DailyMarkets.com - American Medical Beats Forecasts
DailyMarkets.com - American Medical Beats Forecasts |
- American Medical Beats Forecasts
- Portfolio Recovery Profits Soar
- Fossil Beats; Outlook Optimistic
- Forex – EUR/USD Up On Economic Data
- Dean Foods Beats By A Penny
- ValueClick Beats, Shares Rise
- Utilities Drag Down Industrial Production
- Genomic Progresses On Gene Study
- PPI Stokes Inflation Fears
- Whole Foods To Outperform
- Forex – AUD/USD Up In U.S. Trade
- Forex – NZD/USD Up During The U.S. Session
- Bulls Scoop Up Valero Energy Corp. Calls
- Health Care REIT Stumbles
- GENZ Results Eclipsed By SNY Deal
- European Markets Close Higher; Dax Up 0.19%
- Using Intraday TICK Signals To Forecast Reversals
- Forex Trading: EURJPY Runs Into Trendline Resistance
- Forex Trading: USDCAD Fails To Break The Full Support Level.
- Talisman Falters On Earnings
- Multi-family Housing Starts Soar
- Forex Trading: GBPUSD Tests Upside Resistance
- Earnings Scorecard: Simon Property
- Earnings Scorecard: BJRI
- Goldman To Shut Macro Trading Desk?
- Dollar Rises On Strong Data
- Forex – EUR/USD Up At The End Of European Session
- Stocks To Watch On Wednesday: Exxon Mobil, Monsanto, JDS Uniphase, Dell, Siemens, BHP Billiton, Sanofi-Aventis, Genzyme
- Forex Trading: EURGBP Falls Hard Yesterday, Rallies Back Up Today
- European Policymakers Quell Inflationary Concerns
- Profitable Quarter For Dell
- Get Your Free Digital Copy Of The Elliott Wave Principle
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Three ETFs To Play Water Shortage
- Comcast Beats, Dividend Raised
- PMI Group Widens Loss
- Deere Outperforms Zacks Estimates
- Capella Misses, Enrollment Sinks
- Profits Dip For Cincinnati Bell
- CIT Lags Estimates, Profit Falls
- Crude Rises On Risk Appetite, API Figures
- Forex – Dollar Mixed Vs. Rivals Fed Policy Meeting Minutes Eyed
- Forex – EUR/USD Erases Losses Ahead Of Fed FOMC Minutes
- Stock Market Summary For Wednesday, February 16, 2011 Special Alert
- OfficeMax Impresses With Strong Earnings
- Forex – GBP/USD Trims Losses Ahead Of Fed Meeting Minutes
- Forex Trading: EURUSD Tests Resistance. Will It Hold?
- Forex Trading: USDCAD Contained In A Narrow Range, But Does It Provide An Opportunity?
- Opening Bell Market Monitor: BGP, DE, DELL, GENZ, SNY
- Key Level To Watch On Weekly And Daily Emerging Markets EEM
- Silver Loses Momentum After Double Top; 29.60 Is Key Support
- Morning News Notes: 2.16.11
- Atlantic Coal Digs Deep To Fund Expansion Plans
- Norseman Gold Raises New Cash And Sets Sights On Production Targets
- Two New Contracts Push Hydro International Shares Higher
American Medical Beats Forecasts Posted: 16 Feb 2011 11:35 AM PST Leading pelvic-health devices provider American Medical Systems (NASDAQ:AMMD) posted fourth-quarter fiscal 2010 adjusted (excluding one-time items such as amortization charges) earnings per share of 40 cents, ahead of the Zacks Consensus Estimate of 36 cents while exceeding the year-ago adjusted earnings of 35 cents. |
Portfolio Recovery Profits Soar Posted: 16 Feb 2011 11:25 AM PST Portfolio Recovery Associates Inc. (NASDAQ:PRAA) reported its fourth-quarter income from continuing operations of $20.6 million or $1.20 per share, surpassing the Zacks Consensus Estimate of $1.12 and the prior-year earnings of $12.4 million or 80 cents. |
Fossil Beats; Outlook Optimistic Posted: 16 Feb 2011 11:25 AM PST Fossil (NASDAQ:FOSL) reported results for the fourth quarter of 2010 with earnings of $1.46 per share, which were well above the Zacks Consensus Estimate of $1.35. The earnings were significantly above the previous year's earnings of $1.03, driven by the successful execution of its key strategies. |
Forex – EUR/USD Up On Economic Data Posted: 16 Feb 2011 11:15 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production. EUR/USD was trading at 1.3541, up 0.41% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3621, Friday's high. Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.10% last month, from 1.20% in the preceding month whose figure was revised up from 0.80%. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 16 Feb 2011 11:05 AM PST Dean Foods Company’s (NYSE:DF) adjusted earnings per share for the fourth quarter fiscal 2010 came in at 15 cents, well behind 31 cents recorded in the year-ago quarter but beat the Zacks Consensus Estimate by a penny. |
Posted: 16 Feb 2011 11:05 AM PST ValueClick Inc.'s (NASDAQ:VCLK) fourth quarter 2010 earnings beat the Zacks Consensus Estimate of 23 cents per share by 6 cents. Earnings (including stock-based compensation but excluding amortization of intangibles) were 29 cents per share, up 26.1% year over year from 23 cents per share reported in the prior-year quarter. |
Utilities Drag Down Industrial Production Posted: 16 Feb 2011 11:05 AM PST Total Industrial Production fell 0.1% in January, which was well below the expected 0.6% increase. While on first blush the decline and the miss are big disappointments, if one digs deeper, it really was not a bad report. The increase comes after a 1.2% rise in December, and that was revised up by 0.4% from 0.8%. Thus relative to where we thought industrial production was in December, output is actually up, not down. In November, total production increased by 0.3%, and was not revised. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Genomic Progresses On Gene Study Posted: 16 Feb 2011 10:35 AM PST Recently, Genomic Health (NASDAQ:GHDX), an oncology based biotech company, presented encouraging data at the American Society of Clinical Oncology (ASCO). It included complete results from its prostate cancer gene identification study, which identified 295 genes strongly associated with recurrence following radical prostatectomy (RP). |
Posted: 16 Feb 2011 10:35 AM PST Before the Producer Price Index (PPI) report was released before the bell today, analysts had been looking for a slight increase in prices — but by and large were attributing them to higher food and energy costs. However, with the January PPI posting the highest core production price levels in over 2 years — up 0.5% not counting food and energy — suddenly fears about inflation are back in play. Inflation is something the Federal Reserve has done little or nothing to address in the aftermath … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 16 Feb 2011 10:35 AM PST Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (NASDAQ:WFMI) offers investors one of the strongest growth profiles in the industry with its strong brand image and marketing and merchandising expertise. The stock is poised to surge as the demand for healthier and natural food improves. |
Forex – AUD/USD Up In U.S. Trade Posted: 16 Feb 2011 10:35 AM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 1.0000, up 0.35% at time of writing. The pair was likely to find support at 0.9944, Tuesday's low, and resistance at 1.0074, Monday's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.20% to hit 1.3564 and AUD/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – NZD/USD Up During The U.S. Session Posted: 16 Feb 2011 10:00 AM PST Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.7524, up 0.07% at time of writing. The pair was likely to find support at 0.7504, Tuesday's low, and resistance at 0.7628, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.12% to hit 1.3269 and EUR/NZD rising 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Bulls Scoop Up Valero Energy Corp. Calls Posted: 16 Feb 2011 09:59 AM PST Bulls scoop up Valero Energy Corp. calls |
Posted: 16 Feb 2011 09:55 AM PST Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, reported fourth quarter 2010 FFO (funds from operations) of $82.7 million or 60 cents per share, compared to $56.3 million or 46 cents in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. |
GENZ Results Eclipsed By SNY Deal Posted: 16 Feb 2011 09:55 AM PST Genzyme Corporation (NASDAQ:GENZ) reported fourth quarter earnings of 71 cents per share (excluding one-time items but including the impact of stock-based compensation expense), a couple of cents below the Zacks Consensus Estimate, but significantly above the year-earlier earnings of 17 cents. |
European Markets Close Higher; Dax Up 0.19% Posted: 16 Feb 2011 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 0.19%, London's FTSE 100 gained 0.80%, France's CAC 40 climbed 1.00% and the EURO STOXX 50 was up 1.04%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.31%; the S&P 500 index gained 0.37%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Using Intraday TICK Signals To Forecast Reversals Posted: 16 Feb 2011 09:41 AM PST I wanted to document what the TICK had to say about today's sharp reversal and lunch-time market drop. To learn this important concept – applicable mostly to intraday index futures or ETF traders – take a close look at the chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: EURJPY Runs Into Trendline Resistance Posted: 16 Feb 2011 09:39 AM PST |
Forex Trading: USDCAD Fails To Break The Full Support Level. Posted: 16 Feb 2011 09:35 AM PST The USDCAD fell below support level 1 at 0.9858, but could move to support level 2 at 0.9850 level. The price has moved back above the 0.9858 level and should lead to bulls wrestling some control again. A move below 0.9850 should not be faded … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 16 Feb 2011 09:35 AM PST Canadian energy explorer Talisman Energy Inc. (TLM) reported weaker-than-expected fourth quarter 2010 results, hampered by higher cash taxes. |
Multi-family Housing Starts Soar Posted: 16 Feb 2011 09:35 AM PST Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down 2.6%. Quite frankly, a year ago was also a pretty lousy time for homebuilders, so the increase is off a pretty easy comp. If one looks at only single-family houses, the picture was worse, falling to 413,000 from 417,000 … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: GBPUSD Tests Upside Resistance Posted: 16 Feb 2011 09:22 AM PST The price in GBPUSD breached the 100 hour MA at the 1.6064 level (38.2% was also at 1.6061) but found sellers against the 200 hour MA and the 50% of the days trading range. That area comes in at 1.6080-85. So far sellers have come in against the level. I would expect that to continue with stops on a move above. However, I would also expect buyers against the 100 hour MA as the bulls and bears fight it out at these levels. The battle lines are drawn for the market. |
Earnings Scorecard: Simon Property Posted: 16 Feb 2011 09:10 AM PST Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), reported fiscal 2010 fourth quarter funds from operations (FFO) of $1.78 per share, which beat the Zacks Consensus Estimate by 4 cents. Fund from operations, a widely used metric to gauge the performance of REIT, is obtained after adding depreciation and amortization and other non-cash expenses to net income. |
Posted: 16 Feb 2011 09:05 AM PST BJ’s Restaurants Inc. (NASDAQ:BJRI) posted in line fourth-quarter 2010 results on February 10, 2011, driven by comparable store sales growth. Given below is our report on the recent earnings announcement as well as subsequent analyst estimate revisions over the short and long-term periods. |
Goldman To Shut Macro Trading Desk? Posted: 16 Feb 2011 09:05 AM PST In an effort to comply with the financial regulations, Goldman Sachs Group Inc. (NYSE:GS) is said to be shutting down its Global Macro Proprietary Trading desk, according to a Wall Street Journal report. The trading desk deals with foreign-exchange markets, interest-rate markets, stocks, commodities and other fixed-income markets. |
Posted: 16 Feb 2011 09:00 AM PST 02/16/11 The US dollar rallied against its major counterparts this session following strong housing figures in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – EUR/USD Up At The End Of European Session Posted: 16 Feb 2011 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production. EUR/USD was trading at 1.3546, up 0.44% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3621, Friday's high. Earlier in the day, official data showed that U.S. industrial production fell unexpectedly to -0.10% last month, from 1.20% in the preceding month whose figure was revised up from 0.80%. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 16 Feb 2011 08:39 AM PST U.S. stocks retreated, pulling the S&P 500 Index down from a 32-month high, after a report showed retail sales increased less than forecast, the NAHB index still very close to "crisis" levels and Exxon Mobil (NYSE:XOM) led a decline in energy producers. Exxon Mobil, the world's largest company, shed 2.3% for its biggest drop since August as investors analyzed data on its proved reserves. And Monsanto (NYSE:MON) sank 4.8% as billionaire investor George Soros's hedge fund cut its … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: EURGBP Falls Hard Yesterday, Rallies Back Up Today Posted: 16 Feb 2011 08:31 AM PST The EURGBP fell hard yesterday on the back of the UK 4% CPI inflation numbers. Today the EURGBP rallied back up on the BOE inflation report saying although inflation might rise higher, they expect that inflation would come down later in 2012 due to spare capacity. The report was filled, however, with a lot of uncertainty with the balance being toward higher inflation ("..risks around the most likely outcome are skewed to the upside"). Nevertheless, the market … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
European Policymakers Quell Inflationary Concerns Posted: 16 Feb 2011 08:25 AM PST European government bonds rose after inspiration came from the Bank of England’s four-times a year report on inflation. The central bank scotched concerns that it should raise rates immediately to address price pressures created by surging commodity costs. Governor King made the immediate point in his opening remarks at a press conference that monetary policy must be forward-looking rather than dealing with the here-and-now. His thought process was later echoed by a continental speaker who also … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Posted: 16 Feb 2011 08:22 AM PST Dell Inc. (NASDAQ:DELL) delivered fourth quarter fiscal 2011 earnings per share (EPS) of 53 cents, handily beating the Zacks Consensus Estimate of 37 cents. |
Get Your Free Digital Copy Of The Elliott Wave Principle Posted: 16 Feb 2011 08:22 AM PST I'm pleased to mention that Club EWI's newest promotion is a full, free digital copy of the classic Elliott Wave Principle book/text from A.J. Frost and Robert Prechter. I'm an affiliate of Club EWI and myself took advantage of this opportunity and it's the entire book … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Australian Dollar: The Downside Prevails Posted: 16 Feb 2011 08:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Canadian Dollar: The Downside Prevails Posted: 16 Feb 2011 08:21 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Three ETFs To Play Water Shortage Posted: 16 Feb 2011 08:20 AM PST Both macro and microeconomic forces suggest that the global water sector is destined to see exponential growth paving the path to opportunity for the PowerShares Water Resources (PHO), the PowerShares Global Water (PIO) and the Guggenheim S&P Global Water (CGW). |
Comcast Beats, Dividend Raised Posted: 16 Feb 2011 08:17 AM PST Comcast Corp. (NASDAQ:CMCSA) reported excellent fourth quarter 2010 financial results, which surpassed the Zacks Consensus Estimate. In a significant drive to raise its shareholders' wealth, the board of directors has raised the annualized dividend rate by 19% to 45 cents per share. |
Posted: 16 Feb 2011 08:17 AM PST PMI Group Inc. (NYSE:PMI) reported fourth-quarter net loss from continuing operations of $1.14 per share, much wider than the Zacks Consensus Estimate of a loss of 73 cents per share. |
Deere Outperforms Zacks Estimates Posted: 16 Feb 2011 08:17 AM PST Deere & Co. (NYSE:DE) delivered earnings of $1.20 per share in its first quarter ended January 31, 2011, striding ahead of the Zacks Consensus Estimate of $1.00 and more than double of 57 cents earned in the year-ago quarter. Net income was more than double from $243.2 million in first quarter of 2010. |
Capella Misses, Enrollment Sinks Posted: 16 Feb 2011 08:17 AM PST Capella Education Company (NASDAQ:CPLA), the provider of online education, recently delivered lower-than-expected fourth-quarter 2010 results as new enrollment declined. Quarterly earnings of $1.09 per share missed the Zacks Consensus Estimate of $1.11, but grew 23.9% from 88 cents posted in the prior-year quarter. The Zacks Consensus Estimate was stable prior to the earnings announcement. |
Profits Dip For Cincinnati Bell Posted: 16 Feb 2011 08:17 AM PST Cincinnati Bell (NYSE:CBB) reported fourth quarter 2010 adjusted earnings of 3 cents per share, missing the Zacks Consensus Estimate of 7 cents and well below 10 cents earned in the year-ago quarter. Higher depreciation, amortization and interest expense associated with the acquisition of CyrusOne in June 2010 led to the decline. |
CIT Lags Estimates, Profit Falls Posted: 16 Feb 2011 08:16 AM PST CIT Group Inc.'s (NYSE:CIT) fourth quarter 2010 earnings came in at 37 cents per share, lagging the Zacks Consensus Estimate of 42 cents. This also compares unfavorably with the prior quarter's revised earnings of 58 cents. |
Crude Rises On Risk Appetite, API Figures Posted: 16 Feb 2011 03:00 AM PST 02/16/11 Prior to the release of the EIA’s inventory data, front month crude prices were on the upside on a stronger euro and strong API … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – Dollar Mixed Vs. Rivals Fed Policy Meeting Minutes Eyed Posted: 16 Feb 2011 07:57 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, ahead of the release of the minutes of the Federal Reserves most recent policy setting meeting. During European late afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.18% to hit 1.351. But the greenback was up against the pound, with GBP/USD shedding 0.51% to hit 1.6041. Earlier Wednesday, the Bank of England raised its forecasts for inflation for 2011 but said economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – EUR/USD Erases Losses Ahead Of Fed FOMC Minutes Posted: 16 Feb 2011 07:51 AM PST Forex Pros – The euro erased modest losses against the U.S. dollar on Wednesday, ahead of the release of the minutes of the Federal Reserves most recent monetary policy committee meeting. EUR/USD clawed back up from 1.3463, the daily low, to hit 1.3511 during European late afternoon trade, gaining 0.17%. The pair was likely to find short-term support at 1.3427, Monday's low and a three-week low and resistance at 1.3734, last Thursday's high. The euro's earlier losses came after U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Stock Market Summary For Wednesday, February 16, 2011 Special Alert Posted: 16 Feb 2011 07:51 AM PST We are going to add to our watch list additional positions in the ProShares Short S&P Fund (symbol: SH) at the current price of $41.10, the ProShares Short QQQ Fund (symbol: PSQ) at the current price of $31.91, and the Short Russell 2000 Fund (symbol: RWM) at the current price of $30.20. We have now added positions to our watch list in each of these ETFs four times now. We will update the average cost in our blog post later … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
OfficeMax Impresses With Strong Earnings Posted: 16 Feb 2011 02:45 AM PST 02/16/11 OfficeMax reported an improvement in its quarterly profits this … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex – GBP/USD Trims Losses Ahead Of Fed Meeting Minutes Posted: 16 Feb 2011 07:42 AM PST Forex Pros – The pound trimmed losses against the U.S. dollar on Wednesday, ahead of the publication of the minutes of the Federal Reserves most recent policy setting meeting. GBP/USD clawed back up from 1.5987, the pair's lowest since Monday; to hit 1.6037 during European late afternoon trade, shedding 0.53%. Cable was likely to find support at 1.601, Friday's low and resistance at 1.623, the high of February 2. The pound's earlier losses came after the BOE raised its forecasts for … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: EURUSD Tests Resistance. Will It Hold? Posted: 16 Feb 2011 07:40 AM PST The EURUSD has moved back higher after failing to break through the low from yesterday. THe price is now up testing the underside of the trendline that was broken in early NY trading at 1.3505 level. If the level holds and finds sellers, it keeps the door open for another test and break of the days low (and yesterdays low at the 1.3459 level). If the price moves above the level, the 100 hour MA (blue line in the chart above) at the 1.3528 level is the next target. 1.3539 is the 100 day MA and … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Forex Trading: USDCAD Contained In A Narrow Range, But Does It Provide An Opportunity? Posted: 16 Feb 2011 07:33 AM PST A reader of the commentary emailed me with the following comment |
Opening Bell Market Monitor: BGP, DE, DELL, GENZ, SNY Posted: 16 Feb 2011 07:29 AM PST 02/16/11 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 |
Key Level To Watch On Weekly And Daily Emerging Markets EEM Posted: 16 Feb 2011 07:19 AM PST The popular Emerging Markets ETF – symbol EEM – is currently sitting on key weekly and daily support, or more specifically, a key turning point in structure, so let's take a look at this level and the immediate targets to watch depending on what happens here at this key point. Keeping it simple, the rising 20 week EMA is situated at $45.60, which is the "last" price we see on the chart above. That means price is … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Silver Loses Momentum After Double Top; 29.60 Is Key Support Posted: 16 Feb 2011 07:18 AM PST Gold and Silver Update 2/11 – Stalking Bearish Attempts - Silver is sliding sharply today in the US session after forming a double top. The decline from that has already materialized, and the bullish momentum has been technically violated. The RSI plunged below 40, reflecting a loss of the bullish momentum. A break below 30 suggests bearish momentum. |
Posted: 16 Feb 2011 06:31 AM PST The morning news notes as prepared by TL…Citigroup on global economy, JPMorgan on emerging markets, China’s appetite for US Treasuries on the wane, capital spending increasing, demand for gold in China, Middle East unrest, will the government shut down?, municipal bonds, farm prices surge, and Fed’s Fisher on unwinding current easy monetary policy. “Morning News Notes: February 16, 2011″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Atlantic Coal Digs Deep To Fund Expansion Plans Posted: 16 Feb 2011 03:07 AM PST When the BlackRock UK Smaller Companies Fund started selling off its stake in AIM listed Atlantic Coal (LON:ATC) last summer, the company's managing director Stephen Best was quick to respond. A meeting between the two sides led to a u-turn by the fund manager, which went on to double its stake in the US focused coal miner. For Best, the renewed vote of confidence was the prelude to a £12m fundraising that looks set to fund a shopping list far beyond the equipment he needs to expand the … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Norseman Gold Raises New Cash And Sets Sights On Production Targets Posted: 16 Feb 2011 02:33 AM PST Norseman Gold (LON:NGL) , the AIM-listed and ASX-listed Australian gold producer, has raised £10m in a private share placing priced at 45p per share. Funds from the deal have been earmarked to bring its North Royal open pit into production – the company's fourth mine at its Norseman Gold project in the Eastern Goldfields of Western Australia. The fundraising follows an £11.25m share placing last October, which was also priced at 45p, to pay for work at North Royal. Norseman has been … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
Two New Contracts Push Hydro International Shares Higher Posted: 16 Feb 2011 01:37 AM PST Hydro International (LON:HYD) , the AIM listed engineering group whose products are used in the control and treatment of water, has been awarded two major contracts worth around £5m. The deals include one in the UK with Tamesis and one in the US with Peyronnin Construction Company. They follow a £15.6m contract announced last November with GBM, the joint venture between Galliford Try, Biwater Treatment and Mott MacDonald. News of the contracts pushed the Hydro International share price up by … [visit site to read more] or compare Best Credit Cards and Best CD Rates |
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