Tuesday, March 29, 2011

DailyMarkets.com - BHP Billiton In Expansion Mode

DailyMarkets.com - BHP Billiton In Expansion Mode

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.
The investment is targeted at increasing thermal coal production by 4 million tonnes per annum (mtpa), to approximately 24 mtpa. The project will deliver its first production in the second half of 2013. The project will also generate approximately 300 new full time jobs along with temporary employment generated during construction.
BHP … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ryder Opens New Center In CA

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.
The facility spans approximately two acres of land and displays an array of over 90 vehicles, comprising panel vans, light- and heavy-duty straight trucks, and tractors. Each vehicle is Ryder Road Ready certified and comes with a 30-day warranty and complete vehicle maintenance history.
Ryder is a leading provider of integrated logistics and transportation solutions worldwide. It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Ryder Opens New Center In CA

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.
The facility spans approximately two acres of land and displays an array of over 90 vehicles, comprising panel vans, light- and heavy-duty straight trucks, and tractors. Each vehicle is Ryder Road Ready certified and comes with a 30-day warranty and complete vehicle maintenance history.
Ryder is a leading provider of integrated logistics and transportation solutions worldwide. It is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The data showed that Levemir in combination with a fast acting insulin analogue, NovoRapid (another drug of Novo Nordisk), led to a lower rate of all-day and nocturnal hypoglycaemia against … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.4193, Friday&rsquo;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

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

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.
Onyx Pharma plans to change the primary endpoint of the trial to overall survival from progression-free survival. The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral Reiterated For TOTAL

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.
However, we remain Neutral on TOTAL shares due to the present constrained commodity environment that will continue to weigh on its earnings, at least in the near term. Thus, we believe the stock will perform in line with its peers.
TOTAL's expertise spans the industry value chain from oil and gas E&P to the marketing, trading and shipping of gas midstream, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The company is among the 20 winners of the DOJ's Information Technology Support Services 4 (ITSS-4) contract. ITSS-4 has a seven-month base period with six option years. ITSS-4 is an indefinite delivery/indefinite quantity contract, allowing DOJ to fulfil its mission-critical objectives, with the help of CACI's information technology … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Home Depot Creates Value

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.
The company believes that the current interest rate environment is attractive and, therefore, wants to take advantage by raising additional debt capital for share repurchase purposes.
Home Depot has always been committed to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Goodyear has given its underwriters a 30-day option to buy up to an additional 1.3 million shares. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The contract, awarded by the U.S. Army's Program Executive Office (PEO), is worth $65.8 million.
The contract that extends over a span of 30 months entails continued development and testing of XM25's full-up systems to arrive at a design that meets performance requirements … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 82.49, today&rsquo;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

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.
The PARTNER trial is evaluating Edwards' Sapien transcatheter heart valve (THV) in both operable (Cohort A) and inoperable (Cohort B) patients with severe aortic stenosis.
Patients (699) under Cohort A have been randomized equally for either high risk surgery or the Sapien THV, while Cohort B patients (358) were randomized … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Earnings Preview: CarMax Inc.

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.
In the upcoming quarter, the Zacks Consensus Estimate for the company is pegged at a profit of 38 cents per share, reflecting an annualized growth of 47%. However, for full fiscal 2011, the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETP To Tap Equity Market

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.
The natural gas and propane gas master limited partnership (MLP) also intends to provide the underwriters with a 30-day option to purchase up to 1,762,500 additional common units to cover over-allotments, if any.
Energy Transfer plans to use the net proceeds from this offering to pay back the outstanding debt under its revolving credit facility, to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Itron's corporate family and probability for default ratings were elevated to “Ba2″ from “Ba3″ by Moody's. The ratings are the second and the third highest levels of non-investment grade debt, respectively.
The firm also upgraded its ratings on the company's senior secured bonds to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Additionally, BofA also commented that more 70 small business bankers will be hired in Southern California and 21 in the San Fernando Valley by the end of this year. Los Angeles, Dallas and the Baltimore-Washington, DC area … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Theravance Remains Neutral

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.
Theravance's fourth quarter 2010 loss per share of 25 cents was narrower than both the Zacks Consensus Estimate for a loss of 28 cents and the year-ago loss of 35 cents per share. The earnings improvement was driven by a better top-line performance and lower research and development costs.
Revenue at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

CIT Renews Financing Facility

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.
CIT also stated that the facility's revolving period would end in March 2013, while the final maturity in 2020. The facility will allow CIT Vendor Finance to provide … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The partnership extends Health Care's strategy of expanding its base in the senior housing industry, with best operators having a track record of profitability growth and good quality care. This deal has resulted in gross … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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).
Catalyst Health had agreed to acquire the pharmacy benefit management (PBM) business of Walgreen on March 9 for $525 million in cash. Additionally, Walgreen anticipated the deal to be EPS-neutral in fiscal 2012.
Furthermore, the acquisition is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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).
The new products are equipped with SmartShock technology. Findings reveal that 98% of patients will be free of inappropriate shocks after one year with the implant. Meanwhile, 92% of patients will be free of inappropriate shocks after five years with the implant. Medtronic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 0.7582, today&rsquo;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

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

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

Hot Option Plays: Market Shakes Off Disappointing Data

Posted: 29 Mar 2011 03:18 PM PDT

Cusick's Corner
While the data early in the session was disappointing, the market has shaken it off and the buyers did jump in on the pullback. Financials, XLF, are still mired in the red but Small Caps have taken off with Telecom and Tech. If we see that Financials do garner some momentum, the upside might get more attention. See you After Hours.
Stock market averages are holding gains despite disappointing consumer confidence data Tuesday. According to the Commerce Department, its index of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Bulls On The Loose

Posted: 29 Mar 2011 03:18 PM PDT

Cusick's Corner
Encouragement – that's what the market felt holding onto the gains of the Midday. This is also plays well into the bull spread strategies that I discussed a few Corners ago. Tomorrow's ADP data will be a potential catalyst for the bulls early in the session, plus if we see a bearish Crude Inventory number into the teeth of the Midday. There has been also more discussion of universal continuation of QE (Quantitative Easing), both internationally and domestically. If QE … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cephalon In Acquisition Mode

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).
Terms of the Deal
Per  the terms of the deal, Cephalon will pay A$0.70 cash for each ChemGenex Share with dividends and other rights. In addition to this, the company will pay A$0.02 cash for each listed ChemGenex option. The A$0.70 offer price represents a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
eBay has offered to pay $29.25 a share, or $2.4 billion for the company, a 51% premium to Friday's closing share price. The deal is not final, since the agreement provides for a 40-day period, during which GSI may solicit proposals from others.  
The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

H-P Wins FEMSA Deal

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.
The five-year agreement requires HP to provide necessary support to Coca-Cola FEMSA’s Latin American business. The tech major will take the responsibility of consolidating 348 locations to a single data center in Mexico and will also migrate some applications and server monitoring and management services … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hartford Remains Neutral

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.
However, Hartford provided better investment results, strong growth in assets under management and impressive book value during the fourth quarter.
We have thus reiterated our ‘Neutral’ rating on Hartford.
The Wealth Management segment posted an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DELL On Debt Mission

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.
The first part constitutes a 3-year non-callable senior unsecured note of $300.0 million, carrying a coupon rate of LIBOR (London Interbank Offered Rate) plus 60 basis points. The second part constitutes a 3-year senior unsecured … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
As per the contract Lockheed Martin will identify and hire suitable personnel in the field of aviation, operations and engineering. The company will also assist in developing curricula and advanced learning modules.
The company will also conduct performance analysis and help in improvement programs. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Rig Count Surges

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.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (NYSE:RIG), Diamond Offshore (NYSE:DO), Noble Corp. (NYSE:NE), Pride International (NYSE:PDE), Nabors Industries (NYSE:NBR), Patterson-UTI … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Schlumberger Sees Tough Q1

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.
The company stated that political instability in Egypt, Tunisia and Libya has hit the company's revenues hard. Disruptions in the Ivory Coast, Yemen, Bahrain, Oman and Algeria also had a minor impact on the company's earnings. Consequently, these factors will likely affect the first quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Schlumberger Sees Tough Q1

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.
The company stated that political instability in Egypt, Tunisia and Libya has hit the company's revenues hard. Disruptions in the Ivory Coast, Yemen, Bahrain, Oman and Algeria also had a minor impact on the company's earnings. Consequently, these factors will likely affect the first quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quest Makes Offer For Celera

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.
The tender offer is subject to certain conditions, including the tender of a majority of the outstanding shares, and the receipt of certain other regulatory approvals.  
Earlier this month, Quest decided to acquire Celera for $8 per share, representing a transaction value of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Netherlands-based CEVA Logistics provides freight management, contract logistics, distribution and transportation management solutions across the world.
Financial details were not disclosed.
As per the terms of the contract, Accenture will provide CEVA with its finance and accounting (F&A) business process outsourcing (BPO) and management consulting services. Under its F&A BPO … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Upon receiving approval, construction at these facilities will start this spring with completion scheduled in 2011 fall harvest.
The company's elevators in Novelty and Center, Missouri, will increase their storage capacity by three times. Also, a barge loading terminal in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

More Than A Little Doubt

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.
1. Inflation
“Food Inflation Kept Hidden in Tinier Bags” (New York Times)
Chips are disappearing from bags, candy from boxes and vegetables from cans.
As an expected increase in the cost of raw materials looms for late summer, consumers are beginning to encounter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Schlumberger Sees Tough Q1

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.
The company stated that political instability in Egypt, Tunisia and Libya has hit the company's revenues hard. Disruptions in the Ivory Coast, Yemen, Bahrain, Oman and Algeria also had a minor impact on the company's earnings. Consequently, these factors will likely affect the first quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Visa Inflates Escrow Account

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.
Accordingly, Visa will make the deposit under its previously implemented retrospective responsibility plan (RRP), the terms of which solely affect … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marriott Trims RevPAR Outlook

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%.
While the hotelier remains optimistic on the robust demand from the overseas market, it witnessed that the growth in RevPAR from North America remained … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Whole Foods has been spurring its revenues through new store openings, acquisitions and comparable-store sales growth. Given that the food retailing industry is highly fragmented, the company has been able to maintain a track record of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.4220, Thursday&rsquo;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

Schlumberger Sees Tough Q1

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.
The company stated that political instability in Egypt, Tunisia and Libya has hit the company's revenues hard. Disruptions in the Ivory Coast, Yemen, Bahrain, Oman and Algeria also had a minor impact on the company's earnings. Consequently, these factors will likely affect the first quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Agnico-Eagle Lowers Forecast

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.
For the first-quarter 2011, Agnico expects total gold production to be about 245,000 ounces.
For full-year 2011, total gold production is now anticipated to be 1.08–1.15 million ounces, down from the earlier estimate of 1.13–1.23 million ounces, a decrease of 5.5%. For the year, company-wide, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 82.48, today&rsquo;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

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

Safeway Stays Neutral

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.
We note that the environment for the retail industry is quite challenging. Consumer spending on durable products has been very weak. This is evident from the decline in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Digital River To Detect Fraud

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.
This fraud detection technology is specifically targeted at purchase order transactions processed by online stores. This fraud detection technology along with other technologies owned by Digital River is integral to its world-class fraud prevention solutions.
The fraud … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Harris Wins Contract

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.
As per the contract, Harris, a leading supplier of communications equipment and services, will deliver Falcon III® multiband handheld radio systems for Mine Resistant Ambush Protected (MRAP) vehicles, presently used in Afghanistan.
Harris will install Falcon III AN/VRC-110 vehicular radio systems in every MRAP vehicle. The AN/VRC-110 acts as an amplifier adapter, which comprises two … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Raytheon Wins $2.5B Contract

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.
Raytheon under the contract will provide the U.S. Army with services that address operational planning; training; modeling and simulation; flight operations; mobilization plans and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Schlumberger Fears A Dull Q1

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.
The company stated that political instability in Egypt, Tunisia and Libya has hit the company's revenues hard. Disruptions in the Ivory Coast, Yemen, Bahrain, Oman and Algeria also had a minor impact on the company's earnings. Consequently, these factors will likely affect the first quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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&rsquo;s low, and resistance at 1.4220, Thursday&rsquo;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

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.)
Not too long ago in our national history, mining for rare earths (Market Vectors Rare Earth/Strategic Metals (REMX)) was an American enterprise. As in so many other areas, such as nuclear power, automobiles and technolgoy, it was decided that the US would shut down  industries and farm the work out. The Chinese took the lead and became the world's supplier of over 97% of these crucial rare earth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s CAC 40 was up 0.27%; Germany&rsquo;s DAX shed 0.06%; Britain&rsquo;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

BUD Buys Goose Island

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.
The deal mentions that out of the $38.8 million, Anheuser-Busch will have to pay $22.5 million to Fulton Street Brewery and $16.3 million to Craft Brewers Alliance Inc. (NASDAQ:HOOK) a publicly traded brewer based in Portland, each having a 58% and 42% stake, respectively.
Goose Island's legal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MetLife Seals Taiwan Deal

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.
Previously, in April 2010, the company had almost sealed a deal with Waterland Financial Holdings Co., a tiny financial firm in Taiwan, who had agreed to purchase it for about $112 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Airgas Signs 5-Year Contract

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.
Johnson Controls is a supplier of automotive interiors, batteries and other control equipment. The company functions through three segments: Automotive Experience, Building Efficiency and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Expedia Plans JV With AirAsia

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.
The formation of a new company would be beneficial to both Expedia and AirAsia, since it would combine the local knowledge of AirAsia and Expedia's technology to provide an integrated travel experience.
The JV will have the exclusive right for online distribution of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Future Group is one of India's leading business houses with multiple businesses spanning across the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The agreement with the tax authorities relates to transfer pricing issues in connection with AstraZeneca's US business over a 13-year period (2002 – 2014). In addition to this, the company entered into an agreement with the US tax authorities regarding a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.6267, Thursday&rsquo;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

Initiating Coverage Of Interleukin Genetics At Outperform

Posted: 29 Mar 2011 12:35 PM PDT

Brian Marckx, CFA
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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Northrop Wins $2.5B Contract

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.
The indefinite delivery, indefinite quantity contract offered through the Army Contracting Command, entails providing operations, planning, training and resource support services (OPTARSS II) to the U.S. Army.
The U.S. has its warfighters deployed around the world, fighting against highly adaptive enemies. The OPTARSS II program is critical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ADTRAN Downgraded To Neutral

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.
We believe that competitive threats, stringent regulatory environment and customer concentration may limit the company's growth. ADTRAN derives the majority of revenues from its major … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SunPower Gets U.S. Project

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.
Over the next three years, TEP will use SunPower T5 Solar Roof Tile … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Tom Shields, the current EVP & CFO, will now assume the additional post of COO. John Van Saders, who was the VP Advanced Technology, will serve as SVP RF … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MetLife Seals Taiwan Deal

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.
Previously, in April 2010, the company had almost sealed a deal with Waterland Financial Holdings Co., a tiny financial firm in Taiwan, who had agreed to purchase it for about $112 million. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 0.9828, Friday&rsquo;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

Initiating Coverage Of Interleukin Genetics At Outperform

Posted: 29 Mar 2011 12:05 PM PDT

Zacks has removed this article. Thank you
 
INTERLEUKIN GEN (ILIU): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Initiating Coverage Of Interleukin Genetics At Outperform

Posted: 29 Mar 2011 12:05 PM PDT

Brian Marckx, CFA
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 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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).
Earnings estimates for fiscal 2011 have advanced by $0.04 in the last sixty days as the company reported better-than-expected results for the third quarter. Earnings per share came in at $0.53 in the third quarter, beating the Zacks Consensus Estimate by a penny.
We believe Microchip Technology's top line has gained momentum after taking a hit in the second half of calendar 2008 and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Honda Recalls Odysseys Again

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.
Honda said it is unaware of any crashes or injuries due to the defective windows in the vehicles. It will start recalling the vehicles by April 15.
This is the second time in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

PKX Bids For Korea Express

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.
The deal, worth $1.5 billion, has also attracted biddings from CJ Group and Lotte Group. Currently, these shares are held by Asiana Airlines Inc. and Daewoo Engineering & Construction Co Ltd.
Final bids will be accepted until May 13 while a preferred bidder will be chosen on May 16. POSCO by acquiring the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.4220, Thursday&rsquo;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

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.
Starbucks claims that by offering an entire range of customized health drinks it will help customers to make healthy choices easily. The company offers options whereby visitors can choose non-fat milk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Pipeline Setback For XenoPort

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.
Arbaclofen placarbil was being evaluated as an adjunctive therapy in patients suffering from gastroesophageal reflux disease (GERD) who are not completely cured when treated with proton pump inhibitors such as Astra Zeneca's (NYSE:AZN) Nexium. Heartburn is the most common symptom associated with GERD.
Data from the randomized, double-blind, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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.
Data revealed that treatment with Risperdal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Neutral On U.S. Steel

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.
The company also benefits from its focus on value-added products such as cold-rolled and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lennar Improves On Rialto

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.
The improvement in results was mainly attributable to higher revenues generated from the company's Rialto Investments segment. Rialto Investments is Lennar's most recent venture that provides advisory services, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.0314, Monday&rsquo;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

NVIDIA’s New Gaming Card

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).
Dreamworld Engine 2.5 will help double the speed of in-game physics processing compared with the traditional client-side PhysX technology, which will help in delivering better time response and better manage the collision effect. Some of the most … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
First-Quarter 2011, a Synopsis
Family Dollar posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nokia Siemens Wins Contract

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.
It is believed that Nokia Siemens will deliver LTE infrastructure solutions to Telecom Italia's 7000 Base Stations (BST). However, the terms of the deal were not mentioned.
Nokia Siemens, which is a major revenue generator for Nokia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CreXus Shrugs Off Starwood Offer

Posted: 29 Mar 2011 11:05 AM PDT

Zacks has removed this article. Thank you
 
CREXUS INVESTMT (CXS): Free Stock Analysis … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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

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).
As each leg goes higher, the temptation to sell increases. However, that is what all traders who sold in the NY session has been saying. So be sure to find a reason to sell and if … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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&rsquo;s low, and resistance at 0.7575, Friday&rsquo;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

Sina Drops Google Search

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.
Sina's move is not surprising, as many Chinese companies such as Tom Online Inc. has dropped its partnership with Google in the world's biggest Internet market, in terms of users. Tom Online Inc. stopped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dr Pepper Launches New Flavor

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.
The company joined with CBS to promote its brand through advertising it during episodes of The Amazing Race, a television show aired on CBS.
Dr Pepper recorded sales growth of 1.3% year over year in 2010. We expect new product offerings will help it to register higher sales as well as widen … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble Inks Deal With Sembcorp

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.
Noble will incur a cost of $235 per unit for the new rigs, including project management, spares and start-up costs. However, the costs exclude capitalized interest. With the addition of two high-specification heavy duty, harsh environment JU3000N jackup drilling rigs, Noble will have four … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Sprint requested government officials to block AT&T's planned acquisition of T-Mobile. Sprint believes that the ambitious $39 billion proposed merger would create a duopoly market for U.S. wireless services. The proposed merger would further cut competition making AT&T and Verizon Wireless, a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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
Today’s tickers: LINTA, MWW, CVS & AEP
Liberty Media Interactive (NASDAQ:LINTA) – A large stock and options combination play on the broadcasting and entertainment company appears to be the work of an investor hoping to see LINTA’s shares stagnate ahead of July expiration. Shares in the owner of QVC and Starz Entertainment are currently up 0.10% to stand at $15.80 as of 12:15pm in New York. The options player sold a sizable … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“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

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&rsquo;s low, and resistance at 1.6267, Thursday&rsquo;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

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&rsquo;s DAX fell 0.06%, London&rsquo;s FTSE 100 gained 0.47%, France&rsquo;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

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

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.
The EUR/USD rallied overnight, but fell back down in favor of the US Dollar as we have the theme of Fed normalization of policy still working in favor of the USD.
US housing prices extend slide…
First in the US, we saw the S&P/Case … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Turning The Tanker

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.
Eurodollar … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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
at

No comments:

Post a Comment