Friday, November 26, 2010

DailyMarkets.com - YAP Prepaid Debit Card: Its Flaws Revealed

DailyMarkets.com - YAP Prepaid Debit Card: Its Flaws Revealed


YAP Prepaid Debit Card: Its Flaws Revealed

Posted: 26 Nov 2010 07:35 AM PST

Do you have a bad credit score or no credit history? Do you not have a bank account? If so, chances are high you will be rejected for ‘traditional’ credit cards. However, you could consider prepaid debit cards.

Prepaid cards are similar to debit cards in the sense that you don't borrow money from a bank, and instead use the money that you deposited into your account beforehand. Unlike debit cards, prepaid cards are not linked to a bank checking account. You transfer money to the card … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Treasury Gets $11.7 Bn From GM IPO

Posted: 26 Nov 2010 07:05 AM PST

The Treasury Department of U.S. has received payments of $11.7 billion against its loan extended to General Motors Corporation (NYSE:GM). The payment was made through the net proceeds from its initial public offering (IPO) last week. The automaker sold 478 million shares at the targeted price of $33, raising $15.8 billion in the IPO. Of this, the treasury has sold 358.5 million shares.
The Treasury has revealed that it would also get $1.8 billion as bankers handling the IPO exercise options to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BRE Properties Raised To Outperform

Posted: 26 Nov 2010 07:05 AM PST

We have recently changed our long-term recommendation for BRE Properties (NYSE:BRE), a leading multifamily real estate investment trust (REIT), from ‘Neutral’ to ‘Outperform’ with an anticipation that it would perform well above the broader market. The stock presently has a Zacks #3 Rank, which translates into a short-term 'Hold' rating.
In the last 30 days, fiscal 2010 earnings estimates of BRE Properties have been increased by 6 of the 7 analysts covering the stock, while only 1 has lowered … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CB&I Gets Russian Contract

Posted: 26 Nov 2010 06:35 AM PST

Chicago Bridge & Iron Company(NYSE:CBI) announced that CB&I Lummus has won a contract for providing front-end engineering, design and consultancy services to the Shtokman LNG (liqufied natual gas) storage and loading facility in the Murmansk region of the Russian Federation.
CB&I’s project scope includes concept design and development of the LNG storage and handling facility, including 160,000 cubic meter containment LNG storage tanks and the associated piping and loading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Broadcom Acquires Beceem

Posted: 26 Nov 2010 06:35 AM PST

Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) acquired privately held Beceem Communications Inc. for $316 million.
Excluding any purchase accounting related adjustments and fair value measurements, Broadcom expects the acquisition of Beceem to be neutral to its bottom-line in 2011.
Beceem is a leading provider of 4G semiconductors and offers a number of single-chip solutions that are optimized for mobile devices and wireless broadband markets. Fueled by the broadband communications explosion, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Boeing Company, Del Monte Foods Company, Pohang Iron & Steel Co., Ltd., Woori Finance Holdings Co Ltd, CPI International

Posted: 26 Nov 2010 06:35 AM PST

 Boeing (NYSE:BA) announced plans for “minor design changes” to the electrical system of its troubled 787 Dreamliner, with another delivery schedule expected out in the next few weeks

 A buyout group led by KKR (KKR) agreed to acquire Del Monte Foods (NYSE:DLM) for $19 per share, valuing the firm at about $5 billion including debt

 CPI International (NASDAQ:CPII) is to be purchased by Veritas Capital for $19.50 per share, or $525 million

 The head of Qatar Air criticized … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Turning Up

Posted: 26 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


Australian Dollar: Key ST Resistance At 10725

Posted: 26 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


Canadian Dollar: The Downside Prevails

Posted: 26 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: Under Pressure

Posted: 26 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: Rebound

Posted: 26 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: The Upside Prevails

Posted: 26 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


On Power And The Constitution, Part 2

Posted: 26 Nov 2010 06:05 AM PST

(This is the second part of a two-part article, The first part can be found here.)

How Best to Implement Progress

There are also situations where things need to be imposed industry-wide. For example, any individual owner of a paper mill might decide that he liked to fish in the stream, and thus feel that it would be worth spending the money to make his mill pollute less. He, however, would be putting his mill at a competitive disadvantage to the mills that did not decide to control the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Neutral On Plains

Posted: 26 Nov 2010 06:05 AM PST

We recently reiterated our ‘Neutral’ recommendation on Plains Exploration & Production Company (NYSE:PXP).
Texas-based Plains Exploration & Production Co. is an independent oil and gas company primarily engaged in acquiring, developing, exploring and producing oil and gas. The company has its core operations in North America – onshore and offshore California; the Gulf of Mexico; the Gulf Coast Region; the Mid-Continent Region; the Rocky Mountains, and offshore Vietnam.
The company's main … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Becton Dickinson Raises Dividend

Posted: 26 Nov 2010 06:05 AM PST

Becton, Dickinson and Company (NYSE:BDX) recently announced a quarterly dividend of 41 cents per share, a hike of 4 cents, or 10.8%, from the prior quarter. This dividend will be paid by the company, on December 31, 2010, to shareholders of record as of December 10, 2010. At the current rate, the annualized dividend for fiscal 2011 will be $1.64 per share. With this announcement, Becton Dickinson marked the 38th consecutive year with a   hike in dividend.
Becton Dickinson is a major worldwide … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Up During The European Session

Posted: 26 Nov 2010 06:00 AM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.

USD/CAD was trading at 1.0223, up 1.31% at time of writing.

The pair was likely to find support at 1.0076, Thursday's low, and resistance at 1.0265, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.97% to hit 1.3229 and GBP/USD falling 0.84% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Eni Signs New Contract In Ecuador

Posted: 26 Nov 2010 05:35 AM PST

Eni SpA(NYSE:E) signed a new service contract with the Government of Ecuador for the Villano oil field in Block 10. The contract is based on a flat fee, which covers the costs of production and new investments, according to the new hydrocarbon law.
About 260 kilometers south east of Quito, the block is located in the Oriente Basin, in the eastern part of Ecuador. The new contract will allow Eni to successfully continue its operations in Ecuador until 2023, with approximately 50 million barrels of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The European Session

Posted: 26 Nov 2010 05:35 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3223, down 1.01% at time of writing.

The pair was likely to find support at 1.3201, today's low, and resistance at 1.3786, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.28% to hit 0.8454 and EUR/JPY falling 0.71% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Starwood Expands In China

Posted: 26 Nov 2010 05:20 AM PST

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced the inauguration of The St. Regis Lhasa Resort, the first St. Regis resort in China and the foremost luxury resort in Tibet. The resort features 150 guest rooms and 12 villas and suites. Starwood’s foray into the Lhasa Valley, marks a milestone in the hotelier's expansion policy in China.
Outside the U.S., China is already Starwood’s largest market with 60 hotels representing eight of its brands. Going forward, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


An Insider’s Perspective On Insider Trading: “Everyone Doesn’t Belong On Wall Street”

Posted: 26 Nov 2010 05:16 AM PST

The Man in the Arena, written by Teddy Roosevelt in 1910, is certainly one of my favorite passages from history.

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but … [visit site to read more] or compare Best Credit Cards and Best CD Rates


On Power And The Constitution

Posted: 26 Nov 2010 05:05 AM PST

Since my Capitalism, Past & Present post seemed to be generally well received,  I thought I might do another in-depth thought piece. This time I want to talk about power, and the structure of the U.S. Government.

Like greed, the desire for power has existed since the dawn of time. Power can be used for either good or evil, but as Lord Acton famously observed, "power tends to corrupt and absolute power corrupts absolutely." However, you can't simply do away with power in your … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – NZD/USD Down During The European Session

Posted: 26 Nov 2010 05:05 AM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7502, down 1.28% at time of writing.

The pair was likely to find support at 0.7484, today's low, and resistance at 0.7836, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.37% to hit 1.2857 and EUR/NZD rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/CHF Down During The European Session

Posted: 26 Nov 2010 04:40 AM PST

Forex Pros – The British Pound was lower against the Swiss Franc on Friday.

GBP/CHF was trading at 1.5712, down 0.38% at time of writing.

The pair was likely to find support at 1.5634, Wednesday's low, and resistance at 1.5923, Monday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.48% to hit 1.5684 and EUR/GBP falling 0.42% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stocks To Watch On Friday: Genzyme, Sanofi-Aventis, ArcelorMittal, Merck, Novartis, Repsol, BT Group

Posted: 26 Nov 2010 04:25 AM PST

UK Banks – Britain’s five largest retail banks will commit up to GBP 1.5bln to the “Big Society Bank” as part of an agreement under discussion that could lead to the Government backing off from tougher reform of the financial sector. (Telegraph)

UK

BT Group (NYSE:BT) – Co. will continue to hold its 29.9% stake in Tech Mahindra for some time. (Sources)

US

Genzyme/Sanofi – Genzyme (NASDAQ:GENZ), which is a target of a USD 18.5bln takeover from Sanofi-Aventis (NYSE:SNY), would be open to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/CHF Down During The European Session

Posted: 26 Nov 2010 04:00 AM PST

Forex Pros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.3253, down 0.87% at time of writing.

The pair was likely to find support at 1.3236, today's low, and resistance at 1.3658, Monday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 1.03% to hit 1.3222 and EUR/JPY falling 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/JPY Up During The European Session

Posted: 26 Nov 2010 03:20 AM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 83.76, up 0.19% at time of writing.

The pair was likely to find support at 82.79, Tuesday's low, and resistance at 83.97, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.15% to hit 1.3206 and GBP/USD falling 0.50% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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