Monday, October 10, 2011

DailyMarkets.com - RIMM To Acquire NewBay

DailyMarkets.com - RIMM To Acquire NewBay

RIMM To Acquire NewBay

Posted: 10 Oct 2011 08:05 AM PDT

BlackBerry-maker Research In Motion Ltd.(NASDAQ:RIMM) recently announced its plan to acquire an Irish firm, NewBay for $100 million. The acquisition is expected to upgrade Research In Motion's cloud-based service facility.
NewBay is one of the leading online content service providers that offer various services like digital picture album, online storage of message, edit, update and storage of all valuable information and address book to cloud computing system.
Research In Motion expects to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA Releases New NBA Game

Posted: 10 Oct 2011 07:50 AM PDT

Video game publisher and developer Electronic Arts Inc. (ERTS), popularly known as EA, announced the availability of its new game NBA JAM: On Fire Edition. Gamers will be able to download the game for $14.99 on Sony Corp.'s (SNE) PlayStation Network and for 1200 Xbox points on Microsoft Corp.'s (MSFT) Xbox LIVE Arcade.
NBA JAM: On Fire Edition features new artificial intelligence (AI), which allows gamers to read the opponents tendencies and make his own moves accordingly. The new game also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Index Futures Not Impressed By NFP Report

Posted: 10 Oct 2011 07:39 AM PDT

Monday, October 10, 2011
Failure to sustain the “knee jerk” rally that occurred after the non-farm payroll figures were released may be signaling continued weakness in the E-mini S&P futures. Some traders with a bearish bias may perhaps wish to explore a bear call credit spread. For example, with the December E-mini’s trading at 1155.25 as of this writing, the October 1250 calls could be bought and the October 1200 calls sold for a credit of 8.50, or $425 per spread, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Moves Closer To 38.2% Target At 1.3680

Posted: 10 Oct 2011 07:39 AM PDT

With semi holiday conditions in the US and full holiday in Canada, the EURUSD is focused on stocks and commodities for fundamental reasons.  From a technical perspective (which I believe) are also having an effect.  Specifically, the EURUSD has moved above trendline resistance off the most recent highs at the 1.3598 level and has not been able to move back below that level since. The low post the break has been limited to 1.3611. 
The next key target for the pair is being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deere Consolidates In Brazil

Posted: 10 Oct 2011 07:35 AM PDT

Deere & Company (NYSE:DE) recently announced its plan to build two new factories in Brazil to further consolidate its position and tap the growing market for construction equipment products in Brazil and other South American countries.
Deere already boasts a strong presence in Brazil and caters to the agricultural and forestry equipment market with three manufacturing facilities, a parts distribution center, a bank operated under the John Deere Financial Services brand , and a John Deere Water … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Target’s Sales Exceeds Expectation

Posted: 10 Oct 2011 07:35 AM PDT

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted healthy sales results for the five-week period ended October 1, 2011.
The rise in comparable store sales was above management's expectation, and reflected an increase in average transaction size. The company witnessed an increase in beauty products, groceries and attires sales.
Target registered an increase of 5.3% in comparable store sales for September 2011 compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Rallies As Greece Bailout Talks Completed

Posted: 10 Oct 2011 07:06 AM PDT

Forexpros – The euro added to gains against the yen on Monday, jumping almost 2% after Greece's finance minister said that talks with international creditors looked set to wind up, clearing the way for Athens to receive its next tranche of financial aid.

EUR/JPY hit 104.67 during early U.S. trade, the pair's highest since September 29; the pair subsequently consolidated at 104.64, rallying 1.95%.

The pair was likely to find support at 102.55, Friday's low and resistance at 105.51, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ruby Tuesday Reports In Line

Posted: 10 Oct 2011 06:53 AM PDT

Ruby Tuesday Inc. (NYSE:RT), a casual dining restaurant operator, recently reported its first quarter 2012 earnings of 5 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago quarter earnings of 19 cents.
Total revenue in the quarter jumped 9.1% year over year to $330.3 million and was in line with the Zacks Consensus Estimate. The year-over-year upside in revenue was attributable to franchise partnership business acquisitions in 2011.
Inside the Headline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pepsi-Strauss Strengthen Salad Deal

Posted: 10 Oct 2011 06:53 AM PDT

Pepsico Inc. (NYSE:PEP), the leading global food and drinks Corporation, joined hands with Strauss Group Ltd. to set up a company in order to manage the global joint venture of Strauss and Pepsico in the Cold Salads and Dips Category.
The two companies had formed a joint venture in March 2011, which produced dips and spreads for sale outside North America. Israel-based Strauss is the second-largest food and beverage company in the country and has been engaged in similar venture with Pepsico in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Extend Gains On E.Z. Debt Plan; DAX Up 1.31%

Posted: 10 Oct 2011 06:47 AM PDT

Forexpros – European stock markets extended gains on Monday, as risk sentiment was boosted after a pledge by German and French leaders to come up with a plan to tackle the euro zone debt crisis.

During European afternoon trade, the EURO STOXX 50 was up 0.98%, France's CAC 40 rallied 1.00%, while Germany's DAX 30 rose 1.31%.

German Chancellor Angela Merkel and French President Nicolas Sarkozy promised on Sunday to unveil new measures to deal with the euro zone’s debt crisis by the end of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Walking Dead Walks Into Netflix

Posted: 10 Oct 2011 06:35 AM PDT

By virtue of the multi-year licensing agreement that Netflix Inc. (NASDAQ:NFLX) and AMC Networks Inc. (AMCX) recently entered into, the former will be able to stream season 1 of The Walking Dead exclusively in the U.S. and Canada.
The deal also provides Netflix the rights to stream additional seasons of the series. Certain other programs will be available for streaming just prior to the premiere of the season's telecast. Though the financial terms of the deal were not disclosed, analysts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Clearwire, Walt Disney Company, LM Ericsson Telephone Company, Infosys Technologies Limited, IPG Photonics, Research In Motion Limited, Sprint Nextel, Sony, Wipro Limited

Posted: 10 Oct 2011 06:35 AM PDT

    Sprint Nextel Corp. (NYSE:S) announced that it will cease selling phones and devices that are compatible with Clearwire Corporation's (NASDAQ:CLWR) network at the end of this year

    A Michigan jury has discovered that IPG Photonics Corporation (NASDAQ:IPGP) which produces amplifiers and lasers has not violated patent claims of IMRA America Inc.

    Sony Corporation (NYSE:SNE) is in discussions to purchase the stake of LM Ericsson Telephone Co. (NASDAQ:ERIC) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recession Fears Receding

Posted: 10 Oct 2011 06:35 AM PDT

With the economic calendar on the thin side on Monday, stocks will likely reflect the positive momentum from last week’s favorable run of economic data. The Europeans also appear to be making the right noises, with German and French leaders committing over the weekend to announce a bank recapitalization plan before the end of October.

Relative to last week’s busy economic schedule, we have few reports on the docket this week. Friday’s Retail Sales report and Wednesday’s Fed Minutes are the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Alcoa

Posted: 10 Oct 2011 06:35 AM PDT

The largest U.S. aluminum producer, Alcoa Inc. (NYSE:AA) announced that it would release its results for the third quarter of 2011 after the market closes on October 11, 2011.
Alcoa had kicked off the second quarter earnings season with an EPS of 32 cents and missing the Zacks Consensus Estimate of 34 cents.
With respect to earnings surprises, the company outdid the Zacks Consensus Estimate in the trailing three quarters and was behind the Zacks Consensus Estimate in the second quarter of 2011. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Talks Of Bank Recapitalization Boost Euro, Sink U.S. Dollar

Posted: 10 Oct 2011 06:33 AM PDT

Fundamental Headlines
• Merkel, Sarzoky Pledge Bank Recapitalization – Bloomberg
• No recession for U.S. as Forecasts Improve – Bloomberg
• China: Currency Law Would Hurt U.S. Job Growth – Reuters
• Dexia Accepts Rescue Plan – WSJ
• Slovaks Divided on EFSF Ahead of Vote – WSJ
European Session Summary
Despite a weekend marked by substantive negative news and speculative positive developments, market participants regained confidence and bid higher yielding assets higher ahead … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Sharply Lower As Risk Appetite Recovers

Posted: 10 Oct 2011 06:32 AM PDT

Forexpros – The U.S. dollar was sharply lower against its Canadian counterpart on Monday, as demand for higher yielding assets was boosted after European leaders pledged to unveil a plan to contain the debt crisis in the euro zone by the end of the month.

USD/CAD hit 1.0272 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.0281, tumbling 1.07%.

The pair was likely to find short-term support at 1.0233, Friday's low and a seven-day low and resistance at 1.0418, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Soar To 3-week High On Thai Crop Concerns

Posted: 10 Oct 2011 06:22 AM PDT

Forexpros – Sugar futures were sharply higher on Monday, rallying to a three-week high as growing fears over sugar crop conditions in Thailand and a broadly weaker U.S. dollar buoyed prices.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2618 a pound during European morning trade, soaring 3.64%.

It earlier rose by as much as 3.9% to trade at USD0.2650 a pound, the highest price since September 22.

Concerns over Thailand's sugar harvest intensified over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equity One Restructures Portfolio

Posted: 10 Oct 2011 06:05 AM PDT

Equity One Inc. (EQY) recently announced that it has sold two properties, namely Trio Apartments and Park Plaza for approximately $124.9 million. The 304-unit Trio Apartments building in Pasadena, California was sold for $112.2 million while the 73,000-square feet Park Plaza in Sacramento, California was sold for $12.7 million. The company had 50% and 100% stake in the two properties, respectively.
Recently, the company also acquired a shopping center named Aventura Square in Aventura, Florida … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnnie Walker Offers Richer Blend

Posted: 10 Oct 2011 06:05 AM PDT

The world's leading whiskey maker Diageo Plc. (NYSE:DEO) launched its new limited edition Scotch whiskey in the US, named Johnnie Walker Double Black.  The new edition builds on the original Double Black Label, which was created taking Black Label as a blueprint. They were rich in malts and came in old deeply charred oak casks.
However, the new limited edition spirit is a blend of select single malts, combining the goodness of both naturally smoky-aged whiskeys and whiskeys matured in deep … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thomas Sargent And Christopher Sims Win Nobel

Posted: 10 Oct 2011 06:05 AM PDT

Here’s the press release from the official Nobel Prize website.  

Here’s commentary from Alex Tabarrok and Tyler … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Broadly Lower Vs. Rivals On E.Z. Debt Plan

Posted: 10 Oct 2011 05:55 AM PDT

Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Monday, as an announced plan by Germany and France to tackle the financial crisis in the euro zone lifted market sentiment.

During European afternoon trade, the greenback was sharply lower against the euro, with EUR/USD surging 1.76% to hit 1.3613.

The single currency was boosted after German Chancellor Angela Merkel and French President Nicolas Sarkozy announced on Sunday that new measures aimed at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Breaks Above Resistance At The 1.3598 Level. Bull Remain In Control

Posted: 10 Oct 2011 05:35 AM PDT

U.S. Futures Rise On E.Z. Hopes; Dow Jones Up 1.18%

Posted: 10 Oct 2011 05:28 AM PDT

Forexpros – U.S. stock futures pointed to a higher open on Monday, after German Chancellor Angela Merkel and French President Nicolas Sarkozy said a plan to counter the effects of the region’s debt crisis would be unveiled by the end of the month.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 1.18%, S&P 500 futures signaled a 1.29% increase, while the Nasdaq 100 futures indicated an advance of 1.41%.

After a meeting in Berlin in Sunday, Merkel and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HMA Takes Over Mercy Health

Posted: 10 Oct 2011 05:25 AM PDT

Health Management Associates (NYSE:HMA), a leading operator of general acute care hospitals, recently reported that it has accomplished the takeover of the assets of Mercy Health Partners, which is a subsidiary of Catholic Health Partners. 
Consequently, Health Management has either taken over or leased all seven hospital facilities of Mercy Health Partners comprising 1,323 beds and other services inherent to the East Tennessee health care system. The deal went into effect on October 1, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novo Nordisk’s Degludec Filed In US

Posted: 10 Oct 2011 05:25 AM PDT

Novo Nordisk (NYSE:NVO) recently filed regulatory application for its much anticipated pipeline candidates, Degludec and DegludecPlus, with the US Food and Drug Administration (FDA). Novo Nordisk has already applied for the approval of the candidates in the EU.
Degludec and DegludecPlus are next-generation insulin analogues for the treatment of type I and type II diabetes. Degludec is an ultra long-acting basal insulin while DegludecPlus is a fixed ratio combination of Degludec and NovoRapid.
Novo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Adds To Gains Boosted By EZ Deal Hopes

Posted: 10 Oct 2011 05:18 AM PDT

Forexpros – The pound added to gains against the U.S. dollar on Monday, rising to a six-day high, as risk appetite was boosted by optimism over a deal to tackle the debt crisis in the euro zone.

GBP/USD hit 1.5664 during European afternoon trade, the pair's highest since September 30; the pair subsequently consolidated at 1.5642, gaining 0.55%.

Cable was likely to find support at 1.5421, Friday's low and resistance at 1.5715, the high of September 29.

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

Forex – EUR/USD Extends Gains, Hits 7-day High

Posted: 10 Oct 2011 04:39 AM PDT

Forexpros – The euro extended gains against the U.S. dollar on Monday, advancing to a seven-day high as risk appetite recovered after European leaders promised a fresh set of measures to address the debt crisis in the euro zone by the end of the month.

EUR/USD hit 1.3604 during European early afternoon trade, the pair's highest since September 29; the pair subsequently consolidated at 1.3582, surging 1.53%.

The pair was likely to find support at 1.3360, last Friday's low and resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Tumbles Amid E.Z. Debt Deal Hopes

Posted: 10 Oct 2011 04:19 AM PDT

Forexpros – The U.S. dollar was lower against the Swiss franc on Monday, after German and French leaders announced a plan to deal with the region’s debt crisis, weighing on demand for the safe haven greenback.

USD/CHF hit 0.9078 during early European afternoon trade, the pair’s lowest since October 3; the pair subsequently consolidated at 0.9096, tumbling 1.88%.

The pair was likely to find support at 0.8917, the low of September 29 and short-term resistance at 0.9314, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybean Futures Rally After China Increases Soybean Imports

Posted: 10 Oct 2011 04:04 AM PDT

Forexpros – Soybean futures rallied to a one-week high on Monday, boosted by reports that top consumer China increased purchases of soybeans after prices tumbled by nearly 19% in September, while a broadly weaker U.S. dollar provided further support.

On the Chicago Mercantile Exchange, soybean futures for November delivery traded at USD11.8362 a bushel during European morning trade, surging 2.12%.

It earlier rose by as much as 2.35% to trade at USD11.8762 a bushel, the highest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Rallies After EU Debt Deal Pledge

Posted: 10 Oct 2011 03:38 AM PDT

Forexpros – The euro rallied against the pound on Monday, after French and German leaders pledged a package of new initiatives to counter the effects of the ongoing debt crisis in the euro zone.

EUR/GBP hit 0.8685 during European late morning trade, the daily high; the pair subsequently consolidated at 0.8682, jumping 0.98%.

The pair was likely to find support at 0.8589, Friday's low and resistance at 0.8733, the high of October 6 and a six-day high.

Speaking after talks in Berlin on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can Markets Find The Road Back To Positive Territory?

Posted: 09 Oct 2011 10:00 PM PDT

As we began last quarter, we asked: "Is the market set to take off?" In a world full of uncertainty during the third quarter, global investors gave a definitive answer: No.
U.S. stock markets suffered through the worst quarter since 2008, with the S&P 500 Index dropping nearly 14 percent for the quarter; more than half of this drop occurred in September alone. Only 54 companies in the S&P 500 saw positive returns during the month, while more than 200 dropped at least 20 percent, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weekly Index Update: Germany 30 (DE30)

Posted: 09 Oct 2011 06:01 PM PDT

By ForexMansion.com
by, James A. Hyerczyk
An early session surge to the upside in the Germany 30 (DE30) index CFD failed to attract additional buying power, creating a spike top and the start of a break. After lingering near the support line of the rising wedge chart pattern on the 60-minute chart, selling pressure overpowered the buying pressure, completing the chart pattern and triggering the start of a break to the downside.
The overall quality rating of this chart pattern is a solid 7-bars. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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