Friday, September 30, 2011

DailyMarkets.com - Relief For Warner Chilcott

DailyMarkets.com - Relief For Warner Chilcott

Relief For Warner Chilcott

Posted: 30 Sep 2011 10:40 AM PDT

Recently, Warner Chilcott (NASDAQ:WCRX) received some encouraging news regarding its acne drug Doryx from a US district court.
The court, while passing a verdict on Warner Chilcott's patent dispute with generic player Mylan Pharmaceuticals (NYSE:MYL) regarding Doryx, ruled in favor of a preliminary injunction thus preventing Mylan from launching a generic version of the drug (150 mg). The court came to the conclusion that Mylan infringed Warner Chilcott’s patent (161) engulfing Doryx products. Mylan … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA To Charge For Debit Card Usage

Posted: 30 Sep 2011 10:35 AM PDT

Following the footsteps of some of its peers, Bank of America Corporation (NYSE:BAC) is all set to charge its debit card users, in order to recoup some of the revenue losses that the company would suffer after the debit interchange fee (proposed by the Durbin Amendment) takes effect from October 1. BofA has announced that it would charge customers $5 a month for using the debit card from early next year in certain states.
BofA stated that debit card usage fees would be applicable to basic accounts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Joins Caspian Gas Pipeline War

Posted: 30 Sep 2011 10:35 AM PDT

BP Plc (NYSE:BP) recently presented another route for the transportation of Caspian gas to Europe, making the competitive scene even worse. The major contenders are now the Nabucco, Trans Adriatic Pipeline ("TAP") and Interconnector Greece-Italy ("IGI") Poseidon groups.
The proposal given by BP includes construction of a 1,300 kilometer transport system, named South East Europe Pipeline, linking the Shah Deniz field, a major Azerbaijan gas field, to a gas hub in Austria. The route is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold NUGT @ $30.27

Posted: 30 Sep 2011 10:20 AM PDT

I do not have but glimpse opportunities to check on real-time movement of stocks during the trading session, but it appeared to me that Direxion Gold Miner Bull 2X (NUGT) was running out of steam – so I sold my position for a modest 3.7% gain.

My TSI trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Retreats In Mid-day U.S. Trade

Posted: 30 Sep 2011 10:15 AM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in U.S. trade Friday, following data on U.S. personal income and a rise in European inflation for the month of September.

On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD80.80 a barrel in mid-day U.S. trade, falling 1.61%, after hitting a daily high of USD83.33.

On Friday, the U.S. Bureau of Economic Analysis reported that personal income in August fell by a seasonally adjusted 0.1%, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Q4…volatile, Reacting To Good And Bad News”

Posted: 30 Sep 2011 10:07 AM PDT

09/30/11 Mogavero & Lee’s Doreen Mogavero discusses fundamentals in focus ahead of the upcoming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trian’s Executive Joins FDO

Posted: 30 Sep 2011 10:00 AM PDT

Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, recently announced the appointment of the founding partner and chief investment officer of Trian Partners, Edward P. Garden, as a director.
The announcement followed the agreement wherein Trian agreed to limit its stake to 9.9% in Family Dollar. Further, Family Dollar's board will be now expanded to eleven members with the addition of the new Director.
Earlier in March, the retailer refused a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Advances In Early U.S. Trade

Posted: 30 Sep 2011 09:38 AM PDT

Forexpros –
Forexpros – Gold futures traded higher in U.S. trade Friday, as persistent concerns over the state of the global economy lured dealers back to safe-haven bullion.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,620.15 a troy ounce during early U.S. trade, adding 0.22%, after hitting a low of USDS1,608.55.

In Thursday trade, U.S. and European stock markets got a lift from a German parliamentary vote approving an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H&R Block Ceases EXPRESSTAX Service

Posted: 30 Sep 2011 09:35 AM PDT

To remain focused on core tax-preparing brand and services, H&R Block Inc. (NYSE:HRB) decided to cease services under its EXPRESSTAX brand.
As a result, the company will incur a pretax charge of 2 cents to 3 cents in fiscal second quarter of 2012.
EXPRESSTAX was purchased by H&R Block in 2006. At present, there are 269 EXPRESSTAX franchise offices preparing 100,000 tax returns. Royalty fees from the service grossed $3 million in fiscal 2011 for H&R Block. The company decided to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rotating Back Down

Posted: 30 Sep 2011 09:20 AM PDT

The EURUSD held the 1.3459 resistance target and has rotated back down to the 1.3427 level. This level and the 1.34077 price remains as support for the pair.   It is month/quarter end so there exists the possibility of position … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Set To Unveil IPhone 5

Posted: 30 Sep 2011 09:10 AM PDT

As per news agency Bloomberg, Apple Inc. (AAPL) is expected to ship the latest version of iPhone on October 4, 2011. Apple has planned an event in San Francisco where the Cupertino, California-based company will officially unveil the much-hyped device. 
Apple introduced iPhone way back in 2007 and released its fourth version at the Worldwide Developers Conference (WWDC) in June 2010. The new model will be launched 16 months after the launch of iPhone 4, compared with 12 months between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CareFusion Bags ISO 14001

Posted: 30 Sep 2011 09:10 AM PDT

CareFusion Corporation (CFN), a worldwide medical technology company, recently reported that it has secured the International Organization for Standardization ("ISO") 14001 Environmental Management Systems ("EMS") certification for its 16 locations globally.
ISO 14001 is an internationally accepted standard that specifies the requirements for an effective EMS. It is geared to address the equilibrium between reducing the environmental impact and maintaining profitability. ISO 14001 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: American Public Education (APEI)

Posted: 30 Sep 2011 09:05 AM PDT

American Public Education’s (NASDAQ:APEI) focus on serving military and public service personnel, high student referral rates and accreditation enable it to consistently deliver impressive top and bottom lines, as reaffirmed by its second-quarter 2011 results. The company’s sustained effort to expand educational programs helps it to boost enrollments.
Surprisingly, the company has predicted a 35% growth in new student enrollments for third-quarter 2011, despite the regulation proposed by the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Lifts GM Ratings

Posted: 30 Sep 2011 09:05 AM PDT

Ratings agency Standard & Poor's (S&P) raised its corporate credit rating on General Motors Co. (NYSE:GM) by two notches to BB+ from BB- as its workers recently ratified a 4-year contract with the United Auto Workers (UAW). The agency also lifted its rating outlook on the company to "Stable" from "Positive". It believes the contract will help GM maintain profitability and continue generating cash in North America.
A couple of days back, workers at GM ratified the UAW deal as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: McCormick

Posted: 30 Sep 2011 09:05 AM PDT

McCormick & Co. Inc. (NYSE:MKC) announced its financial results for the third quarter of 2011 on September 28.
Earnings Review
McCormick's third-quarter earnings came in at 69 cents per share, and surpassed the Zacks Consensus Estimate by 6.2%. However, earnings lagged the year-ago earnings by 9.2%.
The quarterly earnings benefited from favorable operating income and cost savings. Moreover, new products, increased distribution and brand marketing were able to offset business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 30 Sep 2011 09:01 AM PDT

Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in early trade Friday, as European shares traded lower on weak German retail sales and ongoing concerns over the make-up of the rescue fund for debt-threatened euro-zone members.

EUR/USD hit 1.3424 in early U.S. trade, the pair's lowest since last Friday; the pair subsequently consolidated at 1.3456 sinking 1.05%.

The pair was likely to find support at 1.3377, the low of January 19, and resistance at 1.3798, last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up Toward The End Of European Session

Posted: 30 Sep 2011 08:40 AM PDT

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

USD/JPY was trading at 77.03, up 0.26% at time of writing.

The pair was likely to find support at 76.23, Monday's low, and resistance at 77.14, today's high.

Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.

Analysts had expected the Chicago PMI to fall to 56.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinross Invests In White Bear

Posted: 30 Sep 2011 08:35 AM PDT

Canadian mining company, Kinross Gold Corporation (NYSE:KGC) announced that it has subscribed for 2.35 million units of White Bear Resources Inc. pursuant to a private placement. The company stated that it is acquiring the White Bear units for investment purposes.
Assuming the exercise of all warrants held by Kinross, it would hold 4.7 million common shares, constituting 18.1% of White Bear Resources’ outstanding common shares. The subscription price for the units is C$0.10 per unit for an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POSCO Enters Pakistani Steel Market

Posted: 30 Sep 2011 08:35 AM PDT

Korean steel producer, POSCO (NYSE:PKX) recently signed an agreement to acquire shares of a Pakistani steelmaker in an effort to establish a position for itself in the country. The company will soon be acquiring about 15.34% interest in Pakistan's sole sponge iron producer, Tuwairqi Steel Mill (TSML).
The mill is owned by Al Tuwairqi Holding and has annual production capacity of 1.28 million tons of sponge iron. Commercial production at the mill is expected to begin by January 2012. Sponge iron … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up Toward The End Of European Session

Posted: 30 Sep 2011 08:25 AM PDT

Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.

GBP/USD was trading at 1.5628, up 0.001% at time of writing.

The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high.

Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.

Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cartoon Of The Day: Bad Hotel Reviews

Posted: 30 Sep 2011 08:15 AM PDT

Global Growth Concerns Weigh On Equities

Posted: 30 Sep 2011 08:10 AM PDT

09/30/11 Weaker-than-expected manufacturing from China, high Euro-zone inflation figures and the sovereign debt crisis drag equity indexes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR/USD Resumes Bearish Trend Bias

Posted: 30 Sep 2011 08:07 AM PDT

EUR/USD (daily chart) as of Friday (9/30/2011) has begun a resumption of its bearish stance after making a bullish correction within the context of a strong and steep breakout downtrend. This new downtrend has its origins at the early September breakdown below a key wedge pattern and then below the 1.4000 price region, which represented a confluence of three important support factors: the 200-day simple moving average, a key uptrend support line extending back to the June 2010 low extreme, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Set To Unveil IPhone 5

Posted: 30 Sep 2011 08:05 AM PDT

As per news agency Bloomberg, Apple Inc. (AAPL) is expected to ship the latest version of iPhone on October 4, 2011. Apple has planned an event in San Francisco where the Cupertino, California-based company will officially unveil the much-hyped device. 
Apple introduced iPhone way back in 2007 and released its fourth version at the Worldwide Developers Conference (WWDC) in June 2010. The new model will be launched 16 months after the launch of iPhone 4, compared with 12 months between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Toward 50% Of Move Up From June 2010 Low

Posted: 30 Sep 2011 08:01 AM PDT

Forex – GBP/USD Down On U.S. Data

Posted: 30 Sep 2011 07:50 AM PDT

Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.

GBP/USD was trading at 1.5569, down 0.38% at time of writing.

The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high.

Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.

Analysts had expected the Chicago PMI to fall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cuba Legalizes Used Car Sales

Posted: 30 Sep 2011 07:47 AM PDT

HAVANA (AP) — “Cuba legalized the sale and purchase of automobiles for all citizens on Wednesday, another major step in the communist run island’s economic transformation and one that the public has been clamoring for during decades. Under the law, which takes effect Oct. 1, buyers and sellers must each pay a 4 percent tax, and buyers must make a sworn declaration that the money used for the purchase was obtained legally.

Unrestricted sales had previously been limited to cars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Trying To Push Higher. 77.00 Area Approached

Posted: 30 Sep 2011 07:40 AM PDT

The USDJPY based against the 100 and 200 hour MA today and has marched higher today. The move higher took the price out of the value area of the last 1/2 month of trading. The price is also above the 38.2% of the September range.  A move above the 76.976/77.01 area should solicit stop buying.  Amove back below the 76.77 would not be welcomed (the pattern is failures lead to sharp moves back down).
The BOJ and new administration has been chatting up efforts to weaken the JPY.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Poster Of The Day: Facebook And You

Posted: 30 Sep 2011 07:40 AM PDT

Source: “How ‘Free’ Really Works Online” at The Consumerist

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

Global Markets In The Red, European Inflation Surges 3%, & New Zealand’s Credit Rating Gets Cut

Posted: 30 Sep 2011 01:15 AM PDT

09/30/11 NYFP’s Morning Market Brief: The global markets were off to a rough start to the final trading session of the week led by weak European economic data. Meanwhile, Japan shows an improvement in data while New Zealand gets a credit rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brokers Take A Shine To Tarsus As LabelExpo Proves ‘huge Success’

Posted: 30 Sep 2011 02:07 AM PDT

Amongst the talk of economic and financial meltdown that dominates the newspaper headlines, it’s interesting to see at least one barometer of European economic activity suggesting that all is not as gloomy as the media might make out. Labelexpo Europe, the biennial trade show operated by AIM quoted events group Tarsus, is said to have been a major success this year, with few signs that macro-economic concerns have dulled enthusiasm for Europe's largest gathering for the labelling … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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Gold Advances In Early U.S. Trade

Posted: 29 Sep 2011 11:03 PM PDT

By ForexMansion.com
Forexpros –
Forexpros – Gold futures traded higher in U.S. trade Friday, as persistent concerns over the state of the global economy lured dealers back to safe-haven bullion.
On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,620.15 a troy ounce during early U.S. trade, adding 0.22%, after hitting a low of USDS1,608.55.
In Thursday trade, U.S. and European stock markets got a lift from a German parliamentary vote … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Falls In Early U.S. Trade

Posted: 29 Sep 2011 10:32 PM PDT

By ForexMansion.com
Forexpros –
Forexpros – The euro moved lower against the U.S. dollar in early trade Friday, as European shares traded lower on weak German retail sales and ongoing concerns over the make-up of the rescue fund for debt-threatened euro-zone members.
EUR/USD hit 1.3424 in early U.S. trade, the pair's lowest since last Friday; the pair subsequently consolidated at 1.3456 sinking 1.05%.
The pair was likely to find support at 1.3377, the low of January 19, and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

USD/JPY Up Toward The End Of European Session

Posted: 29 Sep 2011 10:03 PM PDT

By ForexMansion.com
Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Chicago PMI.
USD/JPY was trading at 77.03, up 0.26% at time of writing.
The pair was likely to find support at 76.23, Monday's low, and resistance at 77.14, today's high.
Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.
Analysts had expected the Chicago PMI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Up Toward The End Of European Session

Posted: 29 Sep 2011 09:32 PM PDT

By ForexMansion.com
Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.
GBP/USD was trading at 1.5628, up 0.001% at time of writing.
The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high.
Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.
Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GBP/USD Down On U.S. Data

Posted: 29 Sep 2011 09:02 PM PDT

By ForexMansion.com
Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.
GBP/USD was trading at 1.5569, down 0.38% at time of writing.
The pair was likely to find support at 1.5432, Monday's low, and resistance at 1.5716, Thursday's high.
Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.
Analysts had expected the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Down On U.S. Data

Posted: 29 Sep 2011 08:33 PM PDT

By ForexMansion.com
Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Chicago PMI.
EUR/USD was trading at 1.3440, down 1.16% at time of writing.
The pair was likely to find support at 1.3364, Monday's low, and resistance at 1.3690, Wednesday's high.
Earlier in the day, data showed that The U.S.'s Chicago PMI rose unexpectedly to a seasonally adjusted 60.4 last month from 56.5 in the preceding month.
Analysts had expected the Chicago PMI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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