DailyMarkets.com - Hot Option Plays: The Slope Of Hope Returns
DailyMarkets.com - Hot Option Plays: The Slope Of Hope Returns |
- Hot Option Plays: The Slope Of Hope Returns
- Allstate’s 3Q CAT Loss Surges $865M
- American Capital Buys Back Stock
- Russia OKs BIOLASE Dental Lasers
- Earnings Preview: AutoZone Inc.
- Forex Trading: USDCAD Falls. Head And Shoulder Formation
- New Report Finds That Oil And Gas In The United States Are More Abundant Than Previously Thought
- European Stocks Close Week On Up Note; DAX Adds 1.2%
- UAW Extends Contract With Automakers
- The Surprising History Of Job Growth
- Apogee: Losses Continue, Guides 2012
- America’s Most Successful State Economy: ND
- Bayer Evenly Poised
- BP Fortifies Brazilian Ethanol Biz
- Forex – USD/JPY Gains In Early U.S. Trade
- European Markets Mixed At Close; Dax Up 1.18%
- NCOs & Delinquency Drop Continues
- Becton To Fight Cervical Cancer
- Crude Oil Falls In Mid-day U.S. Trade
- Smithfield Upped To Outperform
- Altera Downgraded To Neutral
- Forex – EUR/USD Falls In Early U.S. Trade
- TOTAL Grows Indonesian Footprint
- Progressive Reports Lower Earnings
- Forex – USD/JPY Up Toward The End Of European Session
- Medtronic Grows Spinal Portfolio
- BMO Harris Bank Chooses NCR ATMs
- Forex – GBP/USD Up Toward The End Of European Session
- ADP Buys Asparity
- Sandisk Unveils New Products
- Forex – EUR/USD Down During The European Session
- Forex Trading: EURUSD Moves Back Toward The 38.2% Of The Weeks Range.
- Forex – GBP/JPY Up In European Trading Hours
- Medco’s Specialty To Market Anascorp
- RIMM Misses On Lower Sales
- More On Social Security = Ponzi Scheme?
- Forex Trading: GBPUSD Breaks Above Trendline And Scoots Higher
- Forex – EUR/USD Down On Economic Data
- U.S. UoM Consumer Sentiment Rises More-than-expected
- Forex Trading: EURUSD Pushing Higher Above 200 Hour MA But Falls Back Down
- What’s Behind The Market Gains?
- Estee Lauder, Marni To Charm Europe
- Earnings Preview: Darden
- Euro Weakens As Finance Ministers Meet In Poland
- Forex – NZD/USD Up During The European Session
- Quick Charting The Trading Levels In Financials XLF FAS And FAZ
- Watson Launches Keppra XR’s Generic
- Stock Market News Briefs: Bank Of America, Deutsche Bank AG, Fundtech Ltd., Goldman Sachs Group, Newcastle Investment, Netflix, Pier 1 Imports, SuperValu, UBS AG
- Supervalu Upped To Neutral
- Are Bulls Losing Their “Golden” Touch?
- Forex – EUR/CHF Up In European Trade
- Forex Trading: EURUSD Finds Intraday Support After Dip Below 38.2% Retracement Of The Weeks Range
- U.S. TIC Long Term Purchases Rise Less-than-expected
- Forex – EUR/USD Down On Economic Data
- CBE Updates Outlook
- AIR Sales Up, Misses Estimate
- Forex – USD/CAD Down In European Trading Hours
- Canadian Foreign Securities Purchases Rise
- Alcoa To Invest $300M In Iowa
- Tiffany To Expand In New York
- Crude Oil Set To Follow Stocks Lower, Gold Setup Hints Losses Ahead
- Forex – EUR/GBP Down During The European Session
- Forex – GBP/CHF Up In European Trade
- Forex – AUD/USD Up In European Trading Hours
- ECB Announces Joint USD Liquidity Operations
- Forex – USD/CHF Up During The European Session
- Forex – USD/JPY Up In European Trade
- Reserve Bank Of India Hikes Repo Rate 25bps To 8.25%
- Forex – EUR/USD Down In European Trading Hours
- Forex Trading: Eurozone Current Account
- Forex – GBP/USD Down During The European Session
- Forex – EUR/GBP Down During The European Session
- Asian Markets Close Higher; Nikkei Up 2.25%
- Bear Of The Day: Gerdau S.A.
- Aggressive Growth Stock: Melco Crown Entertainment
- Growth & Income Stock: Oxford Industries, Inc.
- Momentum Stock: Carbo Ceramics, Inc.
- Bull Of The Day: Expedia, Inc. (EXPE)
- Forex – EUR/USD Down During The Asian Session
- Forex – GBP/USD Up In Asian Trade
- Forex – Dollar Advances In Mid-day Asian Trade
- Forex – USD/JPY Rises In Mid-day Asian Trade
- Asian Stocks Advance In Early Trade; Nikkei Rises 1.6%
- Government Bureaucracy Gone Wild: Medical Service Codes Go From 18,000 To 140,000
- Peter Schiff’s Testimony Before Congress
- Crude Oil Gains In Early Asian Trade
- Gold Futures Rise In Early Asian Trade
- Forex – EUR/USD Climbs In Early Asian Trade
- Hot Option Plays: Too Big To Fail Party
- Forex – EUR/USD Down During The Asian Session
- Netflix Slashes Subscriber Forecast
- Crude Oil Is Poised For A Move
- Southwest Capacity Growth On Hold
- Berkshire To Close Lubrizol Deal
- Forex – NZD/USD Down In Asian Trade
- U. Of Michigan Consumer Sentiment, TIC Data, Quadruple Witching, UK Nationwide Consumer Confidence, Euro-zone Trade Balance
- Aflac’s Note Exchange Offer Lapses
- National Retail Closes Offering
- Northrop Becomes Inmarsat Distributor
- Teva To Invest More In CureTech
- The Republican Weapon Of Mass Cynicism
- Haemonetics Remains Neutral
- CSC Takes Over AppLabs Technologies
- Humana Expands Louisville Workforce
- Stock Picks For Friday 16 September
- Sasol Gives U.S. First GTL Unit
- Lockheed To Upgrade U.S. Army Tanks
- Alliant Secures NSA Contract
- PepsiCo Gets Philanthropic
- Amerisafe Not So Safe
- Dow Rises 186 Points As Eurozone Debt Concerns Ease
- ‘The Most Difficult Part Of The Job Search Is Waiting For Permission To Give Up’
- Forex – EUR/USD Up At The End Of U.S. Session
- E*TRADE Downgraded To Neutral
- Forex – USD/JPY Up Toward The End Of U.S. Session
- Chevron To Drop S. African Asset
- New President For Boston Scientific
- Hilltop Treads A Rough Patch
- Manpower Balances Risk-Reward
- Forex – EUR/USD Up Toward The End Of U.S. Session
- U.S. Markets Close Higher; Dow Jones Up 1.66%
- American Superconductor To Sue Sinovel
- Apple Leads Tablet Market
- Mortgage Rates Fall To New Record Lows; In Real Terms You Can Borrow Now For Free At 0% Or Less
- Forex – GBP/USD Up During The U.S. Session
- TARP Banks: Victims Of Gambling?
- The Medicines Co Launches Argatroban
- Activision To Unravel Bond 007
- Forex – USD/CHF Down In U.S. Trading Hours
- Rockwell Reaffirms 2011 Outlook
- Forex – USD/CAD Down In U.S. Trade
- Prologis Leases In Brazil
- CPI Up 0.4%, Core Up 0.2%
- Textron Offers Buyback, Cuts View
- Boom Industry: There Are Now 1,300 Retail Clinics
- Short Term Correction In Gold And Silver Provides Buying Opportunity
- Forex – EUR/USD Up In U.S. Trading Hours
- Denmark Central Bank Holds Lending Rate At 1.55%
- Latvia Central Bank Holds Interest Rate At 3.50%
- National Bank Of Georgia Holds Refinancing Rate At 7.50%
| Hot Option Plays: The Slope Of Hope Returns Posted: 16 Sep 2011 11:33 AM PDT Cusick’s Corner
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| Allstate’s 3Q CAT Loss Surges $865M Posted: 16 Sep 2011 11:25 AM PDT Yesterday, home and auto insurer Allstate Corp. (NYSE:ALL) projected about $735 million in pre-tax catastrophe (CAT) losses for August 2011. Including the July and August estimates, to date the company is expected to incur about $865 million in CAT losses in the third quarter of 2011.
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| American Capital Buys Back Stock Posted: 16 Sep 2011 11:25 AM PDT On Thursday, American Capital Ltd. (NASDAQ:ACAS) announced the buyback of its $75 million common stock in open market since early August. Common stock of 9.1 million shares has been repurchased at an average price of $8.21 per share.
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| Russia OKs BIOLASE Dental Lasers Posted: 16 Sep 2011 11:25 AM PDT Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) has won the approval of the Federal Service of Health Care and Social Development Control in Russia to market its WaterLase iPlus all-tissue dental laser and iLase dental laser in that country.
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| Earnings Preview: AutoZone Inc. Posted: 16 Sep 2011 11:25 AM PDT AutoZone Inc. (NYSE:AZO) announced that it would release its results for the fourth quarter and the full fiscal 2011 that ended on August 27, 2011 before the market opens on September 20, 2011. Memphis, Tennessee-based AutoZone earned a profit of $5.29 in the third quarter of fiscal 2011, beating the Zacks Consensus Estimates of $4.97 per share. In the upcoming quarter, the Zacks Consensus Estimate for AutoZone is pegged at $6.97 per share, reflecting an annualized growth of 23%.
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| Forex Trading: USDCAD Falls. Head And Shoulder Formation Posted: 16 Sep 2011 11:23 AM PDT There is market chatter of how the USDCAD has broken below neckline support of a head and shoulders formation. A break is supposed to lead to a sharp move down. The target is equal to the distance from the neck to the top of the head (in this case from 0.9828 to 1.0024 or 196 pips), subtracted from the right neckline (from 0.9844). If that measurement is fulfilled, the price would reach to 0.9650.
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| New Report Finds That Oil And Gas In The United States Are More Abundant Than Previously Thought Posted: 16 Sep 2011 11:12 AM PDT HOUSTON CHRONICLE — “A new report that predictably found huge potential natural gas supplies in the U.S. also contained news its own writers found surprising – that oil is more abundant than they thought. The study released Thursday by the National Petroleum Council, a collection of industry, academic, government and other officials convened by the secretary of energy, touted how advanced technology has unlocked vast formations of natural gas previously deemed uneconomic to tap.” The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Close Week On Up Note; DAX Adds 1.2% Posted: 16 Sep 2011 11:08 AM PDT Forexpros –
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| UAW Extends Contract With Automakers Posted: 16 Sep 2011 11:05 AM PDT The United Auto Workers (UAW) extended its contracts with General Motors Co. (NYSE:GM) and Chrysler Group LLC, controlled by Italy's Fiat SpA (FIATY) as it failed to meet the deadline to reach a new agreement with the automakers.
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| The Surprising History Of Job Growth Posted: 16 Sep 2011 11:05 AM PDT This has been a tough few years for job creation. The Great Recession was the worst downturn in employment in recent memory, and though the recession "officially" ended back in June of 2009, unemployment is still at a crisis level of 9.1%, and the number of long-term unemployed is at levels that would have been unheard of prior to this downturn. President Obama has finally turned his focus towards bringing down the level of joblessness, but it seems highly likely that the "America Jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Apogee: Losses Continue, Guides 2012 Posted: 16 Sep 2011 11:05 AM PDT The leader in technologies for the design and development of value-added glass products Apogee Enterprises Inc. (NASDAQ:APOG) reported a loss of 6 cents per share for fiscal 2012 second quarter ending August 27. Results were wider than the Zacks Consensus Estimate of a loss of 3 cents, but narrower than the loss of 18 cents in the year-ago quarter.
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| America’s Most Successful State Economy: ND Posted: 16 Sep 2011 10:48 AM PDT There's no shortage of bad economics news these days. Take your pick: In August there were no new jobs created, retail sales were flat, consumer confidence plunged to recession-era lows, and it was reported this week that the nation's poverty rate last year rose to the highest level since 1993. Amid all of the national "gloom and doom" there is an amazing story of America's most successful state economy – North Dakota, and I have been following that story for the last several … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 10:35 AM PDT We are maintaining our Neutral recommendation on Germany's Bayer (BAYRY) with a target price of $56.00.
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| BP Fortifies Brazilian Ethanol Biz Posted: 16 Sep 2011 10:35 AM PDT BP Plc (NYSE:BP) remains resolute in dominating the Brazilian ethanol sector. Accordingly, it recently acquired additional stakes in Tropical BioEnergia S.A. and a 3% share of the country's sugar and ethanol producer Companhia Nacional de Acucar e Alcool ("CNAA").
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| Forex – USD/JPY Gains In Early U.S. Trade Posted: 16 Sep 2011 10:24 AM PDT Forexpros –
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| European Markets Mixed At Close; Dax Up 1.18% Posted: 16 Sep 2011 10:05 AM PDT Forexpros – European stocks were mixed after the closing bell on Friday. At the close of European trade, Germany's DAX rose 1.18%, London's FTSE 100 gained 0.58%, France's CAC 40 declined 0.48% and the EURO STOXX 50 was down 0.52%. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding month. Analysts had expected UoM consumer sentiment to rise to 56.0 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| NCOs & Delinquency Drop Continues Posted: 16 Sep 2011 09:55 AM PDT Regulatory filings by major credit card companies for the month of August revealed mixed results in credit card defaults and delinquency rate. According to the respective regulatory filing, four of the nation’s top six credit card companies reported a decline in card defaults, while five of them recorded reduced delinquency rates.
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| Becton To Fight Cervical Cancer Posted: 16 Sep 2011 09:55 AM PDT Leading global medical technology company Becton, Dickinson and Company (NYSE:BDX) recently disclosed its commitment to "Pink Ribbon Red Ribbon", in an effort to exploit private and public investments in worldwide healthcare. Their focus will be to fight breast and cervical cancer. Leadership will be provided by the President’s Emergency Plan for AIDS Relief ("PEPFAR"), George W. Bush Institute, the Joint United Nations Programme on HIV/AIDS (UNAIDS) and Susan G. Komen for the Cure.
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| Crude Oil Falls In Mid-day U.S. Trade Posted: 16 Sep 2011 09:46 AM PDT Forexpros –
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| Smithfield Upped To Outperform Posted: 16 Sep 2011 09:35 AM PDT Following the first quarter 2012 earnings, Smithfield Foods, Inc. (NYSE:SFD) has been upgraded to Outperform from Neutral.
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| Posted: 16 Sep 2011 09:35 AM PDT We recently downgraded our recommendation to Neutral from Outperform for chipmaker Altera Corporation (NASDAQ:ALTR).
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| Forex – EUR/USD Falls In Early U.S. Trade Posted: 16 Sep 2011 09:06 AM PDT Forexpros –
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| TOTAL Grows Indonesian Footprint Posted: 16 Sep 2011 09:05 AM PDT Oil and gas producer TOTAL S.A. (NYSE:TOT) has tied up with Talisman Energy Inc. (NYSE:TLM) to jointly develop three deep-offshore exploration blocks in the Makassar Strait in Indonesia. Located in the offshore South Makassar Basin at water depths of 1,312 to 6,561 feet, the three blocks cover an area of 4,128 square miles. The three blocks are operated by Talisman.
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| Progressive Reports Lower Earnings Posted: 16 Sep 2011 09:05 AM PDT Progressive Corp.'s (NYSE:PGR) earnings per share for August 2011 were 4 cents, plummeting 60% from 10 cents in the year-ago period. Net income plunged 66% from the year-ago period to $66.5 million.
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| Forex – USD/JPY Up Toward The End Of European Session Posted: 16 Sep 2011 08:40 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. USD/JPY was trading at 76.89, up 0.24% at time of writing. The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.59, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding month. Analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Medtronic Grows Spinal Portfolio Posted: 16 Sep 2011 08:25 AM PDT Leading medical devices player, Medtronic's (NYSE:MDT) TSRH Spinal System has received 510 (k) clearance from the US Food and Drug Administration (FDA) to treat adolescent idiopathic scoliosis (AIS) with pedicle screws. The system, developed in collaboration with Texas Scottish Rite Hospital (TSRH), offers several types of pedicle screws, implants and other instruments to stabilize the spine.
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| BMO Harris Bank Chooses NCR ATMs Posted: 16 Sep 2011 08:25 AM PDT NCR Corp. (NYSE:NCR) was recently chosen as the exclusive supplier of its latest SelfServ Automated Teller Machines (ATM) to BMO Harris Bank, an arm of BMO Financial Group. Financial details of the deal were not divulged.
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| Forex – GBP/USD Up Toward The End Of European Session Posted: 16 Sep 2011 08:25 AM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.5802, up 0.01% at time of writing. The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5885, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 08:05 AM PDT Automatic Data Processing Inc. (ADP) recently announced the acquisition of privately held Asparity Decision Solutions. However, financial terms of the transaction were not disclosed.
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| Posted: 16 Sep 2011 08:05 AM PDT Storage solutions company Sandisk Corporation (NASDAQ:SNDK) recently rolled out a number of retail products and introduced a new preservation solutions category. SanDisk's product portfolio addresses all market segments—from mobile phones and cameras to notebooks and tablets—and use cases ranging from entry level to professional.
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| Forex – EUR/USD Down During The European Session Posted: 16 Sep 2011 08:00 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.3784, down 0.67% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Thursday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Back Toward The 38.2% Of The Weeks Range. Posted: 16 Sep 2011 07:42 AM PDT The EURUSD is pushing back toward the 38.2% of the weeks trading range at the 1.3767 level. The price fell below this level in early NY trade but quickly rebounded. Since that time weakish US data has fought a declining overseas stock market and concerns about Euro stability. The latest taking charge.
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| Forex – GBP/JPY Up In European Trading Hours Posted: 16 Sep 2011 07:40 AM PDT Forexpros – The British Pound was higher against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/JPY was trading at 121.58, up 0.31% at time of writing. The pair was likely to find support at 120.69, Thursday's low, and resistance at 123.03, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Medco’s Specialty To Market Anascorp Posted: 16 Sep 2011 07:35 AM PDT Accredo Health Group, the wholly owned subsidiary of Medco Health Solutions (NYSE:MHS) recently got the approval to market Rare Disease Therapeutics' (RDT) Anascorp, an equine-derived anti-venom. Last month, the US Food and Drug Administration (FDA) approved Anascorp as the first treatment for Centruroides scorpion sting envenomation. Moreover, the agency conferred Anascorp with the orphan drug status.
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| Posted: 16 Sep 2011 07:35 AM PDT BlackBerry-maker Research In Motion, Ltd., (NASDAQ:RIMM) declared its second quarter 2012 financial results yesterday, after the closing bell. The company reported top and bottom line results well below the Zacks Consensus Estimate. Following the earnings release, shares of RIMM fell $5.74 (19.43%) to $23.80 in the after market trade in NYSE.
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| More On Social Security = Ponzi Scheme? Posted: 16 Sep 2011 07:28 AM PDT 1. Cato’s Michael Tanner, “At Least Ponzi Didn’t Force People to Enroll”: “Imagine that someone comes to you with a new plan to save for your retirement. They take your money, but they spend it. Then, they find new investors. They take money from those new investors and give it to you, then go looking for still more investors so that they can give their money to the people whose money they gave to you. That is exactly what Charles Ponzi did in 1916 with the original Ponzi scheme. And that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Breaks Above Trendline And Scoots Higher Posted: 16 Sep 2011 07:21 AM PDT The GBPUSD broke above trendline resistance at the 1.5822 and scooted higher. The price has target tressitance now at the 1.4849 which is the 38.2% of the move down from September 8th. Above that the high from yesterday and the 13th of September at the 1.5867 area, and above the 200 hour MA at the 1.5873.
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| Forex – EUR/USD Down On Economic Data Posted: 16 Sep 2011 07:15 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.3833, 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, Thursday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 57.8 last month from 55.7 in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. UoM Consumer Sentiment Rises More-than-expected Posted: 16 Sep 2011 07:05 AM PDT Forexpros – U.S. UoM consumer sentiment rose more-than-expected last month, preliminary data showed on Friday. In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 57.8, from 55.7 in the preceding month. Analysts had expected UoM consumer sentiment to rise to 56.0 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Pushing Higher Above 200 Hour MA But Falls Back Down Posted: 16 Sep 2011 07:01 AM PDT
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| What’s Behind The Market Gains? Posted: 16 Sep 2011 06:55 AM PDT Stocks have made steady gains in recent days as some of the more exaggerated Europe-centric fears have started easing. There is also a growing realization that the U.S. economy may be able to muddle through without slipping into another recession. Everybody understands that Europe is dealing with serious issues that have the potential of dragging down the global economy. Favorable statements from European leaders in recent days about Greece’s place in the union were helpful in improving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Estee Lauder, Marni To Charm Europe Posted: 16 Sep 2011 06:55 AM PDT US cosmetics giant Estee Lauder Companies Inc. (NYSE:EL) has inked a multi-year licensing agreement with Milan-based fashion house Marni, announcing that it will partner the European fashion giant to launch a fragrance by the fall of 2012.
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| Posted: 16 Sep 2011 06:55 AM PDT Darden Restaurants Inc. (NYSE:DRI) is slated to release its first quarter 2012 earnings on September 19, after market closes. The current Zacks Consensus Estimate for the first quarter is pegged at 78 cents per share (reflecting a year-over-year negative growth of 2.24%).
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| Euro Weakens As Finance Ministers Meet In Poland Posted: 16 Sep 2011 06:51 AM PDT Fundamental Headlines
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| Forex – NZD/USD Up During The European Session Posted: 16 Sep 2011 06:50 AM PDT Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday. NZD/USD was trading at 0.8338, up 1.23% at time of writing. The pair was likely to find support at 0.8119, Monday's low, and resistance at 0.8342, today's high. Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.69% to hit 1.2451 and EUR/NZD falling 1.63% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Quick Charting The Trading Levels In Financials XLF FAS And FAZ Posted: 16 Sep 2011 06:39 AM PDT We've been hearing a lot of attention – as usual – on the Financial sector (particularly in Europe), so let's take a brief moment to see the key chart/trading levels we're watching on the popular XLF Financial Sector ETF and then peek at the wild 3x leveraged financial funds FAS (3x Bullish) and FAZ (3x Bearish). Cutting right to the chase, the price is in a sideways rectangle consolidation (contraction) with upper … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Watson Launches Keppra XR’s Generic Posted: 16 Sep 2011 06:35 AM PDT Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the launch of levetiracetam extended release tablets in 500 mg and 750 mg formulations. Levetiracetam is the generic version of UCB's (UCBJF) drug Keppra XR. The drug is indicated for the treatment of partial onset seizures in patients aged 16 years and above.
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| Posted: 16 Sep 2011 06:35 AM PDT Pier 1 Imports (NYSE:PIR) posted Q2 EPS of $0.14, in line with Zacks Consensus Estimates. Revenues for the quarter rose 9.6% to $339.6 million Swiss bank UBS AG’s (NYSE:UBS) share prices fell 10.02% after the banking giant revealed that rogue trading in London has resulted in a loss of $2 billion. The investment bank also expressed fears of lower profits for the third quarter because of the loss Analysts at Goldman Sachs (NYSE:GS) added … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 06:35 AM PDT Following the first quarter 2012 earnings, Supervalu Inc. (NYSE:SVU) has been upgraded to Neutral from Underperform.
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| Are Bulls Losing Their “Golden” Touch? Posted: 16 Sep 2011 06:31 AM PDT Friday, September 16, 2011
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| Forex – EUR/CHF Up In European Trade Posted: 16 Sep 2011 06:25 AM PDT Forexpros – The Euro was higher against the Swiss Franc on Friday. EUR/CHF was trading at 1.2065, up 0.001% at time of writing. The pair was likely to find support at 1.2024, Wednesday's low, and resistance at 1.2092, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.53% to hit 1.3803 and EUR/JPY falling 0.46% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Finds Intraday Support After Dip Below 38.2% Retracement Of The Weeks Range Posted: 16 Sep 2011 06:17 AM PDT The weaker than expected TIC data has helped push the EURUSD higher. The data has been on the low side over the last few months and may have the market concerned about the flow of funds from overseas into US assets/the dollar. From a technical perspective, the fall in the first few hours of NY trading took the price through the 38.2% of the weeks range but the price bounced back quickly. The next upside target comes in at the 1.3804-11 area where channel trendline from the 5 minute … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. TIC Long Term Purchases Rise Less-than-expected Posted: 16 Sep 2011 06:10 AM PDT Forexpros – U.S. TIC long term purchases rose less-than-expected last month, official data showed on Friday. In a report, Department of the Treasury said that U.S. TIC long term purchases rose to a seasonally adjusted 9.5B, from 3.4B in the preceding month whose figure was revised down from 3.7B. Analysts had expected U.S. TIC long term purchases to rise 27.3B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down On Economic Data Posted: 16 Sep 2011 06:10 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on TIC Net Long-Term Transactions. EUR/USD was trading at 1.3785, down 0.66% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Thursday's high. Earlier in the day, official data showed that U.S. TIC long term purchases rose less-than-expected to a seasonally adjusted 9.5B last month from 3.4B in the preceding month whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 06:05 AM PDT Cooper Industries plc (NYSE:CBE) has updated its third-quarter and full-year 2011 guidance and for the first time provided an outlook for 2012. Fully diluted earnings per share for the third quarter of 2011 is expected to be in the range of $0.94-$0.98 by the company. The company expects sales in the quarter to rise by 9% to 12% compared with the third quarter of 2010. The third-quarter 2011 sales include revenue contribution from the Martek and Gitiesse acquisitions (approximately $25 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 06:05 AM PDT On September 15, 2011, AAR Corp. (NYSE:AIR) posted favorable first-quarter 2012 financial results. The company's net income surged by approximately 21.8% to $16.6 million or 41 cents per diluted share compared with $13.7 million or 36 cents per diluted share earned in the prior-year quarter. Earnings per share missed the Zacks Consensus Estimate of 43 cents per share marginally.
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| Forex – USD/CAD Down In European Trading Hours Posted: 16 Sep 2011 06:00 AM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday. USD/CAD was trading at 0.9836, down 0.01% at time of writing. The pair was likely to find support at 0.9830, today's low, and resistance at 1.0027, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.63% to hit 1.3790 and GBP/USD falling 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canadian Foreign Securities Purchases Rise Posted: 16 Sep 2011 05:40 AM PDT Forexpros – ign investment in Canada rose last month, official data showed on Friday. In a report, Statistics Canada said that Canadian foreign securities purchases rose to a seasonally adjusted 11.78B, from -3.45B in the preceding month whose figure was revised up from -3.46B. Analysts had expected Canadian foreign securities purchases to 0.00B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Sep 2011 05:30 AM PDT Alcoa Inc. (NYSE:AA) announced that it intends to invest $300 million to expand its Davenport, Iowa rolled products plant in order to meet the rising demand from the automotive market.
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| Posted: 16 Sep 2011 05:30 AM PDT In an effort to bank upon the incremental sales in New York, Tiffany & Company (NYSE:TIF) announced the opening of its new store in New York's SoHo district.
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| Crude Oil Set To Follow Stocks Lower, Gold Setup Hints Losses Ahead Posted: 16 Sep 2011 05:30 AM PDT Talking Points Crude Oil Vulnerable as S&P 500 Futures Point to Risk Aversion WTI Crude Oil (NY Close): $89.40 // +0.49 // +0.55%
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| Forex – EUR/GBP Down During The European Session Posted: 16 Sep 2011 05:00 AM PDT Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8734, down 0.54% at time of writing. The pair was likely to find support at 0.8532, Monday's low, and resistance at 0.8790, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.56% to hit 1.3799 and EUR/JPY falling 0.58% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/CHF Up In European Trade Posted: 16 Sep 2011 04:30 AM PDT Forexpros – The British Pound was higher against the Swiss Franc on Friday. GBP/CHF was trading at 1.3813, up 0.54% at time of writing. The pair was likely to find support at 1.3709, Thursday's low, and resistance at 1.4129, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.10% to hit 1.5817 and EUR/GBP falling 0.54% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – AUD/USD Up In European Trading Hours Posted: 16 Sep 2011 04:00 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Friday. AUD/USD was trading at 1.0358, up 0.29% at time of writing. The pair was likely to find support at 1.0178, Wednesday's low, and resistance at 1.0416, Monday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.77% to hit 1.3334 and AUD/JPY rising 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ECB Announces Joint USD Liquidity Operations Posted: 16 Sep 2011 03:42 AM PDT The European Central Bank (ECB) announced the commencement of joint USD liquidity operations: “The Governing Council of the European Central Bank (ECB) has decided, in coordination with the Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three US dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year. These operations will be conducted in addition to the ongoing weekly seven-day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Up During The European Session Posted: 16 Sep 2011 03:20 AM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.8742, up 0.55% at time of writing. The pair was likely to find support at 0.8648, Thursday's low, and resistance at 0.8928, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.55% to hit 1.3801 and USD/JPY rising 0.06% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Up In European Trade Posted: 16 Sep 2011 02:30 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 76.72, up 0.01% at time of writing. The pair was likely to find support at 76.56, Thursday's low, and resistance at 77.59, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.59% to hit 1.3795 and GBP/USD falling 0.09% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Reserve Bank Of India Hikes Repo Rate 25bps To 8.25% Posted: 16 Sep 2011 02:22 AM PDT The Reserve Bank of India [RBI] increased its repo rate by 25 basis points to 8.25% from 8.00% and raised the reverse repo rate to 7.25% from 7.00%. The RBI said: “The monetary tightening effected so far by the Reserve Bank has helped in containing inflation and anchoring inflationary expectations, though both remain at levels beyond the Reserve Bank’s comfort zone. As monetary policy operates with a lag, the cumulative impact of policy actions should now be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down In European Trading Hours Posted: 16 Sep 2011 01:55 AM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3784, down 0.67% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.44% to hit 0.8744 and EUR/JPY falling 0.63% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: Eurozone Current Account Posted: 16 Sep 2011 01:12 AM PDT Eurozone Current Account came in at a 12.9B deficit, weaker than the 5.6B expected.
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| Forex – GBP/USD Down During The European Session Posted: 16 Sep 2011 01:10 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5751, down 0.32% at time of writing. The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5885, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.35% to hit 0.8752 and GBP/JPY falling 0.27% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/GBP Down During The European Session Posted: 16 Sep 2011 12:15 AM PDT Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8754, down 0.32% at time of writing. The pair was likely to find support at 0.8532, Monday's low, and resistance at 0.8790, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.53% to hit 1.3803 and EUR/JPY falling 0.38% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Asian Markets Close Higher; Nikkei Up 2.25% Posted: 16 Sep 2011 12:10 AM PDT Forexpros – Asian stocks were up after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 2.25%, Australia's S&P/ASX 200 index gained 1.91%, while Hong Kong's Hang Seng Index was trading 1.73% up. Meanwhile, the outlook for U.S. equity markets was mixed. Dow Jones Industrial Average futures indicated a gain of 0.02%, S&P 500 futures pointed to a decrease of 0.04% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 11:05 PM PDT Brazilian steelmaker Gerdau S.A.’s (NYSE:GGB) second quarter results were rather disappointing as the company’s EPS of $0.18 plummeted 38% year over year and lagged behind the Zacks Consensus by 14 cents. Results were plagued by higher raw material costs that have been persistently affecting the company’s financial health.
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| Aggressive Growth Stock: Melco Crown Entertainment Posted: 15 Sep 2011 11:05 PM PDT Melco Crown Entertainment (NASDAQ:MPEL) analysts are growing more bullish by the day, but the price has fallen off in the midst of the market down turn.
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| Growth & Income Stock: Oxford Industries, Inc. Posted: 15 Sep 2011 11:05 PM PDT Oxford Industries, Inc. (NYSE:OXM) recently delivered its third consecutive positive earnings surprise on strong sales growth and margin expansion.
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| Momentum Stock: Carbo Ceramics, Inc. Posted: 15 Sep 2011 11:05 PM PDT Carbo Ceramics, Inc. (NYSE:CRR) has been a standout energy stock, hitting a series of new highs over the last year on surging demand. With an average earnings surprise of 15% over the last four quarters and bullish 34% growth projection, this Zacks #2 Rank stock has momentum to burn.
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| Bull Of The Day: Expedia, Inc. (EXPE) Posted: 15 Sep 2011 11:05 PM PDT Expedia, Inc. (NASDAQ:EXPE), one of the leading online travel companies in the world, solidly beat the Zacks Consensus Estimate in the second quarter, despite higher expenses. A stronger economy, increased travel spending by both individuals and corporations and international expansion are driving results.
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| Forex – EUR/USD Down During The Asian Session Posted: 15 Sep 2011 10:55 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3857, down 0.14% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.18% to hit 0.8766 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Up In Asian Trade Posted: 15 Sep 2011 10:25 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5810, up 0.06% at time of writing. The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5885, Monday's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8773 and GBP/JPY rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Advances In Mid-day Asian Trade Posted: 15 Sep 2011 08:12 PM PDT Forexpros –
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| Forex – USD/JPY Rises In Mid-day Asian Trade Posted: 15 Sep 2011 07:33 PM PDT Forexpros –
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| Asian Stocks Advance In Early Trade; Nikkei Rises 1.6% Posted: 15 Sep 2011 06:47 PM PDT Forexpros –
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| Government Bureaucracy Gone Wild: Medical Service Codes Go From 18,000 To 140,000 Posted: 15 Sep 2011 06:43 PM PDT Wall Street Journal — “Today, hospitals and doctors use a system of about 18,000 codes to describe medical services in bills they send to insurers. Apparently, that doesn’t allow for quite enough nuance. A new federally mandated version will expand the number to around 140,000—adding codes that describe precisely what bone was broken, or which artery is receiving a stent. It will also have a code for recording that a patient’s injury occurred in a chicken coop. (See code.)” A search … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Peter Schiff’s Testimony Before Congress Posted: 15 Sep 2011 06:27 PM PDT “Government stimulus will never grow this economy. It will never create jobs. It is the equivalent of trying to put out a fire by pouring gasoline on it. We have to understand that the housing bubble, the financial crisis of 2008, were the consequences of government stimulus. We stimulated our way into this problem, we're not going to stimulate our way out. In fact, the stimulus is actually a sedative. The stimulus is preventing the free market from unraveling the problems that years of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Gains In Early Asian Trade Posted: 15 Sep 2011 06:02 PM PDT Forexpros –
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| Gold Futures Rise In Early Asian Trade Posted: 15 Sep 2011 05:20 PM PDT Forexpros –
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| Forex – EUR/USD Climbs In Early Asian Trade Posted: 15 Sep 2011 04:40 PM PDT Forexpros –
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| Hot Option Plays: Too Big To Fail Party Posted: 15 Sep 2011 04:36 PM PDT Cusick’s Corner
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| Forex – EUR/USD Down During The Asian Session Posted: 15 Sep 2011 04:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Thursday. EUR/USD was trading at 1.3874, down 0.03% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, today's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8784 and EUR/JPY rising 0.02% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Netflix Slashes Subscriber Forecast Posted: 15 Sep 2011 03:58 PM PDT 09/15/11 Netflix shares tumbled on Thursday, after the movie rental company downwardly revised Q3 subscriber … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Is Poised For A Move Posted: 15 Sep 2011 03:51 PM PDT Crude Oil has been trending lower for months, ever since price topped out at around $115 at the beginning of May. Crude is now sitting just below an important fulcrum that could pave the way for a major move ahead. Here's why.. Three-Way Resistance
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| Southwest Capacity Growth On Hold Posted: 15 Sep 2011 03:35 PM PDT The largest U.S. low-cost carrier Southwest Airlines (NYSE:LUV) plans to keep next year's capacity relatively flat with the 2011 level. The company might not increase flights even in 2013.
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| Berkshire To Close Lubrizol Deal Posted: 15 Sep 2011 03:35 PM PDT Berkshire Hathaway Inc. (BRK.A) (BRK.B) has announced that it will close the acquisition of Lubrizol on Friday, 16th September 2011. This was followed by the receipt of notification by the Ministry of Commerce of the People's Republic of China.
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| Forex – NZD/USD Down In Asian Trade Posted: 15 Sep 2011 03:35 PM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.8235, down 0.02% at time of writing. The pair was likely to find support at 0.8119, Monday's low, and resistance at 0.8280, today's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.2544 and EUR/NZD rising 0.07% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 03:20 PM PDT 09/15/11 The preliminary September reading of the University of Michigan’s consumer sentiment index will be released. Friday is also quadruple witching … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aflac’s Note Exchange Offer Lapses Posted: 15 Sep 2011 03:10 PM PDT Yesterday, Aflac Inc. (NYSE:AFL) announced the cessation of the earlier announced notes exchange offer, wherein $850 million of notes with interest of 8.5% due 2019 were to be exchanged for new senior notes due 2022. In May this year, rating agency A.M. Best had maintained arating of "a-" on these notes, reflecting a stable outlook.
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| National Retail Closes Offering Posted: 15 Sep 2011 03:05 PM PDT National Retail Properties Inc. (NYSE:NNN) recently closed an underwritten public offering of 9.2 million shares at an average price of $26.07 per share. The public offering also included 1.2 million shares sold to the underwriters. After deducting underwriting discounts and other expenses, the company generated net proceeds of $229.4 million.
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| Northrop Becomes Inmarsat Distributor Posted: 15 Sep 2011 03:05 PM PDT Northrop Grumman Corporation (NYSE:NOC) said it is partnering with Inmarsat Global Limited, London, to provide leased services and act as a network services distribution partner for Inmarsat Commercial Satellite Services around the world.
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| Teva To Invest More In CureTech Posted: 15 Sep 2011 03:05 PM PDT Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced its intention to increase its investment in CureTech Ltd. Besides investing an additional $19 million in CureTech, Teva intends to finance up to $50 million of CureTech's R&D program.
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| The Republican Weapon Of Mass Cynicism Posted: 15 Sep 2011 02:39 PM PDT According to the latest ABC New/Washington Post poll, 77 percent of Americans say they "feel things have gotten pretty seriously off on the wrong track" in this country. That's the highest percentage since January, 2009.
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| Posted: 15 Sep 2011 02:35 PM PDT Recently, we reiterated our Neutral recommendation on Haemonetics Corporation (NYSE:HAE) with a target price of $63.00.
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| CSC Takes Over AppLabs Technologies Posted: 15 Sep 2011 02:35 PM PDT Virginia-based Computer Sciences Corp. (CSC) recently announced that it has acquired privately held pure-play software testing and quality management service provider, AppLabs Technologies Private Limited for an undisclosed amount.
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| Humana Expands Louisville Workforce Posted: 15 Sep 2011 02:35 PM PDT Yesterday, Humana Inc. (NYSE:HUM) announced its plans of adding 200 new full-time employees at the company's National Medicare service center in Louisville. A majority of the new employees will be working at Humana's Medicare call center as customer care specialists and front-line supervisors.
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| Stock Picks For Friday 16 September Posted: 15 Sep 2011 02:09 PM PDT ( click to enlarge ) I have been following RF Micro Devices, Inc. (NASDAQ:RFMD) for while and over the last weeks I never seen so many buyers purchasing the stock. The volume over the recent days has dramatically increased. The technical indicator OBV shows exactly this situation. Stochastics and the RSI are overbought but remain bullish signaling. I suspect the stock may continue to appreciate over the coming days. ( click to enlarge ) Rediff.com India Limited (ADR) (NASDAQ:REDF) - Waiting to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Sasol Gives U.S. First GTL Unit Posted: 15 Sep 2011 02:05 PM PDT South Africa-based petrochemicals group Sasol Ltd. (NYSE:SSL) announced plans to set up a gas-to-liquids (GTL) plant in the southwestern region of the State of Louisiana. This will be the first facility in the U.S. to generate GTL transportation fuels and other products.
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| Lockheed To Upgrade U.S. Army Tanks Posted: 15 Sep 2011 02:05 PM PDT Lockheed Martin Corp. (NYSE:LMT) said it has received a $28.6 million contract to upgrade tank systems for the U.S. Army Program Executive Office of Simulation, Training and Instrumentation (PEO STRI).
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| Posted: 15 Sep 2011 02:05 PM PDT Alliant Techsystems Inc. (NYSE:ATK) has received a contract worth $30 million from the U.S. Army to supply non-standard (non-NATO) ammunition (“NSA”) to the security forces of Afghanistan.
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| Posted: 15 Sep 2011 02:05 PM PDT Pepsico Inc. (NYSE:PEP), the world leading retailer of soft drinks and snacks has decided to offer help to the nation’s premier center of Mexican-American culture, LA Plaza de Cultura y Artes in Los Angeles. The company wants to boost their praiseworthy work of educating people about the history and contributions of Mexican Americans to the nation.
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| Posted: 15 Sep 2011 02:05 PM PDT We reiterated our Underperform recommendation on Amerisafe Inc. (NASDAQ:AMSF) based on its persistent weak performance that questions its current sustainability factor. The company's second-quarter operating earnings per share of 23 cents substantially lagged the Zacks Consensus Estimate of 38 cents and 53 cents reported in the prior-year quarter. Operating income substantially plummeted 56.4% year over year to $4.4 million.
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| Dow Rises 186 Points As Eurozone Debt Concerns Ease Posted: 15 Sep 2011 02:00 PM PDT 09/15/11 NYFP’s Closing Bell Market Monitor: The Dow rallied for a fourth straight session after the ECB announced a coordination with other central banks to inject dollars into European banks. Meanwhile, UBS took a hit on a rouge … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ‘The Most Difficult Part Of The Job Search Is Waiting For Permission To Give Up’ Posted: 15 Sep 2011 01:55 PM PDT (Image: source)
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| Forex – EUR/USD Up At The End Of U.S. Session Posted: 15 Sep 2011 01:55 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3879, up 0.91% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 01:50 PM PDT We have downgraded our recommendation on E*Trade Financial Corporation (NASDAQ:ETFC) to Neutral from Outperform due to volatile trading business and the turbulence in the global markets.
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| Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 15 Sep 2011 01:40 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Thursday after the release of U.S. data on Initial Jobless Claims. USD/JPY was trading at 76.65, up 0.02% at time of writing. The pair was likely to find support at 76.56, today's low, and resistance at 77.59, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Chevron To Drop S. African Asset Posted: 15 Sep 2011 01:35 PM PDT Global integrated energy company, Chevron Corporation (NYSE:CVX) has signed an initial agreement with the mid- and down-stream unit of Trafigura Beheer BV – Puma Energy – for the sale of its fuel marketing business in Namibia. The financial terms were not disclosed.
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| New President For Boston Scientific Posted: 15 Sep 2011 01:35 PM PDT Boston Scientific (NYSE:BSX) has named Michael Mahoney as the President of the company effective October 17, 2011. Mahoney, the Worldwide Chairman of the Medical Devices and Diagnostics Group of Johnson & Johnson (NYSE:JNJ) is expected to occupy the post of CEO of Boston Scientific from November 1, 2012.
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| Posted: 15 Sep 2011 01:35 PM PDT We reiterated our Neutral recommendation on Hilltop Holdings Inc. (NYSE:HTH) based on the critical sustainability factor. The company's second quarter loss increased to $13.2 million or 23 cents per share from a loss of $5.2 million or 9 cents per share in the year-ago period. This also compared unfavorably with the Zacks Consensus Estimate of earnings of 2 cents per share.
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| Posted: 15 Sep 2011 01:35 PM PDT We currently maintain our long-term Neutral rating on ManpowerGroup (NYSE:MAN), the global leader in the employment services industry. Moreover, the company also holds a Zacks #3 Rank, which translates into a short-term Hold rating and correlates with our long-term outlook.
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| Forex – EUR/USD Up Toward The End Of U.S. Session Posted: 15 Sep 2011 01:25 PM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3884, up 0.95% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Markets Close Higher; Dow Jones Up 1.66% Posted: 15 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Thursday. At the close of U.S. trade, the Dow Jones Industrial Average rose 1.66%, the S&P 500 index gained 1.72%, while the Nasdaq 100 index climbed 1.50%. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from 414K. Analysts had expected Initial Jobless Claims to fall to 410K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| American Superconductor To Sue Sinovel Posted: 15 Sep 2011 01:05 PM PDT Global power technologies company, American Superconductor Corporation (NASDAQ:AMSC) announced that it is taking a series of legal actions against Sinovel Wind Group Co. Ltd. which includes payments for past shipments, and compensation for infringement of intellectual property rights. American Superconductor alleges that Sinovel illegally obtained and used its proprietary technology to upgrade its 1.5 megawatt wind turbines to meet proposed Chinese grid codes.
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| Posted: 15 Sep 2011 01:05 PM PDT Apple Inc. (NASDAQ:AAPL) continues its success story with the iPad 2, as it has emerged as the leading tablet maker in the second quarter of 2011 in terms of global shipments. Research firm IDC confirmed that 9.3 million units of Apple's iPad 2 being shipped during the quarter, netting a 68.3% market share worldwide, up from 65.7% in the previous quarter.
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| Mortgage Rates Fall To New Record Lows; In Real Terms You Can Borrow Now For Free At 0% Or Less Posted: 15 Sep 2011 12:59 PM PDT Freddie Mac reported today that the average rate on 30-year fixed mortgages fell to 4.09% this week, down from 4.12% last week, and the lowest rate since the early 1950s (see top chart above, news report here). The 15-year fixed rate fell to 3.30% this week from 3.33% last week, setting a new all-time record low (see bottom chart above). To purchase a median priced existing home at $174,000 (most recent data available is for July) with a 20% down payment, the monthly payments at 4.09% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Up During The U.S. Session Posted: 15 Sep 2011 12:55 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. GBP/USD was trading at 1.5799, up 0.19% at time of writing. The pair was likely to find support at 1.5707, Wednesday's low, and resistance at 1.5885, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| TARP Banks: Victims Of Gambling? Posted: 15 Sep 2011 12:35 PM PDT U.S. banks that were sheltered by government bailout during the height of financial crisis took more credit risk afterward, according to a University of Michigan study released on Wednesday.
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| The Medicines Co Launches Argatroban Posted: 15 Sep 2011 12:35 PM PDT The Medicines Company (NASDAQ:MDCO) recently announced the launch of a 50mL ready-to-use formulation of Argatroban injection. Argatroban is a direct thrombin inhibitor indicated for prophylaxis or treatment of thrombosis in adult patients with heparin-induced thrombocytopenia (HIT) and as an anticoagulant in adult patients with or at risk for HIT undergoing percutaneous coronary intervention (PCI). The ready-to-use formulation gained US Food and Drug Administration (FDA) approval in late June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Activision To Unravel Bond 007 Posted: 15 Sep 2011 12:35 PM PDT From November 1, 2011, 'espionage' is set to be redefined when Activision Blizzard Inc. (NASDAQ:ATVI) releases its latest James Bond game GoldenEye 007: Reloaded and GoldenEye 007: Reloaded Double ‘O’ Edition. GoldenEye 007: Reloaded will be made available in Microsoft Corp's (NASDAQ:MSFT) Xbox 360 entertainment system and Sony Corp's (NYSE:SNE) PlayStation 3. Moreover, PS3 will also exclusively have the GoldenEye 007: Reloaded Double ‘O’ Edition version.
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| Forex – USD/CHF Down In U.S. Trading Hours Posted: 15 Sep 2011 12:30 PM PDT Forexpros – The U.S. Dollar was lower against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CHF was trading at 0.8694, down 0.75% at time of writing. The pair was likely to find support at 0.8648, today's low, and resistance at 0.8928, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Rockwell Reaffirms 2011 Outlook Posted: 15 Sep 2011 12:15 PM PDT Rockwell Collins Inc. (NYSE:COL), the supplier of avionics and military equipment, reaffirmed its fiscal 2011 guidance and raised the share repurchase authorization. The company expects revenue in the range of $4.80 billion – $4.85 billion, cash flow from operations of about $650 million and earnings per share from continuing operations between $4.00 – $4.10. The EPS guidance however excludes the potential gain on sale of Rollmet product line.
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| Forex – USD/CAD Down In U.S. Trade Posted: 15 Sep 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. USD/CAD was trading at 0.9840, down 0.55% at time of writing. The pair was likely to find support at 0.9836, today's low, and resistance at 1.0027, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Sep 2011 12:05 PM PDT Prologis Inc. (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently signed a lease agreement spanning 309,400 square feet of its development portfolio in Brazil with an unnamed retailer of the country for an undisclosed amount. With the deal, Cajamar Industrial Park – the leased property – is fully pre-leased.
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| Posted: 15 Sep 2011 12:05 PM PDT The Consumer Price Index (CPI) rose by 0.4% in August, down from a 0.5% increase in July, but higher than the expected increase of 0.2%. In June, the CPI actually fell by 0.2%. Year over year it is up 3.8%. Looking a little bit deeper, the increase in headline inflation is mostly with energy, and to a lesser extent, food prices. The higher-than-expected level stems entirely from energy. Energy prices rose 1.2%. While that is down from a 2.8% increase in July, it is still a big jump. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Textron Offers Buyback, Cuts View Posted: 15 Sep 2011 12:05 PM PDT Textron Inc. (NYSE:TXT) has commenced a cash tender offer for any and all of its 4.50% Convertible Senior Notes due 2013. The company also lowered its fiscal year 2011 earnings outlook.
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| Boom Industry: There Are Now 1,300 Retail Clinics Posted: 15 Sep 2011 11:57 AM PDT During the month of August, 40 new retail health clinics opened including 25 new Minute Clinics in CVS stores (bring the total to 520, the most of any national chain), 6 new Clinics at Walmart (137 total), and 4 new Target clinics (44 total). After accounting for 5 closings in August, the net increase of 35 new retail clinics last month brought the national total up to 1,300, an all-time record high, according to retail clinic trade association Merchant Medicine. Compared to August … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Short Term Correction In Gold And Silver Provides Buying Opportunity Posted: 15 Sep 2011 11:49 AM PDT Deflationary Repeat of 2008?
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| Forex – EUR/USD Up In U.S. Trading Hours Posted: 15 Sep 2011 11:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. EUR/USD was trading at 1.3888, up 0.97% at time of writing. The pair was likely to find support at 1.3500, Monday's low, and resistance at 1.3937, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 428K last week from 417K in the preceding week whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Denmark Central Bank Holds Lending Rate At 1.55% Posted: 15 Sep 2011 10:39 AM PDT The Danmarks Nationalbank held its key lending rate unchanged at 1.55% . The Bank also cut the interest on certificates of deposit -10 basis points to 1.00%, the current account rate -10 basis points to 0.90%, and held the discount rate at 1.25%. The Bank said in its press release: “The interest rate reduction follows Danmarks Nationalbank’s purchase of foreign exchange in the market. The short euro market rates have fallen and the spread to the equivalent Danish rates has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Latvia Central Bank Holds Interest Rate At 3.50% Posted: 15 Sep 2011 10:30 AM PDT Latvijas Banka kept its main monetary policy interest rate, the refinancing rate, unchanged at 3.50%, and held its other interest rates unchanged. The Bank said:”In recent months the trend of abating inflation has become evident with only the raising of several tax rates preventing a more rapid drop in prices,”. The Bank further noted that “domestic demand is growing slowly and represents no risk of rising prices; moreover it is becoming likely that economic growth in Latvia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| National Bank Of Georgia Holds Refinancing Rate At 7.50% Posted: 15 Sep 2011 10:13 AM PDT The National Bank of Georgia maintained its benchmark refinancing interest rate unchanged at 7.50%. The Bank said: “As expected, in the recent months inflation kept decreasing. This trend could possibly continue in future. According to the existing forecasts, the inflation by the end of the year will be within the target level.” The Bank further noted: “Recently the growth in economic activity has been stable. The decrease of the interest rates, decided on by the MPC at previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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