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- Forex – EUR/USD Down During The Asian Session
- 12 Economic Collapse Scenarios That We Could Potentially See In 2011
- Forex – EUR/JPY Up During The Asian Session
- Forex – GBP/JPY Down During The Asian Session
- Stock Market Summary For Thursday, January 20, 2011
- RLI Corp. Downgraded
- Scientific Games Wins Lottery Deal
- Genworth Financial Downgraded
- BSX Gets Watchman With Atritech
- Forex – NZD/USD Down During The Asian Session
- Hot Option Plays: Investors Digesting Economic News
- Stock Market Ideas For Friday, January 21
- MarkWest Tightens Hold In Marcellus
- Halftime Report
- Sempra Buys S. American Utilities
- GBP/JPY Short-term Wave Count 1/20/2011
- Nokia’s Nightmare Continues
- Athenahealth Reaches Summit
- Google Beats, Page To Replace Schmidt
- GE Wins China Railway Deal
- Red Lion Hotels To Sell Assets
- BSDM’s MTX-180 Debuts In Europe
- Forex – EUR/USD Up At The End Of U.S. Session
- N.Z. Retail Sales Rise More-than-expected
- The Rebirth Of Phoenix Corporation (PNX)
- Forex – USD/JPY Up Toward The End Of U.S. Session
- McGraw-Hill Enhances Return
- FTI Consulting Upgraded
- Earnings Preview: Skyworks Solutions
- Forex – EUR/USD Up Toward The End Of U.S. Session
- 5 ETFs To Watch As China Grows
- U.S. Markets Close Lower; Dow Jones Down 0.02%
- LAN & TAM Merge
- GameStop Balances Risk-Reward
- Millicom Downgraded To Underperform
- Forex – GBP/USD Down During The U.S. Session
- PNC Runs Ahead Of Estimates
- NRP Presents 2011 Outlook
- We Should Take More Pride In Our Manufacturing Dominance; We Still Make LOTS Of Stuff Here
- Huntington Bancshares Posts Profit
- Plexus Falls On Weak Outlook
- Forex – USD/CAD Up During The U.S. Session
- Traffic Volume Increases In Nov. For Sixth Month
- Commodities Continue To Sizzle In 2010
| Forex – EUR/USD Down During The Asian Session Posted: 20 Jan 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3461, down 0.09% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8471 and EUR/JPY falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 12 Economic Collapse Scenarios That We Could Potentially See In 2011 Posted: 20 Jan 2011 05:43 PM PST What could cause an economic collapse in 2011? Well, unfortunately there are quite a few “nightmare scenarios” that could plunge the entire globe into another massive financial crisis. The United States, Japan and most of the nations in Europe are absolutely drowning in debt. The Federal Reserve continues to play reckless games with the U.S. dollar. The price of oil is skyrocketing and the global price of food just hit a new record high. Food riots are already breaking out all … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up During The Asian Session Posted: 20 Jan 2011 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Friday. EUR/JPY was trading at 111.86, up 0.03% at time of writing. The pair was likely to find support at 109.58, Monday's low, and resistance at 111.92, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.02% to hit 1.3476 and EUR/GBP rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/JPY Down During The Asian Session Posted: 20 Jan 2011 04:45 PM PST Forex Pros – The British Pound was lower against the Japanese Yen on Friday. GBP/JPY was trading at 131.88, down 0.05% at time of writing. The pair was likely to find support at 130.69, Thursday's low, and resistance at 132.51, Tuesday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.10% to hit 1.5913 and EUR/GBP falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary For Thursday, January 20, 2011 Posted: 20 Jan 2011 04:39 PM PST For the second session in a row stocks experienced selling pressure even though the major indexes rallied of their lows of the session. The DJIA and S&P 500 were able to finish mostly flat for the session but the activity in the Nasdaq Composite indicated selling with the index finishing down 0.8%. On the NYSE 1.7 stocks declined for every one that advanced. However, staying with the trend we are raising the support levels on the DJIA, S&P 500, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 04:05 PM PST On the back of lackluster performance at the Casualty segment along with escalating expenses we are downgrading RLI Corp. (NYSE:RLI) to Underperform. The Casualty segment was under pressure owing to difficult economic conditions, especially in construction and transportation-related coverages.
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| Scientific Games Wins Lottery Deal Posted: 20 Jan 2011 03:35 PM PST Scientific Games Corp.'s (NASDAQ:SGMS) joint venture, Northstar Lottery Group, LLC, has been selected as the private manager of Illinois Lottery for the next ten years, after it won a competitive procurement process.
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| Posted: 20 Jan 2011 03:35 PM PST Due to higher loss at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International, we are downgrading Genworth Financial (NYSE:GNW) to Underperform.
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| BSX Gets Watchman With Atritech Posted: 20 Jan 2011 03:35 PM PST Leading medical devices player, Boston Scientific Corporation (NYSE:BSX) has decided to acquire privately held Atritech Inc for an upfront payment of $100 million. In addition, milestone payment of up to $275 million will be made on achieving certain revenue-based targets till 2015.
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| Forex – NZD/USD Down During The Asian Session Posted: 20 Jan 2011 03:30 PM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of N.Z. data on Retail Sales. NZD/USD was trading at 0.7556, down 0.18% at time of writing. The pair was likely to find support at 0.7532, today's low, and resistance at 0.7788, Wednesday's high. Earlier in the day, official data showed that retail sales in New Zealand rose more-than-expected to a seasonally adjusted 1.50% last month, from -2.40% in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Investors Digesting Economic News Posted: 20 Jan 2011 03:18 PM PST Cusick's Corner
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| Stock Market Ideas For Friday, January 21 Posted: 20 Jan 2011 03:16 PM PST ( click to enlarge ) On today’s trading session, Morgan Stanley (NYSE:MS) declined initially and found support around $27.59 level. However, subsequently it recovered and rallied 6 percent from the session's low closing at $29.02. The near-term outlook will depend on the price movement in the next few days. I expect to see a breakout of this small range soon. Nevertheless, keep this on your watchlist because the overall market sentiment on MS is pretty bullish. If it breaks out of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| MarkWest Tightens Hold In Marcellus Posted: 20 Jan 2011 03:05 PM PST MarkWest Liberty Midstream & Resources, L.L.C., a partnership between MarkWest Energy Partners, L.P. (NYSE:MWE) and The Energy & Minerals Group, announced that it has entered into a long-term service contract with Chesapeake Energy Corporation (NYSE:CHK). Under the deal, MarkWest will extend additional natural gas midstream services in Chesapeake's gas rich Marcellus acreage of West Virginia.
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| Posted: 20 Jan 2011 03:05 PM PST Two years ago, President Obama took the oath of office. This seems like a good time to assess his presidency in terms of the economy and see how he stacks up relative to other recent presidents. Clearly Obama took charge during a difficult time for the economy — probably more challenging than any other recent president, with the possible exception of Ronald Reagan. However, the economic challenges facing Obama were certainly much different than those facing Reagan. Clearly, in some senses it … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Sempra Buys S. American Utilities Posted: 20 Jan 2011 03:05 PM PST Sempra Energy (NYSE:SRE), through its subsidiary Sempra Pipelines & Storage, plans to acquire AEI’s stake in two South American utilities, which it has been owning jointly with AEI for the past 12 years. The company will pay roughly $875 million for the two electric distribution utilities – Chilquinta Energia S.A. and Luz del Sur.
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| GBP/JPY Short-term Wave Count 1/20/2011 Posted: 20 Jan 2011 02:44 PM PST GBP/JPY - Following up with yesterday's GBP/JPY post, we are seeing a correction to the anticipated decline. - The GBP/JPY pair in the 15-min chart also shows us a bearish divergence. We could have completed an (a) and (b) wave, and in a terminal (c) wave that is devleoping into a diagonal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 02:35 PM PST Recently, The Wall Street Journal reported that Nokia Corp. (NYSE:NOK) has decided to cancel the U.S. release of its newly developed X7 smartphone. X7 was slated for release with AT&T (NYSE:T) probably by mid-February. This was Nokia's first venture in the U.S. with a giant telecom carrier partner.
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| Posted: 20 Jan 2011 02:35 PM PST Medical billing and records software provider Athenahealth Inc (NASDAQ:ATHN) has been chosen as a vendor by New Jersey-based privately-held premier multi-specialty medical group Summit Medical Group ("SMG"). SMG, a member of the American Medical Group Association, serves patients in the New York/New Jersey metropolitan area and treats more than 55,000 patients per month.
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| Google Beats, Page To Replace Schmidt Posted: 20 Jan 2011 02:35 PM PST Google Inc. (NASDAQ:GOOG) once again announced stellar 4th quarter earnings and revenue numbers, but the big headline came in the form of news that CEO Eric Schmidt will be replaced by Google co-founder Larry Page. Schmidt will assume an Executive Chairman role once he steps down as CEO this April. Back to the numbers: for the second consecutive quarter, Google has far surpassed Zacks Consensus Estimates for both earnings and revenues. Google posted GAAP EPS of $7.81, topping the upwardly revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 02:35 PM PST GE Transportation won a $1.4 billion contract from China’s Ministry of Railways including $350 million for export of locomotives, locomotive sub-assembly, service support and signaling systems.
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| Red Lion Hotels To Sell Assets Posted: 20 Jan 2011 02:05 PM PST Red Lion Hotels Corporation (NYSE:RLH) that owns, operates and franchises midscale full, select and limited service hotels, recently announced its plan to put its Seattle and Denver based hotels up for sale. Red Lion intends to unlock real estate value through selective disposition of asset ownership. Sale proceeds will be used to restructure the company's balance sheet, including paying down debt.
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| BSDM’s MTX-180 Debuts In Europe Posted: 20 Jan 2011 02:05 PM PST Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has successfully rolled out its first MicroThermX Microwave Ablation (MTX-180) system for soft tissue ablation (destruction) in Europe. The Utah-based company has shipped the MTX-180 to Med-Italia Biomedica (Med-Italia), a leading distributor of products for the interventional radiology/oncology market in Italy. BSD Medical's ablation products are targeted at this market.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 20 Jan 2011 01:55 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3473, up 0.001% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| N.Z. Retail Sales Rise More-than-expected Posted: 20 Jan 2011 01:55 PM PST Retail sales in New Zealand rose more-than-expected last month, official data showed on Thursday. In a report, Statistics New Zealand said that retail sales rose to 1.50%, from -2.50% in the preceding month . Analysts had expected retail sales to rise 1.30% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Rebirth Of Phoenix Corporation (PNX) Posted: 20 Jan 2011 01:48 PM PST Good morning everyone! Phoenix Petroleum or PNX in the Philippine Stock Exchange busted into the scene in yesterday's trading with a 7.94% gain when it rose from PHP 12.28 to close at PHP 13.32. But what got my attention was the huge volume that accompanied the move. Apparently, there was a big block purchase of 10 million shares at PHP 12.80. In my last post about this issue (kindly check it here), I mentioned the possibility that PNX would follow Petron Corporation's (PCOR) footsteps … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 20 Jan 2011 01:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday. USD/JPY was trading at 82.97, up 1.17% at time of writing. The pair was likely to find support at 81.85, Wednesday's low, and resistance at 83.13, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.3472 and GBP/USD falling 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 01:35 PM PST The McGraw-Hill Companies Inc. (NYSE:MHP), a publisher and provider of financial information and media services, hit the market with the news of dividend increase, reflecting its plan to utilize its free cash to enhance shareholders' return, thereby boosting investor confidence in the stock.
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| Posted: 20 Jan 2011 01:35 PM PST The rating for Baltimore, Maryland-based FTI Consulting Inc. (NYSE:FCN), a global business advisory firm, has been upgraded to Neutral from Underperform.
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| Earnings Preview: Skyworks Solutions Posted: 20 Jan 2011 01:35 PM PST Skyworks Solutions Inc. (NASDAQ:SWKS) is scheduled to report results for the first quarter of fiscal 2011 on January 20, 2011. Although earnings estimates for the first quarter have been static in the last 30 days, earnings estimates for fiscal 2011 have increased by 3 cents. Two out of the five analysts covering the stock have increased their estimates for fiscal 2011 in the last thirty days. Skyworks has constantly reported in-line results or exceeded expectations. On an average, Skyworks … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 20 Jan 2011 01:25 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3475, up 0.01% at time of writing. The pair was likely to find support at 1.3245, Monday's low, and resistance at 1.3538, Wednesday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.57% to hit 0.8470 and EUR/JPY rising 1.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| 5 ETFs To Watch As China Grows Posted: 20 Jan 2011 01:18 PM PST Despite a series of tightening monetary measures in 2010, China's economy grew by an astonishing 9.8 percent in the fourth quarter pushing it ahead of Japan as the world's second largest economy, while fueling concerns that more needs to be done to fight inflation.
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| U.S. Markets Close Lower; Dow Jones Down 0.02% Posted: 20 Jan 2011 01:10 PM PST Forex Pros – U.S. stocks were down after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.02%, the S&P 500 index shed 0.13%, while the Nasdaq 100 index declined 0.75%. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was revised down from 445.00K. Analysts had expected Initial Jobless Claims to fall to … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 01:06 PM PST LAN Airlines S.A. (NYSE:LFL) and TAM S.A. (NYSE:TAM) finally signed agreements for their merger which was proposed in August 2010. The merged entity is christened as LATAM Airlines Group S.A. (LATAM).
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| Posted: 20 Jan 2011 01:06 PM PST GameStop Corporation (NYSE:GME) is well positioned to take advantage of the growing market for video game products and PC entertainment software.The company's strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video games, and by leveraging its first-to-market distribution network to offer the latest hardware and software releases.
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| Millicom Downgraded To Underperform Posted: 20 Jan 2011 01:06 PM PST We downgrade our recommendation for Millicom International Cellular S.A. (NASDAQ:MICC) to Underperform based on its current valuation. The stock price has moved up by nearly 40% in the past year and is trading at its 52-week high at present. With respect to several valuation metrics, Millicom is trading at significantly higher multiples compared to both the S&P 500 average and the industry average.
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| Forex – GBP/USD Down During The U.S. Session Posted: 20 Jan 2011 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.5904, down 0.59% at time of writing. The pair was likely to find support at 1.5836, Monday's low, and resistance at 1.6059, Tuesday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Jan 2011 12:35 PM PST PNC Financial Services Group Inc.'s (NYSE:PNC) fourth-quarter adjusted earnings of $1.60 per share were ahead the Zacks Consensus Estimate of $1.40. Results also compare favorably with adjusted earnings of $1.56 in the prior quarter and 90 cents in the prior-year quarter.
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| Posted: 20 Jan 2011 12:35 PM PST Natural Resource Partners L.P. (NYSE:NRP) yesterday issued its earnings and other projections for 2011. The company has projected total revenue in the range of $300 – $350 million for 2011, with the midpoint representing a 10% rise from the upper limit of the estimated 2010 revenue.
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| We Should Take More Pride In Our Manufacturing Dominance; We Still Make LOTS Of Stuff Here Posted: 20 Jan 2011 12:31 PM PST There are frequent claims that "nothing is made in America anymore," because all of the manufacturing jobs and production have been outsourced to places like China, Mexico, and Korea (for example, Donald Trump makes that claim, as Don Boudreaux points out here). Such claims about U.S. manufacturing have been circulating so persistently and for so long, that most people now blindly accept these myths, even though the empirical evidence provides a completely different story—a thriving and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Huntington Bancshares Posts Profit Posted: 20 Jan 2011 12:05 PM PST Huntington Bancshares Inc. (NASDAQ:HBAN) reported fourth quarter 2010 profit of $122.9 million or 5 cents per share. The results included a one-time reduction of 7 cents per share for the deemed dividend resulting from the repurchase of $1.4 billion in TARP capital in December.
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| Posted: 20 Jan 2011 12:05 PM PST Plexus Corp. (NASDAQ:PLXS) shares fell 8.7% ($2.65) to $28.00 in after hours trading yesterday, following the company's first quarter 2011 earnings announcement. Plexus reported mixed quarterly results. While earnings per share (EPS) beat the Zacks Consensus Estimate by a penny, revenue missed the Consensus Estimate by 1.4%.
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| Forex – USD/CAD Up During The U.S. Session Posted: 20 Jan 2011 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CAD was trading at 0.9974, up 0.16% at time of writing. The pair was likely to find support at 0.9838, Tuesday's low, and resistance at 1.0031, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted 404.00K last week from 441.00K in the preceding week whose figure was … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Traffic Volume Increases In Nov. For Sixth Month Posted: 20 Jan 2011 11:25 AM PST The Federal Highway Administration reported today that travel on all roads and streets in the U.S. for the month of November was estimated at 241.8 billion vehicle miles, which is 1.1% above the same month last year, and almost 5% higher than the traffic volume in November 2008. What makes those November traffic increases especially noteworthy is that the price gas in November last year averaged $2.86 per gallon, which was 8% above the November 2009 price of $2.65, and 33% above the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Commodities Continue To Sizzle In 2010 Posted: 19 Jan 2011 10:00 PM PST If 2009 was a recovery year for commodities, 2010 was the year they regained their crown. The Reuters-Jeffries CRB Index jumped 17.44 percent in 2010. Combined with 2009's 24 percent gain, the CRB has climbed nearly 45 percent off 2008 lows. This updated version of our … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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