Tuesday, December 21, 2010

DailyMarkets.com - How To Use Your Credit Cards To Save On Your Holiday Shopping

DailyMarkets.com - How To Use Your Credit Cards To Save On Your Holiday Shopping

How To Use Your Credit Cards To Save On Your Holiday Shopping

Posted: 21 Dec 2010 07:35 AM PST

Credit cards provide many advantages over debit cards when it comes to buying stuff. Sure, you can get into serious debt if you overspend on your credit card, but if you pay off your balance in full every month, you’ll only have benefits to reap from using your credit card. There are ways to take advantage of your credit card if you are looking to save money on your holiday shopping.

Discount On Discounts

Karen Hoxmeier, founder of MyBargainBuddy.com, told DailyMarkets.com how she used … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Peabody’s New Coal Backup

Posted: 21 Dec 2010 07:05 AM PST

Coal producer Peabody Energy Corporation (NYSE:BTU) signed a deal to avail coal from PT Supra Bara Energi (SBE) in Indonesia.
The coal sourced from SBE’s mine in East Kalimantan will be exported to customers located in the Asian Pacific Rim through Peabody’s COALTRADE international Singapore trading hub. Over the next five years, Peabody plans to supply several million tons of coal from SBE’s Indonesian mine.
Indonesia is the fastest-growing supplier of coal to the Asian countries in the Pacific … [visit site to read more] or compare Best Credit Cards and Best CD Rates

L-3 Comm Gets Air Force Contract

Posted: 21 Dec 2010 07:05 AM PST

L-3 Communications Holdings Inc.'s (NYSE:LLL) Systems Field Support (SFS) division was awarded an initial $8.6 million contract by the U.S. Air Force Air Education and Training Command (AETC) to provide trainer maintenance and precision measurement and equipment laboratory (PMEL) support. The total value of the five year contract if all options are exercised will be approximately $53 million.
Under this contract, L-3 Communications will support AETC's Training Wing in Texas. The company will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Advance On Earnings; Dow Jones Up 0.31%

Posted: 21 Dec 2010 06:57 AM PST

Forex Pros – U.S. stocks advanced after the open on Tuesday, as shares in the financial sector performed strongly and market sentiment was boosted by upbeat corporate earnings reports..   

During early U.S. trade, the Dow Jones Industrial Average rose 0.31%; the S&P 500 index climbed 0.41%, while the Nasdaq Composite index added 0.26%.

Shares in the financial sector performed strongly. Shares in the second largest U.S. lender JP Morgan-Chase climbed 1.28%, global … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Tuesday: Amazon, Adobe, American Express, ConocoPhillips, Schlumberger, Dell, BHP Billiton, Rio Tinto, Toronto-Dominion Bank, United Continental

Posted: 21 Dec 2010 06:46 AM PST

Most U.S. stocks rose, sending the S&P 500 Index to a two-year high, as analysts raised price estimates or ratings on companies including Amazon.com (NASDAQ:AMZN) and energy shares rallied. Amazon added 3.2% after Barclays (NYSE:BCS) boosted its share-price estimate. ConocoPhillips (NYSE:COP) and Schlumberger (NYSE:SLB) both gained at least 1%  as oil prices rebounded, leading energy shares to the biggest gain in the S&P 500 Index. Adobe (NASDAQ:ADBE) was up 8% after hours due to its first ever … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Toyota To Pay $32.4M In Fines

Posted: 21 Dec 2010 06:35 AM PST

The Transportation Department of U.S.has revealed that Toyota Motor Corp. (NYSE:TM) will pay $32.4 million in fines related to two separate investigations leading to late recall of millions of defective vehicles.
The automaker will pay the fines in addition to the highest-ever fine of $16.4 million paid earlier this year due to deliberate delay in recalling the vehicles by hiding its flaws. The manufacturers are however legally obligated to notify the U.S. safety regulators within five business … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raytheon To Acquire Applied Signal

Posted: 21 Dec 2010 06:35 AM PST

Defense player, Raytheon Company (NYSE:RTN) has entered into an agreement to acquire a major provider of communications signals, Applied Signal Technology Inc. (NASDAQ:APSG). The agreement has been approved by the boards of directors of both the companies.
Under the terms of the agreement, Raytheon will commence a tender offer to purchase all of the outstanding shares of Applied Signal Technology common stock. The deal was fixed at a price of $38 per share in cash and an aggregate purchase price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Transocean Vessel Starts Work

Posted: 21 Dec 2010 06:35 AM PST

World's largest offshore driller Transocean Inc. (RIG) notified that its newbuild ultra-deepwater drillship Discoverer India has started operations under a minimum five-year drilling contract with Reliance Industries. Reliance has the option – to be exercised by calendar year-end 2010 – to extend the contract period of the vessel to either seven or ten years.     
The Discoverer India, one of 25 ultra-deepwater floaters in the Transocean fleet, exhibits the most … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Alpha Natural Resources, Boeing Company, CarMax Inc, ConAgra Foods, Goldman Sachs Group, Hewlett-Packard Company, Jefferies Group, Massey Energy Company, Newell Rubbermaid, Toronto Dominion Bank, Wal-Mart Stores, Amazon.com, Apple, EBay, Martek Biosciences Corporation

Posted: 21 Dec 2010 06:35 AM PST

 Toronto-Dominion (NYSE:TD) announced plans to acquire Chrysler Financial for $6.3 billion

 Royal DSM said it would acquire Martek Biosciences (NASDAQ:MATK) for $1.09 billion, or $31.50 per share

 Alpha Natural Resources (NYSE:ANR) has shown interest for Massey Energy (NYSE:MEE)

 According to the WSJ, Wal-Mart (NYSE:WMT) has started giving customers $50 gift cards to purchasers of Apple’s (NASDAQ:AAPL) iPhone 4s

 Jefferies (NYSE:JEF) initiated coverage of Newell Rubbermaid (NYSE:NWL) at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rolling BLA For AMLN’s Metreleptin

Posted: 21 Dec 2010 06:35 AM PST

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) recently announced that it has initiated the filing of a rolling Biologics License Application (BLA) for metreleptin. The company is seeking US Food and Drug Administration (FDA) approval for the use of metreleptin in the treatment of diabetes and/or hypertriglyceridemia in patients with rare forms of lipodystrophy.
According to the company, a few thousand patients are afflicted by this ailment worldwide. Given the severity and rare nature of the disease, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Hits Daily High After Weak Canadian CPI Data

Posted: 21 Dec 2010 06:25 AM PST

Forex Pros- The U.S. dollar rose to a daily high against its Canadian counterpert on Tuesday, after official data showed that Canadian consumer price inflation rose less-than-expected in November.

USD/CAD hit 1.0207 European afternoon trade, the daily high; the pair subsequently consolidated at 1.0187, gaining 0.19%.

The pair was likely to find support at 1.0101, Monday's low and resistance at 1.0270, the high of December 1.

Statistics Canada said CPI, which includes more volatile food and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Rebound Expected

Posted: 21 Dec 2010 06:21 AM PST

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

Japanese Yen: Caution

Posted: 21 Dec 2010 06:21 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: 21 Dec 2010 06:21 AM PST

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

Euro: Rebound

Posted: 21 Dec 2010 06:21 AM PST

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

King Pharma Files NDA For Pain Drug

Posted: 21 Dec 2010 06:05 AM PST

King Pharmaceuticals, Inc. (NYSE:KG) and partner Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) recently announced the submission of a new drug application (NDA) for their opioid candidate, Acurox. The companies are seeking US Food and Drug Administration (FDA) approval for the use of Acurox (without niacin) for providing relief from moderate to severe pain.
Acurox has been developed using Acura's Aversion technology. King Pharma is seeking priority review for the candidate.
King Pharma and Acura had also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Leading Economic Indexes Showing Gains

Posted: 21 Dec 2010 06:01 AM PST

1. The Leading Economic Index for France increased 0.1% in October, following three consecutive strong monthly increases in July, August and September.

2. The Leading Economic Index for Australia increased 0.6 percent in October. 

3. The Leading Economic Index for Germany increased strongly again in October by 0.8%. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Surges Higher Off A Break Of Intraday Resistance

Posted: 21 Dec 2010 05:52 AM PST

Canada Core Retail Sales Rise More-than-expected In October

Posted: 21 Dec 2010 05:38 AM PST

Forex Pros – Core retail sales in Canada rose more-than-expected in October, increasing for the third consecutive month, official data showed on Tuesday.

In a report, Statistics Canada said core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.9% in October, after rising by 0.2% in September, whose figure was revised down from 0.4%.

Analysts had expected core retail sales to rise by 0.7% in October.

The report also showed that retail sales rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Spurts To The Upside. Test Resistance Levels

Posted: 21 Dec 2010 05:37 AM PST

The EURUSD has had 3 spurts today. One to the downside, and two to the upside. The most recent took the price above the 100 bar MA on the 5 minute chart toward the resistance level against the 38.2% retracement of the move down from Fridays high to the low (at 1.3195) and the high from yesterday's trade at 1.3185. For a look at the technical picture click on the following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Increase In Temp Help: Cyclical, Not Structural

Posted: 21 Dec 2010 05:37 AM PST

Tyler Cowen points to this NY Times article about the increase in temporary hiring in the post-recession recovery:

“This year, companies have hired temporary workers in significant numbers. In November, they accounted for 80 percent of the 50,000 jobs added by private sector employers, according to the Labor Department. Since the beginning of the year, employers have added a net 307,000 temporary workers, more than a quarter of the 1.17 million private sector jobs added in total.”

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

HCP Completes Share Offer

Posted: 21 Dec 2010 05:35 AM PST

HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently completed its secondary offering of 46 million common shares at $32.00 per share, including 6.0 million shares sold to the underwriters to cover the over-allotment options. The company had earlier announced a offer of 31 million shares, but was forced to increase the offer due to strong investor demand.
HCP raised approximately $1.47 billion of proceeds from the offer. The company will utilize … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HCP Completes Share Offer

Posted: 21 Dec 2010 05:35 AM PST

HCP Inc. (NYSE:HCP), the largest medical real estate investment trust (REIT) in the U.S., has recently completed its secondary offering of 46 million common shares at $32.00 per share, including 6.0 million shares sold to the underwriters to cover the over-allotment options. The company had earlier announced a offer of 31 million shares, but was forced to increase the offer due to strong investor demand.
HCP raised approximately $1.47 billion of proceeds from the offer. The company will utilize … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Biogen Strikes Deal With Neurimmune

Posted: 21 Dec 2010 05:35 AM PST

Biogen Idec (NASDAQ:BIIB) recently announced that it has acquired a subsidiary of privately held Swiss biotech company Neurimmune. Following this deal, Biogen will acquire worldwide rights to three immunotherapy programs which are currently in the pre-clinical stage.
Terms of the Deal
Per the terms of the deal, Biogen will make an upfront payment of $32.5 million. Besides this, the company could make contingent payments of up to $395 million. The three programs that will become a part of Biogen's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EURJPY Pares Gains On Possible Portugal Downgrade

Posted: 21 Dec 2010 05:21 AM PST

Forex Pros – The euro pared gains against the yen on Tuesday, retreating from the daily high after ratings agency Moody’s put Portugal's sovereign debt rating on review for a possible downgrade.

EUR/JPY retreated from 110.48, the daily high, to hit 110.14 during European afternoon trade, up 0.15%.

The pair was likely to find support at 109.56, Monday's low and resistance at 110.70, Monday's high.

Earlier Tuesday, Moody’s warned it may cut Portugal’s A1 rating by one or two notches … [visit site to read more] or compare Best Credit Cards and Best CD Rates

In Beijing We Trust As Portugal Goes On The Naughty List

Posted: 21 Dec 2010 05:20 AM PST

The euro got an earlier reprieve as investor sentiment was bolstered by soothing words from China’s Vice Premier Wang Qishan who paid tribute to European efforts to reverse its sovereign debt crisis. Portuguese sovereign debt, meanwhile, was put on negative watch for a possible downgrade. Stocks around the world continued to rally alongside commodity prices as risk appetite proved the path of least resistance. Subsiding tensions within the Korean peninsula also weighed on the dollar.
Euro – The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wikileaks Vs Wall Street

Posted: 21 Dec 2010 04:46 AM PST

Will Wikileaks 'regulate' Wall Street in a manner that Washington never would or could?
The technological revolution over the last few decades has taken us far further and far faster than many ever would have believed. Just think of your daily regimen and the number of times you utilize technology and equipment that were mere dreams not long ago. Every lane on the 'technological superhighway' would clearly seem to be high-speed and E-Z pass only. As individuals travel this highway the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits 2-day High As U.K. Public Borrowing Soars

Posted: 21 Dec 2010 04:28 AM PST

Forex Pros – The euro climbed to a 2-day high against the pound on Tuesday, after official data showed that U.K. public sector net borrowing unexpectedly surged in November, hitting its highest level on record.

EUR/GBP hit 0.8514 during European afternoon trade, the pair's highest since last Friday; the pair subsequently consolidated at 0.8511, gaining 0.56%.

The pair was likely to find support at 0.8445, Monday's low and short-term resistance at 0.8552, last Friday's high.

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

Stocks To Watch On Tuesday: Adobe, Chesapeake Energy, American Express, Paychex, Rio Tinto, AstraZeneca, Sanofi-Aventis, Novartis

Posted: 21 Dec 2010 04:10 AM PST

Rio Tinto (NYSE:RIO) – Co. formalised a bid for Riversdale Mining at around AUD 16 per share.

(The Australian)

UK

AstraZeneca (NYSE:AZN) – Co. has discontinued further development of Motavizumab for the Prophyaxis of serious respiratory syncytial virus disease. (Sources)

Admiral Group – Co. is subject to takeover speculation by Zurich Financial. (Sources)

Companies paying Dividend: Investec (GBP 0.0800)

US

Equities finished mixed after opening lower, following geopolitical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canada Core CPI Unexpectedly Flat In November

Posted: 21 Dec 2010 04:05 AM PST

Forex Pros – Core consumer price inflation in Canada was unexpectedly flat in November, official data showed on Tuesday.

In a report, Statistics Canada said that its core consumer price index, which excludes the 8 most volatile items, posted a flat reading of 0.0% in November, after rising by 0.4% in October.

Analysts had expected core CPI to increase by 0.2% in November.

The report also showed that CPI, which includes more volatile food and energy costs, rose less-than-expected, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Year In Review: 1 Big Positive Development And 3 Hurdles For Active ETFs

Posted: 21 Dec 2010 04:00 AM PST

In 2010, actively-managed ETFs in North America have generated a lot of buzz, investor interest as well as interest from the manufacturers of financial products. At the end of 2009, Active ETFs were still being seen as more of an experiment by some fund managers, trying to explore a new niche in the ETF landscape. That perception is starting to change, primarily because of growing issuer interest.
The Positive Development: Continuing Issuer Interest
We started off 2010 with a total of 22 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Amid Portugal Downgrade Concerns

Posted: 21 Dec 2010 03:57 AM PST

Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Tuesday, after Moody’s ratings agency put Portugal's sovereign debt rating on review, pending a possible downgrade.

During European early afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.20% to hit 1.3157.

Moody’s warned it may cut Portugal’s A1 rating by one or two notches, citing concerns over the country's weak economic outlook and high borrowing costs.

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

British Pound Under Pressure As Net Borrowing Rises To Record 22.8 Billion Pounds

Posted: 21 Dec 2010 03:45 AM PST

        

Fundamental Headlines
• Moody's Warn's It May Cut Portugal's Rating – Wall Street Journal
• China Support EU Measures – Wall Street Journal
• Risk Rally Resumes as Korea Tensions Ease – Financial Times
• Spain Sells 3.88 Billion Euros of Bills as Borrowing Costs Jump – Bloomberg
• Stocks, Euro, Commodities Gain as Korea Tensions Ease – Bloomberg
GBPUSD: Public sector net borrowing in the U.K. rose to 22.8 billion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Saxo’s Outrageous Predictions For 2011

Posted: 21 Dec 2010 03:25 AM PST

Apple will buy up Facebook, Congress will block QE3 and the Australian dollar will sink versus sterling. These are just some of the outrageous predictions for 2011 put forward by Saxo Bank.
The 10 predictions are:
•  U.S Congress blocks Bernanke's QE3
•  Apple buys Facebook
•  U.S. Dollar Index tops 100
•  U.S. 30-year Treasury yield slides to 3%
•  Aussie-sterling dives 25%
•  Crude oil gushes before correcting by one third
•  Natural gas … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Technical Talk: Stock Markets – Expect The Unexpected

Posted: 21 Dec 2010 03:21 AM PST

The comments below were provided by Kevin Lane of Fusion IQ.
While it should be a quiet holiday week of trading, we have grown accustomed to expect the unexpected! As the NY Football Giants so shockingly reminded us all yesterday, anything can happen at any time – as the old adage goes: "it ain't over until it's over!" While there are only two weeks left in 2010, and the end of the race is in sight, history teaches us you can't just put it in neutral … you still have to run across … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Horizonte Minerals Pushes Ahead With Araguaia Drilling Programme

Posted: 21 Dec 2010 12:38 AM PST

Horizonte Minerals (LON:HZM) , the AIM quoted mineral exploration and development company operating in Brazil, reported this morning that a 7,350 metre Phase 1 drilling programme was underway at its 100% owned Araguaia Nickel Project in the Carajas Mineral District. Thirty diamond drill holes have been completed to date and work has already been completed on the Pequizeiro West target. Three drill rigs are currently on site and a fourth is due to be operational in January 2011.

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

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