DailyMarkets.com - North Dakota Celebrates 60 Years Of Oil; Future Looks Bright – ND Could Surpass CA And Alaska Soon

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• North Dakota Celebrates 60 Years Of Oil; Future Looks Bright – ND Could Surpass CA And Alaska Soon
• Canada’s Vast Oil Sands: A Jobs Gusher
• $982 Monthly Payment For Aug. Home Buyers In California Is Lowest On Record, 64% Below 2006
• Collaborative Consumption: The Rental Society
• Sands China’s Stock To Jump 40% On Mass Market Appeal
• Markets In Everything: Drive-in Sex Stalls Or “Government Funded Stimulus Project”
• Sold TNA $45.00
• Goodyear Tire Comeback Story: U.S. Manufacturing Can Be Competiive With A Two-Tier Wage System
• The Election Of 2012: Why The Most Important Issues May Be Off The Table (But Should Be On It)
• Statoil Sheds Camanu-Almada Acres
• Chevron Inks Sales Deal With Kyushu
• Harris Bags Another Contract
• Prudential Forms JV In China
• Next Week Stocks To Watch
• National Oilwell-Ameron Clear Hurdle
• Nucor Issues Third Quarter Guidance
• Crude Stocks Dip, Products Build
• Monetary Policy Week In Review – 17 September 2011
• Hot Option Plays: Looking Ahead
• Twin Deals For Jacobs Engineering
• Limited Brands Stays Neutral
• Dean Foods Stays Neutral
• Forex – EUR/USD Down At The End Of U.S. Session
• WRE Acquires Assets In Virginia
• Cousins Extends Watkins Partnership
• Forex – GBP/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up At The End Of U.S. Session
• Four-Peat Time?
• Time Is On Our Side With Amazon
• United Parcel Chalks Growth Goals
• Netflix Lowers Subscriber Forecast
• Visa Extends Partnership
• Earnings Preview: Lennar Corp.
• New Cleaning Formulations From Ecolab
• Verizon Launches Unlimited Prepaid
• U.S. Markets Close Higher; Dow Jones Up 0.66%
• Extended Credit Line For Red Lion
• Alexion’s Soliris Encourages
• Central Bank Of Chile Holds Policy Rate At 5.25%
• Forex – Dollar Strengthens In Afternoon U.S. Trade
• Central Bank Of Sri Lanka Keeps Rate At 7.00%
• Constellation Saves Energy
• Lockheed’s IT Support To Air Force
• …And The Drama Continues For Yahoo
• Diamond Shines Despite Revenue Miss
• Avis Budget To Outperform
• Capella Maintained At Neutral
• Theravance’s Vibativ Gets EU Nod
• GD Builds Two More DDG Destroyers
• U.S. Stocks Pad Gains In Afternoon Trade; Dow Rises 0.6%
• TSA Creator: The Whole Thing Is A Fiasco. Screeners Should Be Privatized, Agency Dismantled
• Cartoon Of The Day
• Forex Trading: USDCHF “goosed” Up To The 200 Hour MA, But Moves Back Down
• A Yuan, Euro And Dollar Walk Into A Bank…

North Dakota Celebrates 60 Years Of Oil; Future Looks Bright – ND Could Surpass CA And Alaska Soon Posted: 17 Sep 2011 08:57 AM PDT BISMARCK, N.D. (AP) – “North Dakota’s booming oil patch is likely to slow just a bit this weekend as the state marks 60 years of production at a festival in Williston. Kevin Paschke, executive director of the Williston Chamber of Commerce, said the Williston Basin Energy Festival is a time for fun and relaxation but also a tribute to “risk-takers who had the vision and believed oil was beneath us.”  Paschke said workers from more than 200 companies and thousands of people from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canada’s Vast Oil Sands: A Jobs Gusher Posted: 17 Sep 2011 07:57 AM PDT From my editorial for McClatchy News, out for national distribution this weekend: Canada’s vast oil sands hold an estimated 174 billion barrels of recoverable oil, second in the world only to Saudi Arabia’s reserves. What’s significant is that Canada now supplies the United States with more oil than all of the Middle East countries combined. If not for our access to Canada’s oil sands, the United States would be unable easily to replace declining oil imports from Mexico and Venezuela, and we … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

$982 Monthly Payment For Aug. Home Buyers In California Is Lowest On Record, 64% Below 2006 Posted: 17 Sep 2011 07:35 AM PDT Typical Mortgage Payment for Homes Sold in California:  August 2011    June 2006   April 1989  $982 $2,758 $2,237 From DQ News: “An estimated 37,734 new and resale houses and condos were sold statewide last month. That was up 8.8% from 34,695 in July, and up 10.2% from 34,239 for August 2010. An increase from July to August is normal for the season. California sales for the month of August have varied from a low of 29,764 in 1992 to a high of 73,285 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Collaborative Consumption: The Rental Society Posted: 17 Sep 2011 06:32 AM PDT Rental markets in everything, e.g. Toilets In its October issue, Reason Magazine reviews the book “What’s Mine Is Yours: The Rise of Collaborative Consumption,” here’s the Collaborative Consumption website.  The review is titled “Pimp Your Ride: Why own what you can rent? And why not rent out what you own?,” here’s an excerpt: “Just a few years ago, President George W. Bush was still touting "the ownership society" as the surest path to prosperity and personal autonomy. But that was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sands China’s Stock To Jump 40% On Mass Market Appeal Posted: 17 Sep 2011 06:00 AM PDT Sands China, a subsidiary of gaming giant Las Vegas Sands, may be ranked fourth in Macau's overall gaming revenues, but according to a report by Macquarie Securities Research, its casinos have "mass market" appeal, which will boost the company's stock in the coming months. Macquarie has raised its 12-month price target on Sands China's stock to HK$30.30 — implying a near 40 percent upside from its current trading price of Hk$21.80 — and reiterated its outperform rating on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Drive-in Sex Stalls Or “Government Funded Stimulus Project” Posted: 17 Sep 2011 05:43 AM PDT SWITZERLAND – “Zurich city parliament on Wednesday rubber-stamped a loan earmarked for the construction of drive-in sex stalls where punters (“johns”) can meet prostitutes at purpose-built venues away from the city center. Representatives voted 74 to 30 in favour of the new development in Alstetten to the west of the city. Ten garage-like booths will be erected on derelict land in an industrial area in Alstetten, complete with parking spaces and alarm buttons. The so-called “performance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold TNA $45.00 Posted: 17 Sep 2011 05:39 AM PDT I finally got worn out and sold my positions in Direxion Small Cap Bull 3X (TNA) at $45.00. This is a 4 hour chart of TNA that I snapped just after executing the sale yesterday late afternoon. The True Strength Index (TSI) indicator is very high and threatening to, once again, roll over. Also, price appears to be completing the right shoulder of a head & shoulders pattern. It is, of course, possible that I exited too soon. Heck, anything is possible, right? Ben could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goodyear Tire Comeback Story: U.S. Manufacturing Can Be Competiive With A Two-Tier Wage System Posted: 16 Sep 2011 05:09 PM PDT AKRON, Ohio — “Five years ago, the wheels had just about come off Goodyear Tire & Rubber. The 113-year-old tire maker was losing money, feuding with its workers and struggling to compete with foreign imports that undercut its prices at stores across the U.S. Today, this industry icon appears to have regained traction after a painful transformation. It downsized operations, found common ground with union leaders and fought imports by using technology to turn its tires into prized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Election Of 2012: Why The Most Important Issues May Be Off The Table (But Should Be On It) Posted: 16 Sep 2011 04:26 PM PDT We're on the cusp of the 2012 election. What will it be about? It seems reasonably certain President Obama will be confronted by a putative Republican candidate who: Believes corporations are people, wants to cut the top corporate rate to 25% (from the current 35%) and no longer require they pay tax on foreign income, who will eliminate capital gains and dividend taxes on anyone earning less than $250,000 a year, raise the retirement age for Social Security and turn Medicaid into block grants … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Statoil Sheds Camanu-Almada Acres Posted: 16 Sep 2011 04:05 PM PDT The Norwegian state-owned oil giant Statoil ASA (NYSE:STO) is divesting a portion of its participating interests in blocks located offshore Brazil in the Camanu-Almada basin. The transaction awaits the consent of Brazilian authorities and is subject to various conditions on closing. The buyer, South America-focused Gran Tierra Energy Inc., will get a 10% working interest in Petrobras-operated BM-CAL-7 and a 15% working interest in Statoil-operated BM-CAL-10, in the Camamu-Almada Basin. Multiple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Inks Sales Deal With Kyushu Posted: 16 Sep 2011 03:35 PM PDT The Australian unit of  Chevron Corporation (NYSE:CVX) entered into a Sales and Purchase Agreement (SPA) with Japanese firm Kyushu Electric Power Co. Per the terms of the deal, Chevron along with Apache Corporation (NYSE:APA) and Kuwait Foreign Petroleum Exploration Co. will supply about 0.7 million tons per annum (MTPA) of liquefied natural gas (LNG) from its Wheatstone Project to Kyushu over a period of 20 years. Kyushu will also acquire a 1.83% stake in the Wheatstone gas field licenses and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Harris Bags Another Contract Posted: 16 Sep 2011 03:35 PM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a contract worth $29 million to supply its popular Falcon III portable multi-band manpack radios to the U.S. Air Force. Falcon III radios support interoperable voice and wideband data communications facilities, thus enabling the user to communicate properly on land or from land to air. Recently, Harris CapRock Communications, which is a global provider of mission-critical managed satellite … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Prudential Forms JV In China Posted: 16 Sep 2011 03:15 PM PDT Prudential Financial Inc. (PRU) recently announced that a 50:50 life insurance joint venture with the Chinese company Fosun International. The deal has also received the regulatory nod from China Insurance Regulatory Commission (CIRC).   The joint venture with a capital of $78 million, and will be headquartered in Shanghai. The company will become operative in the fourth quarter of 2012. Prudential eyes the Chinese market as an attractive one with high growth rate but low insurance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Next Week Stocks To Watch Posted: 16 Sep 2011 03:09 PM PDT ( click to enlarge ) Extremely bullish moves on the stock are taking place over the last session's. Amazon.com, Inc. (NASDAQ:AMZN) broke resistance today as the stock traded up $12.52 on heavy volume. The stock hit a new 52-week high of $240.44 which is now resistance for monday's continuation move. If the stock can break through resistance, we should see another strong upside move. AMZN will move very quickly, so watch the stock closely next week. ( click to enlarge ) Advanced Battery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Oilwell-Ameron Clear Hurdle Posted: 16 Sep 2011 03:05 PM PDT Oilfield services firm National Oilwell Varco Inc. (NYSE:NOV) has passed a key milestone on its way to acquiring industrial parts maker Ameron International Corp. (NYSE:AMN) for about $772 million in cash with the termination of a necessary waiting period under U.S. antitrust rules. National Oilwell and Ameron have been told by the U.S. Department of Justice and the Federal Trade Commission that the waiting period required under the American Hart-Scott-Rodino Antitrust Improvements Act of 1976 has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nucor Issues Third Quarter Guidance Posted: 16 Sep 2011 03:05 PM PDT Steel maker, Nucor Corporation (NYSE:NUE) announced its guidance for the third quarter 2011. The steel manufacturer expects to earn 45 cents to 55 cents per share, including last-in, first-out charges of $29 million, or 6 cents per share. These results represent an approximate 40%-50% decrease from second quarter earnings of $0.94 per diluted share. However, projected third quarter earnings would still be a 540%-690% increase over third quarter 2010 earnings of $0.07 per diluted share. Nucor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Stocks Dip, Products Build Posted: 16 Sep 2011 03:05 PM PDT The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than twice that of analyst expectations to reach their lowest level since February, as Tropical Storm Lee reduced production. However, the overall nature of the data is bearish with gasoline and distillate both adding to their supplies. Meanwhile, refiners reduced processing rates by 2.0%. The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monetary Policy Week In Review – 17 September 2011 Posted: 16 Sep 2011 03:00 PM PDT The past week in monetary policy saw 13 central banks review interest rate levels and monetary policy settings.  Those that changed rates were: Belarus +300bps to 30.00%, Kenya +75bps to 7.00%, and India +25bps to 8.25%.  Russia and Denmark also adjusted the bands of their deposit and lending rates, while holding their main rates steady.  The Banks that held rates unchanged were: Mauritius 5.50%, Mozambique 16.00%, Russia 8.25%, New Zealand 2.50%, Switzerland 0-0.25%, Georgia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Looking Ahead Posted: 16 Sep 2011 02:36 PM PDT Cusick’s Corner This has been a “stimulating” week where we have had whippy, corrective movement. The most notable sector that has caught my eye is the Consumer segment. While I have seen this action in the other larger broad based indices, SPY, QQQ, IWM, the Consumer segment is the one that is most sensitive to economic strength and weakness. The data lately has been showing more concern than an upbeat horizon. The action this week should be looked at as nothing more than a corrective move in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Twin Deals For Jacobs Engineering Posted: 16 Sep 2011 02:35 PM PDT Jacobs Engineering Group Inc. (NYSE:JEC) recently won two contracts, one from the U.S. Special Operations Command (USSOCOM) and another from the Hudson County Improvement Authority (HCIA), worth approximately $127 million. As per the agreement that comes under the purview of the Special Operations Forces Information Technology Enterprise Contracts (SITEC) delivery framework, Jacobs will provide information technology service management to USSOCOM. The contract has a base term period of two years … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Limited Brands Stays Neutral Posted: 16 Sep 2011 02:35 PM PDT We maintain our long-term Neutral recommendation on Limited Brands Inc.'s (NYSE:LTD), the owner of Victoria’s Secret Direct and La Senza chains, with a price target of $40.00. However, the stock holds a Zacks #2 Rank, which translates into a short-term Buy rating. Limited Brands sustained focus on cost containment, inventory management, and merchandise initiatives has kept it afloat in a sluggish consumer environment. This was quite evident from the company's August comparable-store sales, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dean Foods Stays Neutral Posted: 16 Sep 2011 02:35 PM PDT We currently maintain a long-term Neutral recommendation on Dean Foods Co. (NYSE:DF). The company is a leading processor and distributor of milk and other dairy products in the U.S. as well as a leading manufacturer of various specialty food products. To counter the ill effects of declining milk processing profits from increased money-offs on private label items and weak sales volume, Dean Foods is taking prudent steps, such as price realization through passing input cost inflation to customers, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 16 Sep 2011 02:10 PM 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 1.3800, down 0.55% 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

WRE Acquires Assets In Virginia Posted: 16 Sep 2011 02:05 PM PDT Washington Real Estate Investment Trust (NYSE:WRE) recently announced the acquisition of a nine-storied, 223,000 square feet office building named John Marshall II for $73.5 million. The building is located at the Tysons Central 7 metro station in Tysons Corner, Virginia. The acquisition was funded by a mortgage loan of $54.1 million and proceeds from the recent sale of the company's industrial assets and its line of credit. John Marshall II is a Class A office property, which is currently 100% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cousins Extends Watkins Partnership Posted: 16 Sep 2011 02:05 PM PDT Cousins Properties Inc. (NYSE:CUZ) recently announced that it will commence development of a community shopping center in Mahan Village for $25.0 million. For the concerned project, the company is collaborating with Watkins Retail Group and New Horizon Retail Development. Located at the intersection of Capital Circle and Mahan Drive, the $150,000 square foot center encompasses 19 acres in Tallahassee. Mahan Village is currently 79% leased and will feature a 45,600-square feet Publix Supermarket, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down At The End Of U.S. Session Posted: 16 Sep 2011 02:05 PM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.5792, down 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. 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

Forex – USD/JPY Up At The End Of U.S. Session Posted: 16 Sep 2011 02:00 PM 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 76.80, up 0.12% 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

Four-Peat Time? Posted: 16 Sep 2011 01:59 PM PDT In “Gauging the Gloom,” The Economist highlights yet another indicator suggesting (more) bad news ahead: The magazine notes that the R-word Index has a decent track record, adding that “previous incarnations of the index pinpointed the start of the American recessions in 1990, 2001, and 2007.” Of course, by the time blinkered stock bulls fully grasped what was happening to the real economy during those prior downswings, share prices were well on the way toward double-digit losses. Four-peat … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Time Is On Our Side With Amazon Posted: 16 Sep 2011 01:56 PM PDT By: JW Jones It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to heaven, we were all going direct the other way… Charles Dickens , A Tale of Two Cities The recent neck snapping … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Parcel Chalks Growth Goals Posted: 16 Sep 2011 01:50 PM PDT United Parcel Services (NYSE:UPS), the world’s largest package delivery company, set its revenue and earnings growth goal for the next three-to-five years at its investor day.  The company estimates its revenue and earnings to grow respectively 6–8% and 10–15% annually from 2011 to 2016. United Parcel continues to return cash to shareholders in the form of increased dividends and share repurchases. United Parcel started the year with an 11% hike in its quarterly dividend to 52 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Lowers Subscriber Forecast Posted: 16 Sep 2011 01:35 PM PDT Netflix Inc.'s (NASDAQ:NFLX) shares plummeted almost 19% in yesterday's trade after the company cut down on the projected subscriber base for its third quarter of fiscal 2011. Estimates for the total subscriber base declined by a million. The new estimate pins the company's DVD-only subscriber count at 2.2 million, down from the previously projected estimate of 3 million. Netflix also lowered its estimates for its streaming subscriber base to 9.8 million, down from the previously-guided … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Visa Extends Partnership Posted: 16 Sep 2011 01:35 PM PDT On Wednesday, Visa Inc. (NYSE:V) announced the extension of its partnership with the United States Hispanic Chamber of Commerce (USHCC) for the next three years. The partnership allows Hispanic merchants to use Visa's expertise such as customized tools for cash flow management, complementary advertising with Visa products and Visa's extensive online self-help materials that include pod casts, workshops and workbooks on business creation and management. Additionally, Hispanic-owned firms are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Lennar Corp. Posted: 16 Sep 2011 01:35 PM PDT Lennar Corp. (NYSE:LEN) announced that it would release its results for the third quarter of 2011 that ended on August 31, 2011 before the market opens on September 19, 2011. Florida-based Lennar earned a profit of 7 cents in the second quarter of fiscal 2011, beating the Zacks Consensus Estimate of 4 cents per share. In the upcoming quarter, the Zacks Consensus Estimate for Lennar is pegged at 11 cents per share, reflecting an annualized decline of 33%. The downside potential of the estimate, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Cleaning Formulations From Ecolab Posted: 16 Sep 2011 01:35 PM PDT Cleaning and sanitizing major Ecolab Inc (NYSE:ECL) has unveiled a new range of cleaning formulations for food and beverage industries. The product line dubbed "Mip," consisting of ten cleaning formulation, has been designed to maximize cleaning efficacy in these industries. The Minnesota-based company noted that the new product line will replace its existing caustic-based clean-in-place ("CIP") cleaners and will be available for sale across Europe, and the Middle East and Africa … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Launches Unlimited Prepaid Posted: 16 Sep 2011 01:35 PM PDT Verizon Communications (NYSE:VZ) recently unveiled its first unlimited prepaid plan for $50.00 a month. The plan would include unlimited voice, text and internet services. Prepaid wireless services remain an emerging business for U.S. telecom carriers, accounting for approximately 20% of the nation's total wireless subscribers. Over the years, this segment has registered significant growth owing to the economic downturn that has made users wary of long-term contracts and additional cost burdens. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Higher; Dow Jones Up 0.66% Posted: 16 Sep 2011 01:15 PM PDT Forexpros – U.S. stocks were up after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average rose 0.66%, the S&P 500 index gained 0.57%, while the Nasdaq 100 index climbed 0.85%. 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 month. Meanwhile, across the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Extended Credit Line For Red Lion Posted: 16 Sep 2011 01:05 PM PDT Red Lion Hotels Corporation (NYSE:RLH) recently extended its revolving credit facility with Wells Fargo Bank. The renewed credit facility expands the outstanding $12 million under the original facility by $18 million. The original facility, collateralized by two properties and bearing interest at prime rate plus 0.075%, matures in September 2012. Substantially all of the additional term debt is targeted to pay off maturing loans secured by the Red Lion Hotel at the Park in Spokane and the Red Lion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alexion’s Soliris Encourages Posted: 16 Sep 2011 01:05 PM PDT Recently, Alexion Pharmaceuticals (NASDAQ:ALXN) presented encouraging data from a small mid-stage study (n=14) which evaluated its drug Soliris in patients suffering from severe and refractory generalized myasthenia gravis (gMG). Data from the randomized, double-blind, placebo-controlled, cross-over study were presented at the annual Scientific Session of the Myasthenia Gravis Foundation of America, Inc. in San Francisco. The patients evaluated in the mid-stage study were suffering from moderate to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Chile Holds Policy Rate At 5.25% Posted: 16 Sep 2011 12:52 PM PDT The Banco Central de Chile maintained its monetary policy interest rate unchanged at 5.25%.  The Bank noted the impact of slowing developed market growth  and volatility, and on its own economy said: “Domestically, output and demand figures show signs of moderation, in line with projections in the Monetary Policy Report. Labor market conditions are still tight and faster growth in nominal wages is observed. CPI inflation indicators have hovered around 3% y‐o‐y, while … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Strengthens In Afternoon U.S. Trade Posted: 16 Sep 2011 12:40 PM PDT Forexpros – Forexpros – The U.S. dollar moved higher against its major counterparts in U.S. trade Friday, lifted by gains on Wall Street and hopes for progress on Europe's debt crisis. In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 0.62% to hit 1.3791. Speaking from a meeting of euro-zone finance ministers in Poland Friday, Luxembourg Prime Minister Jean-Claude Juncker said a decision on the next round of Greek aid would be made in October. The ECB … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Sri Lanka Keeps Rate At 7.00% Posted: 16 Sep 2011 12:40 PM PDT The Central Bank of Sri Lanka kept its benchmark repurchase rate steady at 7.00%, and also held the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%.  The Bank said: ”It is expected that the moderation of world economic activity along with the slowing down of both advanced economies as well as emerging economies would have some dampening effect on credit and therefore monetary expansion in the period ahead,”.  Also noting: ”if warranted, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Constellation Saves Energy Posted: 16 Sep 2011 12:35 PM PDT Energy utility Constellation Energy Group Inc. (NYSE:CEG) said that it has been selected again by Trenton Housing Authority to implement energy conservation measures at five housing developments through a second phase of a guaranteed energy performance contract ("EPC"). Constellation will get $11.5 million from the Housing authority to implement energy saving measures. The new investment will be partially funded by the realized savings generated from the energy conservation measures the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed’s IT Support To Air Force Posted: 16 Sep 2011 12:35 PM PDT Lockheed Martin Corporation (NYSE:LMT) received a contract from the U.S. Air Force worth $791 million to provide Information Technology ("IT") related services on the Global Combat Support System program ("GCSS") of the Air Force ("AF"). The current contract entails support for a three-year period besides four one-year options. The contact calls upon the company to ensure proper operations and sustainment of the enterprise infrastructure; deliver the infrastructure, data services, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

…And The Drama Continues For Yahoo Posted: 16 Sep 2011 12:15 PM PDT The latest rumor is that Yahoo Inc (NASDAQ:YHOO), which remains one of the biggest names in Internet business and online search, is seeing a growing number of bids for the whole or a part of its business. The suitors appear to be a number of private equity funds, including Silver Lake Partners, the fund that made a huge profit from buying a stake in Skype from eBay Inc (NASDAQ:EBAY) and subsequently selling it to Microsoft Corp (NASDAQ:MSFT). A consortium of Yahoo shareholders could also be interested in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Diamond Shines Despite Revenue Miss Posted: 16 Sep 2011 12:15 PM PDT Diamond Foods Inc.’s (NASDAQ:DMND) fourth-quarter fiscal 2011 earnings of 52 cents per share grew a robust 53% from the prior-year earnings of 34 cents per share, primarily driven by strong top-line growth and improved margins. The fourth-quarter earnings also surpassed the Zacks Consensus Estimate of 44 cents. Revenue for the reported quarter was $232.8 million, up 32% from $176.6 million recorded in the year-ago quarter. Strong performance in non-retail brands and the snack division drove the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avis Budget To Outperform Posted: 16 Sep 2011 12:05 PM PDT We maintain our long-term Outperform recommendation on Avis Budget Group Inc. (NYSE:CAR). Avis Budget Group is the leading general-use vehicle rental company in North America, Australia and New Zealand. Moreover, a formidable network of more than 7,800 rental locations and 350,000 vehicles enable the company to strengthen its well-established position in a highly competitive vehicle rental industry. Recently, Avis Budget reported robust second-quarter 2011 result. Quarterly earnings of 63 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Capella Maintained At Neutral Posted: 16 Sep 2011 12:05 PM PDT We maintain our long-term Neutral recommendation on Capella Education Company (NASDAQ:CPLA), aprovider of online education. The company's strong focus on working adults and exclusive online education has enabled it to establish a healthy position in the for-profit post-secondary education industry. Capella Education had delivered better-than-expected second-quarter 2011 results. The quarterly earnings of 99 cents a share beat the Zacks Consensus Estimate of 90 cents, and grew 15.1% from 86 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Theravance’s Vibativ Gets EU Nod Posted: 16 Sep 2011 12:05 PM PDT Theravance Inc. (NASDAQ:THRX) and partner Astellas Pharma recently announced that their drug Vibativ received marketing approval in the European Union (EU) for the treatment of nosocomial pneumonia (NP), also known as hospital-acquired pneumonia including ventilator-associated pneumonia caused by methicillin-resistant staphylococcus aureus (MRSA). Vibativ, Theravance's only commercialized drug, is an injectable antibiotic, which is currently marketed in the US and Canada for the treatment of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Builds Two More DDG Destroyers Posted: 16 Sep 2011 12:05 PM PDT Bath Iron Works, a subsidiary of General Dynamics Corporation (NYSE:GD), has received a sizeable contract from the U.S. Navy worth $1.8 billion for the construction of DDG 1001 and DDG 1002. The two ships DDG 1001 and DDG 1002, under the Zumwalt-class program, are expected to be delivered in December 2015 and February 2018, respectively. The first ship in this class was DDG-1000. The current contact allows the company to maintain a strong base of quality shipbuilding jobs in Maine. Additionally, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Pad Gains In Afternoon Trade; Dow Rises 0.6% Posted: 16 Sep 2011 12:03 PM PDT Forexpros – Forexpros – U.S. stocks gained in Friday trade, on pace for a five-day winning streak as European finance officials met to discuss the region's debt crisis and the details of Greece's next bailout. In late afternoon U.S. trade, the Dow Jones Industrial Average rose 0.61% to 11,503.50, the Nasdaq Composite Index gained 0.37% to 2,616.82, and the S&P 500 advanced 0.36% to trade at 1,213.50. Speaking from a meeting of euro-zone finance ministers in Poland Friday, Luxembourg … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TSA Creator: The Whole Thing Is A Fiasco. Screeners Should Be Privatized, Agency Dismantled Posted: 16 Sep 2011 11:57 AM PDT HUMAN EVENTS — “A decade after the TSA was created following the September 11 attacks, the author of the legislation that established the massive agency grades its performance at "D-." "The whole program has been hijacked by bureaucrats," said Rep. John Mica (R. -Fla.), chairman of the House Transportation Committee. "It mushroomed into an army," Mica said.  "It's gone from a couple-billion-dollar enterprise to close to $9 billion.” As for keeping the American public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day Posted: 16 Sep 2011 11:50 AM PDT Lisa … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF “goosed” Up To The 200 Hour MA, But Moves Back Down Posted: 16 Sep 2011 11:37 AM PDT In what was likely just an order upsetting the quiet market balance, the USDCHF moved up to the 100 hour MA at the 0.8772 level (high reached 0.8774) but then came back off.  The price has now been contained by the 100 hour MA on the topside and the 200 hour MA (green line) on the downside (at the 0.8731 level currently).  Closing in between the two extremes will leave next week to decide "bullish" or "bearish" on a break higher (above the 100 hour MA) or break below (below … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Yuan, Euro And Dollar Walk Into A Bank… Posted: 15 Sep 2011 10:00 PM PDT Currency markets have been the pawns in central bankers' chess games around the world in recent weeks, as each country looks to gain the slightest edge in today's growth-starved economy. Weeks ago we saw a big intervention from the Bank of Japan, which stepped in and tried to stop the yen's downward slide. Last week, it was the Swiss National Bank that moved to improve the Swiss franc's stature among global currencies. Also recently announced was that the Hong Kong dollar soon will no … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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