DailyMarkets.com - Legg Mason AUM Rises Marginally |
- Legg Mason AUM Rises Marginally
- GM Adds Life To 72-Year Old NY Plant
- Strong 1Q2011 For U.S. Railroads
- AMB Leases Build-to-Suit Property
- Walgreen Declares Dividend Hike
- ADTRAN Outperforms Yet Again
- CLNY Completes Secondary Offering
- Hot Option Plays: Market Waits For Obama’s Speech On Deficit
- Forex – AUD/USD Up In U.S. Trade
- Shell Plans To Revamp Portfolio
- BP-Rosneft Deal At Risk
- JOLTS: Job Openings Jump
- ETFs May Not Always Do What You Think: Example Of Japan Nikkei And EWJ
- Job Openings Reach 2.5 Year High In February
- Forex – NZD/USD Up During The U.S. Session
- “Traders Are Sitting On Their Hands”
- Retail Sales Up (& Not Just At The Pump)
- BMC’s Remedy For Yakult
- Georgia Central Bank Holds Refinancing Rate At 8.00%
- Risk Appetite Returns, Yen Retreats
- Armenia Central Bank Lifts Refinancing Rate 25bps To 8.50%
- Citi To Pay $54M In Muni Case
- Forex – GBP/USD Up In U.S. Trade
- Forex Trading: EURUSD Moves Toward 100 Hour MA Test
- European Markets Close Higher; Dax Up 1.06%
- Morning News Notes: 4.13.11
- Tullow Oil Gets More Success In Ghana And Prepares New Drilling Campaign In Uganda
| Legg Mason AUM Rises Marginally Posted: 13 Apr 2011 12:10 PM PDT Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a slight increase in its assets under management (AUM) in March on a sequential basis. This was preceded by a modest rise in February and stable AUM in Janaury.
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| GM Adds Life To 72-Year Old NY Plant Posted: 13 Apr 2011 12:05 PM PDT General Motors Co. (NYSE:GM) announced that it would invest $100 million in its 72-year old Rochester plant in New York that was about to close. The company decided to continue with the plant as the workers agreed to "second-tier" wage levels.
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| Strong 1Q2011 For U.S. Railroads Posted: 13 Apr 2011 12:05 PM PDT A recent report of the Association of American Railroads (AAR), the main trade body of the U.S. Freight Railway industry, reported that the first quarter 2011 rail carload volume, excluding grain and coal, is up nearly 7.9% to 4.6 million rail cars compared with the prior-year quarter. Last year's first quarter rose 9.3%.
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| AMB Leases Build-to-Suit Property Posted: 13 Apr 2011 11:35 AM PDT AMB Property Corp. (NYSE:AMB), a real estate investment trust (REIT), has recently leased about 219,600 square feet of space in its build-to-suit property in Chengdu in western China, for an undisclosed amount. The lessee was Deppon Express Co., Ltd, one of the premier logistics companies of China.
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| Walgreen Declares Dividend Hike Posted: 13 Apr 2011 11:25 AM PDT Walgreen (NYSE:WAG) has declared a regular quarterly dividend of 17.5 cents per share, up 27.3% from the year-ago quarter. It is encouraging to note that the company has been quite consistent in paying dividends and has been raising it for 35 consecutive quarters.
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| Posted: 13 Apr 2011 11:25 AM PDT ADTRAN Inc. (NASDAQ:ADTN), a global provider of networking and communications equipment, reported first quarter 2011 earnings of 52 cents per share surpassing the Zacks Consensus Estimate of 46 cents. The quarter's results also improved from 29 cents earned per share in the year-ago quarter on strong revenue.
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| CLNY Completes Secondary Offering Posted: 13 Apr 2011 11:25 AM PDT Zacks has removed this article. Thank you
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| Hot Option Plays: Market Waits For Obama’s Speech On Deficit Posted: 13 Apr 2011 11:18 AM PDT Cusick’s Corner
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| Forex – AUD/USD Up In U.S. Trade Posted: 13 Apr 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0487, up 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.0391, Tuesday’s low, and resistance at 1.0583, Friday’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.81% to hit 1.3759 and AUD/JPY rising 0.73% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Shell Plans To Revamp Portfolio Posted: 13 Apr 2011 11:05 AM PDT In an attempt to redesign the asset portfolio Royal Dutch Shell plc (RDS.A) disclosed plans to close its refinery in Australia, Clyde Refinery and Gore Bay Terminal, and remodel it as a fuel import terminal, supplying to the New South Wales market and the growing western suburbs of Sydney. The proposal is pending approval by the respective Shell Australia boards.
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| Posted: 13 Apr 2011 11:05 AM PDT BP Plc's (NYSE:BP) share-swap agreement with Russia’s state-operated oil company, Rosneft is in dire straits. First, the U.K. oil giant faces a court injunction held by its Russian partner, TNK-BP related to the deal. The next blow is the resignation of the deal’s chief patron, Russia's Deputy Prime Minister, Igor Sechin, following President Dmitry Medvedev's orders to remove ministers from the boards of state companies. This move is part of the President's drive to separate politics and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 13 Apr 2011 11:05 AM PDT In February, the country gained a net of 194,000 jobs, and in March we gained 216,000. However that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month. In any economic environment, there will always be jobs being created, and jobs being lost. The difference between them is what gets the headlines. However, with a month's delay we get to look a little bit deeper and see not just the net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| ETFs May Not Always Do What You Think: Example Of Japan Nikkei And EWJ Posted: 13 Apr 2011 10:56 AM PDT Exchange Traded Funds are gaining wide popularity for investors and traders alike, and for great reasons. I need not trumpet the many benefits of trading or investing with ETFs.
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| Job Openings Reach 2.5 Year High In February Posted: 13 Apr 2011 10:56 AM PDT The BLS reported today that private job openings in the U.S. increased to 2,759,000 in February, the highest level since August 2008, almost two and-a-half years ago (see red line above). Total job openings increased to 3,093,000 in February, which is the highest level since September 2008 (see blue line) and “provides evidence that hiring is picking up as the economy grows,” according to the Associated Press: “A rise in employment advertisements is the latest sign that companies are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – NZD/USD Up During The U.S. Session Posted: 13 Apr 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.7890, up 0.66% at time of writing.<br/><br/> The pair was likely to find support at 0.7747, Tuesday’s low, and resistance at 0.7928, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.19% to hit 1.3302 and EUR/NZD falling 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| “Traders Are Sitting On Their Hands” Posted: 13 Apr 2011 10:40 AM PDT 04/13/11 Meridian Equity Partners’ Joseph Greco discusses low trading volume in US equity markets, and short-term expectations for crude oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Retail Sales Up (& Not Just At The Pump) Posted: 13 Apr 2011 10:35 AM PDT Retail Sales were slightly below expectations for March. Total retail sales rose 0.4%, and are up 7.1% from a year ago. The consensus of forecasters was looking for a rise of 0.5%. However, February was revised up from 1.0% growth to 1.1% growth, which more or less offsets the miss. The Retail Sales report covers far more than just the shopping malls; it is a very broad-based measure of consumer spending. Since consumer spending makes up 71% of the economy it is a very important number. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 13 Apr 2011 10:35 AM PDT BMC Software Inc. (NYSE:BMC) recently sealed a deal with the Tokyo-based food and beverage producer, Yakult Honsha Co. Ltd.
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| Georgia Central Bank Holds Refinancing Rate At 8.00% Posted: 13 Apr 2011 10:23 AM PDT The National Bank of Georgia maintained its refinancing rate unchanged at 8.00% pausing for another month after hiking 50bps in February. Georgia reported annual inflation in March of 13.9%, up slightly from 13.7% in February. According to the IMF, Georgia saw average annual inflation of 4.95% in 2010, with the full year figure at 5.04%, while the Georgian economy grew just … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Risk Appetite Returns, Yen Retreats Posted: 13 Apr 2011 05:15 AM PDT 04/13/11 Risk appetite has returned to the forex markets today as strong economic reports has boosted investor interest in higher-yielding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Armenia Central Bank Lifts Refinancing Rate 25bps To 8.50% Posted: 13 Apr 2011 10:11 AM PDT The Central Bank of Armenia raised the refinancing rate by 25 basis points to 8.50% from 8.25% previously. The move is a reaction to higher inflation, which was last reported as 11.5% in March, driven by increasing food prices, according to the National Statistical Service. The inflation rate is double the official government and central bank inflation target of 5.5%. The Armenian economy is projected to grow by 4.6% this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 13 Apr 2011 10:05 AM PDT Citigroup Inc. (NYSE:C) has been fined $54.1 million in a municipal hedge fund case. The company has been ordered by an arbitration panel of the Financial Industry Regulatory Authority to pay two individual investors $34.1 million in compensatory damages for their losses over several municipal bond hedge funds during the financial crisis. Additionally, Citi also faces fines of $17 million in punitive damages and $3 million in legal fees and other costs.
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| Forex – GBP/USD Up In U.S. Trade Posted: 13 Apr 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6266, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.6228, Tuesday’s low, and resistance at 1.6427, Friday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8882 and GBP/JPY rising 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Toward 100 Hour MA Test Posted: 13 Apr 2011 09:56 AM PDT The EURUSD has made a break – or has it? The price extended the narrow 65 pip range to the downside and looks toward the next support. The problem is the market is comfortable with taking profits quickly today. So shorts, watch the 1.4454 level. This was the old low for the day and staying below that gives confidence for more move to the downside. If the level can hold the correction a move below the 100 hour MA would seem doable with an extension to 1.4413 the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Markets Close Higher; Dax Up 1.06% Posted: 13 Apr 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany’s DAX rose 1.06%, London’s FTSE 100 gained 0.77%, France’s CAC 40 climbed 0.75% and the EURO STOXX 50 was up 0.60%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was down 0.16%; the S&P 500 index shed 0.21%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 13 Apr 2011 06:02 AM PDT The morning news notes as prepared by TL…more tightening for China?, debt ceiling and end of QE2 to dominate the news, Obama’s deficit reduction speech today, equities underperforming in Asia, and “Society at a Glance 2011″. ”Morning News Notes: April 13, 2011″ click … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Tullow Oil Gets More Success In Ghana And Prepares New Drilling Campaign In Uganda Posted: 13 Apr 2011 04:57 AM PDT Oil and gas group Tullow Oil (LON:TLW) reported this morning that the latest appraisal well on its Tweneboa field offshore Ghana had successfully encountered gas condensate and that results from well had confirmed the western extent of the Tweneboa gas condensate accumulation. The news came as Tullow said that drilling was about to get under way in Uganda following a deal in March with the country's government that partly resolved a long-running tax dispute between the two sides. Last year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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