Wednesday, June 8, 2011

DailyMarkets.com - Good And Bad

DailyMarkets.com - Good And Bad

Good And Bad

Posted: 08 Jun 2011 05:15 PM PDT

A new CNN poll reveals just what Americans are thinking in the wake of numerous stimulus programs and Wall Street bailouts, a nonstop binge of government borrowing and money printing, and relentless propagandizing about the so-called “recovery.”
The bad news? Nearly half the population believes things are bad — and are going to get a whole lot worse in the not-so-distant future.
President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Respecting The 100 Hour MA So Far

Posted: 08 Jun 2011 05:12 PM PDT

The 100 hour MA remains a key borderline level for the market. The early rally higher has found the profit taking/initiating sellers against the level. The action keeps the pair in between support at the 1.4568  and resistance against the 100 hour MA at 1.4603 and the underside of the broken trendline further up at 1.4617 level.  The 1.4568 level  is derived from the 61.8% retracement of the move down from the May high to the May low. 

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

Forex – USD/JPY Down On Economic Data

Posted: 08 Jun 2011 05:10 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on GDP.<br/><br/> USD/JPY was trading at 79.85, down 0.05% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.40, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Japanese gross domestic product fell more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 08 Jun 2011 05:05 PM PDT

Forex Pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4593, up 0.06% at time of writing.<br/><br/> The pair was likely to find support at 1.4558, Monday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8898 and EUR/JPY rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s GDP Falls More-than-expected

Posted: 08 Jun 2011 05:05 PM PDT

Forex Pros – Japanese gross domestic product fell more-than-expected in the last quarter, official data showed on Wednesday.<br/><br/>In a report, Cabinet Office said that Japan&rsquo;s GDP fell to a seasonally adjusted -0.9%, from -0.9% in the preceding quarter.<br/><br/>Analysts had expected Japan&rsquo;s GDP to fall -0.8% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NextEra Unit Issues Debentures

Posted: 08 Jun 2011 04:35 PM PDT

NextEra Energy Capital Holdings Inc., a subsidiary of  NextEra Energy Inc. (NEE) sold $400 million of 4.5% debentures due June 2021.
NextEra is offering the debentures at 99.922% of face value with an expected yield of 4.51% at maturity.
The sale proceeds will be utilized by NextEra Energy Capital Holdings to pay back some of its outstanding commercial paper obligations and use the rest for other corporate purposes.
NextEra Energy’s long-term debts as of March 31, 2011, were $18.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture Eyes Saudi Expansion

Posted: 08 Jun 2011 04:35 PM PDT

In an attempt to explore opportunities in the energy, utilities and petrochemical sectors in the Middle East, Accenture plc (NYSE:ACN) recently entered into an agreement to acquire a lion's share in the Saudi Arabia-based Faisaliah Business & Technology Company ("FBTC"). Financial details of the agreement and the extent of stake-holding were not disclosed.
A unit of Al Faisaliah Group, FBTC is a renowned information technology (IT) services company. It provides IT consultancy services … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 08 Jun 2011 04:15 PM PDT

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 79.93, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 79.70, today&rsquo;s low, and resistance at 80.89, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.07% to hit 1.4594 and GBP/USD falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Wednesday, June 8, 2011

Posted: 08 Jun 2011 04:03 PM PDT

Our long term rating on Mercadilibre, Inc. (symbol: MELI) changed from ‘bullish’ to ‘bearish’. 1 out of the 10 stocks on our focus list is rated bullish (VECO) in the short term. 2 out of the 10 stocks on our stock focus list are rated bullish (LULU, VECO) in the long term. The stock market direction outlook is: (1) short term: bearish; (2) long term: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nintendo Wii U Unveiled

Posted: 08 Jun 2011 03:57 PM PDT

06/08/11 Nintendo unveiled its newest video game console, the Wii U. The next generation Wii received mixed reviews at the Electronic Entertainment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Humana Penalized In Colorado

Posted: 08 Jun 2011 03:55 PM PDT

Business First reported that two of Humana Inc.'s (NYSE:HUM) divisions were fined about $0.3 million based on infringement of a number of state laws of Colorado between mid-2007 and mid-2009.
The Colorado Division of Insurance has pointed out multiple issues that led the regulators to reprimand Humana. The regulators criticized a couple of Humana units for misrepresentation of information in policy forms, which were later used for benefits coverage.
Not only did these units take … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BIOLA China, India

Posted: 08 Jun 2011 03:55 PM PDT

Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) recently opened its offices in two of the largest Asian markets, China and India. The California-based company has established its Asian headquarters, "BIOLASE Technology Asia Pacific" in Shanghai, China, and a direct sales and service office, "BIOLASE Technology India Private Limited" in Mumbai, India.
BIOLASE reckons China and India as significant markets and sees a huge growth potential for its dental laser products in these … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LaSalle Hotel Acquires Asset

Posted: 08 Jun 2011 03:55 PM PDT

LaSalle Hotel Properties (NYSE:LHO) signed an agreement to acquire the Park Central Hotel for $405.5 million in midtown Manhattan. The transaction is subject to the company's completion of closing requirements and is expected to close by the end of third quarter 2011.
The 934-room hotel is currently owned and managed by Highgate Holdings, which will continue to manage the hotel after the sale.
LaSalle Hotel expects to fund the majority of the purchase price with net proceeds of approximately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merge To Acquire Ophthalmic Imaging

Posted: 08 Jun 2011 03:35 PM PDT

Recently, Merge Healthcare (NASDAQ:MRGE) decided to acquire Ophthalmic Imaging Systems for approximately $30.3 million, before considering debt. Ophthalmic Imaging provides digital imaging and informatics solutions for ophthalmology and other medical specialties.
As per the agreement, for each share of Ophthalmic Imaging, shareholders will receive 0.1693 share of Merge. Around 72% of Ophthalmic Imaging shareholders have agreed to the deal, which is expected to conclude in the third quarter of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marathon Spin-off Clears SEC Hurdle

Posted: 08 Jun 2011 03:35 PM PDT

Following completion of the review process by U.S. Securities and Exchange Commission ("SEC") and declaration of the 'Registration Statement' as effective, leading integrated energy firm Marathon Oil Corporation (NYSE:MRO) has completed all regulatory requirements on its way to separating the refining/sales business from its exploration/production operations, and creating two independent companies in the process.
Last month, Marathon got a positive nod from the U.S. Internal Revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 08 Jun 2011 03:35 PM PDT

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8214, up 0.78% 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, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.62% to hit 1.2950 and EUR/NZD falling 0.72% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: BoE And ECB Rate Decisions, US Jobless Claims, International Trade, Wholesale Trade

Posted: 08 Jun 2011 10:20 AM PDT

06/08/11 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: Why Hasn’t VIX Moved? Here’s My Response

Posted: 08 Jun 2011 03:18 PM PDT

Cusick’s Corner
The shorts are in control but traders are still preparing for at least one session run up. If the market does muster some sort of upside stance, while I would not be surprised, I would only use this as an opportunity in the short-term to mend long fences or look at some potential fixed-risk bear opportunities. Some might question this view since the VIX has not moved in any way that would flag greater fear in the market. Here’s my response — look at the VIX futures, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unilife’s Device Goes For Trial

Posted: 08 Jun 2011 03:07 PM PDT

Unilife Corporation (UNIS) recently revealed one of its devices was chosen by a major world-wide pharma company for clinical trials in conjunction with a pipeline biologic drug for organ delivery. The clinical trial is expected to start sometime in the fourth quarter of 2011 or the subsequent quarter.
Based on an understanding with the pharma company, Unilife delivered its first batch of devices, in April 2011, for clinical evaluation. The terms of the understanding have not been disclosed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Sheds PE Assets

Posted: 08 Jun 2011 03:07 PM PDT

Citigroup Inc. (NYSE:C) is shedding its business again. The company is said to have reached a deal to sell its private-equity assets portfolio of $1.7 billion to AXA Private Equity, the buyout arm of the French group AXA.
The portfolio in consideration for sale comprises 207 limited-partnership interests in buyout funds, which include stakes in funds owned by KKR & Co. (KKR), Blackstone Group LP (NYSE:BX), Carlyle Group, Providence Equity Partners and others, apart from direct stakes in around … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDermott Unit Gets Trinidad Gig

Posted: 08 Jun 2011 03:05 PM PDT

Energy-focused engineering and construction firm McDermott International (NYSE:MDR) announced that one of its units has received a full engineering, procurement, construction and installation ("EPCI") of a 750-ton compressor module for U.K's BG Group's Hibiscus field development offshore Trinidad.
The deal – valued at more than $50 million – calls for McDermott to provide the full spectrum of engineering and construction services for the Hibiscus gas field, 28 miles off the north coast … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Coventry Sells Senior Notes

Posted: 08 Jun 2011 03:05 PM PDT

Coventry Health Care, Inc. (NYSE:CVH) has completed a $600 million public offering of 5.45% Senior Notes due 2021, which was announced on June 2.
Coventry had sold the senior unsecured notes with a 5.45% coupon at a price of $99.80 to yield 5.476% and offered a risk premium of 245 basis points over Treasury.
Additionally, Coventry's offering also included a provision named change-of-control provision, to safeguard investors against event risks such as acquisition through leveraged buyout or due … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EMC To Replace SecurID Tokens

Posted: 08 Jun 2011 03:05 PM PDT

EMC Corp.'s (NYSE:EMC) security division, RSA security, admitted that its security tokens were breached to access Lockheed Martin Corp.'s (NYSE:LMT) data base and has offered to replace its customers' SecurID tokens. RSA security has already started replacing the tokens for government and defense agencies.
After admitting the connection between the hacking attack on Lockheed Martin and the RSA security breach, the executive chairman stated that the nature and purpose of the attacks was to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: Trading In Dull Markets And Breakouts

Posted: 08 Jun 2011 02:43 PM PDT

It's time for another update in the new series "Wednesday with Wyckoff," where I take a brief idea from the writings of Richard Wyckoff and apply it to today's markets.
Last week's entry was a lesson – with colorful imagery – on a stock breaking through a resistance level.
Today's topic is on "Trading in Dull, Flat Markets," as Wyckoff introduces us to what we know today as the "Range Alternation" Principle.
From his Studies in Tape Reading, Wyckoff writes:
"Many … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Royal Dutch Shell Fairly Valued

Posted: 08 Jun 2011 02:35 PM PDT

We have maintained our Neutral recommendation on energy major Royal Dutch Shell plc (RDS.A) with a price target of $73.
With the economic rebound strengthening and with oil prices rallying, we expect integrated oil companies such as Royal Dutch Shell to continue accelerating revenue and earnings growth over the next few quarters. The group's recent results have also benefited from its operational/production efficiency and contributions from growth programs.
At its annual strategy update, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Skyworks Reiterates Outlook

Posted: 08 Jun 2011 02:25 PM PDT

Skyworks Solutions, Inc. (NASDAQ:SWKS) recently reiterated its outlook for above market growth, excluding its recently announced acquisitions.  
In April 2011, Skyworks said that it expects to report revenues of approximately $345 million. On a non-GAAP basis, Skyworks expects to report earnings of 46 cents in the current quarter.
In the long-run, management expects to approach a $1.5 billion revenue run rate with $2.00 in annualized earnings per share in the September quarter. Skyworks expects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinross Starts Brazilian Mill

Posted: 08 Jun 2011 02:25 PM PDT

The Canadian mining company Kinross Gold Corporation (NYSE:KGC) has installed and commissioned a third ball mill at its Paracatu project in Brazil, increasing the throughput capacity at the operation.
According to Kinross, the mill was started without cost or time overruns, and is currently operating at about 60% of the ore-feed rate capacity. It should ramp up to 100% in the third quarter of 2011.
The company added the third mill, and is planning a fourth, to help improve throughput at Paracatu … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thursday’s Stocks To Watch, Jun 09

Posted: 08 Jun 2011 02:22 PM PDT

( click to enlarge )

Netflix, Inc. (NASDAQ:NFLX) tried to move to higher price levels, but was not accompanied by volume so it dropped today. According to the technical daily chart above no pattern has emerged yet, but what NFLX needs is additional volume in its upward move for it to reach the previous highs. If more volume does not come in, we could see a side to downward move. Technical indicators have been displaying bearish divergence to the price action over the last few days. I believe that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EUR/USD Bearish Retracement Within Steep Uptrend

Posted: 08 Jun 2011 02:15 PM 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.)
6/08/2011 – EUR/USD (a daily chart of which is shown) as of Wednesday (6/08/2011) has retraced virtually all of the gains made on Tuesday, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staples Inc. To Underperform

Posted: 08 Jun 2011 02:05 PM PDT

We recently downgraded our recommendation on Staples Inc. (NASDAQ:SPLS), the leading global supplier of office products, to Underperform with a price target of $15.00, following lower-than-expected first-quarter 2011 results and truncated guidance. Earlier, we had a Neutral rating on the stock.
Staples' first-quarter 2011 earnings of 28 cents a share missed the Zacks Consensus Estimate of 32 cents and remained flat with the prior-year quarter. Given lower-than-expected results, the company took a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BioMarin Initiates Late-Stage Study

Posted: 08 Jun 2011 02:05 PM PDT

Recently, BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) initiated a late-stage study (n~30) for Firdapse (amifampridine phosphate) to treat patients suffering from Lambert-Eaton Myasthenic Syndrome (LEMS), a rare autoimmune disorder.
The study, to be conducted across 25 sites across the globe, will evaluate the safety and efficacy of the drug. The double-blind, placebo-controlled randomized discontinuation phase III study will be followed by an open-label extension period.
Management stated that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IsoRay Acquires Rights To Iotrex

Posted: 08 Jun 2011 02:05 PM PDT

IsoRay Inc (ISR), which makes the Cesium-131 internal radiation therapy (brachytherapy) isotope, has acquired exclusive global licensing rights to Iotrex from Dr. Reddy's Laboratories (NYSE:RDY). Iotrex is a radioactive liquid solution used in the treatment of brain cancer.
Iotrex is a key component in the GliaSite radiation therapy system, the only approved balloon catheter in the U.S. used in brachytherapy treatment of brain cancer. IsoRay acquired the exclusive global distribution rights to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: ANF, LDK, XOM

Posted: 08 Jun 2011 02:00 PM PDT

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: 08 Jun 2011 01:55 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4583, down 0.74% 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 the Japanese Yen, with EUR/GBP shedding 0.49% to hit 0.8890 and EUR/JPY falling 0.98% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Edwards’ Sapien Under Review

Posted: 08 Jun 2011 01:35 PM PDT

Edwards Lifesciences' (NYSE:EW) Sapien transcatheter heart valve (THV) will be reviewed by an Advisory Panel of the US Food and Drug Administration (FDA) on July 20, 2011. Although the FDA is not required to follow the panel's recommendation, it generally does so. A favorable recommendation from the panel could provide easy access to the final approval from the agency.
The company had submitted a pre-market approval (PMA) application in October 2010 for Cohort B of the PARTNER trial. Under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Diageo Buys African Stake From SAB

Posted: 08 Jun 2011 01:35 PM PDT

Diageo Plc.'s (NYSE:DEO) subsidiary East African Breweries Ltd ('EABL') announced that it intends to buy SABMiller’s 20% stake in its own Kenyan unit for $225 million with the end a partnership that allowed the firms to produce and market each other’s products.  
As a part of the deal, to undo the cross-shareholding, EABL will sell the 20% stake it holds in neighboring Tanzania Breweries (TBL), a unit of SABMiller, through a public offer at a later date.  
This will restore … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

World, U.S. Oil Production Rises In 2010

Posted: 08 Jun 2011 01:35 PM PDT

World oil production rebounded by 2.2% in 2010 to reach 82.095 million barrels per day (B/D), up from 80.278 million B/D in 2009, but virtually unchanged from 2008 levels. World oil consumption, though, increased by 3.1% to hit 87.382 million B/D.

Due to the inclusion of non-oil additives in the consumption figures (especially ethanol) and some unavoidable differences in definitions, consumption always runs higher than production, so don't read the differences in levels as meaning that world … [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: 08 Jun 2011 01:35 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 79.90, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 79.70, today&rsquo;s low, and resistance at 80.89, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.78% to hit 1.4576 and GBP/USD falling 0.29% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Preview: The Hawkish And Dovish Cases For The ECB Rate Decision

Posted: 08 Jun 2011 01:25 PM PDT

The EUR/USD has had volatile ride since our previous ECB interest rate decision. Then, traders were expecting Trichet to signal a rate hike in June (tomorrow's meeting) by using the code words "strong vigilance" in regards to inflation – a sign the ECB was set to hike rates in the next meeting.
Instead, Trichet used the phrase "monitor very closely" the code words for a rate hike in 2 meetings, and therefore we find ourselves in a similar situation, seeing whether we hear "strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down Toward The End Of U.S. Session

Posted: 08 Jun 2011 01:25 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6398, down 0.28% 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, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.54% to hit 0.8886 and GBP/JPY falling 0.52% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.18%

Posted: 08 Jun 2011 01:10 PM PDT

Forex Pros – U.S. stocks were down after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.18%, the S&P 500 index shed 0.42%, while the Nasdaq 100 index declined 0.71%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 0.88%; Germany&rsquo;s DAX shed 0.61%; Britain&rsquo;s FTSE 100 declined 0.95%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Contracts For Jacobs

Posted: 08 Jun 2011 01:06 PM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) has agreed to provide engineering procurement and construction management (EPCM) services to DuPont Titanium Technologies, a part of El DuPont de Nemours & Company  (NYSE:DD). The value of the contract was not disclosed.
DuPont is a manufacturer of titanium dioxide for the coatings, paper, plastics and specialties markets.
Per the agreement, the company will support the expansion of DuPont's titanium dioxide sites in Mexico by rendering EPCM … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DuPont Reaffirms 2011 EPS Outlook

Posted: 08 Jun 2011 01:00 PM PDT

The chemical giant EI DuPont de Nemours & Company (NYSE:DD) reaffirmed its full year 2011 earnings per share outlook as reported by Chair and CEO Ellen Kullman at the JPMorgan Diversified Industries Conference.
According to Kullman, the company still expects to see EPS in the range of $3.65 to $3.85 per share, excluding the impact of acquisition of Danisco, which, as previously announced, could reduce 2011 earnings by 30 cents- 45 cents per share on a reported basis.
According to DuPont, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Debit Card Cap Battle In Final Leg

Posted: 08 Jun 2011 01:00 PM PDT

The fate of the pending cap on interchange fees for debit cards will be decided today in a U.S. Senate vote, according to a Reuters report on Tuesday. This would put an end to the tussle on the enactment and deferment of the cap that has been in question for quite some time now. 
According to a provision in the 2010 Dodd-Frank Act, the Federal Reserve needs to cap the interchange fees for U.S. banks. The rule was supposed to be enacted effective July, but faced lobbying resistance. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Africa: The Final Investing Frontier

Posted: 08 Jun 2011 12:46 PM PDT

Africa: The Final Investing Frontier
by Tony D'Altorio, Investment U Research
Wednesday, June 8, 2011
The African middle class' sheer size – about 313 million people – rivals that of China and India. And by 2015, new African consumers alone will equal all of Brazil's today.
The African Development Bank (ADB) now records one in three Africans as middle class, a group it defines as people who spend $2 to $20 a day. A record number of Africans now own houses and cars, they use the … [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: 08 Jun 2011 12:45 PM PDT

Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.6397, down 0.29% 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, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.50% to hit 0.8889 and GBP/JPY falling 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EU Approval For Biogen’s Avonex Pen

Posted: 08 Jun 2011 12:35 PM PDT

Biogen Idec (NASDAQ:BIIB) recently received EU approval for Avonex Pen, which is a single-use intramuscular auto-injector. Approval has been granted for the use of Avonex Pen in patients with relapsing multiple sclerosis (MS) and patients who have had a single demyelinating event.
The approval doesn't come as a surprise as in April, the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) had issued a positive opinion recommending the approval of Avonex … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SINA To Launch English Weibo

Posted: 08 Jun 2011 12:35 PM PDT

A leading online media company and mobile value-added services provider in China, SINA Corp. (NASDAQ:SINA) recently announced its intent to launch an English version of its microblog, Weibo, by the end of 2011 for international users.
Recently, technology blog TechWeb reported that SINA is expected to launch an English microblog in the United States within a few months to compete with Twitter. However, SINA commented that the service will be launched globally by the end of this year.
China is very … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mack-Cali Signs A Long-term Lease

Posted: 08 Jun 2011 12:35 PM PDT

Mack-Cali Realty Corp. (NYSE:CLI), a fully integrated real estate investment trust (REIT), has signed a new 19-year lease agreement with Continental Casualty Company – the seventh largest commercial insurer in the U.S., for an undisclosed amount. The lessee is the principal subsidiary of CNA Financial Corporation (NYSE:CNA), the 13th largest property and casualty company in the U.S. with a diverse product portfolio that includes standard commercial lines, specialty lines, surety, marine and other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Battles At The Days Lows

Posted: 08 Jun 2011 12:32 PM PDT

There are a lot of pips being traded in the EURUSD at the lows for the day.  The buyers and sellers seem to be squaring up with the winner either getting a break and move down to the 1.4551 level as the next support target, or a holding of the floor with the potential for a move up to the 1.4594 level as its first upside target (topside trendline in chart above).
On the daily chart the 1.4568 level is the 61.8% of the move down from the May high to the May low.  This too seems … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

06/08 FX Options Report

Posted: 08 Jun 2011 12:20 PM PDT

The USD advanced vs. the EUR, following Federal Reserve Chairman Bernanke’s speech. No further hints of quantitative easing were mentioned, sparking risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ferrellgas’ EPS Fizzles, Revs Beat

Posted: 08 Jun 2011 12:15 PM PDT

FerrellgasPartners LP’s (NYSE:FGP) reported earnings per unit of 32 cents for the third quarter of fiscal 2011 fell short of Zacks Consensus Estimate of 54 cents by 22 Cents. The quarter’s results also deteriorated from 41 cents per unit earned in the prior-year quarter.
The GAAP earnings during the quarter was 4 cents versus 41 cents in the prior year quarter. The difference between the GAAP and operating earnings during the quarter was due to the impact of non-recurring charge for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hess Strikes Oil In Ghana

Posted: 08 Jun 2011 12:15 PM PDT

Integrated energy company  Hess Corporation (NYSE:HES) announced the discovery of oil at the Paradise-1 deepwater exploration well offshore Ghana. In this regard, the company has filed a Notice of Discovery with the Minister for Energy of the country.
The well, which was drilled to a total depth of 16,436 feet in water depth of 6,038 feet, hit oil and gas condensates with an estimated net pay of 490 feet over three separate intervals. Hess acts as the operator of the license with 90% working … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 08 Jun 2011 12:10 PM PDT

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9800, up 0.55% at time of writing.<br/><br/> The pair was likely to find support at 0.9732, Tuesday&rsquo;s low, and resistance at 0.9852, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.79% to hit 1.4575 and GBP/USD falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What Can We Learn From China’s Interest In Idaho?

Posted: 08 Jun 2011 12:09 PM PDT

From the Idaho Statesman in December 2010: 

“A Chinese national company is interested in developing a 10,000- to 30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport. Officials of the China National Machinery Industry Corp. have broached the idea — based on a concept popular in China today — to city and state leaders. They are also interested in helping build and finance a fertilizer plant near American Falls, an idea company officials returned … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

2-for-1 Split For ONEOK Partners

Posted: 08 Jun 2011 12:04 PM PDT

The general partner of ONEOK Partners L.P. (NYSE:OKS), yesterday, announced a two-for-one split of the partnership’s common units and Class B units. As part of the spilt, the partnership will distribute one unit for each outstanding unit held by unitholders of record as on June 30, 2011. The partnership expects to complete the split by July 12, 2011. 
We note that this is the first split ever announced for ONEOK Partner's units. Management expects this split to provide greater liquidity to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navistar Improves, Misses Ests

Posted: 08 Jun 2011 12:04 PM PDT

Navistar International Corp. (NYSE:NAV) posted a robust increase in profit (excluding the engineering integration costs) to $80 million or $1.02 per share in the second quarter of its fiscal year ended April 30, 2011 from $43 million or 60 cents per share in the corresponding quarter of prior year. However, the company missed the Zacks Consensus Estimate by 13 cents per share.
Including the engineering integration costs, the profit was $74 million or 93 cents per share during the quarter. The rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Tenant For Highwoods

Posted: 08 Jun 2011 12:04 PM PDT

Highwoods Properties, Inc. (NYSE:HIW) has secured a new tenant for its Greensboro properties. Home improvement retailer, Direct Buy recently signed a 75,000 square feet shipping facility lease in Greensboro for its shipping division. The terms of the lease were not disclosed.
This facility will be located in Highwoods industrial park at 6348 Burnt Poplar Road, Greensboro, North Carolina. This 125,000 square feet industrial property in Greensboro is 100% leased.
The property has an excellent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Italy Steals SunPower’s Sheen

Posted: 08 Jun 2011 12:04 PM PDT

SunPower Corporation (SPWRA) anticipating a reversal of its fortunes in Italy has reduced its 2011 earnings outlook. The downward revision was precipitated by solar-policy changes in Italy whereby the development of large solar farms were restricted. As a result SunPower will wind up its utility-scale systems business in Italy and focus on the country’s commercial and residential solar markets.
SunPower now expects full-year 2011 non-GAAP gross margins to be in the range of 17%–19%, down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Positive Data For Roche

Posted: 08 Jun 2011 12:04 PM PDT

Roche Holdings Ltd. (RHHBY) recently reported positive data from a late-stage trial (OCEANS) on Avastin (bevacizumab) at the annual meeting of the American Society of Clinical Oncology (ASCO). The trial was conducted to evaluate the use of Avastin in combination with chemotherapy followed by the use of Avastin alone in women with recurrent platinum-sensitive ovarian cancer.
The study results demonstrated that women who were dosed with Avastin experienced a 52% decline in the risk of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

McDonald’s Serves Up Strong May Same-store Sales Figures

Posted: 08 Jun 2011 07:00 AM PDT

06/08/11 McDonald’s sales figures for May jumped 3.1% as oatmeal and frozen drink sales pushes revenue … [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: 08 Jun 2011 11:45 AM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4584, down 0.72% 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 the Japanese Yen, with EUR/GBP shedding 0.41% to hit 0.8897 and EUR/JPY falling 1.00% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fundamental Preview: Can Recent Stronger Data Influence RBNZ Statement?

Posted: 08 Jun 2011 11:44 AM PDT

The Reserve Bank of New Zealand cut rates by 50 basis points to 2.5% on March 10th following the major earthquake that struck the country in February.
Here's a look at RBNZ interest rate over the last 6 years:

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In their statement they outlined the reasoning behind that move, as it was necessary to help provide stimulus to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Bounces Of The Low For The Day At 1.4568.

Posted: 08 Jun 2011 11:38 AM PDT

The EURUSD has bounced off the low for the day at the 1.4568.  The failure to extend lower, has led to a modest afternoon short covering rally that has taken the pair to a high of 1.4589 ( so far at least). The next key target above comes in at the 1.4598 level where the original low for the day is found  and also in the area of some intermediate highs today (see 2 and 3 in chart above).  Above that level, the 100 bar MA at the 1.4606 level will be the next target. If the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Analyst Interviews: REIT Industry & Stock Outlook

Posted: 08 Jun 2011 11:35 AM PDT

The U.S. Real Estate Investment Trust (REIT) industry has sustained the improving trend this year, driven by a largely increased inflow of funds as institutional investors allocated more capital to the industry. This has helped the group generate market-beating returns.

The FTSE NAREIT Equity REIT Index had total returns of 6.3% in the first quarter of 2011 vs. 4.8% and 5.4% for the NASDAQ Composite and the S&P 500 Index, respectively. This was preceded by a solid back-to-back returns … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navistar But Misses Ests

Posted: 08 Jun 2011 11:35 AM PDT

Navistar International Corp. (NYSE:NAV) posted a robust increase in profit (excluding the engineering integration costs) to $80 million or $1.02 per share in the second quarter of its fiscal year ended April 30, 2011 from $43 million or 60 cents per share in the corresponding quarter of prior year. However, the company missed the Zacks Consensus Estimate by 13 cents per share.
Including the engineering integration costs, the profit was $74 million or 93 cents per share during the quarter. The rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Parcel Expands Capacity

Posted: 08 Jun 2011 11:30 AM PDT

United Parcel Services (NYSE:UPS), the world’s largest package delivery company, has expanded its cargo capacity by more than 50% in Latin America.
Encouraged by an improving economy and growing demand for cargo services in Latin America, the company has enhanced its capacity by deploying Boeing 767, substituting Boeing 757 on 19 weekly flights to the region and carry 50% additional load.
The flights will cover UPS’ networks between Miami and Quito and Guayaquil, Ecuador; Bogota, Colombia; Panama … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PPL Customers Conserve Power

Posted: 08 Jun 2011 11:30 AM PDT

A unit of PPL Corporation (NYSE:PPL), PPL Electric Utilities Corporation, said it has signed an agreement with EnerNOC Inc. (NASDAQ:ENOC), to receive 300 megawatts of demand response capacity. This contract is subject to the approval of the Pennsylvania Public Utility Commission.
Under the pact with PPL, EnerNOC will use its DemandSMART network of commercial, institutional, and industrial customer sites throughout PPL Electric Utilities’ service territory to assist the utility in achieving the load … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Red Robin Grows In California

Posted: 08 Jun 2011 11:30 AM PDT

Colorado-based Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB), which currently operates more than 450 restaurants across the United States and Canada, is set to open a new restaurant in Vacaville, California on June 20. This follows the Red Robin restaurant opening in Woodland, California in April end. So far, Red Robin has more than more than 70 locations in California.
We believe the core Californian market, which was badly hit during the housing downturn, has begun to turnaround. The gradual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forget Marketing Timing… Use Our Four Pillars Of Wealth

Posted: 08 Jun 2011 11:28 AM PDT

Forget Marketing Timing… Use Our Four Pillars of Wealth
Wednesday, June 8, 2011: Issue #1530
Despite the fact that the S&P 500 has doubled in a little more than two years, a shocking number of people still seem turned off by the stock market.
According to a poll conducted by Prudential, 58 percent of respondents "have lost faith" in the stock market. Even more stunning, 44 percent say they will NEVER invest in the stock market again. Never ever!
What that tells me is there's still a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Watching 1250

Posted: 08 Jun 2011 11:18 AM PDT

Cusick’s Corner
The market is hovering at the moment, no real change over yesterday’s close. Most traders are now watching the 1250 level. Europe was weak overnight and the Euro is dropping, but the headlines are not inspiring much of a trend in the trade so far today, some of the bearish move has already taken place over the past six days. The next item on the economic docket is the Fed’s Beige Book, containing anecdotal views from the Fed’s 12 Districts, which comes out today at 2:00pm ET. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 08 Jun 2011 11:15 AM PDT

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> AUD/USD was trading at 1.0623, down 0.91% at time of writing.<br/><br/> The pair was likely to find support at 1.0589, today&rsquo;s low, and resistance at 1.0775, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.18% to hit 1.3727 and AUD/JPY falling 1.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/CHF Strongly Bearish, Due For Bullish Correction

Posted: 08 Jun 2011 11:08 AM PDT

(Forex 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.)
6/08/2011 – USD/CHF (a daily chart of which is shown) as of Wednesday (6/08/2011) continues with a strongly bearish bias in line with the steep downtrend on multiple time … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bearish Players Eye Men’s Wearhouse Put Options Ahead Of Earnings

Posted: 08 Jun 2011 11:04 AM PDT

Bearish players eye Men's Wearhouse put options ahead of earnings
Today's tickers: MW, ABV, ANR & ODP
(NYSE:MW) – The Men's Wearhouse, Inc. – Investors are posturing in Men's Wearhouse put options this afternoon ahead of the retailer's first-quarter earnings report after the final bell. Shares in the Houston, TX-based company are well off their lows of the session, but still trade 0.65% lower today at $30.61 as of 1:35pm on the East Coast. One options strategist donned a debit put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Vends Litton To Ocwen

Posted: 08 Jun 2011 11:03 AM PDT

On Monday, The Goldman Sachs Group Inc. (NYSE:GS) announced the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. (NYSE:OCN) for about $263.7 million. Some of the assets of Litton will be retained by Goldman, which is not reflected in the sale price. The sell off follows the writing down of mortgage-servicing business worth $200 million by Goldman two months ago.
As per the terms of the deal, Ocwen will enter a new $2.47 billion loan for servicing advances and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fiserv Offers Notes

Posted: 08 Jun 2011 11:03 AM PDT

Fiserv, Inc. (NASDAQ:FISV) recently priced a public offering of $1.0 billion aggregate principal amount of senior notes. The notes were offered in two categories: $600 million of senior notes that mature in 2016 and bear interest at a rate of 3.125%, and $400 million of senior notes that mature in 2021 and bear interest at a rate of 4.750%.
Fiserv expects to close the offering at June 14, 2011. Fiserv intends to use the net proceeds of the offering to fund a tender offer for any and all of its $1.0 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA Sets Battlefield 3 Launch Date

Posted: 08 Jun 2011 11:03 AM PDT

Video game developer and publisher, Electronic Arts (NASDAQ:ERTS) better known as EA is slated to release its highly anticipated Battlefield 3 on October 25, 2011. Battlefield 3 was initially expected to be released in November 2011.
EA studio DICE announced the date of the launch at the Electronic Entertainment Expo (E3) trade show in Los Angeles. We believe the early release is an attempt on behalf of EA to grab a headstart over Activision Blizzard Inc.'s (NASDAQ:ATVI) latest installment of the Call … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More 4G From Sprint

Posted: 08 Jun 2011 10:50 AM PDT

The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) will launch a 4G handset "HTC EVO 3D" and 4G tablet "HTC EVO View 4G" on June 24.
HTC EVO 3D America’s first glasses-free 3D 4G device, will be priced at $199.99 and HTC EVO View 4G, the first 4G tablet, will be priced at $399.99. Both devices will use Clearwire Corp.'s (NASDAQ:CLWR) mobile WiMax (a wireless broadband technology) network.
The company offers more 4G products than any other wireless carrier in the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Jun 2011 10:45 AM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday.<br/><br/> NZD/USD was trading at 0.8165, down 0.50% 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, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.35% to hit 1.3017 and EUR/NZD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Croatian National Bank Cuts Discount Rate 200bps To 7.00%

Posted: 08 Jun 2011 10:30 AM PDT

The Croatian National Bank decreased its discount rate by 200 basis points to 7.00% from 9.00% previously.  The Bank’s main monetary policy rate, the fixed repo rate, was kept unchanged at 6.00%.  The Bank said of the move: “Given the downward trend in interest rates on the money market and on loans, we cut the discount rate to seven from nine percent. Even though the discount rate does not directly affect monetary developments, this should further influence easing of interest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“A Long Way…from A Sustained Recovery”

Posted: 08 Jun 2011 10:25 AM PDT

06/08/11 Empire Executions’ Peter Costa discusses Bernanke’s latest comments and today’s spike in crude oil … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Banking Rules Have Not Hurt Jamie Dimon

Posted: 08 Jun 2011 10:20 AM PDT

When do you know that somebody is tone deaf?
Those with any measure of 'sense on cents' know when an individual is tone deaf. How so? When said individual racks up compensation in the multiple tens of millions of dollars from an industry that was bailed out by taxpayer funds and then complains about changes in regulatory oversight, you know that individual is tone deaf. To whom do I refer? Welcome to the world of JP Morgan (NYSE:JPM) CEO Jamie Dimon.
I have long respected Dimon for his … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Rises On Risk Aversion

Posted: 08 Jun 2011 05:00 AM PDT

06/08/11 The US dollar has posted a slight rebound this session following Fed Chairman Bernanke’s bearish comments n the US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Conygar Interim Results – Audio Transcript

Posted: 08 Jun 2011 07:35 AM PDT

We published a podcast with Robert Ware and Preston Rabl, Chief Executive and Corporate Director of the Conygar Investment Company (LON:CIC) on Monday after the announcement of their recent interim results.  Here follows a transcript of the interim results update.
Conygar is an AIM listed property company focused on both opportunistic deal making and development of its large Welsh Marina and land bank projects.  The company is currently trading on a discount to last reported NAV of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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