Thursday, January 6, 2011

DailyMarkets.com - Forex – EUR/USD Down During The U.S. Session

DailyMarkets.com - Forex – EUR/USD Down During The U.S. Session

Forex – EUR/USD Down During The U.S. Session

Posted: 06 Jan 2011 11:15 AM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.

EUR/USD was trading at 1.3014, down 1.03% at time of writing.

The pair was likely to find support at 1.2998, today's low, and resistance at 1.3432, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.78% to hit 0.8410 and EUR/JPY falling 1.00% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Microsoft “Kinect”ing The World

Posted: 06 Jan 2011 11:05 AM PST

Microsoft Corp (NASDAQ:MSFT) CEO Steve Ballmer's keynote at the Consumer Electronics Show (CES) was focused on the recent success of its motion-sensing controller, Kinect. Sales touched 8 million units in the first 60 days after launch, better than Microsoft's revised expectations of 5 million units and much better than its initial expectations of around 3 million units.
Kinect was always expected to do well, considering the publicity it has received since CES 2010. But the xBox console has also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMSC Gets South Korean Contract

Posted: 06 Jan 2011 11:05 AM PST

Power technologies company, American Superconductor Corporation (NASDAQ:AMSC), received a contract worth more than $10 million from South Korea's Doosan Heavy Industries & Construction Company Ltd. to supply wind turbine electrical control systems. The company expects to ship the electrical control systems to Doosan in the period between the second half of 2011 and the first half of 2012.
American Superconductor is focusing on developing the offshore wind market in Asia, which is witnessing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JPMorgan Expands In Switzerland

Posted: 06 Jan 2011 11:05 AM PST

As part of its major expansion plan, JPMorgan Chase & Co. (NYSE:JPM) expects to hire more than 400 people in Switzerland, particularly in Zurich, Geneva and Zug. This was stated by Mr. Martin Schuetz, the co-head of the company in Switzerland on Wednesday.
Mr. Schuetz commented that JPMorgan will create jobs in its private banking business in Geneva by increasing its staff from the present 650 employees to 1,000 by next year. Besides private banking, the company is also planning to hire … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“No Rhyme Or Reason To Same-store Sales”

Posted: 06 Jan 2011 11:00 AM PST

01/06/11 Meridian Equity Partners’ Jonathan Corpina discusses US same-store sales results, and expectations for Friday’s employment … [visit site to read more] or compare Best Credit Cards and Best CD Rates

NeuroMetrix’s New Strategy

Posted: 06 Jan 2011 10:35 AM PST

Nerve testing devices maker, NeuroMetrix (NASDAQ:NURO) recently modified its operational focus in favor of diabetes, in particular the diagnosis and monitoring of diabetic neuropathy. In addition, NeuroMetrix will maintain its ongoing sustenance for its neurodiagnostic business. 
According to the company, diabetes is the most significant opportunity for its in-house knowledge. Globally, there is a growing effort to combat the increased incidence of type II diabetes. Neuropathy is a serious … [visit site to read more] or compare Best Credit Cards and Best CD Rates

XL Group To Offer APL

Posted: 06 Jan 2011 10:35 AM PST

XL Insurance, the global insurance arm of  XL Group (NYSE:XL), and Jorgensen & Company, a specialist professional liability managing general underwriter, agreed to offer Accountants’ and Consultants’ Professional Liability Insurance (APL).
The product from XL Group will offer services that foresee and cater to risks faced by accountants. It will also provide added loss prevention services.
Jorgensen & Company also believes this agreement will augment its product offering as well as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The U.S. Session

Posted: 06 Jan 2011 10:35 AM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday.

AUD/USD was trading at 0.9958, down 0.38% at time of writing.

The pair was likely to find support at 0.9934, today's low, and resistance at 1.0225, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.76% to hit 1.3056 and AUD/JPY falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro At One Week Low Vs. Greenback

Posted: 06 Jan 2011 05:25 AM PST

01/06/11 The euro currency continued its decline this session against the US dollar as concerns continue to grow over the European debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Maxwell Gets Defense Contract

Posted: 06 Jan 2011 10:05 AM PST

Energy storage and power delivery products maker, Maxwell Technologies Inc. (NASDAQ:MXWL), was awarded a $1.7 million technology development contract by the Defense Advanced Research Projects Agency (DARPA) for the initial phase of a multi-phase program to develop a lighter, longer-lasting, energy source for field radios and other portable electronic equipment carried by military personnel. Maxwell will lead a team involving the U.S. Navy and the University of Massachusetts for developing an energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Xoma Partners Servier For XOMA 052

Posted: 06 Jan 2011 10:05 AM PST

Xoma Ltd. (NASDAQ:XOMA) received a boost recently as it entered into a development and commercialization agreement for its pipeline candidate XOMA 052 with a privately held French company, Les Laboratories Servier, for an upfront payment of $35 million.
XOMA 052 is an anti-inflammatory drug being studied for multiple indications like Behcet’s uveitis, diabetes and cardiovascular diseases.
In addition to the $35 million upfront payment, Xoma is also entitled to receive milestone payments of up to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Plains Issues $600M Notes

Posted: 06 Jan 2011 10:05 AM PST

Plains All American Pipeline LP (NYSE:PAA) issued $600 million 5% senior unsecured notes due on February 1, 2021.  The offer price of the unsecured notes is $99.521 (per $100.00 principal).
The partnership raised the size of the issue from its original plan of $400 million and intends to utilize the proceeds to lower its dues under the revolving credit facility and for general partnership purposes.
The partnership has plans to reborrow the amount repaid under the revolving credit facility to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Up During The U.S. Session

Posted: 06 Jan 2011 10:00 AM PST

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.7591, up 0.28% at time of writing.

The pair was likely to find support at 0.7554, today's low, and resistance at 0.7784, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.55% to hit 1.3128 and EUR/NZD falling 1.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Markets Mixed At Close; Dax Up 0.60%

Posted: 06 Jan 2011 09:55 AM PST

Forex Pros – European stocks were mixed after the closing bell on Thursday.

At the close of European trade, Germany's DAX rose 0.60%, London's FTSE 100 shed 0.40%, France's CAC 40 declined 0.00% and the EURO STOXX 50 was up 0.09%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.29%; the S&P 500 index shed 0.23%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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