DailyMarkets.com - Crude Oil Inventory Watch: Demand Falls Under Last Year’s Levels |
- Crude Oil Inventory Watch: Demand Falls Under Last Year’s Levels
- Cognizant Extends Agreements
- General Cable Wins Contract
- APD-ARG Battle Continues
- Merck Partners Lundbeck For Sycrest
- Delta 3Q To Rise On Strong Demand
- Google Slams Homerun In The 3rd
- ADTRAN’s Robust 3Q Beats
- Tetra Tech Makes Canadian Acquisition
- SDV Staging A Comeback
- How Free-Market Capitalism Saved The Miners
- TV Everywhere With Comcast
- Limited Upside For Core Labs
- Nokia Starts New Smartphone Shipment
- SLB: A Coalition Deal In Russia
- Ford To Trim Lincoln Dealers
- Denbury Sheds Haynesville Assets
- Ventas Integrates Sunrise Portfolio
- Virginia Is State #14 To Report Sept. Tax Gains
- Weekly Rail Traffic, Port Of Savannah Show Gains
- Cerner & MedAssets Join Forces
- Safeway Beats Estimates
- Covidien’s Repair Products At EHS
- PPI Up 0.4%, Core Up 0.1%
- World Stock Market Cap Hits A 26-Mo. High In Sept.
| Crude Oil Inventory Watch: Demand Falls Under Last Year’s Levels Posted: 14 Oct 2010 03:51 PM PDT Inventories For the third week in a row, the total petroleum surplus to the 5-year average decreased. The surplus now stands at 95.983 million, or 9.2%, down from 9.9% in the prior … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 03:35 PM PDT Cognizant Technology Solutions (NASDAQ:CTSH) recently signed a new agreement with Invensys Operations Management, a division of Invensys that provides automation and information technology, systems, software solutions, services and consulting to the global manufacturing and infrastructure industries. The new go-to-market agreement is expected to accelerate the delivery of Invensys Operations Management’s InFusion Enterprise Control System-based solutions for customers in the manufacturing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 03:05 PM PDT Norddeutsche Seekabelwerke GmbH, a subsidiary of General Cable Corporation (NYSE:BGC), has won a Euro 195 million, or $270 million contract from 50Hertz Offshore GmbH, a subsidiary of the German-based transmission network operator 50Hertz Transmission GmbH.
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| Posted: 14 Oct 2010 03:05 PM PDT In an attempt to fend off a hostile takeover bid from rival Air Products and Chemicals Inc. (APD), gas maker Airgas Inc. (ARG) has recently announced that it plans to file a petition against a ruling by a Delaware court which brings forward the company's date for annual general meeting. As per the court's ruling, Airgas is required to conduct an annual general meeting on January 18, 2011, against the terms under its certificate of incorporation.
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| Merck Partners Lundbeck For Sycrest Posted: 14 Oct 2010 03:05 PM PDT Merck & Co. Inc. (NYSE:MRK) recently entered into an exclusive commercialization agreement with H. Lundbeck A/S for its antipsychotic drug, Sycrest (asenapine). The deal, which is for an undisclosed amount, will allow Lundbeck to commercialize Sycrest in all markets excluding the United States, China and Japan. Merck has retained the commercialization rights for these markets. Merck is also entitled to receive product supply payments on the drug in future.
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| Delta 3Q To Rise On Strong Demand Posted: 14 Oct 2010 03:05 PM PDT Delta Air Lines Inc. (NYSE:DAL), the second largest airline, expects third quarter unit revenue to rise on recovering travel demand. The demand for air travel has been growing better than expected. September traffic, measured in billions of revenue passenger miles, rose 6.5% year over year on 6.6% capacity increase and stable load factor (the percentage of seats filled). Revenue passenger miles is the revenue generated for every mile a passenger flies.
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| Google Slams Homerun In The 3rd Posted: 14 Oct 2010 02:35 PM PDT Internet search giant Google, Inc. (NASDAQ:GOOG) posted a huge 3rd quarter earnings surprise after the closing bell Thursday, with GAAP earnings of $6.72 per share on net revenues of $5.48 billion. These results far outpaced the Zacks Consensus Estimates of $5.93 per share on $5.285 billion in revenue, respectively. We rely on the GAAP earnings since it accounts for the company's stock-based compensation, the same as in the Zacks Consensus Estimate. GAAP net income in the quarter increased to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 02:35 PM PDT ADTRAN Inc. (NASDAQ:ADTN), a global provider of networking and communications equipment, declared robust third quarter earnings of 50 cents per share, which surpassed the Zacks Consensus Estimate of 43 cents and the year-ago quarter results of 34 cents, based on strong revenues.
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| Tetra Tech Makes Canadian Acquisition Posted: 14 Oct 2010 02:05 PM PDT Tetra Tech Inc (NASDAQ:TTEK) made its third major acquisition in Canada by acquiring engineering and consulting firm BPR based in Quebec. The previous two were those of EBA Engineering Consultants in August 2010 and Wardrop Engineering in January 2009.
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| Posted: 14 Oct 2010 02:05 PM PDT Switched Digital Video (SDV) technology is likely to boom in the near future as more and more large cable MSOs in the U.S. are gradually moving towards overall services convergence. SDV technology distributes digital video content through cable network in a cost-effective manner so that additional uses can be made using the free bandwidth. It can also be helpful for IP video services and more targeted advertising.
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| How Free-Market Capitalism Saved The Miners Posted: 14 Oct 2010 02:00 PM PDT There’s a great article in today’s Wall Street Journal by Daniel Henninger about how the frequently maligned principles of free-market capitalism, free trade, globalization, the miracle of the market, the profit motive, and the invisible hand saved the miners in Chile. Some excerpts appear below, and you can watch Daniel’s video above. If those miners had been trapped a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 01:35 PM PDT Comcast Corp. (NASDAQ:CMCSA), the largest cable multi-system operator (MSO) in the U.S., has decided to launch its TV Everywhere service called "Xfinity Online TV" in October 2010. Comcast introduced the beta version of this service long back in December 2009.
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| Posted: 14 Oct 2010 01:35 PM PDT We are maintaining our Neutral recommendation on Core Laboratories N.V. (CLB) shares with a target price of $91.
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| Nokia Starts New Smartphone Shipment Posted: 14 Oct 2010 01:35 PM PDT NokiaCorp. (NOK) started shipment of C7 based on its Symbian platform. This is the second smartphone shipped after the N8.
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| SLB: A Coalition Deal In Russia Posted: 14 Oct 2010 01:05 PM PDT Schlumberger Limited (NYSE:SLB) and Eurasia Drilling Co. (Russia's major oil and gas driller) have joined hands for an asset swap deal and a strategic coalition in Russia.
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| Posted: 14 Oct 2010 01:05 PM PDT Ford Motor Co. (NYSE:F) plans to eliminate a third of its 1,200 Lincoln dealers in the U.S. The automaker has 500 Lincoln dealerships in the metropolitan markets while 700 dealerships are located in rural areas. So far, 175 dealerships from the urban areas have been reported to be eliminated.
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| Denbury Sheds Haynesville Assets Posted: 14 Oct 2010 01:05 PM PDT Denbury Resources Inc. (NYSE:DNR) is stepping forward to complete the planned divestiture of non-core oil and gas properties of Encore Acquisition Company acquired in March. Yesterday, the company said that it will sell its Haynesville and East Texas natural gas assets to a private oil and gas company for $217.5 million.
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| Ventas Integrates Sunrise Portfolio Posted: 14 Oct 2010 12:35 PM PDT Ventas Inc. (NYSE:VTR), a leading healthcare real estate investment trust ("REIT"), has recently completed the first phase of the integration of 58 high-quality senior living communities acquired from Sunrise Senior Living Inc. (NYSE:SRZ), the largest provider of senior living services in the U.S. Ventas acquired the properties for about $186 million (including $145 million in mortgage debt). Ventas previously had 100% ownership stake in about 21 of the 79 senior housing communities that were … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Virginia Is State #14 To Report Sept. Tax Gains Posted: 14 Oct 2010 12:33 PM PDT “Virginia tax revenues continued to slowly grow in September, state officials said Wednesday, a sign that the state’s economy is perking up after the deep economic downturn. Collections grew by 4.1 percent in September 2010, compared to September a year ago, making September the sixth out of the last seven months in which revenue grew this year over last. State officials said withholding taxes grew 6.8 percent over last year’s numbers, while corporate income tax grew 13.8 percent. Sales taxes … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Weekly Rail Traffic, Port Of Savannah Show Gains Posted: 14 Oct 2010 12:25 PM PDT Weekly rail traffic for the week ending last Saturday (October 9) continued to improve compared with the same week last year, with carloads increasing by 8.8% and intermodal traffic by 13.1%, according to today’s report from the American Association of Railroads. Cumulative rail traffic for the first 40 weeks of 2010 has improved by 7.2% for carloads and 14.7% for intermodal units. This marks the 39th straight week starting in mid-January of improvements in intermodal rail … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Cerner & MedAssets Join Forces Posted: 14 Oct 2010 12:05 PM PDT Healthcare information technology (HCIT) solutions provider Cerner Corp (NASDAQ:CERN) has entered into a reseller pact with Georgia-based hospital software company MedAssets Inc (NASDAQ:MDAS). The deal expands Cerner's revenue cycle management (RCM) offerings (which automates and manages claims processing and billing-related operations), providing it with the rights to market MedAssets’ comprehensive suite of web-based revenue cycle solutions. This will enable Cerner customers to leverage these … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 12:05 PM PDT Safeway Inc. (NYSE:SWY) reported third quarter fiscal 2010 earnings per share (EPS) of 33 cents beating both the Zacks Consensus Estimate and year-ago quarter's EPS of 31 cents. The third quarter of 2010 EPS included employee severance charges of 2 cents, offset by a lower tax rate as compared with the year-ago quarter. The company reported sales of $9.4 billion, which matches the Zacks Consensus Estimate, though is marginally down from the year-ago quarter's $9.5 billion. The effect of a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Covidien’s Repair Products At EHS Posted: 14 Oct 2010 12:05 PM PDT Ireland-based healthcare product maker Covidien plc (NYSE:COV) reported that its hernia and abdominal wall repair products have been showcased at the 32nd International Congress of the European Hernia Society (EHS). Data presented from company-sponsored clinical trials demonstrated encouraging potential of Covidien's products in mitigating post-surgical pain and complications in hernia and abdominal wall repair procedures. Presentations by surgeons at the EHS include preliminary data from two … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 14 Oct 2010 12:05 PM PDT The Producer Price Index (PPI) for finished goods rose at a higher than expected rate of 0.4% in August on a headline basis. The consensus had been looking for a 0.2% increase. Stripping out the volatile food and energy prices, the core PPI rose just 0.1%, in line with expectations. In August, headline prices also rose 0.4%. Core inflation was 0.1% in August and 0.3% in July. Relative to a year ago, headline PPI is up 4.0% from a year ago, and the core PPI is up 2.2%. Most of the price … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| World Stock Market Cap Hits A 26-Mo. High In Sept. Posted: 14 Oct 2010 11:52 AM PDT According to the World Federation of Exchanges, a Paris-based association of 52 stock exchanges around the world, the world stock market capitalization reached more than $50 trillion in September, the highest monthly value in 26 months, since July 2008. That was an increase of almost $4 trillion (and 8.2%) compared to the $46.4 trillion value of global equities in August, and a $10 trillion increase since September of last year. Compared to the cyclical low of $26.6 trillion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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