DailyMarkets.com - Analyst Interviews: U.S. Railroad Industry Outlook
DailyMarkets.com - Analyst Interviews: U.S. Railroad Industry Outlook |
- Analyst Interviews: U.S. Railroad Industry Outlook
- Nexen Guides Lower ’11 Output
- Simon To Build A Phoenix Mall
- Delta To Trim Capacity Further
- Thermo Fisher To Acquire Phadia
- General Mills Eyes Yogurt Biz
- Boston Scientific Remains Neutral
- Hot Option Plays: Is Volatility Back?
- Forex – AUD/USD Up In U.S. Trade
- Debt Ceiling Must Be Raised
- Good News Buoys Endo Pharma
- Tiffany Enhances Return
- Raven’s 1Q Outshines
- Caterpillar Sales On A Roll
- Forex – NZD/USD Up During The U.S. Session
- M&T Repays $700M In TARP
- Intuit Beats On Strong Tax Season
- Gap Hit By Costs, Lowers Outlook
- Petrobras Extends Brazil Contract
- Wet Seal In Line, Outlook Positive
- “Pullback…levels We Expected”
- Salesforce.com Posts Decent 1Q
- Autodesk In Line With Zacks
- Chico’s Beats On Bottom Line
- IGT To Install SbX At Fandango
- Euro Extends Losses On Greece Downgrade
- Forex – GBP/USD Up In U.S. Trade
- FDA Panel Backs Abbott Drug
- IDEX Expands Optics, Photonics
- Boeing Riding On Orders Galore
- European Markets Close Lower; Dax Down 1.24%
- Bob McTeer On CNBC – The Fed’s Exit Strategy
- TGI Offers Common Stock To Public
- Cliffs Resumes Mining Operations
- ITW Provides Revenue Update
- Revenues Rise At Alkermes
- Forex – EUR/USD Down At The End Of European Session
- Lack Of Compromise For Greece Sparks More Risk Aversion
- Forex – USD/JPY Up Toward The End Of European Session
- WU Hikes Quarterly Dividend
- Earning Scorecard: Harris Corp.
- Forex – GBP/USD Down Toward The End Of European Session
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Key ST Resistance At 98
- Jack Misses, Sales And Margin Lag
- Shoe Carnival Surges On Higher Comps
- Word From The Floor: Wall Street In The Red, After Two-day Advance
- Forex – EUR/USD Down During The European Session
- Forex – GBP/JPY Down In European Trading Hours
- What’s Happening To Semiconductor Stocks (SMH)?
- Welcome To The Hotel California!
- Crude Continues To Trade Around $99
- Ebiquity Looks To Boost Analytics Offering With Echo Acquisition
- Scottish Amp; Southern Energy Buys Wind Farm As Investors Enjoy Dividend Boost
| Analyst Interviews: U.S. Railroad Industry Outlook Posted: 20 May 2011 11:35 AM PDT Early indications are painting a rosy picture for the U.S. Freight Railroads in 2011. In the first quarter of 2011, the U.S. rail carload volume was up nearly 5.3% compared with the prior-year quarter. A recent report of the Association of American Railroads (AAR), the main trade body of the U.S. Freight Railway industry, stated that the first quarter 2011 rail carload volume, excluding grain and coal, is up nearly 7.9% to 4.6 million compared with the prior-year quarter. This was the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 20 May 2011 11:35 AM PDT Nexen Inc. (NYSE:NXY), one of the top Canadian independent oil explorers, said that its annual production is expected to be at the lower end of its guidance range of 230–270 thousand barrels of oil equivalent a day (MBoe/d) before royalties, reflecting downtime at its Buzzard platform in the North Sea and a labor strike in Yemen.
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| Posted: 20 May 2011 11:35 AM PDT Simon Property Group Inc. (NYSE:SPG), a leading real estate investment trust (REIT), has recently announced its decision to develop Phoenix Premium Outlet – an upscale outlet shopping center serving the Greater Phoenix and Scottsdale areas in Arizona.
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| Delta To Trim Capacity Further Posted: 20 May 2011 11:35 AM PDT Delta Air Lines Inc. (NYSE:DAL), the second largest U.S. airline, is cutting more capacity to cope with persistently rising fuel prices and changing air travel demand conditions.
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| Thermo Fisher To Acquire Phadia Posted: 20 May 2011 11:35 AM PDT Thermo Fisher Scientific (NYSE:TMO) is on an acquisition spree. Soon after completing the acquisition of Dionex Corporation for $2.1 billion earlier this week, the company announced its decision to acquire Phadia for €2.47 billion (approximately $3.5 billion) in cash from European private equity firm Cinven. Phadia, based in Uppsala, Sweden is a leading player in allergy and autoimmunity diagnostics.
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| Posted: 20 May 2011 11:35 AM PDT General Mills Inc. (NYSE:GIS) announced that it has inked a deal of $1.5 million with equity firm PAI Partners and French dairy cooperative Sodiaal to acquire 51% of Yoplait S.A.S. and 50% of a related entity that holds the Yoplait brands worldwide.
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| Boston Scientific Remains Neutral Posted: 20 May 2011 11:35 AM PDT Recently, we reiterated our Neutral recommendation on Boston Scientific Corporation (NYSE:BSX) with a target price of $7.25.
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| Hot Option Plays: Is Volatility Back? Posted: 20 May 2011 11:18 AM PDT Cusick’s Corner
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| Forex – AUD/USD Up In U.S. Trade Posted: 20 May 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0694, up 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.0506, Tuesday’s low, and resistance at 1.0711, today’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.95% to hit 1.3285 and AUD/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 20 May 2011 11:05 AM PDT The Treasury has already started taking extraordinary measures to enhance the country's borrowing ability after it hit the debt ceiling on Monday, as there is a buffer time until August 2 to avoid defaulting on its payment obligations. However, the government is probably left with only one way to keep the country solvent — to raise the debt ceiling as soon as it can.
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| Posted: 20 May 2011 11:05 AM PDT Recently, the US Food and Drug Administration (FDA) helped boost Endo Pharmaceuticals' (NASDAQ:ENDP) generic portfolio by approving dexamethasone elixir and Orsythia tablets.
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| Posted: 20 May 2011 11:05 AM PDT Just nearly a week before its first-quarter 2011 earnings release, Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, hit the market with the news of dividend increase, revealing its plan to utilize its free cash to enhance shareholders' return, thereby boosting investors' confidence on the stock.
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| Posted: 20 May 2011 11:05 AM PDT Raven Industries Inc. (NASDAQ:RAVN) reported first quarter results delivering an EPS of 86 cents versus 72 cents in the year-earlier quarter, outperforming the Zacks Estimate of 74 cents.
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| Posted: 20 May 2011 11:05 AM PDT Caterpillar Inc. (NYSE:CAT) maintained its sales growth trajectory in April, registering a global sales growth of 66% in the reported month, the highest so far in 2011. The monthly sales growth was a stark improvement over the 4% decline during the same period last year.
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| Forex – NZD/USD Up During The U.S. Session Posted: 20 May 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 0.7994, up 1.07% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday’s low, and resistance at 0.8000, today’s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.72% to hit 1.3392 and EUR/NZD falling 1.68% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 20 May 2011 10:40 AM PDT M&T Bank Corporation (NYSE:MTB) has repaid $700 million in Troubled Asset Relief Program (TARP) funds to taxpayers.
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| Intuit Beats On Strong Tax Season Posted: 20 May 2011 10:40 AM PDT Intuit Inc. (NASDAQ:INTU) reported third quarter 2011 adjusted income per share (EPS) of $2.23, surpassing the Zacks Consensus Estimate of $2.19. The adjusted EPS excludes amortization of acquired technology and intangible assets and tax adjustments, but includes stock-based compensation expenses.
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| Gap Hit By Costs, Lowers Outlook Posted: 20 May 2011 10:35 AM PDT Gap Inc.’s (NYSE:GPS) first-quarter 2011 earnings of 40 cents per share declined 11.1% from last year’s 45 cents, while the earnings came a penny ahead of the Zacks Consensus Estimate.
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| Petrobras Extends Brazil Contract Posted: 20 May 2011 10:35 AM PDT Petroleo Brasileiro S.A. (NYSE:PBR) or Petrobras S.A. entered into phase two of the expanded contract with Zerust Prevencao de Corrosao S.A. The latter is the Brazilian unit of Northern Technologies International Corporation (NASDAQ:NTIC).
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| Wet Seal In Line, Outlook Positive Posted: 20 May 2011 10:35 AM PDT Wet Seal Inc. (NASDAQ:WTSLA) reported adjusted earnings of 8 cents a share in the first quarter of 2012. Earnings were in line with the Zacks Consensus Estimate. However, this was a 166.7% increase from the year-ago quarter.
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| Posted: 20 May 2011 10:35 AM PDT 05/20/11 Meridian Equity Partners’ Stephen Guilfoyle discusses the pullback in US equities, and weighs in on the near-term technical outlook for the major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Salesforce.com Posts Decent 1Q Posted: 20 May 2011 10:05 AM PDT Salesforce.com Inc. (NYSE:CRM) reported first quarter fiscal 2012 adjusted net income of 6 cents per share, a penny ahead of the Zacks Consensus Estimate. The adjusted figure excludes amortization of intangibles and debt discount, but includes stock-based compensation.
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| Posted: 20 May 2011 10:05 AM PDT Engineering and entertainment software design maker, Autodesk Inc. (NASDAQ:ADSK) reported first quarter 2012 earnings of 31 cents per share, in line with the Zacks Consensus Estimate. Earnings per share (EPS), including stock-based compensation but excluding one-time charges were up 47.6% year over year, driven by strong revenue growth.
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| Posted: 20 May 2011 10:05 AM PDT Chico’s FAS Inc. (NYSE:CHS) reported first-quarter 2011 earnings of 26 cents per share, beating the Zacks Consensus Estimate by a penny. Moreover, the results compare favorably with 20 cents earned in the first quarter of 2010.
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| IGT To Install SbX At Fandango Posted: 20 May 2011 10:05 AM PDT A leader in designing, manufacturing and marketing games, International Game Technology (IGT) was recently chosen by Carson City, Nevada-based Casino Fandango to install sbX Floor Manager in their casino floor.
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| Euro Extends Losses On Greece Downgrade Posted: 20 May 2011 05:00 AM PDT 05/20/11 The euro currency continued to decline against the dollar today as Fitch downgraded Greece’s credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Up In U.S. Trade Posted: 20 May 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6244, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday’s low, and resistance at 1.6303, Tuesday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.87% to hit 0.8738 and GBP/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 20 May 2011 09:55 AM PDT The Endocrinologic and Metabolic Drugs Advisory Committee of the US Food and Drug Administration (FDA) recently met to evaluate data from the Action to Control Cardiovascular Risk in Diabetes-Lipid (ACCORD Lipid) study.
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| IDEX Expands Optics, Photonics Posted: 20 May 2011 09:55 AM PDT IDEX Corporation (NYSE:IEX) recently announced that it will acquire CVI Melles Griot from a private equity firm, Norwest Equity Partners, for $400 million. The transaction is expected to close in the month of June, 2011.
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| Boeing Riding On Orders Galore Posted: 20 May 2011 09:55 AM PDT The Boeing Company (NYSE:BA) said that Lufthansa Cargo has finalized an order valued at $1.35 billion for five Boeing 777 Freighters. The airplanes will help Lufthansa Cargo to modernize and expand its fleet. The company has also received orders for five more 767s from LAN Airlines of Chile valued at approximately $822.0 million.
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| European Markets Close Lower; Dax Down 1.24% Posted: 20 May 2011 09:55 AM PDT Forex Pros – European stocks were down after the closing bell on Friday.<br/><br/> At the close of European trade, Germany’s DAX fell 1.24%, London’s FTSE 100 shed 0.13%, France’s CAC 40 declined 0.92% and the EURO STOXX 50 was down 1.27%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.30%; the S&P 500 index shed 0.38%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bob McTeer On CNBC – The Fed’s Exit Strategy Posted: 20 May 2011 09:51 AM PDT Bob McTeer on CNBC – The Fed's Exit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| TGI Offers Common Stock To Public Posted: 20 May 2011 09:35 AM PDT Triumph Group Inc. (NYSE:TGI) has announced public offering of its common shares with around 2.5 million shares being offered by investment funds associated with the Carlyle Group. The process of stock offering is expected to conclude by May 25.
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| Cliffs Resumes Mining Operations Posted: 20 May 2011 09:35 AM PDT Cliffs Natural Resources Inc. (NYSE:CLF) resumed the under ground mining operations at its Oak Grove mine in Alabama, which was hit by severe weather, including a tornado storm on April 27th. However, the company was not be able to ship coal from the site resulting from the damage caused to the above-ground facilities.
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| Posted: 20 May 2011 09:05 AM PDT Illinois Tool Works Inc. (NYSE:ITW) reported a 16% year-over-year rise in its operating revenues for the three months ended April 30, 2011. The increase records an 8% growth, which can be ascribed to a hike in base revenue and 5% to acquisitions. Currency translation had a positive 3.0% impact on the revenue. End markets were strong with a solid demand for the company's products.
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| Posted: 20 May 2011 09:05 AM PDT Alkermes Inc.'s (ALKS) reported fourth quarter fiscal 2011 net loss of $0.14 per share, compared favorably with the year-ago loss of $0.15 per share. The Zacks Consensus Estimate was a loss of $0.13 per share. The narrower year over year loss was attributable to higher revenues recorded in the reported quarter.
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| Forex – EUR/USD Down At The End Of European Session Posted: 20 May 2011 09:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4174, down 0.95% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4346, today’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.87% to hit 0.8737 and EUR/JPY falling 0.90% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Lack Of Compromise For Greece Sparks More Risk Aversion Posted: 20 May 2011 08:46 AM PDT Treasury notes have had a big week and performed the task of 10 men in leading the lurch lower in global yields, finding modest additional support on Friday in a surging dollar index. The yield curve dipped Wednesday to its lowest this year set against a hint that the Fed is still nowhere near reaching for the door handle at the exit despite discussing the steps it now intends to make the journey. Rising tensions across the Atlantic and a downbeat outlook from the Bundesbank helped European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Up Toward The End Of European Session Posted: 20 May 2011 08:40 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 81.66, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 80.68, Monday’s low, and resistance at 82.22, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.85% to hit 1.4189 and GBP/USD falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 20 May 2011 08:35 AM PDT Yesterday, the world's leading money transfer company Western Union Co. (NYSE:WU) declared a hike of 14% in its quarterly dividend to 8 cents per share, payable on June 30, 2011 to shareholders of record as of June 17, 2011.
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| Earning Scorecard: Harris Corp. Posted: 20 May 2011 08:30 AM PDT Harris Corp.(NYSE:HRS) reported mixed third quarter 2011 financial results, where earnings per share (EPS) beat but revenues missed the Zacks Consensus Estimate.
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| Forex – GBP/USD Down Toward The End Of European Session Posted: 20 May 2011 08:25 AM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6211, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday’s low, and resistance at 1.6303, Tuesday’s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.75% to hit 0.8748 and GBP/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Australian Dollar: The Downside Prevails Posted: 20 May 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Dollar: Key ST Resistance At 98 Posted: 20 May 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Jack Misses, Sales And Margin Lag Posted: 20 May 2011 08:05 AM PDT Jack in the Box Inc. (JACK) posted second quarter 2011 earnings of 13 cents per share, below the Zacks Consensus Estimate of 22 cents as well as the year-ago quarter earnings of 21 cents. Quarterly results included a gain of 1 cent per share from the sale of 26 restaurants to franchisees; however, excluding the gain, earnings stood at 12 cents per share in the quarter.
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| Shoe Carnival Surges On Higher Comps Posted: 20 May 2011 08:05 AM PDT Shoe Carnival Inc. (NASDAQ:SCVL) recently posted first quarter 2011 earnings of 75 cents per share, edging out the Zacks Consensus Estimate by a penny and the year-earlier quarter earnings of 72 cents per share. The company delivered strong quarterly earnings based on a surge in demand for footwear and cost control efforts. Net sales grew 4.7% year over year to $198.5 million during the quarter, but failed to beat the Zacks Consensus Estimate of $200 million. The upside in revenue was attributable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Word From The Floor: Wall Street In The Red, After Two-day Advance Posted: 20 May 2011 08:00 AM PDT 05/20/11 The major stock averages opened in negative territory, amidst earnings from retailers and corporate buyout … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down During The European Session Posted: 20 May 2011 08:00 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4153, down 1.10% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday’s low, and resistance at 1.4346, today’s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.86% to hit 0.8738 and EUR/JPY falling 1.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/JPY Down In European Trading Hours Posted: 20 May 2011 07:40 AM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 132.44, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 130.52, Monday’s low, and resistance at 133.19, Tuesday’s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.25% to hit 1.6196 and EUR/GBP falling 0.82% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| What’s Happening To Semiconductor Stocks (SMH)? Posted: 20 May 2011 07:26 AM PDT I could say things are pretty much evolving as expected. The market successfully held the line at the 50-dma, so far, and is now striving to make new highs for the year. I’ve rotated a large chunk of my portfolio into health care related stocks like drugs, biotech, medical supplies and services.
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| Welcome To The Hotel California! Posted: 20 May 2011 07:16 AM PDT For all its fiscal warts and admittedly little potential for any nearby change in monetary policy, the dollar is staging a remarkable performance against its peers. The dollar staged a rally against the euro after a monthly report from Germany's central bank warned over a dimmer growth outlook, while growth sensitive currencies limped to the sidelines after interest rate expectations were further dashed by a one-two combination of lesser inflation and a slide in retail sales north of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Continues To Trade Around $99 Posted: 20 May 2011 02:15 AM PDT 05/20/11 Front month crude prices were once again slightly on the upside as a volatile dollar and global demand concerns have kept investors holding onto their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Ebiquity Looks To Boost Analytics Offering With Echo Acquisition Posted: 20 May 2011 04:18 AM PDT AIM quoted media analytics business Ebiquity (LON:EBQ) is set to pay up to £10.0m to buy Echo Research, an international reputation analysis, media measurement and stakeholder research specialist with offices in London, New York, Paris and Singapore. The deal is being funded with a combination of new debt facilities and the proceeds of a share placing priced at 90p per share that raised £2.6 million. Separately, Ebiquity reported that trading in the second half of the financial year ended 30 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Scottish Amp; Southern Energy Buys Wind Farm As Investors Enjoy Dividend Boost Posted: 20 May 2011 03:53 AM PDT Utility group Scottish amp; Southern Energy (LON:SSE) said this morning it had increased its full year dividend by 5p to 75p – making it one of just six FTSE 100 companies to have delivered real dividend growth every year since 1999, when it paid its first dividend. The move came as the group reported a 1.6% rise in adjusted pre-tax profits for the full year to March 31, 2011, of £1,310.1m despite higher wholesale gas prices and investment and capex costs increasing by nearly 10% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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