DailyMarkets.com - Discover Buys Citi’s Student Loans

---

• Discover Buys Citi’s Student Loans
• Schneller Now Part Of TransDigm
• CRA Enhances Buyback Activity
• Integra Wins Premier Deal
• Medtronic Starts Post-Approval Study
• Delta Air Lines Remains Neutral
• Delta Air Lines Remains Neutral
• Exxon Divests XTO Assets
• Macy’s Sales Rise
• UDR Acquires Virginia Property
• Monetary Policy Week In Review – 3 September 2011
• Auxilium Outlines Xiaflex Plans
• BHP Approves $367M Expansion
• Pfizer Extends Icagen Tender Offer
• Campbell Soup Tops Estimates
• Bayer Takes Over Pathway Medical
• Chevron On Track With Wheatstone
• Cisco Fortifies Collaboration Suite
• Comcast Remains Neutral
• Some Good Friday Editorials
• US Stocks Slide, Gold Rallies
• Eastman Acquires Scandiflex
• Ugly Jobs Report In Depth, Pt. 2
• Gap’s Revenue Falls Again
• Fifth Third’s Rating Outlook Upped
• D&B Partners Salesforce.com
• Big Banks Fear Mortgage Suits
• Activision Unveils NASCAR Unleashed
• Auto Sales Up A Meager 5%
• Target Sustains Momentum
• CME Launches Coal Swap Futures
• U.S. Markets Close Lower; Dow Jones Down 2.20%
• Bank Of Ghana Holds Interest Rate At 12.50%
• Valero To Buy Murphy Refinery
• Shell Trims Stake In Gassled
• Allstate Retains Neutral Rec
• Explain Why You Were Late On FICO Credit Report
• Forex – Dollar Mixed In U.S. Trade After Labor Data
• Only In California: A Ballot Proposal To Prohibit Foreclosures And Eliminate The Mortgage Industury
• Valeant Pharma To Acquire Afexa
• Nordstrom Sales Going Strong
• U.S. Stocks Fall Sharply In Afternoon Trade; Dow Sinks 2.1%
• Ugly Jobs Report In Depth, Pt. 1
• Suntech Unveils Products In Europe
• Athenahealth Launches Coordinator
• Crude Oil Slumps In U.S. Afternoon Trade
• Bears Augment Put Positions On Consumer Discretionary ETF
• Forbidden Technologies Adds Clesh Publishing Direct To YouTube

Discover Buys Citi’s Student Loans Posted: 02 Sep 2011 03:55 PM PDT Yesterday, Discover Financial Services (NYSE:DFS) made a Securities and Exchange Commission (SEC) filing for the purchase of $2.5 billion worth of private student loans from Citigroup Inc. (NYSE:C), the third largest U.S. bank. The purchase price is $2.48 billion, which translates into a discount of 1% on the outstanding balance and accrued interest. The purchase deal is expected to be closed by September-end this year and Discover expects it to boost its 2012 earnings per share by 7 cents. Discover … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Schneller Now Part Of TransDigm Posted: 02 Sep 2011 03:35 PM PDT TransDigm Group Incorporated (NYSE:TDG) has completed the acquisition of Schneller Holdings LLC (Schneller), from an affiliate of Graham Partner Inc. The acquisition was made at the previously agreed cash price of $288.5 million. The deal was made on August 5, 2011 and was expected to close by September 30, 2011, subjected to review under the Hart-Scott-Rodino Act and other customary closing conditions. Based in Kent, Ohio,  Schneller is a manufacturer of proprietary, highly engineered … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CRA Enhances Buyback Activity Posted: 02 Sep 2011 03:35 PM PDT CRA International Inc. (NASDAQ:CRAI) recently expanded its share repurchase program to $7.5 million in an effort to optimize shareholders' return. Previously in July 2010, the company's board of directors authorized a share repurchase program of up to $5 million of its common stock. As of August 2011, CRA International repurchased 165,311 shares at a cost of approximately $4.2 million under the existing plan. The company is open to repurchase shares in the open market or in privately negotiated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Integra Wins Premier Deal Posted: 02 Sep 2011 03:05 PM PDT Medical devices maker, Integra LifeScience Holdings Corporation (NASDAQ:IART) recently secured a new multi-year contract from Premier Purchasing Partners, the group purchasing arm of the Premier healthcare alliance. As per the terms of the deal, Integra will supply its neurosurgical products to the member hospitals of Premier. However, the financial terms of the contract have not been disclosed. Integra believes that its business will expand further with the receipt of the current contract as this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Medtronic Starts Post-Approval Study Posted: 02 Sep 2011 03:05 PM PDT Medtronic (NYSE:MDT) has started a post-approval study of Endurant AAA Stent Graft System for the treatment of abdominal aortic aneurysms (AAA). The first patient under the post-approval study has been enrolled in early August. The long-term safety and effectiveness study will enroll about 325 patients across 25 sites in the US. Endurant AAA Stent Graft received approval from the US Food and Drug Administration (FDA) in December 2010. The device has been used to treat more than 6,000 patients in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta Air Lines Remains Neutral Posted: 02 Sep 2011 03:05 PM PDT We are reiterating our long-term Neutral recommendation on the second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL). The stock retains the Zacks #3 Rank (Hold) for the short term. Despite soaring fuel prices and the recent Hurricane Irene in the Northeast, we believe Delta Air Lines will generate solid profits on a revival in air travel demand, increased fares, capacity cuts, new and improved ancillary revenues as well as hedging strategies. So far, the company has been able to pass on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta Air Lines Remains Neutral Posted: 02 Sep 2011 03:05 PM PDT We are reiterating our long-term Neutral recommendation on the second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL). The stock retains the Zacks #3 Rank (Hold) for the short term. Despite soaring fuel prices and the recent Hurricane Irene in the Northeast, we believe Delta Air Lines will generate solid profits on a revival in air travel demand, increased fares, capacity cuts, new and improved ancillary revenues as well as hedging strategies. So far, the company has been able to pass on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Exxon Divests XTO Assets Posted: 02 Sep 2011 03:05 PM PDT Irving, Texas-based ExxonMobil Corporation (NYSE:XOM) has sold offshore crude wells and other assets from its XTO Energy unit to Dynamic Offshore Resources LLC for $182.5 million. The sale comprises properties in the Gulf offshore areas including West Cameron 507, Main Pass 125, Breton Sound 53, South Marsh 269 and South Marsh 41. The divested properties produce more than 7,000 barrels of oil equivalent per day from 79 active leases covering approximately 130,000 net acres on the Gulf of Mexico … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Macy’s Sales Rise Posted: 02 Sep 2011 03:05 PM PDT Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted better-than-expected sales results for the four-week period ended August 27, 2011, despite over 100 store closures over the weekend due to Hurricane Irene, which lowered comparable-store sales by 1.5%. Macy's comparable-store sales for August 2011 rose 5%, same as the previous month and up 70 basis points from the prior-year period. Year-to-date comps increased 5.8%. Cincinnati, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

UDR Acquires Virginia Property Posted: 02 Sep 2011 03:05 PM PDT UDR, Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently acquired 'Twenty400' – a 217-unit luxury apartment community in Arlington, Virginia, through its joint venture with Kuwait Finance House, an Islamic Sharia-compliant bank. The purchase price of $84 million was funded through a new 5-year $49.5 million interest-only loan from Fannie Mae, a 70% equity contribution from Kuwait Finance House to the tune of $24.15 million, and a 30% equity contribution … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Monetary Policy Week In Review – 3 September 2011 Posted: 02 Sep 2011 02:46 PM PDT The past week in monetary policy saw just 4 central banks review interest rate settings: Belarus increased +500bps to 27.00%, Brazil dropped -50bps to 12.00%, Israel held at 3.25% and Ghana held at 12.50%.  Aside from interest rates, the People’s Bank of China was reported as planning to increase the scope of its Required Reserve Ratio, which by some estimates would amount to an effective 100 basis point increase.  Also on required reserves, the State Bank of Vietnam raised its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Auxilium Outlines Xiaflex Plans Posted: 02 Sep 2011 02:35 PM PDT Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) recently announced that it has dismissed all pending litigation against BioSpecifics Technologies Corp. (BSTC). Auxilium Pharma has a development and license agreement with BioSpecifics for Xiaflex, an injectable enzyme (clostridial collagenase for injection). Xiaflex is currently approved for the treatment of Dupuytren's Contracture, a condition that affects the connective tissue in the palm known as palmar fascia. Auxilium Pharma said that its 2008 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BHP Approves $367M Expansion Posted: 02 Sep 2011 02:35 PM PDT Recently, BHP Billiton Ltd (NYSE:BHP) has approved US$367 million more for the third stage of development of Newcastle Coal Infrastructure Group's (NCIG) coal handling operations in Newcastle, Australia. Newcastle is home to the world's biggest export coal port, with the port expansion project slated to increase total capacity at the coal terminal from 53 million tonnes per annum (mtpa) to 66mtpa. The full capacity operation of the terminal for the next 12 months is anticipated to bring the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pfizer Extends Icagen Tender Offer Posted: 02 Sep 2011 02:35 PM PDT Pfizer Inc. (NYSE:PFE) recently extended the expiration date of its tender offer for all outstanding shares of Icagen, Inc. (NASDAQ:ICGN). The tender offer, which was slated to expire on August 31, 2011 (12:00 midnight, New York City time), is now scheduled to expire on September 1, 2011 (12:00 midnight, New York City time). As of August 31, 2011, about 4,044,035 shares of Icagen's common stock were validly tendered. Besides this, Pfizer owns 1,067,015 shares of Icagen's common stock. Taken … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Campbell Soup Tops Estimates Posted: 02 Sep 2011 02:35 PM PDT Campbell Soup Company (NYSE:CPB) reported robust fiscal 2011 fourth-quarter adjusted earnings of 43 cents per share, beating the Zacks Consensus Estimate of 37 cents and year-ago results of 33 cents per share. During the quarter, net sales inched up 5.9% from the prior-year quarter to $1,607.0 million, marginally beating the Zacks Consensus Estimate of $1,572.0 million. The increase was primarily due to 2.0% spike in price and sales allowances and favorable currency translations of 5.0%, partially … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bayer Takes Over Pathway Medical Posted: 02 Sep 2011 02:35 PM PDT Germany's Bayer (BAYRY) recently announced that it has purchased the Kirkland, Washington based Pathway Medical Technologies, Inc. Bayer's subsidiary, MEDRAD, Inc, a leading medical devices maker, bought Pathway for an undisclosed amount. Other terms of the transaction were not revealed. The acquisition strengthens Bayer's HealthCare segment which is involved in the research, development, manufacturing and marketing of products for the prevention, diagnosis and treatment of diseases. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron On Track With Wheatstone Posted: 02 Sep 2011 02:35 PM PDT Global integrated energy company, Chevron Corporation's (NYSE:CVX) Wheatstone liquefied natural gas (LNG) project has won the environmental approval from the West Australian state government. While the permit takes the multi-billion dollar project a step ahead, it comes with 25 conditions on the protection of marine fauna, including whales, turtles and dugongs. Per these conditions, Chevron and its partners will have to pay approximately $13.9 million for environmental benefits. The company now … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cisco Fortifies Collaboration Suite Posted: 02 Sep 2011 02:35 PM PDT Cisco Systems, Inc. (NASDAQ:CSCO) recently acquired San Francisco based privately held software company, Versly, for an undisclosed amount. All Versly employees will be integrated into Cisco's Collaboration Software Group (CSG) upon closure of the deal. Versly integrates collaboration capabilities via a plug-in into Microsoft (NASDAQ:MSFT) Office applications, simplifying everyday computing. More specifically, it enables effective collaboration around content in documents, Excel spreadsheets, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Comcast Remains Neutral Posted: 02 Sep 2011 02:35 PM PDT Comcast Corp. (NASDAQ:CMCSA) is all set to become a media power house armed with a unique control over both content and distribution after completing the acquisition of a controlling stake in NBC Universal. Comcast now serves one-fourth of the U.S.'s pay-TV households supported by a large content-creation empire. NBC Universal is U.S.'s fourth largest media company, enriched with  vast content library. This will facilitate Comcast to expand its own video-on-demand opportunities. We believe … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Some Good Friday Editorials Posted: 02 Sep 2011 02:35 PM PDT 1. “A Case Against the Case Against Walmart,” by Art Carden in the Washington Examiner.  Critics of Walmart have the burden of proof.  2. “Mr. Obama, Tear Down Those Union Posters,” by Diana Furchtgott-Roth in the Washington Examiner, about the NLRB requirement for employers to put up 11-by-17-inch posters informing workers of their right to unionize.   3. “The Great Recession and Government Failure,” by Gary Becker in the WSJ. When comparing the performance of markets to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Stocks Slide, Gold Rallies Posted: 02 Sep 2011 02:31 PM PDT 09/02/11 US stock averages settled lower, following a dismal jobs report. Gold soared 10% for the week, boosted by Friday’s risk … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Eastman Acquires Scandiflex Posted: 02 Sep 2011 02:05 PM PDT Eastman Chemical Co. (NYSE:EMN) acquired Scandiflex do Brasil SA Industrias Quimicas for an undisclosed amount to expand its plasticizer business in Latin America. The Brazilian company manufactures materials used to produce pliable plastic. The acquired Scandiflex plasticizer business and manufacturing capabilities will be a part of Eastman's Performance Chemicals and Intermediates (PCI) segment. In 2010, the acquired company reported net sales of $54 million. Earlier last month, Eastman also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ugly Jobs Report In Depth, Pt. 2 Posted: 02 Sep 2011 02:05 PM PDT This month's employment report was just plain ugly. There were, on balance, NO new jobs created in August, according to the establishment survey. Also, the job creation totals for July were cut to 85,000 from 117,000, and for June to just 20,000 from last month's estimate of 46,000. We were also far below the consensus expectation of 75,000 jobs being created. The household survey was stronger, but not exactly great either. The unemployment rate was unchanged at 9.1%, and down from 9.6% a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap’s Revenue Falls Again Posted: 02 Sep 2011 02:05 PM PDT Gap Inc. (NYSE:GPS), one of the leading global specialty retailers, reported a decline of 6.0% in same store sales for the four-week period ended August 27, 2011. Results for the month compared unfavorably with same store sales, which remained flat as of August 28, 2010. Gap has reported a contraction in same store sales in every segment. The company reported a decline of 4.0% each in Old Navy North America and Banana Republic North America segments compared with negative 1.0% and positive 6.0% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fifth Third’s Rating Outlook Upped Posted: 02 Sep 2011 01:50 PM PDT The rating outlook on Fifth Third Bancorp (NASDAQ:FITB) has been raised to positive from stable by Standard & Poor’s Ratings Services. The revision results from the company's improvement in credit quality. According to the rating agency, Fifth Third's financial condition has improved in terms of its asset quality, capital and earnings. During the past three quarters, the company's net charge-off levels were low at less than 2%. The company did not experience an increase in non-performing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

D&B Partners Salesforce.com Posted: 02 Sep 2011 01:35 PM PDT Dun & Bradstreet Corp. (NYSE:DNB) and enterprise cloud computing company Salesforce.com (NYSE:CRM) recently entered into a partnership, under which D&B will be the exclusive provider of company information on 200 million global businesses for Data.com. Data.com provides complete and accurate business data on more than 200 million companies. Data.com will integrate D&B's information with Jigsaw’s complete contact information to deliver unified company and contact data in the cloud. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Big Banks Fear Mortgage Suits Posted: 02 Sep 2011 01:35 PM PDT More than a dozen big banks could be sued by the U.S. Federal Housing Finance Agency (FHFA) for infringing commitments on the quality of mortgage securities sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the housing bubble, the New York Times reported on Thursday. As the overseer of mortgage giants Fannie Mae and Freddie Mac, the FHFA is contriving to charge these banks billions of dollars as compensation. This FHFA action would come as a big blow to many banking giants that are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Activision Unveils NASCAR Unleashed Posted: 02 Sep 2011 01:35 PM PDT Its time again to fasten the seat belts and speed through the racing tracks as Activision Blizzard Inc. (NASDAQ:ATVI) unveiled its latest racing spectacle NASCAR Unleashed. This is the latest entrant in the NASCAR racing series after NASCAR The Game 2011. The game is set to release this holiday season. NASCAR Unleashed offers speed enthusiasts a high-octane, super fast racing experience. Gamers have the option of racing on various NASCAR tracks, namely Daytona International Speedway, Chicagoland … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Auto Sales Up A Meager 5% Posted: 02 Sep 2011 01:35 PM PDT Light vehicle sales in the U.S. increased a tad 5% to a seasonally adjusted annualized rate of 12.10 million vehicles in August from 11.52 million vehicles in the same month last year. All the major automakers posted a double-digit rise in sales except Toyota Motor Corp. (NYSE:TM) and Honda Motor Corp. (NYSE:HMC). The meager rise in sales was attributable to hurricane Irene hitting the sales of East Coast dealerships, lower discounts and incentives spending as well as disruptions in parts supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Target Sustains Momentum Posted: 02 Sep 2011 01:35 PM PDT Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted healthy sales results for the four-week period ended August 27, 2011. The rise in comparable-store sales was in line with management's expectation, reflecting robust sales in back-to-school and back-to-college category. Target's comparable-store sales for August 2011 rose 4.1%, same as the previous month and up from 1.8% growth registered in the prior-year period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CME Launches Coal Swap Futures Posted: 02 Sep 2011 01:35 PM PDT Yesterday CME Group Inc. (NASDAQ:CME), the largest U.S. futures exchange operator, announced the launch of two thermal coal swap futures contracts, China coal swap futures and Coal Newcastle FOB. The futures will be traded over-the-counter (OTC) from September 12, 2011. Accordingly, the two OTC contracts will be financially settled and will be traded in lot sizes of 1000 tonnes each. CME had earlier cleared 14 other coal swap contracts and the new contracts will raise the tally to 16. China is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 2.20% Posted: 02 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 2.20%, the S&P 500 index shed 2.53%, while the Nasdaq 100 index declined 2.31%. Earlier in the day, official data showed that U.S. non-farm payrolls remained unchanged unexpectedly at a seasonally adjusted 0K last month, from 85K in the preceding month whose figure was revised down from 117K. Analysts had expected U.S. non-farm payrolls to rise 74K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bank Of Ghana Holds Interest Rate At 12.50% Posted: 02 Sep 2011 01:11 PM PDT The Bank of Ghana held its key lending rate unchanged at 12.50%, pausing after two consecutive 50 basis point cuts.  Bank of Ghana Governor, Kwesi Amissah-Arthur, said: “Inflation expectations are well-anchored and have  stabilized along the single digit path, supported by favourable food prices. The rate has continued to decline and the 9 per cent target for the year is achievable.” However the Bank also noted: “Despite the improved macroeconomic fundamentals, upside risks … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valero To Buy Murphy Refinery Posted: 02 Sep 2011 01:05 PM PDT Valero Energy Corp. (NYSE:VLO) has reached an agreement with Murphy Oil Corp. (NYSE:MUR) to acquire its final refinery in the U.S. Post acquisition, the U.S. independent refiner will widen its footprint in the U.S. Gulf region. Per the agreement, Valero will pay $325 million for Murphy's refinery in Meraux, Louisiana. The deal also includes the purchase of associated logistics and inventory for approximately $300 million, subject to the closing adjustments. Apart from the refinery, the purchase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Shell Trims Stake In Gassled Posted: 02 Sep 2011 01:05 PM PDT Leading European oil firm Royal Dutch Shell plc (RDS.A) has signed a deal with Infragas Norge AS – an indirect wholly-owned subsidiary of one of Canada's largest pension investment managers – for the sale of its stake in a natural gas transport infrastructure joint venture, Gassled, for 3.9 billion kroner, or $723 million. Shell will execute the deal through its wholly owned subsidiary A/S Norske Shell. Per the terms of the agreement, Infragas, which is owned by the Public Sector Pension … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Allstate Retains Neutral Rec Posted: 02 Sep 2011 01:05 PM PDT We reiterate our recommendation on Allstate Corp. (NYSE:ALL) based on the current sustainability factor. The company's second quarter operating loss of $1.23 per share came in modestly lower than the Zacks Consensus Estimate of a loss of $1.53 but lagged the year-ago quarter's earnings of 81 cents per share. Results for the quarter reflected higher catastrophe (CAT) losses that also led to increased claims expenses coupled with lower average premiums and policies-in-force in Property-Liability … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Explain Why You Were Late On FICO Credit Report Posted: 02 Sep 2011 01:01 PM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Mixed In U.S. Trade After Labor Data Posted: 02 Sep 2011 12:46 PM PDT Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in U.S. trade Friday, following the release of data showing a stagnant U.S. labor market and a sharp downturn on Wall Street. In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 0.48% to hit 1.4189. Earlier Friday, the U.S. Labor Department reported that non-farm payrolls remained flat in August, after a revised 85,000 gain in July. Market expectations were for non-farm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Only In California: A Ballot Proposal To Prohibit Foreclosures And Eliminate The Mortgage Industury Posted: 02 Sep 2011 12:40 PM PDT Here is some of the language below from a ballot proposal in California called the “Foreclosure Modification Act,” scheduled to go on the November 2012 ballot if supporters get the required minimum 800,000 voter signatures.  It was approved in late July by the California attorney general for signature collection. Makes home ownership a fundamental right for every Californian. Prohibits lenders from foreclosing on any California citizen’s personal home. Requires lenders to assist … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valeant Pharma To Acquire Afexa Posted: 02 Sep 2011 12:35 PM PDT Canadian drug maker Valeant Pharmaceuticals International, Inc. (NYSE:VRX) announced that it has entered into yet another deal, this time to expand the Canadian over-the-counter (OTC) business. Valeant Pharma has entered into an agreement to acquire another Canadian company Afexa Life Sciences Inc. for a cash consideration of 76 million Canadian dollars. Afexa markets several consumer brands, the most important of which are Cold-FX and Coldsore FX. Cold-FX is a leading OTC cold and flu medicine … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nordstrom Sales Going Strong Posted: 02 Sep 2011 12:35 PM PDT Same-store sales at Nordstrom Inc. (NYSE:JWN) grew by 6.7% for the four-week period ended August 27, 2011. Total retail sales in August 2011 climbed 12.4% to $691 million from $615 million for the four-week period ended August 28, 2010. Moreover, Nordstrom’s year-to-date comparable sales grew by 6.9% year over year. Total retail sales for the period increased 12.2% to $5,636 million from $5,022 million reported in the prior-year period. As of September 1, 2011, Nordstrom had 115 Nordstrom … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Stocks Fall Sharply In Afternoon Trade; Dow Sinks 2.1% Posted: 02 Sep 2011 12:08 PM PDT Forexpros – Forexpros – U.S. stocks moved lower Friday for the second day, as poor labor data pointed to further stagnation in the U.S. economy and a possible new round of economic stimulus from the Federal Reserve Bank. In afternoon U.S. trade, the Dow Jones Industrial Average dropped 2.1% to 11,251.10, the Nasdaq Composite Index fell 2.58% to 2,480.31, and the S&P 500 gave up 2.48% to trade at 1,174.54. A U.S. Labor Department report released earlier Friday, showed that non-farm … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ugly Jobs Report In Depth, Pt. 1 Posted: 02 Sep 2011 12:05 PM PDT The total number of people employed was unchanged in August, not a single job gained or lost. That is much worse than consensus expectations for a gain of 75,000. This report was also worse than the ADP report on Wednesday. That report showed 91,000 private sector jobs created, and the expectations were for the BLS to show 111,000 new private sector jobs. The "actual" BLS number of private sector jobs was just 17,000. Government payrolls declined by 17,000. The Federal Government … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Suntech Unveils Products In Europe Posted: 02 Sep 2011 12:05 PM PDT Suntech Power Holdings Co. Ltd. (NYSE:STP) has introduced its new generation high-efficiency HiPerforma product line in Europe with the launch of two products, HiPerforma Pluto Vdm-295 and HiPerforma Wdm-245. The new HiPerforma Pluto Vdm-295 is a 295W panel that utilizes 72 6-inch multicrystalline cells. It has a conversion efficiency of up to 15.2%. The product is perfect for both commercial rooftop and utility-scale electricity generation. The 245W new HiPerforma Pluto Wdm-245 utilizes 60 6-inch … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Athenahealth Launches Coordinator Posted: 02 Sep 2011 12:05 PM PDT Leading vendor of cloud-based services for physician practices, Athenahealth (NASDAQ:ATHN) recently launched athenaCoordinator, its new cloud-based offering intended to tackle systemic problems, which have blocked proper coordination of care spanning the health care supply chain. The athenaCoordinator is the culmination of the company's takeover of the Alabama-based Proxsys, which was closed on August 31, 2011. This offering supports the company's pre-existing product lines comprising integrated … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Slumps In U.S. Afternoon Trade Posted: 02 Sep 2011 11:27 AM PDT Forexpros – Forexpros – Crude oil futures retreated in U.S. trade Friday, as the release of weak labor data in the U.S. spawned fears in a further slowdown in the economy of the world's largest oil consumer. On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD86.38 a barrel during afternoon U.S. trade, falling 2.75%, after hitting a daily high of USD88.99. The U.S. Labor Department, earlier Friday, reported that non-farm payrolls were unchanged … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bears Augment Put Positions On Consumer Discretionary ETF Posted: 02 Sep 2011 10:57 AM PDT Bears augment put positions on Consumer Discretionary ETF Today's tickers: XLY, REGN, WM & CMC (XLY) – Consumer Discretionary Select Sector SPDR Fund – Bears are hoarding put options on the Consumer Discretionary SPDR Fund following the release of dismal employment figures ahead of the open this morning. We noted growing interest in XLY puts on Tuesday and Wednesday of this week, which suggested traders were hungry for varying degrees of protective or bearish positions on the sector. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forbidden Technologies Adds Clesh Publishing Direct To YouTube Posted: 02 Sep 2011 06:01 AM PDT Forbidden Technologies (LON:FBT), the AIM quoted developer of the market leading Cloud video platform FORscene, has released an upgrade to its Clesh Cloud-based consumer editing software that enables publishing direct to the YouTube site. The new publishing feature simplifies the process of publishing to YouTube – and consequently the whole end-to-end process of shooting, editing and publishing of home videos. Forbidden’s Clesh app, available on over 300 types of Android device (in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610