Wednesday, November 17, 2010

DailyMarkets.com - Stock Picks For Thursday: ReneSola, THQ, Motorola, Cell Therapeutics

DailyMarkets.com - Stock Picks For Thursday: ReneSola, THQ, Motorola, Cell Therapeutics


Stock Picks For Thursday: ReneSola, THQ, Motorola, Cell Therapeutics

Posted: 17 Nov 2010 05:06 PM PST

( click to enlarge )
It looks like ReneSola Ltd. (ADR) (NYSE:SOL) is in a free-fall mode with the first barely visible level of support at $7.85 ( 200-day moving average ). There is the old adage of never catch a falling knife, so I’m remaining cautious.  In other words, the area around $8.40 and $7.90 are strong supports from where a reversal is possible. If it breaks $7.85, the stock is doomed. Not a pretty picture. Long positions must be avoided.

( click to enlarge )
THQ Inc. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Inventory Watch: Inventories Plunge As Imports Fall To 13-Year Lows

Posted: 17 Nov 2010 04:51 PM PST

Inventories
The Department of Energy reported that in the week ending November 12, 2010, U.S. crude oil inventories decreased by 7.3 million barrels, gasoline inventories decreased by 2.7 million barrels, distillate inventories decreased by 1.1 million barrels, and total petroleum inventories decreased by 9.1 million barrels.

The total petroleum surplus continued to plunge for a third week to reach 72 million, or 7%, above the 5-year average, the lowest level since the week ending July … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Cleveland Fed Median CPI: No Inflationary Pressure

Posted: 17 Nov 2010 04:42 PM PST

According to the Cleveland Fed’s report today, its median CPI measure of prices increased by only 0.50% in October over the same month last year, the same as the year-over-year rate for each of the last three months (August – October).  October marked the 26th consecutive month  that the median CPI annual inflation rate dropped or stayed the same, and the 0.50% inflation rate in six out of the last seven months is the lowest year-to-year inflation rate in the history of the Cleveland … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – AUD/USD Up During The Asian Session

Posted: 17 Nov 2010 04:30 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday.

AUD/USD was trading at 0.9815, up 0.18% at time of writing.

The pair was likely to find support at 0.9726, Tuesday's low, and resistance at 0.9920, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.02% to hit 1.3813 and AUD/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: GM IPO, US Jobless Claims

Posted: 17 Nov 2010 04:00 PM PST

11/18/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PG&E Corporation Issues Notes

Posted: 17 Nov 2010 03:35 PM PST

On Thursday, Reuters reported that one of the largest combined natural gas and electric utilities in the U.S. PG&E Corporation (NYSE:PCG) has issued fixed interest notes. This initiative is in line with its debt restructuring strategies. Merrill Lynch, a part of Bank of America Corporation (NYSE:BAC), UBS AG (NYSE:UBS) and Wells Fargo & Company (NYSE:WFC) were the joint book-running managers for the issue.
Accordingly, PG&E reportedly vended off senior unsecured notes worth $500 million in two … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Questar Upgraded To Neutral

Posted: 17 Nov 2010 03:35 PM PST

We are upgrading our rating on Questar Corporation (NYSE:STR) to Neutral from Underperform, following an impressive third quarter performance and upbeat outlook for the full year 2010. The company's healthy results reflect a superb operational execution by the business units and lower interest expense.
Questar, post the QEP Resources (QEP) spin-off, has emerged as a sorely natural gas-operated energy company, with an exclusive focus on exploring natural gas resources and serving customers … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down On Economic Data

Posted: 17 Nov 2010 03:30 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on PPI Input.

NZD/USD was trading at 0.7702, down 0.01% at time of writing.

The pair was likely to find support at 0.7632, today's low, and resistance at 0.7812, Friday's high.

Earlier in the day, official data showed that New Zealand's producer price inflation input rose more-than-expected to a seasonally adjusted 0.70% in the last quarter from 1.40% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three ETFs Influenced By Fed’s Stress Tests

Posted: 17 Nov 2010 03:17 PM PST

In an attempt to ensure that US financial institutions are financially stable, the Federal Reserve recently announced a new round of stress tests, influencing the Financial Select Sector SPDR Fund (XLF), the iShares Dow Jones US Financial Sector Index Fund (IYF) and the Vanguard Financials ETF (VFH).
These tests are expected to prove a financial institutions ability to withstand another economic recession, in that they would illustrate enough capital reserves to absorb potential losses … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Triumph Bangkok Wins Contract

Posted: 17 Nov 2010 03:05 PM PST

A subsidiary of Triumph Group, Inc. (NYSE:TGI), Triumph Aviation Services Asia, Ltd., in Bangkok, has won a three-year contract from The Boeing Company (NYSE:BA) to provide maintenance, repair and overhaul services for the CFM56-7 engine thrust reversers on the Boeing Next-Generation 737 aircraft. Triumph will also act as a maintenance, Repair and Overhaul supplier for Boeing Quality approval.
Triumph is benefiting from Boeing's strategy of looking for alternatives to its in-house manufacturing and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Baptist Health Care Taps NextGen

Posted: 17 Nov 2010 02:35 PM PST

Quality Systems' (NASDAQ:QSII) wholly-owned subsidiary NextGen Healthcare has inked a pact with Baptist Health Care, a non-profit healthcare organization serving communities in Florida and Alabama.
Under the collaboration, Baptist Health Care will recommend NextGen products such as the NextGen Ambulatory EHR and NextGen Practice Management to all affiliated physician practices. NextGen's solutions will allow physicians to exchange clinical data between physician offices, hospitals and patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Urban Outfitters To Repurchase Shares

Posted: 17 Nov 2010 02:35 PM PST

Moving ahead with the share repurchase program, Urban Outfitters Inc. (NASDAQ:URBN) announced on Tuesday that it would buy an additional 10 million common shares.
Urban Outfitters received authorization from the board of directors for the share repurchase in addition to the previously authorized 8 million shares.
During the recently concluded third quarter of the year the company had bought back 4,273,267 shares at $31.06 per share, aggregating to $133 million.
At the end of the quarter or as on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Wrong, Again

Posted: 17 Nov 2010 02:25 PM PST

Unlike many commentators, I’m not afraid to admit I’ve been wrong. Indeed, I’ve missed the mark so many times in my life that I’ve lost count. That is especially true when it comes to the financial markets, where I’ve had my fair share of bad — occasionally horrendous — calls. These days, as a matter of fact, I usually start off by saying that “I could be wrong, but” when people ask me what I think about the future course of stock prices, the economy, etc.
With that in mind, I’m now … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Alere Introduces New BNP Test

Posted: 17 Nov 2010 02:05 PM PST

Alere Inc. (ALR) recently launched the first fingerstick BNP (b-type natriuretic peptide) test, which is designed to be used to diagnose and assess the severity of heart failure patients. The compact BNP analyzer facilitates lab accurate tests within 15 minutes of drawing of capillary blood sample. Thus, medical practitioners will receive rapid point of care BNP results that will aid their decision making.
The company has intended the new Alere Heart Check System to help in the diagnosis of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Regis Upgraded To Neutral

Posted: 17 Nov 2010 02:05 PM PST

We are upgrading our rating on Regis Corporation (NYSE:RGS), the largest hair salon chain in the world, from Underperform to Neutral.
The rating upgrade is based on first quarter 2011 earnings, which were in line with the Zacks Consensus Estimate. Results reflect the benefits of cost-containment measures and improved customer traffic. Additionally, the company has a proven track record of growth through both acquisitions, as well as new salon construction.
Moreover, we expect Regis to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Up At The End Of U.S. Session

Posted: 17 Nov 2010 01:55 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Housing Starts.

EUR/USD was trading at 1.3531, up 0.29% at time of writing.

The pair was likely to find support at 1.3448, Tuesday's low, and resistance at 1.3776, Friday's high.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.52M last month, from 0.59M in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Medtronic Acquires Osteotech

Posted: 17 Nov 2010 01:35 PM PST

Recently, Medtronic (NYSE:MDT) completed the acquisition of Osteotech for $123 million, thereby further strengthening its biologics portfolio. Osteotech develops biologic products consisting of MagniFuse bone grafts and Plexur biocomposites, which are used for musculoskeletal surgeries.
The company is awaiting clearance from the US Food and Drug Administration (FDA) for its human collagen technology platform. The acquisition should expand Medtronic's biologics bone healing portfolio. The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AMB Renews Credit Facility

Posted: 17 Nov 2010 01:35 PM PST

AMB Property Corp. (NYSE:AMB), a leading real estate investment trust (REIT), has recently renewed its unsecured revolving credit facility to strengthen its liquidity. The new facility increases its borrowing capacity from $550 million to $600 million, and extends the maturity of the same to May 2014 (including a one-year extension option).
The four-year credit facility also contains an accordion feature which allows AMB to increase the credit amount up to $800 million. In addition, the revolving … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Closing Bell Market Monitor: TGT, F

Posted: 17 Nov 2010 01:29 PM PST

11/17/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 4:00 pm EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 17 Nov 2010 01:20 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core CPI.

USD/JPY was trading at 83.24, down 0.07% at time of writing.

The pair was likely to find support at 81.66, Friday's low, and resistance at 83.59, Tuesday's high.

Earlier in the day, official data showed that core consumer price inflation in the U.S. remained unchanged unexpectedly at a seasonally adjusted 0.00% last month from 0.00% in the preceding month.

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


U.S. Markets Mixed At Close; Dow Jones Down 0.14%

Posted: 17 Nov 2010 01:10 PM PST

Forex Pros – U.S. stocks were mixed after the closing bell on Wednesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.14%, the S&P 500 index gained 0.02%, while the Nasdaq 100 index climbed 0.30%.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.52M last month, from 0.59M in the preceding month whose figure was revised down from 0.61M.

Analysts had expected the number of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nash Finch Beats Zacks Estimates

Posted: 17 Nov 2010 01:05 PM PST

Nash Finch Company (NASDAQ:NAFC) reported third-quarter 2010 earnings (excluding one-time items) of $1.08 per share, easily beating the Zacks Consensus Estimate of 64 cents by 44 cents. However, earnings were flat year-over-year. Net income from continuing operations of Nash Finch plunged to $15.3 million from $21.9 million in the prior-year quarter.
Quarterly Details
Total sales of Nash Finch for the third quarter 2010 were $1.51 billion, down 7.5% from $1.63 billion in the prior-year quarter. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Unitholders OK BPL-BGH Merger

Posted: 17 Nov 2010 01:05 PM PST

The proposed merger between Buckeye Partners L.P. (NYSE:BPL) and Buckeye GP Holdings L.P. (NYSE:BGH), which was announced in June 2010, received a nod from unitholders of both the partnerships in a special meeting.
In the meeting, a total of 59.3% (about 30.6 million units) of Buckeye Partners' units outstanding and 83.2% (about 23.5 million units) of Buckeye GP common and management units outstanding, eligible to vote, cast their votes for the merger. Of the total votes cast, nearly 96.2% and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


11/17 FX Options Report

Posted: 17 Nov 2010 12:41 PM PST

The USD traded lower against the majors, amidst ongoing concerns about a potential bailout of Ireland and possible monetary policy tightening in … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earnings Scorecard: Public Storage

Posted: 17 Nov 2010 12:35 PM PST

Public Storage (NYSE:PSA), a leading real estate investment trust (REIT) operating self-storage facilities, reported third quarter 2010 recurring FFO (funds from operations) of $1.35 per share, which missed the Zacks Consensus Estimate by 3 cents.
Funds 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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Xcel Energy Unit Issues Debt

Posted: 17 Nov 2010 12:35 PM PST

Electricity and natural gas company Xcel Energy Inc. (NYSE:XEL) announced that its unit Public Service Company of Colorado issued 3.2% first mortgage bonds worth $400 million due November 15, 2010.
The unit of Xcel Energy will add the proceeds to its general fund and utilize it to fund a fraction of the purchase price of $739 million, which will be needed to acquire 652 megawatt (MW) Rocky Mountain Energy Center and the 310 MW Blue Spruce Energy Center natural gas generation assets.
Previously, on … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Northrop Wins NASA Contract

Posted: 17 Nov 2010 12:35 PM PST

Defense contractor, Northrop Grumman Corporation (NYSE:NOC) has been awarded a NASA contract to build Modular Space Vehicles (MSV) for the Department of Defense (DoD). Northrop is among the five contractors selected by NASA for the DoD’s Operationally Responsive Space (ORS) program, a five-year contract.
NASA’s Ames Research Center, Moffett Field, California, is the contracting agent for the Department of Defense.
Under the terms of the contract, Northrop Grumman has initial task orders worth $46 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vicor Technologies (VCRT) Third Quarter Results

Posted: 17 Nov 2010 12:35 PM PST

Brian Marckx, CFA
Vicor Technologies Inc (VCRT) reported earnings for the third quarter on November 12, 2010.  Revenue of $14k was below our $54.3k estimate and while the source (product placements versus testing revenue) of revenue was not disclosed, based on the 93% gross margin, we believe all of it was related to testing.   EPS of ($0.03) was better than our ($0.05) estimate due to a $1.14 million gain related to the marking-to-market of embedded derivatives in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up On U.S. Data

Posted: 17 Nov 2010 12:25 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on CPI.

USD/CAD was trading at 1.0239, up 0.15% at time of writing.

The pair was likely to find support at 1.0028, Friday's low, and resistance at 1.0258, today's high.

Earlier in the day, official data showed that consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.20% last month, from 0.10% in the preceding month.

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


Risk Appetite Strong On Weak Economic Data

Posted: 17 Nov 2010 07:22 AM PST

11/17/10 Weak US economic data led the way for another rise in risk appetite this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Weak Dollar Could Boost Oil ETFs

Posted: 17 Nov 2010 12:17 PM PST

As commodities like cotton, wheat and copper have witnessed price surges this year, the actions and decisions of the Federal Reserve combined with sustainable global demand could boost crude oil providing positive price support to the United States Oil Fund (USO), the United States 12 Month Oil Fund (USL), the PowerShares DB Oil Fund (DBO) and the iPath S&P GSCI Crude Oil TR Index ETN (OIL).
The Federal Reserve's decision to infiltrate the US economy with extra dollars through its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


2 Milestones In Mexico’s Futile Drug War: 10,000 Deaths This Year, And 1st Drug War Refugee Camp

Posted: 17 Nov 2010 12:12 PM PST

1.The death toll from Mexico’s drug war passed the 10,000 mark in early November, reaching 10,035 killed since the start of the year.  At that pace (1,000 per month), there will be around 12,000 deaths in 2010 from the War on Drugs (including so far this year 52 soldiers, 637 police officers, 276 minors, 326 decapitated victims, almost 800 victims who were tortured before being executed, etc.), which could more accurately be called “The War on Innocent Mexican People Because of Insane … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Amdocs Downgraded To Underperform

Posted: 17 Nov 2010 12:05 PM PST

We downgrade our recommendation on Amdocs Limited (NYSE:DOX) to Underperform on the basis of its disappointing financial outlook for the first quarter of fiscal 2011. Profitability will suffer as a result of higher expenses for productivity improvement, emerging market sales opportunity, and suspension of program implementation at Clearwire Corp. (NASDAQ:CLWR).
We believe bottom-line shrinkage may continue thereafter as the developed economies are still not out of the woods and emerging market … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Denny’s Enters Fast Casual Services

Posted: 17 Nov 2010 12:05 PM PST

Denny's Corporation (NASDAQ:DENN), one of America's largest full-service family restaurant chains, opened its first Denny's Café on November 12. The new Café marks Denny's first fast-casual restaurant.
Based in Orange, California, the new Café is expected to offer the same family restaurant experience of the traditional Denny's brand in a faster casual format.  Apart from the core traditional menu, the Café will concentrate on “$2 $4 $6 $8″ value offerings.
Denny’s plans to open a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Seen The Viral YouTube Video? Here’s Why Mocking Bernanke Is Bad For America

Posted: 17 Nov 2010 11:50 AM PST

Ben Bernanke is emerging as a high-profile scapegoat as critics ridicule his new “quantitative easing” policy. Charlie Gasparino on why mocking the non-partisan Fed chair is bad for America.

Here’s how you know Ben Bernanke, the mild-mannered chairman of the Federal Reserve, a scholar of the Great Depression once considered a sage for saving the banking system during the 2008 bank meltdown, has suddenly found himself a target of ridicule lumped in with the financial morons and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Down During The U.S. Session

Posted: 17 Nov 2010 11:45 AM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday after the release of U.S. data on Housing Starts.

USD/CHF was trading at 0.9913, down 0.46% at time of writing.

The pair was likely to find support at 0.9724, Friday's low, and resistance at 0.9976, today's high.

Earlier in the day, official data showed that the number of housing starts in the U.S. fell more-than-expected to a seasonally adjusted 0.52M last month, from 0.59M in the preceding month whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates


How Far Can Stocks Fall: A Look At The Downside Risks

Posted: 17 Nov 2010 11:40 AM PST

With the financial markets facing uncertainty about the balance sheets of banks and governments in Ireland, Spain, and Portugal, continued weakness in stocks, commodities, and precious metals remains a possibility. From a risk management standpoint, it is important for us to understand the possible downside risks in the short-to-intermediate-term. Since risk assets (stocks, commodities, precious metals) have been primarily driven by liquidity, their correlations have been strong since … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“Consolidation Not Heartening…look At Broader Macro Concepts”

Posted: 17 Nov 2010 11:38 AM PST

11/17/10 Raven Securities’ Maier Tarlow discusses the latest price action in US equities, and short-term fundamentals that will affect the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


RadioShack Downgraded To Neutral

Posted: 17 Nov 2010 11:35 AM PST

We downgrade our recommendation on RadioShack Corp. (NYSE:RSH) to Neutral. Major near-term concern for RadioShack is the significant decline in its gross margin. In the third quarter of 2010, gross margin was 45.4% compared to 47.6% in the prior-year quarter and 47.5% in the previous quarter.
Management cited the precipitous decline of the electronics accessories business and an unfavorable product-bias towards low-margin mobile handsets as the primary reasons for this poor margin. Importantly, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


LabCorp Raises Funds

Posted: 17 Nov 2010 11:35 AM PST

Laboratory Corporation of America Holdings (NYSE:LH) raised $925 million of senior notes in two installments – 3.125% notes amounting to $325 million due 2016 and 4.625% notes amounting to $600 million due 2020. The company will use the proceeds of this offer to partly fund the acquisition of Genzyme Genetics, a unit of Genzyme Corporation (NASDAQ:GENZ) and other corporate functions.
With the decision to acquire Genzyme Genetics for $925 million during the third quarter of fiscal 2010, LabCorp … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Foreclosure Mess Nearing End?

Posted: 17 Nov 2010 11:05 AM PST

U.S. bank regulators and a task force of Attorneys General (AGs) of all 50 states of the nation are gearing up to settle the foreclosure issue at large financial institutions early next year, CNBC reported on Tuesday. This would undoubtedly lessen the looming threat on housing recovery.
But the aftermath of faulty paperwork might still make it difficult for lenders to find home buyers in the years to come. The foreclosure mess would probably cast a long shadow on U.S. housing.
The Proposed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Comerica Doubles Div, Declares Buyback

Posted: 17 Nov 2010 11:05 AM PST

Comerica Inc. (NYSE:CMA) is boosting investors' confidence by doubling its dividend and announcing a share repurchase authorization. The dividend, which increased to 10 cents from 5 cents paid in the prior quarter, is payable on January 1, 2011, to common shareholders of record December 15, 2010. 
The board of directors of Comerica also authorized a share repurchase of 12.6 million or around 7% of the outstanding common stock as of September 30, 2010. In addition, the board has authorized … [visit site to read more] or compare Best Credit Cards and Best CD Rates


FDA Panel Backs HGSI’s Benlysta

Posted: 17 Nov 2010 11:05 AM PST

Human Genome Sciences Inc. (NASDAQ:HGSI) received a huge boost when its potential blockbuster candidate Benlysta received a positive recommendation from an advisory panel of the US Food and Drug Administration (FDA). The Arthritis Advisory Committee voted 13-2 in favor of approving Benlysta for the treatment of patients suffering from systemic lupus erythematosus (SLE).
In addition to asking the panel to discuss the efficacy data, the FDA had asked the panel to discuss the safety profile of the drug … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Exelon Invests For Green Energy

Posted: 17 Nov 2010 11:05 AM PST

Utility services company, Exelon Corporation (NYSE:EXC), announced that it will invest $5 billion in different cost-effective and clean energy projects to reduce carbon emissions. The investment will be made between 2010 and 2015, which will result in new material and equipment orders, engineering and construction contracts, and professional and technical service agreements.
This investment will help reduce 15.7 million metric tons of greenhouse gas emissions per year by 2020. The company has … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Quantitative Easing II – Very Funny

Posted: 17 Nov 2010 10:59 AM PST

I usually do not post satirical videos of economic issues as told by animated animals in computer enhanced voices, but this is a really funny one trashing QEII. Even if you are pro QEII you will still find this very funny I have no doubt.
Just to make this balanced I will post a response video below which pro QEII although the first video is much … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“CPI Is At The Lowest I’ve Seen In History”

Posted: 17 Nov 2010 10:45 AM PST

Juniper Acquires Trapeze Networks

Posted: 17 Nov 2010 10:35 AM PST

Leading networking infrastructure products and service provider Juniper Networks Inc. (NASDAQ:JNPR) recently signed a definitive agreement to acquire enterprise wireless local area network (WLAN) solutions provider Trapeze Networks for a total cash consideration of $152.0 million. Juniper expects to wrap up the acquisition by the end of December 2010.
Trapeze Networks is a brand of Belden Inc. (NYSE:BDC), which manufactures and sells specialty wire, cable and cord products to the electronics and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GM To Expand IPO By 31%

Posted: 17 Nov 2010 10:35 AM PST

General Motors (MTLQQ), a.k.a. GM, has expanded its initial public offering (IPO) of common stock, to be held in November 18, 2010, by 31% to 478 million shares from 365 million shares due to strong demand from the investors. The targeted stock price has also been raised to $33 per share from the earlier projection of $26–$29 per share.
Given the new stock price, the expansion of IPO will help the U.S. government recover about half of its unpaid loans to GM. Of the $52 billion in loans … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Boeing To Acquire CDM Technologies

Posted: 17 Nov 2010 10:35 AM PST

In an effort to extend its footprint in the logistics command and control business The Boeing Company (NYSE:BA) has signed an agreement to acquire CDM Technologies. The transaction is expected to close by the end of the fourth quarter of 2010.
San Luis Obispo, California-based privately held firm CDM Technologies is a software engineering company that specializes in real-time transportation and logistics planning systems for the U.S. military. CDM Technologies’ logistics optimization software … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up During The U.S. Session

Posted: 17 Nov 2010 10:15 AM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change.

GBP/USD was trading at 1.5898, up 0.08% at time of writing.

The pair was likely to find support at 1.5840, Tuesday's low, and resistance at 1.6184, Friday's high.

Earlier in the day, official data showed that the U.K. claimant count change fell unexpectedly to a seasonally adjusted -3.70K last month from 1.30K in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates


China Breaks Airbus-Boeing Monopoly

Posted: 17 Nov 2010 10:05 AM PST

Commercial Aircraft Corp. of China (Comac) has secured its first 100 C919 passenger-aircraft orders, breaking the near monopoly enjoyed by Airbus S.A.S. and The Boeing Co. (NYSE:BA).
General Electric Co’s (NYSE:GE) leasing arm and China's three largest domestic airlines by fleet size were amongst the first customers for the 168-seater aircraft.
The development of China’s first passenger aircraft could hamper sales of overseas manufacturers in China, which is projected to place $480 billion worth of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Grainger’s October Sales Moderate

Posted: 17 Nov 2010 10:05 AM PST

W.W. Grainger Inc. (NYSE:GWW) reported October sales growth of 11% year over year. Though remaining positive, growth in October moderated from the preceding months, plunging to the lowest point thus far in this fiscal year. Monthly sales have gradually dropped from the high figures of July, August and September that saw sales climbing 21%, 20% and 18%, respectively.
We believe the results in October 2010 suffered from one less selling day than the prior-year comparable period. As a result, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Consumer Price Index Tame

Posted: 17 Nov 2010 10:05 AM PST

The Consumer Price Index (CPI) rose by just 0.2% in October, up from 0.1% September, but down from increases of 0.3% in August and July. Year over year, it is up just 1.2%. Almost all of the increase was due to energy prices, which rose 2.6% after increases of 0.7% in September and 2.3% in August. Year over year, energy prices are up 5.9%.

Actually the increase is even narrower than that, as energy commodities such as gasoline were up 4.4% after increases of 1.8% in September and a 3.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Why The Lame Duck Congress Must Extend Jobless Benefits For Hard-hit Families But Not Tax Cuts For The Rich

Posted: 17 Nov 2010 09:58 AM PST

America's long-term unemployed — an estimated 4 million or more — constitute the single newest and biggest social problem facing America.
Now their unemployment benefits are about to run out, and the lame-duck Congress may not have the votes to extend them. (You can forget about the next Congress.)
The long-term unemployed can't get work because there are still five people needing work for every job opening. And the long-term jobless are often at the end of the job line: Either they … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Close Higher; Dax Up 0.55%

Posted: 17 Nov 2010 09:55 AM PST

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

At the close of European trade, Germany's DAX rose 0.55%, London's FTSE 100 gained 0.19%, France's CAC 40 climbed 0.79% and the EURO STOXX 50 was up 0.75%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.04%; the S&P 500 index gained 0.28%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Single, Childless Women Now Earn MORE Than Men: Do We Really Need MORE Federal Legislation?

Posted: 17 Nov 2010 09:19 AM PST

In 2009, the Consad Research Corporation conducted a comprehensive study on the gender wage gap for the Department of Labor, and produced a 95-page report titled "An Analysis of the Reasons for the Disparity in Wages Between Men and Women." This is from the report's foreword:

There are observable differences in the attributes of men and women that account for most of the gender wage gap. These variables include:

1. A greater percentage of women than men tend to work part-time.

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


Morning News Notes: 11.17.10

Posted: 17 Nov 2010 07:49 AM PST

The morning news notes as prepared by TL…a fund to bailout those in foreclosure?, Irish debt crisis, the Fed’s defense of QE2, banks return capital, deficit panel to publish findings, US budget deficit, and muni’s see largest 1 day sell off since 2008.
 

“Morning News Notes: November 17, 2010″

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


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