DailyMarkets.com - TI Mid-Quarter Update-No Surprises

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• TI Mid-Quarter Update-No Surprises
• J2 Global In Buying Spree
• Illinois Acquires Car Care Business
• CEMIG Upgraded To Neutral
• Swiss Franc: Intraday Support Around 97
• Australian Dollar: Bullish Bias Above 9825
• Canadian Dollar: Rebound In Sight
• Japanese Yen: Caution
• British Pound: Rebound
• Euro: Rebound Expected
• Limited Brands To Outperform
• PACCAR Declares Special Dividend
• Forex – EUR/USD Down At The End Of European Session
• Website Announcement
• Apache Completes $1B Bond Issue
• New York Times Sees Improvement
• Asia Transaction Volumes Rise: JLL
• Forex Trading: GBPUSD Holds Its Support Level And Bounces
• Host Hotels Acquires Assets
• Phase III Data On PFE’s Bosutinib
• Forest Inks Deal For Pain Drugs
• Global Bond Slide Drives U.S. Yields To Six Month Peak
• Forex – Broadly Stronger Dollar Up Against Most Rivals
• Morning News Notes: 12.8.10
• Forex Trading: EURUSD Not Behaving Nicely Today
• Opening Bell Market Monitor: HD, MCD, TXN
• Probably The Best Feedback A Teacher Can Get
• Forex – GBP/USD Trims Gains, Retreating From 10-day High
• No Discount For Costco: Quarterly Profit Improves
• Forex – EUR/USD Pares Losses As Treasury Yields Support Dollar
• Morning News Notes: 12.7.10

TI Mid-Quarter Update-No Surprises Posted: 08 Dec 2010 10:05 AM PST Texas Instruments Inc. (TXN, or "TI") narrowed its fourth quarter guidance yesterday, as market trends are tracking in line with management's expectations. Accordingly, revenue is now expected to come in at $3.43-3.57 billion compared to previous expectations of $3.36-3.64 billion. TI also narrowed the EPS guidance, expecting it to lie in the 61-65 cent range compared to previous expectations of 59-67 cents. The third quarter strength in the U.S. is expected to soften somewhat in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

J2 Global In Buying Spree Posted: 08 Dec 2010 10:05 AM PST j2 Global Communications Inc. (NASDAQ:JCOM), a leading unified collaborative messaging solutions provider, recently acquired Canada-based Protus IP Solutions Inc. Protus is a Software-as-a-service (SaaS) solutions provider for business enterprises.  j2 Global paid approximately $213 million in cash for this acquisition. This deal was funded from j2 Global's cash on hand. The company has an exceptionally strong balance sheet. At the end of the third quarter of 2010, it had around $5.93 per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Illinois Acquires Car Care Business Posted: 08 Dec 2010 09:35 AM PST Illinois Tool Works Inc. (NYSE:ITW), in an effort to expand its car care solutions business globally, announced an agreement to acquire Shell SOPUS Products’ car care business for an undisclosed amount. The accomplishment of the deal is subject to the approval of the regulatory authorities. The assets acquired are expected to improve the vehicle owner’s windshield visibility, protecting and cleaning vehicles, and improving vehicle performance. It includes brands such as Rain-X, Black Magic and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CEMIG Upgraded To Neutral Posted: 08 Dec 2010 09:20 AM PST We recently upgraded Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, from an Underperform to a Neutral recommendation. CEMIG is one of the largest integrated electric utilities in Brazil. It has more than 6,716 megawatts of installed generation capacity, deriving approximately 97% from hydroelectric power.  We believe CEMIG is well positioned to benefit from the rising demand for electricity in Brazil. Its integrated nature of activity (generating and distributing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Intraday Support Around 97 Posted: 08 Dec 2010 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Bullish Bias Above 9825 Posted: 08 Dec 2010 09:19 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: 08 Dec 2010 09:19 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: 08 Dec 2010 09:19 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: 08 Dec 2010 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: Rebound Expected Posted: 08 Dec 2010 09:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Limited Brands To Outperform Posted: 08 Dec 2010 09:05 AM PST We recently upgraded our recommendation on Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, to Outperform with the price target of $35.00. Earlier, we had a ‘Neutral recommendation on the stock. Limited Brands' sustained focus on cost containment, inventory management, and merchandise initiatives has kept it afloat in a sluggish retail environment as evident from its healthy third-quarter 2010 results. Consequently, management raised its fiscal 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PACCAR Declares Special Dividend Posted: 08 Dec 2010 09:05 AM PST PACCAR Inc. (NASDAQ:PCAR) has declared to pay a special cash dividend of 30 cents per share on December 29, 2010 to stockholders of record at the close of business on December 17, 2010. The special dividend comes on top of a regular cash dividend, which has been raised this year to 12 cents per share. The hiked regular dividend has already been paid on December 6, 2010 to shareholders of record as of November 19, 2010. The next installment will be paid on March 7, 2011, to stockholders of record at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 08 Dec 2010 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3244, down 0.13% at time of writing. The pair was likely to find support at 1.3180, today's low, and resistance at 1.3438, Friday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.35% to hit 0.8386 and EUR/JPY rising 0.65% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Website Announcement Posted: 08 Dec 2010 08:59 AM PST I am sorry for the decrease in the amount of articles I have been posting. I have several plans for the site which will hopefully increase the amount of quality content, and the overall design. Details will follow. In the meantime I wanted to let the readers know about two features which I have not publicized on this site (not for any particular reason, I just never got around to it). I have a Scribd account which can be found at the following link http://www.scribd.com/documents , I … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apache Completes $1B Bond Issue Posted: 08 Dec 2010 08:31 AM PST U.S.energy firm Apache Corp. (APA) closed its previously announced public offering of bonds – 3.625% notes due 2021 and 5.25% notes due 2042 – aggregating $1 billion ($500 million for each tranche of senior notes). The company plans to use the net proceeds from this offering – approximately $977 million after the underwriting discount and estimated offering expenses – to pay back the outstanding debt associated with the purchase of Mariner Energy Inc. On November 10, Apache completed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

New York Times Sees Improvement Posted: 08 Dec 2010 08:31 AM PST The New York Times Company (NYSE:NYT) hinted that it expects fiscal 2010 operating profit excluding depreciation, amortization, severance and special items to improve significantly over the prior-year, buoyed by improving trends in print advertising and effective cost management. The publisher of The New York Times, the International Herald Tribune, The Boston Globe and 15 other daily newspapers now expects the rate of fall in print advertising revenue to  tumble down to 4% in fourth-quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Transaction Volumes Rise: JLL Posted: 08 Dec 2010 08:31 AM PST According to a report published by Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), direct commercial property transaction volume in the Asia-Pacific region increased 14% sequentially to $18.2 billion in the third quarter 2010 with strong performance in Singapore, Australia and China. The report further anticipates the transaction volume tally to grow 15% in 2011 to about $88 billion. The report cited that Singapore had recorded a 358% rise in transaction … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Holds Its Support Level And Bounces Posted: 08 Dec 2010 08:31 AM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Host Hotels Acquires Assets Posted: 08 Dec 2010 08:31 AM PST Host Hotels & Resorts Inc. (NYSE:HST), the largest lodging real estate investment trust (REIT) in the U.S., has recently decided to acquire seven hotels in New Zealand for $143 million. The transaction is expected to complete by January 2011. Host Hotels purchased six hotels from the affiliates of Tourism Asset Holdings Ltd. – the largest owner of hotels in Australia and New Zealand, while the remaining was acquired from an affiliate of Accor – the world’s leading hotel manager and market … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Phase III Data On PFE’s Bosutinib Posted: 08 Dec 2010 08:31 AM PST Pfizer Inc. (NYSE:PFE) recently presented data on its chronic myeloid leukemia (CML) candidate, bosutinib. Results from an ongoing phase III study (BELA – Bosutinib Efficacy and safety in chronic myeloid LeukemiA) showed that bosutinib failed to achieve the primary endpoint of superior complete cytogenetic response (CCyR). However, the candidate achieved a secondary endpoint in the study that was conducted in newly diagnosed patients with chronic phase Philadelphia chromosome positive (Ph+) CML. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forest Inks Deal For Pain Drugs Posted: 08 Dec 2010 08:31 AM PST Forest Labs (NYSE:FRX) recently entered into an agreement with Gruenenthal GmbH for the development and commercialization of two pain management candidates. The license agreement covers GRT 6005, a novel oral small molecule analgesic and its follow-on compound, GRT 6006. Terms of the Deal Per the terms of the deal, Forest Labs will make an undisclosed upfront license payment to Gruenenthal. Besides this, Forest Labs will make payments on the achievement of development and commercialization … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Bond Slide Drives U.S. Yields To Six Month Peak Posted: 08 Dec 2010 08:11 AM PST The world in which investors took solace in lowly yields on account of sovereign debt crises in the Eurozone and fears over the health of global recovery has suddenly changed after agreement to keep tax cuts in place. The lifeline for tax cuts stemming from the era of President Bush is set to add to consumption and will deliver a pace of growth that should return a 5% unemployment rate to the U.S. economy before 2014. Fixed income investors have been led up the garden path by Chicken Littles … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Broadly Stronger Dollar Up Against Most Rivals Posted: 08 Dec 2010 07:52 AM PST Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as investors eyed the short-term gains the U.S. economy could receive from a proposed extension of tax cuts. During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3211. Earlier in the day, official data showed that German industrial production rose significantly more-than-expected in October, led by demand for investor goods, such as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 12.8.10 Posted: 08 Dec 2010 07:48 AM PST The morning news notes as prepared by TL…comments on housing by Toll Brothers’ CEO, worldwide auto sales, Build America Bond Program, tax compromise runs into resistance, economists raise growth projections for 2011, Fannie Mae and Freddie Mac in discussions with Treasury and White House on mortgage principle reduction plans, and consumer credit in US. “Morning News Notes: December 8, 2010″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Not Behaving Nicely Today Posted: 08 Dec 2010 07:43 AM PST Non-trending volatility is the order of the day in a below normal trading range. The high to low range is below 100 pips for the EURUSD but the up and down action is evident. This suggests the market is unsure of the direction and looking for clues. As a result risk is elevated. Adjust position size accordingly. A break below 1.3192 should solicit additional selling while a break above 1.3277 is needed for the bulls. In between bias will shift on moves above and below the 100 and 200 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: HD, MCD, TXN Posted: 08 Dec 2010 07:38 AM PST 12/08/10 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

Probably The Best Feedback A Teacher Can Get Posted: 08 Dec 2010 07:35 AM PST From one of my students after a recent MBA economics class:  “I learned a great deal in your class, and had a lot of my assumptions challenged. Thanks for giving my brain a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains, Retreating From 10-day High Posted: 08 Dec 2010 07:34 AM PST Forex Pros – The pound trimmed gains against the U.S. dollar on Wednesday, retreating from a 10-day high, as proposed U.S. tax cuts increased expectations for U.S. economic growth. GBP/USD retreated from 1.5823, the pair's highest since November 24, to hit 1.5771 during European afternoon trade, gaining 0.09%. Cable was likely to find support at 1.5580, the low of December 3 and resistance at 1.5964, the high of November 23. The proposal by U.S. President Barack Obama to extend tax cuts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

No Discount For Costco: Quarterly Profit Improves Posted: 08 Dec 2010 02:31 AM PST 12/08/10 The Costco Wholesale Corp. (COST) announced that its fiscal 1Q profit improved to $312 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Pares Losses As Treasury Yields Support Dollar Posted: 08 Dec 2010 07:26 AM PST Forex Pros – The euro pared losses against the U.S. dollar on Wednesday, edging back from a 4-day low but a rise in longer-term U.S. Treasury yields continued to support the dollar. EUR/USD clawed up from 1.3179, the pair's lowest since December 2, to hit 1.3229 during European afternoon trade, shedding 0.23%. The pair was likely to find support at 1.3059, the low of December 2 and resistance at 1.3421, the high of December 6. The proposal by U.S. President Barack Obama to extend tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 12.7.10 Posted: 07 Dec 2010 09:12 AM PST The morning news notes as prepared by TL…Bush era tax breaks to be extended, hiring picks up around the globe, Greece, Ireland, European Commission covers up a report, and more on White House/ GOP tax plan. “Morning News Notes: December 7, 2010″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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