Thursday, December 9, 2010

DailyMarkets.com - Business Credit Card Review: Capital One Business Platinum With No Hassle Cash

DailyMarkets.com - Business Credit Card Review: Capital One Business Platinum With No Hassle Cash


Business Credit Card Review: Capital One Business Platinum With No Hassle Cash

Posted: 09 Dec 2010 07:35 AM PST

The Capital One Business Platinum with No Hassle Cash is a credit card that is specially designed for people who have small businesses. This card, issued by Capital One (NYSE:COF), doesn’t have any annual fee and is a Visa Platinum card. Not only does it give you a line of credit for your business expenses, it also gives you cash back on all your spending.

Here we’ll do a detailed review of the Capital One Business Platinum with No Hassle Cash, one of the many business credit card offers in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


United Tech. Wins Japanese Order

Posted: 09 Dec 2010 07:05 AM PST

Japan has given the go-ahead to Mitsubishi Heavy Industries’ proposal to supply advanced UH-60J search and rescue helicopters to the Japanese Air Self-Defense Force (JASDF). These will be manufactured under the license from Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX).
The new aircraft will be inducted into service over a 20-year period. The company is expected to generate a total of 190 billion yen in revenues ($2.3 billion) from the Japanese Ministry of Defense … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market News Briefs: Home Depot, Johnson & Johnson, Lowe’s Companies, Smithfield Foods, Sirius XM Radio

Posted: 09 Dec 2010 07:05 AM PST

 

·         Howard Stern continues his stint at Sirius XM Radio (NASDAQ:SIRI) after signing another five-year contract

·         Johnson & Johnson (NYSE:JNJ) was downgraded by Wells Fargo (WFC) from "outperform" to "neutral", with the target price in the range of $64 to $65

·         Home Depot (NYSE:HD) was upgraded by FBR from "market perform" to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


America’s Future In The Global Economy: This Week’s Words And Deeds

Posted: 09 Dec 2010 07:00 AM PST

On Monday, the same day the White House was finalizing its $900 billion tax deal with Republicans, the President gave an important address at a vocational technical school in North Carolina.
It was his clearest statement yet about the challenges America faces in the global economy. The United States has gone from 1st to 9th place among nations in the percentage of its population that graduates from college, he noted. We now rank 24th in the portion of our children who have a high school degree. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Stocks Advance After The Open On Jobs Data; Dow Jones Up 0.12%

Posted: 09 Dec 2010 06:52 AM PST

Forex Pros – U.S. stocks advanced after the open on Thursday, as better-than-expected data on initial jobless claims and upbeat earnings reports boosted market sentiment. 

During early U.S. trade, the Dow Jones Industrial Average rose 0.12%; the S&P 500 index climbed 0.44%, while the Nasdaq Composite index added 0.31%.

Earlier in the day, official U.S. data showed that the number of individuals filing for initial jobless benefits in the week ending December 4 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/JPY Hits Daily Low After Irish Debt Downgrade

Posted: 09 Dec 2010 06:29 AM PST

Forex Pros – The euro was down against the yen on Thursday, falling to a daily low after ratings agency Fitch downgraded Irish sovereign debt, sparking a fresh wave of concern over the euro zone debt crisis.

EUR/JPY hit 110.80 during European afternoon trade, the daily low; the pair subsequently consolidated at 110.91, shedding 0.44%.

The pair was likely to find support at 109.55, Tuesday's low and resistance at 111.91, the high of November 25.

Earlier in the day, ratings agency Fitch … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Swiss Franc: Intraday Support Around 97

Posted: 09 Dec 2010 06:19 AM PST

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


British Pound: Rebound

Posted: 09 Dec 2010 06:19 AM PST

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


Weekly Jobless Claims Fall To New 27-Month Low

Posted: 09 Dec 2010 06:18 AM PST

The Department of Labor reported today that the four-week average of initial unemployment claims fell to 427,500 for the week ending December 4, which is the lowest level since the first week of August 2008, more than two years ago (see chart above).  The number of workers continuing to receive jobless benefits fell to 4,226,000 on a four-week average basis for the week ending November 27, the lowest level for that count since early December 2008.

The drop in claims was the fifth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CAD Tumbles To Daily Low As Crude Oil Prices Rise

Posted: 09 Dec 2010 06:15 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart on Thursday, dropping to a daily low as crude oil, Canada's largest export, advanced.

USD/CAD hit 1.0073 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.0075, shedding 0.38%.

The pair was likely to find short-term support at 1.0011, the low of December 7 and resistance at 1.0140, Wednesday's high.

Earlier in the day, crude oil prices rose 0.24% to hit USD 88.78 a barrel, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Pratt & Whitney Assembles Rocket Engine

Posted: 09 Dec 2010 06:06 AM PST

Pratt & Whitney Rocketdyne has completed assembling the oxidizer turbo pump on NASA’s J-2X rocket engine, in the run-up to the testing at Stennis Space Center, Missourie, scheduled in 2011. Pratt & Whitney Rocketdyne is a United Technologies Corporation (NYSE:UTX) Company.
Assembling of the turbo pump is extremely critical as it enables distribution of chemically-reactive liquid propellant throughout the engine to keep up the high performance levels.
The engine was developed with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Mixed Vs. Rivals After Jobless Claims Drop

Posted: 09 Dec 2010 05:55 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, after official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected.

During European afternoon trade, the greenback was up against the euro, with EUR/USD sliding 0.20% to hit 1.3235.

Earlier in the day, ratings agency Fitch downgraded Irish sovereign debt, citing the additional costs of restructuring the country's banking sector and public … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dollar Rebounds Ahead Of Initial Claims Data

Posted: 09 Dec 2010 05:48 AM PST

The tailwind of an extension to tax cuts continues to support the dollar in early New York trading and ahead of another expected dip in the reading of initial weekly jobless claims later in the morning. Despite an overnight setback for the greenback and an absence of European data, the dollar index continues to move ahead at a time when there are few other influences to drive market action.
U.S. Dollar – A couple of firmer data points from Asia failed to deter investors from preferring the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Trims Losses After Jobless Claims, BOE

Posted: 09 Dec 2010 05:43 AM PST

Forex Pros – The pound trimmed losses against the U.S. dollar on Thursday, retreating from the daily low, after U.S. data showed that initial jobless claims fell more-than-expected last week and after the Bank of England kept monetary policy unchanged.

GBP/USD clawed back up from 1.5735, the daily low to hit 1.5792 during European afternoon trade, shedding 0.07%.

Cable was likely to find support at 1.5835, Wednesday's low and resistance at 1.5964, the high of November 23.

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


U.S. Initial Jobless Claims Fall More-than-expected

Posted: 09 Dec 2010 05:34 AM PST

Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending December 4 fell to a seasonally adjusted 421K, after rising to 438K in the preceding week, whose figure was revised up from 436K.

Analysts had expected initial jobless claims to fall to 430K in the week ending … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/GBP Hits Fresh Daily Low After BoE Holds Rate Steady

Posted: 09 Dec 2010 05:26 AM PST

Forex Pros – The euro was down against the pound on Thursday, falling to a fresh daily low after the Bank of England held steady on monetary policy.

EUR/GBP hit 0.8369 during European afternoon trade, a fresh daily low; the pair subsequently consolidated at 0.8371, shedding 0.23%.

The pair was likely to find support at 0.8333, the low of December 1 and a 10-week low and resistance at 0.8481, Tuesday's high.

Earlier in the day, the BoE's monetary policy held its bond purchase plan at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


EIA Reports Mixed Inventory Data

Posted: 09 Dec 2010 05:20 AM PST

The U.S. Energy Department’s weekly inventory release showed a sharp fall in crude stockpiles, while refinery run-rates increased significantly from the previous week. Gasoline and distillate stocks, meanwhile, posted a larger-than-expected build.
The Energy Information Administration ("EIA") Petroleum Status Report – that contains data for the previous week ending on Friday – outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Costco Tops Estimate

Posted: 09 Dec 2010 05:20 AM PST

Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of 71 cents a share topped the Zacks Consensus Estimate of 69 cents, and rose 18.3% from 60 cents earned in the prior-year quarter.
The Zacks Consensus Estimate increased by a penny with 8 out of 28 analysts covering the stock raising their projections, and none revising their estimates downwards in the last 30 days.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Whole Foods Re-establish Dividend

Posted: 09 Dec 2010 05:06 AM PST

Buoyed by a healthy financial position and robust outlook of  Whole Foods Market, Inc.'s (NASDAQ:WFMI), the company's Board of Directors has reinstated the quarterly dividend after a hiatus of more than two years. The Board approved a quarterly dividend of 10 cents a share.
Management said that the dividend will be paid on January 20, 2011 to shareholders of record as on January 10, 2011, and will amount to approximately $17 million on a quarterly basis or approximately $69 million … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Who Really Deserves To Pay For Bernie Madoff’s Fraud?

Posted: 09 Dec 2010 05:04 AM PST

Bernie Madoff is back.
While news of deficits, tax packages, currency devaluation, and the like capture the business headlines, is there any doubt that far more people in our nation are interested and intrigued by what is going on with the Madoff scam? I have no doubt.
I have very mixed feelings about Irving Picard, the trustee assigned to recover funds for those victimized by Madoff's Ponzi scam, going after Wall Street institutions and foreign banks who knew or should have known of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bank Of England Keeps Benchmark Interest Rate Unchanged

Posted: 09 Dec 2010 04:05 AM PST

Forex Pros – The Bank of England kept its benchmark interest rate unchanged for the 22nd consecutive month in December, it announced on Thursday.

The bank said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.

The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP 200 billion in December.

The minutes of the meeting of the bank's monetary policy committee will be published on Wednesday, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – USD/CHF Reverses Losses, Edges Up To Fresh Daily High

Posted: 09 Dec 2010 04:04 AM PST

Forex Pros – The U.S. dollar reversed losses against the Swiss franc on Thursday, rebounding from a 2-day low, as optimism over the economic recovery in the U.S. supported the greenback.

USD/CHF clawed up from 0.9820, the pair's lowest since Tuesday to hit 0.9893 during European early afternoon trade, gaining 0.32%.

The pair was likely to find support at 0.9725, the low of December 6 and resistance at 0.9949, the high of December 3.

The greenback advanced amid hopes that a … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Active ETFs Allow For Product Differentiation

Posted: 09 Dec 2010 04:00 AM PST

Actively-managed ETFs have continued to get attention from both the investing public and the manufacturers of the products that investors put their money in. The buzz generated about the Active ETF space since 2008 has no doubt been increasing because of the large number of major financial players that have filed applications with the SEC to receive approval to launch these products. These include the likes of Legg Mason, PIMCO, JP Morgan, Vanguard, T. Rowe Price and Eaton Vance – which just … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Erases Gains, Dips To Daily Low

Posted: 09 Dec 2010 03:36 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Thursday, retreating from a 2-day high amid thin trade volumes but the move lacked any clear driver.

EUR/USD retreated from 1.3323, the pair's highest since Tuesday, to hit 1.3211 during European morning trade, shedding 0.38%.

The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3437, the high of December 3.

Investors speculated that some possible reasons for the single currency's slide … [visit site to read more] or compare Best Credit Cards and Best CD Rates


TheTechnicalTake: TLT

Posted: 08 Dec 2010 08:37 AM PST

The move higher in long term Treasury yields, that I first started to write about on October 15, 2010, is beginning to pick up steam.  This can be seen in figure 1, a daily chart of the i-Shares Lehman 20 + year Bond Fund (symbol: TLT).  

Figure 1. TLT/ daily

As TLT moves lower, yields move higher.  Yesterday, TLT broke below a key support level at 94.65.  The next level of support comes in at 89.44.

While higher yields are in our immediate future, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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