DailyMarkets.com - Forex – USD/JPY Down On Economic Data

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• Forex – USD/JPY Down On Economic Data
• Japan’s Tertiary Index Rises Less-than-expected
• Forex – NZD/USD Up In Asian Trade
• Fusion-io Surges In Market Debut
• Penn Virginia Buys Midstream Assets
• Alcoa Develops New Aircraft Alloys
• Noble Eyes West African Block
• The Day Ahead: US Import And Export Prices, Treasury Budget, China Trade Balance, German CPI, UK PPI
• Regeneron Keep
• NCR Expands Movie Kiosks
• Travelers Retained At Neutral
• BMC Wins Chinese Deal
• BSD Medical Gets New Distibutor
• Equinix Secures Back-to-Back Deals
• TOTAL Offloads Gassled Stake
• Stock Picks And Trade Ideas For Friday, June 10
• Neutral On Energy Transfer
• Merck’s Cancer Candidate Encourages
• Closing Bell Market Monitor: MMM, SJM
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• CAT Hikes Dividend, Affirms Outlook
• IBM Expands In India
• McCormick Builds Out Solar
• APD Expands Nitrogen Pipeline
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 0.63%
• NCI Building Reports Loss, Beats
• Farm Machinery Plows Profits
• St. Jude Implants New Valve
• Neutral On Canadian Pacific
• Citi Sells 5-Year Senior Notes
• Forex – GBP/USD Down During The U.S. Session
• Illumina Slashes IGS Prices
• Concur Buys GlobalExpense
• Housheold Net Worth Increases $10T In 2 Years
• Amedisys With Beacon To Serve Better
• Forex – USD/CAD Down In U.S. Trade
• Exxon Makes Giant GoM Discovery
• Favorable Ruling For Lilly
• Ciena Misses Estimates
• EIA: Crude Drops, Fuels Build
• Forex Trading: USD/CAD Drops To Uptrend Support Line
• Forex – EUR/USD Down In U.S. Trading Hours
• Sheila Bair’s Final ‘Sense On Cents’
• Smucker’s 4Q Profits Are Far From Sweet
• Markets In Everything: Tech Shop Memberships
• Bank Of America Bull Sets Up Shop In August Contract Calls And Puts
• Soco AGM – June 23rd 2011: Attendance, Questions And Views?

Forex – USD/JPY Down On Economic Data Posted: 09 Jun 2011 05:10 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of Japanese data on Tertiary Industry Activity Index.<br/><br/> USD/JPY was trading at 80.33, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.46, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japan&rsquo;s tertiary industry activity index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s Tertiary Index Rises Less-than-expected Posted: 09 Jun 2011 05:05 PM PDT Forex Pros – Japan&rsquo;s tertiary industry activity index rose less-than-expected last month, official data showed on Thursday.<br/><br/>In a report, METI said that Japanese tertiary industry activity index rose to a seasonally adjusted 2.6%, from -5.9% in the preceding month whose figure was revised up from -6.0%.<br/><br/>Analysts had expected Japanese tertiary industry activity index to rise 2.7% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade Posted: 09 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 0.8258, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8120, Monday&rsquo;s low, and resistance at 0.8301, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.03% to hit 1.2877 and EUR/NZD falling 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fusion-io Surges In Market Debut Posted: 09 Jun 2011 03:57 PM PDT 06/09/11 Fusion-io rallied on its first trading day on the NYSE. The maker of flash memory technology boasts Facebook as its main … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Penn Virginia Buys Midstream Assets Posted: 09 Jun 2011 03:55 PM PDT Penn Virginia Resource Partners L.P. (NYSE:PVR) said it has acquired a natural gas gathering system and processing facility in the Texas panhandle area for about $11.44 million. The partnership said this acquisition will form an integral part of its PVR Panhandle Systems expansion plan. The acquired assets, located in “Antelope Hills,” comprise a 20 MMcf/d cryogenic processing facility and a nearly 15-mile gathering system in Lipscomb and Hemphill Counties. These assets are already connected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa Develops New Aircraft Alloys Posted: 09 Jun 2011 03:35 PM PDT U.S's largest aluminum producer, Alcoa Inc (NYSE:AA) has developed a new generation of alloys and technologies, which can lower the weight of airliners by up to 10% and improve fuel efficiency even more. High oil prices have prompted aircraft makers to look for lighter metals and composites while retaining its strength and durability. Alcoa’s new aluminum- or aluminum-lithium based alloys and advanced structural technologies use sheet, plate, forgings and hard alloy extrusion products across … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Noble Eyes West African Block Posted: 09 Jun 2011 03:35 PM PDT Noble Energy Inc. (NYSE:NBL) entered into a joint venture to expand its operation in West Africa through exploration of the AGC Profond block. The block spreads across more than two million gross acres, offshore Senegal and Guinea-Bissau. The first drilling well, Kora-1 is planned in the northern side of the block, with a total drilling depth of 15,200 feet, including the water depth of 8,600 feet. Noble expects 20% success in this prospect. The Kora prospect has a Cretaceous oil target with gross … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Import And Export Prices, Treasury Budget, China Trade Balance, German CPI, UK PPI Posted: 09 Jun 2011 10:20 AM PDT 06/09/11 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

Regeneron Keep Posted: 09 Jun 2011 03:05 PM PDT We are maintaining our Neutral recommendation on Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) with a target price of $59.00. Regeneron, a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products for the treatment of serious medical conditions. The company, founded in 1988, is based in Tarrytown, New York. Regeneron also operates a large-scale biologics pharmaceutical manufacturing facility in Rensselaer, New York and a satellite office in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Expands Movie Kiosks Posted: 09 Jun 2011 03:05 PM PDT NCR Corp. (NYSE:NCR) recently announced the opening of self-service BLOCKBUSTER-Express DVD Kiosks in more than 800 grocery stores operating under the Delhaize Group (NYSE:DEG). The kiosks will be installed at stores in 11 states in the Southeast and Mid-Atlantic. Delhaize Group is a Belgian international food retailer operating in North America, Europe and Southeast Asia. The DVD kiosks will be placed mostly in the Food Lion stores. Some kiosks will also be placed in other stores operating under the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Travelers Retained At Neutral Posted: 09 Jun 2011 03:05 PM PDT The Travelers Companies Inc. (NYSE:TRV) continues to benefit from its strong market position and economies of scale. The company spent more for buying back shares supported by a lower level of catastrophe loss and balance sheet strength. It also scores strongly with the credit rating agencies. However, these positives are somewhat dwarfed by soft market conditions and reduced underwriting margins. We thus retain our "Neutral" rating on the company. Travelers has small and mid-sized commercial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BMC Wins Chinese Deal Posted: 09 Jun 2011 03:05 PM PDT Leading software development, system and service management company BMC Software Inc. (NYSE:BMC), recently won a contact from China UnionPay (CUP) to upgrade the latter's operational efficiency and services. BMC intends to offer the required solutions by creating a centralized management system.   Moreover, another employment and HR consulting and outsourcing firm, Manpower Group services has adopted some technical solutions from BMC in order to enhance the customer service efficiency of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSD Medical Gets New Distibutor Posted: 09 Jun 2011 02:35 PM PDT Cancer treatment systems maker BSD Medical Corp. (NASDAQ:BSDM) recently announced that it has inked an agreement with a third large U.S.-based distributor for selling and distributing the MicroThermX Microwave Ablation product lineup. The new distributor is well-known for distributing specialty medical products in the domestic market with a long-standing record of several launches in thermal ablation. BSD Medical is, thus, on the verge of setting up an exclusive domestic specialty distribution … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equinix Secures Back-to-Back Deals Posted: 09 Jun 2011 02:25 PM PDT Global data center service provider Equinix Inc. (EQIX) has recently won a couple of new contracts, which will improve its pipeline considerably. First, TeliaSonera International Carrier, which is a global provider of cross-border IP and managed services, selected Equinix to expand its offerings globally through 25 of Equinix's International Business Exchange (IBX) data centers in North America, Europe and the Asia-Pacific. TeliaSonera's customers can accelerate business growth by using the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TOTAL Offloads Gassled Stake Posted: 09 Jun 2011 02:25 PM PDT TOTAL S.A. (NYSE:TOT) said it has agreed to dispose its entire 6.4% stake in Gassled and related entities to Silex Gas Norway AS. TOTAL will receive about 4.64 billion kroner (US$ 870 million) from the sale. Silex Gas Norway is a wholly-owned subsidiary of Allianz Capital Partners. The deal is subject to regulatory approvals. TOTAL said the sale of Gassled is a part of its ongoing efforts to optimize its portfolio. The company's decision to sell the Gassled assets stems from the fact that it no … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Picks And Trade Ideas For Friday, June 10 Posted: 09 Jun 2011 02:04 PM PDT  ( click to enlarge ) Elan Corporation, plc (ADR) (NYSE:ELN) broke out today and traded nearly 2x normal daily volume. The stock has the potential to make a big run on Friday, so keep a close eye on ELN and don't miss the trade. From the technical analysis perspective, the outlook for Elan Corporation is bullish. The stock is still in a very strong bull market with the MACD on top of signal line and the 50-day moving average on top of 200 day moving average. However, the daily … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Energy Transfer Posted: 09 Jun 2011 02:03 PM PDT We are maintaining our long-term Neutral rating on Energy Transfer Partners L.P. (NYSE:ETP) based on its growth momentum, which is aided by acquisitions and joint ventures, strong volume expansion and modest price increases. These positive aspects are somewhat diluted by the challenging macro environment, weak natural gas fundamentals and cost overruns on development projects. In the first quarter of 2011, Energy Transfer gave a disappointing performance, with earnings per unit of 71 cents coming … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merck’s Cancer Candidate Encourages Posted: 09 Jun 2011 02:03 PM PDT Merck & Company Inc. (NYSE:MRK) and partner Ariad Pharmaceuticals Inc. (NASDAQ:ARIA) recently presented encouraging detailed data from a late stage study (SUCCEED) of cancer candidate ridaforolimus. The companies presented the data at the 2011 annual conference of the American Society of Clinical Oncology (ASCO). Top line data from the randomized, placebo-controlled, double-blind study were presented earlier in the year. The study evaluated the candidate in patients suffering from metastatic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: MMM, SJM Posted: 09 Jun 2011 02:00 PM PDT 06/09/11 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

Forex – EUR/USD Down At The End Of U.S. Session Posted: 09 Jun 2011 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> EUR/USD was trading at 1.4510, down 0.50% at time of writing.<br/><br/> The pair was likely to find support at 1.4478, today&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 09 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Trade Balance.<br/><br/> USD/JPY was trading at 80.31, up 0.53% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.42, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CAT Hikes Dividend, Affirms Outlook Posted: 09 Jun 2011 01:35 PM PDT Caterpillar Inc. (NYSE:CAT) upped its quarterly dividend by 2 cents to 46 cents to boost shareholder value. Further, in light of increased demand for its equipment the company maintained its outlook for 2011 — sales and revenues in a range from $52 to $54 billion and EPS between $6.25 and $6.75.     The dividend hike of 2 cents translates to a 5% increase from the prior dividend of 44 cents. The increased dividend will be paid on August 20, 2011, to stockholders of record on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Expands In India Posted: 09 Jun 2011 01:35 PM PDT A leading provider of information technology (IT) solutions and services, International Business Machines Corp. (NYSE:IBM), recently opened its second office in the south Indian state of Tamil Nadu. The new Indian office, a part of IBM's expansion policies in India, is located in Coimbatore. IBM has been expanding its footprint in India and has a presence in the major metropolitan cities of the country (over 14 cities in India). The latest office in Coimbatore is expected to serve the region's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McCormick Builds Out Solar Posted: 09 Jun 2011 01:35 PM PDT McCormick & Company Inc. (NYSE:MKC) with the help of Constellation Energy (NYSE:CEG), got its second solar installation of 1.8-megawatt constructed at its 363,000-square-foot distribution center in Belcamp, MD. This is one of the largest rooftop installations in Maryland. The installation raises the company’s total amount of hosted solar power across the state to nearly 3 megawatts. Belcamp solar power system after the completion of the project is expected to generate 2.3 million kilowatt-hours … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

APD Expands Nitrogen Pipeline Posted: 09 Jun 2011 01:35 PM PDT The industrial gas company Air Products & Chemicals Inc. (NYSE:APD) announced that it will increase production of ultra high-purity nitrogen and oxygen and expand its nitrogen pipeline serving the electronics industry in Chandler, Arizona. Air Products has been serving the electronics industry in Chandler for 30 years. With the expansion the company will be able to meet the growing merchant needs and supply additional nitrogen and oxygen in the area. Air Products supplies next generation fabs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 09 Jun 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> EUR/USD was trading at 1.4507, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 1.4478, today&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.63% Posted: 09 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were up after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.63%, the S&P 500 index gained 0.74%, while the Nasdaq 100 index climbed 0.17%.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last month from -46.8B in the preceding month whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCI Building Reports Loss, Beats Posted: 09 Jun 2011 12:55 PM PDT NCI Building Systems Inc.'s (NYSE:NCS) adjusted loss for the second quarter of fiscal 2011 was 48 cents compared with the year-ago loss of 86 cents per share. The reported loss was an improvement from the Zacks Consensus Estimate of a loss of 81 cents. The loss per share excluded a non-cash conversion charge and other special charges. Including these charges, reported loss per share was 51 cents versus $14.15 during the corresponding period of 2010. The company's sales were $225.6 million, up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Farm Machinery Plows Profits Posted: 09 Jun 2011 12:55 PM PDT Titan Machinery (NASDAQ:TITN) announced first quarter results Thursday morning that caught Wall Street by surprise. The retail outlet for farm and construction equipment, increased year-over-year revenues by 55% to $318 million, while EPS jumped over four-fold to $0.40. Analysts were expecting revenues of $260.5 million and EPS of $0.22. The company also gave a brighter outlook for the coming quarters, raising full year revenue guidance to a range of $1.31-1.385 billion from $1.275-1.35 billion, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

St. Jude Implants New Valve Posted: 09 Jun 2011 12:55 PM PDT Medical devices giant St. Jude Medical (NYSE:STJ) has achieved another major clinical landmark as it has recently reported the first human implant of its next-generation Portico transcatheter aortic heart valve. The implant was performed at the St. Paul’s Hospital in Vancouver, Canada. This represents a significant milestone for the Minnesota-based company's transcatheter aortic valve implant ("TAVI") program. The Portico valve, made of bovine tissue, has been geared to improve physicians' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Canadian Pacific Posted: 09 Jun 2011 12:55 PM PDT Canadian Pacific Railway Limited (NYSE:CP), the second-largest Canadian railroad's financials, suffered a major setback due to a severe winter in the first quarter of the year. Despite improving market demand, the company's service capacity failed to deliver strong results due to weather conditions. As a result, we maintain a cautious stance on the company though we are hopeful of better financial conditions in the ongoing second quarter and beyond on economic improvements ahead.   We … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Sells 5-Year Senior Notes Posted: 09 Jun 2011 12:55 PM PDT Yesterday, Citigroup Inc. (NYSE:C) sold 5-year senior remarketednotes worth $1.875 billion. This corresponded to the final of the four series of debt securities Citi needed to remarket as per the terms of its Upper DECS Equity Units that were issued to the Abu Dhabi Investment Authority in December 2007. Citigroup sold the 5-year senior remarketednotes worth $1.875 billion at a coupon rate of 3.953% that will mature on June 15, 2016, with spreads 200 basis points more than governments. The notes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 09 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> GBP/USD was trading at 1.6372, down 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.6325, Tuesday&rsquo;s low, and resistance at 1.6473, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Illumina Slashes IGS Prices Posted: 09 Jun 2011 12:35 PM PDT Recently, Illumina (NASDAQ:ILMN) announced a huge price reduction for its individual genome sequencing service (IGS) from $19,500 to $9,500.  The company has also decided to subsidize sequencing for patients with life threatening diseases so that the physicians can easily access the required information and properly diagnose as well as draw out the treatment plan. Price per genome under this program is $7,500 and for cancer patients, $10,000, for a tumor-normal pair. In order to make the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Concur Buys GlobalExpense Posted: 09 Jun 2011 12:35 PM PDT Concur Technologies Inc. (NASDAQ:CNQR) announced the acquisition of London-based end-to-end expense management solutions provider GlobalExpense for £12 million, implying $19.7 million. Additionally, the company will pay an earn-out of £2 million ($3.3 million) on the achievement of certain milestones. With this acquisition, the company expects to capture the travel and expense management market in Europe. Furthermore, GlobalExpense's strengths in receipt validation, VAT and income tax … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Housheold Net Worth Increases $10T In 2 Years Posted: 09 Jun 2011 12:22 PM PDT The Federal Reserve released data today on household balance sheets, and reported that household net worth increased to slightly more than $58 trillion in the first quarter of 2011, the highest level since the second quarter of 2008, almost three year ago (see chart above).  From the recession-driven low of $47.75 trillion in the first quarter of 2009, household net worth has experienced a V-shaped recovery of more than $10 trillion in just two years.  Without adjusting for inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amedisys With Beacon To Serve Better Posted: 09 Jun 2011 12:10 PM PDT Leading player in the Home Health and Hospice segment in the US, Amedisys (NASDAQ:AMED), has completed the acquisition of Beacon Hospice for $125 million. The company had announced the deal in April 2011. In fiscal 2010, Beacon reported annualized revenues of $80 million with daily volume of approximately 1300 patients. Amedisys expects that the acquisition will increase its hospice patients by nearly 40%. Beacon Hospice, considered as one of the leading hospice companies in the New England region, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 09 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 0.9732, down 0.63% at time of writing.<br/><br/> The pair was likely to find support at 0.9730, today&rsquo;s low, and resistance at 0.9821, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon Makes Giant GoM Discovery Posted: 09 Jun 2011 12:03 PM PDT Exxon Mobil Corporation (NYSE:XOM) announced the discovery of oil and gas in three major blocks in the deepwater Gulf of Mexico, marking the company's first deepwater exploration since the end of the drilling moratorium in the region. The wells are estimated to hold approximately 700 million barrels of oil equivalent in combined reserves. The U.S. government had halted drilling activities in the Gulf area, following the blowout of Macondo well — operated by BP plc (NYSE:BP) — in April, 2010. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Favorable Ruling For Lilly Posted: 09 Jun 2011 12:03 PM PDT Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) suffered a setback following a ruling by the United States District Court for the Southern District of California in the company's ongoing lawsuit against Eli Lilly and Company (NYSE:LLY). Amylin had filed a motion seeking a preliminary injunction to enjoin Eli Lilly from engaging in anticompetitive activity and breaching its diabetes collaboration agreement with Amylin. Amylin's motion was denied by the court. The court also vacated a temporary … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ciena Misses Estimates Posted: 09 Jun 2011 12:03 PM PDT Telecommunications network specialist, Ciena Corp. (NASDAQ:CIEN) reported second quarter fiscal 2011 revenues and earnings per share (EPS) that missed the Zacks Consensus Estimate on both counts, primarily due to lower sales and pressurized margins. Despite the miss, the company recorded year-over-year growth across all of its business segments driven by higher customer engagements, design wins and strong order flows. Earnings Adjusted loss per share of 33 cents (including stock-based compensation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EIA: Crude Drops, Fuels Build Posted: 09 Jun 2011 12:03 PM PDT The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell the most in six months, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%. The Energy Information Administration (EIA) Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and abroad. The report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CAD Drops To Uptrend Support Line Posted: 09 Jun 2011 11:50 AM PDT (Please click on the chart to enlarge. Chart key: price on 1st pane, Stochastics on 2nd pane; horizontal support/resistance levels in black; uptrend lines in green; downtrend lines in red; 50-period simple moving average in orange; 100-period simple moving average in brown; 200-period simple moving average in dark blue; Fibonacci levels in magenta.) 6/09/2011 – USD/CAD (a daily chart of which is shown) as of Thursday (6/09/2011) has once again reached down to touch a steep uptrend support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 09 Jun 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> EUR/USD was trading at 1.4512, down 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.4478, today&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sheila Bair’s Final ‘Sense On Cents’ Posted: 09 Jun 2011 11:37 AM PDT In one corner, we have Jamie Dimon who on behalf of his shareholders would seemingly like to maintain as much of the status quo for the powers that remain in the Wall Street oligopoly. In another corner, we have Barack Obama grasping at straws that might breathe some lifeblood into the economy and support his prospects for reelection. Who occupies the center of the ring and is neither compromised by the large money interests on Wall Street nor the pursuit of perpetuating a political career in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smucker’s 4Q Profits Are Far From Sweet Posted: 09 Jun 2011 11:30 AM PDT 06/09/11 Led by acquisitions and restructuring charges, J.M. Smucker Co. announced that fourth-quarter profit fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Tech Shop Memberships Posted: 09 Jun 2011 11:30 AM PDT “TechShop is a membership-based workshop that provides members with access to tools and equipment, instruction, and a community of creative and supportive people so they can build the things they have always wanted to make. You can think of TechShop like a fitness club, but with tools and equipment instead of exercise equipment. It is sort of like a Kinko’s for makers, or a Xerox PARC for the rest of us.” TechShop was featured this morning on CNBC as part of its “Manufacturing’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of America Bull Sets Up Shop In August Contract Calls And Puts Posted: 09 Jun 2011 11:30 AM PDT Bank of America bull sets up shop in August contract calls and puts Today's tickers: BAC, VRTX, SKX & GT (NYSE:BAC) – Bank of America Corp. – Pessimism on the financial sector overflow-eth as of late and shares in Bank of America currently hover just above fresh 2-year lows, but for one contrarian strategist it looks like now is the perfect time to bet big on a BAC-rebound. Shares in Bank of America lost 31.4% of their value since mid-January, sliding to as low as $10.50 before rising … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Soco AGM – June 23rd 2011: Attendance, Questions And Views? Posted: 09 Jun 2011 05:42 AM PDT By popular demand, an event thread for the forthcoming Soco AGM at The Lincoln Centre, 18 Lincoln's Inn Fields, London WC2A 3ED on 23 June 2011 at 10 a.m. Who’s going? Anticipated questions? Thoughts arising? The best local … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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