DailyMarkets.com - Raytheon Wins Missile Contract
DailyMarkets.com - Raytheon Wins Missile Contract |
- Raytheon Wins Missile Contract
- Gilead’s Pact To Fight Cancer
- XL Group Starts Ops In Shanghai
- Grand MicroCLAVE Promotion By ICUI
- AIG’s ILFC Refinances Debt
- EMC’s Mobile App Made Available
- General Dynamics Wins $23M Contract
- Entergy Drops Vermont Plant Sale
- Rowan Reiterated At Neutral
- VIVACOM Adopts HP Solutions
- Lawson Tows Zacks Consensus
- Natural Gas Builds 1st Time In 2011
- New Pulte Communities In San Diego
- Calgon Acquires Japan Counterpart
- IBM Chosen By African Government
- Activision Unveils New Game
- Jobs Report In-Depth, Pt. 3
- Olive Garden Embarks On Remodeling
- Closing Bell Market Monitor: F, GM, NYX
- Stock Trade Ideas For The Week Of April 4
- Stock Market Summary For Friday, April 1, 2011
- FTI Consulting Closes LEGC Deal
- AAR Teams Up With U.S. Army
- NCR Corp. On A DVD Kiosk Mission
- Rite Aid Comps Slip
- Occupational Licensing/Permitting Gone Wild
- Hot Option Plays: The Canary Chirped
- Forex – EUR/USD Up At The End Of U.S. Session
- Heinz Finalizes Quero Purchase
- Bristol-Myers Presents HCV Data
- Manpower In Neutral Lane
- Jobs Report In-Depth, Pt. 2
- Avalonbay Upgraded To Outperform
- Forex – GBP/USD Up At The End Of U.S. Session
- Female Gains Dominate Today’s Jobs Report
- Forex – USD/JPY Up At The End Of U.S. Session
- Forex – USD/JPY Up Toward The End Of U.S. Session
- U.S. Food Giants Tackle Price Rise
- EA Launches On Facebook
- Covidien’s Products At SAGES 2011
- Earnings Preview: Apogee Enterprises
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.46%
- Triple Top Breakout For Gold After 6 Month Consolidation
- Earnings Scorecard: Fred’s Inc.
- Bullish On NOV Near-Term
- Lockheed To Produce More THAADs
- Goodyear Closes Preferred Offer
- Forex – GBP/USD Up During The U.S. Session
- Ecolab Wins Social Innovation Award
- Loss At THLD Narrower Than Expected
- Bullish On NOV Near-Term
- Forex – USD/CAD Down In U.S. Trade
- Ally Financial Files For IPO
- AmSurg Sinks To Underperform
- WPI To Launch A Bioequivalent Drug
- BG Medicine-BSX Engages In Research
- Why The Next Move In Gold Could Be Big
- Forex – EUR/USD Up In U.S. Trading Hours
- Forex Trading: EURUSD Moves Closer To Key Resistance At 1.4280
- Toyota Cautious, Raise Prices
- Shell Trims Downstream Unit
- Risk-Reward Balances Family Dollar
- ProLogis Obtains Japanese Financing
- Hot Option Plays: Markets On The Move After US Employment Data
- Forex – AUD/USD Up In U.S. Trade
- Options Players Flock To Wynn Resorts
- Jones Lang Expands In S. Africa
- Earnings Scorecard: Discover
- GM Gets $3.8B From Delphi Sale
- Toll Bros., Deutsche Bank Buy Loans
- New Trucks To Roll In At Ryder
- United Flying Less To Japan
- U.S. Traffic Deaths Lowest Since 1949
- Housing Affordabilty Reaches New Record High
- Forex – NZD/USD Up During The U.S. Session
- Jones Lang Expands In S. Africa
- Chesapeake Closes BHP Transaction
- More Insurance Deals For CSC
- Jobs Report In Depth, Pt. 1
- More Orders For Boeing 737
- As Long As QE2 In Place … Market On Upward Trend
- Why The Resumption Of Libyan Oil Shipments Won’t Change Gasoline Prices
- Monetary Policy Week In Review – 2 April 2011
- Weekly Gold And Silver Update – Testing Resistance For Bullish Projections
- Dollar Posts Longest Gain Streak Vs. Yen Since 2005
- BWC Wins Swedish Contract
- European Markets Close Higher; Dax Up 1.97%
- ADM Remarkets Debt
- Positive Data For Vertex HCV Drug
- Not So Sweet: Krispy Kreme Reports Fiscal 4Q Loss
- Forbidden Technologies Confident To Expand As Growth Builds
- Kerim Sener Goes For Gold In Turkey With Ariana Resources
- The Strong Link Between GDP And Oil Consumption
| Raytheon Wins Missile Contract Posted: 01 Apr 2011 05:05 PM PDT Raytheon Company (NYSE:RTN) was awarded a $312 million manufacturing contract for the Standard Missile-3 Block IB program by the U.S. Department of Defense Missile Agency. The contract provides the necessary funding to carry out the development phase of the program.
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| Posted: 01 Apr 2011 05:05 PM PDT Gilead Sciences Inc. (NASDAQ:GILD) recently entered into a research collaboration with Yale School of Medicine for discovery of novel cancer therapies. Yale and Gilead scientists will research to find new molecular targets that will help in development of novel cancer therapies by understanding the basis of the disease in a better way.
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| XL Group Starts Ops In Shanghai Posted: 01 Apr 2011 04:35 PM PDT Effective April 1, 2011, the new Property & Casualty (non-life) subsidiary of XL Group plc (NYSE:XL) in Shanghai, China will commence its operations.
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| Grand MicroCLAVE Promotion By ICUI Posted: 01 Apr 2011 04:35 PM PDT Recently ICU Medical Inc. (NASDAQ:ICUI) planned a full market release of its new MicroCLAVE Clear Neutral Displacement Needlefree Connector in the Annual Scientific Meeting of the Society for Healthcare Epidemiology of America (SHEA), which is being held in Dallas from 1st to 4th April.
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| Posted: 01 Apr 2011 04:35 PM PDT In order to refinance debt, American International Group Inc. (NYSE:AIG)'s jet leasing unit International Lease Finance Corporation (ILFC) has secured a $1.3 billion term loan with a group of 15 banks from Europe, Asia and North America.
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| EMC’s Mobile App Made Available Posted: 01 Apr 2011 04:05 PM PDT EMC Corp. (EMC) announced the general availability of Mozy mobile app for Apple Inc.'s (AAPL) iOS-based devices such as iPhone, iPad and iPod touch, using iOS version 4.0 or later.
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| General Dynamics Wins $23M Contract Posted: 01 Apr 2011 03:55 PM PDT General Dynamics' (NYSE:GD) Information Technology unit has won a three-year $3 million Air Force contract, whose potential value can go up to $23 million based on the exercise of all options.
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| Entergy Drops Vermont Plant Sale Posted: 01 Apr 2011 03:55 PM PDT Entergy Corporation (NYSE:ETR) said that Entergy Nuclear Vermont Yankee LLC is in talks with Vermont Electric Cooperative Inc. to sell power from the Vermont Yankee nuclear plant.
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| Posted: 01 Apr 2011 03:35 PM PDT We maintain our Neutral recommendation on Rowan Companies Inc. (NYSE:RDC) given its impressive fourth-quarter 2010 results, which comfortably beat both earnings and revenue estimates. We remain on the sidelines owing to the possible oversupply of global jackups in the next few years, thereby reflecting downside pressure on jackup rates.
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| Posted: 01 Apr 2011 03:35 PM PDT The world's largest computer maker, Hewlett-Packard Company (NYSE:HPQ) recently announced that VIVACOM Bulgaria has adopted its solutions to design a next-generation intelligent network (NGIN), with the intention of becoming more efficient and thereby earn higher profits.
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| Posted: 01 Apr 2011 03:35 PM PDT Lawson Software Inc. (NASDAQ:LWSN) posted net income of $21.4 million or 13 cents per share in the third quarter of fiscal 2011, surging from a net income of $1.7 million or 1 cent per share from the year-earlier quarter.
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| Natural Gas Builds 1st Time In 2011 Posted: 01 Apr 2011 03:35 PM PDT The U.S. Energy Department’s weekly inventory release showed a surprise build in natural gas supplies, reflecting significant stock accumulation in the producing regions.
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| New Pulte Communities In San Diego Posted: 01 Apr 2011 03:35 PM PDT PulteGroup Inc. (NYSE:PHM) announced the opening of four new communities in the San Diego market in response to the recovery and the growing demand in the region.
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| Calgon Acquires Japan Counterpart Posted: 01 Apr 2011 03:35 PM PDT Calgon Carbon Corporation (NYSE:CCC) acquired the remaining 20% stake in Calgon Carbon Japan KK (CCJ), its joint venture with Mitsubishi Chemical Corporation (MCC).
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| IBM Chosen By African Government Posted: 01 Apr 2011 03:05 PM PDT International Business Machines Corp. (NYSE:IBM) and CFAO Technologies, IBM's partner in West Africa, have been chosen by the Cameroon Ministry of Finance to upgrade and secure the payroll process of government employees in the country.
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| Posted: 01 Apr 2011 03:05 PM PDT Activison Blizzard Inc. (ATVI) and Marvel Entertainment LLC announced the launch of their next Spider-Man game titled Spider-Man: Edge of Time.
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| Posted: 01 Apr 2011 03:05 PM PDT Lots of Crosscurrents Overall, this was a very solid report. Good but not great. The internals of the report were OK. The unemployment rate coming down was a positive surprise, and it is happening the right way — with the employment rate increasing, not the participation rate falling. While the 0.1% drops in each of the last two months are not as dramatic as the 0.4% drops in both December and January, the fact that they are still dropping means that those declines were for real. The job … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Olive Garden Embarks On Remodeling Posted: 01 Apr 2011 03:05 PM PDT Olive Garden, which is operated by Darden Restaurants Inc. (NYSE:DRI), is planning extensive remodeling by June 2013.
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| Closing Bell Market Monitor: F, GM, NYX Posted: 01 Apr 2011 03:00 PM PDT 04/01/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Trade Ideas For The Week Of April 4 Posted: 01 Apr 2011 02:46 PM PDT ( click to enlarge ) Starting with Avalon Rare Metals (AVL), on the daily charts, the present uptrend is getting confirmed as the days go on. Right now, I’m in a Long trade that I entered around $7.12. AVL has made an awesome move today breaking out of a consolidation area and resistance on heavy volume. The major trend is still bullish as we can see on the chart above. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Only a close … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market Summary For Friday, April 1, 2011 Posted: 01 Apr 2011 02:38 PM PDT On the day where the March jobs report indicated some growth in the employment area the major indexes rose between 0.3% and 0.5%. However, the S&P 500 and Nasdaq Composite came off their session highs and finished in the lower end of their trading range. Market breadth was stronger on the NYSE than the Nasdaq and investor participation sent mixed signals as well. Even though the market started out strong and gave back some of the strength we are raising the support/resistance levels on the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FTI Consulting Closes LEGC Deal Posted: 01 Apr 2011 02:30 PM PDT FTI Consulting Inc. (NYSE:FCN) finally completed of all the previously announced transactions with LECG Corporation for approximately $27 million in cash plus the assumption of approximately $11 million in liabilities.
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| Posted: 01 Apr 2011 02:30 PM PDT AAR Corp. (NYSE:AIR) received a specialized shelters contract from the U.S. Army for $27 million.
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| NCR Corp. On A DVD Kiosk Mission Posted: 01 Apr 2011 02:30 PM PDT NCR Corp. (NYSE:NCR) is on track to install self-service BLOCKBUSTER-Express DVD Kiosks in 309 RaceTrac stores.
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| Posted: 01 Apr 2011 02:30 PM PDT Leading drugstore chain operator Rite Aid Corp. (NYSE:RAD) reported a minimal decline of 0.1% in same-store sales for the four weeks ended March 26, 2011.
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| Occupational Licensing/Permitting Gone Wild Posted: 01 Apr 2011 02:24 PM PDT SF Chronicle — “Novella Carpenter (pictured above) took over a vacant lot on a hardscrabble corner of West Oakland eight years ago and turned it into a working farm of vegetables, goats, rabbits and, sometimes, pigs. Carpenter milked goats, made cheese and ate much of the produce. She also wrote a popular book, “Farm City,” about the experience and became an icon of the Bay Area’s urban farming movement. But the future of her Ghost Town Farm is in question. This week, Oakland officials … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Hot Option Plays: The Canary Chirped Posted: 01 Apr 2011 02:18 PM PDT Cusick’s Corner
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 01 Apr 2011 02:10 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4235, up 0.53% at time of writing.<br/><br/> The pair was likely to find support at 1.4027, Monday’s low, and resistance at 1.4246, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 216.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Heinz Finalizes Quero Purchase Posted: 01 Apr 2011 02:05 PM PDT H.J. Heinz Company (NYSE:HNZ), completed the Quero brand acquisition from the Brazilian food manufacturer Coniexpress S.A. Industrias Alimenticias. The Quero brand is a market leader in numerous tomato-based categories in Brazil and also holds a lead position in vegetables.
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| Bristol-Myers Presents HCV Data Posted: 01 Apr 2011 02:05 PM PDT Recently, Bristol-Myers Squibb Company (NYSE:BMY) presented encouraging data from a phase II study (n=48) which evaluated its candidate BMS-790052 as a combination therapy for treating patients suffering from the hepatitis C virus (HCV). Bristol-Myers presented data from the mid-stage study at the 46th annual meeting of the European Association for the Study of the Liver in Germany.
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| Posted: 01 Apr 2011 02:05 PM PDT Manpower Inc.'s (NYSE:MAN) comprehensive range of services makes it a truly global staffing firm. The company provides services for the entire employment and business cycle, including permanent, temporary and contract recruitment, employee assessment and selection, training, outplacement, outsourcing and consulting.
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| Posted: 01 Apr 2011 02:05 PM PDT Demographics of Joblessness This recession has hit men harder than it has hit women. However, over the past year, things seem to be "evening out" between the genders, and this month both made progress. In March, the unemployment rate for adult men (over 20) fell to 8.6% from 8.7% in February and from 9.9% as recently as November. It is down from 10.0% a year ago. A bit of the decline is an illusion, though, as the participation rate for men fell from 74.2% a year ago to 73.4% in March, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Avalonbay Upgraded To Outperform Posted: 01 Apr 2011 02:05 PM PDT We have recently upgraded our recommendation on Avalonbay Communities Inc. (NYSE:AVB), a leading multifamily real estate investment trust (REIT), from Neutral to Outperform.
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| Forex – GBP/USD Up At The End Of U.S. Session Posted: 01 Apr 2011 02:05 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6111, up 0.52% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Monday’s low, and resistance at 1.6151, Thursday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Female Gains Dominate Today’s Jobs Report Posted: 01 Apr 2011 02:04 PM PDT Here are a couple of interesting items in today’s Employment Report: 1. From the household survey, there was an increase of 291,000 jobs in March, because of an increase in female employment of 305,000 jobs last month, which was offset slightly by a decrease of 14,000 household jobs for men. 2. The March jobless rate for men remained the same as February at 9.3%, while the unemployment rate for women fell from 8.5% to 8.3%. Therefore, all of the employment gains in March were … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up At The End Of U.S. Session Posted: 01 Apr 2011 02:00 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 84.06, up 1.12% at time of writing.<br/><br/> The pair was likely to find support at 81.53, Monday’s low, and resistance at 84.73, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 216.00K … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 01 Apr 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 84.02, up 1.08% at time of writing.<br/><br/> The pair was likely to find support at 81.53, Monday’s low, and resistance at 84.73, today’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.47% to hit 1.4226 and GBP/USD rising 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Food Giants Tackle Price Rise Posted: 01 Apr 2011 01:35 PM PDT Starbucks Corp. (NASDAQ:SBUX), along with other food and drink retailers, are innovating ways to combat the rising prices of grains, meat, sugar and other essential ingredients. In times of such hardships the survival theory becomes quite applicable for the food chain industry in the US.
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| Posted: 01 Apr 2011 01:35 PM PDT Video game developer and publisher, Electronic Arts Inc. (NASDAQ:ERTS) recently launched World Series Superstars, a game carrying a Major League Baseball (MLB) license, on Facebook. World Series Superstars is the first official Major League Baseball game on Facebook.
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| Covidien’s Products At SAGES 2011 Posted: 01 Apr 2011 01:35 PM PDT Leading healthcare product maker Covidien plc (NYSE:COV) will present new data on its laparoscopic surgical products at the ongoing annual meeting of the Society of American Gastrointestinal and Endoscopic Surgeons ("SAGES 2011") in San Antonio, Texas.
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| Earnings Preview: Apogee Enterprises Posted: 01 Apr 2011 01:35 PM PDT Apogee Enterprises, Inc. (NASDAQ:APOG) is slated to release its fiscal 2011 results on Wednesday, April 6, 2011.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 01 Apr 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4228, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.4027, Monday’s low, and resistance at 1.4246, today’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8830 and EUR/JPY rising 1.59% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.S. Markets Close Higher; Dow Jones Up 0.46% Posted: 01 Apr 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.46%, the S&P 500 index gained 0.50%, while the Nasdaq 100 index climbed 0.17%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 216.00K last month, from 194.00K in the preceding month whose figure was revised up from 192.00K.<br/><br/> … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Triple Top Breakout For Gold After 6 Month Consolidation Posted: 01 Apr 2011 12:56 PM PDT It is the best of times for equities and precious metals and the worst of times for the U.S. dollar. It is prudent to focus on the sectors with long secular uptrends as these patterns tend to last longer than expected and produce the greatest returns. Gold (GLD) and Silver (SLV) are in a decade long uptrend as geopolitical uncertainty and rising debt levels have caused many investors to seek the safe haven shelter of real money. In July 2010, as the European Crisis was the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Earnings Scorecard: Fred’s Inc. Posted: 01 Apr 2011 12:55 PM PDT On March 25, 2011, discounted general merchandise retailer Fred's Inc. (NASDAQ:FRED) announced its financial results for the fourth-quarter and year-end 2010.
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| Posted: 01 Apr 2011 12:55 PM PDT Shares of National-Oilwell Varco (NYSE:NOV) hit a 52-week high of $82.80 on Wednesday, March 30. The oilfield services firm has seen its share price climb more than 100% since the end of July last year, as investors have been buying stocks of the company for its attractive fundamentals and positive outlook. The turnaround in fuel prices amid recent optimism about economic recovery have added to this bullish sentiment.
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| Lockheed To Produce More THAADs Posted: 01 Apr 2011 12:55 PM PDT Lockheed Martin Corporation (NYSE:LMT) has received a production contract of $789.8 million for the Terminal High Altitude Area Defense (THAAD) Weapon System of the U.S. Missile Defense Agency. Although originally a U.S. Army program, THAAD had come under the umbrella of the Missile Defense Agency. The U.S. Navy also uses a similar program, the sea-based Aegis Ballistic Missile Defense System developed by Lockheed.
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| Goodyear Closes Preferred Offer Posted: 01 Apr 2011 12:55 PM PDT Goodyear Tire & Rubber Co. (NYSE:GT) announced the closing of its public offering of mandatorily convertible preferred stock, which commenced on March 28, 2011. In addition to the 8.7 million shares offered, the underwriters also exercised their option to purchase 1.3 million shares of the mandatorily convertible preferred stock. With this exercise of the underwriters’ option, 10 million shares were issued at closing at a price of $50 per share.
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| Forex – GBP/USD Up During The U.S. Session Posted: 01 Apr 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6115, up 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Monday’s low, and resistance at 1.6151, Thursday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8828 and GBP/JPY rising 1.73% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Ecolab Wins Social Innovation Award Posted: 01 Apr 2011 12:35 PM PDT Leading cleaning and sanitation products maker Ecolab Inc (NYSE:ECL) reported that its dry conveyor lubricant, DryExx GS, has clinched the best product design award at the 2011 Social Innovation Awards in London.
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| Loss At THLD Narrower Than Expected Posted: 01 Apr 2011 12:35 PM PDT Threshold Pharmaceuticals Inc.'s (NASDAQ:THLD) fourth quarter 2010 net loss of $0.19 per share was narrower than the Zacks Consensus Estimate of a loss of $0.21. However, the loss incurred in the final quarter of 2010 was wider than the year ago loss by $0.04. The wider year-over-year loss was attributable to higher operating costs incurred in the final quarter of 2010.
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| Posted: 01 Apr 2011 12:35 PM PDT Shares of National-Oilwell Varco (NYSE:NOV) hit a 52-week high of $82.80 on Wednesday, March 30. The oilfield services firm has seen its share price climb more than 100% since the end of July last year, as investors have been buying stocks of the company for its attractive fundamentals and positive outlook. The turnaround in fuel prices amid recent optimism about economic recovery have added to this bullish sentiment.
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| Forex – USD/CAD Down In U.S. Trade Posted: 01 Apr 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9643, down 0.65% at time of writing.<br/><br/> The pair was likely to find support at 0.9626, today’s low, and resistance at 0.9822, Monday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.54% to hit 1.4236 and GBP/USD rising 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Apr 2011 12:05 PM PDT Ally Financial, the former finance unit of General Motors (NYSE:GM), filed for an initial public offering (IPO) on Thursday. This will allow the bailed-out auto and mortgage lender to repay its dues to the Treasury.
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| Posted: 01 Apr 2011 12:05 PM PDT Recently, we downgraded AmSurg Corporation (NASDAQ:AMSG) to Underperform with a target price of $23.00.
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| WPI To Launch A Bioequivalent Drug Posted: 01 Apr 2011 12:05 PM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced that it plans to launch the bioequivalent version of Sanofi-Aventis’ (NYSE:SNY) anemia drug, Ferrlecit. The drug, which will be marketed as Nulecit in the US, is approved for the treatment of iron deficiency anemia in adults and children aged six years and above. The patients targeted by the drug are undergoing chronic hemodialysis in addition to receiving supplemental epoetin therapy.
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| BG Medicine-BSX Engages In Research Posted: 01 Apr 2011 12:05 PM PDT Recently, BG Medicine (BGMD) entered in a research collaboration agreement with leading medical devices player, Boston Scientific Corporation (NYSE:BSX). The two companies will study the role of galectin-3 to help screening of patients who would derive the maximum benefit from the cardiac-resynchronization therapy (CRT) and would use patient data from the MADIT-CRT trial.
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| Why The Next Move In Gold Could Be Big Posted: 01 Apr 2011 11:55 AM PDT In recent weeks Gold has made new highs but they have been marginal. That is not what we call a sustained breakout or impulsive advance. In an impulsive advance the market continues higher in an unimpeded fashion. We are skeptical that Gold will make a big breakout here and now but its a bull market and its always wise to hold at least a core position. The best traders will trade themselves out of maximum profits. This being said, we do think one has to be on guard for a shift in Gold. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 01 Apr 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4239, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.4027, Monday’s low, and resistance at 1.4245, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 216.00K last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: EURUSD Moves Closer To Key Resistance At 1.4280 Posted: 01 Apr 2011 11:38 AM PDT The EURUSD has made new highs for the week and the shorts and new buying push the market higher. The key resistat at the 1.4280 level is getting closer. The level corresponds with the high from November 2010 (at 1.4281), the upper trendline and the downward trendline from the July 2008 high (connecting to the November 2009 high). The three lines come in near the area. I would expect good profit taking selling as the price moves closer and closer.
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| Posted: 01 Apr 2011 11:35 AM PDT Toyota Motor Corp. (NYSE:TM) revealed that the earthquake and tsunami in Japan on March 11 that killed more than 10,000 people, broke down infrastructure and triggered a nuclear crisis will hurt its earnings in the financial year that just started.
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| Posted: 01 Apr 2011 11:30 AM PDT Royal Dutch Shell plc (RDS.A) has entered into an agreement with Chilean business conglomerate Quinenco for the sale of a majority of its downstream business located in that country. The total consideration of the deal has been settled at approximately $614 million. Both companies await the final approval for the completion of the proposed deal.
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| Risk-Reward Balances Family Dollar Posted: 01 Apr 2011 11:30 AM PDT Family Dollar Stores Inc.'s (NYSE:FDO) strategic initiatives to improve merchandising, marketing and store operations have resulted in sustained growth in the top and bottom lines. Management now expects a growth of 8% to 10% in net sales, 5% to 7% in comparable-store sales and 19.5% to 23.3% in earnings per share for fiscal 2011.
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| ProLogis Obtains Japanese Financing Posted: 01 Apr 2011 11:30 AM PDT ProLogis (NYSE:PLD), one of the leading global providers of distribution facilities, has recently obtained $157 million (13 billion yen) secured financing to repay its debt. The financing was obtained through a “tokutei mokuteki kaisha” (TMK) bond – a tax-favored, special-purpose vehicle created in Japan for acquiring and holding Japanese assets.
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| Hot Option Plays: Markets On The Move After US Employment Data Posted: 01 Apr 2011 11:18 AM PDT Cusick’s Corner
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| Forex – AUD/USD Up In U.S. Trade Posted: 01 Apr 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Unemployment Rate.<br/><br/> AUD/USD was trading at 1.0387, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.0205, Tuesday’s low, and resistance at 1.0389, today’s high.<br/><br/> Earlier in the day, official data showed that the U.S. unemployment rate fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Options Players Flock To Wynn Resorts Posted: 01 Apr 2011 11:13 AM PDT Options players flock to Wynn Resorts
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| Jones Lang Expands In S. Africa Posted: 01 Apr 2011 11:05 AM PDT Jones Lang LaSalle Inc. (JLL), one of the largest commercial real estate firms in the world, bought South Africa's Bradford McCormack & Associates (BMA) for an undisclosed amount.
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| Posted: 01 Apr 2011 11:05 AM PDT Discover Financial Services (NYSE:DFS) reported its first quarter earnings for fiscal year 2011 on March 22, beating the Zacks Consensus Estimate substantially by 33 cents per share, led by strong net interest income growth and lower loan loss provisions, though partially offset by higher-than-expected interest expenses.
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| GM Gets $3.8B From Delphi Sale Posted: 01 Apr 2011 11:05 AM PDT General Motors Co. (NYSE:GM) announced that it will receive $3.8 billion by selling its stake in auto parts maker Delphi Automotive. Delphi, which spun off from GM in 1999, completed its bankruptcy restructuring in four years till it was purchased by a group of 80 private investors in October 2009.
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| Toll Bros., Deutsche Bank Buy Loans Posted: 01 Apr 2011 11:05 AM PDT Gibraltar Capital and Asset Management LLC, a wholly owned subsidiary of Toll Brothers Inc. (NYSE:TOL) and Deutsche Bank (NYSE:DB) together announced the closing of a private transaction with a large financial institution.
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| New Trucks To Roll In At Ryder Posted: 01 Apr 2011 11:05 AM PDT A leading provider of integrated logistics and commercial transportation solutions worldwide, Ryder System Inc. (NYSE:R) ordered 202 heavy-duty natural gas trucks. These trucks will not only reduce emission but also pull down costs as natural gas fuel prices are much lower than diesel prices, which are steeply rising.
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| Posted: 01 Apr 2011 11:05 AM PDT The largest U.S. airline United Continental Holdings Inc. (UAL) is cutting its flights to and from Japan due to a slowdown in air travel demand in that country. Air traffic has weakened considerably in Japan following the March 11 massive earthquake and tsunami.
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| U.S. Traffic Deaths Lowest Since 1949 Posted: 01 Apr 2011 10:59 AM PDT WASHINGTON — “Americans spend more time behind the wheel of their cars than they ever have, but deaths from traffic accidents fell last year to levels not seen in more than 60 years, according to new information released Friday by the National Highway Traffic Safety Administration (NHTSA). The NHTSA estimated that 32,788 people died in accidents in the US, down by three percent from 2009 and hitting the lowest level since 1949 (see top chart). The agency estimated that Americans drove … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Housing Affordabilty Reaches New Record High Posted: 01 Apr 2011 10:47 AM PDT Housing affordability reached another new record-high in February at 192.3, rising slightly from 192.2 in January, according to data released today by the National Association of Realtors. A household with the median family income of $61,566 has 192.3% of the qualifying income needed to purchase the median priced single family home of $157,000, assuming a 20% down payment and a 30-year mortgage at 4.91%. In the Midwest region of the U.S., the housing affordability index reached … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Up During The U.S. Session Posted: 01 Apr 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.7673, up 0.74% at time of writing.<br/><br/> The pair was likely to find support at 0.7490, Monday’s low, and resistance at 0.7674, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.21% to hit 1.3530 and EUR/NZD falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Jones Lang Expands In S. Africa Posted: 01 Apr 2011 10:35 AM PDT Jones Lang LaSalle Inc. (JLL), one of the largest commercial real estate firms in the world, bought South Africa's Bradford McCormack & Associates (BMA) for an undisclosed amount.
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| Chesapeake Closes BHP Transaction Posted: 01 Apr 2011 10:35 AM PDT Chesapeake Energy Corporation (NYSE:CHK) announced that it has closed the transaction to divest its interests to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited (NYSE:BHP). The divested interests are in about 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play in central Arkansas. The deal was announced on February 21 for a total consideration of $4.75 billion in cash.
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| Posted: 01 Apr 2011 10:35 AM PDT Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has inked a licensing agreement with a leading life insurance carrier in Canada. Notably, the carrier is one of the top 10 insurance companies in the region as determined by A.M. Best Company, a credit rating firm focused on banking and insurance sectors. Financial terms were not disclosed.
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| Posted: 01 Apr 2011 10:35 AM PDT The economy added a total of 216,000 jobs in March. That is better than consensus expectations for a gain of 185,000. The increase is also better than the numbers put out on Wednesday by ADP that showed a gain of 201,000 private sector jobs. Government payrolls declined by 14,000 and the private sector added a total of 230,000 jobs. The consensus was looking for a decline of 18,000 Government jobs and thus also for a gain of 203,000 private sector jobs. The unemployment rate, which is derived … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Apr 2011 10:35 AM PDT International aerospace giant The Boeing Co. (NYSE:BA) announced that it received orders for fifteen Next-Generation 737s from Turkish Airlines. The order comprises two different models of 737, ten 737-800 and five 737-900 extended range (ER) airplanes, having an average list-price value of more than $1.2 billion.
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| As Long As QE2 In Place … Market On Upward Trend Posted: 01 Apr 2011 10:33 AM PDT 04/01/11 DME Securities’ Alan Valdes discusses the strong start to Q2, and the March US jobs … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Why The Resumption Of Libyan Oil Shipments Won’t Change Gasoline Prices Posted: 01 Apr 2011 10:28 AM PDT Why the Resumption of Libyan Oil Shipments Won't Change Gasoline Prices
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| Monetary Policy Week In Review – 2 April 2011 Posted: 01 Apr 2011 10:28 AM PDT The past week saw further continuation of the emerging market tightening theme. The following Banks that reviewed monetary policy settings decided to raise rates: Albania +25bps to 5.25%, Mauritius +50bps to 5.25%, Israel +50bps to 3.00%, and Taiwan +12.5bps to 1.75%. Meanwhile Pakistan, Hungary, Morocco, and Romania all held their policy rates steady, but with Romania adjusting its reserve requirement ratio. As noted, the key theme of emerging market monetary policy tightening continued as … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Weekly Gold And Silver Update – Testing Resistance For Bullish Projections Posted: 01 Apr 2011 10:01 AM PDT Gold's Heavy Throwback Rejected and Confirms Bullish Breakout (3/31)
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| Dollar Posts Longest Gain Streak Vs. Yen Since 2005 Posted: 01 Apr 2011 10:00 AM PDT 04/01/11 The US dollar has posted its longest gain streak since 2005 on improved US jobs … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Apr 2011 09:55 AM PDT Babcock & Wilcox Volund A/S (B&W Volund), a subsidiary of The Babcock & Wilcox Company (BWC ) announced that it has won a contract worth more than $30 million from Sweden based Lidkoping Varmeverk AB.
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| European Markets Close Higher; Dax Up 1.97% Posted: 01 Apr 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Friday.<br/><br/> At the close of European trade, Germany’s DAX rose 1.97%, London’s FTSE 100 gained 1.71%, France’s CAC 40 climbed 1.64% and the EURO STOXX 50 was up 1.79%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 216.00K last month, from 194.00K in the preceding month whose figure was revised … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 01 Apr 2011 09:35 AM PDT Archer Daniels Midland Company (NYSE:ADM) announced the successful remarketing in two parts of $1.75 billion of notes originally issued as a component of its equity units in June 2008. The $70 million notes in the first part carry a coupon rate of 4.479% and are due to mature on March 1, 2021. The $1 billion of notes in the second part carry a coupon rate of 5.765% and are scheduled to mature on March 1, 2041.
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| Positive Data For Vertex HCV Drug Posted: 01 Apr 2011 09:35 AM PDT Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported positive interim data from a mid-stage trial of hepatitis C virus (HCV) treatment, VX-222. The phase II trial, ZENITH, is being conducted to evaluate the safety and tolerability of VX-222 and telaprevir (lead pipeline candidate, being studied for HCV), in combination with pegylated-interferon and ribavirin, in treatment naïve patients with genotype 1 chronic hepatitis C.
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| Not So Sweet: Krispy Kreme Reports Fiscal 4Q Loss Posted: 01 Apr 2011 02:30 AM PDT 04/01/11 Krispy Kreme Doughnuts Inc. announced late Thursday an unexpected loss during its fiscal … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forbidden Technologies Confident To Expand As Growth Builds Posted: 01 Apr 2011 07:24 AM PDT Forbidden Technologies (LON:FBT) , the company behind the development of the FORscene Cloud video editing platform, said this week that it had made strong progress during the last year in laying the foundations for its technology and selling it to its three key strategic markets. FORscene is a Cloud-based editing suite that has been developed by Forbidden for the broadcast post-production, professional web video and user generated video markets. In the broadcast post-production and … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Kerim Sener Goes For Gold In Turkey With Ariana Resources Posted: 01 Apr 2011 04:26 AM PDT Dr Kerim Sener was studying for his PhD in Australia ten years ago when he decided it was time to start his own mining company. In just a few years, Sener and his team had established a focus on discovering and developing gold projects in Turkey and went on to bring Ariana Resources (LON:AAU) to AIM in July 2005. Since then, the company has put together a three-pronged strategy led by the development of its Red Rabbit project in the west of the country, which should enter production next year. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| The Strong Link Between GDP And Oil Consumption Posted: 31 Mar 2011 10:00 PM PDT Global crude oil and liquid fuel consumption grew at its second-fastest pace in over three decades in 2010, rising 2.8 percent to 86.7 million barrels per day, according to the U.S. Energy Information Administration (EIA). In fact, worldwide oil consumption surpassed 2007 pre-recession levels.
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