DailyMarkets.com - Terex Initiates $1.3B Demag Bid
DailyMarkets.com - Terex Initiates $1.3B Demag Bid |
- Terex Initiates $1.3B Demag Bid
- Phase II Data On Teva Candidate
- Square Miss For Unilife
- IBM Collaborates With SARA
- Earnings Scorecard: Windstream
- Forex – EUR/USD In Tight Range As Euro Zone Debt Worries Weigh
- Philadelphia Fed Manufacturing Index Plunges In May
- U.S. Existing Home Sales Decline Unexpectedly In April
- Senate Junks Offshore Drilling Bill
- Hot Topic Reports In Line
- Corn Yields Have Increased Six Times Since 1940
- GBP/JPY Attempting To Form A Bottom; 134.00 Will Validate Or Deny
- Crude Oil Futures Trim Gains After IEA Warns Of High Prices
- Neutral On Kansas City Southern
- Stock Market News Briefs: Abercrombie & Fitch Company, Dr Pepper Snapple Group, Inc, Eastman Kodak Company, Mattel, Morgan Stanley, Staples, Thoratec, Wells Fargo & Company
- Jobless Claims Fall, Thankfully
- ONEOK Repurchases Shares
- Forex – USD/CAD Slides To 4-day Low In Choppy Trade
- Swiss Franc: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: The Downside Prevails
- Euro: Under Pressure
- Morning Market Brief
- Cliffs Sells Unit
- A Boost For Motorola Solutions
- US Jobless Claims Surprise On Downside, A Positive For US Labor Market
- Forex – USD/JPY Extends Gains After U.S. Jobless Claims Data
- U.S. Initial Jobless Claims Fall More-than-expected
- PetSmart Beats, Guides High
- U.S. Stock Futures Point Higher Ahead Of Data; Dow Up 0.3%
- UK Calling ABB
- ECB Doubles Down Against Reprofiling, Would Not Take Greek Debt As Collateral
- Crude Oil, Gold And Silver Set To Follow S&P 500 Higher
- JPY Weaker On GDP, EUR Sideways On Spain Auction, GBP Climbs Post Retail Sales
- Forex – Dollar Mixed Vs. Rivals As Markets Seek Direction
- Forex – GBP/USD Erases Losses After Rise In U.K. Retail Sales
- Forex – EUR/USD Erases Losses After Dipping On ECB Comments
- Corn, Wheat Futures Rally As Weather Threatens U.S. Crop Yields
| Terex Initiates $1.3B Demag Bid Posted: 19 May 2011 08:02 AM PDT Terex Corp. (NYSE:TEX) has launched a tender offer for Demag Cranes AG at 41.75 euros per share, coming to a total bid of 883.9 million euros ($1.3 billion), under which Demag Cranes shareholders would have time until June 30 to accept the offer. The minimum acceptance threshold for Demag’s tender offer is 51%.
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| Phase II Data On Teva Candidate Posted: 19 May 2011 08:02 AM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) and CureTech recently presented preliminary top-line results on their oncology candidate, CT-011. Results from a phase II study showed that CT-011 met the primary endpoint of improved progression-free survival (PFS) in patients with diffuse large B cell lymphoma (DLBCL) following autologous stem cell transplantation.
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| Posted: 19 May 2011 07:32 AM PDT Unilife Corporation (UNIS), a U.S.-based manufacturer and supplier of advanced drug delivery mechanisms, reported third quarter (ended March 31) fiscal 2011 adjusted (excluding one-time expenses other than stock-based compensation) loss per share of 20 cents, higher than the Zacks Consensus Estimate loss of 13 cents, as well as the year-ago loss per share of a dime.
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| Posted: 19 May 2011 07:32 AM PDT International Business Machines Corp.(NYSE:IBM) has entered into a joint research agreement with SARA, a Dutch National High Performance Computing and e-Science Support Center. The two companies will be pooling their resources in petascale computing to facilitate functioning of applications on next-generation super computers.
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| Earnings Scorecard: Windstream Posted: 19 May 2011 07:32 AM PDT Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet services provider, reported first quarter 2011 results on May 4. Adjusted earnings per share were at par with the Zacks Consensus Estimate.
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| Forex – EUR/USD In Tight Range As Euro Zone Debt Worries Weigh Posted: 19 May 2011 07:14 AM PDT Forex Pros – The euro was trading in a tight range against the U.S. dollar on Thursday, swinging between small gains and losses as unresolved concerns over euro zone sovereign debt issued weighed.<br /><br />EUR/USD hit 1.4306 during early U.S. trade, the daily high; the pair subsequently consolidated at 1.4269, easing up 0.14%.<br /><br />The pair was likely to find support at 1.4119, the low of July 17 and resistance at 1.4422, the high of May 11.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Philadelphia Fed Manufacturing Index Plunges In May Posted: 19 May 2011 07:13 AM PDT Forex Pros – Manufacturing activity in the Philadelphia-region plunged in May, declining sharply for the second consecutive month official data showed on Thursday.<br /><br />In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index plummeted to 3.9 in May, compared to April’s reading of 18.5. <br /><br />Analysts had expected the index to increase to 20.0 in May.<br /><br />The index climbed to a 27-year high of 43.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Existing Home Sales Decline Unexpectedly In April Posted: 19 May 2011 07:08 AM PDT Forex Pros – U.S. existing home sales declined unexpectedly in April, industry data showed on Thursday.<br /><br />In a report, the National Association of Realtors said that existing home sales declined by 0.8% to a seasonally adjusted 5.05 million units in April, down from 5.09 million units in March, whose figure was downwardly revised from 5.10 million.<br /><br />Analysts had expected existing home sales to increase 2% to a seasonally adjusted 5.22 million units … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Senate Junks Offshore Drilling Bill Posted: 19 May 2011 07:02 AM PDT While motorists continue to complain over high gasoline prices, the Democrats and Republicans are engaged in a bitter fight as to what course of action to take.
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| Posted: 19 May 2011 07:02 AM PDT Hot Topic Inc. (NASDAQ:HOTT) reported first quarter fiscal 2011 earnings of 0 cents a share, in line with the Zacks Consensus Estimate. However, it improved substantially from the prior-year loss of 4 cents a share. Earnings per share in the reported quarter exclude approximately 17 cents of expenses related to the implementation of the previously announced cost reduction plan and strategic business changes. Including the said expenses, loss per share came in at 17 cents a share.
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| Corn Yields Have Increased Six Times Since 1940 Posted: 19 May 2011 07:01 AM PDT The chart above displays annual U.S. corn yields (bushels per acre) back to 1866 (USDA data here). After remaining flat between 1866 and 1939 at about 26 bushels per acre, corn yields starting increasing dramatically starting in the 1940s due to the introduction of hybrid seeds, and the widespread use of nitrogen fertilizers and herbicides (source). By 2009, average corn yields had increased by more than six times to a record high 165 bushels per acre, before falling last year to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/JPY Attempting To Form A Bottom; 134.00 Will Validate Or Deny Posted: 19 May 2011 06:56 AM PDT EUR/JPY and GBP/JPY seen with Negative Reversal Signals (5/18) - The GBP/JPY market continues to flatten out and the bearish move from 140.00 down to 130.30 area.
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| Crude Oil Futures Trim Gains After IEA Warns Of High Prices Posted: 19 May 2011 06:51 AM PDT Forex Pros – Crude oil futures pared gains in choppy trade on Thursday, after the International Energy Agency warned that elevated oil prices could derail the global economic recovery. <br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD100.28 a barrel during European morning trade, easing up 0.11%. <br /><br />It earlier rose by as much as 1% to a daily high of USD101.24 a barrel. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Neutral On Kansas City Southern Posted: 19 May 2011 06:32 AM PDT We reiterate our Neutral recommendation on Kansas CitySouthern (NYSE:KSU), indicating that the stock will perform almost in line with the broader market. The company reported solid first-quarter 2011 results, which meets the Zacks Consensus Estimates. Kansas City Southern posted a record improvement in the operating ratio for the quarter mainly attributable to improvement in business volumes, effective cost control measures, and strong pricing environment.
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| Posted: 19 May 2011 06:32 AM PDT Abercrombie & Fitch (NYSE:ANF) reported Q1 EPS of $0.27, surpassing the Zacks Consensus Estimate of $0.11 per share. Revenues for the quarter rose 22% year-over-year to $836.7 million, beating the Zacks Consensus Estimate of $783.0 million Board of directors of Dr Pepper Snapple Group (NYSE:DPS) declared a quarterly dividend of $0.32 per share of the company’s common stock. Compared with the previous year, the group's dividend has increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Jobless Claims Fall, Thankfully Posted: 19 May 2011 06:32 AM PDT Weekly Jobless Claims dropped a bigger than expected 29 thousand to 409 thousand last week, reversing the negative trend in this key series that appeared to be taking hold in recent weeks. The 4-week average, which smooths out the series’ inherent week-to-week volatility, dropped by 1250 to 439 thousand. This strong Jobless Claims read should help stocks sustain Wednesday’s positive momentum. Claims moved above the important 400 thousand level last month after consistently coming down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 19 May 2011 06:32 AM PDT ONEOK Inc. (NYSE:OKE) entered into an agreement with Barclays Capital, a wing of Barclays Plc (NYSE:BCS), to buy back $300 million of its shares. The company decided to repurchase 4.3 million of its shares from Barclays Capital at $69.08 per share, the closing price on May 17, 2011. The company will then immediately retire 85% of the shares repurchased from Barclays.
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| Forex – USD/CAD Slides To 4-day Low In Choppy Trade Posted: 19 May 2011 06:29 AM PDT Forex Pros – The U.S. dollar slid to a four-day low against its Canadian counterpart in choppy trade on Thursday, as the price of crude oil, Canada’s largest export, fluctuated.<br /><br />USD/CAD hit 0.9656 during early U.S. trade, the pair’s lowest since May 13; the pair subsequently consolidated at 0.9672, shedding 0.27%.<br /><br />The pair was likely to find support at 0.9603, the low of May 13 and resistance at 0.9758, Wednesday’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc: The Downside Prevails Posted: 19 May 2011 06:18 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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| Posted: 19 May 2011 06:18 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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| British Pound: The Downside Prevails Posted: 19 May 2011 06:18 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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| Posted: 19 May 2011 06:18 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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| Posted: 19 May 2011 06:15 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
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| Posted: 19 May 2011 06:12 AM PDT Freewest Resources Canada Inc., a wholly owned subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF) entered into an agreement to sell its two mineral properties to Viking Gold Exploration Inc. (TSXV:VGC), subject to the approval of the TSX Venture Exchange and certain other closing conditions.
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| A Boost For Motorola Solutions Posted: 19 May 2011 06:02 AM PDT Recently, Moody's Investor Service upgraded the credit rating of Motorola Solutions Inc. (MSI). Moody's raised Motorola Solutions' senior unsecured and issuer ratings to "Baa2", indicating that the existing bonds of Motorola Solution carry moderate credit risk and may possess speculative characteristics. Simultaneously, the rating agency also raised Motorola Solutions' short-term liquidity rating to "Prime-2" from "Prime-3". This implies that the company's short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| US Jobless Claims Surprise On Downside, A Positive For US Labor Market Posted: 19 May 2011 05:49 AM PDT Jobless claims, which have been running above the 400K level since mid-April, saw a bigger than expected decrease for the week ended May 14th. initial claims for jobless benefits fell by 29K to 409K. Expectations had been for a decline of around 11K. var div = jQuery(“”).css({ The news is an indication that claims may resume a downward trend after a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Extends Gains After U.S. Jobless Claims Data Posted: 19 May 2011 05:43 AM PDT Forex Pros – The U.S. dollar extended gains against the yen on Thursday, rising to a fresh three-week high after official data showed that the number of people who filed for initial unemployment benefits in the U.S. last week fell more-than-expected.<br /><br />USD/JPY hit 82.06 during European afternoon trade, the pair’s highest since April 28; the pair subsequently consolidated at 82.01, gaining 0.42%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Initial Jobless Claims Fall More-than-expected Posted: 19 May 2011 05:36 AM PDT Forex Pros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending May 14 fell by 29,000 to a seasonally adjusted 409K, down from 438K in the preceding week, whose figure was revised up from 434K.<br /><br />Analysts had expected initial jobless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 19 May 2011 05:32 AM PDT PetSmart Inc. (NASDAQ:PETM), the specialty retailer of products, services, and solutions for pets, recently posted first-quarter 2011 earnings of 61 cents a share, up 32.6% from 46 cents in the year-ago quarter, outpacing the Zacks Consensus Estimate of 55 cents.
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| U.S. Stock Futures Point Higher Ahead Of Data; Dow Up 0.3% Posted: 19 May 2011 05:24 AM PDT Forex Pros – U.S. stock futures pointed to a higher open on Thursday, as shares in the commodity sector were boosted by firm commodity prices, while investors awaited key data on the labor and housing markets. <br /><br />Dow Jones Industrial Average futures pointed a gain of 0.3%, the S&P 500 futures added 0.33%, while Nasdaq 100 futures edged 0.2% higher. <br /><br />Shares in the commodity sector advanced in pre-market trade as oil and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 19 May 2011 05:23 AM PDT ABB Ltd. (NYSE:ABB) received a contract in Cheshire, United Kingdom for automation and instrumentation work at a new natural gas storage facility. Storengy, a GDF Suez company in Cheshire will be using the Stublach facility.
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| ECB Doubles Down Against Reprofiling, Would Not Take Greek Debt As Collateral Posted: 19 May 2011 05:19 AM PDT The Greek saga took another interesting turn today, though it will likely sow the seeds of further uncertainty around what to do next with Greece.
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| Crude Oil, Gold And Silver Set To Follow S&P 500 Higher Posted: 19 May 2011 05:15 AM PDT Commodities – Energy
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| JPY Weaker On GDP, EUR Sideways On Spain Auction, GBP Climbs Post Retail Sales Posted: 19 May 2011 05:01 AM PDT The Yen was marginally weaker after its GDP data showed the economy falling back into recession as a result of a 1st quarter in which the economy contract 0.9% due to the natural disasters that befell the country in March.
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| Forex – Dollar Mixed Vs. Rivals As Markets Seek Direction Posted: 19 May 2011 04:49 AM PDT Forex Pros – The U.S. dollar was mixed against its major counterparts in directionless trade on Thursday, as the euro stayed locked in a tight range and the yen remained broadly weaker. <br /><br />During European afternoon trade, the greenback was fractionally lower against the euro, with EUR/USD inching up 0.02% to hit 1.4250.<br /><br />Earlier Thursday, European Central Bank President Jean-Claude Trichet warned that the bank would be unable to accept Greece’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Erases Losses After Rise In U.K. Retail Sales Posted: 19 May 2011 04:38 AM PDT Forex Pros – The pound erased losses against the U.S. dollar on Thursday, easing off the daily low after official data showed that U.K. retail sales climbed more-than-expected in April.<br /><br />GBP/USD pulled back from 1.6130, the daily low, to hit 1.6187 during European early afternoon trade, easing up 0.12%.<br /><br />Cable was likely to find support at 1.5970, the low of April 1 and resistance at 1.6287, Wednesday’s high.<br /><br />The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Erases Losses After Dipping On ECB Comments Posted: 19 May 2011 03:54 AM PDT Forex Pros – The euro erased losses against the U.S. dollar on Thursday, pulling away from the daily low after dipping following remarks by European Central Bank President Jean-Claude Trichet.<br /><br />EUR/USD rebounded from 1.4205, the daily low, to hit 1.4274 during European late morning trade, gaining 0.18%.<br /><br />The pair was likely to find support at 1.4119, the low of July 17 and resistance at 1.4422, the high of May 11.<br /><br />The single … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Corn, Wheat Futures Rally As Weather Threatens U.S. Crop Yields Posted: 19 May 2011 03:42 AM PDT Forex Pros – Corn futures rallied for a sixth day on Thursday, while wheat prices surged to the highest level in three months as adverse weather in key growing regions in the U.S. continued to threaten crop production.<br /><br />On the Chicago Mercantile Exchange, corn futures for July delivery traded at USD7.5562 a bushel during European morning trade, gaining 0.7%. <br /><br />It earlier rose to USD7.5938 a bushel, the highest price since April 28. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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