DailyMarkets.com - BP Joins Hands With Russian Oil Company

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• BP Joins Hands With Russian Oil Company
• Aeropostale’s Comparables Fall
• Vale Upgraded To Outperform
• GE Capital Arranges Credit Facility
• BP Joins Hands With Russian Oil Company
• Bearish On Strayer Education
• Syneron Bags FDA Clearance
• BP And Rosneft Join Hands
• Forex – EUR/USD Down At The End Of European Session
• Full Ownership Of BORCO For Buckeye
• Statoil & OMV Swap Interests
• Telekomunikasi Raises 2011 Outlook
• Stock Market News Briefs: Alcoa, Bank Of America, Citigroup, J P Morgan Chase & Co, Merck & Company
• Cummins Showers Fund, Blooms India
• Reynolds Disposes Its Lane Unit
• Earnings Preview: Cubist Pharma
• Forex – Dollar Broadly Lower Vs. Rivals As EU Ministers Gather
• Forex – GBP/USD Trims Gains In Thin Holiday Trade
• Forex – EUR/USD Down As EU Finance Ministers Begin Meeting
• Expect A Gasoline Correction To Hit Refining Stocks
• Forex Trading: EURJPY Traders Use The 100 Bar MA As Borderline To Trade Against

BP Joins Hands With Russian Oil Company Posted: 17 Jan 2011 10:05 AM PST BP Plc (NYSE:BP) and Russia’s state-operated oil company, Rosneft, entered into a share-swap agreement, which allows the two companies to jointly explore and develop parts of the Siberian Artic, a highly prospective region. The deal is likely to close shortly pending certain listing approvals and completion of some administrative prerequisites. Under the agreement, the U.K. oil giant will offer 5% of its ordinary shares, valued at $7.8 billion, in exchange for 9.5% of Rosneft's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aeropostale’s Comparables Fall Posted: 17 Jan 2011 10:05 AM PST Aeropostale Inc.'s (ARO) comparable-store sales for December dropped 5.0% against a 10.0% increase in the year-earlier period. Total sales for the five weeks ended January 1, 2011, jumped 3% to $474.7 million from $460.8 million for the five weeks ended January 2, 2010. Year to date, comparable-store sales increased 1.0% versus a tough comparison of a 10.0% rise in the same period last year. Total sales for the period clocked $2,280 million, which represents an increase of 8.0% from $2,118 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Vale Upgraded To Outperform Posted: 17 Jan 2011 10:05 AM PST We upgrade our rating on Vale S.A. (VALE) from Neutral to Outperform based on the rising iron-ore demand in China, world's largest iron-ore importer, and the expectations of higher iron-ore price in fiscal 2011. Iron-ore demand in China is growing and is expected to behave in the same manner in the medium term due to its continued economic growth and urbanization. Currently the total urban population of China is around 500 million and is estimated to double in the next 15 years. China’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE Capital Arranges Credit Facility Posted: 17 Jan 2011 09:35 AM PST GE Capital is the administrator for a $150 million asset-based revolving credit facility for ArchBrook Laguna. Headquartered in Carlstadt, NJ, ArchBrook Laguna is a distributor of branded consumer electronics and computer products. GE Capital Markets served as sole lead arranger and provided inventory financing to the company. GE Capital, Corporate Finance provides asset-based, cash flow and structured loans and leases to mid-size and large U.S. businesses. General Electric Company (NYSE:GE) has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP Joins Hands With Russian Oil Company Posted: 17 Jan 2011 09:35 AM PST BP Plc (NYSE:BP) and Russia’s state-operated oil company, Rosneft, entered into a share-swap agreement, which allows the two companies to jointly explore and develop parts of the Siberian Artic, a highly prospective region. The deal is likely to close shortly pending certain listing approvals and completion of some administrative prerequisites. Under the agreement, the U.K. oil giant will offer 5% of its ordinary shares, valued at $7.8 billion, in exchange for 9.5% of Rosneft's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bearish On Strayer Education Posted: 17 Jan 2011 09:35 AM PST We recently downgraded our recommendation on Strayer Education Inc. (NASDAQ:STRA) to Underperform with a price target of $112.00. Earlier we had a Neutral rating on the stock. The company also holds a Zacks #5 Rank, which translates into a short-term 'Strong Sell' rating. The educational institute, which offers degree programs in business administration, accounting, information technology, education and criminal justice, witnessed a 20% fall in new student enrollment for the winter 2011 term … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Syneron Bags FDA Clearance Posted: 17 Jan 2011 09:05 AM PST Syneron Medical Ltd. (NASDAQ:ELOS), a worldwide aesthetic products company, recently announced that it has been granted 510(k) clearance by the U.S. Food and Drug Administration (FDA) to market its latest Tanda Light Emitting Diode ("LED") to be utilized for skin rejuvenation. The new skin rejuvenation system is authorized to treat rhytides, wrinkles and lines in the periorbital region (surrounding the eye). The company expects to commercialize the system in the second half of the current year, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BP And Rosneft Join Hands Posted: 17 Jan 2011 09:05 AM PST BP Plc (NYSE:BP) and Russia’s state-operated oil company, Rosneft, entered into a share-swap agreement, per which the British oil giant will jointly explore and develop parts of Siberian Artic. The deal is likely to close shortly pending certain listing approvals and completion of some administrative prerequisites. Under the agreement, the U.K. oil giant will offer 5% of its ordinary shares, valued at $7.8 billion, in exchange for 9.5% of Rosneft's shares. In the initial exploration phase, the … [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: 17 Jan 2011 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3296, down 0.69% at time of writing. The pair was likely to find support at 1.2962, Wednesday's low, and resistance at 1.3456, Friday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.92% to hit 0.8358 and EUR/JPY falling 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Full Ownership Of BORCO For Buckeye Posted: 17 Jan 2011 08:35 AM PST Buckeye Partners L.P. (NYSE:BPL) has entered into an agreement to acquire the remaining 20% interest in Bahamas Oil Refining Company International Limited (BORCO) from Vopak Bahamas B.V. The partnership said the acquisition will be carried out on terms similar to the earlier purchase of 80% interest in the assets from First Reserve Corporation in December 2010. Buckeye had acquired an 80% interest in BORCO, the largest petroleum products storage terminal in the Caribbean, for a total consideration … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Statoil & OMV Swap Interests Posted: 17 Jan 2011 08:35 AM PST Global integrated energy company Statoil ASA (STO) and Austria-based OMV have signed a deal to swap their production interests in the Barents Sea. Management of both companies have approved the agreement. Per the terms of the deal, Statoil will trade 30% of its 80% interest in production licence 393B for OMV's 15% interest of the total 40% stake in production licence 537. OMV is the operator of the licence 537, following Norway's 20th licensing round in 2009. Statoil will continue to act as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telekomunikasi Raises 2011 Outlook Posted: 17 Jan 2011 08:35 AM PST P.T. Telekomunikasi Indonesia Tbk. (NYSE:TLK), the largest telecom operator in Indonesia, recently raised its expected subscriber addition for its wireless segment. Telekomunikasi is now anticipating its wireless subscriber base to reach 115 million in 2011. This indicates a year-over-year growth of over 22%, much higher than the company's earlier projection of 10%-12%. The company has given a preliminary estimation of 94 million wireless subscribers at the end of 2010, implying a net addition … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: Alcoa, Bank Of America, Citigroup, J P Morgan Chase & Co, Merck & Company Posted: 17 Jan 2011 08:15 AM PST  JP Morgan (NYSE:JPM) posted fiscal fourth quarter earnings of $1.12, above the Zacks Consensus Estimate of $0.97, on revenues of $26 billion,  above the Zacks Consensus Estimate of $24.892 billion  Bank of America (NYSE:BAC) shares slid 1.5% after Citigroup (NYSE:C) removed the shares from its Top Picks List  Alcoa (NYSE:AA) slid 3% as metals priced lower, the result of cutbacks to China growth expectations  Merck’s (NYSE:MRK) 6.6% tumble, following news that its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cummins Showers Fund, Blooms India Posted: 17 Jan 2011 08:15 AM PST Cummins Inc. (NYSE:CMI) plans to more than triple its investment in India to $500 million by 2015 from $150 million allocated so far. The company has already invested $110.2 million of the allocated amount in its Phaltan manufacturing site near Pune. The Phaltan site manufactures diesel and gas engines of various capacities to cater to the power, industrial and automotive markets in India, U.S. and Europe. The investment helped the company upgrade its range of products to include high horsepower … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Reynolds Disposes Its Lane Unit Posted: 17 Jan 2011 08:15 AM PST Reynolds American Inc. (RAI) announced the sale of Lane Limited to the Denmark based Scandinavian Tobacco Group for $205 million cash. The deal is expected to close by middle of 2011. The Scandinavian Tobacco Group will acquire the two Lane facilities in Tucker, presently employing 110 workers, and operate them all by themselves. Reynolds' decision to sell the subsidiary is a step to concentrate more on the key brands in the cigarette, moist snuff and modern smoke-free categories of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Cubist Pharma Posted: 17 Jan 2011 08:15 AM PST Cubist Pharmaceuticals Inc (NASDAQ:CBST) is all set to announce its fourth quarter and full year 2010 results on January 20, 2011. The Zacks Consensus Estimate for the fourth quarter is 34 cents, representing a year-over-year decrease of 24.4%. The Zacks Consensus Estimate for 2010 is $1.60, up 12.1%. Third quarter 2010 recap Cubist Pharma's third quarter 2010 earnings (excluding special items but including stock-based compensation expense) of 39 cents per share surpassed the year-ago earnings by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Vs. Rivals As EU Ministers Gather Posted: 17 Jan 2011 07:50 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Monday, as European Union finance ministers began a critical two-day meeting to discuss enlarging the euro-zone's bailout fund. During European late afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.68% to hit 1.3294. But the greenback was down against sterling with GBP/USD advancing 0.19% to hit 1.59. The pound rallied on increasing speculation that the Bank of England may … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Gains In Thin Holiday Trade Posted: 17 Jan 2011 07:38 AM PST Forex Pros – The pound trimmed gains against the U.S. dollar on Monday, easing off an earlier two month high in thin trade as markets in the U.S. remained closed for a public holiday. GBP/USD hit 1.5954 during European late afternoon trade, the pair's highest since November 23; the pair subsequently consolidated at 1.5896, gaining 0.16%. Cable was likely to find short-term support at 1.5808, Friday's low and resistance at 1.5964, the high of November 23. The pound rallied on increasing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down As EU Finance Ministers Begin Meeting Posted: 17 Jan 2011 07:29 AM PST Forex Pros – The euro was down against the U.S. dollar on Monday, hovering close to a two day low as European finance ministers began a key two-day meeting in Brussels. EUR/USD hit 1.3245 during European late afternoon trade, the pair's lowest since last Thursday, the pair subsequently consolidated at 1.3286, shedding 0.75%. The pair was likely to find support at 1.3088, last Thursday's low and resistance at 1.3449, Friday's high. European finance ministers were meeting to discuss … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Expect A Gasoline Correction To Hit Refining Stocks Posted: 17 Jan 2011 07:20 AM PST The following is an excerpt of my first exclusive article to Seeking Alpha.  Please click here for to read the full content [[free]]. Expect Impending Gas Correction to Hit Refining Stocks The U.S. average retail price for gasoline has advanced for six straight weeks to $3.09 per gallon, which is $0.34 per gallon higher than last year at this time.  This newly minted above $3 a gallon average price tag at the pump, on top of the elevated unemployment rate, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURJPY Traders Use The 100 Bar MA As Borderline To Trade Against Posted: 17 Jan 2011 07:19 AM PST The EURJPY has tested 100 bar MA on the 5 minute chart on two separate occassion (the last time at 109.92) in the NY session and each time traders used the level as a borderline to sell against.  The range is narrow but support comes in at 109.71  along trendline  support. A  move below the level should lead to further selling pressure on the break of the bear flag formation. The low for the day at the 109.56 level would be the next target for the pair.  Not … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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