DailyMarkets.com - Forex – USD/JPY Down On Economic Data

---

• Forex – USD/JPY Down On Economic Data
• Forex – EUR/USD Retreats In Early Asian Trade
• Tokyo’s Core Consumer Price Inflation Falls More-than-expected
• Quote Of The Day: Dr. King Would Rejoice
• Forex – EUR/USD Down During The Asian Session
• No Worry
• Forex – NZD/USD Up In Asian Trade
• Fed Chairman Bernanke’s Jackson Hole, Wyoming Speech, US Q2 GDP, U. Of Michigan Consumer Sentiment Index, Earnings – Tiffany
• Hot Option Plays: All Hat And No Cattle
• Drill, Drill, Drill. North Dakota Leads The Country With The Largest Growth Of High-Income Taxpayers
• Rio Tinto Buys Stake In Ivanhoe
• Medtronic Launches New ECG Device
• 6 Stocks To Watch On Friday, August 26
• Earnings Scorecard: GameStop
• HP Enhances Insurance Portfolio
• GM Opel Expects To Break Even
• RIMM Focuses On Upgrades
• Clorox Remains At Neutral
• Dow Drops 170 Points, Jobless Claims Disappoint & All Focus On Bernanke Speech Tomorrow
• Forex – EUR/USD Down At The End Of U.S. Session
• AOL Teams Up With Move
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Shell Sheds Brazilian Assets
• Silver Respects Channel Support After Sharp Slide; Structure Suggests Further Correction Ahead
• HRL Beats Estimate, Guides High
• Earning Preview: Tiffany & Co.
• Patterson Co’s Net Slips, Reaffirms
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Ongoing Rail Traffic Gains Reflect Consistent Economic Expansion; No Signs Of A Double-Dip
• U.S. Markets Close Lower; Dow Jones Down 1.51%
• EIA Data Indicates Mixed Trends
• Newmont Mine Escapes Quake
• Waste Management Issues $500M Notes
• CEO Spotlight: Donald Lyons, Dennis Smith, Native One Trading
• Forex – GBP/USD Down During The U.S. Session
• Central Bank Of Egypt Holds Interest Rate At 8.25%
• Revs Rise At Immunomedics In Q4
• Unicom Profit Falls, Revenue Ups
• JPMorgan To Redeem Variable Notes
• Robust First Half For CNOOC
• Setback For Shire
• Forex – USD/CHF Down In U.S. Trading Hours
• GBP/USD Could Be Back To Ranging Mode If Held Below 1.63
• Hot Option Plays: Another Fat Finger Trade?
• Forex – USD/CAD Up In U.S. Trade
• American Eagle Disappoints In 2Q
• Thermo Fisher Concludes Phadia Buy
• Omnicare Eyes PharMerica
• Forex – EUR/USD Down In U.S. Trading Hours
• XLF Options Active After Buffett’s Thumbs-up On BofA
• Jeremy Martin Builds Momentum At Horizonte Minerals

Forex – USD/JPY Down On Economic Data Posted: 25 Aug 2011 04:45 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Thursday after the release of Japanese data on Tokyo Core CPI.<br/><br/> USD/JPY was trading at 77.37, down 0.13% at time of writing.<br/><br/> The pair was likely to find support at 76.47, Tuesday&rsquo;s low, and resistance at 77.70, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Tokyo&rsquo;s core consumer price inflation fell more-than-expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Retreats In Early Asian Trade Posted: 25 Aug 2011 04:40 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro fell marginally against the U.S. dollar in Asian trade Friday, as U.S. labor conditions showed little signs of improvement and market players await a meeting of Federal Reserve officials.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>EUR/USD hit 1.4381 in early Asian … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Tokyo’s Core Consumer Price Inflation Falls More-than-expected Posted: 25 Aug 2011 04:40 PM PDT Forexpros – Tokyo&rsquo;s core consumer price inflation fell more-than-expected last month, official data showed on Thursday.<br/><br/>In a report, the Statistics Bureau said that Tokyo&rsquo;s core CPI, which excludes fresh food costs fell to at an annualized rate of -0.2%, from 0.4% in the preceding month.<br/><br/>Analysts had expected Tokyo&rsquo;s core CPI to fall to -0.1% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quote Of The Day: Dr. King Would Rejoice Posted: 25 Aug 2011 04:38 PM PDT “Martin Luther King, resurrected, would be prouder of black America than many of its leaders and thinkers. Economic disparities remain, but in 1960 nine in 10 blacks were poor, whereas today three of four blacks are not. Tracing the remaining disparities to racism becomes trickier by the year. The ‘institutional racism’ many trace these statistics to is something black people of King’s time would have considered a much more workable adversary than open bigotry and segregation. Some holdouts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 25 Aug 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday.<br/><br/> EUR/USD was trading at 1.4373, down 0.04% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, today&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8827 and EUR/JPY falling 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

No Worry Posted: 25 Aug 2011 04:00 PM PDT In honor of tomorrow’s hoped for hail mary pass from speech by Federal Reserve Chairman Ben Bernanke, I thought it would be a good idea to get a read on what his Fed colleagues are saying about the health of the economy these days [italics mine]: Kansas City Federal Reserve President Thomas Hoenig: [Hoenig] told CNBC he sees a 20 percent chance of a recession. Speaking from the annual Jackson Hole, Wyo., meeting hosted by the Kansas City Fed, Hoenig admitted the 20 percent figure is “a fairly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade Posted: 25 Aug 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.<br/><br/> NZD/USD was trading at 0.8280, up 0.10% at time of writing.<br/><br/> The pair was likely to find support at 0.8163, Monday&rsquo;s low, and resistance at 0.8368, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.08% to hit 1.2600 and EUR/NZD falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fed Chairman Bernanke’s Jackson Hole, Wyoming Speech, US Q2 GDP, U. Of Michigan Consumer Sentiment Index, Earnings – Tiffany Posted: 25 Aug 2011 03:20 PM PDT 08/25/11 Friday morning will be heavy on event risk: Bernanke will be speaking on the US economy, a revision of Q2 GDP is scheduled for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: All Hat And No Cattle Posted: 25 Aug 2011 03:18 PM PDT Cusick’s Corner The market chopped into the After Hours, all eyes were focused on Jackson to see if the Fed Governors were able to craft a new tool for stimulus. We also will have data that might increase the chop in front of the comments coming out of the Fed’s meeting. I am looking for high probability set-ups in the Financials (I am in a credit strategy in WFC) and Tech segments (was looking at AAPL spreads but have done nothing), but I am still trimming size and trading spreads rather than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Drill, Drill, Drill. North Dakota Leads The Country With The Largest Growth Of High-Income Taxpayers Posted: 25 Aug 2011 03:11 PM PDT And it’s not even close. #2 South Dakota is way behind. “The map above [from the Tax Policy blog] shows the percentage growth of taxpayers earning over $200,000, minus the percentage growth of all taxpayers, over the decade-long period from 1999 to 2009. The $200,000 threshold is in nominal dollars, so all states will have had considerable growth, but the differences between the states demonstrate that certain states have had much stronger increases in wealthy taxpayers than others. North … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rio Tinto Buys Stake In Ivanhoe Posted: 25 Aug 2011 03:05 PM PDT In order to directly manage the Oyu Tolgoi project, RioTinto Plc. (NYSE:RIO) recently increased its stake in Ivanhoe Mines Ltd. (NYSE:IVN) by 2% to 48.5%. Based in Mongolia, Oyu Tolgoi is a copper and gold mine in which Ivanhoe has a 66% stake and the remainder is owned by the Mongolian government. Rio Tinto would exercise its right to subscribe and  acquire an additional 27.9 million shares in Ivanhoe Mines for C$529.5 million, through its wholly-owned subsidiary, Rio Tinto International … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Launches New ECG Device Posted: 25 Aug 2011 03:05 PM PDT Medtronic's (NYSE:MDT) wholly-owned subsidiary, Physio-Control recently launched ReadyLink 12-Lead ECG device to provide enhanced care for heart attack patients and expand regional STEMI systems. According to the company, this product is the first device of its kind to expand the reach of regional chest pain management networks. During the first quarter of fiscal 2012, Physio-Control recorded $103 million of revenues, up 23% year over year or 17% at constant exchange rate. The growth was driven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

6 Stocks To Watch On Friday, August 26 Posted: 25 Aug 2011 03:04 PM PDT  ( click to enlarge ) PAETEC Holding Corp. (NASDAQ:PAET) has been on a nice uptrend and could be ready to breakout. I would not be surprised to see this stock trade back to $5.39 or better in the short term.  ( click to enlarge ) A123 Systems, Inc. (AONE), this stock jumped over 9% today to close at $4.70. It ended the day trading 4 million shares and closed near the highs of the day. I would not be surprised to see this stock over $5 in the next few days.  ( click to enlarge … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: GameStop Posted: 25 Aug 2011 02:35 PM PDT GameStop Corporation (NYSE:GME), the video game and entertainment software retailer, recently posted soft second-quarter 2011 results. Street analysts had over a week to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by the analysts as well as the Zacks Rank and long-term recommendation for the stock. Earnings Report Review GameStop's quarterly earnings of 22 cents a share came down 15.4% from 26 cents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HP Enhances Insurance Portfolio Posted: 25 Aug 2011 02:35 PM PDT Tech major Hewlett-Packard Company (NYSE:HPQ) recently announced a new solution for insurance providers. The company recently expanded its life, health and annuity policy administration systems, thereby helping insurance providers to improve agility, mitigate risk and accelerate delivery of new products. The insurance industry is growing rapidly and this move by H-P is expected to help insurance providers expand their business to a considerable extent. The company has enhanced the RADIENCE … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Opel Expects To Break Even Posted: 25 Aug 2011 02:35 PM PDT General Motors Company's (NYSE:GM) European arm, Opel, expects to break even in 2011, a year earlier than its previous projection. The unit anticipates its sales volumes to go up by 100,000 units to 1.4 million vehicles next year. The company intends to achieve 5% return on sales by 2016. Opel is also seeking a partner in the field of fuel-saving hybrid powertrains in order to share development costs for manufacturing gasoline-electric hybrid cars. The company intends to meet the pollution … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RIMM Focuses On Upgrades Posted: 25 Aug 2011 02:05 PM PDT BlackBerry maker Research In Motion, Ltd., (NASDAQ:RIMM) recently announced its plan to upgrade its service offerings by adding another value-added service to its portfolio. The new service, namely BlackBerry Messenger (BBM) Music will enable BlackBerry users to share songs and music with other users. Growing competition from Google Inc's (NASDAQ:GOOG) Android-based smartphones and Apple Inc.'s (NASDAQ:AAPL) iPhone and iPad series will likely lead to further market share loss. Even the popular BlackBerry … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Clorox Remains At Neutral Posted: 25 Aug 2011 02:05 PM PDT We are maintaining a long-term Neutral recommendation on Clorox Corporation (NYSE:CLX) with a target price of $67.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term Hold rating on the stock. Clorox is one of the world’s leading manufacturers of consumer products. Furthermore, the company possesses a strong portfolio of brands, including Clorox, Glad, Brita, Armor All, Burt’s Bees, STP and Kingsford, whichoffer a competitive edge to the company and bolsters its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Drops 170 Points, Jobless Claims Disappoint & All Focus On Bernanke Speech Tomorrow Posted: 25 Aug 2011 02:00 PM PDT 08/25/11 NYFP’s Closing Bell Market Monitor: the Dow drops 170 points, jobless claims unexpectedly rise & all focus turns to Fed Chairman Ben Bernanke’s speech … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 25 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4379, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, today&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 417K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AOL Teams Up With Move Posted: 25 Aug 2011 01:40 PM PDT AOL Inc. (AOL) recently launched a new real estate search experience on AOL Real Estate that is powered by online real estate services provider Move, Inc. (NASDAQ:MOVE). Move, Inc.’s agreement with AOL will provide the former exclusive rights to power the AOL Real Estate homes for sale search experience. The AOL Real Estate search experience powered by Move will enable users to refine their search by multiple criteria including open houses, new listings and price reductions, along with connecting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 25 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/JPY was trading at 77.55, up 0.74% at time of writing.<br/><br/> The pair was likely to find support at 76.47, Tuesday&rsquo;s low, and resistance at 77.70, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shell Sheds Brazilian Assets Posted: 25 Aug 2011 01:35 PM PDT In an attempt to reduce its share of offshore block in Brazil, Royal Dutch Shell Plc (RDS.A) is all set to sell its exploration asset in Santos Basin to local oil and natural gas company QGEP Participacoes SA. This is Shell's second Brazilian offshore asset disposition deal in the last two months. Per the terms of the agreement, Shell, the current operator of the concession, will dispose its 30% stake in the BS-4 block for an undisclosed amount, and retain only a 10% interest. The remaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silver Respects Channel Support After Sharp Slide; Structure Suggests Further Correction Ahead Posted: 25 Aug 2011 01:30 PM PDT Prev: Gold and Silver See Outside Bars Developing in Their Daily Charts (8/23) Silver (XAG/USD) Silver was sliding with gold after the outside bar on Tuesday. However, since the break above 39.50-39.60 resistance area, silver remains in an upwards channel and respected channel support Today (Thursday). The daily chart shows the bounce not only from the channel support but bounce from the previous resistance of a sideways consolidation. This suggests that despite the sharp slide, silver … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HRL Beats Estimate, Guides High Posted: 25 Aug 2011 01:30 PM PDT On August 25, Hormel Foods Corporation (NYSE:HRL) posted strong results for the third quarter of fiscal 2011 with an EPS of 36 cents compared with 32 cents in the corresponding period of fiscal 2010. The recorded EPS marginally surpassed the Zacks Consensus Estimate by a penny. Net earnings attributable to the company reached $98.5 million, up from $85.4 million in the third quarter of 2010. The increase was driven by the year-over-year earnings growth in Grocery Products and Jennie-O Turkey Store … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earning Preview: Tiffany & Co. Posted: 25 Aug 2011 01:30 PM PDT Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, is scheduled to report its second-quarter 2011 financial results before the bell on Friday, August 26, 2011. The current Zacks Consensus Estimate for the quarter is 69 cents a share. For the quarter under review, revenue is $786 million, according to the Zacks Consensus Estimate. First-Quarter 2011, a Synopsis Tiffany posted better-than-expected first-quarter 2011 results buoyed by improved demand for luxury … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Patterson Co’s Net Slips, Reaffirms Posted: 25 Aug 2011 01:30 PM PDT Patterson Companies Inc. (NASDAQ:PDCO), a leading distributor of dental, veterinarian and rehabilitation medical supplies, posted first-quarter fiscal 2012 (ended July 30) earnings per share of 42 cents, below the Zacks Consensus Estimate of 44 cents and the year-ago earnings of 45 cents. Net income clipped 9.9% year over year to $48.6 million, hit by expenses associated with the Minnesota-based company's Employee Stock Ownership Plan ("ESOP"). Excluding the impact, the company reported … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 25 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4380, down 0.24% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, today&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 417K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ongoing Rail Traffic Gains Reflect Consistent Economic Expansion; No Signs Of A Double-Dip Posted: 25 Aug 2011 01:20 PM PDT Warren Buffet’s single most favorite economic indicator – weekly rail traffic – continues to reflect healthy economic activity, based on the volume of raw materials, natural resources, metals, motor vehicles, chemicals and basic raw inputs moving around the country (and Canada and Mexico).  From today’s American Association of Railroads report:  1. U.S. railroads originated 300,521 carloads for the week ending August 20, 2011, up 1.1 percent compared with the same week last year. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.51% Posted: 25 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Thursday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 1.51%, the S&P 500 index shed 1.56%, while the Nasdaq 100 index declined 1.72%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 417K last week from 412K in the preceding week whose figure was revised up from 408K.<br/><br/> Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EIA Data Indicates Mixed Trends Posted: 25 Aug 2011 01:01 PM PDT The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell unexpectedly as imports dropped, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending on Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Newmont Mine Escapes Quake Posted: 25 Aug 2011 01:01 PM PDT Gold miner Newmont Mining Corp. (NYSE:NEM) announced that its mine in the northern Peruvian Andes was not damaged by the 7.0 earthquake that hit a remote Amazon region of Peru. Located high in the Andes Mountains of Peru, Yanacocha is the largest gold producer in Latin America. Attributable gold production at Yanacocha in Peru was 175,000 ounces at costs applicable to sales of $545 per ounce during the second quarter of 2011. Gold production decreased 3% in the second quarter of 2011 from 2010 due … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Waste Management Issues $500M Notes Posted: 25 Aug 2011 01:01 PM PDT Integrated waste management company  Waste Management Inc. (NYSE:WM) issued $500 million unsecured notes yielding 2.6% interest per year and maturing on September 1, 2016. The notes were offered at $99.991 (per $100.00 principal). The new note offering secured a 'BBB' rating from Fitch Rating. Waste Management intends to utilize the proceeds of the new debts issue to fund the $425 million acquisition cost of Oakleaf Global Holdings and use the remaining proceeds for general corporate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CEO Spotlight: Donald Lyons, Dennis Smith, Native One Trading Posted: 25 Aug 2011 01:00 PM PDT 08/25/2011 Native One’s Founder and Co-Founder explain the history and tradition behind the Native American financial services … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 25 Aug 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> GBP/USD was trading at 1.6291, down 0.51% at time of writing.<br/><br/> The pair was likely to find support at 1.6262, today&rsquo;s low, and resistance at 1.6571, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Egypt Holds Interest Rate At 8.25% Posted: 25 Aug 2011 12:48 PM PDT The Central Bank of Egypt held its overnight deposit rate unchanged at 8.25%, and the overnight lending rate at 9.75%, while also holding the discount rate at 8.50% and the 7-day repo rate at 9.25%.  The Bank said: “It is important to note that while a marked decline in economic activity was expected, the magnitude is larger than anticipated at the outset of the revolution.” The Bank also said: “the slowdown in economic growth should limit upside risks to the inflation outlook. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Revs Rise At Immunomedics In Q4 Posted: 25 Aug 2011 12:35 PM PDT Immunomedics Inc.'s (NASDAQ:IMMU) fourth quarter fiscal 2011 (ended June 30) earnings of $0.03 surpassed the year-ago earnings of $0.01. The Zacks Consensus Estimate hinted at a loss of $0.06. Earnings in the quarter were boosted by higher revenues. Quarterly Results Revenues in the final quarter of fiscal 2011 came in at $11.1 million compared to the year-ago figure of $6.1 million. Revenues blew past the Zacks Consensus Estimate of $3 million. The year-over-year jump was primarily attributable … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Unicom Profit Falls, Revenue Ups Posted: 25 Aug 2011 12:35 PM PDT China Unicom (NYSE:CHU), China’s second largest mobile operator, announced first half 2011 results with earnings per share of RMB 0.113 ($0.17 per share) dropping 8.9% year over year. Adjusted net income fell 5.5% year over year to RMB 2.637 billion ($0.403 billion). The significant decline in profitability can be traced to high costs associated with 3G service deployments and network expansion. Revenue & Subscriber Excluding deferred fixed-line upfront connection fees, total revenues climbed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

JPMorgan To Redeem Variable Notes Posted: 25 Aug 2011 12:35 PM PDT On Wednesday, JPMorgan Chase & Co. (NYSE:JPM) announced the redemption of variable maturity notes due 2025, having maturity value of $9 million. The notes, having their maturity date on March 3, 2025, command a redemption price of 100% of the total amount. JPMorgan will start the redemption of these notes effective September 6, 2011. Earlier in April, JPMorgan had redeemed zero coupon notes due in 2012 with a maturity value of $25.013 million. These notes, with their maturity date on February … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Robust First Half For CNOOC Posted: 25 Aug 2011 12:35 PM PDT China's dominant producer of offshore crude oil and natural gas, CNOOC Limited (NYSE:CEO) reported robust first-half 2011 results. Net profit in the period increased 51.4% year over year to 39.343 billion yuan (US$6.01 billion), or 0.88 yuan per share ($13.44 per ADS), buoyed by strong oil price realizations and production growth (exchange rate: 1.00 yuan = US$0.1527, 1 ADS = 100 shares). Total revenue in the period was 97.54 billion yuan (US$14.89 billion), up 44.3% from the year-earlier level. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Setback For Shire Posted: 25 Aug 2011 12:35 PM PDT Recently, Shire (NASDAQ:SHPGY) suffered a setback when it failed in its efforts to expand the label of Dermagraft, which is already marketed in the US for treating patients suffering from diabetic foot ulcers (DFUs). Shire was evaluating Dermagraft for treating patients suffering from venous leg ulcers (VLU). However, Dermagraft performed disappointingly in a late-stage pivotal trial (n>500) for the indication. The study evaluated the safety and efficacy of Dermagraft for treating VLU … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Down In U.S. Trading Hours Posted: 25 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/CHF was trading at 0.7935, down 0.29% at time of writing.<br/><br/> The pair was likely to find support at 0.7840, Monday&rsquo;s low, and resistance at 0.7989, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Could Be Back To Ranging Mode If Held Below 1.63 Posted: 25 Aug 2011 12:23 PM PDT Prev: GBP/USD Anchors Out of Rising Channel; Hammering at 1.6450-1.6460 Support (8/22) GBP/USD GBP/USD fell sharply after breaking below the 1.6450 support. After a brief pause at 50% retracement, it fell through the 61.8% retracement level near 1.63, and is cracking the 200SMA in the 4H chart. The RSI is also kissing 30 showing bearish momentum. The 1.63 is important support and being broken invalidates the bullish scenario for now. If the market can break below 1.6250-1.6260 pivot … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Another Fat Finger Trade? Posted: 25 Aug 2011 12:18 PM PDT Cusick’s Corner With mixed economic data, Claims came in little worse than expected, the world’s largest CEO resigns, volatility is still high and the market bounced and pulled back after someone over in Europe decided it was a good time to cram the DAX (which will be known by tonight as the fat sausage finger trade). At this stage I am trading strategies that take advantage of the market volatility like in Gold, GCZ11 holding 1750, by using ratio spreads. Here’s an example — if you are a bull … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 25 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/CAD was trading at 0.9880, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.9792, today&rsquo;s low, and resistance at 0.9919, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

American Eagle Disappoints In 2Q Posted: 25 Aug 2011 12:05 PM PDT American Eagle Outfitters Inc. (NYSE:AEO) recently reported second-quarter 2011 results. Earnings in the second quarter decreased to 10 cents per share from the year-ago earnings of 13 cents per share and missed the Zacks Consensus Estimate of 11 cents a share. Quarterly Review During the quarter, American Eagle's net sales went up 4.0% year over year to $676.0 million, still below the Zacks Consensus Estimate of $770 million. Same-store sales came in flat for the quarter. In the relevant … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thermo Fisher Concludes Phadia Buy Posted: 25 Aug 2011 12:05 PM PDT Recently, Thermo Fisher Scientific (NYSE:TMO) completed the previously announced acquisition of Phadia. In May 2011, the company had decided to acquire Phadia for €2.47 billion (approximately $3.5 billion) in cash from European private equity firm Cinven. Phadia, based in Uppsala, Sweden, is a leading player in allergy and autoimmunity diagnostics. Phadia, founded in 1967, operates through two leading brands — ImmunoCAP for allergy tests and EliA for autoimmunity tests. The company recorded … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Omnicare Eyes PharMerica Posted: 25 Aug 2011 12:05 PM PDT Omnicare Inc. (NYSE:OCR), which sells drugs to long-term care facilities and nursing homes, recently reported that it went public with an offer valued at $457 million for pharmacy management services company, PharMerica Corporation (NYSE:PMC). The shares of both companies subsequently went up. Omnicare and PharMerica are the biggest institutional pharmacy providers in the U.S. The cash offer from Omnicare values PharMerica at $15 per share, a premium of about 37% to the latter's closing price last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 25 Aug 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> EUR/USD was trading at 1.4376, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4328, today&rsquo;s low, and resistance at 1.4500, Tuesday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 417K … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

XLF Options Active After Buffett’s Thumbs-up On BofA Posted: 25 Aug 2011 10:56 AM PDT XLF options active after Buffett's thumbs-up on BofA Today's tickers: XLF, LIZ, MRK & PSS (XLF) – Financial Select Sector SPDR ETF – The financials ETF popped Thursday morning on news Warren Buffett's Berkshire Hathaway bought $5 billion worth of cumulative perpetual preferred stock in beleaguered U.S. lender, Bank of America Corp. The XLF's morning rally gave way to losses in early-afternoon trade as heavy selling in Germany and soaring yields on Euro-area sovereign debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jeremy Martin Builds Momentum At Horizonte Minerals Posted: 25 Aug 2011 08:53 AM PDT Twelve months ago Jeremy Martin, the chief executive of nickel and gold exploration group Horizonte Minerals (LON:HZM), oversaw a major tie-up with industry giant Teck Resources (TSX:TCK) that promised to transform the AIM listed company. The move involved Teck handing over control of its Araguaia nickel project in the Carajas mineral district of northern Brazil in return for a 50% stake in Horizonte. Since then, Horizonte has merged Araguaia with its own Lontra nickel project and met every … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610