DailyMarkets.com - GD Gets Follow-on Contract

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• GD Gets Follow-on Contract
• Billion Dollar Deal For UTX
• Willis Forms Life Solutions Group
• Hanger Remains Outperform
• Underperform On Precision Castparts
• Forex – USD/JPY Up During Asian Trade
• Varian Invests In Augmenix
• Exelon Buys Texas Plant
• Accenture Wins Insurance Deal
• Negative Asset Growth For Schwab
• Summer Air Travel Expected To Climb
• Gap Forays Into Serbia And Ukraine
• Forex – NZD/USD Up In Asian Trade
• IBM Moves Clients From Oracle
• Ericsson To Build LTE In Korea
• NU Unit Builds New Solar Plant
• R.R. Donnelley Signs New Deal
• Stock Market Summary For Monday, May 16, 2011
• The Day Ahead: Earnings – Dell, Home Depot, Wal-Mart, US Housing Starts, Industrial Production
• Hot Option Plays: Consumer Now In Question
• Seagate Jumps Into IPhone, Pad, IPod Business Of Apple
• Are Oil Prices A Threat To The U.S. Economy?
• Southwest’s New Labor Contract
• Q1 Results In-Line
• Align To Support Cadent Product
• Eaton Acquires Internormen Tech
• Silgan Downgraded By Moody’s
• Kimberly-Clark’s New
• The Deleveraging Of American Households
• Chrysler Shutdowns Sooner
• Teva Bolsters Position In Japan
• DOW Suspending Louisiana Ops
• Dillard’s Beats Estimates
• TOTAL Commences Trinidad Phase 2
• Closing Bell Market Monitor: NYX, LOW
• Forex – EUR/USD Up At The End Of U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Dr. Reddy’s Continues To Grow
• Ensco Stays Neutral
• Yum Makes Offer For Little Sheep
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 0.38%
• Moody’s Rates Prudential Notes
• Domestic Strains In Telefonica 1Q
• Forex – GBP/USD Up During The U.S. Session
• Earnings Preview: Limited Brands
• Thermo Gets Active On Dionex Buyout
• Liberty Property Divests Assets
• Is The Debt Ceiling Constitutional?
• Forex – USD/CAD Up In U.S. Trade
• Medtronic’s Edge In Spinal Treatment
• GM Keeps Plants In Force, Offers Job
• Real Profits Of U.S. Manufacturing Corporations Have Recovered To All-Time Record-High Levels
• Forex – EUR/USD Up In U.S. Trading Hours
• Three Reasons To Believe In $100 Oil

GD Gets Follow-on Contract Posted: 16 May 2011 05:02 PM PDT General Dynamics Information Technology, a business unit of General Dynamics (NYSE:GD), was awarded a follow-on task order to continue providing claims processing support to the Department of Health and Human Services’ Centers for Medicare and Medicaid Services (CMS). The contract has a total potential value of $95 million spread over a period of five years. Per the contract, General Dynamics will perform computer software services to support the Durable Medical Equipment, Prosthetics, Orthotics … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Billion Dollar Deal For UTX Posted: 16 May 2011 04:32 PM PDT United Technologies Corporation (NYSE:UTX) has bagged U.S. Navy contract updates totaling about $1 billion to provide engines for the multi-national F-35 fighter jet program. The company is required to supply 18 engines for conventional take-off and landing planes and 19 for short takeoff/vertical landing F-35s. The deal provides 15% savings on the conventional takeoff and landing carrier models. Deliveries are scheduled to start in the fourth quarter of 2011. United Technologies has strong market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Willis Forms Life Solutions Group Posted: 16 May 2011 04:32 PM PDT Willis Re, a part of  Willis Group (NYSE:WSH), has formed Life Solutions Group to offer advice on risk mitigation and financial leverage. Rick Hodgdon, Mike Kaster and Brian Holland will lead the new entity. Primarily, The Willis Re Life Solutions Group will provide capital management, structuring and advisory, and program enhancement solutions for the Life insurance and Annuity marketplace in North America. To cater to the rising needs to augment capital efficiency in the Life and Annuity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hanger Remains Outperform Posted: 16 May 2011 04:32 PM PDT We reaffirm our Outperform rating on orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR)  as we remain upbeat about its business prospects. Earnings for first-quarter fiscal 2011 matched the Zacks Consensus Estimate while profit skyrocketed 55% year over year owing to the combined impact of higher revenues and management's cost containment initiatives. Healthy contributions from the company's therapeutic solutions and distribution businesses coupled with the acquisition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Underperform On Precision Castparts Posted: 16 May 2011 04:32 PM PDT Precision Castparts Corp. (NYSE:PCP) released its fourth quarter 2011 earnings results, reporting earnings per share from continuing operations of $1.87 compared with $1.66 per share in the prior year quarter. The company underperformed the Zacks Consensus Estimate by 4 cents. Revenue Details Total revenue was $1.7 billion compared with $1.4 billion in the prior year quarter. Improved performance in aerospace and increased sales in general industries benefited the company's results in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 16 May 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.82, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.4153 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Varian Invests In Augmenix Posted: 16 May 2011 04:02 PM PDT Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) has inked a pact with privately-held Augmenix, under which, Varian will make a $15 million equity investment in the latter. The agreement also provides the California-based company with an option to acquire Augmenix, which makes hydrogels used in radiation therapy. Hydrogels, which primarily consist of water and polyethylene glycol ("PEG"), are used to improve outcomes in radiation oncology. Augmenix's flagship … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exelon Buys Texas Plant Posted: 16 May 2011 03:57 PM PDT Diversified utility Exelon Corporation (NYSE:EXC) said it has signed a deal to buy a combined-cycle natural gas-fired power plant in north Texas, called Wolf Hollow, in order to expand its clean power generation fleet and its presence in the competitive Texas energy market. Exelon will pay $305 million to Sequent Wolf Hollow LLC to acquire the Texas plant. The 720-megawatt (MW) Wolf Hollow plant is located near Granbury, Texas. The plant has two Mitsubishi combined-cycle gas turbines installed and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Wins Insurance Deal Posted: 16 May 2011 03:57 PM PDT Accenture plc (NYSE:ACN) recently sealed a deal with Navy Mutual Aid Association. Financial details of the deal were not disclosed. Under the terms of the deal, Accenture will provide support to the life insurance and annuity business of Navy Mutual. For this purpose, Accenture will license and implement its life insurance policy administration solution to the association's computing systems. Founded in 1879 by some sea-service members, Navy Mutual is a nonprofit, federally tax-exempt, mutual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Negative Asset Growth For Schwab Posted: 16 May 2011 03:57 PM PDT On Friday, Charles Schwab Corp. (NASDAQ:SCHW) released its Monthly Activity Report for April 2011, recording net outflows of $0.5 billion in net new assets (including both new and existing clients) as the customers withdrew money to pay income taxes. This is the first time that the company has reported a net outflow since June 2010. However, Schwab's client assets totaled $1.68 trillion at the end of April, reflecting a growth of 2% from the prior month and 11% on a year-over-year basis. The hike … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Summer Air Travel Expected To Climb Posted: 16 May 2011 03:55 PM PDT 05/16/11 The Air Transport Association of America expects to see domestic air travel rise, while international travel is forecast to spike to record … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap Forays Into Serbia And Ukraine Posted: 16 May 2011 03:37 PM PDT Gap Inc. (NYSE:GPS), as part of its expansion project in the $1.4 trillion global apparel market, has taken a step forward to introduce its brand in Serbia and Ukraine. It plans to launch the Gap brand in these Eastern European nations through contracts with existing franchises. Gap, GapKids and babyGap are expected to unveil the latest trend in the cities of Belgrade and Kiev in fiscal 2011. In collaboration with Marinopoulos Group, which is one of the foremost retail, commercial and industrial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade Posted: 16 May 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.7801, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 0.7756, today&rsquo;s low, and resistance at 0.7991, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.07% to hit 1.3548 and EUR/NZD falling 0.04% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Moves Clients From Oracle Posted: 16 May 2011 03:32 PM PDT IBM Corp. (NYSE:IBM) introduced new migration resources to pace up the process to shift clients using Oracle Corp (NASDAQ:ORCL) software to IBM software. This new initiative includes training IBM clients for the IBM software. IBM will also finance the migration process from the Oracle database and software to IBM. IBM Global Financing is providing zero percent financing of the qualified clients who are ready to shift from Oracle software to IBM software. This move is likely to lower the IT spending of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ericsson To Build LTE In Korea Posted: 16 May 2011 03:32 PM PDT LM Ericsson Telephone Company (NASDAQ:ERIC) via subsidiary company LG-Ericsson, has entered into an agreement with LG U+, a Korean wireless service provider, to build a ultra-high speed next generation (LTE) commercial service network. LG U+ will be able to support the existing CDMA and 4G LTE mobile service networks concurrently, becoming the first LTE service provider in Korea with upgraded data speeds and service quality. Customers will be able to enjoy high-speed mobile broadband services like … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NU Unit Builds New Solar Plant Posted: 16 May 2011 03:32 PM PDT Northeast Utilities (NYSE:NU) announced that its unit Western Massachusetts Electric Company ("WMECo") will develop a solar energy facility in the Indian Orchard section of Springfield. The project site stretches across an area of 12 acres and was previously used as a foundry. This foundry site will be developed into a green energy facility by using 8,200 solar panels, which will generate around 2.2 megawatt (MW) of electricity. This solar Indian Orchard facility is expected to be completed in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

R.R. Donnelley Signs New Deal Posted: 16 May 2011 03:32 PM PDT A leading provider of integrated communications and printing solutions, R.R. Donnelley & Sons Co. (NYSE:RRD) recently signed a global supply chain agreement with renowned publishers HarperCollins, a subsidiary of News Corporation (NYSE:NWS). The two companies have had a healthy relationship for the last 20 years and the recent agreement enhances this relationship. Under the terms of the agreement, R.R. Donnelley will solely handle printing, logistics and shipping of all new HarperCollins releases … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Monday, May 16, 2011 Posted: 16 May 2011 03:29 PM PDT Stocks sold off today with the Nasdaq Composite suffering the biggest losses as the technology sector declined 1.4%. The losses were smaller on the DJIA and S&P 500 because the consumer staples, health care, and utilities sectors managed to finish flat or slightly up indicating money is moving out of the market or to more defensive sectors of the market. Market breadth favored the bears as well and the major indexes which have been finding support near their 21-day moving averages were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – Dell, Home Depot, Wal-Mart, US Housing Starts, Industrial Production Posted: 16 May 2011 10:20 AM PDT 05/16/11 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: Consumer Now In Question Posted: 16 May 2011 03:18 PM PDT Cusick’s Corner Breach! Pressure mounts in Washington as the debt ceiling was breached (bad for the postal pension holders), sending the bond markets to their best levels. Government pension holders will be the backstop at least through the summer. In the commodity world, the floods along the Mississippi have threatened cotton and wheat crops which have sent both markets to the upside. Retail and Tech are the hardest hit sectors, especially with the consumer now in question. This will raise too … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Seagate Jumps Into IPhone, Pad, IPod Business Of Apple Posted: 16 May 2011 03:17 PM PDT Big news out of Seagate in announcing today the  first mobile wireless storage device for iOS devices (iPhones, iPads, and iPod Touches,(NASDAQ:AAPL). Nothing like joining the Smartphone revolution! "With the growth of the tablet and iPad markets and the larger volumes of high-quality media now being consumed, there is a clear need for access to content that is not plagued with the challenges of streamed video over the Internet," said Patrick Connolly, vice president and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Are Oil Prices A Threat To The U.S. Economy? Posted: 16 May 2011 03:16 PM PDT No, according to this video presentation by Fisher Investments,where they feature three charts to support the position that today’s high oil prices don’t pose a threat to the economic expansion:  a) energy spending as a percent of disposable income is only 5.2% allowing to absorb temporarily high oil and gas prices, b) we have the most energy efficient economy in history, with oil consumption per real dollar of GDP at an all-time low, and c) while real output is now above its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Southwest’s New Labor Contract Posted: 16 May 2011 03:02 PM PDT Southwest Airlines Co. (NYSE:LUV), one of the leading discounted airlines in the U.S., has reached a tentative agreement with the Aircraft Mechanics Fraternal Association that represents 260 appearance technicians. Appreance technicians are responsible for the cleanliness and maintenance of an aircraft. Though details of the new agreement were not specified, the company assured that the agreement includes compensation benefits and changes in work rules. The new tentative agreement is subject to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Q1 Results In-Line Posted: 16 May 2011 03:02 PM PDT Brian Marckx, CFA Q1 2011 Financial Results SANUWAVE Health (SNWV) announced financial results for the first quarter ending March 31, 2011 on May 16, 2011.  Aside from operating expenses coming in about 16% lower than our estimate, results were very much in-line with our expectations.  The 10-Q did not include any other surprises.  Noteworthy is that SANUWAVE continues to expect to make the final PMA module filing for dermaPACE during the current (Q2) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Align To Support Cadent Product Posted: 16 May 2011 03:02 PM PDT Recently, Align Technology (NASDAQ:ALGN) identified interoperability with Cadent Holdings’ orthodontic full arch scanning process for the use in its Invisalign treatment. This interceptive Invisalign procedure of Align will be available on Cadent's OrthoCAD iOC system with latest software version iOC 4.0. The company is currently conducting final beta tests to validate Cadent's another major product iTero 4.0 scanning software and expects to identify its interoperability in immediate terms. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Acquires Internormen Tech Posted: 16 May 2011 03:02 PM PDT Eaton Corporation (NYSE:ETN) has successfully closed its previously announced deal to buy the German Hydraulics company Internormen Technology Group. The company expects to significantly expand its filtration product portfolio with technically advanced products and systems for mobile, industrial hydraulic and process applications, through the acquisition of the German filtration products maker. The source of the transaction dates back to March 14, 2011, when Eaton and Internormen Technology had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silgan Downgraded By Moody’s Posted: 16 May 2011 03:02 PM PDT Silgan Holdings Inc. (NASDAQ:SLGN) has been recently downgraded to Stable from a positive outlook by Moody’s Investors Service. It is worthy of note that the company has been downgraded when it was planning to buy Graham Packaging Company Inc. (NYSE:GRM) in a cash-and-stock deal worth $1.28 billion. According to Moody's, it provided a stable outlook contemplating the risks involved in the acquisition and integration of Graham; Silgan's attempts to pay down its debt using free cash flows, thus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kimberly-Clark’s New Posted: 16 May 2011 03:02 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 pant, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Deleveraging Of American Households Posted: 16 May 2011 03:01 PM PDT A week ago I featured the chart above showing that the household debt service ratio (red line) was 11.75% in the last quarter of 2010, which is the lowest ratio since the first quarter of 1998, and the household financial obligations ratio at 16.64% in Q4 2010 was the lowest since the first quarter of 1995.  Dennis Cauchon has an article in today’s USA Today that offers some explanations for the trend in the graph above:  “Americans are reducing mortgage payments at a record clip, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chrysler Shutdowns Sooner Posted: 16 May 2011 02:22 PM PDT Chrysler, 30% owned by Italy's Fiat SpA (FIATY), has shifted the summer shutdown of three U.S. plants from July to June due to shortage in parts supply on the back of earthquake and tsunami in Japan on March 11 that damaged many parts supplying companies' plants. With this, the Detroit-based automaker will provide more time to the parts supplier to resume production at their plants or come up with alternatives for manufacturing the parts. The production shift will affect a pickup truck … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Teva Bolsters Position In Japan Posted: 16 May 2011 02:22 PM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced its intention to acquire 57% of the shares of privately-held Japanese company Taiyo Pharmaceutical Industry Co. Ltd. for $460 million. Teva said that it also intends to extend an offer for the remaining shares at Taiyo. The deal, which is scheduled to close in the third quarter, gives Taiyo an enterprise value of $1.3 billion. Deal to Strengthen Teva's Presence in Japan The deal is in-line with Teva's strategy of becoming a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DOW Suspending Louisiana Ops Posted: 16 May 2011 02:02 PM PDT The largest U.S. containing alkali maker, Dow Chemical Co. (NYSE:DOW) announced that it will suspend dock operations at two factory sites in Louisiana in anticipation of potential flooding from the swollen Mississippi River. Though the company does not expect floods at its Plaquemine and St. Charles sites, it is suspending dock work based on water-level projections. However, the company's logistics professionals continue to work diligently to minimize the impact of this situation on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dillard’s Beats Estimates Posted: 16 May 2011 02:02 PM PDT Dillard’s Inc. (NYSE:DDS), a leading fashion apparel, cosmetics and home furnishings retailer, posted a record first-quarter 2011 earnings of $1.27 per share, outpacing the Zacks Consensus Estimate of 91 cents per share and prior-year quarter earnings of 69 cents per share. On a reported basis, including one-time items, Dillard’s reported earnings were $1.31 per share compared with the prior-year quarter’s earnings of 68 cents per share. Dillard’s top line (including CDI Contractors, construction, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TOTAL Commences Trinidad Phase 2 Posted: 16 May 2011 02:02 PM PDT TOTAL S.A (NYSE:TOT) and its partners said, yesterday, that it has begun Phase 2 of gas development at the Greater Angostura field, located in the Block 2(c) about 24 miles off the northeastern coast of Trinidad. The Greater Angostura field includes oil and gas discoveries at Aripo, Kairi and Canteen. The offshore field produces oil and gas in water depths of about 131 feets, with a design capacity to produce about 280 million cubic feet of gas per day (7.9 million cubic meters per day). TOTAL … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: NYX, LOW Posted: 16 May 2011 02:00 PM PDT 05/16/11 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: 16 May 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4160, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today&rsquo;s low, and resistance at 1.4423, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.31% to hit 0.8743 and EUR/JPY rising 0.31% to hit … [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: 16 May 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.77, down 0.02% at time of writing.<br/><br/> The pair was likely to find support at 80.35, Friday&rsquo;s low, and resistance at 81.32, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.37% to hit 1.4171 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dr. Reddy’s Continues To Grow Posted: 16 May 2011 01:32 PM PDT Dr. Reddy's Laboratories (NYSE:RDY) reported fiscal 2011 earnings per American Depositary Share (ADS) of $1.50 compared with 10 cents per ADS posted in fiscal 2010. Higher revenues and lower operating expenses helped boost earnings. Year at a Glance The company reported revenues of $1.7 billion during the fiscal year, reflecting a year-over-year increase of 6%. Dr. Reddy's reports revenues under two segments – Global Generics and Pharmaceutical Services & Active Ingredients (PSAI). … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ensco Stays Neutral Posted: 16 May 2011 01:32 PM PDT We maintain our Neutral recommendation for Ensco Plc (NYSE:ESV) following lower-than-expected first quarter 2011 results. While new regulations in the Gulf of Mexico (GoM) have pressured offshore drillers, we appreciate Ensco's financial discipline, organically developed asset base as well as robust deepwater outlook. Ensco's first quarter earnings experienced an approximately 60% drop, failing to meet our expectation mainly due to lower dayrates and utilization. Revenues in Jackup and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yum Makes Offer For Little Sheep Posted: 16 May 2011 01:32 PM PDT Louisville, Kentucky-based Yum! Brands, Inc's (NYSE:YUM) overseas expansions, particularly in China, remains a key growth driver and to further boost its market share in China, the company offered a bid to buy the Chinese chain of hot pot restaurants, Little Sheep Group Limited. Yum, which owns KFC, Pizza Hut and Taco Bell, offered to purchase all the outstanding shares of Little Sheep last month. Little Sheep shares are listed on the Hong Kong Stock Exchange. Yum currently owns a 27.2% stake in … [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: 16 May 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4175, up 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today&rsquo;s low, and resistance at 1.4423, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8746 and EUR/JPY rising 0.35% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.38% Posted: 16 May 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.38%, the S&P 500 index shed 0.62%, while the Nasdaq 100 index declined 1.74%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 0.72%; Germany&rsquo;s DAX shed 0.21%; Britain&rsquo;s FTSE 100 declined 0.04%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moody’s Rates Prudential Notes Posted: 16 May 2011 01:02 PM PDT The rating agency Moody’s Investors Service has conferred a "Baa2" rating on the senior debt of Prudential Financial Inc. (NYSE:PRU). The rating action also includes the recent issuance of senior unsecured notes worth $800 million by Prudential. The rating holds an investment grade status and carries a "stable" outlook.  The $800 million of notes were issued in two parts – $500 million of 5-year 3.0 % debt that would yield 118 basis points more than similar maturity U.S. Treasuries, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Domestic Strains In Telefonica 1Q Posted: 16 May 2011 12:57 PM PDT Spanish telecom giant Telefonica (NYSE:TEF) reported first quarter 2011 earnings per share of €0.36 (49 cents per ADS), flat with the year-ago earnings. Net income dipped 1.9% year over year to €1.624 billion ($2.22 billion) due to stiff competition in the company's home market and increased operating expenses. Following the earnings release, the shares dropped 1.61% to $23.85, its four-month low. Consolidated revenue rose 10.8% year over year to €15.435 billion ($21.1 billion) in the … [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: 16 May 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6200, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6147, Friday&rsquo;s low, and resistance at 1.6517, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.41% to hit 0.8752 and GBP/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Limited Brands Posted: 16 May 2011 12:32 PM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, is scheduled to report its first-quarter 2011 financial results after the bell on Wednesday, May 18, 2011. The current Zacks Consensus Estimate for the quarter is 39 cents a share. For the quarter under review, revenue is $2,218 million, according to the Zacks Consensus Estimate. Fourth-Quarter 2010, a Synopsis Limited Brands' quarterly earnings of $1.26 per share came … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thermo Gets Active On Dionex Buyout Posted: 16 May 2011 12:32 PM PDT Thermo Fisher Scientific (NYSE:TMO) will hold an Analyst Meeting on May 25, 2011 in New York. Members of the senior management team will discuss their expectations regarding the company's future performance. Previously, the company had also shown its confidence of acquiring Dionex Corporation (NASDAQ:DNEX). Thermo Fisher moved a step ahead in this respect on receiving the recent approval from the European Commission for the proposed merger. In January, the company had received antitrust clearance in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Liberty Property Divests Assets Posted: 16 May 2011 12:32 PM PDT Liberty Property Trust (NYSE:LRY), a real estate investment trust (REIT), divested 14 office and flex properties to Lingerfelt  Development, spanning 918,889 square feet of space in Richmond  for approximately $97 million. Liberty Property operates in multiple markets, enabling the company to mitigate geographical risk. In each of these markets, the company offers an appropriate mix of office and industrial properties, sufficient for it to be recognized as a significant participant in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is The Debt Ceiling Constitutional? Posted: 16 May 2011 12:12 PM PDT Is the Debt Ceiling, which we hit today, constitutional?  The Treasury has a few accounting moves up its sleeve that will prevent an actual default until early August, including stopping contributions to the Federal retirement programs. However, even doing that might be constitutionally questionable. Here is the relevant text of the 14th amendment: "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 16 May 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9726, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 0.9514, Wednesday&rsquo;s low, and resistance at 0.9770, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.59% to hit 1.4202 and GBP/USD rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic’s Edge In Spinal Treatment Posted: 16 May 2011 12:02 PM PDT Leading medical devices player, Medtronic (NYSE:MDT), received some good news with respect to its Spinal segment. The company recently announced that Noridian Administrative Services will continue to provide coverage of vertebral augmentation for the treatment of spinal fractures. This decision will benefit Medtronic as it provides Kyphon balloon kyphoplasty procedures (BKP) for spinal fractures caused by osteoporosis and cancer. Noridian is a Medicare Administrative Contractor that provides … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Keeps Plants In Force, Offers Job Posted: 16 May 2011 12:02 PM PDT General Motors Co. (NYSE:GM) announced that it would invest $109 million in its Flint and Bay City operations in Michigan in order to support production of 1.4L Ecotec Engine that will be used in fuel-efficient vehicles such as the Chevrolet Cruze, Volt plug-in hybrid and the Sonic. Chevrolet Sonic will be built at GM’s assembly plant in Orion Township, Michigan later this year. The investment will retain 96 jobs at the plants. It is a part of GM's $2 billion investment plan at 17 assembly and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Real Profits Of U.S. Manufacturing Corporations Have Recovered To All-Time Record-High Levels Posted: 16 May 2011 11:46 AM PDT Mike Mandel has a post “New Manufacturing Data Show Weaker Factory Recovery, Deeper Recession,” where he presents some new Census data on factory shipments of manufactured goods through the first quarter of 2011. Mike concludes that “real shipments are still 15% below their peak, and asks “Now that hardly looks like a recovery at all, does it?” But Census also reported recently on U.S. manufacturing profits (see CD post here), and those data show that real manufacturing profits have … [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: 16 May 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4185, up 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.4048, today&rsquo;s low, and resistance at 1.4423, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.44% to hit 0.8754 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Three Reasons To Believe In $100 Oil Posted: 15 May 2011 10:00 PM PDT After selling off nearly 14 percent the previous week, oil prices finished last week slightly higher at $99.65 per barrel. While the end result was a net positive, the volatility continued. Oil prices per barrel reached $104, then fell to around $96, before nesting just below $100. As an investor, this volatility can be difficult to handle. Throw in the uncertainty of today's geopolitical environment, and investors feel the need to downsize their positions in commodity investments, such as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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