to multiply … [visit site to read more]
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| Posted: 16 Sep 2010 07:45 AM PDT US stocks advanced Wednesday, sending benchmark indexes to the highest levels in five weeks, as M&A speculation and the expectation that companies will return cash to shareholders raised investors' optimism. Travelers Cos. (NYSE:TRV) advanced 2.9 percent, the most in the Dow after boosting its forecast for stock buybacks. Novell (NASDAQ:NOVL) rose 5.9 percent after the New York Post said the company reached an agreement to sell itself and McKesson helped lead gains among healthcare … [visit site to read more]
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| Hot Stock News For Thursday September 16: BP, Kraft, Shell, Siemens Posted: 16 Sep 2010 07:34 AM PDT Despite weaker than expected Empire Manufacturing data, US equities finished the session higher as another round of M&A activity buoyed investor optimism. Healthcare and consumer goods lead the S&P 500, while oil & gas sector came under pressure on the back of a stronger USD. The closing stages saw indices touch on best levels of the session and at the closing bell DJIA closed up 0.44% at 10572.73, the S&P 500 closed up 0.35% at 1125.07 and NASDAQ 100 closed up 0.57% at … [visit site to read more]
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| FedEx Misses But Doubles Profit Posted: 16 Sep 2010 07:05 AM PDT FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, reported first quarter fiscal 2011 adjusted earnings of $1.20 per share. The quarter's earnings were below the Zacks Consensus Estimate by a penny, but above the year-ago earnings of 58 cents. Earnings jumped 107% year over year on strong growth in International Express shipment as well as higher volumes in FedEx Ground segment, partially offset by the resumption of certain 401(k) employee compensation programs, … [visit site to read more]
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| Posted: 16 Sep 2010 07:05 AM PDT FedEx (NYSE:FDX) posted fiscal first quarter earnings one cent below consensus expectations, coming in at $1.20 on a revenue gain of 18.1% to $9.46 billion, above projections of $9.39 billion. The company raised its fiscal 2011 guidance to $4.80-$5.25 Microsoft (NASDAQ:MSFT) launched its new videogame “Halo: Reach,” with global sales topping $200 million on the first day Barclays (NYSE:BCS) upgraded Ford (NYSE:F) from “equal weight” to “overweight,” lifting the price target from $15 to … [visit site to read more]
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| Humana Plans Medicare Offerings Posted: 16 Sep 2010 07:05 AM PDT In accordance with the U.S. Securities and Exchange Commission, Humana Inc. (NYSE:HUM) has released its planned Medicare Advantage and Prescription Drug Plan (PDP) offerings for 2011 after receiving consent from the federal government. The enrollment for the offering will begin on November 15.
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| Forex Trading: GBPUSD Contained With Support And Resistance Defined Posted: 16 Sep 2010 06:40 AM PDT |
| VirtualScopics & ABX-CRO Unites Posted: 16 Sep 2010 06:35 AM PDT Medical imaging solutions provider VirtualScopics Inc. (NASDAQ:VSCP) has reportedly joined forces with Germany-based full-service contract research organization (CRO) ABX-CRO. This marks the union of two of the bellwethers in molecular imaging for the clinical trials of drugs and medical devices.
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| L-3 Comm. Obtains $37 M Contract Posted: 16 Sep 2010 06:35 AM PDT L-3 Communications' (NYSE:LLL) MPRI division has received a $37 million contract to provide curriculum development support and public affairs instructors to the Defense Information School (DINFOS) at Fort Meade, Maryland. The contract extends for a period of four years.
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| Posted: 16 Sep 2010 06:18 AM PDT |
| Japanese Yen: The Downside Prevails Posted: 16 Sep 2010 06:18 AM PDT |
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| Posted: 16 Sep 2010 06:05 AM PDT A leading provider of virtualization infrastructure software solutions VMware Inc. (NYSE:VMW) has launched a limited period VMware Fusion upgrade program for users of Parallels Desktop, Macintosh version, for $9.99.
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| Posted: 16 Sep 2010 06:05 AM PDT Legg Mason Inc.'s (NYSE:LM) assets under management (AUM) slipped in August. The company reported preliminary month-end AUM of $656.3 billion for August, down slightly from $659.3 billion at the end of the prior month. However, the August AUM was down nearly by 4% from $681.6 billion in December 2009 and around 7% from $702.7 billion in September 2009 (Legg Mason's fiscal second quarter).
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| Forex Trading: EURUSD Corrects Off To Intraday Support Off The Better Jobless Claims Data Posted: 16 Sep 2010 05:47 AM PDT |
| The Case For China’s Currency “Manipulation” Policy, With Some Help From Scott Grannis Posted: 16 Sep 2010 05:38 AM PDT Thanks to Scott Grannis for his excellent post today on China’s alleged “manipulation” of its currency, and claims that China’s currency policy harms the U.S. economy. Scott makes the following key points (and provides the charts above): 1. China’s current has in fact appreciated, by 23%, since it began pegging the yuan in 1994 (see top chart above). 2. Scott writes, “China’s monetary policy has been successful at delivering relatively low and stable inflation: since … [visit site to read more]
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| Qualcomm Opts For Red Hat Platform Posted: 16 Sep 2010 05:35 AM PDT Qualcomm Inc. (NASDAQ:QCOM), the largest worldwide mobile chipset developer for CDMA technology, extended its long-term relationship with Red Hat Inc. (NYSE:RHT). Since 2003, Qualcomm has been using the Red Hat Enterprise Linux operating system and its virtualization technology.
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| Posted: 16 Sep 2010 05:35 AM PDT Denbury Resources Inc. (NYSE:DNR) purchased a 42.5% non-operated working interest in the Riley Ridge Federal Unit in southwestern Wyoming as well as about 33% carbon dioxide (CO2) rights in an additional 28,000 acres in the vicinity. Total consideration for this deal was $115 million.
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| Without Freedom Of Information, Who Will Keep The Regulators Honest? Posted: 16 Sep 2010 04:36 AM PDT Information is everything.
Without access to information, how can we ever learn the full and true stories currently buried beneath our financial and economic landscape. Unearthing information through every means possible is a tedious but necessary pursuit if we are ever to learn our mistakes and failings of the past so we can improve our economic standing in the future. While those in Washington would maintain that they are charged with unearthing this information, there is little doubt that the American populace at large has little confidence in the rigor of that pursuit. The greatest of Jesuit principles instilled in me from my days at Holy Cross is the 'never ending pursuit of the truth.' That pursuit brings us today to a story which has received significant coverage here at Sense on Cents but not nearly enough coverage elsewhere. Let's navigate as The Wall Street Journal writes, SEC Looks to Allay Fears on FOIA Limits,…..
Which documents? If we knew the exact documents wouldn't we learn the true intent and desires of the SEC and those in Congress who passed the initial legislation? … [visit site to read more]
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| U.K. Retail Sales Unexpectedly Declines For The First Time Since January Posted: 16 Sep 2010 04:30 AM PDT
Fundamental Headlines
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| New Zealand Holds Interest Rate At 3%, Notes Earthquake Impact Posted: 16 Sep 2010 04:23 AM PDT The RBNZ (Reserve Bank of New Zealand) left the OCR (Official Cash Rate) unchanged at 3.00%, leaving banks’ core overnight funding costs unchanged. The decision was expected by most, with most economists in New Zealand expecting the next move not to come until as late as December this year. The RBNZ also released its detailed economic analysis report; the Monetary Policy Statement, where it outlined its views on the New Zealand economy and rationale for the decision. The Bank noted … [visit site to read more]
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