DailyMarkets.com - BHP Billiton In Expansion Mode
DailyMarkets.com - BHP Billiton In Expansion Mode |
- BHP Billiton In Expansion Mode
- Ryder Opens New Center In CA
- Ryder Opens New Center In CA
- NVO’s Levemir Efficient In Children
- Forex – EUR/USD Up In Asian Trade
- Japan’s Industrial Production Rises Unexpectedly
- Onyx Modifies Carfilzomib EU Trial
- Neutral Reiterated For TOTAL
- CACI’s Consecutive Multiple-award
- Home Depot Creates Value
- Goodyear Offers Preferred Stock
- Alliant Awarded $65.8M Army Contract
- Forex – USD/JPY Down During Asian Trade
- Edwards To Present PARTNER Data
- Initiating Interleukin Genetics At Outperform
- Earnings Preview: CarMax Inc.
- ETP To Tap Equity Market
- Moody’s Ups Debt Ratings On Itron
- BofA Hiring Small Business Bankers
- Theravance Remains Neutral
- GE To Buy France’s Converteam In $3.2 Billion Deal
- CIT Renews Financing Facility
- Health Care Closes Benchmark Deal
- Catalyst-Walgreen Get Approval
- FDA Nod For Medtronic’s Protecta
- Forex – NZD/USD Down In Asian Trade
- Stocks With Bullish Technical Setups
- The Day Ahead: ADP Employment Report, EIA Oil Inventories, Earnings – Family Dollar, Mosaic
- Hot Option Plays: Market Shakes Off Disappointing Data
- Hot Option Plays: Bulls On The Loose
- Cephalon In Acquisition Mode
- EBay Grabs GSI, Challenges Amazon
- H-P Wins FEMSA Deal
- Hartford Remains Neutral
- DELL On Debt Mission
- Lockheed Wins Coast Guard Contract
- U.S. Rig Count Surges
- Closing Bell Market Monitor: HD, AKS, PVH, BP
- Schlumberger Sees Tough Q1
- Schlumberger Sees Tough Q1
- Quest Makes Offer For Celera
- Accenture Seals Multi-year Deal
- Archer Daniels Plans Expansion
- Social Security And Life Expectancy
- More Than A Little Doubt
- Schlumberger Sees Tough Q1
- Visa Inflates Escrow Account
- Marriott Trims RevPAR Outlook
- Whole Foods Keeps Outperform Rating
- Forex – EUR/USD Up At The End Of U.S. Session
- Schlumberger Sees Tough Q1
- Agnico-Eagle Lowers Forecast
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Analyst Interviews: Telecom Industry Outlook
- Safeway Stays Neutral
- Digital River To Detect Fraud
- Harris Wins Contract
- Raytheon Wins $2.5B Contract
- Schlumberger Fears A Dull Q1
- New Mpls. Federal Reserve Bank Study Shows Significant Earnings Mobilty Between 2001-2007
- Forex – EUR/USD Up Toward The End Of U.S. Session
- Rare Earth Stocks Breaking Out
- U.S. Markets Close Higher; Dow Jones Up 0.67%
- BUD Buys Goose Island
- MetLife Seals Taiwan Deal
- Airgas Signs 5-Year Contract
- Expedia Plans JV With AirAsia
- Wal-Mart Eyes Indian Expansion
- AstraZeneca Boosts Earnings View
- Forex – GBP/USD Up During The U.S. Session
- Initiating Coverage Of Interleukin Genetics At Outperform
- Northrop Wins $2.5B Contract
- ADTRAN Downgraded To Neutral
- SunPower Gets U.S. Project
- Management Changes At ANADIGICS
- MetLife Seals Taiwan Deal
- Forex – USD/CAD Down In U.S. Trade
- Initiating Coverage Of Interleukin Genetics At Outperform
- Initiating Coverage Of Interleukin Genetics At Outperform
- Microchip Technology Is Neutral
- Honda Recalls Odysseys Again
- PKX Bids For Korea Express
- Forex – EUR/USD Down In U.S. Trading Hours
- Starbucks Goes For ‘Health & Wellness’
- Pipeline Setback For XenoPort
- Initiating Coverage Of Interleukin Genetics At Outperform
- Positive Data On Risperdal Consta
- Neutral On U.S. Steel
- Lennar Improves On Rialto
- Forex – AUD/USD Up In U.S. Trade
- NVIDIA’s New Gaming Card
- Earnings Preview: Family Dollar
- Nokia Siemens Wins Contract
- CreXus Shrugs Off Starwood Offer
- CEO Spotlight: Bruno Del Ama, CEO Of Global X Funds
- CEO Spotlight: Bruno Del Ama, CEO Of Global X Funds
- Forex Trading: AUDUSD Has Another Leg Higher As Trend Continues
- Risk Aversion Rises On Weak US Data
- Forex – NZD/USD Up During The U.S. Session
- Sina Drops Google Search
- Dr Pepper Launches New Flavor
- Noble Inks Deal With Sembcorp
- Sprint Questions AT&T/T-Mobile Deal
- Short Straddle With A Side Of Stock On Display At Liberty Media
- “A Lot Of Window Dressing Going On”
- Forex – GBP/USD Down In U.S. Trade
- European Markets Mixed At Close; Dax Down 0.06%
- Morocco Central Bank Holds Rate At 3.25%
- For EUR/USD Weak US Consumer Confidence Countered By Portugal Downgrades
- Turning The Tanker
- David Lawther Prepares To Build More Value At Interior Services Group
| BHP Billiton In Expansion Mode Posted: 29 Mar 2011 06:05 PM PDT BHP Billiton Limited (NYSE:BHP) recently announced that it will invest approximately $400 million to expand Hunter Valley Energy Coal in New South Wales, Australia.
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| Posted: 29 Mar 2011 05:35 PM PDT Ryder System Inc. (NYSE:R) announced that it has opened a new used vehicle sales center in Montebello, California.
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| Posted: 29 Mar 2011 05:35 PM PDT Ryder System Inc. (NYSE:R) announced that it has opened a new used vehicle sales center in Montebello, California.
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| NVO’s Levemir Efficient In Children Posted: 29 Mar 2011 05:05 PM PDT Clinical data published recently in Pediatric Diabetes showed that Novo Nordisk's (NYSE:NVO) lead basal insulin analogue, Levemir, is as effective as human basal insulin in the treatment of type I diabetes in pediatric patients aged two to five years. Levemir was also associated with less hypoglycemic risk.
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| Forex – EUR/USD Up In Asian Trade Posted: 29 Mar 2011 05:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4124, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday’s low, and resistance at 1.4193, Friday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8816 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Japan’s Industrial Production Rises Unexpectedly Posted: 29 Mar 2011 05:00 PM PDT Forex Pros – Industrial production in Japan rose unexpectedly last month, preliminary data showed on Tuesday.<br/><br/>In a report, the Ministry of Economy, Trade and Industry said that industrial production rose to a seasonally adjusted 0.40%, from 1.30% in the preceding month.<br/><br/>Analysts had expected industrial production to fall -0.10% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Onyx Modifies Carfilzomib EU Trial Posted: 29 Mar 2011 04:45 PM PDT Onyx Pharmaceuticals Inc. (NASDAQ:ONXX) recently said that it plans to expand its phase III (FOCUS) trial, which is being conducted to support the European filing of carfilzomib as a treatment for relapsed and refractory myeloma. The company is conducting the FOCUS trial to evaluate the efficacy and tolerability of carfilzomib in patients with relapsed and refractory myeloma.
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| Posted: 29 Mar 2011 04:45 PM PDT We continue to like TOTAL S.A. (NYSE:TOT) for its positive production growth profile, attractive returns and strong balance sheet.
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| CACI’s Consecutive Multiple-award Posted: 29 Mar 2011 04:35 PM PDT CACI International Inc. (CACI) recently received a multiple-award contract from the U.S. Department of Justice (DOJ) for a ceiling value of $1.1 billion.
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| Posted: 29 Mar 2011 04:35 PM PDT The Home Depot Inc. (NYSE:HD) announced that is has accelerated a buyback of $1.0 billion shares with Barclays Capital by issuing a $2.0 billion senior note. The remaining $1.0 billion will be used to refinance a senior note maturing in March 2011.
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| Goodyear Offers Preferred Stock Posted: 29 Mar 2011 04:35 PM PDT Goodyear Tire & Rubber Co. (NYSE:GT) plans to make a public offering of $435 million of mandatory convertible preferred stock for the first time in history. The offering consists of 8.7 million shares at an average price of $50. The estimated proceeds of $421 million will be used to redeem $350 million of outstanding 10.5% senior notes due May 15, 2016 and for general corporate purposes.
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| Alliant Awarded $65.8M Army Contract Posted: 29 Mar 2011 04:35 PM PDT Defense and aerospace supplier Alliant Techsystems Inc. (NYSE:ATK) has been awarded an engineering and manufacturing contract to develop a precision grenade launcher called the XM25 Individual Semi-Automatic Airburst System.
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| Forex – USD/JPY Down During Asian Trade Posted: 29 Mar 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 82.42, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 80.77, Thursday’s low, and resistance at 82.49, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.001% to hit 1.4114 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Edwards To Present PARTNER Data Posted: 29 Mar 2011 04:05 PM PDT Edwards Lifesciences (NYSE:EW), will present data from the Cohort A of the PARTNER trial at the American College of Cardiology annual conference in New Orleans in early April.
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| Initiating Interleukin Genetics At Outperform Posted: 29 Mar 2011 03:55 PM PDT We have initiated coverage of Interleukin Genetics (ILIU) with an Outperform rating and $1.60 price target. See below for a free copy of our 18-page report on the company. BUSINESS Interleukin Genetics, Inc. (ILIU) develops genetic tests focused on personal health. Through applied genetics research and scientific collaborations the company has made significant progress in understanding how genetic make-up can affect an individual's predisposition and risk of suffering … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 03:55 PM PDT CarMax Inc. (NYSE:KMX) announced that it would release its results for the fourth quarter and fiscal year 2011 before the market opens on March 31, 2011. The nation's largest retailer of used cars earned a profit of 36 cents per share, thus exceeding the Zacks Consensus Estimate of 34 cents.
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| Posted: 29 Mar 2011 03:55 PM PDT Energy Transfer Partners L.P. (ETP) has commenced an underwritten public offering of 11,750,000 common units representing limited partner interests.
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| Moody’s Ups Debt Ratings On Itron Posted: 29 Mar 2011 03:55 PM PDT Moody's Investor Services raised various debt ratings and its outlook for Itron Inc. (NASDAQ:ITRI), an electric grid technology provider, on the basis of its strong operating results last year and credit profile.
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| BofA Hiring Small Business Bankers Posted: 29 Mar 2011 03:55 PM PDT Bank of America Corporation (NYSE:BAC) recently stated that the company has hired 110 small business bankers in the Greater Los Angeles area. This is a part of the company's previously announced plan to hire more than 1,000 small business bankers across the country this year.
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| Posted: 29 Mar 2011 03:55 PM PDT We are maintaining our Neutral recommendation on Theravance, Inc. (NASDAQ:THRX) with a target price of $25.00 after the company’s fourth quarter and fiscal year 2010 financial results.
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| GE To Buy France’s Converteam In $3.2 Billion Deal Posted: 29 Mar 2011 03:55 PM PDT 03/29/11 General Electric will acquire power conversion company Converteam for $3.2 billion. This will add to GE’s portfolio of renewable energy … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 03:35 PM PDT On Monday, CIT Group Inc. (NYSE:CIT) announced the renewal of its $1 billion vendor credit facility. The new U.S. Vendor Finance conduit facility includes significantly lower costs, higher advance rate and increased maturity term. Barclays Bank PLC, a wing of Barclays Plc (NYSE:BCS), continues to serve as the Administrative Agent.
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| Health Care Closes Benchmark Deal Posted: 29 Mar 2011 03:35 PM PDT Health Care REIT Inc. (NYSE:HCN), a health care real estate investment trust has recently completed its $890.0 million partnership deal with Benchmark Senior Living. The deal includes 34 high quality senior housing communities with an $890.0 million investment balance.
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| Catalyst-Walgreen Get Approval Posted: 29 Mar 2011 03:35 PM PDT In connection with Catalyst's proposed acquisition of Walgreens Health Initiatives, Inc., Catalyst Health Solutions, Inc. (CHSI) and Walgreen Co. (NYSE:WAG) have been granted early termination of the waiting period by the Federal Trade Commission (FTC).
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| FDA Nod For Medtronic’s Protecta Posted: 29 Mar 2011 03:35 PM PDT Medtronic (NYSE:MDT) received approval from the US Food and Drug Administration (FDA) for its Protecta portfolio of implantable cardioverter-defibrillators (ICDs) and cardiac resynchronization therapy-defibrillators (CRT-Ds).
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| Forex – NZD/USD Down In Asian Trade Posted: 29 Mar 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7562, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 0.7436, Thursday’s low, and resistance at 0.7582, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.03% to hit 1.3601 and EUR/NZD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stocks With Bullish Technical Setups Posted: 29 Mar 2011 03:26 PM PDT ( click to enlarge ) Lululemon Athletica inc. (NASDAQ:LULU) hit a new 52-week high today, trading as high as $89.25, before settling at a close of $89.17. I’ll be watching the stock on Wednesday, looking for a follow through move. As long as the stock stay above $84.31, the bullish scenario still intact. Technical chart shows very strong bullish sign. First of all the stock is trading above both 50-day and 200-day moving average with both moving average pointing upwards. Then the MACD … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Day Ahead: ADP Employment Report, EIA Oil Inventories, Earnings – Family Dollar, Mosaic Posted: 29 Mar 2011 10:20 AM PDT 03/29/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: Market Shakes Off Disappointing Data Posted: 29 Mar 2011 03:18 PM PDT Cusick's Corner
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| Hot Option Plays: Bulls On The Loose Posted: 29 Mar 2011 03:18 PM PDT Cusick's Corner
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| Posted: 29 Mar 2011 03:10 PM PDT Cephalon, Inc. (NASDAQ:CEPH) recently announced its intention to acquire Australian biopharma company ChemGenex Pharmaceuticals Limited. Cephalon extended an offer to acquire ChemGenex for approximately A$225 million (US$231 million).
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| EBay Grabs GSI, Challenges Amazon Posted: 29 Mar 2011 03:05 PM PDT eBay Inc (NASDAQ:EBAY) has announced its second largest acquisition ever (the largest was Skype for $2.6 billion, which eBay subsequently sold off). The target, GSI Commerce Inc. (NASDAQ:GSIC) is a provider of behind-the-scenes ecommerce services.
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| Posted: 29 Mar 2011 03:05 PM PDT Hewlett-Packard Company (NYSE:HPQ) secured a five year technology outsourcing contract from the largest soft drink manufacturing company Coca-Cola FEMSA (NYSE:KOF), the Coke bottler in Mexico.
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| Posted: 29 Mar 2011 03:05 PM PDT Fourth-quarter earnings for Hartford Financial Services Group (HIG) lagged the Zacks Consensus Estimate by 5 cents due to plummeting profits in both the commercial and consumer sides of the property and casualty (P&C) insurance business.
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| Posted: 29 Mar 2011 03:05 PM PDT Dell Inc. (NASDAQ:DELL) recently entered into an agreement with BNP Paribas, Deutsche Bank AG (NYSE:DB), UBS AG (NYSE:UBS) and Wells Fargo Securities (NYSE:WFC), for issuance of bonds worth $1.5 billion, in four parts. The bankers will act as administrative agents for the purpose.
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| Lockheed Wins Coast Guard Contract Posted: 29 Mar 2011 03:05 PM PDT Defense contractor Lockheed Martin Corporation (NYSE:LMT) received a contract from the U.S. Coast Guard to provide technical and training support at 12 Coast Guard training sites.
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| Posted: 29 Mar 2011 02:35 PM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (NYSE:BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting an increase in the tally of land rigs.
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| Closing Bell Market Monitor: HD, AKS, PVH, BP Posted: 29 Mar 2011 02:30 PM PDT 03/29/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 02:25 PM PDT Schlumberger Limited (NYSE:SLB) said that the political unrest in the Middle East and Africa, along with severe weather-related hindrances in Australia, will likely hurt its first quarter earnings of 2011.
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| Posted: 29 Mar 2011 02:25 PM PDT Schlumberger Limited (NYSE:SLB) said that the political unrest in the Middle East and Africa, along with severe weather-related hindrances in Australia, will likely hurt its first quarter earnings of 2011.
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| Posted: 29 Mar 2011 02:25 PM PDT Leading diagnostics player Quest Diagnostics (NYSE:DGX) has initiated the tender offer for all the outstanding shares of Celera Corporation (NASDAQ:CRA) for $8 per share in cash. The tender offer will expire on April 25, 2011.
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| Accenture Seals Multi-year Deal Posted: 29 Mar 2011 02:25 PM PDT Yesterday, Accenture plc (NYSE:ACN) won a 5-year consulting and outsourcing services contract from CEVA Logistics.
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| Archer Daniels Plans Expansion Posted: 29 Mar 2011 02:25 PM PDT In an effort to house farmers' higher production as well as remain focused on the growth strategy, Archer Daniels Midland Company (NYSE:ADM) plans to expand three grain facilities in northeast Missouri and western Illinois.
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| Social Security And Life Expectancy Posted: 29 Mar 2011 02:25 PM PDT One of the key reasons cited for possibly raising the retirement age for Social Security is that life expectancy has gotten much longer than when the Program started back in 1936. While that is true, a longer life expectancy at birth does not mean the same thing as more years of retirement. As the graph below shows (from this source), life expectancy at birth (bottom line), increased significantly over the course of the 20th century. For men it rose from just over 50 years to more than 80. For … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 02:16 PM PDT For those who believe, as I do, that the U.S. economy is in far worse shape than Washington and Wall Street have let on, here are five recent reports that cast more than a little doubt on the official story of how things are going.
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| Posted: 29 Mar 2011 02:05 PM PDT Schlumberger Limited (NYSE:SLB) said that the political unrest in the Middle East and Africa, along with severe weather-related hindrances in Australia, will likely hurt its first quarter earnings of 2011.
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| Posted: 29 Mar 2011 02:05 PM PDT On Monday, Visa Inc. (NYSE:V) announced that it will deposit about $400 million to its escrow account in order to fund its litigation costs. This action is considered equivalent to a repurchase of shares of the company. Meanwhile, the company used the funds allocated for the share repurchase program announced in October 2010 to raise the deposit money.
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| Posted: 29 Mar 2011 02:05 PM PDT Marriott International Inc. (NYSE:MAR) reduced its worldwide systemwide revenue per available room (RevPAR) guidance for the first quarter of 2011 based on lower-than-expected demand from North America. Management at present expects system-wide RevPAR to increase approximately 7% at the low end of the company’s previous guidance range of 7 to 9%.
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| Whole Foods Keeps Outperform Rating Posted: 29 Mar 2011 02:05 PM PDT 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.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 29 Mar 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4110, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday’s low, and resistance at 1.4220, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8814 and EUR/JPY rising 1.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 01:40 PM PDT Schlumberger Limited (NYSE:SLB) said that the political unrest in the Middle East and Africa, along with severe weather-related hindrances in Australia, will likely hurt its first quarter earnings of 2011.
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| Posted: 29 Mar 2011 01:40 PM PDT Agnico-Eagle Mines Ltd. (NYSE:AEM) expects to produce less gold this year than previously predicted after a fire at its Meadowbank mine destroyed the kitchen and crippled the mine’s staffing levels.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 29 Mar 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 82.47, up 0.95% at time of writing.<br/><br/> The pair was likely to find support at 80.77, Thursday’s low, and resistance at 82.48, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.15% to hit 1.4107 and GBP/USD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Analyst Interviews: Telecom Industry Outlook Posted: 29 Mar 2011 01:36 PM PDT The world economy is currently going through a recovery phase. The momentum is expected to remain strong in 2011. The Telecommunications Industry is identified as a major driver of the global economic recovery. Capital spending constraints among telecom operators due to severe recessionary conditions were the main hindrance to the growth of this industry. However, with the economic recovery in full swing, large telecom service providers are gradually expanding their network coverage on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 01:35 PM PDT We reiterate our Neutral recommendation on Safeway Inc. (NYSE:SWY) following our assessment of its fourth quarter results. Earnings for both fourth quarter and fiscal 2010 beat the Zacks Consensus Estimates. Revenues of $12.8 billion for the quarter marginally exceeded both the Zacks Consensus Estimate and the year-ago sales.
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| Posted: 29 Mar 2011 01:35 PM PDT E-commerce solutions provider Digital River, Inc. (NASDAQ:DRIV) recently announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,881,972 entitled, Electronic Commerce System and Method for Detecting Fraud.
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| Posted: 29 Mar 2011 01:35 PM PDT Harris Corp. (NYSE:HRS) recently won a deal worth $11.7 million from the U.S. Department of Defense.
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| Posted: 29 Mar 2011 01:35 PM PDT Raytheon Technical Services Company LLC, a subsidiary of Raytheon Company (NYSE:RTN) won the U.S. Army Operations, Planning, Training and Resource Support Services (OPTARSS) II contract. This five-year indefinite-delivery, indefinite-quantity, multiple-award task order contract has a ceiling value of $2.5 billion.
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| Posted: 29 Mar 2011 01:35 PM PDT Schlumberger Limited (NYSE:SLB) said that the political unrest in the Middle East and Africa, along with severe weather-related hindrances in Australia, will likely hurt its first quarter earnings of 2011.
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| New Mpls. Federal Reserve Bank Study Shows Significant Earnings Mobilty Between 2001-2007 Posted: 29 Mar 2011 01:26 PM PDT The chart above (click to enlarge) is based on data from the Panel Study of Income Dynamics that follows the same households over time, and was reported in a recent study by economists at the Minneapolis Federal Reserve Bank titled “Facts on the Distributions of Earnings, Income, and Wealth in the United States: 2007 Update.” The results in the chart above on earnings mobility are from Tables 28 and 29 in the Minneapolis Fed study and answer the question: For U.S. households that were in a … [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: 29 Mar 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4107, up 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday’s low, and resistance at 1.4220, Thursday’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8813 and EUR/JPY rising 1.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rare Earth Stocks Breaking Out Posted: 29 Mar 2011 01:17 PM PDT (This is an excerpt of what was sent to premium readers over the past several days.)
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| U.S. Markets Close Higher; Dow Jones Up 0.67% Posted: 29 Mar 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.67%, the S&P 500 index gained 0.71%, while the Nasdaq 100 index climbed 0.97%.<br/><br/> Meanwhile, across the Atlantic, European stock markets were mixed at close. France’s CAC 40 was up 0.27%; Germany’s DAX shed 0.06%; Britain’s FTSE 100 climbed 0.47%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 12:55 PM PDT Anheuser-Busch InBev (NYSE:BUD) U.S. unit has announced that it will acquire craft brewer Fulton Street Brewery LLC, the Chicago-based maker of Goose Island brews such as Honkers Ale, for a total $38.8 million.
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| Posted: 29 Mar 2011 12:55 PM PDT The Wall Street Journal has reported that MetLife Inc. (NYSE:MET) has finally been able to vend its Taiwan life insurance unit to Chinatrust Financial Holdings Co. for about $180 million. This is the second desperate attempt of the company to move out of Taiwan given the limited scope for growth in the region.
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| Posted: 29 Mar 2011 12:55 PM PDT Airgas Inc. (NYSE:ARG) has signed a five-year supply agreement with Milwaukee, Wisconsin-based Johnson Controls Inc. (NYSE:JCI). Under the agreement, Airgas will supply Johnson Controls with refrigerant gas, bulk and packaged industrial gas, welding hardgoods and related products, and personal protection equipment.
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| Posted: 29 Mar 2011 12:55 PM PDT Expedia Inc. (NASDAQ:EXPE) and AirAsia, a leading Malaysian budget carrier, are in talks to form a joint venture (JV) to offer a complete range of flight, hotel accommodation and holiday packages throughout the Asia-Pacific region.
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| Wal-Mart Eyes Indian Expansion Posted: 29 Mar 2011 12:55 PM PDT Wal-Mart Stores Inc. (NYSE:WMT), the world’s biggest retailer, may form an alliance with India's biggest retailer Future Group. The company hopes to pick a stake in the back-end operations of Future Group's Big Bazaar. WMT also has an eye on expansion in the front-end business when regulation in India becomes flexible enough to permit foreign players to enter into front-end retail.
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| AstraZeneca Boosts Earnings View Posted: 29 Mar 2011 12:55 PM PDT AstraZeneca (NYSE:AZN) recently raised its core earnings guidance following the settlement of certain matters with the UK and US tax authorities. Based on its settlement agreements with the tax authorities, the company expects a lower tax rate.
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| Forex – GBP/USD Up During The U.S. Session Posted: 29 Mar 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.5994, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Monday’s low, and resistance at 1.6267, Thursday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8814 and GBP/JPY rising 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Initiating Coverage Of Interleukin Genetics At Outperform Posted: 29 Mar 2011 12:35 PM PDT Brian Marckx, CFA BUSINESS Interleukin Genetics, Inc. (ILIU) develops genetic tests focused on personal health. Through applied genetics research and scientific collaborations the company has made significant progress in understanding how genetic make-up can affect an individual's predisposition and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 12:35 PM PDT Defense contractor Northrop Grumman Corporation (NYSE:NOC) said that its Technical Services division has received an Army contract worth up to $2.5 billion.
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| Posted: 29 Mar 2011 12:35 PM PDT We are downgrading our recommendation on ADTRAN Inc. (NASDAQ:ADTN), a global provider of networking and communications equipment, to Neutral from Outperform on valuation concerns. We are at present forced to remain on the sidelines as ADTRAN shares reached our target price of $44.00 and then dipped below that level.
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| Posted: 29 Mar 2011 12:35 PM PDT SunPower Corporation (SPWRA) was awarded a contract to provide 11 megawatts of solar power by UniSource Energy (NYSE:UNS). The solar power would be utilized for UniSource's subsidiary Tucson Electric Power in Arizona. TEP’s solar energy resources help the company comply with Arizona’s Renewable Energy Standard, which requires Arizona-based utilities to increase their use of renewable power to 15% of their energy by 2025.
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| Management Changes At ANADIGICS Posted: 29 Mar 2011 12:35 PM PDT ANADIGICS, Inc. (NASDAQ:ANAD) recently announced that the President and Chief Executive Officer (CEO) Mario Rivas and Senior Vice President (SVP) Greg White have resigned from their respective positions. Ron Michels, who was the SVP, Chief Technology and Strategy Officer, will succeed Mario and assume the responsibilities of the CEO.
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| Posted: 29 Mar 2011 12:35 PM PDT The Wall Street Journal has reported that MetLife Inc. (NYSE:MET) has finally been able to vend its Taiwan life insurance unit to Chinatrust Financial Holdings Co. for about $180 million. This is the second desperate attempt of the company to move out of Taiwan given the limited scope for growth in the region.
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| Forex – USD/CAD Down In U.S. Trade Posted: 29 Mar 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9754, down 0.27% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, Thursday’s low, and resistance at 0.9828, Friday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.01% to hit 1.4086 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Initiating Coverage Of Interleukin Genetics At Outperform Posted: 29 Mar 2011 12:05 PM PDT Zacks has removed this article. Thank you
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| Initiating Coverage Of Interleukin Genetics At Outperform Posted: 29 Mar 2011 12:05 PM PDT Brian Marckx, CFA BUSINESS Interleukin Genetics, Inc. (ILIU) develops genetic tests focused on personal health. Through applied genetics research and scientific collaborations the company has made significant progress in understanding how genetic make-up can affect an individual's predisposition and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Microchip Technology Is Neutral Posted: 29 Mar 2011 12:05 PM PDT We recently maintained our Neutral recommendation on chipmaker Microchip Technology Incorporated (NASDAQ:MCHP).
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| Posted: 29 Mar 2011 12:05 PM PDT Honda Motor Co. (NYSE:HMC) announced that it will recall 2,800 units of Odyssey minivans in order to repair their defective driver and front-passenger door windows. National Highway Traffic Safety Administration noticed that the minivans of 2011 model year have windows that may dislocate and shatter into the passenger cabin.
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| Posted: 29 Mar 2011 12:05 PM PDT Korean steel producer, POSCO (NYSE:PKX) recently submitted a preliminary bid to acquire a controlling share in South Korea’s top logistics company, Korea Express Co Ltd, according to sources.
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 29 Mar 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4084, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.4022, Monday’s low, and resistance at 1.4220, Thursday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8808 and EUR/JPY rising 0.88% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Starbucks Goes For ‘Health & Wellness’ Posted: 29 Mar 2011 11:35 AM PDT Starbucks Corp. (NASDAQ:SBUX) announced that it is coming up with a new 'health and wellness strategy.' Health and wellness offerings are targeted at high wage earners, who are more health conscious and can afford higher priced drinks as they have been less affected by the economic downturn.
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| Posted: 29 Mar 2011 11:35 AM PDT Recently, XenoPort, Inc. (NASDAQ:XNPT) faced a setback when its pipeline candidate arbaclofen placarbil fared disappointingly in a mid-stage study.
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| Initiating Coverage Of Interleukin Genetics At Outperform Posted: 29 Mar 2011 11:25 AM PDT We have initiated coverage of Interleukin Genetics (ILIU) with an Outperform rating and $1.60 price target. See below for a free copy of our 18-page report on the company. BUSINESS Interleukin Genetics, Inc. (ILIU) develops genetic tests focused on personal health. Through applied genetics research and scientific collaborations the company has made significant progress in understanding how genetic make-up can affect an individual's predisposition and risk of suffering … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Positive Data On Risperdal Consta Posted: 29 Mar 2011 11:25 AM PDT Recently, Johnson & Johnson (NYSE:JNJ) announced that the risk of hospitalization was lower in schizophrenia patients treated with its Risperdal Consta (risperidone) compared to those treated with other antipsychotics over a period of 12 months. The encouraging data on Risperdal Consta, which is marketed worldwide by Johnson & Johnson and manufactured by Alkermes, Inc. (NASDAQ:ALKS), were presented at the European Congress of Psychiatry in Vienna.
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| Posted: 29 Mar 2011 11:25 AM PDT We maintain our Neutral recommendation on U.S. Steel Corp. (NYSE:X), which signifies that the stock will perform mostly in line with the broader market. U.S. Steel's fourth-quarter results suffered due to weak price realization and below optimal utilization rates. However, U.S. Steel's operating results are beginning to reflect the benefits of the gradual economic recovery in North America and Europe.
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| Posted: 29 Mar 2011 11:25 AM PDT Lennar Corporation (NYSE:LEN) showed a profit of $27.4 million or 14 cents per share in the first quarter of fiscal 2011 compared with a loss of $6.5 million or 4 cents per share in the same quarter of prior fiscal year and the Zacks Consensus Estimate of a loss of 6 cents per share.
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| Forex – AUD/USD Up In U.S. Trade Posted: 29 Mar 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0285, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.0113, Thursday’s low, and resistance at 1.0314, Monday’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.40% to hit 1.3698 and AUD/JPY rising 1.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 11:05 AM PDT The world's largest gaming card manufacturer NVIDIA Corporation (NASDAQ:NVDA) recently announced NVIDIA PhysX technology. This was first incorporated by Funcom’s Dreamworld 2.5, a leading game engine for massively multiplayer online games (MMOGs).
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| Earnings Preview: Family Dollar Posted: 29 Mar 2011 11:05 AM PDT Family Dollar Stores Inc. (NYSE:FDO), the operator of the self-service retail discount store chain, is slated to report its second-quarter 2011 financial results before the bell on Wednesday, March 30, 2011. The current Zacks Consensus Estimate for the quarter is 98 cents a share. For the quarter to be reported, the Zacks Consensus Estimate for revenue is $2,263 million.
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| Posted: 29 Mar 2011 11:05 AM PDT Nokia Siemens, a joint venture between Nokia Corporation (NYSE:NOK) of Finland and Siemens (NYSE:SI) of Germany, recently entered into a contract with Italy-based telecom operator Telecom Italia (NYSE:TI) in an attempt to upgrade the company's operating network.
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| CreXus Shrugs Off Starwood Offer Posted: 29 Mar 2011 11:05 AM PDT Zacks has removed this article. Thank you
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| CEO Spotlight: Bruno Del Ama, CEO Of Global X Funds Posted: 29 Mar 2011 10:50 AM PDT 03/29/11 After ringing the NYSE opening bell, Bruno del Ama, CEO of Global X Funds, offers us an exclusive interview concerning the launch of new products, volatility in commodities, and a breakdown of the S&P/TSX Venture 30 Canada … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| CEO Spotlight: Bruno Del Ama, CEO Of Global X Funds Posted: 29 Mar 2011 10:50 AM PDT 03/29/11 After ringing the NYSE opening bell, Bruno del Ama, CEO of Global X Funds, offers us an exclusive interview concerning the launch of new products, volatility in commodities, and a breakdown of the S&P/TSX Venture 30 Canada … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: AUDUSD Has Another Leg Higher As Trend Continues Posted: 29 Mar 2011 10:47 AM PDT As per the prior post, the support for the AUDUSD against the 38.2% correction of the next leg to the upside. This came in at the 1.0253 area and the correction stalled at 1.0252. Holding support has led to yet another leg to the upside fro the pair – breaking above the high for the day in the process (at 1.0270).
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| Risk Aversion Rises On Weak US Data Posted: 29 Mar 2011 05:45 AM PDT 03/29/11 Risk aversion strengthened this afternoon in the forex markets following weak US economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The U.S. Session Posted: 29 Mar 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.7564, up 0.69% at time of writing.<br/><br/> The pair was likely to find support at 0.7436, Thursday’s low, and resistance at 0.7575, Friday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.39% to hit 1.3580 and EUR/NZD falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 29 Mar 2011 10:40 AM PDT A leading online media company and a provider of mobile value-added services in China, Sina Corp. (NASDAQ:SINA) announced that a contract which allowed it to use Google Inc.'s (NASDAQ:GOOG) search engine has expired. Currently, Sina uses its own proprietary technology instead of Google's service.
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| Posted: 29 Mar 2011 10:35 AM PDT Dr Pepper Snapple Group Inc. (NYSE:DPS) will launch the Snapple Papaya Mango Tea. The latest Snapple tea is a blend of green and black teas, as well as flavors of papaya and mango inspired by a region in India.
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| Posted: 29 Mar 2011 10:35 AM PDT A contract drilling service provider, Noble Corporation (NYSE:NE) has exercised options with a subsidiary of Sembcorp Marine Ltd, the world’s second largest rig builder, for the construction of two jackup rigs.
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| Sprint Questions AT&T/T-Mobile Deal Posted: 29 Mar 2011 10:35 AM PDT Sprint Nextel Corp. (NYSE:S), the third-largest U.S. wireless carrier in the industry, officially opposed the announced merger of AT&T Inc. (NYSE:T) and Deutsche Telekom's unit T-Mobile USA.
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| Short Straddle With A Side Of Stock On Display At Liberty Media Posted: 29 Mar 2011 10:35 AM PDT Short straddle with a side of stock on display at Liberty Media
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| “A Lot Of Window Dressing Going On” Posted: 29 Mar 2011 05:30 AM PDT 03/29/11 ICAP’s Kenneth Polcari weighs in on today’s gains in US stocks, and his outlook heading into … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Down In U.S. Trade Posted: 29 Mar 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.5985, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Monday’s low, and resistance at 1.6267, Thursday’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8809 and GBP/JPY rising 0.85% to hit … [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 0.06% Posted: 29 Mar 2011 09:55 AM PDT Forex Pros – European stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.06%, London’s FTSE 100 gained 0.47%, France’s CAC 40 climbed 0.27% and the EURO STOXX 50 was down 0.13%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.53%; the S&P 500 index gained 0.38%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Morocco Central Bank Holds Rate At 3.25% Posted: 29 Mar 2011 09:51 AM PDT The Bank al-Maghrib of Morocco held its main policy rate at 3.25% in the face of steady inflation. The Bank said in its statement that the “inflation forecast is consistent with the price stability objective and the balance of risks is slightly tilted to the upside”. The Bank commented that core inflation had been 1.7% in February, up slightly from 1.4% in January, meanwhile industrial producer prices rose to 14.2%in January from 8.1% in December, due to rising commodity prices. The Bank … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| For EUR/USD Weak US Consumer Confidence Countered By Portugal Downgrades Posted: 29 Mar 2011 09:23 AM PDT Fundamental data from the US today showed housing prices continuing to come under pressure and consumer moods falling, however, the EUR/USD did not take advantage by moving higher as Standard&Poor's downgraded the credit rating of Portugal and Greece.
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| Posted: 29 Mar 2011 09:00 AM PDT Most of the effect of St. Louis Fed Chief Bullard’s comments is showing up in demand for the dollar rather than across the yield curve. Many dollar bears are being shaken while the response in the credit markets appears a little more sanguine even as Mr. Bullard attempts to accelerate the debate on an earlier end to the Fed’s buying of bonds. Yields are little changed across the map as investors weigh up the warmer degree of risk demand and consider the side effects of rising prices.
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| David Lawther Prepares To Build More Value At Interior Services Group Posted: 29 Mar 2011 06:51 AM PDT When speed cycling hero Sir Chris Hoy takes to the track of London's recently completed Olympic velodrome next summer he'll be racing on a Siberian pine surface that promises to be the fastest in the world. While Sir Chris and his team mates will be feeling the pressure to perform, one man that can look on with rather less anxiety is David Lawther – whose company built the velodrome and handed it over on time and on budget. For the chief executive of AIM listed construction services … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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