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- PX To Provide Hydrogen To Valero
- JOLTS To The Economy
- Ocwen Acquires Litton
- CIGNA Expands Service In Wisconsin
- Capital One Bids For ING Direct
- USD/CHF’s Double Bottom Attempt Is Gaining Bullish Momentum
- Cooper Tire Remains At Neutral
- Macerich Acquires Two Malls
- Forex – EUR/USD Up At The End Of European Session
- Risk Appetite Extends On Higher US Equities, EUR/CHF Staking Out A Bottom?
- Charting The Recent Weakness In Financials XLF
- Forex – EUR/USD Up Toward The End Of European Session
- Comcast Ready To Swoop Theme Park
- Home Depot’s Risk-Reward Balances
- Forex – USD/JPY Up Toward The End Of European Session
- Forex Trading: USDCHF Tests Key Resistance Target At The 100 Hour MA/old Low And High
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Caution
- GE Harnesses Solar Energy To Empower Electric Vehicles
- How U.S. Companies Like Apple Prosper And Create U.S. Jobs Even If Assembly Takes Place Overseas
- California Pizza Reaches Taiwan
- The Gas Turbine Market Powers Ahead
- Word From The Floor: US Stocks Gain, Reverse Losing Streak
- Crude Slides Below $99 On OPEC Expectations
- Forex – GBP/USD Up Toward The End Of European Session
- Steady Equities Forces Bond Selling – Yields Rise
- Forex – GBP/JPY Up During The European Session
- Morning Market Brief
- Sound Oil Eyes Early Drilling On New Permit In Italy
| PX To Provide Hydrogen To Valero Posted: 07 Jun 2011 09:55 AM PDT Recently Praxair Inc. (NYSE:PX) has been awarded a contract to supply 270 million standard cubic feet per day (scfd) of hydrogen to Valero Energy Corporation. Subsequent to the deal, Praxair decided to enhance its hydrogen capacity in Texas and Louisiana in order to meet the requirement. Besides, the company will also be expanding its Mississippi River corridor hydrogen pipeline system.
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| Posted: 07 Jun 2011 09:55 AM PDT In May, the country gained a net of 54,000 jobs, and in April we gained 232,000. However, that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month. In any economic environment, there will always be jobs being created and jobs being lost. The difference between them is what gets the headlines. However, with a month's delay we get to look a little bit deeper and see not just the net number of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 07 Jun 2011 09:35 AM PDT According to the regulatory documents flied on Monday, Ocwen Financial Corp. (NYSE:OCN) stated that it had reached an agreement with Goldman Sachs Group Inc. (NYSE:GS) to buy Litton Loan Servicing for $263.7 million. The acquisition is expected to close in the late third quarter or early fourth quarter of 2011.
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| CIGNA Expands Service In Wisconsin Posted: 07 Jun 2011 09:35 AM PDT Early last week, CIGNA Corp. (NYSE:CI) announced that it had entered into an agreement with Affinity Health System, whereby CIGNA would provide its members in-network access to St. Elizabeth Hospital in Appleton, Calumet Medical Center in Chilton, Mercy Medical Center in Oshkosh, as well as Affinity's 26 clinics and nearly 250 affiliated health care professionals in northeastern Wisconsin.
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| Capital One Bids For ING Direct Posted: 07 Jun 2011 09:10 AM PDT Bloomberg reported that Capital One Financial Corp. (NYSE:COF) has tendered an offer to buy ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING).
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| USD/CHF’s Double Bottom Attempt Is Gaining Bullish Momentum Posted: 07 Jun 2011 09:07 AM PDT USD/CHF Falls Sharply to New Record Low After the Non-Farm Payroll (6/3) Short-Term to Medium-Term- The USD/CHF has been very bearish, but is now stalling at the most recently made record low of 0.8326.
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| Cooper Tire Remains At Neutral Posted: 07 Jun 2011 09:01 AM PDT We reiterate our Neutral recommendation on Cooper Tire & Rubber Co. (NYSE:CTB), which is one of the well-established manufacturers and marketers of tires and related products. Headquartered in Findlay, Ohio, Cooper Tire has more than 60 manufacturing, sales, distribution, technical and design facilities located in 10 countries across the world.
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| Posted: 07 Jun 2011 09:01 AM PDT Macerich Co. (MAC) and General Growth Properties, Inc (GGP) announced a deal in which Macerich will acquire General Growth's 1/3 ownership each in two malls in the Phoenix market, Superstition Springs and Arrowhead Towne Center. In return General Growth will get the ownership of six stores previously owned by Macerich and $75.0 million in cash.
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| Forex – EUR/USD Up At The End Of European Session Posted: 07 Jun 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on German Factory Orders.<br/><br/> EUR/USD was trading at 1.4675, up 0.68% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday’s low, and resistance at 1.4692, today’s high.<br/><br/> Earlier in the day, official data showed that German factory orders rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Risk Appetite Extends On Higher US Equities, EUR/CHF Staking Out A Bottom? Posted: 07 Jun 2011 08:57 AM PDT US stocks followed those in Europe and rallied in Tuesday's trading in the NY morning. Risk sentiment was propped up earlier in the session by words from Trichet, in which he endorsed the idea of some type of "debt rollover" to be an appropriate approach. The ECB isn't opposed to private- sector creditors being asked to "maintain their level of outstanding credit," Trichet said in Montreal yesterday, the first sign he endorsed measures to encourage investors to buy new Greek … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Charting The Recent Weakness In Financials XLF Posted: 07 Jun 2011 08:40 AM PDT Financial stocks have seen relative weakness with companies in other sectors, as evidenced by the lackluster performance and recent support breakdowns in the leading Financial ETF – XLF. Let's start first with a trading lesson in terms of the divergences at the high in February ahead of the reversal.
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| Forex – EUR/USD Up Toward The End Of European Session Posted: 07 Jun 2011 08:40 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4666, up 0.62% at time of writing.<br/><br/> The pair was likely to find support at 1.4326, Thursday’s low, and resistance at 1.4692, today’s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.12% to hit 0.8923 and EUR/JPY rising 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Comcast Ready To Swoop Theme Park Posted: 07 Jun 2011 08:25 AM PDT Comcast Corporation's (NASDAQ:CMCSA) recently merged entity NBC Universal plans to acquire the remaining 50% stake of Universal Orlando Resort's theme parks from Blackstone Group L.P. (NYSE:BX) for nearly $1 billion.
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| Home Depot’s Risk-Reward Balances Posted: 07 Jun 2011 08:25 AM PDT We have maintained our long-term ‘Neutral’ recommendation on The Home Depot Inc. (NYSE:HD) with a target price of $37.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock.
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| Forex – USD/JPY Up Toward The End Of European Session Posted: 07 Jun 2011 08:20 AM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.<br/><br/> USD/JPY was trading at 80.24, up 0.16% at time of writing.<br/><br/> The pair was likely to find support at 79.98, Monday’s low, and resistance at 81.32, Thursday’s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.64% to hit 1.4669 and GBP/USD rising 0.53% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Tests Key Resistance Target At The 100 Hour MA/old Low And High Posted: 07 Jun 2011 08:18 AM PDT The USDCHF is testing key resistance target at the 100 hour MA at 0.8788 and the highs/lows from the last 5 days of trading (see chart above). This is a key level for the pair.
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| Australian Dollar: The Downside Prevails Posted: 07 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 07 Jun 2011 08:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GE Harnesses Solar Energy To Empower Electric Vehicles Posted: 07 Jun 2011 08:15 AM PDT GE Harnesses Solar Energy to Empower Electric Vehicles
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| How U.S. Companies Like Apple Prosper And Create U.S. Jobs Even If Assembly Takes Place Overseas Posted: 07 Jun 2011 08:13 AM PDT In the Journal of International Commerce and Economics’ current issue, there’s an excellent article titled “Innovation and Job Creation in a Global Economy: The Case of Apple's iPod” (full paper here). Here’s the paper’s abstract: “Globalization skeptics argue that the benefits of globalization, such as lower consumer prices, are outweighed by job losses, lower earnings for U.S. workers, and a potential loss of technology to foreign rivals. To shed light on the jobs issue, we analyze the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| California Pizza Reaches Taiwan Posted: 07 Jun 2011 08:05 AM PDT Los Angeles-based California Pizza Kitchen Inc. (NASDAQ:CPKI), which currently owns and operates 205 restaurants, and franchises 60 restaurants, recently entered into an agreement with Quanta Foods to expand in Taiwan.
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| The Gas Turbine Market Powers Ahead Posted: 07 Jun 2011 08:00 AM PDT The Gas Turbine Market Powers Ahead
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| Word From The Floor: US Stocks Gain, Reverse Losing Streak Posted: 07 Jun 2011 03:00 AM PDT 06/07/11 The major stock averages advanced, lifted by M&A activity. The US dollar slipped vs. most major … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Slides Below $99 On OPEC Expectations Posted: 07 Jun 2011 08:00 AM PDT 06/07/11 Front month crude prices took a hit this session on expectations OPEN will raise its production quota this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Up Toward The End Of European Session Posted: 07 Jun 2011 08:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.<br/><br/> GBP/USD was trading at 1.6449, up 0.57% at time of writing.<br/><br/> The pair was likely to find support at 1.6287, Friday’s low, and resistance at 1.6473, today’s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8925 and GBP/JPY rising 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Steady Equities Forces Bond Selling – Yields Rise Posted: 07 Jun 2011 07:42 AM PDT Government bond prices face a second lackluster day as equity traders mark prices higher and thoughts of challenges to economic growth take a back seat to hopes for a resolution to the European sovereign debt crisis. Yield curves remain relatively static with some light profit-taking providing the greatest impetus on an otherwise quiet day for trading.
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| Forex – GBP/JPY Up During The European Session Posted: 07 Jun 2011 07:40 AM PDT Forex Pros – The British Pound was higher against the Japanese Yen on Tuesday.<br/><br/> GBP/JPY was trading at 131.98, up 0.73% at time of writing.<br/><br/> The pair was likely to find support at 130.68, Friday’s low, and resistance at 132.85, Thursday’s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.64% to hit 1.6461 and EUR/GBP rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 07 Jun 2011 02:15 AM PDT 06/07/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Sound Oil Eyes Early Drilling On New Permit In Italy Posted: 07 Jun 2011 01:33 AM PDT Sound Oil (LON:SOU) , the exploration and production group run by Antrim Energy chairman Gerry Orbell, has agreed to acquire an interest in the Montemarciano Permit, which lies in the Ancona Province, of central Italy. The deal gives the company an early opportunity to drill a low cost gas exploration well, which, in the best case, could provide near term cash flow and, in the high case, deliver significant upside to its overall asset base. The farm-in has been struck between Sound Oil's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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