DailyMarkets.com - NCR Launches New Telco Suite In MEA |
- NCR Launches New Telco Suite In MEA
- Alcoa Starts Mill Construction
- St. Joe Quarterly Loss Increases
- CSC’s EPS Beats Estimates
- Earnings Scorecard: Baxter
- Jiang New CFO Of Wonder Auto
- AmBev Beats On Higher Prices
- U.S. Crude, Fuel Inventories Fall
- For Arotech SWIPES Holds Promise
- Ford Pickup Recall Continues
- Wells Fargo Buys $1.4B Portfolio
- Thermo Fisher To Raise Funds
- Forex – AUD/USD Up In U.S. Trade
- Forex – USD/CHF Up During The U.S. Session
- Avnet Beats Expectations
- Kohl’s Beats, Ups Guidance
- Enbridge Busy In Granite Wash
- AT&T-Qualcomm Deal Hits Hurdle
- Forex – NZD/USD Up During The U.S. Session
- Mozambique Central Bank Drops Rate 50bps To 16.00%
- July Air Traffic Improves
- Trade Deficit Much Worse Than Expected
- Ultra Petroleum Shines In 2Q
- “Markets Haven’t Reached Bottom…taking Breather”
- Serbian Central Bank Holds Repo Rate At 11.75%
- European Markets Close Higher; Dax Up 3.28%
- CIGNA Expands To Turkey
- Foreclosures Continue To Decline
- Travelers Upgraded To Neutral
- AK Steel Raises Products Prices
- Initial Jobless Claims Drop To 395K
- Stock Rebound Trips-up Bonds
- Stock Rebound Trips-up Bonds
- A.C. Moore Continues To Struggle
- Grainger Reports July Sales Growth
- Map Of The Day: Every Pizza Place In Manhattan
- Jack In The Box Misses Estimate
- CME Raises Corn Trading Price Limit
- Forex – Dollar Lower Vs. Rivals, Franc Plunges On Peg Speculation
| NCR Launches New Telco Suite In MEA Posted: 11 Aug 2011 12:05 PM PDT NCR Corp. (NYSE:NCR) recently unveiled a comprehensive bill pay solution for the telecom companies operating in the Middle East and Africa (MEA). This new Self-Serv Bill Pay kiosk is vital for telecom operators seeking greater market share and increasing return on investments.
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| Alcoa Starts Mill Construction Posted: 11 Aug 2011 12:05 PM PDT The largest U.S. aluminum producer, Alcoa Inc. (NYSE:AA) and its partner, Ma'aden, a Saudi Arabian mining company, have begun construction of a joint venture rolling mill in Ras Az Zawr, Saudi Arabia.
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| St. Joe Quarterly Loss Increases Posted: 11 Aug 2011 12:05 PM PDT The St. Joe Company (NYSE:JOE), a publicly held real estate company, reported a net loss of $13.3 million or 14 cents per share in second quarter 2011 compared with a net loss of $8.6 million or 9 cents in the year-earlier quarter.
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| Posted: 11 Aug 2011 12:05 PM PDT Computer Sciences Corporation (NYSE:CSC) reported first quarter 2012 earnings per share (EPS) of $1.18, exceeding the Zacks Consensus Estimate of 70 cents.
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| Posted: 11 Aug 2011 12:05 PM PDT Baxter International (NYSE:BAX) reported second quarter adjusted (excluding one-time items) earnings per share of 1.07 cents, beating the Zacks Consensus Estimate of $1.02 cents, and surpassing the year-ago earnings of 93 cents.
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| Posted: 11 Aug 2011 12:05 PM PDT Wonder Auto Technology Inc. (NASDAQ:WATG) recently announced the appointment of Aijun Jiang as its Chief Financial Officer. Before joining Wonder Auto, Aijun Jiang served as Chief Financial Officer of Qiao Xing Universal Resources, Inc. (NASDAQ:XING) for almost three years.
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| Posted: 11 Aug 2011 11:35 AM PDT The Brazilian beer giant Companhia de Bebidas das America (NYSE:ABV), aka AmBev, reported robust second-quarter 2011 earnings of R$0.59 or 36 cents per share, up 21% from prior-year earnings of R$0.49 or 30 cents a share. The growth was primarily attributable to price increases and stronger profit margins.
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| U.S. Crude, Fuel Inventories Fall Posted: 11 Aug 2011 11:35 AM PDT The U.S. Energy Department’s weekly inventory release showed that crude, gasoline, and distillate stockpiles – all moved downwards, while refiners improved processing rates by 0.7%.
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| For Arotech SWIPES Holds Promise Posted: 11 Aug 2011 11:35 AM PDT Ken Nagy, CFA Arotech Corporation is a defense and security products and services company, engaged in three business areas: interactive simulation for military, law enforcement and commercial markets; batteries and charging systems for the military; and high-level armoring for military and nonmilitary air and ground vehicles. ARTX has a very strong diversified revenue stream which cuts across both foreign and domestic military, municipalities, and private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 11:35 AM PDT Ford Motor Co. (NYSE:F) has recalled 1.1 million units of its popular F-150, F-250 and Lincoln Blackwood pickup trucks due to a problem with their gas tanks that could catch fire. The recall includes models manufactured between 1997 and 2004.
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| Wells Fargo Buys $1.4B Portfolio Posted: 11 Aug 2011 11:35 AM PDT Wells Fargo & Co. (NYSE:WFC) is said to have won a bid for a $1.4 billion U.S. commercial real estate loan portfolio of the Bank of Ireland (NYSE:IRE), according to a Wall Street Journal report.
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| Posted: 11 Aug 2011 11:35 AM PDT Thermo Fisher Scientific (NYSE:TMO) is raising $2.1 billion to partly finance the acquisition of Phadia. The company will be issuing notes in two installments – $1 billion of 2.25% senior notes due 2016 (at an issue price of 99.826% of the principal amount) and $1.1 billion of 3.6% senior notes due 2021 (at an issue price of 99.809% of the principal amount). The issuance of the notes, that will close on August 16, 2011, will pay semi-annual interest.
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| Forex – AUD/USD Up In U.S. Trade Posted: 11 Aug 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> AUD/USD was trading at 1.0274, up 0.94% at time of writing.<br/><br/> The pair was likely to find support at 0.9928, Tuesday’s low, and resistance at 1.0443, Monday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell 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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| Forex – USD/CHF Up During The U.S. Session Posted: 11 Aug 2011 11:05 AM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.<br/><br/> USD/CHF was trading at 0.7647, up 5.24% at time of writing.<br/><br/> The pair was likely to find support at 0.7074, Tuesday’s low, and resistance at 0.7687, today’s high.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 10:57 AM PDT Avnet, Inc (NYSE:AVT) reported a net income of $238.1 million or $1.54 per share in the fourth quarter of fiscal 2011, up 69.2% year over year. Adjusted net income was $189.4 million or $1.22 per share compared with a net income of $141.1 million or $0.92 per share in the year-ago quarter. The results surpassed Zacks Consensus Estimate of $1.15 and were towards the high end of the management's guidance range of $1.10-$1.22.
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| Posted: 11 Aug 2011 10:57 AM PDT Kohl's Corporation (NYSE:KSS) reported its operating earnings of $1.09 per share in the second-quarter 2011, beating the Zacks Consensus Estimate by a penny. The earnings however, surpassed the prior-year quarter earnings by 30%.
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| Posted: 11 Aug 2011 10:57 AM PDT Enbridge Energy Partners, L.P. (NYSE:EEP) aims to construct a cryogenic natural gas processing plant at its Anadarko gas gathering system near Wheeler, Texas, to handle the mounting pressure in Granite Wash play. The partnership expects the plant to be operational by early 2013.
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| AT&T-Qualcomm Deal Hits Hurdle Posted: 11 Aug 2011 10:57 AM PDT AT&T Inc.'s (NYSE:T) $1.93 billion pending acquisition of spectrum licenses from Qualcomm Inc. (NASDAQ:QCOM) is facing regulatory hurdles.
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| Forex – NZD/USD Up During The U.S. Session Posted: 11 Aug 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.<br/><br/> NZD/USD was trading at 0.8246, up 1.65% at time of writing.<br/><br/> The pair was likely to find support at 0.7966, Tuesday’s low, and resistance at 0.8434, Monday’s high.<br/><br/> Earlier in the day, official data showed that The U.S. trade balance fell 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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| Mozambique Central Bank Drops Rate 50bps To 16.00% Posted: 11 Aug 2011 10:39 AM PDT The Bank of Mozambique reduced its standing facility lending interest rate by 50 basis points to 16.00% from 16.50%. The Bank also reduced the reserve requirement for commercial banks by 25 basis points to 8.75% from 9.00%. The Bank said: ”The deliberations of the board took into consideration the objectives of economic growth, inflation forecasts for short and medium term and the important challenges that persist in some sectors, with significant weight in the growth of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 10:30 AM PDT Despite rising fuel prices, renewed uncertainties in the U.S. economy as well as debt concerns in Europe, air carriers' traffic improved in July on high fares and capacity cuts.
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| Trade Deficit Much Worse Than Expected Posted: 11 Aug 2011 10:30 AM PDT The Trade Deficit rose in June to $53.07 billion from $50.83 billion in May. The rise in the trade deficit is bad news for the economy, and the level is very dangerous. For the month it was up 4.4%, and it was worse than the $48.0 billion consensus expectation. On a year-over-year basis, the total trade deficit was up 13.2% from $46.89 billion a year ago. The trade balance has two major parts, trade in goods and trade in services. America's problem is always on the goods side; we actually … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 10:30 AM PDT Natural gas producer Ultra Petroleum Corp. (NYSE:UPL) has reported stellar second quarter 2011 results, buoyed by higher output from Wyoming and Pennsylvania regions along with reduced transportation charges and lower general and administrative costs.
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| “Markets Haven’t Reached Bottom…taking Breather” Posted: 11 Aug 2011 10:30 AM PDT 08/11/11 Empire Executions’ Peter Costa discusses today’s bounce in equities and expectations for Federal Reserve … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Serbian Central Bank Holds Repo Rate At 11.75% Posted: 11 Aug 2011 10:27 AM PDT The National Bank of Serbia held its 2-week repo rate unchanged at 11.75% as global financial market turmoil created uncertainty. The Bank said: ”In line with the Executive Board’s earlier judgements, inflation is on a declining path. The main factors behind its decline are the drop in food prices, occasioned by a good agricultural season, and low aggregate demand. The fall in y-o-y inflation rates over the coming period should lead to a drop in inflation expectations, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| European Markets Close Higher; Dax Up 3.28% Posted: 11 Aug 2011 09:55 AM PDT Forexpros – European stocks were up after the closing bell on Thursday.<br/><br/> At the close of European trade, Germany’s DAX rose 3.28%, London’s FTSE 100 gained 3.22%, France’s CAC 40 climbed 2.89% and the EURO STOXX 50 was up 2.86%.<br/><br/> Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 395K last week from 402K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 09:50 AM PDT Harping on its strategy of "Go Global", earlier during the week, CIGNA Corp. (NYSE:CI) announced its entry into Turkey in a bid to broaden its international footprint.
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| Foreclosures Continue To Decline Posted: 11 Aug 2011 09:50 AM PDT As per the data released by RealtyTrac, the leading online marketplace of foreclosure properties, foreclosure filings in July dropped to the lowest level since November 2007. A total of 212,764 properties were issued notices of default, auction or repossession during the month of July, reflecting a decline of 4% from the prior month and 35% from the prior-year period.
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| Posted: 11 Aug 2011 09:35 AM PDT We are upgrading our recommendation on The Travelers Companies Inc. (NYSE:TRV) to Neutral from Underperform based on a high retention rate, pricing gains, favorable renewal rate changes, favorable prior year reserve development, prudent underwriting practice and a strong capital position. The company also scores strongly with the rating agencies and returns value to shareholders through dividend and share buybacks.
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| AK Steel Raises Products Prices Posted: 11 Aug 2011 09:35 AM PDT Effective immediately, AK Steel Holding Corporation (NYSE:AKS) increased the current spot market base prices for all carbon flat-rolled steel products by $60 per ton.
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| Initial Jobless Claims Drop To 395K Posted: 11 Aug 2011 09:35 AM PDT Initial Claims for Unemployment Insurance fell by 7,000 last week to 395,000. This was better than the expected level of 409,000. However, last week's numbers were revised upwards by 2,000, so one could see it as a decrease of 5,000. Recently jobless claims seemed once again stuck in a trading range above the 400,000 level, after a brief period lower than that earlier this year. The drop below the 400,000 level is very good news, after 17th straight weeks above it. An earlier brief … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 11 Aug 2011 09:10 AM PDT Some of the recent enthusiasm for global short-end futures was undone midweek as equity markets underwent a strong rebound. Yet the fall in government bond prices was only a mild one where yield remained depressed with a gloomier bigger picture in which investors are itching to hear the shape of government and central bank response.
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| Posted: 11 Aug 2011 09:09 AM PDT Some of the recent enthusiasm for global short-end futures was undone midweek as equity markets underwent a strong rebound. Yet the fall in government bond prices was only a mild one where yield remained depressed with a gloomier bigger picture in which investors are itching to hear the shape of government and central bank response.
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| A.C. Moore Continues To Struggle Posted: 11 Aug 2011 09:05 AM PDT Berlin, New Jersey-based A.C. Moore Arts & Crafts, Inc (NASDAQ:ACMR) reported a loss of 32 cents in the second quarter of 2011, below the Zacks Consensus Estimate of a loss of 28 cents, but above the year-ago quarter’s loss of 40 cents. The company continues to report a deficit due to poor sales.
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| Grainger Reports July Sales Growth Posted: 11 Aug 2011 09:05 AM PDT W.W. Grainger Inc. (NYSE:GWW) reported July sales growth of 10% on a year-over-year basis. Grainger continues to post double digit growth in sales. Acquisitions made by Grainger contributed one percentage point to the growth with favorable foreign exchange adding another two percentage points.
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| Map Of The Day: Every Pizza Place In Manhattan Posted: 11 Aug 2011 09:00 AM PDT Interactive map of every pizza place in Manhattan: Here’s the link to the web … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Jack In The Box Misses Estimate Posted: 11 Aug 2011 08:35 AM PDT Jack in the Box Inc. (JACK) has recently posted third quarter 2011 earnings of 38 cents per share, which fell short of the Zacks Consensus Estimate of 40 cents and deteriorated from the year-ago quarter earnings of 44 cents.
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| CME Raises Corn Trading Price Limit Posted: 11 Aug 2011 08:35 AM PDT On Monday, CME Group Inc. (NASDAQ:CME) announced a hike in daily trading price on its corn futures and derivatives as soon as it received the green signal from US' Commodity Futures Trading Commission (CFTC) to lift the limit on the trading price of the commodity. Chicago Board of Trade (CBOT) corn prices currently trade at about $7 a bushel with a limit of 30 cents per bushel.
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| Forex – Dollar Lower Vs. Rivals, Franc Plunges On Peg Speculation Posted: 11 Aug 2011 08:17 AM PDT Forexpros – The U.S. dollar was lower against most of its major counterparts on Thursday, after a report showing U.S. jobless claims fell to a four-month low last week boosted sentiment, while Swiss franc plunged amid speculation the SNB might link the franc to the euro.<br /><br />During U.S. morning trade, the greenback was down against the euro, with EUR/USD gaining 0.65% to hit 1.4271.<br /><br />Bank of France Governor Christian Noyer said earlier that the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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