Thursday, September 1, 2011

DailyMarkets.com - ‘Meaningful Use’ For Merge’s OrthoEMR

DailyMarkets.com - ‘Meaningful Use’ For Merge’s OrthoEMR


‘Meaningful Use’ For Merge’s OrthoEMR

Posted: 01 Sep 2011 07:50 AM PDT

Recently, the leading developer of healthcare information software solutions, Merge Healthcare (NASDAQ:MRGE) got the 'Meaningful Use' stamp of the federal government for its OrthoEMR v4.0. OrthoEMR v4.0 enables healthcare providers to efficiently record patient details. The federal stamp was based on the complete Electronic Health Record (EHR) Ambulatory certification the company received from Drummond Group’s EHRs Office of the National Coordinator Authorized Testing and Certification Body … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chevron Wins Ecuador Case

Posted: 01 Sep 2011 07:21 AM PDT

Netherlands-based Permanent Court of Arbitration (PCA) has passed a verdict, under which the Latin-American country, Ecuador, will have to pay a penalty of $96 million to U.S. energy firm Chevron Corporation (NYSE:CVX) in relation to oil-export dispute cases filed in the early 1990s.
Chevron approached the international arbitration with the lawsuits in December 2006 under the Rules of the United Nations Commission on International Trade Law (UNCITRAL).
The Hague-based international tribunal … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Good News For Sagent Pharma

Posted: 01 Sep 2011 07:21 AM PDT

Recently, the US Food and Drug Administration (FDA) boosted Sagent Pharmaceuticals Inc. (SGNT) by clearing its injectable therapy, Orphenadrine Citrate. The FDA approval will allow the Schaumburg, Illinois-based Sagent to market Orphenadrine as an adjunct to rest, physical therapy and other measures to get relief from acute painful musculoskeletal conditions. The drug is expected to be launched in the third quarter of 2011. Sagent, founded in 2006, will market the therapy in 60 mg per 2 mL … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Better ISM Manufacturing Report Lessens Chance Of Fed QE, USD Gains

Posted: 01 Sep 2011 07:17 AM PDT

The ISM Manufacturing Index came in stronger than expected for August, helping to inject a strong shot of risk-appetite into markets that were bracing for a negative reading.
The index posted a 50.6 headline mark compared to 50.9 in July, and expectations of a drop to 49.0. While new orders remained negative (49.6 vs 49.2) and production dipped below the 50 level (48.6 vs 52.3), inventories rose (52.3 vs 49.3) and employment remained above 50 (51.8 vs 53.5).
The news has two implications. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. ISM Manufacturing PMI Falls Less-than-expected

Posted: 01 Sep 2011 07:06 AM PDT

Forexpros – Manufacturing activity in the U.S. fell less-than-expected in August, industry data showed on Thursday.

In a report, the Institute for Supply Management said its index of purchasing managers eased down to 50.6 in August from 50.9 in July.

Analysts had expected the ISM index of purchasing managers to decline to 48.5 in August.

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

The report showed that the ISM index of manufacturing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


AK Steel Raises Product Prices

Posted: 01 Sep 2011 07:05 AM PDT

Effective immediately, AK Steel Holding Corporation (NYSE:AKS) raised the current spot market base prices for all carbon flat-rolled steel products. For hot rolled and cold rolled carbon steel products, base price has been increased by $40 per ton and for coated carbon steel products base price is raised by $50 per ton.   
Recently, AK Steel posted its second-quarter 2011 results, delivering an EPS of 30 cents compared with 24 cents during the year-ago quarter. However, EPS was … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Whirlpool Lobbies Against Dumping

Posted: 01 Sep 2011 07:05 AM PDT

Whirlpool Corporation (NYSE:WHR) spent approximately $200,000 in the second quarter of 2011 to lobby government officials. The amount was almost unchanged from the amount spent in the same quarter last year but was slightly higher than $180,000 spent in the first quarter of 2011.
Whirlpool lobbied for an anti-dumping petition it filed against Samsung Electronics Co. Ltd. and LG Electronics Inc. accusing both of price undercutting when it came to selling refrigerators in the U.S. In addition, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro Depreciates On Growth Concerns As Leaders Plan To Discuss Collateral

Posted: 01 Sep 2011 06:42 AM PDT

Fundamental Headlines
• Euro Rescue Fund Faces Political Demands – Bloomberg
• Weak Data Add to Fears of Slowing Growth – Financial Times
• Europe Rejects IMF Call for More Bank Capital – Reuters
• U.S. Has "Enormous" Debt Problem: ECB's Stark – Reuters
• Jobless Claims Meet Forecasts, Stock Futures Still Lower – WSJ
European Session Summary
The Asian and European sessions saw some interesting developments and perhaps a marked shift in the near-term structure of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Roche’s Cancer Drug Approved In EU

Posted: 01 Sep 2011 06:35 AM PDT

Roche Holding Ltd. (RHHBY) recently announced the European approval of Tarceva (erlotinib) for first-line use in patients with a genetically distinct type of advanced non-small cell lung cancer (NSCLC). The drug is already marketed as a treatment for advanced lung cancer after platinum-based chemotherapy.
We note that Roche is in talks with the US Food and Drug Administration (FDA) to gain approval to use Tarceva as a first-line treatment in people with advanced EGFR (epidermal growth factor … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Dollar At Two-week Peak On Weaker Global Manufacturing

Posted: 01 Sep 2011 06:31 AM PDT

A further lackluster reading for U.S. initial jobless claims compounded dour European economic data and led to a risk-off environment to start the new trading month. The single European currency unit slipped up on weakness in second-quarter growth data while investors increasingly sense that the cash-hampered governments of the Eurozone are discouraging employment and consumption. A series of weakening purchasing managers' reports confirmed that the global economic expansion is under the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Pares Losses Following Jobless Claims Data

Posted: 01 Sep 2011 06:28 AM PDT

Forexpros – The U.S. dollar pared losses against its Canadian counterpart on Thursday, bouncing off the daily low after official data showed that U.S. jobless claims fell in line with expectations last week ahead of key U.S. data on manufacturing activity.

USD/CAD pulled back from 0.9745, the daily low, to hit 0.9764 during U.S. morning trade, still down 0.13% on the day.

The pair was likely to find short-term support at 0.9725, Wednesday's low and a four-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: Caution

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: Technical Rebound In A Bearish Trend

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Technical Rebound In A Bearish Trend

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro: The Downside Prevails

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: Under Pressure

Posted: 01 Sep 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Earnings Scorecard: Tiffany

Posted: 01 Sep 2011 06:16 AM PDT

Tiffany & Company (NYSE:TIF), a high-end jewelry designer, manufacturer and retailer, recently posted better-than-expected second-quarter 2011 results buoyed by improved demand for luxury items worldwide and consequently raised its full-year outlook.
Street analysts had nearly a week to ponder on the news. In the subsequent paragraphs, we cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Earnings Report … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jobless Claims Down, All Eyes On Friday

Posted: 01 Sep 2011 06:16 AM PDT

September has not been a very happy month for stocks in the past. But we all want to put August’s unusual turbulence behind us and look forward to something stable, if not necessarily exciting. The month-to-month peculiarities notwithstanding, we all know that at the end of the day the market’s movements are reflecting developments in the broader economy.

And with some of the more dire recessionary fears easing, stocks have been gaining ground lately. But the economic picture remains unsettled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Apple, Bank Of America, Barclays PLC, Genesco, Lions Gate Entertainment, Openwave Systems Inc, Research In Motion Limited, AT&T, TriQuint Semiconductor, Exxon Mobil Corporation

Posted: 01 Sep 2011 06:16 AM PDT

    The U.S. Justice Department moved the courts in order to block AT&T, Inc.'s (NYSE:T) planned T-Mobile USA acquisition

    According to a report in The Wall Street Journal, Bank of America Corporation (NYSE:BAC) might be enroute to sell its mortgage business

    Shares of Exxon Mobil Corporation (NYSE:XOM) gained 0.2% after the company announced its partnership with Russian oil giant Rosneft

    Vera Bradley Designs, Inc. (VRA) … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/GBP Falling From The 0.8885 Resistance; 0.8740, 0.8660 Opens With A Break Below 0.88

Posted: 01 Sep 2011 06:09 AM PDT

Prev: EUR/GBP in Extended Bearish Divergence 0.8830 and 0.8885 are Important Pivots (8/29)
EUR/GBP

The EUR/GBP has been in range-bound trading since failure to break the 0.8885 resistance.
The 1H chart show the market at the 200SMA, just above 0.8800.
Note that the RSI has cracked 40, but hasn't reflected bearish momentum yet. This requires a tag below 30.
A break below 0.8800, and a push of the RSI below 30 signals a correction decline towards 0.8740-0.8750 (61.8% retracement and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Marsh To Acquire Alexander Forbes

Posted: 01 Sep 2011 06:05 AM PDT

The wholly-owned insurance subsidiary of Marsh & McLennan Companies Inc. (NYSE:MMC), Marsh Ltd., will acquire the brokerage business of South Africa-based Alexander Forbes Ltd., including Alexander Forbes Risk Services ("AFRS"). Both companies will merge to form Marsh Africa and the CEO of AFRS will take over as the CEO of Marsh Africa. The financial details of the deal were not disclosed.
Marsh Africa will acquire the 37-million-rand ($5.25 million) loan portfolio of Alexander Forbes. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


RDY-PFE Settle Lipitor Dispute

Posted: 01 Sep 2011 06:05 AM PDT

Dr. Reddy's Laboratories (NYSE:RDY) recently announced that it has entered into a settlement agreement with Pfizer Inc. (NYSE:PFE) to resolve the litigation related to Lipitor (10 mg, 20 mg, 40 mg, and 80 mg), generically known as atorvastatin calcium tablets.
Pfizer's cholesterol drug Lipitor, is set to lose patent protection in November 2011.
Recently, Dr. Reddy's has been in the limelight quite a few times. In July, the company entered into an agreement with India based JB Chemicals & … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Price Discrimination In Pictures

Posted: 01 Sep 2011 06:05 AM PDT

At the tavern:

Local residents get a 50% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Macau Gambling Revenue Surges 57 Percent In August

Posted: 01 Sep 2011 05:56 AM PDT

Just came across an encouraging article about Macau's gaming industry today from Reuters…
Macau, the world's largest gambling destination, posted a 57 percent year-on-year rise in gaming revenue for August to $24.77 billion patacas ($3.08 billion) on Thursday, the latest indication that the enclave is powering ahead despite deep-seated concerns about the global economy.
The former Portuguese colony has reported booming revenue growth since the start of the year, boosted by an increasing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Pushes The Upside With The Next Key Target Being The 1.4305/11 Area

Posted: 01 Sep 2011 05:55 AM PDT

The EURUSD pushes to the upside in the first NY break. The 1.4305-11 are the next targets. Support at the 1.4274-84 now.  (see prior post)
There is talk of bond buying in EU bonds helping the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Trim Losses After Jobless Claims Fall; Dow Sheds 0.1%

Posted: 01 Sep 2011 05:46 AM PDT

Forexpros – U.S. stock futures trimmed losses on Thursday, after official data showed that U.S. jobless claims fell last week, while markets awaited key U.S. data on manufacturing activity.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 0.1%, the S&P 500 futures indicated a decline of 0.15%, while the Nasdaq 100 futures pointed to a 0.1% gain.

The U.S. Department of Labor said earlier that the number of individuals filing for initial jobless benefits … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Q2 Non-farm Productivity Falls More-than-expected

Posted: 01 Sep 2011 05:39 AM PDT

Forexpros – U.S. non-farm productivity fell more-than-expected in the second quarter, official data showed on Thursday.

In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity fell by a seasonally adjusted 0.7% in the second quarter, compared to preliminary data which showed a 0.3% decline.

Analysts had expected non-farm business sector labor productivity to fall 0.4%.

The report showed that unit labor costs rose significantly more-than-expected, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Initial Jobless Claims Fall In Line With Expectations

Posted: 01 Sep 2011 05:35 AM PDT

Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell in line with expectations, official data showed on Thursday.

In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 26 fell by 12,000 to a seasonally adjusted 409,000, broadly in line with expectations.

The previous week's figure was revised up to 421,000 from 417,000.

Continuing jobless claims in the week ended … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Still Neutral On J2 Global

Posted: 01 Sep 2011 05:25 AM PDT

j2 Global Communications Inc. (NASDAQ:JCOM) declared excellent financial results for the second quarter of 2011, which beat the Zacks Consensus Estimates significantly. We continue to believe that the company's strong financial position and diversified product pipeline, coupled with the long-term growth prospects of outsourced value-added messaging services, will drive its earnings higher in the near future.
Subscriber Usage revenue continues to beat market expectations.  This is an important … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S Steel Adds Facility In Irvine

Posted: 01 Sep 2011 05:25 AM PDT

United StatesSteel Corp. (NYSE:X) recently announced the opening of a new compressed natural gas filling station for plant vehicles at the U.S. Steel Mon Valley Works, Irvin Plant on September 7, 2011.
Mon Valley Works is an integrated steelmaking operation, which operates four separate facilities including Clairton Plant, Edgar Thomson Plant, Irvin Plant and Fairless Plant.
Mon Valley is also one of the few compressed natural gas filling stations that are popping up in the Pittsburgh region; with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Holds Gains Amid Increased Safe Haven Demand

Posted: 01 Sep 2011 05:15 AM PDT

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Thursday, as weak manufacturing data from the euro zone and the U.K. fuelled concerns over global economic weakness, boosting safe haven demand.

During European afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.62% to hit 1.4282.

Earlier Thursday, data showed that the euro zone's manufacturing PMI fell to a two-year low of 49.0, down from an initial reading of 49.7.

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


AUD/NZD Might Be Slowly Developing An Inverted Head And Shoulder

Posted: 01 Sep 2011 05:02 AM PDT

Prev: AUD/NZD Continues Bottoming Process (8/17)
AUD/NZD

The AUD/NZD completed a 5-wave decline to end July, and started August with a break above the declining wedge pattern seen int he daily chart.
During August however, it peaked at 1.2735 followed by a decline that ended this week at 1.2465.
In the daily chart, we are 1 shoulder away from a kilroy (inverted head and shoulder).
This bottoming pattern will form if there is at least an ABC correction. a C=A projection targets … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Hits 3-week Low After U.K. Manufacturing PMI

Posted: 01 Sep 2011 04:59 AM PDT

Forexpros – The pound extended early losses against the U.S. dollar on Thursday, falling to a three-week low after data showed that manufacturing activity in the U.K. fell unexpectedly in August, dropping to the lowest level since May 2009.

GBP/USD hit 1.6196 during European afternoon trade, the pair's lowest since August 8; the pair subsequently consolidated at 1.6202, shedding 0.26%.

Cable was likely to find support at 1.6110, the low of August 11 and resistance at 1.6334, Wednesday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Hits 2-week Low After Dismal EZ PMI Data

Posted: 01 Sep 2011 04:14 AM PDT

Forexpros – The euro extended losses against the U.S. dollar on Thursday, falling to a two-week low after data showed that manufacturing activity in the region contracted in August and as concerns over the region’s debt crisis festered.

EUR/USD hit 1.4262 during European early afternoon trade, the pair's lowest since August 19; the pair subsequently consolidated at 1.4275, shedding 0.66%.

The pair was likely to find support at 1.4161, the low of August 10 and resistance at 1.4385, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Plunges To Channel Support; Breakout Opens Up 1.41, 1.40

Posted: 01 Sep 2011 04:09 AM PDT

Prev: EUR/USD Sees Resistance at 1.4465 and Support Pivot at 1.4415 (8/31)
EUR/USD

After finding resistance at 1.4465, EUR/USD tripped through the 1.4415 near-term pivot.
The market then fell and rested above the 1.4350 pivot briefly before accelerating further down towards the next pivotal support level in the 1.4280-1.430 area.
Ahead of Thursday's US session, it has reached to a low of 1.4260 in an aggressive manner throughout the European session.
The RSI in the 4H chart has … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Looks To ISM Data For Direction, Gold May Be Forming A Top

Posted: 01 Sep 2011 04:08 AM PDT

Talking Points

Crude Oil Looks to US ISM Reading for Direction Cues
Gold Chart Hints Prices May Be Starting to Form a Top

WTI Crude Oil (NY Close): $88.81 // -0.09 // -0.10%
Crude prices were little changed yesterday as an unexpected jump in official DOE inventory figures counterbalanced better-than-forecast US Factory Orders and Chicago PMI results. Looking ahead, all eyes are on the ISM Manufacturing report as speculation about another round of Federal Reserve stimulus continues to define … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR Dips On Manufacturing, GBP Weaker Post Housing, CHF Gains Though GDP Slows In 2Q

Posted: 01 Sep 2011 03:59 AM PDT

Euro takes a tumble today after weaker than expected final version of August Manufacturing PMI. The 49.0 print was below expectations of the index remaining at the 49.7 level seen in the preliminary reading a week ago. A figure below 50 indicators that the sector contracted.
The weak readings in manufacturing in Europe helped to cause a drop in equities in Europe, as well as a dip in oil prices, on the prospect of weaker growth ahead. In currency markets that meant a move away from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Sugar Futures Hit 2-day Low Amid Speculation Global Supplies Ample

Posted: 01 Sep 2011 03:43 AM PDT

Forexpros – Sugar futures were down on Thursday, dropping to a two-day low amid speculation that increased production in Europe and Asia would compensate for production losses in Brazil, the world's largest producer.

On the ICE Futures U.S. Exchange, sugar futures for October delivery traded at USD0.2941 a pound during European morning trade, tumbling 1.11%.

It earlier fell as much as 1.25% to trade at USD0.2936 a pound, the lowest price since August 30.

Leading agribusiness financial … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Tumbles To 4-day Low On Global Growth Concerns

Posted: 01 Sep 2011 03:26 AM PDT

Forexpros – The U.S. dollar tumbled to a four-day low against the Swiss franc on Thursday, as concerns over the outlook for global growth mounted after the release of worse than expected manufacturing data from the euro zone and the U.K.

USD/CHF hit 0.7962 during European morning trade, the pair's lowest since August 26; the pair subsequently consolidated at 0.7996, falling 0.76%.

The pair was likely to find support at 0.7873, the low of August 24 and resistance at 0.8208, Wednesday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Where’s The Technical Confirmation?

Posted: 31 Aug 2011 03:37 PM PDT

I was rummaging through my desk and found the following article from Investors Business Daily written on September 27, 2001, which was shortly after the 9/11 attack and market selloff (sorry no link). The article details the follow-through day pattern popularized by William O’Neill as a way of spotting intermediate term bottoms:
[Y]ou'll want to see a market confirmation.
That starts when one of the three major indexes begins to rally. That's day one. Next, wait two days. The market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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