Monday, July 25, 2011

DailyMarkets.com - How Was Your Trend Management On The Silver Explosion

DailyMarkets.com - How Was Your Trend Management On The Silver Explosion

How Was Your Trend Management On The Silver Explosion

Posted: 25 Jul 2011 05:07 PM PDT

Everyone should have a bag full of money after the Silver trade just past. Believe it or not some folks sold out half way up on the silver break out from $20 to $50. This is because they used trendlines or moving averages, and not Gann Angles to determine trend breaks.

Remember Gann Angles do not require two points on the chart to draw they only require one, this means you are NOT pre conditioned as to where the next line of support may be. Gann Angles are a speed test tool on price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In Asian Trade

Posted: 25 Jul 2011 05:05 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4371, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4140, Thursday&rsquo;s low, and resistance at 1.4438, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8829 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade

Posted: 25 Jul 2011 04:15 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 78.25, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 78.06, today&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.02% to hit 1.4374 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down On Economic Data

Posted: 25 Jul 2011 04:05 PM PDT

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on Trade Balance.<br/><br/> NZD/USD was trading at 0.8620, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 0.8527, Wednesday&rsquo;s low, and resistance at 0.8677, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that New Zealand&rsquo;s trade balance rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

New Zealand’s Trade Balance Rises Less-than-expected

Posted: 25 Jul 2011 04:00 PM PDT

Forexpros – New Zealand&rsquo;s trade balance rose less-than-expected last month, data showed on Monday.<br/><br/>In a report, Statistics New Zealand said that the trade balance rose to a seasonally adjusted 230M, from 552M in the preceding month whose figure was revised down from 605M.<br/><br/>Analysts had expected the trade balance to rise 404M last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USPS Seeks Cost-cutting Measures

Posted: 25 Jul 2011 03:57 PM PDT

07/25/11 The US Postal Service continues to weigh additional ways to save the cash-strapped business. The USPS may raise prices and scale down days of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.70%

Posted: 25 Jul 2011 03:40 PM PDT

Forexpros – 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 0.70%, the S&P 500 index shed 0.56%, while the Nasdaq 100 index declined 0.22%.<br/><br/> Meanwhile, across the Atlantic, European stock markets were mixed at close. France&rsquo;s CAC 40 was down 0.65%; Germany&rsquo;s DAX gained 0.25%; Britain&rsquo;s FTSE 100 declined 0.16%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 25 Jul 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Monday.<br/><br/> NZD/USD was trading at 0.8649, up 0.09% at time of writing.<br/><br/> The pair was likely to find support at 0.8527, Wednesday&rsquo;s low, and resistance at 0.8677, today&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.06% to hit 1.2544 and EUR/NZD falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

2010 House Vote Portends An Obama Loss In 2012

Posted: 25 Jul 2011 03:26 PM PDT

AEI Fellow Michael Barone presents some really interesting political analysis in his article “How to Understand Obama's Chances in 2012″:

House Vote

Presidential Vote

Year
Rep%
 Dem%     
Rep%
Dem%

2010
52
45

2008
43
54
46
53

2006
45
53

2004
50
47
51
48

2002
51
46

2000
48
48
48
48

1998
49
48

1996
49
49
41
49

1994
52
44

“To what extent can we consider the popular vote for the House in off-year elections as a prediction of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: Earnings – 3M, Amazon.com, BP, Deutsche Bank, Electronic Arts, Ford, GlaxoSmithKline, UBS, UPS, US Steel; US New Home Sales, Conference Board’s Consumer Confidence, S&P Case-Shiller HPI, Richmond Fed Survey

Posted: 25 Jul 2011 10:20 AM PDT

07/25/11 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: Final Countdown…

Posted: 25 Jul 2011 03:17 PM PDT

Cusick’s Corner
Just like the infamous lyrics from the rock band Europe, “we are in the Final Countdown” and we have republicans and democrats making loop de loops while the Fed prepares to miss a payment, and at whose expense? Ours? Washington has one shot to get this right before they form a ripple that could derail any confidence in recovery that we have at this stage. The downside, from a probability perspective, of at least being below the levels that I mentioned in the Midday of 1310 is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Oilwell Buys STSA

Posted: 25 Jul 2011 03:06 PM PDT

Oilfield services firm National Oilwell Varco (NYSE:NOV) acquired Singapore based drilling equipment maker STSA Pte Ltd ("STSA") in an all-cash transaction. However, financial terms of the deal were not disclosed.
With this acquisition, National Oilwell will capture STSA's leading position in the blowout preventers (BOP) refurbishment market and continue to render services of subsea BOP and related pressure control equipment for offshore drilling rigs in the Asia-Pacific belt. The former … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

5 Stocks For Your Watchlist

Posted: 25 Jul 2011 03:06 PM PDT

( click to enlarge )

Staples, Inc. (NASDAQ:SPLS) has finally closed above its 50-day SMA moving average currently placed around levels of $15.90. This stock has just started moving higher and established a short term up-trend. Momentum indicators are slightly bullish now with RSI inching away above the middle level. The strongest sign of a bullish momentum is the MACD indicator which has just started to increase. The On Balance Volume is also showing positive signs on the stock. Price is expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3M’s French Acquisition

Posted: 25 Jul 2011 02:30 PM PDT

3M Company (NYSE:MMM) is all set to acquire the do-it-yourself (DIY) and professional business of GPI Group, a manufacturer and marketer of home improvement products such as tapes, hooks, insulation and floor protection products and accessories.
GPI Group has its headquarters in France. Though both companies have sealed the agreement, the terms of the deal have not been divulged. Subject to regular closing conditions, including regulatory approvals, the transaction is expected to close in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Netflix Hyper-Growth Over?

Posted: 25 Jul 2011 02:30 PM PDT

Netflix (NASDAQ:NFLX) reported second quarter numbers after the close Monday that beat consensus EPS expectations of $1.11 by 15 cents, coming in at $1.26. But the company gave some third quarter guidance that was generally below the analyst outlook.
The stock had finished the regular session up nearly $5 (1.8%) to $281.53. In after hours trade, shares were down nearly $24, over 8% after disappointing on revenue expectations with $788.6 million vs. the view by the street of $791.5 million.
Hey-Days … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BP-RIL Pact Wins Indian Permit

Posted: 25 Jul 2011 02:30 PM PDT

British oil giant BP Plc (NYSE:BP) has received a permit from the Indian government for a $7.2 billion (5.3 billion euros) pact with Reliance Industries Ltd. ("RIL"). The deal was struck in February this year.
Per the agreement, BP plans to buy a 30% stake in 23 of RIL's oil and gas production sharing contracts for a consideration of $7.2 billion. The contracts include India's largest gas field KG-D6.
Also included in the deal is an extra payment of $1.8 billion related to exploration … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Don’t Quite Have This Bull-Shilling Thing Down

Posted: 25 Jul 2011 02:12 PM PDT

I can’t beat ‘em, so guess I’ll join ‘em.
Hey look, it’s a bull market…

…in the shadow inventory of actual and prospective foreclosure properties sitting on banks books.
Wait, what? Sounds like a heck of a lot of supply that can suddenly hit the market. That’s not so good, is it?
Oops, I guess I need to work on my bull-shilling skills.
The truth is, unlike those highly paid “experts” who keep talking about a housing recovery being underway, I still haven’t quite figured out how to spin … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nordstrom Builds Rack Store Count

Posted: 25 Jul 2011 02:10 PM PDT

Nordstrom Inc. (NYSE:JWN), one of the largest fashion specialty retailers in the U.S., intends to further expand its Rack concept by opening a new store in Farmington, Connecticut. The store at the shopping center will include a wide selection of apparels, accessories and shoes of the Nordstrom Rack store.
Nordstrom Rack store is an off-price retail format of Nordstrom that sells the company’s off-season and clearance goods from its mall stores and Nordstrom.com at a discount of 50-60% from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PNC Financial Infuses Capital

Posted: 25 Jul 2011 02:05 PM PDT

PNC Financial Services Group Inc. (NYSE:PNC) has offered $1 billion of perpetual preferred stock, according to a filing with the Securities and Exchange Commission. The capital infusion through this offering would be used by PNC Financial for general corporate purposes, including funding of the pending RBC Bank (USA) acquisition.
The coupon rate is 6.75% and the joint book-running managers of the offering are Bank of America Corp. (NYSE:BAC), JPMorgan Chase & Company(NYSE:JPM) and Morgan Stanley … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Sigma-Aldrich

Posted: 25 Jul 2011 02:05 PM PDT

Sigma-Aldrich Corporation (NASDAQ:SIAL) announced that it would release its results for the second quarter of 2011 before the market opens on July 26, 2011.
Sigma earned a profit of 97 cents in the first quarter of 2011, outshining the Zacks Consensus Estimate of 89 cents. In the upcoming quarter, the Zacks Consensus Estimate for Sigma is pegged at a profit of $92 cents per share, reflecting an annualized growth of 13.80%. The downside potential of the estimate, essentially a proxy for future … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYFP’s Ths Week In Wall Street History

Posted: 25 Jul 2011 02:00 PM PDT

07/25/11 In this weeks episode, the Oscar Mayer Food Corp. is highlighted. From its humble, immigrant butcher roots, to its family-based business model, Oscar Mayer is truly an American and financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session

Posted: 25 Jul 2011 01:55 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4377, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4134, Wednesday&rsquo;s low, and resistance at 1.4438, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8832 and EUR/JPY falling 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: KMB, DOW, NFLX, AMTD

Posted: 25 Jul 2011 08:45 AM PDT

07/25/11 The latest in news, commentary, and information on what’s moving the US equities markets just after the NYSE closing … [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: 25 Jul 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday.<br/><br/> USD/JPY was trading at 78.32, down 0.28% at time of writing.<br/><br/> The pair was likely to find support at 78.06, today&rsquo;s low, and resistance at 79.32, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.14% to hit 1.4378 and GBP/USD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MGI Spreads Out In South America

Posted: 25 Jul 2011 01:38 PM PDT

On Friday, MoneyGram International, Inc. (NYSE:MGI) announced of its alliance with three new agents in South America, adding 1,103 locations to the company's network. The expansion has increased its total locations significantly to 11,305 from 10,200 in the region.
The first agent is Bancolombia, a well known brand, which handles more than 25% of the remittances in Colombia. With about 790 locations, it will be MoneyGram's largest agent in the country. Besides, according to the World Bank, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Veolia And Devon Join Up Again

Posted: 25 Jul 2011 01:38 PM PDT

Veolia Environnement (NYSE:VE) announced that its unit Veolia Water Solutions & Technologies has been selected by Devon Energy Corporation (NYSE:DVN) to supply an induced gas flotation ("IGF") system for the latter’s Jackfish 3 project. The Jackfish project utilizes the Steam Assisted Gravity Drainage ("SAGD") technique to extract bitumen.
The Veolia unit will provide a Whittier Filtration AutoFlot IGF system, with a capacity to treat 932 m3/hour of oil laden produced water. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 25 Jul 2011 01:25 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4377, up 0.13% at time of writing.<br/><br/> The pair was likely to find support at 1.4134, Wednesday&rsquo;s low, and resistance at 1.4438, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8832 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MetLife To Shed Banking Unit

Posted: 25 Jul 2011 01:09 PM PDT

Last week, MetLife Inc. (NYSE:MET) announced its plan to sell MetLife Bank in order to avoid the stringent Federal regulations, which it faces as a bank holding company.
MetLife is primarily an insurance company, whereby the banking unit contributed to merely 2% of its operating earnings in the first quarter of 2011. Although MetLife is the seventh largest bank holding company in the U.S. on the basis of total assets, it lags far behind the top 50 position on the basis of deposits.
This reflects … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dell Eyes Networking Market

Posted: 25 Jul 2011 01:09 PM PDT

After shifting its focus from the traditional PC business to the higher-end data storage market or cloud computing, PC maker Dell Inc. (NASDAQ:DELL) is now exploring opportunities in the networking vertical. Dell's intentions were highlighted by its purchase of Force 10 Networks last week, which is an enterprise networking company, for an undisclosed amount.
Force 10 develops and markets network infrastructure equipment, including high density 10 Gigabit and 100 Gigabit Ethernet, to a variety of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Astec Reports Sound Quarter

Posted: 25 Jul 2011 01:09 PM PDT

Astec Industries Inc. (NASDAQ:ASTE) reported an EPS of 61 cents in the fiscal 2011 second quarter versus 45 cents in the year-earlier quarter, beating the Zacks Consensus Estimate by a penny.
Total revenue increased 18.5% to $247.8 million from $209.2 million in the year-ago quarter, marginally beating the Zacks Consensus Estimate of $247 million.
Domestic sales of the company amounted to $139.5 million in the quarter compared with $129.2 million in the year-earlier quarter. International sales … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EBay Business Looking Up

Posted: 25 Jul 2011 01:09 PM PDT

eBay Inc. (NASDAQ:EBAY) reported second quarter earnings of 46 cents, which was in line with the Zacks Consensus Estimate. Solid revenue growth, the impact of acquisitions, a stronger gross margin and a much lower tax rate helped drive results.
The company also provided an encouraging outlook for the third quarter and raised expectations for the year, which has resulted in buoyant share prices.
Revenue
Gross revenue of $2.76 billion was up 8.4% sequentially and 24.6% year over year, exceeding … [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: 25 Jul 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Monday.<br/><br/> GBP/USD was trading at 1.6294, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.6070, Wednesday&rsquo;s low, and resistance at 1.6345, Monday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8821 and GBP/JPY falling 0.36% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Ecolab

Posted: 25 Jul 2011 12:35 PM PDT

Leading cleaning and sanitation products maker Ecolab Inc (NYSE:ECL) is scheduled to report its second-quarter fiscal 2011 results on July 27. The Minnesota-based company expects adjusted earnings between 62 cents and 64 cents a share.
Ecolab expects improved year-over-year revenue growth in the second quarter. Adjusted gross margin target for the quarter is roughly 50%. The current Zacks Consensus Estimate for revenues and earnings for the second quarter are $1,654 million and 64 cents, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Dr Pepper Snapple

Posted: 25 Jul 2011 12:35 PM PDT

Dr Pepper Snapple Group Inc. (NYSE:DPS) is scheduled to report its second-quarter 2011 financial results before the opening bell on July 27, 2011. The current Zacks Consensus Estimate for the quarter is 77 cents a share. This represents a year-over-year estimated growth of 4.1%.
First-Quarter 2011 Summary
Dr Pepper Snapple reported first-quarter 2011 earnings of 50 cents per share, compared with 40 cents per share in the year-ago period. Quarterly earnings also topped the Zacks Consensus Estimate … [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: 25 Jul 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Monday.<br/><br/> USD/CHF was trading at 0.8056, down 1.74% at time of writing.<br/><br/> The pair was likely to find support at 0.8021, today&rsquo;s low, and resistance at 0.8256, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.13% to hit 1.4376 and USD/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 25 Jul 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Monday.<br/><br/> USD/CAD was trading at 0.9455, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 0.9424, Thursday&rsquo;s low, and resistance at 0.9530, Friday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.13% to hit 1.4377 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Research In Motion To Cut 11% Of Its Workforce

Posted: 25 Jul 2011 12:00 PM PDT

07/25/11 As it continues to struggle to compete with rivals Apple and Google, Blackberry handset maker Research in Motion (RIMM) announced Monday that it will cut costs by cutting roughly 11% of its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 25 Jul 2011 11:45 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Monday.<br/><br/> EUR/USD was trading at 1.4388, up 0.21% at time of writing.<br/><br/> The pair was likely to find support at 1.4134, Wednesday&rsquo;s low, and resistance at 1.4438, Friday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.17% to hit 0.8823 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Miners Outperforming Bullion As Investors Fear Government Defaults

Posted: 25 Jul 2011 11:41 AM PDT

The market wires are ablaze recently with news that all is well in the relationship between Athens and the elites of the Eurozone. The Greek bailout is a fait accompli. The markets have responded with a relief rally that has taken the pressure off of stock and commodity markets internationally since the beginning of July.
All is quiet on the Western Front, one would think. The nagging question is: where is all this money to bail out debtor nations going to come from? Indeed, the Greek … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD: Is The Third Time A Charm?

Posted: 25 Jul 2011 11:40 AM PDT

The GBPUSD has tried to make a move above the trendline for the third time. The break occurred at the 1.6296 level.  Staying above this level opens the door for further momentum buying in the pair. The next targets come in against the highs for the day at the 1.63266 and 1.6337 -1.6341. A move above that level opens up the door for further upside … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Investors Risk Averse On Greek Bailout & Debt Ceiling Uncertainty

Posted: 25 Jul 2011 11:00 AM PDT

07/25/11 Investors were risk averse this afternoon in the forex markets as questions arose as to how the Greek bailout will be carried out while the US debt celing default clock continues to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wolseley Sells Build Center And Holds Talks On Brossette Deal

Posted: 25 Jul 2011 06:28 AM PDT

Building materials and trade supplies group Wolseley (LON:WOS) has agreed to sell Build Center, its building materials distribution business in the UK, to Saint Gobain. It has also entered into exclusive negotiations with Saint Gobain to sell Brossette, its plumbing and heating distribution business in France. The total consideration for the two transactions is £310 million. Shares in Wolseley responded with a 19p gain to 1925p.

In the 11 months ended 30 June 2011, Build Center produced … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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