DailyMarkets.com - The Wall Street Occupiers And The Democratic Party

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• The Wall Street Occupiers And The Democratic Party
• Is The S&P 500 About To Stage A Multi-Month Rally?
• Hot Option Plays: Will Earnings Be A Catalyst?
• DaVita Faces New Investigations
• Dow Reaffirms Financial Goals
• ERJ Sells E-Jets To GECAS
• Alliant & General Dynamics Team Up
• Noble On A Winning Streak
• Macy’s Sales Rise
• BP Chalks Wind Farm Venture
• BJ’s Treads Expansion Path
• Final Words On The Jobs Report
• Forex – EUR/USD Down At The End Of U.S. Session
• Hartford Sells Unit To ExlService
• Comps Climb At Dillard’s
• Forex – GBP/USD Up At The End Of U.S. Session
• Dow Ends Wild Week With 20 Point Loss On European Debt Downgrades
• Forex – USD/JPY Up At The End Of U.S. Session
• More Farcical By The Minute
• More On The U.S. Manufacturing Renaissance
• Weak September For J.C. Penney
• Foster Wheeler’s Egyptian FEED Deal
• MetLife’s Charges To Dampen 3Q Results
• Conceptus Expands In Netherlands
• Sprint, Apple In IPhone Pact
• Toyota: Made In India
• Demograhics Of Joblessness
• Moody’s May Lift Ford Ratings
• Murphy Disposes U.S. Refinery Biz
• MWI Vet Clears Antitrust Hurdle
• U.S. Markets Close Lower; Dow Jones Down 0.18%
• DDR Restructures Portfolio
• Apple Launches IPhone 4S
• Kohl’s Comps Up, Trims Outlook
• Irony: Down With Evil Corporations
• Rwanda Central Bank Lifts Rate 50bps To 6.50%
• Fred’s September Sales Meet Guidance
• Forex – Dollar Mixed In U.S. Afternoon Trade
• Update On Sanofi’s Multaq
• DuPont Starts Kevlar Facility
• National Bank Of Serbia Cuts A Further 50bps To 10.75%
• European Default Inevitable — Sell Your Gold?
• SPWRA To Build McHenry Solar Farm
• U.S. Stocks Erase Gains In Afternoon Trade; Dow Slips 0.07%
• Hercules Upgraded To Outperform
• Cell Therapeutics Efforts Validated
• Bank Of Japan Monetary Policy Unchanged, Rate At 0-0.10%
• Jobless Duration Deteriorates
• A Softer Market For Hard Drives
• GD Plans Buyback, Wins Contract
• Forex – USD/JPY Edges Higher In Afternoon U.S. Trade
• State Bank Of Vietnam Raises Rate 100bps To 15.00%
• Generic Threat For Warner Chilcott
• Hot Option Plays: Resistance
• Interactive’s Sept. Metrics Down
• Today’s Employment Report
• Halliburton Takes Over Multi-Chem
• European Stocks Close Higher; DAX Rises 0.5%
• BSD Medical At Fire, Ice Symposium
• Adobe Eyes HTML5 Apps With Nitobi
• Crude Oil Falls In Mid-day U.S. Trade
• Employment, Participation Rates Rebound
• Forex Trading: EURUSD Falls On The 1-2 Punch From Fitch Debt Rating Cut Of Italy And Spain
• Forex Trading: EURUSD Back Below 200 Hour MA At 1.3428. 1.3381-94 Next Target Area
• MarkWest To Raise Fresh Capital
• “Jobs Numbers Good…expectations Low”
• ACAS Invests In Loan Financing
• ‘Occupy Wall Street’ Should ‘Occupy Washington’
• Gold Inches Down In Early U.S. Trade
• Euro Extends Rally On Jobs Data, Risk Appetite
• Crude Rises On Positive Jobs Data
• The Trend Trader For ETF Trading On Monday, October 10, 2011
• The Trend Trader For Stock Trading On Monday, October 10, 2011
• The Trend Trader For Futures Trading On Monday, October 10, 2011
• The Trend Trader For Forex Trading On Monday, October 10, 2011

The Wall Street Occupiers And The Democratic Party Posted: 07 Oct 2011 04:58 PM PDT Will the Wall Street Occupiers morph into a movement that has as much impact on the Democratic Party as the Tea Party has had on the GOP? Maybe. But there are reasons for doubting it. Tea Partiers have been a mixed blessing for the GOP establishment – a source of new ground troops and energy but also a pain in the assets with regard to attracting independent voters. As Rick Perry and Mitt Romney square off, that pain will become more evident. So far the Wall Street Occupiers have helped the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Is The S&P 500 About To Stage A Multi-Month Rally? Posted: 07 Oct 2011 03:53 PM PDT The S&P 500 must have taken notice of the multitude of headlines coming at market participants and proceeded on a path of pure chaos. Since October 4th, the S&P 500 Index (SPX) managed to trade in a range that spanned from 1,074 to as high as 1,171 in 4 days. To put the past 4 days price action into perspective, the S&P 500 Index rallied 97 points or 9% in less than 96 hours. Since late July, market participants have been dealing with a whipsaw that has been wrought with headline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Will Earnings Be A Catalyst? Posted: 07 Oct 2011 03:35 PM PDT Cusick’s Corner This has been a fun week, we end the day at critical resistance, 1150 on the S&Ps, and a thrashing of Bonds is beginning. More cash is now on the sidelines and with the in-line data, the market has been choppy going into the earnings season. Over the weekend I am going to look at some names that will be rolling out earnings. I will dig through some Retailers and Consumers, XRT/XLY, and the Industrials, XLI. See you Midday and have a great weekend. Stock market averages gave … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DaVita Faces New Investigations Posted: 07 Oct 2011 03:35 PM PDT Two law firms started investigations against DaVita Inc. (NYSE:DVA) earlier this week regarding the alleged over-billing of Medicare by the company. DaVita is already facing two federal investigations for over-billing of Medicare and over-use of Epogen, a medicine used for increasing the red blood cells in kidney patients. Additionally, as per the Denver Post, the company is also being investigated for forging inappropriate alliances with pharmaceutical companies and physicians. Now, Bronstein, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Reaffirms Financial Goals Posted: 07 Oct 2011 03:10 PM PDT The world’s second-largest chemicals company by revenue The Dow Chemical Company (NYSE:DOW) reaffirmed its profit goals that were laid out in November 2009. The company also revealed its priorities and financial profiles for its new operating segments. Dow Chemical expects its EBITDA, or earnings before interest, income taxes, depreciation and amortization, to reach nearly $10 billion in the near term and $15 billion by the middle of the decade. The Michigan-based company will continue to use its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ERJ Sells E-Jets To GECAS Posted: 07 Oct 2011 03:05 PM PDT Brazilian aircraft maker Embraer S.A (NYSE:ERJ) recently sold six 190 Jets to GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric. The sale agreement also includes an option for another six aircraft, valued at $256.8 million at list prices. However, if GECAS exercises the option the deal may reach $500 million.  The delivery of the first aircraft is scheduled for the fourth quarter of 2012. GECAS is committed toward continuous fleet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alliant & General Dynamics Team Up Posted: 07 Oct 2011 02:50 PM PDT Alliant Techsystems Inc. (NYSE:ATK) has teamed up with General Dynamics Ordnance and Tactical Systems, a unit of General Dynamics Corporation (NYSE:GD) to provide a complete solution for the United States Marine Corps’ (USMC) requirements for the rifled, 120mm Precision Extended Range Mortar (PERM).  As part of the deal, Alliant will be the prime contractor to the United States Marine Corps for the PERM Engineering and Manufacturing Development (EMD) program. Under the contract, the company will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Noble On A Winning Streak Posted: 07 Oct 2011 02:40 PM PDT Noble Corporation (NYSE:NE) has secured a three-year letter of intent for its Noble Duchess drillship to work for Oil and Natural Gas Corp., ("ONGC") India. The deal was revealed at Noble's recent fleet status update. Per the contract, Noble Duchess, which was previously set aside to work in Nigeria, will earn $180,000 per day for the ONGC-operated project to waters offshore India. The rig is expected to reach India by March next year. The company has also secured a three-month contract from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Macy’s Sales Rise Posted: 07 Oct 2011 02:40 PM PDT Macy's, Inc. (NYSE:M), one of the leading department store retailers in the United States, recently posted better-than-expected sales results for the five-week period ended October 1, 2011 on the heels of a robust sales trend witnessed across both Macy's and Bloomingdale's despite lingering economic woes. Macy's comparable-store sales for September 2011 rose 4.9%, following an increase of 5% in August 2011 and up 10 basis points from the prior-year period. Year-to-date comps increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Chalks Wind Farm Venture Posted: 07 Oct 2011 02:35 PM PDT The energy giant BP Plc (NYSE:BP) has unveiled its plan to build the biggest onshore wind farm in south-central Kansas. This initiative marks the company's attempt to make most of the present physical and public policies in the U.S., as prospects for wind power industry will likely weaken with the expiry of the federal tax credits in near future. The $800 million project includes a 419-megawatt (MW) capacity wind farm, Flat Ridge II, spread across 66,000 acres. Flat Ridge II will utilize 262 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BJ’s Treads Expansion Path Posted: 07 Oct 2011 02:35 PM PDT Orange County, California-based BJ's Restaurants, Inc (NASDAQ:BJRI), which operates around 112 restaurants, remains on track to open as many as 12 to 13 new restaurants in fiscal 2011, of which ten restaurants have already been opened. Out of the ten new openings, the company has opened three restaurants in Texas and California, two restaurants in Florida, one in Las Vegas and one in Ohio. Geographically, BJ's witnessed strength across all the thirteen states where it operates in the recently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Final Words On The Jobs Report Posted: 07 Oct 2011 02:35 PM PDT The percentage of people looking for a job increased for the second month in a row. The only things keeping today’s BLS non-farm payroll report this morning from being even better was a deterioration in the duration of unemployment statistics, and an increase in the number of people who are working part time who really want a full time job. Without a doubt those are serious flaws. Still, relative to what we saw in August (especially before the revisions) and indeed most of the previous four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 07 Oct 2011 02:10 PM PDT Forexpros – The Euro was lower against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.3378, down 0.45% at time of writing. The pair was likely to find support at 1.3147, Tuesday's low, and resistance at 1.3525, today's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hartford Sells Unit To ExlService Posted: 07 Oct 2011 02:05 PM PDT On Monday, Hartford Financial Services Group Inc. (NYSE:HIG) sold its subsidiary Trumbull Services LLC to ExlService Holdings, Inc. (NASDAQ:EXLS). The terms of the deal were not disclosed. Trumbull specializes in providing subrogation service. Subrogation is a legal process via which an insurance company recovers its loss from a third party partially responsible for a particular claim. Trumbull also provides other services such as premium collection and policy administration. The deal will help … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comps Climb At Dillard’s Posted: 07 Oct 2011 02:05 PM PDT Dillard’s Inc. (NYSE:DDS) reported a growth of 3.0% in same-store sales for the five-week period ended October 1, 2011. Merchandise sales for the period increased 1.9% to $542.5 million compared with $532.3 million in the five-week period ended October 2, 2010. Total sales for the period increased 2.0% from the prior-year period. Sales in the Central region were consistent with the average total company sales trend, while it was below the trend in the Eastern and Western regions. Comparable store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Up At The End Of U.S. Session Posted: 07 Oct 2011 02:05 PM PDT Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. GBP/USD was trading at 1.5558, up 0.73% at time of writing. The pair was likely to find support at 1.5272, Thursday's low, and resistance at 1.5646, today's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Ends Wild Week With 20 Point Loss On European Debt Downgrades Posted: 07 Oct 2011 02:00 PM PDT 10/07/11 NYFP’s Closing Bell Market Monitor: US stocks close the week with a steady finish as Dow falls roughly 20 points on a debt downgrade by Fitch of Spain and italy’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Up At The End Of U.S. Session Posted: 07 Oct 2011 02:00 PM PDT Forexpros – The U.S. Dollar was higher against the Japanese Yen on Friday after the release of U.S. data on Nonfarm Payrolls. USD/JPY was trading at 76.73, up 0.02% at time of writing. The pair was likely to find support at 76.52, Monday's low, and resistance at 77.21, Monday's high. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Farcical By The Minute Posted: 07 Oct 2011 01:49 PM PDT On Monday I highlighted an ABC News interview in which President Obama more-or-less said that we’re still in a recession. Today, however, his chief spokesman is singing a different tune. The White House said on Friday it does not believe the U.S. economy is headed for a double-dip recession despite signs of its slowing growth. “We do not believe that it will happen, but there is no question that the economy has slowed,” White House spokesman Jay Carney told a news briefing. It’s only been four … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More On The U.S. Manufacturing Renaissance Posted: 07 Oct 2011 01:41 PM PDT CHICAGO, October 7, 2011—”Transportation goods such as vehicles and auto parts, electrical equipment including household appliances, and furniture are among seven sectors that could create 2 to 3 million jobs as a result of manufacturing returning to the U.S.—an emerging trend that is expected to accelerate starting in the next five years, according to new research by The Boston Consulting Group (BCG). The BCG analysis identifies those broad industry clusters that are most likely to reach … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Weak September For J.C. Penney Posted: 07 Oct 2011 01:40 PM PDT J.C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported sales results for the five-week period ended October 1, 2011. The company's comparable-store sales for September inched down 0.6% compared with an increase of 5.1% for the same month last year. Total sales also  fell 3.6% to $1,426 million from $1,480 million in September last year. Failing to impress with its performance, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foster Wheeler’s Egyptian FEED Deal Posted: 07 Oct 2011 01:40 PM PDT Foster Wheeler AG's (NASDAQ:FWLT) subsidiary, Global Engineering and Construction Group, has been awarded a front-end engineering design (FEED) contract for the Qasr Compression Project in Egypt by the Apache Khalda Corporation. In addition to providing project management consultancy (PMC) services for managing FEED for the project the company will also provide additional compression to the existing facilities at the Qasr gas condensate field. The field is located at about 525km west of Cairo, in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MetLife’s Charges To Dampen 3Q Results Posted: 07 Oct 2011 01:35 PM PDT Yesterday, MetLife Inc. (NYSE:MET) intimidated about a string of charges worth about $275 million that it expects to incur in the third quarter of 2011, as per the statement filed with the Securities and Exchange Commission (SEC) and other federal authorities. The bulk of the extraordinary expenses include a post-tax charge of $115–135 million to make necessary alterations to its insurance reserves. This primarily requires reaching out to those insurance policies and other contracts where the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conceptus Expands In Netherlands Posted: 07 Oct 2011 01:35 PM PDT Netherlands-based Conceptus BV, the newly formed wholly-owned subsidiary of Conceptus Inc. (NASDAQ:CPTS), recently acquired certain assets and all distribution rights of the Essure device from the company's Dutch distributor for approximately $3.6 million. Conceptus BV's operating results will be included in the company’s financial results beginning in the fourth quarter of fiscal 2011. With respect to unit sales, Netherlands is Conceptus’ third largest market in Europe. The company with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint, Apple In IPhone Pact Posted: 07 Oct 2011 01:35 PM PDT The third-largest U.S. wireless carrier, Sprint Nextel Corp. (NYSE:S), inked a deal to sell the new version of Apple Inc.'s (NASDAQ:AAPL) iPhone from October 14. Sprint would sell the new version — iPhone 4S — with unlimited data plan, potentially putting pressure on the two dominant players, AT&T Inc. (NYSE:T) and Verizon Communications (NYSE:VZ). Instead of unlimited offerings, both companies charge consumers according to the usage of data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota: Made In India Posted: 07 Oct 2011 01:35 PM PDT Toyota Motor Corp. (NYSE:TM) plans to export its Indian made vehicles for the first time in its history. The automaker will begin exporting India-manufactured vehicles to South Africa. However, it will design the vehicles especially for the South African market. The automaker decided to export the Etios sedan to South Africa from March next year. Etios has been launched and produced exclusively in the Indian market in 2010. Toyota plans to raise the annual production capacity in India to 310,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Demograhics Of Joblessness Posted: 07 Oct 2011 01:35 PM PDT This month's employment report was solid, not great, but much better than expected, particularly when the revisions to previous months are considered. When the revisions are added to the September numbers, we were up 202,000 in total and 217,000 on the private sector side, according to the establishment survey. Not all demographic groups were hit equally hard in the downturn, and they have not fared equally in the very slow climb out of the downturn. In this post I focus on the demographics … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moody’s May Lift Ford Ratings Posted: 07 Oct 2011 01:35 PM PDT Moody’s Investors Service, the credit rating arm of Moody's Corp. (NYSE:MCO), is likely to raise the credit rating of Ford Motor Co. (NYSE:F) as the automaker reached a tentative four-year agreement with United Auto Workers (UAW) union. Currently, Ford has a credit rating of Ba2, which is two notches below investment grade.   The rating agency stated that the proposed UAW agreement would help Ford maintain operating flexibility, fixed cost position, break-even point, and liquidity position … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Murphy Disposes U.S. Refinery Biz Posted: 07 Oct 2011 01:35 PM PDT Murphy Oil Corporation (NYSE:MUR) said its subsidiary, Murphy Oil USA, Inc., has completed the sale of The Superior Refinery to Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) for $214 million plus hydrocarbon inventories valued at $220 million, which are subject to certain adjustments. Murphy’s Superior refinery produces gasoline, diesel, asphalt, bunker fuel and specialty petroleum products that are marketed in the Midwest region of the United States, including the surrounding border states, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MWI Vet Clears Antitrust Hurdle Posted: 07 Oct 2011 01:15 PM PDT MWI Veterinary Supply Inc. (NASDAQ:MWIV) recently received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for the pending acquisition of Micro Beef Technologies, Ltd. The termination was granted by the Department of Justice and Federal Trade Commission. The expiration of the waiting period fulfills one of the closing conditions of the transaction, which is now expected to close by the end of October 2011. Earlier in September, MWI Vet entered into a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Markets Close Lower; Dow Jones Down 0.18% Posted: 07 Oct 2011 01:15 PM PDT Forexpros – U.S. stocks were down after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.18%, the S&P 500 index shed 0.82%, while the Nasdaq 100 index declined 0.69%. Earlier in the day, official data showed that U.S. non-farm payrolls rose more-than-expected to a seasonally adjusted 103K last month, from 57K in the preceding month whose figure was revised up from 0K. Analysts had expected U.S. non-farm payrolls to rise 53K last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DDR Restructures Portfolio Posted: 07 Oct 2011 01:10 PM PDT DDR Corp. (NYSE:DDR) recently announced that it has acquired three prime shopping centers for $110 million. Among the acquired properties, two prime assets are located in Charlotte, North Carolina, Cotswold Village and The Terraces at South Park and are worth $85 million while the other asset is located in Colorado and worth $25 million. In connection with these acquisitions, DDR assumed three existing mortgage loans for $50.8 million, $6.6 million and $9.6 million, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Launches IPhone 4S Posted: 07 Oct 2011 01:05 PM PDT Apple Inc. (NASDAQ:AAPL) launched its latest iPhone 4S, the fifth edition of its revolutionary smartphone. Though many Apple fans were expecting an iPhone 5, in October, iPhone 4S is likely to keep the company competitive in the smartphone market. iPhone 4S comes with a 3.5 inch high resolution screen (same as the earlier versions) and has its usual black and white casings. One of the key attractions of the new version is the 8 mega pixel camera which has an improved sensitivity light sensor and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kohl’s Comps Up, Trims Outlook Posted: 07 Oct 2011 01:05 PM PDT After a couple of declines, same-store sales at Kohl's Corporation (NYSE:KSS) went up 4.1% in the five-week period ended October 1, 2011 compared with an increase of 3.0% in the year-ago period. On a year-to-date basis, same-store sales increased 1.5% in October 2011. Total sales jumped 5.8% to $1.63 billion for the five-week period ended October 1, 2011 compared with an increase of 5.3% in the same period ended October 2, 2010. Further on a year-to-date basis, total sales increased 3.3% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Irony: Down With Evil Corporations Posted: 07 Oct 2011 01:02 PM PDT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rwanda Central Bank Lifts Rate 50bps To 6.50% Posted: 07 Oct 2011 12:55 PM PDT The National Bank of Rwanda raised its key repo rate 50bps to 6.50% from 6.00% previously, with the interbank interest rate corridor changing to 4.50-8.50% and the discount rate now 10.50%.  Bank Governor, Claver Gatete, said: “the real economic growth in Rwanda is likely to exceed the 7 percent initially projected for the year 2011.  It is expected to reach 8.8 percent whereas the inflation forecast is at 8.2 percent by end December 2011.  Considering these … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fred’s September Sales Meet Guidance Posted: 07 Oct 2011 12:50 PM PDT Same-store sales at Fred's Inc. (NASDAQ:FRED) climbed up 1.1% in the five-week period ended September 27, 2011, after posting flat same-store sales growth a year ago. Total sales for the month increased 1% to $170.5 million from $169.5 million in September 2010. September's comparable-store sales matched management's guidance on the back of strong customer traffic in the stores. Strong performance by the merchandise departments during September, driven by increased sales of Core 5 Pet, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Mixed In U.S. Afternoon Trade Posted: 07 Oct 2011 12:43 PM PDT Forexpros – Forexpros – The U.S. dollar was mixed against its major counterparts in U.S. trade Friday, as a lift from a better than expected labor report was tempered by an announced ratings downgrade for Spain and Italy. In afternoon U.S. trade, the greenback was higher against the euro, with EUR/USD falling 0.25% to hit 1.3403. On Friday, the U.S. Department of Labor announced that non-farm payrolls rose to a seasonally adjusted 103,000 in September, up from 57,000 the previous month. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Update On Sanofi’s Multaq Posted: 07 Oct 2011 12:40 PM PDT Sanofi-Aventis (NYSE:SNY) recently announced that the European Medicines Agency (EMA) confirmed the positive benefit-risk balance of its anti-arrhythmic medicine, Multaq. However, we note that the positive benefit-risk balance was confirmed for a limited patient population – patients suffering from paroxysmal and persistent atrial fibrillation. Moreover, the agency said that Multaq should be used only after other treatment options have been considered. Furthermore, Multaq is not recommended for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DuPont Starts Kevlar Facility Posted: 07 Oct 2011 12:40 PM PDT EI DuPont de Nemours & Co. (NYSE:DD) started a $500-million Kevlar para-aramid fiber plant in Cooper River, South Carolina. The plant, combined with a $50 million expansion at the existing Richmond, VA facility and productivity improvements at two other plants, will increase the global Kevlar capacity by 25%. DuPont expects Kevlar capacity to rise by 40% over the next two years, due to additional productivity improvements and new technology. The expansion was first announced in 2007. The new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Serbia Cuts A Further 50bps To 10.75% Posted: 07 Oct 2011 12:39 PM PDT The National Bank of Serbia cut its 2-week repo rate by another 50 basis points to 10.75% from 11.25% previously.  The Bank said: ”The Executive Board expects that inflation will continue to decline and that it will enter the target tolerance band in the first half of the next year. The future path of the key policy rate will depend on the achievement of projected inflation, and on the materialisation of risks, primarily those stemming from the international environment and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Default Inevitable — Sell Your Gold? Posted: 07 Oct 2011 12:29 PM PDT By Christopher Georgopoulos  What if, hypothetically, fear of a Greek default cannot be contained? What will be the aftermath to the markets? To gold?  In the prequel to this article (European Default Inevitable — Sell Your Gold?), I discussed the fact that safe-haven-seeking investors could be in for a surprise when they run to buy gold after a Greek default and find huge sellers in the form of European sovereign nations. That article focused on events that would occur if a Greek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SPWRA To Build McHenry Solar Farm Posted: 07 Oct 2011 12:20 PM PDT SunPower Corporation (SPWRA) announced that it plans to start the construction of the 25-megawatt McHenry Solar Farm in Modesto before the end of fiscal 2011. During the period of construction, the project is expected to create up to 144 construction jobs and also bring in approximately $18.7 million into the local economy. The plant will utilize the SunPower Oasis Power Plant product for electricity generation. The Oasis Power Plant product is a fully integrated, modular solar power block … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Erase Gains In Afternoon Trade; Dow Slips 0.07% Posted: 07 Oct 2011 12:12 PM PDT Forexpros – Forexpros – U.S. stocks moved lower in Friday trade, reversing course from early session gains prompted by a positive labor report, but dragged down in the afternoon session by a ratings downgrade to Spain and Italy. In late afternoon U.S. trade, the Dow Jones Industrial Average was down 0.07% to 11,121.80, the Nasdaq Composite Index lost 0.81% to 2,486.64, and the S&P 500 declined 0.63% to trade at 1,157.58. Wall Street shares got an early boost from a U.S. Department of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hercules Upgraded To Outperform Posted: 07 Oct 2011 12:10 PM PDT We are upgrading our recommendation on Hercules Technology Growth Capital (NASDAQ:HTGC) to Outperform on its better-than-expected second quarter results and renewed credit facilities. Second quarter distributable net operating income (DNOI) came in at 26 cents per share, a nickel ahead of the Zacks Consensus Estimate. Better-than-expected results were attributable to a substantial increase in total investment income and improved net realized and unrealized gain, partially offset by higher operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cell Therapeutics Efforts Validated Posted: 07 Oct 2011 12:05 PM PDT Cell Therapeutics (CTIC) received a major boost, and validation, when it announced that a second independent radiologic review of data from the pivotal trial PIX301 confirmed the statistical significance of response and progression endpoints of the study. PIX301 was the basis of the original new drug application (NDA) filed by Cell Therapeutics for approval of its lead pipeline candidate pixantrone. Pixantrone has been developed for the treatment of relapsed or refractory aggressive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Of Japan Monetary Policy Unchanged, Rate At 0-0.10% Posted: 07 Oct 2011 12:03 PM PDT The Bank of Japan held its uncollateralized overnight call rate unchanged at a range of 0 to 0.1% by a unanimous vote.  The Bank said “Japan’s economic activity has continued picking up.  Production and exports have continued to increase, although their paces have moderated after going through the recovery phase immediately following the quake-induced plunge… business fixed investment has been increasing moderately, and private consumption has been picking up on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Duration Deteriorates Posted: 07 Oct 2011 12:00 PM PDT Unemployment Duration Measures Deteriorate While this was generally a much better than expected unemployment report, it also contained some significant bad news. The number of people who have been out of work for more than six months continues to climb. Next week we should get the Job Openings and Labor Turnover Survey (JOLTS), which will tell how many people are getting laid off versus quitting and the actual number of new jobs created. The numbers today simply show the net difference … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Softer Market For Hard Drives Posted: 07 Oct 2011 11:50 AM PDT One of the most important components of modern-day consumer electronic devices, such as PCs, laptops, notebooks, tablets, pen drives, cameras or iPods often goes unsung. This is because storage capacity is such an essential part of these devices that we practically forget to see it separately as a component. But this sub-market, if you will, has been evolving too, with manufacturers striving to come out with advanced storage devices to suit varying customer needs. The computing segment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GD Plans Buyback, Wins Contract Posted: 07 Oct 2011 11:50 AM PDT General Dynamics Corporation (NYSE:GD) plans to repurchase up to 10 million shares of the company’s issued and outstanding common stock on the open market. In the first six months of 2011, the company repurchased 14.2 million of outstanding shares on the open market at an average price of $73 per share. At second quarter 2011 end, the company had approximately 5.8 million authorized shares remaining for repurchase. General Dynamics continues to deploy its cash to repurchase common stock, pay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Edges Higher In Afternoon U.S. Trade Posted: 07 Oct 2011 11:43 AM PDT Forexpros – Forexpros – The U.S. dollar moved higher against the Japanese yen in U.S. trade Friday, aided by better than expected U.S. labor returns and market instability provided by a ratings downgrade for Spain and Italy. In afternoon U.S. trade USD/JPY hit 76.91, the pair's highest since Tuesday; the pair subsequently consolidated at 76.80, rising 0.12%. The pair was likely to find support at 76.10, the low of September 22, and resistance at 77.27, Monday's high. On Friday, Fitch … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

State Bank Of Vietnam Raises Rate 100bps To 15.00% Posted: 07 Oct 2011 11:37 AM PDT The State Bank of Vietnam (SBV) increased the refinancing rate 100 basis points to 15.00% from 14.00% previously.  The overnight rate for interbank clearing operations also increase to 16% from 14%, and the rate on excess foreign currency reserves reduces to 0.05% from 0.1%.  The SBV said: “The adjustment of the above-mentioned interest rates mainly aims at ensuring the proper relationship between the SBV’s benchmark rates and SBV’s role as the last resort lender … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Generic Threat For Warner Chilcott Posted: 07 Oct 2011 11:35 AM PDT Warner Chilcott (NASDAQ:WCRX) recently announced that it received a paragraph IV patent certification notice from Zydus Pharmaceuticals USA Inc. regarding its drug Asacol HD (800 mg). The drug is indicated for treating patients suffering from moderately active ulcerative colitis. The notice informed Warner Chilcott that Zydus Pharmaceuticals had filed an abbreviated new drug application (ANDA) with the US Food and Drug Administration (FDA) seeking approval to manufacture and market a generic version … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Resistance Posted: 07 Oct 2011 11:31 AM PDT Cusick’s Corner There’s a healthy dose of skepticism into the Midday. The data was in-line this morning, some longs are cashing out especially with finance pulling back due to continued stress from the EU. There is also weight on the Small Caps, IWM/RUT, and this weakness is again showing that resistance is strong at this stage. The pullback after this move in the S&Ps, up 8.6% in 3 days, makes some sense going into the weekend — headline risk may increase going into earnings next week. I … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive’s Sept. Metrics Down Posted: 07 Oct 2011 11:20 AM PDT Earlier this week, Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment announced monthly brokerage data for September. The segment under review clears and settles trades globally for both individual and institutional clients. Interactive's total customer Daily Average Revenue Trades (DARTs) fell 7% from the prior month but surged 45% from the prior-year month to 510,000. However, total customer accounts for the month of September were 183,900, up 1% from 181,500 in August … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Today’s Employment Report Posted: 07 Oct 2011 11:10 AM PDT Scott Grannis points out today that “One of the healthiest features of this recovery continues: the public sector continues to lose jobs—about 600K since the recovery began. This is the most extended and the largest decline of public sector jobs since the 1980-82 recession. It is contributing to the unusually high and sticky unemployment rate, of course, but this is a good problem to have since the public sector had grown like Topsy in the years leading up to the last recession and needed to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Halliburton Takes Over Multi-Chem Posted: 07 Oct 2011 11:05 AM PDT Major oilfield services provider Halliburton Co. (HAL) has closed its previously announced acquisition of San Angelo, Texas-based privately held firm Multi-Chem Group LLC, a leading supplier of oilfield production and completion chemicals. The financial terms of the transaction, which was declared in September, were not disclosed. Management of Multi-Chem – that has provided chemicals and services to more than 30,000 oil and natural gas wells across North America – believes that this deal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Close Higher; DAX Rises 0.5% Posted: 07 Oct 2011 11:01 AM PDT Forexpros – Forexpros – European stocks posted modest gains in Friday trade, following encouraging labor data out of the U.S. and hopes for avoidance of a new global economic recession. At the end of Friday's European session, the STOXX 50 Index climbed 0.91% to 2,269.19, France's CAC 40 added 0.66% to 3,095.56, Britain's FTSE 100 rose 0.23% to 5,303.40, and Germany's DAX advanced 0.54% to close at 5,675.70. On Friday, the U.S. Department of Labor announced that non-farm payrolls … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSD Medical At Fire, Ice Symposium Posted: 07 Oct 2011 11:00 AM PDT Cancer treatment systems maker BSD Medical Corp. (NASDAQ:BSDM) reported that its MicroThermX Microwave Ablation System was showcased at the recent "Fire, Ice and Beyond" symposia. The innovative therapy system was featured at the Utah-based company's exhibition booth at the symposia, held in Las Vegas, Nevada. Recognized by the Accreditation Council for Continuing Medical Education, Fire, Ice and Beyond is an international oncology educational symposia. The event provided an insight into the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Adobe Eyes HTML5 Apps With Nitobi Posted: 07 Oct 2011 10:35 AM PDT Adobe SystemsInc. (NASDAQ:ADBE) has signed an agreement to acquire Nitobi Software, the creator of HTML5 mobile app framework, PhoneGap and PhoneGap Build. Financial terms of the deal were not disclosed. PhoneGap allows developers to build cross-platform mobile applications with HTML5 and JavaScript. Till date, PhoneGap's open source framework has been downloaded more than 600,000 times and thousands of applications have been built using PhoneGap on Android, iOS, BlackBerry and other operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Falls In Mid-day U.S. Trade Posted: 07 Oct 2011 10:32 AM PDT Forexpros – Forexpros – Crude oil futures moved lower in U.S. trade Friday, as a better than expected U.S. labor report was not enough to overcome stagnant figures for unemployment for the world's largest energy consumer. On the New York Mercantile Exchange light, sweet crude futures for November delivery traded at USD82.28 a barrel in mid-day U.S. trade, falling 0.36%, after hitting a daily high of USD84.00. On Friday, the U.S. Department of Labor announced that non-farm payrolls rose to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Employment, Participation Rates Rebound Posted: 07 Oct 2011 10:25 AM PDT While the unemployment rate (9.1% in September, unchanged on the month and down from 9.6% a year ago) gets the headlines, it is worth digging just a little bit deeper into that number. The unemployment rate is really the civilian participation rate divided by the employment rate, also known as the “employment population ratio.” The total population (over 15 years old) is divided into three groups: the employed, the unemployed and those not in the workforce. The participation rate (blue line in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls On The 1-2 Punch From Fitch Debt Rating Cut Of Italy And Spain Posted: 07 Oct 2011 10:22 AM PDT The 1.34077 level is the 50% of the move up from the June 2010 low a t 1.1876 to the high reached in May 2011 (at 1.4939).  The price is also below the trendline broken today at the 1.3443. This is now resistance for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Back Below 200 Hour MA At 1.3428. 1.3381-94 Next Target Area Posted: 07 Oct 2011 10:21 AM PDT The EURUSD is below the 200 hour MA on the Friday afternoon Fitch downgrade of Italy and Spain.  The level comes in at the 1.3428. The next target would be the 1.3381 to 1.3394 (see chart above). The EURUSD closed last Friday (4 pm close at 1.3394) and we are back to that level a week … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest To Raise Fresh Capital Posted: 07 Oct 2011 10:20 AM PDT Pipeline operator MarkWest Energy Partners L.P. (MWE) has commenced an underwritten public offering of 5,000,000 common units representing limited partner interests. The gathering and processing master limited partnership ("MLP") also intends to provide the underwriters with a 30-day option to purchase up to 750,000 additional common units to cover over-allotments, if any. MarkWest plans to use the net proceeds from this offering to pay back the outstanding debt under its revolving credit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Jobs Numbers Good…expectations Low” Posted: 07 Oct 2011 10:20 AM PDT 10/07/11 Mogavero, Lee & Co.’s Doreen Mogavero discusses the September jobs report and the downgrade of UK banks by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACAS Invests In Loan Financing Posted: 07 Oct 2011 10:15 AM PDT Yesterday, American Capital Ltd. (NASDAQ:ACAS) announced its plan to invest $15 million in order to support BMO Capital Markets’ syndication of $100 million Second Lien Term Loan financing. The loan financing will aid Teachers’ Private Capital to purchase the majority stake of Flexera Software, Inc. Flexera Software provides Application Usage Management and Installation software, which helps businesses to observe license compliance and tactically manage application usage. ACAS is a publicly traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘Occupy Wall Street’ Should ‘Occupy Washington’ Posted: 07 Oct 2011 09:53 AM PDT Is Wall Street the center of all the problems in America? Many of those involved in the "Occupy Wall Street' demonstrations may think so. I strongly believe that they are wrong. Those with a keen 'sense on cents' understand that Wall Street does embody part of our national problems. They also appreciate that the stench that overhangs Wall Street is far stronger and consistent with the incestuous odor emanating from Washington. As the slow motion train wreck which is our nation's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Inches Down In Early U.S. Trade Posted: 07 Oct 2011 09:49 AM PDT Forexpros – Forexpros – Gold futures traded fractionally lower in U.S. trade Friday, as U.S. payrolls showed a surprising jump last month but not enough to reduce the nation's unemployment rate. On the Comex division of the New York Mercantile Exchange, gold futures for October delivery traded at USD1,652.15 a troy ounce during early U.S. trade, slipping 0.05%, after hitting a high of USDS1,667.85. On Friday, the U.S. Department of Labor announced that non-farm payrolls rose to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Extends Rally On Jobs Data, Risk Appetite Posted: 07 Oct 2011 09:30 AM PDT 10/07/11 The euro continued its rally htis afternoon against the dollar led by risk appetite on strong jobs data out of the United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rises On Positive Jobs Data Posted: 07 Oct 2011 03:00 AM PDT 10/07/11 Front month crude prices continued to rise this afternoon following another round of positive jobs data out of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Monday, October 10, 2011 Posted: 07 Oct 2011 06:03 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Monday, October 10, 2011 The top 40 ETFs by net assets In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AGG – iShares Lehman Aggregate Bd Fd 109.23 − 0.20 109.48 109.60 Bearish BND – Vanguard Total Bond Market ETF 83.08 − 0.22 83.26 83.37 Bearish DBC – DB Commodity Index Tracking Fd 26.35 − 0.45 26.15 26.03 Bullish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Monday, October 10, 2011 Posted: 07 Oct 2011 06:03 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Monday, October 10, 2011 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 9.71 − 1.72 9.60 9.47 Bullish AXP – American Express Company 43.43 − 2.25 43.65 43.40 Neutral BA – Boeing Co 61.81 + 0.54 60.84 60.56 Bullish BAC – Bank of America Corporation 5.90 − 6.05 5.94 5.79 Neutral CAT – Caterpillar Inc 75.52 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Monday, October 10, 2011 Posted: 07 Oct 2011 06:03 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Monday, October 10, 2011 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Dec ESZ1 1155.00 − 0.22 1144.33 1129.83 Bullish Dow Jones – Dec YMZ1 11066 + 0.18 10944 10853 Bullish Nasdaq – Dec NQZ1 2201.75 − 0.14 2182.00 2153.25 Bullish Russell – Dec TFZ1 655.80 − 2.09 657.66 642.67 Neutral INTEREST RATES US T-Bond – Dec ZBZ1 141-10 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Monday, October 10, 2011 Posted: 07 Oct 2011 06:03 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Monday, October 10, 2011 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 0.9764 + 0.17 0.9702 0.9677 Bullish EURUSD – Euro / US Dollar 1.3379 − 0.43 1.3375 1.3349 Bullish GBPUSD – British Pound / US Dollar 1.5559 + 0.75 1.5466 1.5492 Bullish USDCAD – US Dollar / Canadian Dollar 1.0390 + 0.16 1.0404 1.0427 Bearish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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