DailyMarkets.com - CUZ Completes Promenade Acquisition
DailyMarkets.com - CUZ Completes Promenade Acquisition |
- CUZ Completes Promenade Acquisition
- CNOOC Closes OPTI Deal
- Cummins Downgraded To Neutral
- Black Friday Give Equities A Jolt
- Austar Sale-off Delayed Further
- Cartoon Of The Day
- Tiffany Shines, Brightens Outlook
- Discover Downgraded To Neutral
- Quick Checking SP500 Market Internals Nov 29
- UCB’s Lectus Buy To Aid CNS Study
- Earnings Preview: Guess? Inc.
- New COO For Krispy Kreme
- XZERES Is Aggressively Expanding Into Europe
- New Term Loan For Federal Realty
- Merge Unveils Cloud-based Platform
- Omnicell’s G4 Reaches China
- WSPR Szczecin Taps ZOLL AutoPulse
- Becton Hikes Dividend
- United Parcel Remains Neutral
- BNY Mellon Expands Overseas
- Snack-On: Hormel In The Menu
- Hungary Central Bank Lifts Rate 50bps To 6.50%
- Dow Stretches Gains, Positive For 2011
- Oil Still Strong, Trades Above $98
- Natural Gas Futures Sharply Higher On Cooler Weather Forecasts
- Canada: “We Believe In Free Trade” And Will End Dozens Of Tariffs On Imports To Help Manufacturing
- The Tale Of The $100 Bill
- Forex – Dollar Remains Lower As Europe FinMin Meeting In Focus
- Forex – GBP/USD Holds Gains Despite U.K. Growth Outlook Cut
- Gold Futures Fluctuate On U.S. Dollar, EU Debt Woes
- Forex – EUR/USD Erases Losses In Choppy Trade
- U.S. CB Consumer Confidence Soars To 4-month High
- Forex – USD/CAD Pares Losses As Euro Woes In Focus
- U.S. Stocks Rise In Choppy Trade; Dow Jones Up 0.37%
- Crude Oil Futures Extend Gains On Mounting Iran Tensions
- Euro Decouples From Recent Correlations, Lags Majors As U.S. Dollar Slides
- Forex – EUR/JPY Lower On ECB Operation
- Global Equities Receive A Brussels Boost
- S&P/Case-Shiller Home Price Index Falls More-than-expected
| CUZ Completes Promenade Acquisition Posted: 29 Nov 2011 10:20 AM PST As part of the long-term strategy to upgrade its overall portfolio with newer high-quality assets, Cousins Properties Inc. (NYSE:CUZ), a Georgia-based real estate investment trust (REIT), has recently completed the acquisition of Promenade Two – a 774,000 square-foot Class-A office building in the Midtown submarket of Atlanta, Georgia, for $134.7 million in cash.
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| Posted: 29 Nov 2011 10:05 AM PST CNOOC Ltd. (NYSE:CEO) has closed its previously announced purchase of Canadian oil sands operator OPTI Canada Inc. The $2.1 billion transaction was first declared in July.
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| Posted: 29 Nov 2011 09:50 AM PST We have downgraded our recommendation on Cummins Inc. (NYSE:CMI) to Neutral from Outperform. Headquartered in Columbus, Indiana, Cummins is a leading worldwide designer, manufacturer and distributor of diesel and natural gas engines, electric power generation systems, and engine-related components, fuel systems, controls and air handling systems.
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| Black Friday Give Equities A Jolt Posted: 29 Nov 2011 09:39 AM PST Tuesday, November 29, 2011
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| Austar Sale-off Delayed Further Posted: 29 Nov 2011 09:30 AM PST Liberty Global Inc.'s (NASDAQ:LBTYA) proposed disinvestment of Austar United Communications Ltd. to Foxtel is further delayed. The Australian regulatory authority, Australian Competition and Consumer Commission (ACCC), was all set to deliver its verdict on the proposed merger on November 30, 2011. Surprisingly, the acquirer Foxtel asked for some more time to ACCC so that the company can strengthen its arguments. Earlier, in October 2011, the Australian Foreign Investment Review Board (FIRB) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 29 Nov 2011 09:22 AM PST |
| Tiffany Shines, Brightens Outlook Posted: 29 Nov 2011 09:16 AM PST Tiffany & Company (NYSE:TIF) posted better-than-expected third-quarter 2011 results buoyed by improved demand for luxury items worldwide and consequently raised its full year outlook. The quarterly earnings of 70 cents a share surpassed the Zacks Consensus Estimate of 60 cents, and surged 52% from 46 cents earned in the prior-year quarter.
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| Discover Downgraded To Neutral Posted: 29 Nov 2011 09:16 AM PST We have downgraded our recommendation on Discover Financial Services (NYSE:DFS) to Neutral based on a weak momentum in the earnings outlook. The company reported third-quarter 2011 earnings per share of $1.18, significantly ahead of both the Zacks Consensus Estimate of 91 cents and 47 cents recorded in the year-ago quarter.
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| Quick Checking SP500 Market Internals Nov 29 Posted: 29 Nov 2011 09:02 AM PST What do we see when we look "under the hood" at the market by viewing current Market Internals? Click for larger image.
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| UCB’s Lectus Buy To Aid CNS Study Posted: 29 Nov 2011 09:01 AM PST UCB (UCBJF) recently announced that it has entered into a license and acquisition agreement with Lectus Therapeutics for the acquisition of the latter's pharmaceutical assets. With this acquisition, UCB has taken over Lectus's drug discovery and development programs, which are aimed at treating certain central nervous system (CNS) disorders.
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| Posted: 29 Nov 2011 09:01 AM PST Guess? Inc. (NYSE:GES), one of the world's leading designer and distributor of lifestyle apparels, is scheduled to report its third quarter 2012 financial results before the opening bells on November 30, 2011.
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| Posted: 29 Nov 2011 09:01 AM PST Winston-Salem, North Carolina-based Krispy Kreme Doughnuts Inc (KKD) recently announced the appointment of Kenneth A. May as its new President and Chief Operating Officer (COO), effective immediately. Mr. May will report to James H. Morgan, the Chairman and chief executive officer (CEO) of Krispy Kreme. Mr. May replaces Morgan who held the position of the company's president since 2008.
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| XZERES Is Aggressively Expanding Into Europe Posted: 29 Nov 2011 09:01 AM PST XZERES is aggressively expanding into Europe Over the last three months, XZERES (XPWR) has aggressively expanded into Europe, announcing significant dealer agreements with VG Energy, Ltd. (the largest distributed wind energy dealer in the U.K) and Weole Energy (the largest distributed wind energy dealer serving France). In late September, XZERES signed for an exclusive dealer arrangement with VG Energy, Ltd., which requires a minimum of $5.0 million in turbines to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| New Term Loan For Federal Realty Posted: 29 Nov 2011 09:01 AM PST Federal Realty Investment Trust (FRT) recently announced the closing of a new unsecured term loan worth $275 million. The loan bears interest at an annual rate of LIBOR plus 145 basis points and is expected to mature in November 2018. Federal Realty also has an option of increasing the term loan to $350 million.
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| Merge Unveils Cloud-based Platform Posted: 29 Nov 2011 09:01 AM PST Recently, Merge Healthcare (NASDAQ:MRGE) showcased its new cloud-based platform 'Merge Honeycomb' along with its first application in the cloud, namely 'free image sharing' at the Radiological Society of North America (RSNA). This application enables users to upload, download, view and share medical images everywhere without the help of any additional software. Through this new solution the company intends to improve image interoperability and achieve the 'Meaningful Use' stamp from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 29 Nov 2011 09:01 AM PST Recently, Omnicell (NASDAQ:OMCL) announced the launch of Mandarin-language versions of its G4 platform for clinical use in China. Following the launch of G4 medication automation platform in English-speaking markets earlier this year, the language conversion of medication cabinets will enable Chinese hospitals to utilize all the advanced operational improvements of G4. The latest move on the company's part is consistent with its strategy of further expanding in the international market.
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| WSPR Szczecin Taps ZOLL AutoPulse Posted: 29 Nov 2011 09:01 AM PST Resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) said that its new AutoPulse Plus cardiac support pumps has been bought by WSPR Szczecin, the biggest emergency service operator in Poland. The Polish entity has purchased 49 such devices to equip its fleet of ambulances.
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| Posted: 29 Nov 2011 09:01 AM PST Becton, Dickinson and Company (NYSE:BDX) recently declared a quarterly dividend of 45 cents for each common share, representing a hike of 4 cents, or approximately 10%, from the preceding quarter. The company will make the dividend payment on December 30, 2011, to its shareholders of record, as of December 12, 2011. The new quarterly dividend represents an annualized outflow of $1.80 per share.
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| Posted: 29 Nov 2011 09:01 AM PST We are maintaining our long-term Neutral recommendation on United Parcel Services (NYSE:UPS). The stock retains a Zacks #3 (Hold) Rank for the short term (1-3 months).
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| Posted: 29 Nov 2011 09:01 AM PST The Bank of New York Mellon Corporation (NYSE:BK) announced a definitive agreement to acquire Penson Worldwide Inc.'s (NASDAQ:PNSN) Australian subsidiary, Penson Financial Services Australia Pty Ltd (PFSA). As a part of the agreement, BNY Mellon will pay AUD$33 million ($33 million).
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| Posted: 29 Nov 2011 09:01 AM PST According to New York Times- Americans eat 31% more packaged food than fresh food and they consume more packaged food per person than their counterparts in nearly all other countries. A sizable part of the American diet is ready-to-eat meals, like frozen pizzas and microwave dinners and sweet or salty snack foods.
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| Hungary Central Bank Lifts Rate 50bps To 6.50% Posted: 29 Nov 2011 08:36 AM PST The Magyar Nemzeti Bank increased its central bank base rate by 50 basis points to 6.50% from 6.00%. The Bank said: “Monetary policy can best support the recovery and contribute to an environment conducive to investment and job creation by maintaining predictability and preserving the stability of prices and the financial system. The depreciation of the forint in recent months has caused a deterioration in the inflation outlook and increased the need for balance sheet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Dow Stretches Gains, Positive For 2011 Posted: 29 Nov 2011 08:09 AM PST 11/29/11 US stocks turned higher, lifted by a better-than-expected consumer confidence report. The Dow Industrials climbed back into positive for the year. Airline stocks gained as AMR filed for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Oil Still Strong, Trades Above $98 Posted: 29 Nov 2011 03:00 AM PST 11/29/11 Crude prices remaind in positive territory this morning following growing optimism concerning the health of the eurozone region while the euro continued to remain higher against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Sharply Higher On Cooler Weather Forecasts Posted: 29 Nov 2011 07:49 AM PST Forexpros – Natural gas futures rose sharply on Tuesday, recouping some of the previous day's steep decline as markets cheered signs that winter's peak heating season was approaching. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.615 per million British thermal units during U.S. morning trade, jumping 2.57%. It earlier rose by as much as 2.8% to trade at a daily high of USD3.620 per million British thermal units. The recent bout of mild … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canada: “We Believe In Free Trade” And Will End Dozens Of Tariffs On Imports To Help Manufacturing Posted: 29 Nov 2011 07:34 AM PST TORONTO (Reuters) – “Canadian Finance Minister Jim Flaherty said on Sunday the government would eliminate tariffs on dozens more products used by Canadian manufacturers, aiming to lower their costs and encourage more hiring. The initiative would scrap custom duties on 70 items used by businesses in sectors such as food processing, furniture and transportation equipment. Flaherty, who estimated the tariff cuts would save Canadian businesses C$32 million ($30.5 million) a year, said the cuts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 29 Nov 2011 07:32 AM PST By now we've probably all been forwarded a version of the tale of the $100 bill that single handedly wiped out lots of debt. In case some readers haven't seen it yet, it goes something like this:
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| Forex – Dollar Remains Lower As Europe FinMin Meeting In Focus Posted: 29 Nov 2011 07:30 AM PST Forexpros – The U.S. dollar remained broadly lower against its major counterparts on Tuesday, ahead of the outcome of a meeting of euro zone finance ministers and after stronger-than-expected U.S. consumer confidence data. During U.S. morning trade, the dollar was down against the euro, with EUR/USD easing up 0.13% to hit 1.3337. The euro came under pressure after the European Central Bank failed to attract enough deposits from banks to neutralize its purchases of bonds from debt-ridden … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Holds Gains Despite U.K. Growth Outlook Cut Posted: 29 Nov 2011 07:27 AM PST Forexpros – The pound held gains against the U.S. dollar on Tuesday, shrugging off a downward revision by the British government for economic growth as markets eyed a meeting of euro zone finance ministers later in the day. GBP/USD hit 1.5656 during U.S. morning trade, the pair's highest since November 22; the pair subsequently consolidated at 1.5626, rising 0.73%. Cable was likely to find support at 1.5468, the low of November 29 and resistance at 1.5797, the high of November 21. In the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Fluctuate On U.S. Dollar, EU Debt Woes Posted: 29 Nov 2011 07:23 AM PST Forexpros – Gold futures swung between modest gains and losses on Tuesday, remaining above the psychologically important USD1,700-an-ounce-level as market sentiment continued to be dominated by developments surrounding the euro zone's debt crisis. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,718.75 a troy ounce during U.S. morning trade, edging 0.25% higher. The February contract traded between a range of USD1,707.35 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Erases Losses In Choppy Trade Posted: 29 Nov 2011 07:14 AM PST Forexpros – The euro erased losses against the U.S. dollar on Tuesday, after falling earlier when the European Central Bank failed to attract enough deposits from banks to neutralize its purchases of bonds from debt-ridden euro zone countries. EUR/USD pulled away from 1.3286, the daily low, to hit 1.3330 during U.S. morning trade, easing up 0.08%. The pair was likely to find support at 1.3272, Monday's low and resistance at 1.3530, the high of November 23. The ECB attracted EUR194 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. CB Consumer Confidence Soars To 4-month High Posted: 29 Nov 2011 07:06 AM PST Forexpros – U.S. consumer confidence soared in November, rising to the highest level since July, industry data showed on Tuesday. In a report, the Conference Board, a market research group said its index of consumer confidence jumped by 15.1 points to 56.0 in November from a reading of 40.9 in October, whose figure was revised up from 39.8. Analysts had expected the index to rise by 2.1 points to 43.0 in November. The Present Situation Index increased to 38.3 from 27.1. The Expectations … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Pares Losses As Euro Woes In Focus Posted: 29 Nov 2011 06:56 AM PST Forexpros – The U.S. dollar pared losses against its Canadian counterpart on Tuesday, but market sentiment remained on the back foot amid concerns over the ongoing debt crisis in the euro zone. USD/CAD pulled back from 1.0258, the pair's lowest since November 18, to hit 1.0300 during early U.S. trade, still down 0.38% on the day. The pair was likely to find support at 1.0198, the low of November 18 and resistance at 1.0362, the days high. Risk appetite remained supported after Italy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Rise In Choppy Trade; Dow Jones Up 0.37% Posted: 29 Nov 2011 06:56 AM PST Forexpros – U.S. stocks were moderately higher on Tuesday, as markets remained wary ahead of a meeting of euro zone finance ministers later in the day and after disappointing U.S. housing sector data. During early U.S. trade, the Dow Jones Industrial Average rose 0.37%, the S&P 500 index advanced 0.45%, while the Nasdaq Composite index climbed 0.29%. Euro zone finance ministers were to meet later in the day and were expected to approve plans to enlarge the scope of the region's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Extend Gains On Mounting Iran Tensions Posted: 29 Nov 2011 06:47 AM PST Forexpros – Crude oil futures extended gains on Tuesday, rallying to a fresh session high amid reports the British embassy in Tehran was attacked and as investors awaited the outcome of a meeting of euro zone finance ministers. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD99.00 a barrel during U.S. morning trade, gaining 0.8%. It earlier rose by as much as 0.95% to trade at a daily high of USD99.30 a barrel. Iranian protesters stormed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Decouples From Recent Correlations, Lags Majors As U.S. Dollar Slides Posted: 29 Nov 2011 06:40 AM PST Fundamental Headlines
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| Forex – EUR/JPY Lower On ECB Operation Posted: 29 Nov 2011 06:18 AM PST Forexpros – The euro edged lower against the yen on Tuesday, after the European Central Bank failed to attract enough deposits from banks to neutralize its purchases of bonds from debt-ridden euro zone countries. EUR/JPY hit 77.62 during European afternoon trade, the daily low; the pair subsequently consolidated at 103.55, shedding 0.28%. The pair was likely to find support at 102.48, the low of November 25 and short term resistance at 104.51, the high of November 28. The ECB attracted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Global Equities Receive A Brussels Boost Posted: 29 Nov 2011 01:15 AM PST 11/29/11 Led by European finance ministers meeting in Brussels today to discuss details of possibly boosting the EFSF, global equities continued to show signs of strength this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| S&P/Case-Shiller Home Price Index Falls More-than-expected Posted: 29 Nov 2011 06:12 AM PST Forexpros – The S&P/Case-Shiller home price index fell more-than-expected in September, declining for the fifteenth consecutive month, industry data showed on Tuesday. In a report, Standard & Poor with Case-Shiller said its house price index fell at an annualized rate of 3.6% in September, disappointing expectations for a 3.0% decline. U.S. home prices fell by an unrevised 3.8% in August. Month-on-month, U.S. home prices fell by 0.6% in September, compared to expectations for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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