Wednesday, November 9, 2011

DailyMarkets.com - Capital One Launches New Spark Business Credit Cards

DailyMarkets.com - Capital One Launches New Spark Business Credit Cards

Capital One Launches New Spark Business Credit Cards

Posted: 09 Nov 2011 07:34 AM PST

Capital One (NYSE:COF) has recently relaunched its new Spark business credit cards and upgraded them to offer even better rewards than they used to. Some of these new Spark Capital One business credit cards offer 2% cash back or 2 miles per dollar on every purchase you make with the card, and some also offer an introductory APR on purchases.

From now on, all Capital One business credit cards come with up to 25 free employee credit cards linked to your account. Even if you have many cardholders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lower Production Vs. Weak Exports On Traders’ Radar For USDA Report

Posted: 09 Nov 2011 06:35 AM PST

Wednesday, November 9, 2011
Soybean prices may remain under pressure, as both fundamentals and technicals seem to be favoring the bears. Some traders who are expecting for Soybean prices to fall may wish to consider exploring the purchase of a bear put spread in Soybean futures options. For example, with January Soybeans trading at 1211.00 as of this writing, the January 1200 puts could be bought and the January 1150 puts sold for 16 ½ cents, or $825 per spread, not including commissions. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Activision Beats, Guides Higher

Posted: 09 Nov 2011 06:16 AM PST

Activision Blizzard Inc.'s (NASDAQ:ATVI) fiscal third quarter 2011 results surpassed the Zacks Consensus Estimate on both top and bottom lines. Activision's earnings per share (EPS) came in at 6 cents (including stock based compensation but excluding one time items), well ahead of the Zacks Consensus Estimate and management's guidance, both of which were pegged at 1 cent.
However, EPS slumped 45.5% year over year, primarily due to fewer large-scale game releases during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Polaroid’s New Instant Digital Camera, A Portable Digital Photo Booth

Posted: 09 Nov 2011 06:12 AM PST

Coolest Gadgets — “The $300 Polaroid Z340 is said to boast of a full-function 14-megapixel digital camera as well as a built-in ZINK printer, delivering a whole new twist on the instant experience. This camera enables you to customize each individual photo between the snap and share process, turning it into a portable digital photo booth, now how about that? You will be able to deliver such images from a file to print in under a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Amylin Pharmaceuticals, Alliant Techsystems, Activision Blizzard, Inc, Blackrock World Investment Trust, China Automotive Systems, Dynegy, Eli Lilly And Company, Landry’s Restaurants, McCormick & Schmick’s Seafood Restaurants, Signet Jewelers Limited, Varian Semiconductor Equipment Associates

Posted: 09 Nov 2011 06:11 AM PST

    Activision Blizzard (NASDAQ:ATVI) posted Q3 EPS of $0.07, surpassing the Zacks Consensus Estimate of $0.02 per share. Revenues for the quarter came in at $754 million

    China Automotive (NASDAQ:CAAS) reported Q3 EPS of $0.10, lower than the Zacks Consensus Estimate of $0.15 per share. Revenues for the quarter fell 1.4% year-over-year to $75 million

    Landry's Restaurants, Inc (NYSE:LNY) announced that it will acquire seafood-restaurant chain,  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Losses Continue At St Joe

Posted: 09 Nov 2011 06:05 AM PST

The St. Joe Company (NYSE:JOE), a publicly held real estate company, reported a net loss of $2.4 million or 3 cents per share in third quarter 2011 compared with a net loss of $13.1 million or 14 cents in the year-earlier quarter.
For the third quarter of 2011, total revenue stood at $26.7 million compared with $27.1 million in the year-ago quarter. Total revenue for the reported quarter were well ahead of the Zacks Consensus Estimate of $21 million.
By segment, St. Joe generated $16.6 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

N.Dakota Oil Continues Exponential Growth And Is On Pace To Become The No. 2 Oil State In January

Posted: 09 Nov 2011 05:55 AM PST

In just a little more than two years, oil production in North Dakota has doubled from 232,000 barrels per day in August 2009 to a new record-high 464,000 barrels per day in September of this year, according to data released yesterday by the state’s Department of Mineral Resources (see chart above).  September’s record-setting oil production was 4.5% above the previous month and 35% above the year-ago level.  The number of wells producing oil in the Peace Garden State also reached a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Sinks On Euro Debt Crisis Fears, Gold Looks On To Bernanke

Posted: 09 Nov 2011 05:52 AM PST

Talking Points

Crude Oil Sinking as Euro Debt Crisis Sets Off Risk Aversion Anew
Gold Looks to Ben Bernanke Speech for Clues on QE3 Possibility

WTI Crude Oil (NY Close): $96.80 // +1.28 // +1.34%
Crude oil prices are sinking as S&P 500 stock index futures point over 2 percent lower ahead of the opening bell on Wall Street, arguing for more of the same as Wall Street comes online. The selloff comes as the boost to risk appetite following news that Italy's Prime Minister Silvio Berlusconi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nelnet Beats Estimate

Posted: 09 Nov 2011 05:50 AM PST

Nelnet Inc.(NYSE:NNI) reported third-quarter 2011 earnings per share of $1.22, eleven cents ahead of the Zacks Consensus Estimate but down from the prior-year quarter's earnings by a penny.
Nelnet's results reflected the benefits from the diversification of revenue through fee-based businesses. Provisions for loan losses as well as expenses also dropped during the quarter. However, a fall in investment interest income was the downside.
On a GAAP basis, Nelnet's third-quarter net income stood … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Tumbles To 2-week Low As Italian Debt Fears Weigh

Posted: 09 Nov 2011 05:41 AM PST

Forexpros – The euro tumbled to a two-week low against the yen on Wednesday, after Italian bond yields climbed above 7%, a level which is widely perceived as unsustainable, bolstering demand for safe haven assets.

EUR/JPY hit 105.57 during European afternoon trade, the pair's lowest since October 26; the pair subsequently consolidated at 105.83, tumbling 1.54%.

The pair was likely to find support at 104.74, the low of October 26 and resistance at 107.58, the days high.

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

Canadian NHPI Rises In Line With Expectations

Posted: 09 Nov 2011 05:36 AM PST

Forexpros – Canadian new house prices rose broadly in line with expectations in September, official data showed on Wednesday.

In a report, Statistics Canada said its new housing price index rose by 0.2% in September, in line with market expectations.

New house prices rose by an unrevised 0.1% in August.

The metropolitan region of Toronto and Oshawa was the top contributor to the increase in September.

Year over year, the NHPI was up 2.3% in September following similar increases in July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Micromet Loss Widens, Revs Let Down

Posted: 09 Nov 2011 05:35 AM PST

Micromet Inc.'s (NASDAQ:MITI) third quarter 2011 loss per share came in at 21 cents (after adjusting for the change in fair value of warrants), wider than the year-ago loss of 13 cents per share (also adjusting for the change in fair value of warrants). Lower-than-expected revenues led to the wider loss in the quarter. The loss was, however, a cent narrower than the Zacks Consensus Estimate of a loss of 22 cents.
Quarterly Details
Revenues at Micromet were down almost 33% from the prior-year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Corrects Part Of Trend Move But Fails

Posted: 09 Nov 2011 05:34 AM PST

The EURUSD retraced 50% of the last leg to the downside in the EURUSD and in the process moved above the 1.3652 area which was a key level on the daily chart (see daily chart below).  The move higher was not sustainable however, and the price started another run to the downside. The move lower is now back below the 1.3635 level which was the low on November 2nd. The low for the day and the month at the 1.3617 and 1.3607 are the next targets for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Futures Tumble On Italy Fears, India Export Outlook

Posted: 09 Nov 2011 05:24 AM PST

Forexpros – Sugar futures fell sharply on Wednesday, as growing fears over Italy's debt crisis and speculation of higher Indian export supplies dragged down prices.

On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2548 a pound during European afternoon trade, tumbling 2.58%.

It earlier fell by as much as 2.7% to trade at a daily low of USD0.2545 a pound.

Agricultural commodities continued to be affected by outside influences after the yield on Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McDermott Beats Revenue, Not EPS

Posted: 09 Nov 2011 05:17 AM PST

Energy-focused engineering and construction company McDermott International (NYSE:MDR) has reported mixed third quarter 2011 performance based on improved sales and steeper operating costs.
The company reported earnings per share from continuing operations of 4 cents in the quarter, lagging the Zacks Consensus Estimate of 13 cents and plunging 84.6% from 26 cents earned in the prior-year quarter. The underperformance can be attributed to weaker marine operations in the Middle East business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Power Of The Blog: Local Blog In Fullerton CA Broke A Story Leading To Police Murder Charges

Posted: 09 Nov 2011 05:07 AM PST

Reason.tv — “The pretrial hearing for excessive force and murder charges filed against Officer Manuel Ramos and Cpl. Jay Cicinelli in the death of Kelly Thomas begins November 4, 2011. Thomas was a 37 year old schizophrenic drifter who was beaten to death by officers at a Fullerton, California, bus depot in July 2011 .

The charges came down after multiple headlines were made, not by local media, but by a local small-government blog in Fullerton called Friends for Fullerton's Future . … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amdocs In Line, Guides Low

Posted: 09 Nov 2011 05:06 AM PST

Yesterday, after market close, Amdocs Limited (NYSE:DOX) declared its financial results for the fourth quarter of fiscal 2011, in line with the Zacks Consensus Estimate. However, Amdocs provided a weak financial outlook for the ensuing first quarter of fiscal 2012, primarily due to economic volatility in Europe.  
Quarterly net income, on a GAAP basis, was $87.4 million or 49 cents per share compared with a net income of $94.7 million or 48 cents per share in the prior-year quarter. Adjusted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Plunge On Italian Debt Woes; DAX Drops 2.97%

Posted: 09 Nov 2011 04:53 AM PST

Forexpros – European stock markets extended losses on Wednesday, after Italian borrowing costs surged to euro-era highs, adding to concerns over the country’s financial woes and the handling of the region’s debt crisis.

During European morning trade, the EURO STOXX 50 tumbled 2.59%, France's CAC 40 dropped 2.26%, while Germany's DAX 30 declined 2.97%.

Market sentiment was strongly hit after a Paris-based clearing house hiked the margin call on Italian bonds, sending the yield on Italian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Rallies Vs. Rivals As Italy Fears Sink Euro

Posted: 09 Nov 2011 04:23 AM PST

Forexpros – The U.S. dollar rallied against most of its major counterparts on Wednesday, after Italian borrowing costs rose to unsustainable levels, exacerbating concerns over the debt crisis in the single currency bloc.

During European early afternoon trade, the dollar was sharply higher against the euro, with EUR/USD tumbling 1.43% to hit 1.3634.

The euro was sold off as the yield on Italian 10-year bonds and two-year bonds climbed above the 7% threshold, which preceded bailouts for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Hits 3-day Low As Italian Bond Yields Jump

Posted: 09 Nov 2011 04:08 AM PST

Forexpros – The pound tumbled to a three-day low against the U.S. dollar on Wednesday, after Italian borrowing costs surged to euro-era highs, adding to concerns over the country’s financial woes.

GBP/USD hit 1.5956 during late European morning trade, the pair’s lowest since November 4; the pair subsequently consolidated at 1.5958, dropping 0.80%.

The pair was likely to find support at 1.5875, the low of November 3 and resistance at 1.6165, the high of October 31.

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

U.S. Futures Drop On Italian Debt Concerns; Dow Jones Down 1.93%

Posted: 09 Nov 2011 03:49 AM PST

Forexpros – U.S. stock futures were sharply lower on Wednesday as investor confidence was dampened after Italian borrowing costs surged to euro-era highs, adding to concerns over the country’s debt crisis.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a drop of 1.93%, S&P 500 futures signaled a 2.42% decline, while the Nasdaq 100 futures indicated a 2.18% loss.

Market sentiment was hit after Paris-based clearing house hiked the margin call on Italian bonds, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybeans Fall To 6-day Low On Italy Fears, USDA Report Eyed

Posted: 09 Nov 2011 03:45 AM PST

Forexpros – Soybean futures slumped to a six-day low on Wednesday, as mounting fears over Italy's debt crisis promoted investors to shun riskier assets while markets awaited a key monthly report on U.S. and global soybean supplies.

On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD11.9663 a bushel during European morning trade, dropping 0.65%.

It earlier fell by as much as 0.92% to trade at USD11.9375 a bushel, the lowest price since November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Tumbles As Italian Bond Yields Hit 7%

Posted: 09 Nov 2011 03:28 AM PST

Forexpros – The euro tumbled against the U.S. dollar on Wednesday, falling more than 1% after the yield on Italian 10-year government bonds rose above 7%, a level widely perceived as unsustainable, exacerbating concerns over the country's financial crisis.

EUR/USD hit 1.3630 during European late morning trade, the pair's lowest since November 1; the pair subsequently consolidated at 1.3629, tumbling 1.47%.

The pair was likely to find support at 1.3564, the low of November 1 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Futures Turn Lower After Italian Bond Yields Surge

Posted: 09 Nov 2011 03:19 AM PST

Forexpros – Copper futures erased gains on Wednesday, slumping to a six-day low as fears over Italy's debt woes intensified after Italian bond yields soared above the critical 7% level.

On the Comex division of the New York Mercantile Exchange, copper futures for December delivery traded at USD3.478 a pound during European morning trade, tumbling 1.57%.

It earlier fell by as much as 1.75% to trade at USD3.471 a pound, the lowest price since November 1.

The 10-year Italian government bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Rallies As Italian Borrowing Costs Soar

Posted: 09 Nov 2011 03:07 AM PST

Forexpros – The U.S. dollar rallied against the Swiss franc on Wednesday, as Italian borrowing costs surged to euro-era highs exacerbating concerns over the country’s financial crisis and boosting demand for the safe haven greenback.

USD/CHF hit 0.9017 during European morning trade, the daily high; the pair subsequently consolidated at 0.9032, rising 0.93%.

The pair was likely to find support at 0.8768, the high of November 4 and resistance at 0.9142, the high of September 26.

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