Tuesday, September 6, 2011

DailyMarkets.com - The Costs Of Greed – Dendreon

DailyMarkets.com - The Costs Of Greed – Dendreon

The Costs Of Greed – Dendreon

Posted: 06 Sep 2011 05:18 PM PDT

originally published at Minyanville.
Note:  SmartStops saved investors $26.57 a share from the first July 18th risk alert
by Christopher Georgopoulos

Provenge is a proven success, but management has to prove to the market that not only are they brilliant scientists, but brilliant businesspeople.

Partnerships between drug development companies and large pharmaceutical makers are common. These deals provide the usually cash-strapped development firm with capital to see their drugs through … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Lifted In Early Asian Trade

Posted: 06 Sep 2011 04:46 PM PDT

Forexpros –
Forexpros – The euro moved higher against the U.S. dollar in Asian trade Wednesday, as Wall Street suffered its third straight losing session and the Swiss National Bank took the extraordinary step of introducing a minimum for the EUR/CHF exchange rate.
EUR/USD hit 1.4008 in early Asian trade, the pair's highest since Monday; the pair subsequently consolidated at 1.4003 gaining 0.03%.
The pair was likely to find support at 1.3838, the low of July 12, and resistance at 1.4378, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 06 Sep 2011 04:10 PM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.4004, up 0.04% at time of writing.

The pair was likely to find support at 1.3974, today's low, and resistance at 1.4378, Thursday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.02% to hit 0.8778 and EUR/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staples Upgraded To Neutral

Posted: 06 Sep 2011 04:05 PM PDT

We recently upgraded our long-term recommendation on Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, to Neutral with a price target of $16.00, following better-than-expected second-quarter 2011 results. Earlier, we had an Underperform rating on the stock.
The quarterly earnings of 22 cents a share topped the Zacks Consensus Estimate of 19 cents and jumped 10% from 20 cents delivered in the prior-year quarter. However, on a reported basis, including one-time items, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

International Paper Acquires Temple-Inland

Posted: 06 Sep 2011 03:58 PM PDT

09/06/11 IP and Temple-Inland reached a merger deal. The Memphis-based leader in paper and packaging products acquired Temple-Inland for $32 a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

August Sales Down At Stage Stores

Posted: 06 Sep 2011 03:35 PM PDT

Stage Stores Inc. (NYSE:SSI) reported total sales of $113.0 million in August 2011, down 0.9% from $114.0 million in August 2010. The company's comparable store sales (comps) also declined 1.7% versus a 0.5% increase recorded in the same month a year ago. After recording modest increases in two consecutive quarters, the company saw a decline in sales during August. This could be due to a delay in the back-to-school shopping pattern.  
Stage Stores' year-to-date total revenue was up 1.6% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 06 Sep 2011 03:35 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.8242, up 0.18% at time of writing.

The pair was likely to find support at 0.8206, today's low, and resistance at 0.8546, Friday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.18% to hit 1.2721 and EUR/NZD falling 0.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fed’s Beige Book, Weekly Mortgage Applications, BoJ And BoC Rate Decision, German And UK Industrial Production

Posted: 06 Sep 2011 10:20 AM PDT

09/06/11 The Federal Reserve will release its report on regional economic indicators for … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dril-Quip Stays Neutral

Posted: 06 Sep 2011 03:15 PM PDT

We are reiterating our long-term Neutral recommendation on Dril-Quip Inc. (NYSE:DRQ). The stock retains a Zacks #3 Rank – which translates into a Hold rating – for the short term. 
In the recently reported second quarter, Dril-Quip recorded earnings of 55 cents per share, failing to match our expectation. The company registered total revenue of $137.0 million, down 3.5% from the year-ago level of $142.0 million. The underperformance was mainly due to the decrease in sales of offshore rig … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Noble Orders Fourth Drillship

Posted: 06 Sep 2011 03:15 PM PDT

A contract drilling service provider, Noble Corporation (NYSE:NE) has exercised an option with Hyundai Heavy Industries Co. Ltd. (“HHI”), a South Korean ship builder, for the construction of the fourth ultra-deepwater drillship this year.
Noble will incur a cost of $630 million for the new rig, including the turnkey construction contract, company-furnished equipment, project management and spares. However, the costs exclude capitalized interest.
With the addition of the latest drilling rig, Noble … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UAL To Expedite Labor Contract

Posted: 06 Sep 2011 03:05 PM PDT

United Continental Holdings Inc. (UAL) and the Association of Flight Attendants (AFA) have decided to expedite negotiations to enter into a new labor contract for workers under its subsidiary, United Airlines.
The company and AFA have involved the National Mediation Board, an agency that regulates airline labor relations to resolve the worker issues. The AFA represents more than 21,000 flight attendants at the subsidiaries –– United and Continental.
Both parties are keen on forming a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

First Solar Gets Market Savvy

Posted: 06 Sep 2011 03:05 PM PDT

First Solar Inc. (NASDAQ:FSLR) extended its material and workmanship warranty on its Advanced Series 3 Modules from the existing five to ten years. The extension of the warranty period comes on the heels of stiff competition in the cramped solar space with players vying to add value to their products.
First Solar modules are also covered by a 25-year power performance warranty, pre-funded collection and recycling program. The announcement was made at the 2011 European Photovoltaic Solar Energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On Regeneron

Posted: 06 Sep 2011 03:05 PM PDT

We are maintaining our Neutral recommendation on Regeneron Pharmaceuticals Inc. (NASDAQ:REGN) with a target price of $62.00.
Regeneron, a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products for the treatment of serious medical conditions.
In August 2011, the company presented second quarter 2011 results. Net loss of 69 cents per share was wider than the Zacks Consensus Estimate of a net loss of 41 cents.
The company suffered a loss of 31 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Ends Litton Sale

Posted: 06 Sep 2011 03:05 PM PDT

Last week, The Goldman Sachs Group Inc. (NYSE:GS) completed the sale of Litton Loan Servicing to Ocwen Financial Corp. (NYSE:OCN) for $264.0 million, after getting approval from federal and New York state regulators.
Goldman has been ordered by the Fed to conduct an independent review of Litton's foreclosures in 2009 and 2010 for investigating the extent of misconduct and negligence. Moreover, Goldman agreed to let off 25% of principal balances for stressed homeowners, who are 60 days past due on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Stock Picks For Wednesday

Posted: 06 Sep 2011 02:59 PM PDT

( click to enlarge )

Twitted  this one today. MELA Sciences, Inc. (NASDAQ:MELA) shares up about 40% after hours as skin cancer diagnostic device wins EU approval. Seeing the stock reaction in after-hours probably MELA shares tomorrow will open in GAP UP reaching the first resistance at 2.89$, so put this stock in your watch list.

 ( click to enlarge )

Universal Display Corporation (NASDAQ:PANL) – Bull Flag continuation pattern.

  ( click to enlarge )

Lululemon Athletica inc. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AIG’s ILFC Files For IPO

Posted: 06 Sep 2011 02:35 PM PDT

American International Group Inc.'s (NYSE:AIG) leading aircraft leasing unit–International Lease Finance Corporation (ILFC) has filed for an initial public offering (IPO), through a SEC filing. Accordingly, subject to certain conditions imposed by the US Securities and Exchange Commission (SEC), ILFC will become a direct subsidiary of ILFC Holdings before the culmination of the IPO.
Citigroup Inc. (NYSE:C), JP Morgan Chase & Co. (NYSE:JPM) and Morgan Stanley (NYSE:MS) are expected to have been … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Advance Auto Remains Neutral

Posted: 06 Sep 2011 02:35 PM PDT

We reiterate our Neutral recommendation on Advance Auto Parts Inc. (NYSE:AAP) which operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. It is the second leading retailer catering to the DIY and DIFM (or Commercial) customers.
Advance Auto released its financial results on August 10, 2011 for the second quarter of the year. The company … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CSC Takes Over Maricom Systems

Posted: 06 Sep 2011 02:35 PM PDT

Virginia-based Computer Sciences Corp. (NYSE:CSC) announced that it has acquired privately held information technology provider Maricom Systems Inc. for an undisclosed amount.
The acquisition will enable Computer Sciences to advance in the federal government's health care space. Baltimore-based Maricom Systems provides business intelligence and data management solutions that support mission-critical health information technology (IT) systems within the U.S. Department of Health and Human … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing 747-8 Set For First Delivery

Posted: 06 Sep 2011 02:35 PM PDT

The Boeing Company (NYSE:BA) announced that it will deliver its first 747-8 Freighter to Cargolux Airlines International S.A. on September 19, 2011 at Paine Field in Everett, Washington. Cargolux will also take delivery of the second 747-8 Freighter on September 21, 2011. The carrier has ordered 13 747-8 airplanes on Boeing.
This new 747-8 model only retains the iconic shape of the first 747, but is by far more advanced than the initial 747′s rolled out from Boeing’s factory. The latest from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Symantec & VMware In Partnership

Posted: 06 Sep 2011 02:35 PM PDT

Major Internet security manufacturing company Symantec Corp. (NASDAQ:SYMC) recently entered into a strategic partnership with VMware Inc. (NYSE:VMW) to develop Desktop-as-a-Service (DaaS) solutions in order to provide secure, pre-integrated and well-managed enterprise-quality virtual desktop computing environments for enterprises and IT service providers.   
With this deal, Symantec will leverage VMware's virtual desktop and cloud infrastructure solutions including VMware View, VMware … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Perrigo Remains Neutral

Posted: 06 Sep 2011 02:05 PM PDT

We maintained a Neutral rating on Perrigo Company (NASDAQ:PRGO) with a target price of $98.00 following appraisal of the fourth quarter and fiscal 2011 earnings.
Perrigo's broad line of store brand pharmaceutical products has the same active ingredients and comparable quality and efficacy as the national brands. This has helped the company become a dominant player in the store brand over the counter (OTC) drug market.
We believe that Perrigo's strong position in the brand OTC pharmaceutical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SWK-Niscayah Deal Nears Completion

Posted: 06 Sep 2011 02:05 PM PDT

Stanley Black & Decker (NYSE:SWK), in a pursuit to acquireSweden-based Niscayah, finally announced that it is on the verge of completing the deal satisfying all the conditions laid down therewith.
In the month of June, Stanley had proposed to acquire all the common shares and warrants of Niscayah for SEK18.00 per share and SEK0.05 per warrant in cash, through a tender offer by a wholly-owned subsidiary SBD Holding AB.
Settlement for shareholders and warrant holders who accepted the offer by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Senior Housing Buys Healthcare Assets

Posted: 06 Sep 2011 02:05 PM PDT

Senior Housing Properties Trust (NYSE:SNH), a real estate investment trust (REIT) which primarily owns private pay senior living communities and medical office buildings across the U.S., has recently acquired a portfolio of 9 large senior living rental communities across 6 states for $478 million.
The purchase price included $164 million of assumed mortgage debt on certain communities. The transaction was funded by cash on hand and its unsecured credit facility.
The portfolio comprises 2,226 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Air Products Inks Gas Contract

Posted: 06 Sep 2011 02:05 PM PDT

Air Products & Chemicals Inc. (NYSE:APD) announced that it has inked a contract to supply bulk and specialty gases, such as hydrogen and nitrogen, to China-based Hunan Gongchuang Photovoltaic Science & Technology Co. No financial details were revealed.
Per the contract, the gases will be supplied to a new silicon thin-film photovoltaic manufacturing facility located at Hengyang City in the Hunan province of China.
The company's focus is to lower the costs per watt to its customers by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DISH To Offer Online Movie Service

Posted: 06 Sep 2011 02:05 PM PDT

The low-priced leader in the U.S pay TV industry, Dish Network Corp. (NASDAQ:DISH), in an attempt to capitalize on the growing popularity of online movie service facility is planning to offer online movie experience facility to the subscribers of its sister concern Blockbuster Inc.
DISH Network acquired Blockbuster Inc on May 2, 2011 for $228 milion. The acquisition of Blockbuster enables DISH Network to offer several movie streaming services over the Internet, thus efficiently countering the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Drops 100 Points On European Debt Crisis Concerns

Posted: 06 Sep 2011 02:00 PM PDT

09/06/11 NYFP’s Closing Bell Mrket Monitor: The Dow Jones closes out the first trading day of the week with a 100 point loss led by a growing debt crisis in Europe and a drop in US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 06 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3997, down 0.72% at time of writing.

The pair was likely to find support at 1.3974, today's low, and resistance at 1.4378, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.35% to hit 0.8776 and EUR/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will This Convince Them?

Posted: 06 Sep 2011 01:51 PM PDT

In “The Dope Gap,”, I highlighted the almost surreal divergence between a measure of consumer sentiment and a benchmark index of companies that depend on the consumer. Of course, my opinion doesn’t matter much to all these smart-money types who are betting that financially beleaguered Americans are poised to open their wallets in a big way. However, I wonder if a new paper, “From Keeping Up with the Joneses to Keeping Above Water: The Status of the US Consumer,” from the BlackRock Investment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Upgraded To Neutral

Posted: 06 Sep 2011 01:50 PM PDT

Recently, we upgraded Medtronic (NYSE:MDT) to Neutral with a target price of $36.00.
Medtronic reported an adjusted EPS of 79 cents in the first quarter of fiscal 2012, in line with the Zacks Consensus Estimate and a penny lower than the year-ago quarter.  
Revenues were $4.049 billion in the quarter, up 7% year over year (up 2% at constant exchange rates or CER) and higher than the Zacks Consensus Estimate of $3.991 billion. Medtronic recorded 46% of its total sales from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dillard’s Comps Come Up

Posted: 06 Sep 2011 01:50 PM PDT

Dillard’s Inc. (NYSE:DDS), a leading apparel and home-furnishing retailer, reported growth of 4.0% in same-store sales for the four-week period ended August 27, 2011. Merchandise sales for the period shot up 3.5% to $441.7 million compared with $426.8 million in the four-week period ended August 28, 2010. While total sales for the period increased 3.0% from the prior-year period.
Sales in the Central region were better than the average total company sales, while it was soft in the Western region … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

SATURN Hurts AstraZeneca

Posted: 06 Sep 2011 01:50 PM PDT

AstraZeneca (NYSE:AZN) recently reported disappointing top-line data on Crestor (rosuvastatin) 40 mg from SATURN (Study of Coronary Atheroma by InTravascular Ultrasound: Effect of Rosuvastatin Versus AtorvastatiN). The randomized, double-blind, parallel group, multi-center 104-week, phase IIIb study was conducted with approximately 1,300 patients.
The study was conducted to evaluate the effects of treatment with Crestor and Pfizer's (NYSE:PFE) Lipitor (atorvastatin) 80 mg on atherosclerotic disease … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 06 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 77.68, up 1.04% at time of writing.

The pair was likely to find support at 76.55, Friday's low, and resistance at 77.73, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.75% to hit 1.3992 and GBP/USD falling 1.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Failures: 70 So Far In ’11

Posted: 06 Sep 2011 01:35 PM PDT

After a week's pause, U.S. regulators were back in action, shuttering two more banks in Georgia. This brings the total number of U.S. bank failures to 70 so far in 2011, following 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials of bigger banks have been stabilizing on the back of an economic recovery, many smaller banks are still struggling to survive. Nagging issues like rock-bottom home prices along with still-high loan defaults and unemployment levels continue to trouble such … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ensco Remains Neutral

Posted: 06 Sep 2011 01:35 PM PDT

We have maintained our long-term Neutral recommendation on Ensco Plc (NYSE:ESV), one of the leading offshore contract drilling service providers. The company's organically growing asset base, robust international markets as well as the broader recovery in jackup demand remain somewhat tempered by the continued strain on permit issuances in the U.S. Gulf of Mexico (GoM).
Having transformed from a GoM company to a relatively pure international play, U.K.-based Ensco remains well equipped to cope … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Rite Aid August Comps Rise

Posted: 06 Sep 2011 01:35 PM PDT

Leading drugstore chain operator Rite Aid Corporation (NYSE:RAD) reported a marginal increase of 2.5% in same-store sales for the five weeks ended August 27, 2011. Results improved somewhat from a growth of 1.8% in July 2011.
For the month of August, front-end same-store sales increased 2.9%. Pharmacy same-store sales in the month improved 2.3% despite a 132 basis point headwind from new generic introductions. Prescriptions count increased 0.2% at comparable stores.
Total drugstore sales increased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Leucadia And Mueller Sign Deal

Posted: 06 Sep 2011 01:35 PM PDT

Leucadia National Corporation (NYSE:LUK) and Mueller Industries Inc. recently signed a Standstill Agreement, which is due to expire on September 2, 2013.
Mueller Industries Inc. is a leading manufacturer of copper tube and fittings; brass and copper alloy rod, bar and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic fittings and valves; refrigeration valves and fittings along with fabricated tubular products. It primarily operates in the United States, Canada, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Computer Sciences Wins Contract

Posted: 06 Sep 2011 01:35 PM PDT

Technology major Computer Sciences Corporation (NYSE:CSC) maintained its deal winning spree by securing the U.S. Citizenship and Immigration Services (USCIS) contract for providing support to the agency's Office of Information Technology.
With a one-year base and two one-year options, the estimated total three year value of the contract is $290.1 million. This award falls under the Department of Homeland Security's Enterprise Acquisition Gateway for Leading Edge Solutions (EAGLE) contract, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 06 Sep 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3992, down 0.75% at time of writing.

The pair was likely to find support at 1.3974, today's low, and resistance at 1.4378, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.33% to hit 0.8775 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.90%

Posted: 06 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 0.90%, the S&P 500 index shed 0.74%, while the Nasdaq 100 index declined 0.01%.

Meanwhile, across the Atlantic, European stock markets were mixed at close. France's CAC 40 was down 1.13%; Germany's DAX shed 1.00%; Britain's FTSE 100 climbed 1.06%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFC To Redeem $5.78B TRUPs

Posted: 06 Sep 2011 01:05 PM PDT

Last week, Wells Fargo & Co. (NYSE:WFC) announced that it would fully redeem about $5.78 billion worth trust preferred securities (TRUPs). These include $837.50 million of 7.85% TRUPs and $690.00 million at 8.625%. WFC will also redeem $2.50 billion of 7.7% instruments and $1.75 billion of 9.75% hybrid securities.
The redemption is taking place as a result of a Capital Treatment Event under the securities' governing instruments. WFC has resolute that a Capital Treatment Event took place with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kroger To Acquire Schnucks Stores

Posted: 06 Sep 2011 12:55 PM PDT

According to Business Journal, retail grocer The Kroger Company (NYSE:KR) recently announced the acquisition of 8 Schnuck stores in the Memphis area.
The announcement also marks the exit of St. Louis-based Schnuck Markets Inc. from the Memphis area. Kroger currently has 37 stores in Memphis area and the number would reach 43 after the acquisition. Further, the company also plans to close its two existing stores.
The acquisition was the part of the company's long-term growth strategy as Kroger … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DaVita Completes DSI Acquisition

Posted: 06 Sep 2011 12:55 PM PDT

DaVita Inc. (NYSE:DVA) has completed the acquisition of DSI Renal Inc. after the Federal Trade Commission (FTC) gave the anti-trust clearance for the deal. The merger deal of approximately $690 million was announced on February 4, 2011. Credit Suisse Group (CS) acted as DaVita's financial advisor.
However, FTC's approval came with the condition that DaVita must sell 30 clinics, most of which were acquired as part of the DSI merger. DaVita will sell these clinics for about $91 million.
DSI is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session

Posted: 06 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5945, down 1.07% at time of writing.

The pair was likely to find support at 1.5922, today's low, and resistance at 1.6254, Friday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8779 and GBP/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Solar Modules In Germany

Posted: 06 Sep 2011 12:30 PM PDT

One of the world’s largest solar companies, Canadian Solar Inc. (NASDAQ:CSIQ) has supplied its high quality solar modules for Germany’s largest solar power plant which is built by GP JOULE GmbH (“GP JOULE”).
Built on a 152 hectare surface in the Southern Brandenburg region of Eastern Germany, the open-space solar power plant has a specified output of 70 megawatt (MW). GP JOULE has installed approximately 306,000 solar modules on four fields located in a former lignite mining strip in the East German … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On NextEra Energy

Posted: 06 Sep 2011 12:30 PM PDT

We maintain our cautious stance on NextEra Energy Inc. (NEE) despite its second quarter results surpassing our expectation as the company is subject to complex and comprehensive federal, state and other regulation, which can impact the financial results of the company.
NextEra Energy’s competitive energy business has also run up against operating and development risk, limiting top-line growth at this segment that can affect overall results.
The positive attributes of NextEra includes a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours

Posted: 06 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.8623, up 9.54% at time of writing.

The pair was likely to find support at 0.7712, Friday's low, and resistance at 0.8626, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.82% to hit 1.3982 and USD/JPY rising 1.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 06 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 0.9906, up 0.001% at time of writing.

The pair was likely to find support at 0.9737, Thursday's low, and resistance at 0.9965, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.83% to hit 1.3981 and GBP/USD falling 1.16% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Patterson Co.

Posted: 06 Sep 2011 12:05 PM PDT

Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, companion-pet veterinarian and rehabilitation medical supplies, posted tepid first-quarter fiscal 2012 (ended July 30) results with earnings per share of 42 cents trailing both the Zacks Consensus Estimate and the year-ago earnings.
Highlights from the Quarter
Profit tumbled roughly 10% year over year on account of costs associated with the company's Employee Stock Ownership Plan ("ESOP"). Revenues fell 0.3% year over year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Novartis Drug Cleared In EU For NET

Posted: 06 Sep 2011 12:05 PM PDT

Novartis'(NYSE:NVS) drug Afinitor was recently approved in the European Union (EU) for the treatment of patients with advanced neuroendocrine tumors (NET) of pancreatic origin with progressive disease. The drug is already approved in the US for the indication.
The approval was based on the RADIANT-3 trial which demonstrated that Afinitor led to a statistically significant improvement in progression-free survival versus placebo. The number of months of survival without the disease progressing was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Patrick Legland: “Low Growth In H2, But NOT A Recession In The US”

Posted: 06 Sep 2011 12:00 PM PDT

09/06/11 Global Head of Research for Societe General, Mr. Patrick Legland, addresses the recent actions of the Fed and the speculation surrounding its future … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Bugs And Bears Butt Heads In Options-land

Posted: 06 Sep 2011 11:55 AM PDT

Gold bugs and bears butt heads in options-land
Today's tickers: EGO, ATML, C & XHB
(EGO) – Eldorado Gold Corp. – Mixed opinion on the direction shares in Eldorado Gold Corp. are likely to take during the two weeks remaining before September contracts expire prevails this morning as buyers of calls and puts in the front month took their marks. Canadian stocks slumped along with U.S. equities on global growth concerns and fears over the European debt crisis, but all that glitters today … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours

Posted: 06 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.4002, down 0.68% at time of writing.

The pair was likely to find support at 1.3974, today's low, and resistance at 1.4378, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.38% to hit 0.8779 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stereotaxis Stays On Course

Posted: 06 Sep 2011 11:30 AM PDT

The Board of medical equipment maker Stereotaxis Inc (NASDAQ:STXS) has reaffirmed the commercialization strategies for the company's Odyssey and Epoch product platforms. In a recent meeting, the Board  reviewed and approved the company's plans for launch of the Epoch magnetic surgery platform and expansion of the Odyssey platform into standard laboratories. Moreover, a "Strategy Committee" has been set up to assess various capital raising strategies to finance the company’s growth … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GoM Oil Spill: Halliburton Sues BP

Posted: 06 Sep 2011 11:30 AM PDT

Major oilfield services provider Halliburton Co. (HAL) has filed a suit in the Texas state court against British energy giant BP plc (BP) accusing it of negligent misrepresentation, business disparagement and defamation related to last year's Deepwater Horizon rig disaster. The Texas-based company, which provided cementing job for the Macondo well in the Gulf of Mexico (GoM), has blamed BP of concealing key information that led to the biggest environmental catastrophe in U.S. history.
As a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bill Gross: Prepare For ‘disharmony’

Posted: 06 Sep 2011 11:18 AM PDT

By Bill Gross – Originally published at Investment News:  The following is the commentary of Bill Gross, managing director and co-CIO at Pimco, for the month of September. For a complete archive of his commentaries, click here.
"Just an old-fashioned love song, comin' down in three-part harmony." –Three Dog Night
In many ways the global economic crisis is like a marriage gone bad. As the Three Dog Night sang years ago, global economies have functioned harmoniously for many years, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 06 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Tuesday.

AUD/USD was trading at 1.0527, down 0.23% at time of writing.

The pair was likely to find support at 1.0488, today's low, and resistance at 1.0765, Thursday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.40% to hit 1.3309 and AUD/JPY rising 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Tunisia Drops Rate 50bps To 3.50%

Posted: 06 Sep 2011 11:11 AM PDT

The Central Bank of Tunisia reduced its key interest rate by 50 basis points to 3.50% from 4.00% previously.  The Bank said: ”To boost economic activity and the implementation of investment plans by limiting the financial burden on businesses, the Council decided to reduce, again, the rate of the BCT half a percentage point to bring it back to 3.5 percent,”.  The Bank also noted a slowdown in activity in the non-manufacturing sectors, and a decrease in private … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CWA Backs AT&T/T-Mobile Merger

Posted: 06 Sep 2011 11:05 AM PDT

There has been yet another twist in the AT&T Inc. (NYSE:T) and T-Mobile merger story. Recently, the Communications Workers of America (CWA) protested against the Department of Justice (DOJ) after the latter blocked the proposed merger. Earlier in March, AT&T was keen to bring T-Mobile under its fold in a deal that would to be the largest in the wireless industry since 2004.
The workers union, representing more than 700,000 employees in the industry, favors the merger as it would create … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Limited Brands Sales Up

Posted: 06 Sep 2011 11:05 AM PDT

Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products recently posted healthy sales results for the four-week period ended August 27, 2011 on the heels of healthy sales at its Victoria’s Secret Stores and Bath & Body Works.
The owner of Victoria’s Secret Direct and La Senza chains sustained its growth momentum. Limited Brands' comparable-store sales for August 2011 rose 11% compared with a 6% increase in July 2011 and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Guitar Links

Posted: 06 Sep 2011 10:52 AM PDT

1. The 40 Most Influential Rock Guitar Solos, from Guitar Player magazine in June 2011. 

2. The 50 Greatest Guitarists Ever, from the LA Times in 2010, with videos of each one (including the one of Les Paul featured above).

3. Evertune bridge keeps your guitar in tune forever.  

HT: Pete … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up During The U.S. Session

Posted: 06 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 77.54, up 0.85% at time of writing.

The pair was likely to find support at 76.55, Friday's low, and resistance at 77.60, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.72% to hit 1.3997 and GBP/USD falling 1.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Central Bank Of Armenia Cuts Rate 50bps To 8.00%

Posted: 06 Sep 2011 10:38 AM PDT

The Central Bank of Armenia reduced its key refinancing rate by 50 basis points to 8.00% from 8.50% previously.  The Central Bank Board said in its release “Softening of monetary and credit terms are believed to keep inflation within the projected range of fluctuations creating additional impetuses for growth of economic activity”.  The Bank also noted the impact of uncertainty and recent developments in advanced economies, particularly in Europe, and cited deflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Adoption Of Allscripts EHR

Posted: 06 Sep 2011 10:35 AM PDT

Allscripts Healthcare Solutions (NASDAQ:MDRX) recently stated that its Sunrise Enterprise EHR was earlier selected by Springfield Medical Center, an acute care hospital in Mobile, Alabama. It is one of the few Gulf Coast medical facilities to be lately informed it will receive funds from the Medicare program for showing meaningful use of the Electronic Health Record ("EHR").
Springhill is the first medical facility in the area to be a recipient of an EHR incentive check as per the federal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ISM Services Rise Unexpectedly

Posted: 06 Sep 2011 10:35 AM PDT

The Institute for Supply Management's Non-Manufacturing, or Service, survey rose in August to 53.3 from 552.7 in July, and matching its June level. That is much better than the consensus expectation that it would decline to just 51.0.

This is not a great reading in an absolute sense; the July reading was the lowest since January 2010. Still, it is strong evidence that we are not yet in a recession. While just "not being in a recession" does seem to be damning the economy with faint … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shell Eyes S. African Shale Gas

Posted: 06 Sep 2011 10:35 AM PDT

Leading European oil firm Royal Dutch Shell plc (RDS.A) intends to invest approximately $200 million for shale gas exploration in South Africa. However, this proposal is facing stern opposition from local farmers and conservationists over environmental protection.
Shell plans to explore the country's semi-arid Karoo region where a moratorium on oil and gas drilling was issued in April over ecological concerns. Harvesters and environmentalists remain apprehensive that hydraulic fracturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Operation Twist…Fed Compelled To Do Something Along Those Lines”

Posted: 06 Sep 2011 10:25 AM PDT

09/06/11 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s slide in US stocks and ongoing Euro-zone debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Uganda Hikes Rate 200bps To 16.00%

Posted: 06 Sep 2011 10:21 AM PDT

The Bank of Uganda increased its new monetary policy interest rate (the central bank rate [CBR]) by 200 basis points to 16.00% from 14.00% previously.  The BoU will also widen the ban around the CBR to 400bps (keeping 7-day interbank rates within that band), and set the September Rediscount Rate at 21% and the Bank Rate at 22%.  Bank of Uganda Deputy Governor, Louis Kasekende, said: “BoU is raising interest rates in order to curb the growth in bank credit, which has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Mixed At Close; Dax Down 1.00%

Posted: 06 Sep 2011 10:05 AM PDT

Forexpros – European stocks were mixed after the closing bell on Tuesday.

At the close of European trade, Germany's DAX fell 1.00%, London's FTSE 100 gained 1.06%, France's CAC 40 declined 1.13% and the EURO STOXX 50 was down 1.29%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 1.82%; the S&P 500 index shed 1.83%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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