DailyMarkets.com - Avis’ Revised Third Quarter Outlook
DailyMarkets.com - Avis’ Revised Third Quarter Outlook |
- Avis’ Revised Third Quarter Outlook
- DineEquity To Sell 56 Applebee’s
- Carnival Corporation Upgraded
- Allos’ Encouraging Data On Folotyn
- Earnings Preview : Freeport-McMoRan
- Highwoods Renews MedSolutions Lease
- Varian Wins NIH Research Grant
- Global Payments Misses
- Forex Trading: USDJPY Drifts Lower Toward It’s Intraday Support Level
- Forex Trading: GBPUSD Showing Bearish Tendencies
- HCN Announces 3Q Investments
- Comcast Expanding Xfinity WiFi (revised)
- Televisa Chooses Debt Financing
- Australian Dollar: Under Pressure
- Canadian Dollar: Under Pressure
- Are Beans Overextended?
- King In Pfizer’s Court
- King In Pfizer’s Court
- Chevron Sells Stake Of Colonial
- Shutterfly Upgraded To Outperform
- Philips Acquires Dental Portfolio
- Defense Deal For Computer Sciences
- Forex Trading: GBPUSD Stays Below 200 Hour MA And Fibo Level At The 1.5860 Level
- Around The Investment Globe In 5 Minutes
- I’m Back – Alive And Kicking!
| Avis’ Revised Third Quarter Outlook Posted: 12 Oct 2010 09:35 AM PDT Avis Budget Group Inc. (NYSE:CAR) expects impressive third quarter results, thanks to the cost-saving initiatives as well as higher demand for its products. The company plans to announce its third quarter financial results early next month. |
| DineEquity To Sell 56 Applebee’s Posted: 12 Oct 2010 09:35 AM PDT California-based DineEquity Inc. (NYSE:DIN) announced on Monday that it has inked an agreement to sell 56 company-owned Applebee’s restaurants in Missouri, Illinois and Virginia for $38 million as a move to reduce debt burden and to build up a franchise-centric operation. In July 2010, DineEquity also announced the sale of 63 company-operated Applebee’s restaurants in Minnesota and parts of Wisconsin and expects to clinch the deal in fourth quarter 2010. |
| Posted: 12 Oct 2010 09:35 AM PDT We are upgrading our rating on Carnival Corporation (NYSE:CCL), the largest cruise operator in the world, to Outperform from Neutral. |
| Allos’ Encouraging Data On Folotyn Posted: 12 Oct 2010 09:05 AM PDT Recently, Allos Therapeutics, Inc. (NASDAQ:ALTH) announced encouraging survival data from a mid-stage study of its cancer drug Folotyn (pralatrexate injection). The randomized study (n=201) evaluated the efficacy of Folotyn against Roche's (RHHBY) erlotinib (Tarceva) in patients suffering from advanced non-small cell lung cancer (NSCLC) who are, or have been, cigarette smokers and did not respond to chemotherapy. |
| Earnings Preview : Freeport-McMoRan Posted: 12 Oct 2010 09:05 AM PDT Copper major Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is scheduled to report third quarter 2010 results on October 21, 2010. The Zacks Consensus Estimate for the current quarter and full year 2010 is pegged at $1.93 and $7.80. Shares of the company have surged higher and are trading near the 52-week high of $96.57 since its better-than-expected second quarter 2010 results. |
| Highwoods Renews MedSolutions Lease Posted: 12 Oct 2010 09:05 AM PDT Highwoods Properties, Inc. (HIW), a real estate investment trust (REIT), has recently renewed its lease agreement with MedSolutions – a premier medical management services provider for 54,000 square feet (sq ft) of space at Cool Springs II in Nashville. In addition, the company also signed a second lease agreement for 42,000 sq ft of space at the same property. |
| Varian Wins NIH Research Grant Posted: 12 Oct 2010 09:05 AM PDT Varian Medical Systems, Inc. (VAR), a global leader in medical devices used for cancer treatment, recently announced that its Ginzton Technology Center and Stanford University won a $3.6 million five-year research grant from the U.S. National Institutes of Health (NIH). The purpose of the grant will be to improve advanced imaging technology. Specifically, it will enhance the quality of Computed Tomography (CT) images for patients with metal objects in their bodies such as dental fillings and … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Posted: 12 Oct 2010 09:05 AM PDT Global Payments Inc. (NYSE:GPN), first quarter 2011 earnings per share of 61 cents (according to the GAAP figures provided by the company) fails to beat Zacks Consensus Estimate of 69 cents per share and also decreased 14.1% from prior year quarter. Revenue increased marginally 7% to $440.1 million compared to $409.1 million from year ago quarter. The rise in revenue was primarily attributed to 15% and 16% rise in revenue from US and Asia Pacific, respectively. But revenues from Europe dipped 8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Forex Trading: USDJPY Drifts Lower Toward It’s Intraday Support Level Posted: 12 Oct 2010 08:59 AM PDT |
| Forex Trading: GBPUSD Showing Bearish Tendencies Posted: 12 Oct 2010 08:43 AM PDT |
| Posted: 12 Oct 2010 08:35 AM PDT Health Care REIT, Inc. (HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate assets, has recently announced gross investments of $702.5 million in the third quarter of fiscal 2010. Year to date, gross investments of the company totaled approximately $1.6 billion. |
| Comcast Expanding Xfinity WiFi (revised) Posted: 12 Oct 2010 08:35 AM PDT In a major move to counter the competitive threat from other communications service providers, Comcast Corp. (NASDAQ:CMCSA) recently launched its WiFi services called "Xfinity WiFi" on its home turf of Philadelphia, New Jersey, and northern Delaware. Comcast's existing Xfinity Internet subscribers will be able to access all indoor and outdoor WiFi hotspots installed by it without any additional charge. Xfinity WiFi will support download speeds of 6 Mbps – 8 Mbps. Cable MSOs throughout the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Televisa Chooses Debt Financing Posted: 12 Oct 2010 08:35 AM PDT The largest global Spanish-language broadcaster, Grupo Televisa SA (NYSE:TV), has announced plans to sell approximately 10 billion pesos ($802 million) of fixed-rate bonds due in 2020 to fund acquisitions. The money is likely to be utilized to acquire a 35% stake of Univision for a consideration of around $1.2 billion. Almost a year ago, Televisa raised $600 million by issuing fixed-rate bonds. |
| Australian Dollar: Under Pressure Posted: 12 Oct 2010 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Canadian Dollar: Under Pressure Posted: 12 Oct 2010 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Posted: 12 Oct 2010 08:18 AM PDT Fundamentals |
| Posted: 12 Oct 2010 08:10 AM PDT The pharmaceutical industry continues to be in acquisition mode with pharma giant Pfizer (NYSE:PFE) announcing its intention to acquire King Pharmaceuticals (NYSE:KG) for $3.6 billion. Pfizer and King Pharma have entered into a definitive merger agreement whereby Pfizer will acquire King Pharma for $14.25 per share. |
| Posted: 12 Oct 2010 08:10 AM PDT The pharmaceutical industry continues to be in acquisition mode with pharma giant Pfizer (NYSE:PFE) announcing its intention to acquire King Pharmaceuticals (NYSE:KG) for $3.6 billion. Pfizer and King Pharma have entered into a definitive merger agreement whereby Pfizer will acquire King Pharma for $14.25 per share. |
| Chevron Sells Stake Of Colonial Posted: 12 Oct 2010 08:10 AM PDT U.S.oil major Chevron Corporation (CVX) has agreed to sell its ownership interest in the U.S. oil products pipeline company Colonial Pipeline Company. The company sealed the deal with a private equity firm Kohlberg Kravis Roberts & Company, in partnership with South Korea’s state-run National Pension Service ("NPS"). |
| Shutterfly Upgraded To Outperform Posted: 12 Oct 2010 08:10 AM PDT We are upgrading our rating on Shutterfly Inc. (NASDAQ:SFLY), a leading provider of Internet-based social expression and personal publishing service, to Outperform form Neutral. Second Quarter Flashback Shutterfly reported adjusted second quarter 2010 loss of $3.1 million or 12 cents per share versus the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
| Philips Acquires Dental Portfolio Posted: 12 Oct 2010 08:10 AM PDT Koninklijke Philips Electronics NV (NYSE:PHG) is set to acquire Discus Holdings Inc., a leading producer of professional tooth whitening products. The terms of the deal were not disclosed. |
| Defense Deal For Computer Sciences Posted: 12 Oct 2010 08:10 AM PDT Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it received an engineering and test support services indefinite-delivery/indefinite-quantity (IDIQ) contract from the U.S. Missile Defense Agency (MDA), jointly with four other companies. The contract has a termination period of five years and is worth $1.6 billion in total. |
| Forex Trading: GBPUSD Stays Below 200 Hour MA And Fibo Level At The 1.5860 Level Posted: 12 Oct 2010 08:10 AM PDT In the UK, larger trade deficit and elevated CPI inflation that remains above the 3.1% upper target moved the GBPUSD back higher toward the 200 hour MA (after selling off earlier in the day on the dollar strength) during the London session, but the price has since moved back lower in NY morning trading. |
| Around The Investment Globe In 5 Minutes Posted: 12 Oct 2010 07:31 AM PDT After not having posted articles for a while, the logical first bite at the cherry is a quick review of the overall investment landscape and major asset classes. Covering the globe necessitated a somewhat longer post than usual, but hopefully the read will be useful. |
| Posted: 12 Oct 2010 07:29 AM PDT As you might have guessed, I have taken a few weeks off for some R&R and to spend quality time with my family, including a cruise from Venice down the Adriatic Sea to a few Greek isles such as Mykonos and Corfu, and also mainland Greece. The pictures below should give you a taste … (More will be posted shortly on Facebook.) All dressed up to attend the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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