Thursday, April 7, 2011

DailyMarkets.com - Willis Buys Stake In S. Africa

DailyMarkets.com - Willis Buys Stake In S. Africa


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).
ACS, a specialist employee benefits consulting business, is part of the Amabubesi Group, a South African investment company. Earlier, in August 2009, Amabubesi acquired a 26% stake in Willis South Africa.
Also,  Peter Moyo, Executive Director of Amabubesi, and Ndivhuwo Ravele, former CEO of ACS, have joined the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Air Products’ R&D Project

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.
 Air Products and Tianjin University have signed three joint R&D agreements on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
The 450-unit Westin Gaslamp … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Siemens Gets $83M METRO Order

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.
Siemens was the turnkey conractor for Houston METRO’s 7.5 mile starter line, which opened in Jan 2004.
The new rail cars are scheduled for delivery beginning in October 2012. The S70 has a maximum speed of 66 miles per hour.
Siemens is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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&rsquo;s low, and resistance at 1.0508, today&rsquo;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.
The scope of the deals involve supply of directional drilling, logging-while-drilling, cementing, drilling fluids along with completion equipment and services by Halliburton at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Accenture Extends BPO Deal

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.
Royal Sun Alliance is an FTSE 100 company, listed on the London Stock Exchange. It runs general insurance businesses and offers a wide range of insurance products and services to both commercial and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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&rsquo;s DAX fell 0.50%, London&rsquo;s FTSE 100 shed 0.56%, France&rsquo;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&rsquo;s low, and resistance at 0.7808, Wednesday&rsquo;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


Basel III To Become Flexible

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.
The flexibility will allow regulators to add or remove banks, which are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Shire, Watson In Legal Battle

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.
Adderall XR is indicated for treating patients suffering from attention deficit hyperactive disorder (ADHD). ADHD refers to a neurobiological disorder that is often hereditary in nature. The disease gives way to lack of attention and often results in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bayer AG Upped To Neutral

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.
Bayer performed impressively in the final quarter of 2010. Revenues increased 14.5% driven by impressive performance across all segments. The three major segments: Healthcare, Material Science and Crop Science accounted for approximately 45.6%, 26.7% and 5.3%, respectively, of total revenues recorded during … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AIG’s ILFC Swaps Notes

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.
AIG's subsidiary ILFC has stated that it will exchange up to $2.75 billion in new publicly registered debt for old private notes.
According to ILFC, the newly registered notes of $2.75 billion will involve an exchange of up to $1.25 billion in 8.625% registered senior notes due 2015 for any and all of its outstanding privately placed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
Regions Bank will offer a full collection of banking services to technology and defense firms, with stress on advisory services, syndicated financing as well as debt capital for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DuPont Files Lawsuit

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.
The company remains committed to safeguarding its information, particularly in the best interests of its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
The contract win will serve as a major catalyst to the company in the current scenario in which it is eyeing opportunities for growth. Sprint has been worried since the proposed merger of AT&T Inc. (NYSE:T) and Deutsche Telekom's unit T-Mobile USA was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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


Eni’s Unconventional Search

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.
Substantial amounts of gas have accumulated in geologic environments, referred to as unconventional gas, in joints and fractures of tight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Schlumberger Remains Neutral

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.
In the fourth quarter of 2010, the company substantially surpassed our estimates, mainly attributable to strong activity in the liquid rich plays in North America and overall improvement in Canada. Notably, it's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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&rsquo;s low, and resistance at 1.6363, Wednesday&rsquo;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


March Housing Stats Weak

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.
Let's start with the big monthly frame of Silver Prices:

Keep in mind that silver prices are positively correlated both with economic conditions and inflation.
Let's focus first on the $20.00 index level which was initially hit in early 2008 during the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
The company will work toward the development of the fourth FINEX plant, the third wire rod plant and a new stainless steel plant. Construction of the FINEX plant with 2 million tons of production capacity is expected to commence in June 2011 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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".
Smart Cloud offers cost-effective data analysis, supply chain management and sales management capabilities to big companies that incur significant IT costs related to these operations. The Smart Cloud would enable the companies to store their data on IBM's servers and access it securely over the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
Harris will supply the Falcon III® RF-7800V Very-High Frequency (VHF) Combat Net Radios, which supports both voice and data communications (including line-of-sight or beyond line-of-sight locations). These tactical radios are very useful during wars as it offers high-resolution file sharing and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


“Mad Men” On Netflix

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.
"Mad Men" is a drama series set in the 1960s. From July 27, 2011, Netflix subscribers will be able to stream the first four seasons, while subsequent seasons will be added annually after it goes on air on the AMC Network. The fifth season is expected to be aired … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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&rsquo;s low, and resistance at 1.4349, Wednesday&rsquo;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


Lifeway Foods Reports Loss

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.
Lifeway Foods engages in manufacturing dairy and non-dairy health food products.The company reported total revenue of $16.1 million in the quarter, up 11.0% year over year. The upside in revenue was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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


Starwood Expands In India

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.
Starwood ventured into the Indian market with its Sheraton brand in Mumbai in 1973. Since then the company has accelerated its expansion and currently, the company possesses 30 hotels in India under the Westin, Sheraton, Four Points by Sheraton, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.    
The company believes that its mixture of modern science, strong trust within the worldwide aesthetic community and favorable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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).
The FDA decision on Dificid is expected in May 2011. The candidate is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
The trial results demonstrated that patients treated with T-DM1 achieved higher progression free survival (the primary endpoint of the study) and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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.
Tampa Electric has chosen Earth Day, which is held on April 22, for this cause and has requested customers to “Go Green” by purchasing renewable energy for their homes and businesses. The company is offering renewable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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&rsquo;s low and resistance at 1.6363, Wednesday&rsquo;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&rsquo;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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