Thursday, October 28, 2010

DailyMarkets.com - Noble Tops, Sales Forecast Robust

DailyMarkets.com - Noble Tops, Sales Forecast Robust


Noble Tops, Sales Forecast Robust

Posted: 28 Oct 2010 12:05 PM PDT

Noble Energy Inc. (NYSE:NBL) reported adjusted earnings per share of $1.27 for the third quarter of 2010, which outdid the Zacks Consensus Estimate of 81 cents as well as the year-ago earnings of $1.10. The outperformance was mainly driven by robust volume growth across the company’s businesses.
Net revenue of $755 million in the third quarter was above the Zacks Consensus Estimate of $737 million and grew 21.6% from $621 million in the third quarter of 2009. This was mainly due to strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pressure Bio’s 2 Presentations

Posted: 28 Oct 2010 12:05 PM PDT

Continued DNA yield improvement with PCT platform technology in forensic application

In a news release on October 26, 2010, Pressure BioSciences, Inc. (NASDAQ:PBIO) announced two scientific presentations at the 21st International Symposium on Human Identification. These two presentations, by two of the most well-known and respected investigative and academic forensics laboratories in the U.S., have provided further evidence that the company's lead sample preparation technology — pressure cycling … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fortune Brands’ Earnings Fall

Posted: 28 Oct 2010 12:05 PM PDT

Fortune Brands Inc.'s (NYSE:FO) adjusted earnings for the third quarter of fiscal 2010 came in at 72 cents per share, falling short of the Zacks Consensus Estimate of 74 cents and the year-ago adjusted earnings of 77 cents. GAAP earnings came in at 66 cents compared with 82 cents posted in the year-ago quarter.
Meanwhile, net sales during the reported quarter grew marginally by 0.2% year over year to $1.72 billion. Total revenue failed to meet the Zacks Consensus Estimate of $1.75 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Do You Have A ‘Head In The Sand’ Approach To Gold & Silver Investing?

Posted: 28 Oct 2010 11:44 AM PDT

It is genuinely amazing that so many economists and investment professionals continue to promote "business as usual" investment advice.  Their clients will surely pay a steep price for this "head in the sand" approach to investing. Here's why.

Current Investment Realities

a) Stocks – Risky

In spite of the fact that equities are more or less fully priced, there are those who continue to recommend stocks without caution to their inherent risk.  We know the FED's propensity … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Duke Energy Beats, Raises Outlook

Posted: 28 Oct 2010 11:30 AM PDT

Duke Energy Corporation (NYSE:DUK) reported third-quarter 2010 earnings of 51 cents per share, beating the Zacks Consensus Estimate of 42 cents. Results were also ahead of 40 cents from a year ago.
Net income attributable to Duke Energy in the quarter was $670 million, substantially higher than $190 million in the year-ago quarter.
The better-than-expected results were largely due to warm weather and base-rate increases approved in 2009 in the Carolinas, as well as higher weather-normalized sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Allstate Misses On Low Top Line

Posted: 28 Oct 2010 11:30 AM PDT

Allstate Corporation's (NYSE:ALL) third quarter operating earnings of 83 cents per share came in way behind the Zacks Consensus Estimate of 97 cents and 99 cents recorded in the year-ago quarter.
Results for the quarter deteriorated primarily due to lower-than-expected premiums coupled with higher expenses in the Property-Liability insurance segment, along with relatively higher tax expenses. However, lower catastrophic losses, prudent capital management and strong liquidity were quite … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DOW Beats Consensus Estimate

Posted: 28 Oct 2010 11:30 AM PDT

Chemical giant The Dow Chemical Company (NYSE:DOW) earned 54 cents per share in the third quarter of 2010, ahead of the Zacks Consensus Estimate of 41 cents as well as last year's 24 cents. However, including one-time charges, the company earned 45 cents, down 29% from 63 cents in the year-ago quarter.

Quarterly revenues jumped 23% year over year to $12.9 billion and were in line with the Zacks Consensus Estimate of $12.9 billion. Volume (14%) and pricing (8%) gains across all business segments … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Strong Third Quarter For Ball Corp.

Posted: 28 Oct 2010 11:30 AM PDT

Ball Corporation (NYSE:BLL) reported strong third quarter results with earnings per share (EPS) of $1.40, up 16% from $1.21 during the prior-year quarter, but below the Zacks Consensus Estimate of $1.43.
The company gained 90 cents from equity earnings in the quarter, including which EPS amounted to $2.30.
Net sales as reported by the company amounted to $2.03 billion, up 12% year over year, driven by the strong performance throughout the company's various packaging operations and the aerospace … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“News That Fed May Not Dive In…some People Taking Money Off Table”

Posted: 28 Oct 2010 11:11 AM PDT

10/28/10 Cuttone & Company’s Bernie McSherry weighs in on the latest equity market action, and discusses upcoming event … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stericycle Beats Zacks Estimates

Posted: 28 Oct 2010 11:05 AM PDT

Stericycle Inc. (NASDAQ:SRCL) delivered earnings per share (EPS) of 65 cents in its third quarter ended September 30, 2010, beating the Zacks Consensus Estimate by 2 cents, and surpassing the year-ago result of 55 cents by 18%.
The reported and year-ago quarters' EPS excluded expenses related to acquisitions and release of prior-year tax reserves. In addition, the EPS in the quarter under review excluded restructuring costs. Including these items, EPS stood at 65 cents in the reported quarter (at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vale’s Stellar Performance

Posted: 28 Oct 2010 11:05 AM PDT

Vale S. A. (VALE) reported excellent results for the third quarter of fiscal 2010 with an EPADS of $1.31, a huge leap from just 31 cents in the year-ago quarter. On a sequential basis, EPADS also increased from 70 cents in the second quarter of fiscal 2010. It beat the Zacks Consensus Estimate of $1.03.
Net earnings also increased to $6,038 million from $1,677 million in the corresponding quarter of 2009 and $3,705 million during the previous quarter. This huge jump was attributable to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


3M Beats Estimates

Posted: 28 Oct 2010 11:05 AM PDT

3M Co. (NYSE:MMM) released its earnings results for third quarter of 2010, reporting earnings per share of $1.53, beating the Zacks Consensus Estimate of $1.51. With a 13% increase in its earnings, the company's sales improved in all its business and geographic regions.
3M continues to deliver sustainable increases in sales, earnings and free cash flow.
Revenue
Total revenues for the quarter increased 11% year over year to $6.9 billion. This was higher than the Zacks Consensus Estimate of $6.81 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Mixed Results For Waste Management

Posted: 28 Oct 2010 10:31 AM PDT

Waste Management Inc. (NYSE:WM) delivered adjusted earnings per share (EPS) of 55 cents in its third quarter ended September 30, 2010, falling short of the Zacks Consensus Estimate of 59 cents. EPS in the quarter however posted a 2% increase from 54 cents in the year-ago quarter. The year-over-year improvement was driven by growth in its collection, landfill and recycling businesses and disciplined focus on pricing.
The company stated that two items had a 5-cent impact on EPS in the quarter – … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Raytheon Beats, Raises Outlook

Posted: 28 Oct 2010 10:31 AM PDT

Raytheon Company (NYSE:RTN) reported third-quarter 2010 adjusted earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.13 by 5 cents. Results were also ahead of earnings of $1.25 reported in the year-ago period. Net income in the quarter was $510 million, up 3.7% from $492 million in the year ago period.
The better-than-expected results in the quarter were largely attributable to cost control measures as well as strong program performance.
Including a favorable tax settlement of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Goodyear Beats, Yet Profit Falls

Posted: 28 Oct 2010 10:31 AM PDT

Goodyear Tire & Rubber Company (NYSE:GT) showed a 70% fall in profit to $32 million or 13 cents per share (excluding special items) in the third quarter of 2010 from $105 million or 45 cents per share (excluding special items) in the same quarter of 2009. However, the company has managed to outperform the Zacks Consensus Estimate of 10 cents per share during the quarter.
The decline in profit was primarily attributable to higher raw material costs and increased selling, administrative and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lower Costs Drive MDCO

Posted: 28 Oct 2010 10:31 AM PDT

The Medicines Company (NASDAQ:MDCO) reported a third-quarter profit of 40 cents per share, including the impact of stock-based compensation expense. Third quarter profit was well above the Zacks Consensus Estimate of 24 cents and the year-ago loss of 6 cents. Performance was boosted by higher revenues and lower operating expenses.
Revenues, although up 6.9% at $105.7 million, fell short of the Zacks Consensus Estimate of $110 million.
The Quarter in Detail
Angiomax continued to see strong demand … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up On Economic Data

Posted: 28 Oct 2010 10:30 AM PDT

The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5926, up 1.00% at time of writing.

The pair was likely to find support at 1.5664, Monday's low, and resistance at 1.5978, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 434.00K last week from 455.00K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Close Higher; Dax Up 0.42%

Posted: 28 Oct 2010 09:55 AM PDT

Forex Pros – European stocks were up after the closing bell on Thursday.

At the close of European trade, Germany's DAX rose 0.42%, London's FTSE 100 gained 0.56%, France's CAC 40 climbed 0.50% and the EURO STOXX 50 was up 0.57%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 434.00K last week from 455.00K in the preceding week whose figure was revised up from 452.00K.

Analysts had expected Initial Jobless Claims to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Special Deal For Value Walk Readers: Value Investing Congress BENEFIT FROM OUR BEST DISCOUNT – 5 DAYS ONLY!

Posted: 28 Oct 2010 09:54 AM PDT

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Has The Credit CARD Act Really Made It Easier For People To Compare Credit Card Offers?

Posted: 28 Oct 2010 09:35 AM PDT

When you get mail offers for credit cards, do you often see numbers all over the place in the brochure? That’s because credit card offers now regularly display their balance transfer fees, minimum interest charges, penalty rates, cash advance interest rates, among others, that had to be disclosed in the last few years.

Complexity in credit card terms has gone down since the implementation of the Credit CARD Act in the U.S., but a recent study by the Center for Responsible Lending shows … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Coca-Cola Enterprises Beats

Posted: 28 Oct 2010 09:35 AM PDT

Coca-Cola Enterprises Inc. (NYSE:CCE) recorded earnings per share of 58 cents a share (including results from Norway and Sweden), which topped the Zacks Consensus Estimate of 54 cents. Prior-year quarter earnings were 50 cents.
Results for the reported quarter include Norway and Sweden while excluding the Coca Cola Enterprises, North American operation, post divestiture. Results for the prior-year comparable quarter, however, exclude Norway and Sweden and include the North American operation.
In … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Zimmer Beats, Cuts Rev Guidance

Posted: 28 Oct 2010 09:35 AM PDT

Zimmer Holdings (NYSE:ZMH) reported third-quarter fiscal 2010 adjusted EPS of 96 cents, beating the Zacks Consensus Estimate by a penny and 9% higher from the year-ago quarter's 88 cents. The company reported net sales of $965 million, lower than the Zacks Consensus estimate of $995 million. In addition, revenues declined 1.1% from the year-ago quarter's $975.6 million.
Zimmer reported net sales of $965 million, missing the Zacks Consensus estimate of $995 million, but declined 1.1% from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Acadia Gets Pimavanserin Back

Posted: 28 Oct 2010 09:35 AM PDT

This morning, Acadia Pharmaceuticals (NASDAQ:ACAD) announced that it has entered into an agreement with Biovail Labs (BLS), a wholly owned subsidiary of Valeant Pharmaceuticals International, to conclude the previously established collaboration to develop and commercialize pimavanserin in the U.S. and Canada.

Acadia has now reclaimed global rights to the drug. As part of the transaction, Biovail will pay Acadia a one-time payment of $8.75 million to terminate the agreement. No future payments … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China Clamps Down On Rare Earth Exports To The West: What’s Its Message?

Posted: 28 Oct 2010 09:34 AM PDT

China for months has blocked shipments of rare earth metals intended for Japan in retaliation for a regional dispute. Now, China appears to have expanded its rare earth embargo to include Western countries – a move that has U.S. and European authorities scrambling to formulate a backup plan.

Rare earth metals are essential to the production of high-tech devices like computers, display screens, smart bombs, and hybrid-car batteries. And despite their name, rare earth metals aren’t … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Rises On Greenback Slide

Posted: 28 Oct 2010 09:18 AM PDT

10/28/10 Front month crude prices were slightly on the upside following a drop in the US … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Declines Across The Board On Fed Easing Uncertainty

Posted: 28 Oct 2010 09:07 AM PDT

Forex Pros – The U.S. dollar was down against all of the other major currencies on Thursday, as continued speculation over the scale and possible impact of further monetary easing by the Federal Reserve weighed on sentiment towards the currency.

During European late afternoon trade, the greenback was down against the euro, with EUR/USD jumping 1.11% to hit 1.3922. Earlier Thursday, data showed that the euro zone CB economic-sentiment index rose to a 34-month high of 104.1 in October, up from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Baldor Electric Beats Estimate

Posted: 28 Oct 2010 09:05 AM PDT

Baldor Electric Company's (NYSE:BEZ) earnings per share for third quarter of 2010 increased 100% year over year to 54 cents, outperforming the Zacks Consensus Estimate of 47 cents.
Revenue
The company also recorded strong top-line growth, with a year-over-year increase of 19% to $453.7 million. Quarterly sales outperformed the Zacks Consensus Estimate of $446 million. Baldor Electric's growth was aided by increased sales in all its product lines.
The company witnessed the highest sales growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Moody’s 3Q Beats Huge, Guidance Up

Posted: 28 Oct 2010 09:05 AM PDT

Moody’s Inc.’s (NYSE:MCO) third quarter 2010 earnings beat the Zacks Consensus Estimate by a huge 11 cents per share based on higher revenues that also exceeded expectations. The results reflect a strong activity in corporate and financial institution debt markets, largely driven by a high-yield bond and higher debt issuance.
Operating Performance
Excluding restructuring charges, quarterly earnings stood at 58 cents per share, up 34.9% from 43 cents reported in the year-ago quarter. Earnings … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NET Servicos Posts Mixed Results

Posted: 28 Oct 2010 09:05 AM PDT

NET Servicos de Comunicacao S.A. (NASDAQ:NETC) declared mixed financial results for the third quarter of 2010. Quarterly net income was $42.5 million or 13 cents per share compared to a net income of $115.8 million or 34 cents per share in the year-ago quarter. EPS was also below the Zacks Consensus Estimate of 15 cents. NET Servicos cited unfavorable movement of foreign currency exchange rate is the primary reasons for this poor performance.
Gross revenue in the quarter was $1,074.3 million, an … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Goes Out Strong In London

Posted: 28 Oct 2010 08:57 AM PDT

Krugman Comes Clean?

Posted: 28 Oct 2010 08:48 AM PDT

… [visit site to read more] or compare Best Credit Cards and Best CD Rates


Assurant Beats Estimates

Posted: 28 Oct 2010 08:40 AM PDT

Assurant Inc.'s (NYSE:AIZ) operating earnings for the third quarter came in at $1.27 per share, ahead of the Zacks Consensus Estimate of $1.20. This also compared favorably with operating earnings of $1.07 per share recorded in the prior-year quarter. The earnings surprise of 5.8% was bought about by improved results across all its business segments – Solutions, Specialty Property, Health and Employee Benefits.
Total revenue of $2.1 billion was in line with the Zacks Consensus Estimate, but … [visit site to read more] or compare Best Credit Cards and Best CD Rates


O’Reilly Improves, Raises Guidance

Posted: 28 Oct 2010 08:35 AM PDT

O'Reilly Automotive Inc. (NASDAQ:ORLY) recorded a 40% rise in profit to $122.4 million in the third quarter of 2010 from $87.2 million in prior-year quarter. On the basis of earnings per share, the automotive parts retailer topped the Zacks Consensus Estimate of 74 cents by posting a profit of 86 cents, also an improvement from 63 cents in 2009. With this, the company has also beaten its own earnings per share guidance of 69 cents–73 cents for the quarter.
The profits excluded the charge related … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Initial And Continuing Claims Fall

Posted: 28 Oct 2010 08:35 AM PDT

Initial Claims for Unemployment Insurance fell by 21,000 last week to 435,000, the lowest level since July. The four-week moving average of new claims dropped by 5,500 to 453,250, also the lowest level since July.
After peaking in the spring of 2009, claims fell rapidly until the end of the year. In 2010 they have been trapped in a tight "trading range" as is shown in the graph below  (from http://www.calculatedriskblog.com/). 
With this week’s numbers, we are knocking on the door … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Jumps To 8-day High As Fed Easing Fears Weigh

Posted: 28 Oct 2010 08:24 AM PDT

Forex Pros – The pound extended gains against the U.S. dollar on Thursday, jumping to hit an 8-day high as ongoing speculation over a Federal Reserve treasury purchase program weighed on the dollar.

GBP/USD hit 1.5978 during European late afternoon trade, the pair's highest since October 18; the pair subsequently consolidated at 1.5965, soaring 1.24%.

Cable was likely to find support at 1.5690, the low of October 26 and resistance at 1.6106, the high of October 15 and an 8-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cincinnati Trails Estimates

Posted: 28 Oct 2010 08:23 AM PDT

Cincinnati Financial Corp.'s (NASDAQ:CINF) third-quarter net income of 34 cents per share was three cents shy of the Zacks Consensus Estimate of 37 cents. Results were also lower than 59 cents per share earned in the prior-year quarter. Earnings suffered due to a decline in property-casualty insurance results.
Total revenues increased 6% year over year to $1.1 billion and also came in higher than the Zacks Consensus Estimate of $0.9 million.
After-tax investment income increased 1% year over year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Colgate-Palmolive Beats Estimate

Posted: 28 Oct 2010 08:23 AM PDT

Colgate-Palmolive Company (NYSE:CL) posted third-quarter earnings of $1.21 per share, outpacing the Zacks Consensus Estimate of $1.19 and prior-year quarter earnings of $1.12.
Global net sales fell 1.5% year over year to $3,943 million as pricing remained flat while unit volume rose 3%, countered by a negative foreign exchange impact of 4.5%. On an organic basis (excluding foreign exchange, acquisitions and divestitures), sales increased 3.0% in the quarter. Global net sales also fell short of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ExxonMobil Tops, Profit Soars

Posted: 28 Oct 2010 08:23 AM PDT

ExxonMobil Corp. (NYSE:XOM) reported better-than-expected third quarter results driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. Notably, this was the first full quarter that includes the natural-gas company XTO Energy.
The world's largest publicly traded oil company posted earnings of $1.44 per share, compared with the Zacks Consensus Estimate of $1.39 and year-earlier earnings of 98 cents.
Total revenue in the quarter increased nearly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ExxonMobil Tops, Profit Soars

Posted: 28 Oct 2010 08:23 AM PDT

ExxonMobil Corp. (NYSE:XOM) reported better-than-expected third quarter results driven by higher commodity price realizations, improved refinery margins and solid chemical contributions. Notably, this was the first full quarter that includes the natural-gas company XTO Energy.
The world's largest publicly traded oil company posted earnings of $1.44 per share, compared with the Zacks Consensus Estimate of $1.39 and year-earlier earnings of 98 cents.
Total revenue in the quarter increased nearly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BOK Financial Tops Estimates

Posted: 28 Oct 2010 08:23 AM PDT

BOK Financial Corporation's (NASDAQ:BOKF) third quarter earnings of $64.3 million or 94 cents per share were well above the Zacks Consensus Estimate of 85 cents. The results also compared favorably with prior quarter earnings of $63.5 million or 93 cents and prior-year quarter earnings of $50.7 million or 75 cents per share. 
Results reflected an increase in fee income and improvement in the credit metrics. However, a drop in net interest revenue and a rise in expenses assets were on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Motorola Back To Seamless Mobility

Posted: 28 Oct 2010 08:23 AM PDT

Motorola Inc. (NYSE:MOT) is finally reaping the benefit of its decision that the company has taken regarding its fragile Mobile Devices once Dr. Sanjay Jha becomes the CEO of this division. Supported by increasing market traction of its 3G Android-based smartphones,Motorola today declared excellent results for the third quarter 2010.
On an adjusted basis, the struggling Mobile Devices division has become profitable in the third quarter much earlier than the company expected, which was fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Ameriprise Beats Substantially

Posted: 28 Oct 2010 08:23 AM PDT

Ameriprise Financial Inc.'s (NYSE:AMP) third quarter 2010 operating earnings of $1.37 per share were substantially ahead of the Zacks Consensus Estimate of $1.07. This also surpassed the prior-year quarter's earnings of $1.04.
Operating results for the quarter exclude realized net investment gains/losses, non-recurring integration costs and impact of new accounting standards adopted in 2010. The results also include the first full quarter performance of the long-term asset management business … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Key ST Resistance At 10725

Posted: 28 Oct 2010 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Dollar: The Downside Prevails

Posted: 28 Oct 2010 08:20 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Serica Energy Spuds Indonesia’s Marindan-1 Well, Picks Up North Sea Production Licence

Posted: 28 Oct 2010 08:20 AM PDT

Oil and gas group Serica Energy (LON:SQZ) this morning reported that the Trident IX jack-up drilling rig had spudded the Marindan-1 well in the southern part of the Kutai production sharing contract, offshore East Kalimantan, Indonesia. The well is targeting five separate multilayer clastic and carbonate reservoirs of late Miocene to early Pliocene age in the interval from 1,400 to 3,500 metres measured depth and will be deviated at a maximum angle of approximately 30 degrees in order to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Hits Fresh 2-day High Amid Fed Easing Uncertainty

Posted: 28 Oct 2010 08:10 AM PDT

Forex Pros – The euro extended gains against the U.S. dollar on Thursday, rising to a fresh 2-day high as speculation over the scale and the potential impact of further U.S. monetary easing weighed on the dollar.

EUR/USD hit 1.3914 during European afternoon trade, the pair's highest since Tuesday; the pair subsequently consolidated at 1.3904, jumping 0.98%.

The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday's high.

The greenback came … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Hits Daily Low As Fed Easing Concerns Weigh

Posted: 28 Oct 2010 08:03 AM PDT

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Thursday, falling to a daily low as continued talk of a Federal Reserve program to kickstart U.S. growth weighed.

USD/CAD hit 1.0232 during European afternoon trade, a daily low; the pair subsequently consolidated at 1.0239, shedding 0.40%.

The pair was likely to find support at 1.0180, the low of October 26 and resistance at 1.0338, Wednesday's high.

The greenback came under pressure following a news report that … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Pares Gains After Initial Jobless Claims Drop

Posted: 28 Oct 2010 07:46 AM PDT

Forex Pros – The Australian dollar pared gains against its U.S. counterpart on Thursday, pulling back from the daily high after official data showed that U.S. initial jobless claims fell last week to their lowest level since July.

AUD/USD retreated from 0.9819, the daily high to hit 0.9774 during European afternoon trade, gaining 0.54%.

The pair was likely to find support at 0.9651, Wednesday's low and resistance at 0.9867, Wednesday's high.

Earlier in the day, the U.S. Department of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Goodyear Hits The Brakes On 3Q Earnings

Posted: 28 Oct 2010 02:43 AM PDT

10/28/10 The Goodyear Tire & Rubber Co. announced Thursday that it swung to a 3Q loss of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: MMM, XOM, DOW

Posted: 28 Oct 2010 07:35 AM PDT

10/28/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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