Thursday, November 11, 2010

DailyMarkets.com - Can No-limit Credit Cards Affect Your Credit Score Negatively?

DailyMarkets.com - Can No-limit Credit Cards Affect Your Credit Score Negatively?


Can No-limit Credit Cards Affect Your Credit Score Negatively?

Posted: 11 Nov 2010 07:35 AM PST

No-limit credit cards may sound like a good deal, but is it really? American Express (NYSE:AXP) cards typically come without a pre-set credit limit and their cards are usually targeted at affluent people with an excellent credit score.

In case you are considering getting a no-limit credit card or no-limit charge card because you think it would give you more purchasing power or you may have one already and you're wondering, will it affect your credit score?

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


Hewlett-Packard Settles Lawsuit

Posted: 11 Nov 2010 07:05 AM PST

Computing major Hewlett-Packard & Co. (NYSE:HPQ) recently settled a lawsuit related to fraudulent action by its contractors and officials. The Department of Justice (DOJ) and the Federal Communications Commission (FCC) alleged that HP violated competitive bidding rules with the Houston and Dallas school districts to win technology contracts.
Some HP contractors had bribed officials of Dallas public schools to secretly procure information that could help the company win competitive E-rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Viacom Beats Zacks Estimates

Posted: 11 Nov 2010 07:05 AM PST

Viacom Inc. (VIA.B) today declared financial results for the fourth quarter of 2010 with significant year-over-year increase of both top-line and bottom-line. Importantly, worldwide advertising revenue was $1.17 billion, up 7% year over year. Viacom has also decided to sell its Harmonix gaming unit, which developed the Rock Band video game brand.
Fourth quarter of 2010 adjusted net income from continuing operation was $461 million or 75 cents per share compared to a net income of $432 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Post Sharp Losses After The Open; Dow Jones Down 0.95%

Posted: 11 Nov 2010 07:05 AM PST

Forex Pros – U.S. stocks posted sharp losses after the open on Thursday, as shares in technology giant Cisco tumbled, leading markets lower and as markets focused on the 2-day Group of 20 world economic summit, which got underway in Seoul.
 
During early U.S. trade, the Dow Jones Industrial Average declined 0.95%; the S&P 500 index dropped 0.96%, while the Nasdaq Composite index tumbled 1.51%.

In earnings news, shares in the world's largest maker of computer networking equipment … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bloomberg Poll Casts Doubt On Barack And Ben

Posted: 11 Nov 2010 06:51 AM PST

That haze hanging over Washington DC is not the residue of last week's elections, it is the less than sanguine outlook of investors on the policies and programs being put forth by President Barack Obama and our lead central banker, Fed chair Ben Bernanke. How hazy? Well, close to two thirds of those polled recently by Bloomberg are pessimistic about Barack's policies and how they affect the investment climate in the United States. More than three quarters of those … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Vornado Realty

Posted: 11 Nov 2010 06:35 AM PST

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported recurring funds from operations (FFO) of $1.22 per share for  fiscal 2010 third quarter, which exceeded 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.
Below, we cover the results of the recent earnings announcement, as well as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cosan Tops On Higher Revenues

Posted: 11 Nov 2010 06:35 AM PST

Cosan Limited's (NYSE:CZZ) net earnings in the second quarter of 2011 were US$76.7 million, up 20% year over year and above $11.9 million of net loss reported in the previous quarter.
The net income improvement was driven by higher revenues due to an increase in volumes sold, higher prices and higher transportation revenue. These were partially offset by an escalation in the company's cost of sales and operating expenses.
Revenue
Considering the top line, net sales (excluding eliminations) in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Aetna, Deutsche Bank AG, Goldman Sachs Group, Halliburton Company, Ingersoll-Rand Company, Jefferies Group, Kohl’s, Pactiv, Viacom, Wal-Mart Stores, Apple, Cisco Systems, Fifth Third Bancorp, Research In Motion Limited

Posted: 11 Nov 2010 06:35 AM PST

 Wal-Mart (NYSE:WMT) said it will offer free shipping on its website through December 20

 Research In Motion (NASDAQ:RIMM) said it will offer its BlackBerry PlayBook tablet computer for less than $500, a move likely to undercut prices for Apple’s (NASDAQ:AAPL) winning iPad

 Cisco (NASDAQ:CSCO) was downgraded by Deutsche Bank (NYSE:DB) to "hold" from “buy,” with the price target lowered from $28 to $22

 Goldman Sachs (NYSE:GS) held onto its “neutral” rating, but cut the price target to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Under Pressure

Posted: 11 Nov 2010 06:18 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: 11 Nov 2010 06:18 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: 11 Nov 2010 06:18 AM PST

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


Euro: Caution

Posted: 11 Nov 2010 06:18 AM PST

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


Forex – EUR/GBP Tumbles To 6-week Low As Euro Zone Fears Weigh

Posted: 11 Nov 2010 06:14 AM PST

Forex Pros – The euro was down against the pound for the sixth consecutive day on Thursday, tumbling to a 6-week low, as ongoing fears over sovereign debt problems in peripheral euro zone nations weighed on the single currency.

EUR/GBP hit 0.8482 during European afternoon trade, the pair's lowest since September 28; the pair subsequently consolidated at 0.8493, falling 0.66%.

The pair was likely to find support at 0.8388, the low of September 21 and resistance at 0.8637, Wednesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nippon Upgraded To Outperform

Posted: 11 Nov 2010 06:05 AM PST

We upgrade our recommendation for Nippon Telegraph & Telephone Corp. (NYSE:NTT)  to Outperform following its second quarter of fiscal 2010 financial results that exceeded the company's own guidance. The company’s fiscal year ends on March 31, 2011. Despite facing intense pricing pressure from smaller telecom service providers and having a leveraged balance sheet, we believe Nippon will improve its performance in the future due to its continuous efforts to provide upgraded products with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Energy Transfer Results Disappoint

Posted: 11 Nov 2010 06:05 AM PST

Energy Transfer Partners L.P. (ETP ) , a master limited partnership ("MLP"), announced disappointing third quarter results, pulled down by a weakness in its 'Intrastate' segment on the back of a pipeline outage, partially offset by robust propane margins.
The pipeline operator’s earnings per unit came in at 5 cents, well below the Zacks Consensus Estimate of 21 cents, while revenues of $1.3 billion missed our projection by 15.1%.
However, compared to the year-ago period, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Rebounds From 7-month Low As G-20 Kicks Off

Posted: 11 Nov 2010 05:38 AM PST

Forex Pros – The U.S. dollar erased losses against its Canadian counterpart on Thursday, rebounding from a 7-month low, as markets shifted focus to the 2-day Group of 20 world economic summit, which got underway in Seoul.

USD/CAD rebounded from 0.9977 during European afternoon trade, the pair's lowest since April 26; the pair subsequently consolidated at 1.0025, gaining 0.15%.

The pair was likely to find support at 0.9929, the low of April 21, and resistance at 1.0109, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GE To Invest $500 Million In Brazil

Posted: 11 Nov 2010 05:36 AM PST

General Electric Company (NYSE:GE) announced plans to put in more than $500 million into its Brazilian operations.
GE announced that it will focus on areas including oil, gas, renewable energy, mining and transportation. The company also plans to build a $100 million R&D center in Rio de Janeiro by late 2012, creating 200 jobs for researchers and engineers.
The remaining $400 million, which will be utilized to create 1,000 new jobs, will be used to increase the capacity of its factories in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Concur Slips In Fourth Quarter

Posted: 11 Nov 2010 05:20 AM PST

Concur Technologies Inc.’s (NASDAQ:CNQR) revenues for the fourth quarter of 2010 reached an all-time high at $77.5 million, up 20% year over year. Net income in the quarter was $3.5 million, or 6 cents per share, compared with the Zacks Consensus Estimate of 12 cents. The company’s revenue surpassed the Zacks Consensus Estimate of $77 million. The growth in revenues was driven in part by faster-than-expected deployments of new customers and, in part, by stronger-than-expected transactional volume. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Retreats From 2-day High As Risk Aversion Sharpens

Posted: 11 Nov 2010 05:15 AM PST

Forex Pros – The New Zealand dollar was down against its U.S. counterpart on Thursday, retreating from a 2-day high, amid sharpened risk aversion as the 2-day Group of 20 world economic summit got underway in Seoul.

NZD/USD retreated from 0.7872 during European afternoon trade, the pair's highest since November 9; the pair subsequently consolidated at 0.7825, shedding 0.04%.

The pair was likely to find support at 0.7736, Wednesday's low, and resistance at 0.7937, the high of November … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vivo Beats On Solid Data Revenue

Posted: 11 Nov 2010 05:07 AM PST

Vivo Participacoes (NYSE:VIV), the largest wireless operator in Brazil, reported third quarter earnings per ADS of 86 cents, surpassing the Zacks Consensus Estimate of 61 cents. Net income jumped 80.9% year over year to R$601.8 million ($345.3 million) on the back of higher revenues.
Consolidated EBITDA increased 10.1% year over year to R$1.54 billion ($883 million), driven by continued growth in service revenues, especially data revenue, as well as efficient subsidy and sales commission … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Activision Beats, Raises Outlook

Posted: 11 Nov 2010 05:07 AM PST

Activision Blizzard Inc. (NASDAQ:ATVI) reported strong third quarter 2010 results, beating the Zacks Consensus Estimate by 3 cents.
Earnings, including stock based compensation and excluding one-time items, were 10 cents per share, up from 2 cents reported in the prior-year quarter. This was well above Activision's earnings guidance of 8 cents per share. The year-over-year growth was primarily driven by a robust revenue growth and operating margin expansion.
Revenue
Revenues on a non-GAAP basis … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold, Silver, Platinum, Copper, Uranium: Mining ETFs To Consider For Your Portfolio

Posted: 11 Nov 2010 04:59 AM PST

Do you like to dig? I have to admit, it's not my favorite thing. But if I knew there was gold in the ground I might think differently.

In fact, there is gold in the ground — and plenty of other valuable minerals, too. The hardest part is finding it. However, the digging gets a lot easier when you know where to aim.

Exchange-traded funds are a great way to guide your shovel toward profits in the mining sector. Today I'll tell you why. I'll also name several ETFs to consider if … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Google’s Records Seized In Japan Over Leaked Diaoyu/Senkaku Sino-Japanese Boat Clash Videos

Posted: 11 Nov 2010 04:52 AM PST

The video of the infamous collision between Japanese coastguard vessel and a Chinese fishing boat off the disputed Diaoyu or Senkaku Islands in September was recently leaked and surfaced on YouTube (below).

From the YouTube video, the Chinese fishing boat–Minjinyu 5179–collided twice with Japanese coast guard ships Yonakuni, and another collision with patrol boat the Mizuki. The whole footage was 44-minute long, and only the actual collision part is posted here.

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


Forex – AUD/USD Declines After Downbeat Australian Employment Data

Posted: 11 Nov 2010 04:50 AM PST

Forex Pros – The Australian dollar was down against its U.S. counterpart on Thursday, falling to hit a fresh daily low, after official data showed Australia's unemployment rate rose unexpectedly.

AUD/USD hit 0.9988 during European afternoon trade, a daily low; the pair subsequently consolidated at 1.0010, shedding 0.41%.

The pair was likely to find support at 0.9891, the low of November 3, and resistance at 1.0133, the high of November 9.

Earlier in the day, the Australian Bureau of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Five More States Report Improvements In October

Posted: 11 Nov 2010 04:48 AM PST

1. Georgia’s economy continued to show signs of improvement as state tax collections rose in October, the fifth straight month they have climbed.  Tax collections for the month are up 8.2 percent from the same month a year before, an increase of almost $93 million. Individual income tax collections — considered an important economic indicator — rose 4.1 percent. Sales tax collections jumped 7.4 percent. Corporate income taxes dipped 10.5 percent. Motor fuel taxes increased 14.1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DATATRAK (DATA) Delivers A Solid Quarter

Posted: 11 Nov 2010 04:27 AM PST

Written by Ken Nagy, CFA

DATATRAK International, Inc. (NASDAQ:DATA) is a global technology and services company delivering electronic clinical (eClinical) solutions to support clinical research. Its software suite and service offerings are used to collect, review, report, store and submit to regulatory agencies clinical trial data electronically. While the competition uses an integrated heterogeneous solution (information silos), DATATRAK uses a unified system. The result is seamless communication, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


This posting includes an audio/video/photo media file: Download Now

Forex – EUR/USD Hits Daily Low Amid Ongoing Euro Zone Concerns

Posted: 11 Nov 2010 04:18 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Thursday, falling to hit a fresh daily low, amid ongoing concerns over sovereign debt problems in peripheral euro zone nations.

EUR/USD hit 1.3701 during European afternoon trade, a daily low; the pair subsequently consolidated at 1.3705, falling 0.56%.

The pair was likely to find support at 1.3636, the low of October 5, and resistance at 1.3973, the high of November 9.

Earlier in the day, official data showed that Greece's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Do Active ETFs Need More Effective Promotion?

Posted: 11 Nov 2010 04:00 AM PST

When asked why actively-managed ETFs haven't taken off as successfully as most people expected, many issuers point to the need for education. It took investors more than a decade to get comfortable with index ETFs and trust them enough to use them as frequently as they do today. And even then many feel awareness about index ETFs has a long way to go. Active ETFs in comparison will only be celebrating their 3rd anniversary in the US in a few months time. So in comparison, it's no surprise … [visit site to read more] or compare Best Credit Cards and Best CD Rates


ECB Forecasters See 2010 GDP And Inflation At 1.5% And 1.6% Respectively

Posted: 11 Nov 2010 03:45 AM PST

        

Fundamental Headlines
• G-20 Nears Pact; Tensions Remain– Wall Street Journal
• U.S. South Korea Extend Trade Talks– Wall Street Journal
• U.S. Deficit Plan Looks To Cut $4,000 Billion – Financial Times
•Obama Presses Hu On Yuan As Trade Imbalances Divide G-20 – Bloomberg
•Fed Easing Seen Ineffective By 75 Percent In Global Poll Favoring ECB – Bloomberg
EURUSD: The economic docket during the European trade was fairly light as the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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