DailyMarkets.com - Big Changes Afoot
DailyMarkets.com - Big Changes Afoot |
- Big Changes Afoot
- Stock Watch List For Next Week
- Monetary Policy Week In Review – 6 August 2011
- Hot Option Plays: Whiplash
- Earnings Preview: Earnings Season Not Done Yet
- CF Industries Beats On EPS
- Loss Widens At PMI Group
- Earnings Preview: DTS Inc.
- Loss At MannKind Wider Than Expected
- Windstream Meets EPS, Beats Revs
- Hudson City Upped To Neutral
- Hot Topic Gets Positive Comps
- Teradata Beats, Boosts Outlook
- BNY Mellon To Charge For Deposits
- Yale Varsity Tests Medtronic Product
- Forex – EUR/USD Up At The End Of U.S. Session
- Forex – GBP/USD Up At The End Of U.S. Session
- Stone Energy Beats On Oil Prices
- Novo Nordisk Revenues Up
- Forex – USD/JPY Down At The End Of U.S. Session
- BJ’s Delivers Healthy Sales
- Costco Sustains Sales Momentum
- AES Tops, Backs View
- Wyndham, The Resort Under One Roof
- Q2 Results Solid
- Major Hurdle Cleared With ISO Certification
- Meritor Lags Estimates
- Lower Spending Boosts Par Pharma
- Major Hurdle Cleared With ISO Certification
- Symmetry’s 2Q Mixed, Shaves View
- Buckeye Beats Estimates
- Earnings Preview: Computer Sciences
- Precious Metals As Lifeboats In A Sinking Ship
- SmartStops.net Introduces New Market Risk Barometer Indicator
- U.S. Markets Mixed At Close; Dow Jones Up 0.54%
- Analyst Interviews: Health Insurance Stock Outlook
- EA Unveils Battlefield 3 Editions
- Hercules Beats By A Nickel
- RRD Gets Print Management Contract
- Fidelity Abandons Misys
- Forex – USD/JPY Falls In U.S. Afternoon Trade
- Gentiva’s Bottom Line Declines
- Employment Report In Depth, Pt. 1
- ConEd Tops EPS, Sales Miss
- Hot Option Plays: Market’s Bringing Ugly Back
- Gold Futures Pad Gains In U.S. Trade
- InterMune Loss Rise, Costs Flare Up
- Crude Oil Futures Rise In U.S. Afternoon Trade
- One Day After Sinking Sentiment, ECB Calms Markets On Talk Of Buying Italian Bonds
- Call Spreader Eyes Near-term Turn-around In Valeant
- FX Markets Volatile & Dollar Drop Continues On Eurozone Debt News
- Chart Of The Week Copper’s Weak Supply Growth
| Posted: 05 Aug 2011 04:38 PM PDT In case you haven’t noticed, there are big changes afoot in the housing market. (From ”Scenes from Surrendered Homes,” How to Be a Retronaut.) (From “The Tent City of New Jersey: Desperate Victims of the Economic Slump Forced to Live in Makeshift Homes in Forest,” The Daily Mail.)
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| Stock Watch List For Next Week Posted: 05 Aug 2011 03:42 PM PDT ( click to enlarge ) MasterCard Incorporated (NYSE:MA) might face a period of sideways action while it consolidates the gains booked in the last sessions. MA has been in a nice uptrend for the last 6 months and it looks very strong with both 50 day and 200 day moving average going up. The stock will face short to medium term resistance at $340.42. Once this level is crossed with good volumes, the stock can go to $372. ( click to enlarge ) InterDigital, Inc. (NASDAQ:IDCC) – The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Monetary Policy Week In Review – 6 August 2011 Posted: 05 Aug 2011 03:33 PM PDT The past week in monetary policy saw 12 central banks reviewing monetary policy settings, with 2 expanding asset buying programs, and just 3 adjusting interest rate levels. Those that adjusted interest rates were: Pakistan -50bps to 13.50%, Uganda +100bps to 14.00%, and Turkey -50bps to 5.75%; Switzerland also adjusted its interest rate target range downward to halt gains in the Swiss franc. Meanwhile those that held rates unchanged were: Botswana 9.50%, Uzbekistan 12.00%, Australia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 05 Aug 2011 03:18 PM PDT Cusick’s Corner
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| Earnings Preview: Earnings Season Not Done Yet Posted: 05 Aug 2011 03:15 PM PDT
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| Posted: 05 Aug 2011 03:15 PM PDT CF Industries Holdings Inc. (NYSE:CF) has reported a second quarter EPS of $6.75 versus $1.54 in the year-earlier quarter. This included a non-cash mark-to-market loss on natural gas derivatives, of 12 cents per share.
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| Posted: 05 Aug 2011 03:15 PM PDT PMI Group Inc. (NYSE:PMI) reported second-quarter net loss of $1.76 per share, which is wider than the Zacks Consensus Estimate of a loss of 48 cents. Results also deteriorated from the year-ago loss of $1.11 per share.
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| Posted: 05 Aug 2011 03:03 PM PDT DTS Inc. (NASDAQ:DTSI) is scheduled to release its second quarter 2011 results after the market closes on August 8, 2011.
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| Loss At MannKind Wider Than Expected Posted: 05 Aug 2011 03:03 PM PDT MannKind Corporation's (NASDAQ:MNKD) second quarter 2011 adjusted net loss of $0.33 per share was wider than the Zacks Consensus Estimate of a loss of $0.29. The wider-than-expected loss was attributable to the higher research and development (R&D) expenses incurred during the reported quarter. The company posted a loss of $0.37 in the year-ago quarter.
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| Windstream Meets EPS, Beats Revs Posted: 05 Aug 2011 03:03 PM PDT Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider, has reported second quarter adjusted earnings per share (EPS) of 19 cents, at par with the Zacks Consensus Estimate.
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| Posted: 05 Aug 2011 03:03 PM PDT We are upgrading our recommendation on Hudson City Bancorp Inc. (NASDAQ:HCBK) to Neutral from Underperform. The revision follows a detailed analysis of the company's fundamentals post second quarter results.
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| Posted: 05 Aug 2011 02:35 PM PDT HOT Topic Inc. (NASDAQ:HOTT) reported positive same-store sales of 7.3% for the month of July, striding ahead of the 0.4% rise in the preceding quarter and leaving behind the 9.0% fall in the year-earlier period.
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| Teradata Beats, Boosts Outlook Posted: 05 Aug 2011 02:35 PM PDT Teradata Corp. (NYSE:TDC) reported second quarter 2011 earnings of 57 cents per share, beating the Zacks Consensus Estimate by a nickel. Earnings per share (EPS), including stock-based compensation of 3 cents, grew 29.5% from 44 cents per share in the year-ago quarter.
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| BNY Mellon To Charge For Deposits Posted: 05 Aug 2011 02:35 PM PDT On Thursday, The Bank of New York Mellon Corporation (NYSE:BK) announced to charge fee on cash deposits of institutional investors following the surge in deposit balance with the banks. Investors having accounts with average deposit of over $50 million in the bank would come under the purview of charges.
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| Yale Varsity Tests Medtronic Product Posted: 05 Aug 2011 02:35 PM PDT Medtronic (NYSE:MDT) has decided to provide a grant to Yale University to conduct two fully independent third-party reviews for the safety and effectiveness of its recombinant bone morphogenic protein-2 (rhBMP-2). The company will provide Yale with all available patient-data from the clinical trials.
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 05 Aug 2011 02:10 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> EUR/USD was trading at 1.4279, up 1.30% at time of writing.<br/><br/> The pair was likely to find support at 1.4056, Thursday’s low, and resistance at 1.4453, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Up At The End Of U.S. Session Posted: 05 Aug 2011 02:05 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> GBP/USD was trading at 1.6394, up 0.84% at time of writing.<br/><br/> The pair was likely to find support at 1.6225, Tuesday’s low, and resistance at 1.6476, Monday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Stone Energy Beats On Oil Prices Posted: 05 Aug 2011 02:01 PM PDT Stone Energy Corp. (NYSE:SGY) reported second-quarter 2011 earnings of $1.17 per share, outpacing the Zacks Consensus Estimate of 98 cents and improving from the year-earlier profit of 57 cents. The outperformance was primarily based on production growth and higher oil price realizations.
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| Posted: 05 Aug 2011 02:01 PM PDT Basel, Switzerland based Novo Nordisk (NYSE:NVO) reported earnings of $1.36 per American Depository Receipt (ADR), in the second quarter 2011, up 10 cents over the prior-year earnings of $1.26 per ADR. The annualized rise in earnings was driven by higher revenues. Earnings were however 7 cents below the Zacks Consensus Estimate of $1.43.
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| Forex – USD/JPY Down At The End Of U.S. Session Posted: 05 Aug 2011 02:00 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls.<br/><br/> USD/JPY was trading at 78.47, down 0.52% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Monday’s low, and resistance at 80.24, Thursday’s high.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 05 Aug 2011 01:50 PM PDT BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the four-week period ended July 30, 2011.
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| Costco Sustains Sales Momentum Posted: 05 Aug 2011 01:50 PM PDT Costco Wholesale Corporation (NASDAQ:COST), one of the leading U.S. warehouse club operators, recently posted healthy sales data for the four-week period ended July 31, 2011.
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| Posted: 05 Aug 2011 01:50 PM PDT AES Corporation (NYSE:AES) reported second quarter results with adjusted earnings per share (EPS) of 28 cents, 4 cents above the Zacks Consensus Estimate as well as the year-ago figure.
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| Wyndham, The Resort Under One Roof Posted: 05 Aug 2011 01:50 PM PDT Wyndham Worldwide Corporation (NYSE:WYN) has recently acquired substantially all the assets of The Resort Company LLC ("TRC"), an established vacation rental and property management company plus owner of Steamboat Resorts. The financial terms of the deal were not disclosed.
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| Posted: 05 Aug 2011 01:35 PM PDT Brian Marckx, CFA Chembio Diagnostics (CEMI) reported financial results for the second quarter ending June 30, 2011 on August 4th. Revenue of $3.61 million was about 4% below our $3.78 million estimate. The difference almost entirely attributable to lower than modeled product sales ($3.33 MM E vs. $2.97MM A). While DPP sales to FIOCRUZ handily beat our estimate ($275k E vs. $848k A), this was more than offset by softer than expected revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Major Hurdle Cleared With ISO Certification Posted: 05 Aug 2011 01:35 PM PDT Brian Marckx, CFA Verisante Technology (VRS) announced in late July that they obtained ISO 13485:2003 certification for manufacture of medical devices. As we have detailed in our coverage of Verisante, successfully gaining ISO certification was the most significant near-term milestone to gaining regulatory approval of Aura in Canada, Europe and Australia – the expected initial markets for their skin cancer detection device. With the ISO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 05 Aug 2011 01:35 PM PDT Meritor Inc. (MTOR) showed a profit of $25 million or 26 cents per share in the third quarter of its fiscal year ended June 30, 2011, falling behind the Zacks Consensus Estimate of 29 cents per share.
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| Lower Spending Boosts Par Pharma Posted: 05 Aug 2011 01:35 PM PDT Par Pharmaceutical Companies Inc. (NYSE:PRX) posted adjusted earnings of 84 cents per share during the second quarter of fiscal 2011, well above the Zacks Consensus Estimate of 76 cents per share, and the year-ago earnings of 71 cents per share. Higher gross margin and lower operating expenses helped boost earnings.
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| Major Hurdle Cleared With ISO Certification Posted: 05 Aug 2011 01:35 PM PDT Brian Marckx, CFA Verisante Technology (VRSEF) announced in late July that they obtained ISO 13485:2003 certification for manufacture of medical devices. As we have detailed in our coverage of Verisante, successfully gaining ISO certification was the most significant near-term milestone to gaining regulatory approval of Aura in Canada, Europe and Australia – the expected initial markets for their skin cancer detection device. With the ISO … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Symmetry’s 2Q Mixed, Shaves View Posted: 05 Aug 2011 01:35 PM PDT Symmetry Medical's (NYSE:SMA) second-quarter fiscal 2011 adjusted earnings per share of 16 cents beat the Zacks Consensus Estimate by a couple of cents and exceeded the year-ago adjusted earnings of 13 cents.
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| Posted: 05 Aug 2011 01:35 PM PDT Buckeye Partners L.P. (NYSE:BPL) announced second-quarter 2011 operating earnings of $1.00 per limited partner unit, surpassing the Zacks Consensus Estimate of 80 cents per unit. The results of the partnership were higher than the year-ago earnings of 58 cents per unit.
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| Earnings Preview: Computer Sciences Posted: 05 Aug 2011 01:35 PM PDT Computer Sciences Corporation (NYSE:CSC) is scheduled to announce its first quarter 2012 results on August 10, 2011, and we do witness a small variation in analysts' estimates at this point.
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| Precious Metals As Lifeboats In A Sinking Ship Posted: 05 Aug 2011 01:26 PM PDT The musicians are fiddling as the world burns. Global markets are navigating slowly in an ocean of greed, stupidity and compromise. Hundreds of years ago, masses of people took to the streets of Europe dancing madly in a kind of national "moshpit". The cause of this "St. Vitus" mania was never diagnosed.
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| SmartStops.net Introduces New Market Risk Barometer Indicator Posted: 05 Aug 2011 01:18 PM PDT
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| U.S. Markets Mixed At Close; Dow Jones Up 0.54% Posted: 05 Aug 2011 01:10 PM PDT Forexpros – U.S. stocks were mixed after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average rose 0.54%, the S&P 500 index shed 0.06%, while the Nasdaq 100 index declined 0.58%.<br/><br/> Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 117K last month, from 46K in the preceding month whose figure was revised up from 18K.<br/><br/> … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Analyst Interviews: Health Insurance Stock Outlook Posted: 05 Aug 2011 01:05 PM PDT Several health insurers posted strong second-quarter results and raised their full-year outlooks. Most of these gains reflected higher enrollment figures, organizational changes and fewer regulatory reform-related losses. Most of them are moving into the third year of record profits, which continue to benefit from a lingering recessionary mind-set among members, who are postponing medical utilization. Health insurance companies finished strongly in 2010, helped by reduced medical utilization … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EA Unveils Battlefield 3 Editions Posted: 05 Aug 2011 01:05 PM PDT Video game developer and publisher, Electronic Arts (NASDAQ:ERTS) better known as EA, announced the launch of two editions of its highly anticipated Battlefield 3 and some unique pre-order items at participating retailers in North America.
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| Posted: 05 Aug 2011 01:05 PM PDT Hercules Technology Growth Capital Inc.'s (NASDAQ:HTGC) second quarter 2011 distributable net operating income (DNOI) came in at 26 cents per share, ahead of the Zacks Consensus Estimate of 21 cents. This also compares favorably with a DNOI of 22 cents in the prior-year quarter.
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| RRD Gets Print Management Contract Posted: 05 Aug 2011 01:05 PM PDT R.R. Donnelley & Sons Company (NYSE:RRD) won a multi-year print management contract from Herbalife, a nutrition and weight management company.
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| Posted: 05 Aug 2011 01:05 PM PDT Fidelity Inc. (NYSE:FIS) recently announced that it has abandoned its plan of acquiring British financial software company Misys Plc., after the two companies failed to reach a consensus regarding the purchase price. Earlier, in late June, Florida-based Fidelity made a preliminary offer to buy Misys for approximately $2.27 billion. However, Fidelity did not give any reason for the decision.
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| Forex – USD/JPY Falls In U.S. Afternoon Trade Posted: 05 Aug 2011 12:53 PM PDT Forexpros – The Japanese yen advanced against the U.S. dollar Friday, as recent yen-weakening moves by the Bank of Japan failed to reverse a wider trend of upward momentum in the Japanese currency.<br /><br />In early Asian trade USD/JPY hit 79.41, the pair’s highest since July 14; the pair subsequently consolidated at 78.40, falling 0.6%. <br /><br />The pair was likely to find support at 77.01, Thursday’s low, and resistance at 79.41, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gentiva’s Bottom Line Declines Posted: 05 Aug 2011 12:35 PM PDT Gentiva Health Services Inc. (GTIV) reported its second-quarter adjusted operating earnings of $15.1 million or 49 cents per share, lagging behind the Zacks Consensus Estimate of 65 cents. The income also compares negatively with $22.7 million or 74 cents earned in the year-ago quarter.
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| Employment Report In Depth, Pt. 1 Posted: 05 Aug 2011 12:35 PM PDT The economy added a total of 117,000 jobs in July. That is better than consensus expectations for a gain of 84,000. This report was a bit better than the ADP report on Wednesday. That report showed 114,000 private sector jobs created, and the expectations were for the BLS to show 100,000 new private sector jobs. The "actual" BLS number of private sector jobs was 154,000. Government payrolls declined by 37,000. The Federal Government actually added 2,000 jobs. The State (-23,000) and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 05 Aug 2011 12:35 PM PDT Consolidated Edison Inc. (NYSE:ED), also known as ConEd, announced second quarter fiscal 2011 results with pro forma earnings per share (‘EPS’) of 57 cents above the Zacks Consensus Estimate of 53 cents and the prior-year figure of 51 cents. GAAP and pro forma EPS in the reported quarter were the same while GAAP EPS in the prior-year quarter was 65 cents.
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| Hot Option Plays: Market’s Bringing Ugly Back Posted: 05 Aug 2011 12:18 PM PDT Cusick’s Corner
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| Gold Futures Pad Gains In U.S. Trade Posted: 05 Aug 2011 12:13 PM PDT Forexpros – Gold futures extended gains Friday, boosted by suggestions from the European Central Bank that it was prepared to buy Italian and Spanish bonds in exchange for promises of financial reforms.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,658.95 a troy ounce during U.S. afternoon trade, climbing 0.73% higher. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| InterMune Loss Rise, Costs Flare Up Posted: 05 Aug 2011 12:05 PM PDT InterMune Inc. (NASDAQ:ITMN) posted second-quarter adjusted loss per share of 68 cents, wider than the Zacks Consensus Estimate of a loss per share of 61 cents and the year-ago loss per share of 44 cents. Steeper operating expenses resulted in the higher loss in the reported quarter.
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| Crude Oil Futures Rise In U.S. Afternoon Trade Posted: 05 Aug 2011 11:44 AM PDT Forexpros – Crude oil futures extended gains in U.S. trade Friday, boosted by a weakening dollar against the euro, as the European Central Bank appeared prepared to buy Italian bonds in return for economic reforms.<br /><br />On the New York Mercantile Exchange light, sweet crude futures for September delivery traded at USD86.75, gaining 0.33%, after hitting a daily low of USD83.03.<br /><br />The European Central Bank was reportedly prepared to purchase Italian bonds … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| One Day After Sinking Sentiment, ECB Calms Markets On Talk Of Buying Italian Bonds Posted: 05 Aug 2011 11:28 AM PDT Another volatile day in trading as the initial relief rally from the better than expected non-farm payroll data gave way to another round of selling in US equities. However, we had news come in from the Euro-zone sovereign debt situation which seems to have given market sentiment a jolt in the positive direction. ECB To Buy Italian Bonds As Italy Agrees to Reforms
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| Call Spreader Eyes Near-term Turn-around In Valeant Posted: 05 Aug 2011 11:01 AM PDT Call spreader eyes near-term turn-around in Valeant
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| FX Markets Volatile & Dollar Drop Continues On Eurozone Debt News Posted: 05 Aug 2011 09:30 AM PDT 08/05/11 In what has been a see-saw trading day, the dollar has continued its steady decline this afternoon despite strong jobs data on global recession fears and mixed reports out of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Chart Of The Week Copper’s Weak Supply Growth Posted: 04 Aug 2011 10:00 PM PDT A flurry of weak economic news lately is weighing heavily on copper's price. Recently, the red metal dipped to its lowest since July 25 after a release of weak global manufacturing numbers and concern over global growth.
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