DailyMarkets.com - IORT CPT Codes Assigned

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• IORT CPT Codes Assigned
• Bullish On Alexion Pharma
• Rite Aid’s Risk-Reward Balances
• KeyCorp Stays Neutral
• Forex – USD/CHF Up In U.S. Trading Hours
• Forex – USD/CAD Down In U.S. Trade
• ValueClick Stays Neutral
• Chevron Sees Carabobo Oil In 2012
• Forex – EUR/USD Up In U.S. Trading Hours
• CU, GASX
• “We Stand With Gibson” Rally And Concert
• Hot Option Plays: Market Ugly At Open Vs. VIX
• Hot Option Plays: Back In Black
• Hot Option Plays: TARP “EU”
• Valuations In Free-Fall: S&P 500 Cheapest Since 1957!
• Pacific Ethanol: Update On Senior Convertible Notes
• Entergy Keeps Neutral Rec
• ADP Sees 91K Private Jobs Added
• Neutral On Bed Bath & Beyond
• BMC Introduces ITBM Solution
• Forex – AUD/USD Up In U.S. Trade
• New Hip System From Exactech
• GM To Partner With BMW
• “Not A Lot Of Volume…no Real Conviction”
• Forex – USD/JPY Up During The U.S. Session
• Parkway To Shed Assets
• G-III Announces Share Buyback Plan
• WRB Lowered To Underperform
• ISM Service Index Better Than Expected
• European Markets Close Higher; Dax Up 4.91%
• MON Reports A Narrow Loss
• Cautious On Cincinnati Bell
• Central Bank Of Kenya Ups Rate 400bps To 11.00%
• Forex Trading: USD/CHF New Bullish Trend Targets Higher Highs
• National Bank Of Poland Keeps Rate At 4.50%
• Neutral Recommendation On Gap
• Yum! Surpasses Consensus EPS
• Yum! Surpasses Consensus EPS
• Enterprise-Enbridge In Pipeline JV
• Comcast Steps Into Tower Business
• ReneSola Module-Powered Plant Starts
• Edwards Sanctions Share Buyback
• AmEx Enters China With Tencent
• Forex – Dollar Broadly Higher Amid E.Z. Crisis Fears
• Natural Gas Trades Close To 11-month Low On Weather Outlook
• Forex – GBP/USD Remains Lower In Risk-off Trade
• Gold Futures Fluctuate In Volatile Trade
• Forex – EUR/USD Remains Lower Amid Debt Crisis Fears
• U.S. Stocks Edge Higher After Mixed U.S. Data; Dow Rises 0.24%
• Wall Street Starts In The Red, Turns Higher On ISM Services
• Crude Rebounds On EU Bank Recap Talks
• You Know, He’s Not As Impressive Unscripted
• Crude Oil Futures Spike Higher After Large U.S. Supply Drop
• Markets In Everything: $4 Tickets For MN Vikings
• America’s Most Dangerous Cities
• European Markets Rally On Bank Recap Plans
• EnCore Oil Agrees Sale To Premier Oil For £221 Million
• ECB Meeting Getting Closer, Along With A Decision On Greece

IORT CPT Codes Assigned Posted: 05 Oct 2011 12:35 PM PDT Brian Marckx, CFA IORT CPT Codes Assigned Today iCAD, Inc. (ICAD) announced that the American Medical Association (AMA) has assigned CPT codes for Intraoperative Radiation Therapy (IORT).  The codes, 77424 and 77469, will be active on January 1, 2012. Establishment of reimbursement via CPT codes should be a catalyst in increasing demand for iCAD’s Axxent Electronic Brachytherapy System which is used primarily for the (IORT) treatment of breast cancer.  We had anticipated the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bullish On Alexion Pharma Posted: 05 Oct 2011 12:35 PM PDT We are greatly encouraged by the string of positive news at Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN). In September 2011, Alexion Pharma received good news from both the US and European regulatory authorities regarding its drug Soliris (eculizumab).  While the US Food and Drug Administration (FDA) cleared Soliris for the atypical hemolytic uremic syndrome (aHUS) indication, the European Committee for Medicinal Products for Human Use (CHMP) backed its approval for the same indication in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rite Aid’s Risk-Reward Balances Posted: 05 Oct 2011 12:35 PM PDT We have currently upgraded our long-term recommendation on Rite Aid Corporation (NYSE:RAD) to Neutral from Underperform. Headquartered in Camp Hill, Pennsylvania, Rite Aid is the third largest retail drugstore in the U.S. based on revenues and number of stores. With 4,714 stores, the company operates in 31 states across the country and in the District of Columbia. Recent trend in the U.S. is witnessing a growing demand for generic drugs. Generic (non-brand) drugs are less expensive but generate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KeyCorp Stays Neutral Posted: 05 Oct 2011 12:35 PM PDT We have reaffirmed our Neutral recommendation on KeyCorp (NYSE:KEY) after reviewing its second quarter 2011 earnings results and enhanced focus on improving market share and branch network. KeyCorp's second quarter earnings were well ahead of the Zacks Consensus Estimate primarily on the back of lower non-interest expense, reduced credit costs and improved provision. However, lower net interest income and non-interest income were the headwinds. Over the last two years, KeyCorp has opened 98 new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours Posted: 05 Oct 2011 12:30 PM PDT Forexpros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/CHF was trading at 0.9237, up 0.80% at time of writing. The pair was likely to find support at 0.8966, Friday's low, and resistance at 0.9262, Tuesday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down In U.S. Trade Posted: 05 Oct 2011 12:10 PM PDT Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/CAD was trading at 1.0438, down 0.70% at time of writing. The pair was likely to find support at 1.0356, Friday's low, and resistance at 1.0657, Tuesday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding month … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ValueClick Stays Neutral Posted: 05 Oct 2011 12:05 PM PDT We maintain our long-term Neutral rating on ValueClick Inc. (NASDAQ:VCLK) with a target price of $18.00. ValueClick reported strong second quarter 2011 results, beating the Zacks Consensus Estimate by a nickel. The better-than-expected results were primarily driven by strong growth across all business segments. We are positive on ValueClick's long term growth based on strength in the Internet advertising industry, increasing e-commerce spending, improving display ad growth trends in the U.S., … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Sees Carabobo Oil In 2012 Posted: 05 Oct 2011 12:05 PM PDT According to a company executive, U.S. energy behemoth Chevron Corp. (NYSE:CVX) may see the start-up of an oil field in Venezuela's Orinoco Belt next year. The super-major is confident that it can commence production from Orinoco's Carabobo Project 3 – which has estimated reserves of 66 billion barrels – in the third quarter of 2012. But before that, Chevron and its partners need to take a call on how to develop the project in the next few months – full development or early … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up In U.S. Trading Hours Posted: 05 Oct 2011 11:45 AM PDT Forexpros – The Euro was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. EUR/USD was trading at 1.3366, up 0.12% at time of writing. The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3601, Friday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CU, GASX Posted: 05 Oct 2011 11:40 AM PDT Weekly update on the First Trust ISE Global Copper Index Fund and the Direxion Daily Natural Gas Related Bear 2x … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“We Stand With Gibson” Rally And Concert Posted: 05 Oct 2011 11:38 AM PDT What: A Rally and Free Concert to show support for Gibson Guitar When: Saturday October 8 from 2-4 P.M. Where: Parking Lot of the Scoreboard Restaurant, Nashville Website: http://GibsonRally.com Why: Federal agents raided two Gibson factories in August and confiscated part of the production inventory of this 100 year old American Manufacturer and Employer. This abuse of federal power must not go unanswered. We, the citizens who grant government its power and authority, MUST act … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Market Ugly At Open Vs. VIX Posted: 05 Oct 2011 11:34 AM PDT Cusick’s Corner The market looked ugly on the open but the “Fear Index”, VIX, never confirmed the move. The Volatility Index actually pulled off the highs it established on the close yesterday, 46.18, and opened at 45.95 and just bottomed at the lows of the session in the VIX at 44.12. This lack of confirmation is the very reason the bounce that has occurred into the Midday is not a surprise, but (there is always a “but”) this is not the right time to jump on either side of the market with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Back In Black Posted: 05 Oct 2011 11:34 AM PDT Cusick’s Corner Holy Flux Capacitor! (Back to the Future) — the market got back to the lows of 2010, 1050/1060, and as I noted in the Midday, I wanted to keep an eye on the higher beta Small Cap (RUT holding above 600) stocks into the After Hours. They have help into the close which has given some relief and would help explain the bounce in the general market. Another non trading catalyst today — headlines out of the EU about potential bank bailouts. While I will take those headlines with a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: TARP “EU” Posted: 05 Oct 2011 11:34 AM PDT Cusick’s Corner Shake out. That’s what we saw on the close last night — weak shorts were washed out on the news that TARPEU is now a potential reality. While the market has held the upside into the Midday, we have to respect the fact that this is a BEAR market. I like the action at this stage, a solid bid with volume and now breaking critical resistance, 1125 most notable level on the S&Ps. I said a few weeks ago that I felt the directional velocity and risk was to the upside and we are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valuations In Free-Fall: S&P 500 Cheapest Since 1957! Posted: 05 Oct 2011 11:34 AM PDT  originally published at Kapitall, who go on to identify potential stocks to play. The Standard and Poor's 500 index valuation has hit 25% below the average from the last nine recessions, even as price estimates continue to fall, according to Bloomberg's data. These estimates provide a statistically significant outlook on analyst expectations for future growth and the degree to which stocks might be considered undervalued. Historically, market contractions have not reached these lows … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pacific Ethanol: Update On Senior Convertible Notes Posted: 05 Oct 2011 11:25 AM PDT Ian Gilson, CFA Pacific Ethanol:  Update on Senior Convertible Notes: The company has elected to make both the October 3, 2011 installment payment and the November1, 2011 installment in cash. The October payment of $2.2 million was reduced to $1.0 million due to voluntary conversion by note holders. The share count as of October 3, 2011 was 48.6 million shares, up from 44.1 million in September, 2011. We have adjusted our share count to reflect the increased number of shares for both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Entergy Keeps Neutral Rec Posted: 05 Oct 2011 11:25 AM PDT We have retained our Neutral recommendation on the integrated energy company Entergy Corporation (NYSE:ETR). Entergy Corporation's performance to a great extent depends on the rate relief it receives in its different service areas. An unfavorable regulatory ruling will have an adverse impact on the company's financial results. The company operates in the Gulf Coast which is prone to strong hurricane activity. This service area exposes Entergy to damage and expenses associated with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Sees 91K Private Jobs Added Posted: 05 Oct 2011 11:25 AM PDT The Automatic Data Processing (NYSE:ADP) employment survey was stronger than expected in September. It shows that private sector employment rose by 91,000, above consensus expectations for a 48,000 increase. The August numbers were revised down slightly to a gain of 89,000 jobs from the initial report of a 91,000 gain. On average, the ADP report does a fairly good job of predicting the private sector totals that the BLS will report on Friday, although in any given month it can be off … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Bed Bath & Beyond Posted: 05 Oct 2011 11:25 AM PDT We maintain our Neutral recommendation on Bed Bath & Beyond, Inc. (NASDAQ:BBBY). A strong countrywide network of more than 1,100 stores coupled with the strategic effort to align merchandise according to regional climate and demographics offers a strong competitive advantage and strengthens its well-established position in the market. Furthermore, the company purchases its merchandise from approximately 5,500 suppliers, primarily from domestic sources, while some overseas, with the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMC Introduces ITBM Solution Posted: 05 Oct 2011 11:25 AM PDT Software and services company BMC Software (BMC) recently introduced its IT Business Management (ITBM) On Demand solution. BMC's IT Business Management solutions will help OnDemand Service Cost Management to achieve visibility into the true cost of IT services. This apart, the new solution possesses features that will make IT Financial Planning and Analysis more effective by improving the speed and reliability of IT financial planning and budgeting cycles. It will also result in project and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 05 Oct 2011 11:15 AM PDT Forexpros – The Australian Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. AUD/USD was trading at 0.9652, up 0.84% at time of writing. The pair was likely to find support at 0.9390, Tuesday's low, and resistance at 0.9810, Friday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Hip System From Exactech Posted: 05 Oct 2011 11:05 AM PDT Orthopedic implant devices maker Exactech (NASDAQ:EXAC) recently reported the successful debut of its new porous metal acetabular system and surgical technique for hip replacements. The new hip system dubbed the Novation Crown Cup, and technique have been designed to enhance initial stability and long-term biological fixation of hip replacement implants. Surgeons at the Ohio State University, Columbus, and Northside Hospital-Forsyth, Atlanta, performed the first implants and reported excellent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM To Partner With BMW Posted: 05 Oct 2011 11:05 AM PDT General Motors Co. (NYSE:GM) plans to form a partnership with Germany's Bayerische Motoren Werke AG ("BMW") to develop fuel-efficient engine technologies in order to meet stringent fuel economy standards in the future. If the tie-up materializes, GM would be able to develop an extensive line-up of fuel-efficient vehicles at lower R&D costs. Currently, major automakers in the U.S. are joining hands to develop engines that would help them meet fuel economy standards of 54.5 miles per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Not A Lot Of Volume…no Real Conviction” Posted: 05 Oct 2011 11:00 AM PDT 10/05/11 ICAP Equities’ Kenneth Polcari discusses today’s market action and the upcoming ECB rate decision and Friday’s US jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up During The U.S. Session Posted: 05 Oct 2011 10:45 AM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on ADP Nonfarm Employment Change. USD/JPY was trading at 76.82, up 0.01% at time of writing. The pair was likely to find support at 76.50, Friday's low, and resistance at 77.27, Monday's high. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding month whose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Parkway To Shed Assets Posted: 05 Oct 2011 10:35 AM PDT Parkway Properties, Inc. (NYSE:PKY) recently announced that it has entered into an agreement to sell 111 East Wacker Drive in Chicago, IL for approximately $150.6 million. The transaction is expected to close by the fourth quarter of 2011. 111 East Wacker is a 1.0 million square foot office property located in downtown Chicago. The property currently serves as the collateral for a $148.5 million non-recourse mortgage loan with a fixed interest rate of 6.3% and expected to mature in July 2016. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

G-III Announces Share Buyback Plan Posted: 05 Oct 2011 10:35 AM PDT G-III Apparel Group, Ltd (NASDAQ:GIII), the designer, manufacturer, and distributor and licensor of various women's and men's apparels in the United States, announced recently that its board of directors has approved a share repurchase program worth $2 million. The repurchase will be executed from time to time in the open market as well as through privately-negotiated transactions based on market conditions, stock price and other factors. We appreciate G-III's effort to bolster shareholders' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WRB Lowered To Underperform Posted: 05 Oct 2011 10:35 AM PDT We are downgrading our recommendation on W.R. Berkley Corp. (NYSE:WRB)  to Underperform from Neutral, reflecting slightly lower investment yield assumptions and modestly higher loss ratio forecasts, which would eat into underwriting margins. During the second quarter conference call, management expressed its concerns over rising loss costs and stated that the loss claims may accelerate over time. The trend of loss claims shows a divergence from declining losses over the past several years. An … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ISM Service Index Better Than Expected Posted: 05 Oct 2011 10:35 AM PDT The Institute for Supply Management's Non Manufacturing, or Service, survey fell in September to 53.0 from 55.3 in August. Still, it was better than the consensus expectation that it would decline to 52.8. It is not a great reading in an absolute sense. Over the last year it has averaged 55.3, and it hit a high or 59.7 in February. Still, it is strong evidence that we are not yet in a recession. While just "not being in a recession" does seem to be damning the economy with feint praise, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Close Higher; Dax Up 4.91% Posted: 05 Oct 2011 10:05 AM PDT Forexpros – European stocks were up after the closing bell on Wednesday. At the close of European trade, Germany's DAX rose 4.91%, London's FTSE 100 gained 3.19%, France's CAC 40 climbed 4.33% and the EURO STOXX 50 was up 4.22%. Earlier in the day, official data showed that non-farm employment change in the U.S. rose more-than-expected to a seasonally adjusted 91K last month, from 89K in the preceding month whose figure was revised down from 91K. Analysts had expected U.S. non-farm … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MON Reports A Narrow Loss Posted: 05 Oct 2011 09:59 AM PDT Monsanto (NYSE:MON) posted an EPS (excluding restructuring expense) of ($0.22) in the fourth quarter of fiscal 2011, better than the Zacks Consensus Estimate of a loss of ($0.27). The company generated revenues of $2,247 million, down 37.4% sequentially but up 15.0% year over year and exceeded the Zacks Consensus Estimate of $2,034 million. On a segmental basis, revenues from the Seeds and Genomics segment grew 39.0% year over year to $1,351 million. The growth in this segment was led by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cautious On Cincinnati Bell Posted: 05 Oct 2011 09:59 AM PDT We are maintaining our long-term Neutral recommendation on telecom services provider Cincinnati Bell Inc. (NYSE:CBB) considering its second quarter results and debt-loaded balance sheet. The company's debt exposure may affect its ongoing expansion efforts primarily related to the wireless and broadband network infrastructure expansion and build-outs of additional data center space. Additionally, Cincinnati Bell continues to experience erosion in local access lines as Tier-1 competitors such as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Kenya Ups Rate 400bps To 11.00% Posted: 05 Oct 2011 09:48 AM PDT The Central Bank of Kenya upped its benchmark lending rate by 400 basis points to 11.00% from 7.00% previously.  The central bank Governor, Njuguna Ndung’u, said: ”The Committee decided to raise the CBR by 400 basis points to 11.0 percent. In addition, the MPC will be meeting every first week of the month until further notice,” and said the CBK “will revise the CBR further if inflation and exchange rate volatility do not abate.” also noting: ”inflationary pressure has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USD/CHF New Bullish Trend Targets Higher Highs Posted: 05 Oct 2011 09:33 AM PDT USD/CHF (daily chart) as of Wednesday (10/05/2011) has continued to display a strong bullish bias in line with the new bullish trend that has been in place since the prior long-term downtrend was broken to the upside in early September. After that trend breakout, the new uptrend has been displaying the characteristics of a well-formed and technically-behaving bullish trend, reaching for progressively higher resistance levels while retracing back down to key support levels. These retracements … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Poland Keeps Rate At 4.50% Posted: 05 Oct 2011 09:31 AM PDT The Narodowy Bank Polski’s Monetary Policy Council kept the benchmark 7-day interest rate unchanged at 4.50%.  The Bank said: “In the medium term, inflation will be curbed  by the anticipated decline in domestic economic growth amidst fiscal tightening, including reduced public investment spending, and interest rate increases implemented in the first half of 2011, as well as a likely global economic slowdown. On the other hand, the impact of the situation in the global financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral Recommendation On Gap Posted: 05 Oct 2011 09:00 AM PDT We maintain our Neutral recommendation on Gap Inc. (NYSE:GPS). Gap is one of the leading players in the highly fragmented specialty retail sector offering a diverse range of clothing, accessories and personal care products for men, women, children and babies. Its flagship brands include Gap, Banana Republic, Old Navy, Piperlime and Athleta. Gap's globally recognized brands complement one another, enabling it to leverage its position in the sector. Moreover, in a drive to boost international … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yum! Surpasses Consensus EPS Posted: 05 Oct 2011 09:00 AM PDT Yum! Brands Inc. (NYSE:YUM) reported third quarter 2011 adjusted earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 74 cents. Earnings increased 13% year over year mainly on the back of strong performance at its China division and other emerging markets as well as a lower tax rate. On a reported basis, Yum! Brands' quarterly earnings were 74 cents per share, up 8% year over year. The company reported a 14% year-over-year increase in total revenue to $2,854 million. System … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yum! Surpasses Consensus EPS Posted: 05 Oct 2011 09:00 AM PDT Yum! Brands Inc. (NYSE:YUM) reported third quarter 2011 adjusted earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 74 cents. Earnings increased 13% year over year mainly on the back of strong performance at its China division and other emerging markets as well as a lower tax rate. On a reported basis, Yum! Brands' quarterly earnings were 74 cents per share, up 8% year over year. The company reported a 14% year-over-year increase in total revenue to $2,854 million. System … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Enterprise-Enbridge In Pipeline JV Posted: 05 Oct 2011 09:00 AM PDT Midstream service providers, Enterprise Products Partners L.P. (NYSE:EPD) and Enbridge Inc. (NYSE:ENB) have entered a joint venture agreement to build a pipeline –– Wrangler –– connecting the oil-storage hub of Cushing, Oklahoma, to refiners on the Gulf Coast. With the initial capacity of 800,000 barrel a day (BPD), Wrangler is expected to be the largest pipeline connecting the region, replacing two competing proposals. The project will likely cost about $1.5 billion to $2 billion and will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comcast Steps Into Tower Business Posted: 05 Oct 2011 09:00 AM PDT Comcast Corporation's (NASDAQ:CMCSA) subsidiary, Comcast Ventures, recently announced the formation of a new company, CTI Towers Inc. The newly-formed company will be responsible to own, operate, and develop wireless towers throughout the U.S. Presently, CTI Towers roughly has 800 towers under its belt, which were earlier used and managed by Comcast Cable subsidiaries. Demand for the 4G networks have been inflating ever since the deployment of the network, and it was further boosted with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ReneSola Module-Powered Plant Starts Posted: 05 Oct 2011 09:00 AM PDT Leading global manufacturer of solar products, ReneSola Ltd. (NYSE:SOL), announced that a large-scale solar power plant in Gahro, Germany equipped with its standard Multi and Virtus high-efficiency modules has become operational. The solar power plant in Gahro, Germany has been constructed and is now operated by Enerparc, a leading engineering, procurement and construction company in Germany. The plant is equipped with 27.5 MW of ReneSola’s standard Multi and Virtus high-efficiency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Edwards Sanctions Share Buyback Posted: 05 Oct 2011 09:00 AM PDT Edwards Lifesciences Corporation (NYSE:EW) recently announced a new share repurchase program worth $500 million. At the end of the second quarter of fiscal 2011, the company was left with $240 million of authorization. Edwards expects to repurchase approximately $100 million worth of additional shares during the third quarter of the current fiscal. Edwards exited the second quarter of fiscal 2011 with $468.2 million in cash and cash equivalents (up from $396.1 million at the end of December 2010) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmEx Enters China With Tencent Posted: 05 Oct 2011 09:00 AM PDT In an effort to expand its online payment solutions in China, last week American Express Co. (NYSE:AXP) (AmEx) announced its first ever collaboration with China's largest internet service provider – Tencent Holdings Ltd. The news was reported by China's DoNews.com. However, financial terms of the joint venture remain undisclosed. Accordingly, the joint venture will allow AmEx to help provide cross-border purchases to Tencent's online payment unit – Tenpay. As a result of this joint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Higher Amid E.Z. Crisis Fears Posted: 05 Oct 2011 08:58 AM PDT Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as ongoing concerns over the financial crisis in the euro zone weighed on the euro. During U.S. morning trade, the greenback was higher against the euro, with EUR/USD sliding 0.36% to hit 1.3230. The euro was hit by concerns over the impact of the debt crisis on the region’s banking sector and economy, after data showed that private sector growth in the euro zone contracted for the first time in two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Trades Close To 11-month Low On Weather Outlook Posted: 05 Oct 2011 08:58 AM PDT Forexpros – Natural gas futures declined on Wednesday, re-approaching an 11-month low as moderate autumn weather across most parts of the U.S. was expected to limit demand for the fuel. On the New York Mercantile Exchange, natural gas futures for November delivery traded at USD3.615 per million British thermal units during U.S. morning trade, shedding 0.63%. It earlier fell by as much as 0.9% to trade at USD3.607 per million British thermal units, hovering close to Monday's 11-month low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Remains Lower In Risk-off Trade Posted: 05 Oct 2011 08:46 AM PDT Forexpros – The pound remained lower against the U.S. dollar on Wednesday, as better-than-expected U.K. service sector data did little to soothe investor concerns that the Bank of England may be about to launch another round of monetary easing. GBP/USD hit 1.5395 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5415, shedding 0.42%. Cable was likely to find support at 1.5339, Tuesday's low and an almost one-year low and resistance at 1.5585, Monday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures Fluctuate In Volatile Trade Posted: 05 Oct 2011 08:34 AM PDT Forexpros – Gold futures fluctuated between gains and losses in volatile trade on Wednesday, as concerns over the euro zone's sovereign debt crisis remained in focus, while a broadly stronger U.S. dollar also weighed. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,614.05 a troy ounce during U.S. morning trade, easing down 0.1%. It earlier fell by as much as 1% to trade at a daily low of USD1,599.35 a troy ounce. The December … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower Amid Debt Crisis Fears Posted: 05 Oct 2011 08:26 AM PDT Forexpros – The euro remained lower against the U.S. dollar on Wednesday, as concerns that the financial crisis in the euro zone is deepening saw investors seek refuge in the safe haven greenback. EUR/USD hit 1.3260 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.3283, shedding 0.49%. The pair was likely to find support at 1.3144, Tuesday's low and an eight-and-a-half month low and resistance at 1.3380, Monday's high. Earlier Wednesday, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Edge Higher After Mixed U.S. Data; Dow Rises 0.24% Posted: 05 Oct 2011 08:19 AM PDT Forexpros – U.S. stocks were slightly higher on Wednesday, following the release of mixed U.S. data on service activity and employment. During early U.S. trade, the Dow Jones Industrial Average rose 0.24%, the S&P 500 index eased up 0.40%, while the Nasdaq Composite index posted a 0.83% increase. Earlier Wednesday, the U.S. Institute for Supply Management said its services index dipped to 53.0 last month from 53.3 in August but employment in the sector fell to its lowest level since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Starts In The Red, Turns Higher On ISM Services Posted: 05 Oct 2011 08:15 AM PDT 10/05/11 The broader market kicked off the session in negative territory, but pared loosed following a better-than-expected ISM services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rebounds On EU Bank Recap Talks Posted: 05 Oct 2011 03:00 AM PDT 10/05/11 Front month crude prices rebounded this aftefnoon on EU banking sector hopes and strong private sector data out of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You Know, He’s Not As Impressive Unscripted Posted: 05 Oct 2011 07:58 AM PDT Everybody knows that President Obama is a great orator when he’s working with a script on a teleprompter.  But when he goes unscripted, Obama is not nearly as impressive.  An analysis of this transcript of Obama’s interview with George Stephanopoulos reveals that Obama uses the expression “you know” 46 times.  Examples: – you know, given the economy, there’s no doubt that, you know, whatever happens on your watch, you’ve got–  – you know, I haven’t quite boiled it down … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Spike Higher After Large U.S. Supply Drop Posted: 05 Oct 2011 07:51 AM PDT Forexpros – Crude oil futures extended sharp gains on Wednesday, climbing to a two-day high after a government report showed U.S. crude supplies fell significantly last week, easing concerns over a slowdown in U.S. demand. On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD78.20 a barrel during U.S. morning trade, surging 3.35%. It earlier rose by as much as 4.1% to trade at USD78.78 a barrel, the highest price since October 3. The contract … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: $4 Tickets For MN Vikings Posted: 05 Oct 2011 07:47 AM PDT Arizona at Vikings tickets for this Sunday are selling on Stubhub starting at $4.  HT: … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America’s Most Dangerous Cities Posted: 05 Oct 2011 07:34 AM PDT From … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Markets Rally On Bank Recap Plans Posted: 05 Oct 2011 01:15 AM PDT 10/05/11 NYFP’s Morning Market Brief: The European markets rallied this morning on EU plans to recapitlize banks. Also, Dexia will be restrctured, Samsung trying to ban Apple’s iPhone 4s in Italy and France, & Friendly’s files for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EnCore Oil Agrees Sale To Premier Oil For £221 Million Posted: 05 Oct 2011 01:27 AM PDT North Sea exploration company EnCore Oil (LON:EO.) is being acquired by FTSE 250 group Premier Oil (LON:PMO) for £221 million. The 70p per share offer, which has been recommended by the EnCore board, will give shareholders the option to accept cash or new shares in Premier. Yesterday, shares in EnCore fell by over 8 percent to 45.25p but soared in early trading this morning to 72.5p, suggesting that some in the City think the agreed price is too low. For Premier, the deal offers the chance to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB Meeting Getting Closer, Along With A Decision On Greece Posted: 04 Oct 2011 08:35 PM PDT By ForexMansion.com Yesterday, it was reported that Finland will receive the collateral it demanded as a condition of providing aid to Greece. The Finnish government was able to secure the collateral, but it won't protect the country's taxpayers from having to pitch in for financing a second wave of the crisis. "The value of the deal is in the eye of the beholder," said Ville Pernaa, director of the Parliamentarianism at the University of Turku. "But this isn't really what Finland … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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