Friday, July 8, 2011

DailyMarkets.com - EDR Divests Non-Core Assets

DailyMarkets.com - EDR Divests Non-Core Assets

EDR Divests Non-Core Assets

Posted: 08 Jul 2011 12:02 PM PDT

Education Realty Trust Inc. (NYSE:EDR), a real estate investment trust (REIT) that owns, develops, and operates collegiate housing properties across the U.S., has recently sold two non-core assets for total net cash proceeds of $27.8 million. The asset sale was part of the long-term strategy of the company to generate cash for working capital needs by liquidating non-strategic assets.
The company sold Clayton Place – an 854-bed apartment community serving Clayton College and State University in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aria Health Selects Allscripts

Posted: 08 Jul 2011 12:02 PM PDT

Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) was selected by Aria for its Allscripts Community Record, powered by dbMotion, to provide end-to-end connectivity in the health system and the concerned communities. 
Aria Health, with 477 beds, is the largest healthcare provider in Northeast Philadelphia and Lower Bucks County. It has three community hospitals and a robust network of outpatient clinics and primary care doctors.
The Allscripts package/solution provides over 700 affiliated and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pfizer Makes Milestone Payment

Posted: 08 Jul 2011 11:35 AM PDT

Pfizer, Inc. (NYSE:PFE) recently made a $20 million milestone payment to Acura Pharmaceuticals, Inc. (NASDAQ:ACUR) based on the US Food and Drug Administration’s (FDA) approval of Pfizer’s new drug application (NDA) for Oxecta. Oxecta (formerly known as Acurox) is approved for the management of acute and chronic moderate to severe pain where the use of an opioid analgesic is appropriate. Acura could receive an additional $3 million on the achievement of certain non-US regulatory milestones for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MarkWest Taps Into Equity Market

Posted: 08 Jul 2011 11:35 AM PDT

Pipeline operator MarkWest Energy Partners L.P. (MWE) has commenced an underwritten public offering of 3,200,000 common units representing limited partner interests.
The gathering and processing master limited partnership (MLP) also intends to provide the underwriters with a 30-day option to purchase up to 480,000 additional common units to cover over-allotments, if any.
MarkWest plans to use the net proceeds from this offering to pay back the outstanding debt under its revolving credit … [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 Jul 2011 11:15 AM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> AUD/USD was trading at 1.0737, down 0.36% at time of writing.<br/><br/> The pair was likely to find support at 1.0656, Wednesday&rsquo;s low, and resistance at 1.0788, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What About “Affirmative Action Grading”?

Posted: 08 Jul 2011 11:03 AM PDT

In many states, it’s acceptable, legal and even desirable (according to many) for publicly-funded universities to engage in state-sponsored racial discrimination by applying double standards  and special preferences for certain minority groups when considering students for: a) admission to the university, and b) scholarship funding once accepted, i.e. practice “affirmative action.”

Q1: If affirmative action is acceptable, legal and desirable for admissions and scholarship funding when … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Slowdown Looks Entrenched

Posted: 08 Jul 2011 11:01 AM PDT

How much of a disappointment was Friday morning's BLS Non-Farm Payrolls report? Yes, 18,000 new jobs is still a positive number. But Thursday's much-better-than-expected ADP report set us up for a letdown today. Here's the way I described the situation on Thursday evening in a note to a group of our portfolio subscribers:

"A strong day for the broad market was just what the doctor ordered to shake off all this sovereign debt malaise, right? It’s nice to see the S&P 500 above 1,350 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABM Selected By California Court

Posted: 08 Jul 2011 11:01 AM PDT

ABM Engineering, a subsidiary of ABM Industries Inc. (NYSE:ABM) has been chosen by California's Courthouse for rendering its maintenance and management services. Earlier, these services comprising operations and maintenance, facility modifications, engineering services, and other related services, were managed by Administrative Office of the Courts (AOC). It is a four-year multi-million dollar contract, which expands ABM's work with California Courthouse.
ABM will be one of the three service … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABM Selected By California Court

Posted: 08 Jul 2011 11:01 AM PDT

ABM Engineering, a subsidiary of ABM Industries Inc. (NYSE:ABM) has been chosen by California's Courthouse for rendering its maintenance and management services. Earlier, these services comprising operations and maintenance, facility modifications, engineering services, and other related services, were managed by Administrative Office of the Courts (AOC). It is a four-year multi-million dollar contract, which expands ABM's work with California Courthouse.
ABM will be one of the three service … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo Lawsuit Costs $125M

Posted: 08 Jul 2011 10:35 AM PDT

Wells Fargo & Co. (NYSE:WFC) is said to have agreed to settle a mortgage-backed securities case by paying $125 million, according to a Bloomberg report. Investors had alleged Wells Fargo of duping them about risks associated with those mortgage-backed securities.
A lawsuit was brought out against Wells Fargo and several investment banks that underwrote the securities in 2009 by the General Retirement System of Detroit, New Orleans Employees' Retirement System and other public pension … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP-BMW Group Deal Extended

Posted: 08 Jul 2011 10:35 AM PDT

Hewlett-Packard Company (NYSE:HPQ) recently announced its extension of a service deal with the German automobile company, BMW Group. This multi-million dollar deal has been extended for another five years.
Per the agreement terms, HP will provide extensive support services to the networking infrastructure it deployed in the BMW Group's information technology eco system.
In addition to support services, HP will deliver certain E-series switches to BMW. The tech giant's broad-based and reliable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP To Test A Support Cluster Near 0.8845

Posted: 08 Jul 2011 10:25 AM PDT

Prev: EUR/GBP is Bearish, but a Strong Support Cluster Resides Around 0.8845
EUR/GBP

- The EUR/GBP continued to be bearish despite a sharp rally yesterday stemming from the hawkish statements from the ECB and Trichet's conference afterwards.
- However, as we tested 0.90, the market stalled, a a sharp bearish move followed.
- As anticipated we are now nearing the support cluster at 0.8845, but as you can see there is already some minor support at 0.8860, 200SMA.
- The RSI is nearing 30, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Jobs Report…a Disaster, Considering Expectations”

Posted: 08 Jul 2011 10:24 AM PDT

07/08/11 ICAP’s Kenneth Polcari reflects on the June jobs report, and discusses expectations for the Q2 earnings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market Reacts To Unemployment

Posted: 08 Jul 2011 10:17 AM PDT

Cusick’s Corner
The macro picture in the US is not as rosy as the market was picturing. But by no means does this mean that we are in a major trend shift, in fact this is a market that is still in an uptrend. The question is what the Fed will do now that QE is off the table and Washington is still maneuvering on the Debt Ceiling issue. At this stage I am taking on some long deltas in the S&Ps into the After Hours and potentially into the weekend and I also took an opportunity to get a bear … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkley Reiterated At Neutral

Posted: 08 Jul 2011 10:02 AM PDT

We are maintaining our Neutral recommendation on the shares of W.R. Berkley Corp. (NYSE:WRB) in anticipation of the second quarter results.
Last month, Berkley announced its estimated April-May catastrophe losses (cat losses) of $65 million, significantly higher than $35 million projected earlier. The Zacks Consensus estimates Berkley's second quarter earnings at 50 cents per share. We expect second quarter earnings to be adversely affected by higher-than-expected cat losses.
Though the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA Sells Balboa Life To Securian

Posted: 08 Jul 2011 09:55 AM PDT

In yet another effort to remove non-core assets from its balance sheet, Bank of America Corporation (NYSE:BAC) has announced a deal to sell its Balboa Life Insurance Co. (BLIC) and Balboa Life Insurance Co. of New York (BLICNY) to St. Paul, Minnesota-based Securian Financial Group Inc. The acquiring company is a private insurance and retirement planning firm.
BLIC and BLICNY offer mortgage, accidental-death insurance, accidental death and dismemberment coverage and individual term-life insurance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Awful Jobs Report In Depth, Pt. 1

Posted: 08 Jul 2011 09:55 AM PDT

The economy added a total of just 18,000 jobs in June. That is much worse than consensus expectations for a gain of 80,000. This report is particularly disappointing in light of the much stronger ADP report on Thursday.

Expectations were for the BLS to show 110,000 new private sector jobs. The "actual" BLS number of private sector jobs was 57,000. Government payrolls declined by 39,000. Unlike previous months, in June the federal government laid off 14,000 and the State and local levels … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Principal To Take Over Origin

Posted: 08 Jul 2011 09:55 AM PDT

Yesterday, Principal Global Investors, LLC, a unit of Principal Financial Group (NYSE:PFG), announced that it would purchase a 74% stake in London-based Origin Asset Management, LLP.
The acquisition of Origin would strengthen Principal's global equity capability, broaden its product suite, as well as enhance its investment potential in emerging markets and in global small and mid-cap companies that seek high quality investments. Moreover, the company would also benefit from Origin's strong … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 0.92%

Posted: 08 Jul 2011 09:55 AM PDT

Forex Pros – pros – European stocks were down after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.92%, London&rsquo;s FTSE 100 shed 1.06%, France&rsquo;s CAC 40 declined 1.67% and the EURO STOXX 50 was down 1.91%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 18K last month, from 25K in the preceding month whose figure was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canada Generates Surprisingly Strong Job Growth

Posted: 08 Jul 2011 09:54 AM PDT

On a day when the United States licks its economic wounds and the Obama administration struggles to spin the anemic jobs report, we do not need to look far for positive employment news.
Where should we look? Northward, as our friends in Canada are thriving compared to the struggles we are experiencing.
Let's navigate and review the Financial Post's report, Canadian Employment Grows More Than Expected in June,>>>>>

Canada saw more job gains than expected last month, with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tenneco Inc. Remains Neutral

Posted: 08 Jul 2011 09:35 AM PDT

We reiterate our Neutral recommendation on Tenneco Inc. (NYSE:TEN), which is a leading manufacturer and supplier of emission control, ride control systems, and systems for the automotive original equipment manufacturers (OEMs) and the aftermarket.
Tenneco Inc. released its 2011 first quarter results on May 03, 2011. The company reported a profit of $39 million or 63 cents per share in the quarter, almost doubling from $15 million or 25 cents per share in the same quarter of 2010, driven by higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive And Inverse Positive Divergences

Posted: 08 Jul 2011 09:35 AM PDT

To begin, I credit Monty’s post with giving me the idea for this discussion. Thank you, Monty.

Positive divergences and inverse positive divergences.

We all know about positive divergences. They occur when price makes a lower low but the underlying momentum indicator, such as the True Strength Index (TSI) or Relative Strength Index (RSI) or Rate of Change (ROC) , does not agree with price movement – as it simultaneously makes a higher low.

This disagreement of price strength and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD 100 Day MA Approached At 1.4269

Posted: 08 Jul 2011 09:08 AM PDT

Forex – Dollar Mixed On Jobless Numbers

Posted: 08 Jul 2011 09:03 AM PDT

Forex Pros – pros – The U.S. dollar was mixed against its major counterparts Friday following the release of disappointing data on unemployment and the negative implications for a turnaround in the U.S. economy.<br /><br />During U.S. morning trade the greenback was up against the euro with EUR/USD dropping 0.97% to hit 1.4223.<br /><br />In figures released Friday by the U.S. Bureau of Labor Statistics nonfarm payrolls gained only 18,000 in June, far below the 100,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apache Hits Record At Forties

Posted: 08 Jul 2011 09:01 AM PDT

Apache Corporation (NYSE:APA) announced that its development wells in the Forties field have started production at a record rate, reaping benefits from the advanced seismic technology that was applied to enhance output.
As per the company, the Charlie 4-3 well's initial production (IP) rate of 12,567 barrels of oil per day (Bbl/d) is the highest in the Forties since 1990. Prior to this, Charlie 2-2, completed in March, witnessed an IP rate of 11,876 Bbl/d. The other well, Delta 3-5, commenced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accuray Presents Promising Data

Posted: 08 Jul 2011 09:01 AM PDT

Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) has presented encouraging new clinical data highlighting the benefits of its popular CyberKnife radiosurgery system and its recently acquired TomoTherapy radiation therapy system in treating a vast continuum of lung cancer patients.
The data was presented at the World Conference on Lung Cancer ("WCLC"), which took place in Amsterdam, The Netherlands, between July 3 and 7, 2011. WCLC, hosted by the International Association for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stryker Wraps Up Memometal Buy

Posted: 08 Jul 2011 09:01 AM PDT

Orthopedic devices giant Stryker Corp (NYSE:SYK) has completed the acquisition of France-based privately-held extremity devices maker Memometal Technologies S.A. for $150 million in cash. The deal, which was announced on June 6, 2011, also involves an additional payment of $12 million contingent upon meeting specific milestones.
Memometal makes products for extremity indications with annual sales of roughly $30 million. The entity is strengthening its foothold in the rapidly growing global … [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: 08 Jul 2011 09:00 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4250, down 0.79% at time of writing.<br/><br/> The pair was likely to find support at 1.4207, today&rsquo;s low, and resistance at 1.4567, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 18K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Drop Traverses Bullish Channel

Posted: 08 Jul 2011 08:55 AM PDT

USD/JPY (4-hour chart) as of Friday (7/08/2011) has been moving in a general consolidation framed by a slightly bullish channel. On the heels of the Non-Farm Payrolls report, price action dropped from the very top of this channel down to approach the very bottom before making a slight bounce. This drop occurs after price action was unable to sustain an upside breakout above a key bearish resistance trendline. In the event that bearish price action resumes with a breakdown below the current … [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: 08 Jul 2011 08:40 AM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 80.66, down 0.72% at time of writing.<br/><br/> The pair was likely to find support at 80.51, today&rsquo;s low, and resistance at 81.48, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Praxair Signs Hydrogen Supply Deal

Posted: 08 Jul 2011 08:35 AM PDT

Praxair Inc. (NYSE:PX) recently signed a multi-year contract to provide high-purity hydrogen to Hemlock Semiconductor, L.L.C. The financial terms of the transaction were not disclosed.
Hemlock Semiconductor provides high-purity polycrystalline silicon and chlorosilanes for semiconductor and solar ingot/wafer manufacturers.
Under the contract, the company will construct and operate an on-site hydrogen generating facility and also undertake to supply liquid hydrogen to Hemlock Semiconductor's $1.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AT&T Enhances Broadband Service

Posted: 08 Jul 2011 08:35 AM PDT

AT&T Inc. (NYSE:T) announced that it has added new frequency layers to 12 cell sites of the Sarasota-Bradenton wireless network in South Tampa, Florida to enhance mobile broadband service.
Since early 2011, AT&T has been adding capacity to over 20 cell sites including Bradenton, Sarasota, Osprey and North Port. In Tampa, Florida, the company has upgraded about 130 cell sites and activated five new ones.  AT&T has already invested over $80 million in this region from 2008 to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Jul 2011 08:25 AM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6018, up 0.29% at time of writing.<br/><br/> The pair was likely to find support at 1.5932, today&rsquo;s low, and resistance at 1.6140, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Continues Fall In Volatile Trade As London Looks To Exit

Posted: 08 Jul 2011 08:14 AM PDT

The EURUSD has continued the fall after moving through the 1.4269 level (100 day MA a second time). The first time through bottomed at the 1.4256 level – rebounded to 1.4284 then fell again. The break below the 1.4269 level a second time was not met with dip buyers but found selling intensify.  The price continued through the 1.4246 level which is the 61.8% of the move up from the May low to the June high. A move above this level is now needed to change the bias.  The low for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Finds Support At The 80.50 Area. Keep An Eye On The Level.

Posted: 08 Jul 2011 08:07 AM PDT

Word From The Floor: Wall Street Slides On Jobs Data

Posted: 08 Jul 2011 08:02 AM PDT

07/08/11 US stocks declined on the disappointing employment report. NFP climbed just 18K, while the unemployment rate rose to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monster Employment Index Reaches 2.5 Year High

Posted: 08 Jul 2011 08:01 AM PDT

Today’s employment report from the BLS was pretty bleak, with only 57,000 new private sector jobs added in June, bringing the unemployment rate up to 9.2% last month, the highest level since last December’s 9.4% rate.  

The labor market news from today’s Monster Employment report on online job demand and recruitment activity for June was a little more upbeat, with the Monster Employment Index increasing to the highest level since October 2008 (see chart above).  Other highlights … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 08 Jul 2011 08:00 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4258, down 0.73% at time of writing.<br/><br/> The pair was likely to find support at 1.4207, today&rsquo;s low, and resistance at 1.4567, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally adjusted 18K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours

Posted: 08 Jul 2011 07:40 AM PDT

Forex Pros – pros – The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/JPY was trading at 129.53, down 0.18% at time of writing.<br/><br/> The pair was likely to find support at 128.95, today&rsquo;s low, and resistance at 130.85, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Breaks Below The 1.4273-77 Support.

Posted: 08 Jul 2011 07:34 AM PDT

…and falls sharply.  The price is also back below the 100 day MA at the 1.4269 level.  The next target support will come in at the 1.4246 which is the 61.8% of the move up from May.  A move back above the 1.4269 level (100 day MA) would need to see momentum buying above the 1.4277 level to satisfy dip buyers.  If so, there should be  a reversal of some of the last decline.  Markets are volatile as London and European fix and close … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Non-farm Payrolls Send Shudder Across Bond Desks

Posted: 08 Jul 2011 07:32 AM PDT

Not only was employment growth during May half as anemic as earlier thought but June was also equally dismal. The biggest question running repeatedly through my mind is exactly how Thursday’s ADP report managed to once again steer everyone in precisely the wrong direction. The official employment report for June was unambiguously bad with private, manufacturing and even government payroll data shockingly ugly. We can take solace in two facts. We can still rely on weekly initial claims data as a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Steep Drop In Crude Prices On Weak Jobs Data

Posted: 08 Jul 2011 02:30 AM PDT

07/08/11 Crude prices were falling this morning on weaker-than-expected jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURO And USD Can Battle It Out For The Ugliest Currency

Posted: 08 Jul 2011 07:24 AM PDT

How bad has this week been?  The situation in the Eurozone was bad. Portugal downgrade, surge in periphery country yields, risk of bank stress test failures to come. In  the US, a shocking employment report, and the budget process likely to get even more heated as the Dems have no power.  So what to do?
The 1.4331 level is the 50% retracement of the move up from the May low to the June high. The price surged above this level  in the first few hours of trading but is now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY: Short-term Double Bottom Failure Can Open Up Larger Double Bottom Scenario

Posted: 08 Jul 2011 07:19 AM PDT

Prev; Short-term Double Bottom in GBP/JPY Suggests Further Bullish Correction Ahead (7/7)
GBP/JPY

- GBP/JPY has failed to sustain the break above a double bottom, although the market did reach
- The resistance zone right above 130.00 proved too strong to crack with the weak bullish attempt, which didn't even push the RSI in the 4H chart above 60.
- A push above 70 in the RSI reading would further suggest a bullish outlook.
- Instead the market fell sharply back into the consolidation and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 08 Jul 2011 01:15 AM PDT

07/08/11 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

British Land Snaps Up 17 Virgin Active Racket Club Properties

Posted: 08 Jul 2011 02:05 AM PDT

British Land (LON:BLND) , the FTSE 100 real estate group, has agreed a deal to buy a portfolio of freehold and leasehold racket clubs from Societe Generale for £179 million. The portfolio consists of 17 premium racket clubs which will be let on new, 25 year leases to Virgin Active pending its acquisition of the Esporta fitness business. The move is a departure from British Land's core retail and London office focus but the company said it was an example of ways in which it could add … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smart Metering Systems Debuts On AIM

Posted: 08 Jul 2011 01:05 AM PDT

Smart Metering Systems (LON:SMS), a company that provides gas infrastructure connection services, gas meter asset management services and is also developing its own smart metering technology, debuted on AIM this morning. The IPO netted the company £10.0 million via a substantially oversubscribed placing of shares priced at 60p each. Proceeds from the placing have been earmarked to fund organic growth through investment in gas meter assets and the group's patent pending ADM smart metering … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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