DailyMarkets.com - Wal-mart Wants Bigger Brazil Market

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• Wal-mart Wants Bigger Brazil Market
• Encouraging Data Presented By ALKS
• ISM Manufacturing Beats Expectations
• Dominion Installs New Scrubber
• DDR Refinances Secured Term Loan
• Forest Seeks FDA Nod For COPD Drug
• Hot Option Plays: Sideline Money Flows In
• Forex – AUD/USD Up In U.S. Trade
• Varian TrueBeam Makes China Debut
• Accenture’s Run Of Wins Continues
• Forex – NZD/USD Down During The U.S. Session
• Commerce Bancshares Remains Neutral
• Citi Partners Vietnam Firm
• Harley-Davidson Calls Pop As Bulls Position To Ride Rally Higher
• “Volume Has Been Light…is A Concern”
• Blackstone To Buy RBS’ Risky Loans
• Forex Markets Volatile As Week Nears End
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 0.59%

Wal-mart Wants Bigger Brazil Market Posted: 01 Jul 2011 12:05 PM PDT In the midst of a takeover fight between rival retail chains, Wal-mart Stores Inc. (NYSE:WMT) states its desire to buy Carrefour SA's (CA) operations in the booming Brazilian market. Carrefour, a giant French retailer, had been experiencing a rough patch for last few years. To overcome such issues, it had been trying to sell its assets. On June 28, Carrefour said that it had received an offer to merge its Brazilian operations with those of Companhia Brasileira de Distribuição (NYSE:CBD), the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Encouraging Data Presented By ALKS Posted: 01 Jul 2011 12:05 PM PDT Recently, Alkermes Inc. (NASDAQ:ALKS) presented encouraging top line data from an early stage study of its schizophrenia candidate ALKS 9070 (n=32).  ALKS 9070 is a once-monthly injectable extended release version of Bristol-Myer Squibb's (NYSE:BMY) schizophrenia drug Abilify (aripiprazole).  Alkermes intends to present complete data from the study at an upcoming medical conference. The double-blind, randomized, placebo-controlled 20-week study evaluated the safety, tolerability and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Manufacturing Beats Expectations Posted: 01 Jul 2011 12:05 PM PDT The Institute for Supply Management's (ISM) manufacturing index rose to 55.3 in June from 53.5 in May. This was a big positive surprise as the consensus had been looking for the index to fall 51.1. Based on historical experience, the June reading is consistent with GDP growth of 4.5%. Then again, perhaps there has been a change in the relationship, since the average level so far this year is consistent with 5.7% growth, and we only grew at a 1.9% rate in the first quarter, and most … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dominion Installs New Scrubber Posted: 01 Jul 2011 12:05 PM PDT Dominion Resources Inc. (NYSE:D) said its unit Dominion Virginia Power has installed a new pollution control equipment in its Chesterfield Power Station in Richmond with a view to reduce emission from this power generation plant. The new pollution control equipment popularly called the ‘scrubber’ will absorb 95% of sulfur dioxide and also reduce 80% emission of hydrochloric and sulfuric acids from the 344 Megawatt (MW) Unit 5 of the station for which it has been commissioned. The new scrubber will … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DDR Refinances Secured Term Loan Posted: 01 Jul 2011 11:35 AM PDT Developers Diversified Realty Corporation (NYSE:DDR), a real estate investment trust (REIT), has recently refinanced its existing secured term loan facility worth $550 million with a new $500 million senior secured term loan. At the same time, the company amended its two senior unsecured revolving credit facilities as part of its corporate strategy to reduce its short-term floating rate debt. While the erstwhile term loan was scheduled to mature in February 2012, the new loan comes with a 39-month … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forest Seeks FDA Nod For COPD Drug Posted: 01 Jul 2011 11:35 AM PDT Forest Laboratories, Inc. (NYSE:FRX) and partner Almirall, S.A. recently announced the submission of a new drug application (NDA) to the US Food and Drug Administration (FDA) for their chronic obstructive pulmonary disease (COPD) candidate, aclidinium bromide. Aclidinium bromide is a long-acting inhaled antimuscarinic agent which has been developed for the treatment of COPD. Top-Line Results Presented in Jan 2011 Forest Labs and Almirall had announced positive top-line data on aclidinium earlier … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Sideline Money Flows In Posted: 01 Jul 2011 11:18 AM PDT Cusick’s Corner Buyers prevail. The sideline money is flowing into the market and it did it early on the heels of inline data this morning. The market is trending nicely, above the 50-Day Moving Average, taking back most of the pullback from the April highs, and this latest move is happening in the face of mixed data and international financial turmoil. So it looks like if you’re not long at this juncture, you are apparently wrong. But this market has run up fast, the sentiment shifted, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 01 Jul 2011 11:15 AM PDT Forex Pros – pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> AUD/USD was trading at 1.0774, up 0.49% at time of writing.<br/><br/> The pair was likely to find support at 1.0392, Monday&rsquo;s low, and resistance at 1.0780, 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Varian TrueBeam Makes China Debut Posted: 01 Jul 2011 11:05 AM PDT Leading integrated radiotherapy systems maker Varian Medical (NYSE:VAR) has achieved another key milestone as its popular TrueBeam therapy system has been successfully deployed at Shantou University Medical College’s affiliated cancer hospital, thereby becoming the first cancer treatment center in China to install this advanced system. Shantou University Medical College is a premier medical college and health research base in southern-eastern China. The TrueBeam system was donated to the hospital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture’s Run Of Wins Continues Posted: 01 Jul 2011 11:05 AM PDT Accenture Plc (ACN) has won several deals over the last couple of months. Recently, the U.S. Air Force's Electronic Systems Center Capabilities Integration Directorate awarded a 24-month contract worth $17.2 million to conduct risk reduction and prototyping for advanced command and control services. This marks the continuation of Accenture's long-standing relationship with the U.S. Airforce, and the Department of Defense, and focuses on developing advanced decision support services, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 01 Jul 2011 10:45 AM PDT Forex Pros – pros – The New Zealand Dollar was lower against the U.S. Dollar on Friday after the release of U.S. data on ISM Manufacturing Index.<br/><br/> NZD/USD was trading at 0.8282, down 0.12% 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/> Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose unexpectedly to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Commerce Bancshares Remains Neutral Posted: 01 Jul 2011 10:35 AM PDT We continue to maintain our long-term "Neutral" recommendation on Commerce Bancshares Inc. (NASDAQ:CBSH). Although the company has the scope to expand inorganically with its excellent liquidity position, we remain cautious on the company's loan volumes and non-performing asset position, which need to be improved in order to gain a foothold in the industry. Nevertheless, the company's direct retail and commercial-banking franchise are expected to post steady earnings going forward. Despite … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Citi Partners Vietnam Firm Posted: 01 Jul 2011 10:35 AM PDT Citigroup Inc. (NYSE:C) is expanding its business in the Asian countries. The company acquired a 9.9% stake in Horizon Securities Corp., a Vietnam brokerage company. Financial terms of the deal, which is subject to regulatory approval, were kept confidential. Headquartered in Ho Chi Minh City and founded in 2006, Horizon Securities is a privately held firm that offers brokerage and corporate finance services. It is a unit of Horizon Capital Group. This stake purchase includes Citi among the first … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harley-Davidson Calls Pop As Bulls Position To Ride Rally Higher Posted: 01 Jul 2011 10:34 AM PDT Harley-Davidson calls pop as bulls position to ride rally higher Today's tickers: HOG, V, CRI & ANR (NYSE:HOG) – Harley-Davidson, Inc. – Shares in Harley-Davidson roared to life during the month of June, rising some 20.0% since June 13. Bullish players expecting the price of the underlying to continue to accelerate to the upside scooped up call options this morning. HOG's shares are currently up 1.75% on the day to stand at $41.69 as of 11:35 am ET. Call options in the front month are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Volume Has Been Light…is A Concern” Posted: 01 Jul 2011 10:25 AM PDT 07/01/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on this week’s equity rally and expectations for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Blackstone To Buy RBS’ Risky Loans Posted: 01 Jul 2011 10:05 AM PDT On Thursday, the Financial Times reported that Blackstone Group (NYSE:BX) has agreed to purchase risky commercial-property loans worth 1.4 billion pounds ($2.3 billion) from U.K.-based Royal Bank of Scotland Group Plc (NYSE:RBS). Blackstone would buy a 25% stake in the loan portfolio and also takeover the management of the assets, in an attempt to recover as much value as possible. The loan portfolio includes some of the most problem property loans in nursing homes, pubs, auto showrooms and parking … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Markets Volatile As Week Nears End Posted: 01 Jul 2011 05:00 AM PDT 07/01/11 Mixed manufacturing data and a decline in consumer sentient has helped keep the forex markets active this session as the week nears its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 01 Jul 2011 10:00 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 1.6076, up 0.14% 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

European Markets Close Higher; Dax Up 0.59% Posted: 01 Jul 2011 09:55 AM PDT Forex Pros – pros – European stocks were up after the closing bell on Friday.<br/><br/> At the close of European trade, Germany&rsquo;s DAX rose 0.59%, London&rsquo;s FTSE 100 gained 0.74%, France&rsquo;s CAC 40 climbed 0.63% and the EURO STOXX 50 was up 0.95%.<br/><br/> Earlier in the day, data showed that the euro zone&rsquo;s manufacturing PMI remained unchanged at 52.0 last month, from 52.0 in the preceding month.<br/><br/> Analysts had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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