Friday, October 28, 2011

DailyMarkets.com - Stericycle Beats By A Whisker

DailyMarkets.com - Stericycle Beats By A Whisker

Stericycle Beats By A Whisker

Posted: 28 Oct 2011 11:47 AM PDT

Stericycle Inc. (NASDAQ:SRCL) has reported fiscal 2011 third quarter results delivering an adjusted EPS of 71 cents versus 65 cents in the year-earlier quarter and beating the Zacks Consensus Estimate by a penny.
The quarter noted some special items including a 5 cent charge pertaining to acquisition expenses and a 1 cent credit related to net release of prior year's tax reserves. The prior-year quarter included a 2 cent charge pertaining to acquisition expenses and a 1 cent credit related to net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

L-3 EPS Beats, Ups View

Posted: 28 Oct 2011 11:35 AM PDT

L-3 Communications Holdings Inc. (NYSE:LLL) reported third quarter 2011 diluted earnings per share of $2.24, comfortably surpassing the Zacks Consensus Estimate of $2.15 and the year-ago quarterly earnings of $2.07 per share.
Operating Statistics
Quarterly net sales fell by 1.3% year over year to $3.8 billion, and also missed the Zacks Consensus Estimate by $59 million.
Sales performance reflects areas of competitive strength as well as a challenging defense budget environment. Sales growth from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Behind The Personal Income Headline

Posted: 28 Oct 2011 11:35 AM PDT

Total personal income rose by $20.2 billion in September after falling by $7.1 billion in August. Personal Consumption Expenditures (PCE) rose by $68.7 billion on top of a $24.2 billion increase in August.

Looking a bit further back, over the last six months total personal income is up $99.2 billion while spending is up $218.1 billion. That is an increase of 1.21% for income, before inflation, but a 2.05% increase in PCE. Unless you think that we as a nation are going to return to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dominion EPS Meets Forecasts

Posted: 28 Oct 2011 11:25 AM PDT

Dominion Resources Inc. (NYSE:D) reported third quarter 2011 operating earnings of 95 cents, a penny more than the Zacks Consensus estimate and at the mid-point of the company's third quarter guidance range of 90 cents to $1.00 per share.
Results, however, dipped 7.8% below the year-ago earnings of $1.03. Operating earnings for the quarter dropped 10.3% year over year to $541 million.
The year-over-year decline was largely due to lower merchant generation margins, lower weather-related sales in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Biogen Impresses, Beats On All Fronts

Posted: 28 Oct 2011 11:20 AM PDT

Biogen Idec (NASDAQ:BIIB) reported third-quarter earnings per share of $1.59, well above the Zacks Consensus Estimate of $1.51 and the year-ago earnings of $1.33. Excluding the impact of stock-based compensation expense, third quarter 2011 earnings came in at $1.61 per share, up 19.3%.
Third quarter results were boosted by higher revenues which came in $1.3 billion, up 11.4%. Revenues exceeded the Zacks Consensus Estimate of $1.2 billion.
The Quarter in Detail
Third quarter performance was driven by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Norfolk Delivers A Stellar 3Q

Posted: 28 Oct 2011 11:20 AM PDT

Norfolk Southern Corp. (NYSE:NSC), one of the leading U.S. railroad companies reported third quarter earnings of $1.59 per share that breezed passed the Zacks Consensus Estimate of $1.41 and rose 34% from $1.19 in the year-ago quarter.
Norfolk continues to gain from highway-to-railway shift in shipments on the heels of rising fuel prices and tight truck capacity that propelled continued record high results for Norfolk.
Total operating revenue climbed 18% year over year to $2.88 billion, which was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arch Coal Profits Dip On Miss

Posted: 28 Oct 2011 11:10 AM PDT

Coal producer Arch Coal Inc. (NYSE:ACI) reported net adjusted earnings of 8 cents per share for the third quarter 2011, much lower than the Zacks Consensus Estimate of 15 cents and the year-ago earnings of 35 cents.
Poor results in the third quarter primarily reflect lower Powder River Basin shipments versus the year-ago due to the impact of Midwestern flooding on rail service, as well as reduced profitability at the Mountain Laurel operation in Appalachia as a result of geologic challenges.
Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coventry Lags YoY On Higher Expenses

Posted: 28 Oct 2011 11:10 AM PDT

Coventry Health Care Inc. (NYSE:CVH) generated third-quarter 2011 operating earnings of 82 cents per share, which came in line with the Zacks Consensus Estimate but substantially lagged behind $1.29 per share reported in the year-ago quarter. The decline was primarily attributable to increased expenses coupled with tepid membership growth that marred the desired upside in the top line. These were partially offset by lower tax provisions.
 
The earnings per share for the reported quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell Misses Top And Bottom Line

Posted: 28 Oct 2011 11:05 AM PDT

Rockwell Collins Inc. (NYSE:COL), the supplier of avionics and military equipment, reported fourth quarter and fiscal 2011 results. The company's pro forma earnings of $1.13 per share in the fourth quarter were a penny short of the Zacks Consensus Estimate of $1.14. However, results comfortably beat the year-ago quarterly earnings per share of 93 cents.
During the fourth quarter of 2011, the company sold the Rollmet product line with a gain of 11 cents from the divestiture, which was offset by a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Wheeler Wins Contracts

Posted: 28 Oct 2011 11:05 AM PDT

Global Engineering and Construction Group of Foster Wheeler AG (NASDAQ:FWLT) has signed a memorandum of understanding through its Chilean subsidiary with a unit of GE Energy, a division of General Electric (GE), for the investigation of certain elected mining and metals projects in South America.
Foster Wheeler Chile S.A. excels in the technology of mining and metals and has project execution capability while GE Energy provides equipment and technology. Together, both these companies will be able to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DENTSPLY Outperforms, Raises View

Posted: 28 Oct 2011 10:47 AM PDT

Leading dental products maker DENTSPLY International's (NASDAQ:XRAY) third-quarter fiscal 2011 adjusted (excluding one-time items including acquisitions/restructuring charges, amortization of intangibles and tax related adjustments) earnings per share of 46 cents topped the Zacks Consensus Estimate of 43 cents and matched the year-ago adjusted earnings.
Profit (attributable to the company), as reported, dipped 4.8% year over year to $60.6 million (or 42 cents a share), hurt by sizable … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cabot Shines On High Volume

Posted: 28 Oct 2011 10:35 AM PDT

Independent energy exploration and production company Cabot Oil and Gas (NYSE:COG) has reported third quarter earnings per share (excluding special items) of 34 cents, which were at par with the Zacks Consensus Estimate. Comparing year-over-year, earnings increased 9.7% from 31 cents.
During the quarter, Cabot generated revenue of $262.1 million, which lagged our expectation of $267.0 million. On a year-over-year basis, sales improved 17.0% from $224.1 million, buoyed by higher output.
Volume … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Close Mixed; DAX Adds 0.1%

Posted: 28 Oct 2011 10:28 AM PDT

Forexpros –
Forexpros – European stocks closed mixed in choppy Friday trade, with profit takers eroding gains made in the previous session following the announced plan by European leaders to tackle the region's debt threats.

At the end of Friday's European session, the STOXX 50 Index dropped 0.59% to 2,462.36, France's CAC 40 slipped 0.59% to 3,348.63, Britain's FTSE 100 fell 0.20% to 5,702.24, while Germany's DAX advanced 0.13% to close at 6,346.19.

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

Canadian National Tops On Rev

Posted: 28 Oct 2011 10:20 AM PDT

Canadian National Railway (NYSE:CNI) reported adjusted earnings per share of C$1.38 ($1.41) in the third quarter of 2011, surpassing the Zacks Consensus Estimate of $1.34.
Adjusted earnings increased 16.0% from C$1.19 in the year-ago quarter aided by strong freight volume and pricing.
Adjusted earnings include an after-tax gain of C$38 million or 8 Canadian cents per share related to assets sale proceeds from IC RailMarine Terminal Company.
Revenues increased 8.7% year over year to C$2.3 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OfficeMax Beats, Remains Cautious

Posted: 28 Oct 2011 10:05 AM PDT

In a tough economic environment, OfficeMax Inc. (NYSE:OMX) posted better-than-expected third-quarter 2011 results. The quarterly earnings of 25 cents a share beat the Zacks Consensus Estimate by a penny, and rose 8.7% from 23 cents earned in the year-ago quarter despite witnessing a low-single digit fall in the top-line. The company has been actively managing its costs to cushion its bottom-line.
Cost of goods sold and occupancy costs dropped 2.1%, whereas operating, selling and general … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SCANA Beats EPS, Lags Rev

Posted: 28 Oct 2011 10:05 AM PDT

Natural gas and electric company SCANA Corporation (NYSE:SCG) has reported third quarter 2011 earnings of 81 cents per share, beating the Zacks Consensus Estimate of 77 cents.
The quarterly results were 2.5% higher than the year-ago profit level, driven by improved electric margins on base rate hikes and lower operations and maintenance expenses, partially offset by higher interest expense and share dilution.
Operating revenue of $1,092.0 million improved 0.4% from the year-ago level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Falls In Early U.S. Trade

Posted: 28 Oct 2011 09:49 AM PDT

Forexpros –
Forexpros – Gold futures moved lower in U.S. trade Friday, threatening to snap a five-session winning streak as data showed an unexpected increase in spending by U.S. consumers and Europe's plan to settle its debt woes came under scrutiny.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,738.05 a troy ounce during early U.S. trade, dropping 0.65%, or USD11.25, after hitting a high of USDS1,753.85.

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

Expedia Tops, Opex On The Rise

Posted: 28 Oct 2011 09:46 AM PDT

Expedia Inc.'s (NASDAQ:EXPE) third quarter earnings beat the Zacks Consensus Estimate by 10 cents, or 14.3%. Revenue growth (although short of the consensus), improving margins and a lower tax rate helped results in the last quarter.
Investors reacted to the revenue miss, caution related to Europe and continued weakness in air ticket and packages businesses. Additionally, management's decision to continue investment in technology is likely to weigh on margins and cash flows. As a result, share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CPKF: Better-than-Expected Third Quarter

Posted: 28 Oct 2011 09:46 AM PDT

CPKF: Better-than-Expected Third Quarter
Ann Heffron, CFA

CPKF reported 2011 third quarter net earnings of $1.8 million, or $0.56 per diluted share, $0.04 better than our $0.52 diluted EPS estimate. This outperformance primarily reflected positive variances in both net interest income and other noninterest expense relative to our third quarter estimates, partially offset by a larger-than-expected loan loss provision.

Compared to the year-ago quarter, net income dropped 7% from $1.9 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HSBC To Divest Its Losango Unit

Posted: 28 Oct 2011 09:46 AM PDT

On Thursday, Financial Times reported that HSBC Holdings Plc (NYSE:HBC) is planning to sell its Losango consumer finance unit in Brazil, in yet another attempt to shed its non-core assets and improve efficiency.
Presently, HSBC's Losango unit has nearly 20 million clients and controls about 20% of the market share in Brazil's consumer loan segment. Hence, some of the local banks interested in acquiring the HSBC unit include Banco Bradesco S.A. (NYSE:BBD), Itau Unibanco Holding S.A. (ITUB) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AMD Soars On Solid Results, Outlook

Posted: 28 Oct 2011 09:40 AM PDT

Advanced Micro Devices (NYSE:AMD) reported third quarter earnings of 13 cents a share, beating the Zacks Consensus Estimate by 3 cents.The shares jumped 10.51% in after-market trading are maintaining a 10%+ increase in the pre-market.
Revenue
AMD's revenues in the last quarter came in at $1.69 billion, up 7.4% and 4.4% from the previous and year-ago quarters, respectively. While supply constraints prevented the company from meeting its guidance of a 10% sequential increase (at the mid-point), … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Newell Beats, Reaffirms Guidance

Posted: 28 Oct 2011 09:40 AM PDT

Newell Rubbermaid Inc. (NYSE:NWL), the producer of Sharpie pens and Rubbermaid containers, logged an increase in adjusted earnings of 7.1% in the third quarter of 2011 to 45 cents a share from 42 cents a share in the year-ago quarter.
Earnings growth driven by positive impact from increased sales volume coupled with lower interest expenses and structural selling, general and administrative expenses were partially offset by higher input cost inflation and higher strategic selling, general & … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deckers Beats, Lifts Outlook

Posted: 28 Oct 2011 09:40 AM PDT

Deckers Outdoor Corporation (NASDAQ:DECK) recently delivered better-than-expected third-quarter 2011 results on the heels of healthy demand for the product lines under the UGG and Teva brands, and the recent acquisition of the Sanuk brand. Consequently, the company lifted its full year outlook, but remains cautious about the economic environment in Europe.
The quarterly earnings of $1.59 per share beat the Zacks Consensus Estimate of $1.34, and surged 48.6% from $1.07 earned in the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron Beats Top And Bottom Lines

Posted: 28 Oct 2011 09:30 AM PDT

U.S. energy giant  Chevron Corp. (NYSE:CVX) reported bright third-quarter 2011 results, riding on the back of higher oil prices and stronger refining margins.
Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.69, handsomely above the Zacks Consensus Estimate of $3.42 and the year-ago adjusted profit of $2.06.
Quarterly revenue of $64,432 million was 29.6% higher from the prior-year quarter result of $49,718 million and was 14.7% above our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goodyear Beats, Profits Jump

Posted: 28 Oct 2011 09:30 AM PDT

Goodyear Tire & Rubber Company (NYSE:GT) reported a profit of $161 million or 60 cents per share in the third quarter of 2011 in sharp contrast to a loss of $20 million or 8 cents per share in the same quarter of 2010.
Excluding special items, profits leapt to $195 million or 72 cents per share from $32 million or 13 cents per share in 2010 quarter. It was significantly higher than the Zacks Consensus Estimate of 25 cents per share. The increase in profit was attributable to improved price/mix … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Pacific Falls Short Of Est

Posted: 28 Oct 2011 09:30 AM PDT

Canadian Pacific Railway Limited's (NYSE:CP) adjusted earnings per share of C$1.14 ($1.17) per share for the third quarter of 2011 missed the Zacks Consensus Estimate by a penny. However, adjusted earnings of the third largest Canadian railway slid 2.6% from C$1.17 per share in the year-ago quarter. The company registered a strong recovery from the difficult operating environment resulting from floods that affected the first half results. Subsequently, the trailing impact went on to dampen the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JetBlue Posts In Line Earnings

Posted: 28 Oct 2011 09:25 AM PDT

Discount U.S. airline JetBlue Airways Corporation (NASDAQ:JBLU) third quarter adjusted earnings per share of 12 cents matched the Zacks Consensus Estimate but was below the year-ago earnings of 18 cents.
Total revenue climbed 16% year over year to $1.195 billion but missed the Zacks Consensus Estimate of $1.210 billion. However, JetBlue made record revenue in the quarter despite the financial turmoil, higher fuel prices, weak demand and challenging weather conditions.
Airline traffic, measured in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Qtr For International Paper

Posted: 28 Oct 2011 09:25 AM PDT

International Paper Co. (NYSE:IP) reported third quarter EPS of 92 cents, a penny ahead of the prior-year quarter and outperforming the Zacks Consensus Estimate of 80 cents.  Results reflect record profit levels in North American Coated Paperboard and solid results in emerging markets despite increasing input costs of most raw materials.
After including restructuring and other charges of 7 cents and net gain of sales or impairments of business of 34 cents, EPS in the quarter stood at $1.19 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Savings Rate Plunges In September

Posted: 28 Oct 2011 09:25 AM PDT

The Personal Savings rate plunged in September to 3.6% from 4.1% in August. That was the net result of Personal Spending, a.k.a. Personal Consumption Expenditures (PCE) rising by 0.6%, which was in line with expectations. Personal Income rose just 0.1%, which was well below the consensus expectations of a 0.3% rise. In the short term, a falling savings rate is great for boosting economic growth.

Yesterday's first look at GDP growth in the third quarter showed that the Consumer was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Don’t Buy Your Furniture Yet – You Might Not Get The House

Posted: 28 Oct 2011 09:18 AM PDT

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


Forex – EUR/USD Declines In Early U.S. Trade

Posted: 28 Oct 2011 09:08 AM PDT

Forexpros –
Forexpros – The euro settled lower against the U.S. dollar in early trade Friday, as investor euphoria over a European settlement to address regional debt devolved into a more tempered scrutiny of the specific measures involved.

EUR/USD hit 1.4135 in early U.S. trade, the pair's lowest since Thursday; the pair subsequently consolidated at 1.4169 falling 0.13%.

The pair was likely to find support at 1.3800, Wednesday's low, and resistance at 1.4378, Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pacific Ethanol Third Quarter Results:

Posted: 28 Oct 2011 09:05 AM PDT

Pacific Ethanol Third quarter results:
Ian Gilson, CFA

On October 26th Pacific Ethanol (PEIX) reported its third quarter results.

 
3Q10  
2Q11    
3Q11 
Zacks est.

Ethanol produced (million gallons):    
0.0  
38.1 
38.0  
38

Third party sales:   
71.5     
  62.5   
84.6    
  72

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

EA Betters Estimates; Loss Widens

Posted: 28 Oct 2011 09:05 AM PDT

Video game developer and publisher, Electronic Arts (NASDAQ:ERTS), better known as EA, reported second quarter 2012 results, which improved considerably from the Zacks Consensus Estimate of a loss of 15 cents per share.
EA's non-GAAP loss (excluding one-time items but including stock-based compensation) of 8 cents per share was much wider than 3 cents per share reported in the prior-year quarter. This was, however, in line with the mid-point of management's guided range of a loss of 13 cents to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panera Tops, Raises Outlook

Posted: 28 Oct 2011 09:05 AM PDT

Panera Bread Co. (NASDAQ:PNRA) recently posted third quarter 2011 earnings of 97 cents per share, surpassing the Zacks Consensus Estimate of 94 cents. Reported earnings also outpaced the prior-year quarter earnings of 75 cents per share. The better-than-expected results were driven by double-digit top-line growth.
Inside the Headline Numbers
The restaurant chain reported total revenue of $453.1 million in the third quarter, up 22% year over year and higher than the Zacks Consensus Estimate of $447.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Motorola Mobility’s Woes Continue

Posted: 28 Oct 2011 09:05 AM PDT

Motorola Mobility (MMI) reported somber financial results for the third quarter of 2011. Following the earnings release, stock price of Motorola Mobility went down by 7 cents (0.18%) to $38.95.
Quarterly GAAP net loss was $32 million or 11 cents per share compared with $34 million or 12 cents per share in the prior-year quarter. Adjusted (excluding special items) EPS in the reported quarter was a loss of 12 cents, wider  than the Zacks Consensus Estimate of a loss of 10 cents. Quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicell Beats Estimates

Posted: 28 Oct 2011 09:05 AM PDT

Omnicell Inc. (NASDAQ:OMCL) reported EPS of 9 cents during the second quarter of fiscal 2011, beating both the Zacks Consensus Estimate of 8 cents and the year-ago quarter EPS of 4 cents. Reported earnings shot up 125% on a year-over-year basis primarily due to the reduction in effective tax rate from 60% in the year-ago quarter to 35% in the reported quarter.
Revenues in the reported quarter increased 5.6% year over year to $64.4 million and surpassed the Zacks Consensus Estimate of $63 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CSN’s 3Q Beats Estimate, Down Q/Q

Posted: 28 Oct 2011 09:05 AM PDT

Companhia Siderurgica Nacional (NYSE:SID), or CSN reported its financial results for the third quarter 2011 on October 27, 2011. Net income jumped 49% year over year but plummeted 4% sequentially to R$1,097 million (US$673.0 million), or R$0.75 per share (46 cents per ADR). Earnings results were above the Zacks Consensus Estimate of 20 cents per ADR.
The sequential decline was due to lower operating income, offset partially by improved financial results.
Revenue
Considering the top line, net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delta Soars In 3Q

Posted: 28 Oct 2011 09:05 AM PDT

Delta Air Lines (NYSE:DAL), the second largest U.S. airline, has reported third quarter adjusted earnings per share (EPS) of 91 cents that matched the Zacks Consensus Estimate. On a GAAP basis, earnings shot up 51% to 65 cents from 43 cents in the year-ago quarter.
Despite the surging fuel prices, the year-over year upswing was driven by aggressive fare hike actions, cost-cutting measures and unbundled offerings such as upgraded seats.
Revenue
Revenue climbed 10% year over year to $9.82 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America West Resources Hits A Problem

Posted: 28 Oct 2011 09:05 AM PDT

America West Resources (AWSR) hits a problem
Ian Gilson, CFA

One of the coal seams at the Horizon Mine has a fault in that, at some time in the past, the coal seam has moved. This is not an unusual rock structure. Some exploratory drilling should find the seam. However, the miners will have to mine rock until they can open another seam. The company has stated that it may take at least 6 months to develop another section. In the mean time the company has laid off a third of the work force until … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian Underperforms

Posted: 28 Oct 2011 09:05 AM PDT

Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) posted fourth-quarter fiscal 2011 (ended September 30) earnings from continuing operations of 95 cents a share, missing the Zacks Consensus Estimate by a couple of cents while surpassing the year-ago earnings of 87 cents.
Net earnings for the quarter slipped 4% year over year to $100.7 million (or 87 cents a share) as the company booked a $9.7 million charge for the settlement of all remaining contractual commitments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pulte Improves In 3Q

Posted: 28 Oct 2011 09:05 AM PDT

PulteGroup, Inc. (NYSE:PHM) reported a net loss of $129 million or 34 cents per share in the third quarter of 2011, improving significantly from a net loss of $995 million or $2.63 per share in the year-ago quarter. 
Reported earnings included goodwill impairment charges of $241 million or 63 cents per share, land related charges of $4 million or 1 cent per share and a tax benefit of $73 million or 19 cents per share, while the prior-year quarter earnings included charges of $986 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Looking For Counterfactuals: The Seen Versus The Unseen

Posted: 28 Oct 2011 08:47 AM PDT

Back in the olden days when I ran the Dallas Fed, we had an extensive outreach program for economic education, including seminars for teachers who taught economics in high school, often without much training themselves. Whenever I spoke to the teachers, they invariably asked my advice on what they should be teaching. What are the most important things for students to learn about economics, especially those who won't be taking college level economics? My answer was based in part on my … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Posted: 28 Oct 2011 08:40 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 75.77, down 0.23% 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

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

Posted: 28 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 Personal Spending.

GBP/USD was trading at 1.6134, up 0.21% at time of writing.

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

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

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

US Stocks Open Lower, Consumer Sentiment Surges

Posted: 28 Oct 2011 08:10 AM PDT

10/28/11 Wall Street traded in a narrow range, posting a modest pullback at the Open. After Thursday’s rally, investors continued to digest the EU debt deal and the latest economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down During The European Session

Posted: 28 Oct 2011 08:00 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 1.4177, down 0.08% 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

Forex – GBP/JPY Down In European Trading Hours

Posted: 28 Oct 2011 07:40 AM PDT

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

GBP/JPY was trading at 122.10, down 0.14% at time of writing.

The pair was likely to find support at 120.70, Wednesday's low, and resistance at 122.52, 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

Global Markets Mixed On Final Trading Day Of Week, Spanish Unemployment Hits 15-year High, & HP To Keep Its PC Business

Posted: 28 Oct 2011 01:15 AM PDT

10/28/11 NYFP’s Morning Market Brief: The global markets are trading mixed today following yesterdays rally. Meanwhile, Spain’s unemployment rate hits 21.5% and HP decided to keep its personal computer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Seven Stocks Showing Deep Value On Benjamin Graham’s NCAV Screen

Posted: 28 Oct 2011 02:42 AM PDT

For investors keen to identify the ultimate value stocks there is no shortage of investment philosophy and advice to put to the test – and among the most famous are the models formulated by the father of Value Investing – Benjamin Graham. With an approach that emerged from the grim days of the Great Depression, Graham's techniques have gone on to become a vital tool for value hunters. Within his earliest work, Graham came up with a stringent value test that assesses a company based on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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