DailyMarkets.com - Triple Index EMA Compression Levels To Watch Next Week |
- Triple Index EMA Compression Levels To Watch Next Week
- Medtronic To Pay Higher Dividend
- Lockheed To Help Analyze Data
- Pebblebrook Invests In Manhattan
- Sheraton Enters Azerbaijan
- Label Update For AMAG’s Feraheme
- TECO Energy Still Neutral
- Hot Option Plays: Take The Market’s Pulse Using The 200-Day
- Calgon Wins Two Contracts
- Monetary Policy Week In Review – 25 June 2011
- Education Realty Hikes Dividend
- Cemig Guides For 2011-2015
- Allstate Claims $1M For Fraud
- Exxon Builds Australian Terminal
- Telesp Upgraded On Vivo Merger
- Nuclear Energy And Uranium Stocks Poised To Rebound
- Fluor Wins Dow Contract
- Mobile Operators Revise Data Plans
- Apache Secures Exploration Rights
- Hain Celestial Stays Neutral
- Forex – EUR/USD Down At The End Of U.S. Session
- Stevie Award For Luminex MAGPIX
- St. Jude Reducing Migraines
- Nordstrom’s New Credit Facility
- Forex – GBP/USD Down At The End Of U.S. Session
- Closing Bell Market Monitor: GOOG, SUG, MU
- Forex – USD/JPY Down At The End Of U.S. Session
- Uruguay Central Bank Increases Interest Rate 50bps To 8.00%
- Huntington Bancshares Upgraded
- PetroChina Cut To Neutral
- Risk-Reward Balances Rent-A-Center
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Analyst Interviews: Telecommunications Stock Outlook
- AutoNation Remains Neutral
- Sprint To Enhance Corp. Service
- Sprint To Enhance Corp. Service
- Walmart Re-zones In Milwaukee
- Bank Of Sierra Leone Holds Monetary Policy Rate At 23%
- Forex – EUR/USD Down Toward The End Of U.S. Session
- U.S. Markets Close Lower; Dow Jones Down 0.96%
- Joy Global Buys Rowan’s LeTourneau
- Joy Global Buys Rowan’s LeTourneau
- Reserve Oil To Ease Prices?
- Reserve Oil To Ease Prices?
- Statoil Ventures Subsea Compression
- Statoil Ventures Subsea Compression
- Aflac Incurs Loss On Shedding Debt
- Aflac Incurs Loss On Shedding Debt
- Molson, Cobra Tap Asia
- Accenture Beats, Guides Favorably
- Accenture Beats, Guides Favorably
- Celanese Starts VAE’s Production
- M&T Bank Reaffirmed At Neutral
- FDA Panel Backs Shire’s Firazyr
- FDA Panel Backs Shire’s Firazyr
- Forex – GBP/USD Down During The U.S. Session
- Rating Action On StanCorp
- Rating Action On StanCorp
- Durable Goods Orders Up In May
- Deere Fights For GPS
- Molson, Cobra Tap Asia
- Forex – USD/CAD Up In U.S. Trade
- Website Problems Continue For 2012 London Olympics Ticket Hopefuls
- Forex – EUR/USD Down In U.S. Trading Hours
- The Death Of Common Sense
- Options Strategist Portends Sharp Rally In St. Jude Medical
- The Malleable Market For Global Aluminum
| Triple Index EMA Compression Levels To Watch Next Week Posted: 24 Jun 2011 04:23 PM PDT Well this is certainty a very interesting predicament – the Daily Charts of the three major US Equity Indexes are all showing EMA compression. Cutting right to the chase, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Medtronic To Pay Higher Dividend Posted: 24 Jun 2011 03:55 PM PDT Recently, Medtronic's (NYSE:MDT) Board approved a hike in the company's quarterly dividend to 24.25 cents per share from the current payout of 22.50 cents. This will result in an 8% increase in the company's annual dividend to 97 cents. The revised dividend is payable on July 29, 2011, to shareholders of record as of July 8.
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| Posted: 24 Jun 2011 03:55 PM PDT Lockheed Martin Corporation (NYSE:LMT) said it has received a $13 million two-year contract from the Defense Advanced Research Projects Agency (DARPA) to develop an automated system for intelligence analysts.
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| Pebblebrook Invests In Manhattan Posted: 24 Jun 2011 03:55 PM PDT Pebblebrook Hotel Trust (PEB) recently invested $152.0 million for a 49.0% stake in a joint venture that owns six luxury hotels in Manhattan with affiliates of the Denihan Hospitality Group.
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| Posted: 24 Jun 2011 03:55 PM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has signed an agreement with Silk Way Airlines LLC to open a Sheraton hotel in Azerbaijan. This marks Starwood's debut in that country. Starwood plans to open more than 60 Sheraton hotels around the world over the next three years.
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| Label Update For AMAG’s Feraheme Posted: 24 Jun 2011 03:35 PM PDT AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) recently announced a label update for its lead drug Feraheme. Feraheme is an injectable drug for intravenous use as an iron replacement therapy for the treatment of iron deficiency anemia (IDA) in adult patients suffering from chronic kidney disease (CKD).
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| Posted: 24 Jun 2011 03:35 PM PDT Despite TECO Energy Inc. (NYSE:TE) missing our expectation for both the top and bottom lines in the most recent quarter, we reiterate our Neutral recommendation for TECO shares as we believe the long-term fundamentals of the company remain sound helped by a reviving Florida economy.
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| Hot Option Plays: Take The Market’s Pulse Using The 200-Day Posted: 24 Jun 2011 03:17 PM PDT Cusick’s Corner
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| Posted: 24 Jun 2011 03:10 PM PDT Calgon Carbon Corporation (NYSE:CCC) has won two new contracts to supply Sentinel Ultraviolet (UV) Disinfection Systems at drinking water production plants in the cities of Indianapolis and Fort Wayne, Indiana.
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| Monetary Policy Week In Review – 25 June 2011 Posted: 24 Jun 2011 03:08 PM PDT The past week in monetary policy saw interest rate decisions from 9 central banks around the world. Of those reviewing policy settings, only Uruguay adjusted its interest rate, +50bps to 8.00%. The other 8 banks held their interest rates unchanged, those were: Hungary 6.00%, the US 0.25%, Namibia 6.00%, Norway 2.25%, Hong Kong 0.50%, Turkey 6.25%, Czech Republic 0.75%, and Sierra Leone 23.00%. Also of note was the US FOMC statement which referred to the completion of QEII (the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Education Realty Hikes Dividend Posted: 24 Jun 2011 03:05 PM PDT Education Realty Trust, Inc. (EDR) recently hiked its quarterly cash dividend by 2 cents to 7 cents per share. This translates into a massive 40% increase from the prior dividend. The increased dividend will be paid on August 16, 2011, to stockholders of record as on June 29, 2011. This takes the annual dividend yield as of June 23, 2011, to 3.4%.
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| Posted: 24 Jun 2011 03:05 PM PDT Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, recently announced its financial guidance for the period 2011-2015.
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| Posted: 24 Jun 2011 03:05 PM PDT In an effort to recoup over $1 million paid in personal injury protection benefits, Allstate Corp. (NYSE:ALL) has filed a lawsuit against 10 New York area defendants.
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| Exxon Builds Australian Terminal Posted: 24 Jun 2011 03:05 PM PDT A subsidiary of ExxonMobil Corp. (NYSE:XOM) plans to initiate the construction of a new 9 million liter diesel fuel tank at the Birkenhead fuel terminal in Adelaide, Australia.
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| Telesp Upgraded On Vivo Merger Posted: 24 Jun 2011 02:37 PM PDT We are upgrading our long-term recommendation on Telecomunicacoes de Sao Paulo S.A.-Telesp (NYSE:VIV) to Outperform from Neutral following its merger with the mobile phone service provider Vivo Participacoes. The stock retains a Zacks #1 (Strong Buy) Rank for the short term.
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| Nuclear Energy And Uranium Stocks Poised To Rebound Posted: 24 Jun 2011 02:31 PM PDT A significant base may be forming in uranium stocks — seen in the Global X Uranium ETF (URA) — as Japan's troubled nuclear energy industry passed its first major vote since the Fukushima tragedy. Many of the stocks that make up this ETF are down more than 40% such as Uranium Resources (NASDAQ:URRE) and Uranium Energy Corporation (UEC). But positive news is beginning to reemerge after three months of naysaying. Fukushima is proving nuclear is here to stay.
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| Posted: 24 Jun 2011 02:25 PM PDT Fluor Corporation (NYSE:FLR) has won a contract from The Dow Chemical Company (NYSE:DOW) for providing basic engineering and design services on its propane dehydrogenation ('PDH') expansion project in Freeport, Texas. The contract value is yet to be disclosed and is expected to be made in the second quarter of 2011.
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| Mobile Operators Revise Data Plans Posted: 24 Jun 2011 02:25 PM PDT The demand for smartphones is currently on the rise, leading to a growing requirement for wireless data services. Data usage has more than doubled over the last three years.
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| Apache Secures Exploration Rights Posted: 24 Jun 2011 02:25 PM PDT As per market sources, Apache Corporation (NYSE:APA) has won oil and gas exploration rights in the vast acreage of Alaska’s Cook Inlet. The company was the sole bidder for the three-lease package offered by the Alaska Division of Oil and Gas. Apache submitted the bid at $613,690, or $70 per acre.
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| Posted: 24 Jun 2011 02:25 PM PDT Being a leader in natural food and personal care products categories with an extensive portfolio of well-known brands, The Hain Celestial Group Inc. (NASDAQ:HAIN) offers investors one of the strongest growth profiles in the industry. The stock is poised to rise as the economy gradually revives and demand for healthier and natural food improves.
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| Forex – EUR/USD Down At The End Of U.S. Session Posted: 24 Jun 2011 02:10 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4189, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday’s low, and resistance at 1.4442, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stevie Award For Luminex MAGPIX Posted: 24 Jun 2011 02:05 PM PDT Luminex Corporation (NASDAQ:LMNX), a developer of biological testing technologies, has clinched two American Business Awards ("Stevie Awards") for its flagship MAGPIX analytical instrument. The Stevie Awards were created to honor organizations of all types and sizes and business people in recognition of their positive contributions and achievements in the workplace globally.
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| Posted: 24 Jun 2011 02:05 PM PDT Medical devices major St. Jude Medical (NYSE:STJ) presented encouraging results from a large-scale clinical study evaluating the effectiveness of an implantable device developed by the company in treating chronic migraine, a condition afflicting millions globally.
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| Nordstrom’s New Credit Facility Posted: 24 Jun 2011 02:05 PM PDT One of the leading fashion specialty retailers in the U.S., Nordstrom Inc. (NYSE:JWN) has entered into a new five-year unsecured revolving credit agreement with a consortium of world’s leading investment bankers for optimizing its capital structure.
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| Forex – GBP/USD Down At The End Of U.S. Session Posted: 24 Jun 2011 02:05 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> GBP/USD was trading at 1.5958, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Thursday’s low, and resistance at 1.6262, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Closing Bell Market Monitor: GOOG, SUG, MU Posted: 24 Jun 2011 02:00 PM PDT 06/24/11 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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| Forex – USD/JPY Down At The End Of U.S. Session Posted: 24 Jun 2011 02:00 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/JPY was trading at 80.43, down 0.10% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday’s low, and resistance at 80.79, Thursday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Uruguay Central Bank Increases Interest Rate 50bps To 8.00% Posted: 24 Jun 2011 01:44 PM PDT The Banco Central del Uruguay increased its benchmark interest rate by 50 basis points to 8.00% from 7.50% previously. The Bank said: “This decision is necessary to promote a convergence of inflation and expectations with the target range, a process that will contribute to giving more solid fundamentals to the growth and competitiveness of the Uruguayan economy,”. Previously the Bank raised reserve requirements for banks on peso deposits by 300 basis points to 15% and 300 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Huntington Bancshares Upgraded Posted: 24 Jun 2011 01:40 PM PDT We have upgraded our recommendation on Huntington Bancshares Inc. (NASDAQ:HBAN) to Neutral from Underperform on the back of fundamentals, better-than-expected first quarter 2011 results, current economic environment and the recent credit trends.
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| Posted: 24 Jun 2011 01:40 PM PDT We have downgraded PetroChina Co. Ltd. (NYSE:PTR) ADRs to Neutral from Outperform, particularly driven by the high-priced gas imports in the face of low domestic gas sale prices.
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| Risk-Reward Balances Rent-A-Center Posted: 24 Jun 2011 01:40 PM PDT Rent-A-Center Inc. (NASDAQ:RCII) is one of the largest rent-to-own operators in the U.S. and leverages an extensive network of about 3,000 stores to effectively penetrate its target markets, and gain an advantage over its competitors, such as Aaron's Inc. (AAN), and Advance America.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 24 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/JPY was trading at 80.48, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday’s low, and resistance at 80.79, Thursday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Analyst Interviews: Telecommunications Stock Outlook Posted: 24 Jun 2011 01:35 PM PDT Telecommunications is one of the very few industries that witnessed massive technological improvement during the recession. An unprecedented growth of high-speed mobile Internet traffic, particularly for wireless data and video, has transformed this industry into the most evolving, inventive and keenly contested industry. The telecommunications industry is identified as a major driver of the global economic recovery. The world economy is currently going through a recovery phase. The momentum … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 24 Jun 2011 01:35 PM PDT We reiterate our Neutral recommendation on AutoNation Inc. (NYSE:AN), which is the largest automotive retailer in the U.S. and almost twice the size of its nearest competitor. The company sells 31 different brands of new vehicles, its core brands being Ford Motor Co. (NYSE:F), General Motors Company (NYSE:GM), Chrysler, Toyota Motor Corp. (NYSE:TM), Nissan Motor Co. Ltd. (NASDAQ:NSANY), Honda Motor Co. Ltd. (NYSE:HMC) and BMW.
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| Sprint To Enhance Corp. Service Posted: 24 Jun 2011 01:35 PM PDT Sprint Nextel Corp. (NYSE:S) will offer its corporate clients the Managed Telepresence services of Indian telecom giant, Tata Communications Limited (NYSE:TCL). Financial details of the recent contract with Tata were not disclosed.
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| Sprint To Enhance Corp. Service Posted: 24 Jun 2011 01:35 PM PDT Sprint Nextel Corp. (NYSE:S) will offer its corporate clients the Managed Telepresence services of Indian telecom giant, Tata Communications Limited (NYSE:TCL). Financial details of the recent contract with Tata were not disclosed.
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| Posted: 24 Jun 2011 01:35 PM PDT Retail giant Wal-Mart Stores Inc. (NYSE:WMT) has received re-zoning approval from the Village Board to construct a supermarket store on the former U.S. Bowling Congress office across Southridge Mall in Greendale.
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| Bank Of Sierra Leone Holds Monetary Policy Rate At 23% Posted: 24 Jun 2011 01:34 PM PDT The Bank of Sierra Leone held its monetary policy rate unchanged at 23%, but increased the standing facility rate by 200 basis points to 30% from 28%. The reverse repo rate was announced as 25%, and the rediscount rate at 27%. The Bank said: ”The underlying challenges remain containing the increase in consumer price inflation recently driven by food and fuel price increases,”… “recent improvements in the fiscal position underscore the need to maintain a neutral … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 24 Jun 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4181, down 0.53% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday’s low, and resistance at 1.4442, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Markets Close Lower; Dow Jones Down 0.96% Posted: 24 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.96%, the S&P 500 index shed 1.17%, while the Nasdaq 100 index declined 1.68%.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a seasonally adjusted 0.6% last month from -0.4% 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
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| Joy Global Buys Rowan’s LeTourneau Posted: 24 Jun 2011 01:05 PM PDT Mining equipment maker Joy Global Inc. (NASDAQ:JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (NYSE:RDC) for $1.1 billion in cash. The company had agreed to buy Rowan's LeTourneau assets in May 2011.
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| Joy Global Buys Rowan’s LeTourneau Posted: 24 Jun 2011 01:05 PM PDT Mining equipment maker Joy Global Inc. (NASDAQ:JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (NYSE:RDC) for $1.1 billion in cash. The company had agreed to buy Rowan's LeTourneau assets in May 2011.
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| Posted: 24 Jun 2011 01:05 PM PDT In a surprise move, U.S. and its allies in the Paris-based International Energy Agency ("IEA") – the energy-monitoring body of 28 industrialized countries – have announced the release of 60 million barrels of emergency crude supplies from government-held strategic reserves into the world market over the next 30 days.
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| Posted: 24 Jun 2011 01:05 PM PDT In a surprise move, U.S. and its allies in the Paris-based International Energy Agency ("IEA") – the energy-monitoring body of 28 industrialized countries – have announced the release of 60 million barrels of emergency crude supplies from government-held strategic reserves into the world market over the next 30 days.
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| Statoil Ventures Subsea Compression Posted: 24 Jun 2011 01:05 PM PDT Statoil ASA (NYSE:STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement, construction and installation contract.
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| Statoil Ventures Subsea Compression Posted: 24 Jun 2011 01:05 PM PDT Statoil ASA (NYSE:STO) has awarded a contract to Aker Solutions for subsea compression topside modifications on the Statoil-operated Asgard A and B platforms in the North Sea. The contract is worth NOK 650 million ($116.7 million). This deal is classified as an engineering, procurement, construction and installation contract.
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| Aflac Incurs Loss On Shedding Debt Posted: 24 Jun 2011 01:05 PM PDT Yesterday, Aflac Inc. (NYSE:AFL) filed a statement disclosing impairment and investment losses of about $610 million to be incurred in the second quarter of 2011.
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| Aflac Incurs Loss On Shedding Debt Posted: 24 Jun 2011 01:05 PM PDT Yesterday, Aflac Inc. (NYSE:AFL) filed a statement disclosing impairment and investment losses of about $610 million to be incurred in the second quarter of 2011.
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| Posted: 24 Jun 2011 12:55 PM PDT Molson Coors Brewing Co. (NYSE:TAP) announced that it has joined with Cobra India to form a company called Molson Coors Cobra India, to brew and market Cobra beer in South Asia including India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. The joint venture will be headquartered in Mumbai.
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| Accenture Beats, Guides Favorably Posted: 24 Jun 2011 12:55 PM PDT Accenture plc (NYSE:ACN) reported third quarter 2011 earnings per share (EPS) of 93 cents, beating the Zacks Consensus Estimate of 89 cents. Earnings increased 25.0% from the year-ago quarter, attributable to higher revenues and margins, lower share count and tax rate as well as favorable foreign-exchange rates. Shares jumped 3.07% in after-hour trade.
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| Accenture Beats, Guides Favorably Posted: 24 Jun 2011 12:55 PM PDT Accenture plc (NYSE:ACN) reported third quarter 2011 earnings per share (EPS) of 93 cents, beating the Zacks Consensus Estimate of 89 cents. Earnings increased 25.0% from the year-ago quarter, attributable to higher revenues and margins, lower share count and tax rate as well as favorable foreign-exchange rates. Shares jumped 3.07% in after-hour trade.
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| Celanese Starts VAE’s Production Posted: 24 Jun 2011 12:55 PM PDT Celanese Corporation (NYSE:CE) started production in its expanded vinyl acetate/ethylene (VAE) unit located at Nanjing Chemical Industrial Park in China.
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| M&T Bank Reaffirmed At Neutral Posted: 24 Jun 2011 12:55 PM PDT We have reiterated our Neutral recommendation on the shares of M&T Bank Corporation (NYSE:MTB) on the back of a detailed analysis of its fundamentals, the completion of the of the acquisition of Wilmington Trust Corporation in May, the subsequent partial repay of the TARP dues and the current economic environment.
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| FDA Panel Backs Shire’s Firazyr Posted: 24 Jun 2011 12:55 PM PDT Recently, the Pulmonary-Allergy Drugs Advisory Committee of the US Food and Drug Administration (FDA) issued a positive opinion and recommended the US approval of Shire's (NASDAQ:SHPGY) Firazyr (icatibant).
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| FDA Panel Backs Shire’s Firazyr Posted: 24 Jun 2011 12:55 PM PDT Recently, the Pulmonary-Allergy Drugs Advisory Committee of the US Food and Drug Administration (FDA) issued a positive opinion and recommended the US approval of Shire's (NASDAQ:SHPGY) Firazyr (icatibant).
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| Forex – GBP/USD Down During The U.S. Session Posted: 24 Jun 2011 12:45 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> GBP/USD was trading at 1.5970, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Thursday’s low, and resistance at 1.6262, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 24 Jun 2011 12:35 PM PDT A.M. Best has affirmed the issuer credit rating (ICR) of "bbb+" and debt ratings of "bbb+" on $250 million 6.875% senior unsecured notes, due 2012 and "bbb-" on $300 million 6.900% junior subordinated debentures, due 2067 of StanCorp Financial Group (NYSE:SFG). However, the rating agency has downgraded the outlook to negative from stable.
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| Posted: 24 Jun 2011 12:35 PM PDT A.M. Best has affirmed the issuer credit rating (ICR) of "bbb+" and debt ratings of "bbb+" on $250 million 6.875% senior unsecured notes, due 2012 and "bbb-" on $300 million 6.900% junior subordinated debentures, due 2067 of StanCorp Financial Group (NYSE:SFG). However, the rating agency has downgraded the outlook to negative from stable.
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| Durable Goods Orders Up In May Posted: 24 Jun 2011 12:35 PM PDT New Orders for Durable Goods rose 1.9% in May. That was above consensus expectations of an increase of 1.5%. In addition, the April numbers were revised upwards. It was first reported as a decrease of 3.6%, but now they say new orders fell "just" 2.7%. Durable goods orders are a volatile series, and it is not uncommon for a big gain in one month to be followed by a decline the next. Still, these numbers are good news. Part of the story was the extremely volatile Transportation Equipment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 24 Jun 2011 12:35 PM PDT Deere & Company (NYSE:DE), a member of the Coalition to Save Our GPS, released a report stating that a proposal under consideration by the U.S. Federal Communications Commission (FCC) will jeopardize the use of the Global Positioning System (GPS) in agriculture and construction equipment. If the proposal is approved, the company estimates that it will have a direct negative impact on the U.S. economy of $96 billion, tantamount to 0.7% of the U.S. economy.
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| Posted: 24 Jun 2011 12:35 PM PDT Molson Coors Brewing Co. (NYSE:TAP) announced that it has joined with Cobra India to form a company called Molson Coors Cobra India, to brew and market Cobra beer in South Asia including India, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka. The joint venture will be headquartered in Mumbai.
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| Forex – USD/CAD Up In U.S. Trade Posted: 24 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> USD/CAD was trading at 0.9881, up 0.93% at time of writing.<br/><br/> The pair was likely to find support at 0.9702, Wednesday’s low, and resistance at 0.9884, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Website Problems Continue For 2012 London Olympics Ticket Hopefuls Posted: 24 Jun 2011 12:00 PM PDT 06/24/11 The second round of ticket sales for the London 2012 Olympic games have once again stirred up a bit of controversy as the website selling tickets was running very … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 24 Jun 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Core Durable Goods Orders.<br/><br/> EUR/USD was trading at 1.4174, down 0.58% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday’s low, and resistance at 1.4442, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core durable goods orders rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 24 Jun 2011 11:35 AM PDT I borrowed my title from a great book by Phillip Howard. In it, he gives many telling examples of outcomes that don't make sense because the powers that be keep trying to make rules and laws impervious to human interpretation and implementation. They don't trust people to apply common sense so that try to make it unnecessary by writing the rules so detailed as to cover all circumstances.
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| Options Strategist Portends Sharp Rally In St. Jude Medical Posted: 24 Jun 2011 10:51 AM PDT Options strategist portends sharp rally in St. Jude Medical
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| The Malleable Market For Global Aluminum Posted: 23 Jun 2011 10:00 PM PDT Last week's Investor Alert highlighted a Macquarie Research chart showing a recent notable upswing in aluminum production around the world. Following a huge dip in output in China and worldwide throughout 2009, China once again surpassed the rest of the world in producing the most aluminum.
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