DailyMarkets.com - CIT Unveils New Credit Facility
DailyMarkets.com - CIT Unveils New Credit Facility |
- CIT Unveils New Credit Facility
- AES Allocates Funds In Brazil
- Caterpillar Lowered To Neutral
- Fred Posts In-line 2Q, Ups Outlook
- Shire’s Firazyr Cleared In The US
- Unilife Unveils Unifill EZMix
- EUR/USD’s Loud Noise Causing Whiplash Within The 1.4350-1.4450 Range; Breaking To The Upside
- Forex – EUR/USD Gains In Early U.S. Trade
- Forex – USD/JPY Down Toward The End Of European Session
- Exelon Acquires Wolf Hollow Assets
- Forex – GBP/USD Up Toward The End Of European Session
- The “Forgotten” Precious Metal
- Forex Trading: EURUSD Bounces Off Yesterday’s Low. No Desire To Extend Lower.
- Healthways Stays Neutral
- Deal Wins Continue For Accenture
- SINA Faces Strict Regulations
- Wall Street Opens Lower, Reverse Weakness After Bernanke
- Forex – EUR/USD Down During The European Session
- USD/CHF In Sharp Range Breakout After Bernanke Puts Away QE3; Targets 0.8240, 0.8525
- Forex – GBP/JPY Down In European Trading Hours
- Forex Trading: EURUSD Corrects Quickly To 1.4396 And Falls Back Off
- Ben Bernanke’s Jackson Hole Speech
- No Quick-fix For Economy As Bernanke Demands Fiscal Stimulus
- Crude Steady Below $85 As Investors Await Bernanke Cue
- Xtract Energy Resumes AIM Trading With New Fundraising For Elko Acquisition
| CIT Unveils New Credit Facility Posted: 26 Aug 2011 10:05 AM PDT CIT Group Inc. (NYSE:CIT) announced a new revolving credit facility of $2 billion with a consortium of key relationship banks. The new credit facility with an interest rate of LIBOR +2.00-2.75% (with no floor) would mature in August 2015. The interest rate is based on CIT's long term senior unsecured credit rating.
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| Posted: 26 Aug 2011 10:05 AM PDT Independent power producer, The AES Corporation (NYSE:AES) announced that it is planning to invest R$1.1 billion ($683 million) in Brazil via its Brazilian arm AES Tiete. The new investment will increase its energy-generation capacity in the state of Sao Paulo enabling it to meet the conditions of a court order. A court has ordered AES Corporation to enhance its power-generation capacity in Sao Paulo after it failed to meet the terms of the state-owned utility’s purchase agreement in 1999.
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| Caterpillar Lowered To Neutral Posted: 26 Aug 2011 09:35 AM PDT Caterpillar Inc. (NYSE:CAT) posted a strong second quarter with EPS surging 58% and sales jumping to an all-time quarterly record on the back of increase in machine demand and continued economic growth. However, results failed to meet the Zacks Consensus Estimate.
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| Fred Posts In-line 2Q, Ups Outlook Posted: 26 Aug 2011 09:35 AM PDT Fred’s Inc. (NASDAQ:FRED) posted adjusted earnings of 14 cents in its second-quarter 2011, in line with adjusted earnings in the prior-year quarter and the Zacks Consensus Estimate.
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| Shire’s Firazyr Cleared In The US Posted: 26 Aug 2011 09:05 AM PDT Recently, the US Food and Drug Administration (FDA) delivered a boost to Shire (NASDAQ:SHPGY) by approving its drug Firazyr (icatibant). The US regulatory body has granted marketing approval to the drug for treating adults suffering from acute attacks of hereditary angioedema (HAE). HAE is a rare genetic disease characterized by acute swelling of the hands, feet, face and larynx.
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| Posted: 26 Aug 2011 09:05 AM PDT Retractable syringes maker Unilife Corporation (UNIS) reported that it has developed the Unifill EZMix multiple-chamber ready-to-fill (prefilled) syringe for lyophilized (dried by freezing) drugs and vaccines requiring reconstitution. The Pennsylvania-based company is also patenting for the new device.
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| EUR/USD’s Loud Noise Causing Whiplash Within The 1.4350-1.4450 Range; Breaking To The Upside Posted: 26 Aug 2011 08:52 AM PDT Prev: USD Crosses Continue Directionless Trading Ahead of Jackson Hole (8/24) UDPATE: As I was wrapping up this article, the market is breaking above 1.4450. So, let's anticipate the rally towards the 1.45-1.4517 high and if we can close above that today. Still, be careful of volatile action below 1.4517.
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| Forex – EUR/USD Gains In Early U.S. Trade Posted: 26 Aug 2011 08:48 AM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro moved higher against the U.S. dollar in early trade Friday, following the release of weak economic numbers and a much-anticipated speech by Federal Reserve Chairman Ben Bernanke.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>EUR/USD hit 1.4329 in early U.S. trade, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – USD/JPY Down Toward The End Of European Session Posted: 26 Aug 2011 08:40 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on GDP.<br/><br/> USD/JPY was trading at 76.61, down 1.11% at time of writing.<br/><br/> The pair was likely to find support at 76.47, Tuesday’s low, and resistance at 77.70, Thursday’s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Exelon Acquires Wolf Hollow Assets Posted: 26 Aug 2011 08:35 AM PDT Exelon Corporation (NYSE:EXC), yesterday, acquired Wolf Hollow, a combined-cycle natural gas-fired power plant, for a price of $305 million.
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| Forex – GBP/USD Up Toward The End Of European Session Posted: 26 Aug 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> GBP/USD was trading at 1.6296, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 1.6209, today’s low, and resistance at 1.6571, Tuesday’s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The “Forgotten” Precious Metal Posted: 26 Aug 2011 08:18 AM PDT Friday, August 26, 2011
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| Forex Trading: EURUSD Bounces Off Yesterday’s Low. No Desire To Extend Lower. Posted: 26 Aug 2011 08:12 AM PDT The 1.4327 was the low from yesterday and it is the low from today. If the market was intent on selling and trending the chance was there to push it through the low and extend the range. Instead profit takers came in and bought the pair - moving the price back higher…quickly.
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| Posted: 26 Aug 2011 08:05 AM PDT We reiterate our Neutral rating on Healthways Inc. (NASDAQ:HWAY). Its second-quarter fiscal 2011 earnings of 17 cents a share missed the Zacks Consensus Estimate by a penny.
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| Deal Wins Continue For Accenture Posted: 26 Aug 2011 08:01 AM PDT Technology, outsourcing and consulting company Accenture Plc. (NYSE:ACN) is currently witnessing surge in deal wins and is fast building up its order book position, which is expected to help the company generate sustainable revenue stream going forward.
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| Posted: 26 Aug 2011 08:01 AM PDT Chinese micro-blog "weibo" provider, SINA Corp. (SINA) is expected to face stiff regulatory control over Internet content, according to a recent report by Chinese newspaper Beijing Daily.
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| Wall Street Opens Lower, Reverse Weakness After Bernanke Posted: 26 Aug 2011 08:00 AM PDT 08/26/11 US Q2 GDP and the U. of Michigan’s consumer sentiment index came in below forecasts. Fed Chairman Bernanke said the FOMC would consider options at the September … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Down During The European Session Posted: 26 Aug 2011 08:00 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on GDP.<br/><br/> EUR/USD was trading at 1.4359, down 0.14% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, Thursday’s low, and resistance at 1.4500, Tuesday’s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| USD/CHF In Sharp Range Breakout After Bernanke Puts Away QE3; Targets 0.8240, 0.8525 Posted: 26 Aug 2011 07:53 AM PDT Prev: USD Continues Directionless Trading Ahead of Jackson Hole (8/24) The USD/CHF broke above the 0.80 resistance as Bernanke proposes no plan for stimulus measures, shelving QE3, as many expected by the second half of this week.
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| Forex – GBP/JPY Down In European Trading Hours Posted: 26 Aug 2011 07:40 AM PDT Forexpros – The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on GDP.<br/><br/> GBP/JPY was trading at 124.87, down 1.00% at time of writing.<br/><br/> The pair was likely to find support at 124.51, today’s low, and resistance at 127.33, Monday’s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the U.S. rose less-than-expected to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex Trading: EURUSD Corrects Quickly To 1.4396 And Falls Back Off Posted: 26 Aug 2011 07:37 AM PDT As per prior post, the 1.4396 level held corrective resistance. ON the downside the price is pressuring the downside support levels at the 1.4358 and the 1.4346 level (losw from Monday). THe 1.4327 low for the week is the next target below that with the 1.4309 and 1.4260
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| Ben Bernanke’s Jackson Hole Speech Posted: 26 Aug 2011 07:27 AM PDT The much awaited Jackson Hole speech has been posted to the US Federal Reserve website; below are some highlights. The first quote is the one most people will be interested in, and refers to the fact that the Fed is optimistic on the long term prospects for the US economy, but that short term weakness should potentially be addressed; there is no obvious tip for a “QE3″, instead the line is that the FOMC has options and will consider the issues and act accordingly. In other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| No Quick-fix For Economy As Bernanke Demands Fiscal Stimulus Posted: 26 Aug 2011 07:25 AM PDT Fed Chief Bernanke attempted to shift some of the burden from the central bank's already-wide shoulders by calling on congress to deliver a short-term fiscal stimulus to aid the economy. The widely anticipated speech failed to address further quantitative easing but reiterated much of what the Fed said in its August 9 policy statement. Bernanke repeated that the economy was not in a good place with the S&P downgrade and the congressional debt-ceiling debacle stalling confidence when the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Steady Below $85 As Investors Await Bernanke Cue Posted: 26 Aug 2011 01:50 AM PDT 08/26/11 Front month crude remains under $85 this morning as investors await news from Fed Chairman Ben … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Xtract Energy Resumes AIM Trading With New Fundraising For Elko Acquisition Posted: 26 Aug 2011 01:30 AM PDT Shares in Xtract Energy (LON:XTR) resumed trading on the Alternative Investment Market this morning as the company announced that its was raising £3 million in a share placing priced at 1.25p per share. The cash has been raised to cover the costs of Xtract's acquisition of Elko Energy Inc and fund the ongoing working capital requirements of the enlarged group. Trading in Xtract was suspended in June while it worked on a deal to buy the balance of Elko – approximately 50% – that it did … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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