DailyMarkets.com - Best Rewards Business Credit Card: Chase Ink With Ultimate Rewards – $100 Bonus Cash Back

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• Best Rewards Business Credit Card: Chase Ink With Ultimate Rewards – $100 Bonus Cash Back
• When A Record Crop May Not Be Enough!
• Tower Gains On Higher Revenues
• Jump In Interest Rates And US Dollar: How To Play These Moves
• Forex Update: Has AUD/NZD Started A Downtrend?
• Strong Quarter For Merge
• Qiagen Beats But Cuts Rev Guidance
• Stock Market News Briefs: Advance Auto Parts Inc, Boeing Company, Goldman Sachs Group, Las Vegas Sands Corp., Rackspace Hosting, Inc, Tyco International, Ltd., UBS AG, Google
• Plant Health Care Signs Research Agreement With Syngenta
• Palm Oil Giant Wilmar Releases Disappointing 3Q Results
• Swiss Franc: Under Pressure
• Japanese Yen: Capped By A Negative Trend Line
• British Pound: Capped By A Negative Trend Line
• Euro: Under Pressure
• Protecting Toads To Keep Private Land Private
• Earnings Scorecard: Simon Property
• Jobless Claims (4-Week Avg.) Fall To Two-Year Low
• Highly Paid Federal Workers Making $150,000 Or More Increases More Than 10 Times In Just 5 Years
• Ambac Seeks Bankruptcy Protection
• Par Pharma Tops Zacks Estimates
• CB&I Gets Abu Dhabi Contract
• Atmel Reports Solid Quarter
• UDR Reports In Line
• URS Matches EPS Est. On Lower Sales
• Earnings Preview: CIG
• How High Gold Can Go, And How To Play It
• Forex – USD/CHF Hits 5-day High As U.S. Jobs Data Eyed
• Forex – GBD/USD Hits Fresh Daily High After BoE Inflation Report
• Van Eck Granted Exemptive Relief, JP Morgan Removes Derivatives
• Forex – Dollar Mixed Vs. Rivals Ahead Of Key U.S. Economic Data
• Looking Inside “The Great Recession”
• BoE Says U.K. Recovery To Continue; Inflation To Remain Above Target Through 2011

Best Rewards Business Credit Card: Chase Ink With Ultimate Rewards – $100 Bonus Cash Back Posted: 10 Nov 2010 07:35 AM PST Before you apply up for this card, read this! If you are a small business owner who puts your business expenses on your personal credit card, you might want to consider getting a business credit card as there are several disadvantages of putting business expenses on your personal credit card. A business credit card can let you earn cash back and rewards on virtually all your business expenses, without charging any annual fee. One such card is the Ink with Ultimate Rewards – $100 Bonus Cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates

When A Record Crop May Not Be Enough! Posted: 10 Nov 2010 07:18 AM PST Fundamentals Soybean traders got a bullish surprise yesterday morning, when the USDA, in its November crop report, shockingly lowered U.S. Soybean yields to 43.9 bushels per acre, down 0.5 bushels per acre from the October estimate. Most traders were expecting a slight increase in yields due to nearly ideal growing conditions this year. The lower average yield estimate caused the USDA to revise downward its estimate for this year’s Soybean crop to 3.375 billion bushels, vs. 3.408 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Tower Gains On Higher Revenues Posted: 10 Nov 2010 07:05 AM PST Tower Group Inc.’s (NASDAQ:TWGP) third quarter operating income of 77 cents per share was a couple of pennies ahead of the Zacks Consensus Estimate of 75 cents. Earnings fell below management's guidance range of 75 to 80 cents. Results were aided by a steep rise in premiums written related to recent acquisitions. Tower had earned 74 cents during the same period last year. Revenue of $423.7 million was way ahead of the Zacks Consensus Estimate of $354 million. On a year-over-year basis, revenues … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jump In Interest Rates And US Dollar: How To Play These Moves Posted: 10 Nov 2010 06:50 AM PST The yield on the thirty-year Treasury bond closed at 4.25% up 11 basis points reaching the highest level since June. Equally the bond fell 2.2% in price to compensate for the rise in yield. I wrote in my notes on Monday that yields would set the tone for the market direction along with gold and the dollar this week. Yesterday all three showed their respective influence on both the equity and bond market. The chart below of  TLT, iShares 20+ Year Treasury Bond ETF (TLT) shows the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Update: Has AUD/NZD Started A Downtrend? Posted: 10 Nov 2010 06:40 AM PST Ahead of the Euro session, the AUD/NZD is setting up for an interesting interpretation. The NZD has been strong, causing topping action in AUD/NZD. As noted earlier on FXTimes, the Aussie has been dominating across the board, but has started to show some weakness to the Kiwi. Thus the AUD/NZD is suspected to be in an intermediate downtrend. Price action in the Euro session could provide us major clues on whether the AUD/NZD started a downtrend. AUD/NZD Daily: The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strong Quarter For Merge Posted: 10 Nov 2010 06:35 AM PST Merge Healthcare (NASDAQ:MRGE) reported net loss per share of 6 cents in the third quarter of fiscal 2010 compared with loss of 2 cents in the year-ago period. However, after adjusting for certain items, the company reported an EPS of 4 cents, surpassing both the Zacks Consensus Estimate and the prior-year quarter by 3 cents. Merge reported revenues of $45.2 million, up 167.5% from $16.9 million in the year-ago period. Results for the reported quarter include sales of AMICAS, which was acquired in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qiagen Beats But Cuts Rev Guidance Posted: 10 Nov 2010 06:35 AM PST Qiagen (NASDAQ:QGEN) reported an EPS of 15 cents for the third quarter of fiscal 2010 compared to 18 cents in the year-ago period. However, after making some adjustments and treating stock-based compensation as a normal expense, the EPS came in at 24 cents, beating the Zacks Consensus Estimate by a penny. Adjusted EPS of the prior-year quarter was 25 cents. Although adjusted net income of $56.8 million during the reported quarter is higher than the previous quarter's $51.9 million, EPS declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Advance Auto Parts Inc, Boeing Company, Goldman Sachs Group, Las Vegas Sands Corp., Rackspace Hosting, Inc, Tyco International, Ltd., UBS AG, Google Posted: 10 Nov 2010 06:35 AM PST   ·         Google (NASDAQ:GOOG) decided to raise salaries 10% for its 23,000 odd employees   ·         UBS (NYSE:UBS) downgraded Las Vegas Sands (NYSE:LVS) from Buy to Neutral   ·         Goldman Sachs (NYSE:GS) reiterated its Positive rating for Rackspace (NYSE:RAX) and raised its price target from $25  to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plant Health Care Signs Research Agreement With Syngenta Posted: 10 Nov 2010 06:29 AM PST Plant Health Care (LON:PHC) , the group that develops naturally derived crop nutrients for the agriculture and landscape industries, has signed a research agreement with Syngenta Crop Protection, Inc. (NYSE:SYT), to evaluate and possibly develop Plant Health Care’s Harpin protein as a foliar spray in combination with a number of Syngenta's major products. In trials, Harpin has been shown to significantly increase yields on a variety of crops when applied in combination with other … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Palm Oil Giant Wilmar Releases Disappointing 3Q Results Posted: 10 Nov 2010 06:19 AM PST SGX : Wilmar International Limited (F34.SI) has just released their disappointing 3Q results today. Below are some of the key figures: Revenue : US$7,764 mil (+23% vs 3Q09) Net Profit : US$259 mil (-60% vs 3Q09) Diluted EPS : US 3.9 cents (-57% vs 3Q09) Revenue was up 23% on increased sales volume and higher commodities prices. There is strong volume increase for Oilseeds & Grains and Consumer Products. Palm & Laurics, however, had a slight decline. Net profit was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure Posted: 10 Nov 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Capped By A Negative Trend Line Posted: 10 Nov 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Capped By A Negative Trend Line Posted: 10 Nov 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Under Pressure Posted: 10 Nov 2010 06:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Protecting Toads To Keep Private Land Private Posted: 10 Nov 2010 06:10 AM PST NPR — “A small environmental miracle has occurred in Beatty, Nev., a former mining town that sits on the eastern edge of Death Valley between Jackass Flats and Sober Up Gulch. The people of Beatty have helped revive the Amargosa toad, a warty, speckled, palm-sized creature that’s unique to the area and, just a few years ago, seemed headed for extinction. But this is not your typical story of environmental action — the toad owes its comeback to an unlikely coalition that includes ranchers, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Simon Property Posted: 10 Nov 2010 06:06 AM PST Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported its fiscal 2010 third quarter fund from operations (FFO) of 90 cents per share, which missed the Zacks Consensus Estimate by 2 cents. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. We cover below the results of the recent earnings announcement, subsequent analyst estimate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobless Claims (4-Week Avg.) Fall To Two-Year Low Posted: 10 Nov 2010 06:01 AM PST (Reuters) – “Claims for unemployment benefits fell more than expected and a moving average fell to a two-year low, pointing to some relief in the weak jobs market, a government report showed on Wednesday. Initial claims for state unemployment benefits fell to a seasonally adjusted 435,000 in the week to November 6 from a revised 459,000, the Labor Department said. Analysts were expecting claims to slip to 450,000 from an initially reported 457,000. The four-week moving average of claims, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Highly Paid Federal Workers Making $150,000 Or More Increases More Than 10 Times In Just 5 Years Posted: 10 Nov 2010 05:44 AM PST “The number of federal workers earning $150,000 or more a year has soared tenfold in the past five years and doubled since President Obama took office, a USA TODAY analysis finds (see chart above).  Federal workers earning $150,000 or more make up 3.9% of the workforce, up from 0.4% in 2005. The fast-growing pay of federal employees has captured the attention of fiscally conservative Republicans who won control of the U.S. House of Representatives in last week’s elections. Already, some … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ambac Seeks Bankruptcy Protection Posted: 10 Nov 2010 05:35 AM PST Yesterday, bond insurer Ambac Financial Group Inc. (NYSE:ABK) filed for bankruptcy protection under Chapter 11 Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. Ambac had for the first time announced that it might file for bankruptcy protection if it fails to pull through its cash position way back in November 2009. The company reiterated that warning after Wisconsin took control of some of the company's worst-hit assets in March 2010. Ambac feared … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Par Pharma Tops Zacks Estimates Posted: 10 Nov 2010 05:35 AM PST Par Pharmaceutical Companies Inc. (NYSE:PRX) posted earnings of 86 cents per share during the third quarter of 2010, beating the Zacks Consensus Estimate of 54 cents per share, and the year-ago earnings of 76 cents per share. Before one-time items, earnings for the quarter came in at 82 cents per share, up from the prior-year figure of 79 cents per share. Higher margins helped boost earnings. Revenues Quarterly revenues of $234.4 million surpassed the Zacks Consensus Estimate of $226 million but … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CB&I Gets Abu Dhabi Contract Posted: 10 Nov 2010 05:35 AM PST Chicago Bridge & Iron Company (NYSE:CBI) announced today that it has bagged a contract, worth US$40 million, awarded by Daewoo Engineering and Construction Co. Ltd. for a storage tank project in Abu Dhabi. CB&I will provide and erect various storage tanks for the Mussafah terminal, which is likely to expedite jet fuel distribution to airports in the UAE. Chicago Bridge & Iron Company is a worldwide provider of fully integrated specialty engineering, procurement and construction (EPC) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Atmel Reports Solid Quarter Posted: 10 Nov 2010 05:35 AM PST Atmel Corporation (NASDAQ:ATML) reported a net income of $219.8 million or 47 cents in the third quarter of 2010 compared to a net income of $36.4 million or 8 cents per share in the previous quarter and a net loss of $36 million or 8 cents per share in the year-ago quarter. Excluding one-time items but including stock-based compensation expense, net income came in at 16 cents per share, easily beating the Zacks Consensus Estimate of 12 cents. Revenues came in at $444.3 million in the quarter, up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UDR Reports In Line Posted: 10 Nov 2010 05:35 AM PST UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), reported third quarter 2010 FFO (fund from operations) of $46.9 million or 27 cents per share compared to $28.8 million or 18 cents in the year-earlier quarter. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. The reported FFO per share was in line with the Zacks Consensus Estimate. Excluding certain … [visit site to read more] or compare Best Credit Cards and Best CD Rates

URS Matches EPS Est. On Lower Sales Posted: 10 Nov 2010 05:35 AM PST URS Corp. (NYSE:URS) reported third quarter 2010 earnings per share of 87 cents, which was in line with the Zacks Consensus Estimate. Earnings in the quarter increased 10.1% from 79 cents in the year-ago quarter. Revenue URS Corp. reported revenues of $2.34 billion compared with $2.32 billion in the year-ago quarter. The Zacks Consensus revenue estimate for the quarter was $2.49 billion. The company's results in the quarter were driven by a strong demand for engineering and construction services … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: CIG Posted: 10 Nov 2010 05:06 AM PST Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, is slated to release its third quarter 2010 results on Friday, November 12. The current Zacks Consensus Estimate for the third quarter is 44 cents, representing an annualized decline of 16.04%.    Second Quarter Highlights CEMIG's second quarter earnings per share was R$0.77 (US$0.43 per ADR) compared with R$0.88 (US$0.42 per ADR) in the second quarter of 2009. Earnings per ADR lagged behind the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How High Gold Can Go, And How To Play It Posted: 10 Nov 2010 04:50 AM PST Regular readers of my articles on Gold over the past few years know that I have a theory on this Gold Bull market. In summary, it's that we are in a 13 Fibonacci year uptrend that started in 2001, and now we are in the final 4 years of that uptrend. It is in this last 5 year window that I theorized started in August of 2009 that investors really get involved. As the crowd comes in, prices push higher and higher, and then more and more investors come in and so forth. The very recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits 5-day High As U.S. Jobs Data Eyed Posted: 10 Nov 2010 04:34 AM PST Forex Pros – The U.S. dollar was up against the Swiss franc on Tuesday, rallying to a fresh 5-day high, as investors awaited the release of key U.S. data on initial jobless claims. USD/CHF hit 0.9751 during European afternoon trade, the pair's highest since November 3; the pair subsequently consolidated at 0.9743, gaining 0.63%. The pair was likely to find support at 0.9586, Tuesday's low, and resistance at 0.9823, the high of November 3. Earlier in the day, President of the Federal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBD/USD Hits Fresh Daily High After BoE Inflation Report Posted: 10 Nov 2010 04:16 AM PST Forex Pros – The pound was up against the U.S. dollar on Wednesday, rising to a fresh daily high, following the release of the Bank of England's quarterly inflation report. GBP/USD hit 1.6098 during European afternoon trade, a daily high; the pair subsequently consolidated at 1.6082, gaining 0.61%. Cable was likely to find support at 1.5876, the low of October 29 and resistance at 1.6212, Monday's high. Earlier in the day, the Bank of England said in its quarterly inflation report that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Van Eck Granted Exemptive Relief, JP Morgan Removes Derivatives Posted: 10 Nov 2010 04:00 AM PST Van Eck, the company behind the Market Vectors line of ETFs, has been granted exemptive relief by the SEC for the actively-managed ETFs which the company first filed for in November, 2008. The application to request exemptive relief from the SEC is one of the first steps to launching an Active ETFs in the US. Van Eck had made several amendments to its application since the first filing. Van Eck's application was for two actively-managed ETFs, the first being the Market Vectors – Active … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals Ahead Of Key U.S. Economic Data Posted: 10 Nov 2010 03:53 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, ahead of the release of key U.S. data on initial jobless claims and its trade balance. During European morning trade, the greenback was down against the euro, with EUR/USD easing up 0.05% to hit 1.3781, ahead of a key Portuguese bond auction.   The greenback was also down against the pound, with GBP/USD gaining 0.71% to hit 1.6098. Earlier in the day, the Bank of England said in its quarterly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Looking Inside “The Great Recession” Posted: 10 Nov 2010 03:47 AM PST Economic data is typically released and then reviewed in aggregate fashion. As such, understanding the dynamics at work within our economy is often clouded by the inability to access and analyse 'the trees' as opposed to 'the forest.'  What happens as a result of this reality? Economic programs to address issues are typically crafted while looking through the rear view mirror. Regrettably results generated are often sub-standard and fraught with unintended consequences. How might … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BoE Says U.K. Recovery To Continue; Inflation To Remain Above Target Through 2011 Posted: 10 Nov 2010 03:45 AM PST Fundamental Headlines • Ireland's Fate Tied To Doomed Banks – Wall Street Journal • Commodity Prices Surge – Wall Street Journal • G20 Draws Up Two-Tier Bank Plan – Financial Times •G-20 Unity Born in Crisis Fractures as Leaders Pursue Own Ends – Bloomberg •Recovery to Speed Up as Fed Moves Build Confidence, Survey Says – Bloomberg GBPUSD: In its quarterly inflation report, the Bank of England was unexpectedly hawkish. The BoE said that inflation expectations indicate consumer … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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