DailyMarkets.com - AFC Enterprises Reports In Line

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• AFC Enterprises Reports In Line
• EA Announces Multiple Game Launches
• Stock Market News Briefs: BJ’s Wholesale Club, Cleveland-Cliffs, Citi Trends, Deere & Company, Dell, Healthspring, Staples, Target Corporation
• Earnings Preview: Autodesk Inc.
• O’Charley’s 2Q Disappoints
• Philly Fed Manufacturing Index Plunges In August
• S&P500 In Bearish Continuation And Shows Renewed Fears Of Double Dip
• U.S. Existing Home Sales Fall To 8-month Low In July
• SWK Still Rated Neutral
• Lockheed To Impart Aircrew Training
• Crude Oil Plunges More Than 4% On U.S. Data, Growth Fears
• Neutral On Freeport
• Inflationary Pressures & No Jobs
• AvalonBay Issues Public Offering
• Cartoon Of The Day: Ballast
• Forex – USD/CAD Hits 3-day High As Risk Aversion Sharpens
• Japanese Yen: Under Pressure
• Swiss Franc: The Downside Prevails
• Euro: The Downside Prevails
• British Pound: Under Pressure
• Forex Trading: EURUSD Between Support And Resistance
• BHP- Petrohawk Deal To Flag Off
• U.S. Futures Add To Steep Losses After Data; Dow Drops 2%
• U.S. Core CPI Rises In Line With Expectations In July
• U.S. Initial Jobless Claims Rise More-than-expected
• NSN Desperate For Parent Funds
• JEC Adds E.ON Contract To Its Kitty
• Contracts Flow For Fluor
• Forex – Dollar Broadly Higher Vs. Rivals As Key U.S. Data Eyed
• Gold Soars To Record High Of USD1,818.25 Ahead Of U.S. CPI Data
• Forex – EUR/USD Drops Below 1.4360 As Risk Appetite Fades
• AUD/USD Breaking Below A Wedge Correction After Hitting The 1.06 Target
• Autodesk Unveils New Mac Products
• Rating Action On WellPoint Notes
• Abercrombie Beats Overall
• Verizon Unveils $20 Data Plan
• Ardea Slips To Neutral
• Goldman Sachs Redeems Notes
• Newmont Eyes Sale Of Coal Assets
• National Oilwell Strikes $1.5B Deal
• Regeneron’s Drug Approval Deferred
• Earnings Preview: Intuit Inc.
• Earnings Preview: Salesforce.com
• Talisman Energy Is Now Outperform
• Myriad On Share Buyback Spree
• Earnings Preview: Sears Holdings
• General Dynamics Eyes Vangent
• Neutral On Theravance
• Air Products Hikes Prices
• MICROS, Delta Hotels Join Forces
• Lockheed Tech To Aid Unmanned Duty
• Federal Realty To Run Rockville Parking
• ArthroCare SpeedLock OK’d
• JA Solar’s Inroads To China
• Constellation Energy Extends Agreement
• Valero Denies Double E Commitments
• Sunoco To Divest Haverhill Plant
• Losses Mount At Korea Electric
• Forex – GBP/USD Extends Losses After Retail Sales Disappoint
• Crude Oil To Follow S&P 500 Lower, Gold Threatens Record High
• Forex – USD/CHF Higher Amid SNB Intervention Speculation
• EUR/USD Cracking Channel Near 1.4380; Above 1.4250, Outlook Remains Bullish But A Choppy One
• Forex – USD/JPY Steady As Noda Warns Of Yen Strength

AFC Enterprises Reports In Line Posted: 18 Aug 2011 08:04 AM PDT AFC Enterprises Inc. (NASDAQ:AFCE) posted second quarter 2011 adjusted earnings of 23 cents per share in line with the Zacks Consensus Estimate, but 9.5% higher than the year-ago quarter level of 21 cents per share. On a GAAP basis, earnings per share stood at 22 cents versus 26 cents in the year-ago quarter. The year-over-year improvement in results was driven by positive same-store sales and lower interest expense. Moreover, the company has four strategic plans in place. These include development … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA Announces Multiple Game Launches Posted: 18 Aug 2011 07:50 AM PDT Video game developer and publisher, Electronic Arts Inc. (ERTS), popularly known as EA, unveiled Warhammer Online: Wrath of Heroes, a new player-versus-player (PvP) free game based on Bioware (an EA division) operated  Warhammer Online: Age of Reckoning. Warhammer Online: Wrath of Heroes offers players a variety of heroes to choose from, each customized for different PvP playstyles. Warhammer Online: Wrath of Heroes will be available for free download on personal computers (PC) in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: BJ’s Wholesale Club, Cleveland-Cliffs, Citi Trends, Deere & Company, Dell, Healthspring, Staples, Target Corporation Posted: 18 Aug 2011 07:35 AM PDT     Deere (NYSE:DE) reported Q3 EPS of $1.69, ahead of the Zacks Consensus Estimates of $1.68 per share. Revenues for the quarter rose 24.1% year-over-year to $7.72 billion     Dell Inc. (NASDAQ:DELL) posted second quarter 2012 EPS of 54 cents, easily beating the Zacks Consensus Estimate of 49 cents. Revenues for the second quarter were $15.7 billion, up 1.0% from $15.5 billion reported in the year-ago quarter     Target (NYSE:TGT) reported Q2 EPS of $1.03, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Autodesk Inc. Posted: 18 Aug 2011 07:35 AM PDT Autodesk Inc.(NASDAQ:ADSK) is scheduled to announce its second quarter 2012 results on August 18, 2011 after the closing bell. We do not see any major variation in analysts' estimates in the run-up to the earnings release. Prior-Quarter Recap Autodesk witnessed strong revenue growth across all its segments and markets in the first quarter of 2012. Revenues not only beat the Zacks Consensus Estimate but also surpassed management's guidance range. However, earnings per share (EPS) were in line … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

O’Charley’s 2Q Disappoints Posted: 18 Aug 2011 07:35 AM PDT After recording profit in the first quarter of 2011, Nashville-based O’Charley's Inc. (NASDAQ:CHUX) incurred a loss in the second quarter of 2011. Prior to the first quarter of 2011, the company delivered losses for six consecutive quarters. The results in the reported quarter were impacted by higher commodity costs resulting in lower margins. The company reported a quarterly loss of 8 cents per share, much wider than the Zacks Consensus Estimate of a loss of 5 cents, but narrower than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Philly Fed Manufacturing Index Plunges In August Posted: 18 Aug 2011 07:10 AM PDT Forexpros – Manufacturing activity in the Philadelphia-region unexpectedly plunged into negative territory in August, falling to the lowest level since March 2009, official data showed on Thursday.<br /><br />In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index tumbled by 33.9 points to minus 30.7 in August from July&rsquo;s reading of 3.2.<br /><br />Analysts had expected the index to increase to 3.9 in August.<br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

S&P500 In Bearish Continuation And Shows Renewed Fears Of Double Dip Posted: 18 Aug 2011 07:09 AM PDT Prev: S&P500 Might Fall Tomorrow After an ABC Correction (8/15) S&P500 1178, Rising Trendline 200SMA Supports Broken : - The S&P 500 did indeed top off after our latest update suspected topping near the 1200-1205 area. - This area was at the completion of an ABC correction, where C=A (a harmonic retracement pattern). - Coming after a sharp slide, this ABC correction was expected to be followed by a bearish continuation. - It took the 16the, and 17th to flatten out, but today, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Existing Home Sales Fall To 8-month Low In July Posted: 18 Aug 2011 07:05 AM PDT Forexpros – U.S. existing home sales unexpectedly declined to an eight-month low in July, industry data showed on Thursday.<br /><br />In a report, the National Association of Realtors said that existing home sales declined by 3.5% to a seasonally adjusted 4.67 million units in July, confounding expectations for a gain of 2.7% to 4.90 million units. <br /><br />The previous month&rsquo;s figure was revised up to 4.84 million units from a previously reported 4.77 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SWK Still Rated Neutral Posted: 18 Aug 2011 06:55 AM PDT We currently maintain our Neutral recommendation on Stanley Black & Decker(NYSE:SWK), New Britain based manufacturer of tools and engineered security solutions. The company conducts its operations through its three business segments including Security, Industrial and Construction & Do-It-Yourself (CDIY) segments. Of these segments, CDIY contributed 52% of second quarter 2011 total revenue, while Security and Industrial accounted for 24% each of total revenue.   … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed To Impart Aircrew Training Posted: 18 Aug 2011 06:55 AM PDT Defense contractor Lockheed Martin Corporation (NYSE:LMT) received a contract from Flight Safety Services Corporation to manage the C-5 Training Systems Support Center and formal training unit at Lackland Air Force Base, Texas, for a period of one year. The scope of Lockheed Martin's work under the contract includes managing hardware, software and courseware, maintaining simulator certifications to Air Force specifications and overseeing the operations of the training management system. Under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Plunges More Than 4% On U.S. Data, Growth Fears Posted: 18 Aug 2011 06:47 AM PDT Forexpros – Crude oil futures extended sharp losses on Thursday, dropping to a one-week low after official data showed that U.S. first time jobless claims rose more-than-expected last week, adding to ongoing fears over the global economic outlook.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD83.94 a barrel during U.S. morning trade, plunging 4.2%.&nbsp; <br /><br />It earlier fell as much as 4.4% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Freeport Posted: 18 Aug 2011 06:35 AM PDT We maintain our Neutral recommendation on Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), which is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. Freeport completed ramp up of Morenci’s mining rates to 635,000 metric tons of ore per day and milling rates to approximately 50,000 metric tons of ore per day, resulting in increased copper production of around 125 million pounds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Inflationary Pressures & No Jobs Posted: 18 Aug 2011 06:35 AM PDT We have a range of economic data on the docket today, from jobs and inflation to housing and leading indicators. And Europe is again in the news for the all the wrong reasons. With Europe’s leaders unable to come up with anything other than band-aid solutions, we’d better get used to Europe as a recurring source of headline risk. Europe’s problems have the potential to pose a systemic challenge to the U.S. economy. But I don’t think we will reach that stage. The common currency project is way … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AvalonBay Issues Public Offering Posted: 18 Aug 2011 06:35 AM PDT AvalonBay Communities, Inc. (AVB) recently announced the pricing of a public offering of 5.1 million shares of its common stock at $128.25. The public offering is expected to generate net proceeds of $630.7 million. In a bid to cover over-allotments, the company will provide a 30-day option to the underwriters for purchasing an additional 765,000 million shares. AvalonBay intends to utilize the proceeds generated from the transaction to fund investment activities including development, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cartoon Of The Day: Ballast Posted: 18 Aug 2011 06:32 AM PDT By the always-excellent Michael Ramirez.  HTs: Mike Carlson and Dennis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Hits 3-day High As Risk Aversion Sharpens Posted: 18 Aug 2011 06:28 AM PDT Forexpros – The broadly stronger U.S. dollar was up against its Canadian counterpart on Thursday, hitting a three-day high as escalating fears over the global economic outlook saw risk aversion sharpen, weighing on demand for growth-linked currencies.<br /><br />USD/CAD hit 0.9892 during U.S. morning trade, the highest since August 15; the pair subsequently consolidated at 0.9886, jumping 0.8%.<br /><br />The pair was likely to find support at 0.9774, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japanese Yen: Under Pressure Posted: 18 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Swiss Franc: The Downside Prevails Posted: 18 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro: The Downside Prevails Posted: 18 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

British Pound: Under Pressure Posted: 18 Aug 2011 06:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Between Support And Resistance Posted: 18 Aug 2011 06:05 AM PDT As we sit in NY, the price is below the trendline from the August 11th low. That line has three points and today it fell below that line. THe currrent underside is at the 1.4391. Stay below and the bias is to the downside. Speaking of the downside, the 100 hour MA is at the 1.4375 level and with the price near that level a move below adds to the bearishness.  Not far from there is the 100 day MA at the 1.4355 level and a low at 1.4353 on August 16th, the low at 1.4352 on August 17th  … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BHP- Petrohawk Deal To Flag Off Posted: 18 Aug 2011 06:03 AM PDT Anglo-Australian mining giant, BHP Billiton Ltd (NYSE:BHP) and Petrohawk Energy Corporation (HK) received final regulatory approval from the Committee on Foreign Investment in the U.S. (“CFIUS”) on the tender offer relating to the merger agreement between the above two companies. The approval was based on the committee's conclusion that there are no national security issues of concern regarding the merger transactions between BHP Billiton and Petrohawk. BHP announced the acquisition of the U.S. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Futures Add To Steep Losses After Data; Dow Drops 2% Posted: 18 Aug 2011 05:56 AM PDT Forexpros – U.S. stock futures plunged on Thursday, tracking global equities lower, as mounting concerns over global economic growth prospects prompted investors to shun riskier assets, while downbeat U.S. data also weighed. <br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to a drop of 2%, the S&amp;P 500 futures tumbled 2.4%, while the Nasdaq 100 futures sank 2.35%.<br /><br />Stock futures added to losses after official data showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Core CPI Rises In Line With Expectations In July Posted: 18 Aug 2011 05:46 AM PDT Forexpros – Core consumer price inflation in the U.S. rose broadly in line with market expectations in July, official data showed on Thursday.<br /><br />In a report, the Bureau of Labor Statistics said that consumer prices, less food and energy rose by 0.2% in July, in line with expectations, after rising by 0.3% in June. <br /><br />Core consumer prices rose at an annualized rate of 1.8% after accelerating at a rate of 1.6% in June and above expectations for a 1.7% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Initial Jobless Claims Rise More-than-expected Posted: 18 Aug 2011 05:41 AM PDT Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose more-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 12 rose by 9,000 to a seasonally adjusted 408,000, higher than the expected increase of 400,000. <br /><br />The previous week&rsquo;s figure was revised up to 399,000 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NSN Desperate For Parent Funds Posted: 18 Aug 2011 05:40 AM PDT A German Newspaper Capital recently reported that Nokia Siemens Networks (NSN), a 50-50 joint venture between Nokia Corp. (NYSE:NOK) and Siemens AG (NYSE:SI), desperately needed at least Euro 1 billion from its parent companies to complete its proposed business restructuring. Capital also reported that NSN is trying hard to issue a high-yield bond of Euro 2 billion in the next 3-4 months for replacing its existing credit facility, which will expire in June 2012. In July 2011, NSN abandoned its equity … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JEC Adds E.ON Contract To Its Kitty Posted: 18 Aug 2011 05:35 AM PDT Jacobs Engineering Group Inc. (NYSE:JEC) received a strategic contract from E.ON UK (E.ON), to provide engineering services and construction management support at the 2000 megawatt (MW) Coal Fired Ratcliffe-on-Soar Power Station near Nottingham, United Kingdom. The project is a part of E.ON's ongoing plant life extension program for the power plant at Nottingham. The terms of the deal as well as the contract value have not yet been disclosed. According to the contract, Jacobs is expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Contracts Flow For Fluor Posted: 18 Aug 2011 05:35 AM PDT Fluor Corporation (NYSE:FLR) received a contract from Chevron Neftegaz for the Caspian Pipeline Expansion project. Chevron Neftegaz is one of the three project managers working on the Caspian Pipeline Consortium. Project services for the marine terminal and supervisory control and data system (SCADA) sections of the Caspian Pipeline Expansion project will be provided by Fluor. Starting from western Kazakhstan, the pipeline runs 1,510 kilometers west to the terminal in Novorossiysk, Russia, on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Broadly Higher Vs. Rivals As Key U.S. Data Eyed Posted: 18 Aug 2011 05:15 AM PDT Forexpros – The broadly higher U.S. dollar was up against all of its major counterparts on Thursday, as mounting concerns over global economic growth prospects boosted demand for safe haven assets such as the greenback and gold. <br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD slumping 0.4% to hit 1.4367.<br /><br />European Central Bank Governing Council member Ewald Nowotny said earlier that he was more concerned about … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Soars To Record High Of USD1,818.25 Ahead Of U.S. CPI Data Posted: 18 Aug 2011 05:01 AM PDT Forexpros – Gold futures extended gains on Thursday, soaring to a fresh record high as increased demand for safe haven assets boosted the precious metal ahead of a flurry of key U.S. economic data.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,814.85 a troy ounce during European afternoon trade, surging 1.35%.&nbsp;&nbsp;&nbsp; <br /><br />It earlier rose as much as 1.5% to trade at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Drops Below 1.4360 As Risk Appetite Fades Posted: 18 Aug 2011 04:44 AM PDT Forexpros – The euro extended earlier losses against the U.S. dollar on Thursday, slumping to a fresh daily low as mounting concerns over global economic growth prospects boosted demand for the safe haven greenback.<br /><br />EUR/USD hit 1.4351 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.4359, falling 0.46%.<br /><br />The pair was likely to find support at 1.4250, the low of August 15 and short-term resistance at 1.4516, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/USD Breaking Below A Wedge Correction After Hitting The 1.06 Target Posted: 18 Aug 2011 04:36 AM PDT Prev: AUD/USD's Correction Rally is in a Sling Shot Towards 1.06 (8/15) AUD/USD Wedge Breakout, 1.04 Support: - The projection from the previous update (emerging from a break above the  1H200SMA, and it becoming support), was 1.06. The market completed a wedge correction, with a throw-over to achieve this target. A throw-over is the temporary break above the wedge seen in the 4H chart. - Note we are still under the 4H 200SMA and the 61.8% retracement level. - Also, the RSI showed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Autodesk Unveils New Mac Products Posted: 18 Aug 2011 04:35 AM PDT A leading developer and provider of 2D and 3D model-based design, engineering and documentation software and services, Autodesk Inc. (NASDAQ:ADSK) recently announced the launch of a new range of exclusive products for Apple Inc.'s (NASDAQ:AAPL) Macintosh OS X Lion operating system. The new products include AutoCAD 2012, AutoCAD LT and AutoCAD WS. The company is offering AutoCAD LT and AutoCAD WS through Apple's App store.  However, according to the Wall Street Journal, Autodesk will not use the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Action On WellPoint Notes Posted: 18 Aug 2011 04:35 AM PDT Yesterday, rating agency A.M. Best assigned debt ratings to WellPoint Inc.'s (NYSE:WLP) recently issued long-term unsecured notes worth $1.1 billion. A.M. Best also affirmed the other debt and financial strength ratings of the company. Accordingly, the rating agency allotted a debt rating "bbb+" to the company's $400 million 2.375% senior unsecured notes that are due for maturity in 2017 and to its other tranche of $700 million senior unsecured notes, carrying interest of 3.70% and due … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Abercrombie Beats Overall Posted: 18 Aug 2011 04:35 AM PDT Abercrombie & Fitch Co. (NYSE:ANF) registered earnings of 35 cents a share in the second quarter of fiscal 2011, comfortably surpassing the Zacks Consensus Estimate of 29 cents a share and beating substantially the prior-year net income of 24 cents per share. Result Summary Abercrombie reported double-digit net sales growth of 23% in the reported quarter, climbing to $916.8 million from $745.8 million in the prior-year period. Total revenue comprehensively beat the Zacks Consensus Estimate of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon Unveils $20 Data Plan Posted: 18 Aug 2011 04:35 AM PDT The largest U.S. telecom provider Verizon Communications (NYSE:VZ) recently launched a $20 data plan for subscribers in Maryland, Washington, DC, and Virginia. Customers in these regions will now be able to add the 300 MB data plan to their voice service for an additional payment of only $20 per month. The newly introduced data plan is not restricted to only smartphones. Users can choose from Verizon's vast range of 3G- and 4G LTE-enabled devices, including smartphones with operating platforms … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ardea Slips To Neutral Posted: 18 Aug 2011 04:35 AM PDT Recently, we downgraded Ardea Biosciences Inc. (NASDAQ:RDEA) to Neutral from Outperform following its disappointing results in the second quarter of 2011. Our target price for the stock is $16.00. In August 2011, Ardea came out with gloomy results in the second quarter 2011. The company suffered a loss of $0.68 per share in the quarter, which exceeded the year-ago loss by $0.11 and the Zacks Consensus loss Estimate by $0.16. The wider loss was attributable to lower revenues and higher operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Sachs Redeems Notes Posted: 18 Aug 2011 04:35 AM PDT Yesterday, The Goldman Sachs Group Inc. (NYSE:GS) announced the redemption of floating coupon notes with a maturity value of $32 million. These notes, having their maturity date on July 18, 2012, command a redemption price of 68.53% of the remaining amount. Goldman will start the redemption from August 17, 2011. Earlier in May, Goldman's closest competitor Morgan Stanley (NYSE:MS) also redeemed zero maturity coupon notes with a maturity value of $2.5 million. These notes, having their maturity date … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newmont Eyes Sale Of Coal Assets Posted: 18 Aug 2011 04:35 AM PDT Gold miner Newmont Mining Corp. (NYSE:NEM) announced its intention to sell its coal assets in Queensland, Australia. The company is in discussions with several potential buyers. None of the possible acquirers has been named, nor has a sales figure been disclosed. Newmont also stated that no deadline has been set for the sale. Recently, Newmont released its financial results for the second quarter of 2011. The company's adjusted net income rose to $445 million or 90 cents per share in the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

National Oilwell Strikes $1.5B Deal Posted: 18 Aug 2011 04:35 AM PDT Oilfield services company National Oilwell Varco (NYSE:NOV) announced that it has struck a deal to supply equipment for seven drillships to premier Brazilian shipyard firm Estaleiro Atlantico Sul. The $1.5 billion contract – the largest single order ever in National Oilwell's history – requires the company to provide supply packages that include drilling riser and pressure control equipment.    National Oilwell Varco, which ranks ahead of Cameron International Corp. (NYSE:CAM) as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regeneron’s Drug Approval Deferred Posted: 18 Aug 2011 04:35 AM PDT Recently, the US Food and Drug Administration (FDA) announced that it will decide upon approving Regeneron Pharmaceuticals Inc.'s (NASDAQ:REGN) eye treatment VEGF (vascular endothelial growth factor) trap-eye by November 18, 2011. The fate of the eye-drug, trade-named Eylea was to be decided originally by August 20, 2011. The US regulatory body extended the review period as it requires more time to scrutinize the recent responses to queries regarding the chemistry, manufacturing, and controls … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Intuit Inc. Posted: 18 Aug 2011 04:35 AM PDT Intuit Inc. (NASDAQ:INTU) is scheduled to announce its fourth quarter fiscal 2011 results on August 18, and we notice limited movements in analyst estimates. Third Quarter Overview Intuit's third quarter 2011 earnings of $2.23 (excluding one-time items and including stock-based compensation) surpassed the Zacks Consensus Estimate of $2.19. Total revenue of $1.85 billion increased 15.0% from the prior-year quarter and surpassed management's guidance range of $1.76–$1.83 billion as well as the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Salesforce.com Posted: 18 Aug 2011 04:35 AM PDT Salesforce.com Inc. (NYSE:CRM) is scheduled to announce its second quarter fiscal 2012 results on August 18, 2011, and we see the analysts sticking to their prior estimates. First Quarter Overview Salesforce.com delivered decent first quarter 2012 results, beating the Zacks Consensus Estimate marginally on both the top and bottom lines. The quarter's adjusted earnings came in at 6 cents per share, a penny ahead of our expectation. Salesforce.com reported revenue of $504.4 million, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Talisman Energy Is Now Outperform Posted: 18 Aug 2011 04:25 AM PDT Despite a cut in its production guidance, we have upgraded Canadian energy explorer Talisman Energy Inc. (NYSE:TLM) to Outperform from Neutral, reflecting the company's high quality asset portfolio and attractive valuation. Calgary, Alberta-based Talisman Energy is a major independent oil and gas exploration and production company, with operations in North America (primarily Canada) and several international regions. The company conducts its operations in five principal geographic segments: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Myriad On Share Buyback Spree Posted: 18 Aug 2011 04:25 AM PDT Recently, Myriad Genetics (NASDAQ:MYGN) announced a new $200 million share buyback program. The company has been rewarding its shareholders through share repurchases in the past. During fiscal 2011, Myriad repurchased 9.8 million shares for $200.5 million. The consistent share buyback program has lifted the company's bottom line. After completing the recent acquisition of Rules-Based Medicine for $80 million and $200.5 million of repurchase, the company exited the fiscal with $417.3 million of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Sears Holdings Posted: 18 Aug 2011 04:25 AM PDT Sears Holdings Corporation (NASDAQ:SHLD), the fourth largest broadline retailer in the United States, is scheduled to report its second-quarter 2011 financial results before the opening bell on August 18, 2011. The current Zacks Consensus Estimates for the quarter is a loss of 64 cents a share. For the quarter under review, revenue is expected at $10,097.0 million, according to the Zacks Consensus Estimate. First-Quarter 2011, a Synopsis Sears Holdings reported first-quarter 2011 adjusted loss of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

General Dynamics Eyes Vangent Posted: 18 Aug 2011 04:25 AM PDT General Dynamics Corporation (NYSE:GD) has signed a definitive agreement to acquire Vangent Holding Corp., the parent company of Vangent, Inc., for approximately $960 million. Vangent is currently 90% owned by The Veritas Capital Fund III, L.P. and is a leading provider of healthcare information-technology and business systems to federal agencies. Post acquisition, Vangent, Inc. will become a part of General Dynamics Information Technology, which provides healthcare information-technology systems … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Theravance Posted: 18 Aug 2011 04:25 AM PDT We have maintained our Neutral recommendation on Theravance, Inc. (NASDAQ:THRX) with a target price of $21.00 per share following the announcement of second quarter 2011 financial results. Theravance's second quarter 2011 loss per share of 31 cents was wider than the Zacks Consensus Estimate of a loss of 26 cents as well as the year-ago loss of 28 cents per share. The wider loss was attributable to a flat top-line performance as well as increased research and development (R&D) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Hikes Prices Posted: 18 Aug 2011 04:25 AM PDT The industrial gases company Air Products & Chemicals Inc. (NYSE:APD) announced price increases of 15% for liquid and bulk helium gases in North America effective September 1, 2011. Strong demand for helium and its tight supply have resulted in the price increase. The supply of helium across the globe has been tight with product allocations implemented by the U.S. Bureau of Land Management and with many other global helium sources producing below capacity. Also, helium sources located … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MICROS, Delta Hotels Join Forces Posted: 18 Aug 2011 04:25 AM PDT MICROS Systems Inc. (NASDAQ:MCRS) recently formed a partnership with Delta Hotels and Resorts, through its subsidiary MICROS eCommerce Services|TIG Global. The financial details of the deal were not disclosed. Based in Canada, Delta Hotels and Resorts is a hospitality company with 46 full-service, city center and airport hotels and resorts under the Delta brand. Delta Hotels and Resorts, which can boast a refined assortment of properties exclusive to the Canadian region, has an edge over its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Tech To Aid Unmanned Duty Posted: 18 Aug 2011 04:25 AM PDT Defense contractor Lockheed Martin Corporation (NYSE:LMT) received a $47 million contract from the U.S. Army to develop technology, which will assist the unmanned cargo missions of the army. Per the contract, Lockheed will partner with Kaman Aerospace (NASDAQ:KAMN) to develop  unmanned technology using the K-MAX helicopter platform. The U.S. Army has been investing in the development of unmanned technology as these autonomous operations help to increase the army's capability in accurate delivery … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Federal Realty To Run Rockville Parking Posted: 18 Aug 2011 04:25 AM PDT Federal Realty Investment Trust (NYSE:FRT), a real estate investment trust (REIT) that owns, manages and develops retail and mixed-use properties, has recently gained management control of the Rockville Town Square parking garage replacing the City of Rockville. The strategic move is aimed at building a public-private partnership to create a more customer-friendly parking experience in the shopping mall, in tune with the vibrant downtown environment of the region. Rockville Town Square is one of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ArthroCare SpeedLock OK’d Posted: 18 Aug 2011 04:25 AM PDT Surgical products maker ArthroCare Corp (NASDAQ:ARTC) has won the clearance of the U.S. Food and Drug Administration's ("FDA") for its SpeedLock knotless fixation device. The device has been designed for use in fixation of soft tissue to bone, mainly in labral repair procedures. SpeedLock, an implant which is made from polyether-etherketone polymer (a widely used material in orthopedic implants), complements the company's existing range of suture anchors and suture passing technology … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JA Solar’s Inroads To China Posted: 18 Aug 2011 04:25 AM PDT JA Solar Holdings Co., Ltd. (NASDAQ:JASO) has signed an agreement to supply approximately 21 MW of solar products to Huanghe Hydropower Development Co., Ltd. by September 2011. Huanghe Hydropower, a subsidiary of China Power Investment Corporation, is a large-scale integrated energy company engaged mainly in the development, construction, production and operation of power plants, production of silicon and solar power equipment and the production and selling of aluminum products. China Power … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Constellation Energy Extends Agreement Posted: 18 Aug 2011 04:25 AM PDT Constellation Energy Group Inc. (NYSE:CEG) said the Illinois Manufacturers Association (IMA) has chosen Constellation as its endorsed energy supplier. The IMA has signed a three-year agreement with Constellation, renewing and expanding its 10 year old relationship with the company. Constellation Energy has provided IMA members with customized energy solutions and price certainty for almost a decade. The company's new contract with IMA gives its member companies even more ways to protect their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valero Denies Double E Commitments Posted: 18 Aug 2011 04:25 AM PDT Valero Energy Corp. (NYSE:VLO) has denied any commitment to ship oil on the Double E pipeline from Cushing, Oklahoma to Houston. The company asserted that it is still supporting the rival Keystone XL project, which is a TransCanada Corp. (NYSE:TRP) undertaking, and remains committed to receiving shipments of Canadian oil via the Keystone XL pipeline extension. Double E is a 450,000 barrels per day oil link initiated by Enterprise Products Partners (NYSE:EPD) and Energy Transfer Equity (NYSE:ETE). The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sunoco To Divest Haverhill Plant Posted: 18 Aug 2011 04:25 AM PDT In an attempt to streamline its refining and marketing businesses, Sunoco (NYSE:SUN) has entered into an agreement with Haverhill Chemicals LLC, a unit of Goradia Capital LLC to sell its phenol manufacturing facility in Haverhill, Ohio. The sale price of the plant has being settled at approximately $106.5 million, including the value of the product inventory. The deal, pending customary conditions and approvals, is slated to be closed by year-end 2011. In the second quarter of 2011, Sunoco assumed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Losses Mount At Korea Electric Posted: 18 Aug 2011 04:25 AM PDT South Korean utility behemoth – Korea Electric Power Corporation (NYSE:KEP), in the first half of 2011 witnessed a six fold rise in its net operating loss to KRW1.30 trillion (USD$1.22 billion), compared to a net operating loss of KRW178 billion (USD$0.17 billion) in the first half of 2010. This was primarily due to increased fuel costs and higher power purchase costs which went up 18.5% and 44.8% respectively compared to the first half of 2010. Operating revenues went up by 12.0% year over year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Extends Losses After Retail Sales Disappoint Posted: 18 Aug 2011 04:22 AM PDT Forexpros – The pound extended losses against the U.S. dollar on Thursday, falling to a fresh daily low after a report showing U.K. retail sales rose less-than-expected in July added to concerns over the U.K. economic outlook. <br /><br />GBP/USD hit 1.6480 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.6492, declining 0.32%.&nbsp; <br /><br />Cable was likely to find support at 1.6322, the low of August 16 and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil To Follow S&P 500 Lower, Gold Threatens Record High Posted: 18 Aug 2011 04:08 AM PDT Talking Points Crude Oil Under Pressure as Risk Aversion Heats Up Anew Gold Threatens Swing High as Safe-Haven Flows Return WTI Crude Oil (NY Close): $87.58 // +0.93 // +1.07% Crude prices continue to track broad-based risk appetite trends, with a pullback seemingly in the cards as S&P 500 stock index futures trade aggressively lower ahead of the opening bell on Wall Street. All eyes are on US Consumer Price Index figures and the Philadelphia Fed Business Confidence gauge. The former … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Higher Amid SNB Intervention Speculation Posted: 18 Aug 2011 03:51 AM PDT Forexpros – The U.S. dollar was higher against the Swiss franc on Thursday, trading close to the previous session&rsquo;s three-week high amid speculation the Swiss National Bank was intervening in the market in an effort to curb the Swissie&rsquo;s strength.<br /><br />USD/CHF hit 0.7988 during European morning trade, a daily high; the pair subsequently consolidated at 0.7961, climbing 0.75%.<br /><br />The pair was likely to find support at 0.7768, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/USD Cracking Channel Near 1.4380; Above 1.4250, Outlook Remains Bullish But A Choppy One Posted: 18 Aug 2011 03:44 AM PDT Prev: EUR/USD's Bullish Targets Are 1.4555, 1.4695 and 1.4940; 1.4420 is Support (8/17) EUR/USD - The EUR/USD can be observed roughly rallying in a rising channel since August 11 from the 1.41-1.4120 lows. - The 1.4420 and 1.4400 levels were important support and was cracked in the Asian session. - In the European session an attempt to break back above a local pivot at about 1.4450 failed. - Ahead of the US session, the market is breaking below the rising channel support near 1.4380. - The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Steady As Noda Warns Of Yen Strength Posted: 18 Aug 2011 03:19 AM PDT Forexpros – The U.S. dollar was fractionally lower against the yen on Thursday, continuing to trade below levels that prompted the Bank of Japan to intervene in the currency market, after Japan&rsquo;s Finance Minister warned of the yen&rsquo;s persistent strength, indicating the country could intervene to stem the yen&rsquo;s gains.<br /><br />USD/JPY hit 76.52 during European morning trade, a daily low; the pair subsequently consolidated at 76.59, easing down … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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