DailyMarkets.com - AES Clears Last Hurdle For Merger
DailyMarkets.com - AES Clears Last Hurdle For Merger |
- AES Clears Last Hurdle For Merger
- Hot Option Plays: Market Bounces
- Hot Option Plays: Bears Slept In Late
- Hot Option Plays: Buyers Wanted
- Forex Trading: EURCHF Moves Toward 200 Day MA At 1.2241 And Finds Early Buyers
- Earning Scorecard: DIRECTV
- FDA Approves BSX Promus Element
- Mogavero: “Europe Is The Wild Card”
- Mediocre 4Q For H-P
- School Specialty’s Profit Drops
- Windstream-PAETEC Pact Gets FCC Nod
- Forex – USD/JPY Up During The U.S. Session
- Digital Realty Leases In Australia
- National Oilwell Varco Ups Payout
- Bon-Ton Disappoints, Trims Outlook
- European Markets Close Lower; Dax Down 1.44%
- FDIC List Shrinks, Earnings Soar
- Affymetrix Retained At Neutral
- Dell To Overshadow H-P Servers
- TiVo’s Loss Continues To Widen
- Raven Matches Zacks Estimates
- Mitsubishi UFJ Initiated At Neutral
- Another Dip In Crude
- Manufacturing Boosts October Trucking Tonnage
- Euro Sinks On Germany
- Deere Tops Estimates
- New Credit Facility For Host Hotels
- Rating Action On AXIS Capital
- Turkish Central Bank Holds Repo Rate At 5.75%
- Covidien Snaps Up BARRX Medical
- Fortune 500 Firms In 1955 Vs. 2011; 87% Are Gone
- Forex Trading: EURUSD Moves Toward The Bottom Trendline On The Daily Chart
- Forex Trading: EURUSD Bounces Off The Daily Trendline On First Test.
- Timeshare Goes Independent
- Risk-Reward Balanced At Dendreon
- Natural Gas Futures Tumble Ahead Of U.S. Supply Data
- Wall Street Slides Ahead Of Holiday
- There Is No Money Pile To Be Shared Equally
- Forex – Dollar Extends Broad Gains On Euro Crisis Fears
- Crude Oil Remains Sharply Lower After U.S. Inventory Data
- Forex – GBP/USD Extends Losses Amid Widespread Risk Aversion
- Forex – EUR/USD At 6-week Low As Euro Zones Woes Weigh
- U.S. Stocks Tumble As EU Debt Fears Weigh; Dow Drops 1.5%
- EU Data Leads Global Equity Plunge
| AES Clears Last Hurdle For Merger Posted: 23 Nov 2011 11:50 AM PST The AES Corporation (NYSE:AES) announced that it has received approval from the Public Utilities Commission of Ohio (PUCO) for its acquisition of DPL Inc. (NYSE:DPL). The transaction is expected to close as early as November 28, 2011.
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| Hot Option Plays: Market Bounces Posted: 23 Nov 2011 11:40 AM PST Cusick’s Corner
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| Hot Option Plays: Bears Slept In Late Posted: 23 Nov 2011 11:40 AM PST Cusick’s Corner
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| Hot Option Plays: Buyers Wanted Posted: 23 Nov 2011 11:40 AM PST Cusick’s Corner
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| Forex Trading: EURCHF Moves Toward 200 Day MA At 1.2241 And Finds Early Buyers Posted: 23 Nov 2011 11:39 AM PST As the EURUSD moved lower today, so has the EURCHF. The pair has reached a low at the 1.2258 level. The 200 day moving average is at the 1.2241 level. The 50% of the move up from the low – post intervention – comes in at the 1.22459 level. Currently, the price is finding buyers against the level. However, a break below these levels should increase selling pressure in the pair.
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| Posted: 23 Nov 2011 11:35 AM PST DIRECTV (NASDAQ:DTV), the largest satellite TV operator of the U.S., reported excellent third quarter 2011 financial results, where both earnings per share (EPS) and total revenue beat the Zacks Consensus Estimates. The solid result was attributable to double-digit revenue growth, significant margin expansion and record net customer additions.
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| FDA Approves BSX Promus Element Posted: 23 Nov 2011 11:35 AM PST In a major breakthrough, Boston Scientific (NYSE:BSX) received approval from the US Food and Drug Administration (FDA) for Promus Element stent, the company's next generation drug-eluting stent (DES) technology. The company plans to launch the product in the US shortly. This approval comes well ahead of the company's original expectation of a US launch in mid-2012.
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| Mogavero: “Europe Is The Wild Card” Posted: 23 Nov 2011 11:30 AM PST 11/23/11 Mogavero, Lee & Co.’s Doreen Mogavero dissects the latest EU woes and mixed economic data. Prospects for a Santa Claus rally are discussed ahead of the first trading week of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 11:20 AM PST Hewlett-Packard Company (NYSE:HPQ) reported fourth quarter 2011 earnings per share (EPS) of $1.17, above the Zacks Consensus Estimate of $1.13. In the after market trade, the company's share price fell 2.27% due to lackluster revenue and weak sequential outlook.
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| School Specialty’s Profit Drops Posted: 23 Nov 2011 11:05 AM PST Amid sluggish economic environment School Specialty Inc. (NASDAQ:SCHS) posted soft second-quarter 2012 results citing lower-than-expected sales trends in the education industry with school construction and modernization projects being either cancelled or postponed. These compelled management to trim its outlook for fiscal 2012.
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| Windstream-PAETEC Pact Gets FCC Nod Posted: 23 Nov 2011 10:50 AM PST Windstream Corporation (NYSE:WIN), a fixed-line voice and DSL Internet service provider has won the approval of Federal Communications Commission (FCC) for the acquisition of PAETEC Holding Corp. (NASDAQ:PAET). The company also stated that it has received all the required regulatory approvals and expects this deal to close by December1, 2011.
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| Forex – USD/JPY Up During The U.S. Session Posted: 23 Nov 2011 10:45 AM PST Forexpros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Initial Jobless Claims. USD/JPY was trading at 77.37, up 0.52% at time of writing. The pair was likely to find support at 76.58, Friday's low, and resistance at 77.58, today's high. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Digital Realty Leases In Australia Posted: 23 Nov 2011 10:30 AM PST Digital Realty Trust Inc. (NYSE:DLR), a niche real estate investment trust (REIT), has recently signed a long-term lease agreement with National Australia Bank for a 5,000 square meter data center facility housed in the first of two buildings at its newly acquired development site in Melbourne, Australia. The data center facility, scheduled for completion in early 2013, would be one of the two Digital Realty Tier 3 certified data centers in the offing in Australia, the other being developed at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| National Oilwell Varco Ups Payout Posted: 23 Nov 2011 10:20 AM PST Oilfield services company National Oilwell Varco (NOV) raised its quarterly cash dividend to 12 cents per share (48 cents per share annualized), representing an increase of approximately 9% over the previous payout. The new dividend is payable on December 16, to shareholders of record as of December 2, 2011.
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| Bon-Ton Disappoints, Trims Outlook Posted: 23 Nov 2011 10:05 AM PST Bon-Ton Stores Inc. (NASDAQ:BONT) reported a loss of $1.21 per share in the third quarter of 2011, much wider than the Zacks Consensus Estimate of break-even results and the year-ago quarter loss of 36 cents. The lower-than-expected results were due to sluggish traffic, resulting in a 5.9% drop in the same-store sales.
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| European Markets Close Lower; Dax Down 1.44% Posted: 23 Nov 2011 10:05 AM PST Forexpros – European stocks were down after the closing bell on Wednesday. At the close of European trade, Germany's DAX fell 1.44%, London's FTSE 100 shed 1.29%, France's CAC 40 declined 1.68% and the EURO STOXX 50 was down 1.87%. Earlier in the day, official data showed that U.S. Initial Jobless Claims rose more-than-expected to a seasonally adjusted 393K last week from 391K in the preceding week whose figure was revised up from 388K. Analysts had expected Initial Jobless Claims to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| FDIC List Shrinks, Earnings Soar Posted: 23 Nov 2011 09:55 AM PST The number of banks on the Federal Deposit Insurance Corporation's (FDIC) list of problem institutions saw a sharp decline for the second straight quarter to 844 in the July-September period from 865 in the preceding sequential period, federal regulators reported Tuesday. This represents the second quarterly drop since 2006.
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| Affymetrix Retained At Neutral Posted: 23 Nov 2011 09:50 AM PST We reaffirm our Neutral rating on genetic products maker Affymetrix (NASDAQ:AFFX) following its lackluster third-quarter fiscal 2011 results. Its loss per share for the quarter was higher than the Zacks Consensus Estimate.
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| Dell To Overshadow H-P Servers Posted: 23 Nov 2011 09:40 AM PST Tech major Dell Inc. (NASDAQ:DELL) is looking to grow its share of the server market, something that could hurt Hewlett-Packard Co. (NYSE:HPQ) in the longer term. Dell missed its chance of becoming the leading PC shipment vendor after H-P's PC segment spin-off was called off by current CEO Meg Whitman.
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| TiVo’s Loss Continues To Widen Posted: 23 Nov 2011 09:30 AM PST TiVo Inc. (NASDAQ:TIVO), a developer of advanced television services including digital video recorders (DVR), reported loss per share of 21 cents in the third quarter of 2012, narrower than the Zacks Consensus Estimate of a loss of 23 cents. However, the reported loss widened from the year-ago quarter's loss of 18 cents per share.
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| Posted: 23 Nov 2011 09:30 AM PST Raven Industries Inc. (NASDAQ:RAVN) delivered earnings of 63 cents per share in its fiscal third quarter 2012 ended July 31, 2011, at par with the Zacks Consensus Estimate but declining 3% from the 65 cents earned in the year-ago quarter.
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| Mitsubishi UFJ Initiated At Neutral Posted: 23 Nov 2011 09:30 AM PST We are initiating our coverage on Mitsubishi UFJ Financial Group Inc. (NYSE:MTU) with a Neutral recommendation. The company provides broad range of domestic and international financial operations to individual and corporate customers. Mitsubishi UFJ is very active in emerging markets for expansion though the global economy remains susceptible to economic and political developments.
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| Posted: 23 Nov 2011 04:30 AM PST 11/23/11 Front month crude prices have fallen to trade just above $95 a barrel as the euro currency continues to while weak economic data out of Europe has once again weighed on global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Manufacturing Boosts October Trucking Tonnage Posted: 23 Nov 2011 09:26 AM PST ARLINGTON, VA — “The American Trucking Associations' advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.5% in October after rising a revised 1.5% in September 2011. The latest gain put the SA index at 116.3 (2000=100) in October, up from the September level of 115.8. Compared with October 2010, truck tonnage was up 5.7% following an increase in September of 5.8% above a year earlier. Further, October's tonnage reading was just 4.4% below the index's all-time high … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 04:25 AM PST 11/23/11 The euro is trading at session lows against the dollar this afternoon as a series of weak economic reports out of Germany and one of the weakest German treasury auctions since the launch of the euro kept investors away from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 09:20 AM PST Deere & Co. (NYSE:DE) delivered earnings of $1.62 per share in its fourth quarter ended October 31, 2011, comfortably exceeding the Zacks Consensus Estimate of $1.44. Results were 51% ahead of $1.07 earned in the year-ago quarter. The outperformance was largely driven by strong demand for farm machinery as well as increased sales of construction equipment.
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| New Credit Facility For Host Hotels Posted: 23 Nov 2011 09:20 AM PST Host Hotels & Resorts Inc. (HST) recently announced that it has closed a new $1 billion revolving credit facility, which represents a $400 million increase from its existing facility, maturing September 2012. The company also has an option to increase the principal amount of the new facility by an additional $500 million, thus extending the total amount to $1.5 billion.
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| Posted: 23 Nov 2011 09:05 AM PST A.M. Best has reiterated the issuer credit ratings (ICR) of 'bbb+' and all the existing debt ratings of AXIS Capital Holdings Limited (NYSE:AXS). The outlook was however upgraded to positive from stable. The rating agency also reiterated the financial strength rating (FSR) of A (Excellent) and ICR of 'a+' of AXIS Specialty Limited (subsidiary of AXIS Capital Holdings) and its operating affiliates. The outlook was upgraded to positive from stable.
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| Turkish Central Bank Holds Repo Rate At 5.75% Posted: 23 Nov 2011 08:52 AM PST The Central Bank of the Republic of Turkey held its benchmark 1-week repo rate at 5.75%. The Bank said: “Recent data releases suggest that the rebalancing between the domestic and external demand is ongoing as envisaged. With the credit growth decelerating to more reasonable levels, the desired increase in private savings has already started to take place. Accordingly, the improvement in the current account balance is expected to become more significant in the final … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Covidien Snaps Up BARRX Medical Posted: 23 Nov 2011 08:50 AM PST Leading health care products maker Covidien (NYSE:COV) is buying California-based privately held BARRX Medical in a bid to bolster its presence in gastrointestinal diseases therapy space.
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| Fortune 500 Firms In 1955 Vs. 2011; 87% Are Gone Posted: 23 Nov 2011 08:50 AM PST What do the companies in these three groups have in common? Group A. American Motors, Studebaker, Detroit Steel, Maytag and National Sugar Refining. Group B. Boeing, Campbell Soup, Deere, IBM and Whirlpool. Group C. Cisco, eBay, McDonald’s, Microsoft and Yahoo. All the companies in Group A were in the Fortune 500 in 1955, but not in 2011. All the companies in Group B were in the Fortune 500 in both 1955 and 2011. All the companies in Group C were in the Fortune 500 in 2011, but not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Moves Toward The Bottom Trendline On The Daily Chart Posted: 23 Nov 2011 08:42 AM PST The EURUSD is trading at the lows for the day and moves closer to the target support trendline on the daily chart. The level comes in at the 1.3325 today. The price has tested the line 3 separate occasions over the last month of trading. The bias is to the downside on this chart but with support looming, there should be some profit takers against the level.
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| Forex Trading: EURUSD Bounces Off The Daily Trendline On First Test. Posted: 23 Nov 2011 08:42 AM PST As per the prior post, the EURUSD has found profit taking buyers against trendline support on the daily chart on its first test. The pair is not out of the woods yet (the trend is still in tact), but with the bounce off the 1.3325 level, it is a sign that profit takers are finding the level too key to pass up (they can sell and re-establish on a break anyway).
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| Posted: 23 Nov 2011 08:40 AM PST Marriott International Inc. (NYSE:MAR) has completed the spin-off of its Timeshare business into a new publicly traded company. Marriott also announced that the new corporate name of its vacation club business will now be Marriott Vacations Worldwide Corporation. Its shares are being distributed tax-free to Marriott International shareholders.
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| Risk-Reward Balanced At Dendreon Posted: 23 Nov 2011 08:20 AM PST We have maintained a Neutral rating on Dendreon Corporation (NASDAQ:DNDN) with a target price of $8.75 following appraisal of third quarter 2011 results.
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| Natural Gas Futures Tumble Ahead Of U.S. Supply Data Posted: 23 Nov 2011 08:14 AM PST Forexpros – Natural gas futures were down sharply on Wednesday, trading at a two-day low as investors awaited the release of key data on U.S. natural gas inventories later in the day. On the New York Mercantile Exchange, natural gas futures for delivery in December traded at USD3.362 per million British thermal units during U.S. morning trade, tumbling 1.55%. It earlier fell by as much as 1.8% to trade at USD3.356 per million British thermal units, the lowest since November 21, when prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wall Street Slides Ahead Of Holiday Posted: 23 Nov 2011 08:10 AM PST 11/23/11 US stocks extended losses ahead of Thanksgiving Day.
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| There Is No Money Pile To Be Shared Equally Posted: 23 Nov 2011 07:54 AM PST From Walter Williams: “Class warfare thrives on ignorance about the sources of income. Listening to some of the talk about income differences, one would think that there’s a pile of money meant to be shared equally among Americans. Rich people got to the pile first and greedily took an unfair share. Justice requires that they “give back.” Or, some people talk about unequal income distribution as if there were a dealer of dollars. The reason some people have millions or billions of dollars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Extends Broad Gains On Euro Crisis Fears Posted: 23 Nov 2011 07:47 AM PST Forexpros – The U.S. dollar added to broad gains against its major counterparts on Wednesday, as concerns that the debt crisis in the euro zone is spreading to core economies weighed on demand for riskier assets and boosted the greenback. During U.S. morning trade, the dollar was sharply higher against the euro, with EUR/USD tumbling 1.10% to hit 1.3355. Germany's Treasury auctioned just EUR3.64 billion of 10-year government bonds with the average yield set at 1.98% in an auction earlier. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Remains Sharply Lower After U.S. Inventory Data Posted: 23 Nov 2011 07:46 AM PST Forexpros – Crude oil futures held on to sharp losses on Wednesday, shrugging off a report showing that U.S. crude supplies declined significantly last week, as market sentiment continued to be dominated by fears that the debt crisis in the euro zone was worsening. On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD95.78 a barrel during U.S. morning trade, tumbling 2.3%. It earlier fell by as much as 2.6% to trade at USD95.38 a barrel, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Extends Losses Amid Widespread Risk Aversion Posted: 23 Nov 2011 07:25 AM PST Forexpros – The pound extended losses against the U.S. dollar amid widespread risk aversion on Wednesday, as concerns over the deepening debt crisis in the euro zone and lackluster U.S. data clouded the outlook. GBP/USD hit 1.5529 during U.S. morning trade, the pair's lowest since October 10; the pair subsequently consolidated at 1.5527, shedding 0.65%. Cable was likely to find support at 1.5421, the low of October 7 and resistance at 1.5655, the days high. Concerns that the euro zone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD At 6-week Low As Euro Zones Woes Weigh Posted: 23 Nov 2011 07:23 AM PST Forexpros – The euro remained sharply lower against the U.S. dollar on Wednesday, trading at a six-week low after weak investor demand at a German bond auction added to fears that the euro zone debt crisis is spreading to core economies. EUR/USD hit 1.3361 during U.S. morning trade, the pair's lowest since October 6; the pair subsequently consolidated at 1.3369, tumbling 1%. The pair was likely to find support at 1.3259, the low of October 5 and resistance at 1.3530, the days high. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Tumble As EU Debt Fears Weigh; Dow Drops 1.5% Posted: 23 Nov 2011 07:21 AM PST Forexpros – U.S. stock markets were sharply lower after the open on Wednesday, as investors shunned riskier assets amid concerns the euro zone's sovereign debt crisis was worsening. During early U.S. trade, the Dow Jones Industrial Average tumbled 1.5%, the S&P 500 index plunged 1.7%, while the Nasdaq Composite index dropped 1.65%. Concerns over the euro zone's debt crisis intensified after Germany's Treasury auctioned just EUR3.64 billion of 10-year government bonds with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| EU Data Leads Global Equity Plunge Posted: 23 Nov 2011 01:15 AM PST 11/23/11 NYFP’s Morning Market Brief: A flurry of weak economic reports out of Europe, especially Germany, paved the way for a session of steep declines for the global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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