Monday, April 4, 2011

DailyMarkets.com - Cartel Nation: Barriers To Entry Stunt Job Growth

DailyMarkets.com - Cartel Nation: Barriers To Entry Stunt Job Growth

Cartel Nation: Barriers To Entry Stunt Job Growth

Posted: 04 Apr 2011 05:47 PM PDT

“Consider this fact: In the 1950s, only 1 in 20 American workers needed the government’s permission to work; today, that figure is nearly 1 in 3. So much for the Land of Opportunity.”

~Chip Mellor, President of the Institute for Justice in Forbes.com

HT: Instapundit via … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/JPY Up During The Asian Session

Posted: 04 Apr 2011 05:45 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 135.93, up 0.24% at time of writing.<br/><br/> The pair was likely to find support at 132.49, Thursday&rsquo;s low, and resistance at 136.13, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.03% to hit 1.6126 and EUR/GBP falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In Asian Trade

Posted: 04 Apr 2011 05:05 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4215, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4062, Friday&rsquo;s low, and resistance at 1.4268, Monday&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 0.8817 and EUR/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Moment Of Vindication

Posted: 04 Apr 2011 04:41 PM PDT

I feel more than a little vindicated.
On July 30, 2007, I wrote a post, “Delusions, Deceptions, and Distortions,” which was one of many where I warned readers about the BS they were being fed — and were going to be fed — by those in charge.
One obstacle the average man (or woman) will face while trying to keep tabs on the coming unraveling is the gusher of delusions, deceptions, and distortions that Wall Street and Washington will be constantly spewing out through various channels.
The truth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Commodities Up On Strength Of Emerging Markets

Posted: 04 Apr 2011 04:18 PM PDT

Cusick’s Corner
The market looked strong on the open but with no headlines or data to pull it along, the market stands at breakeven this Midday. Commodities continue to roll up on the strength of the Emerging Markets — BRIC countries specifically. Hopefully you did your homework this weekend and took a look at this segment and you strategized on some ideas, whether in Food and Ags, FUD, or the Emerging Markets themselves, EEM. Tech is out of favor, specifically Semis, SMH/SOXX, potentially … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Semiconductors Get Lift

Posted: 04 Apr 2011 04:18 PM PDT

Cusick’s Corner
With the buck easing and the Bonds holding and coming off the worst levels of the day, equities had enough to stay breakeven. Yields need to continue to outpace the bounce in the greenback otherwise the equities could start to get a little nervous. This may be the time to start looking at some of the names in your portfolio and get ready for earnings that will be hitting in the next month. That way if there’s some stress building into the event, you will have already prepared a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade

Posted: 04 Apr 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.13, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 82.42, Wednesday&rsquo;s low, and resistance at 84.73, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.08% to hit 1.4231 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IGT Displays New Games

Posted: 04 Apr 2011 04:05 PM PDT

A leading designer, developer and manufacturer of gaming machines and systems products, including online and mobile gaming solutions, International Game Technology (NYSE:IGT) will showcase its latest upcoming games and systems at the Indian Gaming 2011 Tradeshow and Convention from April 3 to 6 in Phoenix, Arizona.
IGT will exhibit a number of games from the MegaJackpot and Core game product lines in the show. This includes the second edition of IGT's popular slot machine game Sex and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Wet Seal

Posted: 04 Apr 2011 03:55 PM PDT

On March 25, 2011, specialty retailer Wet Seal Inc. (NASDAQ:WTSLA) announced its financial results for the fourth-quarter and year-end 2010.
Street analysts had more than a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock.
Earnings Review
The company reported earnings of 7 cents a share which surpassed the Zacks Consensus Estimate of 4 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TiVo Reports Database Compromise

Posted: 04 Apr 2011 03:55 PM PDT

A developer of advanced television services including digital video recorders (DVR), TiVo Inc. (NASDAQ:TIVO), announced that its third-party marketing vendor, Epsilon has been impacted by a massive security breach.
TiVo has warned its customers not to provide any personal information to anyone sending e-mail using the company's name.
According to TiVo, Epsilon's database including e-mail addresses of some TiVo customers was hacked by an unauthorised person.
TiVo employs the marketing services of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southwest Airlines Cancels Flights For Inspections

Posted: 04 Apr 2011 03:55 PM PDT

04/04/11 Southwest Airlines canceled flights and also grounded some of its Boeing 737-300 aircrafts, for additional inspections. Engineers discovered cracks in three more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ITT, Nexa To Fund ATC Upgrades

Posted: 04 Apr 2011 03:35 PM PDT

ITT Corp (NYSE:ITT) and private equity firm Nexa Capital Partners LLC are expected to announce a plan for a loan-guarantee fund worth more than $1.5 billion to help upgrade the U.S. air-traffic control system.
ITT and Nexa will utilize around $150 million in federal loan guarantees to establish a larger fund to pay for installing upgraded equipment on U.S. airlines.
The effort would help airlines fund a piece of an initiative taken by the Federal Aviation Administration to create a satellite-based … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Apache To Set Up Refueling Unit

Posted: 04 Apr 2011 03:35 PM PDT

Leading independent energy company Apache Corporation (NYSE:APA) announced plans to construct a compressed natural gas (CNG) refueling station at Bush Intercontinental Airport in Houston. The unit, which is expected to come online in 60–90 days, will be utilized for the ecopark fleet of buses carrying passengers to and from the city’s economy parking areas.
Management commented that the CNG station will not only lead to a cleaner and healthier Houston but will also be cost-effective for the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Noble Halts Drilling At Leviathan

Posted: 04 Apr 2011 03:35 PM PDT

Noble Energy Inc. (NYSE:NBL) said it has temporarily stopped drilling at its Leviathan #1 location, offshore Israel, due to a wear on the wellbore casing. Noble said the oil drilling at the well will be suspended until it secures the required material and equipment to complete the work. The company was performing tests for the deeper potential in the well.
In the meantime, Noble Energy plans to move the Sedco Express rig to work upon the development drilling at the Tamar field. Drilling at the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Goldman Doubles CEO Package

Posted: 04 Apr 2011 03:35 PM PDT

Goldman Sachs Group Inc.'s (NYSE:GS) Chairman and Chief Executive Officer (CEO) Mr. Lloyd C. Blankfein's total compensation, including a cash bonus, had been raised to $19 million in 2010, according to a regulatory filing on Friday.
Blankfein's pay package includes salary of $600,000, a cash bonus of $5.4 million and stock awards of $7.65 million for 2010. He has also received $464,067 worth other benefits, including $185,110 for the car, $62,020 for medical and dental coverage and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down In Asian Trade

Posted: 04 Apr 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7678, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.7548, Wednesday&rsquo;s low, and resistance at 0.7704, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.10% to hit 1.3503 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Top Trade Ideas For Tuesday April 05

Posted: 04 Apr 2011 03:23 PM PDT

  ( click to enlarge ) 

Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) has made an awesome move today. The stock hit new highs of $8.56, which is resistance for the follow through move on Tuesday. If MPEL can break through highs, we should see another high volume move as the stock moves higher. Keep it on your radar.

  ( click to enlarge )  

Lululemon Athletica inc. (NASDAQ:LULU) had another strong move today, as the stock set new 52-week highs. The stock hit a high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: ISM Non-manufacturing Index, FOMC Minutes, RBA Rate Decision

Posted: 04 Apr 2011 10:20 AM PDT

04/04/11 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

Lockheed Gets Navy Contract

Posted: 04 Apr 2011 03:06 PM PDT

Lockheed Martin Corporation (NYSE:LMT) has received a $5.4 million contract from the U.S. Navy to design and deliver second-generation anti-submarine training targets.
The targets, known as MK39 Expendable Mobile Anti-submarine Warfare Training Targets, or EMATTs, are used by air and surface crews for unrestricted, open-ocean and on-range anti-submarine warfare training. Designed to simulate the movements and sounds of diesel submarines, EMATTs help crews maintain their critical anti-submarine … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jacobs Teams With U.S. Air Force

Posted: 04 Apr 2011 03:06 PM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) recently received a follow-on contract from the U.S. Air Force for a potential value of approximately $87 million. The effective date was April 1, 2011, with a tenure of five years, including a three-year basic period of performance and one two-year award option.
Under the contract, the company will provide research operations and support services to the U.S. Air Force Research Laboratory (AFRL) at Edwards Air Force Base (AFB), Calif.  Jacobs is a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: KB Home

Posted: 04 Apr 2011 03:05 PM PDT

KB Home (NYSE:KBH) announced that it would release its results for the first quarter of fiscal 2011 before the market opens on April 05, 2011. Los Angeles-based KB Home earned a profit of 24 cents in the fourth quarter, comprehensively beating the Zacks Consensus Estimate of a loss of 16 cents.
In the upcoming quarter, the Zacks Consensus Estimate for KB Home is pegged at a loss of 27 cents per share, reflecting an annualized decline of 61%. The downside potential of the estimate, essentially a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GameStop Keeps Neutral Rec

Posted: 04 Apr 2011 03:05 PM PDT

GameStop Corporation (NYSE:GME) is well positioned to take advantage of the growing market for video game products and PC entertainment software. The company's strategy is to grow through store expansions in favorable localities, by providing the largest title collection of video games, and by leveraging its first-to-market distribution network to offer the latest hardware and software releases.
The company holds a significant position in the used video game products market. GameStop provides a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Enzon Still At Neutral

Posted: 04 Apr 2011 02:25 PM PDT

We have maintained our Neutral recommendation on Enzon Pharmaceuticals, Inc. (NASDAQ:ENZN) with a target price of $12.00 after announcement of fourth quarter and full year 2010 results.
Enzon Pharmaceuticals' fourth quarter 2010 net loss of 14 cents per share (excluding special items) was wider than the Zacks Consensus Estimate, which indicated a loss of 8 cents. The loss, however, compared favorably with a loss of 21 cents suffered in the year-ago quarter.  On a reported basis (including … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Capital One To Bid For ING Direct?

Posted: 04 Apr 2011 02:25 PM PDT

On Sunday, Bloomberg reported that Capital One Financial Corp. (NYSE:COF) is one of the few firms that are interested in buying ING Direct USA. ING Direct USA is the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING).
Apart from Capital One, ING has been in talks with several other companies and is looking to either sell ING Direct or merge it with a lending firm. Other companies that are in fray include SJB National Bank, General Electric Co. (NYSE:GE) and CIT Group Inc. (NYSE:CIT).
Earlier, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Venture For LBTYA Moves On

Posted: 04 Apr 2011 02:25 PM PDT

Liberty Global Inc. (NASDAQ:LBTYA), a leading cable operator in Europe, Latin America, and Australia, is all set to further consolidate its foothold in the core European market. Recently, Financial Times reported that the company may bid for Ziggo, the market leading cable operator in The Netherlands.
Ziggo, which is currently owned by private equity firms Cinven and Warburg Pincus, is considering its initial public offer. Several industry researchers estimated that Ziggo could be valued at around … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: TXN, NSM, PFE, GOOG

Posted: 04 Apr 2011 02:15 PM PDT

04/04/11 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

Nordstrom Enhances Dividend

Posted: 04 Apr 2011 02:05 PM PDT

Nordstrom Inc. (NYSE:JWN) followed Dillard’s Inc. (NYSE:DDS) recently-announced share repurchase program of $250.0 million, by enhancing its dividend yield to employ its free cash to enhance shareholder returns, thus boosting investor confidence in the stock.
Nordstrom, the leading fashion specialty retailer in the United States, recently raised its quarterly dividend by 15% to 23 cents a share from 20 cents in the previous quarter. Dividend has been raised five times since June 2005, after the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Isis Pharma Remains Neutral

Posted: 04 Apr 2011 02:05 PM PDT

We recently reiterated a Neutral recommendation (Zacks #3 Rank – short-term "Hold" rating) on Isis Pharmaceuticals (NASDAQ:ISIS). Isis Pharma is a drug discovery and development company that focuses on the development of products using ribonucleic acid (RNA)-based technologies, such as antisense.
The company discovers new drugs and out-licenses them to partners for license fees, milestone payments and royalties. Isis Pharma has partnership agreements with leading pharmaceuticals companies like … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 04 Apr 2011 01:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4220, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.4053, Wednesday&rsquo;s low, and resistance at 1.4268, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8815 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

CryoLife To Acquire Cardiogenesis

Posted: 04 Apr 2011 01:40 PM PDT

Medical devices and tissue processing company CryoLife (NYSE:CRY) and surgical items maker Cardiogenesis Corporation recently announced that their boards have approved a definitive agreement whereby CryoLife will acquire all outstanding shares of Cardiogenesis for $0.457 per share.  
The cash deal values Cardiogenesis at about $22 million, net of cash and liabilities. The price stands at a premium of 43% to Cardiogenesis' closing price on March 28, 2011. The deal is expected in the form of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 04 Apr 2011 01:40 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 84.02, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 82.42, Wednesday&rsquo;s low, and resistance at 84.73, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.10% to hit 1.4220 and GBP/USD rising 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MIT’s BPP Monthly Inflation Rate Has Been Falling

Posted: 04 Apr 2011 01:39 PM PDT

I’m not sure what’s going on here, or if this means anything, but the monthly inflation measure from the MIT Billion Prices Project has been falling steadily since mid-February, see chart above.  From the recent peak of 0.82% on February 18, the monthly BPP inflation rate has fallen almost in half, to 0.48% as of April 3, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Americans Buying Smaller Cars

Posted: 04 Apr 2011 01:36 PM PDT

U.S. recorded a 12% rise in light vehicle sales to a seasonally adjusted annual rate (SAAR) of 13.1 million units in March, driven by an improvement in the employment rate.
Rising employment rate infused confidence in the buyers, especially young ones, to rush into first-time car purchases. As many as 216,000 jobs were added during the month, bringing the unemployment rate to a 2-year low of 8.8%.
Soaring gas prices influenced buyers to buy small and fuel efficient vehicles during the month. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 04 Apr 2011 01:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4218, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 1.4053, Wednesday&rsquo;s low, and resistance at 1.4268, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8816 and EUR/JPY falling 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Up 0.19%

Posted: 04 Apr 2011 01:10 PM PDT

Forex Pros – U.S. stocks were mixed after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.19%, the S&P 500 index gained 0.03%, while the Nasdaq 100 index declined 0.36%.<br/><br/> Meanwhile, across the Atlantic, European stock markets were mixed at close. France&rsquo;s CAC 40 was down 0.29%; Germany&rsquo;s DAX shed 0.06%; Britain&rsquo;s FTSE 100 climbed 0.12%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cancer Study To Continue At SPPI

Posted: 04 Apr 2011 12:55 PM PDT

Recently, Spectrum Pharmaceuticals Inc. (NASDAQ:SPPI) announced that it will continue evaluating its cancer candidate belinostat based on the recommendation of the independent Data Monitoring Committee (DMC).
Spectrum Pharma is currently studying belinostat for treating patients suffering from relapsed or refractory peripheral T-Cell lymphoma (PTCL) in a phase II pivotal trial (BELIEF). Spectrum Pharma is evaluating belinostat as a monotherapy in the study. The committee conducted a safety and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

ETP Completes Public Offering

Posted: 04 Apr 2011 12:55 PM PDT

Energy Transfer Partners L.P. (ETP) announced the closure of its previously announced public offering. The firm priced the public offering of 14,202,500 common units at $50.52 apiece, including a fully exercised over-allotment option for 1,852,500 units.
The natural gas and propane gas master limited partnership (MLP) plans to use the net proceeds from this offering – approximately $717.5 million – to pay back outstanding debt under its revolving credit facility, to finance capital … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session

Posted: 04 Apr 2011 12:45 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6127, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.5973, Friday&rsquo;s low, and resistance at 1.6177, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8817 and GBP/JPY rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Big Jump In U.S. Rig Count

Posted: 04 Apr 2011 12:35 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

PPL Completes U.K. Acquisition

Posted: 04 Apr 2011 12:35 PM PDT

Allentown, Pennsylvania-based PPL Corporation (NYSE:PPL) has successfully closed its previously announced acquisition of E.ON AG's electricity distribution business, the Central Networks. PPL Corp. bought Central Networks, the second-largest such business in the United Kingdom, for GBP 3.6 billion ($5.7 billion) in cash and GBP 500 million ($800 million) in debt.
PPL Corp. financed a portion of the transaction using committed acquisition financing under a syndicated bridge facility arranged by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DENTSPLY Beefs Up Buybacks

Posted: 04 Apr 2011 12:10 PM PDT

The Board of leading dental products maker DENTSPLY International (NASDAQ:XRAY) recently increased the company's authorization to buy back shares under its stock repurchase program. Under this authorization, the company may now repurchase up to 34 million shares in the open market or in negotiated transactions, representing an increase of 12 million shares in the repurchase authorization.
Earlier, DENTSPLY had an authorization to buy back up to 22 million shares of treasury stock under its share … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In U.S. Trade

Posted: 04 Apr 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9676, up 0.46% at time of writing.<br/><br/> The pair was likely to find support at 0.9616, today&rsquo;s low, and resistance at 0.9754, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.12% to hit 1.4218 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why We Must Raise Taxes On The Rich

Posted: 04 Apr 2011 12:07 PM PDT

It's tax time. It's also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.
Here's the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.
Even if we got rid of corporate welfare subsidies for big oil, big … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Cancer Data On CTIC Candidate

Posted: 04 Apr 2011 12:05 PM PDT

Recently, Cell Therapeutics, Inc. (CTIC) announced that data from a phase I/II study which evaluated its cancer candidate pixantrone as a combination therapy was published in a medical journal, Leukemia & Lymphoma.
The early-stage study evaluated the impact of pixantrone, in combination with cyclophosphamide, vincristine, and prednisone (CPOP regimen) for treating patients suffering from aggressive non-Hodgkin’s lymphoma (NHL). Before being evaluated under the CPOP regimen, the patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Steel Improves Tubular Pipes

Posted: 04 Apr 2011 12:05 PM PDT

U.S. Steel Corporation (NYSE:X) announced that its tubular products subsidiary, U. S. Steel Tubular Products, Inc., has entered into an agreement with Surface Enhancement Technologies (SET), part of Lambda Technologies Group to improve the quality of its tubular steel products.
With this agreement U.S. Steel has been bestowed exclusive permit by SET to use its patented low-plasticity burnishing (LPB) technology, which can both improve the performance and extend the service life of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 04 Apr 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4211, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.4053, Wednesday&rsquo;s low, and resistance at 1.4268, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8815 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quick Checking Market Internals For April 4th

Posted: 04 Apr 2011 11:38 AM PDT

What do current market internals say about the stock market as we teeter at new recovery highs?
Let's take a quick look at the current multi-day structure and signals:

Don't panic when you see this chart – let's take it step-by-step.
First, we see the S&P 500 Index and the current stair-step rally from the March 16th low.
Under that, we have the "Big 3″ Market Internals that serve as Confirmation/Non-Confirmation:
NYSE Breadth (Number of Advancing Stocks minus Declining Stocks … [visit site to read more] or compare Best Credit Cards and Best CD Rates

First Horizon Sheds Insurance Unit

Posted: 04 Apr 2011 11:35 AM PDT

First Horizon National Corp. (NYSE:FHN) is shedding its Insurance unit. The company has announced its agreement to sell First Horizon Insurance Inc. to insurer Brown & Brown Inc. (NYSE:BRO), through its principal subsidiary First Tennessee Bank. The move comes as part of its effort to improve its focus on banking and capital markets.
The deal is expected to close later in this month and following which, First Horizon Insurance Group Inc. will operate under its new name Brown & Brown of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Kinross Invests In Ecuador Mine

Posted: 04 Apr 2011 11:35 AM PDT

Canadian Mining company Kinross Gold Corporation (NYSE:KGC) plans to invest $1.1 billion in its Fruita Del Norte project in Ecuador until 2016.  
The Fruita Del Norte Project is likely to produce 410,000 gold equivalent ounces on an average each year during its life. The life expectancy of the mine is about 16 years. According to Kinross, the project possesses proven and probable mineral reserves of estimated 6.8 million ounces of gold and 9.1 million ounces of silver.
Ecuador, which is an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Telcos Bicker, Lawyers Make Hay

Posted: 04 Apr 2011 11:35 AM PDT

The significant growth of telecommunications technologies has converted the field into a happy hunting ground for legal professionals. We have already seen how frequently mobile devices developers and network infrastructure solutions providers are suing each other for patent infringement.
Legal spat between video broadcasters and content developers over royalty fee has become very common that resulted in several channel blackouts on several broadcasters. A new set of litigation issues recently … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In U.S. Trade

Posted: 04 Apr 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0349, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 1.0270, Wednesday&rsquo;s low, and resistance at 1.0417, today&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.17% to hit 1.3729 and AUD/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Hovers At $108/bbl, Touching 30-month Highs

Posted: 04 Apr 2011 11:10 AM PDT

04/04/11 Crude oil futures traded at 2-1/2 year highs. Ongoing geopolitical unrest in the Middle East and Africa, as well as growth prospects on the heels of the US jobs report kept prices at the $108/bbl … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Netflix Renews Deal With Fox

Posted: 04 Apr 2011 11:05 AM PDT

Netflix Inc. (NASDAQ:NFLX) announced that it has renewed its multi-year non-exclusive digital distribution agreement with Twentieth Century Fox effective April 1, 2011. The deal enables Netflix to access Fox's content.
As per the renewed agreement, Netflix subscribers will be able to watch a wide range of shows from April 1, which includes the first season of "Glee," an Emmy award winning series, and another cult series called "Sons of Anarchy". For the latter, the first two seasons are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lilly’s Axiron Launched In The U.S.

Posted: 04 Apr 2011 11:05 AM PDT

Eli Lilly and Company (NYSE:LLY) recently announced the availability of Axiron in pharmacies across the US. Axiron gained approval from the US Food and Drug Administration (FDA) in November 2010 for use as a replacement therapy in men for certain conditions associated with testosterone deficiency or absence.
Axiron Rights Acquired in March 2010
Eli Lilly acquired exclusive worldwide rights from Australian company, Acrux, to commercialize Axiron in March 2010. Per the terms of the deal, Eli Lilly … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Watsco To Pay Hiked Dividend

Posted: 04 Apr 2011 11:05 AM PDT

As put forward during its fiscal 2010 earnings call, Watsco Inc. (NYSE:WSO) has declared to pay its hiked dividend of 57 cents on April 29, 2011, to stockholders of record as on April 15, 2011. Watsco has upped its quarterly dividend by 5 cents, which translates into a 10% increase from the prior dividend of 52 cents.
Dividends to shareholders in 2010 increased 16% to $66 million during the year. Fiscal 2010 marked Watsco's ninth consecutive year of  dividend increase. In February 2011, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Southern Union Completes Project

Posted: 04 Apr 2011 11:05 AM PDT

Southern Union Company (NYSE:SUG) announced the completion and commencement of service of the Florida Gas Transmission Company's (FGT) $2.48 billion Phase VIII Expansion project. The expansion increases the capacity of FGT's mainline facilities from the Mobile Bay, Alabama area to southern Florida.
The project also provides additional transportation service capacity throughout Florida to meet the state's rising energy demand. The FGT Phase VIII Expansion project included the construction of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down During The U.S. Session

Posted: 04 Apr 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7668, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 0.7548, Wednesday&rsquo;s low, and resistance at 0.7704, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.40% to hit 1.3492 and EUR/NZD falling 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dollar Closes Purpose Acquisition

Posted: 04 Apr 2011 10:40 AM PDT

Dollar Financial U.K. Ltd., which is a wholly owned U.K. subsidiary of Dollar Financial Corporation (NASDAQ:DLLR) has completed the acquisition of Purpose U.K. Holdings Limited for $195 million, which was announced on December 31, 2010.
Purpose U.K. Holdings is the parent company of Month End Money ("MEM"), which operates under the brand name PaydayUK since 2003 and provides online payday loans throughout the U.K.
The transaction was financed by a combination of existing cash and utilization of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Delta Sets Interest Rate On Loan

Posted: 04 Apr 2011 10:35 AM PDT

According to a Bloomberg report, Delta Air Lines (NYSE:DAL) has set an interest rate of 3.75-4.00 percentage points for its $2.6 billion in loan. Notably, the loan was taken a few days back to refinance debt.
The loan is divided in two parts, comprising $1.225 billion five-year revolving line of credit and $1.375 billion six-year term loan B. The company's interest rate is higher than LIBOR of approximately 1.25% of minimum interest rate that is expected to be levied on both parts of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

MPG Sells Non-Core Assets

Posted: 04 Apr 2011 10:35 AM PDT

MPG Office Trust Inc. (NYSE:MPG), a real estate investment trust (REIT), has recently sold a non-core asset as part of its strategic plan to own and manage a core set of assets and increase its liquidity. The company sold its 701 N. Brand office building in Glendale, California to the project's lender and largest tenant, California Credit Union – one of the largest credit unions in Southern California, with more than 70,000 members and nearly $1.3 billion in assets.
The asset sale has enabled … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strayer Education Upgraded

Posted: 04 Apr 2011 10:35 AM PDT

We recently, upgraded our recommendation on Strayer Education, Inc. (NASDAQ:STRA), a for-profit education company, to Neutral with a price target of $137.00. Earlier, we had an Underperform rating on the stock.
A rich legacy of more than 119 years coupled with a strong focus on working adults has enabled Strayer Education to establish a healthy position in the for-profit post-secondary education industry. The company has been consistently focusing on expanding educational programs, and is in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Qiagen Inks Deal With Cellestis

Posted: 04 Apr 2011 10:35 AM PDT

With the target to strengthen its position, Qiagen (NASDAQ:QGEN) has recently decided to acquire Australia based Cellestis Limited for $3.69 (A$3.55) per share in cash or a transaction value of approximately $355 million (A$341 million). With this acquisition, Quiagen is expected to get access to Cellestis' proprietary QuantiFERON technology, an innovative disease diagnostic tool.
This pre-molecular testing technology QuantiFERON has been commercialized by Cellestis with already marketed test and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Edwards Sapien On Way To Success

Posted: 04 Apr 2011 10:35 AM PDT

Recently, Edwards Lifesciences (NYSE:EW) presented positive data for its Cohort A of the PARTNER trial at the American College of Cardiology annual conference in New Orleans. 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. It was observed that the study achieved its primary endpoint after one year, indicating that survival of patients treated with Sapien was same as those … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“This Market Continues In An Upward Trend”

Posted: 04 Apr 2011 05:30 AM PDT

04/04 /11 Sunrise Securities’ Ben Willis discusses his forecast for Q2, including central bank interest rate decisions, crude oil and geopolitical … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Options Trader Eyes New Highs In Shares Of Teck Resources, Ltd.

Posted: 04 Apr 2011 10:29 AM PDT

Options trader eyes new highs in shares of Teck Resources, Ltd.
Today’s tickers: TCK, BSX, WPRT & AKS
Teck Resources, Ltd. (NYSE:TCK) – Options traders flocked to Teck Resources today as shares in the Canadian natural resources company rallied on reports that China’s Minmetals Resources, Ltd., extended a C$6.3 billion hostile takeover bid for Canada’s Equinox Minerals. Teck Resources also received an upgrade to ‘Top Pick’ with a 12-month target share price of $69.00 at Cormark Securities, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, April 4, 2011 Special Alert CCJ

Posted: 04 Apr 2011 10:14 AM PDT

We are going to remove intra-day from our watch list the position in Cameco Corp. (symbol: CCJ) added on March 29, 2011 at the current intra-day price of $31.07. CCJ was added to the watch list at $29.05.  While on the watch list CCJ returned 7.0% in 6 days.  We now have one position in our watch list for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In U.S. Trade

Posted: 04 Apr 2011 10:00 AM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6116, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.5973, Friday&rsquo;s low, and resistance at 1.6177, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.17% to hit 0.8821 and GBP/JPY falling 0.07% 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: 04 Apr 2011 09:55 AM PDT

Forex Pros – European stocks were mixed after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.06%, London&rsquo;s FTSE 100 gained 0.12%, France&rsquo;s CAC 40 declined 0.29% and the EURO STOXX 50 was down 0.24%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.07%; the S&P 500 index shed 0.07%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Strategic Natural Resources Signs Exclusive Coal Off-take Agreement

Posted: 04 Apr 2011 03:38 AM PDT

Strategic Natural Resources (LON:SNRP) has signed a long-awaited off-take agreement over a proportion of the coal it intends to produce from its Elitheni project in South Africa. A deal has been struck with Swiss based steel supplier and commodity trader Trasteel International SA, which will buy up to an initial 2.0 million tonnes of Elitheni coal. The first shipment under the contract will be loaded in June 2012, with around 500,000 tonnes of coal scheduled to be shipped during the following … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Bedrock Of The Gold Bull Rally

Posted: 03 Apr 2011 10:00 PM PDT

Last week I had the pleasure of participating in a webcast for Bloomberg Markets Magazine regarding gold investing. It was a very insightful presentation and I suggest you view the replay at www.bloombergmarkets.com. What struck me on the call was the negativity surrounding the gold market. Call it a bubble, a frenzy or mania, there seems to be a large number of voices in the marketplace who just are not fans of gold, whether prices are moving up, down or sideways.
Naysayers started calling … [visit site to read more] or compare Best Credit Cards and Best CD Rates
at

No comments:

Post a Comment