DailyMarkets.com - Ecolab-Nalco Deal Moves Ahead

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• Ecolab-Nalco Deal Moves Ahead
• H&R Block Betters Est, Lags Topline
• Hot Option Plays: Breaking Bad
• Crude Slides Over -2% On Dismal Jobs Data
• August Sales Up At BJ’s
• Integrys Expands Into CNG Business
• Reddit Ask Me Anything
• Gold Futures Climb In U.S. Mid-day Trade
• “Hopefully Fed Will Come Out With True Support”
• Updating The Key Reference Levels On The SP500 September 2
• CIT To Lower Debt By $1.4 Billion
• Natural Gas Stockpiles Up 55 Bcf
• USD Holds Onto EUR Gains, Down Vs. CHF And JPY
• Western Union Stays Neutral
• Verizon Ups Dividend By 2.5%
• European Markets Close Lower; Dax Down 3.36%
• The Zero Economy
• Forex – USD/JPY Falls In Mid-day U.S. Trade
• Cartoon Of The Day: The First Economist
• Cytomedix Fundamentals Improving
• Cytomedix Fundamentals Improving
• August Sales Up At The Buckle
• NYSE Expands In Asia With Metabit
• Forex – EUR/USD Loses Ground In Early U.S. Trade
• NextEra Sells Four Gas Powered Plants
• Cliffs, Cockatoo Partner Pluton
• Forex – USD/JPY Down Toward The End Of European Session
• Forex Trading: USDCHF Steps Up From Support Through Resistance Levels One By One.
• Jamba Expands Through Franchising
• DENTSPLY Closes Astra Tech Buy
• Forex – GBP/USD Up Toward The End Of European Session
• Forex Trading: GBPUSD Maintains Its Range
• Forex – EUR/USD Down During The European Session
• Forex Trading: AUDUSD Falls Below Trendline And 100 Hour MA
• Forex – GBP/JPY Down In European Trading Hours
• Yields Plunge After U.S. Labor Report
• Forex – USD/CAD Up During The European Session

Ecolab-Nalco Deal Moves Ahead Posted: 02 Sep 2011 11:35 AM PDT Leading cleaning and sanitation products company Ecolab Inc. (NYSE:ECL) has won the key antitrust clearance for its proposed acquisition of Illinois-based water treatment company Nalco Holding Company (NYSE:NLC) in a ca sh and stock deal worth roughly $8 billion. The Minnesota-based company announced a deal to buy Nalco in July 2011. The transaction, which is now subject to approval of the shareholders of both the companies and customary regulatory clearances, is expected to close in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

H&R Block Betters Est, Lags Topline Posted: 02 Sep 2011 11:35 AM PDT H&R Block's (NYSE:HRB) reported an adjusted loss of 37 cents per share in fiscal first-quarter 2012 ending July 31, narrower than the Zacks Consensus Estimate of a loss of 39 cents. Results however, compare unfavorably with the loss of 35 cents incurred in the year-ago period. Adjusted loss for the quarter was $111.2 million, wider than $110.8 million reported in fiscal first-quarter 2011. H&R Block incurred a goodwill impairment charge of $59.2 million or 19 cents per share, litigation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Breaking Bad Posted: 02 Sep 2011 11:18 AM PDT Cusick’s Corner The market was breaking overnight — EU still on the brain and then the data, specifically the payroll numbers coming in much lower, took the market to the lows, S&Ps 1175. We had a small bounce from these levels but the action looks to be muted for the rest of the day going into the long weekend. I mentioned potential uncertainty in Gold (and there was), but the precious metal had a flight bid, Gold futures up $50, and the action is definitely bearish going into the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Slides Over -2% On Dismal Jobs Data Posted: 02 Sep 2011 11:00 AM PDT 09/02/2011 Crude oil futures fell sharply on the unchanged nonfarm payrolls number. Ahead of Labor Day, Tropcial Storm Lee is also being closely … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

August Sales Up At BJ’s Posted: 02 Sep 2011 10:55 AM PDT BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the four-week period ended August 27, 2011. After registering a jump of 9.2% in July 2011, BJ's experienced comparable club sales growth of 11.5% in August. Rising gasoline prices aided comparable club sales by 3.6% during the four-week period. The reported month's comparable club sales growth fared better than the 2.4% increase registered in the prior-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Integrys Expands Into CNG Business Posted: 02 Sep 2011 10:55 AM PDT In response to growing customer needs, Integrys Energy Group Inc. (NYSE:TEG) yesterday announced its entry into the compressed natural gas (CNG) fuel business, a wing that complements its existing skill set in regulated and non-regulated natural gas and electric services. Putting its first step forward in the new marketplace Integrys said it is acquiring two operating businesses involved in CNG fueling, Pinnacle CNG Systems and Trillium USA, from Wagner & Brown Ltd. Under the transaction, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Reddit Ask Me Anything Posted: 02 Sep 2011 10:51 AM PDT I'll be answering questions on Reddit for the next few hours … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Climb In U.S. Mid-day Trade Posted: 02 Sep 2011 10:44 AM PDT Forexpros – Forexpros – Gold futures padded gains in U.S. trade Friday, as investors fled riskier equities markets in favor of safe-havens following the release of discouraging U.S. labor numbers and a sharp drop on Wall Street. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,873.65 a troy ounce during mid-day U.S. trade, up USD49.10 or 2.7%. The U.S. Labor Department reported earlier Friday that non-farm payrolls remained flat in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Hopefully Fed Will Come Out With True Support” Posted: 02 Sep 2011 05:40 AM PDT 09/02/11 Meridian Equity Partners’ Joseph Greco discusses the August jobs report and quantitative easing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Updating The Key Reference Levels On The SP500 September 2 Posted: 02 Sep 2011 10:39 AM PDT Well that was interesting – absolutely no jobs were created in August, so says the Non-Farm Payrolls report released September 2nd. Understandably – both from a news and chart perspective – the market fell sharply Friday morning. However, what does this mean in the bigger chart picture, and what are the critical support and resistance levels we all are watching? Let's start with the weekly frame and move lower: Cutting right to the point, the upper confluence resistance area on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CIT To Lower Debt By $1.4 Billion Posted: 02 Sep 2011 10:35 AM PDT On Wednesday, CIT Group Inc. (NYSE:CIT) announced that it would redeem $1 billion of 7% Series A second lien notes for a redemption price set at 102% of the total principal amount. Additionally, CIT also stated that in August the company finished open market repurchase of about $400 million of Series A debt. This included nearly $300 million of Series A Second lien Notes (maturing in 2014) and $100 million of Series A Second lien Notes (maturing in 2017). CIT aims to complete the redemption on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Stockpiles Up 55 Bcf Posted: 02 Sep 2011 10:35 AM PDT The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected build-up in natural gas supplies on the back of increased cooling demand spurred by extremely hot weather in the Gulf Coast region. The Weekly Natural Gas Storage Report brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, the latest storage level estimates, recent weather data and other market activities or events. The report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD Holds Onto EUR Gains, Down Vs. CHF And JPY Posted: 02 Sep 2011 05:20 AM PDT 09/02/11 Safe-haven demand drove the USD lower against the CHF and JPY, while the EUR fell on concerns over … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Western Union Stays Neutral Posted: 02 Sep 2011 10:05 AM PDT We are reiterating our Neutral recommendation on the shares of Western Union Co. (WU) following second quarter 2011 results. The company reported second quarter earnings of 42 cents per share, beating the Zacks Consensus Estimate by 5 cents per share, on the back of strong margin improvement led by its Consumer-to-Consumer (C2C) segment. Earnings per share (EPS) also surpassed 36 cents per share recorded in the prior-year period.  Western Union's key business, C2C (accounts for more than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon Ups Dividend By 2.5% Posted: 02 Sep 2011 10:05 AM PDT Verizon Communications Inc. (NYSE:VZ) has recently increased its quarterly dividend by 2.5% to 50 cents per share from 48.8 cents. The increased dividend equates to $2.00 per share on an annualized basis and will be paid on November 1, 2011, to shareholders of record as of October 7. Verizon remains committed to offer incremental returns to its shareholders via dividends and by leveraging a healthy free cash flow. The company distributed $5.3 billion and $5.4 billion as dividends to its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 3.36% Posted: 02 Sep 2011 10:05 AM PDT Forexpros – European stocks were down after the closing bell on Friday. At the close of European trade, Germany's DAX fell 3.36%, London's FTSE 100 shed 2.34%, France's CAC 40 declined 3.59% and the EURO STOXX 50 was down 3.81%. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Zero Economy Posted: 02 Sep 2011 10:01 AM PDT The Bureau of Labor Statistics reports today no jobs were created in August. Zero. Nada. Well, not quite. The strike at Verizon reduced the labor force by 45,000. Minnesota government employees returned to work, adding 22,000. So in reality, America added 23,000 jobs. Almost zero. In reality, worse than zero. We need 125,000 a month merely to keep up with population growth. So the hole continues to deepen. Since this Depression began at the end of 2007, America's potential labor force – … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Falls In Mid-day U.S. Trade Posted: 02 Sep 2011 09:57 AM PDT Forexpros – Forexpros – The U.S. dollar moved lower against the Japanese yen in U.S. trade Friday, as stagnant U.S. labor growth fueled further concerns of a slowdown in the world's largest economy. In mid-day U.S. trade, USD/JPY hit 76.97, the pair's highest since Monday; the pair subsequently consolidated at 76.80, dropping 0.17%. The pair was likely to find support at 75.97, the low of August 19, and resistance at 77.24, Thursday's high. Earlier Friday, the U.S. Labor Department … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cartoon Of The Day: The First Economist Posted: 02 Sep 2011 09:38 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cytomedix Fundamentals Improving Posted: 02 Sep 2011 09:35 AM PDT Cytomedix Fundamentals Improving Jason Napodano, CFA Update on CMS Reimbursement On August 31, 2011, Cytomedix (CMXI) provided an update on AutoloGel coverage and reimbursement following its recent meeting with the Centers for Medicare & Medicaid Services (CMS). As a reminder, management filed a submission for reconsideration of the National Coverage Determination (NCD) for AutoloGel in May 2011. This process dates back over seven years, to when CMS first reviewed and rejected the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cytomedix Fundamentals Improving Posted: 02 Sep 2011 09:35 AM PDT Cytomedix Fundamentals Improving Jason Napodano, CFA Update on CMS Reimbursement On August 31, 2011, Cytomedix (CMXI) provided an update on AutoloGel coverage and reimbursement following its recent meeting with the Centers for Medicare & Medicaid Services (CMS). As a reminder, management filed a submission for reconsideration of the National Coverage Determination (NCD) for AutoloGel in May 2011. This process dates back over seven years, to when CMS first reviewed and rejected the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

August Sales Up At The Buckle Posted: 02 Sep 2011 09:35 AM PDT The Buckle Inc. (NYSE:BKE) reported net sales of $95.3 million in August 2011, up 11.9% from $85.2 million in August 2010. The company's comparable store sales also rose 8.3% in the same period.  Total sales for the men's side of business leaped 10.0% year over year and represented 38% of total sales for the month versus approximately 38.5% in August last year. Sales from the women's side of business accounted for 62% of total sales as against 61.5% in the year-earlier month, reflecting … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NYSE Expands In Asia With Metabit Posted: 02 Sep 2011 09:35 AM PDT Yesterday, NYSE Euronext Inc. (NYSE:NYX) announced the closure of the acquisition of Tokyo-based Metabit, which offers high quality market access products through more than 140 trading firms across Japan and Asia. However, the terms and financials of the deal were not disclosed. On August 1, 2011, NYSE had announced that it had entered into an agreement to purchase Metabit. Accordingly, the company's NYSE Technologies portfolio will absorb Metabit that will operate as a product line. The market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Loses Ground In Early U.S. Trade Posted: 02 Sep 2011 09:10 AM PDT Forexpros – Forexpros – The euro moved lower against the U.S. dollar in early trade Friday, after the release of data showing payrolls in the U.S. remained flat. EUR/USD hit 1.4288 in early U.S. trade, the pair's highest since Thursday; the pair subsequently consolidated at 1.4219, falling 0.27%. The pair was likely to find support at 1.4105, the low of August 11, and resistance at 1.4549, Monday's high. A U.S. Labor Department report Friday, showed that non-farm payrolls made no gains in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NextEra Sells Four Gas Powered Plants Posted: 02 Sep 2011 09:05 AM PDT NextEra Energy Inc. (NEE) said that its competitive energy subsidiary NextEra Energy Resources LLC has agreed to sell its ownership interest in a portfolio of natural gas-fired generating assets to LS Power for $1.05 billion. The natural gas-fired facilities to be disposed as part of the transaction include the 507-megawatt Blythe Energy Center in Blythe, California; the 668-megawatt Calhoun Energy Center in Eastaboga, Alabama; the 98-megawatt Cherokee Energy Center in Gaffney, South … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cliffs, Cockatoo Partner Pluton Posted: 02 Sep 2011 09:05 AM PDT Cliffs Asia Pacific Iron Ore, a subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF), along with Cockatoo Mining, and HWE Cockatoo, a joint venture partner of Cliffs, recently signed a legally binding term sheet with Pluton Resources Limited (NYSE:PLV). As per the term sheet, Pluton will acquire its interest in the Cockatoo Island mining tenements and certain infrastructure assets of Cockatoo Island joint venture. The deal is expected to close by late 2012, when the third stage of mining operations … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of European Session Posted: 02 Sep 2011 08:40 AM PDT Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. USD/JPY was trading at 76.77, down 0.21% at time of writing. The pair was likely to find support at 76.43, Wednesday's low, and resistance at 77.24, Thursday's high. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDCHF Steps Up From Support Through Resistance Levels One By One. Posted: 02 Sep 2011 08:35 AM PDT Looking at the 5 minute chart above, the pair has been stepping from level to level as it corrects from the lows. At step 1 the price moved above the channel trendline. That led to a test of point 2, the low from earlier in the trading day.  From there the price moved above the 100 bar MA (blue line) toward the 61.8% retracement level.  A correction down, held support against the 100 bar MA in the chart.  From there, the price has moved back higher and looks to breach the 61.8% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jamba Expands Through Franchising Posted: 02 Sep 2011 08:30 AM PDT Jamba Inc (JMBA), which currently operates more than 752 stores, recently announced the opening of its first franchised store in Massachusetts with a new franchisee Corey Peterson, who boasts an experience of 17 years in the restaurant business. To further boost its presence in the state, the company plans to open an additional 3 stores with Peterson. The Emeryville, California-based company stated that the new store has been opened on the second floor of the Northshore Mall in Peabody. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DENTSPLY Closes Astra Tech Buy Posted: 02 Sep 2011 08:30 AM PDT Leading dental products maker DENTSPLY International (NASDAQ:XRAY) has wrapped up its acquisition of Sweden-based Astra Tech, the dental implant division of multinational drug major AstraZeneca PLC (NYSE:AZN), for $1.8 billion in cash. This follows the recent regulatory clearance for the deal which was announced in June 2011. The company has financed the purchase with cash, commercial paper and long-term debt. Astra Tech, with annual sales of $535 million, is a leading provider of dental implants and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 02 Sep 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. GBP/USD was trading at 1.6216, up 0.22% at time of writing. The pair was likely to find support at 1.6132, Thursday's low, and resistance at 1.6454, Monday's high. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD Maintains Its Range Posted: 02 Sep 2011 08:17 AM PDT … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session Posted: 02 Sep 2011 08:00 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.4208, down 0.36% at time of writing. The pair was likely to find support at 1.4186, today's low, and resistance at 1.4549, Monday's high. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUDUSD Falls Below Trendline And 100 Hour MA Posted: 02 Sep 2011 07:49 AM PDT The AUDUSD fell below trendline and 100 hour MA support at the 1.0692 and 1.0682 levels respectively. The price decline extended to the 38.2% retracement of the move up from the August 25th low at the 1.06298 (low reached 1.0634).   The price bounced higher, but stalled right at the 100 hour MA (blue line in the chart above).   The price is now in between the support and resistance. Fighting for the bulls is that the economy in Australia is doing better on a relative … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours Posted: 02 Sep 2011 07:40 AM PDT Forexpros – The British Pound was lower against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. GBP/JPY was trading at 124.30, down 0.14% at time of writing. The pair was likely to find support at 124.14, Thursday's low, and resistance at 126.58, Monday's high. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Yields Plunge After U.S. Labor Report Posted: 02 Sep 2011 07:36 AM PDT Don't let anyone try to convince you that today's low interest rate environment is dull and that opportunity is a thing of the past. Within the space of less than 24 hours the 10-year treasury yield has swung by a full quarter of one percent or 25 basis points sparked by a combination of a slowing economy and what measures might be adopted by the central bank to halt the slump. Treasury futures on Friday ran in to stiff overhead resistance after benchmark U.S. government yields approached … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up During The European Session Posted: 02 Sep 2011 07:20 AM PDT Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. USD/CAD was trading at 0.9818, up 0.48% at time of writing. The pair was likely to find support at 0.9726, Wednesday's low, and resistance at 0.9846, today's high. 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 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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