Monday, December 13, 2010

DailyMarkets.com - Deere Sells Wind Biz To Exelon

DailyMarkets.com - Deere Sells Wind Biz To Exelon

Deere Sells Wind Biz To Exelon

Posted: 13 Dec 2010 11:35 AM PST

Deere & Co. (NYSE:DE) completed the sale of its wind energy business, John Deere Renewables, LLC, to Exelon Corp.'s (NYSE:EXC) wholly owned subsidiary, Exelon Generation Company. The deal, valued at $900 million, includes a provision for $40 million upon commencement of construction of the advanced development projects.
John Deere Renewables invests in and provides value-added services for wind project development. These services include comprehensive project development services, wind turbine … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Community Health May Up Tenet Bid

Posted: 13 Dec 2010 11:35 AM PST

In order to get hold of Tenet Healthcare Corporation (NYSE:THC), Community Health Systems Inc. (NYSE:CYH) may push the bid higher to keep away other potential bidders for Tenet.
Community Health initially approached Tenet in the form of a letter on November 12, but was rejected. However, Community Health again followed up on December 9, with an identical offer as before.
According to the acquisition deal, Community Health has offered to acquire all the outstanding shares of Tenet for $6.00 per share, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JetBlue Traffic Up In November

Posted: 13 Dec 2010 11:05 AM PST

JetBlue Airways Corporation (NASDAQ:JBLU) reported its preliminary traffic results for November 2010. The company's traffic in the month escalated 11.7% to 2.3 billion compared with 2.0 billion as of November 2009.
Month-ending November 2010, JetBlue Airways' available seat miles were approximately 2.8 billion, up 6.9% compared with the year-ago period. Load factor was up 3.5 points to 80.9% versus 77.4% in the corresponding month of 2009.
Revenue passengers upped 12.4% to 2.0 billion compared … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lockheed Gets Trident Contract

Posted: 13 Dec 2010 11:05 AM PST

Lockheed Martin Corporation (NYSE:LMT) has received a $921 million Navy contract to manufacture Trident II missiles and provide related support services. Work on the contract will be performed in Sunnyvale, California; Bangor, Washington; Kings Bays, Georgia; and Cocoa Beach, Florida. Lockheed Martin expects to finish work on the contract by April 30, 2016.
Lockheed Martin is the sole supplier of strategic fleet ballistic missiles to the U.S. Navy since 1955. The Trident II is the only current … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Steady, Remains Above $88

Posted: 13 Dec 2010 10:57 AM PST

12/13/10 Front month crude prices remained above $88 a barrel this session as investors continue to keep an eye on the EU’s decision on how to stem the debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Loss At BIOD Narrower Than Expected

Posted: 13 Dec 2010 10:35 AM PST

Biodel Inc.’s (NASDAQ:BIOD) fourth quarter fiscal 2010 (ended September 30) loss of 31 cents per share was narrower than the loss of 37 cents indicated by the Zacks Consensus Estimate. The biopharmaceutical company reported a loss of 44 cents per share in the year-ago quarter. The narrower loss was primarily attributable to the lower spend on research & development (R&D) in the final quarter of fiscal 2010.
The company, like a year ago, did not report revenues in the reported quarter as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE To Bid For Wellstream Holdings

Posted: 13 Dec 2010 10:35 AM PST

General Electric Company (NYSE:GE) is likely to launch a bid of £755 million plus ($1.2 billion+) for takeover of British oilfield services company Wellstream Holdings.
GE had announced in October 2010 that Wellstream rejected an earlier bid valuing the company at £755 million.
Wellstream manufactures flexible pipes used by oil companies in deep sea water, an area with high growth possibilities due to major finds in Brazil.
For GE, the deal will mark its second substantial acquisition in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDJPY Falls To Test Support Line

Posted: 13 Dec 2010 10:25 AM PST

“The Market Will Continue To Move Higher”

Posted: 13 Dec 2010 10:21 AM PST

12/13/10 ICAP’s Kenneth Polcari discusses today’s market moving fundamentals, and provides his short-term expectations for US … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SanDisk Corp. Call Buyers At It Again As Shares Secure New 52-week High

Posted: 13 Dec 2010 10:13 AM PST

SanDisk Corp. call buyers at it again as shares secure new 52-week high
Today’s tickers: SNDK, XCO, GIII & CFN
SanDisk Corp. (NASDAQ:SNDK) – Bulls are picking up in- and out-of-the-money call options on the maker of flash-based storage products once again today with shares in SanDisk Corp. trading 1.5% higher this afternoon at $50.35 just before 1:00 pm. Earlier in the session, SanDisk’s shares jumped 2.75% to hit an intraday- and new 52-week high of $50.97. Near-term bullish players purchased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD Sets Up Range Between 1.3280 And 1.3180

Posted: 13 Dec 2010 10:10 AM PST

EUR/USD Sets up Range Between 1.3280 and 1.3180
Resistance pivot 1 (50% retracement):  1.3280 (cracking); Resistance 2 (61.8% retracement): 1.3315-1.3320,
Resistance 3 (target if 1.3315 is broken) 1.3450
Support pivot 1: 1.3180; Support 2 (61.8% retracement): 1.3150; Support 3(target if 1.3150 is broken): 1.2970

EUR/USD 12/13/2010 4H and 1H Charts

- The EUR/USD is starting the week strong. After attempting to test previous week's low the market showed respect to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Navistar Wins $123 Million Contract

Posted: 13 Dec 2010 10:05 AM PST

Navistar International Corporation (NYSE:NAV) announced that it has received an order worth $123 million from U.S. Marine Corps Systems to supply 175 units of International MaxxPro Dash vehicles with DXM independent suspension. The order also includes supply of parts for the company's Mine Resistant Ambush Protected (MRAP) vehicles.
The order comes on top of the company's award to supply MaxxPro Recovery vehicles received last month. In fact, the company has been contracted to produce more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NOV Completes APL Buy

Posted: 13 Dec 2010 10:05 AM PST

Oilfield services company National-Oilwell Varco (NOV) has closed its previously announced acquisition of Advanced Production and Loading Plc ("APL"), a subsidiary of Norway-based BW Offshore Ltd. The financial terms of the transaction were not disclosed.
APL is a maker of turret mooring systems and other products for floating production storage and offloading vessel ("FPSO") vessels, as well as for other offshore vessels and terminals.
The APL deal is expected to offer National-Oilwell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Breakout Level And Chart For Sandisk

Posted: 13 Dec 2010 09:51 AM PST

Sandisk (NASDAQ:SNDK) has been an interesting stock and is currently knocking at – or perhaps breaking through – key overhead resistance at the $50 per share level.

Let's take a look at the current chart picture, note key levels to watch, and the dominant larger-scale "IF/THEN" logic to monitor as the weeks go on from here.

First, SNDK's Weekly Chart:

Cutting right to the chase, a breakout firmly (for more than a day or two) above the key resistance at $50 could lead to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Legg Mason’s November AUM Falls

Posted: 13 Dec 2010 09:35 AM PST

Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a drop in its assets under management (AUM) in November following a small rise in October. The company reported preliminary month-end AUM of $667.7 billion for November, down 1.3% from $676.6 billion at the end of the prior month. The decline primarily reflects a fall in fixed income AUM. The company posted around 0.5% increase in AUM in October.
While Legg Mason's equity AUM in November was slightly down by 0.5% from the prior month to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ford To Open New Plant In China

Posted: 13 Dec 2010 09:20 AM PST

A news agency in China revealed that Ford Motor Co. (NYSE:F) will build a new plant in the Nanchang city of China's Jiangxi province in 2011. The facility will start operation in 2013.
Ford's plan to build the new plant in China is no doubt a part of its strategy to expand in the emerging countries, including Argentina, Brazil, China, India and Thailand. Through the plan, the automaker aims to tap the growing market potential in the countries, especially those in Asia.
Since 2009, Ford has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telekomunikasi To Underperform

Posted: 13 Dec 2010 09:05 AM PST

We downgrade our recommendation for P.T.Telekomunikasi Indonesia Tbk (NYSE:TLK) to Underperform following our assessment that the company will face severe competitive pressure in 2011.  We expect future sales to remain lumpy as both wireless and wireline telephone markets become competitive in Indonesia. Operating expenses will also increase due to network upgrades and promotional activities.
Recently, Telekomunikasi declared that its fiscal 2010 revenue will decline by 4-6% year over year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Closer Look At Grupo TMMs Dominant Segment

Posted: 13 Dec 2010 09:05 AM PST

Ken Nagy, CFA
 
GrupoTMM (NYSE:TMM) Maritime division is the dominant business at TMM. The fleet has been updated. In 2008 and 2009 alone the firm added 10 offshore vessels and 3 tankers. The division enjoys higher than average utilization.
The Maritime division is further broken down into 4 segments; Offshore Vessels, Product Tankers, Chemical Tankers, and Harbor towing.
 
 

The Maritime Operations division provides maritime transportation services, including offshore vessels … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Powers To Topside Resistance

Posted: 13 Dec 2010 08:47 AM PST

The GBPUSD has powered sharply higher today and moved to topside trendline resistance. The ability to hold trendline resistance at the 1.5875 area, give longs a reason to sell (stop above). So expect some corrective action. Support comes in at the 1.5838 level and then the 1.5815 level (38.2% of the move up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Good News For St. Jude Angio-Seal

Posted: 13 Dec 2010 08:35 AM PST

Recently published results from the Cardiovascular and Interventional Radiological Society of Europe ("CIRSE") vascular closure device registry further validated the safety and efficacy of medical devices major St. Jude Medical’s (NYSE:STJ) Angio-Seal vascular closure device. Organized by the CIRSE, the registry is evaluating the performance of vascular closure devices in interventional radiology ("IR") procedures.
The CIRSE registry collected data from more than 1,100 patients enrolled at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aetna Invests In Technology

Posted: 13 Dec 2010 08:35 AM PST

In an effort to improve health care cost and quality, Aetna Inc. (NYSE:AET) announced last week the intention to acquire health information exchange technology provider – Medicity Inc.
The acquisition of Medicity based in Salt Lake City, is expected to cost $500 million to Aetna. The purchase will be funded via in house resources and will not be accretive to 2011 earnings. Medicity connects 760 hospitals and 125,000 physicians.
The acquisition of Medicity will help Aetna, the third largest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: DELL, CML, GE, TMO, DNEX

Posted: 13 Dec 2010 08:30 AM PST

12/13/10 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

Australian Dollar: Bullish Bias Above 9825

Posted: 13 Dec 2010 08:20 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: 13 Dec 2010 08:20 AM PST

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

Are Natural Gas Prices Finally Finding A Bottom?

Posted: 13 Dec 2010 08:19 AM PST

Today’s Idea
With a rounded bottom formation appearing on the daily chart for February Natural Gas, it does appear that the October low of 3.894 should act as a strong support level. Some traders who anticipate that this key price level will hold may wish to explore selling puts in Natural Gas futures options with a strike price below support at 3.894. For example, with February Natural Gas trading at 4.428 as of this writing, the February Natural Gas 3.75 puts could be sold for about 0.050, or … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Toys R Us’ 3Q Loss Expands On “pop-up” Stores

Posted: 13 Dec 2010 03:19 AM PST

12/13/10 Toys R Us Incorporated announced Friday that its 3Q losses expanded following rising costs to open more “pp-up” … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oracle Wants SAP To Pay More

Posted: 13 Dec 2010 08:15 AM PST

In November 2010, a federal jury in California ordered SAP AG (NYSE:SAP) to pay $1.3 billion, one of the highest amounts ever paid in software piracy, to Oracle Corp. (NASDAQ:ORCL) as a compensation for copyright infringement. In addition, Oracle has now asked federal judge to order SAP to pay about $211.6 in prejudgment interest.
As per the agreement between both the parties, SAP will be paying attorney fees of $120 million. However, SAP disagreed on Oracle's demand for a prejudgment interest.
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MoneyGram Reduces Debt

Posted: 13 Dec 2010 08:15 AM PST

Taking its debt reduction initiative one step ahead, on Friday MoneyGram International Inc. (NYSE:MGI) announced an optional prepayment of $75 million against its  tranche B term loan under its senior secured credit facility.
MoneyGram reduced its loan by 7.5% by repaying a significant part on Friday, thereby lowering its total outstanding debt by 35% to $352 million ever since January 2009.
MoneyGram has been continuously making steady attempts to discard its debt under the senior secured … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Equity One To Offer Common Shares

Posted: 13 Dec 2010 08:15 AM PST

Equity One Inc. (NYSE:EQY), a real estate investment trust (REIT) engaged in the ownership, management, and development of neighborhood and community shopping centers in the U.S., has recently announced its offer of 8 million common shares at $16.90 per share. The company will also grant the underwriters an option to purchase an additional 1.2 million shares to cover any over-allotments.
Barclays Capital Inc., the investment banking division of Barclays plc (NYSE:BCS), is acting as the sole … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Surges Higher. 1.5860-68 Next Key Resistance

Posted: 13 Dec 2010 07:42 AM PST

In an earlier post today, I commented that the 100 day MA at the 1.5747 level was a key level to hold on the downside.  The GBPUSD price dipped to the level and then took off to the upside (see 5 minute chart above).  The price is now testing the high from Friday at the 1.5860 (high reached … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bond Traders Remain Wary Of Returning Growth

Posted: 13 Dec 2010 07:29 AM PST

Monday is proving to be another tough start to the week for bond investors after U.S. yields rose by 31 basis points last week. A theme of more solid recovery continues to bolster demand for stocks and commodities and at the same time reduce the need for the traditional safe haven status of bonds.
Eurodollar futures – Investors’ confidence in the health of the economic recovery has turned 180-degrees in the space of less than a week following the Washington tax deal of last week. Incrementally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ReNeuron Raises £10m To Fund Clinical Development Programmes

Posted: 13 Dec 2010 02:18 AM PST

Reneuron Group (LON:RENE) , the AIM listed biotechnology group behind the development of treatments using stem cell technology, has raised £10m before expenses in a share placing priced at 5.5p per share. The move, which remains subject to shareholder approval and foresees a three stage admission of shares to trading during the course of December, also saw ReNeuron's directors buy up stock at the same price. The company said the cash boost would give it sufficient working capital to fund the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment