DailyMarkets.com - Forex – NZD/USD Up In Asian Trade

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• Forex – NZD/USD Up In Asian Trade
• Allstate Boosts Online Insurance
• CB&I Wins Canadian Project
• Alcoa Expects Increased Demand
• Ryder Continues To Outperform
• Sara Lee To Acquire Brazilian Coffee
• Stock Market Summary For Thursday, May 19, 2011
• Existing Home Sales Up In April
• Medtronic Presents Encouraging Data
• BP, COP Drop Denali
• Abiomed Beats On Impella Boost
• The Day Ahead: Eurozone Consumer Confidence, German Producer Prices
• Hot Option Plays: Skeptics
• Stock Picks And Trade Ideas For Friday, May 20
• WFC To Close Wachovia Transition
• A.M. Best Affirms RenaissanceRe
• Kinetic Concepts To Outperform
• New CFO For Penske
• Berkley Forms New London Unit
• Earnings Scorecard: Pfizer
• Fewer People Purchased Previously Occupied Homes In April
• Cosan Replaces Old Debt With New
• Big Bonus For Citi CEO
• Kimberly-Clark Promotes GoodNights (revised)
• Tomorrow’s Key Fundamental Release: Scenarios For Canadian CPI
• Closing Bell Market Monitor: INTC, SHLD, LNKD
• Forex – EUR/USD Up At The End Of U.S. Session
• Morgan Stanley Launches Yuan Fund
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Avnet Flexes Distribution Muscle
• Parkway Properties Sells Assets
• L-3 Gets Air Force Contract
• Accenture & SAP Offer Mobility
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 0.36%
• Accuray Cut To Neutral
• China Unicom To Underperform
• Advanced Technology From GD
• Forex – GBP/USD Up During The U.S. Session
• Pall’s New Product Offering
• Sanofi Ties Up With Glenmark
• ACE Approves Dividend Hike
• Forex Notes 5.19.2011 – Containment Of Japanese Yen Strength
• Amazon: Kindle Ebooks Outsell Printed Books
• Cintas Sells Notes In 2 Tranches
• Forex – USD/CAD Down In U.S. Trade
• Western Refining Downgraded
• UDR Prices Senior Unsecured Notes
• Xcel Raises Shareholder Value
• Forex – EUR/USD Up In U.S. Trading Hours
• Wary Options Players Pick Up Franklin Resources Puts
• Afren Beats Production Guidance Ahead Of High Impact Exploration Drilling Programme
• Paul Crevello And The Oil-rich Possibilities For Bahamas Petroleum Company
• We Dont Know, QE2 Ending, China Inflation, Euro Debt

Forex – NZD/USD Up In Asian Trade Posted: 19 May 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.7916, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, Monday&rsquo;s low, and resistance at 0.7938, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.08% to hit 1.3478 and EUR/NZD rising 0.01% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allstate Boosts Online Insurance Posted: 19 May 2011 04:35 PM PDT In an attempt to expand its online home-auto sales, on Wednesday, Allstate Corp. (NYSE:ALL) announced the acquisition of Ensurance and Answer Financial from White Mountains Insurance Group Ltd. (NYSE:WTM) for approximately $1.0 billion. The deal was valued at $700 million along with the tangible book value of the entities acquired at the closing date. The total is broadly summed at $1.0 billion. Subject to regulations, the deal is expected to culminate by the third quarter of 2011. The impact of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CB&I Wins Canadian Project Posted: 19 May 2011 04:35 PM PDT Chicago Bridge & Iron Company (NYSE:CBI) has won a contract, valued at approximately US$50 million, for storage tanks at an oil sands project near Fort McMurray, Alberta, Canada. The scope of work includes the designing, procurement and construction of 12 cone roof tanks at the oil sands project. The contract is due for completion in 2013. Chicago Bridge & Iron Company is a worldwide provider of fully integrated specialty engineering, procurement and construction (EPC) services and related … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa Expects Increased Demand Posted: 19 May 2011 04:35 PM PDT Alcoa Inc. (NYSE:AA) predicts that the global consumption and supply of aluminum could double by the year 2020 from its 2010 figures, driven by an increasing demand for more efficient infrastructure and transportation solutions. Alcoa forecasts a compound average growth rate of 6.5% in aluminum demand, representing an increase in annual demand for bauxite from 214 million tonnes to 400 million tons. Alumina is expected to grow from 82 million tonnes to 156 million tons in a year, and aluminum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ryder Continues To Outperform Posted: 19 May 2011 03:56 PM PDT For the ongoing second quarter and beyond, we maintain our Outperform recommendation on Ryder System Inc. (NYSE:R). Our reiteration is based on the company's solid financial performance in the previous quarter. Outstanding results were noticed across most of Ryder's business segments. At the same time, the company remains well positioned for lease fleet expansion in the second half of 2011. We believe Ryder's continued investments in fleet and technology upgrades will fuel earnings growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sara Lee To Acquire Brazilian Coffee Posted: 19 May 2011 03:56 PM PDT Sara Lee Corporation (NYSE:SLE) is in talks to buy Brazilian coffee, juice and tea producer Marata for approximately 1 billion reais ($617 billion). Marata is part of local Brazilain family owned group called Grupo Jose Augusto Vieira. The Downers Grove, Illinois based company already has a 22% share of the Brazilian coffee market. Earlier in September 2010, Sara Lee had acquired Café Damasco, a small Brazilian coffee company for approximately $60 million. Sara Lee's long term strategy for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, May 19, 2011 Posted: 19 May 2011 03:39 PM PDT Stocks edged themselves higher today with gains ranging between 0.2% and 0.4% on the DJIA, S&P 500, and Nasdaq Composite. Market breadth leaned towards the positive side but participation did not indicate investors were accumulating shares heavily. Market sector action was mild as well with only the consumer staples and industrials outperforming the major indexes. Health care was the only sector to finish in negative territory. Keeping with the trend we are raising both the support and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Existing Home Sales Up In April Posted: 19 May 2011 03:36 PM PDT The existing home sales in the U.S. rose in April, marking the second consecutive month of improvement in previously owned homes. Total purchases of existing houses stood at a seasonally-adjusted annual rate of 5.2 million, up 2% from a seasonally-adjusted annual rate of 5.1 million a month ago. High unemployment, low customer confidence and tough credit rules have acted as driving forces behind this increased sale of pre-occupied homes in the current year. Consequently, construction of new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Presents Encouraging Data Posted: 19 May 2011 03:36 PM PDT Leading medical devices player Medtronic (NYSE:MDT) presented favorable data for Resolute drug-eluting stent (DES) at EuroPCR 2011. It was observed that Resolute provided safe and effective outcome for patients with both heart diseases and diabetes. Analysis revealed an exceptionally low rate of adverse events after one year in this patient population. The Resolute DES is available in several countries outside the US. However, the product is yet to receive approval from the US Food and Drug … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP, COP Drop Denali Posted: 19 May 2011 03:36 PM PDT The BP Plc (NYSE:BP) and ConocoPhillips' (NYSE:COP) Denali joint venture (JV) project has been scrapped. The JV was shelved as the companies failed to secure support that was needed to justify further advancement of this project. Persistently falling natural gas prices was also a reason cited for the mutual decision. The North American gas market has transformed since the Denali project commenced in 2008. Excessive volumes of shale gas created an imbalance in the demand-supply ration, and resulted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Abiomed Beats On Impella Boost Posted: 19 May 2011 03:36 PM PDT Cardiac assist devices maker Abiomed (NASDAQ:ABMD) ended fiscal 2011 on a positive note as its results beat expectations in the fourth quarter. The company's adjusted (excluding one-time items other than stock-based compensation expenses) net loss per share of 4 cents was lower than the Zacks Consensus Estimate of a loss of 5 cents. For the full year, adjusted net loss of 27 cents a share also beat the Zacks Consensus Estimate of a loss of 32 cents. However, on a reported basis, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Eurozone Consumer Confidence, German Producer Prices Posted: 19 May 2011 03:30 PM PDT 05/20/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Skeptics Posted: 19 May 2011 03:17 PM PDT Cusick’s Corner The dynamics did not change much during the afternoon session. If anything there was a sense that the bulls lost interest in challenging the upside, skeptics, in front of tomorrow’s AM settlement of European index options and PM settlement of equity options. I am not convinced that this consolidative action will continue, especially with Japan due to announce policies on interest rates and money policy. Manage your expiring positions into this announcement. See you Midday. Stock … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Picks And Trade Ideas For Friday, May 20 Posted: 19 May 2011 03:08 PM PDT ( click to enlarge ) Tellabs, Inc. (NASDAQ:TLAB) was one of the stronger stocks today bouncing off support. Formed a nice bullish engulfing pattern and volume was above average on the day, which is bullish. The technical chart also shows that stochastics are turning back up from an oversold condition indicating a rally could be on the horizon. A close above the 20 day average which resides at $4.80 will re-establish the short-term bullish posture of the stock with $5.01 as the next upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFC To Close Wachovia Transition Posted: 19 May 2011 03:06 PM PDT Earlier this week, Wells Fargo & Company (NYSE:WFC) announced that it will complete the transition of the remaining Wachovia signs and systems into WFC by mid-October 2011. Specifically, Wachovia's stores at Virginia will be converted in August, Maryland, South Carolina, and Washington, D.C. in September and finally North Carolina in October. The conversion of 868 stores and 1,487 ATMs in the four states and the District of Columbia will put an end to the transition from Wachovia to WFC. WFC … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A.M. Best Affirms RenaissanceRe Posted: 19 May 2011 03:06 PM PDT The rating agency A.M. Best Co. has affirmed the issuer credit ratings (ICR) and debt ratings of RenaissanceRe Holdings Ltd. (NYSE:RNR), while maintaining the financial strength rating (FSR) and ICR of Renaissance's subsidiaries. The outlook for all the ratings remains stable. A.M. Best has reiterated the ICR of RenaissanceRe at "a-", while maintaining the FSR of A+ (Superior) and ICR of "aa-" of its subsidiaries – Renaissance Reinsurance Ltd. and Renaissance Reinsurance of Europe. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinetic Concepts To Outperform Posted: 19 May 2011 03:06 PM PDT We recently upgraded our recommendation on Kinetic Concepts Inc. (NYSE:KCI) to Outperform with a target price of $71.00. The upgrade is supported by its strong first quarter of fiscal 2011 results. The quarter witnessed balanced sales growth across all the segments and successful business expansion in the international market. Kinetic delivered strong results in the first quarter of fiscal 2011 outshining the Zacks Consensus Estimate on both revenues and EPS fronts. Adjusted EPS in the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New CFO For Penske Posted: 19 May 2011 02:35 PM PDT Penske Automotive Group Inc. (NYSE:PAG) recently announced the appointment of David K. Jones as the Executive Vice President and Chief Financial Officer (CFO) soon after the resignation of Robert O'Shaughnessy. Surrendering his position in Penske, O'Shaughnessy has accepted a similar position with PulteGroup Inc. (NYSE:PHM), one of the leading homebuilders in the country. On the other hand, Jones had been serving as the Vice President and CFO of the company's European operations before he was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkley Forms New London Unit Posted: 19 May 2011 02:26 PM PDT Property and casualty insurer W.R. Berkley Corp. (NYSE:WRB) announced the formation of a new unit called Berkley Re UK Ltd. in London, which will focus on underwriting casualty and property treaty reinsurance. Berkley Re UK is expected to start writing business from the fourth quarter of 2011. Its business model will closely resemble Berkley's other reinsurance units – Berkley Re America, Berkley Re Asia and Berkley Re Australia. Berkley's reinsurance units, which contributed 10.4% to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Pfizer Posted: 19 May 2011 02:26 PM PDT Following the release of the first quarter 2011 results on May 3, 2011, annual earnings estimates for 2011 and 2012 for Pfizer Inc. (NYSE:PFE) have moved in both directions. However, majority of the analysts covering the pharma major have left their estimates untouched as the company maintained its 2011 and 2012 projections following release of the first quarter 2011 financial results. First Quarter Highlights Pfizer reported first quarter earnings of 60 cents per share, a couple of cents above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fewer People Purchased Previously Occupied Homes In April Posted: 19 May 2011 02:15 PM PDT 05/19/11 According to the National Association of Realtors, fewer persons purchased previously occupied homes in April as sales fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cosan Replaces Old Debt With New Posted: 19 May 2011 02:05 PM PDT Brazilian sugar and ethanol producer, Cosan (NYSE:CZZ), recently announced the completion of repurchase of its entire 8.25% Perpetual Notes worth $450 million. These notes were issued in 2006. The company replaced the notes with syndicated bank loan of the same amount. The new debt with a 2 year term period and quarterly pre-payment facility will be allocated to Raizen and will likely bring down its annual interest expense by US$25 million. We believe the company’s liability management process … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Big Bonus For Citi CEO Posted: 19 May 2011 02:05 PM PDT Citigroup Inc. (NYSE:C) CEO Mr. Vikram Pandit has been awarded with a retention package to keep him in office at least through 2015. He would get over $16 million as well as stock options if he achieves certain performance targets. The exact value of the award will thus depend on successful deployment and execution of strategies approved by Citi's board of directors. Citi suffered severe losses during the financial crisis and ultimately had to be bailed out by the government. Mr. Pandit, took … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kimberly-Clark Promotes GoodNights (revised) Posted: 19 May 2011 02:05 PM PDT GoodNites, a brand of Kimberly-Clark (NYSE:KMB) has announced the start of a promotional campaign wherein it is going to update the mothers of 4-6 years old kids on usefulness of GoodNites brand underwear for tackling the problem of bedwetting at night. The management reported that it was found that mothers of several growing kids used training pants for their child during night to combat the problem of bed wetting. The GoodNites pants would be a better alternative to the leading training pants, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tomorrow’s Key Fundamental Release: Scenarios For Canadian CPI Posted: 19 May 2011 02:00 PM PDT Tomorrow's Key Fundamental Release: Canada CPI Time of release:  05/20/2011  11:00 GMT, 7:00 EST Primary Pair Impacted: USD/CAD March April (forecast) Forecast Range Headline CPI m/m 1.1% 0.5% Headline CPI yr/yr 3.3% 3.4% 2.8% to 3.7% Core CPI m/m 0.7% 0.2% Core CPI y/y 1.7% 1.6% 1.4% to 1.8% Consumer Price Index m/m var div = jQuery(“”).css({ width: 670, height: 300 }) .insertAfter(‘:last’) .indicatorChart({ ‘indicator’: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: INTC, SHLD, LNKD Posted: 19 May 2011 09:00 AM PDT 05/19/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session Posted: 19 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4310, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4325, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morgan Stanley Launches Yuan Fund Posted: 19 May 2011 01:41 PM PDT Within a week's time, Morgan Stanley (NYSE:MS) has become the second U.S. bank to declare the launch of a yuan-denominated private equity fund in China, following Goldman Sachs Group Inc.'s (NYSE:GS) announcement of the same on May 12, 2011. Morgan Stanley intends to raise 1.5 billion yuan ($230 million) through its newly established private equity unit in China. Morgan Stanley will launch the yuan fund through Morgan Stanley (China) Private Equity Investment Management Co., a joint venture (JV) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 19 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Existing Home Sales.<br/><br/> USD/JPY was trading at 81.60, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 80.64, Monday&rsquo;s low, and resistance at 82.22, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avnet Flexes Distribution Muscle Posted: 19 May 2011 01:36 PM PDT Avnet Inc. (NYSE:AVT) recently announced that it will acquire IT distributor Amosdec SAS. The transaction is expected to close in July, 2011. Financial terms were not disclosed. Headquartered in Paris, Amosdec provides virtualization and storage management solutions. Avnet  will expand its footprint in Europe by leveraging its strength in data center and Amosdec's position in software and services. Further, the company expects to provide new business opportunities with integrated and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Parkway Properties Sells Assets Posted: 19 May 2011 01:36 PM PDT Parkway Properties, Inc. (NYSE:PKY) recently sold 233 North Michigan Avenue, a 1.1 million square-foot office property located in the central district of Chicago, Illinois, for $162.2 million. With this sale, Parkway Properties intends to reduce its exposure in one city block of Chicago and also improve its liquidity position as well as balance sheet. The main focus of the company is to divest assets that no longer contribute to the company's growth and exit non-strategic markets. After the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

L-3 Gets Air Force Contract Posted: 19 May 2011 01:36 PM PDT Aerospace and defense operator L-3 Communications Holdings Inc. (NYSE:LLL) announced that its unit, Link Simulation & Training ("L-3 Link") received a contract to conduct the U.S. Air Force’s C-17 Training System (TS) program. The contract is awarded for a year and includes four one-year options and an additional option for two more years of training support. This contract was originally awarded in November 2010, with a potential value of $976 million. This new contract will establish L-3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture & SAP Offer Mobility Posted: 19 May 2011 01:36 PM PDT Accenture plc (NYSE:ACN) and SAP AG (NYSE:SAP) are coming together to offer advanced enterprise mobility to oil and gas, utilities and consumer goods verticals. The announcement was made at the Sapphire Conference held by SAP in Orlando. The combination will develop new mobility solutions based on the Sybase Unwired Platform 2.0 along with Accenture's enterprise mobility offerings. Sybase is a subsidiary of SAP. With this innovation, organizations can significantly reduce their costs and time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 19 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Existing Home Sales.<br/><br/> EUR/USD was trading at 1.4310, up 0.43% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4325, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.36% Posted: 19 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.36%, the S&P 500 index gained 0.22%, while the Nasdaq 100 index climbed 0.28%.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted annual rate of 5.05M last month from 5.09M in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accuray Cut To Neutral Posted: 19 May 2011 01:06 PM PDT We downgrade our recommendation for leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) to Neutral following our assessment of its lukewarm third-quarter fiscal 2011 results which missed the Zacks Consensus Estimates. The company turned in a loss for the quarter as higher revenues were more than offset by hefty acquisition charges. Sales rose 5% year over year in the quarter owing to higher product and service revenues. The California-based company once again backed its revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Unicom To Underperform Posted: 19 May 2011 01:06 PM PDT We are downgrading our recommendation to Underperform from Neutral on China Unicom (NYSE:CHU) based on the disappointing first quarter profit level as well as higher cost expectations. China Unicom, China’s second largest mobile operator, missed the Zacks Consensus earnings estimate by 4 cents. Net income plunged more than 80% year over year due to higher handset subsidies as well as increased costs related to 3G service deployments and network expansion. The companyis aggressively involved in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Advanced Technology From GD Posted: 19 May 2011 01:05 PM PDT General Dynamics Corp. (NYSE:GD) said that its Electric Boat unit has received a contract to develop advanced submarine technologies for current and future undersea platforms. The contract awarded by the U.S. Navy is valued at $33.5 million. Under the contract, General Dynamics' Electric Boat unit will use the expertise of its engineering and design organization, which comprises more than 3,000 employees possessing proven technical capabilities. The unit will conduct research and development … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 19 May 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.K. data on Retail Sales.<br/><br/> GBP/USD was trading at 1.6227, up 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.6107, Wednesday&rsquo;s low, and resistance at 1.6303, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that retail sales in the U.K. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pall’s New Product Offering Posted: 19 May 2011 12:35 PM PDT Pall Corporation (NYSE:PLL) developed a new X-Ray fluorescence (XRF) technology, called Xact* systems to identify airborne metallic particles. The system with XRF technology has expanded environmental and emissions monitoring capabilities. It has been developed by Pall together with Cooper Environmental Services (CES) LLC, a renowned provider of continuous metals monitors (CMMs). Xact* systems examines single or multiple metals in on-stack and ambient applications such as incinerators, coal-fired … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sanofi Ties Up With Glenmark Posted: 19 May 2011 12:35 PM PDT Sanofi-Aventis (NYSE:SNY) recently entered into a licensing agreement with Indian company, Glenmark Pharmaceuticals, for the development and commercialization of GBR500. GBR500 is a first-in-class therapeutic monoclonal antibody, which is being studied for the treatment of Crohn's disease and other chronic autoimmune disorders like multiple sclerosis. The candidate, which completed a phase I dosing study in the US, was found to be well-tolerated with a decent pharmacokinetic profile. Plans are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ACE Approves Dividend Hike Posted: 19 May 2011 12:35 PM PDT ACE Limited (NYSE:ACE) announced that its shareholders, in the Annual General Meeting, have approved a 6.1% increase in the quarterly dividend. Earlier, in February, the board of directors announced its intention to propose the dividend hike. ACE will now pay a quarterly dividend of 35 cents ($1.40 on an annualized basis), up from 33 cents ($1.32 on an annualized basis) paid on April 22, 2011. Previously, the board increased the dividend announced – a 6.5% increase in the quarterly dividend to 33 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Notes 5.19.2011 – Containment Of Japanese Yen Strength Posted: 19 May 2011 12:17 PM PDT The Japanese yen had a strong 2010, but is showing vulnerability in 2011. After the tremendous disaster in mid-March, the JPY became extremely volatile. Initial repatriation induced strength followed a G7 intervention-induced weakness. Soon in April and May, it has found resilience, but its strength is now contained. Let's take a look at the USD/JPY, EUR/JPY, GBP/JPY, CHF/JPY, AUD/JPY, and CAD/JPY charts. USD/JPY The greenback has been paring its 2011 losses in May The market has found … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon: Kindle Ebooks Outsell Printed Books Posted: 19 May 2011 12:14 PM PDT “Amazon has announced that it now sells more Kindle ebooks than all print books – that’s hardcover and paperback combined – through the Amazon.com site. Introduced less than four years ago, the Kindle has quickly become Amazon’s top selling product, and now digitised books for the reader have become more popular with its customers than their paper and ink fore-runners.” … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cintas Sells Notes In 2 Tranches Posted: 19 May 2011 12:10 PM PDT Cintas Corporation (NASDAQ:CTAS) recently sold $500 million of senior notes in two equal tranches and appointed KeyCorp (NYSE:KEY) and JPMorgan Chase & Co. (NYSE:JPM) as the joint book running managers for the sale. In the first tranche, the company sold $250 million non-callable senior notes, having a coupon rate of 2.85% and a yield of 2.851%, maturing on June 1, 2016. The notes are issued at a price of $99.995 and the first pay out will commence on December 1, 2011, which will be semi-annual. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 19 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Existing Home Sales.<br/><br/> USD/CAD was trading at 0.9690, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, today&rsquo;s low, and resistance at 0.9794, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that existing home sales fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Western Refining Downgraded Posted: 19 May 2011 12:06 PM PDT We have downgraded independent oil refiner and marketer Western Refining Inc. (NYSE:WNR) shares to Neutral from Outperform, based on weaker-than-expected operating results and continued balance sheet concerns. An uptick in economic activity overseas (mainly in China and India) and prospects for higher fuel demand in the U.S. are likely to push 2011 industry margins higher than the last year's level. Against this backdrop, we expect income from Western Refining's refining operations to improve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UDR Prices Senior Unsecured Notes Posted: 19 May 2011 12:06 PM PDT UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently offered 4.25% senior unsecured notes worth $300 million that is scheduled to mature in June 2018. The company has priced the notes at 98.988% of the face amount to yield 4.42% at maturity. J.P. Morgan Securities LLC, a division of JPMorgan Chase & Co. (NYSE:JPM), and Citigroup Global Markets Inc. – the brokerage and securities arm of Citigroup Inc. (NYSE:C) are acting as the joint book-running managers for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Xcel Raises Shareholder Value Posted: 19 May 2011 12:05 PM PDT Minneapolis-based Xcel Energy Inc. (NYSE:XEL) said that its Board of Directors has increased the second quarter dividend by nearly 3%. This raises the new dividend rate to 26 cents per share from 25.25 cents per share paid earlier. Xcel Energy said the raised quarterly dividend will be paid on July 20, 2011, to shareholders of record as on June 23, 2011. Xcel's new annualized dividend rate comes to $1.04 per share from the previous annualized dividend rate of $1.01. The company's second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 19 May 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4296, up 0.33% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, Monday&rsquo;s low, and resistance at 1.4325, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wary Options Players Pick Up Franklin Resources Puts Posted: 19 May 2011 11:17 AM PDT Wary options players pick up Franklin Resources puts Today's tickers: BEN, NVDA, XL & BLL (NYSE:BEN) – Franklin Resources, Inc. – Put options on the provider of investment management and related services through subsidiaries Franklin, Templeton, Mutual Series, Bissett, Fiduciary and Darby, are more active than usual this morning. It looks like some traders are taking a cautious stance on the stock, and perhaps with good reason. On May 2 the stock managed to rally to within $0.20 of its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Afren Beats Production Guidance Ahead Of High Impact Exploration Drilling Programme Posted: 19 May 2011 07:11 AM PDT Afren (LON:AFR), the FTSE 250 oil and gas group, said today that it was on course to deliver average production of 40,000 barrels of oil equivalent this year after putting in a strong performance during the first quarter. Of note, the Africa-focused exploration and production group reported that production from the first phase of its flagship Ebok field development in Nigeria was currently in excess of 17,000 barrels of oil per day, beating earlier guidance. Meanwhile, production from Okoro, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Paul Crevello And The Oil-rich Possibilities For Bahamas Petroleum Company Posted: 19 May 2011 06:07 AM PDT Dr Paul Crevello is no stranger to the oil-rich potential of the waters surrounding the golden beaches of The Bahamas. Time spent studying the regional geology in his graduate days was the prelude to 40 years as an exploration expert, working initially at Marathon Oil (NYSE:MRO) and then his own consultancy in more that 40 countries, before he returned to home territory in 2006. On the same day that Hardman Resources was acquired by industry giant Tullow Oil (LON:TLW) in September that year, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

We Dont Know, QE2 Ending, China Inflation, Euro Debt Posted: 19 May 2011 02:47 AM PDT A video that informs us of the consensus of the Wyckoff Composite man, they dont know the effect of US QE2 ending, the dont know the effect on China’s inflation problem, the dont know how Europe’s debt crisis will end. They just dont know. I smell a correction, can you ? Listen to the uncertainty, the source of all corrections. Source: Yahoo BreakOut 20110519 But, dont worry they know what they are doing ! Links you must review: Hurst Cycles confirm Felix Zuluaf bearish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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