DailyMarkets.com - URS Corp. Wins Contract

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• URS Corp. Wins Contract
• GD To Acquire Metro Machine
• Patterson-UTI Is Now Outperform
• Becton’s New Safety Catheter
• NASDAQ To Buyback Notes, Refinance
• Petrobras Lula Comes Online
• Salesforce Acquires Assistly
• Grainger Buys Fercomat Assets
• Unlucky 13 Added To BofA Hit List
• Rating Action On XL Group
• CSN Upgraded To Neutral Rating
• Noble Remains Evenly Poised
• Moody’s Downgrades 3 Mega Banks
• Forex Trading: EURUSD Shoots Higher On Talk Of Faster Recapitalization Plans For EU Banks
• Forex – AUD/USD Down In U.S. Trade
• Accenture, Thomas Cook Extend Ties
• Apple Acquires Patents In China
• Vivus Moves Ahead With Qnexa
• Chevron To Invest In Indonesia
• UAL Sees Revs Soaring In Q3
• “Organized Restructuring Necessary…market Telling You”
• Forex – NZD/USD Down During The U.S. Session
• Hot Option Plays: Market Ugly
• FedEx: Mixed Results, Lower Outlook
• Discover Beats Estimates
• General Mills Exceeds Estimates
• Ferrellgas Rises To ‘Neutral’
• Bed Bath & Beyond Beats On Both
• Garmin Buys South African Distributor
• Rite Aid Narrows Loss In 2Q
• Dollar Rises, Risk Aversion Strong On “Operation Twist”, European Debt Crisis Concerns, & Global Equity Sell-off
• Red Hat Posts Strong 2Q
• H-P Giving Leo The Pink Slip?
• A.M. Best Affirms Humana Rating
• Initial Claims Fall, Extended Claims Plunge
• Home Properties Buys MD Asset
• FMC Wins BG Norge Subsea Contract
• Xerox Acquires XL World
• European Markets Close Lower; Dax Down 4.96%
• Forex Trading: EURUSD Breaks Above The 1.3478 Resistance Area
• QE2.5 Lifts Treasuries
• Accuray Retained At Neutral
• Williams Aims High Output Capacity
• Alexion Pharma Upped To Outperform
• Bristol-Myers Inks Deal With Ono
• Forex Trading: USDJPY 76.34 Eyed For Potential Upside Corrective Clues.
• G-III Lags, Trims EPS Outlook
• Marcus Reports Strong 1Q
• Quick Cross-Market Check On The Fed Day Selloff
• Forex Trading: EURUSD Between Intraday Support And Resistance
• Forex Trading: GBP/USD Continues Dramatic Plummet
• Deckers Poised Between Risk-Reward
• Pepsi Helps Chinese Farming
• US Stocks Slide After ‘Twist’ And Global PMI
• Forex – Dollar Broadly Higher Amid Widespread Risk Aversion
• Natural Gas Futures Pare Losses After U.S. EIA Data
• Forex – Pound Hovering Close To One-year Low Against Dollar
• Forex Trading: GBPUSD Takes A Breather At Support Trendline. Consolidates.
• Gold Futures Add To Heavy Losses, Tumble To 4-week Low
• Interesting Fact Of The Day: N.D. Income +13.3%
• Markets In Everything: The Airport Sleepbox
• “Operation Twist” Sends Global Equities Into A Tailspin
• Forbidden Technologies Eyes Wider Market Potential For Cloud Video Platform
• NZD/USD Down During The U.S. Session
• European Markets Close Lower; Dax Down 4.96%
• Gold Futures Add To Heavy Losses, Tumble To 4-week Low
• Natural Gas Futures Pare Losses After U.S. EIA Data
• Forex – Dollar Broadly Higher Amid Widespread Risk Aversion
• Forex – Pound Hovering Close To One-year Low Against Dollar
• Crude Oil Futures Extend Sharp Losses To 5-week Low
• EUR/USD Trims Losses, Off 8-month Low

URS Corp. Wins Contract Posted: 22 Sep 2011 12:01 PM PDT URS Corporation (NYSE:URS) received an order from the Department of Defense to provide the US Army aviation maintenance services. The task order is for a period of two years and has been granted under URS' Contract Field Teams' (CFT) Indefinite Delivery/Indefinite Quantity contract. The maximum value of the contract for URS is $129 million. As per the deal, aviation maintenance, program management and logistics support will be provided by URS for rotary wing aircraft and related equipment at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD To Acquire Metro Machine Posted: 22 Sep 2011 12:01 PM PDT General Dynamics Corporation (NYSE:GD) has entered into an agreement to acquire Metro Machine Corp., a leading East Coast surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Virginia. The acquisition is expected to be accretive to General Dynamics’ earnings in 2012.  The transaction is expected to close in November 2011. The acquisition price has not been stated. Metro Machine Corp. is a privately held company which employs approximately 400 workers.  It has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Patterson-UTI Is Now Outperform Posted: 22 Sep 2011 12:01 PM PDT We have upgraded onshore contract driller Patterson-UTI Energy Inc. (NASDAQ:PTEN) to Outp erform from Neutral, reflecting strong demand for its services in North America. Patterson-UTI has approximately 350 land-based rigs that operate primarily in the oil and natural gas producing regions of North America. The company operates primarily in Texas, New Mexico, Oklahoma, Arkansas, Louisiana, Mississippi, Colorado, Utah, Wyoming, Montana, North Dakota, Pennsylvania, West Virginia and western … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Becton’s New Safety Catheter Posted: 22 Sep 2011 12:01 PM PDT Leading global medical technology company Becton, Dickinson and Company (NYSE:BDX) recently revealed that its BD Medical segment is now supplying next generation safety short peripheral IV catheter ("SPIVC") know how. This technology is intended to protect healthcare workers from injuries via needlestick and exposure to blood. In other words, it is geared to safeguard technicians from the risk of infection from pathogens in the blood. In addition to protection from needlestick injuries, one … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NASDAQ To Buyback Notes, Refinance Posted: 22 Sep 2011 12:01 PM PDT On Tuesday, NASDAQ OMX Group Inc. (NASDAQ:NDAQ) announced a cash tender offer for its outstanding 2.5% Convertible Senior Notes due 2013. The company will purchase the notes at a premium of $25 for every note of face value $1000. It will also pay the accrued and unpaid interest up to the date of purchase. The total principal value of the outstanding notes is $428 million. NASDAQ will fund the purchase with a combination of cash earned from operations and borrowings made under a new credit facility, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Lula Comes Online Posted: 22 Sep 2011 11:35 AM PDT Brazilian state-controlled Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the start-up of its offshore Lula-Mexilhao Gas Pipeline in the Santos Basin. The pipeline –– connecting the Lula field and the Mexilhao platform –– is 134.2 miles long and 18 inches in diameter. It has an operating pressure of 250 bar (pressure unit). Starting at a depth of approximately 7,037 feet below sea level at the Cidade de Angra dos Reis platform, the pipeline has a flow capacity of up to 10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Salesforce Acquires Assistly Posted: 22 Sep 2011 11:35 AM PDT Cloud computing and customer relationship software developer Salesforce.com (NYSE:CRM) recently announced that it has acquired an instant customer-service help desk, Assistly, to enhance its cloud offerings. The deal is valued at approximately $50.0 million. Assistly helps small and medium enterprises and emerging businesses to develop and provide instant customer service solutions, with zero-touch operation.This new cloud-based solution will enable enterprises to manage service cases and engage … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grainger Buys Fercomat Assets Posted: 22 Sep 2011 11:35 AM PDT Acklands-Grainger Inc., a wholly owned subsidiary of  W.W. Grainger, Inc. (NYSE:GWW) in Canada, recently announced that it has acquired certain assets of Fercomat Inc. for an undisclosed amount. Founded in 1957, Fercomat is a distributor of hardware, tools and fasteners in Quebec, Canada.  Grainger is currently on an expansion spree to strengthen its business across each of its operating regions including North America, Canada, Asia and Latin America. Acklands-Grainger expects an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unlucky 13 Added To BofA Hit List Posted: 22 Sep 2011 11:35 AM PDT Bank of America Corp. (NYSE:BAC) has sacked 13 investment bankers in its industrials group, which provides advisory and financing services through two units, Bloomberg reported on Tuesday following communication with two people familiar with the action. The retrenched bankers include managing directors David Iwan and Egan Antill. This explains BofA's attempt to improve profitability by trimming staff costs amid revenue headwinds resulting from a lackluster economy and stricter capital … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rating Action On XL Group Posted: 22 Sep 2011 11:35 AM PDT A.M. Best Co. has reiterated the issuer credit rating (ICR) of "bbb" of XL Group plc (NYSE:XL) and its wholly owned subsidiary, XL Group Ltd. The credit rating agency also reaffirmed  debt ratings for XL Group Ltd. Concurrently, A.M. Best Co. reaffirmed the financial strength rating (FSR) of A (Excellent) and ICR of "a" of the property/casualty subsidiaries of XL Group. The outlook for all ratings remains stable. The rating affirmations came on the back of the company's superior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSN Upgraded To Neutral Rating Posted: 22 Sep 2011 11:35 AM PDT We recently upgraded Brazil-based Companhia Siderurgica Nacional (NYSE:SID), or CSN to a Neutral recommendation from an Underperform rating assigned earlier. Companhia Siderurgica primarily engages in the production of hot- and cold-rolled flat steel, galvanized sheets, and tin plates for the packaging, automotive, and construction industries. We find the growth prospects of the company bright over the long term, considering the various projects that are being carried out by it and the escalating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble Remains Evenly Poised Posted: 22 Sep 2011 11:35 AM PDT We reiterate our long-term Neutral rating on Noble Corporation (NYSE:NE), a leading offshore drilling contractor and provider of diversified services for the oil and gas industry. It also provides labor contract drilling, engineering and consulting, and project management services through a fleet of 76 mobile offshore drilling units. Noble failed to impress with its results in the second quarter of 2011. It failed to match up to our expectation in terms of earnings and recorded a steep decline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moody’s Downgrades 3 Mega Banks Posted: 22 Sep 2011 11:35 AM PDT On Wednesday, Moody's Investors Service, a credit rating arm of Moody's Corp. (NYSE:MCO) downgraded its credit ratings on Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C) and Wells Fargo & Company (NYSE:WFC). The rating cut followed the agency's belief that the federal government will not save them whenever they are in dire straits. The credit agency downgraded the long-term senior debt ratings of BofA to Baa1 from A2 and short-term debt to Prime-2 from Prime-1. The agency affirmed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Shoots Higher On Talk Of Faster Recapitalization Plans For EU Banks Posted: 22 Sep 2011 11:24 AM PDT FT reports EU is looking to speed up the capitalization of mostly mid term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In U.S. Trade Posted: 22 Sep 2011 11:15 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. AUD/USD was trading at 0.9735, down 3.07% at time of writing. The pair was likely to find support at 0.9722, today's low, and resistance at 1.0317, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture, Thomas Cook Extend Ties Posted: 22 Sep 2011 11:00 AM PDT Accenture plc (NYSE:ACN) recently announced that it will provide information technology (IT) consulting and outsourcing services to the renowned travel operator Thomas Cook Group plc for 10 years. Per the deal terms, Accenture will offer its technology and services to maintain and support Thomas Cook's entire technology infrastructure throughout Europe. The financial terms of the deal were not disclosed. Accenture will bring Thomas Cook's discrete European IT operations under a single … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Acquires Patents In China Posted: 22 Sep 2011 11:00 AM PDT The China’s Patent Office issued 40 patents to Apple Inc. (NASDAQ:AAPL) that would enable it to better protect its intellectual property (IP) in the country. The patents cover 37 products, inclusive of the iPhone, iPod and MacBook Air. In China, Apple has been plagued by the sale of counterfeit iPhones and unauthorized stores that sell these products. Its has been estimated that more than 220 million fake or copycat units of iPhones alone were sold in China in 2010, and this figure is expected to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vivus Moves Ahead With Qnexa Posted: 22 Sep 2011 11:00 AM PDT Vivus Inc. (NASDAQ:VVUS) recently announced that it has reached an agreement with the Endocrine and Metabolic Division of the US Food and Drug Administration (FDA) which allows for an early resubmission of the new drug application (NDA) for its obesity candidate, Qnexa. On the basis of this agreement, Vivus intends to resubmit the NDA by the end of October 2011, prior to the completion of the FORTRESS study. In the resubmitted NDA, Vivus will seek approval of Qnexa for an initial indication … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron To Invest In Indonesia Posted: 22 Sep 2011 11:00 AM PDT U.S. energy behemoth, Chevron Corp. (NYSE:CVX) plans to spend approximately $3 billion annually in Indonesia's oil and gas sector over the next three years. The investments were planned for both the existing and potential developments in that country. Chevron, occupying the prime place among Indonesia's crude oil producers, with average daily production of 477,000 barrels in 2010, will focus on funding technological development of the related projects. Furthermore, the company aims to conclude … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UAL Sees Revs Soaring In Q3 Posted: 22 Sep 2011 11:00 AM PDT The largest U.S. airline United Continental Holdings Inc. (UAL) expects unit revenue (passenger revenue per seat mile) to grow 9.5–10.5% in the third quarter despite domestic capacity cuts. Consolidated capacity is expected to dip 0.8% in the quarter. The 1.9% reduction in domestic flights will be partially offset by the 0.6% uptick in international ones. Consolidated capacity fell 1.6% year over year in August compared with the 0.2% rise in July. The decline was due to the cancellation of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Organized Restructuring Necessary…market Telling You” Posted: 22 Sep 2011 11:00 AM PDT 09/22/11 ICAP’s Kenneth Polcari weighs in on the global equity market selloff and the Fed’s introduction of Operation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Down During The U.S. Session Posted: 22 Sep 2011 10:45 AM PDT Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.7796, down 2.73% at time of writing. The pair was likely to find support at 0.7762, today's low, and resistance at 0.8288, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Ugly Posted: 22 Sep 2011 10:36 AM PDT Cusick’s Corner Today we are experiencing a broad based sell-off globally and there is no safety net. This is real liquidation of risk that includes Gold, Silver, Copper and Equities. What is surprising about this move is the velocity of this action but the trend is now ugly and down. The Dollar, DXZ 11 78.995 +1.12, is a flight to safety trade at this juncture as the Fed and the rest of the world sees risks to the economy. At the midday the market is near lows of 1123 in the S&Ps — need … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FedEx: Mixed Results, Lower Outlook Posted: 22 Sep 2011 10:35 AM PDT Before the opening bell, FedEx Corporation (NYSE:FDX), the world’s second-largest package delivery company, reported first quarter fiscal 2012 adjusted earnings of $1.46 per share. The quarter's earnings fell short of the Zacks Consensus Estimate by a penny but increased 22% from $1.20 earned in the year-ago quarter. Total revenue climbed 11% year over year to $10.52 billion and surpassed the Zacks Consensus Estimate of $10.33 billion. The outperformance was attributable to improved FedEx Ground … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover Beats Estimates Posted: 22 Sep 2011 10:35 AM PDT Discover Financial Services (NYSE:DFS) reported third-quarter earnings per share of $1.18, dramatically ahead of both the Zacks Consensus Estimate of 91 cents and 47 cents recorded in the year-ago quarter. Net income spiked substantially by over 148.7% year over year to $649 million from $261 million. Net income allocated to common shareholders also surged to $642 million from $258 million in the year-ago quarter. The surge in profits was driven by strong sales volume complemented by lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Mills Exceeds Estimates Posted: 22 Sep 2011 10:35 AM PDT General Mills Inc (NYSE:GIS) has reported adjusted earnings, excluding the effects of mark-to-market valuation of certain commodity positions, of 64 cents in the first quarter of fiscal 2012, flat compared to the prior-year quarter. The quarterly earnings however, surpassed the Zacks Consensus Estimate by 2 cents. Management affirms its fiscal 2012 earnings to be in the range of $2.59 – $2.61 a share, excluding mark-to-market effects and integration costs for the Yoplait acquisition. Revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ferrellgas Rises To ‘Neutral’ Posted: 22 Sep 2011 10:35 AM PDT We recently upgraded our recommendation on Ferrellgas Partners L.P. (NYSE:FGP) to 'Neutral' seeing potential in the partnership's strategy of growing-through-acquisitions and by expanding its presence. We believe the partnership’s strategy of pushing for acquisitions supplements its organic growth efforts. Since the beginning of fiscal year 2011, the partnership has already made five acquisitions. Following the recent quarter, in July, Ferrellgas progressed towards its strategy of acquiring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bed Bath & Beyond Beats On Both Posted: 22 Sep 2011 10:35 AM PDT Bed Bath & Beyond Inc. (NASDAQ:BBBY) reported better-than-expected second-quarter 2011 results on the heels of strong growth in sales and higher margins. Earnings rose approximately 33% to 93 cents per share from the year-ago quarter earnings of 70 cents a share, handily surpassing its earnings guidance range of 77 cents to 82 cents per share. Bed Bath & Beyond also outpaced the Zacks Consensus Estimate of 84 cents a share. Quarterly Details Bed Bath & Beyond’s top line jumped almost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Garmin Buys South African Distributor Posted: 22 Sep 2011 10:35 AM PDT Garmin Ltd. (NASDAQ:GRMN) announced the acquisition of Garmin Distribution Africa (Pty) Ltd. (GDA), the distributor of its automotive, outdoor recreation, fitness and marine products in Southern Africa, and Garmap (Pty) Ltd., a South African mapping and mobile applications provider. Financial terms of the deal were not disclosed. GDA, which has a workforce of 70, will be renamed Garmin Southern Africa (Pty) Ltd. and will continue operations from its current headquarters and warehouse facility … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rite Aid Narrows Loss In 2Q Posted: 22 Sep 2011 10:35 AM PDT Drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of $94.7 million in the second quarter of fiscal 2012 compared with a much wider loss of $199.3 million in the year-ago period. The quarterly loss per share of 11 cents not only improved from the prior-year loss of 23 cents but also outpaced the Zacks Consensus Estimate loss of 18 cents. Growth in same-store sales and reduced selling, general & administrative (SG&A) expenses had a positive influence on recent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rises, Risk Aversion Strong On “Operation Twist”, European Debt Crisis Concerns, & Global Equity Sell-off Posted: 22 Sep 2011 05:30 AM PDT 09/22/11 Investors were seeking out safer-haven assets this afternoon, helping to lift the lower-yielding dollar on the combination of a global equity sell-off, eurozone debt crisis concerns, and “Operation Twist” being announced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Red Hat Posts Strong 2Q Posted: 22 Sep 2011 10:05 AM PDT A leading provider of open source solutions, Red Hat Inc. (NYSE:RHT) reported strong second quarter 2012 results, which beat the Zacks Consensus Estimate by three cents. Earnings per share (EPS) of 22 cents (including stock-based compensation expenses but excluding amortization) increased 69.2% from 13 cents per share reported in the year-earlier quarter. Strong bottom-line growth was primarily driven by higher revenues and operating margin, which fully offset a slight decline in gross margin and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Giving Leo The Pink Slip? Posted: 22 Sep 2011 10:05 AM PDT Hewlett-Packard Company (NYSE:HPQ) has hit headlines again only a month after its chief Leo Apotheker announced major restructuring plans. Though the news is yet to be confirmed by the company, its shares shot up 6.7% to $23.98 and inched up 0.04% in after-market trade on market buzz. The upside in share price was based on reports of Apothekar's forced resignation, flashed on Bloomberg. Leo Apothekar, the former SAP AG (NYSE:SAP) chief, was appointed as CEO and president of H-P in September 2010. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A.M. Best Affirms Humana Rating Posted: 22 Sep 2011 10:05 AM PDT The rating agency A.M.Best Co. has affirmed the financial strength ratings (FSR) and the issuer credit ratings (ICR) of the health insurer Humana Inc. (NYSE:HUM) and conferred a debt rating of "bbb" to the company. All the ratings carry a stable outlook, indicating the company's stable financial and market trends, and a likelihood that the company’s rating would change over an intermediate period. However, A.M. Best's rating action reflects a combination of positive and negative factors. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Initial Claims Fall, Extended Claims Plunge Posted: 22 Sep 2011 10:05 AM PDT Initial Claims for Unemployment Insurance fell by 9,000 last week to 423,000. This was worse than the expected level of 418,000. Last week's numbers were revised upwards by 4,000, so one could see it as a decrease of 5,000. Recently, jobless claims seem stuck once again in a trading range above the 400,000 level, after a brief period lower than that earlier this year. Don't read too much into the decline, as last week's numbers might have been a bit inflated by the effects of Hurricane … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Home Properties Buys MD Asset Posted: 22 Sep 2011 10:05 AM PDT Home Properties Inc. (NYSE:HME), a multifamily real estate investment trust (REIT), has recently acquired 'The Apartments at Cambridge Court' – a 544-unit apartment community in White Marsh, Maryland, for $90.4 million. The transaction, which equated to approximately $166,000 per apartment unit, was funded through available cash. The acquired property consists of 18 three-story garden-style buildings (432 units) and 2 four-story mid-rise buildings (112 units). The apartment community has 218 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FMC Wins BG Norge Subsea Contract Posted: 22 Sep 2011 10:05 AM PDT Oil drilling equipment maker  FMC Technologies Inc. (NYSE:FTI) has won a contract worth $135 million from BG Norge, a subsidiary of BG Group. The deal entails manufacture and supply of subsea production equipment by FMC to the Knarr oil and gas field. Situated at a water depth of approximately 1,320 feet, the aforesaid field –– formerly known as Jordbaer –– is in the Norwegian block 34/3 of the North Sea. Per the contract, FMC Technologies will supply three subsea production trees and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Xerox Acquires XL World Posted: 22 Sep 2011 10:05 AM PDT Xerox Corp. (NYSE:XRX) recently announced that one of its fully owned subsidiaries, ACS, has acquired an Italian-based, multi-lingual customer care firm XL World. The acquisition is expected to enhance the company's European language services to support call center and business process operations. The acquired company will collaborate with Italy-based Innova Consulting and Netherlands-based Unamic/HCN to serve Xerox's clients worldwide. The new acquisition is a part of the company's strategy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 4.96% Posted: 22 Sep 2011 10:05 AM PDT Forexpros – European stocks were down after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 4.96%, London's FTSE 100 shed 4.64%, France's CAC 40 declined 5.10% and the EURO STOXX 50 was down 4.74%. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up from 428K. Analysts had expected Initial Jobless Claims to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Breaks Above The 1.3478 Resistance Area Posted: 22 Sep 2011 09:58 AM PDT The EURUSD has moved higher – breaking above the 1.3478-87 resistance area. The pair is testing the 200 bar MA a the 1.3503 currently and have found seller against the level. The 1.3478 area will now be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

QE2.5 Lifts Treasuries Posted: 22 Sep 2011 09:36 AM PDT Thursday, September 22, 2011 The Fed’s decision to purchase longer-dated T-Notes and Bonds may have a positive impact on Note prices for an extended period of time, as the purchases are slated to last into June. Weak economic conditions may also prompt some traders to head toward higher ground and seek the safety of treasuries. Technically, the Dec 10-Year is still trading in the sideways consolidation pattern between 129-16 and 131-10. Given the fact that the scope of a potential upside … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accuray Retained At Neutral Posted: 22 Sep 2011 09:35 AM PDT We maintain our Neutral recommendation on Accuray Incorporated (NASDAQ:ARAY) following its fourth-quarter fiscal 2011 results, which beat the Zacks Consensus Estimates. The company, however, turned into a loss in the quarter as higher revenues were more than masked by hefty charges associated with its acquisition of rival TomoTherapy. Sales spiked 22% year over year in the fourth quarter owing to record revenues of its CyberKnife robotic radiosurgery systems. The California-based company initiated … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Williams Aims High Output Capacity Posted: 22 Sep 2011 09:35 AM PDT Williams Companies (NYSE:WMB) announced plans to expand the production capacity at its Geismar olefins plant. With this move, the facility's ethylene production capacity will go up by 600 million pounds annually to 1.95 billion pounds. With an 83.3% interest in the Geismar plant, Williams acts as the operator for the facility and expects to incur about $350 million to $400 million for the expansion program in 2012–13. The unit is slated to be operational in the third quarter of 2013. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alexion Pharma Upped To Outperform Posted: 22 Sep 2011 09:05 AM PDT We are upgrading Alexion Pharmaceuticals (NASDAQ:ALXN) to Outperform from Neutral following positive data presented for Soliris for an additional indication – generalized myasthenia gravis. Data from the randomized, double-blind, placebo-controlled, cross-over study were presented at the annual scientific session of the Myasthenia Gravis Foundation of America, Inc. in September 2011. The patients evaluated in the phase II study were suffering from moderate to severe muscle weakness despite being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bristol-Myers Inks Deal With Ono Posted: 22 Sep 2011 09:05 AM PDT Recently, Bristol-Myers Squibb Company (NYSE:BMY) inked a deal with Japanese drug maker Ono Pharmaceutical Co. Ltd. The deal is aimed at expanding Bristol-Myers' territorial rights for developing and commercializing the anti-PD-1 antibody (BMS-936558/ONO-4538). The cancer candidate BMS-936558/ONO-4538 was generated following the deal inked in May 2005 between Ono and Medarex, Inc. (purchased by Bristol-Myers in 2009). Following the Medarex acquisition, Bristol-Myers got the rights to develop and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY 76.34 Eyed For Potential Upside Corrective Clues. Posted: 22 Sep 2011 08:38 AM PDT The USDJPY fell below the 76.25 support, with the next target at the 76.00 area. The price instead found support against lows.  The trend is still lower as there are lower lows and lower highs. However, a break above the 76.34 level and then the last high at the 76.38 level should encourage some shorts to cover and/or dip … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

G-III Lags, Trims EPS Outlook Posted: 22 Sep 2011 08:35 AM PDT New York-based G-III Apparel Group, Ltd (NASDAQ:GIII) posted earnings per share of 8 cents in the second quarter of fiscal 2012, missing the Zacks Consensus Estimate of 20 cents and the year-ago quarter earnings of 15 cents per share. The lower-than-expected result was mainly due to margin contraction. G-III Apparel's net sales surged 21.7% year over year in the quarter to $230 million. Sales growth was aided by improved performance of wholesale licensed apparel (up 22%), wholesale non-licensed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Marcus Reports Strong 1Q Posted: 22 Sep 2011 08:35 AM PDT Milwaukee-based The Marcus Corporation (NYSE:MCS) reported first quarter 2012 earnings of 42 cents per share, beating the Zacks Consensus Estimate of 40 cents and the year-earlier quarter earnings of 34 cents per share. The entertainment and lodging company's revenues were up 8.7% year over year to $123.9 million. The increase in revenue was due to record performance by the company's movie theater division, Marcus Theater, as well as the lodging division, Marcus Hotels and Resorts.  The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quick Cross-Market Check On The Fed Day Selloff Posted: 22 Sep 2011 08:28 AM PDT What does the current Cross-Market landscape look like after Wednesday's Federal Reserve meeting/announcement? Let's take a look to see the current structure along with the big market winners and losers. Here's the intraday Cross-Market Landscape: In a classic "Risk-Off" cross-market readjustment, stocks, gold, crude oil and commodities declined greatly while defensive markets Treasuries and the US Dollar Index ("risk-off" vehicles) surged. All markets broke respective trendlines … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Between Intraday Support And Resistance Posted: 22 Sep 2011 08:21 AM PDT Trendlines converged on the 5 minute chart from above and below. The price has bounced. Above the 1.3478 area remains a level of resistance for the pair.  Until it can break through and momentum develop, the shorts from above feel fine… 100 bar MA is at 1.3471. The 50%  is still at 1.3478. The highs going back to London have a high at 1.3487. NY highs at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBP/USD Continues Dramatic Plummet Posted: 22 Sep 2011 08:17 AM PDT GBP/USD (daily chart) as of Thursday (9/22/2011) has continued its dramatic plummet since Wednesday, extending the sharp bearish trend that has been in place since the mid-August 1.6616 high. The current drop has brought price down to hit and dip under key support in the important 1.5350 price region. The steepness of this bearishness should soon prompt some corrective price action in the form of a pullback, but the overall directional bias continues to be to the downside in line with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deckers Poised Between Risk-Reward Posted: 22 Sep 2011 08:05 AM PDT Strong demand for the UGG brand product line, product introductions and in-demand inventory has helped Deckers Outdoor Corporation (NASDAQ:DECK) to carve a niche in the footwear and accessories market for outdoor sports. We believe that growth of UGG and Teva brands will lead to increase in sales. Deckers anticipates its UGG brand sales to increase approximately 25% and Teva brand sales to increase in the low-20′s in 2011, while other brand sales are expected to remain flat with the prior year. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi Helps Chinese Farming Posted: 22 Sep 2011 08:05 AM PDT Pepsico Inc. (NYSE:PEP), the world leading retailer of soft drinks and snacks has inked a deal with China’s Ministry of Agriculture to improve farming practices in the nation. The company's initiative is a step toward boosting its Snacks and Foods Segment by procuring raw materials easily and at affordable rates.  The retail giant will work with the Chinese government to build 'demonstration farms' and promote the best farming practices among China’s farmers. The farms will use advanced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Slide After ‘Twist’ And Global PMI Posted: 22 Sep 2011 08:00 AM PDT 09/22/11 Wall Street tumbled, tracking losses in overseas equity markets. Global growth concerns and recession fears dragged on stocks and commodity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Amid Widespread Risk Aversion Posted: 22 Sep 2011 07:59 AM PDT Forexpros – The U.S. dollar rallied against almost all of its major counterparts on Thursday, as concerns over the outlook for global growth intensified, leading investors to shun riskier assets. During U.S. morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.81% to hit 1.3461. Risk appetite crumbled after the Federal Reserve warned of "significant downside risks" facing the U.S. economy after its policy meeting on Wednesday and announced fresh measures to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Pare Losses After U.S. EIA Data Posted: 22 Sep 2011 07:55 AM PDT Forexpros – Natural gas futures pared losses on Thursday, but remained close to an 11-month low after the U.S. Energy Information Administration said that natural gas inventories rose slightly less-than-expected last week. On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.725 per million British thermal units during U.S. morning trade, shedding 0.12%. It earlier fell as much as 1.5% to trade at USD3.664, the lowest price since October 28, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Pound Hovering Close To One-year Low Against Dollar Posted: 22 Sep 2011 07:41 AM PDT Forexpros – The pound remained weaker against the U.S. dollar on Thursday, trading close to a one-year low after the Federal Reserve offered a gloomy assessment of the U.S. economy, while fears over fresh easing measures by the Bank of England also weighed. GBP/USD hit 1.5329 during U.S. morning trade, the pair's lowest since September 7 2010; the pair subsequently consolidated at 1.5362, down 0.87%. Cable was likely to find support at 1.5251, the low of July 22, 2010 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Takes A Breather At Support Trendline. Consolidates. Posted: 22 Sep 2011 07:40 AM PDT The GBPUSD has been in a steep fall today/yesterday and the last leg down came  to support at the 1.5319 level. This is where a bottom trendline connecting lows from yesterday is found.  The price has bounced off that level which gives the pair some consolidation opportunity. Topside resistance off a parallel top trendline comes in at 1.5435. Other resistance comes in against 1.5456 currently. This level is a bottom trendline that extends back to September 6th (see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Add To Heavy Losses, Tumble To 4-week Low Posted: 22 Sep 2011 07:33 AM PDT Forexpros – Gold futures extended heavy losses on Thursday, tumbling to a four-week low as a broadly stronger U.S. dollar weighed, while steep declines in global equity markets prompted investors to sell the precious metal to cover losses elsewhere. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,726.15 a troy ounce during U.S. morning trade, plunging 4.41%. It earlier fell as much as 4.6% to trade at USD1,721.05 a troy ounce, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interesting Fact Of The Day: N.D. Income +13.3% Posted: 22 Sep 2011 07:27 AM PDT The BEA reported today on State Personal Income for the second quarter of 2011.  Based on data in the report, the annual growth in personal income from 2010:Q2 to 2011:Q2 for the booming oil-rich state of North Dakota was a phenomenal 13.31%, almost twice the growth rate for No. 2 Texas at 7.27% and No. 3 Iowa at 7.17%, and more than two times the national average of 5.47%. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: The Airport Sleepbox Posted: 22 Sep 2011 07:09 AM PDT Moscow-based Arch Group’s first Sleepbox unit has been installed at the Sherematyevo Airport in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Operation Twist” Sends Global Equities Into A Tailspin Posted: 22 Sep 2011 06:15 AM PDT 09/22/11 NYFP’s Morning Market Report: Global equities were all posting steep declines to start the trading day after yesterdays Fed announcement revealing “Operation Twist”. Meanwhile, French banks continue to slide & jobless claims … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forbidden Technologies Eyes Wider Market Potential For Cloud Video Platform Posted: 22 Sep 2011 02:46 AM PDT Stephen Streater, the chief executive of Forbidden Technologies (LON:FBT), believes that the growing popularity of the company's cloud-based video editing platform in the broadcast post-production market is a sign that the industry is beginning to embrace a new generation of technology. In the first six months of this year, sales of Forbidden's professional level FORscene system to the UK broadcast post-production market jumped by 94%. Ambitions to sign more partnership deals with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NZD/USD Down During The U.S. Session Posted: 22 Sep 2011 12:03 AM PDT By ForexMansion.com Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims. NZD/USD was trading at 0.7796, down 2.73% at time of writing. The pair was likely to find support at 0.7762, today's low, and resistance at 0.8288, Monday's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Lower; Dax Down 4.96% Posted: 21 Sep 2011 11:33 PM PDT By ForexMansion.com Forexpros – European stocks were down after the closing bell on Thursday. At the close of European trade, Germany's DAX fell 4.96%, London's FTSE 100 shed 4.64%, France's CAC 40 declined 5.10% and the EURO STOXX 50 was down 4.74%. Earlier in the day, official data showed that U.S. Initial Jobless Claims fell less-than-expected to a seasonally adjusted 423K last week from 432K in the preceding week whose figure was revised up from 428K. Analysts had expected Initial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Add To Heavy Losses, Tumble To 4-week Low Posted: 21 Sep 2011 09:03 PM PDT By ForexMansion.com Forexpros – Gold futures extended heavy losses on Thursday, tumbling to a four-week low as a broadly stronger U.S. dollar weighed, while steep declines in global equity markets prompted investors to sell the precious metal to cover losses elsewhere. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,726.15 a troy ounce during U.S. morning trade, plunging 4.41%. It earlier fell as much as 4.6% to trade at USD1,721.05 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures Pare Losses After U.S. EIA Data Posted: 21 Sep 2011 09:03 PM PDT By ForexMansion.com Forexpros – Natural gas futures pared losses on Thursday, but remained close to an 11-month low after the U.S. Energy Information Administration said that natural gas inventories rose slightly less-than-expected last week. On the New York Mercantile Exchange, natural gas futures for October delivery traded at USD3.725 per million British thermal units during U.S. morning trade, shedding 0.12%. It earlier fell as much as 1.5% to trade at USD3.664, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Amid Widespread Risk Aversion Posted: 21 Sep 2011 09:03 PM PDT By ForexMansion.com Forexpros – The U.S. dollar rallied against almost all of its major counterparts on Thursday, as concerns over the outlook for global growth intensified, leading investors to shun riskier assets. During U.S. morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.81% to hit 1.3461. Earlier in the day, data showed that German manufacturing output fell to a 24-month low in September, while manufacturing activity in the euro zone slumped to the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Pound Hovering Close To One-year Low Against Dollar Posted: 21 Sep 2011 09:03 PM PDT By ForexMansion.com Forexpros – The pound remained weaker against the U.S. dollar on Thursday, trading close to a one-year low after the Federal Reserve offered a gloomy assessment of the U.S. economy, while fears over fresh easing measures by the Bank of England also weighed. GBP/USD hit 1.5329 during U.S. morning trade, the pair's lowest since September 7 2010; the pair subsequently consolidated at 1.5362, down 0.87%. Cable was likely to find support at 1.5251, the low of July 22, 2010 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Extend Sharp Losses To 5-week Low Posted: 21 Sep 2011 08:32 PM PDT By ForexMansion.com Forexpros – Crude oil futures extended sharp losses on Thursday, plunging to a five-week low as mounting fears over the global economic outlook sparked a broad-based selloff in risky assets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD81.09 a barrel during U.S. morning trade, plunging 5.62%. It earlier fell as much as 6.4% to trade at USD80.30 a barrel, the lowest price since August 19. Concerns over the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR/USD Trims Losses, Off 8-month Low Posted: 21 Sep 2011 08:32 PM PDT By ForexMansion.com Forexpros – The euro trimmed losses against the U.S. dollar on Thursday, pulling away from an eight-month low after falling sharply earlier amid concerns over the outlook for global economic growth. EUR/USD pulled back from 1.3386, the pair's lowest since January 19, to hit 1.3455 during U.S. morning trade, still down 0.86%. The pair was likely to find support at 1.3386, the days low and resistance at 1.3600, the days high. Risk appetite crumbled after the Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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