Monday, June 20, 2011

DailyMarkets.com - Earnings Preview: Walgreen

DailyMarkets.com - Earnings Preview: Walgreen

Earnings Preview: Walgreen

Posted: 20 Jun 2011 11:30 AM PDT

Walgreen Co. (NYSE:WAG) is scheduled to release its third quarter 2011 earnings on Tuesday, June 22, 2011, before the market opens.
The Zacks Consensus Estimate for the third quarter is pegged at 62 cents per share.
The company has already reported total sales of $18.38 billion in the third quarter, up 6.8% from $17.20 billion in the year-ago period. Comparable store sales (those open for more than a year) increased 4.1% during the quarter, while front-end comparable store sales also spiked 3.9%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Stent Found Safe

Posted: 20 Jun 2011 11:30 AM PDT

Leading medical devices player Medtronic (NYSE:MDT) presented positive results for Valiant thoracic stent graft system after one-year patient follow-up in the US pivotal study, VALOR II, involving 160 patients. The data was presented at the annual meeting of the Society for Vascular Surgery.
It was observed that Valiant stent graft is a safe and effective treatment for patients with descending thoracic aortic aneurysm (TAA) of degenerative etiology. TAA entails dangerous swelling in the body's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Louisiana-Pacific Buys LP Brazil

Posted: 20 Jun 2011 11:30 AM PDT

Louisiana-Pacific Corporation (NYSE:LPX) recently acquired the remaining 25% equity interest in Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. (LP Brazil) through its subsidiary Louisiana-Pacific South America (LPSA).
Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. was jointly formed in 2008 by Louisiana-Pacific Corporation and Masisa do Brasil LTDA (Masisa Brazil), a subsidiary of Masisa S.A. in Chile. As per the joint venture agreement, LPSA then bought 75% of the LP Brazil plant … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Higher Beta Leading The Way

Posted: 20 Jun 2011 11:18 AM PDT

Cusick’s Corner
The market is experiencing a nice oversold squeeze to the upside which is the type of action that one can expect now, it’s choppy trading while Greece and the Fed work out austerity plans and their next steps, if any (for the Fed there may be additional QE, Quantitative Easing). I am watching Large Cap Tech names like APPL holding back the space but Small Caps, like IWM higher beta stocks, are firming and leading the charge to the upside. If the rally can stay broad based, this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 20 Jun 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Monday.<br/><br/> AUD/USD was trading at 1.0574, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.0478, Thursday&rsquo;s low, and resistance at 1.0714, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.45% to hit 1.3536 and AUD/JPY falling 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walmart Shrinks For Big Gain

Posted: 20 Jun 2011 11:05 AM PDT

Retail giant Wal-Mart Stores Inc. (NYSE:WMT) buys the idea "small is profitable" and gears up for opening mid-sized Walmart Market stores immediately. Management has also announced that the company plans to open 90 to 100 stores in the year ending in January and 300 by fiscal 2013, up from 185 presently.
These mid-sized Neighborhood markets are more like traditional grocery stores, which enjoys same returns as the supercenters and entails lesser hassles in being approved and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Panel Backs Regeneron Drug

Posted: 20 Jun 2011 11:05 AM PDT

Recently, the Dermatologic and Ophthalmic Advisory Committee of the US Food and Drug Administration (FDA) issued a positive opinion and unanimously recommended the US approval of Regeneron Pharmaceuticals Inc.'s (NASDAQ:REGN) eye treatment VEGF (vascular endothelial growth factor) trap-eye (proposed trade name: Eylea).
The panel recommended the clearance of the candidate in the US for treating patients suffering from the neovascular form of age-related macular degeneration (wet AMD). A decision … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Rig Count Goes Up

Posted: 20 Jun 2011 11:05 AM PDT

In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to an increase in the tally of oil rigs, somewhat offset by a fall in the natural gas and miscellaneous rig counts.
The Baker Hughes rig count, issued since 1944, acts as an important yardstick for drilling contractors such as Transocean Inc. (RIG), Diamond Offshore (DO), Noble … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Receives Wytch Farm Bid

Posted: 20 Jun 2011 11:05 AM PDT

British energy giant BP Plc. (NYSE:BP) has received a bid for its stake in the Wytch Farm oil field, located in southwest England. The bidder – Premier Oil – is the second largest partner in Wytch Farm after BP. As of now, BP holds a 67.81% operated interest in Wytch Farm, while Premier has a 12.38% stake.
Earlier in May, BP had agreed to sell its interests in Wytch Farm and surrounding oil fields in Dorset to privately held Perenco for $610 million. The sale was subject to partner pre-emption … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Races In Europe With 20 New Cars

Posted: 20 Jun 2011 11:05 AM PDT

Ford Motor Co. (NYSE:F) announced its plan to roll out as many as 20 new models in Europe over the next three years in order to boost car sales in the continent. The company will also expand capacity at some of the plants in and around Europe in order to support the new model launches.
The company has announced an investment of €812 million ($1.2 billion) in its plant in Valencia region of eastern Spain. It will create assembly lines for two new models – the Kuga crossover SUV and Transit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hungary Central Bank Holds Interest Rate At 6.00%

Posted: 20 Jun 2011 10:57 AM PDT

The Magyar Nemzeti Bank held its benchmark base rate unchanged at 6.00% despite inflation rising above its target.  The Bank said: “Inflation is likely to be above target in the short term, due to cost-push pressures stemming from the rise in commodity prices. However, owing to the disciplining effect on price and wage-setting of the persistent weakness in domestic demand and high unemployment, the 3% inflation target can be achieved at the end of 2012 by maintaining interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session

Posted: 20 Jun 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8097, down 0.39% at time of writing.<br/><br/> The pair was likely to find support at 0.7973, Thursday&rsquo;s low, and resistance at 0.8182, Wednesday&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 0.02% to hit 1.3066 and EUR/NZD rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Label Expansion For CELG’s Istodax

Posted: 20 Jun 2011 10:40 AM PDT

Recently, the US Food and Drug Administration (FDA) delivered a boost to Celgene Corporation (NASDAQ:CELG) by approving its cancer drug Istodax (romidepsin) for an additional indication.
The US regulatory body granted accelerated approval to Istodax for treating patients suffering from peripheral t-cell lymphoma (PTCL). The patients were treated at least once for PTCL. Istodax is already approved for treating patients suffering from T-cell lymphoma who have received at least one systemic therapy. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Falls Below The 100 Bar MA And 38.2% Retracement

Posted: 20 Jun 2011 10:38 AM PDT

The GBPUSD continued the decline after testing and holding resistance on the hourly chart at the 1.6218 level (see PRIOR POST).   The selling continued for the pair through the 100 bar MA on the 5 minute chart and the 38.2% retracement of the move up from the low today. The fall below the level should have solicited selling interest – and it did – but the fall was short lived and market bounced back higher (see 5 minute chart below).

Now with support broken and failing (on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regency Leases In Florida

Posted: 20 Jun 2011 10:35 AM PDT

Regency Centers Corporation (REG) recently leased 2650 square feet of restaurant space in Brandon, Florida at Bloomingdale Square to Chipotle Mexican Grill, Inc (CMG). The tenant is expected to start business in the fall of 2011.
Chipotle Mexican operates quick-casual, fresh Mexican food restaurant chains in 35 states throughout the United States, the District of Columbia and Ontario, Canada. Chipotle Mexican serves a focused menu of burritos, tacos and salads made from fresh, high-quality … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walmart Shri For Big Gain

Posted: 20 Jun 2011 10:35 AM PDT

Retail giant Wal-Mart Stores Inc. (NYSE:WMT) buys the idea "small is profitable" and gears up for opening mid-sized Walmart Market stores immediately. Management has also announced that the company plans to open 90 to 100 stores in the year ending in January and 300 by fiscal 2013, up from 185 presently.
These mid-sized Neighborhood markets are more like traditional grocery stores, which enjoys same returns as the supercenters and entails lesser hassles in being approved and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chantix Could Increase Heart Risk

Posted: 20 Jun 2011 10:35 AM PDT

The US Food and Drug Administration (FDA) recently announced that Pfizer's (NYSE:PFE) smoking cessation aid Chantix (varenicline) could be linked with a small, increased risk of certain cardiovascular adverse events in patients with cardiovascular disease.
The FDA's announcement was based on a review of data from a randomized, double-blind, placebo-controlled study that was conducted to evaluate the safety and efficacy of Chantix for smoking cessation. The study was conducted with about 700 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Acquiring RBC Unit

Posted: 20 Jun 2011 10:35 AM PDT

PNC Financial Services Group Inc. (NYSE:PNC) is purchasing RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada (NYSE:RY) and have signed a definitive agreement in this context. The acquisition of this RBC banking business for $3.45 billion would help PNC to expand its footprint in the Southeast markets. The purchase price of the RBC unit, which has approximately $25 billion of assets, represents $112 million discount to tangible book value.
The Deal Details
The deal would … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia Counters UK Patent Ruling

Posted: 20 Jun 2011 10:35 AM PDT

The leading mobile phone maker in the world, Nokia Corp. (NYSE:NOK) recently got involved in a legal tussle with German-based patent owning company IPCom in a UK High Court. IPCom alleged Nokia of infringing their two patents rights. However, the British High Court said that Nokia has not been found violating any patent rights of its existing product portfolios.
Nokia responded positively to the British court judgment. According to the court, none of the products in Nokia's portfolio violate any … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro In The Red, Rebounding From Lows

Posted: 20 Jun 2011 10:30 AM PDT

06/20/11 The euro currency has taken a hit earlier this morning but has come off its lows on mounting debt crisis worries in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“No Impact…if Greek Confidence Vote Goes As Planned”

Posted: 20 Jun 2011 10:10 AM PDT

06/20/11 Sunrise Securities’ Ben Willis discusses the confidence vote for Greece, and weighs in on this week’s Fed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bullish For Hansen’s Monster Drinks

Posted: 20 Jun 2011 10:07 AM PDT

Bullish for Hansen's Monster drinks
Today's tickers: HANS, SWKS & DGX
(NASDAQ:HANS) – Hansen Natural Corp. – Earlier in the month the manufacturer of fruit juice and smoothies handsomely beat Wall Street's earnings estimate by 20%. The distributor of Monster energy drink said international sales were doing well especially in Europe. During the past 12 months its share price has performed as a good bellwether for its revenue growth with shares jumping from $40 to $73.79 ahead of quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Quick Lesson On How To Identify Price Structure In Trends

Posted: 20 Jun 2011 10:06 AM PDT

Do you know how to quantify price structure?  It's not a difficult concept at all, yet many traders miss the benefit of taking a moment to assess objective price structure in the context of a developing trend.
Doing so allows you to assess objectively the next likely swing, and thus the most probable trading strategy to take.  Let's take a brief moment to review the basics of identifying price structure on multiple timeframes.
Let's start with a long-term weekly chart of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil To Use Subsea Compression

Posted: 20 Jun 2011 10:05 AM PDT

Statoil ASA (NYSE:STO) is on track to boost its gas recovery rate at subsea wells in various fields. Accordingly, the Norwegian company plans to implement subsea compression — an advanced process for production enhancement — at the Gullfaks field, offshore Norway.
Since 2008, Statoil and Framo Engineering have been working on technology upgrade for compressing wet gas on the seabed. Such compression also steps up production in a mature field that suffers from a decrease in natural pressure in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trade

Posted: 20 Jun 2011 10:00 AM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6187, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.6079, Thursday&rsquo;s low, and resistance at 1.6378, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8836 and GBP/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Housing Sales In Focus

Posted: 20 Jun 2011 09:55 AM PDT

Earnings Preview 6/17/11

Earnings season is over for the first quarter, and we are starting to see the early second quarter firms report, those with May fiscal periods. Its still very light, with a total of just 36 firms due to report. However, that includes 14 from the S&P 500.

The firms reporting next week include: Adobe (NASDAQ:ADBE), Bed Bath & Beyond (NASDAQ:BBBY), ConAgra (NYSE:CAG), Discover (NYSE:DFS), Federal Express (NYSE:FDX), Oracle (NASDAQ:ORCL) and Walgreen’s (NYSE:WAG). That is a nice cross … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

St. Jude Unit Sues Occlutech

Posted: 20 Jun 2011 09:55 AM PDT

Medical devices major St. Jude Medical (NYSE:STJ) reported that its subsidiary AGA Medical Holdings has filed new patent infringement lawsuits against Europe-based cardiac occlusion (closure) devices and vascular implants maker Occlutech.
The suits, which were filed at the District Court of Duesseldorf, Germany, and the High Court of Justice, Chancery Division (Patents Court), U.K., involve three patents and seek injunctive relief and monetary compensation.
Minnesota-based heart devices maker AGA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Progressive Approves Share Buyback

Posted: 20 Jun 2011 09:55 AM PDT

To return value to its shareholders, the board of directors of The Progressive Corporation (NYSE:PGR) has authorized the company to buy back upto 75 million shares. The company is still left with 12.5 million shares as of May 31 to be bought back under the board’s June 2009 authorization.
Previously in June 2009, the board had approved a 50 million share repurchase program.
Progressive keeps aside a major part of its capital to meet regulatory requirements, business objectives and weather extreme … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 0.19%

Posted: 20 Jun 2011 09:55 AM PDT

Forex Pros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.19%, London&rsquo;s FTSE 100 shed 0.38%, France&rsquo;s CAC 40 declined 0.63% and the EURO STOXX 50 was down 0.80%.<br/><br/> Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.61%; the S&P 500 index gained 0.59%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Rite Aid

Posted: 20 Jun 2011 09:35 AM PDT

Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, is scheduled to report its first-quarter financial results to be ended on May 28, 2011 before the opening bell on June 23, 2011. The current Zacks Consensus Estimate for the quarter is a loss of 12 cents a share. For the quarter under review, revenue is $6,175.0 million, according to the Zacks Consensus Estimate.
Fourth-Quarter 2011, Summary
Rite Aid posted a net loss of $205.7 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Prologis Down To Underperform

Posted: 20 Jun 2011 09:35 AM PDT

We have recently lowered our long-term recommendation on Prologis Inc. (NYSE:PLD) – the erstwhile AMB Property Corp., from Neutral to Underperform primarily driven by macroeconomic issues that have contributed to a slower pace of recovery of the industrial real estate sector.
Prologis, a leading industrial real estate investment trust (REIT), acquires, develops, operates and manages industrial real estate space in North America, Asia and Europe. The majority of the company's portfolio … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Foreclosures Continue To Slow Down

Posted: 20 Jun 2011 09:35 AM PDT

Last week, data released by RealtyTrac, the leading online marketplace of foreclosure properties, revealed that foreclosure filings in May dropped to the lowest level since 2006. A total of 214,927 properties were issued notices of default, auction or repossession during the month of May, which reflected a decline of 2% from the prior month and 33% from prior-year period.
The recent spate of foreclosure scams has led to constant regulatory inquiry into flawed foreclosure paperwork and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PetSmart Enhances Return

Posted: 20 Jun 2011 09:15 AM PDT

PetSmart Inc. (NASDAQ:PETM), in its attempt to optimize its shareholders' return, decided to employ its available free cash in raising its quarterly dividend while also approving a share buyback program.
The specialty retailer of products, services, and solutions for pets raised its quarterly dividend by approximately 12% to 14 cents from 12.5 cents. The increased dividend will be paid on August 12, 2011 to shareholders of record as of July 29, 2011.
Additionally, the company also announced a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Soft Data, Falling Revisions Ratios

Posted: 20 Jun 2011 09:15 AM PDT

The first quarter earnings season is done. Net income growth was 17.12%. While that is down from the extremely strong 30.9% the same 495 of the S&P 500 firms posted in the fourth quarter, it is still a very strong growth rate.

Almost all of the growth slowdown is from a failure of the Financial sector to repeat the massive growth it posted in the fourth quarter. Growth excluding the Financials was 19.1%, down only slightly from the 19.8% growth posted in the fourth quarter. Before the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sands China To Obtain New Credit

Posted: 20 Jun 2011 09:15 AM PDT

Sands China Ltd., a majority owned subsidiary of Las Vegas Sands Corp. (NYSE:LVS) announced that it will receive $3.5 billion in loan under a new credit facility. The unit will also have the option to raise an additional $1.0 billion of senior secured credit facilities. The transaction awaits some approvals from the Macau Government and final loan documentation.
The new credit facility will mature in 5 years at an interest rate lower than the prior credit. The agreement includes a $5.0 billion … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session

Posted: 20 Jun 2011 09:00 AM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4319, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4074, Thursday&rsquo;s low, and resistance at 1.4439, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8836 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCAD Trades At Days Low. Support On Daily And Hourly Chart

Posted: 20 Jun 2011 08:55 AM PDT

The USDCAD has moved back down after a rally earilier in the day.  The price for the pair is now below Friday's close at 0.9799 and is testing support on the daily and hourly charts.  An old trendline support line on the daily chart that has reasserted itself after a move below last week, comes in at the 0.9783 level. The 50% retracement of last weeks range and 100 hour MA come in at the 0.97834 and 0.9781 levels respectively.   This is a key level for the pair.

Should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Anadarko Remains Neutral

Posted: 20 Jun 2011 08:36 AM PDT

We maintain our Neutral outlook on Anadarko Petroleum Corporation (NYSE:APC) as the stock's upside potential is presently limited by the slowed drilling permits in the Gulf of Mexico and the uncertainty over Anadarko’s liability in the clean-up of the Macondo oil spill.
The positives favoring Anadarko are its deep and diversified asset portfolio, predictable production profile, global business development approach and brilliant execution capability. Along with that, a strong balance sheet, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Fails On Break Above Resistance

Posted: 20 Jun 2011 08:32 AM PDT

The GBPUSD rallied strongly off the low trendline support in the early London session, and moved above key resistance at the 1.6212-17 level. This break higher should have solicited additional buying interest in the pair. However, the break was quickly rejected and the price is now back below the key level.
This failed break should now solicit selling against the level with risk defined.  If the price moves back above, the shorts will likely cover quickly. However the quick sell off on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa In Joint Venture

Posted: 20 Jun 2011 08:31 AM PDT

Alcoa Inc.(NYSE:AA) the largest U.S. aluminum producer, signed a memorandum with JSC Holding Inter-regional Distribution Grid Companies (JSC Holding IDGC), OJSC RUSNANO to set up a joint venture to develop and produce nano-coatings.
The new JV project will manufacture anti-icing nano-coatings for use in ground wires, cables and other parts of power transmission lines. In addition, the JV will produce advanced cables and wires with enhanced anti-icing and conductivity features for JSC Holding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Jabil

Posted: 20 Jun 2011 08:26 AM PDT

A leading electronic parts manufacturer, Jabil Circuit Inc. (JBL) is scheduled to release its third quarter 2011 results on June 21, 2011, after the market closes.
Jabil shares have declined 3.1% following the second quarter 2011 results. However, Jabil's second quarter results beat the Zacks Consensus Estimate as well as management's expectation.
Jabil provided an upbeat third quarter guidance driven by stable business trends and growth across all business segments. Management also pointed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Homebuilders Settle Land Dispute

Posted: 20 Jun 2011 08:26 AM PDT

Three of the largest homebuilders in the U.S., including Beazer Homes USA Inc. (NYSE:BZH), KB Home (NYSE:KBH) and Toll Brothers Inc. (NYSE:TOL), have decided to pay lenders up to $340 million to meet their claims and settle legal actions related to a failed housing development deal near Las Vegas.
Individually, Los Angeles-based KB Home will be required to pay approximately $216 million–$225 million to the lenders and is expected to incur net obligation charges between $216 million and $240 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

KCI Launches Wound Registry Program

Posted: 20 Jun 2011 08:26 AM PDT

Kinetic Concepts Inc. (NYSE:KCI) recently collaborated with the Academy of Wound Technology to develop the Transcontinental Wound Registry (TWR), which is touted as the first worldwide registry on wound healing and wound care technologies. The company intends to present the pilot phase results of this TWR at the 4th Congress of World Union of Wound Healing Societies during September 2 to September 6, 2012 in Japan.
Kinetic expects this TWR to ease the wound care community's efforts to provide … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J&J Recalls Risperdal Lot

Posted: 20 Jun 2011 08:26 AM PDT

Johnson & Johnson (NYSE:JNJ) recently announced that it is voluntarily recalling one lot of Risperdal (risperidone) and one lot of a 2mg generic version of the product. The recalls were based on reports regarding an uncharacteristic odor, which could have been caused by trace amounts of TBA (2,4,6 tribromoanisole). The recalls were announced in the US and Puerto Rico.
While the Risperdal recall relates to 16,000 bottles that were shipped between Aug 27, 2010 and Feb 15, 2011, the risperidone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Reason For Companies To Leave California

Posted: 20 Jun 2011 08:12 AM PDT

Last week I posted about the record number of companies leaving California (5.4 per week this year), and here’s an AP news story “Wave of Lawsuits Over Seats Hit Retail Stores,” about a recent development that might give companies in the Golden State even more incentive to leave (or not move there in the first place, or not expand operations there):

“Enterprising trial attorneys by the dozen are using an obscure California labor law requiring retailers such as such as Wal-Mart, Home Depot and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Turn Higher, Greece Delays Emergency Loans

Posted: 20 Jun 2011 07:58 AM PDT

06/20/11 Wall Street came off weakness at the open, as Greece remained in the spotlight. Euro-zone finance ministers postponed a decision to extend loans to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Pushes To The Next Target At 1.4311-19

Posted: 20 Jun 2011 07:57 AM PDT

The EURUSD has pushed to the next target at the 1.4311-19 level (the high has extended to 1.4326 but has rotated back down – SEE PRIOR POST). The pair moved above the 100 hour MA near the opening of the NY session after staying below the moving average for nearly the entire day.  The move above, increased the bullish bias and that momentum has continued.  We should find some profit takers against the level.  ON the downside the 1.4282-90 level will be a target. A move below … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Ease Off 3-week Low On Bargain Buying

Posted: 20 Jun 2011 07:52 AM PDT

Forex Pros – Natural gas futures were up for the first time in three days on Monday, easing off a three-week low, as the previous week&rsquo;s steep decline created bargain buying opportunities for investors.<br /><br />On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.356 per million British thermal units during U.S. morning trade, gaining 0.37%. <br /><br />It earlier fell to USD4.279 per million British thermal units, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Trims Gains Vs. Rivals As Euro Finds Support

Posted: 20 Jun 2011 07:45 AM PDT

Forex Pros – The U.S. dollar trimmed gains against most of its major counterparts on Monday, as the euro found support after euro zone officials said the lending capacity of the region&rsquo;s bailout fund was to be enlarged.<br /><br />During early U.S. trade, the greenback was slightly lower against the euro, with EUR/USD easing up 0.06% to hit 1.4318.<br /><br />On Sunday, finance ministers from the 17-nation single currency bloc said that a new bailout package … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Deciine Continues On Greece Worries

Posted: 20 Jun 2011 02:40 AM PDT

06/20/11 A failure to agreeon releasing a bailout loan to Greece over the weekend has helped pave the way for front month crude prices to fall once again to tart the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Focus Shifts To Athens

Posted: 20 Jun 2011 07:30 AM PDT

A Luxembourg meeting of European financial ministers concluded with the area-chief Jean-Claude Juncker telling reporters that his colleagues "forcefully remind the Greek government to fulfill its commitments." Concerns grew over sovereign default as investors wondered just how willing the people of Athens might be in putting themselves through the further pain of austerity.
European bond markets – After markets closed on Friday Moody's warned that Italy was perhaps in-line for a downgrade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Edge Higher On Greece Uncertainty

Posted: 20 Jun 2011 07:28 AM PDT

Forex Pros – Gold futures edged higher on Monday, after euro zone finance ministers delayed a final decision on an emergency bailout package for Greece until July, while the dollar pared gains against its major counterparts.&nbsp;&nbsp; <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,544.35 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Erases Losses As Risk Aversion Eases

Posted: 20 Jun 2011 07:27 AM PDT

Forex Pros – The pound erased losses against the U.S. dollar on Monday, rising to a two-day high as risk aversion eased after euro zone officials said the lending capacity of the region&rsquo;s bailout fund was to be boosted.<br /><br />GBP/USD pulled back up from a daily low of 1.6110, to hit 1.6204 during early U.S. trade, easing up 0.05%.<br /><br />Cable was likely to find short-term support at 1.6077, last Thursday&rsquo;s low and an almost one-month low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF Turns Toward Bearish Trend Continuation

Posted: 20 Jun 2011 07:21 AM PDT

USD/CHF (daily chart) as of Monday (6/20/2011) has completed yet another bullish retracement within the context of a steep bearish trend that has been in place for over a year, since the June 2010 1.1730 area high. This retracement brought price action back up to the key 0.8550 resistance (prior support) before turning back down. Prior to this bullish retracement, price had reached its downside target around 0.8325 (the new all-time low), which represented the 161.8% Fibonacci extension of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Pares Losses As Euro Zone Boosts Bailout Fund

Posted: 20 Jun 2011 07:17 AM PDT

Forex Pros – The euro pared losses against the U.S. dollar on Monday, after euro zone officials said the lending capacity of the region&rsquo;s bailout fund, the European Financial Stability Facility was to be increased.<br /><br />EUR/USD pulled away from 1.4192, the daily low, to hit 1.4303 during early U.S. trade, down just 0.04% on the day.<br /><br />The pair was likely to find support at 1.4072, last Thursday&rsquo;s low and a three-week low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 20 Jun 2011 01:15 AM PDT

06/20/11 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

JD Sports Expands European Base With Sprinter And Cecil Gee Deals

Posted: 20 Jun 2011 02:12 AM PDT

JD Sports Fashion (LON:JD.), the FTSE 250 sports and fashion retailer, has spent €20.0 million (£17.6 million) on a deal that gives it a 51.1% stake in the Sprinter group of companies in Spain. Sprinter is one of the country's leading sports retailers and sells footwear, apparel, accessories and equipment for a wide range of sports as well as some lifestyle casual wear including childrenswear. The company is based in Elche in south-east Spain and currently has 47 stores primarily based in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Digital Barriers Expands Homeland Security Portfolio With Zimiti Acquisition

Posted: 20 Jun 2011 01:37 AM PDT

Digital Barriers (LON:DGB), the AIM listed homeland security business, has expanded its technological capabilities with the acquisition of Zimiti Ltd for an initial £1.5 million. The move gives Digital Barriers access to Zimiti's Unattended Ground Sensor (UGS) technology, which is used in a range of surveillance and protective applications across both the defence and security sectors, and are particularly effective in remote or hostile locations.

Digital Barriers said the international … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
at

No comments:

Post a Comment