Friday, July 1, 2011

DailyMarkets.com - Genworth Financial Upgraded

DailyMarkets.com - Genworth Financial Upgraded

Genworth Financial Upgraded

Posted: 01 Jul 2011 09:35 AM PDT

We are upgrading our recommendation on Genworth Financial Inc (NYSE:GNW) to Neutral from Underperform to reflect the company's continued focus on fueling growth and strong rating affirmation from credit rating agencies.
To focus more on its Retirement and Protection segment, Genworth has agreed to sell its Medicare supplement business and related blocks of in-force business. The company has agreed to sell the Medicare business to Aetna Inc. (NYSE:AET). The company also remains focused on fueling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valspar Launches Valspar Plus

Posted: 01 Jul 2011 09:35 AM PDT

The Valspar Corporation's (NYSE:VAL) Valspar Paint launched the first indoor decorative paint, which has been certified by the Asthma and Allergy Foundation of America (AAFA).
The Valspar Plus paint, certified as asthma and allergy friendly, decreases airborne irritants and enhances the painting process of people with respiratory sensitivities.
The Valspar Plus is odor-free and has zero volatile organic compounds. The antimicrobial characteristics of the coating provide resistance to mildew and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WU To Launch An Innovative Card

Posted: 01 Jul 2011 09:35 AM PDT

World's leading money transfer company Western Union Co. (NYSE:WU) has recently announced that it would launch a Western Union Money Transfer Receive Card, which would set in a  new hassle-free way to receive money transfer from across the globe. 
The cards, which will be available at select Western Union Agent locations this summer, can be picked up by consumers without having to fill up any form. After receiving the card, they will have to complete a transaction to receive a money … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Procter & Gamble, Electronic Arts Team Up

Posted: 01 Jul 2011 09:05 AM PDT

Procter & Gamble Co (NYSE:PG) is partnering with Electronic Arts Inc. (NASDAQ:ERTS) to feature its Bounty products in the social game called Playfish Restaurant City. Financial terms of the deal were not disclosed.
Electronic Arts is a global leader in digital interactive entertainment with Playfish and Pet Society as its trademarks.
According to the deal, P&G's Bounty paper towel products will appear in the Playfish Restaurant City social game, where players create and manage virtual … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Montpelier Estimates Cat Loss

Posted: 01 Jul 2011 09:05 AM PDT

Montpelier Re Holdings Ltd. (NYSE:MRH) guided second quarter catastrophe losses from severe flood, hail, tornado and wind events in the United States to $35 million, pre-tax and net of reinsurance recoveries and reinstatement premiums.
However, Montpelier dos not anticipate any losses from the New Zealand earthquake that occurred in June.
Montpelier suffered largely due to huge catastrophe losses coupled with significant increase in expenses as well as lower investment income in the first quarter, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session

Posted: 01 Jul 2011 09:00 AM PDT

Forex Pros – pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4506, up 0.03% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 01 Jul 2011 08:40 AM PDT

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

Medicare To Cover DNDN’s Provenge

Posted: 01 Jul 2011 08:35 AM PDT

Dendreon Corporation (NASDAQ:DNDN) has of late been announcing significant milestones, related to its potential blockbuster cancer vaccine Provenge. Most recently, the company announced that the Centers for Medicare and Medicaid Services (CMS) has agreed to fully reimburse Provenge, an expensive vaccine. CMS is a federal agency that administers the Medicare and Medicaid programs, which provide health care coverage to millions of people in the US.
The agency has issued a final National Coverage … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 01 Jul 2011 08:25 AM PDT

Forex Pros – pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Manufacturing PMI.<br/><br/> GBP/USD was trading at 1.6080, up 0.17% at time of writing.<br/><br/> The pair was likely to find support at 1.5913, Tuesday&rsquo;s low, and resistance at 1.6118, Thursday&rsquo;s high.<br/><br/> Earlier in the day, data showed that The U.K.&rsquo;s manufacturing PMI fell unexpectedly to 51.3 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Darden Meets Est., Hikes Dividend

Posted: 01 Jul 2011 08:05 AM PDT

Darden Restaurants Inc (NYSE:DRI) posted fourth quarter 2011 earnings of $1.00 per share, in line with the Zacks Consensus Estimate, but up 23% from the year-ago quarter’s earnings of 81 cents per share.   
Total revenue jumped 6.8% from the prior-year quarter to $1,990.4 million and also edged out the Zacks Consensus Estimate of $1,990.0 million. Combined same-store sales for the company's three core brands, Olive Garden, Red Lobster and LongHorn Steakhouse, rose 2.2% and fared … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nokia To Divest Messaging Unit

Posted: 01 Jul 2011 08:05 AM PDT

Nokia Corporation(NYSE:NOK), the world's largest mobile phone maker, plans to divest its instant messaging service division to British-based firm Synchronica for $25 million.
The acquisition will allow Synchronica to enter the U.S. market and gain access to Nokia's 6 million end users. Furthermore, it will also enable the company to counter the threat from other premium messaging services such as Research In Motion's (NASDAQ:RIMM) BlackBerry Messenger and the new iMessenger from Apple Inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fresenius Offers Tips For Summer

Posted: 01 Jul 2011 08:05 AM PDT

Fresenius Medical Care (NYSE:FMS), the largest provider of dialysis products and services in the globe, recently offered advice to renal patients to monitor their fluid intake during the parched summer months. Further, the company offered tips to dialysis patients on how to satisfy their thirst, without risking their well-being, during this period.   
Dialysis is a life-preserving mechanism that purifies the blood of waste substances and regulates the physical chemistry when an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 01 Jul 2011 08:00 AM PDT

Forex Pros – pros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> EUR/USD was trading at 1.4483, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4103, Monday&rsquo;s low, and resistance at 1.4551, today&rsquo;s high.<br/><br/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to 55.3 last month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURCHF Surges Through 38.2% And Tests June 2011 Highs

Posted: 01 Jul 2011 07:50 AM PDT

The EURCHF surged higher after holding support on a correction to the 38.2% retracement at the 1.2244 (see daily and 5 minute charts). The move higher peaked at 1.2322. This tested the highs from late May/early June.  Seller seemed to be happy at the level and the price has now retraced 50% of the last leg higher and is back below the earlier high for the day at 1.2300.  Clearly, the volatility is up. 
The bullish news is the price broke above the channel and made … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Front Month Crude Prices Slip

Posted: 01 Jul 2011 07:45 AM PDT

07/01/11 The end of a week and the start of the new quarter has seen a slight slide in crude prices on a slower-than-expected growth in Chinese … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Up In European Trading Hours

Posted: 01 Jul 2011 07:40 AM PDT

Forex Pros – pros – The British Pound was higher against the Japanese Yen on Friday after the release of Japanese data on Tokyo Core CPI.<br/><br/> GBP/JPY was trading at 129.95, up 0.48% at time of writing.<br/><br/> The pair was likely to find support at 128.35, Monday&rsquo;s low, and resistance at 130.08, Wednesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation remained … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Observes Bearish Divergence After Wave Equality

Posted: 01 Jul 2011 07:23 AM PDT

Prev: EUR/GBP in a Double Top as Greek Austerity Vote Passes (6/29)
EUR/GBP
- The EUR/GBP completed a wave equality projection near 0.9075.
- At the end of this swing projection, the market is now showing bearish divergence with the RSI in both the 1H and 4H charts.
- The 0.9015 level is the near-term support. A break targets 0.8966-0.8950.
- If the market can not hold off a correction above 0.8950, the bullish scenario can still exist with the market staying above the 0.8845-0.8850 support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 01 Jul 2011 01:15 AM PDT

07/01/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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