DailyMarkets.com - Synutra Sees Management Churn
DailyMarkets.com - Synutra Sees Management Churn |
- Synutra Sees Management Churn
- FTC Seeks More Info From Medco-ESRX
- SNPS Acquires NSys Design
- Strike Hampers Toyota’s Production
- Forex Trading: EURUSD Looks To Test The 1.4096 Level.
- Crude Oil Futures Trim Losses After ISM Report
- US ISM Services Index Shows Activity Picking Up In August
- U.S. ISM Non-manufacturing PMI Rises Unexpectedly
- Kohl’s August Comp Sales Slip
- Honda Recalls A Million
- Tuesday Morning Links
- GBP/JPY Respects Support At 123.40 And Resistance At 124.50
- Forex – USD/CAD Pulls Back From Four-week High Ahead Of ISM
- Swiss Move Masks Bigger Picture Dollar Bid
- Cartoon Of The Day: Western Fetish
- IBM Agrees To Buy Algorithmics
- U.S. Dollar Strongest Performer After SNB Imposes Exchange Rate Floor
- Forex Trading: EURUSD Moves Toward The 200 Day MA At 1.4013
- The Economy In Focus
- Stock Market News Briefs: Bank Of America, Peabody Energy, Esterline Technologies, Expedia, Finisar, Goldman Sachs Group, H&R Block, J P Morgan Chase & Co, KMG Chemicals, Liz Claiborne
- Nokia Remains Neutral
- Vale Carriers Up For Sale
- ABC Takes Over Premier Source
- Let Business Pioneers Do What They Do Best: Create New Wealth, Not Redistribute Wealth
- U.S. Futures Point To Sharply Lower Open; Dow Drops 2.2%
- EUR/USD Respects Resistance At 1.4260 And Slides Sharply
- Foster Wheeler Wins Contract
- Liberty Global Bags Aster
- Forex – Dollar Mixed As Swiss Franc Tumbles On SNB Intervention
- Swiss Franc Plunges As SNB Announces Peg To Euro At 1.20
- Swissy Falls 1,000 Pips Vs Euro As SNB Pulls Out “Ceiling” Bazooka
- Swissy Climbs 1,000 Pips Vs Euro As SNB Pulls Out “Ceiling” Bazooka
- Forex – GBP/USD Erases Gains After Rising On SNB Action
- Crude Oil May Rebound With S&P 500, Gold Stalls Near $1900 Again
- Forex – EUR/USD Gives Up Gains, Pulls Back From 2-day High
- Forex – Euro Jumps To 8-week High Vs. Franc After SNB Action
- Soybean Futures Fall To 1-week Low On Demand Concerns
| Posted: 06 Sep 2011 08:05 AM PDT Rockville, Maryland-based Synutra International, Inc (SYUT) recently announced that its Chief Financial Officer (CFO) Donghao Yang has resigned to pursue other opportunities.
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| FTC Seeks More Info From Medco-ESRX Posted: 06 Sep 2011 07:40 AM PDT Recently, Federal Trade Commission (FTC) requested both Medco Health Solutions (NYSE:MHS) and Express Script (NASDAQ:ESRX) to submit additional information regarding the pending acquisition deal. Under the current circumstances, the completion of the proposed acquisition can get postponed by approximately 30 days. Despite the uncertainty regarding the delay, Medco anticipates to close the deal by the first half of 2012. However, the deal is also subject to approval of the stockholders of both Express … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Sep 2011 07:35 AM PDT Leading software, IP design, verification and manufacturer of electronic components, Synopsys, Inc. (NASDAQ:SNPS) recently completed the acquisition of a leading independent provider of verification IP (VIP), nSys Design Systems Private Limited (nSys). With this acquisition, Synopsys intends to increase investment in VIP technology to address the growing verification challenges that designers face while developing complex systems on chips (SoCs) to serve the demand for ‘smart’ electronics.
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| Strike Hampers Toyota’s Production Posted: 06 Sep 2011 07:35 AM PDT Approximately 3,200 workers at the Toyota Motor Co. (NYSE:TM) plant in Melbourne, Australia went on a day’s strike on Friday regarding pay. Moreover, workers at the Toyota warehouse in Sydney also followed suit in support of their counterparts in the Melbourne plant. The workers intend to further strike work on Thursdays and Fridays over the next three weeks.
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| Forex Trading: EURUSD Looks To Test The 1.4096 Level. Posted: 06 Sep 2011 07:16 AM PDT The US ISM non Manfacturing came is stronger at 53.3 vs 51.0 expectations. It has helped move the EURUSD on some risk taking. The rally, however has resistance at the close from yesterday at the 1.4096 level which is the close from yesterday and the 200 bar MA on the 5 minute … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil Futures Trim Losses After ISM Report Posted: 06 Sep 2011 07:16 AM PDT Forexpros – Crude oil futures pared sharp losses on Tuesday, bouncing off a seven-day low after a report showed that service sector activity in the U.S. rose unexpectedly in August. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at USD84.89 a barrel during U.S. morning trade, dropping 1.8%. It earlier fell as much as 3.5% to trade at USD83.22 a barrel, the lowest price since August 26. The U.S. Institute of Supply Management said earlier that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| US ISM Services Index Shows Activity Picking Up In August Posted: 06 Sep 2011 07:11 AM PDT The ISM services index showed some good news for the US, as it came in at 53.3 for the month of August, better then the 52.7 we saw in July and a full two points better than the forecast of a 51.3 reading. var div = jQuery(“”).css({ The business activity sub-gauge was at 55.6 a bit weaker than July 56.1, the employment index slid to 51.6 from July's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. ISM Non-manufacturing PMI Rises Unexpectedly Posted: 06 Sep 2011 07:07 AM PDT Forexpros – Service sector activity in the U.S. rose unexpectedly in August, industry data showed on Tuesday. In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index rose by 0.6 points to 53.3 in August from 52.7 in July. Analysts had expected the index to decline to 51.0 in August. On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector is contracting. The New … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Sep 2011 07:05 AM PDT Same-store sales at Kohl's Corporation (NYSE:KSS) went down 1.9% in the four-week period ended August 27, 2011 compared with an increase of 4.5% in the year-ago period. On a year-to-date basis, same-store sales increased 1.1% in August 2011.
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| Posted: 06 Sep 2011 07:05 AM PDT Honda Motor Co. (NYSE:HMC) plans to recall 962,000 cars globally in order to fix a problem with their power windows and computer systems. The recall involves 936,000 units of Fit and CR-V (including 80,111 units in the U.S.) and 26,000 units of CR-Z compact hybrids (including 5,626 units in the U.S.). No injuries have been reported related to either of the problems.
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| Posted: 06 Sep 2011 06:59 AM PDT 1. “Manity sizing” comes to the U.K. Stores are labeling trousers up to two inches narrower at the waist than they actually are. 2. The Post Office is dying. Reason? We don’t need it anymore. 3. Flashback to July 22, 2007 – “Fannie Mae and Freddie Mac are riding to the rescue of the subprime lending market. Consumer advocacy groups and politicians have been calling on the agencies to get more involved in guaranteeing subprime loans and creating consumer-friendly mortgages that can … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| GBP/JPY Respects Support At 123.40 And Resistance At 124.50 Posted: 06 Sep 2011 06:44 AM PDT GBP/JPY The 123.35-123.40 support from August held. A sharp rebound pushed the market to 125.00, but the 4H chart above shows failure to close above the 124.50 pivot.
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| Forex – USD/CAD Pulls Back From Four-week High Ahead Of ISM Posted: 06 Sep 2011 06:44 AM PDT Forexpros – The U.S. dollar pulled back from a four-week high against its Canadian counterpart on Tuesday, paring earlier gains made on the back of mounting concerns over the global economic outlook. USD/CAD pulled back from 0.9964, the highest since August 11, to trade at 0.9930 during U.S. morning trade, still up 0.24% on the day. The pair is likely to find short-term support at 0.9852, Monday's low and resistance at 1.000, the high of August 9. Market sentiment continued to be weighed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Move Masks Bigger Picture Dollar Bid Posted: 06 Sep 2011 06:41 AM PDT Some weeks ago discussion surfaced over a possible peg for the Swiss franc against the euro after safe haven flows created a sustained advance in the value of the few currencies outside of the euro-area. Having dotted the “i's” and crossed the “t's” the plan apparently caught the Swiss bulls on the hop on Tuesday forcing the franc to halve its year-to-date gains of 13% versus the euro in the space of just a few moments. The move to peg the Swiss franc at a value of Sfr1.20 per euro cast an … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Cartoon Of The Day: Western Fetish Posted: 06 Sep 2011 06:37 AM PDT Featured in James Joyner’s article about “the Western fetish for turning cheap, efficient food into expensive, inefficient … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| IBM Agrees To Buy Algorithmics Posted: 06 Sep 2011 06:35 AM PDT International Business Machines Corp.(NYSE:IBM) has agreed to acquire the Toronto-based risk analytics software firm Algorithmics, for an estimated $387 million in cash. The deal is expected to be completed by October 2011. Algorithmics is a member of Fitch Group, the majority of which is owned by Paris-based holding company Fimalac SA.
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| U.S. Dollar Strongest Performer After SNB Imposes Exchange Rate Floor Posted: 06 Sep 2011 06:29 AM PDT Fundamental Headline
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| Forex Trading: EURUSD Moves Toward The 200 Day MA At 1.4013 Posted: 06 Sep 2011 06:21 AM PDT The EURUSD has been moving in a volatile fashion as it is being pushed and pulled from EURCHF buying on one hand and issues in the EU (Greece/Italy) on the other hand.
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| Posted: 06 Sep 2011 06:16 AM PDT The long weekend was unable to make us forget Friday’s ugly labor market report that highlighted the stalled state of the U.S. economy. With Europe mired in its own intractable fiscal problems and the key emerging markets battling inflationary pressures, the global economic picture remains very uncertain. It is this backdrop of all-around uncertainty that has been adding to the allure of safe-haven assets like gold, U.S. and German government bonds and the Swiss Franc. The Swiss central bank … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Sep 2011 06:11 AM PDT Expedia Inc. (NASDAQ:EXPE) announced that its chief financial officer, Michael Adler, will vacate his position after the spin-off of TripAdvisor, and will be replaced by Mark Okerstrom, currently senior vice president of corporate development Houston-based specialty-chemicals maker KMG Chemicals Inc. (NASDAQ:KMGB) said that it expects fourth-quarter profit to be roughly half of what it earned in its latest quarter Coal producer Peabody Energy … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Sep 2011 06:05 AM PDT Nokia Corp. (NYSE:NOK) is currently is in a state of mess and we are yet to find any catalyst for the ensuing third quarter of 2011. The Symbian operating system is completely outdated now, facing rejection from all the corners of global markets. At present, Nokia's future is contingent upon the success of its upcoming Windows Phone 7 software-based smartphones. Microsoft Corp. (NASDAQ:MSFT) has developed Windows Phone operating system. However, we remain skeptical about these products as the success … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Posted: 06 Sep 2011 06:05 AM PDT Brazilian Miner Vale S.A (VALE) has planned to sell or lease its planned fleet of giant bulk carriers and is in talks with the Chinese and other ship owners on the issue.
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| Posted: 06 Sep 2011 06:05 AM PDT AmerisourceBergen Corporation (NYSE:ABC) recently announced the completion of the acquisition of privately-held Premier Source. The financial terms of the transaction were not disclosed. Premier Source provides consulting and reimbursement services to medical device, pharmaceutical, molecular diagnostic, and biotechnology manufacturers, as well as other health services companies.
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| Let Business Pioneers Do What They Do Best: Create New Wealth, Not Redistribute Wealth Posted: 06 Sep 2011 05:53 AM PDT From Thomas Sowell’s latest column: “A recent New York Times article criticized of Apple CEO Steve Jobs for not contributing to charity as much as the New York Times writer thought he should. The media in general are full of praise for business people and their companies for giving away substantial amounts of their wealth. Indeed, that is one of the few things for which many in the media praise businesses and the wealthy. Judging businesses or their owners by how much … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| U.S. Futures Point To Sharply Lower Open; Dow Drops 2.2% Posted: 06 Sep 2011 05:48 AM PDT Forexpros – U.S. stock futures pointed to a sharply lower open on Tuesday, amid mounting concerns over the global economic outlook as trading on Wall Street resumed following the U.S. Labor Day holiday. Ahead of the open, the Dow Jones Industrial Average futures pointed to a loss of 2.2%, the S&P 500 futures indicated a steep drop of 2.65%, while the Nasdaq 100 futures signaled a 2% decline. With trading on Wall Street shut on Monday, investors got their first chance to react to … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| EUR/USD Respects Resistance At 1.4260 And Slides Sharply Posted: 06 Sep 2011 05:36 AM PDT Prev: EUR/USD Nearing Support Pivots; ECB Ahead Should Flatten it Out (9/5) EUR/USD found support at 1.4050, and surged in the European session towards 1.4260. The previous update noted this as an important pivot, and the market respected it as resistance.
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| Posted: 06 Sep 2011 05:25 AM PDT Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract for making the basic engineering design of a new hydrogen production unit, which will be constructed at the Atyrau Refinery (Atyrau, Kazakhstan Republic). The refinery is a part of Kazakhstan's leading national oil and gas company, JS National Company "KazMunayGas" group. The hydrogen unit will deploy Foster Wheeler Terrace-Wall™ steam reforming technology.
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| Posted: 06 Sep 2011 05:25 AM PDT Liberty Global Inc. (NASDAQ:LBTYA), a leading global cable TV and diversified broadband services provider, recently received the regulatory approval to acquire 100% stake of Aster Sp. Z.o.o from the London-based private equity firm Mid Europa Partners LLP. Aster is the fourth largest cable TV operator in Poland. Liberty Global already has a very strong foothold in the Polish broadband market. The company owns Poland's largest cable TV and broadband service provider UPC Polska.
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| Forex – Dollar Mixed As Swiss Franc Tumbles On SNB Intervention Posted: 06 Sep 2011 05:20 AM PDT Forexpros – The U.S. dollar was mixed its major rivals on Tuesday, after the Swiss National Bank intervened in currency markets to weaken the franc, sending it sharply lower against both the dollar and the euro. During European afternoon trade, the greenback was sharply higher against the Swiss franc, with USD/CHF leaping 8.41% to hit 0.8533. The SNB set a minimum exchange rate target of 1.20 per euro for the Swiss franc and said it was prepared to defend this level by purchasing foreign … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Swiss Franc Plunges As SNB Announces Peg To Euro At 1.20 Posted: 06 Sep 2011 05:09 AM PDT The Swiss Franc has been strong due to its safe haven status. However, that strength has now forced the hands of the SNB to effectively peg the exchange rate at 1.20 Swiss Franc per Euro and defend that level with determination. This shot the EUR/CHF from 1.1040 levels to 1.2190 levels before stalling around 1.2040 heading into the Tuesday US session. This is an incredible 1000+ pips in the span of 3 hours.
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| Swissy Falls 1,000 Pips Vs Euro As SNB Pulls Out “Ceiling” Bazooka Posted: 06 Sep 2011 05:07 AM PDT The Swiss National Bank unveiled their bazooka today, pledging to keep the EUR/CHF above the 1.20 level with unlimited intervention.
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| Swissy Climbs 1,000 Pips Vs Euro As SNB Pulls Out “Ceiling” Bazooka Posted: 06 Sep 2011 05:07 AM PDT The Swiss National Bank unveiled their bazooka today, pledging to keep the EUR/CHF above the 1.20 level with unlimited intervention.
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| Forex – GBP/USD Erases Gains After Rising On SNB Action Posted: 06 Sep 2011 04:45 AM PDT Forexpros – The pound erased gains against the U.S. dollar on Tuesday, pulling back from a daily high hit after the Swiss National Bank’s intervention in currency markets boosted the euro broadly, which in turn pulled the pound higher. GBP/USD retreated from 1.6202, the daily high, to hit 1.6091 during European afternoon trade, sliding 0.15%. Cable was likely to find support at 1.6004, the low of July 18 and resistance at 1.6185, Monday's high. The euro posted sharp gains against its … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Crude Oil May Rebound With S&P 500, Gold Stalls Near $1900 Again Posted: 06 Sep 2011 04:43 AM PDT Talking Points Crude Oil May Rebound as S&P 500 Corrects Higher After Selloff WTI Crude Oil (NY Close): $83.60 // -2.70 // -3.13%
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| Forex – EUR/USD Gives Up Gains, Pulls Back From 2-day High Posted: 06 Sep 2011 04:16 AM PDT Forexpros – The euro trimmed gains against the U.S. dollar on Tuesday, giving up some of the gains made after the Swiss National Bank pegged the franc to the euro earlier, sending the single currency sharply higher across the board. EUR/USD pulled back from 1.4245, the pair's highest since Friday, to hit 1.4171 during European early afternoon trade, still up 0.52% over the day. The pair was likely to find support at 1.4037, the days low and resistance at 1.4245, the days high. The euro … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Forex – Euro Jumps To 8-week High Vs. Franc After SNB Action Posted: 06 Sep 2011 03:51 AM PDT Forexpros – The euro jumped to an eight-week high against the Swiss franc on Tuesday, after the Swiss National Bank intervened in currency markets, setting an exchange rate target at 1.20 francs per euro. EUR/CHF pulled away from 1.1017, the daily low, to hit 1.2029 during European morning trade, leaping 8.40%. The pair was likely to find short-term support at 1.1908, the low of July 8 and short-term resistance at 1.2168, the high of the same day. The SNB announced earlier that it had set … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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| Soybean Futures Fall To 1-week Low On Demand Concerns Posted: 06 Sep 2011 03:41 AM PDT Forexpros – Soybean futures dropped to one-week low on Tuesday, as mounting concerns over the global economy dampened the outlook for demand as trading resumed following the U.S. Labor Day holiday. On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD14.2988 a bushel during European morning trade, tumbling 1.05%. It earlier fell as much as 1.75% to trade at USD14.2288 a bushel, the lowest price since August 29. With trading on the CME shut on Monday, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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