Friday, July 1, 2011

DailyMarkets.com - Kinetic’s V.A.C. Reaches UK

DailyMarkets.com - Kinetic’s V.A.C. Reaches UK

Kinetic’s V.A.C. Reaches UK

Posted: 01 Jul 2011 07:35 AM PDT

Recently, Kinetic Concept's (NYSE:KCI) latest Negative Pressure Wound Therapy (NPWT) product V.A.C. Via secured reimbursement status in UK and will be listed in the UK Drug Tariff, effective August 1, 2011. The company believes this reimbursement decision of the UK health authorities will prove beneficial for the healthcare community as well as patients given its lower pricing and positive clinical results from V.A.C. Via.
Kinetic continuously seeks to develop and commercialize its V.A.C product … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 01 Jul 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 993

Posted: 01 Jul 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Surprises Abound In USDA Planted Acreage Report

Posted: 01 Jul 2011 07:18 AM PDT

Today’s Idea
Lower than expected acreage for Soybeans puts additional pressure on weather conditions to be ideal in order to help the US replenish its current tight inventories. The sell-off seen in prices on Thursday was mainly tied into overflow selling caused by Corn’s limit down move. Some traders may wish to take advantage of the weakness in Soybean prices to possibly explore buying a November Soybean futures, currently trading at 1294.00 as of this writing, with an upside potential of a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Manufacturing Index Comes In Better Than Expected, USD Gains On EUR, JPY

Posted: 01 Jul 2011 07:17 AM PDT

The manufacturing sector in the US faced a sharp slowdown in May, as the ISM Manufacturing PMI fell from 60.4 in April to 53.5 in May. Expectations coming into the June data was for another decline to 51.9 as weaker growth in the US mixed with the aftereffects of supply disruptions as a result of the earthquake in Japan.
However, the release came in better than expected, posting a reading of 55.3.
Here's a look at a chart of the ISM Manufacturing Index over the last few years:

var div = … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down On Economic Data

Posted: 01 Jul 2011 07:15 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 1.4463, down 0.27% 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

ISM Manufacturing PMI Rises Unexpectedly

Posted: 01 Jul 2011 07:10 AM PDT

Forex Pros – pros – The U.S. ISM manufacturing PMI rose unexpectedly last month, industry data showed on Friday.<br/><br/>In a report, the Institute for Supply Management said that the ISM manufacturing PMI rose to 55.3, from 53.5 in the preceding month.<br/><br/>Analysts had expected the ISM manufacturing PMI to fall to 51.5 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD At The Next Key Level. 1.4439-47 Tested

Posted: 01 Jul 2011 07:07 AM PDT

The EURUSD tested the 1.4439-47 level on the downside and has bounced. The price levels corresponds with the highs from Wednesday, the 50% of the move up from Wednesday and the low from yesterdays trade (1.4447).  The pair moved below trendline support at the 1.4482 area earlier today after failing to gather any additional upside momentum on the new high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oracle Buys Pillar Data Systems

Posted: 01 Jul 2011 07:05 AM PDT

Oracle Corp. (ORCL) recently entered into an agreement to acquire privately held data storage company Pillar Data Systems. Oracle CEO Larry Ellison holds a majority stake in Pillar Data Systems.
Under the terms of the agreement, Oracle will not pay anything up-front. Oracle will only pay compensation based on the attainment of operational milestones by Pillar Data Systems. The compensation amount (if any) will be determined by an independent committee. Oracle expects to close the deal in July … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo & BofA Retrench Workers

Posted: 01 Jul 2011 06:55 AM PDT

According to Bloomberg, Bank of America Corp. (NYSE:BAC) will retrench 60 employees in its equity sales and trading unit. The decision was taken to boost revenue in the unit by lowering expenses.
The division, comprising approximately 2,500 people, plans to fire least-productive employees globally. BofA also announced jobs cut of approximately 100 employees in its consumer and small business banking unit as of March 2011. The layoffs are part of BofA’s ongoing efforts to overhaul its consumer … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Micron To Offer Chips To Alcatel

Posted: 01 Jul 2011 06:55 AM PDT

Memory chip manufacturer Micron Technology Inc. (NYSE:MU) will offer its advanced Reduced Latency DRAM (RLDRAM) 3 memory chips to networking solutions provider Alcatel-Lucent (NYSE:ALU). Financial details of the deal were not disclosed.
Alcatel-Lucent is a leading provider of mobile, fixed, IP and Optics technology solutions. It serves service providers, enterprises, strategic industries and governments across the world. Micron's memory chips will be used by Alcatel-Lucent to develop … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 01 Jul 2011 06:50 AM PDT

Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday.<br/><br/> NZD/USD was trading at 0.8244, down 0.57% at time of writing.<br/><br/> The pair was likely to find support at 0.8009, Monday&rsquo;s low, and resistance at 0.8318, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.21% to hit 1.2958 and EUR/NZD rising 0.26% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Short-Term Elliott Wave Count For GBP/JPY; Double 3′s Corrective Structure

Posted: 01 Jul 2011 06:46 AM PDT

Prev: Bullish Breakout to a Declining Wedge Observed in the GBP/JPY (6/29)
GBP/JPY

- GBP/JPY is in consolidation after breaking a declining wedge resistance.
- A double abc corrective structure is shown as the preferred count in the 1H chart. The RSI breaking back above 60 should help kill the bearish momentum established by wave X.
- Wave Y=W target is near 130.26. This is a double 3′s correction scenario.
- The daily chart shows that the decline from 140 has had suspect bearish … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Moves Back Above 100 Hour MA

Posted: 01 Jul 2011 06:43 AM PDT

The USDJPY has moved back above the 100 hour MA at the 80.79 level and looks to conquer the high for the day at the 80.87 level next.   Above that level is the 80.97 which was the high from Monday and some lows from Wednesdays trade. The month high for June was 81.55 and should momentum continue, this would be a goal for the bulls.

The USDJPY has been mired in a non trending range.  The month of June had a 186 pip range which was the narrowest calendar month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starwood Beefs Up Saudi Portfolio

Posted: 01 Jul 2011 06:35 AM PDT

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) is set to further expand in the Kingdom of Saudi Arabia with two new hotels. The company has entered into a deal with Saudi Brothers Commercial Co. to open a Sheraton and a Four Points by Sheraton in Medina. The project is a part of Starwood's plan to open more than 60 Sheraton hotels around the world over the next three years. Starwood has been in partnership with Saudi Brothers Commercial co. for many years now.
Sheraton Medina will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Corn Products International, First Solar, KeyCorp, Lockheed Martin, Lululemon Athletica, Lloyds Tsb Group Plc, NetApp, USANA Health Sciences, Worthington Industries

Posted: 01 Jul 2011 06:35 AM PDT

    Shares of Cell Therapeutics, Inc. (CTIC) declined by 19.64% after the cancer drug developer said it was selling Series 13 preferred stock worth $30 million

    Vitamin maker USANA Health Sciences Inc.'s (NASDAQ:USNA) shares rose 7.90% after the company’s projected second-quarter profits came in above the Street’s estimates

    The Board of directors of Worthington Industries Inc. (NYSE:WOR) has authorized the repurchase of an additional 10 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JetBlue Partners With Qatar Airways

Posted: 01 Jul 2011 06:35 AM PDT

The discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) has entered into a partnership with Qatar Airways.  This is the eleventh partnership made by the company since its inception.
The alliance lets travelers avail of both carriers from New York’s John F. Kennedy (JFK) International Airport and Washington Dulles International Airport.
In the U.S., Qatar Airways offers daily flights to Doha from Houston, New York, and Washington. In addition, the company operates several … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Gains Across Board As Markets Depart Swiss Franc

Posted: 01 Jul 2011 06:28 AM PDT

The U.S. Dollar was higher against all of its major counterparts in the Asian and European session as the markets reallocated their safe-haven bets from the Swiss Franc to the Greenback. In fact, the Swiss Franc continued its horrid run this week, having fallen all five days in the last week of June. The Franc fell the most against the U.S. Dollar, down 0.71 percent; overall, the Franc depreciated the most this week against the Loonie, losing 4.12 percent.
The major headline from the overnight, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Up In European Trade

Posted: 01 Jul 2011 06:25 AM PDT

Forex Pros – pros – The Euro was higher against the Swiss Franc on Friday after the release of euro zone data on Manufacturing PMI.<br/><br/> EUR/CHF was trading at 1.2255, up 0.55% at time of writing.<br/><br/> The pair was likely to find support at 1.1818, Monday&rsquo;s low, and resistance at 1.2301, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that the euro zone&rsquo;s manufacturing PMI remained unchanged at 52.0 last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Moves Below Trendline In Quiet NY Trade

Posted: 01 Jul 2011 06:20 AM PDT

The EURUSD has gotten through  a string of hurdles this week in Greece, and with the vote on the next tranche coming sooner (Saturday) than later (Sunday), the good news is out.  As a result, the EURUSD is finding some modest selling in early NY trade. 

Over night, a new high was reached which continued the string of higher highs on the hourly chart (see above) . However the momentum off those new highs has been muted and the price has wandered below the steep trend channel … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails

Posted: 01 Jul 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure

Posted: 01 Jul 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Caution

Posted: 01 Jul 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: Under Pressure

Posted: 01 Jul 2011 06:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TTEK JV Wins Contract

Posted: 01 Jul 2011 06:05 AM PDT

A joint venture of Tetra Tech Inc. (NASDAQ:TTEK) and Science Applications International Corporation (NYSE:SAI), called Integrated Justice Systems International, LLC (IJSI) has received a contract to provide worldwide civilian police and criminal justice assistance to the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL).
For this multiple-award, indefinite delivery/indefinite quantity (IDIQ) contract ceiling is $10 billion. The contract is for a period of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Universal Technical Cuts Workforce

Posted: 01 Jul 2011 06:05 AM PDT

Universal Technical Institute Inc. (NYSE:UTI), which provides professional automotive, diesel, collision repair, motorcycle and marine programs, recently announced a cut in its workforce.
The regulation proposed by the Department of Education is weighing upon student enrollments of the company. The rate of growth of average undergraduate full-time student enrollment decelerated to 3.3% during second-quarter 2011 from 8.5% in the previous quarter.
Moreover, total student starts for the quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Manufacturing Outlook Not That Bad

Posted: 01 Jul 2011 06:05 AM PDT

The busy economic docket of this first day of July notwithstanding, Stocks may not do much today ahead of the July 4th weekend. But they have done plenty lately. In fact, the sharp gains in the last few days enabled the market to recoup earlier losses and effectively break-even for the quarter. And today’s ISM Manufacturing report is expected to show that this late-quarter surge was not solely due to optimism about Greece.

The better-than-expected Chicago Purchasing Managers’ Index (PMI) on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 01 Jul 2011 06:00 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Canadian Dollar on Friday.<br/><br/> USD/CAD was trading at 0.9644, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.9612, today&rsquo;s low, and resistance at 0.9913, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.4485 and GBP/USD falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DSK Guilty: Intrade Odds Fall From 73% To 20%

Posted: 01 Jul 2011 05:47 AM PDT

USD/CHF: From Short-term To Long-Term Wedge Patterns; 0.8555 Is Critical

Posted: 01 Jul 2011 05:40 AM PDT

USD/CHF Wedges Out New Record Lows at 0.83 (6/28)
USD/CHF

- Since hammering out another fresh record low, the USD/CHF failed to sustain the breakout to the downside to a recently projected range.
- The 4H chart shows the market breaking above a wedge, with the origin of the wedge near 0.8550-0.8555.
- We might see some very short-term correction after a 5-wave rally seen in the 4H chart. If the market holds above 0.84, we have further evidence of bottoming.
- Other evidence that this is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chinese Manufacturing Activity Slows In June, Will AUD/USD Still Break Its Month-Long Range?

Posted: 01 Jul 2011 05:36 AM PDT

We documented the slowdown in the manufacturing sector in the UK, but we also had a weaker than expected reading from the Chinese official manufacturing PMI, which eased to 50.9 in June from 52.0 in May. The final version of the HSBC manufacturing PMI, at 50.1, barely showed activity expanding as the index matched its reading from the preliminary version.
A slowdown in China means that the efforts undertaken by the central bank – hiking interest rates and increasing the amount … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allegheny’s Labor Contract With USW

Posted: 01 Jul 2011 05:35 AM PDT

Allegheny Technologies Incorporated (NYSE:ATI) announced that the United Steelworkers (USW) represented employees at Allegheny’s Ludlum plants and Albany, Ore., titanium operations ratified new four-year labor agreements. The new agreements wil  expire on June 30, 2015, and succeed the existing contracts that run through August 1, 2011.
In April 2011, the company released its first-quarter 2011 results and earned $56.3 million or 54 cents per share, surpassing the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Apollo Beats Street, Profits Fall

Posted: 01 Jul 2011 05:35 AM PDT

Apollo Group Inc. (NASDAQ:APOL), one of the world’s largest private education providers, reported earnings of $1.45 per share for third-quarter 2011, declining 16.7% from the prior-period earnings of $1.74. However, earnings surpassed the Zacks Consensus Estimate of $1.34 a share.
On a reported basis, including one-time items, earnings came in at $1.51 a share compared with earnings per share of $1.18 in the prior-year quarter.
The Phoenix based company earned a profit of $203.5 million from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD’s Triangle Scenario Based On Elliott Wave Structure

Posted: 01 Jul 2011 05:13 AM PDT

EUR?USD Channeling Upwards; Now Testing Triangle Resistance (6/30)
EUR/USD

- The EUR/USD is bending out of a rising channel into another flatter one. Notice also the bearish divergence with the RSI.
- Conventional count should be 5-waves, the current decline reflects the 4th. Therefore, it is possible that one more rally is follow before a topping occurs.
- Sometimes this 5th is a failure, sometimes its a throw-over.
- If there is topping, it does not mean there is reversal. A very short-term … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 01 Jul 2011 05:00 AM PDT

Forex Pros – pros – The Euro was higher against the British Pound on Friday.<br/><br/> EUR/GBP was trading at 0.9051, up 0.19% at time of writing.<br/><br/> The pair was likely to find support at 0.8859, Monday&rsquo;s low, and resistance at 0.9084, today&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.12% to hit 1.4485 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UK Manufacturing Slowdown Continues As PMI Comes In Weaker Than Expected

Posted: 01 Jul 2011 04:57 AM PDT

We had waiting for the UK manufacturing data this week to give us an indication into how the UK economy fared in June and as this indicator had been weaker than expected 3 months in a row prior to June. Well, we got another weaker report as the PMI fell to 51.3 from 52.1 in May, and worse than expectations of a climb to 52.3.
From the Release: "At 51.3 in June, down from a revised reading of 52.0 in May, the seasonally  adjusted Markit/CIPS UK Manufacturing Purchasing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 01 Jul 2011 04:30 AM PDT

Forex Pros – pros – The British Pound was higher against the Swiss Franc on Friday after the release of U.K. data on Manufacturing PMI.<br/><br/> GBP/CHF was trading at 1.3560, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.3263, Tuesday&rsquo;s low, and resistance at 1.3617, today&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 month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In European Trading Hours

Posted: 01 Jul 2011 04:00 AM PDT

Forex Pros – pros – The Australian Dollar was lower against the U.S. Dollar on Friday.<br/><br/> AUD/USD was trading at 1.0704, down 0.16% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0751, Thursday&rsquo;s high.<br/><br/> Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.06% to hit 1.3535 and AUD/JPY rising 0.10% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Follow POGO And ‘Provoke Accountability’

Posted: 01 Jul 2011 03:50 AM PDT

The Project on Government Oversight has, in my opinion, proven itself as the finest "nonpartisan independent watchdog that champions good government reforms" in our nation.
POGO's work is superb. I check their site daily. America needs a lot more of what POGO does.
What do they really do? POGO digs deeper and works harder on promoting our prized virtues of truth, transparency, and integrity. How do they do it….?  

Provoking accountability is about building a more effective, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Do Charge Cards Help You Build Your FICO Scores?

Posted: 01 Jul 2011 03:38 AM PDT

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


Forex – USD/CHF Up During The European Session

Posted: 01 Jul 2011 03:20 AM PDT

Forex Pros – pros – The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on SVME PMI.<br/><br/> USD/CHF was trading at 0.8460, up 0.65% at time of writing.<br/><br/> The pair was likely to find support at 0.8276, Tuesday&rsquo;s low, and resistance at 0.8475, today&rsquo;s high.<br/><br/> Earlier in the day, data showed that Switzeralnd&rsquo;s SVME PMI fell more-than-expected to a seasonally adjusted 53.4 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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