DailyMarkets.com - FDA’s Stronger Anti-smoking Campaign
DailyMarkets.com - FDA’s Stronger Anti-smoking Campaign |
- FDA’s Stronger Anti-smoking Campaign
- Sonic Booms On Higher Comps
- Oracle Reports Strong 4Q
- Williams Bids For Southern Union
- Chunghwa Eyes Chinese Expansion
- Forex Trading: EUR/USD Drops To Trendline Support
- Smith & Nephew Acquires Tenet
- Harris’ Winning Spree Continues
- Euro Slides In Overnight As Concerns Over Austerity Vote Linger
- Forex – NZD/USD Down During The European Session
- Positive Data On Vertex’ Incivek
- Stock Market News Briefs: ConAgra Foods, Electronic Arts, Herman Miller, Nabors Industries, Oracle, Research In Motion Limited, Steelcase, Western Digital Corporation
- Fluor Aid For Dow’s PHD Expansion
- Positive Durable Goods Report
- Lionsgate Sells Maple Pictures
- Forex – EUR/CHF Down In European Trade
- Swiss Franc: The Downside Prevails
- Canadian Dollar: Key ST Resistance At 993
- Australian Dollar: The Downside Prevails
- Japanese Yen: Under Pressure
- British Pound: Caution
- Euro: Under Pressure
- “Risk” Off
- The Congestion In USD/JPY Is Likely To End Soon. Where Will It Go?
- Steely Nerves Required For The Weekend
- The Other Home Inspection And Red Flags Watched By Mortgage Lenders
- Forex – USD/CAD Up On Economic Data
- Rite Aid Narrows Loss
- AK Steel To Buy Raw Material
- The Boeing-Airbus Dogfight
- What Was Behind The Strategic Oil Reserve Release?
- Forex – EUR/USD Down On Economic Data
- Core Durable Goods Orders Rise Less-than-expected
- Brightpoint Remains Neutral
- Research In Motion To Underperform
- Forex – EUR/GBP Down During The European Session
- GBP/USD In A Double Bottom Attempt
- Middle East To Taste DineEquity
- Forex – GBP/CHF Down In European Trade
- EUR/USD Correction Spooked At 1.43
- Forex – AUD/USD Up In European Trading Hours
- Forex – USD/CHF Down During The European Session
FDA’s Stronger Anti-smoking Campaign Posted: 24 Jun 2011 08:04 AM PDT The Food and Drug Administration ('FDA') in a recent ruling has asked the tobacco giants of United States to print the latest design set by the council on their cigarette packets from October 2011. Graphic design of a dead body, cancerous lungs and rotten teeth would definitely be a scary intimidation for US tobacco lovers each time they pick up a packet of their favorite brands. |
Posted: 24 Jun 2011 07:40 AM PDT Sonic Corp. (NASDAQ:SONC), the drive-in fast food chain operator, reported third quarter 2011 adjusted earnings of 21 cents per share, which surpassed the Zacks Consensus Estimate of 18 cents and the year-ago quarter’s earnings of 15 cents. The better-than-expected results were driven by strong comparable store sales at company-owned drive-in restaurants and a stronger economy. |
Posted: 24 Jun 2011 07:35 AM PDT Oracle Corp. (NASDAQ:ORCL) reported an impressive fourth quarter 2011, with quarterly revenues surpassing $10.0 billion for the first time in the company's history. The robust top-line growth helped Oracle earn 71 cents per share in the quarter, which beat the Zacks Consensus Estimate by two cents. |
Williams Bids For Southern Union Posted: 24 Jun 2011 07:35 AM PDT Williams Companies (NYSE:WMB) has offered to acquire all of the outstanding shares of Southern Union Company (NYSE:SUG) for a total cash value of $4.86 billion, topping the bid of $4.2 billion that was placed by Energy Transfer Equity L.P. (NYSE:ETE). The total enterprise value of the deal is estimated at $8.7 billion, which includes a debt assumption of $3.7 billion. |
Chunghwa Eyes Chinese Expansion Posted: 24 Jun 2011 07:35 AM PDT Taipei-based Chunghwa Telecom Co. Ltd., (NYSE:CHT) recently announced its plans to enter into an agreement with Chinese telecom operators in order to provide value-added services and other application support to the Chinese subscribers. The agreement will allow the company to seize the $33.3 billion opportunity in the lucrative Chinese cloud computing market. |
Forex Trading: EUR/USD Drops To Trendline Support Posted: 24 Jun 2011 07:12 AM PDT EUR/USD (daily chart) as of Friday (6/24/2011) has dropped down to the dynamic support provided by a bullish support trendline extending back to the mid-February low. The current bearishness occurs after price action failed to make further gains and fell from its 1.4440 high in the middle of the week. Currently the pair has fallen to trendline support and continues to carry an overall bearish bias. In the event of a breakdown below this trendline, further downside momentum has a clear downside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 24 Jun 2011 07:03 AM PDT Smith & Nephew (NYSE:SNN), an international medical device major operating in the orthopedic reconstruction and trauma, endoscopy and advanced wound management market, recently announced its intention of acquiring privately-held Tenet Medical Engineering, Inc. However, the financial terms of the agreement are yet to be disclosed. |
Harris’ Winning Spree Continues Posted: 24 Jun 2011 06:55 AM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a $16 million contract from the U.S. military forces to supply Falcon III AN/PRC-117G Multiband Manpack tactical radios. |
Euro Slides In Overnight As Concerns Over Austerity Vote Linger Posted: 24 Jun 2011 06:51 AM PDT The Euro softened in the overnight against the major currencies as concerns arose that the proposed austerity measures would not pass Tuesday's crucial vote, with a member of Greek Prime Minister George Papandreou's party publicly stating that he hasn't decided whether or not to vote for the deficit reduction measures. While the Greek parliament gave the ruling Pasok party the vote of confidence it needed to retain power on Wednesday, with members voting along party lines, giving the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – NZD/USD Down During The European Session Posted: 24 Jun 2011 06:50 AM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> NZD/USD was trading at 0.8132, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8046, Monday’s low, and resistance at 0.8194, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Positive Data On Vertex’ Incivek Posted: 24 Jun 2011 06:36 AM PDT Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) recently reported data from two late stage trials – ADVANCE and REALIZE – on Incivek (telaprevir). The data were published in the June edition of the New England Journal of Medicine. |
Posted: 24 Jun 2011 06:36 AM PDT ConAgra Foods (NYSE:CAG) posted adjusted Q4 EPS of $0.47, lower than the Zacks Consensus Estimate of $0.48 per share. Revenues for the quarter rose 5.3% year-over-year to $3.21 billion Oracle Corporation (NASDAQ:ORCL) posted Q4 EPS of $0.75, surpassing the Zacks Consensus Estimate of $0.69 per share. Revenues for the quarter grew 13% year-over-year to $10.78 billion Herman Miller Inc’s (NASDAQ:MLHR) shares rocketed up 11.46% after the furniture … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Fluor Aid For Dow’s PHD Expansion Posted: 24 Jun 2011 06:36 AM PDT Fluor Corporation (NYSE:FLR) received a basic engineering and design services contract from The Dow Chemical Company. The services are for Dow's propane dehydrogenation (PDH) expansion project in Freeport, Texas. |
Posted: 24 Jun 2011 06:36 AM PDT Positive economic reports on the U.S. front and lingering optimism from Thursday’s Greek deal are expected to help stocks push higher today. Approval from the Greek parliament next week for the new austerity plan will pave the way for a fresh multi-year rescue fund for the country. On the domestic economic front, we got a better-than-expected Durable Goods report for May and the first quarter GDP growth estimate was modestly revised higher. The positive Durable Goods report is evidence that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Lionsgate Sells Maple Pictures Posted: 24 Jun 2011 06:36 AM PDT Lions Gate Entertainment Corp. (NYSE:LGF) recently announced the sale of its Canadian distributor Maple Pictures to the Alliance group for approximately $38.5 million. |
Forex – EUR/CHF Down In European Trade Posted: 24 Jun 2011 06:25 AM PDT Forex Pros – The Euro was lower against the Swiss Franc on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/CHF was trading at 1.1894, down 0.54% at time of writing.<br/><br/> The pair was likely to find support at 1.1846, Thursday’s low, and resistance at 1.2148, Wednesday’s high.<br/><br/> Earlier in the day, data showed that Germany’s Ifo business climate rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Swiss Franc: The Downside Prevails Posted: 24 Jun 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 |
Canadian Dollar: Key ST Resistance At 993 Posted: 24 Jun 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 |
Australian Dollar: The Downside Prevails Posted: 24 Jun 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 |
Posted: 24 Jun 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 |
Posted: 24 Jun 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 |
Posted: 24 Jun 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 |
Posted: 24 Jun 2011 06:18 AM PDT Today’s Idea |
The Congestion In USD/JPY Is Likely To End Soon. Where Will It Go? Posted: 24 Jun 2011 06:14 AM PDT USD/JPY Short-Term to Medium Term- The USD/JPY has been supported at 80.00. However, highs have been made lower and lower, reflecting a congestion. Remember in mid-March when the market spiked down and then up but finally returned back towards 80. This is a sticky price level and the market continues to hover it. |
Steely Nerves Required For The Weekend Posted: 24 Jun 2011 06:11 AM PDT The run in to the weekend has investors dashing to take position in their currency of choice. To make a decision they have to carefully weigh up the pros and cons of each in the hope that when Monday rolls around, they will have made a wise choice. Earlier, euro bulls warmed to the news that Greek austerity measures had received the approval of European partners, who are eager to avoid a sovereign default at any cost. But the difficulty will surely remain a vote in Athens next week. And while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
The Other Home Inspection And Red Flags Watched By Mortgage Lenders Posted: 24 Jun 2011 06:08 AM PDT |
Forex – USD/CAD Up On Economic Data Posted: 24 Jun 2011 06:05 AM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/CAD was trading at 0.9797, up 0.07% at time of writing.<br/><br/> The pair was likely to find support at 0.9702, Wednesday’s low, and resistance at 0.9850, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 24 Jun 2011 06:03 AM PDT Leading drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of $63.1 million in the first quarter of fiscal 2012 compared with a loss of $73.7 million in the year-ago period. The quarterly loss per share of 7 cents not only improved from the prior-year quarter loss of 9 cents but also outshines the Zacks Consensus Estimate loss of 12 cents. Growth in same store sales and reduced selling, general & administrative (SG&A) and interest expenses better offset the negative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 24 Jun 2011 06:03 AM PDT With the gradual increase in the iron ore and coking coal prices due to increase in demand, AK Steel Holding Corporation (NYSE:AKS) might consider obtaining raw material assets from outside. Acquiring pieces and parts of raw materials will help the company in lowering its costs. |
Posted: 24 Jun 2011 06:00 AM PDT The Boeing-Airbus Dogfight |
What Was Behind The Strategic Oil Reserve Release? Posted: 24 Jun 2011 05:58 AM PDT Lisa Benson captures the opinion of many as to just why the Obama administration moved to release strategic oil reserves. Larry Doyle |
Forex – EUR/USD Down On Economic Data Posted: 24 Jun 2011 05:50 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4225, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday’s low, and resistance at 1.4442, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Core Durable Goods Orders Rise Less-than-expected Posted: 24 Jun 2011 05:40 AM PDT Forex Pros – U.S. core durable goods orders rose less-than-expected last month, official data showed on Friday.<br/><br/>In a report, Census Bureau said that Core durable goods orders rose to a seasonally adjusted 0.6%, from -0.4% in the preceding month whose figure was revised up from -1.5%.<br/><br/>Analysts had expected Core durable goods orders to rise 1.0% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Posted: 24 Jun 2011 05:30 AM PDT We maintain our Neutral recommendation on Brightpoint Inc. (NASDAQ:CELL) following the ongoing consolidation trend in the U.S telecom industry. If the proposed acquisition of T-Mobile USA by AT&T (NYSE:T) gets regulatory approval then we believe Brightpoint may lose one of its prime customers T-Mobile. Loss of T-mobile may significantly reduce both the top line and bottom line of the company. |
Research In Motion To Underperform Posted: 24 Jun 2011 05:30 AM PDT The nightmare of Research In Motion Ltd. (NASDAQ:RIMM) continues and so far the company has failed to provide any specific time frame when its free fall will come to an end. Ever since Apple Inc.'s (NASDAQ:AAPL) iPhone hit the market, Research In Motion started losing its leadership position. For the last couple of years, the company failed to launch any device that could capture the market from iPhone or Google Inc. (NASDAQ:GOOG) developed Android-based high-end smartphones. |
Forex – EUR/GBP Down During The European Session Posted: 24 Jun 2011 05:00 AM PDT Forex Pros – The Euro was lower against the British Pound on Friday after the release of euro zone data on German Ifo Business Climate Index.<br/><br/> EUR/GBP was trading at 0.8871, down 0.42% at time of writing.<br/><br/> The pair was likely to find support at 0.8790, Monday’s low, and resistance at 0.8953, Wednesday’s high.<br/><br/> Earlier in the day, data showed that Germany’s Ifo business climate rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
GBP/USD In A Double Bottom Attempt Posted: 24 Jun 2011 04:48 AM PDT USD, JPY and CHF Gain in a Day of Risk Aversion (6/23 Video) Short to Medium-Term- USD-strength came in a 1 day rush, and stalled since the middle of the previous US session. Throughout the Asian session and European session, the market is in a bottoming attempt. |
Middle East To Taste DineEquity Posted: 24 Jun 2011 04:35 AM PDT California-based DineEquity Inc. (NYSE:DIN), which operates approximately 3,500 Applebee’s and IHOP restaurants, recently announced the inking of a multi-restaurant franchisee agreement with Kuwait-based M.H. Alshaya Co., to expand its IHOP brand in the Middle East. However, the financial terms of the contract were not disclosed. |
Forex – GBP/CHF Down In European Trade Posted: 24 Jun 2011 04:30 AM PDT Forex Pros – The British Pound was lower against the Swiss Franc on Friday.<br/><br/> GBP/CHF was trading at 1.3415, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 1.3355, today’s low, and resistance at 1.3742, Monday’s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.14% to hit 1.6027 and EUR/GBP falling 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
EUR/USD Correction Spooked At 1.43 Posted: 24 Jun 2011 04:11 AM PDT EUR/USD's Downside Targets 6/23 Short to Medium-Term- The EUR/USD started a sharp reversal in the latter part of the US session. In the European session, there was a sharp rally towards 1.43. The market then immediately topped off here and as we head in the US session. |
Forex – AUD/USD Up In European Trading Hours Posted: 24 Jun 2011 04:00 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0557, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 1.0455, Thursday’s low, and resistance at 1.0651, Wednesday’s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.69% to hit 1.3455 and AUD/JPY falling 0.11% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
Forex – USD/CHF Down During The European Session Posted: 24 Jun 2011 03:20 AM PDT Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Friday.<br/><br/> USD/CHF was trading at 0.8351, down 0.44% at time of writing.<br/><br/> The pair was likely to find support at 0.8338, today’s low, and resistance at 0.8517, Monday’s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.21% to hit 1.4226 and USD/JPY falling 0.38% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards |
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