DailyMarkets.com - DELL On Acquisition Spree
DailyMarkets.com - DELL On Acquisition Spree |
- DELL On Acquisition Spree
- MarkWest Buys EQT’s Processing Unit
- Amdocs Upgraded To Neutral
- Collectible Or Numismatic Coins Are Fool’s Gold
- No Job? No Credit Card
- Stryker Buys Boston Sci Unit
- Hot Option Plays: Strong Data Boosts Dollar & Market
- Forex – EUR/USD Down During The U.S. Session
- Leap Wireless Strategy Paying Off
- Rite Aid Reverses SSS Decline
- Seeming End To Foreclosure Mess
- First Now Tagged With Total System
- ISM Services Up More Than Expected
- Forex – AUD/USD Down During The U.S. Session
- Archer Daniels Acquires Alimenta
- Boeing Gets More Orders For 737
- Forex – NZD/USD Down During The U.S. Session
- Gold Hitting Stop At $1361 – Huge Mistake Or Golden Opportunity?
- European Markets Mixed At Close; Dax Down 0.51%
- Why Rising Rates Are Super-Bullish For Gold And Silver
- CNOOC’s Overseas Investment Plans
- AngioDynamics Posts A Mixed Bag
- National Bank Of Romania Holds Interest Rate At 6.25%
- Theme Of The Week: Improving US Data Continues To Pump Up “US Recovery” Story
- Bank Indonesia Holds Benchmark Interest Rate At 6.5%
- Marriott Remains Neutral
- Sprint Unveils Third 4G Smartphone
- Forex – EUR/USD Down At The End Of European Session
- The Stock Market: A Word Of Caution As We Start 2011
- Applied DNA Sciences, Inc. (APDN) Signature DNA Helps Convict Criminals
- MetLife Vends $1.5B Notes
- Buckeye Partners Issues $650M Notes
- CNP Putting Its House In Order
- ADP Data Creates Volatile Trading For Bonds
- More Action To Vend LVS Biz At ARM
- Stock Market News Briefs: Alcoa, American Electric Power Company, Avon Products, Citigroup, Clorox Company, Colgate-Palmolive Company, Deutsche Bank AG, Family Dollar Stores, General Mills, Goldman Sachs Group, J P Morgan Chase & Co, Mosaic Company, UBS AG, Apple, Atheros Communications, Cisco Systems, QUALCOMM Incorporated
- CELG Seeks Label Expansion
- Applied DNA Sciences, Inc. (APDN) Signature DNA Helps Convict Criminals
- Tesoro Logistics Files For IPO
- Fresenius Buying Euromedic’s Unit
- ADP Sees Great Job Growth!
- Forex Trading: USDJPY Moves Above And Away From 100 Day MA
- Forex – Dollar Rallies After Strong U.S. Data Boosts Recovery Hopes
- Forex Trading: USDCHF Moves Higher But Runs Into Fibo Resistance
- Forex – Sterling Extends Losses Vs. Dollar After Upbeat U.S. Data
- Forex Technical Update – AUD/CAD’s Beaish Correlation With USD Strength
- Forex Trading: GBPUSD Falls Below 200 Hour MA
- ISM Business Activity Index For Services Expands For 13th Straight Month To Highest Level Since 2005
- Forex – EUR/USD Tumbles To Fresh 5-day Low After Strong U.S. Data
- FX Levels And Outlooks 1.5.2011 – USD/CAD AUD/USD Gold
- U.S. Non-manufacturing PMI Rises More-than-expected In December
- What Does $1Trillion Look Like?
- U.S. Stocks Slump Despite ADP Jobs Data; Dow Jones Down 0.16%
- NY Fed Model: 1-in-175 Chance Of 2011 Double-Dip
- Private Employers’ Job Reading Catapults Dollar
- Forex – Dollar Rallies To Fresh Daily Highs After Surprise ADP Jump
- Gulf Keystone Petroleum Cheered By Results Of Latest Kurdistan Well
| Posted: 05 Jan 2011 12:05 PM PST Dell Inc. (NASDAQ:DELL) continues to expand its enterprise technology portfolio with the intention of taking over another information-security services firm, SecureWorks Inc. The back-to-back acquisitions are expected to beef up Dell's products and services targeted at the corporate world. However, Dell has also mentioned its intention of not acquiring any more security firms.
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| MarkWest Buys EQT’s Processing Unit Posted: 05 Jan 2011 12:05 PM PST MarkWest Energy Partners, L.P. (NYSE:MWE) announced the acquisition of EQT Corporation's (NYSE:EQT) Kentucky basednatural gas processing complex and an associated natural gas liquids (NGL) pipeline. The purchase price of the properties has been settled at $230 million.
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| Posted: 05 Jan 2011 12:05 PM PST We upgrade our recommendation for Amdocs Ltd. (NYSE:DOX) to Neutral following our assumption that an improving global economy will revive the Telecommunications Software Management Systems market.
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| Collectible Or Numismatic Coins Are Fool’s Gold Posted: 05 Jan 2011 11:51 AM PST Last month, I addressed the hype around gold confiscation, and debunked the myth that collectible or numismatic coins would offer effective protection. But there is another sales pitch that many dealers will use while trying to “up sell” you to numismatics. They may argue that on investment merits alone, numismatics are a better bet. While this may be a more rational line of thinking than the typical confiscation con, it is bad advice for investors hoping to protect their assets in an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Jan 2011 11:35 AM PST If you are a stay-at-home parent, an unemployed spouse or a college student with low personal earnings, you may not qualify for a credit card of your own. This is what the Federal Reserve's proposed lending rule portends.
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| Posted: 05 Jan 2011 11:35 AM PST Orthopedic devices giant Stryker Corp (NYSE:SYK) has recently completed its acquisition of medical devices major Boston Scientific's (NYSE:BSX) neurovascular unit for $1.5 billion in cash. The companies forged a definitive agreement on October 28, 2010.
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| Hot Option Plays: Strong Data Boosts Dollar & Market Posted: 05 Jan 2011 11:19 AM PST Cusick's Corner
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| Forex – EUR/USD Down During The U.S. Session Posted: 05 Jan 2011 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.3165, down 1.08% at time of writing. The pair was likely to find support at 1.3127, today's low, and resistance at 1.3432, Tuesday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 297.00K last month, from 92.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Leap Wireless Strategy Paying Off Posted: 05 Jan 2011 11:05 AM PST After a gap of two consecutive quarters, Leap Wireless International Inc. (NASDAQ:LEAP), a small-sized prepaid wireless services provider in the U.S. operating under the brand name "Cricket," has generated net customer additions in the fourth quarter of 2010.
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| Posted: 05 Jan 2011 10:35 AM PST Leading drugstore chain operator Rite Aid Corp. (NYSE:RAD) reported a growth of 0.6% in same-store sales for the four weeks ended December 25, 2010. The company reported a same-store sales increase after 18 consecutive months of decline ever since May 2009, when it had registered positive same-store sales of 0.6%.
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| Seeming End To Foreclosure Mess Posted: 05 Jan 2011 10:35 AM PST The much awaited foreclosure mess is expected to end soon with the five largest lenders – Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC) and Ally Financial Inc – may be the first to settle the probe. The probe, started by U.S. bank regulators and a task force of Attorneys General (AGs) of all 50 states, is headed by Iowa Attorney General Tom Miller.
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| First Now Tagged With Total System Posted: 05 Jan 2011 10:35 AM PST Expanding its merchant service solutions, on Tuesday, Total System Services Inc. (NYSE:TSS) announced the purchase of the remaining 49% of First National Merchant Solutions LLC (FNMS) for approximately $169.6 million. The deal culminated on January 1, at the onset of 2011.
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| ISM Services Up More Than Expected Posted: 05 Jan 2011 10:35 AM PST The Institute for Supply Management's Non Manufacturing — or Service — survey rose in December to 57.1 from 55.0 in November. Like its venerable brother, the Manufacturing survey, this is a "magic 50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction. Thus, this means that the Service side of the economy, which is far larger than the Manufacturing side, is not only growing, but the rate of growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down During The U.S. Session Posted: 05 Jan 2011 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9999, down 0.52% at time of writing. The pair was likely to find support at 0.9961, today's low, and resistance at 1.0255, Friday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.57% to hit 1.3165 and AUD/JPY rising 0.92% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Archer Daniels Acquires Alimenta Posted: 05 Jan 2011 10:05 AM PST Through the acquisition of all the outstanding shares of Alimenta (USA), Inc., Archer Daniels Midland Company (NYSE:ADM) will now have 100% stake in Golden Peanut Company. Alimenta is Archer Daniels' 50% partner in Golden Peanut Company.
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| Boeing Gets More Orders For 737 Posted: 05 Jan 2011 10:05 AM PST The Boeing Company (NYSE:BA) announced that it received an order from CIT Group Inc.'s (NYSE:CIT) unit CIT Aerospace to deliver 38 Next Generation 737. CIT Aerospace also booked purchase rights for seven additional 737s. The order comprises two different models of 737, 15 of 737-900ER and 23 737-800 airplanes. The airplanes will be delivered by 2017.
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| Forex – NZD/USD Down During The U.S. Session Posted: 05 Jan 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7628, down 0.49% at time of writing. The pair was likely to find support at 0.7597, today's low, and resistance at 0.7814, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.17% to hit 1.3124 and EUR/NZD falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gold Hitting Stop At $1361 – Huge Mistake Or Golden Opportunity? Posted: 05 Jan 2011 09:55 AM PST Let’s face it almost every trader or investor dreads a drawdown. Traders do everything they can to avoid them, even if it means they drastically reduce their ultimate gains. It looks like the stop at $1361 will be hit and gold will begin the trip down into an intermediate low. I get the feeling that many traders assumed the stop was there only as a token gesture, but really had no chance of getting hit. I’m also afraid that despite my many many warnings that too many traders took on … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Mixed At Close; Dax Down 0.51% Posted: 05 Jan 2011 09:55 AM PST Forex Pros – European stocks were mixed after the closing bell on Wednesday. At the close of European trade, Germany's DAX fell 0.51%, London's FTSE 100 gained 0.50%, France's CAC 40 declined 0.29% and the EURO STOXX 50 was down 0.37%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.38%; the S&P 500 index gained 0.47%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why Rising Rates Are Super-Bullish For Gold And Silver Posted: 05 Jan 2011 09:51 AM PST Heading into 2011, the consensus outlook on precious metals is slightly positive but the consensus believes that higher interest rates will ultimately support the US currency and in turn engender a move out of Gold. The Gold naysayers are using "rising rates" as a way to dismiss Gold. Let me explain why this belief is not only false but utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CNOOC’s Overseas Investment Plans Posted: 05 Jan 2011 09:35 AM PST China National Offshore Oil Corporation, the parent of CNOOC Ltd. (NYSE:CEO), plans to invest approximately $151 billion in the next five years to increase production volumes, according to China Business News. The state-controlled oil explorer will mainly invest in offshore projects to boost its overseas operations. The company is eyeing its cash flow and capital markets for funding this huge investment.
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| AngioDynamics Posts A Mixed Bag Posted: 05 Jan 2011 09:35 AM PST Therapeutic and diagnostic devices maker AngioDynamics (NASDAQ:ANGO) announced second-quarter fiscal 2011 (ended Nov 30, 2010) results after the closing bell on January 4, 2011, with earnings of 13 cents per share beating the Zacks Consensus Estimate by a penny while matching the year-ago earnings. Net income budged up 4.8% year over year to $3.3 million despite a modest decline in sales, helped by management's effective cost containment initiatives and lower tax.
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| National Bank Of Romania Holds Interest Rate At 6.25% Posted: 05 Jan 2011 09:27 AM PST The monetary board of the National bank of Romania decided to retain
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| Theme Of The Week: Improving US Data Continues To Pump Up “US Recovery” Story Posted: 05 Jan 2011 09:18 AM PST US Data Continues to Impress, Blow-Out ADP Jobs Report Released Wednesday //
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| Bank Indonesia Holds Benchmark Interest Rate At 6.5% Posted: 05 Jan 2011 09:15 AM PST Bank Indonesia announced it would hold its key interest rate at 6.5%,
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| Posted: 05 Jan 2011 09:05 AM PST We are maintaining our long-term Neutral recommendation for Marriott International Inc. (NYSE:MAR), a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Given the company's strong pipeline, significant international exposure, solid balance sheet, lower operating cost structure, favorable pricing and increased market share, we believe it is one of the leading worldwide hospitality companies with a positive long-term outlook.
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| Sprint Unveils Third 4G Smartphone Posted: 05 Jan 2011 09:05 AM PST Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, unveiled its third 4G handset "HTC EVO Shift 4G", which will be available in markets on January 9. The handset is priced at $149.99 after a $100 rebate and carries a two-year contract.
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| Forex – EUR/USD Down At The End Of European Session Posted: 05 Jan 2011 09:05 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.3167, down 1.07% at time of writing. The pair was likely to find support at 1.3127, today's low, and resistance at 1.3432, Tuesday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 297.00K last month, from 92.00K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Stock Market: A Word Of Caution As We Start 2011 Posted: 05 Jan 2011 08:54 AM PST While I take no pride in being the bearer of bad news so early in 2011, events are unfolding in the stock market that require immediate caution on the part of my readers. Specifically, an indicator I follow closely is flashing red for stocks. Stock market sentiment—that's how investors feel about stocks—has turned very bearish. Here's how this indicator works: The more positive investors feel about the stock market, the more bearish the investment sentiment indicator turns. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Applied DNA Sciences, Inc. (APDN) Signature DNA Helps Convict Criminals Posted: 05 Jan 2011 08:35 AM PST Grant Zeng, CFA In a news release issued on January 4, 2011, Applied DNA Sciences, Inc. (APDN), a provider of plant DNA-based security solutions, announced that the Company's DNA evidence was pivotal in helping West Midlands Police and Metropolitan Police Flying Squad in UK arrest and convict two cash-in-transit criminals. In the West Midlands, Colin Waddingham was found guilty of cash-in-transit robbery and associated offenses and sentenced to 11 years of imprisonment. He was found … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Jan 2011 08:35 AM PST On Tuesday, MetLife Inc. (NYSE:MET) sold off three-part senior notes worth approximately $1.5 billion in the 144A private placement market. According to Reuters, MetLife Global Funding I vended off three-year floating-rate notes and three-year fixed-rate notes of $500 million each, along with five-year notes worth $500 million.
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| Buckeye Partners Issues $650M Notes Posted: 05 Jan 2011 08:35 AM PST The refined petroleum pipelines operator Buckeye Partners L.P. (NYSE:BPL) issued $650 million 4.875% senior unsecured notes due in February 1, 2021. The offer price of the unsecured notes is $99.620 (per $100.00 principal).
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| CNP Putting Its House In Order Posted: 05 Jan 2011 08:35 AM PST In order to meet the future requirement of funds and reduce interest liability, CenterPoint Energy Inc. (NYSE:CNP) announced an exchange offer of senior notes along with selling new ones. The company in a shrewd move announced that it will exchange $762 million of its senior notes due 2013 with coupon rates of 7.875% with new senior notes due 2021 with a coupon rate of 4.50%. The exchange offer will expire on February 2, 2011. Through the exchange of senior notes with cheaper ones along with … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| ADP Data Creates Volatile Trading For Bonds Posted: 05 Jan 2011 08:34 AM PST The FOMC rock-solidly defended its position in the minutes of its December meeting, absolutely standing behind its decision to see through a second wave of quantitative easing. Bond-buying hopefuls spotting the resumption of an engineered drop in the yield curve were eager to snap-up bonds on Tuesday. By midweek an ADP employment report and a loosely-linked forerunner to the big non-farm payroll data due out on Friday stunned investors suggesting a wave of hiring last month and reversed the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| More Action To Vend LVS Biz At ARM Posted: 05 Jan 2011 08:27 AM PST ArvinMeritor Inc. (NYSE:ARM) has completed the sale of its Body Systems business to auto supplier, Inteva Products LLC, for $27.27 million. The selling price consisted of $12.27 million in cash and a promissory note of $15 million. The Troy-Michigan based Inteva manufactures car doors, roofs, electronics and other products.
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| Posted: 05 Jan 2011 08:27 AM PST Qualcomm (NASDAQ:QCOM) has announced plans to purchase Atheros Communications (NASDAQ:ATHR) for $45 per share, in a deal valued at $3.5 billion After yesterday’s close, Mosaic (NYSE:MOS) reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks Consensus Estimate of $1.0, as sales surged 59% to $2.7 billion, higher the Zacks Consensus Estimate of $2.17 billion Family Dollar Stores (NYSE:FDO) posted fiscal first quarter results of $0.58, lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 05 Jan 2011 08:27 AM PST Celgene Corporation (NASDAQ:CELG) announced that it has filed for approval of cancer drugs Revlimid (lenalidomide) and Istodax (romidepsin) for additional indications. While European approval was sought for Revlimid as a first-line maintenance therapy in patients suffering from multiple myeloma (MM), US approval was sought for Istodax for treating patients suffering from peripheral t-cell lymphoma (PTCL). The patients have been treated at least once for PTCL.
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| Applied DNA Sciences, Inc. (APDN) Signature DNA Helps Convict Criminals Posted: 05 Jan 2011 08:27 AM PST Grant Zeng, CFA In a news release issued on January 4, 2011, Applied DNA Sciences, Inc. (APDN), a provider of plant DNA-based security solutions, announced that the Company's DNA evidence was pivotal in helping West Midlands Police and Metropolitan Police Flying Squad in UK arrest and convict two cash-in-transit criminals. In the West Midlands, Colin Waddingham was found guilty of cash-in-transit robbery and associated offenses and sentenced to 11 years of imprisonment. He was found … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Tesoro Logistics Files For IPO Posted: 05 Jan 2011 08:26 AM PST Tesoro Logistics LP – a newly formed subsidiary of independent refiner Tesoro Corporation (TSO) – said that it has filed a preliminary registration statement with the Securities and Exchange Commission for a proposed initial public offering ("IPO") of its units representing limited partner interests.
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| Fresenius Buying Euromedic’s Unit Posted: 05 Jan 2011 08:26 AM PST Fresenius Medical Care (NYSE:FMS), the largest global player in dialysis-related services, recently signed a purchase agreement to acquire International Dialysis Centers ("IDC"), Euromedic International's ("Euromedic") dialysis service segment. For its part, Euromedic will focus on cancer treatment and diagnostic arenas.
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| Posted: 05 Jan 2011 08:26 AM PST The Automatic Data Processing (NYSE:ADP) employment survey was FAR better than expected in December. It shows that private sector employment rose by 297,000 in October, almost triple consensus expectations for a 100,000 increase. The November numbers were revised slightly lower to a gain of 92,000 jobs rather than the original estimate of a gain of 93,000 jobs. ADP, as the largest payroll processing firm in the country, is in a very good position to look at the state of the job market. This is … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDJPY Moves Above And Away From 100 Day MA Posted: 05 Jan 2011 08:15 AM PST The USDJPY is making a move above the 100 day MA at 83.13. The risk is to a move below 83.10 now. The next target on the upside 83.40. A move to test the December highs of 84.40-51 are also a likely target. Stay above the 83.13 level and more shorts will likely be forced to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Rallies After Strong U.S. Data Boosts Recovery Hopes Posted: 05 Jan 2011 08:05 AM PST Forex Pros – The U.S. dollar extended earlier gains against most of its major counterparts on Wednesday, after data showed that U.S. service industries expanded in December at the fastest pace since May 2006. During European late afternoon trade, the greenback was sharply higher against the euro, with EUR/USD plunging 1.18% to hit 1.3149. Earlier in the day, fresh concerns over Europe's sovereign debt surfaced, following reports that the Swiss National Bank excluded Irish government bonds … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDCHF Moves Higher But Runs Into Fibo Resistance Posted: 05 Jan 2011 07:55 AM PST The USDCHF has moved above a target level at the 0.9640 area and has moved to new highs for the day at the 0.9681. The bias is bullish for the pair as it has broken through the 100 and 200 hour MA over the last few days as well as through 38.2% Fibo resistance and trendline resistance (see chart above).
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| Forex – Sterling Extends Losses Vs. Dollar After Upbeat U.S. Data Posted: 05 Jan 2011 07:50 AM PST Forex Pros – Sterling extended losses against the U.S. dollar on Wednesday, plunging to a fresh daily low after a string of better-than-expected U.S. data fuelled hopes that the U.S. economic recovery was becoming self-sustaining. GBP/USD hit 1.5463 during European late afternoon trade, a fresh daily low; the pair subsequently consolidated at 1.5474, tumbling 0.7%. Cable was likely to find short-term support at 1.5418, the low of December 31 and resistance at 1.5645, Tuesday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Technical Update – AUD/CAD’s Beaish Correlation With USD Strength Posted: 05 Jan 2011 07:43 AM PST USD Index and AUD/CAD Day: I know this is not the prettiest charts put together through Photoshop. Nonetheless, courtesy of Forexpros.com, we have a USD index, and courtesy of VT Trader we have a AUD/CAD chart both going back to April 2010.
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| Forex Trading: GBPUSD Falls Below 200 Hour MA Posted: 05 Jan 2011 07:42 AM PST |
| ISM Business Activity Index For Services Expands For 13th Straight Month To Highest Level Since 2005 Posted: 05 Jan 2011 07:39 AM PST “ISM’s Non-Manufacturing Business Activity Index in December registered 63.5 percent, an increase of 6.5 percentage points when compared to the 57 percent registered in November (see graph above). Fourteen industries reported increased business activity, and two industries reported decreased activity for the month of December. Two industries reported no change from November. Comments from respondents include: “Consumer optimism increasing” and “More end-of-year budget releases.” The … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Tumbles To Fresh 5-day Low After Strong U.S. Data Posted: 05 Jan 2011 07:37 AM PST Forex Pros – The euro extended losses against the U.S. dollar on Wednesday, tumbling to a fresh five-day low after a string of significantly better-than-expected U.S. economic data boosted hopes that the U.S. recovery is broadening. EUR/USD hit 1.3127 during European late afternoon trade, the pair's lowest since December 29; the pair subsequently consolidated at 1.3140, plummeting 1.27%. The pair was likely to find short-term support at 1.3082, the low of December 29 and resistance at … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FX Levels And Outlooks 1.5.2011 – USD/CAD AUD/USD Gold Posted: 05 Jan 2011 07:14 AM PST USD/CAD – Breaks Below 2010 Lows; Eyes 2008 LowsResistance : 1.00-0.9980; R2: 1: 1.0020-1.0050; R3: 1.01-1.0110 - The USD/CAD did indeed declined almost to the 0.9950 level . The market so far did not break below into this reverse head and shoulder bottom. The 50SMA in the 1H chart also proved to be support.
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| U.S. Non-manufacturing PMI Rises More-than-expected In December Posted: 05 Jan 2011 07:05 AM PST Forex Pros – The service sector in the U.S. grew more-than-expected in December, expanding for the eleventh consecutive month, industry data showed on Wednesday. In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index rose to 57.1 in December, after rising to 55.0 in November. Analysts had expected the index to rise to 55.7 in December. On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| What Does $1Trillion Look Like? Posted: 05 Jan 2011 06:59 AM PST From the CD archives, originally posted on March 8, 2009: $1 million ($100 bills): $1 trillion (notice the guy in the lower left hand corner): Featured today on Greg Mankiw’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Stocks Slump Despite ADP Jobs Data; Dow Jones Down 0.16% Posted: 05 Jan 2011 06:53 AM PST Forex Pros – U.S. stocks were down after the open on Wednesday, as shares in the commodity sector led markets lower, but losses were capped after the release of significantly better-than-expected data on U.S. non-farm employment. During early U.S. trade, the Dow Jones Industrial Average shed 0.16%; the S&P 500 index dropped 0.18%, while the Nasdaq Composite index fell 0.12%. Earlier in the day, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| NY Fed Model: 1-in-175 Chance Of 2011 Double-Dip Posted: 05 Jan 2011 06:48 AM PST The New York Federal Reserve updated its “Probability of U.S. Recession Predicted by Treasury Spread” this week with treasury yield data through December 2010, and the Fed’s recession probability forecast through December 2011. The NY Fed’s Treasury model uses the spread between the yields on 10-year Treasury notes (3.29% in December) and 3-month Treasury bills (0.14%) to calculate the probability of a U.S. recession up to twelve months ahead (see details here). The Fed’s model (data here) … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Private Employers’ Job Reading Catapults Dollar Posted: 05 Jan 2011 06:35 AM PST The dollar is on something of a tear again this morning as investors binging on equities to start the year rolling in ebullient fashion are faced with a swift reversal according to pre-market indications. However, the chorus of support for an improving and indeed accelerating U.S. economy continues to be heard. The difficulty is in knowing which side to fall down on. One could argue that a recovery should lift risk appetite around the globe with investors grasping at the higher-hanging fruits. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Rallies To Fresh Daily Highs After Surprise ADP Jump Posted: 05 Jan 2011 06:31 AM PST Forex Pros – The U.S. dollar extended gains against most of its major counterparts on Wednesday, after data showed the U.S. private sector added significantly more jobs than expected in December. During European afternoon trade, the greenback was up against the euro, with EUR/USD plunging 1.25% to hit 1.314. Earlier in the day, fresh concerns over Europe's sovereign debt surfaced, following reports that the Swiss National Bank excluded Irish government bonds from being used as eligible … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Gulf Keystone Petroleum Cheered By Results Of Latest Kurdistan Well Posted: 05 Jan 2011 01:26 AM PST Gulf Keystone Petroleum (LON:GKP) , the oil and gas group active in the Kurdistan region of Iraq, this morning reported that it had finished drilling and testing operations on its Shaikan-3 shallow appraisal well. The well was drilled to 1,100m in order to test Cretaceous age rock intervals for producible oil – an area that could not be completed properly in the original Shaikan-1 well that was drilled in 2009. Flow tests and log evaluations have focused on resources in the Garagu, or lower … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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