Friday, April 1, 2011

DailyMarkets.com - Raytheon Wins Missile Contract

DailyMarkets.com - Raytheon Wins Missile Contract

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.
The Standard Missile 3 is a ship-based missile system used by the US Navy to intercept aircraft, ships, ballistic and cruise missiles as a part of the Aegis Ballistic Missile Defense System.
The Aegis Ballistic Missile Defense System … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gilead’s Pact To Fight Cancer

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.
The collaboration will initially extend for four years during which Gilead will finance $40 million for research support and basic science infrastructure development. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Headed by Zheqiang (Al) Xie, XL Insurance (China) Company Limited will offer products and services in Property, Casualty, Specialty and Professional Lines. In December 2010, China Insurance Regulatory Commission granted a license to XL Group to function as a property and casualty company in China.
With commencement of operations in Shanghai, XL … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Providing a proper picture of the fluid path, MicroCLAVE Clear enables physicians to ensure effective clearing of the blood and blood residual from patient catheter with a very low flush volume. Additionally, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AIG’s ILFC Refinances Debt

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.
Accordingly, ILFC's term loan will be funded over the next 12 months and is set to mature in 2018. In addition, its proceeds will be used to prepay ILFC's existing unsecured and secured bank facilities due in October 2011 and 2012.
Besides, ILFC has also … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The application is also compatible with Google Inc.'s (GOOG) Android mobile operating systems based devices, for Android 2.0 or later.
Mozy provides online backup service to more than one million customers and 70,000 business users through its MozyHome and MozyPro applications.
Mozy mobile app allows existing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Under the contract, General Dynamics will assist the U.S. Air Force with its F-22A Integrated Maintenance Information System (IMIS) program.
The indefinite delivery, indefinite quantity contract will involve customization of laptops that will be used to perform maintenance on F-22 fighter jets. These … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Entergy also said that it has no intention of selling the Vermont plant, which was put up for sale last November as it reported several leaks of radioactive material from the underground pipes.
The new 20-year deal, which will supply power to Vermont Electric Co-op. customers, is contingent upon the receipt of approval … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rowan Reiterated At Neutral

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.
Rowan's better-than-expected fourth quarter results mainly driven by improvements in its drilling and manufacturing operations. The company's contract drilling … [visit site to read more] or compare Best Credit Cards and Best CD Rates

VIVACOM Adopts HP Solutions

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.
VIVACOM's next-generation intelligent network will be aimed at extending a more personalized experience to more than 600,000 prepaid and virtual private network customers.
 VIVACOM is a telecommunications service … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Lawson Tows Zacks Consensus

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.
Net income was positively influenced by an improvement in operating income as well as a gain from the settlement of a bankruptcy claim, sale of marketable securities and lower income tax provision.
Excluding one-time charges but including stock-based compensation expenses, EPS came … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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. 
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events.
The report provides an overview of the level of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The four communities – Arbor Ranch, the Pines, the Willows and Amberly – are scheduled to open by April-end. While Arbor Ranch will be built under the Centex brand, the other three will be constructed by Pulte itself.
The positive rebound of the U.S. economy has inspired many homebuilders to recover their lost pace, even though the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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).
Based on some negotiations with MCC, Calgon acquired the final 20% without any additional cash. CCJ is now a fully owned subsidiary of Calgon Carbon.
Exactly a year ago, the company increased its stake in the joint venture from 49% to 80% through the redemption of MCC shares and had changed the name to Calgon Carbon Japan KK.
Last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The Cameroon Ministry of Finance intends to use IBM's mainframe and storage technologies to provide the necessary support to improve the efficiency of the whole payroll processing system in the country. The implementation of IBM's main frame technology is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Activision Unveils New Game

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.
The game has been developed by Beenox, a studio owned by Activision and is slated to release in the fall.
Spider Man: Edge of Time is the latest addition to the Spider-Man game series. The game features a unique “cause-and-effect” gameplay. As the name suggests, the feature helps players experience how the effects of shifting timelines impact … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobs Report In-Depth, Pt. 3

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

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.
The food chain recently announced that the interior or exterior of more than half of its 700 plus restaurants across the United States will get the look of farmhouses in Tuscany, Italy.
Olive Garden bounced back to growth in the first half of 2011 after a lackluster year. The company's third quarter U.S. same restaurant sales were flat, 1.5 percentage points below its own … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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

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

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.
In early-March, FTI Consulting announced the acquisition of International Arbitration and Airline Competition practices of LECG Corporation. Then, in mid-March, the company stated plans to acquire the majority of LECG Corporation's European operations.
LECG is a global economics, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AAR Teams Up With U.S. Army

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.
The company will support the U .S. Army’s Standard Automotive Tool Set program by providing its versatile mobility solutions. AAR Corp.'s products enhance efficiencies and enable field repairs to support the U.S. Army Combat Service and other national priorities.
In mid-March, AAR Corp. posted encouraging results for the third quarter of fiscal year 2011. The company's net income from continuing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
RaceTrac Petroleum Inc. operates a chain of gasoline stations and convenience stores across five states in the south east. As of now, NCR Corp. has installed 200 kiosks and the rest are to be installed by June.
RaceTrac customers will have 24×7 rental access at its kiosks through a credit or debit card. DVDs will be available at a rent of $1 per night and can be returned at any … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rite Aid Comps Slip

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.
Results moderated from an increase of 1.0% in February 2011.
For the month of March, front-end same-store sales decreased 1.8%. The sales were negatively impacted by a shift in Easter Holiday.
Pharmacy same-store sales in March improved 0.8% despite a 176 basis point headwind from new generic introductions. Results slightly slipped from a 0.9% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

Hot Option Plays: The Canary Chirped

Posted: 01 Apr 2011 02:18 PM PDT

Cusick’s Corner
The market held its ground into the After Hours, but I did not see the thrust that I would give the bulls the total edge. Next week has the potential to be more volatile, with the EU rate decisions on the Thursday, looks like more tightening by the hawks looming, and the canary, Copper (JJG), started to chirp again, on concerns of potentially slower growth in China. While this might be a little contrarian to my discussions of looking at emerging markets form the Midday, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.4246, today&rsquo;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

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.
Therefore, as Heinz is already the world's largest manufacturer of ketchup, this acquisition is an ideal strategic decision by the company. The acquisition also brings in its train a modern factory that is centrally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The double-blind study evaluated BMS-790052 at three doses (3 mg, 10 mg or 60 mg) in treatment-naïve patients … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Manpower In Neutral Lane

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.
The company's brand value and strong global network provide a competitive advantage to the company and reinforce its dominant position in the market. Manpower leverages a strong … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobs Report In-Depth, Pt. 2

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

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.
With a continued decline in the single-family homeownership rate across the U.S. and gradual improvement in the overall economy, apartment REITs performed strongly in fiscal 2010. We expect this sector to remain comparatively stable in the coming quarters as well, since renting has emerged as the only viable option for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.6151, Thursday&rsquo;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

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

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&rsquo;s low, and resistance at 84.73, today&rsquo;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

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&rsquo;s low, and resistance at 84.73, today&rsquo;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

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.
Managements of the giant food chains accept the fact that a desired level of productivity is to be achieved and the macroeconomic difficulties will segregate the players of the food retail industry in to a different … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EA Launches On Facebook

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.
Electronic Arts was shut out of the baseball segment for the last six years, as one of its prime competitors Take Two Interactive Software Inc. (NASDAQ:TTWO) had an exclusive third party agreement with MLB. However, the facebook game opens … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The Ireland-based company will showcase its surgical products and present data from self-sponsored clinical studies at SAGES 2011 on April 1 and April 2, 2011, in two podium presentations, two video sessions as well as eight poster … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The current Zacks Consensus Estimate is a loss per share of 9 cents for the fourth quarter fiscal 2011 and a loss per share of 45 cents for fiscal 2011.
Over the trailing four quarters, Apogee Enterprises fell short of the Zacks Consensus Estimate for three straight quarters but outperformed in the third quarter of fiscal 2011. The average earnings surprise was negative 77.03%.
Third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.4246, today&rsquo;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

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

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

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.
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
Fred’s Inc. posted an EPS of 22 cents in its fourth quarter of fiscal 2010, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish On NOV Near-Term

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.
National-Oilwell Varco, which ranks ahead of Cameron International Corp. (NYSE:CAM) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Lockheed delivered the first two U.S. Army Batteries in late 2006. Since its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The net proceeds from the offering totaled $484 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.6151, Thursday&rsquo;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

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.
The Social Innovation Awards, hosted by leading news distribution and social networking service provider "JustMeans," is an international award for rewarding companies employing innovative strategies and programs in support of a more socially conscious future.
Ecolab introduced DryExx … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Threshold Pharma, which focuses on developing products for the treatment of cancer, currently has no marketed products. The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bullish On NOV Near-Term

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.
National-Oilwell Varco, which ranks ahead of Cameron International Corp. (NYSE:CAM) … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 0.9822, Monday&rsquo;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

Ally Financial Files For IPO

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.
During the height of the financial crisis in 2008 and 2009, Ally Financial received more than $17 billion by way of bailout money in several transactions as part of its participation in the government's $700 billion Troubled Asset Relief Program (TARP).
The U.S. Treasury now owns a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AmSurg Sinks To Underperform

Posted: 01 Apr 2011 12:05 PM PDT

Recently, we downgraded AmSurg Corporation (NASDAQ:AMSG) to Underperform with a target price of $23.00.
Although AmSurg recorded an 11% year-over-year growth in revenues during the fourth quarter of 2010, the company is witnessing several challenges in the near term, which gets reflected in its outlook for 2011. The company's guidance of $740−$770 million in revenues resulting in EPS of $1.64−$1.68 was below our expectation of $1.78.
Among the various challenges witnessed by the company, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The bioequivalent version of Ferrlecit is originally … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
CRT is a treatment for heart failure that uses an implantable device to improve the pumping of the heart. During the third … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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&rsquo;s low, and resistance at 1.4245, today&rsquo;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

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.
Next week the ECB will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Toyota Cautious, Raise Prices

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.
The catastrophe in Japan damaged many parts supplying companies' plants that manufacture key components for cars and trucks in the U.S. and other countries. As a result, Toyota remained uncertain about resuming its production.
Production resumed at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Shell Trims Downstream Unit

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.
The assets to be disposed include Shell's existing Retail, Commercial Fuels, Bitumen and Chemicals businesses, along with related supply and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
We believe there is a tremendous opportunity to increase sales and improve gross margin through effective price management, cost containment, tighter inventory … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Secured by real estate assets, the TMK issues corporate bonds or equity (in the form of preferred shares), which can be bought by both Japanese and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Markets On The Move After US Employment Data

Posted: 01 Apr 2011 11:18 AM PDT

Cusick’s Corner
Jobs, that is what the market was greeted with this morning, Payrolls up over the 200k mark and Unemployment still dropping, 8.8%. The market tore up on the open and has held into the Midday. The question is how you play the rising risk of inflation and growth. One might look at the emerging markets, EEM, because these markets look to be ending their tightening, look at China (FXI), and the short term commodity pressures in these emerging markets is mitigated with the cycle of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s low, and resistance at 1.0389, today&rsquo;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

Options Players Flock To Wynn Resorts

Posted: 01 Apr 2011 11:13 AM PDT

Options players flock to Wynn Resorts
Today’s tickers: WYNN, AVL, LLTC & GM
Wynn Resorts, Ltd. (NASDAQ:WYNN) – Options traders are placing bullish bets on the casino resort operator this morning with shares in Wynn Resorts surging 6.6% to an intraday- and more than three-year high of $135.59. Shares in the Las Vegas, NV-based company, which operates Wynn Macau in China, rallied sharply after casino revenue in Macau jumped 48% over the previous year, topping $2.5 billion in March. Options … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Jones Lang is already present in several client facilities across the country. This is the first time that Jones Lang will open its doors in South Africa with the formation of Jones Lang LaSalle South Africa, its first structured office in the country. This deal leads to business growth opportunities across … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Scorecard: Discover

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.
Nonetheless, the investors' reactions to the better-than-expected results were quite optimistic on Wall Street. This gets reflected in the upward price movement witnessed since … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Elliott Management and Silver Point Capital bought a controlling interest in Delphi. Delphi paid for the deal with cash from a $3 billion credit facility from JP Morgan Chase (NYSE:JPM).
The deal would … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The transaction involves the purchase of a portfolio consisting of 83 non-performing loans with outstanding balances of almost $200 million. The average size of the loan is approximately $2.4 million. The portfolio, mainly consisting of residential acquisition, development and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
With this order, the company has embarked upon the largest commercial natural gas truck project in North America. The project aims at delivering environmentally sound and cost … [visit site to read more] or compare Best Credit Cards and Best CD Rates

United Flying Less To Japan

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.
The carrier is expected to cut 10% of its Japanese capacity in April and 14% in May. United will trim its flights between Tokyo and U.S. cities like New Jersey, Los Angeles, Seattle and Washington.
Earlier in the month, United had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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

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&rsquo;s low, and resistance at 0.7674, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.21% 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

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.
Jones Lang is already present in several client facilities across the country. This is the first time that Jones Lang will open its doors in South Africa with the formation of Jones Lang LaSalle South Africa, its first structured office in the country. This deal leads to business growth opportunities across … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
Under the transaction, Chesapeake sold assets producing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

More Insurance Deals For CSC

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.
Under the agreement, Computer Sciences has licensed its Wealth Management Accelerator software to manage the insurance company's annuity … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Jobs Report In Depth, Pt. 1

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

More Orders For Boeing 737

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.
The next-generation 737 has been popular among airline operators since its introduction in 1997. Boeing continues to upgrade the airplane, and the airplanes, which will be delivered to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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
by David Fessler, Investment U's Energy and Infrastructure Specialist
Friday, April 1, 2011: Issue #1482
In a move that perhaps best underscores the progress of the Libyan rebels – and dishes the biggest slap in the face to Muammar Gaddafi – the rebel council announced earlier this week that Qatar plans to buy oil from its facilities in Libya.
According to Ali Tarhoni, the rebels' representative for economy, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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)
Gold (XAU/USD)
Short to Medium Term
- Gold should accelerate with a close in the daily above 1.447 record high. This can open up the bullish swing towards 1510. However, resistance can be expected at 1480 as well. This is between 138.2% and 150% extended retracement of the decline from Dec-Feb.
- If there is a rally form the current support above 1410, we should monitor the 1430 level. A break above that can be an early … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

BWC Wins Swedish Contract

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.
Per the terms of the agreement, Babcock & Wilcox Company will design and supply a boiler, combustion system, emissions control components and other equipment for the development of a waste-to-energy, combined heat and power plant in Lidkoping.
With engineering work … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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&rsquo;s DAX rose 1.97%, London&rsquo;s FTSE 100 gained 1.71%, France&rsquo;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

ADM Remarkets Debt

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.
In June 2008, the company had issued $1.75 billion of debentures as a component of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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.
The study data demonstrated that 90% patients who were dosed VX-222 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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

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

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

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.
For 2011 and 2012, the EIA forecasts that, around the world, we'll use an annual average of 1.6 million barrels of oil per day. The EIA says this increase is expected to be driven by rising demand from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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