DailyMarkets.com - Credit Line For Hospitality Properties
DailyMarkets.com - Credit Line For Hospitality Properties |
- Credit Line For Hospitality Properties
- Dell Inks OEM And Storage Deals
- Conoco To Prevent Peng Lai Leak
- Hot Option Plays: Watching The GIIPS
- Developers Diversified Re-brands
- U.S. Loses 10 Rigs Over The Week
- Forex – EUR/USD Up On Economic Data
- U.S. Federal Budget Balance Falls Unexpectedly
- Hess, Niko In Indonesian Venture
- AT&T To Launch Mango 4G Devices
- Air Products Expands Korea Plant
- Forex – USD/JPY Down During The U.S. Session
- Invesco’s August AUM Plunges
- Top Appointment At Body Central
- “Still Some Fallout…worst Case EU Scenario”
- Progress Energy Raises Debt
- European Markets Close Higher; Dax Up 1.35%
- Volatility Throughout The Forex Markets On Mixed European Signals
- Alliant Adds New Product Line
- McGraw-Hill Intent To Boost Value
- Broadcom Eyes NetLogic
- Merkel, Sarkozy Conference Tomorrow Key For Greece And EUR
- Nordstrom Stays Neutral
- Still Neutral On Principal Financial
- Roche Seeks Approval For BCC Drug
- Tenet Lowers Earnings Expectation
- Best Buy Misses Estimate
- 30K BofA Workers Get The Axe
- Pepsi Severs Ties With Thai Bottler
- General Dynamics Gets Army Contract
- Covidien Unfolds FY12 View
- Earnings Scorecard: Smithfield
- FDA Okays IsoRay’s GliaSite
- Forex Trading: USDJPY Wanders Back Higher
- Toyota Motor Faces Downgrade
- Hyatt Renews Credit Facility
- Integra Eyes Orthopedics Company
- InterMune’s Esbriet To Launch In EU
- Grainger August Sales Rise 10%
- Raytheon Wins Korean Contract
- Checking On Market Internals For September 13
- Forex Trading: EUR/USD Bearishness Backs Off Support
- Natural Gas Futures Rally With Storm Activity In Focus
- Crude Rallies To Trade Near $90 On Speculation Of A Slide In Stockpiles
- Forex – Dollar Mixed As Euro Finds Support On Greece Hopes
- Wall Street Off To Choppy Start, Amidst Euro Zone Jitters
- AUD/USD: Consolidation Pivots And Breakout Projections
- Forex – GBP/USD Trims Losses But Remains Vulnerable
- Capital One Cash Credit Card – Is 50% Bonus Rewards Worth It?
- Forex – Euro Erases Losses Against Dollar In Choppy Trade
- Australia Adds To Wheat Woes
- All Attention Remains On Possibilty Of Greece Debt Default
- Gold Futures Pare Gains, EU Debt Fears Support
- Forex Trading: EURUSD Finds Resistance At The 1.3721 Area
- Demand For Safety Continues Following Italian Bond Sale
- Crude Oil Extends Gains On Expectations For U.S. Supply Drop
- Is A FICO Score Under 640 The Kiss Of Death In NC?
- Quote Of The Day: A Fundamental Fallacy
- Neutral On Nucor
- EA Set To Revive Syndicate
- Forex Trading: GBPUSD In The Top Half The Days Range
- LMT To Provide Trainers For C-130J
- Stock Market News Briefs: Brady, Broadcom, Colfax, Capital One Financial, Coldwater Creek, Dolby Laboratories, Global Industries, Ltd., ING Group, N.V., McGraw-Hill Companies, NetLogic Microsystems, Research In Motion Limited
- Neutral On Leucadia
- Forex – USD/CAD Bounces Off 2-day Low In Volatile Trade
- Arris Group Still Neutral
- MON To Push Price Amid Food Crisis
- Europe Piles On Market Volatility
- Forex – USD/CHF Trims Gains As Euro Debt Fears Weigh
- Forex Trading: EURUSD Testing Trendline Resistance At 1.3668 Area
- U.S. Stock Futures Point To Weaker Open; Dow Sheds 0.25%
- U.S. Import Prices Decline Less-than-expected In August
- USD/CAD Maintains Bullish Momentum And Structure Despite Failing To Stay Above Parity
- Athenahealth’s Online Dashboard
- Chunghwa Remains Neutral
- Forex – Dollar Remains Broadly Higher Amid Greece Concerns
- Crude Oil Set To Resume Selloff, Gold Outlook Appears Conflicted
- Forex – GBP/USD Pares Losses, Tracking Euro Higher
- Forex – EUR/USD Trims Losses After Merkel Remarks On Greece
- EUR/USD Ranging Between 1.3556 And 1.37
- FDA Lifts Hold On RXi Breast Cancer Vaccine Trial
- Soybean Futures Drop To 2-week Low After USDA Supply Report
- Forex – EUR/JPY Eases Off 10-year Low After Italian Bond Auction
- Euro Stocks Turn Lower As China Hopes Fade; DAX Falls 0.5%
- Belarus Central Bank Hikes Rate 300bps To 30.00%
- Bank Of Mozambique Holds Interest Rate At 16.00%
- Forex – Dollar Broadly Higher On Increased Safe Haven Demand
- U.K. Goods Trade Deficit Holds Steady In July
- U.K. Consumer Price Inflation Rises In Line With Expectations
- Crude Oil Futures Pull Back From 2-day High On Dollar Strength
- Forex – GBP/USD At Multi-month Low As U.K. Inflation Data Eyed
- Forex – USD/JPY Lower As EZ Fears Bolster Safe Haven Demand
- Gold Futures Rebound On Bargain-buying, EZ Debt Woes
- Forex – NZD/USD Slips As Euro Debt Fears Weigh On Risk Appetite
- Forex – AUD/USD Slides As Euro Zone Debt Worries Weigh
- Robert Reich Debunks 6 Big GOP Lies About The Economy
- Asia Stocks Rebound On China Bond-buying Report; Nikkei Up 1%
- Forex – EUR/USD Firms Up On China Debt Buying Hopes
- Bull Of The Day: Macy's, Inc. (M)
- Momentum Stock: Royal Gold, Inc.
- Growth & Income Stock: Schlumberger Limited
- Aggressive Growth Stock: NCR Corp
- Bear Of The Day: Genworth Financial (GNW)
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Down In Asian Trade
- FridayMarketMonitor Podcast
- Forex – Dollar Fades In Mid-day Asian Trade
- Forex – USD/JPY Falls In Mid-day Asian Trade
- Asian Stocks Climb In Early Trade; Nikkei Adds 0.38%
- Crude Oil Rebounds In Early Asian Trade
- Gold Futures Fall In Early Asian Trade
- The Oddness Of The President’s Upcoming Deficit-Reduction Plan
- Forex – EUR/USD Dips In Early Asian Trade
- Forex – EUR/USD Down During The Asian Session
- CNP Swaps Credit Facilities
- McGraw-Hill Separates Businesses
- Hot Option Plays: Market Squeeze
- Risk-Reward Balanced At Micromet
- Forex – NZD/USD Up In Asian Trade
- US Import And Export Prices, NFIB Small Business Optimism Index, Earnings – Best Buy; UK Data – CPI, Trade Balance, House Prices, Retail Price Index
- Stock Setups To Keep An Eye On Tuesday
- Cummins Sells Filtration Biz
- TOTAL’s Caspian Find Holds Promise
- Motorola Mobility Wins New Deal
- CBL To Develop Community Center
- LabCorp-UnitedHealth Extend Pact
- DOW Invests In Australia
- The Permanent Income Hypothesis Versus Temporary Stimulus Measures
- Borders Store No.1 Closes; We Should Celebrate. Powerful Market Foreces Are Working Perfectly
- NYSE Reaffirmed At Neutral
- CSC Wins 10-year Contract
- A Late Rally On Tech Stocks & Debt Purchase Rumors Help The Dow Gain 68 Points Despite Greek Default Concerns
- Forex – EUR/USD Up At The End Of U.S. Session
- Growing Apprehension Over Sovereign Creditworthiness
- BJ’s Wholesale Goes Private
- Forex – USD/JPY Down Toward The End Of U.S. Session
- Know When To Hold ‘em, Know When To Fold ‘em
- Medivation Remains Neutral
- Lululemon Beats Estimate
- SUPERVALU Gets Eco-friendly
- Florida Bank Fails, Tally Hits 71
- Sinopec Remains Evenly Poised
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 0.63%
- Bristol-Myers Takes Over Amira Pharma
- Vale’s Salobo Project Delayed
- Forex – GBP/USD Down During The U.S. Session
- Enzon Downgraded To Sell
- Cognizant Teams With Cambridge
- Forex – USD/CHF Up In U.S. Trading Hours
- Forex – USD/CAD Up In U.S. Trade
- Forex – EUR/USD Down In U.S. Trading Hours
| Credit Line For Hospitality Properties Posted: 13 Sep 2011 12:05 PM PDT Hospitality Properties Trust (NYSE:HPT), a real estate investment trust (REIT), has recently obtained a new unsecured revolving credit facility worth $750 million that is scheduled to mature in September 2015. The new credit facility replaced the existing unsecured revolving credit facility of the same amount that was due to mature in October 2011.
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| Dell Inks OEM And Storage Deals Posted: 13 Sep 2011 12:05 PM PDT Dell Inc. (NASDAQ:DELL) recently announced that a range of hardware including servers from Dell OEM Solutions will be deployed by Tripleplay Services, a leading provider of Internet Protocol television (IPTV), Video Streaming and Digital Signage solutions. Financial terms of the deal were not divulged.
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| Conoco To Prevent Peng Lai Leak Posted: 13 Sep 2011 12:05 PM PDT ConocoPhillips China Inc., a Chinese affiliate of ConocoPhillips (NYSE:COP) got the nod from its partner CNOOC Limited (NYSE:CEO) to advance with depressurization and sealing plans to check sources of leakage in the Peng Lai 19-3 Field. These preventive measures were called for by the State Oceanic Administration of People's Republic of China (SOA).
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| Hot Option Plays: Watching The GIIPS Posted: 13 Sep 2011 11:40 AM PDT Cusick’s Corner
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| Developers Diversified Re-brands Posted: 13 Sep 2011 11:35 AM PDT As part of the strategic move to better mirror the simplified operating metrics of the company, which focus primarily on open-air, value-oriented shopping centers, Developers Diversified Realty Corporation (NYSE:DDR), a real estate investment trust (REIT), has recently initiated a new re-branding project.
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| U.S. Loses 10 Rigs Over The Week Posted: 13 Sep 2011 11:35 AM PDT In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily attributed to a decrease in the tally of land rigs.
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| Forex – EUR/USD Up On Economic Data Posted: 13 Sep 2011 11:15 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance. EUR/USD was trading at 1.3719, up 0.29% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.4089, Thursday's high. Earlier in the day, official data showed that The U.S. federal budget balance fell unexpectedly to a seasonally adjusted -134.2B last month from -129.4B in the preceding month. Analysts had expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Federal Budget Balance Falls Unexpectedly Posted: 13 Sep 2011 11:10 AM PDT Forexpros – The U.S. federal budget balance fell unexpectedly last month, official data showed on Tuesday. In a report, Department of the Treasury said that U.S. federal budget balance fell to a seasonally adjusted -134.2B, from -129.4B in the preceding month. Analysts had expected U.S. federal budget balance to rise to -126.5B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Hess, Niko In Indonesian Venture Posted: 13 Sep 2011 11:02 AM PDT Hess Corporation (NYSE:HES) has entered into a joint venture agreement with Canadian explorer Niko Resources Ltd. for the development of an Indonesia project. The contract is pending approval from the Indonesian government and the companies did not disclose any financial terms.
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| AT&T To Launch Mango 4G Devices Posted: 13 Sep 2011 10:50 AM PDT The second largest U.S. wireless provider AT&T Inc. (NYSE:T) intends to launch three new 4G phones from Samsung and HTC.
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| Air Products Expands Korea Plant Posted: 13 Sep 2011 10:50 AM PDT Air Products & Chemicals Inc. (NYSE:APD), a company serving customers in technology, energy, healthcare and industrial markets worldwide, has planned to increase the production capacity of nitrogen trifluoride (NF3) by expanding its Ulsan, Korea facility. The new capacity is anticipated to start operations in the latter half of 2012.
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| Forex – USD/JPY Down During The U.S. Session Posted: 13 Sep 2011 10:45 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 76.85, down 0.47% at time of writing. The pair was likely to find support at 76.76, Monday's low, and resistance at 77.86, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.33% to hit 1.3725 and GBP/USD falling 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 10:35 AM PDT Invesco Ltd. (NYSE:IVZ) reported its preliminary month-end assets under management (AUM) for the month of August 2011. Its AUM for the reported month dropped 3.6% to $629.4 billion from $652.8 billion at the end of July 2011, mainly due to the effects of negative market returns. Also, the foreign exchange lowered the AUM by $1.5 billion during the month under review.
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| Top Appointment At Body Central Posted: 13 Sep 2011 10:35 AM PDT Body Central Corp. (BODY) recently announced the appointment of Tom Stoltz as its executive vice president, chief financial officer (CFO) and treasurer effective September 26. Stoltz, who served some leading names in retail earlier, succeeds Richard L. Walters, who is no longer with the company.
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| “Still Some Fallout…worst Case EU Scenario” Posted: 13 Sep 2011 10:16 AM PDT 09/13/11 Meridian Equity Partners’ Stephen Guilfoyle weighs in on the euro zone debt crisis and FOMC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 10:10 AM PDT Power utility company Progress Energy Inc. (NYSE:PGN) issued $500 million first mortgage bonds yielding 3.0% interest per year and maturing on September 15, 2021. The company has received a secure rating of 'A1' from Moody’s Investors Service, 'A' from Standard & Poor’s and 'A+' from Fitch Ratings for the new issue.
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| European Markets Close Higher; Dax Up 1.35% Posted: 13 Sep 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 1.35%, London's FTSE 100 gained 0.87%, France's CAC 40 climbed 1.41% and the EURO STOXX 50 was up 2.09%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.19%; the S&P 500 index gained 0.68%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Volatility Throughout The Forex Markets On Mixed European Signals Posted: 13 Sep 2011 10:00 AM PDT 09/13/11 The euro has experienced a rollar coaster trading session as mixed reports concerning a greek default, eurozone intervention, and the purchase of Italian bonds has kept the euro fluctuating all … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 09:55 AM PDT Alliant Techsystems Inc. (NYSE:ATK) said that it is partnering a Polish company for selling energetic products (explosives) manufactured by that company. Alliant has signed a long-term international distribution deal with Zaklady Chemiczne, also known as Nitro-Chem.
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| McGraw-Hill Intent To Boost Value Posted: 13 Sep 2011 09:55 AM PDT With intent of boosting the shareholders value The McGraw-Hill Companies Inc (NYSE:MHP), recently announced extensive growth and value measures, including the separation of the company into two independent companies, McGraw-Hill Markets and McGraw-Hill Education.
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| Posted: 13 Sep 2011 09:55 AM PDT Leading chipmaker Broadcom Corporation (NASDAQ:BRCM) recently announced that it will acquire NetLogic Microsystems or $3.7 billion or $50 per share.
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| Merkel, Sarkozy Conference Tomorrow Key For Greece And EUR Posted: 13 Sep 2011 09:52 AM PDT The euro, which had been sold off at the end of last week, has finally found some stabilization as we move through Tuesday's New York trading session. However overnight we also had positive development in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 09:36 AM PDT We have maintained our long-term Neutral recommendation on Nordstrom Inc. (NYSE:JWN) with a target price of $47.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
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| Still Neutral On Principal Financial Posted: 13 Sep 2011 09:36 AM PDT Principal Financial Group Inc. (NYSE:PFG) continues to post solid growth in assets under management. Also, the company continues to effectively deploy $1 billion of capital. Moreover, Principal Financial scores strongly with the credit rating agency.
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| Roche Seeks Approval For BCC Drug Posted: 13 Sep 2011 09:36 AM PDT Roche Holdings Ltd. (RHHBY) recently announced that it submitted New Drug Application (NDA) with the US Food and Drug Administration (FDA) seeking approval of vismodegib for the treatment of patients with advanced basal cell carcinoma (BCC) whose lesions could not be operated, or for whom surgery would result in substantial deformity.
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| Tenet Lowers Earnings Expectation Posted: 13 Sep 2011 09:36 AM PDT Yesterday, Tenet Healthcare Corp. (NYSE:THC) announced reduced earnings projections for the rest of 2011. Accordingly, the company's 2011 earnings before interest, taxes, depreciation and amortization (EBITDA) are expected to be toward the lower end of the previously announced guideline of $1.175–$1.275 billion. Additionally, EBITDA for the third quarter of 2011 is expected to be almost at par with $203 million in the year-ago quarter.
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| Posted: 13 Sep 2011 09:05 AM PDT Best Buy Company Inc. (NYSE:BBY), the leading specialty retailer of consumer electronic products, recently posted weaker-than-expected second-quarter 2012 results. The quarterly earnings of 47 cents a share missed the Zacks Consensus Estimate of 53 cents and plunged 21.7% from 60 cents earned in the prior-year quarter.
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| Posted: 13 Sep 2011 09:05 AM PDT In a statement released on Monday, Bank of America Corp. (NYSE:BAC) confirmed its plan to retrench about 30,000 workers under the first phase of its ongoing cost-cutting initiative –– Project New BAC. This will reduce BofA's 288,000 work force by 10%. According to the company, many of these layoffs are expected to come through attrition and elimination of unfilled positions.
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| Pepsi Severs Ties With Thai Bottler Posted: 13 Sep 2011 09:05 AM PDT Pepsico Inc. (NYSE:PEP), the leading soft drinks and beverage retailer has agreed to sell the 41.5% stake in Bangkok-based soft-drink maker and bottler, Serm Suk for $213 million. Thai Beverage (ThaiBev), a beverage alcohol company in South East Asia, supported Pepsico's plan by announcing its offer to buy Serm Suk for $513 million.
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| General Dynamics Gets Army Contract Posted: 13 Sep 2011 09:05 AM PDT General Dynamics C4 Systems Inc., a business unit of General Dynamics Corporation (NYSE:GD) was awarded a contract for the Common Hardware Systems-4 (CHS-4) program by the U.S. Army Contracting Command – Aberdeen Proving Ground, Maryland.
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| Posted: 13 Sep 2011 09:05 AM PDT Leading healthcare products maker Covidien plc (NYSE:COV) has revealed its financial forecast for fiscal 2012. In a recent investor meet, the Ireland-based company stated that it envisages net sales for the year to leap 3%-5% year over year (assuming current foreign exchange rates).
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| Earnings Scorecard: Smithfield Posted: 13 Sep 2011 09:05 AM PDT On September 8, 2011, the world's largest pork and hog producer, Smithfield Foods Inc. (NYSE:SFD) announced its financial results for the first quarter of 2012.
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| Posted: 13 Sep 2011 09:05 AM PDT IsoRay Inc (ISR), which makes the Cesium-131 internal radiation therapy (brachytherapy) isotope, has secured the green signal of the U.S. Food and Drug Administration ("FDA") for its GliaSite radiation therapy system, a balloon catheter used in treating brain cancer. The Washington-based company's shares spiked 21% following the news on September 12.
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| Forex Trading: USDJPY Wanders Back Higher Posted: 13 Sep 2011 08:41 AM PDT |
| Posted: 13 Sep 2011 08:41 AM PDT Recently, Fitch Ratings downgraded Toyota Motor Corporation's (NYSE:TM) debt owing to the company's structural shortcomings mostly related to currency fluctuations. Fitch also lowered Toyota Motor’s senior unsecured debt and its long-term foreign and local currency issuer default ratings to "A" from "A+" issuer. However, the ratings agency maintained its "Stable" outlook on the company.
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| Posted: 13 Sep 2011 08:41 AM PDT Hyatt Hotels Corporation (H) recently announced that it has renewed and extended its unsecured revolving credit facility. The company has renewed its credit facility with a consortium of key relationship banks.
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| Integra Eyes Orthopedics Company Posted: 13 Sep 2011 08:41 AM PDT Medical devices maker, Integra LifeScience Holdings Corporation (NASDAQ:IART) recently signed an agreement to acquire Ascension Orthopedics, Inc, for approximately $65 million in cash (subject to adjustment). Based in Texas, Ascension primarily manufactures innovative foot, hand and shoulder implants. Integra expects to close the deal by the end of September, subject to customary closing conditions.
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| InterMune’s Esbriet To Launch In EU Posted: 13 Sep 2011 08:40 AM PDT InterMune Inc.(NASDAQ:ITMN) recently announced that its lead drug Esbriet (pirfenidone), indicated for the treatment of idiopathic pulmonary fibrosis (IPF), will be launched in Germany on September 15, 2011. Germany will be the first country to witness the launch of Esbriet, which received marketing approval in the European Union (EU) in March 2011.
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| Grainger August Sales Rise 10% Posted: 13 Sep 2011 08:40 AM PDT W.W. Grainger Inc. (NYSE:GWW) reported August sales growth of 10% on a year-over-year basis. Grainger continues to post double digit growth in sales. Favorable foreign exchange has added one percentage point to growth.
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| Posted: 13 Sep 2011 08:40 AM PDT Defense contractor Raytheon Company (NYSE:RTN) won a $65.5 million contract to deliver five Phalanx Block 1B Close-In Weapon Systems to the Korean Navy. The direct commercial sale calls for the systems to be installed on the 2,300-ton frigate-class ships starting in April 2013, and represents Phalanx’s largest sale to the Republic of Korea's naval fleet.
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| Checking On Market Internals For September 13 Posted: 13 Sep 2011 08:26 AM PDT What are Market Internals revealing about the current position of the S&P 500? Let's take the somewhat busy chart step-by-step for clarification. $ADD = NYSE Breadth (the number of advancing issues on the session minus declining issues)
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| Forex Trading: EUR/USD Bearishness Backs Off Support Posted: 13 Sep 2011 08:06 AM PDT EUR/USD (daily chart) as of Tuesday (9/13/2011) has reached and respected key support in the important 1.3500 price region, a round number psychological level that has served well as previous support and resistance in the past. This support bounce occurred just a few pips below the 1.3500 level, and hints at a potential pullback in the dramatic bearishness that has characterized this pair for the month of September thus far. Prior to the current bounce, this month's bearishness made a swift … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Rally With Storm Activity In Focus Posted: 13 Sep 2011 08:02 AM PDT Forexpros – Natural gas futures rallied to a three-day high on Tuesday, climbing above the psychologically important USD4.00-level as traders focused on storm activity in the Gulf of Mexico. On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD4.002 per million British thermal units during U.S. morning trade, rallying 3%. It earlier rose as much as 3.1% to trade at USD4.018 per million British thermal units, the highest price since September 8. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Rallies To Trade Near $90 On Speculation Of A Slide In Stockpiles Posted: 13 Sep 2011 08:00 AM PDT 09/13/11 Front month crude prices experienced quite the rise this morning, trading near $90 a barrel, following a weaker dollar and speculation of a slide in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Mixed As Euro Finds Support On Greece Hopes Posted: 13 Sep 2011 07:59 AM PDT Forexpros – The U.S. dollar was mixed against its major counterparts in volatile trade on Tuesday, while the euro found support amid signs of progress in resolving the sovereign debt crisis engulfing the single currency bloc. During U.S. morning trade, the greenback dipped against the euro, with EUR/USD inching up 0.03% to hit 1.3683. The euro erased losses earlier after German Chancellor Angela Merkel said she was "very optimistic" that Finland's demands for special collateral as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wall Street Off To Choppy Start, Amidst Euro Zone Jitters Posted: 13 Sep 2011 02:50 AM PDT 09/13/11 US stocks saw choppy trading, as the latest economic data and developments in euro zone were digested. Best Buy slid on Q2 profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| AUD/USD: Consolidation Pivots And Breakout Projections Posted: 13 Sep 2011 07:49 AM PDT AUD/USD The AUD/USD is consolidating this week after a slide from last week's pivot at 1.0660 to this week's low so far at 1.0255.
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| Forex – GBP/USD Trims Losses But Remains Vulnerable Posted: 13 Sep 2011 07:47 AM PDT Forexpros – The pound trimmed losses against the U.S. dollar on Tuesday, pulling away from a seven-and-a-half month low, tracking the euro higher but sterling remained vulnerable amid speculation over fresh easing by the Bank of England. GBP/USD pulled back from 1.5763, the pair's lowest since January 25, to hit 1.5811 during U.S. morning trade, still down 0.30% on the day. Cable was likely to find short-term support at 1.5763, the days low and resistance at 1.5885, Monday's high. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Capital One Cash Credit Card – Is 50% Bonus Rewards Worth It? Posted: 13 Sep 2011 07:35 AM PDT The Capital One Cash Credit Card is a new rewards credit card issued by Capital One (NYSE:COF) for those of you who have excellent credit and want to earn rewards for every dollar you spend. Something I like about this MasterCard (NYSE:MA) is that it gives you a 50% anniversary bonus each year when you renew your card – a feature not commonly seen in most rewards cards. In this review of Capital One Cash credit card, I will give you a better idea of its main benefits and tell you what to watch out … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Euro Erases Losses Against Dollar In Choppy Trade Posted: 13 Sep 2011 07:34 AM PDT Forexpros – The euro erased losses against the U.S. dollar in choppy trade on Tuesday, as the single currency found support amid signs of progress on resolving the sovereign debt crisis in the single currency bloc. EUR/USD clawed back up from 1.3559, the daily low to hit 1.3690 during U.S. morning trade, easing up 0.09%. The pair was likely to find support at 1.3493, Monday's low and a seven-month low and resistance at 1.3860, the high of February 2. The euro was boosted after German … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 07:32 AM PDT Tuesday, September 13th 2011
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| All Attention Remains On Possibilty Of Greece Debt Default Posted: 13 Sep 2011 02:30 AM PDT 09/13/11 NYFP’s Morning Market Report: Greece debt default concerns continue to grow, France denies reports of Franco-German initiative on Greece, rumors of Italian bond purchase by China shot down, & French inflation near 3-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Pare Gains, EU Debt Fears Support Posted: 13 Sep 2011 07:29 AM PDT Forexpros – Gold futures pared gains on Tuesday, pulling back from a daily high in volatile trade as markets continued to focus on the euro zone's sovereign debt crisis. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,814.05 a troy ounce during U.S. morning trade, easing up 0.19%. It earlier rose as much as 1.06% to trade at a daily high of USD1,836.15 a troy ounce. Concerns over the euro zone's debt crisis remained in focus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Finds Resistance At The 1.3721 Area Posted: 13 Sep 2011 07:17 AM PDT The EURUSD extended to the upside and worked its way to the 1.3721 target area. This is the 38.2% of the last leg to the upside (see PRIOR POST). The high came in at the 1.3725 level and has reverxed back lower. The price is back testing the 1.3700 level.
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| Demand For Safety Continues Following Italian Bond Sale Posted: 13 Sep 2011 07:08 AM PDT Fundamental Headlines
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| Crude Oil Extends Gains On Expectations For U.S. Supply Drop Posted: 13 Sep 2011 07:07 AM PDT Forexpros – Crude oil futures extended gains on Tuesday, hovering close to USD90 a barrel amid speculation U.S. crude stockpiles dropped significantly last week after storms disrupted production in the Gulf of Mexico. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD89.81 a barrel during U.S. morning trade, jumping 1.81%. It earlier rose as much as 1.9% to trade at USD89.89 a barrel, the highest price since September 8. Markets were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Is A FICO Score Under 640 The Kiss Of Death In NC? Posted: 13 Sep 2011 07:05 AM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Quote Of The Day: A Fundamental Fallacy Posted: 13 Sep 2011 07:01 AM PDT A fundamental fallacy is the notion that politicians can “grow the economy” by taking money out of the private sector and spending it wherever it is politically expedient to spend it — so long as they call spending “investment.” ~Thomas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 06:55 AM PDT We maintain our Neutral recommendation on Nucor Corporation (NYSE:NUE), the largest producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the U.S.
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| Posted: 13 Sep 2011 06:55 AM PDT Video game developer and publisher, Electronic Arts Inc (ERTS), popularly known as EA, recently unveiled the first-person shooter franchisee Syndicate. This is a remake of the original game by Bullfrog productions, which was last published in 1996.
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| Forex Trading: GBPUSD In The Top Half The Days Range Posted: 13 Sep 2011 06:47 AM PDT The GBPUSD has been moving higher and lower in the NY session around the midpoint of the days range at the 1.5814 level (see chart below). The hourly chart above shows resistance againt the 1.5858 level on the sideways to down channel. The downside support off the same chart comes in at the 1.5749 level. That line was tested on 3 separate occasions and each time the market price bounced.
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| LMT To Provide Trainers For C-130J Posted: 13 Sep 2011 06:35 AM PDT Lockheed Martin Corporation (NYSE:LMT) has received an $84.3 million contract from the U.S. Air Force, under which the company will deliver four weapons systems trainers for aircrew instruction and will also provide program management and engineering services. Basically, the contract is to provide training to people, who maintain and fly the C-130J cargo plane under the Maintenance and Aircrew Training System (MATS) II program.
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| Posted: 13 Sep 2011 06:35 AM PDT Share prices of semiconductor company NetLogic Microsystems (NASDAQ:NETL) spiked up 50.80% to close at $48.12 after Broadcom Corp. (NASDAQ:BRCM) announced its decision to buy the company for about $3.7 billion Board of directors of McGraw-Hill Companies (NYSE:MHP) has approved a plan to separate the company into two different public companies. Following the development, shares of the company rose 3.98% Research in Motion (NASDAQ:RIMM) has entered into … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 06:35 AM PDT We recently maintained our Neutral recommendation on Leucadia National Corporation (NYSE:LUK).
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| Forex – USD/CAD Bounces Off 2-day Low In Volatile Trade Posted: 13 Sep 2011 06:33 AM PDT Forexpros – The U.S. dollar pared losses against its Canadian counterpart on Tuesday, bouncing off a two-day low in volatile trade as markets continued to focus on the euro zone's sovereign debt crisis. USD/CAD clawed back from 0.9892, the lowest since September 9, to trade at 0.9914 during U.S. morning trade, still down 0.13% on the day. The pair was likely to find support at 0.9829, the low of September 8 and resistance at 1.0026, Monday's high and an eight-month high. Concerns over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 13 Sep 2011 06:05 AM PDT We reaffirm our long-term Neutral recommendation on Arris Group Inc. (NASDAQ:ARRS). The company posted mixed financial results for the second quarter of 2011. Arris is a major provider of infrastructure solutions for broadband networks. The company's success is mostly dependent on the cable MSOs decision to install new networks or upgrade the existing networks. If the cable operators fail to compete effectively with other pay-TV service providers, then it will significantly affect Arris' future … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| MON To Push Price Amid Food Crisis Posted: 13 Sep 2011 06:05 AM PDT World's largest seed company, Monsanto Co. (NYSE:MON), announced to raise prices for its DeKalb brand of corn seeds in 2012 by an average of 5% to 10% amid the present worldwide food crisis.
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| Europe Piles On Market Volatility Posted: 13 Sep 2011 06:05 AM PDT With nothing major on the U.S. economic calendar, stocks will likely again be reflecting the developments, or lack thereof, from across the pond in Europe. The debt problems in Europe remain a major source of headline risk for the market. The extreme market volatility on Monday was a function of Europe and we will likely get more of the same today. I find it difficult to buy into some of the extreme calls about Europe, such as that Greece will default or that it will be kicked out of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Trims Gains As Euro Debt Fears Weigh Posted: 13 Sep 2011 06:04 AM PDT Forexpros – The U.S. dollar trimmed gains against the Swiss franc on Tuesday, pulling back from the daily high as concerns over a sovereign debt default by Greece mounted, boosting demand for safe haven assets. USD/CHF pulled back from 0.8879, the daily high, to hit 0.8815 during European afternoon trade, still up 0.16% on the day. The pair was likely to find short-term support at 0.8705, last Friday's low and resistance at 0.8927, Monday's high and a four-month high. German Chancellor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Testing Trendline Resistance At 1.3668 Area Posted: 13 Sep 2011 05:55 AM PDT On the daily chart in the EURUSD, the 1.3668 level represents the underside of the trendline extending from the lows in May and July. THe level comes in at the 1.3668 level and the price today has extended above the level on two separate occasions today. The price is now back below the level, but the market action remains choppy. Keep an eye on this level for clues as to direction. If the price is not able to move back above, the downside is favored. A move back above and the price could scoot … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stock Futures Point To Weaker Open; Dow Sheds 0.25% Posted: 13 Sep 2011 05:43 AM PDT Forexpros – U.S. stock futures pointed to a weaker open on Tuesday, as lingering concerns over the euro zone's sovereign debt crisis continued to weigh on market sentiment. Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.25%, the S&P 500 futures indicated a modest decline of 0.15%, while the Nasdaq 100 futures pointed to a 0.1% drop. Stock futures trimmed losses after official data showed that U.S. import prices fell by 0.4% in August, beating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Import Prices Decline Less-than-expected In August Posted: 13 Sep 2011 05:37 AM PDT Forexpros – U.S. import prices declined less-than-expected in August, official data showed on Tuesday. In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by 0.4% in August, after rising by 0.3% in July. Analysts had expected U.S. import prices to fall by 0.8% in August. Year-over-year, U.S. import prices rose at an annualized rate of 13.0% in August, above expectations for a 12.5% increase, after rising at a rate of 14.0% in July. Following the release of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| USD/CAD Maintains Bullish Momentum And Structure Despite Failing To Stay Above Parity Posted: 13 Sep 2011 05:26 AM PDT Previous: USD/CAD Cracks Parity; What's Next? (9/12) The USD/CAD was rejected from rallying above 1.0, parity level.
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| Athenahealth’s Online Dashboard Posted: 13 Sep 2011 05:25 AM PDT Leading vendor of cloud-based services for physician practices, Athenahealth (NASDAQ:ATHN) recently unveiled its new online dashboard to inform viewers about the performance of doctors on its network against the meaningful use parameter. Viewers of this dashboard, which will be updated regularly, will glean important data regarding how medical practitioners, taking part in the company's meaningful use disbursement program, are progressing toward satisfying the requirements.
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| Posted: 13 Sep 2011 05:25 AM PDT We reaffirm our Neutral recommendation on Chunghwa Telecom Co. Ltd. (NYSE:CHT) following its solid performance in the second quarter of 2011. Chunghwa is the dominant telecom operator in Taiwan. It holds 80% of broadband market share, coupled with 96% of local fixed-line and 77% of long-distance fixed-line market share.
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| Forex – Dollar Remains Broadly Higher Amid Greece Concerns Posted: 13 Sep 2011 05:14 AM PDT Forexpros – The U.S. dollar trimmed gains but remained broadly higher against its major counterparts on Tuesday, as reports of an impending joint statement on Greece by German Chancellor Angela Merkel and French President Nicolas Sarkozy were denied. During European afternoon trade, the greenback was up against the euro, with EUR/USD down 0.21% to hit 1.3648. The single currency rose to the session high against the greenback earlier, amid expectations that the German and French leaders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Set To Resume Selloff, Gold Outlook Appears Conflicted Posted: 13 Sep 2011 04:52 AM PDT Talking Points Crude Oil Likely to Fall as S&P 500 Futures Point to Risk Aversion WTI Crude Oil (NY Close): $88.19 // +0.95 // +1.09%
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| Forex – GBP/USD Pares Losses, Tracking Euro Higher Posted: 13 Sep 2011 04:44 AM PDT Forexpros – The pound trimmed losses against the U.S. dollar on Tuesday, easing off a seven-and-a-half month low, but gains were limited after inflation data released earlier failed to dampen speculation over further easing by the Bank of England. GBP/USD pulled back from 1.5761, the pair's lowest since January 25, to hit 1.5822 during European afternoon trade, still down 0.25% on the day. Cable was likely to find support at 1.5582, the low of January 12 and resistance at 1.5885, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Trims Losses After Merkel Remarks On Greece Posted: 13 Sep 2011 04:27 AM PDT Forexpros – The euro trimmed losses against the U.S. dollar on Tuesday, easing off the daily low after German Chancellor Angela Merkel said the top priority for policymakers was to avoid an “uncontrolled insolvency” for Greece. EUR/USD pulled away from 1.3559, the daily low, to hit 1.3667 during European early afternoon trade, down just 0.08% on the day. The pair was likely to find support at 1.3493, Monday's low and a seven-month low and resistance at 1.3860, the high of February 2. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| EUR/USD Ranging Between 1.3556 And 1.37 Posted: 13 Sep 2011 04:10 AM PDT Prev: EUR/USD Finds Support at 1.35 with Room for a Corrective Rally to 1.3745 (9/12) The EUR/USD has been consolidating to start the week. After a low of 1.3498, the market rallied to find resistance at 1.3695. (Roughly a bounce from 1.35 to 1.37.
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| FDA Lifts Hold On RXi Breast Cancer Vaccine Trial Posted: 13 Sep 2011 04:00 AM PDT Grant Zeng, CFA On September 12, 2011, RXi Pharmaceuticals Corporation (RXII) announced a clinical trial update on its lead program, NeuVax (E75 peptide vaccine with GM-CSF adjuvant), a cancer immunotherapy targeted for low-to-intermediate HER2 expressing breast cancer patients not eligible for trastuzamab (Herceptin). RXi received official notification from the U.S. Food and Drug Administration (FDA) that the Chemistry, Manufacturing, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Soybean Futures Drop To 2-week Low After USDA Supply Report Posted: 13 Sep 2011 03:43 AM PDT Forexpros – Soybean futures dropped to two-week low on Tuesday, extending sharp losses from the previous session after the U.S. Department of Agriculture unexpectedly raised its forecast for U.S. soybean production. On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD13.8850 a bushel during European morning trade, dropping 0.83%. It earlier fell as much as 1.11% to trade at USD13.8262 a bushel, the lowest price since August 26. The USDA said in its World … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Eases Off 10-year Low After Italian Bond Auction Posted: 13 Sep 2011 03:24 AM PDT Forexpros – The euro pared losses against the yen on Tuesday, pulling back from an almost 10-year low, amid speculation that the European Central Bank was buying Italian government debt after the country's borrowing costs surged to a euro-lifetime high. EUR/JPY pulled away from 104.39, the daily low, to hit 105.15 in European morning trade, still down 0.45% on the day. The pair was likely to find support at 103.91, Monday's low and the pair's lowest since late December 2000 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Stocks Turn Lower As China Hopes Fade; DAX Falls 0.5% Posted: 13 Sep 2011 02:18 AM PDT Forexpros – European stock markets gave up early gains to trade sharply lower on Tuesday, as markets awaited a closely-watched Italian bond auction, while French lenders tumbled amid fears of an imminent credit downgrade. During European morning trade, the EURO STOXX 50 tumbled 1.3%, France's CAC 40 sank 1.8%, while Germany's DAX 30 dropped 0.5%. European equities opened higher amid reports that Italy’s Finance Ministry held talks with Chinese officials about "significant" purchases … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Belarus Central Bank Hikes Rate 300bps To 30.00% Posted: 13 Sep 2011 02:16 AM PDT The National Bank of the Republic of Belarus raised its refinancing rate by 300 basis points to 30.00% from 27.00% on the 14th of September. The Bank said [translated]: “The consistent increase in the cost of borrowed money in the economy is intended to provide a further deterrent effect on customers’ demand for credit resources of banks for the period of release on a single course. At the same time, increasing the refinancing rate will be an additional factor in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bank Of Mozambique Holds Interest Rate At 16.00% Posted: 13 Sep 2011 02:00 AM PDT The Bank of Mozambique held its standing facility lending interest rate at 16.00%. The Bank said [translated]: “The Monetary Policy Committee believes that the Mozambican economy progresses in line with the main macroeconomic targets set for 2011, to evaluate reported interim results for the first half of the year and the projected short- and medium in which the analysis is based, even if the risks outweigh global economic slowdown. The exchange rate developments that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Broadly Higher On Increased Safe Haven Demand Posted: 13 Sep 2011 01:46 AM PDT Forexpros – The U.S. dollar was higher against most of its major counterparts on Tuesday, as fears over the debt crisis in the euro zone intensified, causing investors to spurn riskier assets. During European morning trade, the greenback was up against the euro, with EUR/USD falling 0.67% to hit 1.3586. The euro was pressured lower amid doubts that China would support Italy by buying its government debt, following earlier reports to the contrary. Italy was due to auction up to EUR7 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. Goods Trade Deficit Holds Steady In July Posted: 13 Sep 2011 01:44 AM PDT Forexpros – The U.K.'s goods trade deficit was unchanged in July, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said the country’s goods trade deficit held steady at a seasonally adjusted GBP8.9 billion in July, confounding expectations for a deficit of GBP8.5 billion. The report said that the total trade deficit was unchanged at GBP4.5 billion in July. Analysts had expected the total trade deficit to narrow to GBP4.2 billion. Export prices of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.K. Consumer Price Inflation Rises In Line With Expectations Posted: 13 Sep 2011 01:39 AM PDT Forexpros – Consumer price inflation in the U.K. rose in line with expectations in August, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation accelerated to 4.5% in August from 4.4% in July, broadly in line with market expectations. Month-over-month, consumer price inflation rose 0.6%, in line with expectations. The rate of inflation was more than double the Bank of England's 2.0% target. The BOE Governor is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Pull Back From 2-day High On Dollar Strength Posted: 13 Sep 2011 01:30 AM PDT Forexpros – Crude oil futures erased gains on Tuesday, retreating from a two-day high as a broadly stronger U.S. dollar reduced the appeal of commodities, while lingering fears over the euro zone's debt crisis also weighed. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD87.97 a barrel during European morning trade, shedding 0.26%. It earlier fell as much as 0.41% to trade at a daily low of USD87.83 a barrel. Ongoing fears over a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD At Multi-month Low As U.K. Inflation Data Eyed Posted: 13 Sep 2011 01:06 AM PDT Forexpros – The pound fell to a seven-and-a-half month low against the U.S. dollar on Tuesday, as fears over the debt crisis in the euro zone intensified, boosting demand for the safe haven dollar. GBP/USD hit 1.5763 during early European trade, the pair’s lowest since January 25; the pair subsequently consolidated at 1.5773, shedding 0.56%. Cable was likely to find support at 1.5582, the low of January 12 and resistance at 1.5885, Monday's high. Earlier in the day, a report in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Lower As EZ Fears Bolster Safe Haven Demand Posted: 13 Sep 2011 12:50 AM PDT Forexpros – The U.S. dollar was lower against the yen on Tuesday, as mounting fears over a debt default by Greece and concerns over contagion in the euro zone supported demand for the traditional safe haven yen. USD/JPY hit 76.92 during late Asian trade, the daily low; the pair subsequently consolidated at 76.94, shedding 0.35%. The pair was likely to find support at 76.52, the low of September 2 and resistance at 77.58, Monday's high. Earlier in the day, market sentiment was boosted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Rebound On Bargain-buying, EZ Debt Woes Posted: 13 Sep 2011 12:29 AM PDT Forexpros – Gold futures regained strength on Tuesday, as the previous day's sharp drop created buying opportunities for investors, while lingering fears over the euro zone's sovereign debt crisis continued to support prices. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,823.55 a troy ounce during late Asian trade, climbing 0.72%. It earlier rose as much as 1.06% to trade at a daily high of USD1,836.15 a troy ounce. On … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – NZD/USD Slips As Euro Debt Fears Weigh On Risk Appetite Posted: 13 Sep 2011 12:19 AM PDT Forexpros – The New Zealand dollar was lower against its U.S. counterpart on Tuesday, slipping to a daily low as fears over the deepening sovereign debt crisis in the euro zone saw investors shun riskier assets. NZD/USD hit 0.8200 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8224, slipping 0.06%. The pair was likely to find support at 0.8117, Monday's low and a one-month low and resistance at 0.8370, last Friday's high. The New Zealand dollar briefly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Slides As Euro Zone Debt Worries Weigh Posted: 13 Sep 2011 12:07 AM PDT Forexpros – The Australian dollar was down against its U.S. counterpart on Tuesday, as uncertainty over the euro zone debt crisis and concerns over the outlook for global growth continued to weigh on risk appetite. AUD/USD hit 1.0304 during late Asian trade, the daily low; the pair subsequently consolidated at 1.0325, slipping 0.20%. The pair was likely to find support at 1.0255, Monday's low and a one-month low and resistance at 1.0440, Monday's high. The Aussie rose to the session … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Robert Reich Debunks 6 Big GOP Lies About The Economy Posted: 12 Sep 2011 11:44 PM PDT Robert Reich Debunks 6 Big GOP Lies About The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asia Stocks Rebound On China Bond-buying Report; Nikkei Up 1% Posted: 12 Sep 2011 11:43 PM PDT Forexpros – Asian stock markets were broadly higher on Tuesday, as investors entered the market for bargain hunting following the previous day's steep decline, while reports that China might purchase Italian bonds helped lift sentiment. During late Asian trade, Australia's ASX/200 Index rose 0.84%, Japan's Nikkei 225 Index climbed 0.98%, while Hong Kong’s Hang Seng Index remained closed for a public holiday. The Financial Times reported Monday that Italy's government was in talks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Firms Up On China Debt Buying Hopes Posted: 12 Sep 2011 11:31 PM PDT Forexpros – The euro firmed up against the U.S. dollar on Tuesday, amid hopes that China would buy Italian sovereign debt, but growing fears over a Greek default and the possibility of ratings cuts on major French banks saw the single currency remain under pressure. EUR/USD hit 1.3621 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3692, easing up 0.08%. The pair was likely to find support at 1.3493, Monday's low and a seven-month low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bull Of The Day: Macy's, Inc. (M) Posted: 12 Sep 2011 11:05 PM PDT Macy’s, Inc. (NYSE:M) has been taking prudent steps to increase sales, profitability and cash flows, which include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic, Macy’s continues to focus on price optimization, inventory management and merchandise planning.
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| Momentum Stock: Royal Gold, Inc. Posted: 12 Sep 2011 11:05 PM PDT Royal Gold, Inc. (NASDAQ:GOLD) has seen huge gains over the last two months, with shares up as much as 30% as gold hit a series of new all-time highs. With estimates on the rise and gold fever running strong, this Zacks #1 Rank stock is at the top of the momentum chart.
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| Growth & Income Stock: Schlumberger Limited Posted: 12 Sep 2011 11:05 PM PDT Management at Schlumberger Limited (NYSE:SLB) gave a bullish outlook following better-than-expected second quarter results.
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| Aggressive Growth Stock: NCR Corp Posted: 12 Sep 2011 11:05 PM PDT NCR Corp (NYSE:NCR) is showing a good combination of steady growth projections and attractive valuations. Many investors are afraid of aggressive stocks right now, but this could be a great opportunity to pick up shares.
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| Bear Of The Day: Genworth Financial (GNW) Posted: 12 Sep 2011 11:05 PM PDT Genworth Financial’s (NYSE:GNW) second quarter operating loss wider than the Zacks Consensus Estimate loss. A substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, partially offset by better results at Retirement & Protection and at International, resulted in the company’s soft performance. We expect mortgage insurance business to remain pressured.
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| Forex – EUR/USD Down During The Asian Session Posted: 12 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3666, down 0.10% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.4089, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.01% to hit 0.8623 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Down In Asian Trade Posted: 12 Sep 2011 10:25 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5858, down 0.03% at time of writing. The pair was likely to find support at 1.5774, Monday's low, and resistance at 1.6083, Thursday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8624 and GBP/JPY falling 0.29% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 10:22 PM PDT About one month ago I got the chance to appear on the podcast FridayMarketMonitor with Walter Traversy and Pina Bernardi. I'm a little late in providing a link to the podcast, but to be honest my views of the market haven't changed at all since the interview, so I think it's still worthwhile to check out. Here's the link to the podcast, and to their website: http://proxy.autopod.ca/podcasts/chum/10/4346/fmm.11.08.12.mp3 www.fridaymarketmonitor.com
This posting includes an audio/video/photo media file: Download Now |
| Forex – Dollar Fades In Mid-day Asian Trade Posted: 12 Sep 2011 08:13 PM PDT Forexpros –
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| Forex – USD/JPY Falls In Mid-day Asian Trade Posted: 12 Sep 2011 07:37 PM PDT Forexpros –
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| Asian Stocks Climb In Early Trade; Nikkei Adds 0.38% Posted: 12 Sep 2011 06:56 PM PDT Forexpros –
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| Crude Oil Rebounds In Early Asian Trade Posted: 12 Sep 2011 06:09 PM PDT Forexpros –
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| Gold Futures Fall In Early Asian Trade Posted: 12 Sep 2011 05:25 PM PDT Forexpros –
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| The Oddness Of The President’s Upcoming Deficit-Reduction Plan Posted: 12 Sep 2011 05:20 PM PDT On Monday the President will offer ways to pay for his $467 billion American Jobs Act mostly by increasing taxes on the wealthy.
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| Forex – EUR/USD Dips In Early Asian Trade Posted: 12 Sep 2011 04:40 PM PDT Forexpros –
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| Forex – EUR/USD Down During The Asian Session Posted: 12 Sep 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3661, down 0.14% at time of writing. The pair was likely to find support at 1.3500, today's low, and resistance at 1.4150, Wednesday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8615 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 04:05 PM PDT CenterPoint Energy Inc. (NYSE:CNP) has replaced its existing revolving credit facilities with closure of three revolving bank credit facilities worth $2.45 billion. The company closed the three revolving bank credit facilities for the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC).
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| McGraw-Hill Separates Businesses Posted: 12 Sep 2011 03:58 PM PDT 09/12/11 McGraw-Hill will split its markets and education divisions into two publicly traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Hot Option Plays: Market Squeeze Posted: 12 Sep 2011 03:39 PM PDT Cusick’s Corner
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| Risk-Reward Balanced At Micromet Posted: 12 Sep 2011 03:35 PM PDT We have maintained a Neutral rating on Micromet, Inc. (NASDAQ:MITI) with a target price of $5.00 per share.
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| Forex – NZD/USD Up In Asian Trade Posted: 12 Sep 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Monday. NZD/USD was trading at 0.8252, up 0.24% at time of writing. The pair was likely to find support at 0.8119, today's low, and resistance at 0.8382, Thursday's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.19% to hit 1.2545 and EUR/NZD falling 0.40% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 03:20 PM PDT 09/12/11 Tuesday brings forth global economic data on inflation and small business optimism in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Stock Setups To Keep An Eye On Tuesday Posted: 12 Sep 2011 03:14 PM PDT ( click to enlarge ) Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) – Nice solid Breakout. The technical chart shows very strong upward momentum as the stock is trading above the 50 day moving average with both 50 day and 200 day moving average going up. At this point I will buy only once it breaks through today's high of $71.26 for the continuation move. Stochastics and the RSI are now overbought but remain bullish signaling. ( click to enlarge ) XenoPort, Inc. (NASDAQ:XNPT) – … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 03:10 PM PDT Cummins Inc. (NYSE:CMI) announced the sale of a part of its light duty filtration operations to Evanston, Illinois-based private equity firm Industrial Opportunity Partners LLC in order to streamline the business.
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| TOTAL’s Caspian Find Holds Promise Posted: 12 Sep 2011 03:01 PM PDT Oil major TOTAL S.A. (NYSE:TOT) has made an important gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The company expects this discovery to be significant in terms of resources.
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| Motorola Mobility Wins New Deal Posted: 12 Sep 2011 03:01 PM PDT Motorola Mobility Holdings, Inc. (MMI), one of the leading set-top box manufacturers, will deliver its highly integrated series of VIP22n2E set-top boxes to Russian telecommunication provider VimpelCom Ltd. (NYSE:VIP).
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| CBL To Develop Community Center Posted: 12 Sep 2011 03:01 PM PDT CBL & Associates Properties Inc. (NYSE:CBL) recently announced its plan to start construction of its new community center Waynesville Commons, a 127,500-square-foot project in Waynesville, North Carolina. The initial site work is already under way and the center is expected to open in October 2012.
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| LabCorp-UnitedHealth Extend Pact Posted: 12 Sep 2011 02:35 PM PDT Last week, Laboratory Corporation of America Holdings (NYSE:LH) announced that it has extended its agreement with UnitedHealthcare Insurance Company, an affiliate of UnitedHealth Group (NYSE:UNH). The agreement, effective since January 1, 2007, will continue until 2018.
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| Posted: 12 Sep 2011 02:35 PM PDT Dow AgroSciences LLC, a subsidiary of The Dow Chemical Co. (NYSE:DOW), announced that it has agreed to invest in the Australian wheat breeding company HRZ Wheats. Financial terms of the deal were not disclosed.
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| The Permanent Income Hypothesis Versus Temporary Stimulus Measures Posted: 12 Sep 2011 02:33 PM PDT A highlight of my life was visiting with Milton and Rose Friedman in their San Francisco apartment and being served homemade cookies by Rose near Milton's Nobel Prize hanging on a nearby wall. A few years later I asked Rose to confirm that she really made the cookies herself. She said if she served them, she made them.
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| Borders Store No.1 Closes; We Should Celebrate. Powerful Market Foreces Are Working Perfectly Posted: 12 Sep 2011 02:23 PM PDT The mighty force of “consumer greed” prevails again: The original Borders store opened 40 years ago in Ann Arbor, Michigan as an independent bookseller, and after today its flagship two-story, 37,000-square-foot store there will close forever. The remaining Borders in Michigan will be closed by the end of the week, according to this Detroit New article. The economic lessons here include: 1. Creative destruction. When Borders started aggressively pursuing a Big-Box, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 02:10 PM PDT Last week, we reiterated our Neutral recommendation on NYSE Euronext Inc. (NYSE:NYX) based on the current sustainability factor. The company's second-quarter operating earnings per share of 61 cents came in a penny higher than the Zacks Consensus Estimate of 60 cents but lagged 64 cents recorded in the year-ago quarter. Consequently, operating net income dipped 4% year over year to $160 million from $167 million in the year-ago quarter.
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| Posted: 12 Sep 2011 02:10 PM PDT New deals continue to flow for Computer Sciences Corporation (NYSE:CSC) as the company recently won a 10-year contract worth more than $900 million from a U.S-based global multi-brand commercial products manufacturer, which offers information technology and infrastructure managed services.
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| Posted: 12 Sep 2011 09:00 AM PDT 09/12/11 NYFP’s Closing Bell Market Monitor: The Big Board closes in the green despite growing fears of a Greek debt default, tech stocks rally equity markets, & reports surface that China is looking to buy Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 12 Sep 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3680, up 0.19% at time of writing. The pair was likely to find support at 1.3500, today's low, and resistance at 1.4150, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.30% to hit 0.8624 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Growing Apprehension Over Sovereign Creditworthiness Posted: 12 Sep 2011 01:49 PM PDT Although much of the focus has been on the burgeoning European debt crisis, the problems are not confined to that region alone. Indeed, as the following chart shows, spreads of credit default swaps, or CDS (which are, loosely speaking, a form of insurance against default), on the debt of government borrowers around the world have been climbing rapidly, signalling growing apprehension over sovereign creditworthiness. Admittedly, the average’s recent readings have been skewed by the ultra-wide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 01:40 PM PDT BJ's Wholesale Club Inc. (NYSE:BJ) recently announced that majority of its shareholders approved the $2.8 billion offer of Leonard Green & Partners and CVC Capital Partners for taking the company private. The company added that approximately 72% of its shareholders approved the deal, while a meager 0.4% voted against it.
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| Forex – USD/JPY Down Toward The End Of U.S. Session Posted: 12 Sep 2011 01:40 PM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday. USD/JPY was trading at 77.25, down 0.44% at time of writing. The pair was likely to find support at 76.76, today's low, and resistance at 77.86, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.14% to hit 1.3674 and GBP/USD falling 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Know When To Hold ‘em, Know When To Fold ‘em Posted: 12 Sep 2011 01:37 PM PDT SmartStops comment: Its why this service was brought to fruition. Follow SmartStops and you can be protected before you lose it all.
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| Posted: 12 Sep 2011 01:35 PM PDT We recently reiterated a Neutral recommendation on biopharmaceutical company Medivation Inc. (NASDAQ:MDVN). Medivation, which currently does not have any marketed product in its portfolio, focuses on the development of novel small molecule drugs for the treatment of serious diseases for which there are limited treatment options.
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| Posted: 12 Sep 2011 01:35 PM PDT Lululemon Athletica Inc. (NASDAQ:LULU) reported second-quarter 2011 earnings of 26 cents a share, up 73.0% from the year-ago figure of 15 cents, handily beating the Zacks Consensus Estimate of 22 cents.
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| Posted: 12 Sep 2011 01:35 PM PDT Shaw's Supermarkets, a subsidiary of the nationwide SUPERVALU INC.(NYSE:SVU) family of grocery stores, announced that it will offer fresh case products certified by the Marine Stewardship Council (MSC), the world’s leading certification and eco-labeling program for sustainable seafood. Shaw's is the first New England-based retailer with fresh product certified by the MSC.
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| Florida Bank Fails, Tally Hits 71 Posted: 12 Sep 2011 01:35 PM PDT Last Friday, U.S. regulators shuttered The First National Bank of Florida, taking the number of failed banks thus far in 2011 to 71. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
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| Posted: 12 Sep 2011 01:35 PM PDT We have maintained our Neutral recommendation for China Petroleum and Chemical Corporation (NYSE:SNP), or Sinopec. The company's robust exploration and production (E&P) agenda for the year has been somewhat mitigated by its downstream weighted asset structure.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 12 Sep 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Monday. EUR/USD was trading at 1.3680, up 0.19% at time of writing. The pair was likely to find support at 1.3500, today's low, and resistance at 1.4150, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.31% to hit 0.8625 and EUR/JPY falling 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 0.63% Posted: 12 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Monday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.63%, the S&P 500 index gained 0.70%, while the Nasdaq 100 index climbed 1.30%. Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 4.03%; Germany's DAX shed 2.27%; Britain's FTSE 100 declined 1.63%; and the EURO STOXX 50 fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bristol-Myers Takes Over Amira Pharma Posted: 12 Sep 2011 01:05 PM PDT The spate of acquisitions in the pharmaceutical industry continues with Bristol-Myers Squibb Company (NYSE:BMY) purchasing the privately-held Amira Pharmaceuticals. The private entity targeted the discovery and early development of new therapies to treat patients suffering from inflammatory and fibrotic diseases. Pursuant to the closure of the deal, Bristol-Myers acquired Amira Pharma's entire issued and outstanding shares of capital stock and stock equivalents.
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| Posted: 12 Sep 2011 01:05 PM PDT Brazilian miner Vale S.A (VALE) recently postponed its Salobo copper project in the Amazon region of northern Brazil. The start-up of the $1.8 billion project has been deferred on the grounds of construction problems.
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| Forex – GBP/USD Down During The U.S. Session Posted: 12 Sep 2011 12:55 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Monday. GBP/USD was trading at 1.5863, down 0.11% at time of writing. The pair was likely to find support at 1.5774, today's low, and resistance at 1.6083, Thursday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.16% to hit 0.8612 and GBP/JPY falling 0.49% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Sep 2011 12:35 PM PDT We recently downgraded our rating on Enzon Pharmaceuticals Inc. (NASDAQ:ENZN) from Neutral to Underperform with a target price of $9.50.
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| Cognizant Teams With Cambridge Posted: 12 Sep 2011 12:35 PM PDT Cognizant Technologies (NASDAQ:CTSH) recently announced that it will provide a range of application services to Cambridge Assessment, a not-for-profit examination group owned by Cambridge University, U.K.
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| Forex – USD/CHF Up In U.S. Trading Hours Posted: 12 Sep 2011 12:30 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Monday. USD/CHF was trading at 0.8855, up 0.23% at time of writing. The pair was likely to find support at 0.8540, Wednesday's low, and resistance at 0.8928, today's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.45% to hit 1.3593 and USD/JPY falling 0.31% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Up In U.S. Trade Posted: 12 Sep 2011 12:10 PM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Monday. USD/CAD was trading at 0.9974, up 0.06% at time of writing. The pair was likely to find support at 0.9830, Thursday's low, and resistance at 1.0027, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.69% to hit 1.3560 and GBP/USD falling 0.52% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 12 Sep 2011 11:45 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3620, down 0.25% at time of writing. The pair was likely to find support at 1.3500, today's low, and resistance at 1.4150, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.12% to hit 0.8608 and EUR/JPY falling 0.58% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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