DailyMarkets.com - Willis Buys Stake In S. Africa
DailyMarkets.com - Willis Buys Stake In S. Africa |
- Willis Buys Stake In S. Africa
- Air Products’ R&D Project
- Pebblebrook Acquires Westin Hotel
- Siemens Gets $83M METRO Order
- Forex – AUD/USD Down In U.S. Trade
- Halliburton-Statoil In Norway Deals
- Accenture Extends BPO Deal
- CEO Spotlight: Sang Park, CEO Of MagnaChip Semiconductor
- European Markets Close Lower; Dax Down 0.50%
- Forex – NZD/USD Down During The U.S. Session
- Basel III To Become Flexible
- Shire, Watson In Legal Battle
- Bayer AG Upped To Neutral
- AIG’s ILFC Swaps Notes
- Regions Widens Specialty Banking
- DuPont Files Lawsuit
- Sprint: New Contract, New Hopes
- Bank Of England Holds Bank Rate At 0.50%
- “Uncertainty…holding People Back”
- Risk Appetite Returns On ECB Rate Decision, Positive Jobs Data
- European Central Bank Lifts Rate 25bps To 1.25%
- Eni’s Unconventional Search
- Schlumberger Remains Neutral
- Forex – GBP/USD Down In U.S. Trade
- The Wholesale Liquor Cartel Harms Consumers
- March Housing Stats Weak
- Higher Timeframe Lessons From The Longterm Breakout In Silver SLV
- POSCO Invests To Improve Capacity
- Smart Cloud To Boost IBM’s Cloud
- Harris Wins East African Contract
- “Mad Men” On Netflix
- Forex – EUR/USD Down At The End Of European Session
- Crude Rise Continues, Trades Above $109
- Lifeway Foods Reports Loss
- Initial Jobless Claims Fall Again
- Starwood Expands In India
- Syneron Impresses At ASLMS Meeting
- Optimer Partners Cubist For Dificid
- Encouraging Data On Roche’s Drug
- TECO Unit Firm On Green Mission
- Word From The Floor: US Start Mixed, Fall After Japan Quakes
- Forex – Dollar Mixed Vs. Rivals After ECB Sounds Caution On Rates
- Forex – GBP/USD Pares Losses After BoE Keeps Rates Unchanged
- Constellation Brands Pours Out A Strong 4Q Profit
- Forex – EUR/USD Trims Losses Despite Cautious Trichet Remarks
- Hydrodec Enjoys Sales Boost As US Demand Improves
- Carpetright Issues New Profits Warning Amid Weak Trading Conditions
Willis Buys Stake In S. Africa Posted: 07 Apr 2011 11:35 AM PDT Willis Europe BV, a division of Willis Group Holdings plc (NYSE:WSH), announced that Willis South Africa has acquired 22.5% of the equity in Amabubesi Consulting Services (ACS). |
Posted: 07 Apr 2011 11:35 AM PDT Air Products and Chemicals Inc. (NYSE:APD) is driving new technologies to bring benefits to air separation. The company initiated its third joint R&D project with the State Key Laboratory of Chemical Engineering of Tianjin University in China on advanced chemical engineering sciences that will be applied to air separation and hydrocarbon processes accelerating process development for the gases industry. |
Pebblebrook Acquires Westin Hotel Posted: 07 Apr 2011 11:35 AM PDT Pebblebrook Hotel Trust (PEB), a lodging real estate investment trust (REIT), has recently acquired The Westin Gaslamp Quarter hotel in San Diego, California, from Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT), one of the leading hotel and leisure companies in the world. The purchase price of $110.0 million was funded entirely through available cash. Starwood had been managing the property since 1996 and would continue to manage the hotel post-acquisition. |
Posted: 07 Apr 2011 11:35 AM PDT Siemens AG (NYSE:SI) was awarded a contract by Houston METRO to build and deliver nineteen S70 light rail trains inclusive of spare parts and training manuals. The order is valued at $83 million and will take the total number of trains supplied to Houston to 37. |
Forex – AUD/USD Down In U.S. Trade Posted: 07 Apr 2011 11:15 AM PDT Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> AUD/USD was trading at 1.0434, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.0289, Tuesday’s low, and resistance at 1.0508, today’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.23% to hit 1.3696 and AUD/JPY falling 0.81% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Halliburton-Statoil In Norway Deals Posted: 07 Apr 2011 11:05 AM PDT Houston, Texas-based Halliburton (HAL) announced that it has received several contracts from Statoil ASA (STO) to extend services to two high-pressure/high-temperature (HP/HT) Gudrun and Brynhild fields in the offshore region of Norway. The value of these long-term contracts is estimated to go beyond $200 million. |
Posted: 07 Apr 2011 11:05 AM PDT Accenture plc (NYSE:ACN) recently announced the extension of a Business Process Outsourcing (BPO) deal with Royal Sun Alliance ("RSA"), one of the oldest insurance companies in the UK. The company's relationship with Accenture dates way back to 2003, when the two signed the original BPO contract. |
CEO Spotlight: Sang Park, CEO Of MagnaChip Semiconductor Posted: 07 Apr 2011 11:00 AM PDT 04/07/11 After ringing the NYSE opening bell, Sang Park, CEO of MicroChip Semiconductor, gives us an exclusive interview concerning changing market conditions, trends in the semiconductor industry, and company expectations for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
European Markets Close Lower; Dax Down 0.50% Posted: 07 Apr 2011 10:55 AM PDT Forex Pros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.50%, London’s FTSE 100 shed 0.56%, France’s CAC 40 declined 0.49% and the EURO STOXX 50 was down 0.26%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.48%; the S&P 500 index shed 0.34%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – NZD/USD Down During The U.S. Session Posted: 07 Apr 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7768, down 0.37% at time of writing.<br/><br/> The pair was likely to find support at 0.7660, Monday’s low, and resistance at 0.7808, Wednesday’s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.38% to hit 1.3440 and EUR/NZD rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 07 Apr 2011 10:40 AM PDT Regulatory officials from more than two dozen countries are trying to exercise more flexibility in taking care of world's biggest banks with its new set of capital standards, known as Basel III, Reuters reported on Wednesday. In 2010, global regulators had decided to adopt tougher measures for a fixed number of critical institutions to prevent the recurrence of a global financial crisis and restore public confidence. |
Posted: 07 Apr 2011 10:40 AM PDT The legal tussle between Shire (NASDAQ:SHPGY) and Watson Pharmaceuticals Inc. (NYSE:WPI) intensified with the Ireland based Shire filing a case of patent infringement and breach of contract against Watson Pharma relating to Shire's Adderall XR. |
Posted: 07 Apr 2011 10:36 AM PDT We are upgrading Bayer AG (BAYRY) to Neutral from Underperform following the impressive fourth quarter and full-year 2010 results and the positive outlook provided by the company. |
Posted: 07 Apr 2011 10:36 AM PDT American International Group Inc.’s (NYSE:AIG) jet leasing unit International Lease Finance Corporation ("ILFC") has planned to swap new debt for old notes. |
Regions Widens Specialty Banking Posted: 07 Apr 2011 10:36 AM PDT Regions Financial Corp. (NYSE:RF) has broadened its speciality banking groups business. Through its banking subsidiary, Regions Bank, the company has forayed into lending out to technology and defense firms. The company has formed a Technology & Defense banking group and appointed David Sozio to lead this new venture. |
Posted: 07 Apr 2011 10:36 AM PDT The chemical giant EI DuPont de Nemours & Company (NYSE:DD) has sued USA Performance Technology Inc. (USA PTI), Performance Group (USA) Inc. and two individuals for misappropriating its trade secret and other confidential information with regard to its Titanium Technologies business. The company has filed a suit in the U.S. Federal Court for the Northern District of California. |
Sprint: New Contract, New Hopes Posted: 07 Apr 2011 10:36 AM PDT Sprint Nextel Corp. (NYSE:S), the third-largest U.S. wireless carrier, extended its $1.2 billion three-year health care purchasing contract with VHA Inc. Sprint has been providing wireless and wireline services to VHA for more than 14 years. |
Bank Of England Holds Bank Rate At 0.50% Posted: 07 Apr 2011 10:31 AM PDT The Bank of England (BoE) maintained the Bank Rate at 0.50% and made no changes to the GBP 200 billion asset purchase program. The United Kingdom reported inflation of 4.4% in February this year, higher than the official inflation target of 2.00%. The BoE will come under increasing pressure to raise rates given the high levels of inflation and following the 25 basis point increase the ECB just announced. The BoE will likely be looking to check in on further economic data to decide how robust … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
“Uncertainty…holding People Back” Posted: 07 Apr 2011 05:30 AM PDT 04/07/11 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s market action, and key fundamental and technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Risk Appetite Returns On ECB Rate Decision, Positive Jobs Data Posted: 07 Apr 2011 05:15 AM PDT 04/07/11 Investors continues seeking out higher-yielding assets this session as the ECB, as expected, hiked its interest rate and US jobs data showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
European Central Bank Lifts Rate 25bps To 1.25% Posted: 07 Apr 2011 10:15 AM PDT The European Central Bank (ECB) increased the main refinancing operations (fixed rate) by 25 basis points to 1.25% from 1.00% previously. The Bank also increased the marginal lending facility and the deposit facility by 25 basis points to 2.00% and 0.50% respectively. The Bank noted “Our decision will contribute to keeping inflation expectations in the euro area firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2% over the medium term.”. The move was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 07 Apr 2011 10:05 AM PDT Italy's Eni SpA (NYSE:E) plans to evaluate Algeria’s shale gas opportunities, becoming one of the first foreign companies to show interest in North African unconventional resources. This is indicative of the company's growing confidence on its upstream delivery potential on the back of a consistent flow of new fields with solid strategic rationale. |
Posted: 07 Apr 2011 10:05 AM PDT We are maintaining our Neutral recommendation on Schlumberger Limited (NYSE:SLB). We prefer to remain on the sidelines mainly due to the anticipated short-term profit disruption from the political turbulence in the Middle East and Africa and weather-related hindrances in Australia. |
Forex – GBP/USD Down In U.S. Trade Posted: 07 Apr 2011 10:00 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday.<br/><br/> GBP/USD was trading at 1.6318, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.6093, Tuesday’s low, and resistance at 1.6363, Wednesday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8763 and GBP/JPY falling 0.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
The Wholesale Liquor Cartel Harms Consumers Posted: 07 Apr 2011 09:59 AM PDT NY Times — “Imagine if Texas lawmakers, in a bid to protect mom-and-pop bookstores, barred Amazon.com from shipping into the state. Or if Massachusetts legislators, worried about Boston's shoe boutiques, prohibited residents from ordering from Zappos.com. Such moves would infuriate consumers. They might also breach the Constitution's commerce clause, which limits states from erecting trade barriers against one another. But wine consumers, producers and retailers face such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 07 Apr 2011 09:49 AM PDT Credit Suisse released their March housing data yesterday, and the results are not promising. This survey rates the climate for single family home transactions in fifty major U.S. markets coast to coast. I have found this survey to be both timely and predictive. Significantly, buyer traffic slipped in March from previous months, which were already low. The survey suggests that buyers lack confidence and are continuing to believe that home prices will continue to decline. The survey notes the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Higher Timeframe Lessons From The Longterm Breakout In Silver SLV Posted: 07 Apr 2011 09:42 AM PDT Picking up on yesterday's theme of "Higher Timeframe Perspectives," let's take a look at the larger structure of silver and learn a few lessons in commodity price breakouts which can travel higher than many traders think they can. Keep in mind that silver prices are positively correlated both with economic conditions and inflation. |
POSCO Invests To Improve Capacity Posted: 07 Apr 2011 09:35 AM PDT Korean steelmaker, POSCO (NYSE:PKX), at its recent board of directors meeting announced its recent investment plans. Apart from increasing its production capacity, the company intends to generate 1.25 million man-days employment opportunities by 2013. |
Smart Cloud To Boost IBM’s Cloud Posted: 07 Apr 2011 09:35 AM PDT Information Technology giant, International Business Machines Corp. (IBM) is set to boost its cloud computing ambitions with the launch of its new computing service "Smart Cloud". |
Harris Wins East African Contract Posted: 07 Apr 2011 09:10 AM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a contract from an East African country for Falcon III and Falcon II tactical radios worth $11.7 million. |
Posted: 07 Apr 2011 09:05 AM PDT Netflix Inc (NASDAQ:NFLX) has entered into a multi-year deal with Lions Gate Entertainment Corp. (NYSE:LGF) for streaming "Mad Men". The deal value is estimated between $75 million and $100 million, according to the Wall Street Journal. |
Forex – EUR/USD Down At The End Of European Session Posted: 07 Apr 2011 09:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4285, down 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.4152, Tuesday’s low, and resistance at 1.4349, Wednesday’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.14% to hit 0.8763 and EUR/JPY falling 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Crude Rise Continues, Trades Above $109 Posted: 07 Apr 2011 08:45 AM PDT 04/07/11 The combination of ongoing conflicts in Libya and a weaker US dollar has helped push front month crude prices above $109 a barrel this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 07 Apr 2011 08:35 AM PDT Morton Grove, Illinois-based Lifeway Foods,Inc. (NASDAQ:LWAY) posted a loss of 1 cent in the fourth quarter of fiscal 2010, below the Zacks Consensus Estimate of a profit of 6 cents and the year-ago earnings of 1 cent per share. The lower-than-expected results were due to higher commodity costs. |
Initial Jobless Claims Fall Again Posted: 07 Apr 2011 08:35 AM PDT Initial Claims for Unemployment Insurance fell by 10,000 last week to 382,000. However, last week was revised up by 4,000, so one could see it as a 6,000 decrease. This was a bit better than the expected level of 386,000. The trend in initial claims is downward, although there have been some bumps along the way. The weekly numbers, after an erratic few months, seem to have broken decisively to the downside. First the holidays and then the bad weather seemed to have played havoc with the weekly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 07 Apr 2011 08:35 AM PDT Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) is set to further expand in the Indian hotel market. The company announced its intention of opening 7 additional hotels in India by year-end 2011. This would bring the total to 37 properties in India. |
Syneron Impresses At ASLMS Meeting Posted: 07 Apr 2011 08:21 AM PDT Syneron Medical Ltd. (NASDAQ:ELOS), a worldwide leader in the medical aesthetic device business, strengthened its dedication to science and won the faith of aesthetic physicians, with the robust performance of its know how at the recently held 31st Annual Conference of the American Society of Laser Medicine and Surgery ("ASLMS") in Grapevine, Texas. |
Optimer Partners Cubist For Dificid Posted: 07 Apr 2011 08:21 AM PDT Optimer Pharmaceuticals Inc. (NASDAQ:OPTR) recently announced an exclusive two-year agreement with Cubist Pharmaceuticals Inc. (NASDAQ:CBST) to co-promote its lead pipeline candidate, fidaxomicin, to be sold as Dificid in the US. The collaboration follows on the heels of a US panel backing for Dificid for the treatment of Clostridium difficile infection (CDI), which is also known as Clostridium difficile-associated diarrhea (CDAD). |
Encouraging Data On Roche’s Drug Posted: 07 Apr 2011 08:21 AM PDT Roche Holdings Ltd. (RHHBY) recently announced positive data from a mid-stage trial of trastuzumab emtansine (T-DM1) in patients with HER2-positive metastatic breast cancer. The phase II trial (TDM4450g) was conducted to compare T-DM1 with the combination of Herceptin (trastuzumab) and chemotherapy (docetaxel) in treatment naïve patients. |
TECO Unit Firm On Green Mission Posted: 07 Apr 2011 08:21 AM PDT TECO Energy Inc.’s (NYSE:TE) subsidiary, Tampa Electric Company continues to do its bit to lower the emission of green house gas in the environment. As in the past, the company will encourage its customers to be a part of the green energy mission through its renewable energy program. |
Word From The Floor: US Start Mixed, Fall After Japan Quakes Posted: 07 Apr 2011 03:19 AM PDT 04/07/11 US stocks started out mixed, following a decline in jobless claims and March same-store sales. Japan was rattled by a new earthquake, adding to risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – Dollar Mixed Vs. Rivals After ECB Sounds Caution On Rates Posted: 07 Apr 2011 07:57 AM PDT Forex Pros – The U.S. dollar was mixed against its major counterparts on Thursday, after the European Central Bank raised its interest rate for the first time in almost three years but dampened expectations for further rate hikes.<br /><br />During U.S. morning trade, the greenback was up against the euro, with EUR/USD shedding 0.26% to hit 1.4292.<br /><br />Earlier in the day, the ECB lifted its key lending rate to 1.25% from a record low of 1.0% but ECB President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – GBP/USD Pares Losses After BoE Keeps Rates Unchanged Posted: 07 Apr 2011 07:49 AM PDT Forex Pros – The pound pared losses against the U.S. dollar on Thursday, retreating from the daily low after the Bank of England held interest rates at a record low of 0.5% as expected.<br /><br />GBP/USD retreated from 1.6264, the daily low to hit 1.6318 during U.S. morning trade, down 0.08% on the day.<br /><br />Cable was likely to find support at 1.6090, Tuesday’s low and resistance at 1.6363, Wednesday’s high and a two-week high.<br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Constellation Brands Pours Out A Strong 4Q Profit Posted: 07 Apr 2011 02:30 AM PDT 04/07/11 Helped by a double-digit rise in North American wine sales, Constellation Brands announced Thursday that it saw a jump in profit during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – EUR/USD Trims Losses Despite Cautious Trichet Remarks Posted: 07 Apr 2011 07:29 AM PDT Forex Pros – The euro trimmed losses against the U.S. dollar in volatile trade on Thursday, after European Central Bank President Jean-Claude Trichet said that the banks interest rate hike was not necessarily the first in a series.<br /><br />EUR/USD retreated from 1.4242, the daily low, to hit 1.4306 during U.S. morning trade, down 0.17% on the day.<br /><br />The pair was likely to find support at 1.4207, Wednesday’s low and resistance at 1.4348, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Hydrodec Enjoys Sales Boost As US Demand Improves Posted: 07 Apr 2011 02:37 AM PDT Hydrodec (LON:HYR) , the company the reprocesses spent industrial oils and turns them into its own Superfine transformer oil, enjoyed a sales surge last year on the back of rising industrial demand in the US. However, uncertainty over access to debt funding to smooth out the flow of feedstock into the business later this year overshadowed the company's best annual performance for some time. The Hydrodec share price fell by 5.5% to 6.5p. Revenues at Hydrodec increased by 71% to US$17.8 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Carpetright Issues New Profits Warning Amid Weak Trading Conditions Posted: 07 Apr 2011 01:21 AM PDT Carpetright (LON:CPR) , the FTSE 250 specialist carpet and floor coverings retailer, issued a revised profit warning this morning, sending shares in the company down by 37.5p to 634p. Underlying pre-tax profits for the year to April 30, 2011 are now set to come in broadly in line with the £17.2m of profits it made in the 2009 full year. In February Carpetright said it was expecting to beat that 2009 figure but miss the £28.2m profit level that it reached in 2010. The company blamed the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
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