Wednesday, July 6, 2011

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

DailyMarkets.com - Forex – GBP/JPY Up During The Asian Session

Forex – GBP/JPY Up During The Asian Session

Posted: 06 Jul 2011 05:45 PM PDT

Forex Pros – pros – The British Pound was higher against the Japanese Yen on Thursday.<br/><br/> GBP/JPY was trading at 129.62, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 128.99, Wednesday&rsquo;s low, and resistance at 130.85, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.6007 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During Asian Trade

Posted: 06 Jul 2011 05:25 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Japanese Yen on Thursday.<br/><br/> USD/JPY was trading at 80.93, up 0.01% at time of writing.<br/><br/> The pair was likely to find support at 80.54, Monday&rsquo;s low, and resistance at 81.19, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.05% to hit 1.4326 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up In Asian Trade

Posted: 06 Jul 2011 05:05 PM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4325, up 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4287, Wednesday&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8949 and EUR/JPY rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Facebook To Launch Skype Video Chat

Posted: 06 Jul 2011 03:57 PM PDT

07/06/11 Facebook is integrating a video chat feature powered by Skype. Facebook Video Calling will require an additional plug-in and web … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon To Acquire Book Depository

Posted: 06 Jul 2011 03:35 PM PDT

Amazon.com Inc. (NASDAQ:AMZN) has announced that it will acquire UK-based online bookseller, The Book Depository International. The acquisition will add over six million titles to Amazon's already large stock of books.
The cost of the transaction was not revealed and the acquisition is subject to customary closing conditions, including regulatory approvals.
It is unclear whether The Book Depository will retain its individuality and continue to operate as a separate website or if it will be folded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil To Pay $2.47B For New Rigs

Posted: 06 Jul 2011 03:35 PM PDT

Oil giant Statoil ASA (NYSE:STO) has awarded a contract worth $2.47 billion to Norway's Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to 20 years.
With a capability to work in water depths of 100–500 meters, the new rigs can drill to a depth of 8500 meters. These rigs, which are scheduled for delivery in 2014, are 20% more productive than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VALE Strengthens Logistics

Posted: 06 Jul 2011 03:35 PM PDT

Vale S.A. (VALE) recently announced that the company's new giant bulk carriers will be manufactured in China and South Korea as the domestic market is already working at full capacity. The company has booked 19 Valemaxes and already received delivery of one carrier.
The Brazilian company intends to strengthen its Logistics Services business by reducing the freight costs between Brazil and China, the largest iron ore importer. Moreover, the company’s shipping strategy will improvise its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: ECB And BoE Rate Decisions; US Initial Jobless Claims, ADP Employment Report, EIA Oil Inventories, Chain Store Sales

Posted: 06 Jul 2011 10:20 AM PDT

07/06/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Swing & Fade Traders Frustrated

Posted: 06 Jul 2011 03:18 PM PDT

Cusick’s Corner
The market is in a light volume, range-bound environment that has no solid leadership across the board. We are seeing stocks and commodities that are trading now in a range to the upside but the huge trend, a break out or down, has not been confirmed. If you look at the S&Ps, we held the 1250 level and have not been able to break 1340. We are in a cycle where the markets have rallied but within a defined range and that’s tough for traders who are trying to swing trade. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Examining The ECB Rate Decision And Trichet: Keys To Listen For And Possible Scenarios

Posted: 06 Jul 2011 03:15 PM PDT

Inflation Remains Above ECB's Target:
Inflation continues to remain a problem for the Euro-zone. ECB officials have been quite adamant about the need to hike rates to 1.5% this week with Trichet constantly re-using the term "strong vigilance" in regards to inflation over the past few weeks. The use of that phrase usually implies that Trichet and the Governing Council are ready to raise rates in the following meeting.
Headline annual inflation has hit a high of 2.8% this year, but the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Anadarko To Sell Midstream Assets

Posted: 06 Jul 2011 03:05 PM PDT

Anadarko Petroleum Corporation (NYSE:APC) said it has agreed to sell its Bison gas facility and related assets in Powder River Basin to Western Gas Partners L.P. (NYSE:AES) for $130 million. Following the acquisition, Western Gas will have 100% ownership interest in the Bison assets. The deal is expected to close early this month, with an effective date of July 1, 2011.
Located in northeastern Wyoming, the Bison facility is capable of treating about 450 MMcf/d of carbon dioxide. The cash flow profile … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shire Entangled In Legal Dispute

Posted: 06 Jul 2011 03:05 PM PDT

The legal tussle between Shire (NASDAQ:SHPGY), Sandoz, Inc. — the generic arm of Novartis (NYSE:NVS) and Amneal Pharmaceuticals — intensified with Shire filing a patent infringement case against the two companies relating to Vyvanse. Vyvanse is indicated for treating patients suffering from attention deficit hyperactive disorder (ADHD).
Amneal and Sandoz have filed abbreviated new drug applications (ANDAs) with the US Food and Drug Administration (FDA) to market generic versions of Vyvanse at all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FTC Serves Request To Graco

Posted: 06 Jul 2011 03:05 PM PDT

The antitrust regulators, the Federal Trade Commission (FTC) served a request on Graco Inc. (NYSE:GGG) for additional information on the company's proposed acquisition of finishing businesses of Illinois Tool Works Inc. (NYSE:ITW).
This acquisition is being investigated under the FTC's Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976, scrutinizing whether the proposed transaction is in compliance with the antitrust laws of the United States. 
Management stated that the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DDR Divests Assets Worth $87M

Posted: 06 Jul 2011 03:05 PM PDT

Developers Diversified Realty Corporation (NYSE:DDR) recently divested 12 non-prime assets and 4 land parcels for $112 million, of which the company’s share was $87 million.
Developers Diversified sold non-strategic assets to improve its portfolio demographics and increase liquidity. Additionally, the company is also set to sell some other assets, which would generate proceeds of approximately $93 million for the company.
Developers Diversified intends to acquire two shopping centers for $85 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Fed’s Mandate: Single Or Dual?

Posted: 06 Jul 2011 02:46 PM PDT

The question of the Fed's mandate is back on the table. Chairman Bernanke has been asked to address the question in his upcoming monetary policy report to the Congress. More specifically, in what can only be called a strange quirk of timing, the question is whether the country would be better off if the Fed had a single mandate of fighting inflation as does the European Central Bank and the Bank of England.
I recall Mr. Bernanke's arrival on the Board of Governors and member of the FOMC as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Strong Jobs Data To Help Confirm AUD/JPY’s Bullish Breakout

Posted: 06 Jul 2011 02:43 PM PDT

AUD/JPY

- The AUD/JPY broke above a declining trendline last week, and has stalled since the beginning of this week.
- Note the RSI in the chart. The reading broke above 70 after multiple fails to break below and establish bearish momentum. Instead we have bullish momentum, and if the RSI remains above 40, we can maintain the bullish scenario.
- The pullback can be expected to head towards 85.65, 50% retracement, near the 200SMA(closer to 85.75).
- Employment data for Australia is set to be … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regions-FIA Credit Card Deal Closes

Posted: 06 Jul 2011 02:35 PM PDT

Birmingham-based Regions Bank, a unit of Regions Financial Corp. (NYSE:RF) has completed the purchase of the credit card portfolio of $1 billion from FIA Card Services, a subsidiary of Bank of America Corporation (NYSE:BAC), effective June 30, 2011. The terms of the deal were not disclosed.
Last month, Regions announced to buy approximately 500,000 customer accounts, comprising existing Regions’ customers, for an undisclosed amount from FIA Card Services. Additionally, Regions has acquired a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Apollo Group

Posted: 06 Jul 2011 02:35 PM PDT

Apollo Group Inc. (NASDAQ:APOL), one of the world’s largest private education providers, posted its third-quarter 2011 results. Street analysts had nearly a week to ponder on the news.
In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On June 30, 2011, Apollo Group delivered earnings of $1.45 in the third quarter of 2011, outperforming the Zacks Consensus Estimate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How To Better Read Earnings Reports

Posted: 06 Jul 2011 02:35 PM PDT

Earnings season will soon be upon us again. What the market will be looking for are those companies that come in with higher-than-expected earnings to reward, and for those firms that disappoint to punish.

However, there will be cases where one company beats by a small amount, say $0.05 or 2.5%, and there is a big jump in the price of a stock in reaction, but on the same day there might be another firm that beats by $0.10 or 10%, and it is treated as a relative non-event by the market. Why is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ABB Acquires To Strengthen Business

Posted: 06 Jul 2011 02:35 PM PDT

ABB Ltd. (NYSE:ABB) has entered into an agreement to acquire Lorentzen & Wettre from ASSA ABLOY AB (publ) for a price of about $119 million (SEK 750 million). The acquisition is directed to solidify the company's pulp and paper business.
Lorentzen & Wettre, based in the Kista district of Stockholm, Sweden, is a manufacturer of quality control, process optimization and test instrumentation for the pulp and paper industry. Its production facility is located in Kista and Kajaani, Finland … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Retail Is Focus Today

Posted: 06 Jul 2011 02:17 PM PDT

Cusick’s Corner
The market is trading off the lows of the day and Retail, XRT, has been the focus today in front of a plethora of data and earnings which may be potentially volatile because the strength of the consumer has been under pressure due to energy price fluctuations and lackluster employment. We’ll get more clarity about unemployment at the end of the week. I will continue to monitor retailers and retail banks, KRE, which have been on the move today. See you After Hours.
Stock market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

4 Momentum Stocks To Watch

Posted: 06 Jul 2011 02:06 PM PDT

( click to enlarge )

Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) – Nice looking breakout with volume. The stock hit a high of $6.62 which is now resistance for Thrusday's follow through move.

( click to enlarge )

Hansen Medical, Inc. (NASDAQ:HNSN) has a bullish looking stock chart, price broke out from the horizontal resistance mark around $3.76/share today on heavy volume. Short-term investors can hold the stock as long as it trades above this level.

( click to enlarge )

Novatel Wireless, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Discover Retained At Outperform

Posted: 06 Jul 2011 02:05 PM PDT

Discover has grown to become one of the largest card issuers in the U.S. and a leading innovator and driver of change in the credit card industry. The company continues to explore healthy opportunities for inorganic growth and also implements several capital-bolstering initiatives. These factors induce us to retain our Outperform rating on Discover Financial Services (NYSE:DFS).
Discover has a dominant position in the credit card industry. Along with its existing Discover networks, the company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Gets On IPhone

Posted: 06 Jul 2011 02:05 PM PDT

Starbucks Corporation (NASDAQ:SBUX), the coffee maker has become more interesting for its customers on introducing sophisticated and time-effective technology. It added another application to its portfolio namely Starbucks for iPhone.
The application introduces its popular Starbucks Card eGift feature on a mobile device for the first time and also combines the features of its two popular applications– My Starbucks and Starbucks Card Mobile, offered on iPhone and iPodtouch respectively,.
The coffee … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Acorda Inks Deal With Medtronic

Posted: 06 Jul 2011 02:05 PM PDT

Acorda Therapeutics, Inc. (NASDAQ:ACOR) recently entered into a licensing agreement with Medtronic, Inc. (NYSE:MDT) for AC105. The company acquired worldwide development and commercialization rights to AC105.
The Candidate – AC105
Acorda intends to study AC105 as an acute treatment for patients who have suffered neurological trauma, such as spinal cord injury (SCI) and traumatic brain injury (TBI). The candidate has demonstrated neuroprotective properties and improvement of locomotor function in SCI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: CNW, FDX, SBNY, UPS

Posted: 06 Jul 2011 02:00 PM PDT

07/06/11 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 – EUR/USD Down At The End Of U.S. Session

Posted: 06 Jul 2011 01:55 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4319, down 0.76% at time of writing.<br/><br/> The pair was likely to find support at 1.4287, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.42% to hit 0.8946 and EUR/JPY falling 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session

Posted: 06 Jul 2011 01:40 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.<br/><br/> USD/JPY was trading at 80.93, down 0.17% at time of writing.<br/><br/> The pair was likely to find support at 80.54, Monday&rsquo;s low, and resistance at 81.19, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.78% to hit 1.4317 and GBP/USD falling 0.37% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wednesdays With Wyckoff: Absorption And Distribution

Posted: 06 Jul 2011 01:38 PM PDT

This week's "Wednesdays with Wyckoff" lesson gives us another colorful description of an important trading principle – that of supply and demand.
The lesson this week comes from Richard Wyckoff's Studies in Tape Reading and explains how we can visualize supply and demand – absorption and distribution – in the context of a short-term move.
Let's start with the text and then move to a present day example:
"Just now, I took a small piece of blotting paper [which is like a sponge ... [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medco To Better Tackle Hepatitis C

Posted: 06 Jul 2011 01:35 PM PDT

Medco Health Solutions (NYSE:MHS) is making attempts to curtail costs of treating patients suffering from hepatitis C (HCV). The company's specialty pharmacy segment, Accredo Health Group, considers patient adherence to the treatment most significant as any contrary behavior could lead to liver cirrhosis and certain cancers.
Accredo is optimistic about two new HCV medications — boceprevir and teleprevir — although the treatment process is quite complex and requires greater degree of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Constellation Brands

Posted: 06 Jul 2011 01:35 PM PDT

Constellation Brands Inc. (NYSE:STZ), the largest wine company in the world, posted its first-quarter 2012 results. Street analysts had nearly a week to ponder the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On June 30, 2011, Constellation Brands delivered an adjusted EPS of 39 cents in its first quarter ended May 31, 2011, outperforming the Zacks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Deckers Acquires Sanuk

Posted: 06 Jul 2011 01:35 PM PDT

Deckers Outdoor Corporation (NASDAQ:DECK), the manufacturer of sheepskin boots and slippers, recently announced that it has completed the buyout of the Sanuk brand on July 1, 2011.
In an earlier release, Deckers stated that it has entered into asset purchase conformity to acquire the Sanuk brand with an initial payment of $120 million in cash. The latter is known for its exclusive sandals and shoes and notable marketing.
The contract includes further participation payments based on the performance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 06 Jul 2011 01:25 PM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4311, down 0.82% at time of writing.<br/><br/> The pair was likely to find support at 1.4287, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.42% to hit 0.8946 and EUR/JPY falling 1.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.45%

Posted: 06 Jul 2011 01:10 PM PDT

Forex Pros – pros – U.S. stocks were up after the closing bell on Wednesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.45%, the S&P 500 index gained 0.10%, while the Nasdaq 100 index climbed 0.31%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 0.44%; Germany&rsquo;s DAX shed 0.11%; Britain&rsquo;s FTSE 100 declined 0.35%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP Unveils New Printer For SMBs

Posted: 06 Jul 2011 01:06 PM PDT

Hewlett-Packard Co. (NYSE:HPQ) has always remained pro-active on the SMB (small & medium businesses) front. Recently, the tech monster enriched its much coveted printer portfolio with the launch of LaserJet Pro 100 color MFP M175nw, which is targeted at the business needs of SMBs.
The newest printer in the family is smaller in size. It features "automatic on/off and instant on" technologies, which will conserve energy and reduce carbon dioxide emissions.
The printer can also be connected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On IntercontinentalExchange

Posted: 06 Jul 2011 01:06 PM PDT

IntercontinentalExchange Inc. (NYSE:ICE) develops and offers a diverse array of products and a broad range of risk management services. Also, the company demonstrated immense growth potential in its futures and OTC markets, thereby gaining competitive leverage.
Its intermittent restructuring programs through acquisitions and spin-offs have driven robust inorganic growth. The company possesses a sturdy balance sheet with strong cash, receivables and capital position.
However, these positives are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AK Steel Electric Furnace Damaged

Posted: 06 Jul 2011 01:06 PM PDT

West Chester, Ohio-based flat-rolled steelmaker, AK Steel Corporation (NYSE:AKS) announced that its #5 electric arc furnace (EAF) at its Butler, Pennsylvania Works was damaged on July 1, 2011, when molten steel inside the furnace breached the furnace shell harming certain components.
Steel production at Butler Works resumed the following day using other electric furnaces at the plant that were not affected by the incident.
The company announced that it did not expect customer shipments to be badly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Oilwell To Buy Ameron

Posted: 06 Jul 2011 01:06 PM PDT

Oilfield services firm National Oilwell Varco Inc. (NYSE:NOV) has agreed to acquire industrial parts maker Ameron International Corp. (NYSE:AMN) for about $772 million in cash. The transaction, which has been approved by the boards of both the companies but awaits regulatory and shareholder approvals, is expected to close by the fourth quarter of 2011.
As per the deal, Ameron shareholders would get $85 in cash for each share they hold. At Ameron's Friday closing stock price of $66.27, the deal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold And Silver: Short Term Pullback In Secular Uptrend

Posted: 06 Jul 2011 01:04 PM PDT

We have witnessed an important watershed in world history with the unwinding of QE2. Every citizen, no matter where, has a ready camera eye on the world, carried in his smart phone case. Even more so does the internet provide the anvil for major nations to forge economic strategies. "Swords are being hammered into cybershares."
We think of wars being fought with soldiers on battlefields, now Cyberspace is the new field of combat. As we have seen with the uprisings in North Africa and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 06 Jul 2011 12:55 PM PDT

Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Wednesday.<br/><br/> GBP/USD was trading at 1.5995, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 1.5949, today&rsquo;s low, and resistance at 1.6140, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.42% to hit 0.8946 and GBP/JPY falling 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DC Park Police Gestapo Violate First Amendment

Posted: 06 Jul 2011 12:54 PM PDT

“Why I Was Arrested at a D.C. Taxi Commission Meeting”

Here’s Reason.tv Producer Jim Epstein’s account of what happened:

“On June 22, 2011, I attended a meeting of the D.C. Taxi Commission for a story I’m currently working on about a proposed medallion system in the district. About half-an-hour into the meeting, I witnessed journalist Pete Tucker snap a still photo of the proceedings on his camera phone. A few minutes later, two police officers arrested Tucker. I filmed Tucker’s arrest and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Micromet

Posted: 06 Jul 2011 12:35 PM PDT

We have maintained a Neutral rating on Micromet, Inc. (NASDAQ:MITI) with a target price of $6.00 per share.
We believe Micromet's lead pipeline candidate, blinatumomab, holds tremendous potential in the treatment of Acute lymphoblastic leukemia (ALL). Blinatumomub is one of the leading BiTE antibodies. BiTE antibodies represent a new class of antibodies that activate the T-cells of a patient's immune system to eliminate cancer cells.
The company is conducting a pivotal study of blinatumomab … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Health Management To Acquire Mercy

Posted: 06 Jul 2011 12:35 PM PDT

Health Management Associates (NYSE:HMA), a leading operator of hospitals, recently revealed that its subsidiary had reached a definitive agreement to purchase the assets of Mercy Health Partners, a unit of Catholic Health Partners. As a consequence, Health Management will take over, or lease, all 7 hospitals of Mercy Health Partners, with 1,323 licensed beds, and further continuum-of-care services, which is a part and parcel of the East Tennessee health system based out of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Johnson Controls Gets EnergyConnect

Posted: 06 Jul 2011 12:35 PM PDT

Johnson Controls Inc. (JCI) announced that it has completed the previously announced acquisition of California-based EnergyConnect Group Inc. on July 1. The company purchased the company for $32.3 million.
EnergyConnect Group Inc. provides demand-response services to the electricity grid. The demand-response programs offer incentives for curtailing consumption during periods of peak demand.
The acquisition will boost the company's Building Efficiency business as EnergyConnect's technologies … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours

Posted: 06 Jul 2011 12:30 PM PDT

Forex Pros – pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.<br/><br/> USD/CHF was trading at 0.8399, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.8365, today&rsquo;s low, and resistance at 0.8526, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.89% to hit 1.4301 and USD/JPY falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 06 Jul 2011 12:10 PM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday.<br/><br/> USD/CAD was trading at 0.9654, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 0.9580, Friday&rsquo;s low, and resistance at 0.9695, today&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.84% to hit 1.4308 and GBP/USD falling 0.44% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Raises Its Key Interest Rate For The 3rd Time This Year

Posted: 06 Jul 2011 12:00 PM PDT

07/06/11 With inflation hitting a 34-month high of 5.5 percent in May, China’s central bank announced that the benchmark rate for one-year loans will be raised by 25 basis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 06 Jul 2011 11:45 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Wednesday.<br/><br/> EUR/USD was trading at 1.4305, down 0.86% at time of writing.<br/><br/> The pair was likely to find support at 1.4287, today&rsquo;s low, and resistance at 1.4579, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8949 and EUR/JPY falling 1.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Challenging The Middle Class Stagnation Myth: From 1979-2007 The Rich Got Richer And Poor Got Richer

Posted: 06 Jul 2011 11:33 AM PDT

Click to enlarge.

It's a familiar and frequently-told narrative that middle-class incomes have stagnated over the last several generations while the upper-income groups have gotten richer.  President Obama has promoted this narrative by claiming in 2009 that  "For many years, middle class Americans have been working harder, yet not enjoying their fair share of the fruits of a growing economy.”

But a new working paper titled "A “Second Opinion” on the Economic Health of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Back Below The 1.4300 Level

Posted: 06 Jul 2011 11:20 AM PDT

The EURUSD has moved back below the 1.4300 level and is looking to enter back into the channel from earlier in the NY session.  The pair has additional support at the 1.4283 level  where the 61.8% of the move up from the June 27th low is found.  The failure to get above the 1.4339 level or extend above the 100 bar MA on the 5 minute chart keeps the bears in control. The burden of proof remains on the bulls/profi takers to reach upside targets. So far, they have not been able to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

07/06 FX Options Report

Posted: 05 Jul 2011 07:50 PM PDT

The EUR continued to see downward pressure vs. the USD and JPY. Moody’s downgraded Portugal’s credit, ahead of the ECB rate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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