Daily Markets - Stryker & Vision-Sciences Ink Pact
Daily Markets - Stryker & Vision-Sciences Ink Pact |
- Stryker & Vision-Sciences Ink Pact
- NASDAQ Ups 2010 Expense Forecast
- DineEquity’s 3Q Same-Store Sales Up
- Priority Review For ENDP Drug
- Wilmington Lowered To Underperform
- Restructuring At Amedisys
- Used Home Sales Rebound Slightly
- Weekly Rail Traffic Continues To Improve, Container Volume Sets A New All-Time Record High
- Adobe Optimist Sells Put Spread
- Theravance Presents COPD Data
- AMB Leases In China
- Wyndham Acquires ResortQuest
- “AFTERSHOCK: The Next Economy And America’s…
- AUD/USD Still Riding Strong Uptrend
- CFOs Feeling Like Sisyphus
- Jacobs: Extension Of Kent Contract
- Halliburton’s DJSI Entry Questioned
- Denny’s On Expansion Track
- Jobless Claims Up 1st Time In 5 Weeks
- Goodrich Acquires DeCrane Assets
- AdvisorShares Finalizes Global Tactical And Active Bear ETF
- Interview With Steve Kiel: Portfolio Manager Of The Hayek Fund And The Freedom Fund
- Australian Dollar: Under Pressure
- Canadian Dollar: Under Pressure
- New York Times Sees Lower Revenues
- Petrobras Set For Record Share Sale
- Manpower Is Neutral
| Stryker & Vision-Sciences Ink Pact Posted: 23 Sep 2010 12:05 PM PDT Orthopedic devices giant Stryker Corp. (NYSE:SYK) has reportedly struck a deal with New York-based Endoscopy product maker Vision-Sciences Inc. (NASDAQ:VSCI). Under the exclusive three-year pact, Vision-Sciences will manufacturer and supply endoscopic urology devices to Stryker.
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| NASDAQ Ups 2010 Expense Forecast Posted: 23 Sep 2010 12:05 PM PDT NASDAQ OMX Group Inc. (NASDAQ:NDAQ) has provided its operating expense guidance for 2010 and revenue outlook for the longer term, according to Reuters.
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| DineEquity’s 3Q Same-Store Sales Up Posted: 23 Sep 2010 11:35 AM PDT DineEquity Inc. (NYSE:DIN), operating under the Applebee’s Neighborhood Grill & Bar and IHOP brands, announced a preview of its same-store sales results for third quarter 2010. The company indicated that comparable sales in the chain of restaurants under both the brands are on a rising trend.
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| Posted: 23 Sep 2010 11:35 AM PDT Recently, Endo Pharmaceuticals (NASDAQ:ENDP) received a boost with the US Food and Drug Administration (FDA) deciding to review the New Drug Application (NDA) for the company's oral formulation of long-acting pain drug oxymorphone on a priority basis. A response from the FDA is expected to be out by January 7, 2011. The NDA was submitted last month.
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| Wilmington Lowered To Underperform Posted: 23 Sep 2010 11:05 AM PDT Based on Wilmington Trust Corporation's (NYSE:WL) exposure to risky construction loans and its deteriorating credit quality, we have downgraded our long term recommendation on the shares of company to "Underperform" from "Neutral".
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| Posted: 23 Sep 2010 11:05 AM PDT Amedisys (NASDAQ:AMED) announced a restructuring plan which is expected to benefit the company over the long-term. The company has decided to close 13 agencies consisting of 9 home health and 4 hospice agencies. In addition, 23 home health and 3 hospice agencies will be consolidated with the existing locations.
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| Used Home Sales Rebound Slightly Posted: 23 Sep 2010 11:05 AM PDT Existing Home Sales rebounded by 7.6% in August from an absolutely dismal showing in July. The seasonally adjusted annual rate was 4.13 million up from 3.84 million in July, but down 19.0% from a year ago when the rate was 5.10 million. The August rate was just slightly better than the consensus expectations of a 4.10 million annual rate. The rate was well below the June rate of 5.26 million, which was boosted by people trying to close on their homes by the end of June so they could qualify … [visit site to read more]
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| Weekly Rail Traffic Continues To Improve, Container Volume Sets A New All-Time Record High Posted: 23 Sep 2010 11:01 AM PDT “The Association of American Railroads (AAR) today reported solid gains in weekly rail traffic (see chart above), with U.S. railroads posting the highest intermodal volume for 2010 and the highest container count on record. For the week ending Sept. 18, 2010, intermodal traffic on U.S. railroads totaled 240,013 trailers and containers, up 16.9 percent from the same week in 2009, and up 2.4 percent compared with 2008. Container volume last week increased 18.8 percent compared with 2009, and … [visit site to read more]
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| Adobe Optimist Sells Put Spread Posted: 23 Sep 2010 10:44 AM PDT Adobe Systems, Inc. (NASDAQ:ADBE)– A put credit spread on the maker of graphic design software suggests one option strategist expects the firm's shares are unlikely to decline much further ahead of October expiration. Adobe's shares fell as much as 22.2% to touch down at a new 52-week low of $25.81 on Wednesday morning after the firm forecast lower than expected fourth-quarter sales. Today, shares slipped 0.15% lower to trade at $26.63 as of 11:30 am ET. The bullish player sold 2,500 … [visit site to read more]
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| Posted: 23 Sep 2010 10:35 AM PDT Recently, Theravance Inc. (NASDAQ:THRX) and partner GlaxoSmithKline Plc (NYSE:GSK) presented encouraging data from a mid-stage study (n=60) on their combination therapy Relovair for treating patients suffering from chronic obstructive pulmonary disorder (COPD). The data from the double-blind, parallel-group, placebo-controlled study was presented at the European Respiratory Society congress in Spain.
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| Posted: 23 Sep 2010 10:05 AM PDT AMB Property Corp. (NYSE:AMB), a leading real estate investment trust (REIT), recently leased approximately 283,200 square feet of its development portfolio in China as the country witnessed increased demand for state-of-the-art distribution facilities due to rise in consumer and business spending.
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| Posted: 23 Sep 2010 10:05 AM PDT Wyndham Worldwide Corporation (NYSE:WYN), a noted hospitality company, announced that through its Exchange and Rentals business unit it is buying ResortQuest, a vacation rental firm in the U.S., for $56 million. The deal is expected to close by the end of the third quarter of 2010.
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| “AFTERSHOCK: The Next Economy And America’s… Posted: 23 Sep 2010 09:56 AM PDT |
| AUD/USD Still Riding Strong Uptrend Posted: 23 Sep 2010 09:49 AM PDT Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (9/23/2010) has made a bearish correction back down to support in the 0.9465 price region, which is also around the bottom of a steep parallel uptrend channel extending back to the August lows, after hitting a high right around the 0.9600 price region on Wednesday. Despite this bearish correction, price continues to be entrenched within the steep uptrend for the time being. If this uptrend is broken to the … [visit site to read more]
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| Posted: 23 Sep 2010 09:47 AM PDT The lessons of history are so great. Regrettably all too often those lessons are not fully learned and are thus repeated. My days at Boston Latin School in the early '70s introduced me to the great ancient civilizations of Greece and Rome. The stories of the battles, the empires, the pride, and the downfalls held many lessons which stay with me to this day. These memories came back to me this morning as I reviewed a recent poll of our nation's CFOs.
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| Jacobs: Extension Of Kent Contract Posted: 23 Sep 2010 09:35 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) has received the extension of its consultancy contract from Kent County Council in the U.K. until 2013. Jacobs will provide services to the County Council's Highway division.
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| Halliburton’s DJSI Entry Questioned Posted: 23 Sep 2010 09:35 AM PDT Major oilfield service provider Halliburton Co. (NYSE:HAL) has been selected as a member of the global Dow Jones Sustainability Indexes ("DJSI"), the global indicator tracking the financial performance of leading sustainability-driven companies worldwide. Launched in 1999, DJSI is widely considered as the benchmark in this area. The index is drawn up by Dow Jones in collaboration with investment management firm Strategic Asset Management ("SAM").
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| Posted: 23 Sep 2010 09:05 AM PDT Denny's Corporation (NASDAQ:DENN), America's largest full-service family restaurant chain, recently announced the opening of its 1600th restaurant in the United States. The new restaurant is in Sioux Falls, South Dakota. This new unit is a Flying J conversion owned by franchisee Ken Herslip of LaMore Restaurant Group, LLC. With the opening of this restaurant, Denny's has crossed a significant milestone and achieved the top notch in terms of locations in the family-restaurant segment.
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| Jobless Claims Up 1st Time In 5 Weeks Posted: 23 Sep 2010 09:05 AM PDT Initial Claims for Unemployment Insurance climbed by 12,000 last week to 465,000. That is the first increase in five weeks. Since claims can be volatile from week to week, it is better to track the four-week moving average to get a better sense of the trend. It declined by 3,250 to 463,250. After declining sharply in the second half of 2009, the four-week moving average has been stuck in a tight trading range. Just over a month ago, the weekly number hit 500,000 and threatened to break out to … [visit site to read more]
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| Goodrich Acquires DeCrane Assets Posted: 23 Sep 2010 09:05 AM PDT Defense contractor Goodrich Corporation (NYSE:GR) has concluded the acquisition of the Cabin Management assets of DeCrane Holdings Company for approximately $280 million. Inclusion of DeCrane's Cabin Management assets will boost the capacity of Goodrich’s Interiors Strategic Business Unit, within its Nacelles and Interior Systems Segment. DeCrane's Cabin Management business unit provides seating, furniture, veneers and cabin management systems to the business jet market.
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| AdvisorShares Finalizes Global Tactical And Active Bear ETF Posted: 23 Sep 2010 09:00 AM PDT AdvisorShares recently made two separate filings with the SEC providing finalized and updated prospectus for two of its proposed actively-managed ETFs – the Active Bear ETF (HDGE) and the Cambria Global Tactical ETF (GTAA). Plans for both these funds had previously been indicated by preliminary prospectus being filed for each ETF. AdvisorShares provided important expense structure details for each fund that was previously undisclosed.
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| Interview With Steve Kiel: Portfolio Manager Of The Hayek Fund And The Freedom Fund Posted: 23 Sep 2010 08:59 AM PDT I had an interesting interview recently with Steve Kiel, which I posted on GuruFocus.com. I will post the beginning of the interview here, with a link to the rest of the interview on GuruFocus.com
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| Australian Dollar: Under Pressure Posted: 23 Sep 2010 08:36 AM PDT |
| Canadian Dollar: Under Pressure Posted: 23 Sep 2010 08:36 AM PDT |
| New York Times Sees Lower Revenues Posted: 23 Sep 2010 08:35 AM PDT The sluggish advertising trend is weighing upon The New York Times Company (NYSE:NYT), the diversified media conglomerate, prompting an update on its third-quarter 2010 outlook.
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| Petrobras Set For Record Share Sale Posted: 23 Sep 2010 08:35 AM PDT Brazilian state-run energy giant Petroleo Brasileiro S.A. (NYSE:PBR), or Petrobras S.A. , is expected to price the biggest global share issue in history late on Thursday. The stock offering of up to R$134 billion (or $79 billion) will see the Brazilian government receive shares (worth about $42.5 billion) against the transfer of rights for up to 5 billion barrels of deep-sea pre-salt oil reserves (oil deposits located in the sea bed under thick layers of salt) to Petrobras.
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| Posted: 23 Sep 2010 08:35 AM PDT Manpower Inc.'s (NYSE:MAN) comprehensive range of services makes it a truly global staffing firm. The company provides services for the entire employment and business cycle including permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing and consulting.
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