DailyMarkets.com - Forex – NZD/USD Down In Asian Trade

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• Forex – NZD/USD Down In Asian Trade
• Hertz Bid For Dollar Thrifty Continues
• What If There’s No Debt Ceiling Increase?
• Currency Manipulation In Favor Of U.S. Consumers
• The Day Ahead: FOMC Minutes, International Trade, German CPI, UK CPI, BoJ Rate Decision
• Hot Option Plays: It’s Getting Chop In Here
• Stock Market Ideas For Tuesday, July 12
• Markets In Everything: Yuan And Cow Breast Milk
• U.S. Markets Close Lower; Dow Jones Down 1.20%
• Compuware Launches New Benchmarks
• Alcoa Begins Earnings Season With Mixed Results
• Closing Bell Market Monitor: ARJ, HTZ, NWSA, AA
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Forex – USD/CHF Down During The U.S. Session
• CNOOC Huizhou Refinery Catches Fire
• NYSE Euronext Clears First Hurdle In Merger
• Update On Amylin’s Bydureon
• Forex Trading: USD/JPY Breaks Down Rising Channel
• Ford Sets Higher Sales Target In Turkey
• Federated Lowered To Underperform
• Cognizant And Visma Aid Norway Post
• P&G Perturbed On Product Imitation
• Medtronic Uncovers Battery Problem
• Forex – USD/JPY Down In U.S. Trade
• Valeant To Buy SNY Dermatology Unit
• CareFusion Buying Rowa For $150M
• CryoLife’s Stake In ValveXchange
• US Steel’s Clairton Ahead Of Schedule
• Toyota Still Pins Hope On Europe
• Forex Trading: USDJPY Moves Toward The 80.00 Support. EURJPY Fares Much Worse.
• Forex – GBP/USD Down In U.S. Trading Hours
• Use This Reference Chart To Make Sense Of Current SPX Range
• Valeant To Buy SNY Dermatology Unit
• FRT Obtains New Credit Facility
• Natural Gas Stockpiles Up 95 Bcf
• MPG Sells Orange County Asset
• Peabody-MT Make Joint Bid
• ConocoPhillips To Shed Vietnam Assets
• MarkWest Prices Unit Offering
• Sempra Signing Renewable Contracts
• MarkWest Prices Unit Offering
• Crowd Forms Around Clorox Call Options
• Forex – EUR/USD Down In U.S. Trade
• European Markets Close Lower; Dax Down 2.33%
• Hot Option Plays: Political Turmoil Takes Over Market
• Entergy Unit To Sell Bonds
• June Mixed For Air Traffic
• InterMune Kicks Off ASCEND Study
• Novartis Presents Afinitor Data
• Silver: Bullish Channel Breakout Can Lead To 39.50; 35.10 Is Pivotal Support
• NeuroMetrix Unveils DPN Test
• Nelnet Reaffirmed At Neutral
• MEMC, Jusung In Solar Deal
• PetroChina’s Prospective Partnership
• Banco Central Do Brasil Announces Further Measures To Cap Real Gains
• “Italy…not A Pleasant Surprise For The Markets”
• Risk Aversion Strong To Start Week
• Don’t Miss Your Chance To Catch A Bull Market

Forex – NZD/USD Down In Asian Trade Posted: 11 Jul 2011 04:50 PM PDT Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8262, down 0.35% at time of writing.<br/><br/> The pair was likely to find support at 0.8238, Wednesday&rsquo;s low, and resistance at 0.8384, Friday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.20% to hit 1.2878 and EUR/NZD rising 0.42% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hertz Bid For Dollar Thrifty Continues Posted: 11 Jul 2011 03:57 PM PDT 07/11/11 Hertz Global Holdings plans to extend an exchange offer to acquire Dollar Thrifty Automotive Group. Avis Budget and Hertz have been battling to acquire Dollar Thrifty for over a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

What If There’s No Debt Ceiling Increase? Posted: 11 Jul 2011 03:35 PM PDT In light of the potential failure to raise the debt limit, I took a good hard look at the Monthly Treasury Statement for May. I subtracted the amount of revenues collected in the first 8 months of the year from the estimates for the full fiscal year to get the revenues the government can expect to get between now and the end of September. If the Treasury can not borrow, the only spending it will be able to do is from the cash that is coming in the door. The total expected revenues are $689.35 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Currency Manipulation In Favor Of U.S. Consumers Posted: 11 Jul 2011 03:34 PM PDT From a WSJ article today “China Boosts Lead in Global Exports” about China’s exports setting several new records in June:  “China’s critics, including members of the U.S. Congress, say an undervalued currency unfairly helps Chinese exporters.”  Don Boudreaux responds on Cafe Hayek: “Overwhelmingly, the beneficiaries are non-Chinese consumers (including Americans) of China's subsidized exports. In contrast, the people unfairly burdened are exclusively Chinese citizens – both as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: FOMC Minutes, International Trade, German CPI, UK CPI, BoJ Rate Decision Posted: 11 Jul 2011 10:20 AM PDT 07/11/11 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: It’s Getting Chop In Here Posted: 11 Jul 2011 03:17 PM PDT Cusick’s Corner What does an animal do when it is cornered? It gets scared, might even cower, but more times than not it fights back which could best characterize the longs that are in this market now. VIX popped this morning, +15.4%, and the longs that were recently entering the market are in the red after two sessions of down drafts. So expectations from here are that we could get some whippy action and fundamentals, specifically earnings, will be the focal point. While this does not diminish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Ideas For Tuesday, July 12 Posted: 11 Jul 2011 02:52 PM PDT ( click to enlarge ) This still looks pretty good on the daily chart with volume expanding as it moves higher. Coffee Holding Co., Inc. (JVA) continues to look bullish and had a decent day today. The stock hit a high of $30.98, which is resistance for the next upside move. I’m buyer of JVA once it breaks through this high and i expect to see heavy buying drive the stock higher. ( click to enlarge ) XenoPort, Inc. (NASDAQ:XNPT) is facing a period of sideways action while it consolidates the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Yuan And Cow Breast Milk Posted: 11 Jul 2011 02:39 PM PDT 1. Chicago Mercantile Exchange introduces futures contracts for the Chinese yuan.  Guess that means the “unfair pegging” of the yuan is over. 2. Human Breast Milk From … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.20% Posted: 11 Jul 2011 02:10 PM PDT Forex Pros – pros – U.S. stocks were down after the closing bell on Monday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 1.20%, the S&P 500 index shed 1.81%, while the Nasdaq 100 index declined 1.82%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 2.71%; Germany&rsquo;s DAX shed 2.33%; Britain&rsquo;s FTSE 100 declined 1.03%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Compuware Launches New Benchmarks Posted: 11 Jul 2011 02:05 PM PDT Compuware Corporation (NASDAQ:CPWR) recently announced the launch of new website and mobile performance benchmarks for both healthcare and auto/property insurance providers. Compuware, which provides software products and professional services to many of the largest users of information systems across the world, also launched a new Mobile Site Performance Index for U.S. auto and property insurers. Management at Compuware stated that healthcare and auto/property insurance providers are increasingly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alcoa Begins Earnings Season With Mixed Results Posted: 11 Jul 2011 02:05 PM PDT Alcoa Inc (NYSE:AA) officially kicked off another earnings season on Monday with mixed second-quarter results. Revenue came in better than expected, but earnings per share were short for the first time in five quarters. The company reported adjusted earnings per share of 32 cents, missing the Zacks Consensus Estimate of 34 cents. Earnings estimates had been falling heading into the number, and the stock was downgraded to a Zacks #4 Rank (Sell) on July 7. Revenue for the quarter rose 27% to $6.585 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: ARJ, HTZ, NWSA, AA Posted: 11 Jul 2011 02:00 PM PDT 07/11/11 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: 11 Jul 2011 01:55 PM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4026, down 1.67% at time of writing.<br/><br/> The pair was likely to find support at 1.3987, today&rsquo;s low, and resistance at 1.4467, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.75% to hit 0.8818 and EUR/JPY falling 2.15% to hit … [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: 11 Jul 2011 01:50 PM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4032, down 1.63% at time of writing.<br/><br/> The pair was likely to find support at 1.3987, today&rsquo;s low, and resistance at 1.4467, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.71% to hit 0.8821 and EUR/JPY falling 2.09% 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: 11 Jul 2011 01:50 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.26, down 0.47% at time of writing.<br/><br/> The pair was likely to find support at 80.11, today&rsquo;s low, and resistance at 81.48, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.63% to hit 1.4032 and GBP/USD falling 0.93% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down During The U.S. Session Posted: 11 Jul 2011 01:45 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8355, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.8331, today&rsquo;s low, and resistance at 0.8520, 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 1.63% to hit 1.4031 and USD/JPY falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNOOC Huizhou Refinery Catches Fire Posted: 11 Jul 2011 01:35 PM PDT According to an industry source, a fire forced the closure of operations in the 800,000 ton-per-year aromatics unit of CNOOC Ltd.'s (CEO) Huizhou refinery. Natural gas condensate or naptha is generally processed in an aromatics refinery to get the final product i.e. petrochemicals such as benzene and paraxylene. The facility, owned by the parent of CNOOC, is located in the southern Guangdong province. It has a crude refining capacity of 240,000 barrels per day. As per reports, a blast in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYSE Euronext Clears First Hurdle In Merger Posted: 11 Jul 2011 01:35 PM PDT Last week, NYSE Euronext Inc. (NYSE:NYX) achieved its first milestone on receiving a green light for its merger with Deutsche Boerse. Preliminary results showed that about 96% of the shares voted, or 65% of NYSE Euronext's shareholders, gave their consent for the merger in the US. The result comes after the companies had reconciled with NYSE investors last month with a special dividend payout of $910 million, to be distributed upon the culmination of the merger deal. In February this year, NYSE … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Update On Amylin’s Bydureon Posted: 11 Jul 2011 01:35 PM PDT Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and its partners, Eli Lilly and Company (NYSE:LLY), and Alkermes, Inc. (NASDAQ:ALKS), recently presented results from a thorough QT (tQT) study with exenatide. The study was conducted in accordance with the US Food and Drug Administration's (FDA) requirements for the New Drug Application (NDA) for Bydureon (exenatide once-weekly). The study evaluated the potential of exenatide to increase the QT interval across a wide range of plasma concentrations. The study, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USD/JPY Breaks Down Rising Channel Posted: 11 Jul 2011 01:23 PM PDT USD/JPY (4-hour chart) as of Monday (7/11/2011) has broken down decisively below a rising channel that extends back to the early June low. This breakdown occurs after the bottom border of the channel was respected at the very end of last week. A key support target immediately to the downside on this channel breakdown resides around the 79.50 price region, the area of the major low that occurred in early May. To the upside, key resistance within the context of the current bearishness now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ford Sets Higher Sales Target In Turkey Posted: 11 Jul 2011 01:10 PM PDT Ford Otomotiv Sanayi AS (Ford Otosan), a Turkey-based joint venture operated by Ford Motor Co. (NYSE:F) and its Turkish partner, Koç Holding, revised upward its sales forecast to 351,000 units from 345,000 units for 2011. The forecasted sales reflect a 16% increase from the sales in 2010. The guidance included domestic sales of 135,000 units, up from the previous forecast of 131,000 units and 126,000 units in 2010, and exports of 216,000 units, up from the prior guidance of 214,000 units and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federated Lowered To Underperform Posted: 11 Jul 2011 01:05 PM PDT We have downgraded our recommendation on Federated Investors Inc. (NYSE:FII) to Underperform from Neutral based on expected downward pressure on assets under management (AUM), flows and margins. Regulatory backdrop, waning equity markets and sluggish global economic growth are expected to keep earnings under pressure. In April, Federated's first-quarter 2011 earnings came in at 43 cents per share, in line with the Zacks Consensus Estimate, but better than the year-ago quarter's earnings of 38 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cognizant And Visma Aid Norway Post Posted: 11 Jul 2011 01:05 PM PDT Cognizant Technologies (NASDAQ:CTSH) has teamed up with Norway-based Visma, a provider of leading business software and processes for accounting and payroll. Both companies have agreed to deliver finance and accounting services to Norway Post, as part of a multi-year outsourcing contract. The financial terms of the transaction were not disclosed. Owned by the Norwegian Ministry of Transport and Communication, Norway Post develops and delivers integrated, value-added communications and logistics … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

P&G Perturbed On Product Imitation Posted: 11 Jul 2011 01:05 PM PDT Procter & Gamble Company (NYSE:PG), the leading consumer goods producer has taken legal action against Luhns GmbH, a private-label manufacturer and distributor of Hand Dish Washing liquids, in the District Court of Düsseldorf, Germany.    The retail giant Procter & Gamble has alleged Luhns of violating P&G's intellectual property (rights?) by manufacturing and selling certain Magnum private label Hand Dish Washing detergents to a retailer in Great Britain and Northern … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Uncovers Battery Problem Posted: 11 Jul 2011 01:05 PM PDT Medtronic (NYSE:MDT) is notifying physicians about a potential battery problem in a small percentage of its SynchroMed II Implantable Drug Infusion Pumps.  The company had initially communicated about reduced battery performance to physicians in July 2009. However, Medtronic is neither recalling the products from the field nor recommending surgical removal of the device unless a patient's pump demonstrates reduced battery performance. The company concluded that the formation of a film … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down In U.S. Trade Posted: 11 Jul 2011 01:05 PM PDT Forex Pros – pros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 80.32, down 0.40% at time of writing.<br/><br/> The pair was likely to find support at 80.11, today&rsquo;s low, and resistance at 81.48, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 1.69% to hit 1.4023 and GBP/USD falling 0.95% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valeant To Buy SNY Dermatology Unit Posted: 11 Jul 2011 12:35 PM PDT Valeant Pharmaceuticals International, Inc. (NYSE:VRX) announced that it has entered into yet another deal that would entrench its already strong presence in the dermatology market in the US and Canada. This time Valeant intends to acquire Dermik, a dermatology unit of Sanofi Aventis (NYSE:SNY), in the US and Canada. Dermik's product portfolio comprises of popular aesthetic as well therapeutic dermatological brands like Benzaclin for the treatment of acne, Carac for the treatment of keratoses and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CareFusion Buying Rowa For $150M Posted: 11 Jul 2011 12:35 PM PDT Medical technology company CareFusion Corporation (CFN) recently made a deal to buy German medication storage systems maker Rowa GmbH for roughly $150 million. Rowa, which has customers in 30 countries, specializes in high-speed robotic medication storage and retrieval systems for retail and hospital pharmacies. The company has deployed more than 3,500 automation systems in retail and hospital pharmacies and added 500 new customers last year. In addition to its stronghold in Germany, Rowa has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CryoLife’s Stake In ValveXchange Posted: 11 Jul 2011 12:35 PM PDT Medical devices and tissue processing company CryoLife (NYSE:CRY) recently revealed an equity investment of $3.5 million in ValveXchange Inc., a privately held device company hived out of Cleveland Clinic. ValveXchange develops life-long heart valve replacement know-how including exchangeable bioprosthetic leaflets. It is an emerging tech company, based in Colorado, developing the first "serviceable" bio-prosthetic heart valve. By raising the probability of time-to-time, less invasive exchange … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Steel’s Clairton Ahead Of Schedule Posted: 11 Jul 2011 12:35 PM PDT United States Steel Corp.(NYSE:X) announced that its $600 million coke oven battery and two quenching towers at its Clairton plant will be completed in November 2012; two months earlier than previously announced. The project is a major investment by U.S. Steel in the Mon Valley and western Pennsylvania. U.S. Steel will reduce the emissions by a greater amount than expected by replacing two coke quenching towers with low-emission quenching towers, and by bringing three old coke batteries into … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Still Pins Hope On Europe Posted: 11 Jul 2011 12:35 PM PDT Toyota Motor Corp. (NYSE:TM) revealed that although it expects its European operations to report a loss in the first half of 2011, it will revert to profit for the full year 2011. Despite reporting a profit for the first quarter of the year, the company's earnings for the first half of 2011 will be marred by the adverse impact from the earthquake and tsunami in Japan on March 11. Pre-Disaster Forecast Before the disaster in Japan, Toyota announced that it expects European sales to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Toward The 80.00 Support. EURJPY Fares Much Worse. Posted: 11 Jul 2011 12:19 PM PDT The USDJPY broke through the 80.41 level and has wandered down since that time. The low just reached 80.098. The next key target is the 80.00 level.  A move below that level will look toward the 79.69 level which was the June low. On the topside, resistance comes in at 80.315 currently. This was the initial low for the day reached (see chart below). Traders who are short would not welcome a move back above this level or the 80.41 level (outlined above).  To do so would take … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down In U.S. Trading Hours Posted: 11 Jul 2011 12:15 PM PDT Forex Pros – pros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.5904, down 0.96% at time of writing.<br/><br/> The pair was likely to find support at 1.5883, today&rsquo;s low, and resistance at 1.6091, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.82% to hit 0.8811 and GBP/JPY falling 1.49% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Use This Reference Chart To Make Sense Of Current SPX Range Posted: 11 Jul 2011 12:11 PM PDT We've all been hearing conflicting analysis as to whether the market will "certainly" be going up or down in the near future, but the reality is that the market is caught in a "year to date" tug-of-war between buyers and sellers which has given us clear reference areas to monitor. Let's cut through all the smoke and focus on the clear reference areas – with regard to current "Value" – that define the current "Range" Stock Market Structure. First, let's look at the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valeant To Buy SNY Dermatology Unit Posted: 11 Jul 2011 12:05 PM PDT Valeant Pharmaceuticals International, Inc. (NYSE:VRX) announced that it has entered into yet another deal that would entrench its already strong presence in the dermatology market in the US and Canada. This time Valeant intends to acquire Dermik, a dermatology unit of Sanofi Aventis (NYSE:SNY), in the US and Canada. Dermik's product portfolio comprises of popular aesthetic as well therapeutic dermatological brands like Benzaclin for the treatment of acne, Carac for the treatment of keratoses and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

FRT Obtains New Credit Facility Posted: 11 Jul 2011 12:00 PM PDT Federal Realty Investment Trust (NYSE:FRT), a real estate investment trust (REIT) that owns, manages and develops retail and mixed-use properties, has recently obtained a new $400 million unsecured revolving credit facility to repay its existing debt. The new credit facility replaced the erstwhile $300 million credit facility that was scheduled to mature in July 2011. The new credit facility, which bears an annual interest of LIBOR plus 115 basis points, is scheduled to mature in July 2015. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Stockpiles Up 95 Bcf Posted: 11 Jul 2011 12:00 PM PDT The U.S. Energy Department’s weekly inventory release showed a larger-than-expected build-up in natural gas supplies on the back of above-average growth in each of the three storage regions. This was partially offset by a strong uptick in demand in the power sector, mainly due to high temperatures in the Northeast. 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, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MPG Sells Orange County Asset Posted: 11 Jul 2011 12:00 PM PDT MPG Office Trust Inc. (NYSE:MPG), a real estate investment trust (REIT), has recently sold a non-core asset as part of its strategic plan to own and manage a core set of assets and increase its liquidity. The company sold its 2600 Michelson office building in Orange County, California to an unnamed entity for an undisclosed amount. The asset sale has enabled the company to eliminate $110.0 million of mortgage loan secured by the property. At the same time, MPG Office Trust refinanced the mortgage … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Peabody-MT Make Joint Bid Posted: 11 Jul 2011 12:00 PM PDT Coal miner Peabody Energy Corporation (NYSE:BTU) and the steel giant ArcelorMittal SA (NYSE:MT) have jointly made an offer to acquire all shares of Macarthur Coal Limited ("MCC"), the world’s largest producer of seaborne low volatile pulverized coal injection. An offer of AU$4.7 million is made for MCC through a newly formed company; 60% of which is owned by Peabody and the remaining 40% by ArcelorMittal. The newly formed company already has a 16% interest in MCC shares. Shareholders of MCC are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ConocoPhillips To Shed Vietnam Assets Posted: 11 Jul 2011 12:00 PM PDT ConocoPhillips (NYSE:COP) intends to divest its $1.5 billion worth of Vietnam assets in the contentious South China Sea to Petrovietnam and partners. This is reflective of the U.S. oil company's effort to categorize its asset base and sustain its growth trajectory. In a complex of five oilfields in Block 15-1, ConocoPhillips holds a 23.3% interest. Its partners, the state-run Vietnam oil and gas group Petrovietnam, Korea National Oil Corp stake, Korea’s SK Corp and Monaco’s Geopetrol hold a 50%, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MarkWest Prices Unit Offering Posted: 11 Jul 2011 12:00 PM PDT Pipeline operator MarkWest Energy Partners L.P. (MWE) has priced an upsized public offering of 3,500,000 common units at $48.00 a piece, with an over-allotment option for an additional 525,000 units. The gathering and processing master limited partnership (MLP) plans to use the net proceeds from this offering – expected to be approximately $160.9 million after the underwriting discount and estimated offering expenses – to pay back the outstanding debt under its revolving credit facility and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra Signing Renewable Contracts Posted: 11 Jul 2011 12:00 PM PDT San Diego Gas & Electric ('SDG&E'), a subsidiary of Sempra Energy (NYSE:SRE), has signed a 25-year power purchase agreement for 150 megawatts ('MW') of solar power with Solar Gen 2 LLC, a private solar development company based in Greenwich, Connecticut.  It has also signed a one-year contract for 40 MW of geothermal power with Silicon Valley Power ('SVP'). The 150-MW solar project will be built in three phases of 50-MW each at separate sites on fallowed land in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MarkWest Prices Unit Offering Posted: 11 Jul 2011 12:00 PM PDT Pipeline operator MarkWest Energy Partners L.P. (MWE) has priced an upsized public offering of 3,500,000 common units at $48.00 a piece, with an over-allotment option for an additional 525,000 units. The gathering and processing master limited partnership (MLP) plans to use the net proceeds from this offering – expected to be approximately $160.9 million after the underwriting discount and estimated offering expenses – to pay back the outstanding debt under its revolving credit facility and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crowd Forms Around Clorox Call Options Posted: 11 Jul 2011 11:35 AM PDT Crowd forms around Clorox call options Today's tickers: CLX, IGT, EBAY & NVLS (NYSE:CLX) – Clorox Co. – Bullish options activity on the manufacturer and marketer of a range of consumer goods jumped this afternoon with shares in Clorox Company rising 5.6% to $71.94. Clorox has been the subject of takeover chatter on several occasions over the years, which in the past tended to drive up the price of the underlying as well as call volume and options implied volatility. No rumors have come to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trade Posted: 11 Jul 2011 11:35 AM PDT Forex Pros – pros – The Euro was lower against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4018, down 1.72% at time of writing.<br/><br/> The pair was likely to find support at 1.3987, today&rsquo;s low, and resistance at 1.4467, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.79% to hit 0.8814 and EUR/JPY falling 2.28% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 2.33% Posted: 11 Jul 2011 11:25 AM PDT Forex Pros – pros – European stocks were down after the closing bell on Monday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX fell 2.33%, London&rsquo;s FTSE 100 shed 1.03%, France&rsquo;s CAC 40 declined 2.71% and the EURO STOXX 50 was down 2.90%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.34%; the S&P 500 index shed 1.85%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Political Turmoil Takes Over Market Posted: 11 Jul 2011 11:18 AM PDT Cusick’s Corner Selling has been brisk this morning, especially strong after the talks broke over the weekend between the Democrats and Republicans, setting up for some serious battling as we get closer to the August date of missing a payment. The EU continues to be a thorn and early news this morning really put some volatility when Italy was signaling that they, too, are feeling the pain, and sparking a too big to fail discussion. This all spikes volatility and as the selling stays aggressive … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Entergy Unit To Sell Bonds Posted: 11 Jul 2011 11:05 AM PDT Integrated energy company Entergy Corporation (NYSE:ETR) announced that its unit Entergy Louisiana, LLC will sell $206 million bonds through an underwritten public offering. The company intends to utilize the proceeds to reimburse its previously incurred investment recovery costs. Entergy Corporation’s long-term debts as of March 31, 2011 were $11.6 billion, slightly exceeding debt levels as of December 31, 2010. Accordingly, the debt-to-capital ratio at the end of the first quarter 2011 was 57.6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

June Mixed For Air Traffic Posted: 11 Jul 2011 10:55 AM PDT Despite the lingering uncertainty in U.S. recovery as well as debt concerns in Europe, the demand for air travel has rebounded to some extent after the March 2011 Japan catastrophe. For the past several months, air carriers have been struggling with rising fuel prices. In order to alleviate the pressure, the carriers are passing the increased cost to customers by hiking fares. Airline traffic is measured in billions of revenue passenger miles (RPM), which implies one mile flown by one … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

InterMune Kicks Off ASCEND Study Posted: 11 Jul 2011 10:55 AM PDT InterMune (NASDAQ:ITMN) has recently begun a late stage additional study (ASCEND) of its drug Esbriet (pirfenidone) for the treatment of idiopathic pulmonary fibrosis (IPF). InterMune had received a complete response letter (CRL) from the US Food and Drug Administration (FDA) in early May 2010. The regulatory body had requested data from an additional clinical trial before considering the regulatory approval of Esbriet in the US. Accordingly InterMune began the ASCEND study to meet the requirements … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis Presents Afinitor Data Posted: 11 Jul 2011 10:55 AM PDT Recently, Novartis (NYSE:NVS) presented data from a late-stage study (EXIST-1) of its cancer drug Afinitor (everolimus). The randomized, placebo-controlled, double-blind, multicenter study evaluated the safety and effectiveness of the drug compared to placebo for treating patients with subependymal giant cell astrocytomas (SEGAs) coupled with tuberous sclerosis (TS). Results from the study were presented at the International tuberous sclerosis complex (TSC) Research Conference in the US. The study … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver: Bullish Channel Breakout Can Lead To 39.50; 35.10 Is Pivotal Support Posted: 11 Jul 2011 10:36 AM PDT Silver (XAG/USD) - Silver had a strong push last week, (along with gold but not as sharp). The rally broke above a declining channel resistance, seen in the 4H and daily chart. - In the 4H chart, the RSI reading also broke above 70 to establish short-term bullish momentum, and if the reading remains above 40, it can translate into a more medium term bullish outlook. - Another clue for the bullish scenario is an inability to break below the 35.10 pivot. The market can be developing bullish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NeuroMetrix Unveils DPN Test Posted: 11 Jul 2011 10:35 AM PDT Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) has successfully launched its new test, the NC-stat DPNCheck, at the annual conference of the American Diabetes Association ("ADA") in San Diego, California. The NC-stat DPNCheck test has been designed for evaluating systemic neuropathies such as diabetic peripheral neuropathy ("DPN"), a common and serious complication of diabetes. It is a modified version of NeuroMetrix's popular NC-stat device for detecting DPN. NC-stat DPNCheck … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nelnet Reaffirmed At Neutral Posted: 11 Jul 2011 10:35 AM PDT We have reiterated our Neutral recommendation on Nelnet Inc. (NYSE:NNI). The company reported earnings per share of $1.09, excluding items, which surpassed the Zacks Consensus Estimate of $1.06 and improved from $1.01 in the prior-year quarter. The company benefited from revenue diversification through fee-based businesses, a drop in operating expenses and loan loss provisions. Concurrent to the earnings release, the company announced a 3-cent hike in its quarterly dividend to 10 cents. Although … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MEMC, Jusung In Solar Deal Posted: 11 Jul 2011 10:35 AM PDT A leading provider of semiconductor and solar chips, MEMC Electronic Materials Inc.'s (NYSE:WFR) Singapore affiliate recently formed a strategic alliance with Korea-based Jusung Engineering Co. Ltd. Under the agreement, MEMC Singapore and Jusung will combine forces to develop and maintain a high efficiency solar cell production facility for SunEdison (an MEMC subsidiary). Jusung Engineering supplies advanced technology and tools for the fabrication of solar photovoltaic cells. Both partners will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PetroChina’s Prospective Partnership Posted: 11 Jul 2011 10:35 AM PDT State-controlled Chinese energy giant PetroChina (NYSE:PTR) is in talks with Vietnam National Petroleum Corporation, or Petrolimex, for a $212 million project that will strengthen business ties between the two companies. Under the venture, the companies plan to build a pipeline having an initial annual capacity of 10 million tons of petrol, diesel and other products. The pipeline will connect PetroChina's Qinzhou refinery in Guangxi province with Petrolimex’ K130 terminal in Vietnam’s Quang Ninh … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Banco Central Do Brasil Announces Further Measures To Cap Real Gains Posted: 11 Jul 2011 10:35 AM PDT The Banco Central Do Brasil announced measures to discourage dollar shorting in order to cap a persistent rally of its currency, the Real.  The Bank will require that banks with short US dollar positions hold 60% of the value of short positions greater than $1 billion in non-interest bearing deposits at the central bank.  The Banco Central do Brasil had previously required banks to hold 60% of the value of short positions greater than $3 billion on deposit.  The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Italy…not A Pleasant Surprise For The Markets” Posted: 11 Jul 2011 10:29 AM PDT 07/11/11 Sunrise Securities’ Ben Willis discusses global fundamentals and trends in the equity and currency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk Aversion Strong To Start Week Posted: 11 Jul 2011 05:00 AM PDT 07/11/11 Risk aversion continued to rise this afternoon in the forex markets following last weeks poor jobs data in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Don’t Miss Your Chance To Catch A Bull Market Posted: 10 Jul 2011 10:00 PM PDT Many people missed the market's enormous appreciation during the latest equity bull market because they were late to the game or chose to sit on the sidelines. The sideline is a crowded place these days as investors have been reluctant to fully embrace equities. Household savings for the past 12 months totaled $711 billion, the highest level ever recorded in dollar terms. You can see from the chart that's roughly double the amount of savings recorded following the Tech Bubble. In fact, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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