DailyMarkets.com - Forex – EUR/USD Down In Asian Trade

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• Forex – EUR/USD Down In Asian Trade
• Forex – USD/JPY Up During Asian Trade
• US Consumer Credit Expanded In April
• BP To Offload Most Of TNK-BP
• JA Solar Churns Out New Products
• Starwood CEO On China Expedition
• TAP Brings Carling To Ukraine
• Statoil To Offload Gassled Stake
• FMC, Statoil In Back-to-Back Deals
• Forex – NZD/USD Up In Asian Trade
• The Day Ahead: Euro-zone GDP, Fed’s Beige Book, EIA Petroleum Inventory, Caterpillar Annual Shareholder Meeting
• Hot Option Plays: Chief Chops Market
• Lockheed Submits JAGM Proposal
• Novartis Cites Positive GIST Data
• Diageo Intros New Vodka
• Rambus Signs Licensing Deal
• Neutral On Marathon Oil
• Catalyst Health’s CFO Resigns
• Caterpillar Updates On Euro Bonds
• Market Monitor Report: PBY, TIN, IP
• Stock Trade Ideas For Wednesday, June 08
• Waters Joins Forces With Bio Firm
• Stryker Snaps Up Memometal
• Ford Expects Heavy Growth In Global Auto Sales
• Forex – EUR/USD Up At The End Of U.S. Session
• Con Ed’s Focus: Emission Reduction
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Fed Bids For Chunk Of AIG’s RMBS
• RLI Reiterated At Outperform
• FDA Nod For ArthroCare Device
• CSC Acquires Brazilian IT Firm
• Forex – EUR/USD Up Toward The End Of U.S. Session
• Wall Street Is Already Reacting Negatively To Debt Ceiling Fight
• U.S. Markets Close Lower; Dow Jones Down 0.16%
• Federal Tax Revenues Rising: +28.5% For Individuals
• Boeing Gets $4.1B Indian Order
• Limited Brands Sales Up
• Forex – GBP/USD Up During The U.S. Session
• PNC Buys BankAtlantic Branches
• Quality Systems Retained At Neutral
• Dow And Aksa In Joint Venture
• UTHR Presents Data From FREEDOM-M
• Forex Trading: USDCHF Wanders Down To Intraday MA Support As Market Prepares For Bernanke
• Hot Option Plays: Fed Chief Speaks Before Close
• Forex – USD/CAD Down In U.S. Trade
• Carnival Corp. Upped To Neutral
• Toyota’s New Prius Creates A Frenzy
• Citi Planning Brazil Expansion
• FedEx Hikes Dividend
• GM Grows Optimistic About S. Amer.
• Myriad’s Prolaris Test Effective
• NextEra Energy’s Unit Issues Notes
• Forex – EUR/USD Up In U.S. Trading Hours
• Rebound In Rare Earth Stocks?
• Target’s Sales Rise But Falls Short
• HP To Now Check Malaria Outbreak
• Forex – AUD/USD Up In U.S. Trade
• Avnet Joins Forces With NRF
• Earnings Scorecard: Medtronic
• Red Robin Targets Smaller Model
• Apple Unveils New Software
• IP Offers Cash For Temple-Inland
• “Market…the Beating Is Over For Now”
• Forex – NZD/USD Up During The U.S. Session
• Value Of Large Temple-Inland Call Spread Pops Post-IP Takeover Attempt
• Positive Data On Roche’s Tarceva
• Groupon & The Daily Deals Biz
• WPPGY: Trading Update
• FINRA Fines Northern Trust Unit
• Airline Stocks Tumble
• Bahamas Central Bank Cuts Rate 75bps To 4.50%
• Central Bank Of Armenia Holds Refinancing Rate At 8.50%
• Investors Steer Clear Of Greenback Again
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 0.26%
• Emerging Market Focus Takes Tarsus Back To Turkey

Forex – EUR/USD Down In Asian Trade Posted: 07 Jun 2011 05:05 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4685, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4452, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&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 0.8932 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade Posted: 07 Jun 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.15, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 79.98, Monday&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 the British Pound, with EUR/USD shedding 0.05% to hit 1.4683 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Consumer Credit Expanded In April Posted: 07 Jun 2011 03:57 PM PDT 06/07/11 The Federal Reserve’s consumer credit report showed that total consumer debt for Americans rose for the seventh straight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP To Offload Most Of TNK-BP Posted: 07 Jun 2011 03:55 PM PDT Top BP Plc (NYSE:BP) officials have given the idea that the company is about to offload a major portion of its stake in its Russian joint venture, TNK-BP, to the country's state-operated oil company, Rosneft. The deal looks to be a desperate attempt by BP to save its $16 billion share-swap deal with Rosneft. However, BP did not comment on the news or deny it. BP officials said that shareholders of its Russian partner, TNK-BP, will soon be intimated about the company's 50% stake divestiture in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JA Solar Churns Out New Products Posted: 07 Jun 2011 03:55 PM PDT A leading manufacturer of solar products JA Solar Holdings Co. Ltd (NASDAQ:JASO) developed new high efficiency solar cells and modules. The new cells are based on the company’s proprietary SECIUM and Maple technology and will generate maximum power from a limited area. The new solar SECIUM and Maple cells use the company’s high-efficiency solar cell processing technology, which allows them to generate 10% more power than the conventional polycrystalline solar cells. The Mono-crystalline SECIUM cells … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starwood CEO On China Expedition Posted: 07 Jun 2011 03:55 PM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has taken a strong step to strengthen its China operations with the shift of its management team, including president & CEO Frits van Paasschen, to Shanghai for a month effective June 8. The group will look into Starwood's business pattern in China and understand the market more closely through interactions with local stakeholders, while exploring new properties throughout the country. The move accentuates Starwood's ground-breaking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TAP Brings Carling To Ukraine Posted: 07 Jun 2011 03:55 PM PDT Molson Coors (NYSE:TAP) launched its Carling brand in Ukraine along with Obolon Company, a leading brewer in Ukraine. The famous brewing giant Molson Coors will jointly participate in marketing and distribution of Carling in Ukraine. Carling, formerly known as Carling Black Label in the United Kingdom, is the best selling beer in the country. Obolon Company will brew and package Carling for the Ukraine market. Obolon is one of the largest Ukrainian manufacturers of beer, soft drinks, low alcohol … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil To Offload Gassled Stake Posted: 07 Jun 2011 03:55 PM PDT Statoil ASA (NYSE:STO) announced plans to divest majority of its stake in the Gassled joint venture for 17.35 billion kroner, or about $3.25 billion, in an effort to streamline its portfolio. The deal is subject to approvals from the Norwegian Ministry of Petroleum and Energy as well as the Ministry of Finance. Under the agreement, the Norwegian oil company intends to sell 24.1% of its share in the European natural gas transport venture Gassled. The stake has been sold to a holding company, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FMC, Statoil In Back-to-Back Deals Posted: 07 Jun 2011 03:35 PM PDT In its second deal with Norway-based Statoil ASA (NYSE:STO) in June, FMC Technologies (NYSE:FTI) was awarded a contract, worth $50 million, to manufacture and supply subsea production equipment to the former. The equipment will be utilized for the development of Visund Nord, a fast-growing oil and gas field located in water depths of approximately 1,150 feet in the Norwegian sector of the North Sea. The scope of the deal includes the manufacture of two subsea production trees, one manifold and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade Posted: 07 Jun 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8210, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 0.8074, Friday&rsquo;s low, and resistance at 0.8232, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.06% to hit 1.3055 and EUR/NZD falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Euro-zone GDP, Fed’s Beige Book, EIA Petroleum Inventory, Caterpillar Annual Shareholder Meeting Posted: 07 Jun 2011 10:20 AM PDT 06/07/11 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: Chief Chops Market Posted: 07 Jun 2011 03:17 PM PDT Cusick’s Corner The Chief spoke and the market was not impressed, but there was nothing said that was unexpected. Next issue is that the guidance coming out from various companies speaking at industry events has been even less inspiring. The market is getting into a more and more defensive mode and it feels like a test of the lows is in the cards. The reality is that the market and the economy are under stress and while there is a hope for a stronger second half, the environment right now is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Submits JAGM Proposal Posted: 07 Jun 2011 03:10 PM PDT Lockheed Martin Corporation (NYSE:LMT) submitted a proposal in response to the government’s Request for Proposal (RFP) for the next phases of the Joint Air-to-Ground Missile (JAGM) program. JAGM is the next-generation air-to-surface guided missile that will replace the aging Airborne TOW, Maverick and HELLFIRE family of missiles for the U.S. Army, Navy and Marine Corps. The U.S. Army Aviation and Missile Command issued the RFP for Engineering and Manufacturing and Low-Rate Initial Production for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis Cites Positive GIST Data Posted: 07 Jun 2011 03:05 PM PDT Novartis (NYSE:NVS) recently presented data from a large late-stage trial (n=400) which demonstrated that its cancer drug Glivec led to significant improvement in both recurrence-free survival and overall survival after three years of adjuvant treatment. The treatment was for patients with KIT (CD117)-positive gastrointestinal stromal tumors (GIST) versus the standard one-year treatment currently approved. The data were presented at the American Society of Clinical Oncology (ASCO). Data from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Diageo Intros New Vodka Posted: 07 Jun 2011 03:05 PM PDT Binboa Vodka was added to the portfolio of Diageo Plc (DEO) in April 2011, after it acquired Mey Icki Sanayi ve Ticaret, a Turkish distillery. Diageo now plans to expand the brand across the U.S.   London-based Diageo acquired the Turkish distillery and their entire portfolio of products from the U.S. based private equity firms TPG Capital and Acterar. However, the financial aspect of the deal is expected to be completed in the second half of the fiscal year 2011. Liquor Group Wholesale is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rambus Signs Licensing Deal Posted: 07 Jun 2011 03:04 PM PDT Rambus Inc. (NASDAQ:RMBS) recently announced the signing of a patent licensing agreement with Freescale Semiconductor Inc. for five years. Per the terms of the agreement, Freescale Semi can use Rambus' patented DRAM memory controllers and serial links technology for its logic integrated circuit products. Rambus will receive royalty payments based on the shipment of these devices during the contract period. Apart from this deal, Rambus and Freescale have settled all earlier claims regarding its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Marathon Oil Posted: 07 Jun 2011 02:25 PM PDT We are maintaining our long-term Neutral recommendation on Marathon Oil Corporation (NYSE:MRO), reflecting a host of development ventures, a healthy balance sheet anda well-diversified asset base. These are, however, partially offset by gas/oil price volatility, geo-political risks and project timing delays. Marathon performed impressively in the first quarter of 2011, with earnings per share of $1.65 beating our projection ($1.42) and showing an improvement from 44 cents in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Catalyst Health’s CFO Resigns Posted: 07 Jun 2011 02:25 PM PDT Catalyst Health Solutions Inc. (CHSI) has announced that Hai Tran will step down as its Chief Financial Officer (CFO) effective July 15, 2011 to pursue other opportunities. Until a permanent CFO is selected, Catalyst Health has decided to elect Deirdre Kramer as its interim CFO following Tran's exit. Deirdre Kramer joined Catalyst Health in 2005 and currently acts as controller and senior vice president for finance in Catalyst Health. She has more than 15 years of experience in the health … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Caterpillar Updates On Euro Bonds Posted: 07 Jun 2011 02:25 PM PDT Caterpillar Inc. (NYSE:CAT) issued updates on the Euro bonds offered last week. These updates were related to the yield, spread and rating of the bonds. The borrower of the bonds is the financial wing of the company, Caterpillar International Finance Ltd, while the guarantor is Caterpillar Financial Services Corp. The company offered €600 million bonds last week priced at €99.935, with a coupon rate of 2.75%. The settlement date for the offer is June 6, 2011, while the date of maturity is June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Market Monitor Report: PBY, TIN, IP Posted: 07 Jun 2011 02:20 PM PDT 06/07/11 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

Stock Trade Ideas For Wednesday, June 08 Posted: 07 Jun 2011 02:15 PM PDT ( click to enlarge ) Canadian Solar Inc. (NASDAQ:CSIQ) shares gained more than 7 percent, closing near its highs of the day on strong volume. It broke past its 20-day moving average but found resistance at its 50-day moving average. Look for the stock to open up strong tomorrow but keep a lookout for a failure to push through $9.90. If we can break past this however, I’d want to be long the stock. ( click to enlarge ) Sodastream International Limited (Public, NASDAQ:SODA) broke out today, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waters Joins Forces With Bio Firm Posted: 07 Jun 2011 02:05 PM PDT Waters Corporation (NYSE:WAT) and PREMIER Biosoft International (Palo Alto, CA) have collaborated to market and resell their products for advancement of lipidomics research. As per the agreement, PREMIER Biosoft’s SimLipid® informatics platform will be offered for sale by Waters together with Waters® ACQUITY UPLC® and high-resolution, exact mass SYNAPT® and XEVO® mass spectrometers for lipid analysis. Further, Waters will continue to sell and support its UPLC and mass spectrometers for lipid … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stryker Snaps Up Memometal Posted: 07 Jun 2011 02:05 PM PDT Orthopedic devices major Stryker Corp (NYSE:SYK) has agreed to buy France-based privately-held extremity devices maker Memometal Technologies S.A. for $150 million in cash. The deal also involves an additional payment of $12 million contingent upon meeting specific milestones. Memometal makes products for extremity indications with annual sales of roughly $30 million. The entity is strengthening its foothold in the rapidly growing global extremity devices market with a broad range of foot, ankle, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Expects Heavy Growth In Global Auto Sales Posted: 07 Jun 2011 09:00 AM PDT 06/07/11 The Ford Motor Company announced Tuesday that global auto sales will grow 50% by the middle of the … [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: 07 Jun 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4692, up 0.80% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday&rsquo;s low, and resistance at 1.4696, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8934 and EUR/JPY rising 0.77% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Con Ed’s Focus: Emission Reduction Posted: 07 Jun 2011 01:40 PM PDT New York city-based Consolidated Edison Inc. (NYSE:ED) announced that its annual greenhouse gas emissions have dropped 35% since 2005. The company released its findings in a sustainability report meant to showcase its efforts to use more renewable energy sources and cut back on carbon emissions. The company said sales of electricity from renewable sources rose 25% at its subsidiary Con Edison Solutions in 2010. Looking forward, Con Edison expects to further reduce its carbon output as it shifts to … [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: 07 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.07, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 79.98, Monday&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 0.78% to hit 1.4690 and GBP/USD rising 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fed Bids For Chunk Of AIG’s RMBS Posted: 07 Jun 2011 01:35 PM PDT The New York Federal Reserve (the Fed) reported that it will bid for American International Group Inc.'s (NYSE:AIG) Maiden Lane II, an investment portfolio containing residential mortgage-backed securities (RMBS), which were acquired by the Fed from the AIG during the peak of financial crisis. Accordingly, yesterday, the Fed has scheduled the auction of 73 bonds for later this week, carrying a current face value of $3.8 billion. This is the ninth and the largest bid offered so far, wherein 17 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RLI Reiterated At Outperform Posted: 07 Jun 2011 01:35 PM PDT We retain our Outperform rating on RLI Corp. (NYSE:RLI) as it continues to deliver consistent underwriting profit and remains focused on enhancing shareholders value. RLI has generated underwriting profits in 31 of the last 35 years, including the last 16 consecutive years. A strong local branch office network, broad range of product offerings, and focus on specialty insurance lines appear to be the other contributors to the company's superior profitability. RLI Corp. has increased dividends for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FDA Nod For ArthroCare Device Posted: 07 Jun 2011 01:35 PM PDT Surgical products maker ArthroCare Corp (NASDAQ:ARTC) has won the U.S. Food and Drug Administration's ("FDA") approval for its Spartan 6.5 needled anchor. The device, essentially a preloaded threaded anchor, has been designed for use in fixation of soft tissue to bone (such as rotator cuff surgery). Rotator cuff repair is a surgery to fix a torn tendon in the shoulder. The procedure can be performed with a large (open) incision or with shoulder arthroscopy, which uses small incisions. The goal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC Acquires Brazilian IT Firm Posted: 07 Jun 2011 01:35 PM PDT The leading technology solutions and service provider, Computer Sciences Corporation (NYSE:CSC) recently announced the acquisition of Sao Paulo-based IT services firm, VIXIA Consultoria e Tecnologia Ltda. The acquired company provides core operational software, business consulting and systems integration services, and caters to the insurance, reinsurance and financial institutions in Brazil. This acquisition is expected to enhance the company's ability to support the expansion objectives of its … [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: 07 Jun 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4689, up 0.78% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday&rsquo;s low, and resistance at 1.4696, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8932 and EUR/JPY rising 0.73% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wall Street Is Already Reacting Negatively To Debt Ceiling Fight Posted: 07 Jun 2011 01:18 PM PDT SmartStops reminds everyone that you can benefit by sidestepping periods of risk. The low trading costs in today's environment warrant the ROI for taking action. Authored by Stan Collender of CapitalGains & Games blog. Posted at: http://capitalgainsandgames.com/blog/stan-collender/2264/wall-street-already-reacting-negatively-debt-ceiling-fight Contrary to what the GOP has been saying, financial markets not only will react negatively to the debt ceiling fight happening on Capital Hill, but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.16% Posted: 07 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.16%, the S&P 500 index shed 0.10%, while the Nasdaq 100 index declined 0.24%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed higher. France&rsquo;s CAC 40 was up 0.22%; Germany&rsquo;s DAX gained 0.26%; Britain&rsquo;s FTSE 100 climbed 0.03%; and the EURO STOXX 50 rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federal Tax Revenues Rising: +28.5% For Individuals Posted: 07 Jun 2011 01:01 PM PDT Treasury’s Monthly Budget Review was released today, and the chart above shows that individual income tax collections through the first eight months of the fiscal year 2011 (October 2010 to May 2011)  increased by 28.5% and $156 billion, compared to last year.  Corporate income tax receipts increased by 4.8% and overall tax revenues increased by 10.3%.  For the month of May, federal tax receipts increased by $28 billion and 19% compared to last year, and about half of that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Gets $4.1B Indian Order Posted: 07 Jun 2011 12:56 PM PDT The Boeing Co. (NYSE:BA) will receive orders to supply 10 American C-17 military aircraft to India for a contract value of $4.1 billion. This order exceeds the deal to supply eight Boeing P-8I long-range maritime reconnaissance aircraft for $2.1 billion in 2009, the largest order so far. The C-17 is a large defense transport aircraft, which can airlift tanks, supplies and troops as well as perform medical evacuations. Earlier Boeing and Lockheed Martin Corporation (NYSE:LMT) were rejected in a deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands Sales Up Posted: 07 Jun 2011 12:56 PM PDT Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted healthy sales results for the four-week period ended May 28, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath and Body Works. The owner of Victoria’s Secret and La Senza chains sustained its growth momentum. Limited Brands' comparable-store sales for May 2011 rose 6%, following a 20% increase in April 2011, and compared with 5% … [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: 07 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6447, up 0.56% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday&rsquo;s low, and resistance at 1.6473, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.24% to hit 0.8933 and GBP/JPY rising 0.48% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Buys BankAtlantic Branches Posted: 07 Jun 2011 12:35 PM PDT As part of its effort to expand, PNC Financial Services Group Inc. (NYSE:PNC) has completed the acquisition of 19 branches from a subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX). Additionally, two related facilities in the Tampa – St. Petersburg area and associated deposits were also handed over to PNC as part of the sale. PNC shelled out a premium for the deposits in the transaction in addition to the net book value of the acquired real estate and fixed assets related to the branches and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quality Systems Retained At Neutral Posted: 07 Jun 2011 12:35 PM PDT We reiterate our Neutral recommendation for Quality Systems (NASDAQ:QSII), a provider of Electronic Health Record ("EHR") for physician practices and inpatient settings, based on its fourth-quarter fiscal 2011 (ended March 31) financial results. Earnings for the quarter topped the Zacks Consensus Estimate while revenues climbed to a record $97.1 million, up 23.7% year over year, also beating the Zacks.Consensus Estimate. The buoyant results may be attributed to the federal Stimulus, which has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow And Aksa In Joint Venture Posted: 07 Jun 2011 12:35 PM PDT The largest U.S. chemicals manufacturer, The Dow Chemical Company (NYSE:DOW) and Aksa Akrilik Kimya Sanayii (AKSA) AS, a Turkish maker of synthetic acrylic fibers, announced a Memorandum of Understanding (MOU) with the intent to form a joint venture to make carbon fiber and derivatives. Strong and lightweight, carbon-fiber based materials are in demand for use in alternative energy projects like wind power. They’re also used in vehicle and infrastructure products. Through this partnership the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UTHR Presents Data From FREEDOM-M Posted: 07 Jun 2011 12:35 PM PDT United Therapeutics Corporation (NASDAQ:UTHR) recently presented much-awaited results from a phase III study (FREEDOM-M) conducted with oral treprostinil in patients with pulmonary arterial hypertension (PAH). Preliminary data showed that oral treprostinil met its primary endpoint of change in six-minute walk distance (6MWD) at 12 weeks. Patients in the oral treprostinil arm improved their median 6MWD by about 23 meters compared to patients on placebo. While the median change from baseline in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Wanders Down To Intraday MA Support As Market Prepares For Bernanke Posted: 07 Jun 2011 12:33 PM PDT Bernanke is expected to speak at 3:45 PM ET and if he is true to form he will lament employment and housing, downplay inflation to an extent. He is likely to comment that QE2 will be ending. The reaction is typically bearish for the dollar.  The USDCHF stopped its rally today and has rotated back down to the 100 bar MA as the comments are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Fed Chief Speaks Before Close Posted: 07 Jun 2011 12:17 PM PDT Cusick’s Corner Not surprised with the bounce into the Midday — it would be surprising if it garners any momentum. Fed Chief is speaking this afternoon, right at the close, but I doubt that he will douse any fuel on the markets, i.e. QE talk. I will watch the action into the close because that will be telling on how much the sellers want to press this market down. The 3yr note auction was nothing to write home about and the Bonds are still easing. Watch Consumer Credit, or lack thereof, see if … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 07 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday.<br/><br/> USD/CAD was trading at 0.9736, down 0.74% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, today&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.79% to hit 1.4692 and GBP/USD rising 0.59% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Carnival Corp. Upped To Neutral Posted: 07 Jun 2011 12:03 PM PDT We recently upgraded our rating on Carnival Corporation (NYSE:CCL) from Underperform to Neutral. The rating was upgraded mainly accounting for the benefits of seasonality. Other factors that encouraged us to lift our rating were solid pricing momentum, strong balance sheet and long-term growth potential partially offset by overall inflationary outlook, surging fuel prices and political turmoil in some geographical regions. Carnival is approaching its third quarter of operation in this fiscal year. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota’s New Prius Creates A Frenzy Posted: 07 Jun 2011 12:02 PM PDT Toyota Motor Corp. (NYSE:TM) has decided to boost monthly output of its new Prius hybrid wagon, Prius Alpha, to about 70% above its initial target due to escalating orders for the vehicle. The automaker will raise monthly output to 5,000 units from 3,000 units to shorten the waiting period for the customers. Prius Alpha is a hatchback wagon that is derived from the third generation Prius model. It features over 50% more cargo space compared with its predecessor and boasts of a fuel economy of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Planning Brazil Expansion Posted: 07 Jun 2011 12:02 PM PDT Citigroup Inc. (NYSE:C) is planning to expand its business in Brazil and intends to add around 50 branches in the country by 2015. This would increase its current network, which stands at 103 branches in Brazil in an effort to increase its checking-account holders by 80% through 2015, according to a Bloomberg report that referred to a Sao Paulo-based Valor Economico newspaper report. The expansion is a strategic fit for Citi, which is aiming to grow its business in international markets, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FedEx Hikes Dividend Posted: 07 Jun 2011 12:02 PM PDT FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, raised its quarterly dividend by a penny to 13 cents. The increased dividend will be paid on July 1 to shareholders of record as of June 17. FedEx is committed to its shareholders in the form of dividends. In the first nine months of fiscal 2011, the company paid dividends of approximately $113 million. From fiscal 2012, FedEx will pay an annual dividend of 52 cents per share, up 8% from 48 cents paid in fiscal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Grows Optimistic About S. Amer. Posted: 07 Jun 2011 12:02 PM PDT General Motors Co. (NYSE:GM) revealed that it expects to sell 1.5 million vehicles per year in South America by 2015, up from 1.03 million in 2010. The guidance includes sales of 700,000 vehicles in Brazil this year, up from 657,000 last year. In Chile itself, the company intends to sell 50,000 vehicles this year, up from 47,000 in the previous year. GM plans to introduce 40 new vehicles in South America through 2012. However, the company does not have any plans to open new car manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Myriad’s Prolaris Test Effective Posted: 07 Jun 2011 12:02 PM PDT Myriad Genetics (NASDAQ:MYGN) presented data on its 46-gene cell cycle progression (CCP) molecular diagnostic test – Prolaris, at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago. It was observed that the test is significant in determining the aggressiveness of prostate cancer during biopsy. Consequently, it provides guidance to physicians and patients regarding the appropriate course of treatment. The Prolaris CCP scores for 352 patients were analyzed whose prostate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NextEra Energy’s Unit Issues Notes Posted: 07 Jun 2011 12:02 PM PDT NextEra Energy Inc. (NEE) announced that its subsidiary Florida Power & Light Company (‘FPL’) will sell $250 million of first mortgage bonds yielding 5.125% interest per year and maturing on June 1, 2041. The offer price of the bonds is $99.91 (per $100.00 principal) and is supposed to yield 5.131%, at the end of the maturity period. NextEra Energy’s unit will use the proceeds to repay a portion of its outstanding commercial paper obligations and for other corporate purposes. NextEra … [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: 07 Jun 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4693, up 0.80% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday&rsquo;s low, and resistance at 1.4693, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8930 and EUR/JPY rising 0.81% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rebound In Rare Earth Stocks? Posted: 07 Jun 2011 11:33 AM PDT For several months, I have alerted readers to the potential supply crisis of critical rare earths (REMX), which are used in our most vital defense technologies (ITA) and high tech industries (NASDAQ:QQQQ). The recent volatility in the equity markets have caused many investors to flee rare earth mining stocks in search of safe havens in gold (GLD) and long term treasuries (TLT). This trend should be transitory in nature. We may see a strong rebound in many of these rare earth stocks once the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target’s Sales Rise But Falls Short Posted: 07 Jun 2011 11:25 AM PDT Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted lower-than-expected sales results for the four-week period ended May 28, 2011 due to softness in traffic in the second half of the month. Moreover, consumers remain cautious on their spending on account of higher gasoline prices and commodity inflation. The company's comparable-store sales jumped 2.8% for May 2011, following an increase of 13.1% in April 2011, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP To Now Check Malaria Outbreak Posted: 07 Jun 2011 11:25 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced that it will launch an advanced mobile health monitoring technology in collaboration with a nonprofit organization called Positive Innovation for the Next Generation (PING). The collaboration shows HP's strategy to make charitable donations, in terms of technology instead of money. The collaborative effort will help in identifying malaria outbreaks in Africa through HP's webOS-based Pre 2 smartphones and cloud computing technology. HP's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 07 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0734, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.0588, Thursday&rsquo;s low, and resistance at 1.0775, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.59% to hit 1.3688 and AUD/JPY rising 0.24% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avnet Joins Forces With NRF Posted: 07 Jun 2011 11:03 AM PDT Avnet Inc.'s (NYSE:AVT) Technology Solutions recently joined hands with retail trade association National Retail Federation (NRF) Foundation, to support value-added reseller partners in attaining the NRF Foundation Professional Retail Business Credential. Retail Business Credential is an online test, which helps in the evaluation of business partner's knowledge in the retail market. The idea behind this evaluation is to prepare the business partners to attain retail industry certification … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Medtronic Posted: 07 Jun 2011 11:03 AM PDT Subsequent to the announcement of Medtronic's (NYSE:MDT) fourth quarter and fiscal 2011 results on May 24, 2011, a majority of analysts have lowered their estimates for the forthcoming period. Previous Quarter Highlights Medtronic reported an EPS of 72 cents during the fourth quarter of fiscal 2011 compared to 86 cents in the year-ago period. However, considering certain adjustments (primary being restructuring charges of 18 cents per share), the adjusted EPS came in at 90 cents, missing the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Red Robin Targets Smaller Model Posted: 07 Jun 2011 11:03 AM PDT Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) announced that it plans to test a smaller prototype restaurant model as opposed to its current 5,600 square feet casual dining format. The square footage of the smaller prototype will range from 2,000 and 4,000 square feet. The new format will provide additional flexibility including a modified menu and service format. By year end, Red Robin expects to open at least one smaller location apart from the planned 10 full-sized company-owned … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apple Unveils New Software Posted: 07 Jun 2011 11:03 AM PDT Apple Inc. (NASDAQ:AAPL) recently launched a new cloud service and a bunch of software in its highly anticipated annual Worldwide Developers Conference (WWDC). However, Apple did not launch any new hardware device in the first day of this year's conference, thereby breaking the trend that it has been following for some time. Apple has typically used the Worldwide Developers Conference to preview its newest hardware gadgets such as the iPhone 3GS and the iPhone 3G. In the June 2010 event, Apple … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IP Offers Cash For Temple-Inland Posted: 07 Jun 2011 11:03 AM PDT International Paper Co. (NYSE:IP) has made a $3.3 billion or $30.60 per share in cash offer for its competitor Austin, Texas-based Temple-Inland Inc. (NYSE:TIN) in an effort to further strengthen its foothold in the North American containerboard market. International Paper's offer price of $30.60 is 44% more than Temple-Inland's share price of $21.21 at June 6, 2011, noon. International Paper had first communicated its proposal on May 17, 2011. Subsequently, there has been meeting and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Market…the Beating Is Over For Now” Posted: 07 Jun 2011 10:45 AM PDT 06/07/11 Meridian Equity Partners’ Joseph Greco weighs in on today’s gains in the equity markets and discusses key technical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 07 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8214, up 0.87% at time of writing.<br/><br/> The pair was likely to find support at 0.8074, Friday&rsquo;s low, and resistance at 0.8232, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.74% to hit 1.3054 and EUR/NZD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Value Of Large Temple-Inland Call Spread Pops Post-IP Takeover Attempt Posted: 07 Jun 2011 10:39 AM PDT Value of large Temple-Inland call spread pops post-IP takeover attempt Today's tickers: TIN, CA, CTRP & VPRT (NYSE:TIN) – Temple-Inland, Inc. – Just under two weeks ago we made note of a sizable bullish transaction on Temple-Inland in which one strategist purchased a call spread in the January 2012 contract to position for a huge rally in shares of the corrugated packaging producer by expiration. As it turns out, the run-up in the price of the underlying stock arrived far sooner than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Roche’s Tarceva Posted: 07 Jun 2011 10:35 AM PDT Roche Holdings Ltd. (RHHBY) recently reported positive data from a late-stage trial (EURTAC) on Tarceva (erlotinib). The EURTAC trial was conducted in Western patients with a genetically distinct type of advanced non-small cell lung cancer (NSCLC). The trial results were presented at the 47th Annual Meeting of the American Society of Clinical Oncology. The study results demonstrated that the first-line use of Tarceva almost doubled the time patients survived without their disease getting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Groupon & The Daily Deals Biz Posted: 07 Jun 2011 10:35 AM PDT The market for daily deals continues to heat up, as technology heavy-weights such as Amazon.com (NASDAQ:AMZN) and Google Inc (NASDAQ:GOOG) enter the fray. Groupon filing for an IPO last week did not really come as a surprise, since there has been a lot of hype surrounding it and analysts have been providing lofty valuations. Understanding the revenue model was truly difficult, however, since the heavy discounts being offered were obviously being borne by either the vendor, or the intermediary selling the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WPPGY: Trading Update Posted: 07 Jun 2011 10:35 AM PDT Ireland-based advertising titan, WPP Group plc (NASDAQ:WPPGY) released its trading update for the first four quarters of 2011,on June 2. The company reported a year-over-year increase of 6.2% in its worldwide revenues for the period. Revenue growth was attributed to strength across all geographical regions and communication services sector. On a constant currency basis, revenue escalated by approximately 7.8%. Excluding the impact of acquisitions and currency fluctuations, revenue was up 6.2% while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FINRA Fines Northern Trust Unit Posted: 07 Jun 2011 10:35 AM PDT Northern Trust Securities, a wing of Northern Trust Corp. (NASDAQ:NTRS), has been fined $600,000 by the Financial Industry Regulatory Authority (FINRA) for inadequately overseeing collateralized mortgage obligations' (CMOs) sales and lacking proper systems to supervise certain high-volume securities trades. FINRA has found that between October 2006 and October 2009, the Northern Trust unit could not capture or analyze a major chunk of the company's business that included all CMO transactions and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Airline Stocks Tumble Posted: 07 Jun 2011 10:35 AM PDT Airline companies might hit rough weather in the days ahead. The shares of major air carriers plunged yesterday following the reduced airline profit projection by International Air Transport Association (IATA). The largest U.S. airline United Continental Holdings Inc. (UAL) shares slumped 3.26% and the second largest U.S. airline Delta Air Lines (NYSE:DAL) shares dropped 3.01%. The shares of low-cost carrier Southwest Airlines Co. (NYSE:LUV) and the discounted U.S. carrier JetBlue Airways … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bahamas Central Bank Cuts Rate 75bps To 4.50% Posted: 07 Jun 2011 10:31 AM PDT The Central Bank of The Bahamas reduced the discount rate by 75 basis points to 4.50%.  The central bank noted: “The existence of significant slack in the economy removes the near-term threat to the external position from an expansion in credit growth — which has been muted at some 0.7% for the six month period to end April 2011,”.  The Prime Rate is expected to fall by 75bps to 4.75% from a current 5.50%. The Bank previously reduced the discount rate by 50 basis points … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Armenia Holds Refinancing Rate At 8.50% Posted: 07 Jun 2011 10:17 AM PDT The Central Bank of Armenia maintained its key refinancing rate unchanged at 8.50%.  The Central Bank Board was cited as believing that the likelihood of an expanding inflationary environment is relatively low, noting that it can be curbed with the help of current interest rates to make it fluctuate within the target range of 4% (± 1.5%) Previously the Bank raised the refi rate by 25 basis points to 8.50% in April this year.  Armenia reported annual consumer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Steer Clear Of Greenback Again Posted: 07 Jun 2011 05:00 AM PDT 06/07/11 The US dollar continued to decline against its major counterparts this session following regulator comments and strong European ecoomic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 07 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6436, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday&rsquo;s low, and resistance at 1.6473, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8932 and GBP/JPY rising 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.26% Posted: 07 Jun 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.26%, London&rsquo;s FTSE 100 gained 0.03%, France&rsquo;s CAC 40 climbed 0.22% and the EURO STOXX 50 was up 0.33%.<br/><br/> Earlier in the day, official data showed that German factory orders rose more-than-expected to a seasonally adjusted 2.8% last month from -2.7% in the preceding month whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Emerging Market Focus Takes Tarsus Back To Turkey Posted: 07 Jun 2011 06:58 AM PDT Douglas Emslie, the chief executive of business-to-business media and exhibitions group Tarsus (LON:TRS), has been waiting 13 years for the right moment to get a foothold in the strategic Turkish market. With an improving economy, a strengthening share price and a strategy now focused on emerging market opportunities, Emslie has finally made his move. In May, Tarsus set out plans to buy IFO, one of Turkey's largest events operators, in a £10 million deal that has just been approved by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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