DailyMarkets.com - Berkshire Debuts Share Buyback Plan

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• Berkshire Debuts Share Buyback Plan
• BB&T In Expansion Mode
• Hess Sees Higher Shale Output
• ONEOK Gives Favorable 2012 Guidance
• Family Dollar Outpaces Estimates
• McCormick Beats, Re-Affirms Outlook
• XL Group Prices Notes
• Bull Of The Day: Avis Budget Group (CAR)
• Cal-Maine Beats 2Q Consensus
• Macy’s Anticipates Good Holiday Season
• Chevron’s Thumbs-Up For Wheatstone
• DENTSPLY Raised To Outperform
• Durable Goods Orders Flat In August
• Forex – EUR/USD Up At The End Of European Session
• AmSurg Upgraded To Outperform
• Medco-ESRX Assert Merger Benefits
• Nokia Starts N9 Sale
• Yoplait’s Enticing New Flavor
• EU Backs Bayer/JNJ’s Xarelto
• CONSOL Sells Marcellus Royalty Interest
• Forex – EUR/USD Up Toward The End Of European Session
• Forex – USD/JPY Down Toward The End Of European Session
• Wall Street Pares Gains, Euro-zone Developments Eyed
• Forex – GBP/USD Up Toward The End Of European Session
• Forex Trading: EURUSD Scoots To Trendline Support And Stalls
• Forex – GBP/JPY Down During The European Session
• All Focus Remains On The Eurozone Led By Greek Austerity Inspection Talks, Additional Meetings
• EUR/USD Up At The End Of European Session
• EUR/USD Up Toward The End Of European Session
• USD/JPY Down Toward The End Of European Session
• GBP/USD Up Toward The End Of European Session
• GBP/JPY Down During The European Session
• EUR/USD Up During The European Session

Berkshire Debuts Share Buyback Plan Posted: 28 Sep 2011 10:05 AM PDT Berkshire Hathaway Inc. (BRK.A) (BRK.B) has announced its first share buyback plan to utilize its reserves for the purpose. Chairman Warren Buffett, also known as the "Oracle of Omaha," said that he would pay a 10% premium above book value to buy back shares, but he also capped the upside by saying that he would jettison the idea if the share price bounces back to reflect the actual net worth or the cash balance falls below $20 billion. Berkshire had $47.9 billion in its kitty as of the end … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T In Expansion Mode Posted: 28 Sep 2011 10:05 AM PDT BB & T Corp.'s (NYSE:BBT) subsidiary, BB&T Insurance Services, has announced the second acquisition within a week. The company is taking over Atlantic Risk Management Corporation of Columbia. With this acquisition, BB&T will expand its footprints in attractive metro Baltimore area and have a broader representation in Washington, D.C., area as well. Though the terms and the value of the deal remained undisclosed, the agreement is expected to close in October. Atlantic Risk, founded in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hess Sees Higher Shale Output Posted: 28 Sep 2011 10:05 AM PDT Hess Corp. (NYSE:HES) remains upbeat on its U.S. shale acreage and expects its oil output to double in the coming few years in the region. New York-based Hess Corporation said production to hit 1.5–2 million barrels of oil per day in the coming five to seven years, backed by a ramp-up in unconventional oil play activity across North Dakota to Texas. Presently, the region produces approximately 700,000 barrels per day. Hess is the largest gas producer and the third-largest oil producer in North … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ONEOK Gives Favorable 2012 Guidance Posted: 28 Sep 2011 09:35 AM PDT ONEOK Inc. (NYSE:OKE) provided financial forecasts for fiscal 2012. The net income of the company for 2012 is expected to be in the range of $355 million to $400 million, an estimated growth of 13% from the current 2011 earnings guidance of $325 million to $345 million. The strong performance in 2012 is expected to come in from ONEOK Partners (NYSE:OKS) and from natural gas distribution segments, both projected to grow from the prior year. ONEOK Partners’ results in 2012 are expected to be driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Family Dollar Outpaces Estimates Posted: 28 Sep 2011 09:35 AM PDT Amid the global economic turmoil, Family Dollar Stores Inc. (NYSE:FDO) posted better-than-expected fourth-quarter 2011 results. The quarterly earnings of 66 cents a share outpaced the Zacks Consensus Estimate of 64 cents, and jumped 17.9% from 56 cents earned in the prior-year quarter on the heels of healthy sales witnessed in the Consumables, and Seasonal and Electronics categories. The company had earlier guided earnings in the range of 62 cents to 70 cents for the quarter under review. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McCormick Beats, Re-Affirms Outlook Posted: 28 Sep 2011 09:35 AM PDT McCormick & Co. Inc. (NYSE:MKC) posted results for the third quarter of 2011 with operating earnings of 69 cents a share, surpassing the Zacks Consensus Estimate of 64 cents. The quarterly earnings benefited from higher operating income, as well as cost savings. Further, new product innovation, distribution gains and increased investment in brand marketing also led to the growth. However, earnings lagged the prior-year quarter’s 76 cents. The prior-year quarter experienced a reversal of $14 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

XL Group Prices Notes Posted: 28 Sep 2011 09:35 AM PDT XL Group Ltd., the wholly owned subsidiary of  XL Group plc. (NYSE:XL) has priced its public offer of 5.75% senior notes worth $400 million due 2021. XL Group expects net proceeds from this issuance to be $396.4 million. The company intends to use the net proceeds to repay $600 million 6.5% Guaranteed Senior Notes due 2012 of XL Capital Finance (Europe) plc, another wholly owned subsidiary of XL Group. Standard & Poor’s Ratings Services have assigned a ‘BBB+’ rating with a stable outlook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Avis Budget Group (CAR) Posted: 28 Sep 2011 09:15 AM PDT Continued focus on productivity and cost containment initiatives coupled with better travel trends and lower fleet costs drove Avis Budget Group (NYSE:CAR) to post better-than-expected financial results for second-quarter 2011. The quarterly earnings of $0.63 per share surpassed the Zacks Consensus Estimate of $0.31 and surged more than 2.5 times from the prior-period earnings. We believe Avis Budget’s strong focus on cost reductions will help the company achieve its goal of higher operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cal-Maine Beats 2Q Consensus Posted: 28 Sep 2011 09:15 AM PDT Jackson, Mississippi-based Cal-Maine Foods Inc. (NASDAQ:CALM) posted first-quarter 2012 adjusted earnings of 13 cents per share, beating the Zacks Consensus Estimate of 11 cents but deteriorating from 20 cents earned last year. The year-over-year decline in earnings was due to higher feed cost, which according to the company would remain a cause of concern for the rest of fiscal 2012. Inside the Headline Numbers Total revenue, in the quarter under review, leaped 28% year over year to $243.8 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macy’s Anticipates Good Holiday Season Posted: 28 Sep 2011 09:05 AM PDT Macy's Inc. (NYSE:M), one of the leading department store retailers in the United States, recently announced its plan to hire approximately 78,000 temporary staff workers for the upcoming holiday season, during which the company expects incremental sales.   The recent announcement marks an increase of 4% from 75,000 temporary staff hired last year. The new workforce will supplement the operations at its stores, distribution and call centers, and online fulfillment centers.   Macy’s, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron’s Thumbs-Up For Wheatstone Posted: 28 Sep 2011 09:05 AM PDT U.S. energy behemoth Chevron Corp. (CVX) and its partners have announced the final investment decision for the massive Wheatstone liquefied natural gas (“LNG”) venture in Australia following the receipt of necessary government approvals. The company said that its Australian subsidiary will proceed with the construction of the project immediately. Chevron holds a 73.6% operated interest in the $29 billion Wheatstone development, with the other partners being Apache Corp. (APA), Kuwait Foreign … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DENTSPLY Raised To Outperform Posted: 28 Sep 2011 09:05 AM PDT We upgrade our recommendation on DENTSPLY International (NASDAQ:XRAY) to Outperform based on our improved visibility on the stock, stemming from attractive growth opportunities of new products and the recent acquisition of leading dental implants maker Astra Tech.  The company's second-quarter 2011 adjusted earnings of 55 cents a share topped the Zacks Consensus Estimate of 51 cents. Profit was boosted by internal growth and favorable foreign exchange movements. Revenues (up 7.8% to $609.4 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Durable Goods Orders Flat In August Posted: 28 Sep 2011 09:05 AM PDT New Orders for Durable Goods dipped a slight 0.1% in August. That was slightly below the consensus expectations of an increase of 0.1%. The July numbers were revised slightly upwards. It was first reported as an increase of 4.0%, but now they say new orders rose 4.1%. Given the volatile nature of the Durable Good series, the miss and the offsetting upward revision are just about irrelevant. The drop from last month is a bit more significant, but only a bit. While this is an important economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 28 Sep 2011 09:00 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3629, up 0.32% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts had expected Core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmSurg Upgraded To Outperform Posted: 28 Sep 2011 08:41 AM PDT Recently, we upgraded AmSurg Corporation (NASDAQ:AMSG) to Outperform with a target price of $25.00. AmSurg reported EPS of 41 cents in the second quarter of fiscal 2011, in line with both the Zacks Consensus Estimate and the year-ago quarter earnings. After a sluggish fiscal 2010, mainly impacted by reimbursement issues, higher interest expenses and tax rate, AmSurg reported revenues of $188.7 million, up 7.4% from $175.7 million reported in the year-ago period. The upside was primarily attributable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medco-ESRX Assert Merger Benefits Posted: 28 Sep 2011 08:40 AM PDT Recently, Medco Health Solutions (NYSE:MHS) and Express Script (NASDAQ:ESRX) asserted the benefits of their pending merger for patients, public as well as private purchasers before the House Judiciary Subcommittee on Intellectual Property, Competition and the Internet. Through the joint venture, both the companies intend to provide a more safe and affordable pharmaceutical coverage by making prescription drugs more reachable for senior citizens, disabled and working families. Additionally, Medco and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nokia Starts N9 Sale Posted: 28 Sep 2011 08:40 AM PDT Nokia Corporation (NYSE:NOK), the world's largest mobile phone maker, recently announced the availability of its N9 smartphone across all its stores. The new handset was designed earlier in June, this year. The new device will run on Linux-based MeeGo software, which is an open source mobile operating system and is jointly developed by Nokia and Intel Corporation (INTL). The newly launched unsubsidized mobile device is available in three attractive colors and the 16 GB handset is priced at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yoplait’s Enticing New Flavor Posted: 28 Sep 2011 08:40 AM PDT General Mills Inc.'s (NYSE:GIS) Yoplait recently supplemented its Yoplait Frozen Fruit & Yogurt Smoothies with a new flavor, namely Chocolate Banana, to satisfy the sweet tooth this September.  Each serving of the delicious dessert will provide 130 calories as well as 50% of the required calcium for our body. The yoghurt pieces are combined with milk to make it perfect for the present day life, where having a balanced diet is difficult. Boulogne-Billancourt, France-based Yoplait is the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EU Backs Bayer/JNJ’s Xarelto Posted: 28 Sep 2011 08:40 AM PDT Recently Bayer (BAYRY) and partner Johnson & Johnson (NYSE:JNJ) announced that the European Committee for Medicinal Products for Human Use (CHMP) has recommended their blood-thinner (anticoagulant) Xarelto (rivaroxaban) for approval for two indications. The CHMP recommended that Xarelto be cleared in the European Union (EU) for treating deep vein thrombosis (DVT) and also for preventing recurrent DVT and pulmonary embolism (PE) after an acute DVT in adults. While DVT refers to a blood clot … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CONSOL Sells Marcellus Royalty Interest Posted: 28 Sep 2011 08:40 AM PDT Coal miner CONSOL Energy Inc. (NYSE:CNX) has announced the sale of its nearly 7% royalty interest in some of Antero Resources Appalachian Corp's Marcellus Shale assets to Antero for about $193 million in cash. The royalty interest sold comprises nearly 115,647 net acres of Marcellus Shale located in nine counties in southwestern Pennsylvania and north central West Virginia. The company closed the transaction on September 21, 2011, with an effective date of July 1, 2011. CONSOL Energy had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up Toward The End Of European Session Posted: 28 Sep 2011 08:40 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3630, up 0.32% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts had expected Core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down Toward The End Of European Session Posted: 28 Sep 2011 08:20 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders. USD/JPY was trading at 76.46, down 0.46% at time of writing. The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Pares Gains, Euro-zone Developments Eyed Posted: 28 Sep 2011 08:10 AM PDT 09/28/11 US equity markets started higher, but pared gains in mid-morning trade. Finland approved EFSF changes, while US durable goods fell … [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: 28 Sep 2011 08:00 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. GBP/USD was trading at 1.5654, up 0.10% at time of writing. The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Scoots To Trendline Support And Stalls Posted: 28 Sep 2011 07:43 AM PDT  The EURUSD broke below support at the 1.3618 level (see prior post) and the price scooted lower. The price moved lower through the 200 hour MA but stalled at the 1.3584 trendline support (see chart above). Bears would like to see a consolidation (stay below 1.3616), followed by a sooner rather than later break of the 1.3585 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/JPY Down During The European Session Posted: 28 Sep 2011 07:40 AM PDT Forexpros – The British Pound was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders. GBP/JPY was trading at 119.55, down 0.48% at time of writing. The pair was likely to find support at 117.20, Friday's low, and resistance at 120.45, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

All Focus Remains On The Eurozone Led By Greek Austerity Inspection Talks, Additional Meetings Posted: 28 Sep 2011 01:15 AM PDT 09/28/11 NYFP’s Morning Market Report: Investors continue to focus on the eurozone led by an upcoming troika visit to Greece for austerity inspections and another planned Eurogroup meeting in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up At The End Of European Session Posted: 27 Sep 2011 10:03 PM PDT By ForexMansion.com Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3629, up 0.32% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up Toward The End Of European Session Posted: 27 Sep 2011 10:03 PM PDT By ForexMansion.com Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3630, up 0.32% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Down Toward The End Of European Session Posted: 27 Sep 2011 09:32 PM PDT By ForexMansion.com Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders. USD/JPY was trading at 76.46, down 0.46% at time of writing. The pair was likely to find support at 76.15, Friday's low, and resistance at 76.93, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Up Toward The End Of European Session Posted: 27 Sep 2011 09:02 PM PDT By ForexMansion.com Forexpros – The British Pound was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. GBP/USD was trading at 1.5654, up 0.10% at time of writing. The pair was likely to find support at 1.5375, Friday's low, and resistance at 1.5705, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/JPY Down During The European Session Posted: 27 Sep 2011 09:02 PM PDT By ForexMansion.com Forexpros – The British Pound was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Durable Goods Orders. GBP/JPY was trading at 119.55, down 0.48% at time of writing. The pair was likely to find support at 117.20, Friday's low, and resistance at 120.45, Tuesday's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Up During The European Session Posted: 27 Sep 2011 08:32 PM PDT By ForexMansion.com Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core Durable Goods Orders. EUR/USD was trading at 1.3625, up 0.29% at time of writing. The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, today's high. Earlier in the day, official data showed that U.S. core durable goods orders fell unexpectedly to a seasonally adjusted -0.1% last month from 0.7% in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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