Friday, June 24, 2011

DailyMarkets.com - WM Completes A Year Of Green Energy

DailyMarkets.com - WM Completes A Year Of Green Energy


WM Completes A Year Of Green Energy

Posted: 24 Jun 2011 09:55 AM PDT

The leading provider of comprehensive waste management services in North America Waste Management Inc. (NYSE:WM) recently completed a year of supplying renewable energy to the communities of McMinnville, Oregon, and Seattle, Washington. The energy is generated from the garbage collected in these areas at the company's landfills.
The energy generation program also known as “circles of sustainability” is the part of the company's efforts to extract energy from ordinary garbage and transform it … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Berkshire Cuts Wesco Offer

Posted: 24 Jun 2011 09:35 AM PDT

Yesterday, Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc. (WSC) at $385.00 per share in cash. This is the third time that the price has been adjusted.
In February 2011, Buffet had formally entered into a binding agreement to acquire19.9% of Wesco. In September last year, Buffet had announced the intention to acquire Wesco, of which Berkshirealready owns 80.1%.
At the time of entering into the formal agreement in February, Buffet pegged the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Regions Restructures Three Units

Posted: 24 Jun 2011 09:35 AM PDT

Yesterday, Regions Financial Corp. (NYSE:RF) announced the merger of its three units into a single wealth management group.  The company reorganized its businesses following the plan of selling off its scandal-hit brokerage unit Morgan Keegan.
Alabama-based Regions pooled its trust, insurance and private banking units into one group, which would look after affluent clients. The combined unit will help in gaining profitable customers, which in turn, will raise fee income.
The new business line … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Hercules Renews Credit Facility

Posted: 24 Jun 2011 09:35 AM PDT

Hercules Technology Growth Capital Inc. (NASDAQ:HTGC) announced the completion of its renewal of $300 million credit facility. The company's credit facility has a commitment of $75 million through Wells Fargo Capital Finance, LLC (WFCF), a division of Wells Fargo & Company (NYSE:WFC).
Hercules stated that the credit facility has an accordion characteristic wherein the company can increase the credit line up to $300 million that would be funded by other lenders who might join the facility. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Financial Lessons From An African Dictator

Posted: 24 Jun 2011 09:16 AM PDT

Financial Lessons from an African Dictator
by Rich Checkan, Investment U Contributor
Friday, June 24, 2011: Issue #1542
[Editor's Note: Richard Checkan is one of the smartest investment minds I know. The Vice President of Asset Strategies International, Rich has often contributed unique moneymaking insights to Investment U. His specialty: building wealth using gold, silver and other hard assets. Today's piece is one of his most provocative... and potentially valuable. ~ Garrett Baldwin]
Core … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


With Oil Falling, Now’s The Time To Strike

Posted: 24 Jun 2011 09:10 AM PDT

by Matthew Carr, Investment U Research
Friday, June 24, 2011
What a rough month for oil…
Oil was already on a slide – down 16 percent in two weeks. Then the International Energy Agency (IEA) announced it's releasing 60 million barrels of oil from its Strategic Petroleum Reserve. On top of Federal Reserve Chairman Ben Bernanke stating that U.S. economic growth is slowing. The two pieces of news stepped up the shelling of crude prices.
West Texas instantly slid four percent. And the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR Remains Under Pressure Despite EU Pledge As Traders Focus On Greek Austerity Vote Next Week And Italian Banks

Posted: 24 Jun 2011 09:09 AM PDT

We continue to have volatility with EUR pairs as trading continues to be dominated by headlines.
We had one positive development on the sovereign debt front in that EU leaders pledged to help Greece if they are able to push through further austerity measures.
From Bloomberg: "European Union leaders vowed to stave off a Greek default as long as Prime Minister George Papandreou pushes through a package of budget cuts next week, pledging to do whatever it takes to stabilize the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HSBC-Madoff Trustee Lawsuit

Posted: 24 Jun 2011 09:05 AM PDT

HSBC Holdings Plc (NYSE:HBC) will have to wait for about a month (July end) for the verdict whether the trustee of Bernard L. Madoff Investment Securities LLC can be allowed to proceed with a $9 billion lawsuit accusing the company of having enabled the huge fraud.
In December last year, a lawsuit was filed against HSBC by the trustee of Madoff Securities, Mr. Irving Picard.  The company was accused of failure to conduct proper due diligence of Madoff Securities hedge fund, for which it was a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down At The End Of European Session

Posted: 24 Jun 2011 09:00 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 1.4188, down 0.48% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;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


Forex – USD/JPY Down Toward The End Of European Session

Posted: 24 Jun 2011 08:40 AM 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 80.34, down 0.22% at time of writing.<br/><br/> The pair was likely to find support at 80.02, Wednesday&rsquo;s low, and resistance at 80.79, Thursday&rsquo;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


Caterpillar Opens New Facility

Posted: 24 Jun 2011 08:35 AM PDT

Caterpillar Logistics Service Inc., a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT), intends to open a new parts distribution center in Spokane, Washington. The company is now the industry’s leading global service parts distributor.
The new facility in Spokane, which forms a part of the company's North American multi-year expansion and enhancement program, will extend to more than half a million square feet, replacing the existing 125,000 square -foot facility. The new facility adds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Pfizer’s Lyrica Holds Promise

Posted: 24 Jun 2011 08:30 AM PDT

Pfizer Inc. (NYSE:PFE) recently presented positive top-line data on its blockbuster drug, Lyrica. Pfizer said that Lyrica met the primary endpoint in a study that was being conducted in patients with chronic central neuropathic pain following traumatic spinal cord injury.
Patients participating in the double-blind, placebo-controlled, parallel group, multi-center study (Study A0081107) were randomized to receive Lyrica or placebo. Initial results showed that Lyrica demonstrated positive efficacy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Entergy Unit Showing The Green Way

Posted: 24 Jun 2011 08:30 AM PDT

Integrated energy company Entergy Corporation (NYSE:ETR) announced that its unit Entergy Louisiana, LLC has sought permission from the Louisiana Public Service Commission for approval to build a new, 550-megawatt (MW) natural gas unit at its existing Ninemile Point plant in Westwego, Louisiana.
Entergy is planning to increase its generation capacity from the Ninemile plant to cater to the increasing demand for electricity in that region. Moreover, the technology used to create the gas turbine … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Down Toward The End Of European Session

Posted: 24 Jun 2011 08:25 AM 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 1.5979, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.5938, Thursday&rsquo;s low, and resistance at 1.6262, Wednesday&rsquo;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


Word From The Floor: US Stocks Down, Tech Losses

Posted: 24 Jun 2011 08:05 AM PDT

06/24/11 The major stock averages opened lower, as the technology sector was weighed down by Micron and Oracle … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The European Session

Posted: 24 Jun 2011 08:00 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 1.4166, down 0.63% at time of writing.<br/><br/> The pair was likely to find support at 1.4127, Thursday&rsquo;s low, and resistance at 1.4442, Wednesday&rsquo;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


German Bunds Bubble As European Stresses Mount

Posted: 24 Jun 2011 07:52 AM PDT

German bunds were inching towards a fresh high ahead of the weekend as concerns remained elevated that Greek Prime Minister faces an insurmountable hurdle next week as he presents a €78 billion austerity package to Parliament, without the passage of which would leave his nation on the brink of default and the first in the short history of the Eurozone area. Bank of England Governor Mervyn King commenting in the central bank's financial stability review warned that throwing money at Greece … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Down In European Trading Hours

Posted: 24 Jun 2011 07:40 AM PDT

Forex Pros – The British Pound was lower against the Japanese Yen on Friday.<br/><br/> GBP/JPY was trading at 128.45, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 128.25, today&rsquo;s low, and resistance at 130.53, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.13% to hit 1.5985 and EUR/GBP falling 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


ConAgra Sees 4Q Net Income More Than Doubled On Higher Food Prices

Posted: 24 Jun 2011 02:00 AM PDT

06/24/11 Higher food prices and an insurance settlement helped ConAgra’s fourth-quarter net income more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 24 Jun 2011 01:15 AM 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


Red Emperor Flotation Offers Strong Leverage Into Range Resources’ Exploration Portfolio

Posted: 24 Jun 2011 02:00 AM PDT

Australian oil and gas company Red Emperor Resources (LON:RMP) has just kicked off trading on London's Alternative Investment Market – offering investors interesting new leverage into the exploration assets behind one of the market's most heavily traded stocks. Red Emperor is a pure play exploration business that holds 20 percent stakes in licenses in the former Soviet state of Georgia and the Puntland region of Somalia. For those investors that have tracked and traded AIM and ASX listed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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