Friday, September 9, 2011

DailyMarkets.com - Positive Data On Teva Candidate

DailyMarkets.com - Positive Data On Teva Candidate

Positive Data On Teva Candidate

Posted: 09 Sep 2011 11:35 AM PDT

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) and Alcobra Ltd. announced top-line results on their attention deficit hyperactivity disorder (ADHD) candidate, MG01CI. Results were presented from a six week, randomized, placebo-controlled, phase II multi-center study that was conducted to evaluate the safety and efficacy of the candidate in adults suffering from ADHD.
Results showed that MG01CI met its primary efficacy endpoint by achieving a significant improvement on the Conners’ Adult ADHD … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Grows Focus On Indonesia

Posted: 09 Sep 2011 11:35 AM PDT

Toyota Motor Corp. (NYSE:TM) plans to invest ¥30 billion ($388 million) for building an assembly plant in Indonesia in order to tap demand from the fast-growing Southeast Asian market. With the addition of the plant, the automaker's production capacity in Indonesia will nearly double to 200,000 vehicles per year.
The new plant will be built adjacent to its existing factory in the Jakarta suburb of Karawang, which will also be expanded by the automaker in two years. The plant will start … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TSS Extends Deal, Develops App

Posted: 09 Sep 2011 11:35 AM PDT

On Wednesday, Total System Services, Inc. (NYSE:TSS) announced that it will continue providing authorizations and payment services to merchants of Clearent LLC – a payment processing company that caters to financial institutions, ISOs and merchants. The two companies signed a long-term agreement for the same. However, the financial terms of the deal were not disclosed.
We believe that the association between the companies is mutually beneficial. On one hand, the business brought in by Clearent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Imports Tumble, Crude Stocks Fall

Posted: 09 Sep 2011 11:35 AM PDT

The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than expected as imports tumbled, while gasoline and distillate both added to their supplies. Meanwhile, refiners reduced processing rates by 0.2%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Myriad Eyes Portfolio Expansion

Posted: 09 Sep 2011 11:35 AM PDT

Myriad Genetics (NASDAQ:MYGN) has made a debt investment of $25 million (for 6 years at 6% interest rate) in South San Francisco based Crescendo Bioscience and obtained an exclusive 3-year option to acquire it. Myriad has the discretion to exercise its option provided Crescendo attains a minimum revenue milestone during the 3 year period.
In this case, the acquisition price will be based on a pre-determined revenue multiple based on its growth rate. However, if Crescendo fails to achieve the revenue … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Patterson-UTI Rig Count Up To 223

Posted: 09 Sep 2011 11:35 AM PDT

Onshore contract driller Patterson-UTI Energy Inc. (PTEN) declared that its August 2011 drill rig count averaged 223, up from 216 in the previous month. The company operated 210 rigs in the U.S. and 13 in Canada in August, compared with 205 rigs in the U.S. and 11 rigs in Canada during July this year.
Patterson-UTI's activity levels in the U.S. peaked in early October 2008 with a rig count of 275. Since then through the second quarter of 2009, the company witnessed a steep and rapid decline … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Violent Pullback

Posted: 09 Sep 2011 11:19 AM PDT

Cusick’s Corner
This is a violent pullback, at least from the perspective of how hard the selling has come in at the peak of the Midday. Any rally that was potentially in the works after the President’s speech last night has been crammed down. I am watching the levels that we are at now, specifically 1155-1160 area — the market needs to hold these levels into the close otherwise next week could be a tough trade, especially if we fall more at the close. See you After Hours.
Stock market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Weakens In U.S. Afternoon Trade

Posted: 09 Sep 2011 11:14 AM PDT

Forexpros –
Forexpros – Crude oil futures fell in U.S. trade Friday, as a rising U.S. dollar combined with slumping shares on Wall Street raised concerns about stagnant economic growth in the world's largest energy consumer.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD86.72 a barrel during afternoon U.S. trade, falling 2.62%, after hitting a daily high of USD89.50.
U.S. and European stock markets sank in Friday trade, following the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Charting The Breakdown Levels To Watch In The Euro XEU

Posted: 09 Sep 2011 11:10 AM PDT

News of Greece's debt and European contagion again dominated the headlines on Friday.
The Euro broke major confluence chart support and is currently in free-fall… but what is the current structure saying and what are the current levels to watch as a reference?
Let's take a look, starting with the Weekly Frame:

What we're seeing is the Euro Index, symbol $XEU, which roughly tracks the EUR-USD FOREX pair (as in 140 in the Index is similar to 1.40 in the EUR-USD pair).  It's not a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United August Traffic Falls Overall

Posted: 09 Sep 2011 11:05 AM PDT

The consolidated August traffic dropped 2.7% at the largest U.S. airline United Continental Holdings Inc. (UAL) due to weak domestic and international travel. Airline traffic is measured in billions of revenue passenger miles, which means one mile flown by one passenger.
On a year-over-year basis, consolidated capacity (or available seat miles) fell 1.6% and load factor (percentage of seats filled with passengers) contracted 90 basis points (bps) to 85.7%.
United Continental expects 10.5% to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Drill, Drill, Drill = Jobs, Jobs, Jobs

Posted: 09 Sep 2011 11:00 AM PDT

Jeff Landry (R-LA) during Obama’s speech last night.
 
Statement from Rep. Landry: “By allowing the hard-working people in the Gulf of Mexico to ply their trade, we can save 25,000 job. And by lifting the ban on new offshore drilling, we could create 1.2 million jobs.  Mr. President, do the right thing: let us … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Disney Extends NFL Deal

Posted: 09 Sep 2011 10:50 AM PDT

The Walt Disney Company (NYSE:DIS) has stretched its broadcast rights deal with the National Football League for eight more years, the Wall Street Journal reported. According to the pact, the company will pay $15.2 billion over the tenure of the deal.
Deal Dissection
The newly announced deal will extend ESPN’s existing deal to 2021. The current deal was scheduled to end in 2014. Moreover, it includes digital rights of NFL-branded programs, 3D distribution and the right to air games on web enabled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ulta Salon Tops, Maintains Momentum

Posted: 09 Sep 2011 10:50 AM PDT

Ulta Salon, Cosmetics & Fragrance Inc. (NASDAQ:ULTA) posted second quarter 2011 earnings of 38 cents per share, which surpassed the Zacks Consensus Estimate of 32 cents. Quarterly earnings shot up 72.7% from the year-ago quarter earnings of 22 cents per share and also beat management's guided range of 31 cents to 33 cents.
The better-than-expected results were due to double-digit growth in the top line resulting from robust guest count.
Quarter Highlight
Net sales in the reported quarter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bulls Eye Rebound For Shares In Toyota, Sony

Posted: 09 Sep 2011 10:47 AM PDT

Bulls eye rebound for shares in Toyota, Sony
Today's tickers: TM, ANF, MUR & SNE
(NYSE:TM) – Toyota Motor Corp. – A bull call spread on automaker, Toyota Motor Corp., sees the stock potentially rallying nearly 11.0% by October expiration. Shares in the Japanese car company fell 2.4% this morning to $67.70, bringing the stock's total decline since July 21 up to 20.0%. The bullish spread on Toyota involved the purchase of 2,500 calls at the Sept. $70 strike for a premium of $1.90 each, and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kroger’s Profit Rises

Posted: 09 Sep 2011 10:35 AM PDT

The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted second-quarter 2011 results. The quarterly earnings of 41 cents a share jumped 7.9% from 38 cents delivered in the prior-year quarter. Management hinted that the increase in the bottom-line remains consistent with Kroger's long-term goal of 6% to 8% growth.
On a reported basis, including certain tax benefit, earnings came in at 46 cents a share, up 12.2% from 41 cents earned in the year-ago quarter.
Analysts … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

BofA To Layoff 40,000 Workers

Posted: 09 Sep 2011 10:35 AM PDT

Bank of America Corp. (NYSE:BAC) is mulling over retrenching 40,000 workers under the first phase of a proposed restructuring program to recover its financial position, the Wall Street Journal reported following communication with people familiar with the plans. The looming layoff scenario does not come as a surprise from a company fraught with a $1 trillion problem-loan portfolio. The ongoing economic and market instability has compounded the quandary.
According to the report, BofA officials have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint To Expand In Ethernet Market

Posted: 09 Sep 2011 10:35 AM PDT

One of the leading telecom carriers, Sprint (NYSE:S) announced its plans to expand its Ethernet services to 65 markets, thereby driving growth in its networking business. The company has already made its presence felt in Ethernet business in 40 domestic and 37 international markets.
The expansion move underlines Sprint intent to widen its presence in both domestic and international markets as well as strengthen its existing foothold.
Through Ethernet services Sprints provides high-bandwidth, fiber … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Prologis Divests In Korea

Posted: 09 Sep 2011 10:35 AM PDT

Prologis (NYSE:PLD), a leading industrial real estate investment trust (REIT), has recently divested a significant chunk of its portfolio in Korea for net proceeds of $65.6 million. The asset sale was part of the corporate strategy of the company to better align the portfolio with its investment policy, sprucing up of private capital business, and strengthening the balance sheet.
The company sold 8 wholly-owned properties in Korea as well as a 20% stake in the Prologis Korea Fund, which consisted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Stocks End Session Sharply Lower; DAX Sheds 4%

Posted: 09 Sep 2011 10:33 AM PDT

Forexpros –
Forexpros – European stocks sank in Friday trade, following the resignation a of key European Central Bank official and the implications for ongoing efforts by the ECB to address the region's sovereign debt crisis.
At the end of Friday's European session, the STOXX 50 Index slumped 4.15% to 2,073.67, France's CAC fell 3.6% to 2,974.59, Britain's FTSE gave up 2.35% to 5,214.65, and Germany's DAX surrendered 4.04% to close at 5,189.93.
Earlier Friday, European Central Bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Euro-zone Worries…not Going Away”

Posted: 09 Sep 2011 10:32 AM PDT

09/09/11 OnPoint Executions’ Bobby Heller discusses today’s volatility in equities and ongoing jitters over Europe’s sovereign … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Europe In Disarray As Stark Bolts ECB, Germany Prepares Contingency Plan For Greek Default

Posted: 09 Sep 2011 10:30 AM PDT

Following a week session in the euro yesterday on the back of the ECB turning more dovish today we see the market continuing to route the euro currency. Today, in addition to that shifting expectations regarding interest rates for that ECB, we have dissension turning into resignation as ECB member Stark decided to leave the ECB on account of his objection to the ECB bond buying program (according to Reuters, though the official word is "personal reasons"). He will be the second … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Sees A Steep Decline On European Debt Concerns And Stronger Dollar

Posted: 09 Sep 2011 05:30 AM PDT

09/09/11 Crude prices were down more than $3 intraday as European debt concerns and a stronger dollar hampered prices as the week nears its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MGIC Slashes Jobs, Posts Aug Stats

Posted: 09 Sep 2011 10:15 AM PDT

Private mortgage insurer, MGIC Investment Corp. (MTG) recently announced 19 layoffs at its Milwaukee headquarters, including five positions associated with the company's eMagic and Myers Internet units.
The job cuts at eMagic and Myers Internet units relate to the fact that MGIC is mulling over the sale of these two units. While eMagic is an online mortgage loan origination service for banks, credit unions, mortgage bankers and originators, Myers creates websites for mortgage and real estate … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Xerox Enhances Digital Portfolio

Posted: 09 Sep 2011 10:15 AM PDT

Xerox Corporation (NYSE:XRX) recently unveiled two new additions to its digital print portfolio, namely Xerox Color 550/560 Printer and Xerox 770 Digital Color Press. Xerox Color 550/560 Printer will increase productivity and color print quality of the products, thereby adding new dimensions to the print providers' businesses.
On the other hand, Xerox 770 Digital Color Press will boost the print business of the providers with higher monthly print volume as the product enables expansion into … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Lower; Dax Down 4.04%

Posted: 09 Sep 2011 10:05 AM PDT

Forexpros – European stocks were down after the closing bell on Friday.

At the close of European trade, Germany's DAX fell 4.04%, London's FTSE 100 shed 2.35%, France's CAC 40 declined 3.60% and the EURO STOXX 50 was down 4.15%.

Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 2.72%; the S&P 500 index shed 2.61%, while the Nasdaq 100 index declined … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Falls In Early U.S. Trade

Posted: 09 Sep 2011 09:52 AM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in U.S. trade Friday,
as Wall Street shares slumped on euro-zone debt concerns and questions remained whether a proposed USD447 billion economic stimulus package would be approved by Congress.
In early U.S. trade USD/JPY hit 77.10, the pair's lowest since Tuesday; the pair subsequently consolidated at 77.25, falling 0.33%.
The pair was likely to find support at 76.71, Tuesday's low, and resistance at 77.70, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cartoon Of The Day

Posted: 09 Sep 2011 09:36 AM PDT

DIRECTV Offers NFL To Lift Viewership

Posted: 09 Sep 2011 09:35 AM PDT

In a strategic decision, DIRECTV (NASDAQ:DTV), the largest satellite TV service provider in the U.S., has decided to stream its NFL (National Football League) Sunday Ticket TV package on the Internet. The company is trying to expand the viewership of football games by broadcasting it online. Subscribers can now watch NFL matches via Sony Corp.'s (NYSE:SNE) PlayStation 3 videogame console, laptops/PCs, and other high-end mobile devices such as Apple Inc.'s (NASDAQ:AAPL) iPhone.  
The existing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Plummets To 6-month Low As Greece Default Nears

Posted: 09 Sep 2011 09:27 AM PDT

Fundamental Headlines
• Greece Must Keep Cutting or 'Probably' Exit Euro, Flaherty Says – Bloomberg
• Germany Said to Ready Plan to Help Banks if Greece Defaults – Bloomberg
• Stark to Leave ECB Over Bond-Buying – Reuters
• U.S. Demands Action from Europe's Strongest at G7 – Reuters
• Obama's Bid to Spur Growth – WSJ
European Session Summary
Although market participants may have been feeling slightly more positive about the medium-term outlook of the U.S. economy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

St. Jude’s Genesis Wins CE Mark

Posted: 09 Sep 2011 09:15 AM PDT

Medical devices major St. Jude Medical (NYSE:STJ) has won the European CE Mark approval for its Genesis neurostimulation system designed for peripheral nerve stimulation ("PNS") of the occipital nerve (spinal nerve) for managing pain and disability associated with chronic migraine, a condition afflicting millions globally.
The Genesis neurostimulation system works by delivering mild electrical pulses to leads placed under the skin at the back of the head, stimulating the occipital … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Sinks On ECB Member Resignation

Posted: 09 Sep 2011 09:13 AM PDT

Forexpros –
Forexpros – The euro fell to an eight-month low against the U.S. dollar in early trade Friday, following the resignation a of key European Central Bank official and renewed fears over a worsening of Europe's sovereign debt crisis.
EUR/USD hit 1.3698 in early U.S. trade, the pair's lowest since February 23; the pair subsequently consolidated at 1.3659, falling 1.59%.
The pair was likely to find support at 1.3526, the low of February 22, and resistance at 1.4150, Wednesday's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

United Natural Reports In Line

Posted: 09 Sep 2011 09:05 AM PDT

United Natural Foods, Inc. (NASDAQ:UNFI) reported adjusted earnings of 43 cents per share in the fourth quarter of fiscal 2011, which were in line with the Zacks Consensus Estimate. However, it grew 7.5% year over year.
During the reported quarter, earnings in the fourth quarter of 2011 included the additional dilutive effect of the company’s common stock offering completed in the first quarter of fiscal 2011.
However, the adjusted earnings exclude the pre-tax expenses of $6.3 million recognized in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quest To Speak At Global Conference

Posted: 09 Sep 2011 09:05 AM PDT

Leading diagnostics player, Quest Diagnostics (NYSE:DGX) is scheduled to speak at the Morgan Stanley Global Healthcare Conference on September 13, 2011 in New York. The company is expected to talk about the various strategies it has adopted to strengthen itself over the long-term.
Quest Diagnostics is focusing on areas with high potential such as gene-based, esoteric testing for cancer, cardiovascular disease, infectious disease and neurological disorders. The company has experienced increasing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Of Course Social Security Is A Ponzi Scheme, Everybody Knows That

Posted: 09 Sep 2011 08:41 AM PDT

As everyone in the press surely knows, a Ponzi scheme takes money from later payers or investors to pay earlier payers or investors rather than paying recipients money from their own contributions or earnings on those contributions. As everyone in the press also surely knows, that is the way Social Security has been working for years. Why, then, does most of the press ignore those simple facts and insist on treating a simple statement of them as an off-the-charts "attack "on Social … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Singapore Stock Market Update For Friday 09 September

Posted: 09 Sep 2011 08:36 AM PDT

Market closed lower, off 31.80 points with a volume of 1.3374 bln traded. We believe that market is now directionless and consolidating. Low of 2680.83 now serves as a support as well as 2735.87 which is the 2nd support level. We believe that market shall retest 2680.83 again. 2 cases of scenario :

1st case : Market retests 2680.83 and manages to break through but eventually reclaim 2700 psychological support. Consolidation set in before moving up slowly.

2nd case : Market retest 2680.83 but … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Tests Fibonacci Support At The 1.3662 Level. Care Warranted…

Posted: 09 Sep 2011 08:35 AM PDT

Weekend fear of a Greek default has the EURUSD trading at the days and lowest level since the end of February of this year.  The 1.36623 level is the 61.8% of the 2011 range. THe 1.3674 level is trendline support.  So far support has held.  However, care should be in order. It is Friday. Weekend risk is unknown. Comments from official (Germany and Greece) are suggesting that an event out of Greece could happen (Germany says they have a plan, Greece denies a default – of course … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Statoil Resumes North Sea Venture

Posted: 09 Sep 2011 08:35 AM PDT

Norway based Statoil ASA (NYSE:STO) is planning to revive its North Sea venture with a £6 billion ($9.6 billion) investment. The project was shelved earlier this year due to the imposition of new tax legislations on North Sea oil production by the U.K.
Statoil had suspended developments of the Mariner and Bressay oilfields in the southeast of Shetland after a hike in supplementary tax (from 20% to 32%) was announced in the March budget. However, the Treasury took its decision back later following … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alliant Moves Closer To Market

Posted: 09 Sep 2011 08:35 AM PDT

Defense and aerospace company Alliant Techsystems Inc. (NYSE:ATK) said it will move its corporate headquarters from Minnesota to Northern Virginia in order to better serve its federal customers and partners as well as expand its footprint.
Alliant plans to relocate to its new headquarters in Arlington, Virginia, on October 1, 2011. The company already has a base in Arlington and plans to expand it in order to accommodate employees moving from Minnesota. The company's present office in Virginia … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: USDJPY Falls On Safe Haven Flows

Posted: 09 Sep 2011 08:27 AM PDT

The USDJPY has fallen sharply over the last half hour of trading. Safe haven flows on EU bank concerns has sent traders into the JPY. THe price fell below trendline support at the 77.54 level. This is now resistance above. On the downside, a break below the 77.42 level sends the pair … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Stock Averages Slide On Euro Zone Jitters

Posted: 09 Sep 2011 08:08 AM PDT

09/09/11 Wall Street opened lower amidst ongoing concerns over the Euro-zone. ECB’s Stark is stepping down over central bank’s bond-buying … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CVS Caremark Remains At Neutral

Posted: 09 Sep 2011 08:05 AM PDT

Recently, we reiterated our Neutral recommendation on CVS Caremark Corporation (NYSE:CVS) with a target price of $38.00.
CVS reported an adjusted EPS of 65 cents in the second quarter of 2011, surpassing the Zacks Consensus Estimate by a penny but meeting the year-ago quarter's adjusted EPS.
After a period of sluggish performance, CVS' Pharmacy Benefit Management (PBM) segment grew for the second consecutive quarter. During the quarter, this segment recorded a robust 23.2% year-over-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stark Resignation Creates Selling Spiral – Core Bonds Surge

Posted: 09 Sep 2011 08:03 AM PDT

Bond yields fell following the resignation of Bundesbanker Juergen Stark as the ECB's chief economist. He will leave at the end of the year and although personal reasons were cited, one familiar source said that he had disagreed with the ECB's bond purchase program. European share prices extended losses as the divisions between lawmakers and central bankers claims its first victim. Global risks are rising as are the tensions. On any other day a U.S. Presidential address delivering a $447 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Targets (continued).

Posted: 09 Sep 2011 08:00 AM PDT

A long time follower, Stephen Ward, also pointed out that the 1.3674 level is another downside target. This level is just above the 61.8% of the move up from the years low at the 1.2873 level to the years high at the 1.4939 level.  That comes in at the 1.36623 level.  Keep these targets in mind. There should be profit taking near the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Moving Can Have Negative Effect On Your FICO Credit Score

Posted: 09 Sep 2011 08:00 AM PDT

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


Wall Street Remembers 9/11 With Silence And Tears

Posted: 09 Sep 2011 03:00 AM PDT

09/09/11 The NYSE remembers 9/11 with an emotional opening bell ceremony led by a moment of silence, a rousing rendition of “God Bless America”, & an opening bell led by the same party that opened the NYSE trading on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 09 Sep 2011 08:00 AM PDT

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

EUR/USD was trading at 1.3713, down 1.21% at time of writing.

The pair was likely to find support at 1.3698, today's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.82% to hit 0.8627 and EUR/JPY falling 0.91% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBPUSD At Key Trendline On The Daily

Posted: 09 Sep 2011 07:52 AM PDT

The GBPUSD is testing the trendline support at the 1.5905 level today (see daily chart above). The price has moved  below this level today. The first dip below was followed by a sharp move back higher as the market rejected the move (see chart below).  Over the last few hours, the price has been consolidating around the level with the 38.2% of the last leg providing a ceiling at the 1.5916 level. A move that takes the price back above the 1.5916 level is needed to help confirm the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

August Comps Slip At Bon-Ton

Posted: 09 Sep 2011 07:50 AM PDT

Same-store sales at Bon-Ton Stores Inc. (NASDAQ:BONT) slipped 4.7% in the four-week period ended August 27, 2011 compared with a drop of 4.6% in the year-ago period. On a year-to-date basis, same-store sales fell 1.8% in August 2011.
Total sales declined 5.4% to $177.1 million during the four-week period ended August 27, 2011 from $187.2 million in the same period ended August 28, 2010. Further, on a year-to-date basis, total sales increased 2.4% to $1,422.5 million, compared with $1,457.1 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours

Posted: 09 Sep 2011 07:40 AM PDT

Forexpros – The British Pound was lower against the Japanese Yen on Friday.

GBP/JPY was trading at 123.60, down 0.07% at time of writing.

The pair was likely to find support at 123.07, Tuesday's low, and resistance at 125.05, Tuesday's high.

Meanwhile, the British Pound was down against the U.S. Dollar and up against the Euro, with GBP/USD shedding 0.36% to hit 1.5900 and EUR/GBP falling 0.74% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CA To Assist VMware

Posted: 09 Sep 2011 07:35 AM PDT

Technology solutions provider CA Technology (NASDAQ:CA) recently announced that it will provide technical assistance to VMware customers to ensure the smooth transition to VMware vSphere 5.  Customers can ease their migration to VMware vSphere 5 by using CA Virtual Placement and Balancing, a new solution that helps consolidate virtual machines, hosts and clusters at lower upgrade costs and improves operating efficiency.
The upgradation to VMware vSphere 5 will consolidate the customers' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

IBM Partners 3M

Posted: 09 Sep 2011 07:35 AM PDT

In an attempt to develop an advanced stacking technology, International Business Machines Corp. (IBM) recently entered into a partnership with Minnesota-based materials company 3M. Through this collaboration, IBM intends to develop a new material, which will help it to stack 100 or more chips together to build microprocessors that can be used for commercial purposes.
IBM believes that the new microprocessors produced by the technology will have much greater computing and data-storage capability … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stats Of The Day

Posted: 09 Sep 2011 07:26 AM PDT

1. The number of active Twitter members is now more than 100 million, almost double the number at the beginning of the year.

2.The number of Chinese billionaires had doubled in the last two years, from 130 in 2009 to 271 this year. China is now second only to the United States which boasts about 400 billionaires.  What would Mao say?  Let hundreds of Chinese billionaires … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: EURUSD Breaking Below The 1.3728 Support. Key Level For Traders

Posted: 09 Sep 2011 07:13 AM PDT

The EURUSD has moved lower on the back of ECBs Stark resignation.  The move lower has pushed the price below a couple trendlines on the hourly chart at the 1.3728 area. This level will be key for traders.  Right now the price has remained below it keeping the bearish bias. A move above should lead to some short covering.
On the downside, the next key support comes in at the 1.3662 level. This is the 61.8% of the 2011 trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dodd-Frank Act, Aka The 2010 Full Employment Act For Lawyers, Accountants, And Consultants

Posted: 09 Sep 2011 07:07 AM PDT

NEW YORK TIMES — “Call it Dodd-Frank Inc. A year after Congress passed the broadest financial overhaul since the Great Depression, the law has spawned a host of new businesses to help Wall Street comply — and capitalize — on the hundreds of new regulations. Besides the lawyers, there are legions of corporate accountants, financial consultants, risk management advisers, turnaround artists and technology vendors all vying for their cut.”

"It is a full-employment act," said Gregory J. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Zacks Initiates Coverage Of Golden Phoenix Minerals

Posted: 09 Sep 2011 06:55 AM PDT

Steven Ralston, CFA
Zacks initiates coverage of Golden Phoenix Minerals

Zacks has initiated coverage of Golden Phoenix Minerals (GPXM) with an Outperform rating. Golden Phoenix is a Nevada-based junior mineral exploration company that targets and acquires mineral properties, primarily gold, silver and molybdenum. Currently, the company is focused on multiple projects in the Americas, namely in Nevada, Peru, Ontario and most recently Panama. Management is opportunistic and is actively searching … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Roche And Evotec Sign Agreement

Posted: 09 Sep 2011 06:55 AM PDT

Roche Holdings Ltd. (RHHBY) recently announced that it has entered into a worldwide agreement with Evotec AG (EVTCY) for the development and commercialization of the latter's candidate EVT 302, which is being studied for the treatment of Alzheimer’s disease (AD).
According to the agreement, Roche will make an upfront payment of $10 million to Evotec. Additionally, Evotec is entitled to receive development and commercial milestone payments of up to $820 million as well as tiered … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pelangio Increases The Strike Length At Pokukrom East Again

Posted: 09 Sep 2011 06:55 AM PDT

Steven Ralston, CFA
Pelangio increases the strike length at Pokukrom East again

Pelangio Exploration (PX.V: TSX-V and PGXPF: OTCBB) announced two important discoveries on its Manfo property in Ghana. First, the strike length of the Pokukrom East bulk tonnage mineralization gold zone has been increased to 850 meters from 660 meters. Second, a new low-grade gold zone has been confirmed through the company's diamond core drilling program. Since it is between Nfante East and Nfante West, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The President’s Jobs Proposal

Posted: 09 Sep 2011 06:55 AM PDT

With nothing else on the economic calendar, the market will be focused on evaluating the president’s much-anticipated jobs speech Thursday evening. The day’s other speech, from Fed Chair Ben Bernanke, had turned out be somewhat of a disappointment relative to what the market was looking for. It appears now that whatever the Fed will be doing will be at its two-day meeting later this month.

The president laid out quite an ambitious plan, at least in terms of its size. More than half of the $447 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market News Briefs: Achillion Pharmaceuticals, Caliper Life Sciences Inc, Caseys General Stores, G-III Apparel Group, LTD., Gramercy Capital Corp, Google, Piper Jaffray Companies, PerkinElmer, Smithfield Foods, Silicom Ltd

Posted: 09 Sep 2011 06:55 AM PDT

    Smithfield Foods (NYSE:SFD) posted Q1 EPS of $0.69, surpassing the Zacks Consensus Estimate of $0.68 per share. Revenues for the quarter rose 6.6% year-over-year to $3.09 billion

    PerkinElmer, Inc. (NYSE:PKI) said it will acquire Caliper Life Sciences Inc. (NASDAQ:CALP) in a deal worth about $600 million. Following this development, shares of the genomic-detection tech maker advanced 41.14% to close at $10.43

    Shares of retailer Casey's General … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Supervalu To Sell 107 Gas Stations

Posted: 09 Sep 2011 06:55 AM PDT

Supervalu Inc. (NYSE:SVU), one of the largest grocery chains in the United States, announced that it will sell 107 of the 134 gas stations in order to free up its cash. The company's cash has been under pressure, with revenues declining year-over-year in all of its last nine quarters.
The gas stations are mostly situated in the region between Midwest and the West Coast and include the majority of fuel centers within the Albertsons, Cub Foods, Hornbacher's and Jewel-Osco brands.
According to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Barrick Gold Sells Pinson Stake

Posted: 09 Sep 2011 06:55 AM PDT

Canadian mining company  Barrick Gold Corporation (NYSE:ABX) announced that it has sold its 70% interest in the Pinson Mine, located in Humboldt County, Nevada, to Atna Resources Ltd. for $15 million and 15 million common shares of Atna valued at about C$11.4 million.
The equity portion of the deal gives Barrick a roughly 12.8% stake in Atna. In addition, Atna granted Barrick a royalty of 10% of net profits that triggers once the initial 120,000 ounces of gold are produced by the Pinson Mine. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Ecolab Plans Share Buyback

Posted: 09 Sep 2011 06:55 AM PDT

Leading cleaning and sanitation products company Ecolab Inc (NYSE:ECL) is planning to buy back $1 billion worth of shares. The repurchase will be executed following the closure of the Minnesota-based company's acquisition of water treatment company Nalco Holding Company (NYSE:NLC). The $8 billion Nalco deal is expected to close in fourth-quarter 2011.
The planned repurchase will be executed from time to time in privately negotiated transactions based on market conditions. The buyback program is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down During The European Session

Posted: 09 Sep 2011 06:50 AM PDT

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

NZD/USD was trading at 0.8246, down 0.75% at time of writing.

The pair was likely to find support at 0.8206, Tuesday's low, and resistance at 0.8450, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.28% to hit 1.2694 and EUR/NZD falling 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AUD/JPY In Triple Top Action With 80.60, 80.20 In Sight

Posted: 09 Sep 2011 06:37 AM PDT

AUD/JPY

Triple Top: When the market fails to break above a certain level, in this case the 82.40 level, it creates resistance. When there are clearly 3 attempts that failed, and a subsequent decline falls below some common support, we have a triple top. Essentially, this suggests the market has "topped" off, or leveled off after a rally, and signals a reversal.

The AUD/JPY formed a triple top after falling below the 200SMA which was shared as support during this topping formation.
This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/CHF Down In European Trade

Posted: 09 Sep 2011 06:25 AM PDT

Forexpros – The Euro was lower against the Swiss Franc on Friday.

EUR/CHF was trading at 1.2144, down 0.08% at time of writing.

The pair was likely to find support at 1.1017, Monday's low, and resistance at 1.2188, today's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.83% to hit 1.3766 and EUR/JPY falling 0.45% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will High Prices Help To Ration Soybean Supplies?

Posted: 09 Sep 2011 06:18 AM PDT

Friday, September 9, 2011
It does appear that US Soybean supplies will remain tight going into 2012, even if average yields do not fall significantly from current estimates. Some traders who expect Soybean futures prices to remain stable or move higher in the coming weeks may wish to consider exploring selling put spreads in Soybean futures options. For example, with November Soybeans trading at 1413.00 as of this writing, the October 1360 puts could be sold and the October 1310 puts purchased … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

President Obama Puts Forth The $447 Billion American Jobs Act & Japan’s Economy Contracts More-than-expected

Posted: 09 Sep 2011 01:15 AM PDT

09/09/11 NYFP’s Morning Market Brief: President Obama introduces the American Jobs Act, Homeland Security warns of credible yet unconfirmed terrorist threat, Japan’s GDP growth shrinks, & Chinese inflation … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greenback Nears Eight-week Peak

Posted: 09 Sep 2011 06:12 AM PDT

The dollar is challenging its highest level in eight weeks after the President delivered a difficult choice for lawmakers: Pass this bill or incur the wrath of an increasingly irritable middle-class America tired of watching the Washington circus put the economy at risk on account of personal self-interest. The bill was full of tax cuts that Republicans typically crave and Obama's pitch was pretty sweet as he told a packed house that the cost would come from future savings. Passage of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Honeywell Receives Contract

Posted: 09 Sep 2011 06:05 AM PDT

Honeywell International Inc. (NYSE:HON) received a contract for its Ground Systems and Mission Operations (GSMO) services from NASA’s Goddard Space Flight Center (GSFC). The services will be used by the agency’s fleet of scientific research satellites under this five year contract.
The goal of NASA's research satellite program is to better understand important issues like planetary exploration, natural disaster characterization, climate change, ground topography mapping, agricultural efficiency, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Mechel Announced Posiet Port Results

Posted: 09 Sep 2011 06:05 AM PDT

Russian coal miner and steelmaker Mechel OAO (NYSE:MTL) announced record coal transshipment results achieved by Trade Port Posiet OAO in August.
In August, Posiet Port loaded record 26 cargo ships with a total of 509,000 tonnes of coal products driven by improvements in the port’s technical support made within the framework of the large-scale modernization program, scheduled to be completed by the end of 2012.
Posiet Port achieved a new level in transshipment of coal, which is particularly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Jakarta “Traffic Jockeys” Rent Themselves Out As Paid Passengers

Posted: 09 Sep 2011 05:55 AM PDT

PRI — “With 20 million vehicles on the streets each day, and with far less pavement than in big cities like New York, Singapore and Tokyo, traffic in Jakarta is terrible (see photo above). To reduce the number of cars on the road, lawmakers have designated several main arteries as what they call "Three in One zones."

During the morning and afternoon rush, you can't drive there unless you have at least three people on board. That's why, near the entrances to the zones, men, women and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 09 Sep 2011 05:50 AM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.

USD/CAD was trading at 0.9924, up 0.30% at time of writing.

The pair was likely to find support at 0.9830, Thursday's low, and resistance at 0.9965, Tuesday's high.

Earlier in the day, official data showed that Canadian employment change fell unexpectedly to a seasonally adjusted -5.5K last month from 7.1K in the preceding month.

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

ERJ-AEL Join Hands To Form Harpia

Posted: 09 Sep 2011 05:30 AM PDT

A unit of Embraer SA (NYSE:ERJ) recently broadcasted establishment of a joint venture company with AEL Sistemas, the Brazilian subsidiary of an Israeli defence firm Elbit Systems.
Under the agreements, the parties established a joint company, Harpia Sistemas S.A (“Harpia”). Embraer Defesa e Seguranca will have 51% stake while AEL Elbit will hold 49% in their new venture.
The new company, based in Brasilia, has planned to operate unmanned aircraft systems, avionics systems and simulators, as well … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Wells Fargo To Acquire LaCrosse

Posted: 09 Sep 2011 05:30 AM PDT

Earlier this week, Wells Fargo & Company (NYSE:WFC) announced its plan to acquire LaCrosse Global Fund Services from Cargill Inc. LaCrosse is an independent hedge-fund administration and middle-office service provider company of Cargill. The deal is subject to certain regulatory approval in several jurisdictions.
The transaction is being financed by the Structured Product Services division of Wells Fargo Corporate Trust Services (CTS), leader in providing trustee and agency services to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Housing Starts Fall More-than-expected

Posted: 09 Sep 2011 05:25 AM PDT

Forexpros – Canadian housing starts fell more-than-expected last month, official data showed on Friday.

In a report, Canadian Mortgage and Housing Corporation said that Canadian housing starts fell to a seasonally adjusted annual rate of 185K, from 205K in the preceding month.

Analysts had expected Canadian housing starts to fall to 200K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Loonie Slides As Canadian Economy Sheds Jobs In August

Posted: 09 Sep 2011 05:20 AM PDT

After a bank of Canada interest rate decision earlier in the week – which put the BOC a neutral to dovish stance – Canadian authorities put out a weak August jobs report. The economy shed jobs during the month and the unemployment rate rose.
From Bloomberg: "Canada unexpectedly lost jobs for the first time in five months in August, led by goods-producing industries such as construction and natural resources. Employment fell by 5,500 after rising by 7,700 in the previous month, Statistics … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 09 Sep 2011 05:15 AM PDT

Forexpros – The Euro was lower against the British Pound on Friday.

EUR/GBP was trading at 0.8659, down 0.45% at time of writing.

The pair was likely to find support at 0.8649, today's low, and resistance at 0.8842, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.45% to hit 1.3818 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Weak Euro Means A Weak CHF; Target Levels For EUR/USD, USD/CHF And GBP/CHF

Posted: 09 Sep 2011 05:08 AM PDT

After the SNB announced that it will defend EUR/CHF at 1.20, it has stayed above this level. The timing for the SNB could not have been better because the EUR has been falling, and continues to fall this week. With what is effectively a peg, the weakness in the EUR means weakness in the CHF, and we are seeing that in the markets.

The EUR/USD held below 1.40, and is now at the 1.38 level heading into the Friday US session. The 1.3450-1.3460 area is the next support zone, and there is a good … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up On Economic Data

Posted: 09 Sep 2011 04:15 AM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Employment Change.

USD/CAD was trading at 0.9932, up 0.39% at time of writing.

The pair was likely to find support at 0.9830, Thursday's low, and resistance at 0.9965, Tuesday's high.

Earlier in the day, official data showed that Canadian employment change fell unexpectedly to a seasonally adjusted -5.5K last month from 7.1K in the preceding month.

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

Canadian Employment Change Falls Unexpectedly

Posted: 09 Sep 2011 04:10 AM PDT

Forexpros – Canadian employment change fell unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian employment change fell to a seasonally adjusted -5.5K, from 7.1K in the preceding month.

Analysts had expected Canadian employment change to rise 22.5K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up During The European Session

Posted: 09 Sep 2011 03:20 AM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Friday.

USD/CHF was trading at 0.8796, up 0.46% at time of writing.

The pair was likely to find support at 0.7822, Monday's low, and resistance at 0.8814, today's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.46% to hit 1.3817 and USD/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In European Trading Hours

Posted: 09 Sep 2011 02:55 AM PDT

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

EUR/USD was trading at 1.3807, down 0.53% at time of writing.

The pair was likely to find support at 1.3805, today's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.40% to hit 0.8664 and EUR/JPY falling 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up In European Trade

Posted: 09 Sep 2011 02:30 AM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 77.57, up 0.08% at time of writing.

The pair was likely to find support at 76.69, Monday's low, and resistance at 77.73, Tuesday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.33% to hit 1.3836 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up On Economic Data

Posted: 09 Sep 2011 01:55 AM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on PPI Input.

GBP/USD was trading at 1.5978, up 0.13% at time of writing.

The pair was likely to find support at 1.5914, Thursday's low, and resistance at 1.6202, Tuesday's high.

Earlier in the day, official data showed that Producer price inflation input in the U.K. fell more-than-expected to a seasonally adjusted -1.9% last month from 0.6% in the preceding month.

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

U.K. PPI Input Falls More-than-expected

Posted: 09 Sep 2011 01:40 AM PDT

Forexpros – Producer price inflation input in the U.K. fell more-than-expected last month, official data showed on Friday.

In a report, National Statistics said that U.K. PPI input fell to a seasonally adjusted -1.9%, from 0.6% in the preceding month.

Analysts had expected U.K. PPI input to fall -1.5% last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitbug Secures Key New Deal With US Health Insurer

Posted: 09 Sep 2011 01:20 AM PDT

Fitbug (LON:FITB), the AIM-listed personal health and well-being business, has signed a Master Services Agreement (MSA) with the health services arm of one of the largest health insurers in the US, which through its businesses serves more than 60 million people. The deal is significant for Fitbug because it marks a major step forward in its key US market by giving it accreditation as a supplier. Fitbug's services include online health and wellness coaching with a device that allows users to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up During The European Session

Posted: 09 Sep 2011 01:10 AM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5960, up 0.02% at time of writing.

The pair was likely to find support at 1.5914, Thursday's low, and resistance at 1.6202, Tuesday's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.13% to hit 0.8687 and GBP/JPY rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 09 Sep 2011 12:15 AM PDT

Forexpros – The Euro was higher against the British Pound on Friday.

EUR/GBP was trading at 0.8703, up 0.06% at time of writing.

The pair was likely to find support at 0.8694, Thursday's low, and resistance at 0.8842, Thursday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.10% to hit 1.3895 and EUR/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Markets Mixed At Close; Nikkei Down 0.63%

Posted: 09 Sep 2011 12:10 AM PDT

Forexpros – Asian stocks were mixed after the closing bell on Friday.

At the close of Asian trade, Japan's Nikkei 225 index fell 0.63%, Australia's S&P/ASX 200 index gained 0.16%, while Hong Kong's Hang Seng Index was trading 0.05% up.

Meanwhile, the outlook for U.S. equity markets was upbeat. Dow Jones Industrial Average futures indicated a gain of 0.40%, S&P 500 futures pointed to an increase of 0.43% and Nasdaq 100 futures indicated a rise of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Growth & Income Stock: The TJX Companies, Inc.

Posted: 08 Sep 2011 11:05 PM PDT

The TJX Companies, Inc. (NYSE:TJX) continues to deliver excellent sales and profit growth as the struggling U.S. consumer hunts for bargains at this off-price retailer.
The stock itself looks like a bargain at just 12.5x forward earnings, a discount to the industry average and its 10-year historical median.
Analysts have been steadily raising its estimates for TJX over the last several months, sending the stock to a Zacks #2 Rank (Buy). Based on current consensus estimates, analysts expect 14% EPS … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bull Of The Day: Polo Ralph Lauren (RL)

Posted: 08 Sep 2011 11:05 PM PDT

Polo Ralph Lauren’s (NYSE:RL) first-quarter 2012 earnings of $1.90 per share beat the Zacks Consensus Estimate of $1.45 and surged 57% from the prior-year period, on the heels of strong top-line performance resulting from the company’s growth initiatives and improved margins. Moreover, robust quarterly performance prompted management to raise its revenue growth guidance for fiscal 2012.
Further, management’s initiatives to capitalize on opportunities in Asia and reduced long-term debt augur well … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bear Of The Day: Gerdau S.A.

Posted: 08 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.
To add to the peril, Gerdau’s positive momentum gets restricted by the headwinds arising from foreign currency fluctuation, cyclicality of the industry and stiff competition. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aggressive Growth Stock: Genesco, Inc.

Posted: 08 Sep 2011 11:05 PM PDT

Genesco Inc. (NYSE:GCO) has reported yet another earnings surprise since its original feature earlier this summer. The company raised its outlook and thanks to a weak market the valuations are attractive.
Company Description
Genesco sells footwear, sports apparel, headwear and accessories at more than 22,000 locations. Brands include Journeys, Lids and several others.
Another Surprise
Since GCO was featured as a Zacks Rank Buy, back in June, the company posted another earnings surprise. Quarterly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Momentum Stock: Under Armour, Inc.

Posted: 08 Sep 2011 11:05 PM PDT

Under Armour, Inc. (NYSE:UA) has seen big gains over the last two weeks after rebounding sharply from a key, long-term trend line. That movement has been driven by strong fundamentals, with an average earnings surprise of 22% over the last four quarters and bullish growth projection supporting momentum for this Zacks #1 Rank stock.
Although Under Armour pulled back with the market in early and Mid August, shares have jumped more than 38% in the last three weeks after rebounding from a key … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 08 Sep 2011 10:55 PM PDT

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

EUR/USD was trading at 1.3891, up 0.07% at time of writing.

The pair was likely to find support at 1.3873, Thursday's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8702 and EUR/JPY rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In Asian Trade

Posted: 08 Sep 2011 10:25 PM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5969, up 0.07% at time of writing.

The pair was likely to find support at 1.5914, Thursday's low, and resistance at 1.6202, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8703 and GBP/JPY rising 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Two Cheers And One Jeer For The American Jobs Act

Posted: 08 Sep 2011 08:31 PM PDT

Two cheers for the President and his America's Jobs Act. Cheer Number One: In presenting it to a joint session of Congress, he sounded as passionate and determined as he's ever sounded.
Second cheer: He laid out the problem correctly and effectively. He explained why jobs and growth must be the nation's first priority now — not the federal deficit. The economy is in crisis. People are hurting. So government must act, and act quickly. It's irresponsible at a time like this to suggest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Weakens In Mid-day Asian Trade

Posted: 08 Sep 2011 08:13 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against its major counterparts in Asian trade Friday, on worse than expected labor data and a mild downturn for Wall Street shares.
In mid-day Asian trade, the greenback was lower against the euro, with EUR/USD rising 0.40% to hit 1.3937.
Earlier Thursday, the U.S. Department of Labor reported that the number of Americans filing for unemployment benefits rose unexpectedly for the week ending September 2.
Jobless claims rose by 2,000 to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 07:37 PM PDT

Forexpros –
Forexpros – The U.S. dollar moved lower against the Japanese yen in Asian trade Friday, as data revealing a contraction in Japan's gross domestic product was offset by a lack of commitment from the U.S. Federal Reserve to institute further economic stimulus.
In mid-day Asian trade USD/JPY hit 77.43 the pair's lowest since Tuesday; the pair subsequently consolidated at 77.38, falling 0.02%.
The pair was likely to find support at 76.71, Tuesday's low, and resistance at 77.70, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Asian Stocks Mixed In Early Trade; Nikkei Eases 0.28%

Posted: 08 Sep 2011 06:55 PM PDT

Forexpros –
Forexpros – Asian stocks were mixed in Friday trade, as the Japanese economy contracted more than expected and regional markets reacted to comments from central bank officials in the U.S. and Europe.
During early Asian trade, Hong Kong’s Hang Seng Index fell 0.67% to 19,912.80, Australia 's S&P/ASX 200 Index climbed 0.75% to 4,219.69, while Japan's Nikkei 225 Index slipped 0.28% to trade at 8,768.75.
Along with the Nikkei, the broader-based Topix Index of all issues listed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Retreats In Early Asian Trade

Posted: 08 Sep 2011 06:11 PM PDT

Forexpros –
Forexpros – Crude oil futures declined in Asian trade Friday, but held at near five-week highs as a government report showed that U.S. crude stockpiles fell more than expected.
On the New York Mercantile Exchange light, sweet crude futures for October delivery traded at USD88.51 a barrel during early Asian trade, rising 0.37%.
Oil earlier rose as much as 0.89% to trade at USD90.28 a barrel, just below the previous day's five-week high of USD90.39 a barrel.
Earlier Thursday, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Rise In Early Asian Trade

Posted: 08 Sep 2011 05:31 PM PDT

Forexpros –
Forexpros – Gold futures moved higher in Asian trade Friday, as downbeat comments from European and U.S. central bank leaders boosted the appetite for safe-haven investments.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,866.45 a troy ounce during early Asian trade, up 0.03%, after hitting a daily low of USDS1,861.75.
Speaking at a post-policy meeting press conference in Frankfurt, European Central Bank President … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Japan’s GDP Falls

Posted: 08 Sep 2011 05:05 PM PDT

Forexpros – Japanese gross domestic product fell in the last quarter, official data showed on Thursday.

In a report, Cabinet Office said that Japan's GDP fell to a seasonally adjusted -0.5%, from -0.3% in the preceding quarter.

Analysts had expected Japan's GDP to fall -0.5% in the last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up On Economic Data

Posted: 08 Sep 2011 05:05 PM PDT

Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of Japanese data on GDP.

USD/JPY was trading at 77.56, up 0.07% at time of writing.

The pair was likely to find support at 76.69, Monday's low, and resistance at 77.73, Tuesday's high.

Earlier in the day, official data showed that Japanese gross domestic product fell to a seasonally adjusted -0.5% in the last quarter from -0.3% in the preceding quarter.

Analysts had expected Japan's GDP to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Edges Higher In Early Asian Trade

Posted: 08 Sep 2011 04:44 PM PDT

Forexpros –
Forexpros – The euro moved marginally higher against the U.S. dollar in Asian trade Friday, following remarks by European and U.S. central bank heads warning of further fragility in the global economy.
EUR/USD hit 1.3916 in early Asian trade, the pair's highest since Wednesday; the pair subsequently consolidated at 1.3908 rising 0.22%.
The pair was likely to find support at 1.3838, the low of July 12, and resistance at 1.4248, Wednesday's high.
Earlier Thursday, European … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The Asian Session

Posted: 08 Sep 2011 04:10 PM PDT

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

EUR/USD was trading at 1.3909, up 0.20% at time of writing.

The pair was likely to find support at 1.3873, today's low, and resistance at 1.4248, Tuesday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8704 and EUR/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Google Acquires Zagat, In Effort To Expand Local Services

Posted: 08 Sep 2011 03:57 PM PDT

09/08/11 Google paid an undisclosed sum for Zagat, the restaurant recommendation and ratings … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Another Disaster In The Making

Posted: 08 Sep 2011 03:52 PM PDT

In “Consumer Credit in U.S. Rose $12 Billion in July, Fed Says,” the San Francisco Chronicle details the latest report on what Americans are doing with other people’s money:
Consumer borrowing in the U.S. rose by the most in more than three years in July, led by a gain in non-revolving credit that includes student loans.

Credit increased $12 billion after a revised $11.3 billion rise in June, the Federal Reserve said today in Washington. Economists projected a $6 billion gain, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up In Asian Trade

Posted: 08 Sep 2011 03:36 PM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday.

NZD/USD was trading at 0.8334, up 0.29% at time of writing.

The pair was likely to find support at 0.8206, Tuesday's low, and resistance at 0.8468, Monday's high.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.15% to hit 1.2710 and EUR/NZD falling 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cameron Revives Petrobras Deal

Posted: 08 Sep 2011 03:35 PM PDT

Oil drilling equipment maker Cameron International Corporation (NYSE:CAM) has announced that it has renewed and extended its CAMSERV aftermarket services contract with Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR). The original deal was signed in 2007.
Per the agreement, Cameron will render the aftermarket services and support, including inspection, maintenance, repair and remanufacturing, storage and offshore installation for the development of Petrobras' fields offshore Brazil.
Cameron, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Northrop Offers Advanced Sensors

Posted: 08 Sep 2011 03:35 PM PDT

Northrop Grumman Corporation (NYSE:NOC) has received a contract under which the company will upgrade the Department of Navy's Large Aircraft Infrared Countermeasures ("DoN LAIRCM") system by delivering Advanced Threat Warning ("ATW") sensors to the Navy.
Per the contract, Northrop would deliver 24 ATW sensors and 5 processors for integration onboard the CH-53 aircraft as part of the currently fielded DoN LAIRCM system.
The ATW sensor is form-fit and A-kit compatible with the currently … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A Guide To Code Words In Presidential Speeches

Posted: 08 Sep 2011 03:26 PM PDT

From John Merline at IBD.

Sample:

1. When he says: We need to put politics aside and pass the three pending trade bills. 

What he means is: I’ve been holding these bills up for more than two years, but I want to make it look like it’s the Republicans’ fault, and I know I can count on my lap dog media friends not to call me on this blatant falsehood. 

2. When he says: We need to invest in clean energy jobs of the future. 

What he means is: Pay no attention to all those failed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

G7 Meeting, US Wholesale Inventories, McDonald’s August Sales, China: CPI, PPI, Consumer Confidence, Industrial Production, Retail Sales

Posted: 08 Sep 2011 10:20 AM PDT

09/08/11 The G7 meeting of finance ministers kicks off in Marseille, France. A slew of data will be released in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: What’s Left For The Fed?

Posted: 08 Sep 2011 03:17 PM PDT

Cusick’s Corner
With still no idea of what, if any, bullets the Fed might pull, the market ends on the worst levels of the session. There was a mention of some kind of tool set that the Fed has but there were no details and that is probably why the market did not ramp up on the downside. I did lighten up into the After Hours on my exposure to the Banks, got out of some of my Sept credit spreads in this sector in front of the Jobs speech and continuing concerns over the EU banks. This is a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Soft Sales, OfficeMax Cuts Outlook

Posted: 08 Sep 2011 03:05 PM PDT

Challenging macroeconomic conditions are making life tough for office supplies retailers such as OfficeMax Inc. (NYSE:OMX), Office Depot Inc. (NYSE:ODP) and Staples Inc. (NASDAQ:SPLS) who are grappling with soft demand for big-ticket items such as business machines and other durable products.
Recently, OfficeMax lowered its third-quarter 2011 sales outlook in the backdrop of sluggish back-to-school sales and soft technology demand. Consequently, the company is repositioning itself to keep afloat in a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Halliburton To Take Over Multi-Chem

Posted: 08 Sep 2011 03:05 PM PDT

Leading product and service provider for the energy industry, Halliburton (NYSE:HAL) announced plans to acquire San Angelo, Texas-based privately held oil field service company Multi-Chem Group LLC. The financial terms of the deal were not disclosed.
The acquisition, expected to be completed in the fourth quarter, is pending regulatory and customary approvals.
Management of Multi-Chem, which has a record of providing chemicals and services to more than 30,000 oil and natural gas wells across North … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Molina Maintained At Neutral

Posted: 08 Sep 2011 03:05 PM PDT

We reiterated our Neutral recommendation on Molina Healthcare Inc. (NYSE:MOH) based on the company's fundamental growth potential that is likely to have an adverse effect from the ongoing market volatility and other business risks.
Molina reported operating earnings of $0.38 per share in the second quarter of 2011, which were ahead of the Zacks Consensus Estimate of $0.36 per share. Results were also substantially higher than $0.27 per share reported in the year-ago quarter.
Net income soared … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vale Faces Trouble Overseas

Posted: 08 Sep 2011 02:30 PM PDT

Indonesia, a major importer of iron ore for Vale S.A (VALE), has announced its intention to impose a tax or quota on mineral ore exports, ahead of a planned regulation to ban all exports of raw minerals by 2014.
As per the industry ministry of Indonesia, the tax imposition will work as a transition before the export ban, which seems to be a major move to ensure protection for the country's nickel firms, INCO and Antam, and copper miners Freeport McMoRan Copper & Gold and Newmont … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Walgreen’s August Sales Rise

Posted: 08 Sep 2011 02:30 PM PDT

Walgreen (NYSE:WAG) has reported a strong 7.8% year-over-year rise in August sales to $6.10 billion. Total front-end sales increased 6.8% with a 4.8% rise in comparable store front-end sales.  The company noted that hurricane Irene had no significant impact on sales.
Prescriptions filled at comparable stores increased 5.2% in August. Calendar day shifts in August 2011 resulted in one additional Wednesday and one less Sunday compared to the year-ago period. This benefited prescriptions filled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepsi Ups Stake In Chinese Bottler

Posted: 08 Sep 2011 02:30 PM PDT

Pepsico Inc. (NYSE:PEP) has announced that it will invest 144 million yuan ($22.52 million) for increasing its ownership in its Chinese Bottling Operation– Shenzhen Pepsi, from existing 75% to 90%. Present 25% stakeholder Shen Shenbao Industrial Company has decided to shed 15% of its holding in Shezhen Pepsi, the Pepsi's subsidiary in China.
Shenzhen PepsiCo earned a net profit of 23.85 million yuan ($88.96 million). However, after 2009, the performance of the company has been less than … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boeing Dreams Big For China

Posted: 08 Sep 2011 02:30 PM PDT

The Boeing Company (NYSE:BA) bullish on China's sustained economic growth, increasing personal wealth and ongoing market liberalization values the market for new commercial airplanes at $600 billion over the next 20 years. During this period Boeing estimates that China will require 5,000 new commercial airplanes.
The company is already the leading provider of passenger airplanes in China. Per Boeing's estimates, Chinese air travel demand is growing at an annual rate of 7.6%.
Boeing expects to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EW CEO To Speak At Global Conference

Posted: 08 Sep 2011 02:05 PM PDT

Edwards Lifesciences (NYSE:EW) is scheduled to speak at the Morgan Stanley Global Healthcare Conference in New York on September 13, 2011. The company's CEO, Michael A. Mussallem, will talk about the company at the conference.
Investor focus is currently on Edwards as its Sapien transcatheter heart valve (THV) is under review by the US Food and Drug Administration. The company expects to receive approval for Cohort B (inoperable patients) by October 2011. Earlier, in July 2011, Edwards had … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Irene Could Spoil Darden’s Party

Posted: 08 Sep 2011 02:05 PM PDT

Orlando, Florida-based Darden Restaurants Inc (NYSE:DRI) recently announced that Hurricane Irene will likely impact its first quarter 2012 earnings by 2 cents and same-store results at Red Lobster, Olive Garden and LongHorn Steakhouse restaurants by 20 to 30 basis points.
The Zacks Consensus Estimate for the first quarter of 2012 is pegged at 87 cents per share. The company will report its first quarter 2012 earnings on September 28.
Darden expects earnings per share from continuing operations of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Regency Closes $600M Facility

Posted: 08 Sep 2011 02:05 PM PDT

Regency Centers Corporation (NYSE:REG) recently announced that it has closed on the refinancing of its $600 million credit facility. The facility bears an interest at an annual rate of LIBOR plus 125 basis points and will expire in September 2015.  Additionally, the company has an option to upsize the facility up to an additional $1 billion.
Regency maintains a conservative capital structure and follows a self-funding capital strategy to fund its growth, which includes disposal of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fred’s August Sales Climb

Posted: 08 Sep 2011 02:05 PM PDT

Same-store sales at Fred's Inc. (NASDAQ:FRED) climbed up 1.6% in the five-week period ended August 27, 2011, compared with an increase of 3.6% posted in the year-ago period.
August's comparable store sales were in the higher range of management’s expectation of 1% to 2% on the back of increased customer traffic due to the commencement of 'back to school season' coupled with improved performance in the pharmacy department with ongoing script growth. Total retail sales in August 2011 inched up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dow Drops 119 Points As Investors Question Bernanke Address And Upcoming Obama Speech

Posted: 08 Sep 2011 02:00 PM PDT

09/08/11 NYFP’s Closing Bell Market Monitor: The Dow Jones dropped 119 points as Fed Chairman Bernanke failed to provide a detailed support plan while uncertainty lingers concerning President Obama’s job speech to Congress … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 01:55 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3882, down 1.54% at time of writing.

The pair was likely to find support at 1.3873, today's low, and resistance at 1.4248, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PFE Tender Offer For Icagen Succeeds

Posted: 08 Sep 2011 01:40 PM PDT

Pfizer Inc. (NYSE:PFE) recently announced the successful completion of the initial cash tender offer for all outstanding shares of Icagen, Inc. (NASDAQ:ICGN). The tender offer period expired on September 2, 2011.
As of September 2, 2011, about 4,617,045 shares of Icagen's common stock were validly tendered. Besides this, Pfizer owns 1,067,015 shares of Icagen's common stock. Taken together, this represents 54% of the fully-diluted shares of Icagen. This indicates the fulfillment of the condition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CMS Offers Energy: Cheap & Green

Posted: 08 Sep 2011 01:40 PM PDT

Consumers Energy, the major subsidiary of CMS Energy Corporation (NYSE:CMS) is implementing its updated renewable energy plan with effect from September 2011. Consumers Energy is Michigan’s largest supplier of renewable energy. 
Consumers Energy has already received approval for its updated plan from the Michigan Public Service Commission. The plan has a lower renewable energy surcharge for electric customers. The new plan would almost result in a 70% reduction in renewable energy charge or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ProAssurance Finally Pays Dividend

Posted: 08 Sep 2011 01:40 PM PDT

Yesterday, ProAssurance Corporation (NYSE:PRA) announced the commencement of its cash dividend policy. For the first time since inception, the company will pay a quarterly dividend of 25 cents per share. Alongside, the company also declared that the first quarterly dividend will be paid on October 13, 2011 to shareholders on record as of September 29, 2011.
However, the dividend policy, which involves a payment of $1 per share annually, is not obligatory. The board of ProAssurance will study the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 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 77.53, up 0.37% at time of writing.

The pair was likely to find support at 76.69, Monday's low, and resistance at 77.73, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Equinix In German Data Center Pact

Posted: 08 Sep 2011 01:35 PM PDT

Leading data center solutions provider Equinix Inc. (NASDAQ:EQIX) recently announced that its German data center has been selected by Frankfurt-based hosting and co-location services provider RTS Realtime Systems Group. Financial terms of the deal were not disclosed.
Founded in 1992, RTS creates, designs and hosts multi-asset electronic trading software. Its customer groups include exchanges, investment banks, clearing firms, brokers, introducing brokers, proprietary trading firms, hedge funds, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Navistar Profits Fall, Misses Ests

Posted: 08 Sep 2011 01:35 PM PDT

Navistar International Corp. (NYSE:NAV) recorded a 43% fall in profit to $61 million or 79 cents per share in the third quarter of its fiscal year ended July 31, 2011 from $107 million or $1.44 per share in the comparable quarter a year ago.
The profit excluded income tax valuation allowance release and costs associated with the restructuring of North American manufacturing operations and engineering integration. It was significantly lower than the Zacks Consensus Estimate of $1.35 per share.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Goldman Sachs Sells Notes

Posted: 08 Sep 2011 01:35 PM PDT

On Tuesday, The Goldman Sachs Group Inc. (NYSE:GS) announced the sale of its 15-year bonds with a coupon rate of 5.9% and maturity value of $20 million. These notes have their maturity date on September 13, 2026 and Goldman will start the settlement from September 13, 2011.
Last month, Goldman announced the sale of its 15-year senior unsecured notes with a maturity value of $10 million on September 1, 2026. The coupon rate for these notes was 6.05%.
Moreover, Goldman also announced the redemption … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gap Expands In Russia

Posted: 08 Sep 2011 01:35 PM PDT

San Francisco, California based premier international specialty retailer, Gap Inc. (NYSE:GPS), in its streak to further expand its global footprint, has recently opened its first ever Banana Republic store in Russia through its franchisee channel. Moreover, the company is going to open its first ever Gap store in Serbia on coming Friday, which will represent its 200th franchise store.
Gap in Russia
The Banana Republic store, located in AfiMall City, is the largest shopping and entertainment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Irene’s Impact On CSX Earnings

Posted: 08 Sep 2011 01:35 PM PDT

One of the leading railroads in the U.S., CSX Corporation (NYSE:CSX) has announced an estimated loss of $10 million to $15 million in its fiscal 2011 earnings due to the recent Hurricane Irene.
The impact of the hurricane has not only jeopardized the airline industry but has also taken a massive toll on railroads and other freight business that were delivering promising results backed by improved pricing and market share gains.
Despite the prevailing economic uncertainties, railroads like CSX … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Abercrombie Evenly Poised

Posted: 08 Sep 2011 01:35 PM PDT

We maintain our long-term Neutral recommendation on Abercrombie & Fitch Co. (NYSE:ANF). Abercrombie is one of the leading specialty retailers of premium casual apparels in the U.S. The company has a strong portfolio of well-established brands, each of which is focused on the unique characteristics and rapidly changing preferences of its target customers.
Moreover, in an effort to improve cash flow and enhance management focus toward core brands, the company has terminated its entire chain of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 01:25 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3883, down 1.52% at time of writing.

The pair was likely to find support at 1.3876, today's low, and resistance at 1.4248, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.04%

Posted: 08 Sep 2011 01:15 PM PDT

Forexpros – U.S. stocks were down after the closing bell on Thursday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.04%, the S&P 500 index shed 1.06%, while the Nasdaq 100 index declined 0.43%.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from 409K.

Analysts had expected Initial Jobless Claims to fall to 405K last … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Jacobs Wins Suncor Energy Contract

Posted: 08 Sep 2011 01:01 PM PDT

Jacobs Engineering Group Inc. (NYSE:JEC) has recently won a contract from Suncor Energy to provide support for sustaining works program as part of its Firebag Stage Three oil sands project near Fort McMurray, Canada.
The detailed design phase of Firebag Stage Three in Canada has already been completed by Jacobs and the company is now prepared to provide support for the sustaining Firebag oil sands project in the next step. The contract value has not yet been disclosed.
The Firebag Stage Three … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Quicksilver Seals 2 New Credit Facilities

Posted: 08 Sep 2011 01:01 PM PDT

Quicksilver Resources Inc. (NYSE:KWK) said it has closed two new senior secured revolving credit facilities, one each, for its U.S. and Canadian operations. The credit facilities are secured on a stand-alone basis by respective oil and gas reserves and related assets.
Quicksilver said that the borrowing base for the new $1.25 billion U.S. credit facility is $850 million. The C$500 million ($504.5 million) Canadian facility has a current borrowing base of C$225 million ($227 million). Both the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Campbell Soup

Posted: 08 Sep 2011 01:01 PM PDT

Recently, worldwide manufacturer and marketer of high-quality, branded convenience food products, Campbell Soup Company (NYSE:CPB) announced its financial results for the fourth-quarter of 2011. Street analysts had nearly a week to ponder 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 Review
Campbell reported robust fiscal 2011 fourth-quarter adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 12:55 PM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

GBP/USD was trading at 1.5967, down 0.15% at time of writing.

The pair was likely to find support at 1.5914, today's low, and resistance at 1.6202, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dover Sells A Pair Of Companies

Posted: 08 Sep 2011 12:35 PM PDT

Dover Corporation (NYSE:DOV) stated it has entered into an agreement to sell a couple of its operating companies belonging to the Industrial Products segment to International Equipment Solutions, LLC, an affiliate of KPS Capital Partners, LP.
The operating companies which are earmarked for sale are Rochester, Minnesota based cab equipment enclosures maker, Crenlo, LLC and Cedar Rapids, Iowa based Paladin Brands, North America’s largest independent manufacturer of attachment tools. The transaction … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 12:30 PM PDT

Forexpros – The U.S. Dollar was higher against the Swiss Franc on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CHF was trading at 0.8742, up 1.97% at time of writing.

The pair was likely to find support at 0.7822, Monday's low, and resistance at 0.8769, today's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Smithfield Exceeds By A Penny

Posted: 08 Sep 2011 12:15 PM PDT

Smithfield Foods Inc. (NYSE:SFD) posted adjusted earnings of 69 cents per share for the first quarter of fiscal 2012, which surpassed the Zacks Consensus Estimate of 68 cents by 1.47%.
The record increase in proforma earnings for the fifth consecutive quarter was driven by strong packaged meats earnings in spite of higher raw material costs.
GAAP earnings were reported at $82.1 million or 49 cents per share, up by 6.5% from the net income of $76.3 million or 46 cents per share in the year-ago … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade

Posted: 08 Sep 2011 12:10 PM PDT

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

USD/CAD was trading at 0.9894, up 0.64% at time of writing.

The pair was likely to find support at 0.9830, today's low, and resistance at 0.9965, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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

Posted: 08 Sep 2011 11:45 AM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.3902, down 1.39% at time of writing.

The pair was likely to find support at 1.3876, today's low, and resistance at 1.4248, Tuesday's high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims rose unexpectedly to a seasonally adjusted 414K last week from 412K in the preceding week whose figure was revised up from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Link To Livestream Of Lecture At Drake University, September 8, 7pm CDT

Posted: 08 Sep 2011 11:27 AM PDT

Risk Aversion Strengthens On Weak Jobless Claims Report

Posted: 08 Sep 2011 11:00 AM PDT

09/08/11 An unexpected rise in initial jobless claims figures led the way for a continued decline in higher-yielding currencies as investors continue to seek out safer-haven … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Options Player May Profit If FedEx Delivers By October Expiration

Posted: 08 Sep 2011 11:00 AM PDT

Options player may profit if FedEx delivers by October expiration
Today's tickers: FDX, RRD, GCI & TLAB
(NYSE:FDX) – FedEx Corp. – Sizable prints in call and put options on the provider of a range of shipping, transportation and business support services suggests one investor expects shares in FedEx Corp. to rebound substantially by October expiration. The stock today trades 0.50% lower on the session at $75.75 as of 12:00 pm on the East Coast. July and August were tough months to be long … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Slightly Higher On Inventory Drop

Posted: 08 Sep 2011 05:00 AM PDT

09/08/11 A decline in inventory figures according to the EIA has led the way for a slight rise in front month crude prices this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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