DailyMarkets.com - Rising Income Inequality For The Texas Rangers. So?

---

• Rising Income Inequality For The Texas Rangers. So?
• Merck Beats, Updates Outlook
• MetLife Beats On Top Line
• Forex – USD/JPY Down During The European Session
• Yen Rallies As Euro-zone Optimism Fades After Only One Day
• Friday Set Up For Slight Pullback
• Oil Prices Hold Near Recent Highs On Euro Debt Agreement
• Duke Realty Reports In Line
• Federated Reports In Line
• CBRE Group Reports In Line
• Stock Market News Briefs: Aetna, Avon Products, Cisco Systems, L-3 Communications Holdings, Logitech International S.A., MetLife, Raytheon Company, Spirit Aerosystems Holdings
• PetroChina’s Profit Edges Higher
• Forex – GBP/USD Down In European Trade
• Forex – EUR/USD Down On Economic Data
• U.S. Personal Spending Rises
• Cliffs Reports Record 3Q
• Cabela’s Reports Healthy 3Q
• Agnico-Eagle Slips In 3Q
• Forex – EUR/GBP Down During The European Session
• Forex – GBP/CHF Up In European Trade
• Crude Oil And Gold Aiming Lower But US Data May Cut Pullback Short
• Forex – AUD/USD Down In European Trading Hours

Rising Income Inequality For The Texas Rangers. So? Posted: 28 Oct 2011 07:11 AM PDT The chart above is based on data from the USA Today Salaries Databases and reveals significant and increasing income inequality over time for the Texas Rangers, measured both by the payroll share of the top 20% and the Gini coefficient of statistical dispersion.  Over that time period, the average inflation-adjusted Texas Ranger salary has gone up almost 8 times, from $412,350 in 1988 (measured in 2011 dollars) to $3.18 million in 2011.  So what’s the problem?  We hear all the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merck Beats, Updates Outlook Posted: 28 Oct 2011 06:50 AM PDT Merck & Co. (NYSE:MRK) reported third quarter 2011 earnings per share (excluding special items) of 94 cents, 3 cents above the Zacks Consensus Estimate and 10.6% above the year-ago earnings. Double-digit growth of key products and new product launches contributed to earnings growth. Revenues for the quarter increased 8.1% to $12 billion, above the Zacks Consensus Estimate of $11.6 billion. While revenues were favorably impacted by foreign exchange fluctuations (5%), products like Januvia, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife Beats On Top Line Posted: 28 Oct 2011 06:50 AM PDT MetLife Inc. (NYSE:MET) reported third quarter operating earnings per share of $1.11, three cents ahead of both the Zacks Consensus Estimate and the year-ago quarter. Operating earnings jumped 23% year over year to $1.18 billion from $958 million in the year-ago period.   During the reported quarter, operating earnings per share were adversely affected by net investment losses of 5 cents, other adjustments of 46 cents and tax expense of $1.22. These were partially offset by net derivative … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Down During The European Session Posted: 28 Oct 2011 06:50 AM 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 75.75, down 0.26% 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

Yen Rallies As Euro-zone Optimism Fades After Only One Day Posted: 28 Oct 2011 06:50 AM PDT Fundamental Headlines • Economy in U.S. Surpasses Pre-Recession Level – Bloomberg • Volcker Rule to Cost Banks $1B: U.S. Government – Bloomberg • Euro Fund Head Sees No Quick China Deal – Reuters • European Shares Edge Lower After EU Deal Euphoria – Reuters • Cheers and Skepticism Greet European Deal – WSJ European Session Summary Market participants exhibited an interesting characteristic in the overnight session, one that has been lacking in recent months as governments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Friday Set Up For Slight Pullback Posted: 28 Oct 2011 06:35 AM PDT Stocks have made some impressive gains this month as some of the more exaggerated concerns about the macro backdrop have eased. These concerns pertained to the U.S. economy, Europe, and the corporate earnings picture. I will weigh in on this morning’s Personal Income & Outlays report for September a little later. But let me briefly touch on these three concerns first. We know now that the U.S. economy has decent enough momentum to keep it from a fresh recessionary downturn. Also, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Prices Hold Near Recent Highs On Euro Debt Agreement Posted: 28 Oct 2011 06:33 AM PDT Friday, October 28, 2011 Should WTI futures begin to lose their upward momentum near the 95.00 level, it may signal a return to a trading range environment, with prices spending the majority of their time between 90.00 and 80.00. Crude Oil option premiums look attractive for option selling strategies, and traders looking for a return to choppy trading activity may wish to explore selling out of the money strangles in Crude Oil options. For example, with December Crude trading at 93.00 as of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Realty Reports In Line Posted: 28 Oct 2011 06:30 AM PDT Duke Realty Corporation (NYSE:DRE), a real estate investment trust (REIT), reported third quarter 2011 FFO (fund from operations) of $72.3 million or 27 cents per share compared with $128.9 million or 50 cents in the year-ago quarter. Fund 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 certain one-time items, the recurring FFO for the quarter was $76.1 million or 29 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Federated Reports In Line Posted: 28 Oct 2011 06:20 AM PDT Federated Investors Inc.(NYSE:FII) reported third-quarter 2011 earnings per share of 37 cents, in line with the Zacks Consensus Estimate, and below the year-ago earnings of 42 cents. Moreover, the reported earnings were below 41 cents per share reported in the prior quarter. Results reflected decreased top-line growth, increase in voluntary fee waivers, and reduced equity assets. This was partly offset by a rise in fixed income and money market assets, higher assets under management (AUM) and a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CBRE Group Reports In Line Posted: 28 Oct 2011 06:20 AM PDT CBRE Group, Inc. (NYSE:CBG) reported net income of $63.8 million or 20 cents per share in the third quarter of fiscal 2011, compared with $57.0 million or 18 cents per share in the year-ago period. Excluding non-recurring items, the company reported a net income of $77.7 million or 24 cents per share during the quarter compared with $62.4 million or 20 cents per share in the year-earlier quarter. Recurring earnings were in line with the Zacks Consensus Estimate. The company reported revenues of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Aetna, Avon Products, Cisco Systems, L-3 Communications Holdings, Logitech International S.A., MetLife, Raytheon Company, Spirit Aerosystems Holdings Posted: 28 Oct 2011 06:20 AM PDT     MetLife (NYSE:MET) posted Q3 EPS of $1.11, exceeding the Zacks Consensus Estimate of $1.09 per share. Revenues for the quarter came in at $17.01 billion     L-3 Communications (NYSE:LLL) reported Q3 EPS of $2.24, above the Zacks Consensus Estimate of $2.16 per share. Revenues fell 1.3% year-over-year to $3.79 billion     Avon Products (NYSE:AVP) posted Q3 EPS of $0.38, lower than the Zacks Consensus Estimate of $0.47 per share. Revenues for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PetroChina’s Profit Edges Higher Posted: 28 Oct 2011 06:20 AM PDT Chinese energy giant PetroChina Co. Ltd. (PTR) announced its third quarter 2011 earnings of RMB 37.4 billion or RMB 0.20 per diluted share, compared with RMB 34.7 billion or RMB 0.19 per diluted share in the year-earlier period. Earnings per ADR came in at $3.13 (exchange rate: US$1.00 = RMB 6.39, 1 ADR = 100 shares). The slight improvement can be primarily attributable to higher energy prices and stronger volumes, which were almost offset by refining losses. PetroChina's total revenue for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Down In European Trade Posted: 28 Oct 2011 06:10 AM PDT Forexpros – The British Pound was lower against the U.S. Dollar on Friday after the release of U.S. data on Personal Spending. GBP/USD was trading at 1.6091, down 0.05% at time of writing. The pair was likely to find support at 1.5891, Wednesday's low, and resistance at 1.6142, 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 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down On Economic Data Posted: 28 Oct 2011 05:45 AM 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 1.4158, down 0.22% 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

U.S. Personal Spending Rises Posted: 28 Oct 2011 05:40 AM PDT Forexpros – U.S. personal spending rose last month, official data showed on Friday. In a report, the Bureau of Economic Analysis said that personal spending rose to a seasonally adjusted 0.6%, from 0.2% in the preceding month. Analysts had expected personal spending to rise 0.6% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cliffs Reports Record 3Q Posted: 28 Oct 2011 05:32 AM PDT Cliffs Natural Resources Inc. (NYSE:CLF) posted net earnings of $590 million or $4.07 per share in the third quarter, up 100% from last year's $297 million or $2.18 per share. Earnings surpassed the Zacks Consensus Estimate of $3.67 per share. Quarterly revenues came in at a record $2.1 billion, up 59% year over year. The increase was driven by higher pricing and sales volumes in the company’s iron ore segments, along with incremental sales from Cliffs’ recently acquired Bloom Lake operations in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabela’s Reports Healthy 3Q Posted: 28 Oct 2011 05:17 AM PDT Cabela's Inc. (NYSE:CAB), one of the leading specialty retailers of hunting, fishing, camping, and related outdoor merchandise, recently posted better-than-expected third-quarter 2011 results. Healthy performance at its retail stores, strong growth at financial services division and elevated merchandise gross margin enabled the company to deliver quarterly earnings of 50 cents a share, up 61.3% from 31 cents delivered in the prior-year quarter. The quarterly earnings also surpassed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Agnico-Eagle Slips In 3Q Posted: 28 Oct 2011 05:08 AM PDT Agnico-Eagle Mines Limited (NYSE:AEM) reported quarterly net loss of $81.6 million or 48 cents per share in the third quarter of 2011. Net income includes 95 cents per share after-tax write off of the company’s Goldex operation (as announced on October 19, 2011), a 19 cents closure provision, stock option expense of 5 cents per share and the write down of available for sale securities of 2 cents per share, partly offset by a non-cash foreign currency translation gain of 13 cents per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session Posted: 28 Oct 2011 05:00 AM PDT Forexpros – The Euro was lower against the British Pound on Friday. EUR/GBP was trading at 0.8790, down 0.27% at time of writing. The pair was likely to find support at 0.8672, Tuesday's low, and resistance at 0.8831, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.22% to hit 1.4158 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In European Trade Posted: 28 Oct 2011 04:30 AM PDT Forexpros – The British Pound was higher against the Swiss Franc on Friday. GBP/CHF was trading at 1.3910, up 0.46% at time of writing. The pair was likely to find support at 1.3810, Thursday's low, and resistance at 1.4146, Monday's high. Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.05% to hit 1.6106 and EUR/GBP falling 0.31% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil And Gold Aiming Lower But US Data May Cut Pullback Short Posted: 28 Oct 2011 03:56 AM PDT Talking Points Crude Oil Corrects Lower, Spotlight Now Turns to US Economic Calendar Gold Has Scope to Decline as EU Crisis Fears Recede, US Dollar Rebounds WTI Crude Oil (NY Close): $93.96 // +3.76 // +4.17% Crude oil continues to reflect broad-based sentiment trends, with the WTI contract still showing a firm correlation with the S&P 500. Prices slid in Asia and remain under pressure in early European trade as profit-taking drives risk-linked assets lower after yesterday's aggressive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Down In European Trading Hours Posted: 28 Oct 2011 03:40 AM PDT Forexpros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 1.0672, down 0.54% at time of writing. The pair was likely to find support at 1.0323, Wednesday's low, and resistance at 1.0753, Thursday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.30% to hit 1.3265 and AUD/JPY falling 0.66% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610