DailyMarkets.com - CNOOC-OPTI Deal Crosses Govt Hurdle
DailyMarkets.com - CNOOC-OPTI Deal Crosses Govt Hurdle |
- CNOOC-OPTI Deal Crosses Govt Hurdle
- Agilent Beats, Outlook Disappoints
- CBRE Global: Huge Outlay In China?
- Dell Beats On EPS, Revs Flat
- Target Tops Consensus
- Thai Floods Affect PPG
- Inflation Low (and Will Stay That Way)
- Wright Medical Reiterated Neutral
- Heating Oil Heats Up!
- Forex Trading: Eurogroup Juncker Says German Debt Level Is A “cause For Concern”
- Pepco Lands Maryland Contract
- Allstate To Hire Sales Professionals
- Industrial Production Rises
- Market Share Gains Insulate Against Industry Weakness
- BRE Properties Sheds Assets
- Insider Trading, Congress Style
- AUXILIO Top-Line Grows From Six New Client Accounts
- Duke Energy Boosting Assets
- SL Green Closes Credit Facility
- Dow Breaks Below 12K, Oil Rallies
- Updating The SP500 Symmetrical Triangle Pattern
- Crude Oil Futures Surge To 5-month High After U.S. Inventory Data
- Forex – Dollar Trims Gains But Euro Zone Fears Weigh
- Forex – GBP/USD At One-month Low After BoE Cuts Outlook
- Natural Gas Drops To 13-month Low With Inventory Data In Focus
- Forex- Euro Trims Losses Against Dollar In Choppy Trading
- IJ Goes Up Against The Connecticut Dental Cartel
- U.S. Stocks Fall As EU Debt Fears Weigh; Dow Drops 1%
- Forex – USD/CAD Trims Gains After U.S. Data
- Gold Remains Lower Amid Lingering Euro Zone Debt Woes
- CPI Factoid Of The Day: Natural Gas Prices -2.2%
- U.S. Industrial Production Rises More-than-expected
- BOE Extends European Stock Drop
- Forex – EUR/USD Almost Unchanged After U.S. Inflation Data
- U.S. TIC Long Term Purchases Rise More-than-expected
- Euro Falls As Monti To Lead Italian Government, Serve As Finance Minister
- U.S. Core CPI Rises In Line With Expectations In October
| CNOOC-OPTI Deal Crosses Govt Hurdle Posted: 16 Nov 2011 10:40 AM PST CNOOC Ltd. (NYSE:CEO) has received the consent of the Minister of Industry, under the Investment Canada Act, for the proposed acquisition of OPTI Canada Inc. in a deal valued at around $2.1 billion.
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| Agilent Beats, Outlook Disappoints Posted: 16 Nov 2011 10:25 AM PST Agilent Technologies' (NYSE:A) fiscal fourth quarter earnings beat the Zacks Consensus by a couple of cents. However, revenue fell short of street expectations, missing by 1.3%. Shares dipped 3.14% after-hours Tuesday, an initial reaction to the revenue miss, as well as earnings guidance for the next quarter that was a penny shy of the Zacks Consensus.
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| CBRE Global: Huge Outlay In China? Posted: 16 Nov 2011 10:25 AM PST CBRE Global Investors, the real estate investment management business of CBRE Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), has recently unveiled its plans to invest heavily in the housing sector in China in the second half of 2012 in anticipation of the gradual easing of the government restrictions based on price corrections in the property market.
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| Posted: 16 Nov 2011 10:10 AM PST Dell Inc. (NASDAQ:DELL) delivered third quarter 2012 EPS of 54 cents, handily beating the Zacks Consensus Estimate of 47 cents. Following the earnings release, the company's share price dipped 0.51% to $15.55 in the after hour trade.
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| Posted: 16 Nov 2011 10:05 AM PST Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently posted better-than-expected third-quarter 2011 results on the heels of higher sales and improved profitability across credit card business.
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| Posted: 16 Nov 2011 10:05 AM PST PPG Industries Inc. (NYSE:PPG) announced that its optical products manufacturing and distribution operations in Thailand have been severely disrupted by the worst floods that hit the nation in more than half a century.
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| Inflation Low (and Will Stay That Way) Posted: 16 Nov 2011 09:50 AM PST Consumer prices fell by 0.1% in October. The Consumer Price Index (CPI) rose by 0.3% in September, and by 0.4% in August. The trend is thus very much in the right direction. On a year-over-year basis it is running a bit hot at 3.5%, but that is down from being up 3.9% year over year last month. The consensus expectation was that headline inflation would be unchanged for the month. Energy Prices Looking a little bit deeper, the decrease in headline inflation is mostly with energy. Energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wright Medical Reiterated Neutral Posted: 16 Nov 2011 09:35 AM PST We maintain our Neutral recommendation on international orthopedic devices company Wright Medical (NASDAQ:WMGI). Its third-quarter fiscal 2011 adjusted earnings per share (excluding one-time items other than stock-based compensation expense) of 16 cents met the Zacks Consensus Estimate.
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| Posted: 16 Nov 2011 09:21 AM PST Wednesday, November 16, 2011
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| Forex Trading: Eurogroup Juncker Says German Debt Level Is A “cause For Concern” Posted: 16 Nov 2011 09:20 AM PST Juncker adds that: Germany debt is higher debt than Spain but no one wants to know about that. The EURUSD has moved down from 1.3530 to the 1.3505 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Nov 2011 09:20 AM PST Pepco Holdings Inc. (NYSE:POM), through its business unit Pepco Energy Services Inc., received a $27.6 million comprehensive energy performance and maintenance contract from the Maryland Port Administration. The contract extends over a 13.5 year term.
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| Allstate To Hire Sales Professionals Posted: 16 Nov 2011 09:05 AM PST Yesterday, Allstate Corporation (NYSE:ALL) announced that the company's insurance agency owners in Missouri and Nebraska are planning to hire 35 and 25 licensed sales professionals, respectively, by the end of this year.
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| Posted: 16 Nov 2011 09:05 AM PST Total Industrial Production rose by 0.7% in October, much better than the 0.4% rise that was expected. However, September was revised down to a decline of 0.1% from being up 0.2%. The Industrial production numbers are often distorted by Utility Output, which is often affected by the weather as much as it is by economic activity. To get a sense of what is happening in the economy, it is worth looking at just manufacturing output. Factory output rose by 0.5%, up from 0.3% in September (revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Market Share Gains Insulate Against Industry Weakness Posted: 16 Nov 2011 08:50 AM PST Market Share Gains Insulate Against Industry Weakness On November 15, 2011, Tower Semiconductor Ltd. (TSEM), a global specialty foundry leader, reported financial results for its fiscal 2011 third quarter and nine months, ended September 30, 2011. A solid third quarter by the Company resulted in quarterly revenues increasing by over 26 percent or $36.405 million sequentially to $176.112 million, which compares to revenues of $139.707 million for the three months ended June 30, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Nov 2011 08:50 AM PST BRE Properties, Inc. (NYSE:BRE), a real estate investment trust (REIT), recently announced the sale of two Inland Empire apartment communities named Galleria at Towngate, a 268 apartment home community located in Moreno Valley, and Windrush Village, a 366 apartment home community located in Colton, California for $65.2 million.
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| Insider Trading, Congress Style Posted: 16 Nov 2011 08:50 AM PST On CNBC this morning Author Peter Schweizer discussed his forthcoming book "Throw Them All Out: How Politicians and Their Friends Get Rich off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| AUXILIO Top-Line Grows From Six New Client Accounts Posted: 16 Nov 2011 08:35 AM PST AUXILIO Top-Line Grows from Six New Client Accounts A solid quarter resulted in an over 68 percent year over year increase in sales, with revenue expanding $2.703 million to $6.674 million from $3.970 million for the three months ended September 30, 2010. Auxilio's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Nov 2011 08:35 AM PST Duke Energy Renewables, a subsidiary of Duke Energy Corporation (NYSE:DUK), has purchased a portfolio of photovoltaic ("PV") projects from ESA Renewables, LLC that brings the company's ownership of solar farms in North Carolina to seven.
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| SL Green Closes Credit Facility Posted: 16 Nov 2011 08:20 AM PST SL Green Realty Corp. (SLG) recently announced that it has closed on a new $1.5 billion unsecured revolving credit facility, replacing the company's previous $1.5 billion unsecured revolving credit facility, maturing in June 2012.
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| Dow Breaks Below 12K, Oil Rallies Posted: 16 Nov 2011 08:10 AM PST 11/16/11 US stocks tracked global equity markets lower, as EU recession fears weighed on sentiment. Domestic economic data reflected gradual economic growth. Crude oil topped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Updating The SP500 Symmetrical Triangle Pattern Posted: 16 Nov 2011 08:08 AM PST So far, the Symmetrical Triangle Pattern has held firm, containing this week's moves into the upper and lower compressing trendlines. The dominant trendlines have compressed to the 1,260 and 1,240 area (plus or minus a few index points) which also happens to be the compression zone between the very important 200 day Simple Moving Average (a firm reference) and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Surge To 5-month High After U.S. Inventory Data Posted: 16 Nov 2011 07:55 AM PST Forexpros – Crude oil futures rallied to the highest level since June on Wednesday, after a government report showed that U.S. crude supplies fell broadly in line with expectations last week. On the New York Mercantile Exchange, light sweet crude futures for delivery in January traded at USD102.08 a barrel during U.S. morning trade, soaring 2.65%. It earlier rose by as much as 2.85% to trade at USD102.24 a barrel, the highest since June 9. Crude prices traded at USD101.66 prior to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Trims Gains But Euro Zone Fears Weigh Posted: 16 Nov 2011 07:50 AM PST Forexpros – The U.S. dollar trimmed gains against its major counterparts in volatile trade on Wednesday, but investors remained jittery as fears that the debt crisis in the euro zone is deepening pressured regional bond yields higher. During U.S. morning trade trade, the dollar was up against the euro, with EUR/USD slipping 0.09% to hit 1.3533. Concerns over the ability of European leaders to stem the region's debt crisis pressured the yields of core euro zone economies, with the yield on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD At One-month Low After BoE Cuts Outlook Posted: 16 Nov 2011 07:38 AM PST Forexpros – The pound was trading close to a one-month low against the U.S. dollar on Wednesday, after the Bank of England cut growth and inflation forecasts and indicated that further monetary stimulus may be necessary as the economic outlook deteriorates. GBP/USD hit 1.5740 during U.S. morning trade, the pair's lowest since October 20; the pair subsequently consolidated at 1.5743, shedding 0.49%. Cable was likely to find support at 1.5680, the low of October 20 and resistance at 1.5826, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Drops To 13-month Low With Inventory Data In Focus Posted: 16 Nov 2011 07:37 AM PST Forexpros – Natural gas futures declined for a sixth day on Wednesday, falling to a fresh 13-month low as warm temperatures and concerns about growing U.S. inventory levels continued to drive prices lower. On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.401 per million British thermal units during U.S. morning trade, shedding 0.33%. It earlier fell by as much as 0.6% to trade at USD3.389 per million British thermal units, the lowest price since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex- Euro Trims Losses Against Dollar In Choppy Trading Posted: 16 Nov 2011 07:27 AM PST Forexpros – The euro trimmed losses against the U.S. dollar in choppy trade on Wednesday, but euro zone bond yields remained under pressure despite bond purchases by the European Central Bank. EUR/USD pulled back from 1.3430, the pair's lowest since October 10, to hit 1.3503 during U.S. morning trade, still down 0.27%. The pair was likely to find support at 1.3360, the low of October 7 and resistance at 1.3538, the day's high. Concerns over the ability of European leaders to stem the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| IJ Goes Up Against The Connecticut Dental Cartel Posted: 16 Nov 2011 07:22 AM PST Institute for Justice — “Teeth-whitening services are popular and increasingly available at spas, salons and shopping malls. This has been a boon for consumers because these businesses offer whitening services at a much lower cost than dentists do, often charging less than 25 percent of what a dentist would charge for similar results. There is one group that is not smiling about these new, low-cost teeth-whitening services: the Connecticut Dental Commission. In June, the Commission ruled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Fall As EU Debt Fears Weigh; Dow Drops 1% Posted: 16 Nov 2011 07:15 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%, the S&P 500 index slumped 0.85%, while the Nasdaq Composite index declined 0.75%. Concerns over Italy's debt woes lingered as the yield on the country's 10-year bond hovered close to the 7% threshold widely seen as unsustainable, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Trims Gains After U.S. Data Posted: 16 Nov 2011 07:12 AM PST Forexpros – The U.S. dollar trimmed gains against its Canadian counterpart on Wednesday, as market sentiment improved slightly after data showed U.S. industrial output rose more than expected in October. USD/CAD pulled back from 1.0288, the pair's highest since October 12, to hit 1.0255 during U.S. morning trade, still up 0.41%. The pair was likely to find support at 1.0157, Tuesday's low and resistance at 1.0327, the high of October 12. The U.S. Federal Reserve said industrial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Remains Lower Amid Lingering Euro Zone Debt Woes Posted: 16 Nov 2011 06:44 AM PST Forexpros – Gold futures remained lower on Wednesday, as a broadly stronger U.S. dollar pressured prices, while investors continued to eye developments surrounding the debt crisis in the euro zone. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,764.95 a troy ounce during U.S. morning trade, dropping 0.97%. It earlier fell by as much as 1.15% to trade at a daily low of USD1,761.65 a troy ounce. Gold's losses came as the dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| CPI Factoid Of The Day: Natural Gas Prices -2.2% Posted: 16 Nov 2011 06:39 AM PST Interesting factoid from Table A above (click to enlarge) in today’s CPI report: Compared to one year ago, every category of goods and services has increased except for one deflationary item: “Utility (piped) gas service,” which has decreased by 2.2% from October 2011. As I reported recently, natural gas futures prices for the month of November are the lowest in ten years, so the decline in natural gas prices for consumers is likely to continue through the winter. Welcome … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Industrial Production Rises More-than-expected Posted: 16 Nov 2011 06:22 AM PST Forexpros – Industrial production in the U.S. rose more-than-expected in October, official data showed on Wednesday. In a report, the U.S. Federal Reserve said that industrial production rose by a seasonally adjusted 0.7% in October, beating expectations for a 0.4% gain. Industrial production in September was revised down to a decline of 0.1% from a previously reported 0.2% increase. Year-over-year, industrial production rose at an annualized rate of 3.9% in October, after increasing at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| BOE Extends European Stock Drop Posted: 16 Nov 2011 01:15 AM PST 11/16/11 NYFP’s Morning Market Report: European stocks and global equities continued to dive this morning following poor UK data and a gloomy forecast from the Bank of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Almost Unchanged After U.S. Inflation Data Posted: 16 Nov 2011 06:07 AM PST Forexpros – The euro was almost unchanged against the U.S. dollar on Wednesday, remaining broadly lower after government data showed that U.S. consumer prices were lower for the first time in four months, as concerns over the euro zone debt crisis weighed. EUR/USD hit 1.3430 during European afternoon trade, the pair's lowest since October 10; the pair subsequently consolidated at 1.3475, shedding 0.47%. The pair was likely to find support at 1.3360, the low of October 7 and resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. TIC Long Term Purchases Rise More-than-expected Posted: 16 Nov 2011 06:06 AM PST Forexpros – U.S. Treasury International Capital purchases rose more-than-expected in September, official data showed on Wednesday. In a report, the U.S. Department of the Treasury said that net foreign purchases of long-term securities totaled USD68.6 billion in September, above expectations of USD63.4 billion. The previous month's figure was revised up to USD58.0 billion from a previously reported USD57.9 billion. Net purchases of Treasuries by private foreign investors were USD84.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Falls As Monti To Lead Italian Government, Serve As Finance Minister Posted: 16 Nov 2011 05:56 AM PST Fundamental Headlines
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| U.S. Core CPI Rises In Line With Expectations In October Posted: 16 Nov 2011 05:38 AM PST Forexpros – Core consumer price inflation in the U.S. rose in line with expectations in October, official data showed on Wednesday. In a report, the Bureau of Labor Statistics said that core consumer prices rose by a seasonally adjusted 0.1% in October, broadly in line with expectations, after rising by 0.1% in September. Year-over-year, core consumer prices rose at an annualized rate of 2.1% in October, matching forecasts, after accelerating at a rate of 2.0% in September. Core prices are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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