Canadian Finance Blog

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Friday Links Posted: 30 Sep 2011 02:00 AM PDT I was very intrigued by Smart on Money’s post this week that asked, “Are You Saving So Much Money That You’re Nearly Broke?“  Not at all what I expected but great advice. This week Money Smarts addressed the unusual question, “Can Home Owners Benefit From Falling Real Estate Values?“  You might be surprised by the answer. It may sound unbelievable but you can buy a new car in this economy… with cash.  Smart on Money shows you just how to do it with their post, How We Paid Cash For Our New Car. An interesting post from the Financial Blogger this week that is a reaction to the question would you rather spend  1 Hour Extra For Your Day Job Or Creating a Better Future?  A great look at the how much can be accomplished (for both your job and yourself) in that one hour. This week the Canadian Couch Potato shared all the hard facts about Balancing Your Dividend Holdings. There are always going to be trends that affect us (from what we wear to how we spend our money) and Balance Junkie wrote a great post that discusses the 5 Economic Trends Affecting Your Money. If you have considered freelancing, you’ll want to read this insightful post by MoneyNing that covers Selling Your Skills: What You Need to Get Started. The holidays are coming and that means toy shopping.  Thankfully WiseBread wrote a great article this week that tells you how to Get the Most for Your Money When Toy Shopping. This week Moolanomy shared 4 tips to pay as little as possible when buying the big things.  There are some really nice tips here. Nowadays every credit card comes with points or plans that can be confusing.  Doughroller took the time to uncover The Best Frequent Flyer Credit Cards.  Very helpful for us frequent fliers. Related Posts: Christmas is coming… The Funds are Getting Thin Reasons to Use Your Credit Card for Christmas Shopping How to Maximize Rewards and Save Money Friday Links originally appeared on Canadian Finance Blog on September 30, 2011.

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DailyMarkets.com - The American Jobs Depression, And How To Get Out Of It

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• The American Jobs Depression, And How To Get Out Of It
• ERCI, US Recession On The Way, No Debate!
• State Bank Of Vietnam Caps Bank Deposit Rates
• Forex Trading: EURUSD Makes It To 1.3407.
• Micron Misses Again, Shares Tumble
• Earnings Scorecard: Rite Aid
• Cheesecake Factory Kept Neutral
• Forex – EUR/USD Down At The End Of U.S. Session
• Cheerful First Quarter For Paychex
• Magna Seating Gets Higher Incentives
• Qualcomm Collaborates With EDIMAX
• HeartWare To Present At EACTS Meet
• AT&T Sees Prospects In Hotel WiFi
• New CFO For Two Harbors
• Forex – GBP/USD Down At The End Of U.S. Session
• Dow Closes Week With A 240 Point Drop, Posts Worst Quarterly Performance Since Fall ’08 Credit Crisis
• Forex – USD/JPY Up At The End Of U.S. Session
• Lying With Statistics?
• U.S. Markets Close Lower; Dow Jones Down 2.16%
• Red Lion Signs Two Agreements
• O’Reilly Remains Neutral
• Earnings Scorecard: Ferrellgas
• Juniper Unveils New Product Line
• VeriSign Appoints Interim CFO
• Waters Launches TruView Vials
• Denmark Announces Emergency Bank Liquidity Program
• Meritage’s Monthly Sales Improve
• Discover Faces FDIC Action
• Natural Gas Supply Keeps Growing
• Are Silver & Copper Prices Predicting A Global Recession?
• Forex – Dollar Strengthens In U.S. Afternoon Trade
• Earnings Scorecard: Nike
• Forex Trading: EURUSD Back To 1.3427 Area…
• Hurricane Impacts Rite Aid Sales
• U.S. Stocks Lower In Afternoon Trade; Dow Down 0.8%
• Edwards’ Sapien Under CMS Scanner
• ITMN’s Esbriet Safe Long Term
• Earnings Preview: Wolverine
• BSX To Prosper Under New President
• European Stocks Close Lower; DAX Drops 2.4%
• Eni To Bid For Iraq Oilfield
• Forex – USD/JPY Climbs In Early U.S. Trade
• Las Vegas Home Sales In Aug. Highest In 5 Yrs, But Mostly All-Cash, FHA-Financed And Distressed Sales
• Dollar Rise Continues On Improved Consumer Confidence, Euro Remains Weak
• Dollar Strength Pushes Crude Lower
• How Does The Earnings Power Valuation Technique (EPV) Work?
• The Trend Trader For Stock Trading On Monday, October 3, 2011
• The Trend Trader For Forex Trading On Monday, October 3, 2011
• The Trend Trader For ETF Trading On Monday, October 3, 2011
• The Trend Trader For Futures Trading On Monday, October 3, 2011
• Energetix Prepares To Turn Up The Heat In The UK Boiler Market
• GBP/USD Down At The End Of U.S. Session
• EUR/USD Down At The End Of U.S. Session
• USD/JPY Up At The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 2.16%
• Forex – Dollar Strengthens In U.S. Afternoon Trade
• U.S. Stocks Lower In Afternoon Trade; Dow Down 0.8%
• European Stocks Close Lower; DAX Drops 2.4%
• USD/JPY Climbs In Early U.S. Trade
• Crude Oil Retreats In Mid-day U.S. Trade
• Chart Of The Week – Managing Emotions In Today’s Marketplace

The American Jobs Depression, And How To Get Out Of It Posted: 30 Sep 2011 05:30 PM PDT The Reverend Al Sharpton and various labor unions have announced a March for Jobs. But I'm afraid we'll need more than marches to get jobs back. Since the start of the Great Recession at the end of 2007, America's potential labor force – that is, working-age people who want jobs – has grown by over 7 million. But since then, the number of Americans who actually have jobs has shrunk by more than 300,000. In other words, we're in a deep hole and the hole is deepening. In August, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ERCI, US Recession On The Way, No Debate! Posted: 30 Sep 2011 05:22 PM PDT China slowing, Europe debt issues, now ERCI says all the leading indicators point to a new recession for the USA. No surprise to us, all the cycles forecasted a roll over, months ago.. - AUDUSD (FXA) down - Copper down - Transports down - USD dollar up Dont believe me spend some time on the blog searching for : FXA, UUP, JJC, !TRAN Double digit unemployment in the USA in election will be fun! USA should have done a Sweden and Iceland. Oops maybe next time. For more: Charles Nenner and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

State Bank Of Vietnam Caps Bank Deposit Rates Posted: 30 Sep 2011 02:43 PM PDT The State Bank of Vietnam (SBV) has set a maximum interest rate for demand and time deposits shorter than 1 month of 6.00% p.a. and maintained a maximum interest rate for deposits greater than 1 month of 14.00% p.a.  The SBV said: “in cooperation with the public securities authorities has detected a number of violations of the maximum interest rate and imposed strict sanctions on these cases of violation. In addition, several credit institutions have offered the VND … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes It To 1.3407. Posted: 30 Sep 2011 02:39 PM PDT As we move to the last hour of trading, the EURUSD has made its way to the 50% retracement of the move up from the June 2010 low.    It is month and quarter end but the traders are voting for more downside risk for the pair.  The price is still above the low for the week (low was reached on Monday at 1.33616) but closing near the key 1.3407 level is certainly not a bullish bias.  Weekend risk exists for the pair. On the bearish side include the Greece situation with its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Micron Misses Again, Shares Tumble Posted: 30 Sep 2011 02:30 PM PDT Micron Technology Inc. (NYSE:MU) reported adjusted fourth quarter fiscal 2011 loss per share of 14 cents, as against the Zacks Consensus earnings estimate of 1 cent per share. Micron shares fell 3.41% in after market trade. The miss was largely due to subdued PC sales, which adversely affected the demand for memory chips. Another aspect which affected the company's fundamentals badly was the oversupply of DRAM (dynamic random access memory). Hence, the price of DRAM, which provides the main … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Rite Aid Posted: 30 Sep 2011 02:30 PM PDT Rite Aid Corporation (NYSE:RAD), the third largest retail drugstore in the U.S. based on revenues and number of stores, posted its second-quarter 2012 results. Street analysts had nearly 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 on the stock. Quarterly Review On September 22, 2011, Rite Aid reported a loss of 11 cents per share for the second quarter of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cheesecake Factory Kept Neutral Posted: 30 Sep 2011 02:30 PM PDT We remain Neutral on The Cheesecake Factory Inc. (NASDAQ:CAKE) over the long term. While second quarter 2011 earnings results, comparable sales growth, cost reduction initiatives and an increase in the share repurchase program are positives, a high unemployment rate, increased pre-opening expenses during the second half of 2011 and inflated commodity costs keep us on the sidelines. The Cheesecake Factory's second quarter 2011 earnings were in line with the Zacks Consensus Estimate. The company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 30 Sep 2011 02:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3388, down 1.55% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, Wednesday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the Chicago PMI to fall to 56.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cheerful First Quarter For Paychex Posted: 30 Sep 2011 02:05 PM PDT Paychex Inc. (NASDAQ:PAYX) reported first-quarter fiscal 2012 earnings of 41 cents per share, fairly ahead the Zacks Consensus Estimate of 38 cents. Though the quarter's results indicate an improving client retention rate and higher checks per client, lower sale of new units remains an overhang. Shares increased 1.91% in after-market trade. Revenues Paychex reported first-quarter 2012 revenues of $563.1 million, up 8.6% from $518.3 million reported in the year-ago quarter. The upside can be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magna Seating Gets Higher Incentives Posted: 30 Sep 2011 02:05 PM PDT Michigan-based Magna Seating of America Inc., a subsidiary of Magna International Inc. (NYSE:MGA), recently received a preliminary approval for $8.5 million in state tax incentives from Kentucky Economic Development Finance Authority (KEDFA) in Frankfort for its Shepherdsville plant. Previously, KEDFA granted a $6 million tax incentive for the plant due to its original plans and proposals. But, earlier in March this year, the company made changes to its plans and announced that the proposed plant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qualcomm Collaborates With EDIMAX Posted: 30 Sep 2011 02:05 PM PDT Qualcomm Atheros Inc., the newly acquired arm of Qualcomm Inc. (NASDAQ:QCOM), recently announced a collaboration with EDIMAX Technology, a leading provider of networking solutions, to provide a new carrier-grade video-over-wireless (VoW) bridge. This VOW solution will be supported by Atheros AR9580 chipset, which supports multi-HD video streaming across homes and is ideal for glitch-free in-home video services distribution. This modern chipset allows error-free transmission, thus offering faster … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HeartWare To Present At EACTS Meet Posted: 30 Sep 2011 02:05 PM PDT Leading heart pump maker HeartWare International (HTWR) will present clinical data for the next-generation HeartWare Ventricular Assist System at the European Association for Cardio-Thoracic Surgery ("EACTS") annual meet on October 2. The Massachusetts-based company will present results from the critical ADVANCE bridge to transplant ("BTT") trial at the EACTS meet which will be held in Lisbon, Portugal. ADVANCE is an Investigational Device Exemption ("IDE") study intended to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T Sees Prospects In Hotel WiFi Posted: 30 Sep 2011 02:05 PM PDT The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) is planning to acquire Montreal-based Superclick Networks for $15 million. Superclick is an Internet provider for the hospitality industry. It designs, manages and deploys Internet services to top hotels and health care facilities such as Intercontinental Hotels Group plc (NYSE:IHG), Marriott International, Inc. (NYSE:MAR), Four Seasons, Jumeirah, Kimpton Hotels, Mandarin Oriental Hotels throughout North America, Canada, the Middle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New CFO For Two Harbors Posted: 30 Sep 2011 02:05 PM PDT Two Harbors Investment Corp. (TWO) recently announced the appointment of Brad Farrell as the chief financial officer and treasurer, effective January 1, 2012. Two Harbors' current CFO, Jeffrey Stolt, will hold his position till January 2012 and thereafter will serve as the partner and chief financial officer of Pine River Capital Management L.P.  Brad Farrell boasts an experience of 14 years in corporate financial management and business analysis for public financial service companies. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down At The End Of U.S. Session Posted: 30 Sep 2011 02:05 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI. GBP/USD was trading at 1.5584, down 0.28% at time of writing. The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Closes Week With A 240 Point Drop, Posts Worst Quarterly Performance Since Fall ’08 Credit Crisis Posted: 30 Sep 2011 02:00 PM PDT 09/30/11 NYFP’s Closing Bell Market Monitor: The Dow closed out the week with a 240 point gain and ended the quarter on a sour note as Q3 became the worst quarterly performance since Fall 2008, when the credit crisis was in full … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up At The End Of U.S. Session Posted: 30 Sep 2011 02:00 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Chicago PMI. USD/JPY was trading at 77.05, up 0.28% at time of writing. The pair was likely to find support at 76.23, Monday's low, and resistance at 77.20, today's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the Chicago PMI to fall to 56.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lying With Statistics? Posted: 30 Sep 2011 01:57 PM PDT According to the latest CNN/Orca International Poll, “an overwhelming number of Americans — 90% — say that economic conditions remain poor.” Many U.S. government statistics, meanwhile, suggest otherwise. Given the fact that sentiment and statistical data loosely tracked one another up until about a year-and-a half ago, it would seem that something is out of whack. Hmmm, I wonder what the issue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.16% Posted: 30 Sep 2011 01:45 PM PDT Forexpros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 2.16%, the S&P 500 index shed 2.50%, while the Nasdaq 100 index declined 2.66%. Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 1.51%; Germany's DAX shed 2.44%; Britain's FTSE 100 declined 1.32%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Red Lion Signs Two Agreements Posted: 30 Sep 2011 01:35 PM PDT Red Lion Hotels Corporation (NYSE:RLH) recently announced that the company has signed franchise license agreements with the owner of two New Mexico hotels. The company will open two locations in New Mexico through the conversion of existing Best Western properties in Farmington and Gallup. The two properties are currently owned by Positive Investments, Inc, which is also the owner of the Red Lion Hotel Oakland International Airport in Oakland, California. The 192-room Red Lion Hotel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

O’Reilly Remains Neutral Posted: 30 Sep 2011 01:35 PM PDT We have reiterated our Neutral recommendation on the stock of O'Reilly Automotive Inc. (NASDAQ:ORLY) for more than six months. The company continues to benefit from its dual-market strategy and strong distribution network. Further, the CSK acquisition is expected to boost the company's earnings and savings, and will help it outgrow competitors. However, O'Reilly's cash is locked in huge inventories. In addition, its store locations are highly concentrated, which makes it vulnerable to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Ferrellgas Posted: 30 Sep 2011 01:35 PM PDT Earlier this week, Ferrellgas Partners L.P. (NYSE:FGP) released mixed results for its fourth quarter of fiscal 2011. The partnership's results reflected the impact of the seasonal nature of the retail propane distribution business, which has historically pulled down the partnership's performance in the first and fourth quarters of the fiscal year. Earnings Review Ferrellgas Partners reported a net loss per unit of 53 cents for the fourth quarter of fiscal 2011, wider than the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Juniper Unveils New Product Line Posted: 30 Sep 2011 01:35 PM PDT Networking major Juniper Networks (NASDAQ:JNPR) recently unveiled its new portfolio of switching, security and wireless products, named ‘Simply Connected.’ The new suite of products is designed to simplify the wired network and ensure superior management and security of all mobile devices in the enterprise. The new suite of products include the new networking portfolio and three new switching products, wireless LAN (WLAN) product innovations, and a comprehensive set of updated Apple (NASDAQ:AAPL) iOS and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VeriSign Appoints Interim CFO Posted: 30 Sep 2011 01:35 PM PDT Internet infrastructure services provider VeriSign, Inc. (NASDAQ:VRSN) recently appointed John Calys to the position of Chief Financial Officer (CFO), effective immediately. Earlier, Executive Vice President and CFO Brian Robins resigned from his positions effective September 7, 2011 to pursue other opportunities. Calys has been appointed on an interim basis and will report directly to Jim Bidzos, Executive Chairman, President and Chief Executive Officer. Calys will have full responsibility for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Waters Launches TruView Vials Posted: 30 Sep 2011 01:35 PM PDT Waters Corporation (NYSE:WAT) launched a new line of low-adsorption sample vials called TruView™ LCMS Certified Vials, which are certified for LC/MS/MS analyses. These vials are effective in analysis of LC/MS/MS with analyte concentrations of ng/mL or pg/mL, where analytical sensitivity and accuracy are critical. There has been a rise in demand for low adsorption vials that provide accurate results with the LC/MS/MS technology evolving and levels of detection approaching or exceeding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denmark Announces Emergency Bank Liquidity Program Posted: 30 Sep 2011 01:25 PM PDT The Danmarks Nationalbank announced it will provide as much as 400 billion kroner in an emergency liquidity provision program to assist the nation’s banks.  The measures include expanding the existing collateral basis, and introducing 6-month loans in addition to the existing 7-day loan facility.  Danmarks Nationalbank Governor, Nils Bernstein, said: ”The expansion of credit facilities is intended to supplement the banks’ access to raise loans, thereby easing the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Meritage’s Monthly Sales Improve Posted: 30 Sep 2011 01:05 PM PDT Meritage Homes Corporation (NYSE:MTH) reported its sales results for the first two months of its fiscal third quarter 2011. The company sold 590 homes during July and August as compared with 479 homes sold during the corresponding period in 2010. Individually, Meritage sold 320 homes in July 2011, up 39% year over year, and 270 homes in August 2011, up 8% year over year. A depressed housing industry is the biggest concern for any homebuilder. To add to the woes, there is no sign of a speedy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover Faces FDIC Action Posted: 30 Sep 2011 01:05 PM PDT On Wednesday, Discover Financial Services (NYSE:DFS) revealed in a regulatory filing that The Federal Deposit Insurance Corp. (FDIC) is planning to take enforcement action against its banking division, Discover Bank in relation to its marketing policies for fee-based products. Since December 2010, Discover has been facing several lawsuits which accuse it of keeping customers uninformed about their buying decisions pertaining to the company's services. According to the lawsuits, Discover made … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Supply Keeps Growing Posted: 30 Sep 2011 01:05 PM PDT The U.S. Energy Department’s weekly inventory release showed a higher-than-expected increase in natural gas supplies, attributable to sagging demand amid robust production.  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 activities or events. The report provides an overview of the level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are Silver & Copper Prices Predicting A Global Recession? Posted: 30 Sep 2011 12:57 PM PDT Chris Vermeulen & JW Jones – www.OptionsTradingSignals.com Silver and copper have recently been going through their own private bear markets. Since the open on September 1st, silver futures have sold off by more than 25%. During the same time frame, copper futures sold off by around 24%. Both metals are extremely oversold, but lower prices are still possible. Are the bear markets in copper and silver an attempt to warn market participants that slower economic condition are ahead? Are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Strengthens In U.S. Afternoon Trade Posted: 30 Sep 2011 12:40 PM PDT Forexpros – Forexpros – The U.S. dollar moved higher against its major counterparts in U.S. trade Friday, as European inflation concerns and a downturn in global equities whetted investor appetites for the safe-haven greenback. In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 1.28% to hit 1.3424. Earlier Friday, the European Union's Statistics Office reported that euro-zone inflation jumped by 3% in September, up for 2.5% in August, the largest year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Nike Posted: 30 Sep 2011 12:35 PM PDT On September 22, 2011, Nike Inc. (NYSE:NKE), a sporting goods retailer, posted first-quarter 2012 results. Street analysts had a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts’ estimate revisions as well as the Zacks Rank and long-term recommendation for the stock. Quarterly Review Nike posted strong fiscal 2012 first-quarter earnings of $1.36 per share, up 19.3% from the year-ago earnings of $1.14 per share, handily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Back To 1.3427 Area… Posted: 30 Sep 2011 12:17 PM PDT The EURUSD is back down to the 1.3427 support … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hurricane Impacts Rite Aid Sales Posted: 30 Sep 2011 12:10 PM PDT Leading drugstore chain operator Rite Aid Corporation (NYSE:RAD) reported a marginal increase of 1.3% in same-store sales for the four weeks ended September 24, 2011. Results decreased somewhat from a growth of 2.5% in August 2011. In the reported month, same-store sales were negatively affected by Hurricane Irene. For the month of September, front-end same-store sales decreased 0.5%. Pharmacy same-store sales in the month improved 2.1% despite a 143 basis point headwind from new generic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Lower In Afternoon Trade; Dow Down 0.8% Posted: 30 Sep 2011 12:07 PM PDT Forexpros – Forexpros – U.S. stocks moved lower in Friday trade, bouncing back from session lows on better than expected manufacturing activity figures, but generally lower on a weak U.S. income report. In late afternoon U.S. trade, the Dow Jones Industrial Average was down 0.78% to 11,067.29, the Nasdaq Composite Index lost 1.18% to 2,451.47, and the S&P 500 declined 1.04% to trade at 1,148.37. The U.S. Bureau of Economic Analysis reported that personal income in August fell by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edwards’ Sapien Under CMS Scanner Posted: 30 Sep 2011 12:05 PM PDT Edwards Lifesciences (NYSE:EW) received a major setback as the Centers for Medicare & Medicaid Services (CMS) decided to initiate a National Coverage Analysis (NCA) of transcatheter aortic valve replacement (TAVR). As a result, the stock price of the company closed 6.58% lower on Thursday. According to the agency, it received a formal national coverage determination (NCD) request from the Society of Thoracic Surgeons (STS) and the American College of Cardiology (ACC). Edwards, a leading player … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ITMN’s Esbriet Safe Long Term Posted: 30 Sep 2011 12:05 PM PDT InterMune, Inc. (NASDAQ:ITMN) recently presented new data which demonstrated that its lead drug Esbriet (pirfenidone), indicated for the treatment of idiopathic pulmonary fibrosis (IPF), was safe even for use over a long period of time. Data presented at the European Respiratory Society (ERS) Annual Congress from the RECAP trial showed that there was no change in the safety profile of Esbriet even when dosed for more than three years. RECAP is an extension study of the pivotal CAPACITY trials … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Wolverine Posted: 30 Sep 2011 11:35 AM PDT Wolverine World Wide, Inc. (NYSE:WWW), one of the leading designers, manufacturers and marketers of branded footwear and apparel, is scheduled to report its third-quarter 2011 financial results before the bell on Monday, October 3, 2011. The current Zacks Consensus Estimate for the quarter is 75 cents a share. For the quarter under review, revenue is $357 million, according to the Zacks Consensus Estimate. Second-Quarter 2011, a Synopsis On July 12, 2011, Wolverine reported second-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX To Prosper Under New President Posted: 30 Sep 2011 11:35 AM PDT Earlier this month, Boston Scientific (NYSE:BSX) named Michael Mahoney as the President of the company effective October 17, 2011. Mahoney, the Worldwide Chairman of the Medical Devices and Diagnostics Group of Johnson & Johnson (NYSE:JNJ) is expected to occupy the post of CEO of Boston Scientific from November 1, 2012. In May 2011, Ray Elliott had announced his intention to step down as the President and CEO and confirms to do so on October 17, 2011. Subsequently, Hank Kucheman, the Executive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Close Lower; DAX Drops 2.4% Posted: 30 Sep 2011 11:31 AM PDT Forexpros – Forexpros – European stocks retreated in Friday trade, dragged down by inflation concerns and the dimming prospects for a quantitative easing from the European Central Bank. At the end of Friday's European session, the STOXX 50 Index lost 1.48% to 2,179.66, France's CAC 40 fell 1.50% to 2,981.96, Britain's FTSE 100 shed 1.32% to 5,128.48, and Germany's DAX declined 2.44% to close at 5,502.02. In Thursday trade, U.S. and European stock markets got a lift from a German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eni To Bid For Iraq Oilfield Posted: 30 Sep 2011 11:05 AM PDT Eni SpA (NYSE:E) has decided to participate in the upcoming bidding round for the development of Nassiriya oilfield in Iraq. The decision follows a meeting held between Eni’s chief operating officer, Paolo Scaroni and the Iraqi Prime Minister Nuri al-Maliki in Baghdad earlier this week on the development of Zubair –– one of the largest oil field in the country. Earlier this month, head of the Iraqi oil ministry contracts and licensing directorate, Abdul-Mahdy al-Ameedi, said that four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Climbs In Early U.S. Trade Posted: 30 Sep 2011 10:54 AM PDT Forexpros – Forexpros – The U.S. dollar moved higher against the Japanese yen in U.S. trade Friday, lifted by poor industrial production numbers in Japan as well a safe-haven alternative in light of a downturn in global equities. In early U.S. trade USD/JPY hit 77.20, the pair's highest since September 15; the pair subsequently consolidated at 77.14, rising 0.40%. The pair was likely to find support at 76.12, last Wednesday's low, and resistance at 77.98, the high of September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Las Vegas Home Sales In Aug. Highest In 5 Yrs, But Mostly All-Cash, FHA-Financed And Distressed Sales Posted: 30 Sep 2011 10:37 AM PDT DQ News — “Las Vegas area home sales jumped to the highest level for an August in five years, the result of a relatively long month for escrows closings and robust buying by investors and first-time buyers in the sub-$150,000 market. Home prices seemed to trend sideways to downward last month, with the median sale price dropping to its lowest level in more than 16 years.  In August, 5,412 new and resale houses and condos closed escrow in the Las Vegas-Paradise metro area (Clark County), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rise Continues On Improved Consumer Confidence, Euro Remains Weak Posted: 30 Sep 2011 10:00 AM PDT 09/30/11 The US dollar has continued to rise this afternoon following an improvement in both consumer confidence and Chicago PMI. Meanwhile, weak reports from Europe has held down the currency this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Strength Pushes Crude Lower Posted: 30 Sep 2011 04:00 AM PDT 09/30/11 The final session of the week has seen a slide in crude prices as dollar strength and weak European economic data kept investors away from energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Does The Earnings Power Valuation Technique (EPV) Work? Posted: 30 Sep 2011 06:50 AM PDT Earnings Power Value also known as just Earnings Power is a valuation technique popularised by Bruce Greenwald, an authority on value investing at Columbia University. It is arguably a better way to analyze stocks than Discounted Cash Flow analysis that relies on highly speculative growth assumptions many years into the future. EPV uses a very basic equation which assumes no growth, although it does rely on an assumption about the cost of capital  as well as the fact that current … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Monday, October 3, 2011 Posted: 30 Sep 2011 05:03 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Monday, October 3, 2011 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 9.57 − 4.87 9.97 10.00 Bearish AXP – American Express Company 44.90 − 3.90 46.31 46.14 Bearish BA – Boeing Co 60.51 − 2.98 62.04 61.60 Bearish BAC – Bank of America Corporation 6.12 − 3.62 6.26 6.36 Bearish CAT – Caterpillar Inc 73.84 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, October 3, 2011 Posted: 30 Sep 2011 05:03 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Monday, October 3, 2011 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 0.9659 − 1.23 0.9777 0.9755 Bearish EURUSD – Euro / US Dollar 1.3387 − 1.53 1.3548 1.3480 Bearish GBPUSD – British Pound / US Dollar 1.5583 − 0.25 1.5608 1.5577 Neutral USDCAD – US Dollar / Canadian Dollar 1.0496 + 1.35 1.0357 1.0380 Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, October 3, 2011 Posted: 30 Sep 2011 05:03 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Monday, October 3, 2011 The top 40 ETFs by net assets In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AGG – iShares Lehman Aggregate Bd Fd 110.11 + 0.37 109.82 109.97 Bullish BND – Vanguard Total Bond Market ETF 83.74 + 0.37 83.54 83.72 Bullish DBC – DB Commodity Index Tracking Fd 25.75 − 3.45 26.39 26.26 Bearish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, October 3, 2011 Posted: 30 Sep 2011 05:03 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Monday, October 3, 2011 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Dec ESZ1 1126.00 − 2.62 1147.58 1145.83 Bearish Dow Jones – Dec YMZ1 10841 − 2.38 11004 10938 Bearish Nasdaq – Dec NQZ1 2134.50 − 2.51 2193.14 2180.67 Bearish Russell – Dec TFZ1 641.50 − 3.13 654.46 657.23 Bearish INTEREST RATES US T-Bond – Dec ZBZ1 142-20 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Energetix Prepares To Turn Up The Heat In The UK Boiler Market Posted: 30 Sep 2011 04:59 AM PDT Clare Spottiswoode admits that she was "a bit straightforward" about her views on the micro combined heat and power (CHP) industry when she first met Adrian Hutchins, the chief executive of AIM quoted cleantech group, Energetix (LON:EGX). For the former director-general of Ofgas and FTSE 100 company board member (G4S (LON:GFS) and previously Tullow Oil (LON:TLW)), earlier experiences of a new generation of domestic boilers had been disappointing. On the invite of Energetix' then … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down At The End Of U.S. Session Posted: 30 Sep 2011 03:32 AM PDT By ForexMansion.com Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI. GBP/USD was trading at 1.5584, down 0.28% at time of writing. The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down At The End Of U.S. Session Posted: 30 Sep 2011 03:32 AM PDT By ForexMansion.com Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI. EUR/USD was trading at 1.3388, down 1.55% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, Wednesday's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the Chicago PMI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Up At The End Of U.S. Session Posted: 30 Sep 2011 03:02 AM PDT By ForexMansion.com Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Chicago PMI. USD/JPY was trading at 77.05, up 0.28% at time of writing. The pair was likely to find support at 76.23, Monday's low, and resistance at 77.20, today's high. Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month. Analysts had expected the Chicago PMI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.16% Posted: 30 Sep 2011 03:02 AM PDT By ForexMansion.com Forexpros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 2.16%, the S&P 500 index shed 2.50%, while the Nasdaq 100 index declined 2.66%. Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 1.51%; Germany's DAX shed 2.44%; Britain's FTSE 100 declined 1.32%; and the EURO STOXX 50 fell 1.48%. Forexpros About ForexMansion.com: The Finance Mansion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Strengthens In U.S. Afternoon Trade Posted: 30 Sep 2011 02:01 AM PDT By ForexMansion.com Forexpros – Forexpros – The U.S. dollar moved higher against its major counterparts in U.S. trade Friday, as European inflation concerns and a downturn in global equities whetted investor appetites for the safe-haven greenback. In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 1.28% to hit 1.3424. Earlier Friday, the European Union's Statistics Office reported that euro-zone inflation jumped by 3% in September, up for 2.5% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Lower In Afternoon Trade; Dow Down 0.8% Posted: 30 Sep 2011 01:32 AM PDT By ForexMansion.com Forexpros – Forexpros – U.S. stocks moved lower in Friday trade, bouncing back from session lows on better than expected manufacturing activity figures, but generally lower on a weak U.S. income report. In late afternoon U.S. trade, the Dow Jones Industrial Average was down 0.78% to 11,067.29, the Nasdaq Composite Index lost 1.18% to 2,451.47, and the S&P 500 declined 1.04% to trade at 1,148.37. The U.S. Bureau of Economic Analysis reported that personal income in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Close Lower; DAX Drops 2.4% Posted: 30 Sep 2011 01:02 AM PDT By ForexMansion.com Forexpros – Forexpros – European stocks retreated in Friday trade, dragged down by inflation concerns and the dimming prospects for a quantitative easing from the European Central Bank. At the end of Friday's European session, the STOXX 50 Index lost 1.48% to 2,179.66, France's CAC 40 fell 1.50% to 2,981.96, Britain's FTSE 100 shed 1.32% to 5,128.48, and Germany's DAX declined 2.44% to close at 5,502.02. In Thursday trade, U.S. and European stock markets got a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Climbs In Early U.S. Trade Posted: 30 Sep 2011 12:03 AM PDT By ForexMansion.com Forexpros – Forexpros – The U.S. dollar moved higher against the Japanese yen in U.S. trade Friday, lifted by poor industrial production numbers in Japan as well a safe-haven alternative in light of a downturn in global equities. In early U.S. trade USD/JPY hit 77.20, the pair's highest since September 15; the pair subsequently consolidated at 77.14, rising 0.40%. The pair was likely to find support at 76.12, last Wednesday's low, and resistance at 77.98, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Retreats In Mid-day U.S. Trade Posted: 29 Sep 2011 11:32 PM PDT By ForexMansion.com Forexpros – Forexpros – Crude oil futures moved lower in U.S. trade Friday, following data on U.S. personal income and a rise in European inflation for the month of September. On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD80.80 a barrel in mid-day U.S. trade, falling 1.61%, after hitting a daily high of USD83.33. On Friday, the U.S. Bureau of Economic Analysis reported that personal income in August fell by a seasonally … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Week – Managing Emotions In Today’s Marketplace Posted: 29 Sep 2011 10:00 PM PDT The markets are certainly volatile these days: one week it's an impending Greek default, followed by a European downgrade coupled with a financial banking crisis, but it's not all doom and gloom. The market's many moods are difficult for any seasoned investor to manage, but we believe there are always opportunities in global markets, and while the U.S. still needs to resolve its fiscal and monetary policies, it appears there's a sign of hope on the horizon. One positive point is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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