DailyMarkets.com - Cosi 4Q10 Comp Sales Up
DailyMarkets.com - Cosi 4Q10 Comp Sales Up |
- Cosi 4Q10 Comp Sales Up
- Pfizer Extends King Tender Offer
- Speculators Exit Gold & Silver, But Remains Heavily Long Other Markets
- Arby’s Chain Up For Sale
- Boeing Wins $1.53B Navy Contract
- Earnings Preview: Eastman Kodak
- Forex – EUR/USD Up During The U.S. Session
- BioScrip Downgraded To Underperform
- Earnings Preview: Verizon
- Neutral On Motorola Solutions
- “Big Sugar” Cartel Cost Consumers $4.5B Last Year
- Forex Trading: EURUSD Modestly Moving Lower In NY PM Trading
- Earnings Preview: Coach
- Westamerica Meets Expectations
- Forex – AUD/USD Up During The U.S. Session
- Triple Timeframing The Breakout Rally In XOM
- “The Week…will Be A Market Of Stocks”
- Four ETFs Influenced By McDonalds
- Earnings Preview: EMC Corp.
- Earnings Preview: Celgene
- Forex – NZD/USD Up During The U.S. Session
- European Markets Close Higher; Dax Up 0.08%
- Forex News Fundy Brief (1/24): Euro Extend Rally, Preview Of US Data This Week
- Biogen-Acorda MS Drug Faces Setback
- Earnings Preview: Gilead Sciences
- Earnings Strong So Far
- Earnings Preview: Stryker
- New Journal: The Journal Of Universal Rejection
- Euro Rises On US Economic Uncertainty
- Forex – EUR/USD Up At The End Of European Session
- Earnings Preview: Newell Rubbermaid
- Meridian Misses On Lower Flu Sales
- Crude Flat On Economic Uncertainty
- Bonds Stage A Comeback Ahead Of U.S. Supply
- Forex Trading: GBPUSD Resistance Holds Against 1.6008 For Now
- Australian Dollar: Caution
- Canadian Dollar: The Downside Prevails
- Forex Trading: EURUSD Continues Move Higher
- First Solar’s Runway To Far East
- Occidental Now In UAE
- ONEOK Issues $1.3 Billion Notes
- Earnings Preview: Varian Medical
- Forex – Dollar Broadly Lower Vs. Rivals As Euro Regains Ground
- Forex – GBP/USD Erases Losses, Tracking Euro Higher
- Forex – EUR/USD Erases Losses, Rises To Fresh 9-week High
- Forex Trading: USDCHF Moves Lower With Dollar Selling. Reaches Key Target
- Opening Bell Market Monitor: MCD, JCP, RSH
- McDonald’s Serves Up Strong 4Q Net Income
- Morning News Notes: 1.24.11
- Greencore Considers Options After Northern Foods Accepts £342m Boporan Offer
- Outlook 2011: Everyone Needs Commodities
| Posted: 24 Jan 2011 12:05 PM PST Deerfield, Illinois-based Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, reported its fourth quarter 2010 sales results. Total revenue, which comprises company-operated restaurant sales and franchise fees and royalties, dipped 11.4% year over year to $25.4 million in the quarter.
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| Pfizer Extends King Tender Offer Posted: 24 Jan 2011 12:05 PM PST Pfizer Inc. (NYSE:PFE) recently announced that it has extended the expiration date of its tender offer for all outstanding shares of King Pharmaceuticals, Inc. (NYSE:KG) by 7 days. The tender offer is now set to expire on January 28, 2011. As of January 20, 2011, about 46.6% of King Pharma's outstanding shares were validly tendered.
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| Speculators Exit Gold & Silver, But Remains Heavily Long Other Markets Posted: 24 Jan 2011 11:53 AM PST There are many ways to measure market sentiment. We use surveys, put-call ratios, fund flows data and for commodities especially, the commitment of traders reports (COT). Lately, we've noted the improving sentiment picture for Gold. As a market weakens sentiment will naturally become less bullish. In this case, sentiment has weakened considerably yet Gold is only 6% off its high. Most interesting in particular is the divergence between the COT data for Gold and Silver and the rest of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Jan 2011 11:35 AM PST Wendy’s/Arby's Group Inc. (NYSE:WEN), the fast food chain is planning to sell its Arby's restaurants, so that it can focus its resources on building the Wendy's brand. In 2008, the company was formed through the merger of Triarc, the franchisor of Arby's restaurant chain, and Wendy's, the owner-operator-franchisor of the eponymous fast food chain.
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| Boeing Wins $1.53B Navy Contract Posted: 24 Jan 2011 11:35 AM PST The Boeing Company (NYSE:BA) received a contract worth $1.53 billion from the U.S. Navy to manufacture P-8A Multi-mission Maritime Aircraft and also provide related logistics, trainers and other support needed for the aircraft.
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| Earnings Preview: Eastman Kodak Posted: 24 Jan 2011 11:35 AM PST Eastman Kodak Company (NYSE:EK) is slated to report its fourth quarter and fiscal 2010 results on January 26. Analysts following the stock have remained unmoved since the last 60 days as management has reiterated its sales guidance for fiscal 2010 in the range of $7.5 billion to $7.7 billion, same as in the previous year.
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| Forex – EUR/USD Up During The U.S. Session Posted: 24 Jan 2011 11:13 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3637, up 0.12% at time of writing. The pair was likely to find support at 1.3377, Wednesday's low, and resistance at 1.3685, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8526 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| BioScrip Downgraded To Underperform Posted: 24 Jan 2011 11:05 AM PST Recently, we downgraded BioScrip (NASDAQ:BIOS) to Underperform with a target price of $4.50.
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| Posted: 24 Jan 2011 11:05 AM PST Verizon Communications (NYSE:VZ), the second largest U.S. phone company, is slated to release its fourth quarter and fiscal 21010 earnings results on January 25, 2011, before the opening bell. The current Zacks Consensus Estimate for the fourth quarter is 55 cents, representing a 1.58% annualized growth.
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| Posted: 24 Jan 2011 11:05 AM PST We initiate coverage on Motorola Solutions Inc. (MSI) with a Neutral recommendation. Motorola Solutions is a market leader in the lucrative Public Safety market. Several industry researchers estimate that the market size of Public Safety may reach $6.5 billion in 2014.
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| “Big Sugar” Cartel Cost Consumers $4.5B Last Year Posted: 24 Jan 2011 11:04 AM PST In a recent Wall Street Journal letter titled "The Sugar Program Makes Sense," the American Sugar Alliance's chief economist claimed that "sugar policy operates at no cost to the government and is projected to do so for the next decade." While it's true that U.S. sugar producers haven't tapped American taxpayers directly since the beet sugar farmers raked in more than $240 million in farm subsidy payments from 2000 to 2005, U.S. sugar policy did force American consumers to pay … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Modestly Moving Lower In NY PM Trading Posted: 24 Jan 2011 10:41 AM PST The EURUSD is modestly moving down breaking through trendline support on the 5 minute chart (see above) but remaining above the 38.2% retracement of the move up from today's low to high range. That level comes in at 1.3629 and a move below that level is needed to lead to further downside pressure after the sharp rally in NY trade. The Friday close was 1.3614 and would be another downside target level to get through for the bears.
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| Posted: 24 Jan 2011 10:35 AM PST Coach Inc. (NYSE:COH), the designer and marketer of fine accessories and gifts, is scheduled to report its second-quarter 2011 financial results on January 25, 2011. The current Zacks Consensus Estimate for the quarter is 97 cents a share. For the quarter under review, revenue is pegged at $1,202 million, according to the Zacks Consensus Estimate.
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| Westamerica Meets Expectations Posted: 24 Jan 2011 10:35 AM PST Westamerica Bancorp. (NASDAQ:WABC) reported its fourth quarter earnings of 81 cents per share, in line with the Zacks Consensus Estimate. However, earnings were two pennies higher than 79 cents reported in the prior-year quarter.
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| Forex – AUD/USD Up During The U.S. Session Posted: 24 Jan 2011 10:33 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Monday. AUD/USD was trading at 0.9998, up 1.02% at time of writing. The pair was likely to find support at 0.9833, Thursday's low, and resistance at 1.0078, Wednesday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.84% to hit 1.3649 and AUD/JPY rising 0.88% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Triple Timeframing The Breakout Rally In XOM Posted: 24 Jan 2011 10:32 AM PST Exxon-Mobile (XOM) has been one of the strongest performers in the Dow Jones index lately, and the rise correlates in part to the QE2 stimulus effects, giving us a great lesson in both charting breakouts and "stock-specific" narratives, or even broader market narratives. A brief refresher in "QE2 Stimulus Effects" – a rumor/whisper campaign began in late August/early September … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| “The Week…will Be A Market Of Stocks” Posted: 24 Jan 2011 10:31 AM PST 01/24/11 Sunrise Securities’ Ben Willis discusses the latest earnings reports, and expectations for the week … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Four ETFs Influenced By McDonalds Posted: 24 Jan 2011 10:18 AM PST The world's largest restaurant chain, McDonald's Corp. (NYSE:MCD) reported increases in revenues and net income for the fourth quarter, meeting analyst expectations and giving support to the Consumer Discret Select Sector SPDR (XLY), the iShares Dow Jones US Consumer Services (IYC), the Vanguard Consumer Discretionary (VCR) and the PowerShares Dynamic Food & Beverage (PBJ).
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| Posted: 24 Jan 2011 10:05 AM PST EMC Corp. (NYSE:EMC) is slated to release its fourth quarter 2010 earnings before the market opens on January 25. EMC holds a leadership position in the storage hardware and software segment and is a leading provider of data storage systems.
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| Posted: 24 Jan 2011 10:05 AM PST Celgene Corporation (NASDAQ:CELG) is all set to announce its fourth quarter and full year 2010 results on January 27, 2011. The Zacks Consensus Estimate for the fourth quarter is 67 cents, representing a year-over-year increase of 15.3%. The Zacks Consensus Estimate for 2010 is $2.49, up 29.6%.
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| Forex – NZD/USD Up During The U.S. Session Posted: 24 Jan 2011 09:58 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday. NZD/USD was trading at 0.7640, up 0.86% at time of writing. The pair was likely to find support at 0.7528, Friday's low, and resistance at 0.7788, Wednesday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.41% to hit 1.3085 and EUR/NZD falling 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 0.08% Posted: 24 Jan 2011 09:53 AM PST Forex Pros – European stocks were up after the closing bell on Monday. At the close of European trade, Germany's DAX rose 0.08%, London's FTSE 100 gained 0.81%, France's CAC 40 climbed 0.39% and the EURO STOXX 50 was up 0.29%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.74%; the S&P 500 index gained 0.53%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex News Fundy Brief (1/24): Euro Extend Rally, Preview Of US Data This Week Posted: 24 Jan 2011 09:50 AM PST The Euro rose on the back of comments from ECB President Trichet – we outline some of the latest developments. We also look ahead to the US data this week including US FOMC interest rate statement and our first look at 4th quarter GDP figures. (function ($) { $(“#ytplayer-4d3dc24d8778f”).ytplayer({source: “L1jT5iBmhzU”, height: 346, width: 616, autoplay: false, nativeControls: false, onReady: null}); … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Biogen-Acorda MS Drug Faces Setback Posted: 24 Jan 2011 09:35 AM PST Biogen Idec (NASDAQ:BIIB) recently faced a pipeline setback with the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) recommending against the approval of oral drug Fampyra (US trade name: Ampyra), aimed at improving walking speed in patients suffering from multiple sclerosis (MS).
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| Earnings Preview: Gilead Sciences Posted: 24 Jan 2011 09:35 AM PST Gilead Sciences Inc. (NASDAQ:GILD) is scheduled to report fourth quarter 2010 results on Tuesday, January 25, 2010. The Zacks Consensus Estimate for fourth quarter 2010 is 89 cents, representing a year-over-year decrease of 1.12%. The Zacks Consensus Estimate for fiscal 2010 is $3.52, representing a year-over-year increase of 21%.
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| Posted: 24 Jan 2011 09:35 AM PST The 4th quarter earnings season is now in full swing. It is still on the early side, with just 81, or 16.2%, of the S&P 500 reports in. However, history does suggest that by the time you have about 15% of the sample, you can have a pretty good feel for how the rest of the earning season will go. The early reports are encouraging, with total net income for those firms rising a stunning 63.3% over a year ago. The early median surprise of 6.56% is also quite strong, although the ratio of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Jan 2011 09:05 AM PST Orthopedic devices giant Stryker Corporation (NYSE:SYK) is expected to release its fourth quarter and fiscal 2010 results on January 25, after the closing bell. The Michigan-based company announced, on January 10, encouraging preliminary sales data for the quarter and fiscal year, which beat the Zacks Consensus Estimates. Revenues for both fourth quarter and fiscal 2010 grew nearly 9% to $2 billion and $7.32 billion, respectively.
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| New Journal: The Journal Of Universal Rejection Posted: 24 Jan 2011 09:01 AM PST About the Journal You can send your manuscript here without suffering waves of anxiety regarding the eventual fate of your submission. You know with 100% certainty that it will not be accepted for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Euro Rises On US Economic Uncertainty Posted: 24 Jan 2011 09:00 AM PST 01/24/11 A lack of US economic data and strong reports out of Europe have paved the way for another session of strength for the higher-yielding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up At The End Of European Session Posted: 24 Jan 2011 08:58 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3651, up 0.22% at time of writing. The pair was likely to find support at 1.3377, Wednesday's low, and resistance at 1.3685, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.26% to hit 0.8536 and EUR/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: Newell Rubbermaid Posted: 24 Jan 2011 08:35 AM PST Newell Rubbermaid Inc. (NYSE:NWL) is scheduled to release its fourth-quarter 2010 results on Thursday, January 27. The Zacks Consensus Estimate for the quarter is pegged at 32 cents a share.
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| Meridian Misses On Lower Flu Sales Posted: 24 Jan 2011 08:35 AM PST Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) reported disappointing first quarter fiscal 2011 (ended December 31) results with earnings of 15 cents per share trailing the Zacks Consensus Estimate of 19 cents and the year-ago earnings of 22 cents per share. Profit plummeted 32% year over year to $6 million on account of lower revenues.
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| Crude Flat On Economic Uncertainty Posted: 24 Jan 2011 03:30 AM PST 01/24/11 Front month crude prices remained mostly unchanged this session following a lack of economic data which kept prices below $90 a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bonds Stage A Comeback Ahead Of U.S. Supply Posted: 24 Jan 2011 08:28 AM PST Yields have pared an earlier rise ahead of U.S. government bond auctions expected to total $99 billion this week as dealers pared inventory hoping to restock at bargain prices. Central bankers around the world start their regular monthly meetings but despite evidence of a pick-up in global activity, bond investors remain upbeat and see relatively little downside and expect policy makers to remain on the sidelines.
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| Forex Trading: GBPUSD Resistance Holds Against 1.6008 For Now Posted: 24 Jan 2011 08:24 AM PST Trendlines converged for the GBPUSD at the 1.6005 and 1.6008 level and the pair has found some profit taking sellers initially. The down trendline from the Jan 18th high connecting to Friday's high comes in at 1.6005. A horizontal trendline (or "remembered line" as I like to call them) comes in at 1.6005. The combination slowed the ascent higher on the first … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Jan 2011 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: The Downside Prevails Posted: 24 Jan 2011 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Continues Move Higher Posted: 24 Jan 2011 08:14 AM PST The EURUSD continues its move higher with little in the way of meaningful correction. The most recent move higher which took the pair from Thursdays low to the initial high in today's trade, fell 38.2% before finding support and reversing. The pair moved above the channel trendline resistance and is now moving toward upper trendline resistance at the 1.3707 level. Intraday support should find buyers at 1.3657-64 if the sharp upside move is to continue. Above that level is the 61.8% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| First Solar’s Runway To Far East Posted: 24 Jan 2011 08:12 AM PST First Solar Inc. (NASDAQ:FSLR) is spreading its wings in the Far East with a billion dollar investment for a thin-film solar panel plant. The company was granted an investment license for the project to be built in Vietnam's Dong Nam Industrial Zone in Cu Chi District for producing thin film solar modules.
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| Posted: 24 Jan 2011 08:11 AM PST Occidental Petroleum Corporation (NYSE:OXY) has received an invitation from the government of Abu Dhabi to jointly develop one of the largest gas fields in the Middle East – the Shah gas field. Occidental will work with government-owned Abu Dhabi National Oil Company (ADNOC) on this project.
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| ONEOK Issues $1.3 Billion Notes Posted: 24 Jan 2011 08:11 AM PST The oil and gas pipeline operator, ONEOK Partners LP (NYSE:OKS), announced that it has issued $1.3 billion notes in two tranches. The notes were issued as per the shelf registration statement previously filed by the partnership with the Securities and Exchange Commission. The issue offering will close on January 26, 2011.
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| Earnings Preview: Varian Medical Posted: 24 Jan 2011 08:11 AM PST Varian Medical Systems (NYSE:VAR) is slated to report first quarter fiscal 2011 (ending December 31) results on January 26. The company expects earnings per share in the range of 71 cents to 74 cents for the quarter. The current Zacks Consensus Estimate for the first quarter is 73 cents, representing an estimated year-over-year increase of 15.71%.
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| Forex – Dollar Broadly Lower Vs. Rivals As Euro Regains Ground Posted: 24 Jan 2011 08:04 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Monday, as the euro regained ground after markets once again focused on remarks by the European Central Bank president that the bank could hike interest rates to combat inflation. During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.37% to hit 1.3676. On Sunday, in an interview with The Wall Street Journal, ECB President Jean-Claude Trichet said that core … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Erases Losses, Tracking Euro Higher Posted: 24 Jan 2011 07:54 AM PST Forex Pros – The pound erased losses against the U.S. dollar on Monday, tracking the euro higher but doubts over a near term rate hike by the Bank of England continued to weigh on the pound. GBP/USD clawed back up from 1.5921, the daily low, to hit 1.6001 during European late afternoon trade, easing up 0.02%. Cable was likely to find support at 1.5866, Friday's low and short-term resistance at 1.6058, the high of January 18 and a two-month high. The euro's gains came as markets … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Erases Losses, Rises To Fresh 9-week High Posted: 24 Jan 2011 07:43 AM PST Forex Pros – The euro erased earlier losses against the U.S. dollar on Monday, turning higher as markets refocused on remarks by European Central Bank president Jean-Claude Trichet that the bank could hike interest rates to combat inflation. EUR/USD clawed back up from 1.354, the daily low to hit 1.3658 during European late afternoon trade, gaining 0.26%. The pair was likely to find support at 1.354, the days low and resistance at 1.3785, the high of November 22. On Sunday, in an interview … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDCHF Moves Lower With Dollar Selling. Reaches Key Target Posted: 24 Jan 2011 07:42 AM PST The USDCHF is moving lower in reaction to the lower dollar in NY trading. Bombing in Moscow has led to a flight to safety and the CHF seems to be a currency in demand. The pair is looking to test the next target support at the 0.9484 level which is the 61.8% of the move up from the end of December low to the high reached on January 11th.
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| Opening Bell Market Monitor: MCD, JCP, RSH Posted: 24 Jan 2011 07:37 AM PST 01/24/11 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
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| McDonald’s Serves Up Strong 4Q Net Income Posted: 24 Jan 2011 02:30 AM PST 01/24/11 McDonald’s announced monday that its 4Q net income rose 2% on strong sales of specialty … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 24 Jan 2011 06:52 AM PST The morning news notes as prepared by TL…firms expecting to hire, Fed to adopt an inflation target?, Fed optimistic on economy, and revolution in Egypt? “Morning News Notes: January 24, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Greencore Considers Options After Northern Foods Accepts £342m Boporan Offer Posted: 24 Jan 2011 03:15 AM PST Irish food group Greencore Group (LON:GNC) was today pondering whether to bolster its offer to merge with Northern Foods (LON:NFDS) after being trumped on the deal late last week by Boporan Holdings. Greencore confirmed that it was now considering adding a cash element to the nil-premium merger offer that it originally made last November. Under the terms of that deal, Northern shareholders were in line to receive 0.4479 of one new Greencore share for every one Northern share held by them. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Outlook 2011: Everyone Needs Commodities Posted: 23 Jan 2011 10:00 PM PST The essence of natural resources and commodity investing can be boiled down to one key point: A larger, wealthier class of people in the emerging world are demanding more goods as they raise their standard of living and the supply of these goods is impacted by … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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