DailyMarkets.com - Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Fed Become Some Kind Of Financial God?
DailyMarkets.com - Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Fed Become Some Kind Of Financial God? |
- Trillions In Secret Fed Bailouts For Global Corporations And Foreign Banks – Has The Fed Become Some Kind Of Financial God?
- Stocks To Watch On Friday: AIG, Rio Tinto, BHP Billiton, AstraZeneca, Sanofi-Aventis, SAP, Rolls Royce
- South Africa To Be Victim Or Beneficiary?
- Time To Get Out Of Iron Mountain Shares
- Laugh Out Loud: This Holiday Season’s Hottest Item …
- Lower Home Sales: The Tax Credit Dent
- Lower Home Sales: The Tax Credit Dent
- Forex Trading: Eurozone Retail Sales
- Forex Trading: Eurozone Final Services PMI
- New Engine For Airbus A320
- New Engine For Airbus A320
- Philips Launches New X-Ray System
- Philips Launches New X-Ray System
- Endo Pharma Takes Over Qualitest
- Endo Pharma Takes Over Qualitest
- TECO Energy Alters Debt Swap Offer
- TECO Energy Alters Debt Swap Offer
- NiSource Sells Debt To Fund Buyback
- NiSource Sells Debt To Fund Buyback
- Aegon Restructures US Business
- Neutral On IntercontinentalExchange
- Enrollment For Medivation Study
- Cemig Declares Dividend Distribution
- D&B Partners With Informatica
- Micromet Downgraded To Neutral
- Aggressive Growth Stock: ROFIN-SINAR
- Bull Of The Day: Shutterfly, Inc. (SFLY)
- Bear Of The Day: Central Garden And Pet (CENT)
- Momentum Stock: DSW Inc.
- Crude Oil Extends Gains, Gold Stalls Despite Investment Demand Increase
- The Christmas Stock Market Rally Could Be Gearing Up For A Good One
- Gold Will Target $1480-$1525 Before A Major Pullback
- Bearish Reversal Seen On DMCI Holdings
- Pragmatic ECB Squares The Circle – Whatever It Takes
- Crude On Pace For A Two-Year High, Gold Stuggles Ahead Of NFPs
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.95%
- Forex – GBP/USD Down During The U.S. Session
- Forex – USD/CAD Down During The U.S. Session
- Forex – EUR/USD Up On Economic Data
- Forex – AUD/USD Up On Economic Data
- Forex – NZD/USD Up On Economic Data
- European Markets Close Higher; Dax Up 1.32%
Posted: 03 Dec 2010 03:35 AM PST Has the Federal Reserve become the Central Bank of the World? That is what some members of Congress are asking after the Federal Reserve revealed the details of 21,000 transactions stretching from December 2007 to July 2010 that totaled more than $3 trillion on Wednesday. Most of these transactions involved giant loans that were nearly interest-free from the Federal Reserve to some of the largest banks, financial institutions and corporations all over the world. In fact, it turns … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 03 Dec 2010 03:32 AM PST Rio Tinto (NYSE:RIO) – Co. will not buy any iron ore groups in Australia. (Australian Financial Review) In other news, co. and Sinosteel Corporation have agreed the extension of their Channar Mining joint venture in the Pilbara region of Western Australia. UK BHP Billiton (NYSE:BHP) – Co. said it is seeking an 8% increase in coking coal prices to USD 225 a tonne from next quarter in talks with Japanese steelmakers. (Nikkei) AstraZeneca (NYSE:AZN) – Co. announced that the US FDA … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
South Africa To Be Victim Or Beneficiary? Posted: 03 Dec 2010 03:05 AM PST By Cees Bruggemans, Chief Economist of FNB. |
Time To Get Out Of Iron Mountain Shares Posted: 03 Dec 2010 03:00 AM PST There have been some disturbing news on Iron Mountain Inc (NYSE:IRM). In the recent released 13-F filing, Buffett's Berkshire Hathaway (BRK-B) (BRK-A) announced the liquidation of its entire stake in the company as of September 30. Hathaway had earlier in the year added 205,200 shares in taking its total Iron Mountain holdings to 8 million. This sale is an undeniably unwelcome development at the data and document management outfit, which report some uninspiring results in its recent … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Laugh Out Loud: This Holiday Season’s Hottest Item … Posted: 03 Dec 2010 02:55 AM PST |
Lower Home Sales: The Tax Credit Dent Posted: 03 Dec 2010 02:35 AM PST So paperwork flaw can be let off the hook, it seems. We had earlier been worried that the chaos in foreclosure documentation would lead to lower home sales. |
Lower Home Sales: The Tax Credit Dent Posted: 03 Dec 2010 02:05 AM PST So paperwork flaw can be let off the hook, it seems. We had earlier been worried that the chaos in foreclosure documentation would lead to lower home sales. |
Forex Trading: Eurozone Retail Sales Posted: 03 Dec 2010 02:03 AM PST EZ Retail Sales m/m came in at 0.5%, stronger than the 0.4% expected. |
Forex Trading: Eurozone Final Services PMI Posted: 03 Dec 2010 01:03 AM PST EZ Final Services PMI came in at 55.4, stronger than the 55.2 expected. |
Posted: 03 Dec 2010 12:05 AM PST Pratt & Whitney, a United Technologies Corp. (NYSE:UTX) company, has offered its PurePower PW1100G geared turbofan engine as an alternative, new fuel-efficient engine for the Airbus A320 family of aircraft. The A320 with the new engine is scheduled to enter commercial service from 2016. |
Posted: 03 Dec 2010 12:05 AM PST Pratt & Whitney, a United Technologies Corp. (NYSE:UTX) company, has offered its PurePower PW1100G geared turbofan engine as an alternative, new fuel-efficient engine for the Airbus A320 family of aircraft. The A320 with the new engine is scheduled to enter commercial service from 2016. |
Philips Launches New X-Ray System Posted: 03 Dec 2010 12:05 AM PST At the 96th annual meeting of the Radiological Society of North America (RSNA) in Chicago, Royal Philips Electronics (NYSE:PHG) revealed its two adaptable diagnostic X-ray solutions, Juno DRF and the DigitalDiagnost – ER Wireless X-ray system. Both these integrated technologies from Phillips Healthcare enhance its product offering providing cost-effective healthcare solutions to patients, particularly in the emergency situation. |
Philips Launches New X-Ray System Posted: 03 Dec 2010 12:05 AM PST At the 96th annual meeting of the Radiological Society of North America (RSNA) in Chicago, Royal Philips Electronics (NYSE:PHG) revealed its two adaptable diagnostic X-ray solutions, Juno DRF and the DigitalDiagnost – ER Wireless X-ray system. Both these integrated technologies from Phillips Healthcare enhance its product offering providing cost-effective healthcare solutions to patients, particularly in the emergency situation. |
Endo Pharma Takes Over Qualitest Posted: 03 Dec 2010 12:05 AM PST Recently, Endo Pharmaceuticals Holdings Inc. (NASDAQ:ENDP) acquired privately-held Qualitest Pharmaceuticals (a generic company) for $1.2 billion in cash. |
Endo Pharma Takes Over Qualitest Posted: 03 Dec 2010 12:05 AM PST Recently, Endo Pharmaceuticals Holdings Inc. (NASDAQ:ENDP) acquired privately-held Qualitest Pharmaceuticals (a generic company) for $1.2 billion in cash. |
TECO Energy Alters Debt Swap Offer Posted: 03 Dec 2010 12:05 AM PST TECO Energy Inc.'s (NYSE:TE) subsidiary, Tampa Electric Company, altered the conditions of the recently announced debt swap offer. The company will now issue 5.40% notes due on 2021 in place of 5.10% notes due in 2021 and swap it with its outstanding $250 million of 6.875% senior notes due in 2012 and $400 million of 6.375% senior notes due in 2012. |
TECO Energy Alters Debt Swap Offer Posted: 03 Dec 2010 12:05 AM PST TECO Energy Inc.'s (NYSE:TE) subsidiary, Tampa Electric Company, altered the conditions of the recently announced debt swap offer. The company will now issue 5.40% notes due on 2021 in place of 5.10% notes due in 2021 and swap it with its outstanding $250 million of 6.875% senior notes due in 2012 and $400 million of 6.375% senior notes due in 2012. |
NiSource Sells Debt To Fund Buyback Posted: 03 Dec 2010 12:05 AM PST Diversified energy company NiSource Inc. (NYSE:NI), through its financial subsidiary NiSource Finance Corp., is planning to sell about $250 million of long-term debt securities in a public offering to fund the buyback of another debt. |
NiSource Sells Debt To Fund Buyback Posted: 03 Dec 2010 12:05 AM PST Diversified energy company NiSource Inc. (NYSE:NI), through its financial subsidiary NiSource Finance Corp., is planning to sell about $250 million of long-term debt securities in a public offering to fund the buyback of another debt. |
Aegon Restructures US Business Posted: 03 Dec 2010 12:05 AM PST Keeping pace with its ongoing restructuring program that began in 2009, yesterday, Dutch insurer Aegon NV (NYSE:AEG) announced the decision to restructure its operations in the US in order to build upon its core efficiencies and increase overall operating leverage. As such, the company will right size its US sales force by laying off 5% or about 400-500 employees. |
Neutral On IntercontinentalExchange Posted: 03 Dec 2010 12:05 AM PST We reiterate our Neutral recommendation on IntercontinentalExchange Inc. (NYSE:ICE) based on immediate concerns regarding regulatory ambiguity, increased operating expenses, weak credit quality and sluggish market activity. However, the company's strong product portfolio, consistent cash generation, disciplined investment and limited balance-sheet risk bode well for long-term growth. |
Enrollment For Medivation Study Posted: 03 Dec 2010 12:05 AM PST Medivation, Inc. (NASDAQ:MDVN) and partner Astellas Pharma Inc. recently announced that they have finished enrolling patients for a phase III study of their prostate cancer candidate, MDV3100. |
Cemig Declares Dividend Distribution Posted: 03 Dec 2010 12:05 AM PST Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, announced to pay dividends amounting to R$465.35 million to shareholders on December 21, 2010. This payment is part of the company's dividend disbursement for the year 2009. |
Posted: 03 Dec 2010 12:05 AM PST Provider of business information, Dun & Bradstreet Corp. (NYSE:DNB) announced its partnership with Informatica Corp. (NASDAQ:INFA), the premier provider of data integration software. The partnership is formed with the intent to offer a new technology. |
Micromet Downgraded To Neutral Posted: 02 Dec 2010 11:25 PM PST We are downgrading biopharmaceutical company Micromet Inc. (NASDAQ:MITI) to Neutral from Outperform due to concerns regarding its early-stage pipeline and its strategy of raising funds by selling shares. Moreover, the downgrade is also based on valuation grounds, as we see limited near-term price upside. |
Aggressive Growth Stock: ROFIN-SINAR Posted: 02 Dec 2010 11:25 PM PST ROFIN-SINAR (NASDAQ:RSTI) has a growing backlog that should carry over to a strong year. The company is coming off of its fifth earning surprise and this Zacks #1 Rank (Strong Buy) is almost back to its pre-recession operating margins. |
Bull Of The Day: Shutterfly, Inc. (SFLY) Posted: 02 Dec 2010 11:25 PM PST Shutterfly Inc.’s (NASDAQ:SFLY) third quarter loss was lower than the Zacks Consensus Estimate, driven primarily by higher revenues from the photo book. Product innovation, a focus on developing a successful commercial printing business, strategic partnerships with retailers and opportunistic acquisitions also bode well for the company. |
Bear Of The Day: Central Garden And Pet (CENT) Posted: 02 Dec 2010 11:25 PM PST Central Garden & Pet Company (NASDAQ:CENT) delivered disappointing fourth-quarter 2010 results with top line continuing its sluggish performance and bottom line swinging to a loss. |
Posted: 02 Dec 2010 11:25 PM PST DSW Inc. (NYSE:DSW) just hit a new multi-year high after jumping higher on strong Q3 results that once again beat expectations. With estimates on the rise and a compelling valuation, this Zacks #1 rank stock has a step up on its momentum peers. |
Crude Oil Extends Gains, Gold Stalls Despite Investment Demand Increase Posted: 02 Dec 2010 10:51 PM PST Commodities – Energy |
The Christmas Stock Market Rally Could Be Gearing Up For A Good One Posted: 02 Dec 2010 10:30 PM PST This had been an exiting week for traders as the equities market was on a verge of a major sell off. Fortunately, we were watching the market very closely and saw the sentiment and market internals shift shortly after a new low was set last week. That was an early warning for us that a trend reversal to the upside could happen at any hour or day this week. Wednesday and Thursday's rallies were on solid volume and the market internal indicators along with market breadth were strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Gold Will Target $1480-$1525 Before A Major Pullback Posted: 02 Dec 2010 10:08 PM PST Gold has been consolidating other than a spike to an intermediate wave 3 top of $1424, for about 7 weeks or so now. It's typical to see Fibonacci periods of time as part of consolidations whether it be an individual stock or a precious metal in this case. Gold was overbought at the $1425 pivot highs a few weeks ago, and that terminated what I label a "wave 3″ pattern. This led us into a 4th wave corrective pattern which we remain in now. My worst case pivot low is expected at $1,321 … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Bearish Reversal Seen On DMCI Holdings Posted: 02 Dec 2010 10:05 PM PST DMCI Holdings, Inc. or DMC, which is one of the leading construction firms in the Philippines, has been one of the best stock performers since the start of 2009. During the start of 2009, the company's shares opened at PHP 2.26 in 2009. Since then, its shares has picked speed until it soared to a high of PHP 41.00 in November 5, 2010. Now that's a whopping 1,814% gain in less than two years! If only I had placed 1 million back then, I could have retired comfortably by now. Oh … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Pragmatic ECB Squares The Circle – Whatever It Takes Posted: 02 Dec 2010 09:16 PM PST The one thing worse than a fire in a building is a fire in a building when emergency exits are bolted shut: a panic in the market is exacerbated when liquidity dries up. It appears the European Central Bank (ECB) embraces this view: in Thursday’s press conference by ECB head Trichet, he re-iterated a number of times that non-standard measures are there to permit appropriate transmission of standard measures. In plain English, this means that whatever emergency support is given to the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Crude On Pace For A Two-Year High, Gold Stuggles Ahead Of NFPs Posted: 02 Dec 2010 04:16 PM PST North American Commodity Update |
Forex – EUR/USD Up At The End Of U.S. Session Posted: 02 Dec 2010 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3220, up 0.62% at time of writing. The pair was likely to find support at 1.2970, Tuesday's low, and resistance at 1.3301, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 02 Dec 2010 01:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims. USD/JPY was trading at 83.88, down 0.38% at time of writing. The pair was likely to find support at 83.39, Wednesday's low, and resistance at 84.40, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 02 Dec 2010 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3223, up 0.64% at time of writing. The pair was likely to find support at 1.2970, Tuesday's low, and resistance at 1.3301, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
U.S. Markets Close Higher; Dow Jones Up 0.95% Posted: 02 Dec 2010 01:10 PM PST Forex Pros – U.S. stocks were up after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.95%, the S&P 500 index gained 1.28%, while the Nasdaq 100 index climbed 1.04%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 2.12%; Germany's DAX gained 1.32%; Britain's FTSE 100 climbed 2.22%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – GBP/USD Down During The U.S. Session Posted: 02 Dec 2010 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.5596, down 0.16% at time of writing. The pair was likely to find support at 1.5486, Tuesday's low, and resistance at 1.5667, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – USD/CAD Down During The U.S. Session Posted: 02 Dec 2010 12:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CAD was trading at 1.0041, down 1.27% at time of writing. The pair was likely to find support at 1.0029, today's low, and resistance at 1.0287, Tuesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – EUR/USD Up On Economic Data Posted: 02 Dec 2010 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3203, up 0.49% at time of writing. The pair was likely to find support at 1.2970, Tuesday's low, and resistance at 1.3301, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – AUD/USD Up On Economic Data Posted: 02 Dec 2010 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. AUD/USD was trading at 0.9751, up 0.69% at time of writing. The pair was likely to find support at 0.9539, Wednesday's low, and resistance at 0.9779, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – NZD/USD Up On Economic Data Posted: 02 Dec 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.7544, up 0.73% at time of writing. The pair was likely to find support at 0.7398, Tuesday's low, and resistance at 0.7564, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 436.00K last week from 410.00K in the preceding week whose figure … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
European Markets Close Higher; Dax Up 1.32% Posted: 02 Dec 2010 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Thursday. At the close of European trade, Germany's DAX rose 1.32%, London's FTSE 100 gained 2.22%, France's CAC 40 climbed 2.12% and the EURO STOXX 50 was up 2.19%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.90%; the S&P 500 index gained 1.13%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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