DailyMarkets.com - EXL Completes Share Offering

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• EXL Completes Share Offering
• Dell Offers IT Services To Hyatt
• Legg Mason Reiterated Neutral
• Medtronic Extends Kyphon Portfolio
• Fortune Brands Splits In Two
• Ball Expands Antenna Center
• S. African Buy To Power VeriFone
• Monetary Policy Week In Review – 2 July 2011
• Milestone For Cardica Microcutter
• Vistaprint Wins Patent Suit
• Superior Industries Downgraded
• AEP Investing In CREZ Projects
• SK Telecom To Roll Out LTE
• Hot Option Plays: Going Into July With A Boom
• Forex – EUR/USD Up At The End Of U.S. Session
• Earnings Preview: Look To Data For Fireworks
• Regal To Replace Credit Facility
• Air Products Lands Contract
• NetApp: Analyst Day Glimpses
• Forex – GBP/USD Up At The End Of U.S. Session
• Closing Bell Market Monitor: GM, DRI, APOL
• Forex – USD/JPY Up At The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Caterpillar To Create Employment
• UNH Spends More On Lobbying
• Endo’s Back Pain Drug Disappoints
• Cognizant Funds IT Program
• Forex – EUR/USD Up Toward The End Of U.S. Session
• U.S. Markets Close Higher; Dow Jones Up 1.36%
• Kinder-Copano Grows In Eagle Ford
• Terreno Purchases Savage Property
• CONSOL Energy Still Neutral
• Shaw Communications Secures Assets
• Rise In Gas Supplies Decelerates
• Marginal Rise In Rite Aid Comps
• Near-Term Bullish On Halliburton
• Jacobs’ New Joint Venture
• American Axle Closing Detroit Plant
• BP Restores Two Texas Units
• Forex – GBP/USD Up During The U.S. Session
• IT Spending Trending Up
• ATVI To Host Call Of Duty Event
• Vivus Seeks Avanafil’s Approval
• Nortel Assets Go To Consortium
• NVO Presents Degludec Data
• Baker Unveils Advanced System
• CNO Financial Buys Back Shares
• Forex – USD/CAD Down In U.S. Trade
• Forex – EUR/USD Up In U.S. Trading Hours

EXL Completes Share Offering Posted: 01 Jul 2011 03:55 PM PDT Excel Trust, Inc. (EXL) recently completed the public offering of 12.5 million shares of its common stock, which was previously announced. Apart from this, it also completed the sale of 1.875 million additional shares of its common stock thereby fully exercising the over allotment option granted to the underwriters. Sold at a price of $10.94 per share, the company received gross proceeds of approximately $157 million. After taking into account the underwriting discount and other expenses … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell Offers IT Services To Hyatt Posted: 01 Jul 2011 03:35 PM PDT Round Rock Texas-based PC maker Dell Inc. (NASDAQ:DELL) recently confirmed an information technology (IT) support deal with Hyatt Corp., an affiliate of Hyatt Hotels Corp. (H). The contract has a tenure of five years, but no financial details of it were disclosed. Under the deal, Dell's Services segment will provide extensive IT services and support to Hyatt, enabling the renowned hospitality service provider to better manage its business and deliver improved services to its boarders. Dell will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Legg Mason Reiterated Neutral Posted: 01 Jul 2011 03:35 PM PDT We maintain our Neutral recommendation on Legg Mason Inc. (NYSE:LM) based on strong fourth-quarter results. However, Legg Mason experienced a decline in its assets under management (AUM) in May on a sequential basis. This was preceded by a slight decline in April, but a modest increase in March AUM. Preliminary May-end AUM came in at $671.0 billion, down 0.1% from $672.0 billion at the end of April. Fixed income and liquidity AUM grew sequentially during the month, while equity AUM plummeted. In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Extends Kyphon Portfolio Posted: 01 Jul 2011 03:35 PM PDT Recently, Medtronic (NYSE:MDT) launched two products to add to the Kyphon Balloon Kyphoplasty procedure (BKP), which is used for treating vertebral compression fractures (VCFs). The products are Kyphon Xpander II Inflatable Bone Tamp (IBT) and the Kyphon Inflation Syringe – the Kyphon Xpander II IBT System. The Kyphon Xpander II IBT System has been in use since November 2010. During the last reported quarter, revenues from BKP declined 9% (5% decline in the third quarter) and were flat on a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fortune Brands Splits In Two Posted: 01 Jul 2011 03:05 PM PDT The leading consumer brands company Fortune Brands Inc. (NYSE:FO) announced that following the spin-off of its Home & Security business, the separated companies will trade under two different symbols as independent entities on the New York Stock Exchange. Post spin-off, the Fortune Brands Home & Security business is proposed to be traded under the symbol 'FBHS' while the spirit business will be rechristened Beam Inc. and will replace the current "FO" symbol with "BEAM". The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ball Expands Antenna Center Posted: 01 Jul 2011 03:05 PM PDT The Aerospace and Technologies wing of Ball Corporation (NYSE:BLL), Ball Aerospace & Technologies Corp. opened its $14.6 million expanded manufacturing center in Westminster, CO. The expansion has been made with the sole objective of increasing productivity which is likely to improve by 20% or more. Almost 28000 square feet of space has been added to the original 160,000-square-foot two-story building, which contains Ball’s antenna and video technologies development and product and test … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S. African Buy To Power VeriFone Posted: 01 Jul 2011 03:05 PM PDT VeriFone Systems, Inc. (NYSE:PAY) recently completed the acquisition of South African based Destiny Electronic Commerce Ltd. Headquartered in Johannesburg with offices in Cape Town and Durban, Destiny Electronic Commerce provides secure payment technologies, services and solutions at the point of sale for Sub-Saharan Africa and the Indian Ocean Islands. With this acquisition, management expects to expand its footprint in South Africa, which has sound growth prospects backed by exceptional … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Policy Week In Review – 2 July 2011 Posted: 01 Jul 2011 02:46 PM PDT Over the past week there were 6 central banks announcing monetary policy decisions.  Only Kenya (+175bps to 8.00%), and Taiwan (12.5bps to 1.875) increased interest rates.  Meanwhile the central banks of Israel (3.25%), Albania (5.25%), Romania (6.25%), and Russia (8.25%) all held monetary policy settings unchanged.  Also of interest in central banking news was the announcement from the BIS [Bank for International Settlements] around increasing capital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Milestone For Cardica Microcutter Posted: 01 Jul 2011 02:35 PM PDT Surgical devices maker Cardica Inc (NASDAQ:CRDC) has reportedly completed the key internal design verification process necessary for applying the European CE Mark to its Microcutter XPRESS 30 surgical cutting and stapling device. Cardica's internal verification process is aimed at meeting all regulatory requirements in the U.S. and Europe. Successful completion of this phase represents a key step in the commercialization of the Microcutter XPRESS 30 device in Europe. The California-based company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vistaprint Wins Patent Suit Posted: 01 Jul 2011 02:35 PM PDT Netherlands-based Vistaprint N.V (NASDAQ:VPRT) recently announced that its Bermuda-based subsidiary Vistaprint Limited has won the pending patent violation lawsuit against its rival ColorQuick LLC. Patent is an exclusive intellectual property right of the inventor, which prevents others from making, using, selling or distributing the patented invention without permission. The case was filed in the U.S. District Court for the Eastern District of Texas in July 2009. After a five-day trial, the judge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Superior Industries Downgraded Posted: 01 Jul 2011 02:35 PM PDT We downgrade our recommendation on Superior Industries International, Inc. (NYSE:SUP) to Neutral from Outperform. Based in Van Nuys, California, Superior Industries is one of the world's largest designers and manufacturers of cast aluminum road wheels for the automotive industry. The company also produces certain accessory items for the automotive aftermarket. Superior Industries released its 2011 first quarter results on May 06, 2011.  The company reported adjusted net income of $11.2 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AEP Investing In CREZ Projects Posted: 01 Jul 2011 02:35 PM PDT Electric Transmission Texas, LLC (''ETT'') – a joint venture between the subsidiaries of American Electric Power Company (NYSE:AEP) and MidAmerican Energy Holdings Company – has entered into master agreements with three construction firms for transmission and infrastructure services associated with the Competitive Renewable Energy Zone (''CREZ'') projects. Electric Transmission Texasplans to invest approximately $1.4 billion in CREZ projects by 2013. These projects were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SK Telecom To Roll Out LTE Posted: 01 Jul 2011 02:35 PM PDT The South Korean telecom giant SK Telecom Corp Ltd (NYSE:SKM) has joined hands with telecom carriers for the commercial deployment of Long Term Evolution (LTE) services, also known as 4G networks. Given the surge in data traffic demand, the company will launch its LTE services in Seoul. SK Telecom has selected Samsung Electronics, LG-Ericsson and Nokia Siemens Networks as the key equipment suppliers for its 4G LTE network. The LTE network allows up to 75 Mbps downlink and 37.5 Mbps uplink speed, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Going Into July With A Boom Posted: 01 Jul 2011 02:18 PM PDT Cusick’s Corner The month of June is behind us and the market is on a very positive course. I do have some skepticism about the market’s move over the last four days because it’s been based on the light volume. I will be watching the volume next week and to see if there isn’t a pullback where those left on cash island cannot jump onto the ship. Personally I have shifted out of my ratio spread on the recent upside move and have some short deltas, with little risk, just in case of a negative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session Posted: 01 Jul 2011 02:10 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4524, up 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Look To Data For Fireworks Posted: 01 Jul 2011 02:05 PM PDT Earnings Preview 7/1/11 Earnings season is over for the first quarter, and we are starting to see the early second quarter firms report, those with May fiscal periods. Its still very light, with a total of just 18 firms are due to report, none of which are from the S&P 500. The firms reporting this week include: AAR Corp (NYSE:AIR), A. Schulman (NASDAQ:SHLM), Greenbriar (NYSE:GBX) and WD-40 (NASDAQ:WDFC). Most of the fireworks will likely be in the sky, not in the earnings reports this week. With few … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regal To Replace Credit Facility Posted: 01 Jul 2011 02:05 PM PDT Regal Beloit Corporation (NYSE:RBC) recently completed its $500 million five-year unsecured revolving credit facility for general corporate purposes. This new facility will replace the previous credit facility of $500 million, which is due to expire in April 2012. Under the previous credit facility, the company had to pay interest on the borrowed amount, based on LIBOR (London Interbank Offered Rate) plus an applicable margin. The margin was derived from the ratio of senior funded debt to EBITDA … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Lands Contract Posted: 01 Jul 2011 02:05 PM PDT The industrial gas company Air Products & Chemicals Inc. (NYSE:APD) announced that it has been elected to supply its heat exchanger technology to Shell's floating liquefied natural gas (LNG) project in Australia. According to Air Products, Shell’s project will use its cryogenic coil wound LNG heat exchanger. It did not provide details of financial terms or the project's planned start-up date. Shell’s floating LNG (FLNG) plant, the first of its kind in the world, will be in the Browse Basin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NetApp: Analyst Day Glimpses Posted: 01 Jul 2011 02:05 PM PDT NetApp Inc. (NASDAQ:NTAP) held its analyst day on June 30, wherein it discussed multiple growth opportunities to double its earnings. The storage vendor is exploring many under-penetrated geographical regions to expand its international footprint. Moreover, management is also keen on capturing a large share of the storage market through strategic acquisitions of companies with parallel business lines. Recently, NetApp took over the external storage systems business (the Engenio product line) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up At The End Of U.S. Session Posted: 01 Jul 2011 02:05 PM PDT Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> GBP/USD was trading at 1.6074, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: GM, DRI, APOL Posted: 01 Jul 2011 02:00 PM PDT 07/01/11 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

Forex – USD/JPY Up At The End Of U.S. Session Posted: 01 Jul 2011 02:00 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> USD/JPY was trading at 80.83, up 0.34% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 01 Jul 2011 01:40 PM PDT Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> USD/JPY was trading at 80.82, up 0.32% at time of writing.<br/><br/> The pair was likely to find support at 80.27, Thursday&rsquo;s low, and resistance at 81.27, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Caterpillar To Create Employment Posted: 01 Jul 2011 01:35 PM PDT Caterpillar Inc. (NYSE:CAT) intends to develop a plant in Griffin, Georgia, that will create 200 jobs. The company is investing $120 million to upgrade machinery and equipment in the existing facility. Caterpillar Griffin facility assembles engines and generator sets for more than six different engine models. The company has a strong age-old bond with Spalding County, resulting in the company's existing position in the county including Perkins Engine facility, along with several other facilities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UNH Spends More On Lobbying Posted: 01 Jul 2011 01:35 PM PDT In a bid to lobby the Federal Government, Minnesota-based health insurer UnitedHealth Group (NYSE:UNH) spent $660,000 during the first quarter of 2011, which was in line with the comparable period last year but up 14% sequentially. Lobbying is an activity usually paid by an interest group to promote its position to legislatures by influencing opinion leaders, thereby creating a climate for the change they desire. UnitedHealth lobbied on the Dodd-Frank Wall Street Reform and Consumer Protection … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Endo’s Back Pain Drug Disappoints Posted: 01 Jul 2011 01:35 PM PDT Endo Pharmaceuticals (NASDAQ:ENDP) recently suffered a pipeline setback with its candidate axomadol performing disappointingly in a mid-stage trial (n=236). Top line results from the study revealed that Endo Pharma's candidate failed to meet the predetermined end points. The randomized, double blind, two-arm, placebo-controlled study evaluated the candidate in patients suffering from moderate-to-severe chronic low back pain. Endo Pharma in-licensed the US and Canadian development and marketing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cognizant Funds IT Program Posted: 01 Jul 2011 01:35 PM PDT Leading IT services provider Cognizant Technologies (NASDAQ:CTSH) joined up with New-York based NPower, an organization which connects other non profit organizations to the best and most affordable IT through a range of managed services, consulting and skilled IT volunteer programs, while also providing IT training to young adults. Cognizant has undertaken a three-year financial commitment to support NPower across its entire line of services and programs. These services include Technology … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 01 Jul 2011 01:25 PM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4530, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 1.36% Posted: 01 Jul 2011 01:10 PM PDT Forex Pros – pros – U.S. stocks were up after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 1.36%, the S&P 500 index gained 1.44%, while the Nasdaq 100 index climbed 1.56%.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month from 53.5 in the preceding month.<br/><br/>Analysts had expected the ISM manufacturing PMI to fall to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinder-Copano Grows In Eagle Ford Posted: 01 Jul 2011 01:05 PM PDT Eagle Ford Gathering LLC continues to expand its reach for producers in the prolific South Texas region. In this regard, Kinder Morgan Energy Partners, L.P. (NYSE:KMP) and Copano Energy, L.L.C. (NASDAQ:CPNO) – the owners of Eagle Ford Gathering LLC – have entered into long-term joint venture (JV) agreements to provide midstream services to two hydrocarbon explorers. As per the deal, Eagle Ford Gathering LLC will provide transportation, processing and fractionation services to Petrohawk Energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terreno Purchases Savage Property Posted: 01 Jul 2011 01:05 PM PDT Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building in Savage, Maryland, for approximately $7.5 million. The acquisition is part of the long-term strategy of the company to continue owning functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. The acquired property spanning 99,000 square feet of space is presently 100% leased to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CONSOL Energy Still Neutral Posted: 01 Jul 2011 12:55 PM PDT We maintain our Neutral stance on the diversified fuel producer CONSOL Energy Inc. (NYSE:CNX). CONSOL is predominantly an underground miner. The accident in the Upper Big Branch mine has caused regulators to step up enforcements and inspections of mines. Stringent enforcement of safety measures will undoubtedly increase operational costs of underground miners like CONSOL. The positive catalysts of CONSOL Energy are its deep and diversified portfolio, largest research and development facility in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shaw Communications Secures Assets Posted: 01 Jul 2011 12:55 PM PDT Shaw Communications Inc. (NYSE:SJR) recently gained full control over the assets of Sun Country Cablevision Ltd. and its affiliated companies Armstrong Cablecom Ltd. and Enderby Cablecom Ltd. Sun Country started offering its service in 1984. Its services include high-speed internet service, voice and television service to its subscribers. This acquisition will further strengthen Shaw Communication's service network across Canada and U.S. Shaw Communications is a diversified communications … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rise In Gas Supplies Decelerates Posted: 01 Jul 2011 12:55 PM PDT The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of increased domestic gas consumption, partially offset by a light weather load.   The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events. The report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Marginal Rise In Rite Aid Comps Posted: 01 Jul 2011 12:55 PM PDT Leading drugstore chain operator Rite Aid Corporation (NYSE:RAD) reported a marginal increase of 1.8% in same-store sales for the four weeks ended June 25, 2011. Results improved somewhat from a growth of 1.3% in May 2011. For the month of June, front-end same-store sales increased 1.5%. Pharmacy same-store sales in the month improved 1.9% despite a 163 basis point headwind from new generic introductions. Prescriptions count increased 0.4% at comparable stores. Total drugstore sales increased 1.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Near-Term Bullish On Halliburton Posted: 01 Jul 2011 12:55 PM PDT Shares of Halliburton Co. (NYSE:HAL) are currently trading close to its 52-week high of $51.45. The second-largest member of the oilfield services contingent behind Schlumberger Ltd. (NYSE:SLB) has seen its share price climb approximately 25% since the beginning of the year, as investors have been buying the stock for its attractive fundamentals and positive outlook. The recent optimism about economic recovery has added to this bullish sentiment. We like Halliburton's leading position in the global … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jacobs’ New Joint Venture Posted: 01 Jul 2011 12:55 PM PDT Jacobs Engineering Group Inc. (NYSE:JEC) entered into a joint venture with AMEC and Costain to provide waste retrieval, processing and filling services. The joint venture will serve Magnox Limited at eight of their nuclear power station sites across the UK. Under the contract, the joint venture will retrieve and process wet and solid intermediate level radioactive waste by designing, constructing, commissioning and operating facilities. Further, these selected organizations can bid for specific … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Axle Closing Detroit Plant Posted: 01 Jul 2011 12:55 PM PDT American Axle and Manufacturing Inc. (NYSE:AXL) plans to close its manufacturing facility in Detroit as communication with the United Auto Workers (UAW) union broke down. The parties had disagreement over the reduction of compensation for the workers from $45 an hour to $30 an hour. The shutdown will affect 300 hourly and salaried workers at the plant. American Axle went through tough times during the global economic recession as it is one of the companies that is exposed to platforms which have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP Restores Two Texas Units Posted: 01 Jul 2011 12:55 PM PDT As per an emissions report filed with state regulators, British energy giant BP Plc (NYSE:BP) has restarted its gasoline-producing fluidic catalytic cracking (FCC) unit No.1 in its Texas city refinery. The unit of the 437,080-barrels-per-day (bpd) refinery was shut in April following an electrical power failure. It was restarted and then was forced to go offline again on June 13 due to the loss of a blower. Some facilities like a hydrocracking unit and a reformer continue to be non-operational at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 01 Jul 2011 12:45 PM PDT Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> GBP/USD was trading at 1.6074, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IT Spending Trending Up Posted: 01 Jul 2011 12:35 PM PDT In a recent research report published by technology research firm Gartner, the firm expects worldwide spending on IT products and services to grow by 7.1% in 2011, considerably higher than its earlier estimate of 5.6%. According to the research firm's estimates, global IT spending is expected to be approximately $846.0 billion this year, a 6.6% increase from last year. Computer Hardware (up 11.7%) and Enterprise Software (up 9.5%) are expected be the leading products in the sector in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ATVI To Host Call Of Duty Event Posted: 01 Jul 2011 12:35 PM PDT Call of Duty fans will have a good time as Activision Blizzard Inc. (NASDAQ:ATVI) celebrates its first Call of Duty community event on a grand scale with Call of Duty XP 2011 at Los Angeles on Sept 2 and 3. The whole event is being organized in the confines of a 12-acre compound in urban LA and is expected to be attended by more than 6000 fans. Taking this opportunity, Activision will be premiering its much-hyped game, Call of Duty: Modern Warfare 3 multiplayer. Gamers will have the opportunity of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vivus Seeks Avanafil’s Approval Posted: 01 Jul 2011 12:35 PM PDT Vivus Inc. (NASDAQ:VVUS) announced that it has submitted a New Drug Application (NDA) to the US Food and Drug Administration (FDA) for its investigational drug, avanafil. The company is seeking to get the drug approved for the treatment of erectile dysfunction (ED). Vivus' NDA for avanafil is supported by data from three phase III trials – TA-301 (REVIVE), TA-302 (REVIVE-Diabetes) and TA-314 (long-term safety study). All three aforementioned trials, which tested 50 mg, 100 mg, and 200 mg dosage … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nortel Assets Go To Consortium Posted: 01 Jul 2011 12:35 PM PDT In a multi-day auction, the consortium of six technology companies including iPhone maker Apple Inc. (NASDAQ:AAPL) won the bid to acquire Nortel Network Corp.'s intellectual assets for an estimated $4.5 billion. Besides Apple, the consortium comprises EMC Corp. (NYSE:EMC), Ericsson AB (NASDAQ:ERIC), Microsoft Corp. (NASDAQ:MSFT), Research In Motion Ltd. (NASDAQ:RIMM) and Sony Corp. (NYSE:SNE) won the right to Nortel's patents and thereby gained the access to a pool of technologies used in mobiles and tablets. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NVO Presents Degludec Data Posted: 01 Jul 2011 12:35 PM PDT Recently, Novo Nordisk (NYSE:NVO) presented data from late stage trials, which showed that its ultra-long acting insulin Degludec lowered blood glucose levels with significantly reduced risk of hypoglycemia (low blood sugar) versus Sanofi Aventis'(NYSE:SNY) Lantus in patients with type II diabetes. Novo Nordisk presented data from two, late stage, 52-week clinical trials, one in patients with type I and the other in victims of type II diabetes. These data were presented at the American Diabetes … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baker Unveils Advanced System Posted: 01 Jul 2011 12:35 PM PDT Oilfield services provider Baker Hughes (NYSE:BHI) has launched a new wellbore clean-up and displacement system. This will be utilized to ensure equipment efficiency as well as minimum hazards while operating in high-cost environments such as deepwater applications; horizontal, extended-reach, and deviated wells; deep wells; and wells with high dogleg severity. The latest generation cyclone-based system –– X-Treme Clean XP –– is expected to clear off dregs and scraps more effectively. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNO Financial Buys Back Shares Posted: 01 Jul 2011 12:35 PM PDT CNO Financial Group Inc. (NYSE:CNO) had spent $16.2 million to buy back 2.2 million shares in the second quarter of 2011. The shares repurchased were made under the repurchase program announced on May 16, 2011. The buyback equals approximately 0.9% of the total outstanding shares as of March 31, 2011. In May, the board of directors of CNO Financial approved a share repurchase program authorizing the company to buy back shares worth $100 million. Concurrently, the company also made a principal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 01 Jul 2011 12:10 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> USD/CAD was trading at 0.9590, down 0.45% at time of writing.<br/><br/> The pair was likely to find support at 0.9587, today&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 01 Jul 2011 11:45 AM PDT Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4510, up 0.05% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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