DailyMarkets.com - Exxon Oil Leak In Yellowstone River

---

• Exxon Oil Leak In Yellowstone River
• Terreno On Acquisition Spree
• NY Times Finds Buyers For Fenway
• Baxter’s Sustainability Report
• Cooper Tire To Underperform
• Ventas Completes NHP Acquisition
• Rating Actions On M&T
• Fresenius Completes IDC Buy
• UPS Raises Freight Rate
• Hot Option Plays: Market After Last Week’s Rally
• Forex – AUD/USD Down In U.S. Trade
• Which American Accent Do You Have?
• Pepsico Sheds Malaysian Bottler
• Spectra Wraps Big Sandy Acquisition
• Eaton Completes ATCOM Buy
• Earnings Scorecard: MKC
• USD/CAD Signals Bearish Continuation With Downside Channel Breakout
• Forex Trading: EURUSD Moves Back Toward The 100 Hour MA
• Forex – NZD/USD Down During The U.S. Session
• Petrobras Expands In Biofuel World
• Dell IT Deal With Towers Watson
• Neutral On BJ’s Restaurants
• PetMed Still Underperforms
• Western Union Biz Solutions For UAE
• Citi Rebrands CitiFinancial
• Neutral On Optimer
• BSX’s Interlock In US And Europe
• Sweden Central Bank Increases Interest Rate 25bps To 2.00%
• “Investors Still Confident…market Will Move Forward”
• Bulls Snap Up Tractor Supply Co. Call Options
• Interactive’s June Metrics Improve
• Increase Odds Of A Positive Surprise
• PRU Spins Off Commodities Biz Unit
• European Markets Mixed At Close; Dax Down 0.05%
• Saks Store Coming Up In Kazakhstan
• Actelion Sets $577M Aside
• Joe Sciddurlo Drops Bombshells On FINRA
• Untimely End To MEMC, Suntech Deal
• Bumping Heads On The Debt Ceiling?
• Scripps Networks To Buyback Share
• Committed To Growth Opportunities
• Eli Lilly Provides R&D Update
• Forex Trading: EURUSD Finds Support Buyers Below
• Pound Gets Outside Help
• Viacom Gets ‘Transformers’ Boost
• IBM Develops New PCM Chips
• Sonoco Acquires Packaging Business
• Word From The Floor: US Stocks Mixed After Holiday Weekend
• Natural Gas Futures Retreat From 3-day High On Demand Outlook
• Residual Eurozone Fears And U.S. Bargain-hunting Lift Bonds
• Crude Rises On Forecast Jump
• Forex – Dollar Broadly Higher Amid Fears Over China, Euro Zone
• Gold Bounces Off Range Support; To Test 1515 Before Openning Up 1550
• Forex – GBP/USD Holds Gains After Better-than-expected PMI
• Gold Futures Trade Above USD1,500 An Ounce
• Double Bottom Seen In GBP/AUD; 1.5140 Is Initial Target And Resistance
• Forex – EUR/USD Off 4-week High As Risk Appetite Wanes

Exxon Oil Leak In Yellowstone River Posted: 05 Jul 2011 12:04 PM PDT An ExxonMobil Corporation (NYSE:XOM)-operated pipeline running into the Yellowstone River in south central Montana ruptured last Friday, spilling hundreds of barrels of crude oil into the river. The company has closed down the pipeline, which is linked to the Billings facility, and has isolated the affected segment. ExxonMobil estimated that as many as 1,000 barrels of crude spilled into the Yellowstone River from the 12-inch pipeline, which was operated by ExxonMobil Pipeline Company. With a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Terreno On Acquisition Spree Posted: 05 Jul 2011 12:04 PM PDT Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial building each in Carlstadt, New Jersey, and Miami, Florida, for a combined purchase price of $11.7 million. Such continuous acquisition is part of the long-term strategy of the company to take up functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost. The New Jersey property that spreads … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NY Times Finds Buyers For Fenway Posted: 05 Jul 2011 12:04 PM PDT The New York Times Company (NYSE:NYT), one of the leading diversified media company has finally got buyers for its minority stake in the Fenway Sports Group. The newspaper publisher in a marathon sale process was looking for buyers since 2008 to give a boost to its declining revenue while managing its debt. Going with the news, New York Times sold 390 Class B units of Fenway Sports Group, which accounts for approximately 55.7% of its total stake in the company for a sum of $117.0 million. The deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Baxter’s Sustainability Report Posted: 05 Jul 2011 12:04 PM PDT Baxter International (NYSE:BAX) recently presented its 2010 Sustainability Report. This was the 12th straight year in which the company has reported on its economic, social and environmental outcomes. This report highlights the company's progress toward its sustainability goals and its determination to counter challenges to global sustainability through a number of measures.    The initiatives mentioned in the 2010 report include efforts to cut down on emission of green house gas, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cooper Tire To Underperform Posted: 05 Jul 2011 12:04 PM PDT We downgrade our recommendation on Cooper Tire & Rubber Co. (NYSE:CTB) to Underperform from Neutral. Based in Findlay, Ohio, Cooper Tire is the ninth largest tire company in the world and is also one of the 350 large companies in America. The company manufactures and markets tires and related products. Superior Industries released its 2011 first quarter results on April 26, 2011. The company reported adjusted net income of $17 million or $0.27 per share, down 60% from last year's $42 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ventas Completes NHP Acquisition Posted: 05 Jul 2011 11:35 AM PDT Ventas Inc. (NYSE:VTR), a premier healthcare real estate investment trust (REIT), has recently completed the acquisition of its rival Nationwide Health Properties Inc. (NYSE:NHP) in an all-stock deal. The transaction worth $7.6 billion created one of the largest publicly traded REITs in the U.S. and arguably the leading healthcare REIT by equity value. The latest acquisition by Ventas reinforces the buzz in the healthcare REIT industry, spurred by an aging Baby Boomer generation's increased demand … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Actions On M&T Posted: 05 Jul 2011 11:35 AM PDT Fitch Ratings has affirmed M&T Bank Corp.’s (NYSE:MTB) long- and short-term Issuer Default Ratings at ‘A-’ and ‘F1,’ respectively. The rating action follows the closure of M&T’s acquisition of Wilmington Trust Corp. on May 16, 2011. The rating outlook remains Negative. The proposed corporate restructuring of M&T announced on June 30, 2011 led to the rating affirmation. M&T's recently accomplished the purchase of Wilmington Trust backed by capital raises. According to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fresenius Completes IDC Buy Posted: 05 Jul 2011 11:35 AM PDT Fresenius Medical Care (NYSE:FMS), the largest provider of dialysis products and services on the planet, has wrapped up its acquisition of Euromedic International's ("Euromedic") dialysis service division International Dialysis Centers ("IDC") for €485 million (roughly $648 million). This follows the regulatory approvals of the deal (announced in January 2011) by the anti-trust authorities. IDC provides treatment to over 8,200 hemodialysis patients mainly in Central and Eastern Europe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UPS Raises Freight Rate Posted: 05 Jul 2011 11:35 AM PDT United Parcel Services (NYSE:UPS) has increased its freight rates by 6.9% on non-contractual shipments. The increase is effective August 1, in the U.S., Canada and Mexico. The company offers a variety of less-than-truckload (LTL) and truckload (TL) services to customers through its Freight segment, which remains a significant revenue contributor. The gradually improving economy is supporting the broader market and the company remains well positioned to benefit from firming industrial fundamentals … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Market After Last Week’s Rally Posted: 05 Jul 2011 11:18 AM PDT Cusick’s Corner Because of an absence of trading catalysts, the market is likely to stay in a range for the rest of the day and just continue to chop around. This makes the current market a little more difficult to trade, at least from a two-sided perspective. I previously noted that spreading was the strategic approach that I was taking last week and I continue hold that strategic approach. I still have a small S&P put spread on but it has limited exposure from a premium perspective. See … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 05 Jul 2011 11:15 AM PDT Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> AUD/USD was trading at 1.0701, down 0.31% at time of writing.<br/><br/> The pair was likely to find support at 1.0665, today&rsquo;s low, and resistance at 1.0790, Friday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.25% to hit 1.3514 and AUD/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Which American Accent Do You Have? Posted: 05 Jul 2011 11:11 AM PDT Take a 17-question quiz here and find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepsico Sheds Malaysian Bottler Posted: 05 Jul 2011 11:03 AM PDT Pepsico Inc. (NYSE:PEP) the global food and Drinks Corporation, is reported to be in talks with Asahi Group Holdings Ltd., Japan's biggest beer maker for selling its Malaysian bottler, Permanis Sdn. Based in Tokyo, Asahi Breweries has a 40% share of the Japanese beer market. In 1990, Asahi acquired a 19.9% stake in Australian brewery giant- Elders IXL. Again in 2009, Asahi acquired the Australian beverages unit of Cadbury Schweppes. On January 23, 2009, Asahi acquired 19.9% of Tsingtao Brewery … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Spectra Wraps Big Sandy Acquisition Posted: 05 Jul 2011 11:03 AM PDT A master limited partnership by Spectra Energy Corp. (NYSE:SE), Spectra Energy Partners, LP (NYSE:SEP), closed its previously announced acquisition agreement with EQT Corp. (NYSE:EQT) for a total consideration of $390 million. The acquired assets comprise a 70-mile regulated natural gas pipeline system –– Big Sandy Pipeline –– in eastern Kentucky. With a daily capacity of 171 million cubic feet, Big Sandy Pipeline is interconnected with the Tennessee Gas Pipeline system that in turn links the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Completes ATCOM Buy Posted: 05 Jul 2011 11:03 AM PDT Eaton Corporation (NYSE:ETN) said it has successfully completed the acquisition of the previously announced ACTOM's Low-Voltage Electrical Business in South Africa. Eaton expects the addition of ACTOM's low-voltage business to help establish a prominent presence for itself in the attractive South African market and serve as a platform for growth in the region. The combination of Eaton's business with ACTOM's low-voltage business will offer a broader set of power distribution and power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: MKC Posted: 05 Jul 2011 11:03 AM PDT McCormick & Co. Inc. (NYSE:MKC) announced its financial results for the second-quarter of 2011 on June 30 with operating earnings of 55 cents a share, surpassing the Zacks Consensus Estimate by one cent. In the following paragraphs, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Recap McCormick's second-quarter earnings benefited from higher operating income, as well as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Signals Bearish Continuation With Downside Channel Breakout Posted: 05 Jul 2011 10:58 AM PDT USD/CAD - The USD/CAD is seen in the 1H chart breaking below a rising channel. - Note that the RSI never sustained a break above 60. If it falls back below 40, it is a good sign that the bearish momentum is returning, as it never left. - The RSI reading also shows a negative reversal, where there is a higher RSI high, but a lower price high, suggesting a swing projection towards 0.9563 in the very short-term (1-2 days). A break back below 0.96 is strong evidence for this outlook. - On the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Back Toward The 100 Hour MA Posted: 05 Jul 2011 10:57 AM PDT The NY session and most of the London sesssion has been below the 100 hour MA for the EURUSD.  Finding support against the target at the 1.4435 to 1.4446 has led to the short covering in the afternoon on the disappointment that nothing more bearish occurred today.  Now as the 100 hour MA approaches the market will have another chance to break back above, or stay below. Traders who have a bearish bias, or who are long, the level should be attractive. For those who like the upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 05 Jul 2011 10:45 AM PDT Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.<br/><br/> NZD/USD was trading at 0.8281, down 0.20% at time of writing.<br/><br/> The pair was likely to find support at 0.8242, Friday&rsquo;s low, and resistance at 0.8332, Monday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.03% to hit 1.2932 and EUR/NZD falling 0.25% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Petrobras Expands In Biofuel World Posted: 05 Jul 2011 10:35 AM PDT Brazilian state-run energy firm Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) acquired a 50% stake in a local biodiesel company BSBIOS Industria e Comercio de Biodiesel Sul Brasil S.A. for 200 million Brazilian reals or $128.4 million. Petrobras executed the deal through its subsidiary Petrobras Biocombustível S.A. Located at Passo Fundo, the acquired company owns a biodiesel facility which is integrated with a vegetable oil extraction unit and has an annual production capacity of 42 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell IT Deal With Towers Watson Posted: 05 Jul 2011 10:35 AM PDT The world's second largest PC maker Dell Inc. (NASDAQ:DELL) recently confirmed an information technology (IT) support deal with Towers Watson & Co. (TW). Financial details of the five-year contract were not disclosed. Towers Watson is a global consulting firm. It specializes in professional services on risk, human resources and financial management. Under the deal, Dell's Services segment will provide extensive transformation and infrastructure services and support to Towers Watson's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On BJ’s Restaurants Posted: 05 Jul 2011 10:35 AM PDT We maintain our long-term Neutral rating for BJ's Restaurants Inc. (NASDAQ:BJRI). While we are optimistic on the company's unit growth potential and solid same-same restaurant sales, the negative impact from commodity inflation as well as increased competition compel us to remain on the sidelines. We believe BJ's Restaurants, which owns and operates a chain of high-end casual dining restaurants in the United States, remains well positioned to sustain its growth momentum while generating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PetMed Still Underperforms Posted: 05 Jul 2011 10:35 AM PDT Recently, we reaffirmed our Underperform recommendation on PetMed Express (NASDAQ:PETS) with a target price of $11.00. PetMed has been reporting disappointing results over the past few quarters. Lower revenues coupled with higher operating expenses had a negative impact on margins. Moreover, the company also witnessed decline in new customers to 130,000 in the last reported quarter, down from 134,000 in the year-ago period. The average order size has declined by $4 compared to the year-ago quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Western Union Biz Solutions For UAE Posted: 05 Jul 2011 10:35 AM PDT World's leading money transfer company Western Union Co. (NYSE:WU) has recently announced the debut of its international business payments service, Western Union Business Solutions, for small and medium-sized enterprises in the UAE through a five-year agreement with Emirates International Exchange. This agreement with a leading exchange house in the Middle East that deals primarily in money transfers and money exchange, marks WU's foray into a new customer segment in the Middle East. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Rebrands CitiFinancial Posted: 05 Jul 2011 10:35 AM PDT Citigroup Inc.'s (NYSE:C) U.S. consumer finance unit is now OneMain Financial. Last Friday, Citigroup completed the rebranding of its entire U.S. full service network of 1,300 stores from CitiFinancial. The rebranding plan was announced last December. The rebranding gives the company an identity that better suits its image and activity. Moreover, the company stated that the OneMain name reflects a localized business model and commitment to customers. Citi was in a bad shape during the financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Optimer Posted: 05 Jul 2011 10:35 AM PDT We have maintained a Neutral rating on Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) with a target price of $12.00 per share. We find the US Food and Drug Administration's (FDA) approval of Optimer's first drug, antibiotic Dificid, for the treatment of clostridium difficile-associated diarrhea (CDAD), highly encouraging. CDAD is the most common nosocomial or hospital-acquired diarrhea and is a significant malaise in hospitals and nursing home facilities. Dificid (twice daily tablets) is the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BSX’s Interlock In US And Europe Posted: 05 Jul 2011 10:35 AM PDT Leading medical devices player, Boston Scientific Corporation (NYSE:BSX) recently announced the commercial launch of its Interlock – 35 Fibered IDC Occlusion System in the US and Europe. Earlier this year, the company received approval from the US Food and Drug Administration (FDA) and European CE Mark for this Interlock system. Boston Scientific claims that the Interlock system is the best-in-class peripheral vascular coiling technology, which successfully combines with the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sweden Central Bank Increases Interest Rate 25bps To 2.00% Posted: 05 Jul 2011 10:35 AM PDT Sweden’s Riksbank raised its benchmark repo rate by 25 basis points to 2.00% from 1.75% previously.  The Bank said: ”The Swedish economy is growing at a good rate, although international developments are marked by uncertainty,”.  On inflation, the Bank noted: “Consumer price inflation is high at present as a result of rising mortgage rates.  Underlying inflationary pressures remain low, but are expected to increase as economic activity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Investors Still Confident…market Will Move Forward” Posted: 05 Jul 2011 10:22 AM PDT 07/05/11 Meridian Equity Partners’ Jonathan Corpina discusses this week’s focus in the equity markets, including the US jobs report and ECB rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bulls Snap Up Tractor Supply Co. Call Options Posted: 05 Jul 2011 10:00 AM PDT Bulls snap up Tractor Supply Co. call options Today's tickers: TSCO, INFY, AOL & HBI (NASDAQ:TSCO) – Tractor Supply Co. – Bullish players paid Tractor Supply Co. options a visit at the start of the U.S. trading week with shares in the operator of retail farm and ranch stores increasing as much as 2.4% to a new all-time high of $69.45. Investors expecting shares in the specialty retailer to extend gains in the near term exchanged more than 1,400 calls at the July $70 strike against previously … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interactive’s June Metrics Improve Posted: 05 Jul 2011 09:55 AM PDT On Friday, Interactive Brokers Group Inc. (NASDAQ:IBKR) reported June 2011 performance data for its business segment Electronic Brokerage, which recorded a slight improvement compared with the previous month. The segment under review clears and settles trades globally for both individual and institutional clients. Total customer accounts for the month of June were 175,600, up about 1% from 173,300 in May 2011 and 20% from 145,900 in June 2010. However, the total customer Daily Average Revenue Trades … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Increase Odds Of A Positive Surprise Posted: 05 Jul 2011 09:55 AM PDT Surprises are, by definition, unexpected. However, since we know that companies that report better-than-expected earnings tend to see their share prices rise after the announcement, and those that disappoint sink, it would be nice to be able to get in front of those that are likely to do better than expected and get out of the way of those which are going to disappoint. Not easy to do, but there is a way to improve your odds. I like to look for the combination of three inter-related factors in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PRU Spins Off Commodities Biz Unit Posted: 05 Jul 2011 09:55 AM PDT On Friday, Prudential Financial, Inc (PRU) announced the spin-off of its global commodities business unit to Jefferies Group Inc. (JEF) for $419.5 million. The transaction, which was announced back in April 2011, was valued at $419.5 million based on book value as of the closing date of the transaction.  Prudential's global commodities business consisted of U.S.-based FCM, Prudential Bache Commodities, LLC; the broker dealer, Prudential Bache Securities, LLC; U.K.-based Bache Commodities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Down 0.05% Posted: 05 Jul 2011 09:55 AM PDT Forex Pros – pros – European stocks were mixed after the closing bell on Tuesday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 0.05%, London&rsquo;s FTSE 100 gained 0.11%, France&rsquo;s CAC 40 declined 0.61% and the EURO STOXX 50 was down 0.69%.<br/><br/> Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.00%; the S&P 500 index shed 0.08%, while the Nasdaq 100 index … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Saks Store Coming Up In Kazakhstan Posted: 05 Jul 2011 09:35 AM PDT The retailer, Saks Incorporated (NYSE:SKS) has got a license to open a Saks Fifth Avenue store in Kazakhstan in August 2012, which will be the country’s first Saks store. According to the plan, Saks will construct a tri-level store of approximately 91,000 square feet in the Esentai Shopping Mall in Almaty in Kazakhstan. Further, the Saks Fifth Avenue store will feature a digital video screen on the front elevation of the building reflecting a modern and streamlined design. Further, the Saks Fifth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Actelion Sets $577M Aside Posted: 05 Jul 2011 09:35 AM PDT In the absence of a judgment in the Asahi Kasei lawsuit by the trial court on the due date of June 28, 2011, European biotechnology company Actelion Ltd. (ALIOF) has decided to make a provision of $577 million for compensatory and punitive damages. If the status quo is maintained, with no supplementary information, Actelion will record the provision in the second quarter 2011 results. Actelion had acquired CoTherix in 2007. CoTherix and Asahi Kasei Pharma had a license agreement to develop … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Joe Sciddurlo Drops Bombshells On FINRA Posted: 05 Jul 2011 09:09 AM PDT We do not often get an insider's perspective into the world of Wall Street regulation. That reality should not be a surprise. Wall Street and those charged with regulating it play their cards very close to the vest. Getting a peek 'over the shoulder' at the cards held by the SEC, FINRA, and other regulators is a real treat. Longtime followers of Sense on Cents may recall the fabulous insights provided by former SEC attorney and Madoff investigator Genevievette Walker-Lightfoot on NQR's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Untimely End To MEMC, Suntech Deal Posted: 05 Jul 2011 09:02 AM PDT A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc. (NYSE:WFR) recently announced the termination of the solar wafer supply agreement between its Singapore unit and Suntech Power Holding Co. Ltd. (NYSE:STP). MEMC will receive a handsome $120.0 million from Suntech for the termination. The original deal between MEMC Singapore Pte Ltd. and Suntech, the leading Chinese solar energy company, was struck in 2006. Per this 10-year deal, MEMC was required to supply solar … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bumping Heads On The Debt Ceiling? Posted: 05 Jul 2011 09:02 AM PDT The fundamental backing for the market continues to be solid. It is important to keep your eyes on the prize. There is lots of news out there, and much of it is more dramatic than earnings results, but rarely does it have more significance for your portfolio. Earning are — and are going to remain — the single-most-important thing for the stock market. Interest rates are an important, but distant second.  We certainly had an impressive week in the market last week, with the S&P … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Scripps Networks To Buyback Share Posted: 05 Jul 2011 09:02 AM PDT Lifestyle media company Scripps Networks Interactive Inc. (NYSE:SNI) recently initiated a share repurchase plan. The Board of Directors of Scripps networks have authorized the buyback of $1 billion of its common outstanding shares. According to the plan, the company has already bought $300 million worth of shares from The Edward W. Scripps Trust, which is the controlling shareholder of Scripps Networks. Even after the repurchase, the Edward W. Scripps Trust will remain as the single largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Committed To Growth Opportunities Posted: 05 Jul 2011 08:35 AM PDT Ken Nagy, CFA Committed to Growth Opportunities – Smart Actuators CTS (NYSE:CTS) designs, manufactures, assembles, and sells a broad line of electronic components and sensors. The firm also provides electronics manufacturing services primarily to original equipment manufacturers (OEMs), for the automotive, computer, communications, medical, industrial, and defense and aerospace markets. The firm was established in 1896 as a provider of high-quality telephone products and was incorporated as an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eli Lilly Provides R&D Update Posted: 05 Jul 2011 08:35 AM PDT Eli Lilly and Company (NYSE:LLY) recently provided an insight into its research and development (R&D) plans and mid-term guidance at a meeting with the investment community. The company outlined its plans for combating the impact of the patent expiration of several key products. About $7 billion of revenues will be lost to generic competition due to the loss of exclusivity of products like Zyprexa, Cymbalta, Evista, and Gemzar. Pipeline to Drive Long-Term Growth Eli Lilly intends to continue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Finds Support Buyers Below Posted: 05 Jul 2011 08:25 AM PDT The EURUSD moved toward target support against the low from Friday at 1.4435 and the 38.2% retracement at 1.4446. The low came in at the 1.4442 level and the price has bounced higher.  This is a key hour for traders today. If the price leaves a tail on the chart and closes above the previous days lows at 1.4456, the shorts should be forced to cover.  The price action is continuing to show a non-committed market with dip buyers and rally sellers (against the 100 hour … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pound Gets Outside Help Posted: 05 Jul 2011 08:17 AM PDT Today’s Idea Tuesday, July 5, 2011 The Pound has found some recent strength on the backs of a weaker US Dollar and the passage of Greek austerity measures. For the market to gain further momentum, the UK must see better economic data. The only other saving grace for the Pound would have to come to an impasse in the US debt ceiling fight through the deadline. Technically, the Pound has to cross through and hold the 1.6125 level to garner further technical momentum. Otherwise, Sterling bears may … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Viacom Gets ‘Transformers’ Boost Posted: 05 Jul 2011 08:05 AM PDT Viacom Inc's (VIA.B) film division Paramount Picture is set to rock the Hollywood box office this summer with its latest release “Transformers: Dark of the Moon”. The movie has already grossed a whopping $416 million worldwide despite poor reviews from critics. However, the film is placed in the third position among the all time best opening weekend with collections of $372.1 million just behind Harry Potter and the Half-Blood Prince ($394 million) and Spider-Man 3 ($381.6 million). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Develops New PCM Chips Posted: 05 Jul 2011 08:05 AM PDT Information Technology (IT) major, International Business Machines Corp. (IBM) recently announced that their scientists have succeeded in developing chips powered by a relatively new memory technology known as phase-change memory (PCM). The new chips can reliably store multiple data bits per cell over extended periods of time. Till date, only single bit-per-cell PCM exhibits the desired reliability in data storage over a period of time, whereas no such results on multi-bit PCM have been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sonoco Acquires Packaging Business Posted: 05 Jul 2011 08:05 AM PDT Sonoco Products Co. (NYSE:SON) through its wholly owned subsidiary in the UK, recently concluded the acquisition of Robinson Paperboard Packaging Ltd., a division of Robinson PLC.  The world's largest producer of paperboard cans, Sonoco acquired customer contracts along with other business assets of Robinson Paperboard Packaging Business. Under the terms of the acquisition, Sonoco will operate from the existing Robinson's Chesterfield paperboard can plant located on Goyt Side Road. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Mixed After Holiday Weekend Posted: 05 Jul 2011 08:01 AM PDT 07/05/11 The major equity averages opened on a mixed note, following the best weekly gain in two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Retreat From 3-day High On Demand Outlook Posted: 05 Jul 2011 08:00 AM PDT Forex Pros – pros &ndash; Natural gas futures were down on Tuesday, retreating from a three-day high after forecasts showed moderating temperatures which were likely to weigh on demand expectations for the fuel. <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.301 per million British thermal units during U.S. morning trade, slumping 0.35%. <br /><br />It earlier fell as much as 0.75% to trade at a daily low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Residual Eurozone Fears And U.S. Bargain-hunting Lift Bonds Posted: 05 Jul 2011 07:54 AM PDT After a sour-end to last week government securities have come in firmer after a vacation-extended long weekend. Equity indices are failing to build on a strong rally last week, which was based on relief over a Greek vote to implement deep austerity measures. Fixed income is higher on Tuesday as yields pull back from a sharp rise. European bond markets – Lingering fears remain among investors with few able to put their fingers on quite what the post-Greek vote problem is. Italian and Spanish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Rises On Forecast Jump Posted: 05 Jul 2011 02:45 AM PDT 07/05/11 Front month crude prices were on the rise this session following Barclay’s raising its 2012 forecast for crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Amid Fears Over China, Euro Zone Posted: 05 Jul 2011 07:44 AM PDT Forex Pros – The U.S. dollar remained broadly higher against its major counterparts on Tuesday, amid concerns over further monetary tightening by China, while the euro slipped lower after disappointing euro zone economic data.<br /><br />During early U.S. trade, the greenback was higher against the euro, with EUR/USD shedding 0.46% to hit 1.4472.<br /><br />Earlier in the day, official data showed that retail sales in the euro zone slumped in May, posting their biggest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Bounces Off Range Support; To Test 1515 Before Openning Up 1550 Posted: 05 Jul 2011 07:43 AM PDT Gold (XAU/USD) - Starting with the daily chart, gold is seen in a sideways market after a bullish start to the year ended in April. - The market tested the range support near 1475, and is now showing some strength. - Note that the RSI failed to sustain a break below 40, so the bullish momentum in 2011 has not been killed. Though, we know from price action that the market has indeed flattened into a range. - There is a middle pivot to this range near 1511. A break above this and above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Holds Gains After Better-than-expected PMI Posted: 05 Jul 2011 07:36 AM PDT Forex Pros – pros &ndash; The pound held gains against the U.S. dollar on Tuesday, after rebounding from a two-day low, boosted by stronger-than-expected data on the U.K. services sector.<br /><br />GBP/USD clawed back up from 1.5991, the pair&rsquo;s lowest since Friday, to hit 1.6115 during early U.S. trade, gaining 0.20%.<br /><br />Cable was likely to find support at 1.5910, the low of June 28 and a five-month low and resistance at 1.6117, the high of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Trade Above USD1,500 An Ounce Posted: 05 Jul 2011 07:29 AM PDT Forex Pros – pros &ndash; Gold futures jumped to three-day high on Tuesday, trading above the psychologically important USD1,500-an-ounce level as some safe-haven buying emerged amid ongoing concerns over Greece&rsquo;s debt woes.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,511.75 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Double Bottom Seen In GBP/AUD; 1.5140 Is Initial Target And Resistance Posted: 05 Jul 2011 07:25 AM PDT GBP/AUD - We had a relatively dovish RBA meeting in the Asian session which paved way for some AUD-weakness. - In the GBP/AUD, we see a clear double bottom in the 4H chart. - The rally coming out of this double bottom can be projected with the width of the double bottom, which points towards the 1.5140-1.5150 area. This is coincident with an important pivot and is near the 61.8% retracement level. - Strong bullish candles suggests a rally in the short-term, but in the context of a declining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Off 4-week High As Risk Appetite Wanes Posted: 05 Jul 2011 07:20 AM PDT Forex Pros – pros &ndash; The euro remained lower against the U.S. dollar on Tuesday, after pulling back from a four-week high amid concerns over weak euro zone data and fears over monetary tightening by China.<br /><br />EUR/USD hit 1.4458 during early U.S. trade, the pair&rsquo;s lowest since Friday; the pair subsequently consolidated at 1.4478, shedding 0.39%.<br /><br />The pair was likely to find support at 1.4326, the low of June 29 and short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610