DailyMarkets.com - BBT Buys Californian Insurance Firm

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• BBT Buys Californian Insurance Firm
• Prudential Stays At Neutral
• KB Home’s Results Deteriorate
• CarMax Misses, Profits Flat
• Kona Grill Folds Weaker Units
• Netflix-Facebook Deal Sees Hurdle
• Brown-Forman Still Outperforms
• Chevron To Buy Belgium Plant
• Forex – EUR/USD Gains In Early U.S. Trade
• Qualcomm Facing Trouble In India
• Ferrellgas Boosts Propane Portfolio
• Cheesecake Expands In California
• Sina Mulls Weibo Censorship
• Align Reaffirmed At Neutral
• TriQuint Slashes 3Q Guidance
• Initiating Cerner At Neutral
• Aldous Major N Disappoints Statoil
• Forex – USD/JPY Up Toward The End Of European Session
• US Stocks Turn Higher After G20 Pledge
• Forex – GBP/USD Up Toward The End Of European Session
• Forex Trading: AUD/USD Backs Off Support, Continued Bearish Bias
• Forex – EUR/USD Up During The European Session
• Singapore Stock Market Update For Friday 23 September
• Forex – GBP/JPY Up In European Trading Hours
• EUR/USD Gains In Early U.S. Trade
• USD/JPY Up Toward The End Of European Session
• GBP/JPY Up In European Trading Hours
• GBP/USD Up Toward The End Of European Session
• EUR/USD Up During The European Session

BBT Buys Californian Insurance Firm Posted: 23 Sep 2011 09:56 AM PDT On Thursday, BB & T Corp.'s (NYSE:BBT) subsidiary, BBT Insurance Services, announced the acquisition of San Jose, California-based Liberty Benefit Insurance Services. Though the terms and the value of the deal were not disclosed, the agreement is expected to close on October 1. Founded in 1991, Liberty is a full-service employee benefit broker, which manages rising health care costs, changing regulations and complex benefits administration for large commercial clients. BBT stated that after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prudential Stays At Neutral Posted: 23 Sep 2011 09:56 AM PDT We are maintaining our Neutral recommendation on the shares of Prudential Financial Inc. (PRU). Prudential is the second-biggest U.S. life insurer and has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Though there was a drag on revenues recently (for the past couple of years) due to the volatile economic environment, the company has consistently increased its revenues over the past … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KB Home’s Results Deteriorate Posted: 23 Sep 2011 09:35 AM PDT KB Home (NYSE:KBH) reported a net loss of $9.6 million or 13 cents per share in the third quarter of fiscal 2011, compared with a net loss of $1.4 million or 2 cents per share in the year-ago quarter.  However, excluding inventory impairments and land option contract abandonment charges of $1.2 million (non-cash), the adjusted net loss was $8.4 million or 11 cents per share, which was much lower than the Zacks Consensus Estimate of a loss of 17 cents per share. Total revenue fell 27% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CarMax Misses, Profits Flat Posted: 23 Sep 2011 09:35 AM PDT CarMax Inc. (NYSE:KMX) suffered a profit of $111.9 million or 49 million per share in the second quarter of its fiscal year ended August 31, 2011, which was flat compared with $107.9 million or 48 cents per share earned in the second quarter of prior fiscal year. With this, the used-car retailer missed the Zacks Consensus Estimate by 2 cents per share. The flat profit was primarily attributable to economic slowdown and lower consumer confidence as reflected in a 2% decline in comparable store used … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kona Grill Folds Weaker Units Posted: 23 Sep 2011 09:35 AM PDT Kona Grill Inc. (NASDAQ:KONA) recently shut down one of its underperforming restaurants in Sugar Land, Texas. Since the recent past, the company has embarked upon a strategy to padlock its unprofitable locations. Earlier, in July, the company shut down another underperforming location in West Palm Beach, Florida. Following the closure of Sugar Land, management further revised its sales guidance for the third quarter to $23.6–$23.7 million from $24.1–$24.2 million as the unit will henceforth be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix-Facebook Deal Sees Hurdle Posted: 23 Sep 2011 09:35 AM PDT Netflix Inc.'s (NASDAQ:NFLX) users can now do a lot more than other Facebook members, as Netflix announced the integration of its video streaming services with the social networking site. This new application will allow Netflix users to share videos and TV shows they have watched on Facebook. Additionally, they will also get to see what others are watching on Netflix. This partnership was announced by Netflix CEO Reed Hastings, who is also a board member of Facebook. The strategic integration will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brown-Forman Still Outperforms Posted: 23 Sep 2011 09:35 AM PDT We currently maintain a long-term Outperform recommendation on Brown-Forman Corporation (BF.B) with a target price of $77.00 per share. Brown-Forman is one of the leading producers and distributors of premium alcoholic beverages in the world. The company, which competes with other well-established players in the industry, including Fortune Brands Inc. (NYSE:FO), Constellation Brands Inc. (NYSE:STZ) and Diageo plc (NYSE:DEO), commands a strong portfolio of globally recognized brands, such as Jack … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron To Buy Belgium Plant Posted: 23 Sep 2011 09:35 AM PDT Chevron Phillips Chemical Company LLC –– a chemical firm owned by Chevron Corporation (NYSE:CVX) and ConocoPhillips (NYSE:COP) –– entered into an agreement with Neste Oil Corporation to acquire a manufacturing plant in Belgium. The financial terms of the deal were not disclosed. The Woodlands, Texas based Chevron Phillips, which produces polyalphaolefin (a component utilized in high-performance lubricants), expects this acquisition to more than double its production capabilities. The deal, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Gains In Early U.S. Trade Posted: 23 Sep 2011 09:06 AM PDT Forexpros – Forexpros – The euro moved higher against the U.S. dollar in early trade Friday, lifted by assurances from European finance officials that the G-20 would work together to tackle the region's ongoing debt threats. EUR/USD hit 1.3567 in early U.S. trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.3538 rising 0.55%. The pair was likely to find support at 1.3377, the low of January 19, and resistance at 1.3720, Monday's high. Late Thursday, finance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qualcomm Facing Trouble In India Posted: 23 Sep 2011 09:05 AM PDT Qualcomm Inc. (NASDAQ:QCOM), the leading chipset maker for mobile handsets worldwide, is currently facing the risk of losing its venture in India. In June 2010, the company won spectrum for broadband wireless access (BWA) for $1.045 billion, which was auctioned by the Ministry of Telecommunications of India. Qualcomm obtained operating license in four major service areas of New Delhi, Mumbai, Kerala and Haryana. However, recently the Department of Telecommunications (DOT) of India rejected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ferrellgas Boosts Propane Portfolio Posted: 23 Sep 2011 09:05 AM PDT Ferrellgas Partners L.P. (NYSE:FGP) has added another propane retailer, Economy Propane Inc., consistent with its strategy of acquiring new assets that complement its portfolio. The acquisition of this Lakeport, California-based retailer marks the partnership's first acquisition this fiscal year, which began on August 1, 2011, and the fourth in this calendar year. Economy Propane, as an independent propane retailer, meets all the requisites of Ferrellgas’ growth-through-acquisition strategy, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cheesecake Expands In California Posted: 23 Sep 2011 08:40 AM PDT The Cheesecake Factory Inc. (NASDAQ:CAKE), which currently operates 168 restaurants, recently announced the opening of a new unit in San Mateo, California. This is the fifth of the company's targeted 7 new openings for fiscal 2011. The other restaurants have already opened in Texas, New Jersey, Florida and Connecticut. The newly opened restaurant spans approximately 8,500 square feet and accommodates around 251 guests. It is located in the Hillsdale Shopping Center, which hosts over 130 stores and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sina Mulls Weibo Censorship Posted: 23 Sep 2011 08:40 AM PDT Chinese micro-blog "Weibo" users will likely face strict scrutiny, as SINA Corp. (SINA) is mulling certain measures aimed at filtering contents that goes against the dictates of the Chinese Government, according to a recent report from news agency Bloomberg. SINA's weibo has gained massive popularity over the last couple of years. As of June 30, 2011, registered users totaled more than 200 million. SINA has been continuously adding consumer centric features such as apps, games and virtual … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Align Reaffirmed At Neutral Posted: 23 Sep 2011 08:40 AM PDT Recently, we reiterated our 'Neutral' recommendation on Align Technology (NASDAQ:ALGN) with a target price of $18.00. The company witnessed balanced sales growth across all its channels during the second quarter of fiscal 2011. Align has undertaken several strategies to improve adoption of Invisalign. These include acceleration of product/technology development, extension of clinical effectiveness, expansion of Invisalign brand and driving international growth among others. In the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TriQuint Slashes 3Q Guidance Posted: 23 Sep 2011 08:40 AM PDT TriQuint Semiconductor, Inc. (NASDAQ:TQNT) recently revised its outlook for the third quarter of 2011. The company now expects revenues between $210 million and $215 million, down from the previous guidance range of $225 million to $235 million. Excluding one-time items and stock-based compensation expenses, gross margin is projected in the range of 35%–37%. Operating expenses (including litigation expenses) are estimated around $60 million. TriQuint anticipates net income per share to range … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Initiating Cerner At Neutral Posted: 23 Sep 2011 08:40 AM PDT We initiate our coverage on Cerner Corporation (NASDAQ:CERN), a leading vendor of Electronic Health Record ("EHR") and other healthcare IT services ("HCIT"), with a Neutral rating. Cerner is not simply a play on the U.S. stimulus. Instead, it offers a limited exposure to worldwide healthcare automation. Besides, Cerner enjoys a multitude of burgeoning growth drivers, other than international sales. The company's second-quarter 2011 earnings per share of 42 cents beat the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aldous Major N Disappoints Statoil Posted: 23 Sep 2011 08:40 AM PDT Statoil ASA (NYSE:STO) has encountered only a minor discovery at the Aldous Major North prospect in the production license (PL) 265 in the Norwegian North Sea, leaving the company disappointed. Well 16/2-9S –– the sixth in the license –– was drilled to evaluate the potential content of the Aldous Major North prospect by the semi-submersible rig Transocean Leader that hit a thin 26 feet (8 meter) oil column in formations dating back to the Upper Jurassic period. The well was drilled some 7 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up Toward The End Of European Session Posted: 23 Sep 2011 08:40 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 76.29, up 0.08% at time of writing. The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.98, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.47% to hit 1.3526 and GBP/USD rising 0.84% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Higher After G20 Pledge Posted: 23 Sep 2011 08:30 AM PDT 09/23/11 US equities opened in negative territory but pared weakness in mid-morning trade. The G20 vowed to restore stability to financial markets and stem the EU debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 23 Sep 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5485, up 0.92% at time of writing. The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5756, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.33% to hit 0.8745 and GBP/JPY rising 0.98% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: AUD/USD Backs Off Support, Continued Bearish Bias Posted: 23 Sep 2011 08:05 AM PDT AUD/USD (daily chart) as of Friday (9/23/2011) has backed off key support around the 0.9700 price region after having broken swiftly and strongly below prior key support around parity (1.0000). Friday's price action rose up above 0.9800 from its half-year lows just below 0.9700. This pullback occurs after a precipitous 1100 pip drop that started in the beginning of September. After such a plummet, a bullish correction pullback is to be expected, with strong resistance now residing around the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The European Session Posted: 23 Sep 2011 08:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3517, up 0.40% at time of writing. The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8756 and EUR/JPY rising 0.44% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Friday 23 September Posted: 23 Sep 2011 07:47 AM PDT Market trimmed losses for the day to close at 2698.80, down 21.73 with a high volume of 1.6383 bln. 2700 might be the new resistance for now. Lookout for next few trading sessions for more evidences whether market have more downsides. We can expect a throwback for the next few days before a resume of a downward market. No investment shall be made. Sentiment shall be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Up In European Trading Hours Posted: 23 Sep 2011 07:40 AM PDT Forexpros – The British Pound was higher against the Japanese Yen on Friday. GBP/JPY was trading at 117.75, up 0.67% at time of writing. The pair was likely to find support at 116.85, Thursday's low, and resistance at 121.05, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.63% to hit 1.5441 and EUR/GBP falling 0.28% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Gains In Early U.S. Trade Posted: 22 Sep 2011 10:31 PM PDT By ForexMansion.com Forexpros – Forexpros – The euro moved higher against the U.S. dollar in early trade Friday, lifted by assurances from European finance officials that the G-20 would work together to tackle the region's ongoing debt threats. EUR/USD hit 1.3567 in early U.S. trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.3538 rising 0.55%. The pair was likely to find support at 1.3377, the low of January 19, and resistance at 1.3720, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Up Toward The End Of European Session Posted: 22 Sep 2011 10:03 PM PDT By ForexMansion.com Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 76.29, up 0.08% at time of writing. The pair was likely to find support at 76.11, Thursday's low, and resistance at 76.98, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.47% to hit 1.3526 and GBP/USD rising 0.84% to hit 1.5472. Forexpros About ForexMansion.com: The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/JPY Up In European Trading Hours Posted: 22 Sep 2011 09:32 PM PDT By ForexMansion.com Forexpros – The British Pound was higher against the Japanese Yen on Friday. GBP/JPY was trading at 117.75, up 0.67% at time of writing. The pair was likely to find support at 116.85, Thursday's low, and resistance at 121.05, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.63% to hit 1.5441 and EUR/GBP falling 0.28% to hit 0.8749. Forexpros About ForexMansion.com: The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Up Toward The End Of European Session Posted: 22 Sep 2011 09:32 PM PDT By ForexMansion.com Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5485, up 0.92% at time of writing. The pair was likely to find support at 1.5329, Thursday's low, and resistance at 1.5756, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.33% to hit 0.8745 and GBP/JPY rising 0.98% to hit 118.11. Forexpros About ForexMansion.com: The Finance Mansion Network operates a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up During The European Session Posted: 22 Sep 2011 09:32 PM PDT By ForexMansion.com Forexpros – The Euro was higher against the U.S. Dollar on Friday. EUR/USD was trading at 1.3517, up 0.40% at time of writing. The pair was likely to find support at 1.3386, Thursday's low, and resistance at 1.3798, Wednesday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.21% to hit 0.8756 and EUR/JPY rising 0.44% to hit 103.09. Forexpros About ForexMansion.com: The Finance Mansion Network … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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