DailyMarkets.com - WPP Group: Grey To Acquire Yolk

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• WPP Group: Grey To Acquire Yolk
• MKGAF Sells Agricultural Business
• The Case Of The Missing U.S. Jobs
• AT&T To Expand Wi-Fi Zones
• Quanta Services Wins Contract
• How To Trade Gold Swings With GLD
• ACE Wraps Up Rain And Hail Buy
• ACE Wraps Up Rain And Hail Buy
• Sonic To Buy Back Senior Notes
• Australian Dollar: Under Pressure
• Canadian Dollar: Caution
• Hot Weather In South America Has Corn Prices Popping!
• Cephalon Drops Jet Lag Indication
• Belgian Order For Foster Wheeler
• Four Points To Debut In Nashville
• P.F. Chang’s To Lose Its Co-CEO
• Opening Bell Market Monitor: SAP
• Crude Strong, Remains Around $91

WPP Group: Grey To Acquire Yolk Posted: 29 Dec 2010 09:35 AM PST Advertising titan, WPP Group Plc's (NASDAQ:WPPGY) wholly-owned operating company, Grey recently entered into a definitive agreement to acquire major stake holding in Yolk Pte Ltd. The latter is one of the fastest-growing interactive and digital media networks in Asia. Based in Singapore, Yolk employs over 40 people and reported total revenue of Singapore $1.3 million for the year ended December 31, 2009. Gross assets approximated $0.5 million. The company primarily engages in offering digital … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MKGAF Sells Agricultural Business Posted: 29 Dec 2010 09:35 AM PST Merck KGaA (MKGAF) recently announced its plans to divest its Crop BioScience business to Denmark based Novozymes A/S (NVZMF) for $275 million. Crop BioScience, which researches, develops and commercializes technologies to improve plant health and crop yields, is a part of Merck KGaA's Performance Materials division. The companies expect the transaction to close in early 2011. The Crop BioScience business generated revenues of about €35 million in fiscal 2009, through three dedicated … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Case Of The Missing U.S. Jobs Posted: 29 Dec 2010 09:20 AM PST While businesses are gaining ground and the stock market is picking up, job growth in the U.S remains stagnant. What are the reasons behind this sluggish job growth? In keeping with the economic cycle, the recovery is definitely powering job creation with a surge in demand for goods and services. However, the U.S. companies are hiring employees out of the domestic periphery to stay competitive. For most of the U.S. companies, international demand for goods and services is growing much faster … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AT&T To Expand Wi-Fi Zones Posted: 29 Dec 2010 09:20 AM PST AT&T Inc. (NYSE:T), the second largest mobile service provider in the U.S., plans to expand Wi-Fi hotzones for its wireless network, including iPhones, to major markets. The company will expand its Wi-Fi access around Times Square in New York and introduce its first hotspot in San Francisco. Earlier this year, AT&T deployed Wi-Fi hotzones in New York City’s Times Square, downtown Charlotte, North Carolina, and Chicago’s Wrigleyville to support mobile broadband in urban areas. These zones … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quanta Services Wins Contract Posted: 29 Dec 2010 09:20 AM PST The Central Maine Power Company has awarded a contract to Quanta Services Inc. (NYSE:PWR) for construction and installation of approximately 200 miles of transmission infrastructure in central and western Maine. The contract is part of CMP's $1.54 billion program to revolutionize the country’s bulk power system and address certain economic and environmental issues of electricity customers.   Quanta intends to work in conjunction with a Maine-based contractor to provide comprehensive … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How To Trade Gold Swings With GLD Posted: 29 Dec 2010 08:59 AM PST I'm a big fan of monitoring price – particularly in a trending environment – with respective 20 and 50 day exponential moving averages (EMAs). Recently, gold (and SPDR Gold Shares (GLD)) have shown a good example of how EMAs serve as good reference points for expected/potential support in the context of a rising bullish trend. Let's take a look at the current charts of Gold and GLD to see this example in motion. The chart above is a simple price and EMA (20, 50, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ACE Wraps Up Rain And Hail Buy Posted: 29 Dec 2010 08:35 AM PST ACE Limited (NYSE:ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE Limited was already holding a 20% stake in Rain and Hail. With the acquisition, ACE Limited now has full ownership of Rain and Hail Insurance. ACE Ltd. is on an acquisition spree. In the quarter till … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ACE Wraps Up Rain And Hail Buy Posted: 29 Dec 2010 08:35 AM PST ACE Limited (NYSE:ACE) completed the acquisition of Rain and Hail Insurance Service, Inc. for approximately $1.1 billion in cash. During the third quarter, ACE Limited inked the deal to acquire 80% of the outstanding Rain and Hail Insurance Service, Inc. for a cash consideration of $1.1 billion. ACE Limited was already holding a 20% stake in Rain and Hail. With the acquisition, ACE Limited now has full ownership of Rain and Hail Insurance. ACE Ltd. is on an acquisition spree. In the quarter till … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sonic To Buy Back Senior Notes Posted: 29 Dec 2010 08:35 AM PST Oklahoma-based Sonic Corp. (SONC) announced recently that it is buying back $62.5 million worth of senior notes in a privately negotiated transaction. The extinguishment of the notes will benefit the company by approximately $5 million. The fast food chain said that the repurchase of senior notes along with  regularly scheduled principal payments will improve the capital structure of the company. The availability of fund will also provide the company with additional financial flexibility, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Under Pressure Posted: 29 Dec 2010 08:24 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Caution Posted: 29 Dec 2010 08:24 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Weather In South America Has Corn Prices Popping! Posted: 29 Dec 2010 08:23 AM PST Today’s Idea Contrarian traders expecting a near-term price correction in March Corn may wish to consider taking advantage of the relatively high option premiums and explore the sale of out-of-the-money call options in Corn futures. For example, with March Corn trading at 623.25 as of this writing, the February Corn 700 calls could be sold for about 7.50 cents, or $375 per option, not including commissions. The premium received would be the maximum potential gain on the trade and would be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cephalon Drops Jet Lag Indication Posted: 29 Dec 2010 08:20 AM PST Cephalon Inc. (NASDAQ:CEPH) recently announced that it no longer intends to pursue for the approval of Nuvigil for the treatment of patients with excessive sleepiness associated with jet lag disorder resulting from eastbound travel. The company arrived at this decision following the receipt of a second complete response letter (CRL) from the US Food and Drug Administration (FDA). Nuvigil (armodafinil) is a follow-on version of Provigil (modafinil) which contributed about 48% to revenues in 2009. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Belgian Order For Foster Wheeler Posted: 29 Dec 2010 08:20 AM PST Foster Wheeler AG (NASDAQ:FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for detailed engineering consultancy services for a lubricating oil plant at Kuwait Petroleum's facility in Antwerp, Belgium. Production capacity at the Antwerp facility will be increased from 125 million to 250 million liters per year. The engineering portion of the work will be completed by mid 2011. The company’s Global Engineering & Construction Group … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four Points To Debut In Nashville Posted: 29 Dec 2010 08:20 AM PST Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently announced its intention to open Four Points by Sheraton brand in the Nashville metropolitan area. The hotel is slated for inauguration in August 2011. Formerly, it was a Holiday Inn property owned by Eagle Hospitality and currently is being upgraded extensively. The hotel will be managed by Maximum Hospitality. Maximum Hospitality also manages Four Points by Sheraton Knoxville Cumberland House, the brand's best performing hotel in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

P.F. Chang’s To Lose Its Co-CEO Posted: 29 Dec 2010 08:20 AM PST Scottsdale, Arizona-based, P.F. Chang's China Bistro Inc. (NASDAQ:PFCB) announced that its co-chief executive officer (CEO) Bert Vivian, will retire at the end of 2011. P.F. Chang's, which owns and operates P.F. Chang's China Bistro and Pei Wei Asian Diner restaurant,  appointed Vivian as co-CEO in January 2009, after his successful stint as president since December 2000. He joined P.F. Chang's as chief financial officer (CFO) in 1996. Vivan played a key role in transforming a small … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: SAP Posted: 29 Dec 2010 07:55 AM PST 12/29/10 The latest in news, commentary, and information on what’s moving the US equities markets. Watch this broadcast LIVE at 9:30 am EST daily @ … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Strong, Remains Around $91 Posted: 29 Dec 2010 02:48 AM PST 12/29/10 Front month crude prices hovered around the $91 a barrel mark as trading volume remains light and the dollar continues to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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