Friday, October 28, 2011

DailyMarkets.com - Bank Of Namibia Keeps Interest Rate At 6.00%

DailyMarkets.com - Bank Of Namibia Keeps Interest Rate At 6.00%


Bank Of Namibia Keeps Interest Rate At 6.00%

Posted: 28 Oct 2011 03:53 PM PDT

The Bank of Namibia kept its benchmark interest rate, the repurchase rate, unchanged at 6.00%, for the 5th consecutive meeting.  Bank of Namibia Governor Ipumbu Shiimi said: ”With the opportunity provided by the benign inflation outlook, the MPC decided to keep the repo rate unchanged at 6.0 percent to support domestic growth in the face of the prevailing global uncertainty,”

The Namibian central bank also held its interest rate unchanged at its August meeting, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of Russia Maintains Refinancing Rate At 8.25%

Posted: 28 Oct 2011 03:36 PM PDT

The Central Bank of Russia held its benchmark refinancing rate steady at 8.25%, and the overnight auction-based repurchase rate at 5.25% and the fixed overnight deposit rate at 3.75%.  The Bank said: “Considering recent domestic and international macroeconomic developments and the effect of the monetary policy measures, implemented in recent months, the Bank of Russia judged that the current level of money market interest rates is appropriate to balance the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Central Bank Of The Gambia Cut Rate 100bps To 14.00%

Posted: 28 Oct 2011 03:26 PM PDT

The Central Bank of The Gambia reduced its rediscount rate by 100 basis points to 14.00% from 15.00% previously, and left the reserve requirement ratio unchanged at 12%.  The Bank said: “Owing to strong growth in the emerging economies, commodity prices remain at elevated levels.  This coupled with persistent excess demand in the major emerging market economies are contributing to broader global inflationary pressures.”  Also noting the Gambian “economy is expected to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Statoil Lags Estimate, Grows Y/Y

Posted: 28 Oct 2011 03:25 PM PDT

Statoil ASA's (NYSE:STO) third-quarter 2011 earnings of 65 cents per ADR failed to meet the Zacks Consensus Estimate of 75 cents. However, quarterly results showed a significant improvement from the year-earlier earnings of 43 cents per ADR, attributable to higher liquids prices.
Adjusted net income after tax came in at NOK 11.4 billion ($2.07 billion), up from the year-earlier level of NOK 8.5 billion ($1.56 billion).
Total revenue leaped 31% year over year to NOK 166.8 billion ($30.4 billion), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Align Beats, Margins Lag

Posted: 28 Oct 2011 03:20 PM PDT

Align Technology (NASDAQ:ALGN) reported third quarter 2011 adjusted EPS of 27 cents, beating the Zacks Consensus Estimate of 20 cents as well as the year-ago quarter adjusted EPS by 2 cents. Reported EPS was also ahead of the company's guidance range of 17-20 cents.
Total revenue increased 31.3% year over year to $125.9 million, exceeding the Zacks Consensus Estimate of $122 million and the company's guidance of $118-$123 million. Total Invisalign revenue came in at $114.3 million, up 19.1% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gilead A Cent Ahead, Files Quad NDA

Posted: 28 Oct 2011 03:20 PM PDT

Gilead Sciences Inc.'s (NASDAQ:GILD) adjusted earnings per share of 97 cents for the third quarter of 2011 beat the Zacks Consensus Estimate by a penny. Earnings were also 11 cents above the year-earlier earnings of 86 cents. The earnings growth was driven by strong product sales in the reported quarter.
Third quarter revenues were up 9.4% from the prior-year quarter to $2.12 billion. Total revenues edged past the Zacks Consensus Estimate of $2.11 billion. Revenues were however below the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


5 Stocks To Watch In The Week Ahead

Posted: 28 Oct 2011 03:13 PM PDT

 ( click to enlarge )

Oclaro, Inc. (OCLR) strong enough to say and the Bulls are back. The stock finished the day up 7.25% on huge volume of over 2 million of shares exchanging hands on the day. Great volume and a 7% gain on the day makes the stock a clear and easy winner. Looking at the technical chart this looks to be just the beginning of OCLR’s run and I'm extremely confident that the gains will continue. The stock appears to be under accumulation again. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Southwestern Performs As Expected

Posted: 28 Oct 2011 03:05 PM PDT

Southwestern Energy Co. (NYSE:SWN) has reported third-quarter 2011 earnings of 50 cents per share, which is in line with the Zacks Consensus Estimate. However, the quarterly results showed an 8.7% improvement from the year-earlier profit of 46 cents.
The year-over-year improvement was backed by production growth, primarily at its Fayetteville shale operations, accompanied with a focus on cost control.
Third-quarter revenues climbed approximately 12.5% to $767.3 million from the year-ago level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sinopec Grows On Prices

Posted: 28 Oct 2011 02:50 PM PDT

China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec, reported third quarter 2011 net income of 19.72 billion yuan (US$3.07 billion) and earnings per share of 0.228 yuan ($3.55 per ADS), both up 0.5% year over year. The increases can be attributable to domestic economic growth, and most importantly higher prices for petroleum and related products.
Operational Performance
During the nine month period ending September 30, 2011, Sinopec's crude oil and natural gas production upped 0.8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Edwards

Posted: 28 Oct 2011 02:35 PM PDT

The announcement of Edwards Lifesciences' (NYSE:EW) third quarter fiscal 2011 results as on October 19, 2011, has led analysts to revise their estimates lower for the fourth quarter and fiscal 2011.
Third Quarter Highlights
Edwards reported an adjusted EPS of 38 cents in the third quarter of fiscal 2011, a penny below the Zacks Consensus Estimate, and missing the year-ago quarter's adjusted EPS of 43 cents. Revenues increased 18.3% to $412.7 million, exceeding the Zacks Consensus Estimate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


QLogic Beats 2Q Estimates

Posted: 28 Oct 2011 02:35 PM PDT

A leading supplier of high performance network infrastructure solutions, QLogic Corporation (NASDAQ:QLGC) reported strong second quarter 2012 earnings, which beat the Zacks Consensus Estimate by 2 cents. However, earnings per share of 28 cents (excluding one-time charges, but including stock-based compensation expense) remained flat year over year.
Operating Performance
Gross profit was $99.1 million, up 3.0% on a year-over-year basis. Gross margin expanded 40 basis points (bps) year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Republic Services Tops Zacks

Posted: 28 Oct 2011 02:20 PM PDT

Republic Services, Inc. (NYSE:RSG) reported fiscal 2011 third quarter results, posting an EPS of 53 cents in the quarter, an 18% increase from the year-earlier quarter and above the Zacks Consensus Estimate of 50 cents.
The quarter's EPS excluded a loss of 1 cent related to extinguishment of debt and the prior-year quarter excluded a loss on extinguishment of debt of 2 cents and restructuring charges and costs of achieving synergies of 2 cents. Including these items, EPS amounted to 52 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 28 Oct 2011 02:10 PM PDT

Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending.

EUR/USD was trading at 1.4149, down 0.28% at time of writing.

The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4246, Thursday's high.

Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.

Analysts had expected personal spending to rise 0.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


IPG Outshines, Reaffirms Guidance

Posted: 28 Oct 2011 02:05 PM PDT

On October 28, The Interpublic Group of Companies Inc. (NYSE:IPG) reported its financial results for the third quarter of 2011 with diluted earnings per share of 16 cents (excluding benefits of Facebook transaction) compared with 8 cents per share a year ago. The recorded EPS outshined the Zacks Consensus Estimate of 10 cents.
The performance primarily was driven by the company's portfolio of strategic business mix, including all marketing disciplines, across domestic as well as major emerging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up At The End Of U.S. Session

Posted: 28 Oct 2011 02:05 PM PDT

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

GBP/USD was trading at 1.6127, up 0.17% at time of writing.

The pair was likely to find support at 1.5891, Wednesday's low, and resistance at 1.6152, today's high.

Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.

Analysts had expected personal spending to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dow Closes The Week With A 22+ Point Gain While Whirlpool Shares Spiral Downwards

Posted: 28 Oct 2011 02:00 PM PDT

10/28/11 The Big Board closed out a wild week on a quiet note, closing with only a 22+ point gain. Meanwhile, Merck & AMD impress with strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 28 Oct 2011 02:00 PM PDT

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Personal Spending.

USD/JPY was trading at 75.82, down 0.16% at time of writing.

The pair was likely to find support at 75.66, Thursday's low, and resistance at 76.44, Monday's high.

Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.

Analysts had expected personal spending to rise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Principal Lags Estimate

Posted: 28 Oct 2011 01:49 PM PDT

Principal Financial Group (NYSE:PFG) reported third-quarter operating earnings per share of 61 cents, lagging behind the Zacks Consensus Estimate of 71 cents. Results also failed to surpass 68 cents earned in the prior-year quarter. Operating earnings were $191.9 million, down 12% from $218.9 million in the corresponding quarter last year.
Principal Financial delivered a weak quarter on the heels of double-digit earnings decline in Retirement and Investor Services, partly offset by double-digit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NiSource EPS Beats, Keeps Guidance

Posted: 28 Oct 2011 01:49 PM PDT

Diversified utility NiSource Inc. (NYSE:NI) posted third quarter 2011 net operating earnings of 11 cents per share, surpassing the Zacks Consensus Estimate by a penny.and the year-ago figure by 7 cents.
GAAP earnings in the reported quarter were 13 cents per share versus 12 cents per share reported in the year-ago quarter. The difference of 2 cents between the operating and GAAP earnings in the reported quarter was due certain one-time gains.
Revenue
Total revenue in the quarter under review … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TC PipeLines Misses Mark

Posted: 28 Oct 2011 01:30 PM PDT

Pipeline operator TC PipeLines L.P. (NASDAQ:TCLP) announced weak third-quarter 2011 results, reflecting lower equity income from Great Lakes and Northern Border pipeline systems, as well as higher financing charges. These were partially offset by contributions from the recently acquired 25% interests in two other major U.S. gas pipelines – Gas Transmission Northwest LLC and Bison Pipeline LLC – bought from parent TransCanada Corp. (NYSE:TRP) in May.   
The Calgary, Alberta-based master … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Assurant Beats Estimates

Posted: 28 Oct 2011 01:30 PM PDT

Assurant Inc. (AIZ) reported third quarter 2011 operating earnings of 79 cents per share, beating the Zacks Consensus Estimate by 2 cents but significantly lagging the prior-year quarter's earnings of $1.27 per share.
The outperformance was led by higher international underwriting results, while the year-over-year decline was led by high catastrophe loss (cat loss) incidence, decline in premiums, as well as lower investment income.
Total revenue for the reported quarter stood at $2.1 billion, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Portfolio Recovery Beats By A Penny

Posted: 28 Oct 2011 01:30 PM PDT

Portfolio Recovery Associates Inc. (NASDAQ:PRAA) reported third-quarter income from continuing operations of $25.5 million or $1.48 per share, surpassing the Zacks Consensus Estimate of $1.47 and the prior-year earnings of $18.5 million or $1.08 per share.
Earnings were primarily driven by strong top-line growth attributable to continuous improvement in cash collections from both bankruptcy and core portfolios, partly offset by weak performance in the fee-for-service business.
Business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ABB Underperforms Estimate

Posted: 28 Oct 2011 01:30 PM PDT

ABB Ltd. (NYSE:ABB) reported third-quarter 2011 earnings per share of 34 cents, below the Zacks Consensus Estimate of 42 cents and in line with the prior-year earnings.
The company benefited in the quarter from its successful cost reduction efforts to mitigate price pressures as well as contributions from Baldor acquisition, which aided both ABB's revenue and earnings growth.
Total Revenue
Total revenue in the quarter increased 11% year over year in terms of local currency to $9.3 billion. Order … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Cincinnati Financial Reports In Line

Posted: 28 Oct 2011 01:20 PM PDT

Cincinnati Financial Corp. (NASDAQ:CINF) has reported third quarter 2011 operating earnings of 13 cents per share, in line with the Zacks Consensus Estimate, but down 62% year over year. Year-over-year earnings declined due to high catastrophe incidence during the quarter.
Revenue for the quarter stood at $944, down 12% year over year. After-tax investment income upped a modest 1.0% year over year to $98 million. This growth was driven largely by dividend-paying stocks in the investment portfolio, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hanger’s 3Q Mixed, View Lowered

Posted: 28 Oct 2011 01:20 PM PDT

Orthotic and prosthetic (O&P) company Hanger Orthopedic's (NYSE:HGR) third-quarter fiscal 2011 adjusted earnings of 46 cents a share beat the Zacks Consensus Estimate by a penny and surpassed the year-ago adjusted earnings of 37 cents. The adjusted earnings exclude the costs associated with acquisitions and the relocation of the company's corporate headquarters from Bethesda, Maryland, to Austin, Texas.
Profit (as reported) more than doubled year over year to $15.4 million (or 45 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Markets Close Higher; Dow Jones Up 0.18%

Posted: 28 Oct 2011 01:15 PM PDT

Forexpros – U.S. stocks were up after the closing bell on Friday.

At the close of U.S. trade, the Dow Jones Industrial Average rose 0.18%, the S&P 500 index gained 0.04%, while the Nasdaq 100 index climbed 0.06%.

Earlier in the day, official data showed that U.S. personal spending rose to a seasonally adjusted 0.6% last month from 0.2% in the preceding month.

Analysts had expected personal spending to rise 0.6% last month.

Meanwhile, across the Atlantic, European stock markets were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Torchmark Beats Consensus

Posted: 28 Oct 2011 01:10 PM PDT

Life and health insurer, Torchmark Corp. (NYSE:TMK) reported third-quarter 2011 operating income of $1.22 per share, up 13% year over year, led by higher underwriting income, coupled with increased investment income. Lower share count than last year, due to share repurchases, also buoyed the bottom-line.
Total insurance premium of Torchmark remained unchanged relative to the prior-year quarter at $657.4 million. The increase in premium from Life business was mostly offset by lower premium from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


TOTAL In Line, Grows Globally

Posted: 28 Oct 2011 01:05 PM PDT

Integrated oil and gas company TOTAL S.A. (NYSE:TOT) reported third-quarter 2011 operating earnings of $1.75 per share (€1.24 per share), in line with the Zacks Consensus Estimate. Operating earnings in the reported quarter however gained 23.2% from $1.42 per share (€1.10 per share) in the year-ago period.
Total Revenue
Total revenue at the end of third-quarter 2011 was $64.77 billion (€46.16 billion) as against $51.87 billion (€40.18 billion) in the third quarter of 2010. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


HSC In Line, Revisits Guidance

Posted: 28 Oct 2011 01:05 PM PDT

Harsco Corporation (NYSE:HSC) posted an EPS of 40 cents from continuing operations in the third quarter of fiscal 2011 compared with 26 cents in the year-earlier quarter, in line with the Zacks Consensus Estimate of 40 cents per share.
Revenues
Sales for the quarter came in at $856 million, up 14% from $752 million in the year-earlier quarter. The favorable movement in foreign currency translation increased sales by $28 million in the third quarter of 2011 compared with the year-earlier … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Strong Quarter At Endo Pharma

Posted: 28 Oct 2011 12:48 PM PDT

Endo Pharmaceuticals' (NASDAQ:ENDP) third quarter 2011 earnings (excluding special items) of $1.25 per share surpassed the year-ago earnings by $0.39 and the Zacks Consensus Estimate by $0.07. The year-over-year rise in earnings was attributable to a surge in revenues.
Quarter in Details
Revenues climbed 71% to $759.1 million in the reported quarter. The revenue increase was attributable to impressive performances across all segments at Endo Pharma. Revenues beat the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Aimco Beats By A Penny

Posted: 28 Oct 2011 12:48 PM PDT

Apartment Investment and Management Company (AIV), popularly known as Aimco,  reported  third quarter 2011 funds from operations (FFO) of $43.6 million or 36 cents per share compared  with $48.9 million or 42 cents in the year-ago period. Funds from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Excluding one-time items, recurring FFO in the reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Mixed In U.S. Afternoon Trade; USD/JPY Sinks To All-time Low

Posted: 28 Oct 2011 12:47 PM PDT

Forexpros –
Forexpros – The U.S. dollar was mixed against its major counterparts in U.S. trade Friday, with USD/JPY setting a record low, as dealers reacted to Thursday's announced settlement by European leaders to tackle the euro-zone's debt crisis.

In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 0.25% to hit 1.4153.

Earlier Friday, USD/JPY fell to an all-time low, hitting 75.68, and prompting speculation of looming market intervention from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Leggett Misses, Lowers Guidance

Posted: 28 Oct 2011 12:35 PM PDT

Leggett & Platt Inc. (NYSE:LEG), the manufacturer of diversified engineered products and components, recently posted second-quarter 2011 results that missed the Zacks Consensus Estimates.
The company’s quarterly earnings of 31 cents a share fell short of the Zacks Consensus Estimate of 36 cents. However, quarterly earnings were flat compared with the prior-year quarter.
Total sales of the company climbed 8.6% in the quarter to $940.9 million compared with $866.5 million a year ago, primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Posted: 28 Oct 2011 12:29 PM PDT

XZERES Reports 34.5% Sequential Revenue Growth

Posted: 28 Oct 2011 12:25 PM PDT

XZERES reports 34.5% sequential revenue growth
Steven Ralston, CFA

XZERES (XPWR) reported results for the second fiscal quarter ending August 31, 2011. Quarterly revenues sequentially increased 34.5% to $1.367 million from $1.017 million, representing the fifth consecutive quarter of 30%+ sequential revenue growth. The company has aggressively expanded sales and marketing efforts, targeting end-users, dealers and distributors. The gross profit margin sequentially contracted 123 basis points to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Constellation Energy Misses

Posted: 28 Oct 2011 12:25 PM PDT

Before the bell, Constellation Energy Group Inc. (NYSE:CEG) reported its third quarter 2011 results. In the reported quarter, the company’s adjusted earnings per share of 68 cents came in below the Zacks Consensus Estimate of 89 cents. However, results were ahead of the year-ago earnings of 48 cents.
On a reported basis, including one-time items, earnings per share came in at 36 cents per share versus a loss per share of $6.99 in the year-ago quarter.
In the reported quarter the variance between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Boomtowns Of ND: 2k Job Openings Every Day

Posted: 28 Oct 2011 12:24 PM PDT

U.S. Stocks Waver In Afternoon Trade; Dow Up 0.4%

Posted: 28 Oct 2011 12:20 PM PDT

Forexpros –
Forexpros – U.S. stocks were mixed in Friday afternoon trade, as dealers took profits following the previous session's rally but found tepid buying encouragement from a rise in U.S. consumer spending.

In late afternoon U.S. trade, the Dow Jones Industrial Average was up 0.04% to 12,209.70, while the Nasdaq Composite Index fell 0.27% to 2,731.25, and the S&P 500 shed 0.18% to trade at 1,282.29.

Investors on Thursday wholly welcomed the announcement from European officials … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Merck KGaA Misses On EPS, Sales Up

Posted: 28 Oct 2011 12:15 PM PDT

Merck KGaA's (MKGAF) earnings per share for the third quarter 2011 came in at $1.34, well below the Zacks Consensus Estimate of $2.30, but above the year-ago earnings of $1.29. Despite higher operating expenses, a positive foreign currency impact led to the upside in earnings.
Revenues for the reported quarter climbed 14.0% to $3,583.5 million, surpassing the Zacks Consensus Estimate of $3407 million. Impressive performance of the Pharmaceuticals division and the Merck Millipore division … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CMS Posts Mixed 3Q As Costs Rise

Posted: 28 Oct 2011 12:15 PM PDT

Michigan-based CMS Energy Corporation (NYSE:CMS) announced adjusted earnings for the third quarter 2011 of 53 cents per share, 2 cents above the Zacks Consensus Estimate and a penny above the year-ago figure.
The results reflect service restoration costs at the company’s Michigan utility from a series of unusually severe summer storms. At the end of the third quarter 2011, the storm restoration costs were more than double the amount incurred in the prior-year period.
Operational … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MoneyGram Swings To Profit

Posted: 28 Oct 2011 12:10 PM PDT

MoneyGram International Inc. (NYSE:MGI) reported third quarter 2011 earnings per share of 3 cents, in line with the Zacks Consensus Estimate but significantly higher than the loss of 30 cents in the year-ago quarter.
 
Consequently, reported net income jumped to $15.8 million from a net loss of $24.6 million in the year-ago quarter. Excluding preferred dividend payouts, the company had reported net income of $10.0 million in the year-ago quarter.
 
Results included stock-based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Zimmer A Penny Ahead, Sales In Line

Posted: 28 Oct 2011 12:05 PM PDT

Zimmer Holdings (NYSE:ZMH) reported an adjusted EPS of $1.04 during the third quarter of fiscal 2011, a penny ahead of the Zacks Consensus Estimate and up from 96 cents in the corresponding quarter of fiscal 2010.
The company reported a 6.9% year-over-year growth (2.4% at constant exchange rates, CER) in revenues to $1,031 million during the quarter, in line with the Zacks Consensus Estimate. While revenues generated in the Americas remained unchanged at $582 million, revenues from Europe and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Sets New All-time Low In Afternoon U.S. Trade

Posted: 28 Oct 2011 11:49 AM PDT

Forexpros –
Forexpros – The U.S. dollar fell to a fresh record low against the Japanese yen in U.S. trade Friday, as investor interest returned to the Japanese currency in light of progress perceived on Europe's sovereign debt crisis.

In afternoon U.S. trade USD/JPY hit 75.70, the pair's all-time low; the pair subsequently consolidated at 75.71, gaining 0.32%.

The pair was likely to find support at 75.70, the all-time low, and resistance at 77.09, last Thursday's high.

On Thursday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Futility Of Fundamental Analysis For Us “Home Gamers”

Posted: 28 Oct 2011 11:47 AM PDT

We’ve heard it often recently, especially after the last nasty Republican debate, the gospel known as “Republican Eleventh Commandment” originally set out by gubernatorial candidate Ronald Reagan during a particularly feisty 1966 California primary: “thou shall not speak ill of a fellow Republican”. It may also be true of bloggers, especially those of the stock, investment or financial variety: “thou shall not speak ill of another blogger”.
But I just can’t resist and am aware that I risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Income Mobility Is Much More Important Than Rising Income Inequality Or Stagnating Household Income, And We Have A Lot Of It (Mobility)

Posted: 28 Oct 2011 11:44 AM PDT

We hear a lot these days about “increasing income inequality” and “stagnating household income,” but those discussions rarely include what is probably the most important factor when it comes to income over time: income mobility.  In fact, even if: a) income inequality was increasing over time, and b) median household income was stagnant over time, those outcomes wouldn’t necessarily be a problem if there was significant income mobility.  Reason? If there is substantial movement of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 28 Oct 2011 11:14 AM PDT

Forexpros –
Forexpros – Crude oil futures moved lower in U.S. trade Friday, falling back from sharp gains in the previous session posted after the announced settlement between European leaders to boost the rescue fund for debt threatened euro-zone nations.

On the New York Mercantile Exchange light, sweet crude futures for December delivery traded at USD93.30 a barrel during early Asian trade, dropping 0.71%, after hitting a daily high of USD93.99.

Crude future rallied more than 4% on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“Mild Profit-taking…indexes And Gold”

Posted: 28 Oct 2011 05:15 AM PDT

10/28/11 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s trading session and the upcoming week. The final week of October brings the FOMC and ECB rate decisions, along with the US jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rally Eases But Still Higher On Improved Consumer Confidence Data

Posted: 28 Oct 2011 04:45 AM PDT

10/28/11 The euro rally may have eased from yesterdays highs, but it is still slightly higher against the greenback, this after an improvement in US consumer confidence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Loses Steam, Trading Lower As Global Markets Cool Off

Posted: 28 Oct 2011 02:45 AM PDT

10/28/11 After rising yesterday, front month crude prices were trading lower this morning as global equities began to cool off following yesterdays massive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Impact Of Seven Billion People

Posted: 27 Oct 2011 10:00 PM PDT

On October 31, the world symbolically welcomes its 7 billionth. The real date the world hits that number is up for debate, but it has been symbolically chosen by the United Nations as a way to emphasize the effects a growing population will have on the globe.
Over the past half of a century, the world has rapidly accelerated in population growth. In 1800, the Earth had about 1 billion people, 2 billion by 1927 and 3 billion in 1959. A little more than 40 years later, our population … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


No comments:

Post a Comment