DailyMarkets.com - El Paso Plans To Split Biz

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• El Paso Plans To Split Biz
• Maxwell Technology For Flextronics
• CAT Sells Bonds To Buy Bucyrus
• Barrick Sells $4.0 Billion Notes
• Valeant Pharma To Buy Sanitas
• Forex – EUR/USD Up At The End Of European Session
• Forex Trading: USDCHF Shows Safe Haven Flows
• BofA Hires Small Business Bankers
• Neutral Recommendation On IFF
• Forex Trading: EURUSD Bangs Against The 1.4092-98 Area
• Swiss Franc: The Downside Prevails
• Australian Dollar: The Downside Prevails
• Canadian Dollar: Key ST Resistance At 98
• Japanese Yen: Under Pressure
• British Pound: The Downside Prevails
• Euro: The Downside Prevails
• Forex – Dollar Mixed Vs. Rivals After Comments By Greek Official
• Forex Trading: GBPUSD Back Down Tests Broken Trendline Support
• BXP Resumes New York Tower
• Harris’ Search For A New CEO Begins
• Natural Gas Re-approaches 3-week High On Warm Weather Forecast
• Word From The Floor: US Stocks Mixed, Data Disappoints
• Forex – GBP/USD Extends Gains As U.K. GDP Data Lends Support
• Forex Trading: USDCAD Back Down At The 100 Day MA At The 0.9758 Level
• Forex – EUR/USD Trims Losses But Debt Woes Continue To Weigh
• Crude Oil Futures Down After U.S. EIA Inventory Data
• Who Wins The Least Ugly Contest? A Tour Of The Factors Affecting The Majors
• Forex Trading: EURUSD Stays Below The Days Midpoint But Non-committed
• Forex Trading: GBPUSD Tests And Moves Through The Trendline. Sentance Comments Help.
• Crude Steady Around $99
• Athens Versus Grimsvotn
• Cupid Wins Investor Affection As Trading Surges
• Cryo-Save On Track To Launch Cryo-Lip Service In The US

El Paso Plans To Split Biz Posted: 25 May 2011 10:00 AM PDT El Paso Corporation (NYSE:EP) has decided to split into two separate publicly traded companies by the end of 2011. The company has received the necessary initial approval from its board of directors. After the break-up, El Paso Corporation will consist of El Paso Pipeline Group, Midstream Group and its general and limited partner interests in El PasoPipeline Partners, L.P. (NYSE:EPB). The hived off Exploration and Production (E&P) Group will become a separate publicly traded company and compete … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Maxwell Technology For Flextronics Posted: 25 May 2011 10:00 AM PDT Maxwell Technologies Inc. (NASDAQ:MXWL) has been selected by Flextronics Automotive for supplying the energy storage module of a recuperation system. The recuperation system will be used by Flextronics Automotive to reduce fuel consumption and emissions in commercial vehicles. Each energy storage module incorporates 16 3,000-farad ultracapacitor cells that have the capacity to store energy generated by a recuperative braking system, deliver stored electrical energy to power air conditioning, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAT Sells Bonds To Buy Bucyrus Posted: 25 May 2011 09:35 AM PDT Shortly after Caterpillar Inc. (NYSE:CAT) received its go–ahead from the U.S. Department of Justice for the pending $8.6 billion buyout of Bucyrus International Inc. (NASDAQ:BUCY) , the company has sprung into action by selling $4.5 billion bonds, its biggest ever corporate debt sale on record. Normally, Caterpillar sells bonds through its unit Caterpillar Financial Services Corp., which offers equipment financing and loans for customers and dealers. Caterpillar has not issued debt at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Barrick Sells $4.0 Billion Notes Posted: 25 May 2011 09:05 AM PDT Barrick Gold Corporation (NYSE:ABX) and its wholly owned subsidiary, Barrick North America Finance LLC (BNAF) has planned to raise capital by issuing public notes of $4.0 billion. The company plans to sell these notes in four parts. The first comprises $700 million with a coupon rate of 1.75% and issue price of $99.881 maturing in 2014; the second, $1.1 billion with a coupon rate of 2.90% notes maturing in 2016 and issue price of $99.912. The other two parts of BNAF comprise $1.35 billion with a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valeant Pharma To Buy Sanitas Posted: 25 May 2011 09:05 AM PDT In an effort to expand its European branded generics business, Valeant Pharmaceuticals International Inc. (NYSE:VRX) recently announced that it has entered into an agreement to acquire Kaunas, Lithuania-based specialty pharmaceuticals company AB Sanitas for approximately EUR314 million in cash. 87.2% of the outstanding shares of Sanitas have already been agreed to be sold to Valeant Pharma. Following acquisition of the controlling interest, Valeant Pharma will proceed to make a mandatory tender … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 25 May 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4100, up 0.001% at time of writing.<br/><br/> The pair was likely to find support at 1.3970, Monday&rsquo;s low, and resistance at 1.4346, Friday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Shows Safe Haven Flows Posted: 25 May 2011 08:46 AM PDT The USDCHF being hit on the safe haven play.  Gold is up. Silver is up. CHF is up (USDCHF down).  The price next targets the 61.8% of the 0.8702 which is the 61.8% of the move up from the May 4th low. Below that level is channel trendline support at the  0.8682 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Hires Small Business Bankers Posted: 25 May 2011 08:35 AM PDT Bank of America Corporation (NYSE:BAC) said on Tuesday that it has hired 75 small business bankers in the mid-Atlantic area, including 25 in the Baltimore-Washington DC area, 11 in Philadelphia and the remaining in southern New Jersey. This is a part of BofA's previously announced plan to hire more than 1,000 small business bankers across the country this year. The Baltimore-Washington DC, the greater Los Angeles and Dallas were the three markets where hiring initially started. BofA appointed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral Recommendation On IFF Posted: 25 May 2011 08:27 AM PDT We recently maintained a Neutral recommendation on New York-based, International Flavors & Fragrances Inc. (NYSE:IFF). The company is one of the leading companies engaged in the creation and manufacturing of fragrance and flavor products in the United States and internationally. The fragrances segment markets its products primarily to the cosmetics industry, including perfume and toiletries manufacturers besides the household products industry comprising the manufacturers of soaps, detergents, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Bangs Against The 1.4092-98 Area Posted: 25 May 2011 08:23 AM PDT The midpoint of  the day at 1.4059 is the downside support. The 1.4092-98 level (1.4098 is the close from yesterday) is the level being banged against now.  Those are the levels to eye now in a volatile up and down market today.  Remember the 1.4112 level above which is the 38.2% of the move down from the May 20th high to the low on the 23rd and above that 1.4122. From there the 1.4133 is the 100 hour MA. The level  is in play on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 98 Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: The Downside Prevails Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails Posted: 25 May 2011 08:20 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed Vs. Rivals After Comments By Greek Official Posted: 25 May 2011 08:18 AM PDT Forex Pros – The U.S. dollar mixed was against its major counterparts on Wednesday, after reports that an official in Greece said the country may have to abandon the euro if it doesn&rsquo;t deal with its debt crisis.<br /><br />During early U.S. trade, the greenback was up against the euro, with EUR/USD sliding 0.23% to hit 1.4066.<br /><br />Earlier in the day, Reuters reported that European Union Fisheries Commissioner Maria Damanaki said Greece would have to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Back Down Tests Broken Trendline Support Posted: 25 May 2011 08:06 AM PDT GBPUSD moved above the underside of this trendline after pushing through the level earlier. Comments from BOE Sentance with respect to higher rates, sent the pair higher. Now support needs to hold.    A break and 1.6230 is the next target. Staying above keeps the Friday high at 1.6303 in play. Above 1.6303, the 1.6336 level is the next level to the upside to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BXP Resumes New York Tower Posted: 25 May 2011 08:05 AM PDT Boston Properties, Inc (NYSE:BXP), a real estate investment trust, recently signed a lease with law firm  Morrison & Foerster LLP, for 180,000-square feet  space at  250 West 55th Street in Midtown Manhattan in New York City. Boston Properties plans to restart construction at the 1 million-square feet building after securing the services of the law firm as a major tenant. The company began constructing this 39-storey building in late 2007 but suspended the same in late 2009 as a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harris’ Search For A New CEO Begins Posted: 25 May 2011 08:05 AM PDT A leading supplier of communications equipments and services, Harris Corp. (NYSE:HRS) is currently looking for a successor to Howard L.Lance, the current chairman, president and CEO. Lance, aged 55, joined Harris in 2003 and plans to retire in the second half of 2012.   The company has appointed an executive search firm to aid them in the process of selecting the right candidate for the highly recognized post. Lance, the former president of NCR Corporation succeeded Phillip W. Farmer as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Re-approaches 3-week High On Warm Weather Forecast Posted: 25 May 2011 08:03 AM PDT Forex Pros – Natural gas futures were up on Wednesday, re-approaching a three-week high amid indications of increased demand after forecasts showed warmer-than-normal weather in key regions in the U.S. next week.&nbsp; <br /><br />On the New York Mercantile Exchange, natural gas futures for June delivery traded at USD4.409 per million British thermal units during U.S. morning trade, gaining 0.42%. <br /><br />It earlier rose by as much as 1% to a daily high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Mixed, Data Disappoints Posted: 25 May 2011 08:00 AM PDT 05/25/11 Wall Street digested that latest earnings, M&A action and economic data releases. Durable goods order fell 3.6% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Gains As U.K. GDP Data Lends Support Posted: 25 May 2011 08:00 AM PDT Forex Pros – The pound extended gains against the U.S. dollar on Wednesday, climbing to a three-day high after official data showed that U.K. gross domestic product rose in line with initial estimates in the first quarter.<br /><br />GBP/USD hit 1.6293 during early U.S. trade, the pair&rsquo;s highest since May 20; the pair subsequently consolidated at 1.6274, gaining 0.57%.<br /><br />Cable was likely to find short-term support at 1.6056, Tuesday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Back Down At The 100 Day MA At The 0.9758 Level Posted: 25 May 2011 07:53 AM PDT The USDCAD is at the days lows after briefly moving to a new high 2 month high and failing.  The price closed above the 100 day MA for the first time since September 2010 and should have solicited a positive reaction. The price did move higher but the move has been less than stellar.  The market players will be eyeing this levels. Longs should be disappointed if the level is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Trims Losses But Debt Woes Continue To Weigh Posted: 25 May 2011 07:48 AM PDT Forex Pros – The euro trimmed losses against the U.S. dollar on Wednesday, but ongoing speculation over a potential restructuring of Greek sovereign debt weighed on expectations for further rate hikes by the European Central Bank this year.<br /><br />EUR/USD pulled away from 1.4014, the daily low, to hit 1.4082 during early U.S. trade, down 0.11% on the day.<br /><br />The pair was likely to find support at 1.3868, the low of March 17 and resistance at 1.4144, Mondays … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Down After U.S. EIA Inventory Data Posted: 25 May 2011 07:45 AM PDT Forex Pros – utures Pros &ndash; Crude oil futures were down on Wednesday, briefly adding to losses after a government report showed that U.S. crude oil inventories rose unexpectedly last week. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in June traded at USD99.12 a barrel during U.S. morning trade, slumping 0.43%. <br /><br />It earlier fell as much as 1.3%% to a daily low of USD98.22 a barrel. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Who Wins The Least Ugly Contest? A Tour Of The Factors Affecting The Majors Posted: 25 May 2011 07:43 AM PDT The dynamics in the currency markets have been upset over the past month as we have seen a sell-off in commodities earlier in the month on the realization that global economic growth may proceed at a slower pace due to higher interest rates and higher inflation in emerging economies such as China and India, the latest round of sovereign debt concerns in Europe, and a slowdown in global manufacturing as a result of the natural disaster in Japan. While we traded mainly on risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Stays Below The Days Midpoint But Non-committed Posted: 25 May 2011 07:31 AM PDT The EURUSD midpoint comes in at 1.4059. The correction higher in NY morning tested that level, went down to the NY low and has now rallied back higher.  The 200 bar MA is at the same level now as well. A move above should solicit more interest to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Tests And Moves Through The Trendline. Sentance Comments Help. Posted: 25 May 2011 07:27 AM PDT The underside of the trendline broken on Monday is being tested  at the 1.6264 level.  The move higher is being helped by BOE Sentance who says the BOE must increase rates as inflation persists. The level should find some profit taking. A key level to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Steady Around $99 Posted: 25 May 2011 02:15 AM PDT 05/25/11 Front month crude prices remained steady around $99 a barrel this morning following a strengtening dollar and weakened fuel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Athens Versus Grimsvotn Posted: 25 May 2011 07:00 AM PDT Working on the rule of thumb that approximately each one thousand feet of volcanic ash spewing from Iceland's Grimsvotn volcano is equivalent to one basis point of government bond yields, it's logical to conclude that Greek two-year yields at 25% today tower higher in the atmosphere. It is, however, harder to estimate which event outcome will affect the European economy more. Disruption to trade, air and passenger traffic last year after billowing ash clouds over shadowed Northern Europe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cupid Wins Investor Affection As Trading Surges Posted: 25 May 2011 03:00 AM PDT Shares in AIM listed online dating company Cupid (LON:CUP) enjoyed the steepest rise on the market this morning on news that monthly revenues had now exceeded £4 million and were continuing to grow. Since reporting its 2010 results in March, Cupid said it had seen further significant progress and that over 50% of monthly revenues were now from outside the UK. That figure is up from the 42% of revenues recorded in the fourth quarter of 2010. The company previously reported that overall revenues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cryo-Save On Track To Launch Cryo-Lip Service In The US Posted: 25 May 2011 02:04 AM PDT Cryo-Save (LON:CRYO), the Dutch group that stores stem cells, said this morning that it had set up a new subsidiary in the United States and was on track to launch its services there in the third quarter of 2011. Cryo-Save USA, Inc. will commercialise and further develop the group's Cryo-Lip service in North America, which allows adults to store stem cells from fat tissue which is extracted whilst undergoing other surgical procedures. Cryo-Save already stores 175,000 samples from cord blood … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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