Wednesday, September 14, 2011

DailyMarkets.com - Google Beefs Up Flight Search

DailyMarkets.com - Google Beefs Up Flight Search

Google Beefs Up Flight Search

Posted: 14 Sep 2011 12:15 PM PDT

Google Inc's (NASDAQ:GOOG) revamped air ticket portal launched without much fanfare on Tuesday. Without a doubt, the search giant is entering the travel market, something made easy with its acquisition of ITA Software, which was recently cleared by the Justice Department.
As may be expected with any strategic acquisition, there was a significant amount of controversy and opposition from other companies offering travel services or dependent on ITA technology, such as Microsoft Corp (NASDAQ:MSFT), Kayak … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pfizer Extends Icagen Offer Again

Posted: 14 Sep 2011 12:15 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 September 12, 2011 (6 pm, New York City time), is now scheduled to expire on September 19, 2011 (6 pm, New York City time). Pfizer said that it will not extend the offering period further.
As of September 12, 2011, about 5,094,558 shares of Icagen's common stock were validly tendered. Besides this, Pfizer owns … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant, MKEK Strengthen Ties

Posted: 14 Sep 2011 12:05 PM PDT

Alliant Techsystems Inc. (NYSE:ATK) has received a two-year contract from Mechanical and Chemical Industry Corporation (Makina ve Kimya Endustrisi Kurumu or "MKEK"). The deal extends their decade-long partnership and is a part of the 10-year extension signed in December 2010.
Per the $16.2 million contract, Alliant will provide 25mm tactical and training ammunition components to this Turkish defense firm. The munition, including M792 High Explosive Incendiary with Tracer, (HEI-T) M793 Target … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab Gets New Credit Lines

Posted: 14 Sep 2011 12:05 PM PDT

Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) recently stated that it has arranged a committed bank financing worth $3.5 billion, which will enable it to fund the acquisition of water treatment company Nalco Holding Company (NYSE:NLC).
The Minnesota-based company has entered into a new $2 billion 364-day revolving credit facility and a $1.5 billion five-year revolving credit facility. Ecolab noted that it will utilize these credit facilities for general corporate purposes, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Halts Huldra Production

Posted: 14 Sep 2011 11:35 AM PDT

Statoil ASA's (NYSE:STO) production was hit hard by a fire that broke out at its Huldra platform in the North Sea. The company said that the fire was spotted in an air compressor compartment on the platform, situated west of Mongstad.
While none of the 19 persons on board were injured, gas and condensates production was halted in the Huldra as a preventive measure. Statoil reaffirmed that activities will resume once the situation normalizes. The cause of the incident is yet to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wynn Clears Govt. Hurdle For Cotai

Posted: 14 Sep 2011 11:35 AM PDT

Wynn Macau Limited, a subsidiary of Wynn Resorts Limited (NASDAQ:WYNN) has finally received its long-awaited approval from the Macau Government for development at the Cotai Strip. The land concession contract entails the company to construct a resort with a five-star hotel, gaming areas, retail and other amenities under its hood, in collaboration with Palo Real Estate Company Limited on 51 acres of land in the Cotai area.
Palo will lease the Cotai Land from the Macau government for an initial term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: He Said, She Said – Sarkozy & Merkel

Posted: 14 Sep 2011 11:34 AM PDT

Cusick’s Corner
“They are meeting, no they’re not , yes they are,” all referring to the German-French-US meeting, today’s headlines have been driving the close in the EU and pushing US markets to the highs of the day. The market has hit stiff resistance, 1180 on the S&Ps, so the upside is in play but there is nothing concrete about the EU and solutions, add to the fact we have options expiration and traders will start to make adjustments as Thursday and Friday closes in on us. I think that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade

Posted: 14 Sep 2011 11:15 AM PDT

Forexpros – The Australian Dollar was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Core Retail Sales.

AUD/USD was trading at 1.0262, down 0.48% at time of writing.

The pair was likely to find support at 1.0178, today's low, and resistance at 1.0635, Friday's high.

Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IRIDAS SpeedGrade In Adobe Suite

Posted: 14 Sep 2011 11:05 AM PDT

Adobe Systems Inc. (NASDAQ:ADBE) announced that it has acquired certain assets of privately held IRIDAS, including its acclaimed SpeedGrade project for processing, color grading, and finishing of digital content, plus robust stereo-3D tools. Terms of the deal were not disclosed.
IRIDAS is a leader in high-performance tools for digital color grading and enhancement of professional film and video content, including stereoscopic technology. Color grading, an essential component of finalizing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Options Player Harvests Premium, Sells Ralph Lauren Corp. Calls

Posted: 14 Sep 2011 10:55 AM PDT

Options player harvests premium, sells Ralph Lauren Corp. calls
Today's tickers: RL, OSK, SPLS & RAX
(NYSE:RL) – Ralph Lauren Corp. – The designer of premium-brand lifestyle products ranging from men's and women's fashion to fragrances and home furnishings popped up on our 'hot by options volume' market scanner after one investor traded a large chunk of deep out-of-the-money October contract call options. Shares in Ralph Lauren Corp. fell 2.0% earlier in the session to $135.69, but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Retail Sales Flat In August

Posted: 14 Sep 2011 10:50 AM PDT

Retail and food service sales were unchanged in August, below expectations of a 0.2% increase. July was revised down from an increase of 0.5% to an increase of 0.3%. Total retail sales are up 7.2% from a year ago.

This was a disappointing report, and shows the consumer is still quite cautious. This year, “back to school” did not mean “back to the mall.” The Retail Sales report covers far more than just the malls, however, and is a very broad-based measure of consumer spending.

Since consumer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Frisch’s Dividend A Penny Up

Posted: 14 Sep 2011 10:50 AM PDT

Frisch’s Restaurants Inc. (FRS) recently announced its decision to hike quarterly dividend by a penny to 16 cents per share, reflecting a 6.7% increase from the prior dividend payout. The increased dividend will be paid on October 10, 2011 to stockholders of record on September 26, 2011. This represents the 203rd consecutive quarterly dividend paid by Frisch’s Restaurants and brings the new forward annual dividend yield to 3.22% as of September 12, 2010.
Frisch’s Restaurants has a consistent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 14 Sep 2011 10:45 AM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Wednesday after the release of U.S. data on Core Retail Sales.

USD/JPY was trading at 76.68, down 0.34% at time of writing.

The pair was likely to find support at 76.66, today's low, and resistance at 77.86, Friday's high.

Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Toward The Next Target At 1.3744

Posted: 14 Sep 2011 10:40 AM PDT

Of coure the confenence call comments from Merkel, Sarkozy and Papendreou will be forthcoming and they are likely to express support of Greece.   Perhaps it will be buy the rumor, sell the fact. The 1.3744 level so far is finding profit taking sellers against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“We Are In For Dire Times”

Posted: 14 Sep 2011 10:40 AM PDT

09/14/11 LandColt Trading’s Todd Schoenberger weighs in on the flat retail sales and inflation figures from the US, and ongoing debt crisis in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Margin Climbs At CrowdGather

Posted: 14 Sep 2011 10:35 AM PDT

Ken Nagy, CFA
Margin Climbs at CrowdGather

On September 13, 2011, CrowdGather, Inc. (CRWG), with its networks of forum communities on the Internet, reported financial results for its fiscal 2012 first quarter, ended July 31, 2011.

The first quarter performance resulted in a 1.2 percent year over year increase in revenue, with revenue increasing to $334,036 from $330,079 for the three months ended July 31, 2010.

However, net loss came in weaker, increasing 41 percent year over year to a net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JPMorgan Expects Lower 3Q Revenue

Posted: 14 Sep 2011 10:35 AM PDT

JPMorgan Chase & Co.(NYSE:JPM) anticipates its Investment Bank, Asset Management and Corporate/Private Equity segments to post lower or negative revenues sequentially in the third quarter of 2011. This was stated by Mr. Jes Staley, JPMorgan’s head of investment banking, at the Barclays Global Financial Services Conference.
Mr. Staley commented that JPMorgan's trading revenue would drop 30% in the third quarter from $5.5 billion recorded in the second quarter. The main reason behind the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valero Continues To Outperform

Posted: 14 Sep 2011 10:35 AM PDT

We are maintaining our long-term Outperform recommendation on Valero Energy Corporation (NYSE:VLO) with a target price of $26.00 per share. Valero is one of the largest independent retailers of refined petroleum products in the central and southwestern U.S. and in eastern Canada, with more than 5,800 retail outlets under various brand names, including Diamond Shamrock, Valero, Ultramar and Beacon.
The company returned to profitability in 2010 with further improvements expected throughout 2011 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Weakens, Euro Rebounds On Euro Bond Talks

Posted: 14 Sep 2011 05:30 AM PDT

09/14/11 Helped by European Commision President Juan Manuel Barroso pledging to publish a study on introducing euro bonds, the euro currency rebounded from recent lows this afternoon as investors sought out riskier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 3.36%

Posted: 14 Sep 2011 10:05 AM PDT

Forexpros – European stocks were up after the closing bell on Wednesday.

At the close of European trade, Germany's DAX rose 3.36%, London's FTSE 100 gained 1.02%, France's CAC 40 climbed 1.87% and the EURO STOXX 50 was up 2.29%.

Earlier in the day, official data showed that U.S. core retail sales rose less-than-expected to a seasonally adjusted 0.1% last month from 0.3% in the preceding month whose figure was revised down from 0.5%.

Analysts had expected U.S. core retail sales to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Steep Drop In Crude As Gasoline Inventories Spike

Posted: 14 Sep 2011 05:00 AM PDT

09/14/11 Weak retail sales figures and a surprising spike in gasoline inventories sent front month crude prices trading below $90 a barrel this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WRE Acquires Assets In Virginia

Posted: 14 Sep 2011 09:53 AM PDT

Washington Real Estate Investment Trust (WRE) recently acquired Braddock Place, a 345,000 square foot office campus in Alexandria, Virginia, for $101 million. The acquisition was funded with cash proceeds from its recent sale transaction of an industrial portfolio.
Located within the Braddock Metro Neighborhood Plan, Braddock Place consists of four office buildings and a two-level underground parking facility. The properties are 92% leased to 13 office tenants including associations and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cosi Sees Top-Level Exit

Posted: 14 Sep 2011 09:53 AM PDT

Cosi Inc. (NASDAQ:COSI), a premium casual dining restaurant chain, recently announced that its Chief Executive Officer (CEO), President and a member of the board of directors, James Hyatt has resigned due to personal reasons.
Hyatt joined the company as the CEO, President and director in September 2007 and took all possible measures to improve the company's top line and narrow losses. He believes that the initiatives taken under his tenure to drive traffic and expand margin by reducing costs has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Contagion Has Spread Across Markets And Crisis Has Become Systemic

Posted: 14 Sep 2011 09:53 AM PDT

This is according to an EU document for finance ministers
It adds that there is increased funding difficulties due to to wholesale market liquidity stress and high spreads. For some, there has been difficulty in accessing funding from US banks. It urges that the EU should stand ready to take steps to restore confidence.
Part of the confidence they speak of would be via an increase in the EFSF fund. The other would be dovish comments from the ECB and perhaps a reversal of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Staples Announces Share Buyback

Posted: 14 Sep 2011 09:35 AM PDT

Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, in its attempt to optimize its shareholders' return, recently announced a new share repurchase program.
The newly announced program, which can be terminated any time, has no set expiry date and authorizes the company to buy back up to $1.5 billion shares of its common stock through open market or private transactions.
The company also notified that the new program overrides the previous $1.5 billion program announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke’s Wind Power Power’s DEMEC

Posted: 14 Sep 2011 09:35 AM PDT

Duke Energy Renewables, a commercial business unit of Duke Energy Corporation (NYSE:DUK), will build and operate a new Laurel Hill Windpower Project in Lycoming County, north-central Pennsylvania. Under a 25-year agreement, it will sell the electricity generated from it to Delaware Municipal Electric Corporation (DEMEC).
The company already owns and operates the 70-MW North Allegheny Wind power Project in Blair and Cambria counties, Pennsylvania, which was acquired from Gamesa Energy USA in May … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Has The Natural Gas Market Been Tamed?

Posted: 14 Sep 2011 09:33 AM PDT

Wednesday, September 14, 2011
With the Natural Gas market remaining quiet and a bias to the upside should any issues occur, some traders may wish to explore a position that will benefit if prices go up, stay neutral or go down slightly. An example of one such position would be a long ratio put spread. For example, with December Natural Gas trading at 4.247 as of this writing, the December 4.000 put could be bought and 2 December 3.800 puts sold for a net credit of 0.008, or $80 per spread, not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Testing 100 Hour MA At The 1.3714 Level

Posted: 14 Sep 2011 09:08 AM PDT

The EURUSD is testing the 100 hour MA at the 1.3714 level.  The pair has been supported by expected comments from Merkel, Sarkozy, Papendreou who are scheduled to meet to discuss the Greek problems at 12:45 ET. The expectation is there will be more positive comments from the leaders following their meeting.    
A move above the 100 bar MA has the 38.2% retracement resistance at the 1.37437 level as the next key target (move down from the September 7th high to the low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arrow Downgraded To Neutral

Posted: 14 Sep 2011 09:05 AM PDT

We recently downgraded our recommendation to Neutral from Outperform on Arrow Electronics (NYSE:ARW).
Arrow reported a net income (excluding loss on prepayment of debt and restructuring, integration, and other charges) of $159.8 million or $1.36 per share in the second quarter of fiscal 2011 compared with a net income of $121.3 million or $1.01 per share in the year-earlier quarter.
Arrow, which competes with Avnet, Inc. (NYSE:AVT) reported sales of $5.5 billion in the quarter, up 20% year over year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Motorola Mobility Remains Neutral

Posted: 14 Sep 2011 09:05 AM PDT

We reaffirm our long-term Neutral recommendation on Motorola Mobility Holdings Inc. (MMI) following its recent agreement with Google Inc. (NASDAQ:GOOG), which will enable the later to acquire 100% of the company. Motorola Mobility reported mixed financial results for the second quarter of 2011. While revenue beatsthe Zacks Consensus Estimates EPS fell below it. We believe the company is yet to turnaround since it forecasted a disappointing third-quarter 2011 financial outlook mainly due to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue August Traffic Rises

Posted: 14 Sep 2011 08:41 AM PDT

The discounted U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) reported a 5.8% year-over-year increase in August 2011 traffic. Airline traffic is measured in billions of revenue passenger miles, which implies one mile flown by one passenger.
On a year-over-year basis, capacity (or, available seat miles) grew 4.6% and load factor (percentage of seats filled with passengers) increased 90 basis points (bps) to 87.3% from 86.4%.
JetBlue saw strong traffic in August unlike its largest rivals Delta … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walgreen Joins U.S. Cardiac Program

Posted: 14 Sep 2011 08:41 AM PDT

Walgreen (NYSE:WAG), the US Department of Health and Human Services (HHS), the Centers for Disease Control and Prevention (CDC) and the Centers for Medicare and Medicaid Services (CMS) have teamed up in a campaign called Million Hearts Initiative in order to prevent 1 million heart attacks and strokes over 5 years.
The consortium that claims heart disease and stroke to be the first and third major causes of death, aims at a coordinated approach to promote the quality of treatment and reduce the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unilife Develops Self-infusion System

Posted: 14 Sep 2011 08:41 AM PDT

Retractable syringes maker Unilife Corporation (UNIS) reported that it has developed the AutoInfusor subcutaneous (under the skin) infusion systems. It is the world's first and only automated subcutaneous infusion system geared for patient self-administration of drugs with dose volumes between 3mL (milliliter) and 10mL.
The single-use, wearable, AutoInfusors drug delivery systems are intended for simple and convenient use by patients. These breakthrough infusion systems can be customized to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover Charge-off Hits New Low

Posted: 14 Sep 2011 08:41 AM PDT

On Monday, Discover Financial Services (NYSE:DFS) declared its credit card charge-offs for the month of August 2011, through a regulatory filing. The company recorded a total charge-off of only $50.8 million, or 3.6% of balances on an annualized basis, down from $54.4 million or 3.83% in July 2011. This is the lowest figure since the beginning of the economic recession a couple of years ago.
The credit card defaults of Discover have been steadily improving over the past six months, leading to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta To Fly Less In 2012

Posted: 14 Sep 2011 08:41 AM PDT

The second largest U.S. airline Delta Air Lines Inc. (NYSE:DAL) plans to trim its capacity by 2–3% next year followed by this year's capacity reductions. The cuts will be in markets where fare hikes are unable to deal with higher fuel prices.
The company's flight reduction strategy is well in force even this year. Management reaffirmed 4–5% capacity cut by the fourth quarter of this year. Domestic capacity will be slashed by 1–3% and international capacity by 4–6%. In the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Universal Forest Strategizes To Grow

Posted: 14 Sep 2011 08:41 AM PDT

After reporting disappointing second quarter 2011 results, Universal Forest Products Inc. (NASDAQ:UFPI) proposes to undertake initiatives to drive profitability and growth. The company recently announced some strategic changes to augment new product development and fuel international sales. The changes are likely to be effective from October 1, 2011. 
The responsibilities of the business development initiatives have been assigned to the company's Eastern Division President C. Scott Greene. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis Discusses Long-Term Goals

Posted: 14 Sep 2011 08:41 AM PDT

Novartis(NYSE:NVS), the Swiss drug manufacturer, recently discussed its long-term strategy and gave an overview of the growth benefits from the Alcon merger.
In early April 2011, Novartis completed the merger with Alcon, following which the latter became the second-largest division within Novartis. Alcon division includes Novartis' CIBA Vision contact lens and lens care business and select eye care medicines (excluding Lucentis) besides the legacy Alcon business.
Alcon is expected to position … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day: Opportunity Cost

Posted: 14 Sep 2011 08:36 AM PDT

“And if you drive a typical car more than a mile out of your way for each penny you save on the per-gallon price, it doesn’t matter how worthless your time is to you – the gas to get there and back costs more than you save.”  Source.

HT: Don … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Open Higher, Turn Lower As EU Back In Focus

Posted: 14 Sep 2011 08:20 AM PDT

09/14/11 The Dow and USD reversed earlier action, as Euro-zone debt worries back in focus. US PPI and retail sales were flat, while business inventories gained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charts Of The Day: College Degrees And Employers

Posted: 14 Sep 2011 07:51 AM PDT

From The Economist:

Female Graduation Rates around the world.

World’s largest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Edges Higher Ahead Of Greece Debt Talks

Posted: 14 Sep 2011 07:48 AM PDT

Forexpros – The U.S. dollar edged higher against almost all of its major counterparts on Wednesday, amid uncertainty ahead of a scheduled conference call between the leaders of Greece, France and Germany to discuss progress on Greece's bailout.

During U.S. morning trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.06% to hit 1.3669.

The euro found support earlier as concerns over the debt crisis in the euro zone eased after European Commission President … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Hold Losses After Mixed U.S. Inventory Data

Posted: 14 Sep 2011 07:47 AM PDT

Forexpros – Crude oil futures held on to losses on Thursday, after a government report showed U.S. crude supplies fell significantly more-than-expected last week, while gasoline inventories rose unexpectedly.

On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD88.78 a barrel during U.S. morning trade, tumbling 1.62%.

It earlier fell as much as 1.8% to trade at a daily low of USD88.53 a barrel.

The contract traded at USD89.18 prior to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ponzi To Perry: The Truth About Social Security

Posted: 14 Sep 2011 07:36 AM PDT

AEI economist Andrew Biggs (formerly principal deputy commissioner of Social Security) writes in the American.com (emphasis added): 

“What makes the Social Security/Ponzi references so common is the similarity in the way they are financed. In both cases, early participants receive payments, not from interest on their own investments, but directly from inflows from later participants. If you were describing the mechanics of how Social Security's financing works, it wouldn't be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chase Freedom Credit Card Gives You 5% Cash Back On Shopping, Dining This Year End

Posted: 14 Sep 2011 07:35 AM PDT

Now that summer is coming to an end, and October is fast approaching, those of you who are thinking of saving more money when it comes to dining out, shopping or movies during the next few months, should consider getting the Chase Freedom credit card, issued by JPMorgan Chase (NYSE:JPM), which lets you earn 5% bonus cash back on dining, movies, and department stores.

From October 1 till December 31, 2011, you will earn 5% cash back on the first $1,500 spent on dining purchases, movies, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Edge Lower On Profit Taking

Posted: 14 Sep 2011 07:33 AM PDT

Forexpros – Natural gas futures edged lower on Wednesday, pulling back from a three-day high as some mild-profit taking emerged after Tuesday's sharp gains.

On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.979 per million British thermal units during U.S. morning trade, easing down 0.1%.

It earlier fell as much as 0.7% to trade at a daily low of USD3.956 per million British thermal units.

Natural gas prices jumped nearly 2.5% on Tuesday to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Off Daily High After U.S. Retail, PPI Data

Posted: 14 Sep 2011 07:27 AM PDT

Forexpros – The pound erased gains against the U.S. dollar on Wednesday, retreating from the daily high after government data showed that U.S. retail sales and producer prices were flat in August.

GBP/USD pulled back from 1.5815, the daily high, to hit 1.5768 during U.S. morning trade, slipping 0.08%.

Cable was likely to find support at 1.5705, the days low and an eight-month low and resistance at 1.5869, Tuesday's high.

The Commerce Department said U.S. retail sales were flat in August, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Is Down But Grind Is Slow And Support Buyers Remain

Posted: 14 Sep 2011 07:09 AM PDT

The USDCHF is down on the day and moved to new 3 day lows for the pair. The fall breached the 38.2% of the move up from the low on September 6th (the day after intervention) and the high reached on September 12th. That level comes in at the 0.87769 level.
The price decline moved below yesterdays low, but rebounded and is now back above the 38.2% at the 0.87769 area.   Staying above this level should lead to a further boost with a move above the 100 hour MA at the 0.8800 the next key … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Business Inventories Rise Less-than-expected In July

Posted: 14 Sep 2011 07:04 AM PDT

Forexpros – U.S. business inventories rose less-than-expected in July, official data showed on Wednesday.

In a report, the U.S. Census Bureau said that wholesale inventories rose by 0.4% in July, short of expectations for a 0.5% gain.

June's figure was revised to an increase of 0.4% from a previously reported 0.3% gain.

Year-on-year, business inventories rose at an annualized rate of 10.6% in July, after rising at a rate of 11.1% in June.

Following the release of the data the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Firms As Merkel Reassures Market On Greek Finances

Posted: 14 Sep 2011 07:02 AM PDT

Fundamental Headlines
• Credit Agricole, Societe Generale Ratings Cut – Bloomberg
• Pessimism Rises as 72% See U.S. Economy on Wrong Course – Bloomberg
• Asia Corporate Sentiment Slides on Global Worries – Reuters
• Merkel Lessens Fears Over Greece – WSJ
• U.S. Futures Jump – WSJ
European Session Summary
The Euro continued its bid higher on Tuesday after it became clear that the markets were not going to be dealt a severe blow by an imminent Greek default. The past several … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Trims Gains After Disappointing U.S. Data

Posted: 14 Sep 2011 06:58 AM PDT

Forexpros – The euro trimmed gains against the U.S. dollar on Wednesday, pulling back from a three-day high after reports showing that U.S. retail sales and producer prices were flat in August.

EUR/USD pulled away from 1.3747, the pair's highest since last Friday, to hit 1.3694 during U.S. morning trade, up 0.12% on the day.

The pair was likely to find support at 1.3557, Tuesday's low and an almost seven-month low and short-term resistance at 1.3738, Tuesday's high.

The Commerce … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Walmart Supports Women

Posted: 14 Sep 2011 06:55 AM PDT

Walmart Stores Inc. (NYSE:WMT), the world's leading grocery retailer, has a basket of plans aimed at women across the globe for next five years. The company has announced plans to invest in goods and services from U.S. businesses owned by women and would also train women workers across the globe to boost their productivity.
Walmart plans to spend $20 billion in products from women-owned businesses in the United States. It averages $4 billion per year, versus $2.5 billion it currently spends. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Samsung Sues Apple In French Court

Posted: 14 Sep 2011 06:55 AM PDT

The legal tensions between Apple Inc. (NASDAQ:AAPL) and Samsung Electronics Co. keeps intensifying, the latest development being that the latter has filed a case against Apple in a district court in Paris, France.
Samsung filed a compliant against the tech-giant, accusing Apple’s iPhones and iPads to have infringed on three technology patents relating to its UMTS (Universal Mobile Telecommunications System).
UMTS is a third-generation (3G) broadband, packet-based transmission of text, digitized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Extend Losses Amid Euro Zone Hopes

Posted: 14 Sep 2011 06:52 AM PDT

Forexpros – Gold futures extended losses on Wednesday, as a cautious sense of optimism that euro zone policymakers will make progress in resolving the region's debt crisis dampened the safe haven appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,817.65 a troy ounce during U.S. morning trade, slumping 0.54%.

It earlier fell as much as 0.95% to trade at a daily low of USD1,816.35 a troy ounce.

Concerns … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Tests 38.2% Of Days Range In Up And Down Action

Posted: 14 Sep 2011 06:46 AM PDT

The 100 hour MA level at the 1. 3722 area currently held upside resistance and the price rotated back lower.  The pair fell to the 38.2% of the days trading range and held support. Now the price is back above the 1.3700 level as the price swings to the upside and to the downside. 
Short term traders seem to be in control in the NY session at least as these technical levels are holding.  There are comments from European representative which are looking to keep the EURUSD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data On Vivus’ ED Drug

Posted: 14 Sep 2011 06:36 AM PDT

Vivus Inc. (NASDAQ:VVUS) recently presented positive data from a late-stage trial on its erectile dysfunction (ED) candidate, avanafil, at the 47th European Association for the Study of Diabetes Annual Meeting. The REVIEW-Diabetes study (TA-302), which enrolled 390 patients with type I and type II diabetes, demonstrated that patients receiving avanafil achieved significant improvement in erectile function.
The data reported that patients dosed with avanafil showed improvement in the percentage of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Best Buy Co., The Blackstone Group L.P., Cummins, Deutsche Bank AG, Huntsman, InterMune, US Airways Group New, Timberland Company

Posted: 14 Sep 2011 06:36 AM PDT

    Best Buy Co., Inc. (NYSE:BBY) posted Q2 EPS of $0.47, lower than the Zacks Consensus Estimate of $0.53 per share. Revenues for the quarter were flat year-over-year at $11.35 billion, missing the Zacks Consensus Estimate of $11.442 billion

    Share prices of airline company US Airways Group, Inc. (NYSE:LCC) advanced 16.29% after its president said that the airline has not witnessed a decline in demand

    Chief operating officer of engine maker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DTS Partners Interra

Posted: 14 Sep 2011 06:36 AM PDT

DTS Inc. (DTSI) recently announced that it has entered into a partnership with Interra Systems. Under the terms of the partnership, DTS will integrate its high-definition audio codec support into Interra's digital media quality control and media analysis solutions.
Interra Systems is a software products and services provider for the digital media industry. Interra’s Digital Media solutions are led by its flagship product Baton, an automated verification system, which ensures media content … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Retail Sales Disappoint

Posted: 14 Sep 2011 06:36 AM PDT

Europe remains in the headlines, with rating downgrades for two major French banks due to their Greek exposure. But the overall tone of Europe-centric headlines has improved as the Germans have started to back-peddle from some of their tougher statements.

It may be a tad calmer in Europe today, but rest assured that the issue is not going away anytime soon. But we have plenty of economic news on the domestic front this morning, with a soft Retail Sales report and a fairly benign inflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Holds Gains After U.S. Retail Sales, PPI Data

Posted: 14 Sep 2011 06:30 AM PDT

Forexpros – The U.S. dollar held on to gains against its Canadian counterpart on Wednesday, following the release of lackluster data on U.S. retail sales and wholesales prices, while easing concerns over the debt crisis in the euro zone helped limit losses.

USD/CAD hit 0.9937 during U.S. morning trade, the daily high; the pair subsequently consolidated at 0.9907, gaining 0.5%.

The pair was likely to find support at 0.9829, the low of September 8 and resistance at 1.0026, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Investors Still Looking To Europe: Euro Bond Study To Be Released While China Addresses Debt Rumors

Posted: 14 Sep 2011 01:15 AM PDT

09/14/11 NYFP’s Morning Market Brief: The European Commision set to release euro bond study, China responds to Italian debt purchase rumors, and waiting teleconference results between Germany, France, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Are Chain Stores Good Or Bad?

Posted: 14 Sep 2011 06:15 AM PDT

From LearnLiberty.org: 

“Are chain stores good or bad? According to Professor Art Carden, there are reasons to both like and dislike chain stores. The reasons to like chain stores include their ability to lower prices, increase variety, and reduce uncertainty. However, chain stores also do things to dislike such as pursuing special government privileges like subsidies and eminent domain.

Essentially, when chain stores respond to the incentives of the market, they create wealth for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls Back Below 100 Hour MA. This Level And 1.3704 Will Be Eyed.

Posted: 14 Sep 2011 06:14 AM PDT

The price of the EURUSD has fallen below the 100 hour MA at the 1.3725 level (currently and moving lower) and also below the 1.3704 level which was highs and lows in the intraday chart below.  The 38.2% retracement of the days range is the next target to breach at the 1.3687 level (see below).  The 100 and 200 bar MA (blue and green line in the chart below) at the 1.3669 is joined with the 50% of the days range. This level should be key support today for the pair if the momentum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CAG Sets Deadline For Ralcorp

Posted: 14 Sep 2011 06:05 AM PDT

ConAgra Foods Inc. (NYSE:CAG) reaffirmed its $94 a share all-cash offer for the acquisition of Ralcorp Holdings Inc. (NYSE:RAH), setting a deadline for the proposal, which was previously rejected by Ralcorp without a dialogue with ConAgra Foods, on August 12, 2011.
ConAgra Foods has sent an ultimatum of a week's time to Ralcorp Holdings for negotiating on its takeover proposal and thereby announced that it would withdraw its $5.2 billion offer for Ralcorp Holdings, unless the maker of Post cereal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RTN Gets MoD Contract For Boomerang

Posted: 14 Sep 2011 06:05 AM PDT

Raytheon BBN Technologies, a wholly owned subsidiary of Raytheon Company (NYSE:RTN), has been selected by the U.K. Ministry of Defense (MoD) for the supply of Boomerang shooter detection systems. Raytheon Company had acquired BBN Technologies in October 2009 for approximately $350 million.
Per the contract, Raytheon will deliver Boomerang perimeter defense and vehicle systems to the U.K. distributor Maxord Ballistics Limited. Besides, alerting the troops to the location of incoming small arms … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stock Futures Point To Higher Open; Dow Up 0.4%

Posted: 14 Sep 2011 05:44 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Wednesday, erasing earlier losses as a cautious sense of optimism that euro zone policymakers will make progress in resolving the region's debt crisis supported risk sentiment.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a gain of 0.4%, the S&P 500 futures indicated an increase of 0.55%, while the Nasdaq 100 futures pointed to a 0.65% gain.

U.S. stock futures were lower earlier as risk aversion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. PPI Flat In Line With Expectations In August

Posted: 14 Sep 2011 05:41 AM PDT

Forexpros – Producer price inflation in the U.S. was flat in August, official data showed on Wednesday.

In a report, the Bureau of Labor Statistics said that PPI was flat in August, broadly in line with expectations, following a 0.2% gain in July.

Year-over-year, the producer price index rose at an annualized rate of 6.5% in August, after advancing at a rate of 7.2% in July, broadly in line with expectations.

Core PPI, which excludes food and energy costs, rose less-than-expected in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Retail Sales Flat In August

Posted: 14 Sep 2011 05:37 AM PDT

Forexpros – Retail sales in the U.S. were flat in August, official data showed on Wednesday.

In a report, the U.S. Census Bureau said that retail sales were flat in August, confounding expectations for a 0.2% gain.

July's figure was revised down to a 0.3% gain from a previously reported 0.5% increase.

Core retail sales, which exclude automobile sales, rose less-than-expected, inching up 0.1%, below expectations for a 0.2% gain.

Core retail sales for May were revised down to a 0.3% gain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gallup-Healthways Report Well-Being

Posted: 14 Sep 2011 05:25 AM PDT

Healthways (NASDAQ:HWAY), the well-being enhancement company, and statistical research services provider Gallup recently announced the results of the monthly Gallup-Healthways Well-Being Index ("WBI") for August 2011. The overarching WBI measure remained on the higher side at 66.1.
The results in August marked for the first time that obesity scores, on a year-over-year basis, have dropped since the metric was introduced in 2008. The obesity measurement stood at 25.9% in August, thereby … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Another Feather In Qualcomm’s Cap

Posted: 14 Sep 2011 05:25 AM PDT

Qualcomm Inc. (NASDAQ:QCOM) received a shot in its arm from the upcoming Windows operating system of Microsoft Corp. (NASDAQ:MSFT). Qualcomm is collaborating with Microsoft to develop chipsets from its state-of-the-art next-generation Snapdragon platform for notebook and tablets that will use Windows 8 operating system. Moreover, Qualcomm's Gobi mobile Internet connectivity solutions will provide 3G/4G LTE connectivity to those devices that will run on Windows 8 software.
With this, Qualcomm has become … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Slips Vs. Rivals As Euro Zone Concerns Ease

Posted: 14 Sep 2011 05:13 AM PDT

Forexpros – The U.S. dollar gave up early gains against its major counterparts on Wednesday, slipping broadly lower as concerns over the debt crisis in the euro zone eased following remarks by European Commission President Jose Manuel Barroso.

During European afternoon trade, the greenback was down against the euro, with EUR/USD rising 0.40% to hit 1.3733.

Barroso said the commission would soon present options for the introduction of euro area bonds, but he warned that the measure alone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Off 8-month Low, Tracking Euro Higher

Posted: 14 Sep 2011 04:43 AM PDT

Forexpros – The pound erased losses against the U.S. dollar on Wednesday, pulling back from an eight month low, tracking the euro higher as concerns over the euro zone debt crisis eased following remarks by the head of the European Commission.

GBP/USD rebounded from 1.5705; the pair's lowest since January 12, to hit 1.5787 during European afternoon trade, inching up 0.04%.

Cable was likely to find support at 1.5705, the days low and resistance at 1.5869, Tuesday's high.

Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coffee Futures Fall To 3-day Low As Brazil Supply Fears Ease

Posted: 14 Sep 2011 03:45 AM PDT

Forexpros – Coffee futures were down for a second day on Wednesday, falling to a three-day low after Brazil forecast the largest off-cycle harvest in more than a decade, easing concerns over tightening global supplies.

On the ICE Futures Exchange, Arabica coffee for December delivery traded at USD2.6768 a pound during European morning trade, slumping 0.64%.

It earlier fell as much as 0.76% to trade at USD2.6735 a pound, the lowest price since September 9, when prices hit a three-week low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Erases Losses, Boosted By Barroso Comments

Posted: 14 Sep 2011 03:36 AM PDT

Forexpros – The euro erased losses against the U.S. dollar on Wednesday, pulling back from the daily low as comments by the president of the European Commission offered hopes of progress in resolving the debt crisis in the euro zone.

EUR/USD rebounded from 1.3592, the daily low, to hit 1.3714 during European late morning trade, climbing 0.27%.

The pair was likely to find support at 1.3557, Tuesday's low and an almost seven-month low and short-term resistance at 1.3738, Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Look To US Retail Sales Report For Direction

Posted: 14 Sep 2011 03:30 AM PDT

Talking Points

Crude Oil Gains Hinted Ahead as S&P 500 Futures Edge Higher
Gold Outlook Hinges on Traders' Reading of US Retail Sales Data

WTI Crude Oil (NY Close): $90.21 // +2.02 // +2.29%
Risk appetite is seesawing overnight and clouding the outlook for crude oil following conflicting comments from China on its willingness to aid debt-stricken Euro Zone countries. Sentiment soured after Chinese Premier Wen Jiaobao seemingly wrote off assistance in a speech at the World Economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Erases Modest Gains, Slips To Session Low

Posted: 14 Sep 2011 03:21 AM PDT

Forexpros – The U.S. dollar erased modest gains against the Swiss franc on Wednesday, pulling back from the daily high after remarks by the head of the European Commission eased concerns over the debt crisis in the euro zone.

USD/CHF retreated from 0.8853, the daily high, to hit 0.8791 during European morning trade, slipping 0.13%.

The pair was likely to find short-term support at 0.8705, last Friday's low and resistance at 0.8879, Tuesday's high and an almost four-month high.

Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Eurozone Industrial Production (m/m) 1.0% Vs. 1.5% Expected.

Posted: 14 Sep 2011 02:52 AM PDT

… [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/GBP Erases Losses After Barroso Comments

Posted: 14 Sep 2011 02:46 AM PDT

Forexpros – The euro erased losses against the pound on Wednesday, pulling away from the daily low after the head of the European Commission said options for the introduction of euro area bonds would soon be presented.

EUR/GBP pulled back from 0.8639, the daily low, to hit 0.8670 during European morning trade, inching up 0.03%.

The pair was likely to find support at 0.8594, Tuesday's low and resistance at 0.8719, last Friday's high.

The euro found support after Commission President … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Turn Higher As Banks Trim Losses; DAX Up 0.25%

Posted: 14 Sep 2011 02:22 AM PDT

Forexpros – European stock markets erased early losses to trade modestly higher on Wednesday, as shares in French lenders pared sharp losses suffered in the wake of a credit downgrade by ratings agency Moody's earlier in the day.

During European morning trade, the EURO STOXX 50 rose 0.35%, France's CAC 40 climbed 0.4%, while Germany's DAX 30 edged 0.25% higher.

European equities opened lower as risk sentiment was hit after Moody's downgraded the credit ratings of Societe Generale … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Russia Keeps Refi Rate At 8.25%

Posted: 14 Sep 2011 02:13 AM PDT

The Central Bank of Russia held its benchmark refinancing rate steady at 8.25%, but cut the overnight auction-based repurchase rate by 25 basis points to 5.25% and raised the fixed overnight deposit rate by 25 basis points to 3.75%.  The Bank said: “The decision was supported by the assessment of inflation risks and risks to the sustainability of economic growth, including those associated with the uncertainty of the outlook for global economic activity, as well as of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Zone Industrial Production Rises Less-than-expected

Posted: 14 Sep 2011 02:08 AM PDT

Forexpros – Industrial production in the euro zone rose less-than-expected in July, official data showed on Wednesday.

In a report, Eurostat, the European statistics agency said industrial production rose by a seasonally adjusted 1.0% in July, falling short of expectations for a 1.5% gain.

June's figure was revised to a 0.8% from a previously reported 0.7% drop.

Year-on-year, industrial production rose at an annualized rate of 4.2% in July, after climbing at a rate of 2.6% in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Vs. Riavals On Safe Haven Demand

Posted: 14 Sep 2011 01:47 AM PDT

Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as markets remained pessimistic over signs of progress in resolving the ongoing debt crisis in the euro zone.

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.23% to hit 1.3645.

The euro remained under pressure after ratings agency Moody's downgraded the long term debt rating of two of France's largest lenders, citing their exposure to Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.K. Claimant Count Change Rises Less-than-expected

Posted: 14 Sep 2011 01:35 AM PDT

Forexpros – The number of people claiming unemployment benefits in the U.K. rose less-than-expected in August, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the claimant count rose by a seasonally adjusted 20,300 in August, below expectations for an increase of 35,000.

The previous month's figure was revised down to 33,700 from a previously reported 37,100.

The rate of unemployment held steady at 7.9%, broadly in line with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Pulls Back From 6-week High, U.S. Supply Data Eyed

Posted: 14 Sep 2011 01:27 AM PDT

Forexpros – Crude oil futures were down on Wednesday, pulling back from a six-week high as some mild-profit taking emerged after Tuesday's sharp gains, while mounting 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 USD89.22 a barrel during European morning trade, retreating 1.1%.

It earlier fell as much as 1.4% to trade at a daily low of USD88.53 a barrel.

Crude prices jumped nearly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Hits 8-month Low Amid BoE Easing Concerns

Posted: 14 Sep 2011 01:06 AM PDT

Forexpros – The pound fell to an eight-month low against the U.S. dollar on Wednesday, weighed by concerns that the Bank of England may soon implement fresh easing measures to shore up the faltering economy.

GBP/USD hit 1.5707 during early European trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.5740, shedding 0.23%.

Cable was likely to find support at 1.5582, the low of January 12 and resistance at 1.5869, Tuesday's high.

Data on Tuesday showing that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY In Tight Range Amid Intervention Concerns

Posted: 14 Sep 2011 12:53 AM PDT

Forexpros – The U.S. dollar dipped against the yen on Wednesday, but the pair remained in a tight range as concerns over a possible intervention by Japan to weaken the yen left investors reluctant to push the currency higher.

USD/JPY hit 76.84 during late Asian trade, the daily low; the pair subsequently consolidated at 76.89, dipping 0.03%.

The pair was likely to find short-term support at 76.41, the low of August 31 and short-term resistance at 77.58, Monday's high.

The yen remained … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: Euro Firmer In Recent Trade, Recieving Hourly Trend Line Support

Posted: 14 Sep 2011 12:52 AM PDT

There has been some buying in the Euro with the EUR/USD reaching 1.6373 in recent trade. From an hourly perspective we see a bullish trend line showing the pair support; developing since Friday. If upward trends continue, we look to 1.37437 as the next bullish … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Dip As Stronger Dollar Weighs, EZ Debt Supports

Posted: 14 Sep 2011 12:36 AM PDT

Forexpros – Gold futures edged lower on Wednesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal, while mounting fears over the euro zone's sovereign debt crisis continued to lend support.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,824.75 a troy ounce during late Asian trade, dipping 0.15%.

It earlier fell as much as 0.7% to trade at a daily low of USD1,820.55 a troy ounce.

Concerns over the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Hits 2-day Low On Increased Safe Haven Demand

Posted: 14 Sep 2011 12:28 AM PDT

Forexpros – The New Zealand dollar fell to a two-day low against its U.S. counterpart on Wednesday, as growing concerns over the debt crisis in the euro zone and a weaker Australian dollar after data showing a downward revision to inflation weighed.

NZD/USD hit 0.8143 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 0.8191, shedding 0.44%.

The pair was likely to find support at 0.8117, Monday's low and a one-month low and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Switzerland PPI Declines More-than-expected In August

Posted: 14 Sep 2011 12:21 AM PDT

Forexpros – Switzerland’s producer price index fell more-than-expected in August, official data showed on Wednesday.

The Swiss Federal Statistical Office said its producer price index declined by a seasonally adjusted 1.2% in August, after declining by 0.7% in July.

Analysts had expected Swiss PPI to ease by 0.3% in August.

Year-over-year, the producer price index fell at an annualized rate of 1.9% in August, compared to analyst expectations for a 1.1% decline, after dropping at a rate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Hits 5-week Low As Euro Zone Debt Woes Weigh

Posted: 14 Sep 2011 12:08 AM PDT

Forexpros – The Australian dollar fell to a five-week low against its U.S. counterpart on Wednesday, following a downward revision to inflation data and as fears over the debt crisis in the euro zone dampened demand for riskier assets.

AUD/USD hit 1.0180 during late Asian trade, the pair's lowest since August 11; the pair subsequently consolidated at 1.0213, tumbling 0.94%.

The pair was likely to find support at 1.0109, the low of August 11 and resistance at 1.0370, the day's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Singapore Stock Market Update For Wednesday 14 September

Posted: 13 Sep 2011 11:59 PM PDT

Morning Highlights

Our Current Market Sentiment is neutral but biased towards the downside. Support is seen at 2700 with resistance at 2800, with a decrease in volume traded. This could signify that the selling pressure is less intense than in August, but we do expect market to trade sideways for now.
We remain on the sidelines…
Macro Announcements:

Wed 14/09/11: US PPI (Aug), US Retail Sales (Aug)

Thu 15/09/11: SG Retail Sales (July), US CPI (Aug), US Industrial Production (Aug), US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asia Stocks Drop On Euro Zone Fears; Nikkei Falls 1.15%

Posted: 13 Sep 2011 11:46 PM PDT

Forexpros – Asian stock markets were down sharply on Wednesday, with shares in the financial sector leading losses amid mounting fears that the euro zone's sovereign debt crisis will spill over to the region's banking sector.

During late Asian trade, Hong Kong’s Hang Seng Index dropped 1%, Australia's ASX/200 Index sank 1.7%, while Japan's Nikkei 225 Index fell 1.15%.

Asian equities initially opened higher, tracking overnight gains from Wall Street and amid signs of progress in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Falls After Moody’s Downgrades French Lenders

Posted: 13 Sep 2011 11:35 PM PDT

Forexpros – The euro fell against the U.S. dollar on Wednesday, after Moody's Investor Services downgraded the credit ratings of two of France's largest banks, adding to fears over the deepening debt crisis in the single currency bloc.

EUR/USD hit 1.3592 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3618, shedding 0.45%.

The pair was likely to find support at 1.3493, Monday's low and a seven-month low and resistance at 1.3738, Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Gentiva Health Services (GTIV)

Posted: 13 Sep 2011 11:05 PM PDT

We have downgraded our recommendation on Gentiva Health Services (NASDAQ:GTIV) to Underperform, prompted by poor operating performance coupled with weakening financial position. The company’s second-quarter earnings lagged the Zacks Consensus Estimate, on the back of high interest payments as well as increased expenses, resulting in a deteriorated cash position.
However, the strong growth in Hospice segment, driven by the Odyssey acquisition, led to a huge surge in revenue, which was offset by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: BorgWarner, Inc. (BWA)

Posted: 13 Sep 2011 11:05 PM PDT

BorgWarner, Inc. (NYSE:BWA) continues to focus on new product launches supported by new business opportunities and acquisitions. Demand for its fuel-efficient engines and transmissions have grown stronger due to more stringent government regulations. As a result, the company’s revenues soared 28% in the second quarter of 2011, despite a drop in global vehicle production.
Furthermore, the company expects 25% to 28% growth in sales in 2011. Its profit significantly exceeded the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Chico's FAS, Inc.

Posted: 13 Sep 2011 11:05 PM PDT

Chico’s FAS, Inc. (NYSE:CHS) has managed to generate exceptionally strong sales growth in a difficult retail environment. Same-store sales rose an incredible 12.8% in the second quarter of 2011, for instance.
Analysts expect this success to continue over the next couple of years as the company takes market share from its weaker rivals. Based on consensus estimates, analysts project 38% EPS growth this year and 18% growth next year.
These estimates have been rising too after the company reported a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: National Beverage Corp

Posted: 13 Sep 2011 11:05 PM PDT

National Beverage Corp (NASDAQ:FIZZ) has been a steady player in the weak market, recently hitting a new 52-week high on another strong quarter. With estimates on the rise and a high industry rank this Zacks #1 Rank stock is bubbling with momentum.
Company Description
National Beverage Corp, together with its subsidiaries, develops, sells and distributes a line of beverage products in the United States. The company was founded in 1985 and has a market cap of $739 million.
FIZZ has been a steady … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: STAAR Surgical Co.

Posted: 13 Sep 2011 11:05 PM PDT

STAAR Surgical Co (NASDAQ:STAA) nearly doubled last month while other stocks were getting crushed. Valuations are high, but if the outlook for this Zacks #1 Rank (Strong Buy) keeps getting better the gains could keep coming.
Company Description
STAAR Surgical makes minimally invasive ophthalmic implantable lenses as an alternative to LASIK. The company also has lenses to replace the eye’s natural lens after cataract surgery.
Seeing Green
On Aug 2 the company reported a 19% increase in revenue, to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The Asian Session

Posted: 13 Sep 2011 10:55 PM PDT

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

EUR/USD was trading at 1.3634, down 0.32% at time of writing.

The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Friday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.16% to hit 0.8654 and EUR/JPY falling 0.41% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In Asian Trade

Posted: 13 Sep 2011 10:25 PM PDT

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

GBP/USD was trading at 1.5759, down 0.13% at time of writing.

The pair was likely to find support at 1.5742, today's low, and resistance at 1.5991, Friday's high.

Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8648 and GBP/JPY falling 0.22% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rises In Mid-day Asian Trade

Posted: 13 Sep 2011 08:21 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved higher against its major counterparts in Asian trade Wednesday, as Germany's leader expressed optimism on addressing Greek debt and Wall Street put together gains for a second consecutive day.
In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD slipping 0.13% to hit 1.3660.
German Chancellor Angela Merkel expressed confidence that rescue measures to address Greek debt were progressing, and rejected the notion that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Lower In Mid-day Asian Trade

Posted: 13 Sep 2011 07:41 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Wednesday, as fears over European debt were eased following remarks by Germany's leader that a response to Greece's debt problems was on track.
In mid-day Asian trade USD/JPY hit 76.87, the pair's lowest since Tuesday ; the pair subsequently consolidated at 76.93, dropping 0.02%.
The pair was likely to find support at 76.41, the low of August 31, and resistance at 77.58 Monday's high.
Earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Asian Stocks Rise In Early Trade; Nikkei Adds 0.4%

Posted: 13 Sep 2011 06:51 PM PDT

Forexpros –
Forexpros – Asian stocks moved higher in Wednesday trade, bolstered by apparent progress on European debt and a mild overnight upturn for Wall Street shares.
During early Asian trade, Hong Kong's Hang Seng Index gained 1.04 to 19,248.64, Japan's Nikkei 225 Index rose 0.42% to 8,652.97, and Australia's S&P/ASX 200 added 0.5% to 4,093.20.
Along with the Nikkei, the broader-based Topix Index of all issues listed on the first section of the Tokyo Stock Exchange climbed 0.18% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Lifted In Early Asian Trade

Posted: 13 Sep 2011 06:09 PM PDT

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Wednesday, in a market focused on European debt and buoyed by a rise in global equities.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,836.75 a troy ounce during early Asian trade, up 0.14%, after hitting a low of USDS1,832.65.
On Tuesday, German Chancellor Angela Merkel expressed confidence that rescue measures to address Greek debt were progressing, and rejected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Rallies In Early Asian Trade

Posted: 13 Sep 2011 05:27 PM PDT

Forexpros –
Forexpros – Crude oil futures rose in Asian trade Wednesday, testing USD90 a barrel, as investor concerns over European debt eased and the International Energy Agency reduced its estimates for global oil stockpiles.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD89.97 a barrel during early Asian trade, rising 0.13%, after hitting a daily low of USD88.75.
On Tuesday, German Chancellor Angela Merkel expressed confidence that rescue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How To Create More Jobs By Lowering Wages: Texas And America

Posted: 13 Sep 2011 05:23 PM PDT

Perry and Romney can duke it out over who created the most jobs, but governors have as much influence over job growth in their states as roosters do over sunrises.
States don't have their own monetary policies so they can't lower interest rates to spur job growth. They can't spur demand through fiscal policies because state budgets are small, and 49 out of 50 are barred by their constitutions from running deficits.
States can cut corporate taxes and regulations, and dole out corporate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

On The Same Wavelength

Posted: 13 Sep 2011 04:47 PM PDT

In “Defending Shiller (Again),” Buttonwood’s Notebook reveals that, contrary to what your average retail broker (and CNBC pundit) would have you believe, stocks are not cheap (and that’s not even considering the possibility — nay, certainty — of another economic downturn and its effect on corporate bottom lines).
One measure, the cyclically-adjusted price-earnings ratio, also known as CAPE or Shiller P/E after one of its biggest proponents, Yale Professor and author of Irrational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Dollar Cycle Review

Posted: 13 Sep 2011 04:46 PM PDT

The one asset that can change the world. The US Dollar. A jump in value of the US Dollar would change company revenues in the US dramatically. This means stocks down, this means recession and not a small one.

Cycles are cycles, and they are bullish for the US dollar. Price action is beginning to confirm the cycle. We do not have a classic Wyckoff break out just yet, but we are seeing signs of strength. This is the real reason for stocks falling 15% last month. Euro zone mess, Germany’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Inches Up In Early Asian Trade

Posted: 13 Sep 2011 04:40 PM PDT

Forexpros –
Forexpros – The euro moved fractionally higher against the U.S. dollar in Asian trade Wednesday, on optimism that European leaders were making progress in dealing with the region's sovereign debt crisis.
EUR/USD hit 1.3670 in early Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 1.3678, falling 0.01%.
The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, last Friday's high.
On Tuesday, German Chancellor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 13 Sep 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3684, up 0.04% 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 up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.01% to hit 0.8668 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Virgin To Boost Broadband Speed

Posted: 13 Sep 2011 04:05 PM PDT

United Kingdom's second largest pay-television and fixed-line telephone services provider, Virgin Media Inc (NASDAQ:VMED) recently partnered with Cisco Systems, Inc (NASDAQ:CSCO) to roll out its DOCSIS 3.0 technology as well as to provide high speed network service to its subscribers.
During a trial for this new technology, the company achieved a record downloading speed of 1.5 GB. Cisco, one of the leading suppliers of Internet protocol (IP)-based networking, has achieved such a feat by applying its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Virgin To Boost Broadband Speed

Posted: 13 Sep 2011 04:05 PM PDT

United Kingdom's second largest pay-television and fixed-line telephone services provider, Virgin Media Inc (NASDAQ:VMED) recently partnered with Cisco Systems, Inc (NASDAQ:CSCO) to roll out its DOCSIS 3.0 technology as well as to provide high speed network service to its subscribers.
During a trial for this new technology, the company achieved a record downloading speed of 1.5 GB. Cisco, one of the leading suppliers of Internet protocol (IP)-based networking, has achieved such a feat by applying its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Record Number Of Americans Living In Poverty

Posted: 13 Sep 2011 03:58 PM PDT

09/13/11 The number of Americans living below the poverty line surged to a record 46.2 million. The US poverty rose to 15.1% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Contrarian

Posted: 13 Sep 2011 03:37 PM PDT

Cusick’s Corner
The whippy trade continues but we have the second positive close and the Semis, SMH +2%, was one of the strongest sectors today. I love this type of movement that separates itself from the negativity of the market sentiment and while this is not a totally contrarian play, it is a positive. The velocity of this move does concern me a little; I will be looking for confirmation tomorrow in Tech and would like to see Financials join. I will be watching the Retail Sales tomorrow, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Clears Whistleblower Suit

Posted: 13 Sep 2011 03:35 PM PDT

Technology outsourcing and consulting company Accenture plc (NYSE:ACN) recently announced that it has reached a settlement with the U.S. Justice Department and will pay a sum of $63.7 million to resolve a whistleblower lawsuit.
In a whistleblower lawsuit, an individual discloses fraudulent or illegal activities and corruption in an organization. Whistleblowers are often present or former employees, or those with access to company documents and internal information.
The lawsuit, which was filed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LabCorp Strengthens Portfolio

Posted: 13 Sep 2011 03:35 PM PDT

Laboratory Corporation of America Holdings (NYSE:LH) strengthened its portfolio with the launch of a companion diagnostic test for melanoma patients. Last month, Roche (RHHBY) had received approval from the US Food and Drug Administration (FDA) for the drug Zelboraf and a companion diagnostic test (cobas 4800 BRAF V600) for patients with inoperable or metastatic melanoma with the BRAFV600E gene mutation.
This companion diagnostic test will now be available though LabCorp. The test, by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down In Asian Trade

Posted: 13 Sep 2011 03:35 PM PDT

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

NZD/USD was trading at 0.8220, down 0.09% at time of writing.

The pair was likely to find support at 0.8119, Monday's low, and resistance at 0.8382, Thursday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.2536 and EUR/NZD rising 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Retail Sales, PPI, Business Inventories, EIA Oil Inventories; Greece’s Papandreou’s Teleconference; UK Data – Jobless Claims, Average Weekly Earnings, Unemployment Rate; Euro-Zone Industrial Production

Posted: 13 Sep 2011 03:20 PM PDT

09/13/11 US retail sales and inflation figures will be released. Greek PM Papandreou will speak with Merkel and Sarkozy on a conference … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Germany OKs NYSE-Boerse Merger

Posted: 13 Sep 2011 03:15 PM PDT

NYSE Euronext Inc.'s (NYSE:NYX) proposed merger with Deutsche Boerse reached one more milestone, yesterday, when it received the green signal from Germany's Federal Financial Supervisory Authority (BaFin). It has thereby cleared one of the significant regulatory hurdles in Europe.
Last month, the Committee on Foreign Investment (CFI) in the US had also granted its approval for the merger. Previously, in July this year, both NYSE and Deutsche received the consents of their respective majority … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Depot Reiterated Neutral

Posted: 13 Sep 2011 03:15 PM PDT

We have maintained our long-term Neutral recommendation on The Home Depot Inc. (NYSE:HD) with a target price of $35.00 per share. Moreover, the company has a Zacks #3 Rank, implying a short-term Hold rating on the stock.
Home Depot is the world’s largest home improvement specialty retailer with 2,248 retail stores across the globe, offering a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, and related services.
Moreover, Home Depot has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Initiating Coverage Of OnPoint Medical Diagnostics With Outperform Rating

Posted: 13 Sep 2011 03:01 PM PDT

Brian Marckx, CFA
We are initiating coverage of OnPoint Medical Diagnostics (ONMD) with an Outperform rating and $3.50 price target.  The company’s MRI Quality Assurance software, which should commence commercial roll-out before the current year-end, fills an unmet need in the large and growing market for advanced imaging quality control.  See below for free access to our full 19-page report on the company which includes our financial model and valuation methodology, a detailed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson & Johnson Gets CRL

Posted: 13 Sep 2011 03:01 PM PDT

Johnson & Johnson (NYSE:JNJ) recently received a complete response letter (CRL) from the US Food and Drug Administration (FDA) for a supplemental Biologics License Application (sBLA). The company was looking to expand Simponi's (golimumab) label in the treatment of active psoriatic arthritis.
Johnson & Johnson had filed the sBLA in Nov 2010. The sBLA included data from a phase III study that evaluated the effect of Simponi in inhibiting the progression of structural damage and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Titanium Repurchases Shares

Posted: 13 Sep 2011 03:01 PM PDT

Titanium Metals Corporation (TIE) announced that its Board of Directors recently authorized the repurchase of 400,000 shares of its common stock at an average price of $14.6281 (exclusive of commissions).
Few days back, the Board also authorized the repurchase of 100,000 shares of its common stock at an average price of $14.6644 and 251,627 shares of its common stock at an average price of $15.0778 both exclusive of commissions.
Last month, Titanium released its second quarter 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

E*TRADE’s August DARTs Surge

Posted: 13 Sep 2011 03:01 PM PDT

Online broker E*TRADE Financial Corporation (NASDAQ:ETFC) released its Monthly Activity Report for August 2011 on Monday, recording a sequential as well as year-over-year rise in average U.S. trades driven by volatile markets.        
For the reported month, Daily Average Revenue Trades (DARTs) were 193,546, up 34% sequentially and 57% year over year. Broker performance is generally measured through DARTs. DARTs represent a number of trades from which brokers can expect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Watch List For Wednesday, Set 14

Posted: 13 Sep 2011 02:53 PM PDT

 ( click to enlarge )

Rambus Inc. (NASDAQ:RMBS) – Volume picking up but needs to break this trend first to me. From the technical chart KD line shows positive signals as %K line is rising on top over %D line, and RSI continue moving up. OBV is beginning to turn around which suggests the stock is no longer being sold off.  Looks good but hold for a bit.

( click to enlarge )

Sodastream International Limited (SODA) – The recent increase in trading volume and rising OBV suggests … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Detroit Sets Future On Two-Tier Wages; That Could Be Part Of The American Manufacturing Renaissance

Posted: 13 Sep 2011 02:37 PM PDT

DETROIT (NY TIMES) — “They are a cornerstone of Chrysler's unlikely comeback: 900 employees turning out a Jeep Grand Cherokee sport utility vehicle every 48 seconds of the working day at an assembly plant here.  Nothing distinguishes them from other workers at the Jefferson North plant, except their paychecks. The newest workers earn about $14 an hour; longtime employees earn double that. 

With the economy slumping and job creation once again a pressing issue in the White House … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MXWL’s Ultra Capacitors For China

Posted: 13 Sep 2011 02:31 PM PDT

Maxwell Technologies Inc. (NASDAQ:MXWL) announced that its ultra capacitors will be used by Zhengzhou Yutong Bus Co. Ltd. (Yutong) for energy storage and power delivery in fuel-efficient, low-emission, diesel-electric hybrid buses.
Yutong, China’s largest bus manufacturer, produces buses for public transit agencies worldwide. It is one of China’s top 500 enterprises, with additional strategic business activities, including construction machinery, automotive parts and components and real … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equinix Secures Back-to-Back Deals

Posted: 13 Sep 2011 02:31 PM PDT

Global data center service provider Equinix Inc. (NASDAQ:EQIX) has recently won a couple of new contracts, which will improve its pipeline considerably. First, TeliaSonera International Carrier, which is a global provider of cross-border IP and managed services, selected Equinix to expand its offerings globally through 25 of Equinix's International Business Exchange (IBX) data centers in North America, Europe and the Asia-Pacific.
TeliaSonera's customers can accelerate business growth by using … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Franklin’s August AUM Plummets

Posted: 13 Sep 2011 02:05 PM PDT

Franklin Resources Inc. (NYSE:BEN) declared preliminary assets under management (AUM) of $716.4 billion by its subsidiaries for the end of August 2011. Results were down 4.1% from $747.2 billion as of July 31, 2011 but up 19.3% from $600.4 billion as of August 31, 2010.
Month-end total equity assets came in at $286.8 billion, down 8.5% sequentially and up 16.9% year over year. Of the total equity assets, roughly 74% were from international sources, while the remaining 26% were from the U.S.
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Choppy Trade Leads To A 44 Point Gain For The Dow & European Debt Crisis Uncertainty Lingers

Posted: 13 Sep 2011 09:00 AM PDT

09/13/11 NYFP’s Closing Bell Market Monitor: a choppy trading session for US markets led European debt crisis concerns, Greek bankruptcy fears remain strong, & Best Buy takes a hit in same-store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.

EUR/USD was trading at 1.3680, down 0.001% 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

VeriFone Strengthens Distribution

Posted: 13 Sep 2011 01:50 PM PDT

VeriFone Systems, Inc. (NYSE:PAY) recently announced that it has integrated Hypercom's international distributors into the VeriFone International Partner (VIP) program. This program will provide distributors with access to support resources and a wide array of technologies to enhance their ability to deliver the latest payment solutions to their markets.
The VIP program will offer Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 01:40 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Tuesday after the release of U.S. data on Federal Budget Balance.

USD/JPY was trading at 76.89, down 0.42% 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.

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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brookfield Acquires Maryland Assets

Posted: 13 Sep 2011 01:35 PM PDT

Brookfield Office Properties Inc. (NYSE:BPO) recently announced the acquisition of an office building namely, Three Bethesda Metro Center in Bethesda, Maryland for $150.1 million from the Meridian Group. The building is currently 93.0% leased and provides ample scope for further development.
Located at the intersection of Wisconsin Avenue and Old Georgetown Road, the center is a 17-storied building spanning 368,400 square feet. The office building features full size atriums with glass elevators … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hartford Records High 3Q CAT Loss

Posted: 13 Sep 2011 01:35 PM PDT

Yesterday, Hartford Financial Services Group Inc. (NYSE:HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter of 2011. The pre-tax catastrophe losses for July and August are expected to be within the range of $150–$250 million. Irene would account for about $75–$175 million.
The projected catastrophe loss in the third quarter 2011 will be significantly higher than the year-ago quarter's loss of $13 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novartis Drug Cleared In EU For SEGA

Posted: 13 Sep 2011 01:35 PM PDT

Novartis (NYSE:NVS) recently received a boost when its drug Votubia was approved for the treatment of subependymal giant cell astrocytomas (SEGA), a benign brain tumor associated with tuberous sclerosis (TS) in the European Union (EU).
For the first time ever will such a medication be available in this region for the treatment of this challenging disease. Votubia is already marketed in the US under the trade name Afinitor for the disease. It is also approved in Switzerland, Brazil, Colombia, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 01:25 PM 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 1.3684, up 0.03% 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

U.S. Markets Close Higher; Dow Jones Up 0.40%

Posted: 13 Sep 2011 01:15 PM PDT

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

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.40%, the S&P 500 index gained 0.91%, while the Nasdaq 100 index climbed 1.31%.

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 U.S. federal budget balance to rise to -126.5B last month.

Meanwhile, across … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Analyst Interviews: Semiconductor Stock Outlook

Posted: 13 Sep 2011 01:05 PM PDT

The Semiconductor Industry serves as a driver, enabler and indicator of technological progress. Developments in the industry determine the way we work, transport ourselves, communicate, entertain ourselves and respond to our environment. The PCs we work on, the cars we drive, the phones we communicate with, the electronic gadgets on which we watch movies, listen to music and play games on, and the planes and weapons used to transport or protect us use semiconductor devices.
 
As … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polo Ralph To Outperform

Posted: 13 Sep 2011 01:05 PM PDT

We maintain our long term Outperform recommendation on Polo Ralph Lauren Corp. (NYSE:RL). Polo Ralph Lauren is one of the leading specialty retailers of premium lifestyle merchandise in the U.S. The company also commands a strong portfolio of globally recognized brands, which provides a competitive edge to Polo Ralph Lauren and strengthens its well-established position in the market.
Moreover, the company aims to strategically expand and elevate its international presence, particularly in Asia. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TAM Upgraded To Neutral

Posted: 13 Sep 2011 01:05 PM PDT

We recently upgraded our recommendation on Tam S.A (TAM) to Neutral from Underperform.
The upgraded rating is backed by the recent merger approval of LAN Airlines (LFL) and TAM to form a new company called LATAM Airlines Group, which is expected to increase the number of flights and routes, thereby benefiting passengers and cargo customers of both companies.
Moreover, the company has improved its financial results with net income of $37.9 million, up from a loss of $98.2 million in 2Q10 and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwest Hopeful On Holiday Travel

Posted: 13 Sep 2011 01:05 PM PDT

Southwest Airlines (NYSE:LUV) is mulling over raising airfares for fall-winter season travel. After the losses post Hurricane Irene, the airline industry is looking at potential benefits from higher travel demand during the holidays and Southwest Airlines is no exception.
During late summer, the carrier had offered a limited period sale on fall-winter travel from September 8 to November 17. Now, looking at the holiday demand trend, the company has increased fares for business travelers. We see the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.

GBP/USD was trading at 1.5792, down 0.45% at time of writing.

The pair was likely to find support at 1.5763, today's low, and resistance at 1.6083, 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Companies Hikes Payout

Posted: 13 Sep 2011 12:35 PM PDT

Natural gas producer and pipeline firm The Williams Companies Inc. (WMB) raised its quarterly cash dividend to 25 cents per share ($1.00 per share annualized), representing an increase of 25.0% over the previous payout and double the dividend distributed in December 2010. The new dividend, to be paid to shareholders in December 2011, will cost the company an additional $29.4 million every three months.
Williams, which reported better-than-expected second-quarter results last month, has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

37% Of The Uninsured Live In Households Making $50k Or More, And 40% Are Between 18-34 Years

Posted: 13 Sep 2011 12:35 PM PDT

The Census Bureau released its annual study today on “Income, Poverty, and Health Insurance Coverage in the United States: 2010,” and reported that there were 49.90 million uninsured Americans in 2010, up from 48.98 million in 2000.

The chart above shows the household income levels of those 49.9 million uninsured Americans. There were 9.4 million uninsured Americans living in households making $75,000 per year or more, and this group represents almost 1 out of every 5 uninsured (19% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Tuesday after the release of U.S. data on Federal Budget Balance.

USD/CHF was trading at 0.8794, down 0.10% at time of writing.

The pair was likely to find support at 0.8584, Thursday's low, and resistance at 0.8928, Monday'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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Data Announced On Bydureon

Posted: 13 Sep 2011 12:15 PM PDT

Alkermes, Inc. (NASDAQ:ALKS), Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) and Eli Lilly and Company (NYSE:LLY) recently announced new analyses of data from the DURATION 3 and DURATION 4 trials which evaluated their type II diabetes candidate, Bydureon (exenatide once-weekly). The co-developers intend to present the data at the 47th European Association for the Study of Diabetes Annual Meeting in Portugal.
Data revealed that patients treated with Bydureon experienced a significant improvement in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade

Posted: 13 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.

USD/CAD was trading at 0.9873, down 0.54% at time of writing.

The pair was likely to find support at 0.9830, Thursday's low, and resistance at 1.0027, Monday'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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 13 Sep 2011 11:45 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Federal Budget Balance.

GBP/USD was trading at 1.5819, down 0.28% at time of writing.

The pair was likely to find support at 1.5763, today's low, and resistance at 1.6083, 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Traders Pile Into Office Depot Calls As Shares Climb

Posted: 13 Sep 2011 11:24 AM PDT

Traders pile into Office Depot calls as shares climb
Today's tickers: ODP, JPM, GWW & BUD
(NYSE:ODP) – Office Depot, Inc. – Call options are flying off the shelves at office supplies retailer Office Depot today, with shares in the Boca Raton, Florida-based company surging 9.5% to $2.53 just before 1:45 pm ET. It looks like investors have exchanged 18,677 options on Office Depot thus far today, where all but 716 of the contracts are calls. The now in-the-money September $2.5 strike call is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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