DailyMarkets.com - Louise Yamada Speaks Like A Wyckoff Student

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• Louise Yamada Speaks Like A Wyckoff Student
• Forex – EUR/USD Dips In Early Asian Trade
• Hot Option Plays: Faire Du Yoyo
• Forex – EUR/USD Down During The Asian Session
• Forex – Dollar Mixed In Early Asian Trade
• Forex – NZD/USD Down On Economic Data
• How Austerity Is Ushering In A Global Recession
• SEC Whistleblower Rules In Effect
• 3 Education Stocks To Watch
• N.Z. PPI Input Rises Less-than-expected
• Helmerich & Payne In Neutral Lane
• Estee Lauder Beats, Gives Outlook
• SK Telecom Remains Neutral
• Schlumberger Remains Neutral
• GD Serving Saudi Arabia Land Forces
• Staying Neutral On Southwestern Energy
• RSG Adds To Share Buyback Plan
• Crescendo Assets In F5 Kitty
• Excel Trust To Repurchase Shares
• BRE Properties Boosts Portfolio
• The Day Ahead: BOE Minutes, Euro-zone CPI, US Data – PPI, EIA Oil Inventories; Earnings – Deere, Target
• NVIDIA Beats On Higher Revenues
• Wells Fargo Unit, Citadel Ink Deal
• Badger Meter Approves Dividend Hike
• Promising Therapy From Medtronic
• Rating Action On Unum Group
• Neutral View On Abiomed
• A New CFO For Benihana
• Starbucks Spreads “Via” Coffee
• Earnings Preview: BJ’s Wholesale
• Closing Bell Market Monitor: HD, WMT, URBN, GOOG, DELL
• Industrial Production Up More Than Expected
• Interpublic Sells Half Of Facebook Stake
• Forex – EUR/USD Down At The End Of U.S. Session
• Eaton Buys German Filter Maker
• Harsco Addresses Environmental Worry
• Forex – USD/JPY Down Toward The End Of U.S. Session
• Sprint Calls Off Playbook Debut
• Goldman Again Entangled In Lawsuit
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 0.67%
• Boeing Swells Order Book By $2.5B
• Forex – GBP/USD Up During The U.S. Session
• Home Depot Beats Estimates
• Gilead’s Quad Meets Study Goal
• Pfizer Scores In Viagra Litigation
• NCR Wins ATM Servicing Deal
• Forex – USD/CHF Up In U.S. Trading Hours

Louise Yamada Speaks Like A Wyckoff Student Posted: 16 Aug 2011 05:40 PM PDT Watch these two videos. The language used and market analysis is directly out of Wyckoff market phase tool box. -Volume up on sell offs, down on rallies -Distribution -Wait for market to base (4 months or more), or accumulation to present it self. -Relative strength or weakness of emerging (leading) markets -No need to be in the market all the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Dips In Early Asian Trade Posted: 16 Aug 2011 04:36 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The euro eased slightly against the U.S. dollar Tuesday, as a meeting of leaders from Europe&rsquo;s two largest economies failed to excite the market on prospects of a solution to the region&rsquo;s debt woes.&nbsp;</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Faire Du Yoyo Posted: 16 Aug 2011 04:18 PM PDT Cusick’s Corner The see-saw continues with a foreign accent. Merkel-Sarkozy proposed a plan for a new Eurozone council. Traders were rather disappointed and responded today to both German and French rejection of selling euro bonds to stabilize government debt and banking systems in the Eurozone, instead the bonds would have to be backed by all those in the zone. Any hope of a bigger bailout to help out Spain or Italy was also squashed because Sarkozy said that the current size of their bailout … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The Asian Session Posted: 16 Aug 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.<br/><br/> EUR/USD was trading at 1.4394, down 0.09% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4475, Monday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8753 and EUR/JPY falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed In Early Asian Trade Posted: 16 Aug 2011 04:05 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar was mixed against its major counterparts in Asian trade Tuesday, as a meeting of European leaders failed to ease market concerns over the debt threat to euro-zone nations.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p style=”font: normal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down On Economic Data Posted: 16 Aug 2011 04:00 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of N.Z. data on PPI Input.<br/><br/> NZD/USD was trading at 0.8336, down 0.32% at time of writing.<br/><br/> The pair was likely to find support at 0.8094, Thursday&rsquo;s low, and resistance at 0.8390, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that New Zealand&rsquo;s producer price inflation input rose … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How Austerity Is Ushering In A Global Recession Posted: 16 Aug 2011 03:58 PM PDT Not only is the United States slouching toward a double dip, but so is Europe. New data out today show even Europe's strongest core economies – Germany, France, and the Netherlands – slowing to a crawl. We're on the cusp of a global recession. Policy makers be warned: Austerity is the wrong medicine. We all know about the weaknesses in Europe's "periphery" – Greece, Ireland, Spain, Portugal, and Italy. But the drop in Europe's core is dizzying. Germany grew at an annualized … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SEC Whistleblower Rules In Effect Posted: 16 Aug 2011 03:57 PM PDT 08/16/11 The SEC’s whistleblower program is now active. The Final Rules encourages internal reporting and financial rewards may be few and far … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

3 Education Stocks To Watch Posted: 16 Aug 2011 03:56 PM PDT   ( click to enlarge ) Technically, Apollo Group, Inc. (NASDAQ:APOL) just broke out above its 50-day MA at $46.64.  The stock price is now riding on an upward movement. Technical indicators are becoming more favorable with MACD and Stochastics starting to turn up. Next resistance lies at today’s high of $47.91 and then at $48.66.     ( click to enlarge ) Corinthian Colleges, Inc.  (NASDAQ:COCO) – The daily chart above shows a symmetrical triangle that is getting narrower by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

N.Z. PPI Input Rises Less-than-expected Posted: 16 Aug 2011 03:55 PM PDT Forexpros – New Zealand&rsquo;s producer price inflation input rose less-than-expected in the last quarter, official data showed on Tuesday.<br/><br/>In a report, Statistics New Zealand said that N.Z. PPI input rose to a seasonally adjusted 0.9%, from 2.2% in the preceding quarter.<br/><br/>Analysts had expected N.Z. PPI input to rise 1.1% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Helmerich & Payne In Neutral Lane Posted: 16 Aug 2011 03:35 PM PDT We are maintaining our long-term Neutral recommendation on Helmerich & Payne Inc. (NYSE:HP) on the back of superior drilling fleet and a healthy financial profile that is partially offset by weak oil and natural gas fundamentals. Our optimism is supported by the company's brightthird quarter fiscal 2011 results (three months ended June 30, 2011), aided by strong contributions from most of its business units. Earnings per share from continuing operations (excluding special items) were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Estee Lauder Beats, Gives Outlook Posted: 16 Aug 2011 03:35 PM PDT Estee Lauder Companies Inc. (NYSE:EL) posted robust results for the fourth quarter and fiscal year 2011. Quarterly earnings were 25 cents per share in the fourth quarter, beating the Zacks Consensus Estimate by a penny. However, the earnings lagged the prior-year quarter’s earnings of 29 cents, down 14.0%. The full-year 2011 earnings results were $3.69, in line with the Zacks Consensus Estimate, while surpassing the fiscal 2010 earnings of $2.75 per share. The earnings also exceeded the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SK Telecom Remains Neutral Posted: 16 Aug 2011 03:35 PM PDT We are maintaining our long-term Neutral recommendation on the South Korean telecom giant SK Telecom Corp Ltd (NYSE:SKM) following its strong second quarter results. For the short term (1–3 months), the stock retains the Zacks #3 Rank (Hold). Operating income and net income improved on the back of lower marketing expenses and increased smartphone activations. Revenue also remained healthy due to growing mobile services as well as new business and other revenues. We believe strong smartphone … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schlumberger Remains Neutral Posted: 16 Aug 2011 03:35 PM PDT We have maintained a Neutral recommendation on Schlumberger Limited (NYSE:SLB) with a target price of $92.00 following the announcement of its second quarter 2011 results. Earnings of the company were well ahead of the Zacks Consensus Estimate and year-ago adjusted results. Earnings benefited from an increase in revenue that was boosted by strong growth worldwide and double-digit growth rates in all product groups. Partial dampeners were the extended spring break-up in Canada and poor weather in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GD Serving Saudi Arabia Land Forces Posted: 16 Aug 2011 03:35 PM PDT General Dynamics Land Systems, a business unit of General Dynamics Corporation (NYSE:GD), has received two contracts with a combined value of $42.4 million from the U.S. Army TACOM Lifecycle Management Command. The U.S. Army awarded the contract on behalf of the Royal Saudi Land Forces for the Kingdom of Saudi Arabia’s tank program. The contract is part of a plan by the Kingdom of Saudi Arabia to upgrade its entire fleet of 314 Abrams tanks. The two contracts worth $12.6 million and $29.8 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staying Neutral On Southwestern Energy Posted: 16 Aug 2011 03:35 PM PDT We are maintaining our long-term Neutral recommendation for Southwestern Energy Company (NYSE:SWN) following its impressive second quarter 2011 results. However, a tempered outlook due to the weak natural gas scenario in the U.S. keeps us on the sidelines. Southwestern reported better-than-expected earnings backed by improved production growth, primarily at its Fayetteville shale operations. During the reported quarter, oil and gas production experienced a 25% year-over-year jump encouraged by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

RSG Adds To Share Buyback Plan Posted: 16 Aug 2011 03:35 PM PDT Republic Services Inc. (NYSE:RSG) announced that its board of directors has authorized an aggregate buyback of $750 million of common stock, which includes the previous authorization. The company will have to repurchase the shares by December 31, 2013, as per the latest authorization. Earlier, in November 2010, the board of directors had authorized a buyback of $400 million of common stock of which the company utilized $303.2 million to repurchase 10.1 million shares at an average price of $30.08 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crescendo Assets In F5 Kitty Posted: 16 Aug 2011 03:35 PM PDT F5 Networks Inc. (NASDAQ:FFIV) took over certain intellectual property assets of Crescendo Networks, yesterday. Financial details of the deal were not divulged. A relatively new name in the Application Delivery Controller (ADC) market, Israel-based Crescendo has specialized in the development of hardware solutions for application delivery and load balancing. Currently, the company is going through a liquidation process. Post completion, F5 will add certain IP assets into its Traffic Management … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Excel Trust To Repurchase Shares Posted: 16 Aug 2011 03:35 PM PDT Excel Trust, Inc. (EXL), a real estate investment trust (REIT) primarily focusing on retail assets, has recently executed a stock repurchase program to facilitate a selective purchase of its common stock over a given time period. The strategic move is aimed at capitalizing on the current market fundamentals by mopping out some of the common stock of the company at a relatively low price, as the shares are presently undervalued due to uncertain market sentiments.     In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BRE Properties Boosts Portfolio Posted: 16 Aug 2011 03:35 PM PDT BRE Properties, Inc. (BRE), a real estate investment trust, recently acquired Lafayette Highlands, an 8.2-acre property in Lafayette, California for $48.75 million. The company funded the acquisition with proceeds from the company's revolving credit facility. The acquired property is 95.0% occupied. BRE Properties primarily engages in the development of the land parcels and new apartment communities. The properties of BRE are usually located near business, transportation, employment and other … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: BOE Minutes, Euro-zone CPI, US Data – PPI, EIA Oil Inventories; Earnings – Deere, Target Posted: 16 Aug 2011 10:20 AM PDT 08/16/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NVIDIA Beats On Higher Revenues Posted: 16 Aug 2011 03:05 PM PDT NVIDIA Corp. (NVDA) reported second quarter 2012 adjusted earnings per share of 26 cents, marginally beating the Zacks Consensus Estimate by a penny.  Revenues The company reported second quarter 2012 revenue of $1.02 billion, up 5.7% from the previous quarter and 25.4% from the year-ago quarter. Within business segments, the company's Graphic Processing Unit (GPU) business recorded strong performance in the second quarter driven by higher notebook product sales. Despite seasonal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo Unit, Citadel Ink Deal Posted: 16 Aug 2011 03:05 PM PDT Wells Fargo Securities, a unit of Wells Fargo & Company (NYSE:WFC) has struck a deal with Citadel Securities as part of its effort to expand its investment banking business. Under the agreement, not only will 25 investment banking professionals and related administrative staff from Citadel Securities join Wells Fargo, but will also bring home related investment banking businesses. The hired team will be led by Brian Maier, who will join as a vice chairman in Wells Fargo Securities' Client … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Badger Meter Approves Dividend Hike Posted: 16 Aug 2011 03:05 PM PDT To return more value to its shareholders, the board of directors of  Badger Meter Inc (NYSE:BMI) has authorized an increase of 14.3% in its quarterly dividend. The increased dividend of 16 cents per share is expected to be paid on September 15 to shareholders of record as on August 31. The company hiked the dividend from 14 cents a share paid on June 15, 2011. This approval marks the company’s 19th consecutive year of dividend increases.  Previously, the company increased its quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Promising Therapy From Medtronic Posted: 16 Aug 2011 03:05 PM PDT Leading medical devices player, Medtronic (NYSE:MDT) recently announced positive data for its InterStim therapy. It was observed that the therapy could improve the quality of life in a majority of patients after three years of follow -up. Earlier, in April 2011, the company had received approval from the US Food and Drug Administration (FDA) for its InterStim therapy for bowel control. The therapy was also prescribed for treating overactive bladder and non-obstructive urinary retention. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rating Action On Unum Group Posted: 16 Aug 2011 03:05 PM PDT Standard & Poor’s Ratings Services upgraded the outlook to "positive" from "stable" on Unum Group (NYSE:UNM). The rating agency maintained its “BBB-” counterparty credit rating on the company and its “A-” counterparty credit and financial strength rating on its operating subsidiaries. The upgraded outlook reflects Unum Group's increased diversification, solid operating performance and statutory capital in excess of regulatory requirement. Standard & Poor’s affirmed the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral View On Abiomed Posted: 16 Aug 2011 03:05 PM PDT We maintain our Neutral recommendation on cardiac assist devices maker Abiomed (NASDAQ:ABMD). The company's first-quarter fiscal 2012 adjusted loss per share of 11 cents was higher than the Zacks Consensus Estimate of a loss of 5 cents. However, solid sales from its popular Impella cardiac pumps helped Abiomed narrow its losses in the quarter. Revenues propelled 25% year over year to $27.4 million, but narrowly missed the Zacks Consensus Estimate. Abiomed is enjoying strong demand for its Impella … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A New CFO For Benihana Posted: 16 Aug 2011 03:05 PM PDT Benihana Inc. (NASDAQ:BNHN) announced the appointment of David Flanery, as its new chief financial officer (CFO), effective immediately. Flanery served the same post at Papa John’s International Inc. (NASDAQ:PZZA) before joining Benihana. With 17 years of experience at Papa John, Flanery can easily be called an industry veteran. At Benihana, he succeeds interim CFO, Gene R. Baldwin, who took up the post in January 2010 and will continue for some time to facilitate the transition. Flanery will be based in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starbucks Spreads “Via” Coffee Posted: 16 Aug 2011 02:35 PM PDT Six more countries will enjoy sipping instant coffee by next September – offered in single serving packets named 'Via' by Starbucks Corp. (NASDAQ:SBUX). Starbucks stores in South Korea, Indonesia, Malaysia, Singapore, Thailand and Australia will now offer Starbucks VIA Ready Brew. It has already been introduced in China, Japan, the Philippines, the U.K., and the U.S. Starbucks successfully introduced the coffee brewer in China, Hong Kong, and Taiwan in April 2011. Introduction of 'Via' in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: BJ’s Wholesale Posted: 16 Aug 2011 02:35 PM PDT BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, is scheduled to report its second-quarter 2011 financial results before the bell on Wednesday, August 17, 2011. The current Zacks Consensus Estimate for the quarter is 76 cents a share. The Zacks Consensus estimates revenue at $3,005 million for the second quarter. First-Quarter 2011, a Synopsis   BJ's Wholesale posted better-than-expected first-quarter 2011 results on the heels of a rise in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: HD, WMT, URBN, GOOG, DELL Posted: 16 Aug 2011 02:15 PM PDT 08/16/11 The latest in news, commentary, and information on what’s moved the US equities markets just after the NYSE closing bell including: Dell’s earnings, the S&P downgrade to Google, & response to the Merkel/Sarkozy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Industrial Production Up More Than Expected Posted: 16 Aug 2011 02:00 PM PDT Total Industrial Production rose 0.9% in July, which was well above the expected 0.4% increase. The report is stronger than that would indicate, since both May and June were revised up — May from down 0.1% to up 0.2% and June from a 0.2% increase to up 0.4%. That is a solid performance, and should help put fears that we are on the cusp of a new recession (rather than just continued sluggish growth) to rest. Relative to a year ago, total Industrial Production is up 3.7%. In normal times, that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interpublic Sells Half Of Facebook Stake Posted: 16 Aug 2011 02:00 PM PDT Advertisement giant Interpublic Group of Companies, Inc. (NYSE:IPG), which bought approximately 0.5% stake in Facebook (FB) way back in 2006, has reached an agreement to sell approximately half of its investment for $133 million to an undisclosed buyer. The interest, amounting to about 0.5% of Facebook's total shares, was bought for less than $5 million in 2006, which Facebook agreed to sell to Interpublic in exchange for the company's agreement to spend $10 million with Facebook for the … [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: 16 Aug 2011 01:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of euro zone data on GDP.<br/><br/> EUR/USD was trading at 1.4408, down 0.25% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4475, Monday&rsquo;s high.<br/><br/> Earlier in the day, preliminary official data showed that Gross domestic product in the euro zone rose less-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eaton Buys German Filter Maker Posted: 16 Aug 2011 01:50 PM PDT Eaton Corporation's (NYSE:ETN) acquisition deal in Germany concluded yesterday with the successful purchase of E. Begerow GmbH and Co. KG – a liquid filtration system producer. The deal, which forms a part of Eaton's strategy to expand its liquid filtration business, was announced on June 30, 2011. The acquisition will strengthen the company's current filtration offerings by adding advanced filtration technologies to its portfolio. Headquartered in Langenlonsheim, Germany, Begerow is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harsco Addresses Environmental Worry Posted: 16 Aug 2011 01:50 PM PDT In an endeavor to advance the capture and reuse of steel mill flue gases as an environmentally significant source of reliable energy, Harsco Corporation (NYSE:HSC) recently formed a strategic alliance with LanzaTech, a clean energy technology company. The financial terms of the transaction were not disclosed. Based in New Zealand, LanzaTech produces fuel-grade ethanol from steel mill gases. Its proprietary biotechnical know-how reduces greenhouse gas emissions by converting the waste gases emitted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 16 Aug 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> USD/JPY was trading at 76.79, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 76.31, Thursday&rsquo;s low, and resistance at 77.22, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint Calls Off Playbook Debut Posted: 16 Aug 2011 01:35 PM PDT The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) has scrapped its plans for launching the BlackBerry PlayBook tablet, a fourth generation (4G) version of Research In Motion Ltd.’s (NASDAQ:RIMM) tablet.   Sprint was the first wireless operator to collaborate with Research In Motion for selling 4G WiMax tablets. The cancellation was due to weak demand for the Playbook. The tablet is unable to cope with the rapid demand for Apple Inc.'s (NASDAQ:AAPL) iPads. Even the two largest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Again Entangled In Lawsuit Posted: 16 Aug 2011 01:35 PM PDT Yesterday, The Goldman Sachs Group Inc. (NYSE:GS) was sued by The Allstate Corporation (NYSE:ALL), the largest publicly traded U.S. home and auto insurer. The complaint lodged claims that Goldman misrepresented documents as an underwriter in the sale of over $123 million in mortgage-backed securities from April 2006 to March 2007. Allstate alleged that Goldman issued misleading statements and omissions related to the mortgage-backed securities and has concealed risks associated with the securities. … [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: 16 Aug 2011 01:25 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> EUR/USD was trading at 1.4407, down 0.26% at time of writing.<br/><br/> The pair was likely to find support at 1.4105, Thursday&rsquo;s low, and resistance at 1.4475, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.67% Posted: 16 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Tuesday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 0.67%, the S&P 500 index shed 0.97%, while the Nasdaq 100 index declined 0.90%.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last month, from 0.4% in the preceding month whose figure was revised up from 0.2%.<br/><br/> Analysts had expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Swells Order Book By $2.5B Posted: 16 Aug 2011 01:03 PM PDT The commercial airline producer The Boeing Co. (NYSE:BA) received orders, amounting to $2.5 billion, for 19 airplanes from Air Lease Corporation (AL). The order comprises 14 Next-Generation 737-800s and 5 777-300ER (extended range) airplanes, both regarded as Boeing’s two best-selling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The U.S. Session Posted: 16 Aug 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Tuesday after the release of U.K. data on CPI.<br/><br/> GBP/USD was trading at 1.6464, up 0.44% at time of writing.<br/><br/> The pair was likely to find support at 1.6112, Thursday&rsquo;s low, and resistance at 1.6477, today&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Consumer price inflation in the U.K. rose more-than-expected to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Home Depot Beats Estimates Posted: 16 Aug 2011 12:35 PM PDT The world’s largest home improvement retailer, The Home Depot Inc. (NYSE:HD) posted second-quarter 2011 adjusted earnings of 86 cents a share. The adjusted earnings not only surpassed the prior-year quarter's earnings of 72 cents a share (an increment of 19.4%), but also outpaced the Zacks Consensus Estimate of 82 cents a share. During the reported quarter, net sales moved up 4.2% to $20,232.0 million compared with $19,410.0 million in the prior-year quarter, and ahead of the Zacks Consensus … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gilead’s Quad Meets Study Goal Posted: 16 Aug 2011 12:35 PM PDT Gilead Sciences Inc.'s (GILD) HIV franchise received yet another boost with a late stage clinical trial of its pipeline HIV combination pill Quad meeting the primary endpoint. The much anticipated Quad pill is a combination of Gilead's pipeline candidate elvitegravir, cobicistat (GS 9350), and Truvada. Truvada is a fixed-dose, once-daily tablet containing Gilead’s Viread and Emtriva marketed for the treatment of HIV infection in adults. Study 102 showed that Quad was non-inferior to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pfizer Scores In Viagra Litigation Posted: 16 Aug 2011 12:35 PM PDT Pfizer Inc. (NYSE:PFE) recently received a favorable ruling in its patent infringement case against Teva Pharmaceuticals (NASDAQ:TEVA). Teva had filed an abbreviated new drug application with the US Food and Drug Administration (FDA) seeking approval for its generic version of Viagra. Teva had challenged the validity of the Viagra use patent, which expires in 2019. The United States District Court for the Eastern District of Virginia ruled that the Viagra patent for the treatment of erectile … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NCR Wins ATM Servicing Deal Posted: 16 Aug 2011 12:35 PM PDT NCR Corp. (NYSE:NCR) recently secured an ATM servicing deal with Agricultural Bank of China. Financial terms of the deal were not disclosed. As per the deal, NCR will provide hardware and software support services for its 10,000 on-premises branded ATMs. With support from NCR, Agricultural Bank of China will be able to serve its customers better through efficient ATM services. China happens to be the most significant revenue earner for NCR and this big deal from the Agricultural Bank of China … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours Posted: 16 Aug 2011 12:30 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday after the release of U.S. data on Industrial Production.<br/><br/> USD/CHF was trading at 0.7936, up 1.16% at time of writing.<br/><br/> The pair was likely to find support at 0.7239, Thursday&rsquo;s low, and resistance at 0.7998, Monday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that U.S. industrial production rose more-than-expected to 0.9% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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