DailyMarkets.com - Stock Tip: Be Worried. Workers Are Consumers.

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• Stock Tip: Be Worried. Workers Are Consumers.
• European Bank Run Continues
• Gold Spotlight: Jennifer Ropiak, NYSE Liffe US
• 5 Stocks To Watch Next Week
• Hot Option Plays: High Anxiety
• AIG Repays Part Of Bailout Package
• Northern Trust Prices Sr Notes
• Earnings Preview: Medtronic
• More Records For N. Dakota’s Booming Oil Economy
• Closing Bell Market Monitor
• Earnings Preview: Earnings Season Almost Done
• VLO Memphis Unit To Partly Resume
• DuPont Raises Product Prices
• Chilean Central Bank Holds Interest Rate At 5.25%
• Forex – EUR/USD Up At The End Of U.S. Session
• Human Genome Evenly Poised
• Forex – GBP/USD Down At The End Of U.S. Session
• Sri Lankan Central Bank Holds Repo Rate At 7.00%
• Forex – USD/JPY Down At The End Of U.S. Session
• Pockets Of Laughs
• Risk, Reward Balance Rowan
• BRE Properties Remains Neutral
• Central Bank Of Colombia Holds Interest Rate At 4.50%
• Monetary Authority Of Singapore Confirms Policy Stance
• EA Launches The Sims On Facebook
• Natural Gas Stockpiles Up 50 Bcf
• Dollar Tree Strong, Guides High
• Mr. Buffett, His Secretary, And Financial Literacy
• U.S. Markets Close Lower; Dow Jones Down 1.57%
• Merck-Ariad Drug Under EU Review
• Earnings Scorecard: J.C. Penney
• GD Led Team Wins $440M Contract
• Raytheon Builds SOA Systems
• PG&E, EnXco In Power Supply Deal
• WellPoint Increases Lobbying Cost
• Forex Trading: NZDUSD Moves Toward Key 100 Day MA And Fibo Retracement Level.
• Gold Futures Ease From Record High In U.S. Trade
• Hot Option Plays: Markets Melt Up & Down
• Forex – USD/CAD Down In U.S. Trade
• Looming Layoffs At BofA
• Par Pharma, IPCI Expand Deal
• Syneron Tanda Luxe LED Cleared
• Gap A Penny Ahead, Sales Disappoint
• Solid Revs Drive Salesforce’s 2Q
• Forex – USD/JPY Rebounds From Record Low In U.S. Trade
• Forex Trading: USDCHF Moves Above Intraday Resistance. Dollar Better Bid
• Is Business Choking On Red Tape?

Stock Tip: Be Worried. Workers Are Consumers. Posted: 19 Aug 2011 04:53 PM PDT Repeat after me: Workers are consumers. Consumers are workers. We're slouching toward a double dip, and Wall Street is imploding, because consumers – whose spending is 70 percent of the economy – have reached their limit. It's not just the jobless who can't spend. It's mainly people with jobs. Median wages continue to fall. Weekly wages in July for Americans with jobs were 1.3 percent lower than eight months before. America's median earners are now earning less (adjusted for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Bank Run Continues Posted: 19 Aug 2011 04:18 PM PDT The reason for the August crash was at old fashion bank run, a modern day silent but deadly run on funds out of European banks. Nothing to do with SP downgrade of USA. Gold, Swiss franc, M1 in USA all on the rise. Blog readers new of this before the crash as we posted here : A reason for the August stock market crash, Oct pending Here is more … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Spotlight: Jennifer Ropiak, NYSE Liffe US Posted: 19 Aug 2011 04:00 PM PDT 08/19/11 Jennifer Ropiak, VP at NYSE Liffe US, discusses soaring gold prices and how to participate in the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

5 Stocks To Watch Next Week Posted: 19 Aug 2011 03:59 PM PDT ( click to enlarge ) Hansen Natural Corporation (NASDAQ:HANS) is flagging right here. If we get a breakout from that flag, this stock could see higher prices quickly.  ( click to enlarge ) Eastman Kodak Company (NYSE:EK) has had a strong move up to this point and could be consolidating here before making another move. Definitely one to keep a watch next week.  ( click to enlarge ) The MACD histogram shows a short term bullish bias. RSI and MFI are both turning up in oversold … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: High Anxiety Posted: 19 Aug 2011 03:17 PM PDT Cusick’s Corner It has been a volatile August and the anxiety continued over weakening economic growth in the US and Europe this Expiration Friday. The CBOE Volatility Index (.VIX) edged up .38 and remains elevated at 43.05. Traders are trying to make their best estimates on whether or not we are going into a recession. Some of the data points that we are not but what’s going on overseas matters too. Investors sought safety again — Gold hit a new high. Don’t keep your anxiety level elevated. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG Repays Part Of Bailout Package Posted: 19 Aug 2011 03:05 PM PDT Yesterday, American International Group Inc. (NYSE:AIG) paid $2.15 billion to the U.S. Treasury Department towards part-repayment of the $182 billion it had received from the U.S. Government under the bailout package during the 2008 financial crisis. The payment was made out of the sale proceeds of the company's Taiwan-based life insurance subsidiary Nan Shan Life Insurance Company Shan to Ruen Chen Investment Holding Co. AIG has been trying to sell Nan Shan since mid-2009 when the Taiwanese … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northern Trust Prices Sr Notes Posted: 19 Aug 2011 03:05 PM PDT On Wednesday, Northern Trust Corporation (NASDAQ:NTRS) announced that it has priced its $500 million total principal amount of unsecured senior notes due in 2021. Northern Trust sold the notes worth $500 million at a coupon rate of 3.375% and an issue price of $99.563. The notes will mature on August 23, 2021, yielding 3.427% with spread of 125 basis points higher than Treasuries. The interest will be paid semi-annually, with the first payment due on February 23, 2012. The new notes has been rated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Medtronic Posted: 19 Aug 2011 03:05 PM PDT Leading medical devices company Medtronic (NYSE:MDT) is expected to report its first quarter fiscal 2012 results before the market opens on Tuesday, August 23, 2011. The company is expected to earn an EPS of 79 cents on revenues of $3.991 billion during the quarter according to the Zacks Consensus Estimate. In fiscal 2011, Medtronic has surpassed expectations in two of its quarters. The four-quarter negative surprise of 0.21% implies that the company has missed the Zacks Consensus Estimate by this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

More Records For N. Dakota’s Booming Oil Economy Posted: 19 Aug 2011 02:55 PM PDT State Employment, Top 10 by Annual % Increase State July 2010 July 2011 % Change 1. North Dakota 375,300 395,000 5.25% 2. Texas 10,350,300 10,619,800 2.60% 3. Utah 1,183,700 1,213,400 2.51% 4. Wyoming 282,500 288,800 2.23% 5. Oklahoma 1,531,800 1,565,800 2.22% 6. Massachusetts 3,190,000 3,246,800 1.78% 7. Hawaii 585,700 595,600 1.69% 8. Oregon 1,600,000 1,625,300 1.58% 9. Kentucky 1,770,400 1,798,300 1.58% 10. Michigan 3,882,100 3,942,100 1.55% The BLS released … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor Posted: 19 Aug 2011 02:45 PM PDT 08/19/11 The major US stock averages shed over -4% for the week. Wall Street posted the worst 4-week decline since March of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Preview: Earnings Season Almost Done Posted: 19 Aug 2011 02:35 PM PDT Earnings Preview 8/19/11 Second quarter earnings season is almost over. Mostly we are down to the retailers, many of which have fiscal quarters ending in July, not June, but there are a few significant non-retailers that will report this week as well. There will be just 90 firms reporting, but 7 of those are in the S&P 500. By next Friday afternoon, almost 99% of the S&P 500 will have reported. So far, earnings season has been very strong with seven S&P 500 firms reporting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VLO Memphis Unit To Partly Resume Posted: 19 Aug 2011 02:35 PM PDT Valero Energy Corp. (NYSE:VLO) is in the process of restarting units in the Memphis, Tennessee refinery, which abandoned operations earlier this month due to a fire in one of the crude distillation units. The refinery, with a capacity of 180,000 barrel per day (bpd), will resume with its gasoline producing fluidic catalytic cracker. Initially, the refinery will produce 100,000 bpd from the west crude distillation unit while the refinery's other distillation unit – east crude – is expected to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DuPont Raises Product Prices Posted: 19 Aug 2011 02:35 PM PDT DuPont Titanium Technologies, a subsidiary of EI DuPont de Nemours & Co. (NYSE:DD), announced net price increase of $500 per metric ton for all DuPont Ti-Pure titanium dioxide grades (TiO2) sold in Asia Pacific, effective October 1, 2011. On July 28, 2011, DuPont reported an increase in profit of $1.22 billion or $1.37 per share in the second quarter of 2011 from $1.16 billion or $1.17 per share in the same quarter of 2010. The profit exceeded the Zacks Consensus Estimate by 4 cents per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chilean Central Bank Holds Interest Rate At 5.25% Posted: 19 Aug 2011 02:16 PM PDT The Banco Central de Chile held its monetary policy interest rate unchanged at 5.25%.  The Bank noted concerns about the global environment, including slower growth in the EU and US, as well as and increase in “financial volatility and risk aversion”.  On its own economy the Bank said: “Domestically, output, demand and labor market figures are evolving strongly and are showing signs of moderation at the margin.  However, in the case of product and demand,such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of U.S. Session Posted: 19 Aug 2011 02:10 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday.<br/><br/> EUR/USD was trading at 1.4393, up 0.42% at time of writing.<br/><br/> The pair was likely to find support at 1.4260, today&rsquo;s low, and resistance at 1.4518, Wednesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.73% to hit 0.8742 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Human Genome Evenly Poised Posted: 19 Aug 2011 02:05 PM PDT We are maintaining our Neutral recommendation on Human Genome Sciences Inc. (NASDAQ:HGSI) with a target price of $16.00. Human Genome, founded in 1992 and based in Rockville, Maryland, is a biopharmaceutical company. The US launch of Benlysta earlier in the year for treating patients suffering from systemic lupus erythematosus (SLE) is a huge positive for Human Genome. The subsequent approvals of the drug in the European Union (EU) and Canada are also encouraging. The drug, which has blockbuster … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down At The End Of U.S. Session Posted: 19 Aug 2011 02:05 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday.<br/><br/> GBP/USD was trading at 1.6467, down 0.30% at time of writing.<br/><br/> The pair was likely to find support at 1.6257, Monday&rsquo;s low, and resistance at 1.6618, today&rsquo;s high.<br/><br/> Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.73% to hit 0.8742 and GBP/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sri Lankan Central Bank Holds Repo Rate At 7.00% Posted: 19 Aug 2011 02:03 PM PDT The Central Bank of Sri Lanka maintained its benchmark repurchase rate unchanged at 7.00%, and also held the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%.  The Bank said: ”with the continuous improvements in the supply of most food items, inflation is expected to moderate in the coming months,” and further noted that “the central bank will continue to closely monitor the growth of monetary aggregates and will implement appropriate measures if … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down At The End Of U.S. Session Posted: 19 Aug 2011 02:00 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.<br/><br/> USD/JPY was trading at 76.55, down 0.03% at time of writing.<br/><br/> The pair was likely to find support at 75.97, today&rsquo;s low, and resistance at 77.08, Monday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.42% to hit 1.4393 and GBP/USD falling 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pockets Of Laughs Posted: 19 Aug 2011 01:55 PM PDT I must admit I didn’t see this Walt Handelsman cartoon the first time around, but it’s just as relevant (and humorous) as it was a year ago. Double Trouble (Hat tip to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk, Reward Balance Rowan Posted: 19 Aug 2011 01:50 PM PDT We are maintaining our long-term Neutral recommendation for Rowan Companies Inc. (NYSE:RDC). The company's strategic initiatives as well as improving fundamentals in the North Sea keep us optimistic, with a volatile macro backdrop along with operational hindrances being dampeners. Rowan has successfully executed its strategic program to sell its Le Tourneau manufacturing and its Land Drilling businesses. The completion of its Le Tourneau sale as well as its recent agreement to offload its land … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BRE Properties Remains Neutral Posted: 19 Aug 2011 01:50 PM PDT We reiterate our Neutral recommendation on BRE Properties Inc. (NYSE:BRE) as we expect the stock to perform in line with the broader market. The company reported second quarter 2011 funds from operations (FFO) of $34.9 million or 49 cents per share versus $28.9 million or 46 cents per share in the year-earlier quarter. Funds 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. BRE … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Colombia Holds Interest Rate At 4.50% Posted: 19 Aug 2011 01:50 PM PDT The Central Bank of Colombia held its benchmark monetary policy interest rate unchanged at 4.50%.  The Bank said: ”The board considered it prudent to pause in interest rate increases, especially given the high uncertainty in international financial markets and their potential negative effect on the growth of the world economy in general, and Colombia in particular,”.  On its own economy, the Bank said (translated): “the Colombian economy maintained good growth, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Authority Of Singapore Confirms Policy Stance Posted: 19 Aug 2011 01:37 PM PDT The Monetary Authority of Singapore confirmed its monetary policy stance and position in regards to recent market movements in the SOR.  The MAS noted: “In response to media queries on recent market movements in the SGD Swap Offer Rate (SOR), the MAS spokesperson reiterated that interest rates in Singapore are market-determined and that the current monetary policy stance, announced in April 2011, remains appropriate.”  The MAS also noted: “Singapore’s domestic money markets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EA Launches The Sims On Facebook Posted: 19 Aug 2011 01:35 PM PDT Videogame developer and publisher, Electronic Arts Inc. (NASDAQ:ERTS), popularly known as EA, recently launched its successful franchise The Sims on Facebook. The Facebook version of the game is called The Sims Social. EA has been taking several initiatives to gain traction in the popular segment of social gaming through various games such as Monopoly Millionaires, FIFA Superstars and Scrabble. The Sims Social is the latest offering from EA in this space. The Sims franchise was released in 2000, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Stockpiles Up 50 Bcf Posted: 19 Aug 2011 01:35 PM PDT The U.S. Energy Department’s weekly inventory release showed a slightly larger-than-expected build-up in natural gas supplies, as declining temperatures led to a considerable drop in consumption of natural gas for power generation. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activity or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dollar Tree Strong, Guides High Posted: 19 Aug 2011 01:35 PM PDT Dollar Tree Inc. (NASDAQ:DLTR) posted strong fiscal 2011 second-quarter earnings of 77 cents a share, up 26.2% from the year-ago earnings of 61 cents a share, ahead of the Zacks Consensus Estimate of 75 cents a share. Quarterly Details Dollar Tree’s total revenue grew 11.9% in the quarter to $1,542.4 million from $1,377.9 million in the prior-year quarter. Same-store sales for the period increased 4.7%. However, total revenue fell short of the Zacks Consensus Estimate of $1,547.0 million. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mr. Buffett, His Secretary, And Financial Literacy Posted: 19 Aug 2011 01:21 PM PDT I've long admired Warren Buffett and still do. I've heard him tell many times how his secretary pays a larger percentage of her small income on taxes than he pays on his large income. Sometimes he elaborates; sometimes he doesn't. When he doesn't, he does a great disservice to the cause of financial literacy in this country and, inadvertently, I'm sure, stokes the embers of class resentment. This is not a good time to be doing that. I was traveling and didn't see his August 15 New … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.57% Posted: 19 Aug 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Friday.<br/><br/> At the close of U.S. trade, the Dow Jones Industrial Average fell 1.57%, the S&P 500 index shed 1.50%, while the Nasdaq 100 index declined 1.68%.<br/><br/> Meanwhile, across the Atlantic, European stock markets closed lower. France&rsquo;s CAC 40 was down 1.92%; Germany&rsquo;s DAX shed 2.19%; Britain&rsquo;s FTSE 100 declined 1.01%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merck-Ariad Drug Under EU Review Posted: 19 Aug 2011 12:55 PM PDT Merck & Co. Inc. (NYSE:MRK) and Ariad Pharmaceuticals Inc. (NASDAQ:ARIA) recently announced that the European Medicines Agency (EMA) has completed the validation process and accepted their marketing authorization application (MAA) for ridaforolimus for review. The companies are looking to get ridaforolimus approved as a treatment for metastatic soft-tissue or bone sarcomas in patients who responded favorably to chemotherapy. Merck and Ariad Pharma have also filed a new drug application (NDA) for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: J.C. Penney Posted: 19 Aug 2011 12:55 PM PDT J.C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently posted second-quarter 2011 results. Street analysts had a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Earnings Report Review J.C. Penney's quarterly earnings of 7 cents a share came a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GD Led Team Wins $440M Contract Posted: 19 Aug 2011 12:35 PM PDT General Dynamics (NYSE:GD) teamed up with major defense contractors and received a contract worth $439.7 million for the technology development of the U.S. Army’s Ground Combat Vehicle ("GCV") Infantry Fighting Vehicle ("IFV") program. The U.S. Army initially planned to provide development phase contract for its infantry fighting vehicle to three defense operators and ultimately select one among them for the production contract. However, the Army provided development contract to two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Builds SOA Systems Posted: 19 Aug 2011 12:35 PM PDT Raytheon Company (NYSE:RTN) is developing a Service-Oriented Architecture (SOA) that enables rapid integration of weapons and sensors with a framework that is capable of providing unmanned aircraft systems ("UAS"). Service-Oriented Architecture organizes discrete functions contained in enterprise applications. These are interoperable, standard-based services that can be combined and reused quickly to meet business needs. It helps in increasing revenues, enhancing customer satisfaction, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PG&E, EnXco In Power Supply Deal Posted: 19 Aug 2011 12:35 PM PDT Pacific Gas and Electric Company, a subsidiary of  PG&E Corporation (NYSE:PCG), has entered into a 25-year Power Purchase Agreement with enXco. Per the deal, PG&E will purchase the power generated from the Shiloh IV Wind Project owned, built and developed by enXco. The Wind Project is subject to the approval of the California Public Utility Commission. The 100 megawatt (MW) Shiloh IV Wind Project will be built in Solano County, California. The facility is a re-powering effort to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WellPoint Increases Lobbying Cost Posted: 19 Aug 2011 12:35 PM PDT WellPoint Inc. (NYSE:WLP) spent $1.3 million on lobbying in the second quarter of 2011, up 17% from the year-ago quarter, but a 3% decline from the first quarter of the year. Most of the lobbying was centered on the health-care overhaul bill announced by the U.S. Government, which has been a cause for anxiety among health insurance companies. WellPoint lobbied the Congress, the White House, the Centers for Medicare and Medicaid Services, the Department of Labor and the Department of Health and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: NZDUSD Moves Toward Key 100 Day MA And Fibo Retracement Level. Posted: 19 Aug 2011 12:31 PM PDT In an earlier post, I warned of a move below the 100 bar MA and the 50% retracement. The price looked to hold against these key intraday levels (see chart above), but succumbed to the downside. The price is now down testing the 100 day MA and the 38.2% retracement of the move up from the March 2011 low. Those levels come in at the 0.8182 and 0.8156 levels respectively. The low has reached 0.8170 level – at the lows for the day and week.  Not a good ending for the risk currency … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Ease From Record High In U.S. Trade Posted: 19 Aug 2011 12:20 PM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros &ndash; Gold futures jumped to an all-time in U.S. trade Friday before paring gains, as dealers shied away from volatile equity markets in light of heightened fears of a global economic slowdown.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Markets Melt Up & Down Posted: 19 Aug 2011 12:18 PM PDT Cusick’s Corner Markets melt up and markets melt down. The morning had a small reversal, markets were up but now they are down small and 1100 on the S&Ps looks in sight. Many traders do not want to go home with positions into the weekend so they may be covering positions, plus it is Expiration Friday so we could see some volatility in the final hour. See you After Hours. Stock market averages wavered in and out of positive territory and trading has turned mixed through midday Friday. With … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 19 Aug 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on CPI.<br/><br/> USD/CAD was trading at 0.9898, down 0.08% at time of writing.<br/><br/> The pair was likely to find support at 0.9775, Wednesday&rsquo;s low, and resistance at 0.9938, Thursday&rsquo;s high.<br/><br/> Earlier in the day, official data showed that Consumer price inflation in Canada rose to a seasonally adjusted 0.2% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Looming Layoffs At BofA Posted: 19 Aug 2011 12:05 PM PDT Bank of America Corp. (NYSE:BAC) is planning to retrench 3,500 workers this quarter as the company is fraught with its $1 trillion problem-loan portfolio. The ongoing economic and market instability further compounded the quandary. Thousands of additional layoffs could ensue in the upcoming quarters as the company is working on a broader restructuring plan to recover its financial position, the Wall Street Journal reported on Friday following communication with BofA employees. According to the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Par Pharma, IPCI Expand Deal Posted: 19 Aug 2011 12:05 PM PDT Par Pharmaceutical Companies Inc. (NYSE:PRX) and Intellipharmaceutics International Inc. (IPCI) recently announced the expansion of their collaboration for the development and commercialization of additional strengths of their generic version of Focalin XR (dexmethylphenidate hydrochloride). The agreement covers only the US market. The companies already have an agreement for the development and commercialization of 5, 10, 15 and 20 mg strengths of generic Focalin XR. According to the deal, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Syneron Tanda Luxe LED Cleared Posted: 19 Aug 2011 12:05 PM PDT Aesthetic products company Syneron Medical (NASDAQ:ELOS) has won the 510(k) clearance of the U.S. Food and Drug Administration ("FDA") to market its new Tanda Luxe Light Emitting Diode ("LED"). The new skin rejuvenation system has been approved by the regulator for over-the-counter ("OTC") treatment of periorbital (surrounding the eye) wrinkles, rhytides and fine lines. The Israel-based company plans to start marketing the device in the prestige retail market in the fourth quarter. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap A Penny Ahead, Sales Disappoint Posted: 19 Aug 2011 12:05 PM PDT Gap Inc.'s (NYSE:GPS) second-quarter 2011 earnings of 35 cents per share declined 2.8% from last year's 36 cents per share, but were a penny ahead of the Zacks Consensus Estimate. Quarter in Details During the quarter, net sales edged up 2.0% to $3,386.0 million from $3,317.0 million in the year-ago quarter. Same-store sales slipped 2.0% for the quarter versus an increase of 1.0% in the prior-year quarter. Gap reported a decline in same-store sales across all brands except Old Navy North … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Solid Revs Drive Salesforce’s 2Q Posted: 19 Aug 2011 12:05 PM PDT Salesforce.com Inc. (NYSE:CRM) reported second quarter fiscal 2012 adjusted net income of 6 cents per share, which was modestly ahead of the Zacks Consensus Estimate of 3 cents. The adjusted figure excludes amortization of intangibles and a debt discount, but includes stock-based compensation. The earnings beat came from solid top-line growth, partially offset by higher operating costs. Revenues Revenues in the quarter were $546.0 million, up 38.5% from $394.4 million in the year-ago quarter. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Rebounds From Record Low In U.S. Trade Posted: 19 Aug 2011 11:42 AM PDT Forexpros – <p style=”font: normal normal normal 12px/normal Helvetica; margin: 0px”><span style=”letter-spacing: 0px”>Forexpros – The U.S. dollar advanced against the Japanese yen in U.S. trade Friday, after hitting a postwar low and renewing speculation that the currency market may see another intervention by the Bank of Japan.</span></p> <p style=”font: normal normal normal 12px/normal Helvetica; min-height: 14px; margin: 0px”>&nbsp;</p> <p … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Moves Above Intraday Resistance. Dollar Better Bid Posted: 19 Aug 2011 11:19 AM PDT The USDCHF has moved above the 100 bar MA after two tests found sellers (see chart above).  The pair might be getting cold feet as the weekend approaches and threat of action from the SNB is a possibility.   It may just be Friday afternoon flows. What we have seen, however, is a reversal from the dollar selling. The USDJPY has moved back above the 76.30 level (helped by reports of BOJ threats). The EURUSD is wandering above and below the 100 hour MA (but does remain above the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Is Business Choking On Red Tape? Posted: 18 Aug 2011 10:00 PM PDT About a year ago, I wrote about The Shocking Cost of Regulation and the unintended consequences new rules can have on our business system without proper cost-benefit analysis being done. A year later, it's clear the swarm of red tape is choking companies and impeding growth. U.S. businesses continue to deal with the unintended consequences of these regulations. According to Wayne Crews of the Competitive Enterprise Institute, there's currently more than 4,000 new regulations in the pipeline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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