DailyMarkets.com - How Large, New Shale Oil Formations Around The Globe Are Estimated
DailyMarkets.com - How Large, New Shale Oil Formations Around The Globe Are Estimated |
- How Large, New Shale Oil Formations Around The Globe Are Estimated
- Telus To Invest In Ottawa
- Shuffle: Wait Ends For CEO
- UTX Propeller Control System For US Navy
- ERTS Musters 1.5 Million Beta Users
- Monetary Policy Week In Review – 19 March 2011
- Transocean’s Rig Status
- Reinsurance Group Reiterated At Neutral
- Banks Under Probe In LIBOR Case
- GE Turbine Technology Gets Russian Nod
- Mack-Cali Extends Lease
- Xcel, SunPower Start Solar Unit
- Qualcomm To Divest Indian Venture
- Kodak Teams Up With IBML
- Southwest Seeks Mediation
- Hot Option Plays: Market Both Popped Then Faded On News
- Equifax Issues Small Biz Database
- Airport Trouble For St. Jude CEO
- Airport Trouble For St. Jude CEO
- El Paso Offers To Redeem Notes
- Earnings Scorecard: Hot Topic
- TAM’s Traffic Surges
- Quests Test Gets NY Approval
- Value Addition By Research In Motion
- Sprint Stays Neutral
- P&G Stays Neutral
- The Central Banker’s Conundrum
- Airport Trouble For St. Jude CEO
- St. Jude CEO Released In New Delhi
- Mylan Rests At Neutral
- Airgas Appoints At Top Level
- Genomic’s Success On Oncotype DX
- Capital One Remains Neutral
- Forex – EUR/USD Up At The End Of U.S. Session
- Earnings Preview: First Clues To First Quarter
- CGNH: Q1 2011 Results
- Edwards Reaffirmed At Neutral
- GM Shuts Plant For Parts Shortage
- Delta Invests In Infrastructure
- Magellan To Reverse Texas Pipeline
- Forex – GBP/USD Up At The End Of U.S. Session
- Closing Bell Market Monitor: CRA, NKE
- Forex – USD/JPY Up At The End Of U.S. Session
- YRCW Continues To Suffer
- Sprint Stays Neutral
- SanDisk Taps New Opportunities
- Forex – USD/JPY Up Toward The End Of U.S. Session
- YRCW Continues To Suffer
- GOL’s February Traffic Surges
- Maxwell Module Gets UK OK
- Everest Estimates Losses
- Sprint Stays Neutral
- General Dynamics Wins Army Contract
- Covidien Escapes Japan Disaster
- Forex – EUR/USD Up Toward The End Of U.S. Session
- GOL’s February Traffic Surges
- General Mills Gets 50% Of Yoplait
- Colombian Central Bank Raises Rate 25bps To 3.50%
- U.S. Markets Mixed At Close; Dow Jones Up 0.71%
- Earnings Scorecard: Smithfield Foods
- Earning Preview: Tiffany
- China Raises Reserve Requirements 50bps
- FDIC Sues 3 WaMu Execs
- GOL’s February Traffic Surges
- Intuit Provides ConsumerTax Update
- First Solar Builds Module Factory
- EUR Hits 2011 High As Trichet Re-affirms ECB Rate Hike In April
- Forex – GBP/USD Up During The U.S. Session
- Will Banks Get Addicted To TARP?
- Fitch Upgrades Whirlpool
- Manpower Joins With Microsoft
- EIA: Crude Builds, Fuels Drop
- Monsanto’s New Collaborations
- Glaxo Diabetes Candidate Disappoints
- MetLife Attempts To Exit Taiwan
- Arris Remains Neutral
- YRCW Suffers Another Setback
- Tower Downgraded To Underperform
- Weekly Silver Update 3/18/2011 – At Critical 61.8% Retracement Level
- Forex – USD/CAD Up In U.S. Trade
- Stock Market Summary For Friday, March 18, 2011 Special Alert UUP, EUO, NUAN
- Weekly Gold Update: Bullish Continuation To 1445?
- Forex – EUR/USD Up In U.S. Trading Hours
- Great CPI Graph From WSJ
- Japanese Nuclear Crisis Sparks Volatility For London Listed Uranium Players
| How Large, New Shale Oil Formations Around The Globe Are Estimated Posted: 18 Mar 2011 05:45 PM PDT How much oil is there in newly economic shale oil deposits around the world? We won't know that for 50 years or more, but it's not stopping energy companies from publicizing some extremely large prospective resource estimates – like, tens of billions of barrels of oil – with almost no data to back it up, and only one similar play on earth with any operating history. A prospective resource is an estimate of the amount of oil that might be the recoverable volume of oil in an … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 05:35 PM PDT Telus Corporation (NYSE:TU) will invest $4.5 million in Ottawa.
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| Posted: 18 Mar 2011 05:05 PM PDT Shuffle Master Inc. (NASDAQ:SHFL) recently announced the appointment of Gavin Isaacs as its chief executive officer (CEO) after an extensive search process. Isaacs will assume his new responsibility on April 1, 2011. However, his appointment still awaits regulatory approvals.
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| UTX Propeller Control System For US Navy Posted: 18 Mar 2011 05:05 PM PDT Hamilton Sundstrand Corporation, a subsidiary of United Technologies Corp. (NYSE:UTX), has been awarded a contract by Naval Air Systems Command for the procurement and installation of as many as 25 electronic propeller control system (EPCS) aircraft kits.
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| ERTS Musters 1.5 Million Beta Users Posted: 18 Mar 2011 05:05 PM PDT Electronic Arts (NASDAQ:ERTS) and Bioware, a Canadian electronic entertainment company, have received nearly 1.5 million signups for the beta version of their upcoming massive multi-player online game (MMO) Star Wars: The Old Republic.
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| Monetary Policy Week In Review – 19 March 2011 Posted: 18 Mar 2011 04:41 PM PDT The past week saw a lot of monetary policy announcements but only a few changes. Of those making changes, India increased +25bps to 6.75%, Chile increased +50bps to 4.00%, and Colombia increased +25bps to 3.50%. Meanwhile the rest held their rates steady (Latvia, Hong Kong, US, Iceland, Norway, Switzerland), but Japan – thought it held its rate unchanged – announced it would undertake further purchases as part of its asset purchase program to give its economy and financial markets a much needed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 04:40 PM PDT In the March fleet update report, Transocean Ltd. (RIG) announced the completed sale of its shallow-water rig, Transocean Mercury. The company did not divulge the financial terms and other details of the deal. This sale comes close on the heels of the disposal of the high-specification jackup Trident 20 in February 2010.
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| Reinsurance Group Reiterated At Neutral Posted: 18 Mar 2011 04:35 PM PDT We are reiterating a Neutral recommendation on the shares of Reinsurance Group of America Inc. (RGA) following the release of fourth quarter and fiscal 2010 results.
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| Banks Under Probe In LIBOR Case Posted: 18 Mar 2011 04:35 PM PDT TheFinancial Times recently reported that regulators investigating manipulations in the London Interbank Offered Rate (LIBOR) during 2006-2008 are now focused on probing five global banks.
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| GE Turbine Technology Gets Russian Nod Posted: 18 Mar 2011 04:35 PM PDT Power generation company TGK-9 has chosen the advanced gas turbine technology from General Electric Company (NYSE:GE) for a combined-cycle plant meant for supplying heat and electricity to the residents of Berezniki in Russia.
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| Posted: 18 Mar 2011 04:05 PM PDT Mack-Cali Realty Corporation (NYSE:CLI), one of the largest office REITs in the U.S has recently extended its lease agreement with Movado Group Inc. (NYSE:MOV). The agreement extends the 90,050-square-foot lease held by Movado at the Mack-Cali Centre II, in Paramus, New Jersey for a period of five years expiring in 2018.
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| Xcel, SunPower Start Solar Unit Posted: 18 Mar 2011 04:05 PM PDT Solar power producer SunPower Corp. (SPWRA) said that it has completed a 19-megawatt photovoltaic (PV) solar power plant in Colorado’s Alamosa County. The plant will supply solar power to Xcel Energy Inc. (NYSE:XEL).
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| Qualcomm To Divest Indian Venture Posted: 18 Mar 2011 04:05 PM PDT Qualcomm Inc. (NASDAQ:QCOM), the leading chipset maker for mobile handsets worldwide, intends to dispose of its remaining 76% stake in Broadband Wireless Access (BWA) spectrum in India to the local operator Bharti Airtel for around $1.2 billion–$1.3 billion.
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| Posted: 18 Mar 2011 04:05 PM PDT Eastman Kodak Company (NYSE:EK) and Imagine Business Machines, LLC (IBML), a document imaging solutions entity based in Alabama, U.S.A., have recently signed an agreement to expand their global reseller and worldwide service relationships.
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| Posted: 18 Mar 2011 03:35 PM PDT Low-cost carrier Southwest Airlines Co. (NYSE:LUV) has decided to seek assistance from the National Mediation Board. This will be through a mediation process defined by the Railway Labor Act.
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| Hot Option Plays: Market Both Popped Then Faded On News Posted: 18 Mar 2011 03:18 PM PDT Cusick’s Corner
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| Equifax Issues Small Biz Database Posted: 18 Mar 2011 03:10 PM PDT Proprietary financial database provider Equifax Inc. (NYSE:EFX) recently conducted an extensive study on the bankruptcy trends of 24 million U.S. small businesses for the year 2010. The data gathered by the company reveals that small business bankruptcy rates have dropped in many areas including different coastal region, with other western regions.
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| Airport Trouble For St. Jude CEO Posted: 18 Mar 2011 03:05 PM PDT Global medical devices major, St. Jude Medical (NYSE:STJ) recently reported that its CEO, Mr. Daniel Starks, was arrested by New Delhi airport police for carrying ammunition. He was held at the airport after a lone shell was accidentally left in his clothes and discovered as he was moving through the airport.
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| Airport Trouble For St. Jude CEO Posted: 18 Mar 2011 03:05 PM PDT Global medical devices major, St. Jude Medical (NYSE:STJ) recently reported that its CEO, Mr. Daniel Starks, was arrested by New Delhi airport police for carrying ammunition. He was held at the airport after a lone shell was accidentally left in his clothes and discovered as he was moving through the airport.
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| El Paso Offers To Redeem Notes Posted: 18 Mar 2011 03:05 PM PDT El Paso Corporation (NYSE:EP) announced a cash tender offer to redeem its seven series of outstanding senior notes. The cash tender offer expires on April 13, 2011. The coupon rate of the outstanding notes ranges from 7.75% to 12.00% and the maturity dates vary from 2012 to 2032.
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| Posted: 18 Mar 2011 03:05 PM PDT On March 7, 2011, specialty retailer Hot Topic Inc. (NASDAQ:HOTT) announced its financial results for the fourth-quarter and year-end 2010.
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| Posted: 18 Mar 2011 03:05 PM PDT Brazilian airline company, TAM S.A. (NYSE:TAM), recently reported passenger traffic for the month of February 2011 in comparison with the year-ago quarter and the previous quarter.
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| Posted: 18 Mar 2011 03:05 PM PDT Recently, Quest Diagnostics (NYSE:DGX) received approval for its ColoVantage test from New York State’s Department of Health for testing samples of patients. This will prove to be a convenient option for patients aged 50 years or more who resist detection of colorectal cancer by recommended screening methods.
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| Value Addition By Research In Motion Posted: 18 Mar 2011 03:05 PM PDT Research In Motion Ltd. (NASDAQ:RIMM) plans to upgrade its service offerings by introducing another value-added service to its portfolio.
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| Posted: 18 Mar 2011 02:35 PM PDT We are maintaining our long-term Neutral recommendation on Sprint Nextel Corp. (NYSE:S) shares to reflect the absence of a directional momentum in the company’s earnings estimates.
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| Posted: 18 Mar 2011 02:35 PM PDT Procter & Gamble (NYSE:PG) aims at driving its long-term growth, mainly by accelerating new product innovation, expanding deeper into emerging markets, and continuing cost-cutting through process simplification and productivity enhancement.
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| The Central Banker’s Conundrum Posted: 18 Mar 2011 02:35 PM PDT With unemployment rates starting to fall in the developed world and inflation rates starting to rise, will central banks finally start to raise their historically low key interest rates?
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| Airport Trouble For St. Jude CEO Posted: 18 Mar 2011 02:35 PM PDT Global medical devices major, St. Jude Medical (NYSE:STJ) recently reported that its CEO, Mr. Daniel Starks, was arrested by New Delhi airport police for carrying ammunition. He was held at the airport after a lone shell was accidentally left in his clothes and discovered as he was moving through the airport.
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| St. Jude CEO Released In New Delhi Posted: 18 Mar 2011 02:35 PM PDT Global medical devices major, St. Jude Medical (NYSE:STJ) recently reported that its CEO, Mr. Daniel Starks, was arrested by New Delhi airport police for carrying ammunition. He was held at the airport after a lone shell was accidentally left in his clothes and discovered as he was moving through the airport.
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| Posted: 18 Mar 2011 02:35 PM PDT We have maintained our Neutral recommendation on Mylan Inc. (NYSE:MYL) with a target price of $23.00 after appraising fourth quarter and fiscal year 2010 financial results.
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| Posted: 18 Mar 2011 02:35 PM PDT Airgas Inc. (NYSE:ARG) announced Tony Simonetta as the new President of Airgas East, who will report to Shaun Powers, the President of Airgas Eastern Division. Fred Manley is the former President who has been replaced by Simonetta. Manley joined the Company's national sales leadership team as Vice President – technology and services markets.
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| Genomic’s Success On Oncotype DX Posted: 18 Mar 2011 02:35 PM PDT Recently, Genomic Health (NASDAQ:GHDX), an oncology-based biotech company, presented positive result from nine international studies on the effectiveness of OncotypeDX test in early-stage breast cancer patients at a conference in Switzerland. The result was based on the data of UK, Germany and Spain.
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| Posted: 18 Mar 2011 02:35 PM PDT We are maintaining our Neutral recommendation on Capital One Financial Corp. (NYSE:COF) in the absence of any significant positive or negative catalyst. While we anticipate continued synergies from the company's geographic diversification and resilience in almost all its businesses, rising marketing expenses and weak loan demand will remain the downside.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 18 Mar 2011 02:10 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.4182, up 1.15% at time of writing. The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4184, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8736 and EUR/JPY rising 3.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Preview: First Clues To First Quarter Posted: 18 Mar 2011 02:05 PM PDT Earnings Preview 3/18/11 The fourth quarter earnings season is over, but now we are starting to get a few first quarter reports (and a few stragglers for the fourth quarter, many of which are ADRs). That makes for a very light overall earnings week. A total of just 76 firms are due to report. However, an unusually high number of those are members of the S&P 500 — 17. The fourth quarter earnings season was a strong one, and this week should start to provide clues if that will be true for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 02:05 PM PDT Brian Marckx, CFA
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| Posted: 18 Mar 2011 02:05 PM PDT Recently, we reaffirmed our Neutral recommendation on Edwards Lifesciences (NYSE:EW) with a target price of $91.00.
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| GM Shuts Plant For Parts Shortage Posted: 18 Mar 2011 02:05 PM PDT General Motors Co. (NYSE:GM) announced that it would temporarily shut down its pick-up truck plant in Louisiana on the back of a parts shortage due to damages caused by earthquake and tsunami in Japan. The plant, which produces Chevrolet Colorado and GMC Canyon, will be closed for the week ending March 21.
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| Delta Invests In Infrastructure Posted: 18 Mar 2011 02:05 PM PDT The second largest U.S. airline, Delta Air Lines (NYSE:DAL) will invest over $2 billion through 2013 on improving airport facilities and aircraft.
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| Magellan To Reverse Texas Pipeline Posted: 18 Mar 2011 02:05 PM PDT Oil pipeline and storage partnership Magellan Midstream Partners L.P. (MMP) has decided to reverse the direction of flow on a section of a south Texas refined petroleum pipeline and start using it to transport crude oil to Houston area refineries. The initiative – which aims to take advantage of the supply glut at the key delivery hub of Cushing, Oklahoma – is likely to be operational within 18 to 24 months.
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| Forex – GBP/USD Up At The End Of U.S. Session Posted: 18 Mar 2011 02:05 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6233, up 0.60% at time of writing. The pair was likely to find support at 1.5979, Tuesday's low, and resistance at 1.6256, today's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.54% to hit 0.8736 and GBP/JPY rising 2.76% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Closing Bell Market Monitor: CRA, NKE Posted: 18 Mar 2011 02:00 PM PDT 03/18/11 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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| Forex – USD/JPY Up At The End Of U.S. Session Posted: 18 Mar 2011 02:00 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 80.58, up 2.14% at time of writing. The pair was likely to find support at 76.41, Wednesday's low, and resistance at 82.46, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.15% to hit 1.4182 and GBP/USD rising 0.60% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 01:40 PM PDT The struggling trucking company YRC Worldwide Inc. (NASDAQ:YRCW) continues to suffer from one setback. after another. Last Monday, management announced that the company was suffering from a serious bankruptcy threat since it missed a restructuring milestone.
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| Posted: 18 Mar 2011 01:40 PM PDT We are maintaining our long-term Neutral recommendation on Sprint Nextel Corp. (NYSE:S) shares to reflect the absence of a directional momentum in the company’s earnings estimates.
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| SanDisk Taps New Opportunities Posted: 18 Mar 2011 01:40 PM PDT The largest flash card and hard disk manufacturing company SanDisk Corporation (NASDAQ:SNDK) is currently banking on the growth of the smartphone market, which is expected to reach a level of 900 million units by the year 2014.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 18 Mar 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 80.60, up 2.17% at time of writing. The pair was likely to find support at 76.41, Wednesday's low, and resistance at 82.46, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 1.14% to hit 1.4181 and GBP/USD rising 0.64% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 01:35 PM PDT The struggling trucking company YRC Worldwide Inc. (NASDAQ:YRCW) continues to suffer from one setback. after another. Last Monday, management announced that the company was suffering from a serious bankruptcy threat since it missed a restructuring milestone.
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| Posted: 18 Mar 2011 01:35 PM PDT Brazil’s largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL), recently reported positive February passenger traffic details. The company experienced a 4.5% year-over-year increase in demand with domestic demand rising by 4.4% and international by about 5.9%. Recovery in market conditions, particularly Latin America’s return to economic stability, has brought about this sudden spurt in passenger traffic.
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| Posted: 18 Mar 2011 01:35 PM PDT Maxwell Technologies Inc. (NASDAQ:MXWL) received European Economic Community (EEC)-Type Approval and Conformity of Production (CoP) for its 125-volt Heavy Transportation Module (HTM125) from the North American office of United Kingdom’s Vehicle Certification Agency.
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| Posted: 18 Mar 2011 01:35 PM PDT Yesterday, Bermuda-based reinsurer Everest Re Group Ltd., (NYSE:RE) estimated its first quarter 2011 pre-tax losses to range between $140 million and $210 million, owing to the deadly February 2011 New Zealand earthquake. The estimate is based on a projected industry loss of $8–$12 billion, resulting from the catastrophe.
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| Posted: 18 Mar 2011 01:35 PM PDT We are currently maintaining our long-term Neutral recommendation on Sprint Nextel Corp. (NYSE:S) based on an uptick in its post-paid business.
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| General Dynamics Wins Army Contract Posted: 18 Mar 2011 01:35 PM PDT General Dynamics Corporation’s (NYSE:GD) Ordnance and Tactical Systems unit received a contract worth $46 million from the U.S. Army Contracting Command, Rock Island III.
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| Covidien Escapes Japan Disaster Posted: 18 Mar 2011 01:35 PM PDT Covidien (NYSE:COV) recently summarized the impact of the disaster in Japan on its operations in that country. The company stated that its almost 1,500-strong Japan-based workforce is not in danger. Its office in Tokyo is open to business, its plant in Shizuoka is operational and its distribution centers are unharmed. Covidien derived approximately 8% of its revenues in fiscal 2010 from sales in Japan.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 18 Mar 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.4174, up 1.09% at time of writing. The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4184, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.48% to hit 0.8732 and EUR/JPY rising 3.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 01:15 PM PDT Brazil’s largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL), recently reported positive February passenger traffic details. The company experienced a 4.5% year-over-year increase in demand with domestic demand rising by 4.4% and international by about 5.9%. Recovery in market conditions, particularly Latin America’s return to economic stability, has brought about this sudden spurt in passenger traffic.
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| General Mills Gets 50% Of Yoplait Posted: 18 Mar 2011 01:15 PM PDT General Mills Inc. (NYSE:GIS) has won a 50% stake in world’s number two dairy company, Yoplait, for $2.2 billion. The Minneapolis, Minnesota-based retail giant had to fight a tough battle with Switzerland’s Nestle and China’s Bright Food Group who were in the race for the buyout.
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| Colombian Central Bank Raises Rate 25bps To 3.50% Posted: 18 Mar 2011 01:12 PM PDT The Banco de la Republica de Colombia increased its key monetary policy rate by 25 basis points to 3.50 percent from 3.25 percent. The move follows Colombia’s credit rating upgrade by one-step to BBB- by Standard & Poor’s this week. Colombia reported consumer price inflation of 0.6% month on month in February, or 3.17% year on year, compared to the central bank’s 2 percent to 4 percent … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Mixed At Close; Dow Jones Up 0.71% Posted: 18 Mar 2011 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.71%, the S&P 500 index gained 0.43%, while the Nasdaq 100 index declined 0.19%. Meanwhile, across the Atlantic, European stock markets closed higher. France's CAC 40 was up 0.63%; Germany's DAX gained 0.27%; Britain's FTSE 100 climbed 0.45%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Scorecard: Smithfield Foods Posted: 18 Mar 2011 01:06 PM PDT On March 9, 2011, world's largest pork and hog producer, Smithfield Foods Inc. (NYSE:SFD) announced its financial results for the fourth-quarter and year-end 2010.
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| Posted: 18 Mar 2011 01:06 PM PDT Tiffany & Company (NYSE:TIF) is scheduled to report its fourth-quarter 2010 financial results before the bell on Monday, March 21, 2011. The current Zacks Consensus Estimate for the quarter is $1.39 per share with revenue at $1,092 million.
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| China Raises Reserve Requirements 50bps Posted: 18 Mar 2011 01:01 PM PDT The People’s Bank of China increased the required reserve ratio by another 50bps, the third increase this year, placing the ratio at as much as 20% for large banks. The move, intended to restrict Chinese bank lending, takes effect on March 25. China reported inflation of 4.9% in February, compared to the government’s target for 2011 of 4%. This increase in the reserve ratio will likely lock up as much as Rmb370bn in funds that banks would otherwise have been able to lend, as the Bank attempts … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 12:55 PM PDT On Wednesday, The Federal Deposit Insurance Corp. (FDIC) sued three former top executives of Washington Mutual (WaMu). Federal regulators accused the executives for taking excessive and historically unmatched risks with the failed bank’s home loan portfolio.
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| Posted: 18 Mar 2011 12:55 PM PDT Brazil’s largest low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL), recently reported passenger traffic for the month of February 2011 in comparison with the year-ago quarter and the previous quarter.
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| Intuit Provides ConsumerTax Update Posted: 18 Mar 2011 12:55 PM PDT Intuit Inc. (NASDAQ:INTU) recently released the second update for its fiscal year 2011 consumer tax offerings.
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| First Solar Builds Module Factory Posted: 18 Mar 2011 12:55 PM PDT First Solar Inc. (NASDAQ:FSLR) is planning to build its new U.S. manufacturing center in Mesa, Arizona. With an investment of $300 million, the manufacturing center will include four manufacturing lines with a capacity to produce more than 250 megawatts (MW) of advanced thin-film photovoltaic (PV) modules per year.
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| EUR Hits 2011 High As Trichet Re-affirms ECB Rate Hike In April Posted: 18 Mar 2011 12:53 PM PDT In a speech today, Trichet helped support the Euro, as he iterated that the ECB continues on its path of hiking interest rates. When asked about a possible April rate hike, he said the ECB's message has not changed. From Bloomberg: Trichet Says His Message on ECB's Rate Stance Hasn't Changed
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| Forex – GBP/USD Up During The U.S. Session Posted: 18 Mar 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6224, up 0.54% at time of writing. The pair was likely to find support at 1.5979, Tuesday's low, and resistance at 1.6256, today's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.48% to hit 0.8732 and GBP/JPY rising 3.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will Banks Get Addicted To TARP? Posted: 18 Mar 2011 12:35 PM PDT Considering the effectiveness in easing credit and capital market pressure and restoring confidence in the financial system as well as a near 99% recovery of the injected money at a lower-than-expected cost, there is no doubt that the Troubled Asset Relief Program (TARP) is a success story. However, will this become a bad habit for big bailed out institutions?
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| Posted: 18 Mar 2011 12:35 PM PDT The leading manufacturer of home appliances worldwide, Whirlpool Corp. (NYSE:WHR), has been recently upgraded by Fitch Ratings. Fitch raised the investment-grade credit ratings of Whirlpool to “BBB” from “BBB-,” based on the company's improving financial performance, strong balance sheet and growing opportunities in the global appliances industry. Moreover, the ratings outlook stays “stable” for Whirlpool.
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| Posted: 18 Mar 2011 12:35 PM PDT Manpower Inc. (NYSE:MAN), one of the leading employment services provider and Microsoft Corporation (NASDAQ:MSFT), the software giant, recently formed a coalition to promote youth employment and to create opportunities for the next generation leaders across the globe.
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| Posted: 18 Mar 2011 12:35 PM PDT The U.S. Energy Department’s weekly inventory release showed a build-up in crude stockpiles on the back of climbing imports. At the same time, the agency's report added that fuel inventories were off significantly from the previous week levels, while refinery run-rates increased.
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| Posted: 18 Mar 2011 12:35 PM PDT Monsanto (NYSE:MON) has entered into an agreement with BASF to collaborate on the advancement of dicamba (organochlorine compound used as an herbicide) tolerant cropping systems. The financial terms of the transaction were not disclosed.
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| Glaxo Diabetes Candidate Disappoints Posted: 18 Mar 2011 12:35 PM PDT GlaxoSmithKline (NYSE:GSK) and Tolerx recently presented disappointing results on their late-stage diabetes candidate. Otelixizumab, which is being developed for the treatment of type I diabetes, failed to achieve its primary efficacy end-point in the phase III DEFEND-1 study.
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| MetLife Attempts To Exit Taiwan Posted: 18 Mar 2011 12:35 PM PDT MetLife Inc.'s (NYSE:MET), in its attempt to sell off its Taiwan unit got three bidders for the unit. Taishin Financial Holding Co. Mercuries Life Insurance Co. and Chinatrust Financial, Taiwan’s top credit card issuer have bid for the Taiwan unit.
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| Posted: 18 Mar 2011 12:35 PM PDT We reaffirm our Neutral recommendation on Arris Group Inc. (NASDAQ:ARRS) following its fourth quarter of 2010 financial results that barely met the Zacks Consensus Estimates. Arris has diversified its offering into digital video market.
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| Posted: 18 Mar 2011 12:35 PM PDT The struggling trucking company YRC Worldwide Inc. (NASDAQ:YRCW) continues to suffer from one setback. after another. Last Monday, management announced that the company is suffering from a serious bankruptcy threat since it missed a restructuring milestone.
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| Tower Downgraded To Underperform Posted: 18 Mar 2011 12:35 PM PDT We are downgrading our recommendation on the Tower Group Inc. (NASDAQ:TWGP) to Underperform from Neutral. We believe that a lower interest rate environment and higher expense ratio will suppress earnings in the near term.
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| Weekly Silver Update 3/18/2011 – At Critical 61.8% Retracement Level Posted: 18 Mar 2011 12:22 PM PDT Gold and Silver Pullbacks Look Complete (3/17) - We were anticipating an end to the current pullback, but we see no sign until now, the end of the week.
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| Forex – USD/CAD Up In U.S. Trade Posted: 18 Mar 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Core CPI. USD/CAD was trading at 0.9855, up 0.07% at time of writing. The pair was likely to find support at 0.9710, Monday's low, and resistance at 0.9974, Tuesday's high. Earlier in the day, official data showed that Canadian core consumer price inflation rose less-than-expected to a seasonally adjusted 0.20% last month from 0.00% in the preceding month. Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary For Friday, March 18, 2011 Special Alert UUP, EUO, NUAN Posted: 18 Mar 2011 12:07 PM PDT We are going to add to our watch list additional positions in the PowerShares Double US Dollar Index Bullish Fund (symbol: UUP), the ProShares UltraShort Euro (symbol: EUO), and Nuance Communications (symbol: NUAN) at today’s market closing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Weekly Gold Update: Bullish Continuation To 1445? Posted: 18 Mar 2011 11:54 AM PDT Gold and Silver Pullbacks Look Complete (3/17) - Gold is trading above 1418, where there should be resistance for a bearish attempt. However, if this pivot is broken, it does not necessarily mean a bullish attempt is to follow. Only a corrective decline fails to break below 1405 will let us know for sure a bullish impulse wave is developing, which means that sideways to bullish action is to follow, and the bearish correction would be over.
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 18 Mar 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.4166, up 1.03% at time of writing. The pair was likely to find support at 1.3856, Tuesday's low, and resistance at 1.4184, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.43% to hit 0.8728 and EUR/JPY rising 3.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 18 Mar 2011 11:25 AM PDT Great graph above that accompanies a story in today’s WSJ on yesterday’s CPI report. The width of the bars represent the weights of different components in the CPI, and the height of the bars represent inflation rates (blue) or deflation rates (red) over the 12-month period ending in February 2011. Obviously, gasoline prices have risen the most over the last year (almost 20%), but rent and the cost of home ownership have have remained fairly flat, and some prices are showing … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Japanese Nuclear Crisis Sparks Volatility For London Listed Uranium Players Posted: 18 Mar 2011 08:59 AM PDT London's FTSE 100 and AIM markets this week continued their steady decline that started in early March although both indexes bounced mid-week on signs that the UN was preparing to take action on the crisis in Libya, which it did on Thursday night. Ongoing uncertainty around the Middle East and North Africa combined with huge problems in Japan are expected to unsettle markets for some time. For two years there has been a creeping inevitability that Kalahari Minerals (LON:KAH) would get taken … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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