Friday, December 10, 2010

DailyMarkets.com - AmCap’s Rating Outlook Upped

DailyMarkets.com - AmCap’s Rating Outlook Upped


AmCap’s Rating Outlook Upped

Posted: 10 Dec 2010 12:05 PM PST

Rating outlook on American Capital Ltd. (NASDAQ:ACAS) has been upped to "Stable" from "Negative" by Standard & Poor’s this Wednesday. The company’s long-term counterparty credit rating is set at "B-" by S&P. The company could achieve a substantial reduction in debt in 2010.
It undertook debt restructuring initiatives in June this year and also during and after the third quarter of 2010. These actions have led to an improvement in its leverage and prompted the rating agency … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Community Health Re-bids For Tenet

Posted: 10 Dec 2010 11:35 AM PST

Community Health Systems, Inc. (NYSE:CYH) has re-bid to acquire Tenet Healthcare Corporation (NYSE:THC), after being rejected on December 6.
However, Community Health has proposed an identical offer to Tenet, which was offered on November 12 but was rejected due to inadequate compensation offered by Community Health to Tenet's shareholders.
According to the acquisition deal, Community Health will offer to acquire all the outstanding shares of Tenet for $6.00 per share, including $5 a share in cash … [visit site to read more] or compare Best Credit Cards and Best CD Rates


MasterCard Buys Travelex’s Prepaid

Posted: 10 Dec 2010 11:35 AM PST

Expanding its global prepaid business, yesterday MasterCard Inc. (NYSE:MA) announced the acquisition of UK-based largest non-bank foreign exchange supplier and cross-border service provider, Travelex's prepaid Card Program Management (CPM) division for an all-cash deal of £290 million (US$458 million). Additional earn-out of up to £35 million (US$55 million) has also been agreed upon meeting certain performance targets. The deal is expected to close by the first half of 2011.
The CPM segment … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Hot Option Plays: The Trend Is Your Friend

Posted: 10 Dec 2010 11:18 AM PST

Cusick's Corner
The market is in a grinding mode but it is still to the upside. At this stage, patience and discipline are essential. If you have missed the trend so far, consider using strategies that may give up some profit potential but mitigate risk. There in not much to say other than the trend is your friend, stick with it. See you After Hours.
Major averages are holding modest gains in another day of quiet trading Friday. Economic news was in focus early after data showed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Extends Advance After Consumer Sentiment

Posted: 10 Dec 2010 11:15 AM PST

12/10/10 The USD extended gains vs. the EUR, JPY, following the better-than-expected U. of Michigan consumer sentiment … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 10 Dec 2010 11:15 AM PST

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

EUR/USD was trading at 1.3238, down 0.001% at time of writing.

The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3420, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8374 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“With Sentiment Being Positive…good Coming Into Holiday Season”

Posted: 10 Dec 2010 06:11 AM PST

12/10/10 FBN Securities’ Cort Gwon weighs in on today’s data releases, this week’s Chinese IPOs, and the upcoming trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pall Corp. Beats Estimates

Posted: 10 Dec 2010 11:00 AM PST

Pall Corporation (NYSE:PLL) recorded a strong first quarter fiscal 2011 results, reporting earnings per share from continuing operations of 62 cents, above the Zacks Consensus Estimate of 50 cents. On a year-over-year basis, earnings per share were up 55%. The company witnessed strong growth in most of its markets.
Revenue
Total revenue in the quarter increased by 10.7% year over year to $605.5 million, including negative impact from foreign currency translation of 1.4%. The revenue reported by … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Keeping Fuji At Outperform

Posted: 10 Dec 2010 11:00 AM PST

We maintain our Outperform recommendation on Fujifilm Holdings Corporation (FUJIY) based on its strong business and expansion strategy into wider marketswith innovative products. We believe this will provide greater momentum to the stock.
Fuji's cost and expense reduction techniques and its acquisition strategy will boost both top-line and bottom-line results.
Fuji initiated cost and expense reduction techniques to improve its profitability. During fiscal 2010, the company recorded a 12% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gender Differences On The SAT Test Explained

Posted: 10 Dec 2010 10:52 AM PST

My video above was featured today on The American Enterprise Institute’s American.com website, inspired of course by the “text-to-movie” technology from the Xtranormal.com website that was used to make “Quantitative Easing Explained” (3.5 million views now on “the YouTube”).   … [visit site to read more] or compare Best Credit Cards and Best CD Rates


DENTSPLY Ties Up With Korean Firm

Posted: 10 Dec 2010 10:35 AM PST

Leading dental products maker DENTSPLY International (NASDAQ:XRAY) has collaborated with South-Korean dental implant devices maker DIO Corporation. The companies will focus on dental implant production across Asia and Europe leveraging their top-notch manufacturing capabilities.
Busan-based DIO Corporation produces a broad range of dental implants (including BioTite-H and SM implant), dental devices and associated accessories. It is an established player in the South Korean dental implant market … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Citi Back With A Bang

Posted: 10 Dec 2010 10:35 AM PST

Following the wrap up sale of Citigroup Inc.'s (NYSE:C) stake by the Treasury, Citi is back to its form. The company is now focused on inducting strategic initiatives to improve its profitability in the upcoming years.
Citi's core business is progressing well and the international business is gaining momentum. Its wholly-owned subsidiary, Credicard, signed a binding agreement with U.S. Bancorp's (NYSE:USB) wholly-owned subsidiary, Elavon, in order to form a joint venture form a merchant … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Loss At PPHM Wider Than Expected

Posted: 10 Dec 2010 10:35 AM PST

Peregrine Pharmaceuticals Inc.’s (NASDAQ:PPHM) second quarter fiscal 2011 loss of 13 cents per share was wider than the loss of 12 cents indicated by the Zacks Consensus Estimate. The biopharmaceutical company reported a loss of 6 cents per share in the year-ago quarter. The wider loss was primarily attributable to lower revenues and higher expenses in the reported quarter.
Total revenue in the second quarter of fiscal 2011 declined 32% to $4.67 million. Revenues fell short of the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bullish On Family Dollar Stores

Posted: 10 Dec 2010 10:35 AM PST

Family Dollar Stores Inc.'s (NYSE:FDO) strategic initiatives to improve the merchandising, marketing and store operations have resulted in sustained growth in the top and bottom lines. This is evident from the company's better-than-expected fourth-quarter 2010 results.
Family Dollar posted fourth-quarter earnings of 56 cents a share that beat the Zacks Consensus Estimate of 51 cents, and rose 30.2% from 43 cents earned in the prior-year quarter. The operator of self-service retail discount … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 10 Dec 2010 10:35 AM PST

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

AUD/USD was trading at 0.9846, up 0.10% at time of writing.

The pair was likely to find support at 0.9753, Wednesday's low, and resistance at 0.9965, Tuesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.17% to hit 1.3436 and AUD/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Options Feeding Frenzy Ensues On Great Atlantic & Pacific Tea Co. Bankruptcy Concerns

Posted: 10 Dec 2010 10:23 AM PST

Options feeding frenzy ensues on Great Atlantic & Pacific Tea Co. bankruptcy concerns
Today’s tickers: GAP, SNDK, STI & DFS
Great Atlantic & Pacific Tea Co., Inc. (NYSE:GAP) – Reports suggesting the grocery-store chain operator may file for bankruptcy as soon as this weekend sent shares crashing down by as much as 69.6% to an intraday low of $0.86 today and spurred frenzied trading in call and put options. Meanwhile, investor uncertainty, as measured by GAP’s reading of options implied … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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

Posted: 10 Dec 2010 10:00 AM PST

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

NZD/USD was trading at 0.7480, down 0.07% at time of writing.

The pair was likely to find support at 0.7436, Wednesday's low, and resistance at 0.7667, Tuesday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.23% to hit 1.3168 and EUR/NZD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USDCAD Jaws Are Closing

Posted: 10 Dec 2010 09:58 AM PST

The "jaws" off the hourly chart in the USDCAD are closing as the price action gets more narrow (it looks like a dinosaur..maybe a T-rex?).   The non-trending nature of the last three days of trading suggest a likely trend type move is on the horizon.  The problem is the weekend festivities get in the way with China news and potential rate hike implications increasing weekend risk.  Nevertheless, a move below the 100 hour MA at the 1.0088 level should signal a more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NVS Presents Positive Data At ASH

Posted: 10 Dec 2010 09:55 AM PST

Recently, Novartis AG (NYSE:NVS) presented data from a phase II study of its blood cancer pipeline drug LBH589 at the annual meeting of the American Society of Hematology (ASH).
The phase II pivotal study showed sustained anticancer activity in extensively pretreated Hodgkin lymphoma patients who had relapsed or had become refractory after an autologous stem cell transplant. There is a high, unmet treatment need in this setting.
Many of the 106 patients enrolled in the study had received multiple … [visit site to read more] or compare Best Credit Cards and Best CD Rates


America Movil Upgraded To Neutral

Posted: 10 Dec 2010 09:55 AM PST

We are upgrading our long-term recommendation on America Movil S.A.B. de C.V (NYSE:AMX), Latin America's largest wireless company, to Neutral from Underperform on its long-term prospects. Currently, the stock has a short-term Zacks #3 Rank (Hold).
The growing Brazilian economy and improving macro conditions in Mexico and Argentina have raised America Movil's confidence for the next four years. The company expects revenue and EBITDA to increase 6% to 8% and 7% to 9%, respectively, from 2010 to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Access Pharma (ACCP) Raises $6.0 Million To Boost Balance Sheet

Posted: 10 Dec 2010 09:55 AM PST

Grang Zeng, CFA

Early in the morning today (Dec. 10, 2010), Access Pharma (OTC Bulletin: ACCP) announced that it has entered into definitive agreements with existing and new accredited investors to sell, in a registered direct offering, an aggregate of approximately 2.3 million shares of its common stock at a price of $2.55 per share for aggregate gross proceeds of $6.0 million.  Additionally, at the closing, Access will issue to the investors warrants to purchase, in the aggregate, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Watson Inks Deal With Natco Pharma

Posted: 10 Dec 2010 09:55 AM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced that it entered into a deal with India-based Natco Pharma Ltd. for the development and commercialization of a generic version of Celgene Corp.'s (NASDAQ:CELG) Revlimid (lenalidomide) in the United States.
Natco Pharma has filed an Abbreviated New Drug Application (ANDA) with the US Food and Drug Administration (FDA) seeking approval to market its generic version of Revlimid 5 mg, 10 mg, 15 mg and 25 mg. The companies believe that Natco Pharma … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Trade Deficit Tumbles

Posted: 10 Dec 2010 09:55 AM PST

The Trade Deficit fell in October to $38.71 billion from $46.60 billion in September. The fall in the trade deficit is very good news for the economy. The trade deficit was also smaller than the $44.5 billion consensus expectation.

On a year-over-year basis, the total trade deficit was up 19.8% from $32.30 billion a year ago. The trade balance has two major parts: trade in goods and trade in services. America's problem is always on the goods side; we actually routinely have a small surplus … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Rating Action On Principal Fin.

Posted: 10 Dec 2010 09:55 AM PST

A.M. Best Co. affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of "aa-" of Principal Life Insurance Company and Principal National Life Insurance Company, the life insurance operating companies of Principal Financial Group Inc. (NYSE:PFG). The outlook was revised to stable from negative.
Also, the rating agency affirmed the ICR of "a-" of Principal Financial and its existing debt ratings. The outlook was revised to stable from negative
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Sinopec Buys Argentine Assets

Posted: 10 Dec 2010 09:55 AM PST

China Petrochemical Corp., Asia's largest refiner and parent of Sinopec (NYSE:SNP), signed an agreement to acquire Occidental Petroleum Corp.’s (NYSE:OXY) oil and gas assets in Argentina for $2.45 billion.
Occidental’s Argentine assets include interests in 23 production and exploration fields in Santa Cruz, Mendozaand Chubut provinces. Gross production from these fields was approximately 51,000 barrels of oil equivalent per day last year and proven and probable reserves were 393 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates


SLB To Rename Operating Segments

Posted: 10 Dec 2010 09:55 AM PST

Schlumberger Limited (NYSE:SLB) is planning to change its financial reporting structure for better representation of its businesses following a string of acquisitions in recent times.
In February 2010, Schlumberger acquired Smith International for approximately $11 billion in an all-stock deal and gave it complete control of its drilling fluids business M-I Swaco. Following this, it also acquired the French drilling analysis company Geoservices for nearly $1 billion.
Previously, Schlumberger's … [visit site to read more] or compare Best Credit Cards and Best CD Rates


BHS Adopts Allscripts Solutions

Posted: 10 Dec 2010 09:55 AM PST

Clinical software provider Allscripts-Misys Healthcare Solutions (NASDAQ:MDRX) has announced the selection of its Electronic Health Record ("EHR") and Practice Management ("PM") solutions by Berkshire Health Systems ("BHS") for the latter's 108 physicians and other medical providers. BHS believes Allscripts' solutions will help it improve patient care and communication.
BHS is a non-profit health system providing healthcare services in Berkshire County, Massachusetts, as well as … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Is ARG-APD Battle In Its Final Leg?

Posted: 10 Dec 2010 09:55 AM PST

The year-long tussle between Airgas Inc. (NYSE:ARG) and Air Products & Chemicals Inc. (NYSE:APD) might reach an end as Airgas' board of directors reviews Air Products' raised and final offer of $70 per share from the previous bid of $65.50 per share. Airgas shares fell 6% to $61.84 on the news apprehending that Air Products will walk away if spurned again.
The $70 per share offer is at a 61% premium to Airgas' closing price of $43.53 as of February 4, 2010, the day before Air Products first … [visit site to read more] or compare Best Credit Cards and Best CD Rates


European Markets Mixed At Close; Dax Up 0.60%

Posted: 10 Dec 2010 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Friday.

At the close of European trade, Germany's DAX rose 0.60%, London's FTSE 100 gained 0.09%, France's CAC 40 declined 0.02% and the EURO STOXX 50 was down 0.04%.

Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.17%; the S&P 500 index gained 0.42%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Tests 100 Bar MA As London Goes Home

Posted: 10 Dec 2010 09:01 AM PST

Forex – EUR/USD Up At The End Of European Session

Posted: 10 Dec 2010 09:00 AM PST

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

EUR/USD was trading at 1.3239, up 0.01% at time of writing.

The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3420, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8376 and EUR/JPY rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Worst People On Campus Are Those Who Don’t Understand Economics But Write About It Anyway

Posted: 10 Dec 2010 08:53 AM PST

This is from an editorial in the student newspaper at the University of Wisconsin, titled “The Worst People on Campus”:

“Wisconsin had 5,800 student tickets to sell. They went up for purchase on uwbadgers.com at 9 p.m. Sunday and were sold out by 9:20 p.m. The 33 students named above (Note: their names were later removed) had the nerve to put their Rose Bowl tickets up for sale on Facebook Marketplace within two hours of tickets selling out. Face value was $150. Some were trying to get the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down Toward The End Of European Session

Posted: 10 Dec 2010 08:40 AM PST

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

EUR/USD was trading at 1.3220, down 0.13% at time of writing.

The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3420, Monday's high.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8379 and EUR/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Yields Edge Higher Into Weekend

Posted: 10 Dec 2010 08:31 AM PST

Global yields are pushing on the highest in six months once again at the end of a week in which a resolution to a tax gridlock in Washington changed perceptions over U.S. growth and damped demand for safer assets. A jump in U.S. exports confirming healthy overseas demand also served to pressure bond prices after an optimistic start.
European bond markets – Higher German bund prices have given way to marginal losses later in the session as pressure returns on peripheral Spanish and Italian debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD: Still Rangebound

Posted: 10 Dec 2010 08:29 AM PST

The EURUSD extended the downside trading range, falling to the target at the 1.3180 level. That level corrresponded with the low level from Wednesday. The inability to extend to the next target (the low for the week at 1.3164) led to shorts covering.
Now, the price has moved up to the 100 bar MA on the 5 minute chart currently at the 1.3232 level. Sellers have reentered at the level with risk defined against the intraday moving average. The London/Europe close for the week could cause some … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Bullish Bias Above 9825

Posted: 10 Dec 2010 08:21 AM PST

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


Canadian Dollar: Rebound In Sight

Posted: 10 Dec 2010 08:21 AM PST

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


Forex – USD/JPY Up Toward The End Of European Session

Posted: 10 Dec 2010 08:20 AM PST

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

USD/JPY was trading at 83.88, up 0.16% at time of writing.

The pair was likely to find support at 82.34, Tuesday's low, and resistance at 84.30, Wednesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.12% to hit 1.3222 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AGNC To Offer Common Shares

Posted: 10 Dec 2010 08:15 AM PST

American Capital Agency Corp. (NASDAQ:AGNC), a leading real estate investment trust (REIT) that focuses on investments in mortgage pass-through securities and collateralized mortgage obligations (CMOs), has recently announced its offer of 8 million common shares totaling $219 million of net proceeds. The company will also grant the underwriters an option to purchase an additional 1.2 million shares to cover any over-allotments.
Citigroup Global Markets Inc. – the brokerage and securities arm of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Lululemon Beats On Solid Top Line

Posted: 10 Dec 2010 08:15 AM PST

Lululemon Athletica Inc. (NASDAQ:LULU) reported third-quarter 2010 earnings of 36 cents a share, up from the year-ago figure of 20 cents and handily beating the Zacks Consensus Estimate of 25 cents. Lululemon now expects fourth-quarter 2010 earnings per share between 46 cents and 48 cents based on diluted shares outstanding of 72.2 million and a tax rate of 40%.
The company's 29.0% increase in consolidated comparable-store sales (comps) and 46.0% increase in corporate-owned stores revenue along … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dr Pepper & MTV In Sun Drop Promo

Posted: 10 Dec 2010 08:15 AM PST

Dr Pepper Snapple Group Inc. (NYSE:DPS), in order to promote its non-cola, flavored brand Sun Drop, teamed up with MTVN Music Group, a division of Viacom Inc.’s (NYSE:VIA) MTV Networks. The multi-year contract aims not only to promote and distribute the brand nationwide but offer new packaging graphics in an increasingly complex media environment.
MTV Scratch, a recently announced in-house and creative advertising team of MTV, would spearhead the campaign. The promotion of the brand involves … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AXIS Capital Hikes Dividend

Posted: 10 Dec 2010 08:15 AM PST

As part of its concerted effort to enhance shareholder value, the board of directors of AXIS Capital Holdings Limited (NYSE:AXS) approved a 9.5% increase in its quarterly dividend. The increased dividend of 23 cents will be paid on January 18, 2011, to shareholders of record as of December 31, 2010. The board increased the dividend from 21 cents paid in October, 2010.
The dividend hike was primarily supported by the company's strong balance sheet and its ability to generate healthy cash flow. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Opening Bell Market Monitor: THC, CYH, BEC

Posted: 10 Dec 2010 08:01 AM PST

12/10/10 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


Forex – GBP/USD Up Toward The End Of European Session

Posted: 10 Dec 2010 07:55 AM PST

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

GBP/USD was trading at 1.5789, up 0.12% at time of writing.

The pair was likely to find support at 1.5656, Monday's low, and resistance at 1.5861, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8371 and GBP/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down During The European Session

Posted: 10 Dec 2010 07:30 AM PST

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

EUR/USD was trading at 1.3192, down 0.35% at time of writing.

The pair was likely to find support at 1.3166, Thursday's low, and resistance at 1.3420, Monday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8364 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Morning News Notes: 12.10.10

Posted: 10 Dec 2010 06:33 AM PST

The morning news notes as prepared by TL…payrolls to increase next year in US, food inflation, overhaul of tax code?, mortgage rates at highest in 6 months, PIMCO raises growth outlook, Nobel Peace Prize to Chinese dissident, and household net worth.

“Morning News Notes: December 10, 2010″

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


European Nickel To Focus On Acoje Project As Turkish Permitting Delay Continues

Posted: 10 Dec 2010 01:46 AM PST

Shares in European Nickel (LON:ENK) slumped by 27% to 23p in early trading today after the AIM listed exploration group said it had been forced to put its flagship Çaldağ project in Turkey on care and maintenance until receipt of a re-issued forestry permit. The relevant licences were originally approved by Turkey's Environment and Forestry Ministry in April 2009. Subsequent political wrangles inside the country led European Nickel to concede in May this year that those permits would be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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