DailyMarkets.com - KeyCorp To Redeem $361M TRUPs |
- KeyCorp To Redeem $361M TRUPs
- Northeast Utilities Shy Of Ests
- European Markets Close Lower; Dax Down 2.30%
- Earnings Scorecard: Ecolab
- OfficeMax Outpaces Estimate
- ISM Service Index Disappoints
- Markets In Everything: The Cruzin Cooler
- Ruth’s Hospitality Misses By A Penny
- Lincoln On Acquisition Spree
- CSN Posts Upbeat 2Q Results
- Morton’s Surpasses Estimates
- Australian Dollar: The Downside Prevails
- Canadian Dollar: The Downside Prevails
- Forex – Dollar Mixed As Risk Aversion Rises After U.S. ISM Data
- Crude Oil Futures Drop To 5-week Low After U.S. EIA Inventory Data
- Forex – GBP/USD Eases Off 2-day High After U.S. ISM Declines
- A Look At The S&P500 At Critical Support
- Word From The Floor: Wall Street Faces Mixed Data, Technical Levels
- Forex – EUR/USD Pares Gains After Weak U.S. ISM Data
- Gold Futures Trade Near Record After U.S. ISM, Factory Data
- The U.S. Is Drunk On Ethanol: Where’s The Outrage?
| Posted: 03 Aug 2011 10:05 AM PDT KeyCorp (NYSE:KEY) announced that it would fully redeem about $361 million of Trust Preferred Securities (TRUPs) issued by KeyCorp Capital V, KeyCorp Capital VI, KeyCorp Capital VIII and Union State Capital Trust I. These include 5.875% TRUPs, 6.125% TRUPs, 7% Enhanced TRUPs and 9.580% Capital Securities.
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| Northeast Utilities Shy Of Ests Posted: 03 Aug 2011 10:05 AM PDT Northeast Utilities (NYSE:NU) reported second quarter 2011 earnings of 44 cents per share, shy of the Zacks Consensus Estimate of 48 cents.
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| European Markets Close Lower; Dax Down 2.30% Posted: 03 Aug 2011 09:55 AM PDT Forexpros – European stocks were down after the closing bell on Wednesday.<br/><br/> At the close of European trade, Germany’s DAX fell 2.30%, London’s FTSE 100 shed 2.34%, France’s CAC 40 declined 2.08% and the EURO STOXX 50 was down 1.85%.<br/><br/> Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 114K last month, from 145K in the preceding month whose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 09:35 AM PDT Ecolab's (NYSE:ECL) second-quarter fiscal 2011 earnings per share of 64 cents met the Zacks Consensus Estimate while profit fell as charges associated with the European restructuring more than offset the double-digit growth in top line.
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| Posted: 03 Aug 2011 09:35 AM PDT OfficeMax Inc. (NYSE:OMX) recently posted better-than-expected second-quarter 2011 results. The quarterly earnings of 7 cents a share outpaced the break-even estimate according to the Zacks Consensus, but dropped 41.7% from 12 cents earned in the year-ago quarter. The company in order to check the fall in its bottom line has been managing its costs effectively.
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| Posted: 03 Aug 2011 09:35 AM PDT The Institute for Supply Management's Non-Manufacturing, or Service, survey fell in July to 52.7 from 53.3 in June. That is the lowest reading since January 2010. Like its venerable brother the Manufacturing survey, this is a "magic 50" index where any reading above 50 indicates that the economy is expanding and anything below 50 represents an economic contraction. Thus, this means that the Service side of the economy, which is far larger than the manufacturing side, is still growing, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Markets In Everything: The Cruzin Cooler Posted: 03 Aug 2011 09:15 AM PDT Official Cruzin Cooler website here. HT: Mike … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Ruth’s Hospitality Misses By A Penny Posted: 03 Aug 2011 09:05 AM PDT Heathrow, Florida-based Ruth's Hospitality Group Inc. (NASDAQ:RUTH) reported second quarter 2011 adjusted earnings of 10 cents per share, missing the Zacks Consensus Estimate by a penny, but ahead of the prior-year quarter earnings of 8 cents per share. The year-over-year upside in earnings was driven by top-line growth.
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| Posted: 03 Aug 2011 08:50 AM PDT Lincoln Electric Holdings Inc. (NASDAQ:LECO) recently announced the acquisition of the welding operations of Maryland based Techalloy Company Inc. and of its parent company, Central Wire Industries Ltd. The company is a producer of nickel alloy and stainless steel welding consumables, which are positioned well globally in the high growth energy and infrastructure business segments. These segments are expected to continue to grow as well as expand and improve Lincoln's relationship with its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 03 Aug 2011 08:35 AM PDT Companhia Siderurgica Nacional (NYSE:SID) or CSN's financial results for the second quarter 2011 were encouraging as both its top-line and bottom-line results showed healthy growth year over year and sequentially.
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| Posted: 03 Aug 2011 08:35 AM PDT Chicago-based Morton's Restaurant Group, Inc. (NYSE:MRT) recently posted second quarter 2011 adjusted earnings of 5 cents, beating the Zacks Consensus Estimate by a penny. Reported earnings were also ahead of the year-ago earnings of 2 cents per share. The earnings were driven by improvement in business travel resulting in positive comps for the sixth consecutive quarter and margin expansion.
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| Australian Dollar: The Downside Prevails Posted: 03 Aug 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Canadian Dollar: The Downside Prevails Posted: 03 Aug 2011 08:18 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Dollar Mixed As Risk Aversion Rises After U.S. ISM Data Posted: 03 Aug 2011 08:04 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts on Wednesday, as the release of mixed U.S. economic data added to the general risk adverse mood, while the Swiss franc trimmed losses, as the effects of measures by the Swiss National Bank to curb the currency’s gains appeared temporary.<br /><br />During U.S. morning trade, the greenback was lower against the euro, with EUR/USD rising 0.63% to hit 1.4290.<br /><br />European Commission … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures Drop To 5-week Low After U.S. EIA Inventory Data Posted: 03 Aug 2011 07:53 AM PDT Forexpros – Crude oil futures extended losses on Wednesday, dropping to five-week low after a government report showed that U.S. crude oil and gasoline inventories increased last week, underlining concerns over a slowdown in demand from the world’s largest oil consumer. <br /><br />On the New York Mercantile Exchange, light sweet crude futures for delivery in September traded at USD92.15 a barrel during U.S. morning trade, tumbling 1.15%. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – GBP/USD Eases Off 2-day High After U.S. ISM Declines Posted: 03 Aug 2011 07:51 AM PDT Forexpros – The pound eased back from a two-day high against the U.S. dollar on Wednesday, after a report showed activity in the U.S. services sector declined unexpectedly last month, falling to the lowest level since February 2010.<br /><br />GBP/USD pulled back from 1.6409, the pair’s highest since Monday, to hit 1.6379 during early U.S. trade, still up 0.50% on the day.<br /><br />Cable was likely to find support at 1.6223, Tuesday’s low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| A Look At The S&P500 At Critical Support Posted: 03 Aug 2011 07:48 AM PDT Previous: Where will the S&P 500 Go Now (7/9)
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| Word From The Floor: Wall Street Faces Mixed Data, Technical Levels Posted: 03 Aug 2011 07:45 AM PDT 08/03/11 The ADP employment report came in better-than-expected, but the ISM services index posted a slight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – EUR/USD Pares Gains After Weak U.S. ISM Data Posted: 03 Aug 2011 07:42 AM PDT Forexpros – The euro pared gains against the U.S. dollar on Wednesday, after an industry report showed that the pace of growth in the U.S. services sector declined unexpectedly in July to the lowest level since February 2010.<br /><br />EUR/USD pulled back from 1.4344, the pair’s highest since Monday, to hit 1.4274 during U.S. morning trade, still up 0.51% over the day.<br /><br />The pair was likely to find support at 1.4142, the days low and a two-week low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Gold Futures Trade Near Record After U.S. ISM, Factory Data Posted: 03 Aug 2011 07:38 AM PDT Forexpros – Gold futures were up on Wednesday, re-approaching the intraday record high after disappointing data on U.S. service sector activity and factory orders added to signs of sluggish U.S. economic growth. <br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,672.05 a troy ounce during U.S. morning trade, gaining … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| The U.S. Is Drunk On Ethanol: Where’s The Outrage? Posted: 03 Aug 2011 07:26 AM PDT From a Scientific American article “Intoxicated on Independence: Is Domestically Produced Ethanol Worth the Cost?” (emphasis added): “Ethanol remains more expensive than petroleum-derived gasoline. And that means subsidies: $7 billion in 2010 alone, once tax credits, tariffs and other incentives are added together. In fact, between 1980 and 2000 the U.S. government has devoted some $19 billion in tax breaks alone to the ethanol-from-corn effort, according to the U.S. Government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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