DailyMarkets.com - Western Union Expands To UAE |
- Western Union Expands To UAE
- Honda Eyeing Stronger India Focus
- WPP To Acquire Who Digital
- DuPont’s Pioneer On Expansion Mode
- Raven Partners With NovAtel
- Jacobs Wins U.K. Contract
- Juniper Unveils Mobile Solution
- Hanger Upgraded To Outperform
- MarkWest, Sunoco Expand Deal
- Forex – AUD/USD Up In U.S. Trade
- Forex Trading: USDCHF Banging Against 38.2% Retracement
- Earnings Preview: Red Hat Inc.
- Air Products Announces Launch
- Higher Dividend From Fifth Third
- Foster Wheeler Wins Contract In Mexico
- Sonic Lags, Gains Annually On Comps
- Gold Rises, Silver On Pace To Close At Another Record High
- European Markets Close Higher; Dax Up 0.35%
- Bearish Signals Appear In Japan ETF Options
- Discover Financial Outshines
- New Opportunities For Dell
- Limited Brands’ New Strategy
- EU Condemns NYSE-Boerse Deal
- J2 Global Facing Legal Challenge
- Wells Fargo Sells 10-Year Notes
- Hain Enhances Product Line
- Record Low New Home Sales
- MT’s New Revolving Credit Facility
- Crude Rises Above $106
- Anadarko Signs JV With Korea NOC
- General Mills Reports In Line
- Liberty Global Solidifies Foothold
- Dallas Fed Speech Offsets Bond Gains – Yields Mixed
- Turkey Central Bank Holds Rate At 6.25%
- France Telecom Upgraded
- France Telecom Upgraded
- Newfield To Buy Oil-rich Assets
- Newfield To Buy Oil-rich Assets
- BJ’s A Possible Acquisition Target
- Forex – Dollar Broadly Higher Vs. Rivals, Euro, Pound Slump
- Forex Trading: EURUSD Finds Sellers Against The 100 Hour MA
- Forex – GBP/USD Hits 2-day Low After U.K. Budget, BoE Minutes
- Buying The Dip: Good Idea, Fraught With Consequences
- Forex – EUR/USD Trims Losses, Retreats From 3-day Low
- Earnings Preview: Fred’s Inc.
- HP To Extend Health Care
- 6th Edition Of Mankiw: Tiger’s Out, Tom Brady’s In
- Australian Dollar: Caution
- Canadian Dollar: Caution
- Oil’s Bullish Bias Reasserts Itself
- Another Acquisition For Merck KGaA
- Risk Aversion Dominates Forex Markets
- Word From The Floor: Global Tensions Add To Risk Aversion
- Forex Trading: EURUSD Tests Intraday Resistance
- Made On Earth: Global Output And Trade Both Reach New Record All-Time High Levels In January
- Forex Trading: GBPUSD Starts Corrective Move
- General Mills Serves Up A Fiscal 3Q Net Income Gain
- Forex – USD/CAD Hits 2-day High Amid Global Uncertainty
- Worries Abound As Euphoria Dries Up
- Lincat Group Shares Surge On Takeover Offer From Middleby
| Posted: 23 Mar 2011 12:05 PM PDT In an attempt to make its foray into the UAE, Western Union Co. (NYSE:WU) , a leader in global payment services, yesterday, announced its tie up with Emirates NBD, a leading regional bank.
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| Honda Eyeing Stronger India Focus Posted: 23 Mar 2011 12:05 PM PDT Honda Motorcycle & Scooter India Pvt Ltd ("HMSI"), the Indian subsidiary of Japan's Honda Motor Co. Ltd (NYSE:HMC) projects to sell 2.1 million units in fiscal 2012, up 27% from an expected sale of 1.65 units by the end of fiscal 2011. According to Honda Motor, the Indian two-wheeler market is likely to reach 12 million units by 2012.
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| Posted: 23 Mar 2011 12:05 PM PDT Advertising titan WPP plc (NASDAQ:WPPGY) recently announced that it has signed an agreement to acquire Who Digital, a leading full service digital agency in Vietnam. The acquisition is a part of the company’s ongoing efforts to increase its exposure to one of the fastest growing markets in the world.
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| DuPont’s Pioneer On Expansion Mode Posted: 23 Mar 2011 12:05 PM PDT Pioneer Hi-Bred International Inc., an EI DuPont de Nemours & Co. (NYSE:DD) business and the world’s leading developer and supplier of advanced plant genetics, agronomic support and services to farmers, intends to open up three production plants and two joint ventures in China in the next five years.
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| Posted: 23 Mar 2011 11:35 AM PDT Raven Industries Inc. (NASDAQ:RAVN) and NovAtel Inc. have entered into a partnership that aims to integrate NovAtel's industry leading Global Navigation Satellite System (GNSS) positioning technology with Raven’s comprehensive line of precision agriculture products. Such an alliance will not only drive new growth opportunities for both companies but also benefit customers by driving efficiencies in their agricultural operations.
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| Posted: 23 Mar 2011 11:25 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) was recently awarded a four-year contract by United Utilities, one of the United Kingdom’s largest water companies, for the provision of AMP5 topographical and utility surveying services.
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| Juniper Unveils Mobile Solution Posted: 23 Mar 2011 11:25 AM PDT Juniper Networks Inc. (NASDAQ:JNPR) recently introduced its TCA Series Timing Appliance portfolio, which will provide precision timing and synchronization for time-sensitive applications. The portfolio will provide sub-microsecond time and phase accuracy to mobile networks.
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| Posted: 23 Mar 2011 11:25 AM PDT We upgrade our recommendation on Hanger Orthopedic (NYSE:HGR) to Outperform based on our assessment of the company's forecast-beating fourth-quarter fiscal 2010 results and increased visibility on its business prospects. Earnings for the quarter topped the Zacks Consensus Estimate. Healthy contributions from the company's patient-care and distribution businesses as well as acquisitions fueled by double-digit growth in revenues, helped beat the forecast.
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| Posted: 23 Mar 2011 11:25 AM PDT Pipeline operators MarkWest Energy Partners LP (NYSE:MWE) and Sunoco Logistics Partners L.P. (NYSE:SXL) have decided to expand their ethane pipeline project. The companies – which teamed up in June last to build the 'Mariner' distribution system to transport ethane produced in the Marcellus Shale Basin to markets along the Gulf Coast – will now extend their partnership to allow for transportation of the gas to Canada.
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| Forex – AUD/USD Up In U.S. Trade Posted: 23 Mar 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday. AUD/USD was trading at 1.0138, up 0.35% at time of writing. The pair was likely to find support at 0.9827, Thursday's low, and resistance at 1.0144, today's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.85% to hit 1.3933 and AUD/JPY rising 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDCHF Banging Against 38.2% Retracement Posted: 23 Mar 2011 11:14 AM PDT The USDCHF is back testing the 90.84 level after failing on a break lower earlier today. That gave traders confidence to buy and the move through the 100 hour MA (blue line in the chart above) was what was needed to continue the trend higher to the 0.9084 level.
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| Earnings Preview: Red Hat Inc. Posted: 23 Mar 2011 11:05 AM PDT A leading open source solution provider, Red Hat Inc. (NYSE:RHT) is scheduled to release its fourth quarter and fiscal year 2011 results on March 23, 2011, after the market closes.
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| Posted: 23 Mar 2011 11:05 AM PDT Industrial gas company Air Products & Chemicals Inc. (NYSE:APD) announced that it will launch its new product, Deposilk Q1 Polymer at In Cosmetics in Milan, Italy, on March 29.
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| Higher Dividend From Fifth Third Posted: 23 Mar 2011 11:05 AM PDT Fifth Third Bancorp's (NASDAQ:FITB) board of directors increased the cash dividend to 6 cents per share on its common stock. First quarter 2011 cash dividend of 6 cents represents an increase of 5 cents from Fifth Third’s previous quarterly dividend of 1 cent, an increase of 500%. The increased dividend will be payable on April 21,to shareholders of record as of April 1.
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| Foster Wheeler Wins Contract In Mexico Posted: 23 Mar 2011 11:05 AM PDT Foster Wheeler AG 's (NASDAQ:FWLT) Global Engineering and Construction Group has won a design engineering contract from Enbridge Offshore Facilities, LLC for deepwater Walker Ridge Gathering Sy stem export gas pipelines and the deepwater Big Foot export oil pipeline located in the Walker Ridge area of the Gulf of Mexico.
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| Sonic Lags, Gains Annually On Comps Posted: 23 Mar 2011 11:05 AM PDT Sonic Corp. (NASDAQ:SONC), the drive-in fast food chain, reported second quarter fiscal 2011 adjusted earnings of 2 cents per share, which missed the Zacks Consensus Estimate by a penny. In the prior-year quarter, Sonic reported a loss of 1 cent per share. The improvement in results was aided by positive comparable store sales, driven by strategic initiatives and strengthening economy.
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| Gold Rises, Silver On Pace To Close At Another Record High Posted: 23 Mar 2011 11:00 AM PDT 03/23/11 Growing conflict in the Middle East has paved the way for investors to seek out safer-haven assets. This has turned into yet another session of gains for gold and silver prices, trading at multi-decade … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 0.35% Posted: 23 Mar 2011 10:55 AM PDT Forex Pros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 0.35%, London's FTSE 100 gained 0.58%, France's CAC 40 climbed 0.54% and the EURO STOXX 50 was up 0.40%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.49%; the S&P 500 index gained 0.15%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bearish Signals Appear In Japan ETF Options Posted: 23 Mar 2011 10:49 AM PDT Bearish signals appear in Japan ETF options
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| Posted: 23 Mar 2011 10:35 AM PDT Yesterday, Discover Financial Services (NYSE:DFS) reported fiscal first quarter earnings of $465 million or 85 cents per share, dramatically ahead of the Zacks Consensus Estimate of 52 cents. The prior-year quarter posted a net loss of $104 million or 19 cents per share.
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| Posted: 23 Mar 2011 10:35 AM PDT Dell Inc. (NASDAQ:DELL) is exploring new avenues for growth, and has recently turned its focus on the Indian market. The company already has 23,000 employees in India, and is in the process of increasing its headcount by another thousand over the next year or so.
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| Posted: 23 Mar 2011 10:35 AM PDT Following an aggressive strategy, Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently revealed that it is enhancing its pre-announced senior notes offering to $1.0 billion from $750.0 million.
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| Posted: 23 Mar 2011 10:35 AM PDT Just about a month after NYSE Euronext Inc. (NYSE:NYX) and Deutsche Boerse AG announced to merge in a $25 billion deal, yesterday the European Union (EU) Commission in Brussels elucidated on the delay of the deal, on grounds of regulatory hurdles that the deal is going to face in the process of an intense reviewing.
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| J2 Global Facing Legal Challenge Posted: 23 Mar 2011 10:35 AM PDT j2 Global Communications Inc. (NASDAQ:JCOM), a leading unified messaging and electronics fax service provider, recently received a legal notice for infringement of patent from EasyLink Services International Corp. (NASDAQ:ESIC). EasyLink complained that j2 Global infringes two of its patent related to Facsimile Form Generation System and Autonomous Multi-Function Peripheral Device-based document communications systems and methods.
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| Wells Fargo Sells 10-Year Notes Posted: 23 Mar 2011 10:05 AM PDT Following last week's declaration of special first-quarter 2011 dividend and an additional share repurchase, Wells Fargo & Company (NYSE:WFC) sold 10-year notes in dollars for the first time since 2007.
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| Posted: 23 Mar 2011 10:05 AM PDT The leading manufacturer of natural and organic products, The Hain Celestial Group Inc. (NASDAQ:HAIN), in an effort to enhance its product portfolio, introduced 50 new and improved products at the Natural Products Expo West in the natural and organic food category as well as natural personal care products category.
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| Posted: 23 Mar 2011 10:05 AM PDT New Home Sales in February fell by 16.9% from January to a dismal rate of 250,000. Relative to a year ago, sales are down 28.0%. In a very faint silver lining to an otherwise dismal report, the January rate was revised up to 301,000 from 284,000. Thus relative to where we thought we were, it could be seen as a 12.0% decline. The level was substantially worse than the expected rate of 288,000. The ten lowest months on record (back to 1963) for New Home Sales have all been in the last ten … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| MT’s New Revolving Credit Facility Posted: 23 Mar 2011 10:05 AM PDT Steel giant, ArcelorMittal (NYSE:MT) signed a $6 billion Revolving Credit Facility to replace the €5 billion Revolving Credit Facility under its existing €17 billion Credit Facility Agreement dated November 30, 2006.
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| Posted: 23 Mar 2011 05:00 AM PDT 03/23/11 Front month crude prices rallied above $106 today despite a rise in inventories, as investors were more focused on continued conflict in the Middle … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Anadarko Signs JV With Korea NOC Posted: 23 Mar 2011 09:25 AM PDT U.S. independent oil producer Anadarko Petroleum Corporation (NYSE:APC) has entered a joint-venture agreement with Korea National Oil Corporation (KNOC) worth $1.55 billion. The effective date of the deal is January 1, 2011.
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| Posted: 23 Mar 2011 09:25 AM PDT General Mills (NYSE:GIS) reported results for the third quarter of fiscal 2011. For the quarter, adjusted earnings increased 14% to 56 cents a share compared with 49 cents in the year-ago period. The quarterly EPS was in line with the Zacks Consensus Estimate.
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| Liberty Global Solidifies Foothold Posted: 23 Mar 2011 09:25 AM PDT Liberty Global Inc. (NASDAQ:LBTYA), a leading cable operator in Europe, Latin America, and Australia, recently consolidated its footprint in its core European market. The company has won the auction and purchased Kabel Baden-Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany, for approximately $4.5 billion. The deal is expected to be closed in the second half of 2011.
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| Dallas Fed Speech Offsets Bond Gains – Yields Mixed Posted: 23 Mar 2011 09:10 AM PDT A rollback of some of the recent relief in response to the efforts by Japanese engineers to restore power to the crippled nuclear-power plant created pressure on equities and drove government bonds higher on Wednesday. It appears that investors are having something of a rethink in the aftermath of the drastic events that left more than 9,000 people dead. News that tap water in Tokyo is unsafe for infants and that there is unlikely to be a v-shaped recovery for the local economy unwound some of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Turkey Central Bank Holds Rate At 6.25% Posted: 23 Mar 2011 09:09 AM PDT The Central Bank of the Republic of Turkey held its key policy rate, the 1-week repo rate, at 6.25%. The Bank also held the borrowing rate unchanged at 1.50%, lending rate at 9.00% and the interest rate on borrowing facilities provided for primary dealers via repo transactions at 8.00%. The Bank raised the required reserve ratio for banks by 300 basis points to 15% from 12%. Turkey reported inflation of 4.16% in February, down from 4.9% in January; the Bank expects inflation to sit at about 5% … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Mar 2011 09:05 AM PDT We are upgrading our long-term recommendation on France Telecom (NYSE:FTE) to Neutral from Underperform on its strong outlook. The company retains the Zacks # 3 (Hold) Rank for the short term (1–3 moths).
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| Posted: 23 Mar 2011 09:05 AM PDT We are upgrading our long-term recommendation on France Telecom (NYSE:FTE) to Neutral from Underperform on its strong outlook. The company retains the Zacks # 3 (Hold) Rank for the short term (1–3 moths).
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| Newfield To Buy Oil-rich Assets Posted: 23 Mar 2011 09:05 AM PDT Newfield Exploration Company (NYSE:NFX) entered into a deal with Harvest Natural Resources (NYSE:HNR) to acquire U.S. oil and gas assets in the liquid-rich Uinta basin of Utah. Newfield has agreed to acquire 70,000 acres in the Uinta basin from Harvest and an unnamed private company for a total consideration of $308 million.
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| Newfield To Buy Oil-rich Assets Posted: 23 Mar 2011 09:05 AM PDT Newfield Exploration Company (NYSE:NFX) entered into a deal with Harvest Natural Resources (NYSE:HNR) to acquire U.S. oil and gas assets in the liquid-rich Uinta basin of Utah. Newfield has agreed to acquire 70,000 acres in the Uinta basin from Harvest and an unnamed private company for a total consideration of $308 million.
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| BJ’s A Possible Acquisition Target Posted: 23 Mar 2011 09:05 AM PDT According to Bloomberg, Leonard Green & Partners in a strategic move is considering to acquire BJ’s Wholesale Club Inc. (NYSE:BJ).
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| Forex – Dollar Broadly Higher Vs. Rivals, Euro, Pound Slump Posted: 23 Mar 2011 09:00 AM PDT Forex Pros – The U.S. dollar was up against the euro and the pound on Wednesday, as concerns over euro zone sovereign debt hurt the single currency while lower growth forecasts and dovish Bank of England meeting minutes weighed on the pound. During U.S. morning trade, the greenback was up against the euro, with EUR/USD shedding 0.53% to hit 1.4120. The fate of Portugal's minority government was hinging on a vote on austerity measures later in the day, fanning fears that the country would … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Finds Sellers Against The 100 Hour MA Posted: 23 Mar 2011 08:47 AM PDT Nope. No go for the bulls.
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| Forex – GBP/USD Hits 2-day Low After U.K. Budget, BoE Minutes Posted: 23 Mar 2011 08:45 AM PDT Forex Pros – The pound was trading close to a two-day low against the U.S. dollar on Wednesday, after the U.K. government revised down its economic growth forecast for 2011and said inflation would remain above target next year. GBP/USD hit 1.6220 during U.S. morning trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.6246, shedding 0.71%. Cable was likely to find support at 1.6059, the low of March 18 and resistance at 1.6400, Tuesday's high and a 14-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Buying The Dip: Good Idea, Fraught With Consequences Posted: 23 Mar 2011 08:32 AM PDT Our indicator constructed from the trends in the CRB Index, gold, and yields on the 10 year Treasury has come off of the extreme readings seen several weeks ago, and within the context of a trend following strategy that I have detailed here, here, and here, this represents a buy signal for the SP500. In essence, with prices on the SP500 above its 40 week moving average and our indicator not in the extreme zone, prices should move higher. In other words, this is a good time to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Trims Losses, Retreats From 3-day Low Posted: 23 Mar 2011 08:29 AM PDT Forex Pros – The euro trimmed losses against the U.S. dollar on Wednesday, retreating from a three-day low after a sharp decrease in U.S. new homes sales in February underlined divergent euro zone and U.S. interest rate expectations. EUR/USD clawed back up from 1.4106, the pair's lowest since Friday, to hit 1.4151 during early U.S. trade, shedding 0.41%. The pair was likely to find support at 1.3979, last Friday's low and resistance at 1.4247, Tuesday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Mar 2011 08:25 AM PDT Fred's Inc. (NASDAQ:FRED) is scheduled to report its fourth-quarter and full year 2010 financial results on March 24, 2011. Currently, for the fourth quarter, the Zacks Consensus Estimates are 21 cents per share in earnings and $487 million in revenue. For full year 2010, earnings are expected to be 75 cents per share on revenue of $1,843 million.
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| Posted: 23 Mar 2011 08:25 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently signed a 5-year deal with the health care division of Nevada Department of Health and Human Services. Per the terms of the deal, HP will receive a sum of $176.0 million.
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| 6th Edition Of Mankiw: Tiger’s Out, Tom Brady’s In Posted: 23 Mar 2011 08:22 AM PDT In the new 6th edition of Greg Mankiw’s economics textbook, Tiger Woods has been replaced with Tom Brady for the section above on opportunity cost titled: “Should Tiger Woods Mow His Own Lawn?” Here’s an ABC News report and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Mar 2011 08:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 23 Mar 2011 08:19 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Oil’s Bullish Bias Reasserts Itself Posted: 23 Mar 2011 08:18 AM PDT Today’s Idea
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| Another Acquisition For Merck KGaA Posted: 23 Mar 2011 08:05 AM PDT Merck KGaA (MKGAF) recently entered an agreement to acquire the microbiology unit of a German company, Biotest AG. The microbiology segment, which recorded sales of about €50 million in 2010, consists of the heipha Dr. Müller GmbH and the Hycon business. Apart from a presence in Germany, Biotest's microbiology unit has subsidiaries in France, Japan and the United States.
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| Risk Aversion Dominates Forex Markets Posted: 23 Mar 2011 08:00 AM PDT 03/23/11 Risk aversion took control of the forex markets today following weak global economic … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Word From The Floor: Global Tensions Add To Risk Aversion Posted: 23 Mar 2011 02:54 AM PDT 03/23/11 US stocks extended losses as global concerns from Japan, the MENA and Jersusalem weighed on market … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Tests Intraday Resistance Posted: 23 Mar 2011 07:39 AM PDT The EURUSD has also moved back higher. The weaker housing data put a damper on the dollar bullishness it seems. The price has moved up to test the midpoint of the days range and the 100 bar MA on the 5 minute chart. The price has also moved back above the 100 hour moving average at 1.4147, but that move was shortlived and the price is now back below this level.
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| Made On Earth: Global Output And Trade Both Reach New Record All-Time High Levels In January Posted: 23 Mar 2011 07:39 AM PDT In post titled “Made on Earth,” Don Boudreaux links to a FT.com editorial “Manufacturing is All Over the Place,” here’s a key point: “The challenge for economists is even more profound. In the old days, they typically measured the output of an economy by watching where goods were "made"; but which country should claim the "value" for an iPhone (or an Italian suit or an American Girl doll)? Where does the real "output" come, in a world where companies can shift profits … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: GBPUSD Starts Corrective Move Posted: 23 Mar 2011 07:31 AM PDT The GBPUSD moved above the channel trendline signalling a corrective wave back higher after the trend move for most of the London session. Support is now down to 1.6238 where the trendline from the move up from the March 16th low comes in currently. The target above comes in at the 38.2% of the days range at the 1.6280. I would expect to see sellers on a test of this level on the first go round. A break above targets the 1.6300 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| General Mills Serves Up A Fiscal 3Q Net Income Gain Posted: 23 Mar 2011 02:30 AM PDT 03/23/11 General Mills Incorporated attributed strong snack sales and international growth to a fiscal 3Q net income … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CAD Hits 2-day High Amid Global Uncertainty Posted: 23 Mar 2011 07:30 AM PDT Forex Pros – The Canadian dollar slipped to a two-day low against its U.S. counterpart on Wednesday, as concerns over the outlook for the global economic recovery as well as fears over Japan's nuclear crisis and volatility in the Middle East weighed. USD/CAD hit 0.9843 during early U.S. trade, the pair's highest since Monday; the pair subsequently consolidated at 0.9830, gaining 0.20%. The pair was likely to find support at 0.9746, Tuesday's low and resistance at 0.9938, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Worries Abound As Euphoria Dries Up Posted: 23 Mar 2011 07:12 AM PDT There’s a more somber mood brewing midweek with most of the ebullience felt at the start of the week wearing thin. Crude oil prices back at $105 per barrel remind investors that all is not well in North Africa or the increasingly unstable Middle East. The Bank of England warned that sharp increases in fuel costs might sour demand causing a further economic slowdown. News from Japan turned cautious as workers struggle to restore power to the crippled nuclear plants while possibly contaminated … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Lincat Group Shares Surge On Takeover Offer From Middleby Posted: 23 Mar 2011 02:39 AM PDT Shares in Lincat (LON:LCT) surged this morning on news that the AIM listed foodservice group was set to recommend a 1,050 pence per share takeover offer from Middleby Corporation (NASDAQ:MIDD). The cash offer values Lincat at approximately £58 million and represents a 37.7% premium to the company's closing price of 762.5 pence yesterday. The Lincat share price rose by 34.4% to 1,025 pence during the morning. The shares started 2011 at 632p and after a sharp incline have remained above 750p since … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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