Monday, April 4, 2011

DailyMarkets.com - Pay Czar Freezes TARP CEO Payouts

DailyMarkets.com - Pay Czar Freezes TARP CEO Payouts


Pay Czar Freezes TARP CEO Payouts

Posted: 04 Apr 2011 09:55 AM PDT

U.S. Treasury’s pay czar said on Friday that cash payments of chief executive officers (CEOs) at three firms will not increase this year from the 2010 levels. The reason being, these firms are still under the Troubled Asset Relief Program (TARP) for not clearing their bailout money. However, the mix of stock salary and long-term restricted stock was not fixed.
This could be viewed as one of the safest ways to protect taxpayers' money circulating in these institutions. 
Companies Under … [visit site to read more] or compare Best Credit Cards and Best CD Rates


St. Joe Monetizes Land Bank

Posted: 04 Apr 2011 09:55 AM PDT

The St. Joe Company (NYSE:JOE), a publicly-held operationally diversified real estate company, has recently monetized a 40,975 acre of land tract in Florida, by formalizing a 'timber deed' with an investment fund managed by Resource Management Service for a price of $55.9 million. Since its inception in 1950, Resource Management has operated as a private timberland investment firm serving pension funds, endowments, foundations and family offices.
A timber deed is a method of selling timber, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Intuit & Salesforce Join Forces

Posted: 04 Apr 2011 09:55 AM PDT

In an attempt to better serve small business owners, Intuit Inc. (NASDAQ:INTU) and Salesforce.com Inc. (NYSE:CRM) are joining forces. Recently, the two companies announced an alliance, whereby they will offer customer relationship management (CRM) and financial management solutions on a single platform.
Under the terms of the alliance, Salesforce.com will integrate Intuit's QuickBooks Online accounting applications into its CRM Software-as-a-Service offering. Intuit will subsequently resell the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


NASDAQ-NYSE Deal: A Revolution?

Posted: 04 Apr 2011 09:35 AM PDT

On Friday, NASDAQ OMX Group Inc. (NASDAQ:NDAQ) and IntercontinentalExchange Inc.'s (NYSE:ICE) initiative to acquire NYSE Euronext Inc. (NYSE:NYX) for $42.50 per NYSE share in a joint bid blew in as a wind of change. The transaction would be one-third in cash and two-third in stock, making the deal worth approximately $11.3 billion. This is about 15% higher than the earlier proposed merger between NYSE and Deutsche Boerse of $10.0 billion.
NASDAQ and ICE plans to finance the cash portion of the deal … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Krispy Kreme Reports Loss

Posted: 04 Apr 2011 09:35 AM PDT

Krispy Kreme Doughnuts Inc.'s (NYSE:KKD) posted a loss of 2 cents during the fourth quarter of fiscal 2011, below the Zacks Consensus Estimate of profit of 4 cents and year ago earnings of 1 cent per share. The lower-than-expected results were due to higher input costs. Total revenue climbed 5.7% year over year to $86.8 million, as all the four segments reported an increase in revenues.
The company's full-year income was $7.6 million or 11 cents, compared with loss of $0.2 million or zero … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Xcel Energy Does Wildlife A Favor

Posted: 04 Apr 2011 09:35 AM PDT

Electricity and natural gas company Xcel Energy Inc. (NYSE:XEL) has decided to discontinue its 150 megawatt (MW) Merricourt wind farm project in southeastern North Dakota as it could endanger certain species of birds. The project was scheduled to come in to operation by the end of 2011.
The termination of the wind farm project in North Dakota follows Xcel Energy’s hunch that it could have adverse environmental implications. The company also cited uncertainties regarding the time of completion and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


PAY Sells Hypercom’s Payment Business

Posted: 04 Apr 2011 09:35 AM PDT

Electronic payments solutions provider VeriFone Systems, Inc. (NYSE:PAY) and Hypercom Corporation (NYSE:HYC) recently announced that both of them have reached an agreement to sell the U.S. payment systems business of Hypercom to Ingenico S.A, for approximately $54 million.
The transaction is expected to close before VeriFone completes the acquisition of Hypercom, which is expected in the second half of 2011.
The payment business generated revenues of $61 million in 2010. Following the completion of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Vodafone Exits French Joint Venture

Posted: 04 Apr 2011 09:35 AM PDT

Vodafone Group Plc (NYSE:VOD) agreed to sell its 44% stake in SFR (their French joint venture) to Vivendi for €7.95 billion ($11.3 billion). Vivendi already owns a 56% stake in SFR.
Holding full ownership of SFR is the first priority for Vivendi. The possession of the remaining stake in SFR may boost its profits and cash flow profile, paving the path for its business growth.
From Vodafone's standpoint, the SFR sale is the largest that it has done year to date and is the third in its strategy, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EURUSD Moves Back And Forth

Posted: 04 Apr 2011 09:08 AM PDT

The EURUSD fell to the underside of the trendline and found support buyers against the level (see chart above). The move back higher has taken the pair to the sideways 100 and 200 bar MA  and 38.2% retracement of the day. 

Trader's may look to sell against the resistance with a tight stop. If the level holds, a test of the 1.4202 level should occur and a break should lead to lower levels. If the level cannot keep the price contained and the price moves above the 200 bar MA on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Dominion Unit Converts To Biomass

Posted: 04 Apr 2011 09:05 AM PDT

In a move to generate more power from renewable sources, energy utility Dominion Resources Inc. (NYSE:D) announced that its subsidiary Dominion Virginia Power, has decided use biomass instead of coal in three of its power stations.
Dominion Virginia Power’s decision to convert its three generating stations in Altavista, Hopewell and Southampton County are likely to have a positive impact on the environment and also benefit consumers. The usage of biomass will lower the emission of green house gas … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Down At The End Of European Session

Posted: 04 Apr 2011 09:00 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4219, 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 0.21% to hit 0.8817 and EUR/JPY falling 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates


CenturyLink Finally Acquires Qwest

Posted: 04 Apr 2011 08:35 AM PDT

CenturyLink Inc. (NYSE:CTL) finally completed its $12 billion merger with Denver-based Qwest Communications following all the necessary approvals and regulatory clearances. The merger created the third-largest landline operator in the U.S.
The combined company will operate under the CenturyLink brand. However, it will take several months to fully integerate the two brands. Until then, the Qwest brand will continue operating in its former markets.
The newly formed company will still be … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Conn’s Reports In Line

Posted: 04 Apr 2011 08:25 AM PDT

Conn's Inc. (NASDAQ:CONN) reached a break-even level during fourth quarter 2011, reporting in line with the Zacks Consensus Estimate as well as the prior-year quarter. In fiscal 2011, adjusted earnings were 18 cents down from 57 cents recorded in fiscal 2010.
On a GAAP basis, Conn's reported a loss of 12 cents per share versus a gain of 7 cents in fourth quarter 2010. In full fiscal 2011, the company's loss was 4 cents per share compared with earnings of 16 cents in the prior year.
The decline … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Australian Dollar: Under Pressure

Posted: 04 Apr 2011 08:21 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Canadian Dollar: The Downside Prevails

Posted: 04 Apr 2011 08:21 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will The Silver Rally Begin To Tarnish In The Near-term?

Posted: 04 Apr 2011 08:20 AM PDT

Today’s Idea
The recent run-up in Silver prices has certainly spiked option volatility, and with the market appearing a bit overbought, at least in the short-term, a bearish short-term trading strategy may be in order. There appears to be strong psychological resistance at the 40.000 level for the May futures, and some traders may wish to consider selling out-of-the-money calls in May Silver futures options, with strike prices above the $40 resistance level. For example, with May Silver trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


USD Sees Downward Pressure

Posted: 04 Apr 2011 08:20 AM PDT

04/04/11 The US currency traded lower vs. EUR, GBP, JPY at the beginning of the week. Central bank rate decisions will take center stage, with the ECB expected to hike … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Televisa To Acquire Cablemas

Posted: 04 Apr 2011 08:18 AM PDT

Grupo Televisa S.A. (NYSE:TV), the largest media company in the Spanish speaking world, has decided to acquire the remaining 41.7% stake in local cable TV company Cablemas for approximately $397 million.
Cablemas offers triple-play bundled voice, video and data services in Mexico. Acquisition of 100% stake in Cablemas will further consolidate Televisa's market share in Mexico. Cablemas has nearly 1 million cable TV subscribers, 360,000 Internet subscribers and 205,000 telephony … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Earning Scorecard: Research In Motion

Posted: 04 Apr 2011 08:18 AM PDT

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


Verizon Completes Tender Offer

Posted: 04 Apr 2011 08:17 AM PDT

A leading telecom company Verizon Communications Inc. (NYSE:VZ) purchased 59.8 million shares at $19.00 per share under its $1.1 billion tender offer to acquire information technology service company, Terremark Worldwide Inc. (NASDAQ:TMRK). With the completion of the tender offer, Verizon now has approximately 71% stake in Terremark.
Verizon will commence a second tender offer to acquire the remaining shares. This offer will expire on April 7.
In January 2011, Verizon announced its proposal to acquire … [visit site to read more] or compare Best Credit Cards and Best CD Rates


A.C. Moore Reports Loss

Posted: 04 Apr 2011 08:17 AM PDT

Berlin, New Jersey-based A.C. Moore Arts & Crafts, Inc (NASDAQ:ACMR) reported disappointing fourth quarter 2010 results. The company posted an adjusted loss of 13 cents, below the Zacks Consensus Estimate of profit of 3 cents. Including an one-time item, A.C. Moore recorded a quarterly net loss of $4.8 million or 20 cents, higher than the loss of $0.5 million or 2 cents per share posted in the year-earlier quarter. The lower-than-expected results were due to poor sales.
The company's full-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


AGCO Corp To Redeem Debt

Posted: 04 Apr 2011 08:17 AM PDT

AGCO Corp (AGCO) announced the redemption of its Senior Subordinated Notes due 2014 with a coupon rate of 6.875%. The redemption will be done on May 2, 2011. In order to redeem the debt the company will raise a new 5 year €200 million senior unsecured term loan from Rabobank Nederland.
In addition to the principal and interest the company will also pay a premium of 1.146%, which is likely to have a negative impact on  its second quarter results, but not on the full-year … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Jobs, Jobs, Jobs, Jobs

Posted: 04 Apr 2011 08:13 AM PDT

1. Walmart plans to create 10,000 jobs in Chicago by 2015.

2. McDonald’s plans to hire 50,000 people this year (thanks to Steve … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – Dollar Regains Some Ground As Risk Appetite Wanes

Posted: 04 Apr 2011 08:03 AM PDT

Forex Pros &ndash; The U.S. dollar regained some ground against its major counterparts on Monday, as risk appetite waned while the euro eased off a five-month high amid speculation that expectations for a euro zone rate increase were already priced in.<br /><br />During U.S. morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.02% to hit 1.4231.<br /><br />Earlier Monday, official data showed that producer price inflation in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – GBP/USD Up After U.K. PMI Data, Vodafone Deal

Posted: 04 Apr 2011 07:56 AM PDT

Forex Pros &ndash; The pound remained higher against the U.S. dollar on Monday, boosted by better-than-expected U.K. construction data and expectations for currency inflows after U.K. telecom provider Vodafone agreed to sell its stake in French mobile operator SFR.<br /><br />GBP/USD hit 1.6177 during U.S. morning trade, the pair&rsquo;s highest since March 24; the pair subsequently consolidated at 1.6136, gaining 0.16%.<br /><br />Cable was likely to find … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Word From The Floor: US Stocks Open Higher

Posted: 04 Apr 2011 07:50 AM PDT

04/04/11 The major US stock averages started the session with a modest advance. Crude oil edged above … [visit site to read more] or compare Best Credit Cards and Best CD Rates


GBP/JPY Targets 138.00, 140.30 If Break Above 135.50 Is Confirmed

Posted: 04 Apr 2011 07:45 AM PDT

GBP/JPY

Short to Medium Term- The  GBP/JPY is in a very strong uptrend, breaking above what we saw last week as a key resistance at 135.50. The market is now consolidating and as seen in the 1H chart there is a bearish divergence.
- The daily chart below show the bullish targets if the bullish breakout above 135.50 is confirmed with further break above the current high at 136.10. The RSI has yet to break 70 and doing so confirms the bullish outlook with momentum.
- A break above 136.10 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: GBPUSD Comes Off Highs In Quiet NY Trade

Posted: 04 Apr 2011 07:31 AM PDT

The GBPUSD rallied in London on the back of better than expected PMI Construction (56.4 vs 54.8). The number was just below last months 56.5 (highest level since June 2010).  So contruction remains robust and could help contribute to higher rates in the UK going forward.  This has helped keep the GBPUSD supported.
Nevertheless, the traders seem content to sell the pair against the earlier high for the day.  That level came in at the 1.6175 level and the NY high has peaked … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex – EUR/USD Retreats From 5-month Peak As ECB Rate Bump Priced In

Posted: 04 Apr 2011 07:21 AM PDT

Forex Pros &ndash; The euro retreated from a five-month high against the U.S. dollar on Monday, with expectations for a euro zone rate increase later in the week already priced in by markets.<br /><br />EUR/USD retreated from 1.4268, the pair&rsquo;s highest since November 4, 2010 to hit 1.4226 during early U.S. trade, dipping 0.05%.<br /><br />The pair was likely to find support at 1.4114, last Thursday&rsquo;s low and short-term resistance at 1.4281, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Valiant Petroleum Boosted By Production Figures And New Exploration Projects

Posted: 04 Apr 2011 02:26 AM PDT

Valiant Petroleum (LON:VPP) , the oil and gas group active in the UK North Sea, has moved to bolster its exploration pipeline by agreeing a deal to acquire a 30% stake in Block 29/1c containing the Orchid prospect. Valiant is buying the interest from Summit Petroleum Ltd in return for carrying a share of the cost of the initial exploration well. Summit, the operator, is currently seeking a semi-submersible rig to drill the prospect in the second half of the year. The news came on the same day … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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