Friday, October 14, 2011

DailyMarkets.com - Cooper Moves On With Avaira Recall

DailyMarkets.com - Cooper Moves On With Avaira Recall


Cooper Moves On With Avaira Recall

Posted: 14 Oct 2011 12:00 PM PDT

CooperVision, a unit of The Cooper Companies (NYSE:COO), a company focused on contact lens and women's health, recently reported that it is still engaged with lens wearers, customers, distributors, eye care specialists and the Food and Drug Administration ("FDA") to conclude the product recall, initiated on August 19, 2011, of select lots of Avaira toric contact lenses.
The company is committed to keep all clients cognizant of the voluntary recall and the right sources to approach for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SPWRA- Hawaiian Energy Deal

Posted: 14 Oct 2011 11:50 AM PDT

SunPower Corporation (SPWRA) has received approval from the Hawaii Public Utilities Commission ("PUC") for a contract under which it will sell energy to Hawaiian Electric Company, a subsidiary of Hawaiian Electric Industries Inc. (NYSE:HE). The power will be generated from the 5-megawatt (MW) solar photovoltaic (PV) farm built by the company.
Based in Kalaeloa in West Oahu, the facility will be designed, built and operated by SunPower. The company plans to begin the construction of the solar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: DA BULLS.

Posted: 14 Oct 2011 11:32 AM PDT

Cusick’s Corner
This market is getting to a point of being heavy, overbought in nature. These types of markets are often prone to stay in that state, in this case over bought. With the pullback after the challenge of 1220 and pullback to 1210, I will be watching to see if the dip buyers come in this afternoon or if the “rest” factor kicks in. See you After Hours.
Stock market averages are holding gains with help from economic data and earnings news Friday. Google (NASDAQ:GOOG) grabbed the spotlight … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


First Solar Grows ‘Green’ Conscience

Posted: 14 Oct 2011 11:30 AM PDT

First Solar Inc. (NASDAQ:FSLR) announced that it has participated in and received a score on its inaugural response to the Carbon Disclosure Project ("CDP"). CDP is an organization that gathers and reports greenhouse gas emissions for corporations around the world. First Solar is the first company solely focused on solar development to have its response scored by CDP and included in CDP's 500 and Global 500 report.
First Solar's Disclosure Score was in the top quartile of the 339 S&P 500 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Varian Launches New Service Program

Posted: 14 Oct 2011 11:15 AM PDT

Leading oncology and X-Ray products company Varian Medical Systems (NYSE:VAR) recently announced that it is launching its PremierAssurance program. The program is designed to provide cancer treatment centers with access to a wide range of facilities from the company's customer support set-up. It offers oncology clinics tailor-made and complete service plans at predictable prices.   
According to Varian, its latest service packages are flexible enough to meet the needs of different … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Risk, Reward Balance Hess

Posted: 14 Oct 2011 11:10 AM PDT

We have maintained our Neutral recommendation on Hess Corporation (NYSE:HES), an integrated energy company engaged in oil and gas exploration, production and refining as well as marketing.
Despite the recent quarterly production setback, we believe that Hess has a competitive advantage over its peers based on improving fundamentals, commodity price leverage and exposure to areas with high resource potential in areas of Brazil, Ghana, Libya and offshore Australia.
We remain upbeat on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Gannett

Posted: 14 Oct 2011 11:10 AM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of the one of the largest-selling daily newspapers – USA Today in the nation, is scheduled to report its third-quarter 2011 financial results before the bell on Monday, October 17, 2011. The current Zacks Consensus Estimate for the quarter is 45 cents a share. The Zacks Consensus estimates revenue at $1,271 million for the second quarter.
Second-Quarter 2011, a Synopsis
On July 18, 2011, Gannett delivered second-quarter 2011 results. The quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


J.B. Hunt Tops EPS, Grows Y/Y

Posted: 14 Oct 2011 10:50 AM PDT

J.B. Hunt Transport Services (NASDAQ:JBHT), the third-largest U.S. truckload carrier, reported third quarter 2011 earnings of 57 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Earnings per share soared 39.0% from 41 cents earned in the year-ago quarter on strong growth across most segments.
Total revenue increased 18.8% year over year to $1.17 billion, but came in below the Zacks Consensus Estimate of $1.18 billion. The year-over-year growth was aided by higher shipment in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Up During The U.S. Session

Posted: 14 Oct 2011 10:45 AM PDT

Forexpros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

NZD/USD was trading at 0.8028, up 0.92% at time of writing.

The pair was likely to find support at 0.7706, Monday's low, and resistance at 0.8043, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Two Eddie V’s Join Darden

Posted: 14 Oct 2011 10:30 AM PDT

Darden Restaurants Inc. (NYSE:DRI) recently inked a definitive agreement to purchase two Eddie V’s Restaurants Inc. restaurant brands –– Eddie V’s Prime Seafood and Wildfish Seafood Grille. The all-cash $59 million transaction is expected to be sealed by this year-end.
Post acquisition, both chains will come under Darden’s Specialty Restaurant Group (SRG), which includes Capital Grille, Bahama Breeze and Seasons 52. There are currently eight Eddie V’s restaurants and three Wildfish restaurants … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lindsay Lags Bottom Line Est.

Posted: 14 Oct 2011 10:15 AM PDT

Lindsay Corporation's (NYSE:LNN) operating earnings of 59 cents per share for the fiscal fourth quarter lagged the Zacks Consensus Estimate by 5 cents. Results were however, 23% above the prior year earnings of 48 cents.
Including 13 cents of costs and expenses pertaining to the fourth quarter implementation of the new enterprise resource planning system (ERP) and an adverse administrative tax ruling in a foreign business unit, the company reported earnings of 49 cents for the quarter under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


China Unicom Upped To Neutral

Posted: 14 Oct 2011 10:15 AM PDT

We have upgraded our long-term recommendation from Underperform to Neutral on China Unicom (NYSE:CHU) based on strong 3G subscriber additions.
China’s second largest mobile operator's 3G business is performing well and reached 27 million subscribers at August end. The growth was primarily driven by Apple Inc.'s (NASDAQ:AAPL) iPhone sales. With this, China Unicom has achieved its target of expanding its user base beyond 25 million by this year-end.
Further additions would indicate growth prospects … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sluggish Growth In 3Q PC Shipment

Posted: 14 Oct 2011 10:10 AM PDT

While PC shipment grew slightly in the third quarter, the increase was below expectations, according to recently published market research from  Gartner, Inc. (NYSE:IT).
Gartner estimates that shipments climbed 3.20%, below the 5.1% growth for the quarter. Moreover, the industry shipped 91.8 million units in the period, compared with almost 89 million last year.
Hewlett-Packard (NYSE:HPQ), which is considering whether to spin off its PC business, accounted for 17.7% of the global market to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“A Lot Of The Rally…attributed To Short-covering”

Posted: 14 Oct 2011 10:10 AM PDT

10/14/11 Mogavero, Lee & Co.’s Doreen Mogavero weighs in on session and weekly gains amidst mixed earnings and economic data. Next week brings a slew of earnings from the financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Higher; Dax Up 0.89%

Posted: 14 Oct 2011 10:05 AM PDT

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

At the close of European trade, Germany's DAX rose 0.89%, London's FTSE 100 gained 1.17%, France's CAC 40 climbed 0.97% and the EURO STOXX 50 was up 0.98%.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from 0.0%.

Analysts had expected retail sales to rise 0.5% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Commerce Bancshares Lags By A Penny

Posted: 14 Oct 2011 10:00 AM PDT

Commerce Bancshares Inc.(NASDAQ:CBSH) reported third quarter 2011 earnings of 76 cents per share, a penny below the Zacks Consensus Estimate. Though the result compare unfavorably with the prior quarter's earnings of 79 cents per share, it is ahead of the year-ago quarter's earnings of 64 cents.
Net income for the quarter was $65.4 million, down 5.3% sequentially from $69.0 million but up 16.9% year over year from $55.9 million. The year-over-year improvement ensued from a constant focus on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up In U.S. Trade

Posted: 14 Oct 2011 10:00 AM PDT

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

GBP/USD was trading at 1.5798, up 0.19% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Red Lion Closes Credit Facility

Posted: 14 Oct 2011 09:51 AM PDT

Red Lion Hotels Corporation (RLH) recently announced the completion of its $40 million credit facility with Wells Fargo Bank. The new facility will allow the company to borrow $10 million through an additional guarantee and obtain $30 million in term debt.
As additional security for the facility, the company pledged the Red Lion Colonial Hotel in Helena, MT, as well as the Red Lion Hotel Denver Southeast and the Red Lion Hotel Kalispell and Kalispell Center Mall in Montana.
Management believes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Microchip Slashes Guidance

Posted: 14 Oct 2011 09:30 AM PDT

Microchip Technology Incorporated (NASDAQ:MCHP) recently revised its guidance for the second quarter of fiscal 2012. The company now expects sales to decline by approximately 9.1% sequentially to $340.6 million. Microchip had earlier guided sales to decline by about 1% to 6% sequentially to $352.0 million–$370.8 million.
Microchip stated that sales activity in the September quarter did not progress as expected. The company had earlier expected that business conditions would be impacted by weak, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mattel Meets Estimates

Posted: 14 Oct 2011 09:25 AM PDT

Mattel Inc (NYSE:MAT), the  largest manufacturer of toys in the world, reported third quarter 2011 earnings of 86 cents per share, in line with the Zacks Consensus Estimate, but above the year-ago quarter earnings of 77 cents per share. The better-than-expected results were driven by strong sales of its core brands including Barbie, Hot Wheels and Other Girl Brands as well as robust sales of the company's entertainment property Cars 2.
Quarter Highlights
During the quarter, net sales were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Google Remains Search King

Posted: 14 Oct 2011 09:20 AM PDT

In typical style, Google Inc's (NASDAQ:GOOG) third-quarter earnings of $8.33 breezed past the Zacks Consensus Estimate of $7.59. Solid revenue growth across most geographies (other than Western Europe) and impressive growth in mobile drove results in the last quarter. Shares were up 6.37% in after-hours trading.
Historically, Google has done very much better than Yahoo Inc. (NASDAQ:YHOO), which could be up for sale and Microsoft Corp. (NASDAQ:MSFT), which has yet to gain critical mass. Google's superior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Montpelier Estimates Cat Loss

Posted: 14 Oct 2011 09:15 AM PDT

Montpelier Re Holdings Ltd. (MRH) expects a third quarter preliminary net loss of $30 million from US catastrophes including Hurricane Irene and the Texas wildfires, $20 million from US regional aggregate covers and $10 million from the July Danish floods.
Montpelier also expects to incur a loss of $10 million from the June 2011 New Zealand earthquake.
The second quarter also suffered due to catastrophe losses, resulting from tornado activity in the United States in April and May. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rises On EFSF Expansion Optimism Despite Spain Credit Rating Downgrade

Posted: 14 Oct 2011 09:15 AM PDT

10/14/11 Despite the S&P downgrading Spain’s credit rating, the euro contiued to rally this afternoon on optimism that European officials are nearing a deal to tackle the eurozone debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Discover’s PULSE Partners NetWorks

Posted: 14 Oct 2011 09:05 AM PDT

Yesterday, Discover Financial Services' (NYSE:DFS) subsidiary PULSE signed a long-term deal with Nebraska-based NETS Inc. (NetWorks) for ATM and debit transactions.
NetWorks is an electronic funds transfer company and provides its services to 285 financial institutions. The agreement allows NetWorks' member institutions to use the PULSE network for PIN debit transactions at NetWorks' point-of-sale locations across the U.S. Moreover, NetWorks' members will be able to use PULSE's ATMs for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up At The End Of European Session

Posted: 14 Oct 2011 09:00 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3860, up 0.60% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PSB Upgraded To Outperform

Posted: 14 Oct 2011 08:55 AM PDT

We have recently changed our long-term recommendation for PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (REIT) that owns and operates commercial real estate properties across the U.S., from Neutral to Outperform as we anticipate it to perform well above the broader market.
PS Business Parks owns low-rise suburban multi-tenant offices, business parks and industrial and flex assets. Located mostly in high population markets, flex properties are a combination of warehouse and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Herman Cain’s 9-9-9 Is A Good Start

Posted: 14 Oct 2011 08:50 AM PDT

Why is it that people always find it easy to shoot holes in other people's plans while not providing any outlines of their own? Time and again I witness that reality at play in business, politics, and almost every other pursuit.
To this end, I commend Republican Presidential candidate Herman Cain for at least presenting a plan which might serve as a blueprint for simplifying a tax code which is badly in need of reform.
Whether the plan is 9-9-9 or 10-10-10 or 11-11-11, I appreciate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 14 Oct 2011 08:40 AM PDT

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

USD/JPY was trading at 77.39, up 0.63% at time of writing.

The pair was likely to find support at 76.32, Wednesday's low, and resistance at 77.49, Wednesday's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


WPPGY To Acquire A4A

Posted: 14 Oct 2011 08:35 AM PDT

Advertising titan, WPP plc's (NASDAQ:WPPGY) global communications group, JWT recently entered into a contract to acquire a majority stake in A4A, a Chinese service digital agency. Completion of the acquisition is subject to regulatory approvals.
The strategic investment supports the company's expansionary plans and operations in fast growing emerging markets, which enables access to vast untapped markets in these regions. A4A was founded in 2003 and currently employs over 80 people. The agency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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

Posted: 14 Oct 2011 08:25 AM PDT

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

GBP/USD was trading at 1.5803, up 0.23% at time of writing.

The pair was likely to find support at 1.5543, Wednesday's low, and resistance at 1.5853, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fiserv’s Check Imaging Gains Traction

Posted: 14 Oct 2011 08:15 AM PDT

Fiserv, Inc. (NASDAQ:FISV) recently announced that it signed more than 30 new credit union clients for its Source Capture Solutions within the last ten months. Fiserv continues to see a surge in Credit Union Sales for Check Imaging. These solutions help credit unions reduce costs and increase member satisfaction.
Source Capture Solutions from Fiserv increase the reliability, versatility and scalability of image capture and check processing using a common web based platform. This solution … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Open Higher, Data Comes In Mixed

Posted: 14 Oct 2011 08:10 AM PDT

10/14/11 Wall Street soared at the open, boosted by better-than-expected retail sales. The tech sector saw strong gains with Google and Apple posting a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MarkWest Offering Raises $251M

Posted: 14 Oct 2011 08:05 AM PDT

Pipeline operator MarkWest Energy Partners L.P. (MWE) announced the closure of its previously announced public offering. The partnership priced the public offering of 5,750,000 common units at $45.52 apiece, including a fully exercised over-allotment option for 750,000 units.
The gathering and processing master limited partnership ("MLP") plans to use the proceeds – approximately $251 million after the underwriting discount and estimated offering expenses – to pay back the outstanding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The European Session

Posted: 14 Oct 2011 08:00 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Retail Sales.

EUR/USD was trading at 1.3867, up 0.65% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Up In European Trading Hours

Posted: 14 Oct 2011 07:40 AM PDT

Forexpros – The British Pound was higher against the Japanese Yen on Friday after the release of U.S. data on Retail Sales.

GBP/JPY was trading at 122.47, up 1.00% at time of writing.

The pair was likely to find support at 119.24, Wednesday's low, and resistance at 122.62, today's high.

Earlier in the day, official data showed that retail sales in the U.S. rose more-than-expected to a seasonally adjusted 1.1% last month, from 0.3% in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Refinance Home – How Credit Tightening Works

Posted: 14 Oct 2011 07:34 AM PDT

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


Forex – EUR/USD Up On Economic Data

Posted: 14 Oct 2011 07:10 AM PDT

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index.

EUR/USD was trading at 1.3889, up 0.81% at time of writing.

The pair was likely to find support at 1.3395, Monday's low, and resistance at 1.3894, today's high.

Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell unexpectedly to a seasonally adjusted 57.5 last month from 59.4 in the preceding month.

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


U.S. UoM Consumer Sentiment Falls Unexpectedly

Posted: 14 Oct 2011 07:05 AM PDT

Forexpros – U.S. UoM consumer sentiment fell unexpectedly last month, preliminary data showed on Friday.

In a report, the University of Michigan said that consumer sentiment fell to a seasonally adjusted 57.5, from 59.4 in the preceding month.

Analysts had expected UoM consumer sentiment to rise to 60.0 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Rallies As Dollar Weakens, Eurozone Debt Plan Talks Improve

Posted: 14 Oct 2011 02:00 AM PDT

10/14/11 Front month crude prices rallied more than $2 this morning following a weaker US dollar and improved talks concerning the European rescue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Officials Continue To Work On A Rescue Plan, Spain’s Credit Rating Gets A Downgrade, & Apple Releases IPhone 4s Today

Posted: 14 Oct 2011 01:15 AM PDT

10/14/11 NYFP’s Morning Market Brief: European officials contiue to formulate a rescue plan, S&P downgrades Spain’s credit rating, Google’s earnings impress, and Apple to release iPhone 4s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Colin Bird Sets A Rare Example At Galileo Resources

Posted: 14 Oct 2011 01:52 AM PDT

Eighteen months ago Colin Bird, a mining entrepreneur with more than 40 years of experience as an engineer and explorer, sold Zambian copper-nickel group Kiwara plc to Canada's First Quantum for £158 million. As Kiwara's largest shareholder, Bird might have been forgiven for putting his feet up. However, as chairman of Jubilee Platinum (LON:JLP) and with interests in several other operators, including a directorship of Africa-focused oil group SacOil Holdings (LON:SAC), there was little … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


No comments:

Post a Comment