DailyMarkets.com - Forex – NZD/USD Up In Asian Trade

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• Forex – NZD/USD Up In Asian Trade
• Hologic Remains Neutral
• For-profit Colleges Issued New Rules
• LabCorp Grows Clinical Trials Biz
• Talisman Energy Fairly Valued
• Hologic Remains Neutral
• Covidien Hernia Product OK’d
• AK Steel Increases Surcharge
• Help End The Military-Industrial-Congressional Complex
• The Day Ahead: US Employment Report, ISM Services Index, PMI Services – China, Euro-zone, UK
• Hot Option Plays: Market Is Damaged — Levels To Watch
• Stock Market Summary For Thursday, June 2, 2011
• Neutral On GATX
• SM Energy To Be Asset-Light
• AmEx Sells Notes In Canada
• Delta In Chinese Codeshare Deal
• Positive Data On Roche’s RoActemra
• Familiar Picture?
• Pfizer Seeks EU Approval For Axitinib
• BofA Vends Non-Core Balboa
• PPG Buys South African Company
• Volatility With Oil – Is It The Next Global Crisis?
• Industrial Strength Economics: CAT And CMI
• JetBlue Reiterated At Neutral
• Alpha, Massey Close Merger
• Earnings Scorecard: Salesforce.com
• FMC Tech, Statoil Story Continues
• Closing Bell Market Monitor: GS, COCO, JOYG
• Forex – EUR/USD Up At The End Of U.S. Session
• PS Business Parks Grows In VA
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Sealed Air To Buy Diversey
• Harsco Expands In North America
• Starbucks All Over China
• McCormick Finds Indian Partner
• IBM Expands In East Africa
• Some Stock Trading Ideas For June 3rd
• Forex – EUR/USD Up Toward The End Of U.S. Session
• What Are The Best Safe Havens?
• U.S. Markets Mixed At Close; Dow Jones Down 0.34%
• Acorn Energy’s TransformerIQ On Major Smart Grid Project
• Pricey Cars Curb Auto Sales
• 1Q Productivity Revised Higher
• Manulife Beefs Up Retail Assets
• Sealed Air To Buy Diversey
• Forex – GBP/USD Up During The U.S. Session
• AES Corp. Raising Funds To Buy DPL
• Noble Energy Exits Ecuador
• Frac Sand In Store For Natural Res.
• Hot Option Plays: Downside Should Be Respected
• Rules-Based Medicine Now With Myriad
• Marathon To ‘Shale’ Out $3.5B
• Forex – USD/CAD Down In U.S. Trade
• Friday’s Key Macro Release: US May Non-Farm Payrolls
• Forex – EUR/USD Up In U.S. Trading Hours
• With Substitutes, Monopoly Power Is Temporary
• Yields In Flux As Investors Position Ahead Of Labor Data
• IMA Stewardship Survey – Institutional Box-ticking Or Genuinely Increased Engagement?
• Active Hurricane Season May Threaten Offshore Oil

Forex – NZD/USD Up In Asian Trade Posted: 02 Jun 2011 04:50 PM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8156, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.8109, today&rsquo;s low, and resistance at 0.8264, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.13% to hit 1.3099 and EUR/NZD falling 0.03% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hologic Remains Neutral Posted: 02 Jun 2011 04:05 PM PDT Recently, we reiterated our Neutral recommendation on Hologic (NASDAQ:HOLX) with a target price of $23.00. Hologic reported an adjusted EPS of 30 cents in the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate by 2 cents and a penny above the year-ago quarter. Revenues were $438.7 million, an increase of 4.9% compared to the prior-year quarter and higher than the Zacks Consensus Estimate of $433 million. Hologic operates through four segments − Breast Health, Diagnostics, GYN … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

For-profit Colleges Issued New Rules Posted: 02 Jun 2011 03:57 PM PDT 06/02/11 The Department of Education issued new regulations to for-profit institutions over federal aid. Shares of the education companies rallied amidst growth prospects for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LabCorp Grows Clinical Trials Biz Posted: 02 Jun 2011 03:55 PM PDT Laboratory Corporation of America Holdings (NYSE:LH) has decided to acquire Clearstone Central Laboratories. Clearstone is a leading provider of central laboratory services for late-stage clinical trials globally. The transaction is expected to close in the second quarter of fiscal 2011. However, terms of the deal were not disclosed. Business association between the companies has been there for quite sometime. Through an agreement entered in August 2010, LabCorp secured access to Clearstone's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Talisman Energy Fairly Valued Posted: 02 Jun 2011 03:55 PM PDT We have maintained our Neutral recommendation on Canadian energy explorer Talisman Energy Inc. (NYSE:TLM) TLM with a price target of $22. Calgary, Alberta-based Talisman Energy is a major independent oil and gas exploration and production (E&P) company, with operations in North America (primarily Canada) and several international regions. The company conducts its operations in four principal geographic segments: North America (Canada/U.S.), North Sea (U.K. and Norway), Southeast Asia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hologic Remains Neutral Posted: 02 Jun 2011 03:55 PM PDT Recently, we reiterated our Neutral recommendation on Hologic (NASDAQ:HOLX) with a target price of $23.00. Hologic reported an adjusted EPS of 30 cents in the second quarter of fiscal 2011, surpassing the Zacks Consensus Estimate by 2 cents and a penny above the year-ago quarter. Revenues were $438.7 million, an increase of 4.9% compared to the prior-year quarter and higher than the Zacks Consensus Estimate of $433 million. Hologic operates through four segments − Breast Health, Diagnostics, GYN … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Covidien Hernia Product OK’d Posted: 02 Jun 2011 03:35 PM PDT Leading healthcare products maker Covidien plc (NYSE:COV) has won the 510 (k) clearance from the U.S. Food and Drug Administration ("FDA") as well as the European CE Mark approval for its Parietex Optimized Composite (PCOx) mesh for ventral hernia repair. The Ireland-based company introduced the product at the recent European Hernia Society ("EHS") meet in Belgium. Ventral (or incisional) hernias, which generally occur in the abdominal wall around a previous surgical incision, results in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AK Steel Increases Surcharge Posted: 02 Jun 2011 03:35 PM PDT AK Steel Holding Corp. (NYSE:AKS) increased its surcharge for all electrical steel products shipped in July 2011 from $435 per ton to $440 per ton. The increase in surcharge was driven by the rising costs of energy and raw materials. The higher prices have stifled demand from end-users, leading manufacturers to reduce their pace of expansion this spring. The surcharge is calculated based on reported prices for raw materials and energy used to manufacture products coupled with the May 2011 purchase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Help End The Military-Industrial-Congressional Complex Posted: 02 Jun 2011 03:26 PM PDT Help End the Military-Industrial-Congressional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Employment Report, ISM Services Index, PMI Services – China, Euro-zone, UK Posted: 02 Jun 2011 10:20 AM PDT 06/02/11 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: Market Is Damaged — Levels To Watch Posted: 02 Jun 2011 03:18 PM PDT Cusick’s Corner No surprise that the market finished at breakeven. The data tomorrow, Unemployment, will be scrutinized and a lot of investors will then find out how much of that selling from the previous session was in front of what could be a bad number. The reality is that this market is damaged. If you are a bull and want to see a level broken to the upside — watch 1318 on the S&Ps, but remember that you then want to see some conviction. We could see a bounce tomorrow early but if … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, June 2, 2011 Posted: 02 Jun 2011 03:14 PM PDT There are no rating changes tonight. 2 out of the 10 stocks on our focus list are rated bullish in the short term. The same as yesterday. 3 out of the 10 stocks on our stock focus list are rated bullish in the long term. The same as yesterday. Click here to see our ratings on the stocks that are currently included in the focus list based on the stock market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On GATX Posted: 02 Jun 2011 03:10 PM PDT We believe GATX Corporation (NYSE:GMT), a leader in leasing transportation assets has significantly benefited from the reviving economy. The company remainsfocused on asset utilization by reducing idle rail cars and deploying more new rail cars to enhance its long-term growth along with improving lease pricing. However, depressed marine rates, the adverse impact of lease rollovers, regulatory issues and stiff competition lead to our cautious stance on the company. The rail industry continues to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SM Energy To Be Asset-Light Posted: 02 Jun 2011 03:03 PM PDT An independent oil and gas company, SM Energy (NYSE:SM) has initiated negotiations regarding the divestiture of a large portion of its Eagle Ford Shale assets. The company has also signed a deal to sell non-core assets in southeastern Texas' Constitution Field. SM Energy is in discussions related to the sale and development of the major portion of its Eagle Ford Shale holdings. The present move is a part of the company's objective to offload approximately 20% to 30% of its total 250,000 net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AmEx Sells Notes In Canada Posted: 02 Jun 2011 03:03 PM PDT Yesterday, American Express Co. (NYSE:AXP), also known as AmEx, sold long-term notes worth C$725 million in two tranches, according to Bloomberg. The first set of floating-rate notes were worth C$325 million maturing in 3 years, due date being June 6, 2014. Issued at a price of C$100.00, the settlement of these notes is dated for June 6, 2011. Meanwhile, the second tranche of notes were worth C$400 million– maturing in 5 years, due date being June 3, 2016. Issued at a price of C$99.973, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta In Chinese Codeshare Deal Posted: 02 Jun 2011 03:03 PM PDT The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) entered into a codeshare agreement with China Eastern, a Chinese international airline. Delta will expand its route network to more than 20 cities throughout China, consequently boosting its revenue in one of the world’s fastest growing travel markets. China is expected to be the biggest contributor to global air traveler through 2014. The agreement will expand Delta's service offerings to 49 China Eastern operated flights between … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive Data On Roche’s RoActemra Posted: 02 Jun 2011 03:03 PM PDT Roche Holdings Ltd. (RHHBY) recently reported positive data on rheumatoid arthritis (RA) treatment RoActemra (tocilizumab; marketed as Actemra outside Europe) from a late-stage trial (ACT-RAY). The data were presented at the European League Against Rheumatism congress. The study results demonstrated that the clinical efficacy of RoActemra, when given as a monotherapy, was comparable to that of RoActemra in combination with methotrexate (MTX). MTX is widely prescribed for people with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Familiar Picture? Posted: 02 Jun 2011 02:31 PM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pfizer Seeks EU Approval For Axitinib Posted: 02 Jun 2011 02:25 PM PDT Pfizer Inc. (NYSE:PFE) recently announced that its regulatory filing for oncology candidate, axitinib, has been accepted by the European Medicines Agency (EMA). Pfizer is seeking EU approval for the use of axitinib in treatment-failed patients with advanced renal cell carcinoma (RCC). The regulatory filing was based on phase III data from the AXIS 1032 trial. The AXIS 1032 trial, which was conducted in patients with previously treated advanced renal cell carcinoma (RCC), showed that patients in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Vends Non-Core Balboa Posted: 02 Jun 2011 02:25 PM PDT On Wednesday, Bank of America Corp. (NYSE:BAC) announced the completion of its force-placed insurance subsidiary Balboa Insurance Company and affiliated entities to QBE Insurance Group. Going by the terms of the definitive agreement signed in February, BofA sold all insurance liabilities and some other assets of the Balboa business. The company had inherited Balboa from the mortgage lender Countrywide Financial it acquired in 2008. This transaction is part of BofA's strategy to shed its non-core … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPG Buys South African Company Posted: 02 Jun 2011 02:25 PM PDT PPG Industries Inc.(NYSE:PPG) acquired South African distribution company Ducol Coatings South Africa Ltd. for an undisclosed amount. With this transaction, PPG will be able to directly serve customers in the region with its automotive refinish products and customer services, technical support and training programs. PPG will continue to use the Ducol brand, as well as Ducol Coatings' former franchisee and distributor network, giving PPG access to a solid, proven distribution network in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Volatility With Oil – Is It The Next Global Crisis? Posted: 02 Jun 2011 02:17 PM PDT SmartStops wants to remind you that it is important to stay protected in the markets.   There's alot going on within the underlying infrastructure that you may not realize. from inside flap of The Vega Factor: Oil Volatility and the Next Global Crisis  by Kent Moors "There is a sleeping dragon at the heart of the financial system. Soon the beast will awake and rear its terrible head, and we will look back on the days of the subprime disaster with nostalgia. In this riveting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Industrial Strength Economics: CAT And CMI Posted: 02 Jun 2011 02:04 PM PDT Many investors may be starting to worry about a slow-down in the global economy that could impact cyclical industries and stocks. And as the market enters a seasonally-weak period where profit-taking may prevail in the short-run, we have to ask two questions: “How bad could it get?” and “Where will the bargain opportunities be?” Despite all the handwringing about sovereign debt crises in Europe and the US, it’s not clear that these macro forces should derail the recovery which is largely driven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JetBlue Reiterated At Neutral Posted: 02 Jun 2011 02:04 PM PDT We remain on the sidelines on the discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) following its first quarter results and rising fuel prices. JetBlue reported first quarter adjusted earnings per share of a penny, which was in line with the Zacks Consensus Estimate but double the year-ago earnings. The steeply rising fuel prices led to increased operating costs, and reduced profitability. Total revenue improved on the back of strong revenue generated from the Boston and Caribbean … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alpha, Massey Close Merger Posted: 02 Jun 2011 02:03 PM PDT Yesterday, Alpha Natural Resources Inc. (NYSE:ANR) and Massey Energy Company (NYSE:MEE) successfully wrapped up their $7.1 billion merger, with their respective stockholders voting in favor of the deal. The companies said their shareholders approved the various proposals under the merger agreement, facilitating Alpha to acquire all outstanding shares of Massey common stock. Massey stockholders voted to adopt the merger agreement. On the other hand, Alpha stockholders voted to approve an amendment to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Salesforce.com Posted: 02 Jun 2011 02:03 PM PDT Following Salesforce.com's (NYSE:CRM) third quarter 2011 results on May 20, there have been moderate estimate revisions by the analysts covering the stock. Third Quarter Highlights Salesforce reported first quarter 2012 adjusted net income of 6 cents per share, a penny ahead of the Zacks Consensus Estimate but below the net income of 17 cents reported in the year-ago quarter. Salesforce reported revenues of $504.4 million in the third quarter, up 33.9% from $376.8 million in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FMC Tech, Statoil Story Continues Posted: 02 Jun 2011 02:03 PM PDT Offshore oilfield equipment maker FMC Technologies (NYSE:FTI) has entered into a supply contract with Norwegian oil giant Statoil ASA (NYSE:STO). The deal, valued at approximately $70 million, offers FMC Technologies the scope to manufacture and supply the first standardized workover system to the latter. The system will be utilized to perform intervention activities on subsea wells, intended to boost performance and enhance oil recovery in one of the largest discoveries in the Norwegian sector of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: GS, COCO, JOYG Posted: 02 Jun 2011 02:00 PM PDT 06/02/11 In-depth coverage of daily money market movements containing technical analysis and detailed forecasts into particular currency pairs; reported directly from the floor 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: 02 Jun 2011 01:55 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4491, up 1.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4513, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PS Business Parks Grows In VA Posted: 02 Jun 2011 01:40 PM PDT PS Business Parks Inc. (NYSE:PSB), a real estate investment trust (REIT), has recently acquired a multi-tenant office building in Tysons Corner, Virginia, for $27.1 million. The property is adjacent to 735,000 square feet Westpark Business Campus acquired in December 2010, which comprises 7 separate six-story buildings across 39.2 contiguous acres. Post-acquisition, the building will be integrated into the Westpark Business Campus to realize economies of scale. The six-storeyed acquired property … [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: 02 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 80.91, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 80.57, today&rsquo;s low, and resistance at 81.77, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sealed Air To Buy Diversey Posted: 02 Jun 2011 01:35 PM PDT Sealed Air Corporation (NYSE:SEE) will acquire privately held, Diversey Holdings Inc, a leading solutions provider to the global cleaning and sanitization market, for $4.3 billion. The transaction, subject to the satisfaction of customary closing conditions, is expected to be completed in 2011 and accretive to earnings in the first full year following completion. About Diversey Sturtevant, Wisconsin-based Diversey provides cleaning, sanitization and hygiene solutions to industrial and retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harsco Expands In North America Posted: 02 Jun 2011 01:35 PM PDT Harsco Corporation (NYSE:HSC) entered into a strategic alliance with Irex Contracting Group for providing services to the industrial and infrastructure sector projects throughout North America. Lancaster, PA-based Irex is an operator of associated companies providing specialized services such as installation and maintenance of mechanical insulation and environmental services for buildings, manufacturing facilities and plants. With the help of Irex's position in specialty contracting services and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks All Over China Posted: 02 Jun 2011 01:35 PM PDT Starbucks Coffee Company (NASDAQ:SBUX) finally has taken full control of majority of its stores in mainland China based on a contractual agreement with its long time joint-venture partner in South China, including Hong Kong and Macau, Maxim's Caterers Ltd. The agreement allows Starbucks to assume 100 percent equity in the important China provinces of Guangdong, Hainan, Sichuan, Shaanxi and Hubei, and the municipality of Chongqing. Also as part of the agreement, Maxim's has acquired Starbucks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McCormick Finds Indian Partner Posted: 02 Jun 2011 01:35 PM PDT McCormick & Company, Inc. (NYSE:MKC) has signed an agreement to form a joint venture with Kohinoor Foods Ltd., India, to market and sell its basmati rice and food products in India. The newly formed venture will be named Kohinoor Specialty Foods India Private Ltd. McCormick intends to invest about $115 million and will command an 85% interest in the new venture. Kohinoor Foods will also transfer certain trademarks and non-compete entities to McCormick. The deal is expected to close by the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Expands In East Africa Posted: 02 Jun 2011 01:35 PM PDT A leading provider of Information technology (IT) solutions and services, International Business Machines Corp. (NYSE:IBM) continued its expansion policies in Africa by opening a new office in Dar es Salaam, Tanzania. The Dar es Salaam office is a part of IBM's East Africa operations and will complement IBM’s other East African branch office in Nairobi, Kenya, which acts as a business hub in the region. The branch office will enable IBM to deliver solutions and services to its growing clientele … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Some Stock Trading Ideas For June 3rd Posted: 02 Jun 2011 01:31 PM PDT ( click to enlarge ) Sky mobi Ltd (MOBI) – Technically, there is no reason to take exposure in this stock as there is no evidence of the reversal of the ongoing downward move. However, if the support at $8 holds, a rally towards 9-9.48 could be seen. Only a close above $9.48 will confirm the short term low for the stock. For now, it would be better to stay away from this stock. Stop loss for long positions may be placed at $8.03. ( click to enlarge ) InterDigital, Inc. (NASDAQ:IDCC) – The … [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: 02 Jun 2011 01:25 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4491, up 1.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4513, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Are The Best Safe Havens? Posted: 02 Jun 2011 01:11 PM PDT Global debt issues combined with weakening US economic data has reignited the quest to protect capital. Investors are seeking the ultimate safe havens in the US dollar (UUP), long term treasuries (TLT), gold (GLD), and silver (AGQ) in order to protect their wealth from the onslaught of currency instability and US economic weakness. This month we have witnessed the US dollar gapping higher in response to euro (FXE) weakness. This may have been a head-feint, wherein the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Mixed At Close; Dow Jones Down 0.34% Posted: 02 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were mixed after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.34%, the S&P 500 index shed 0.12%, while the Nasdaq 100 index climbed 0.18%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 422K last week from 428K in the preceding week whose figure was revised up from 424K.<br/><br/> … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Acorn Energy’s TransformerIQ On Major Smart Grid Project Posted: 02 Jun 2011 12:55 PM PDT Steven Ralston, CFA Acorn Energy's TransformerIQ on major Smart Grid project Acorn Energy (ACFN) announced a major TransformerIQ monitoring project, which will benefit the company's GridSense subsidiary. A leading southeastern electric utility, using funds from the American Recovery and Reinvestment Act, will deploy the TransformerIQ product to monitor over 2,000 transformers in one metropolitan county in its service territory. With the TransformerIQ product being capable of monitoring … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pricey Cars Curb Auto Sales Posted: 02 Jun 2011 12:55 PM PDT Auto sales in the U.S. dipped 3.7% on a year-over-year basis to 1.06 million vehicles in May, which is equivalent to an annualized rate of 11.8 million vehicles. It has touched the lowest rate in 8 months since 11.76 million vehicles recorded in September 2010. The decrease in sales was attributable to a rise in vehicle prices and a reduction in incentives, which could offset the impact of rising prices. Pricing and Incentives According to TrueCar.com, average transaction price for light … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

1Q Productivity Revised Higher Posted: 02 Jun 2011 12:55 PM PDT In the first quarter, nonfarm business sector labor productivity increased at a 1.8% annual rate, an upward revision from the initial estimate of 1.6%. The consensus expectation was that the number would be unrevised. The gain in productivity was due to a gain of 3.2% in output (was 3.1%) and a rise of 1.4% in hours worked (unrevised, seasonally adjusted annual rate). The increase in productivity growth is welcome, but it still represents a slowdown. The fourth quarter productivity growth was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manulife Beefs Up Retail Assets Posted: 02 Jun 2011 12:55 PM PDT Manulife Real Estate, the real estate arm of  Manulife Financial Corporation (NYSE:MFC) purchased Dojima East Building in Osaka, Japan from a local private equity fund. The purchase marks Manulife's first real estate investment in Osaka. DojimaEast Building, which has an area of 82,900 square feet, was constructed in 2007.  Manulife believes this addition to its portfolio will help it to expand further in Osaka, the second largest market in Japan after Tokyo. In Japan, Manulife’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sealed Air To Buy Diversey Posted: 02 Jun 2011 12:55 PM PDT Sealed Air Corporation (NYSE:SEE) will acquire privately held, Diversey Holdings Inc, a leading solutions provider to the global cleaning and sanitization market, for $4.3 billion. The transaction, subject to the satisfaction of customary closing conditions, is expected to be completed in 2011 and accretive to earnings in the first full year following completion. About Diversey Sturtevant, Wisconsin-based Diversey provides cleaning, sanitization and hygiene solutions to industrial and retail … [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: 02 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6360, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.6306, today&rsquo;s low, and resistance at 1.6547, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AES Corp. Raising Funds To Buy DPL Posted: 02 Jun 2011 12:35 PM PDT The AES Corporation (NYSE:AES) announced that it had commenced a private offering of $1 billion of Senior Notes to eligible purchasers due 2021. Net proceeds from this offering will be used to partially finance its acquisition of DPL Inc. (NYSE:DPL). In April of this year AES Corp. entered into a definitive agreement to acquire DPL Inc., the parent company of Dayton Power & Light Company, for a total value of $4.7 billion. It had agreed to pay $30 per share in cash to DPL shareholders. It will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Noble Energy Exits Ecuador Posted: 02 Jun 2011 12:35 PM PDT With the transfer of its assets in Ecuador to government-affiliated entities for a total sum of $97 million, Noble Energy Inc. (NYSE:NBL) exited Ecuador. The net book value for these assets totaled $68 million. Noble Energy received compensation for its offshore Amistad field assets and Block 3 production sharing contract, which was terminated by the Ecuadorian government on November 25, 2010. Also, the compensation included an amount for the assignment of the Machala Power Electricity concession … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Frac Sand In Store For Natural Res. Posted: 02 Jun 2011 12:35 PM PDT Natural Resource Partners L.P.(NYSE:NRP) has acquired a overriding royalty interest for a term of 21 years ("ORRI") in frac sand reserves for $16.5 million. The reserve spreads across 711 acres and is located near Tyler, Texas. The acquired frac sand asset of the partnership is strategically located near the shale gas basins of Texas, Louisiana, Oklahoma and Arkansas. Frac sands are generally used by the oil and gas companies during the fracturing process, which helps in providing an open … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Downside Should Be Respected Posted: 02 Jun 2011 12:18 PM PDT Cusick’s Corner Where do you start? Well for one the data was not good (ISM/Claims showing slower growth) and Greece looked for certain to go into default. But wait, the ECB announces a new plan to bailout Greece, popping the Euro and other Currencies (especially commodity based currencies like the Aussie) – drilling the Dollar down and buoying, for now, domestic equities. I want to see if any bounce into the After Hours is met with same wrath of selling that we experienced yesterday, plus is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rules-Based Medicine Now With Myriad Posted: 02 Jun 2011 12:10 PM PDT Myriad Genetics (NASDAQ:MYGN) has completed the acquisition of Texas based Rules-Based Medicine (RBM) for $80 million in cash. RMB is expected to contribute $2 million in revenue during the fourth quarter of fiscal 2011. This deal would expand Myriad's portfolio to take into its ambit psychiatric disorders, infectious diseases and inflammatory diseases. According to Myriad, apart from strengthening its strong oncology pipeline it would also have access to RBM's pipeline that includes tests for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marathon To ‘Shale’ Out $3.5B Posted: 02 Jun 2011 12:10 PM PDT Integrated energy firm Marathon Oil Corporation (NYSE:MRO) MROhas agreed to acquire acreage in the burgeoning Eagle Ford shale formation in South Texas from Hilcorp Resources Holdings, L.P. – a privately owned producer of onshore crude oil and natural gas – for $3.5 billion. The transaction, which is expected to close on November 1, will substantially expand Marathon’s exposure to the North American unconventional 'shale gas' plays. As per the deal between the two Houston-based companies, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 02 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/CAD was trading at 0.9759, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 0.9656, Tuesday&rsquo;s low, and resistance at 0.9810, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Friday’s Key Macro Release: US May Non-Farm Payrolls Posted: 02 Jun 2011 11:48 AM PDT Tomorrow's non-farm payroll report is expected to show the pace of job growth slipping from the strong pace set in the past three months (700K jobs gained during that span). Here is a little refresher of our figures from April: And a look at NFP figures over the past couple of years: Forecasts coming into the week were for 195K jobs to be gained, but that figure looks mighty high now following the dismal ADP report (+38K) we saw on Wednesday. That ADP report figure has caused several … [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: 02 Jun 2011 11:45 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4470, up 0.99% at time of writing.<br/><br/> The pair was likely to find support at 1.4258, Monday&rsquo;s low, and resistance at 1.4513, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

With Substitutes, Monopoly Power Is Temporary Posted: 02 Jun 2011 11:44 AM PDT From The Economist comes this story illustrating how the market power of a monopolist (or dominant firm) is often temporary and frequently diminishes over time due to the availability and development of substitutes. In this case, a 19th century technology for electric motors is being revived by Toyota as one alternative to modern motors made with neodymium, a rare earth element controlled by China.  “Today, China produces 95% of the world's supply of rare-earth metals, and has started … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yields In Flux As Investors Position Ahead Of Labor Data Posted: 02 Jun 2011 11:21 AM PDT Some wing-clipping is taking place on Thursday as sellers drive government bond prices back down. Doves had flocked out of the cage midweek following a weak measure of the labor market dragging yields down by 12 basis points to cross the 3% threshold for only the first time since December 7. To put such a flight to quality in to perspective the last such move followed the Japanese earthquake. Ahead of Friday's government data some profit-taking has set in with investors concerned that sub-3% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IMA Stewardship Survey – Institutional Box-ticking Or Genuinely Increased Engagement? Posted: 02 Jun 2011 09:27 AM PDT The Investment Management Association (IMA) this week published a survey of UK institutional investors' engagement with the companies they invest in. The survey covers 50 institutional investors, including 41 asset managers holding some £590 billion of UK equities (31% of the UK market). The report follows on from the stewardship code of conduct launched last year. Cynics might argue that a survey of institutional fund managers to ascertain how they are behaving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Active Hurricane Season May Threaten Offshore Oil Posted: 01 Jun 2011 10:00 PM PDT It's officially hurricane season in the Atlantic, and another year of above-normal activity is expected. If the prediction from several well-known weather forecasters comes to fruition, the potential disruption of offshore oil production may add to already turbulent oil prices. The National Oceanic and Atmospheric Administration (NOAA) says due to a continuing high activity conditions, warmer water, and La Niña's wind sheers, this season may produce 12 to 18 named storms, six to 10 of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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