Tuesday, September 6, 2011

DailyMarkets.com - DuPont Sues Heraeus

DailyMarkets.com - DuPont Sues Heraeus

DuPont Sues Heraeus

Posted: 06 Sep 2011 10:00 AM PDT

Science and technology giant  EI DuPont de Nemours & Co. (NYSE:DD), announced that it has filed a lawsuit in Delaware against Heraeus Holding GmbH and Heraeus Materials Technology, LLC related to its front-side metallization paste materials used in solar cell technology.
DuPont alleged that Heraeus has infringed its U.S. Patent, by manufacturing solar cells and inducing its customers to manufacture solar cells, using Heraeus H94XX series and H92XX series front-side silver pastes.
DuPont … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Amazon Playing The “Jobs” Card

Posted: 06 Sep 2011 10:00 AM PDT

One of the largest online retailers, Amazon.com Inc (NASDAQ:AMZN), continues to oppose sales tax collection by offering to create jobs instead. Thanks to the weak jobs scenario and consistently depressing jobs reports (see our take on jobs reports here – Ugly Jobs Report in Depth, pt. 1 and Ugly Jobs Report in Depth, pt 2), regulators that had once been hungry to narrow deficits are now seriously considering the cost of job creation.  
A few states appear to have taken the bait (South Carolina … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H-P Converged Portfolio In Demand

Posted: 06 Sep 2011 10:00 AM PDT

Hewlett-Packard Company (NYSE:HPQ) recently announced that the London-based renowned retail tailor Spencer Hart has deployed its Converged Infrastructure suite. Financial terms of the deal were not disclosed.
Spencer Hart designs custom-made suits mainly for men's wardrobes and serves celebrities such as David Beckham, James Corden, Lawrence Dallaglio and Robbie Williams. The growing demand for its customized products has forced the fashion house to opt for HP's converged infrastructure suite … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GD Repairs US Navy Submarines

Posted: 06 Sep 2011 10:00 AM PDT

Electric Boat, a wholly owned subsidiary of General Dynamics Corporation (NYSE:GD), has received a $23 million work order from the U.S. Navy to support submarine repair work at Norfolk Naval Shipyard in Virginia.
Under this work order, approximately 880 Electric Boat trades employees will be responsible for maintenance activities on USS Newport News and USS West Virginia. Additionally, more than 4,100 employees of Electric Boat’s operations and support organization in Groton will work with their … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interactive’s August Metrics Up

Posted: 06 Sep 2011 10:00 AM PDT

Last week, Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment announced improved monthly brokerage data for August. The segment under review clears and settles trades globally for both individual and institutional clients.
Total customer accounts for the month of August were 181,500, up 2% from 177,700 in July 2011 and 22% from 148,700 in August 2010. Similarly, the total customer Daily Average Revenue Trades (DARTs) spiked 32% from the prior month and 58% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equity One Acquires Shopping Center

Posted: 06 Sep 2011 10:00 AM PDT

Equity One Inc. (NYSE:EQY) recently announced the acquisition of a shopping center named 90-30 Metropolitan Avenue, spanning 60,000 square feet located in Forest Hills, New York for $28.8 million.
The center is currently 93.0% occupied. The shopping center is located in one of the most prosperous and dense neighborhoods in Queens and is one of the most under-retailed area, with high barriers to entry.
Moreover, Equity One recently announced its plans to sell a 213,000 square foot office building … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Optum To Buy Monarch HealthCare

Posted: 06 Sep 2011 10:00 AM PDT

Last week, UnitedHealth Group Inc. (NYSE:UNH) announced that its Optum health services unit has entered into an agreement to manage Monarch HealthCare, an Irvine-based group of more than 2300 independent physicians.
UnitedHealth's Optum division is a $27 billion information and technology-enabled health services business platform, serving the broad health care marketplace including care providers, plan sponsors, payers, life sciences companies and consumers. It consists of three sub divisions … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ross’ Healthy August Sales

Posted: 06 Sep 2011 09:20 AM PDT

Ross Stores Inc. (NASDAQ:ROST), the second largest off-price retailer of apparel and home accessories, reported a growth of 4% in comparable store sales for the four weeks ended August 27, 2011.
The recent results were below the 5% gain in same-store sales in the prior-year month. However, August same-store sales came in better than the company’s forecast of a 2% to 3% increase for the month.
For the month under review, sales increased 8% to $659 million from $608 million in the year-ago period. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stein Mart August Sales Plunge

Posted: 06 Sep 2011 09:10 AM PDT

Stein Mart Inc. (NASDAQ:SMRT) reported total sales of $73.9 million in August 2011, down 8.7% from $80.9 million in August 2010. The company's comparable store sales (comps) for the month also declined 7.5% versus a handsome 8.5% growth recorded in the year-earlier period. 
During the month, Hurricane Irene upset business across North Carolina to Massachusetts, leading to a shortfall in sales during the last weekend. The natural calamity was concurrent with a large-scale promotional event the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Strong, Economy Not

Posted: 06 Sep 2011 09:10 AM PDT

The Earnings Picture

Second quarter earnings season is effectively over, with 497 or 99.4% of the S&P 500 reports in. With the exception of a handful of financials, most notably Bank of America (NYSE:BAC), which had a $12 billion negative swing in net income from last year, this is another great earnings season.

The year over year growth rate for the S&P 500 is 11.9%, way off the 17.1% pace those same 497 firms posted in the first quarter. However, it you exclude the Financial sector, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Juniper Wins Networking Deal

Posted: 06 Sep 2011 09:05 AM PDT

Juniper Networks Inc. (NASDAQ:JNPR) announced that its network infrastructure has been deployed by the University of Auckland, New Zealand. The business value was not disclosed. The largest university in New Zealand hopes to bring virtualization within its data center, with 90 physical servers hosting 1,200 virtual machines.
Per the contract terms, Juniper will provide its Ethernet-based switching infrastructure and 3-2-1 Data Center Network Architecture. The EX Series Ethernet switches, which run … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Montpelier Retains ‘Underperform’

Posted: 06 Sep 2011 09:05 AM PDT

We retain our Underperform recommendation on Montpelier Re Holdings Ltd. (MRH) given its exposure to catastrophe losses coupled with the current pricing environment in the primary insurance market and the stressed economy that is expected to restrict top-line growth.
Montpelier suffered largely due to catastrophe losses in the second quarter, resulting from tornado activity in the United States in April and May, though the magnitude was down from the first quarter loss to $39 million. Also … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/USD Might Not See Support Until 1.5740-1.5750

Posted: 06 Sep 2011 08:37 AM PDT

GBP/USD

Starting with the weekly chart, we see that since 2008, the GBP/USD has been in consolidation mode following a bear run earlier in the year and in late 2007.
Since then, the RSI maintained below 60, so the long-term momentum  has never turned away from being bearish.
Now in Sept of 2011, the SMA 200 finally caught up to the price action, but price action was not able to break above it a few weeks ago.
This means the bull run that began in May of 2010 has been capped.
In the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Saks’ August Comp Sales Up

Posted: 06 Sep 2011 08:35 AM PDT

Same-store sales at Saks Incorporated (NYSE:SKS) went up 6.1% for the month of August, 2011, while it increased 11.9% in the seven months ended August 27, 2011.
Owned sales surged 5.5% to $168.0 million for the four-week period ended August 27, 2011 compared with $159.3 million in the same period ended August 28, 2010.
Further on a year-to-date basis, owned sales increased 10.0% to $1,539.8 million for the seven months ended August 27, 2011, compared with $1,399.5 million for the prior year seven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRG Energy Goes Solar In New Mexico

Posted: 06 Sep 2011 08:35 AM PDT

NRG Energy Inc. (NYSE:NRG) said its subsidiary focused on producing solar energy, NRG Solar, announced the commencement of a 20-megawatt (MW) plant near Santa Teresa, New Mexico. Spread across an area of 210 acres, about 10 miles from El Paso, Texas, the Roadrunner Solar Generating Facility, will produce electricity using thin-film photovoltaic solar panels supplied by First Solar Inc. (NASDAQ:FSLR).
The Roadrunner Solar Generating facility is NRG Energy's third large-scale solar generation plant to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Technical Bounce Likely In ICT?

Posted: 06 Sep 2011 08:32 AM PDT

The shares of International Container Terminals, Inc. or ICT in the Philippine Stock Exchange fell back towards the Php 50.00 level at the end of today's (August 6, 2011) trading. Having closed right at a significant support, a rally off of this level could be expected in the days to come.
As evidenced in its daily chart above, people saw the Php 50.00 as a buying level. Notice that ICT bounced up every time that it fell towards the said support. Hence, the same could happen again especially … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Large Brazilian Crop Looms, But Is It Enough To Sour Coffee Bulls?

Posted: 06 Sep 2011 08:18 AM PDT

Tuesday, September 6, 2011
The fundamental outlook for Coffee remains bullish, despite the expectation for a large crop in Brazil. The spot market remains extremely tight presently, and it may be foolhardy to make trading decisions based on what could be instead of present reality. That being said, traders should keep the immanent Brazilian crop in the back of their minds, and some traders may choose to use options instead of futures. Given the overbought technical outlook, some traders may … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Breaks Below The 200 Day MA At 1.4013.

Posted: 06 Sep 2011 08:12 AM PDT

The EURUSD has moved below the 200 day MA at the 1.4013 level. In July, the price fell below the level but rebounded fairly quickly.   The next support target off the daily chart is he 1.3907 level which is the midpoint of the move up from the Jan 2011 low to the high reached in early … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Global Growth Concerns Cut Into Oil Prices

Posted: 06 Sep 2011 08:00 AM PDT

09/06/11 Front month crude prices were on the decline this morning, falling below $84 on growing global growth concerns following another round of weak European economic … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Higher Vs. Rivals After ISM Data, SNB Action

Posted: 06 Sep 2011 07:57 AM PDT

Forexpros – The U.S. dollar was higher against all of its major rivals on Tuesday, after industry data showed that activity in the U.S. service sector expanded unexpectedly last month and after the Swiss National Bank took action to weaken the franc.

During U.S. morning trade, the greenback was sharply higher against the Swiss franc, with USD/CHF leaping 8.81% to hit 0.8563.

Earlier Tuesday, the SNB set a minimum exchange rate target of 1.20 per euro for the Swiss franc and said it was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Edge Higher On Warm Weather Forecasts

Posted: 06 Sep 2011 07:57 AM PDT

Forexpros – Natural gas futures edged higher on Tuesday, as forecasts showed warmer-than-normal weather was expected to return to most parts of the U.S. next week, but gains were limited as fears over a potential disruption to supplies in the Gulf of Mexico subsided.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.871 per million British thermal units during U.S. morning trade, gaining 0.33%.

It earlier rose as much as 1.83% to trade at USD3.930 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stocks Slide, Briefly Pare Losses On ISM Services

Posted: 06 Sep 2011 02:52 AM PDT

09/06/11 Wall Street tumbled at the open, on euro-zone sovereign debt worries and global growth concerns. ISM services came in above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Close To 7-week Low After U.S. ISM Data

Posted: 06 Sep 2011 07:47 AM PDT

Forexpros – The euro was trading close to a seven-week low against the U.S. dollar on Tuesday, after industry data showed that activity in the U.S. service sector expanded unexpectedly last month.

EUR/USD hit 1.4029 during U.S. morning trade, the pair's lowest since July 18; the pair subsequently consolidated at 1.4035, shedding 0.44%.

The pair was likely to find short-term support at 1.3950, the low of July 13 and resistance at 1.4172, Monday's high.

The Institute for Supply … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Test Intraday Support At 77.15

Posted: 06 Sep 2011 07:40 AM PDT

The USDJPY is testing the midpoint of the days range and the 100 bar MA on the 5 minute chart. The level should act as support for the pair.  A break, however, is further disappointment for the longs.
With the USDCHF and EURCHF sharply higher today on the SNB pegging of the EURCHF, the JPY is being left behind  Yes the price of USDJPY moved higher and broke above the 77.21 today that has contained most rallies for the pair over the last month of trading. However, the high today … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Pares Gains But Remains Well-supported Close To Record

Posted: 06 Sep 2011 07:35 AM PDT

Forexpros – Gold futures trimmed gains on Tuesday, pulling back from an all-time high after better-than-expected data on U.S. service sector activity, but the precious metal was expected to remain well-supported amid fears over the global economic outlook.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,900.65 a troy ounce during U.S. morning trade, climbing 1.4%.

It earlier rose as much as 2.5% to trade at an all-time high of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD At 7-week Low After U.S. ISM Report

Posted: 06 Sep 2011 07:28 AM PDT

Forexpros – The pound remained down against the U.S. dollar on Tuesday, trading close to a seven-week low after an industry report showed that the U.S. services sector expanded unexpectedly in August.

GBP/USD hit 1.6011 during U.S. morning trade, the pair's lowest since July 18; the pair subsequently consolidated at 1.6018, shedding 0.61%.

Cable was likely to find support at 1.6004, the low of July 18 and resistance at 1.6185, Monday's high.

The Institute for Supply Management said its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

All Eyes On Europe As Swiss Officials Intervene To Weaken Franc & German Factory Orders Decline

Posted: 06 Sep 2011 01:15 AM PDT

09/06/11 NYFP’s Morning Market Brief: The latest in news, commentary, and information on what’s moving the US equities markets just prior the NYSE opening bell including an intervention of the Swiss Franc and a drop in German factory … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

How To Find Opportunities From Blood, Debt & Fears

Posted: 05 Sep 2011 10:00 PM PDT

My long-time friend and mentor Seymour Schulich forwarded an email to me that puts today's U.S. government debt mountain startlingly into context. By removing several zeros, one can place the debt situation in terms we all can understand—that of a family's income and expenses.

A family who takes in an annual income of $21,700 but spends $38,200 will soon be in dire straights. The large outstanding balance on the credit card only exacerbates the situation. Clearly, spending cuts need to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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