DailyMarkets.com - U.S. Oil, Gasoline Supplies Shrink
DailyMarkets.com - U.S. Oil, Gasoline Supplies Shrink |
- U.S. Oil, Gasoline Supplies Shrink
- GameStop Incorporates Impulse
- Forex – AUD/USD Down In U.S. Trade
- Halliburton Fortifies Poland Link
- Comerica Nears Sterling Merger
- Chrysler Recalls Ram Trucks
- Forex – NZD/USD Up During The U.S. Session
- Bernanke Tries To Walk Back Market’s Expectation For QE3 On Day 2 Of Testimony, Stocks Give Up Gains
- Unilife Supplies Unifill To Sanofi
- “Looking To Earnings…for Positive Story”
- CIGNA Shifts To Connecticut
- Retail Sales Rise Slightly
- Charles Schwab In Expansion Mode
- Sabra REIT Eyes Mid-Atlantic Assets
- Euro Pares Gains, Dollar Rebounds
- European Markets Close Lower; Dax Down 0.73%
- Capital One Outpaces Estimates
- Earnings Preview: Eli Lilly
- Japanese Deal For ZOLL AED Plus
- Avnet Remains Neutral
- JetBlue June Traffic Rises
- BP To Revive North Sea Fields
- Earnings Preview: Abbott Labs
- Starbucks’ Coffee Blends To Beat The Heat
- Phillips Buys Povos
- Goldcorp Favors Primero Acquisition
- Forex Trading: USDCAD Moves Toward Resistance At 0.9594
- Bonds Fizzle As European Crisis Stalls
- Forex – Dollar Regains Ground Vs. Rivals As Bernanke Testifies
- Forex Trading: USDCHF Moves Above Resistance. Up On The Day
- Word From The Floor: US Stocks Start Higher, Earnings And Data Lift Sentiment
- Natural Gas Futures Add To Losses After U.S. EIA Data
- Forex Trading: EURUSD Moves Down On A Less Accomodative Bernanke
- Forex – GBP/USD Edges Higher Following Flurry Of U.S. Data
- Crude Rises On Weaker Dollar
- Forex – EUR/USD Advances Following U.S. Jobs, Retail Data
- Morning Market Brief
- Range Resources And Red Emperor Begin Drilling In Georgia
| U.S. Oil, Gasoline Supplies Shrink Posted: 14 Jul 2011 11:35 AM PDT The U.S. Energy Department’s weekly inventory release showed that crude and gasoline stockpiles moved downwards, while distillate supplies rose. Meanwhile, refiners reduced processing rates by 0.4%.
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| Posted: 14 Jul 2011 11:35 AM PDT GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently completed the incorporation of GameStop Impulse on its website.
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| Forex – AUD/USD Down In U.S. Trade Posted: 14 Jul 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Core Retail Sales.<br/><br/> AUD/USD was trading at 1.0743, down 0.15% at time of writing.<br/><br/> The pair was likely to find support at 1.0525, Tuesday’s low, and resistance at 1.0804, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales remained unchanged unexpectedly at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Halliburton Fortifies Poland Link Posted: 14 Jul 2011 11:05 AM PDT Oilfield service provider Halliburton Company (NYSE:HAL) has won a shale natural gas exploration contract in Poland from Chevron Corporation (NYSE:CVX). The financial terms of the deal were not disclosed.
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| Comerica Nears Sterling Merger Posted: 14 Jul 2011 11:05 AM PDT Comerica Inc. (NYSE:CMA) continues to be on track to close its pending acquisition of Sterling Bancshares Inc. (NASDAQ:SBIB). The buyout has been approved by the Board of Governors of the Federal Reserve System. The deal also got the nod from the Texas Department of Banking.
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| Posted: 14 Jul 2011 11:05 AM PDT Chrysler Group LLC, 25% owned by Italy's Fiat SpA (FIATY), will recall 242,780 units of its top selling truck, Dodge Ram, due to a steering problem leading to a loss of control in the left front wheel.
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| Forex – NZD/USD Up During The U.S. Session Posted: 14 Jul 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Core Retail Sales.<br/><br/> NZD/USD was trading at 0.8434, up 0.72% at time of writing.<br/><br/> The pair was likely to find support at 0.8112, Tuesday’s low, and resistance at 0.8506, Wednesday’s high.<br/><br/> Earlier in the day, official data showed that U.S. core retail sales remained unchanged unexpectedly at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Bernanke Tries To Walk Back Market’s Expectation For QE3 On Day 2 Of Testimony, Stocks Give Up Gains Posted: 14 Jul 2011 10:44 AM PDT While in yesterday's session, Bernanke's testimony helped rally the US stock market, today, it had the opposite effect, as equities which had been higher, turned lower during and after his statements.
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| Unilife Supplies Unifill To Sanofi Posted: 14 Jul 2011 10:25 AM PDT Retractable syringes maker Unilife Corporation (UNIS) has begun the initial supply of its Unifill ready-to-fill (prefilled) syringe to Sanofi (NYSE:SNY). This follows the company's recent completion of all the required validation tests for the product.
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| “Looking To Earnings…for Positive Story” Posted: 14 Jul 2011 10:18 AM PDT 07/14/11 Meridian Equity Partners’ Joseph Greco discusses the latest earnings and the latest comments from Fed Chairman … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jul 2011 10:05 AM PDT Health insurer CIGNA Corp. (CI) recently revealed plans shift to its headquarters to Bloomfield, Connecticut after it was nominated to receive economic benefits from the state government in exchange for new job creations. The CIGNA base will move from Philadelphia, where it has been stationed since 1982.
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| Posted: 14 Jul 2011 10:05 AM PDT Retail and Food Service Sales were in line with expectations for June, coming in with an increase of 0.1%. Retail sales alone were up 0.2%. Total retail sales are up 8.5% from a year ago (8.1% including food service).
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| Charles Schwab In Expansion Mode Posted: 14 Jul 2011 10:05 AM PDT On Wednesday, San Francisco-based Charles Schwab Corp. (NASDAQ:SCHW) announced its expansion plan.
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| Sabra REIT Eyes Mid-Atlantic Assets Posted: 14 Jul 2011 10:05 AM PDT Sabra Health Care REIT, Inc. (SBRA) recently announced that it has entered into an agreement to acquire four skilled nursing facilities for $97.5 million in the Mid-Atlantic Region. The facilities will be functional under a long-term lease and are expected to provide a yield of 8.75% on cash rent. The transaction is expected to be completed by the third quarter of 2011.
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| Euro Pares Gains, Dollar Rebounds Posted: 14 Jul 2011 05:00 AM PDT 07/14/11 It was a volatile trading session as an early rise in risk appetite was reversed on statements made by Fed Chairman Ben … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Markets Close Lower; Dax Down 0.73% Posted: 14 Jul 2011 09:55 AM PDT Forexpros – European stocks were down after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany’s DAX fell 0.73%, London’s FTSE 100 shed 1.01%, France’s CAC 40 declined 1.11% and the EURO STOXX 50 was down 0.73%.<br/><br/> Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.28%; the S&P 500 index shed 0.49%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Capital One Outpaces Estimates Posted: 14 Jul 2011 09:48 AM PDT Capital One Financial Corp.'s (NYSE:COF) second quarter 2011 earnings from continuing operations of $2.04 per share were substantially ahead of the Zacks Consensus Estimate of $1.67. Though this compared unfavorably with $2.04 in the prior quarter, it surpassed $1.78 recorded in the year-ago quarter.
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| Posted: 14 Jul 2011 09:48 AM PDT Eli Lilly & Company (NYSE:LLY) is all set to announce its second quarter 2011 results on July 21, 2011 before the opening bell. The Zacks Consensus Estimate for the second quarter is $1.17, representing a year-over-year decrease of 5.6%.
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| Japanese Deal For ZOLL AED Plus Posted: 14 Jul 2011 09:35 AM PDT Massachusetts-based medical devices maker ZOLL Medical (NASDAQ:ZOLL) has granted Tokyo-based Asahi Kasei Corporation exclusive rights to distribute, in Japan, its AED Plus devices for treating sudden cardiac arrest ("SCA"). Asahi Kasei, with annual sales of roughly $20 billion, is a Japanese company engaged in nine business segments including medical and drugs. The AED Plus will be marketed in Japan by its subsidiary ADMIS Inc.
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| Posted: 14 Jul 2011 09:35 AM PDT We have reiterated our long-term Neutral recommendation on Avnet Inc. (NYSE:AVT).
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| Posted: 14 Jul 2011 09:35 AM PDT The discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) reported a 7.2% year-over-year traffic increase in June 2011. Airline traffic is measured in billions of revenue passenger miles, which implies one mile flown by one passenger.
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| Posted: 14 Jul 2011 09:35 AM PDT BP Plc (NYSE:BP) and its partners have signed a £3 billion (US$4.8 billion) agreement for the redevelopment of two oil fields in the North Sea.
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| Posted: 14 Jul 2011 09:05 AM PDT Abbott Laboratories (NYSE:ABT) is all set to announce its second quarter 2011 results on July 20, 2011 before the opening bell. The Zacks Consensus Estimate for the second quarter is $1.11, representing a year-over-year increase of 9.9%.
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| Starbucks’ Coffee Blends To Beat The Heat Posted: 14 Jul 2011 08:50 AM PDT Starbucks Corporation (NASDAQ:SBUX) has added two new products to its already extensive selection of summertime refreshment offerings. The two new coffee blends will help customers prepare a refreshing drink at home and beat the heat by not having to go out in the sizzling summer.
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| Posted: 14 Jul 2011 08:50 AM PDT According to Reuters, Phillips (NYSE:PHG) announced its intention to buy Shanghai-based Povos Electric Appliance Company, in order to further expand its household and consumer appliances business in Asia. The deal is expected to be completed by the fourth quarter of 2011. However, the financial terms were not disclosed.
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| Goldcorp Favors Primero Acquisition Posted: 14 Jul 2011 08:35 AM PDT Goldcorp Inc. (NYSE:GG) has agreed to support the proposed transaction by which the Canadian gold and copper producer Northgate Minerals Corporation will acquire all of the issued and outstanding shares of Primero Mining Corp.
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| Forex Trading: USDCAD Moves Toward Resistance At 0.9594 Posted: 14 Jul 2011 08:31 AM PDT The USDCAD has gotten a boost from lower oil today and from the failure on a break below floor support at the 0.9558 level. This level was the low on July 8th and again early in the session today. When the price moved below that level earlier today, it should have solicited some additional selling. When that break failed and oil prices started to fall on the change in tone by Bernanke, the price has rebounded.
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| Bonds Fizzle As European Crisis Stalls Posted: 14 Jul 2011 08:20 AM PDT U.S. data released Thursday failed to develop the argument that the Fed will ease further, while a successful auction of Italian government debt found buyers albeit at the costliest price in three years. Some of investors' earlier fears have evaporated as quickly as they built leaving fixed income buyers perhaps a little overweight having spent a week feasting on safe haven bonds.
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| Forex – Dollar Regains Ground Vs. Rivals As Bernanke Testifies Posted: 14 Jul 2011 08:07 AM PDT Forexpros – The U.S. dollar regained ground against its major counterparts on Thursday, as Federal Reserve Chairman Ben Bernanke said that further monetary easing may not be needed and that the central bank was not prepared to take action at this point.<br /><br />During U.S. morning trade, the greenback erased losses against the euro, with EUR/USD slipping 0.02% higher to hit 1.4160.<br /><br />Earlier in the day, Italy auctioned EUR1.25 billion of five-year bonds at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: USDCHF Moves Above Resistance. Up On The Day Posted: 14 Jul 2011 08:04 AM PDT The USDCHF has moved above trendline resistance on the hourly chart and this gives the pair the potential for a further positive bias. The 0.8161 level was the last level to be breached and will be now eyed as support. A move back below this level will not be favorable and could take the wind out of the corrective move. The 0.8221 level is the next level that needs to be breached in order to keep the correction higher in motion. Above that the 38.2% of the move down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Word From The Floor: US Stocks Start Higher, Earnings And Data Lift Sentiment Posted: 14 Jul 2011 07:52 AM PDT 07/14/11 Wall Street kicked off the trading session with an advance, lifted by earnings from JP Morgan and a decline in jobless … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Natural Gas Futures Add To Losses After U.S. EIA Data Posted: 14 Jul 2011 07:49 AM PDT Forexpros – Natural gas futures extended losses on Thursday, dropping to a two-day low after the U.S. Energy Information Administration said natural gas inventories rose more-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for August delivery traded at USD4.285 per million British thermal units during U.S. morning trade, tumbling 2.15%. <br /><br />It earlier fell as much as 2.5% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Moves Down On A Less Accomodative Bernanke Posted: 14 Jul 2011 07:42 AM PDT Bernanke came out and started by saying there was ample accomodation and the Fed was not prepared to add additional accomodation at this point. Yesterday the market interpreted his outline of what the Fed could do as a clue that they were likely to ease (ie.. QE3) sooner rather than later. The EURUSD has move below the trendline on the hourly chart at the 1.4195 level now and this level will be eyed as the volatile trade continues with the comments. A move above this level could … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Edges Higher Following Flurry Of U.S. Data Posted: 14 Jul 2011 07:38 AM PDT Forexpros – The pound edged higher against the U.S. dollar on Thursday, following a flurry of U.S. economic data on first time jobless claims, retail sales and wholesale prices.<br /><br />GBP/USD hit 1.6193, the pair’s highest since June 22; the pair subsequently consolidated at 1.6137 during U.S. morning trade, gaining 0.2%. <br /><br />Cable was likely to find support at 1.5904, Wednesday’s low and resistance at 1.6262, the high of June … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jul 2011 02:30 AM PDT 07/14/11 Front month crude prices were trading higher this morning on a weaker dollar and positive economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Advances Following U.S. Jobs, Retail Data Posted: 14 Jul 2011 07:30 AM PDT Forexpros – The euro was up against the U.S. dollar for a second day on Thursday, re-approaching a four-day high after the U.S.’s credit rating was put under review for a downgrade, while the Italian Senate approved a EUR48 million austerity package.<br /><br />EUR/USD hit 1.4281, the pair’s highest since July 8; the pair subsequently consolidated at 1.4228 during U.S. morning trade, gaining 0.46%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 14 Jul 2011 01:15 AM PDT 07/14/11 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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| Range Resources And Red Emperor Begin Drilling In Georgia Posted: 14 Jul 2011 02:07 AM PDT Oil and gas groups Range Resources (LON:RRL), Strait Oil and Gas and Red Emperor Resources (LON:RMP) have begun drilling the Mukhiani 1 well in the former Soviet state of Georgia. The well is targeting a prospect with a mean estimate of undiscovered oil in place of 115 million barrels. Of that, 46 million barrels is attributable to Range's 40% interest and 23 million barrels is attributable to Red Emperor's 20% interest. Drilling operations will run 24 hours a day for the next 45-55 days as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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