Thursday, August 11, 2011

DailyMarkets.com - PS Business Parks Beats Estimates

DailyMarkets.com - PS Business Parks Beats Estimates


PS Business Parks Beats Estimates

Posted: 11 Aug 2011 08:05 AM PDT

PS Business Parks Inc. (NYSE:PSB) reported second quarter 2011 FFO (fund from operations) of $35.8 million or $1.11 per share compared to $30.7 million or $0.96 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO for second quarter 2011 was ahead of the Zacks Consensus Estimate by a penny. Excluding non-recurring items, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Natural Gas Futures Jump Above USD4.05 After U.S. Supply Data

Posted: 11 Aug 2011 08:04 AM PDT

Forexpros – Natural gas futures erased losses on Thursday, climbing above the psychologically important USD4.00 level after a report from the U.S. Energy Information Administration showed that natural gas inventories rose less-than-expected last week. <br /><br />On the New York Mercantile Exchange, natural gas futures for September delivery traded at USD4.090 per million British thermal units during U.S. morning trade, surging … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Word From The Floor: Wall Street Higher, Dow Above 11K

Posted: 11 Aug 2011 08:00 AM PDT

08/11/11 US stocks pared prior session losses to climb at the open. Euro zone developments and an improvement in jobless claims were … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Hits Daily High After Osborne Comments

Posted: 11 Aug 2011 07:56 AM PDT

Forexpros – The pound rose to a fresh daily high against the U.S. dollar on Thursday, as upbeat comments from U.K. Chancellor George Osborne and a report showing U.S. jobless claims fell to a four-month low last week boosted sentiment.<br /><br />GBP/USD hit 1.6229 during U.S. morning trade, a daily high; the pair subsequently consolidated at 1.6230, gaining 0.59%.<br /><br />Cable was likely to find support at 1.6110, the daily low and a three-week low and resistance … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Legg Mason’s July AUM Plummeted

Posted: 11 Aug 2011 07:50 AM PDT

Baltimore-based Legg Mason Inc. (NYSE:LM) experienced a decline in its assets under management (AUM) in July on a sequential basis. This was preceded by a drop in both June and May AUM.
Preliminary month-end AUM came in at $655.4 billion, down 1.1% from $662.5 billion at the end of June. Moreover, equity AUM and liquidity AUM both plummeted compared with the prior month, while fixed income inched up.
Legg Mason's equity AUM in July inched down 2.9% from the prior month to $176.2 billion while … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Turns Higher In Choppy Trade, Debt Woes Remain

Posted: 11 Aug 2011 07:39 AM PDT

Forexpros – The euro turned higher against the U.S. dollar in choppy trade on Thursday, pulling back from a four-day low after a report showing U.S. jobless claims fell to a four-month low boosted sentiment, but gains were limited amid fears the euro zone&rsquo;s debt crisis could spread to the region&rsquo;s banking sector.<br /><br />EUR/USD pulled back from 1.4102, the lowest since August 5, to hit 1.4233 during U.S. morning trade, gaining 0.38% on the day. <br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss National Bank Floats Idea Of Peg, CHF Rallies Strongly

Posted: 11 Aug 2011 07:33 AM PDT

The idea of the Swiss National Bank pegging the Franc to the Euro is one of the more stronger policy responses available to the Swiss authorities, but one that comes with inherent risks and loss of independence and sovereignty.

From Bloomberg: "A temporary Swiss franc peg with the euro is within the range of options that policy makers may use to stem the currency's record-breaking rally, Jordan said in an interview with Tages-Anzeiger today.
"Any temporary measures to influence … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Soars More Than 5% On SNB Speculation

Posted: 11 Aug 2011 07:29 AM PDT

Forexpros – The U.S. dollar extended sharp gains against the broadly weaker Swiss franc on Thursday, after comments from Swiss National Bank Vice President Thomas Jordan fuelled speculation the central bank would introduce further measures to weaken the currency.&nbsp; <br /><br />USD/CHF hit 0.7686 during U.S. morning trade, the highest since August 5; the pair subsequently consolidated at 0.7651, soaring 5.31%.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Acorn Energy’s Second Quarter Results Are Above Expectations

Posted: 11 Aug 2011 07:25 AM PDT

Steven Ralston, CFA
Acorn Energy’s second quarter results are above expectations

Acorn Energy (ACFN) reported second quarter results for the period ending June 30, 2011. Revenues increased 30.3% to $10.72 million from $8.23 million, primarily due to strong growth at CoaLogix and GridSense, where revenue growth was well above expectations. Total gross profit declined 14.2% to $2.98 million from $3.48 million in the comparable-period last year. The gross profit margin decreased 1,444 basis … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


NCUA Alleges Goldman For Securities

Posted: 11 Aug 2011 07:25 AM PDT

On Tuesday,The Goldman Sachs Group Inc. (NYSE:GS) was sued by National Credit Union Administration (NCUA), the U.S. regulator of credit unions. The complaint lodged claims that Goldman violated federal and state securities laws and misrepresented documents as an underwriter in the sale of $1.2 billion in mortgage-backed securities.
NCUA alleged that Goldman issued misleading statements and omissions related to the mortgage-backed securities, which led to the failure of U.S. Central Federal Credit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Watson’s Rosuvastatin Gets FDA Nod

Posted: 11 Aug 2011 07:25 AM PDT

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the tentative approval of its rosuvastatin zinc tablets by the US Food and Drug Administration (FDA). The regulatory body approved 5, 10, 20 and 40 mg formulations of the drug.
Watson Pharma's rosuvastatin zinc tablets are a new salt form of AstraZeneca plc’s (NYSE:AZN) cholesterol drug, Crestor. The salt form of a drug is characteristic of improved bioavailability, stability, manufacturability, and patient compliance.
Watson Pharma had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bullish Correction Targets For USD/CHF, EUR/CHF And GBP/CHF

Posted: 11 Aug 2011 07:23 AM PDT

This morning, we learned that the SNB is considering a temporary peg of CHF to the EUR. This gave the CHF a boost, but is this the type of gain that can last? Where can we expect the current CHF weakness to target in the USD/CHF, EUR/CHF, and GBP/CHF?
USD/CHF

Channel Resistance:
- The strength of today's rally can bring about some follow through as the market has set a support level at the record low of 0.7065.
- To the upside, we see that a channel resistance is near 0.8050, and the 61.8% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Gold Extends Losses After Jobless Claims Fall, CME Margin Hike

Posted: 11 Aug 2011 07:19 AM PDT

Forexpros – Gold futures extended losses on Thursday, retreating from the record high after official data showed that U.S. jobless claims fell to a four-month low last week and after a margin increase by the CME Group on gold futures prompted some investors to sell their positions and lock in gains.<br /><br />On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,758.85 a troy ounce during U.S. morning trade, tumbling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: Technical Rebound In A Bearish Trend

Posted: 11 Aug 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Technical Rebound In A Bearish Trend

Posted: 11 Aug 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Takes A Dip On Eurozone Debt Concerns

Posted: 11 Aug 2011 02:15 AM PDT

08/11/11 Growing concerns over a deepening eurozone debt crisis has paved the way for a mornin of losses for front month crude … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Celgene

Posted: 11 Aug 2011 07:05 AM PDT

Following the release of encouraging second quarter 2011 financial results, majority of the analysts following Celgene Corporation (NASDAQ:CELG) have raised their earnings estimates for fiscal 2011 and fiscal 2012. The impressive showing was driven by strong sales of cancer drugs Revlimid and Vidaza.
Second Quarter Flashback
Celgene's second quarter 2011 earnings (excluding special items but including stock-based compensation expense) of $0.78 per share beat the Zacks Consensus Estimate by $0.01 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


PSEi: Testing Some Major Supports

Posted: 11 Aug 2011 07:03 AM PDT

The Philippine Stock Exchange Index (PSEi) or PCOMP has been seeing some wild and scary ride for the last couple of  weeks. After enjoying consecutive days of marking new all-time highs, the index suddenly saw its gains for the year disappear in less than a week. So the question now is, will the local equities recover or will it finally fall into a bear market?
As you can see from its daily chart, the index's long-term uptrend line spanning from the bottom of 2009 to present has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


DJIA Chart: Classic ‘Head And Shoulders’

Posted: 11 Aug 2011 07:01 AM PDT

Recent market volatility is clearly unnerving. I believe the volatility is exacerbated by the general decline in broad based participation in the markets over the last few years. Additionally, the growth in derivatives, both within the equity and fixed income markets, has served to accentuate the swings. I described these swings and the accompanying spike in volatility as the equivalent of an Adult Swim Only a few days ago when I wrote, What Caused the Market Meltdown?. What are the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Dips After U.S., Canadian Trade Data

Posted: 11 Aug 2011 06:59 AM PDT

Forexpros – The U.S. dollar edged lower against its Canadian counterpart on Thursday, after both countries released data on their respective trade balances, while better-than-expected U.S. jobs data helped lift sentiment.<br /><br />USD/CAD hit 0.9872 during U.S. morning trade, the daily low; the pair subsequently consolidated at 0.9935, dipping 0.13%.<br /><br />The pair was likely to find support at 0.9765, the low of August 10 and resistance at 1.0009, the high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Turn Higher After Strong U.S. Jobs Data

Posted: 11 Aug 2011 06:45 AM PDT

Forexpros – Crude oil futures turned higher in volatile trade on Thursday, re-approaching the daily high after official data showed that U.S. first time jobless claims fell to a four-month low last week, easing fears over the U.S. economic outlook.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded at USD82.58 a barrel during U.S. morning trade, climbing 1.12%.&nbsp; <br /><br />It earlier rose as much as … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Fresh Shocks To Confidence

Posted: 11 Aug 2011 06:37 AM PDT

Investors are increasingly concerned at the lack of response from central bankers and governments as confidence across markets deepens. Fed Chief Bernanke yesterday met with President Obama this week to discuss the alarming situation at a time when panic was growing fuelled by ill-founded rumors of a French sovereign downgrade and a collapse in one of the nation's leading banks. The obvious challenge facing the two is simply how to address the problem with arguably fewer tools than three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TAM Revs Up, Beats Estimate

Posted: 11 Aug 2011 06:35 AM PDT

Brazilian Airlines, TAM S.A. (NYSE:TAM) reported its financial results for the second quarter of fiscal year 2011. TAM reported a net income of R$60.3 million (US$37.9 million) in the quarter, up from a loss of R$174.8 million (US$98.2 million) in the year-ago quarter but down 53.2% sequentially.
Earnings per share entered the positive territory and was R$0.40 per share (US$0.25 per ADR) compared with a loss of R$1.2 per share (US$0.67 per ADR) reported in the year-ago quarter. Earnings were well … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Bank Of New York Mellon, Capital One Financial, Cree, Cisco Systems, Walt Disney Company, Polo Ralph Lauren, Toreador Resources Corporation

Posted: 11 Aug 2011 06:35 AM PDT

    According to a report in The New York Times, Capital One (NYSE:COF) has decided to acquire the U.S. credit card business segment of HSBC holdings (HSBC)  in a deal estimated to be over $2 billion

    MakeMyTrip Limited (MMYT) posted Q1 EPS of $0.04, surpassing analysts' consensus estimate of $0.03 per share. Revenues for the quarter rose 51.8% year-over-year to $21.1 million

    ZaZa Energy and Toreador Resources Corporation (NASDAQ:TRGL) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earning Scorecard: Union Pacific

Posted: 11 Aug 2011 06:35 AM PDT

Union Pacific Corporation (NYSE:UNP) reported robust second-quarter 2011 financial results with both revenue and earnings per share (EPS) exceeding the Zacks Consensus Estimate.
Second Quarter Highlights
Quarterly net income was a record high of $785 million or $1.59 per share compared with a net income of $711 million or $1.40 per share in the year-ago quarter. The second-quarter EPS of $1.59 beats the Zacks Consensus Estimate by a penny.
Total operating revenue, in the second quarter of 2011, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


A Mixed Bag For Lions Gate

Posted: 11 Aug 2011 06:35 AM PDT

Lions Gate Entertainment Corp. (NYSE:LGF) recently reported mixed first-quarter 2012 results. The company posted quarterly earnings of 9 cents a share, a significant recovery from a loss of 54 cents a share in the prior-year quarter. The analysts covered by Zacks had anticipated Lions Gate to deliver a loss of 6 cents a share.
Sturdy television performance, remarkable jump in equity interest income and abridged theatrical marketing costs helped the company to improve its bottom-line results.
Total … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc Plummets As SNB Warns Of Peg To Euro

Posted: 11 Aug 2011 06:34 AM PDT

The Swiss Franc took a nose dive today after Swiss National Bank Vice President Thomas Jordan warned that a "temporary" Franc-Euro peg could be utilized to stem the safe haven currency's rally amidst increased market uncertainty. The policymaker said that "any temporary measures to influence the exchange rate are permissible under our mandate as long as these are consistent with long-term price stability." In the aftermath of what has been the harshest rhetoric employed by a central … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Euro Surges Above 1.08 Vs. Broadly Weaker Franc

Posted: 11 Aug 2011 06:28 AM PDT

Forexpros – The euro was up sharply against the Swiss franc on Thursday, climbing to a two-day high after comments from Swiss National Bank Vice President Thomas Jordan fuelled speculation the central bank might link the franc to the euro.<br /><br />EUR/CHF hit 1.0817 during U.S. morning trade, the highest since August 9; the pair subsequently consolidated at 1.0715, soaring 4.02%.<br /><br />The pair was likely to find support at 1.0066, the low of August 9 and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


USD/CAD Poised To Attack Parity Above 0.9960

Posted: 11 Aug 2011 06:21 AM PDT

Previous: USD/CAD to Form a Double Bottom with a Break Above Parity (8/9)
USD/CAD

Bullish Structure:
- The USD/CAD looks like it is developing a motive structure to the upside.
- There is resistance at 0.9950-0.9960 area. Support is near the 0.9870 area.
- We may get another swing downwards, in the context of an abc (expanded flat) correction.
- A break below the middle pivot at 0.9910 suggests the near-term downswing scenario.
- Then, if the market breaks back above, 0.9910, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 11 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 11 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: Under Pressure

Posted: 11 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro: The Downside Prevails

Posted: 11 Aug 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 11 Aug 2011 01:15 AM PDT

08/11/11 The latest in news, commentary, and information on what’s moving the US equities markets just prior to the NYSE opening bell including: French banks taking a hit & improved US jobs … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Pares Losses After U.S. Jobs Data

Posted: 11 Aug 2011 06:15 AM PDT

Forexpros – The U.S. dollar pared gains against the yen in volatile trade on Thursday, pulling back from close to a four-month low following the release of better-than-expected U.S. data on first time jobless claims.<br /><br />USD/JPY pulled back from 76.29, the lowest since August 1, to hit 76.75 during U.S. morning trade, still down 0.12% on the day. <br /><br />The pair was likely to find support at 76.12, the low of March 16 and resistance at 77.30, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Time Warner Cable Remains Neutral

Posted: 11 Aug 2011 06:05 AM PDT

Time Warner Cable Inc. (NYSE:TWC) reported strong financial results for second-quarter 2011. Despite this, we remain highly concerned regarding massive video subscriber loss of the company. In the last quarter, revenue inched up 4.4% while adjusted OIBDA grew 4.2%, resulting in margin compression. However, management is following a systematic share buy-back program, which may support the bottom line in the near term.
Major concern for the pay-TV industry is the prolonged macro-economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TV On Tablets

Posted: 11 Aug 2011 06:05 AM PDT

Watching TV programs on tablets has become a reality. In a significant move yesterday, Cablevision Systems Corp. (NYSE:CVC) and Viacom Inc. (NASDAQ:AAPL) developed iPAD, iPhone, and other similar devices.
Although, none of the companies revealed any details about the exact deal, it was only announced that Cablevision subscribers can stream Viacom's programming to their iPADS. It is not clear whether Viacom will get any additional fees for this facility.
Since last March, the entertainment industry is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


News Corp. Beats

Posted: 11 Aug 2011 06:05 AM PDT

Despite the global economic unrest and declining sheen in the stock market on account of the recent phone hacking scandal in the U.K. that resulted in the closure of the publication of News of the World and abstinence from acquiring the remaining 61% stake in the British Sky Broadcasting Group, News Corporation (NWSA) posted fourth-quarter 2011 financial results that beat Zacks’ expectations.
Rupert Murdoch-controlled News Corporation's quarterly earnings of 35 cents a share came ahead of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Market Prices Worst-Case Scenario

Posted: 11 Aug 2011 06:05 AM PDT

The extreme volatility and sharp market downturn reflects a worst-case scenario for the U.S. economy. Granted, the recent run of economic reports has been on the weak side and the odds of a recession have increased, but there is more positive momentum in the data than the sell-off is making us believe. Developments in Europe and new question marks over French banks are not helping sentiment either, but the epicenter of the downturn is here in the U.S. and is led by the weak economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Turn Higher After Upbeat Jobs Data; Dow Up 0.3%

Posted: 11 Aug 2011 05:59 AM PDT

Forexpros – U.S. stock futures pointed to a slightly higher open on Thursday, erasing sharp losses following the release of better-than-expected data on first time jobless claims, while fears over the health of the euro zone&rsquo;s banking sector weighed. <br /><br />Ahead of the open, the Dow Jones Industrial Average futures pointed to a gain of 0.3%, the S&amp;P 500 futures advanced 0.45%, while the Nasdaq 100 futures climbed 0.85%.<br /><br />Stock futures … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF Breaks Above The 100 Hour MA And Tests 38.2% Retracement

Posted: 11 Aug 2011 05:52 AM PDT

The USDCHF has continued it's surge higher, breaking through the 100 hour MA, trendline resistance but found a wall agains the 38.2% retracement of the move down from the July 19th high to the low reached 2 trading days ago.  Look for support buyers now against the trendline and the 100 hour MA at the 0.7478 and 0.7435 levels respectively. The 200 hour mA (green line at 0.7590 is the next … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Finds Support At 1.4100.

Posted: 11 Aug 2011 05:51 AM PDT

The low from earlier today came in at the 1.4123 area.  The 38.2% of the last leg down come in at 1.41458.  The quick rejection of the new low and perhaps the article on a ban of short selling, may give traders reason for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Trade Deficit Widens Unexpectedly In June

Posted: 11 Aug 2011 05:42 AM PDT

Forexpros – The U.S. trade deficit widened unexpectedly in June, posting the largest deficit in almost three years, official data showed on Thursday.<br /><br />In a report, the U.S. Bureau of Economic Analysis said that the U.S. trade deficit widened to a seasonally adjusted USD53.1 billion in June, compared to a deficit of USD50.8 billion in May, whose figure was revised up from a deficit of USD50.2 billion.<br /><br />Analysts had expected the U.S. trade deficit to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Initial Jobless Claims Fall More-than-expected

Posted: 11 Aug 2011 05:36 AM PDT

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell more-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending august 5 fell by 7,000 to a seasonally adjusted 395,000, outstripping expectations for a decline to 401,000. <br /><br />The previous week&rsquo;s figure was revised up to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


HON, FWLT Tech For Oman Project

Posted: 11 Aug 2011 05:35 AM PDT

Recently Oman Oil Refineries and Petroleum Industries (Orpic), owned by the Government of the Sultanate of Oman, selected technologies of both UOP LLC, a Honeywell International Inc. (NYSE:HON) company, and Foster Wheeler AG (NASDAQ:FWLT), for its refinery in Sohar, Oman.  The Solvent Deasphalting (SDA) process technology from the companies will be used to process heavy oil and expand fuel and petrochemicals production at the refinery.
Through the technology, heavy crude will be converted into … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Kinross Posts Strong 2Q Results

Posted: 11 Aug 2011 05:35 AM PDT

Gold miner Kinross Gold Corporation (NYSE:KGC) reported record adjusted net income of $226.5 million or $0.20 per share in the second quarter of 2011, above last year's $111.4 million or $0.16 per share, outpacing the Zacks Consensus Estimate of $0.16.
GAAP net earnings were $247.4 million or $0.22 per share in the second quarter of 2011 compared with $110.4 million, or $0.16 per share in the prior-year quarter.
Quarterly revenues leaped 42% to $987.8 million, driven by strong performance at all … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Markets In Everything: Charter Universities

Posted: 11 Aug 2011 05:34 AM PDT

COLUMBUS — “Ohio's 14 universities would be automatically relieved of some state regulations and they could qualify for even more autonomy if they take less state money, according to an executive summary of a plan to be released today.

Ohio Board of Regents Chancellor Jim Petro today will walk university officials through his plan to create charter or enterprise universities and change the way the state oversees higher … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Quote Of The Day: The Folly Of Short-Termism

Posted: 11 Aug 2011 05:26 AM PDT

“The president is wrong to pose the issue as more taxes for millionaires to pay for more redistribution now. That path leads to future crises because higher taxes support the low productivity growth of the welfare state, delay the transition to export-led growth, and do not reduce future budget liabilities enough.

The central issue facing the U.S. is whether we turn away from unsustainable budget and trade deficits toward an economy that grows at historic rates with low inflation. More … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stalking EUR/GBP For A Gartley Completion

Posted: 11 Aug 2011 05:19 AM PDT

Prev: Euro Relief Fading Against the USD, GBP, JPY, and CHF (8/8)
EUR/GBP

Gartley Projections:- The EUR/GBP in developing an ABC pattern. If the 2 downswings are similar in size, we would complete a gartley pattern.
- Note that the RSI is cracking 40. IF the market remains bullish, it should not allow a break to sustain, and push back above 40. When the RSI moves back above 60, it would reflect a maintenance of the bullish momentum.
- Also note that the current decline is just above a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Mixed Vs. Rivals As French Fears Weigh On Euro

Posted: 11 Aug 2011 05:02 AM PDT

Forexpros – The U.S. dollar was mixed against its major counterparts on Thursday, as growing concerns that the euro zone&rsquo;s debt crisis could spill over to the region&rsquo;s banking sector weighed on sentiment and sent the euro lower.<br /><br />During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.22% to hit 1.4145.<br /><br />European equities were significantly off their earlier highs, as shares in major French … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Close To 3-week Low As Osborne Speech Eyed

Posted: 11 Aug 2011 04:46 AM PDT

Forexpros – The pound pared gains against the U.S. dollar on Thursday, re-approaching a three-week low as concerns that the euro zone&rsquo;s debt crisis could spread to the region&rsquo;s banking sector weighed on sentiment ahead of a speech in parliament from U.K. Chancellor George Osborne.<br /><br />GBP/USD pulled back from 1.6206, the daily high, to hit 1.6141 during European afternoon trade, still up 0.04% on the day. <br /><br />Cable was likely to find … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


This Morning’s Key Stories – SNB Talks Peg, French Banks Extend Slide, GBP Awaits Osborne, Aussie Jobs Data Misses

Posted: 11 Aug 2011 04:45 AM PDT

Here's a round-up of key stories in the forex market from overnight:
1. SNB Talks Currency Peg, CHF Gains

The SNB is trying desperately to find a tool that will help stop the appreciation of the Swiss Franc, as that appreciation is causing a loss of competitiveness for the country's exporters and with exports making up about half of Swiss GDP its becoming a very strong burden for the economy. Today' we hear comments from the SNB that the central bank would be willing to peg the CHF to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Trims Gains On Italian, French Debt Concerns

Posted: 11 Aug 2011 04:25 AM PDT

Forexpros – The euro pared gains against the U.S. dollar on Thursday, easing off the daily high amid escalating fears over the euro zone&rsquo;s ongoing sovereign debt crisis and as worries grew over the health of the region&rsquo;s banking sector.<br /><br />EUR/USD retreated from 1.4274, the dally high, to hit 1.4192 during European afternoon trade, still up 0.09% on the day. <br /><br />The pair was likely to find support at 1.4054, the low of August 5 and a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


European Stocks Rally Short-lived As French Banks Turn Lower

Posted: 11 Aug 2011 04:04 AM PDT

Forexpros – European stock markets were mixed on Thursday, paring earlier gains as shares in French lenders extended losses from the previous day, amid growing concerns that the euro zone&rsquo;s sovereign debt crisis could spread to the region&rsquo;s banking sector. <br />&nbsp;<br />During European afternoon trade, the EURO STOXX 50 fell 0.5%, France&rsquo;s CAC 40 shed 0.25%, while Germany&rsquo;s DAX 30 rose 0.7%. <br /><br />European equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Maintains Bearish Bias Ahead Of US Session; 1.4055 In Sight

Posted: 11 Aug 2011 04:03 AM PDT

Prev: EUR/USD Holds below 1.44 and Forms a Double Top (8/10)
EUR/USD

200SMA
- The EUR/USD has been ranging in the medium term. Yesterday's price action was bearish after a failed inverted head and shoulder attempt.
- Today, as we get deeper into the European session, the market shows another failed bullish attempt.
- Failure to break above the 1.4280 pivot, respect of the 50% retracement level which is near 1.4260, and the 200SMA wich was at about 1.4250.
- A very strong bearish hourly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Surges As SNB Considering Further Measures

Posted: 11 Aug 2011 03:48 AM PDT

Forexpros – The U.S. dollar was up sharply against the Swiss franc on Thursday, after comments from Swiss National Bank Vice President Thomas Jordan fuelled speculation the central bank would introduce further measures to weaken the currency.&nbsp; <br /><br />USD/CHF hit 0.7401 during European morning trade, the highest since August 9; the pair subsequently consolidated at 0.7394, surging 1.76%.<br /><br />The pair was likely to find support at 0.7066, the low of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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