DailyMarkets.com - Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts
DailyMarkets.com - Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts |
- Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts
- Video Game Sales Rise In October
- SunPower Sells Power To US Navy
- Genomic Health Stays Neutral
- Eaton Supports Coast Guard Cutters
- Forex – EUR/USD Down In U.S. Trading Hours
- Hot Option Plays: Choppy Action
- Earnings Preview: NetApp Inc.
- CBRE Group Closes Debt Facility
- Forex – AUD/USD Down In U.S. Trade
- 3Q Earnings Good, Not Great
- Debt Concerns Drag Euro Lower
- Companies Continue To Leave Anti-Business California In Record Numbers To Save 40% In Costs
- Earnings Scorecard: General Dynamics
- Caterpillar Gung Ho On Expansion
- Natural Gas Stockpiles Up 37 Bcf
- Oil Slips Below $98
- Forex – USD/JPY Down During The U.S. Session
- Forex Trading: EURUSD Finds Buyers On Failed Break Below. 1.3632 Eyed Above And 100 Bar MA
- Earnings Preview: Target
- Chevron’s Hydrogen Unit Operational
- Insurer Majors Eye Acquisition
- Georgia Bank Fails, Tally Hits 88
- European Markets Close Lower; Dax Down 1.19%
- J. C. Penney Beats On Bottom Line
- TowerJazz Long-Term Story Remains Intact
- Lowe’s Beats Estimates
- Allstate Slips To Underperform
- Forex Trading: EURUSD Keeps Bearish Bias
- Forex Trading: GBPUSD Tests Lows From Friday. One Day, Trend Higher. The Next Day, Trend Down
- Forex Trading: AUDUSD Moves Below 100 Hour MA/Fibo Retracement
- It’s Not Just Members Of Congress Who Benefit From Insider Trading, Congressaional Staff Also Gain
- Forex Trading: USDCHF Tests The 0.9080/88 Target And Backs Off A Bit
- Forex Trading: EURUSD Dips To Target Support And Bounces
- TTEK Wins Contract
- Excel Maritime Upgraded To Neutral
- Pepsi Munches Brazil’s Cookie Maker
- Mitsubishi UFJ Reports Profits
- Kimco,General Growth To Revamp Mall
- Eurozone In Focus Ahead Of Macro Reports
- October Sales Rise At Fastenal
- Goodyear Divests Tire Plant
- Health Care REIT Updates Guidance
- Roche Eyes Cancer Drug Approval
- Keep An Eye On AUXILIO
- CMAC Contributes At DecisionPoint Systems
- Earnings Scorecard: Cardinal
- Earnings Preview: Covidien
- Earning Scorecard: RadioShack
- Mixed Numbers For Telefonica
- Earnings Preview: Jacobs Engineering Group Inc.
- Ben Willis : “After Italy… Spain”
- Natural Gas Tumbles To 4-week Low On Warm Weather Outlook
- Forex – Dollar Remains Higher Vs. Rivals Amid Italy Debt Concerns
- Dow Maintains 12,000 Level
- Forex – GBP/USD Falls To New Session Low On E.Z. Fears
- Crude Oil Pulls Back From 15-week High As EZ Debt Woes Weigh
- Forex – EUR/USD Tumbles On Fresh Italy Debt Fears, Data
- After Berlusconi, The Debt Issues Continue
- U.S. Stocks Lower Amid E.Z. Caution; Dow Jones Down 0.38%
- Gold Futures Trim Losses As Italy Debt Woes Linger
- Happy Birthday P.J. O’Rourke
- Forex – USD/CAD Hits Session High In Risk Off Trade
- Rising Italian And Spanish Borrowing Costs Weigh On Euro
- The Many Factors Fueling A Return To $100 Oil
| Forex Trading: EURUSD And GBPUSD Hold Below 100 Bar MA On 5 Minute Charts Posted: 14 Nov 2011 12:36 PM PST The 100 bar MA (blue line in the chart above) comes in at 1.3636 currently. The price has remained below this MA line and keeps the bias to the downside as a result.
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| Video Game Sales Rise In October Posted: 14 Nov 2011 12:31 PM PST After witnessing a horrific slump over the last five months, the video game industry was supplemented by marginal sales growth in October 2011. According to a recent report from market research firm The NPD Group, U.S. video game retail sales spiked 1.0% to $1.08 billion (including games released for personal computers).
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| SunPower Sells Power To US Navy Posted: 14 Nov 2011 12:25 PM PST SunPower Corporation (SPWRA) has entered into an agreement with the US Navy under which the former will sell the electricity generated from the 13.78-megawatt ("DC") solar photovoltaic ("PV") power system to the latter.
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| Posted: 14 Nov 2011 12:05 PM PST We have reiterated our Neutral recommendation on Genomic Health (NASDAQ:GHDX) with a target price of $28.00.
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| Eaton Supports Coast Guard Cutters Posted: 14 Nov 2011 11:50 AM PST Industrial manufacturer Eaton Corporation (NYSE:ETN) received a $20 million contract from the U.S. Coast Guard to maintain electrical infrastructure on 12 Coast Guard cutters. These cutters are stationed in Coast Guard bases in San Diego, Seattle, San Francisco and Hawaii.
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| Forex – EUR/USD Down In U.S. Trading Hours Posted: 14 Nov 2011 11:45 AM PST Forexpros – The Euro was lower against the U.S. Dollar on Monday. EUR/USD was trading at 1.3620, down 0.95% at time of writing. The pair was likely to find support at 1.3484, Thursday's low, and resistance at 1.3859, Wednesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8564 and EUR/JPY falling 1.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Hot Option Plays: Choppy Action Posted: 14 Nov 2011 11:35 AM PST Cusick’s Corner
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| Posted: 14 Nov 2011 11:35 AM PST NetApp Inc. (NASDAQ:NTAP) is scheduled to announce its second quarter 2012 results on November 16. We find limited movement in the analyst estimates so far.
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| CBRE Group Closes Debt Facility Posted: 14 Nov 2011 11:15 AM PST CBRE Group Inc. (NYSE:CBG), the world's largest commercial real estate services company (on the basis of 2010 revenues), has recently closed its previously announced new incremental senior secured sterling term loan A-1 facility to the tune of approximately $300 million. The debt facility was increased from the earlier amount of $250 million due to strong interest from the existing bank syndicate of the company.
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| Forex – AUD/USD Down In U.S. Trade Posted: 14 Nov 2011 11:15 AM PST Forexpros – The Australian Dollar was lower against the U.S. Dollar on Monday. AUD/USD was trading at 1.0197, down 0.77% at time of writing. The pair was likely to find support at 1.0053, Thursday's low, and resistance at 1.0397, Wednesday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.12% to hit 1.3367 and AUD/JPY falling 0.88% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 11:10 AM PST Third quarter earnings season is almost over. Total net income growth has been far higher than expected, although the median surprise and the ratio of positive surprises to disappointments is slightly below normal. Thus, I would characterize the season as good, but not great. We have had 456, or 91.2%, of the S&P 500 firms reporting so far. The year-over-year growth rate for the S&P 500 (so far) is 16.17%. That is actually well above the 12.33% growth that those same 456 firms posted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 11:10 AM PST 11/14/11 Concerns regarding the ongoing debt crisis in the eurozone have helped risk aversion resurface. Therefore pushing the euro lower this session against its major … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Companies Continue To Leave Anti-Business California In Record Numbers To Save 40% In Costs Posted: 14 Nov 2011 11:01 AM PST Los Angeles – “It’s time to take a hard look at why businesses are leaving the state. Since 2007, more than 2,500 employers have left California. They’ve taken about 109,000 jobs with them. Why is that happening and… more importantly… how can it be stopped? Joseph Vranich, a business relocation expert, explains the exodus in the video report.” According to Joe Vranich, “Business leaving the City of Los Angeles for a nearby county can save up to 20% in costs while moving to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Earnings Scorecard: General Dynamics Posted: 14 Nov 2011 11:00 AM PST General Dynamics Corporation (NYSE:GD) reported mixed third quarter 2011 financial results with EPS exceeding the Zacks Consensus Estimate, but revenue missed the target.
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| Caterpillar Gung Ho On Expansion Posted: 14 Nov 2011 10:50 AM PST Caterpillar Inc. (NYSE:CAT), devoted to its long-term vision of becoming a leader in the mining industry, announced plans to build a mining truck facility in Indonesia besides increasing capacity at its large mining truck facility and large track-type tractor unit in the United States to the tune of $790 million.
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| Natural Gas Stockpiles Up 37 Bcf Posted: 14 Nov 2011 10:50 AM PST The U.S. Energy Department’s weekly inventory release showed a higher-than-expected increase in natural gas supplies, attributable to sagging demand amid robust production.
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| Posted: 14 Nov 2011 05:50 AM PST 11/14/11 Lingering EU debt concerns have helped push front month crude prices lower to start the week as investors are now concerned with future energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/JPY Down During The U.S. Session Posted: 14 Nov 2011 10:45 AM PST Forexpros – The U.S. Dollar was lower against the Japanese Yen on Monday. USD/JPY was trading at 77.05, down 0.12% at time of writing. The pair was likely to find support at 76.82, today's low, and resistance at 77.89, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.91% to hit 1.3626 and GBP/USD falling 0.99% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Finds Buyers On Failed Break Below. 1.3632 Eyed Above And 100 Bar MA Posted: 14 Nov 2011 10:36 AM PST The failure on the downside (1.3607 and bottom trendline on the 5 minute chart above) should lead to a test of the higher channel trendline at the 1.3632 level. Above that the 100 bar MA at the 1.3652 is the next target (blue line in the chart above). Traders may simple use the 1.3607-14 area as support once again. The 1.3614 was the original low for the day. The 1.3607 is the 61.8% of the move up from last Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 10:30 AM PST Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, is slated to report its third-quarter 2011 financial results on Wednesday, November 16. The current Zacks Consensus Estimate for the quarter is 74 cents a share. The Zacks Consensus estimates revenue at $16,323 million.
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| Chevron’s Hydrogen Unit Operational Posted: 14 Nov 2011 10:15 AM PST Chevron Corporation's (NYSE:CVX) Pascagoula refinery in Mississippi commenced its 330,000 barrels per day (bpd) hydrogen unit last week. The start-up resulted in emission of more than 1,000 pounds of nitrogen oxide. As per a notice filed with the U.S. National Response Center, this exceeded the permissible amount of nitrogen oxide under its operating license.
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| Insurer Majors Eye Acquisition Posted: 14 Nov 2011 10:05 AM PST Media reports revealed that XL Health Corp. is being chased by WellPoint Inc. (NYSE:WLP), UnitedHealth Group Inc. (NYSE:UNH) and Aetna Inc. (NYSE:AET), as each of these big insurers are eyeing the company's Medicare Advantage business, which is expected to grow overwhelmingly over the next five years.
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| Georgia Bank Fails, Tally Hits 88 Posted: 14 Nov 2011 10:05 AM PST Last Friday, U.S. regulators shuttered Georgia-based Community Bank of Rockmart, taking the number of failed banks thus far in 2011 to 88. This follows 157 bank failures in 2010, 140 in 2009 and 25 in 2008.
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| European Markets Close Lower; Dax Down 1.19% Posted: 14 Nov 2011 10:05 AM PST Forexpros – European stocks were down after the closing bell on Monday. At the close of European trade, Germany's DAX fell 1.19%, London's FTSE 100 shed 0.47%, France's CAC 40 declined 1.28% and the EURO STOXX 50 was down 1.57%. Meanwhile, on Wall Street, equity markets were down after the open. The Dow Jones Industrial Average was down 0.79%; the S&P 500 index shed 1.06%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| J. C. Penney Beats On Bottom Line Posted: 14 Nov 2011 09:55 AM PST J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel and footwear, accessories, fashion jewelry, beauty products and home furnishings, recently delivered third-quarter 2011 earnings of 11 cents a share that came way ahead of the Zacks Consensus Loss Estimate of 12 cents a share. However, it plunged 42.1% from the prior-year quarters earnings of 19 cents a share.
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| TowerJazz Long-Term Story Remains Intact Posted: 14 Nov 2011 09:55 AM PST TowerJazz Long-Term Story Remains Intact TowerJazz (TSEM) is a pure-play semiconductor wafer foundry with two IC plants in Israel and one in California, that manufacture SiGe, MEMS, RF, embedded flash-based memory, analog/mixed-signal, and CMOS image-sensor devices. TSEM has solidified itself in the specialty semiconductor area. Tower's designs are typically more complex than the manufacture of standard technology. This has the effect of drawing industry leading customers to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 09:50 AM PST Lowe's Companies Inc. (NYSE:LOW), the world's second largest home improvement retailer, recently posted better-than-expected third-quarter 2011 results, thereby raising its fiscal 2011 sales outlook.
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| Allstate Slips To Underperform Posted: 14 Nov 2011 09:50 AM PST We have downgraded our recommendation on Allstate Corp. (NYSE:ALL) to Underperform from Neutral based on its consistent weak operating performance in the third quarter of 2011, which raises a question on the current sustainability factor.
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| Forex Trading: EURUSD Keeps Bearish Bias Posted: 14 Nov 2011 09:38 AM PST The EURUSD has kept a more bearish bias. The 1.3607 level remains a target below. This is the 61.8% of the move up from last Thursday's low. On the topside, the 1.3645-52 area is likely topside resistance that intraday traders will want to see the price remain below. The 1.3645 level is the 50% of the move up from Thursday. The 1.3652 level was a floor area on the daily chart in October and again earlier this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Tests Lows From Friday. One Day, Trend Higher. The Next Day, Trend Down Posted: 14 Nov 2011 09:38 AM PST It is not a normal market, but the GBPUSD has reversed the trend up on Friday with a trend down on Monday. The low on Friday reached 1.5893 before surging higher. The price has now taken out that low and looks next toward the Thursday low of 1.5867.
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| Forex Trading: AUDUSD Moves Below 100 Hour MA/Fibo Retracement Posted: 14 Nov 2011 09:38 AM PST The AUDUSD is below the 100 hour MA and the 38.2% of the move up from last weeks lows. Those levels come in at the 1.0225 and the 1.02295 level. Stay below these levels, and the traders will be looking toward a break of the 1.0194 level to provide the next downside clue for the pair (below 50% of the move up from last week and low for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| It’s Not Just Members Of Congress Who Benefit From Insider Trading, Congressaional Staff Also Gain Posted: 14 Nov 2011 09:38 AM PST Wall Street Journal (October 11, 2010) — “At least 72 aides on both sides of the aisle traded shares of companies that their bosses help oversee, according to a Wall Street Journal analysis of more than 3,000 disclosure forms covering trading activity by Capitol Hill staffers for 2008 and 2009. “Congressional staff are often privy to inside information, and an unscrupulous person could profit off that knowledge,” says Vincent Morris, a spokesman for Rep. Louise Slaughter (D., N.Y.), a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDCHF Tests The 0.9080/88 Target And Backs Off A Bit Posted: 14 Nov 2011 09:38 AM PST The USDCHF is up testing the ceiling area over the last few days of trading and has found some profit taking sellers on the first test.
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| Forex Trading: EURUSD Dips To Target Support And Bounces Posted: 14 Nov 2011 09:37 AM PST The EURUSD dipped to 1.3607 target (see prior post) and bounced (low reaached 1.3609). The level represents the 61.8% of the move up from last Thursday's low and was a floor on Friday before the surge higher. On the topside, a move above the 1.3645 (midpoint of the same move) remains a level to eye above for intraday technical clues.
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| Posted: 14 Nov 2011 09:31 AM PST Tetra Tech Inc. (NASDAQ:TTEK) has received a $225 million contract for its huge range of environmental restoration and remediation services. The services are being offered to the U.S. Army Corps of Engineers (USACE) in Louisville District. There are five big business teams, who are sharing the contract ceiling value.
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| Excel Maritime Upgraded To Neutral Posted: 14 Nov 2011 09:15 AM PST We upgrade our recommendation on Excel Maritime Carriers Limited (NYSE:EXM) to Neutral based on its current valuation, which plummeted 63.5% last year. This was primarily attributable to the gloomy prospects of the drybulk shipping industry. This sector is facing serious challenges since the spot vessel rates collapsed significantly. We believe the sole reason for this dismal condition is the sheer increase of newbuild ships under operation that resulted in intense price competition.
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| Pepsi Munches Brazil’s Cookie Maker Posted: 14 Nov 2011 09:01 AM PST The world's leading food and beverage retailer Pepsico Inc. (NYSE:PEP) has acquired Brazilian cookie company Grupo Mabel, for an undisclosed price. However, according to Bloomberg, sources with knowledge of the deal said that the retail giant would pay $450 million for the acquisition.
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| Mitsubishi UFJ Reports Profits Posted: 14 Nov 2011 09:01 AM PST Mitsubishi UFJ Financial Group Inc.(NYSE:MTU) reported six months ended September 30, 2011 net income of ¥696.1 billion (US$8.8 billion) versus ¥356.8 billion (US$4.0 billion) net earnings in the year-ago period. Diluted net income per common stock was ¥48.51 (61 cents) versus ¥24.53 (27 cents) in the prior-year period.
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| Kimco,General Growth To Revamp Mall Posted: 14 Nov 2011 09:01 AM PST Kimco Realty Corporation (NYSE:KIM) recently announced that it has entered into a joint venture with General Growth Properties Inc. (NYSE:GGP) for developing the Owings Mills Mall in Owings Mills, Maryland, in northwest Baltimore County. The 25-year old, 1 million square foot mall was previously owned by General Growth and the latter seeks to redevelop the property jointly with Kimco.
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| Eurozone In Focus Ahead Of Macro Reports Posted: 14 Nov 2011 09:01 AM PST Developments in Europe will remain the dominant issue in the market today given the relatively thin economic calendar. Italy appears to be taking the necessary steps to muddle through its debt problems and not drag down the entire Euro-zone project. This is helping calm some of the more exaggerated fears that had taken effect early last week.
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| October Sales Rise At Fastenal Posted: 14 Nov 2011 09:01 AM PST Fastenal Co. (NASDAQ:FAST) reported net sales of $246.7 million for October, up 21.4% from $203.2 million in the year-ago period. Average daily sales during the month amounted to $11.7 million versus $9.7 million in October 2010.
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| Posted: 14 Nov 2011 09:01 AM PST Goodyear Tire & Rubber Company (NYSE:GT) sold its 43-year old tire manufacturing plant in Union City, Tennessee to Titan Tire Corporation at an undisclosed price. Titan Tire Corporation produces tires for large earth-moving equipment, farm implements and other off-road vehicles.
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| Health Care REIT Updates Guidance Posted: 14 Nov 2011 09:01 AM PST Health Care REIT Inc. (NYSE:HCN), a real estate investment trust (REIT) that operates senior housing and health care real estate, has recently updated its recurring FFO (funds from operations) and FAD (funds available for distribution) guidance for fiscal 2011 to better reflect the effect of the just-concluded secondary offering of approximately 12.7 million shares.
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| Roche Eyes Cancer Drug Approval Posted: 14 Nov 2011 09:01 AM PST Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration (FDA) has accepted its new drug application (NDA) for vismodegib for review. The company is seeking approval of vismodegib for the treatment of patients with advanced basal cell carcinoma (BCC), whose lesions could not be operated or for whom surgery would result in substantial deformity.
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| Posted: 14 Nov 2011 09:01 AM PST Keep an Eye on AUXILIO AUXILIO (AUXO) is the only health care exclusive, vendor neutral Managed Print Services (MPS) firm that provides document production management strategies, services and solutions to hospitals throughout the United States. AUXILIO's continuous workflow improvement solutions enable hospitals and health systems to reduce costs and waste in their operational and clinical functions by managing the process of document production between printing and copying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| CMAC Contributes At DecisionPoint Systems Posted: 14 Nov 2011 09:01 AM PST CMAC contributes at DecisionPoint Systems On November 11, 2011, DecisionPoint Systems, Inc. (DPSI), an enterprise mobility and RFID systems integrator, reported financial results for its third quarter and nine months ended September 30, 2011. DecisionPoint reported solid results with year over year third quarter revenues steady at $16.446 million compared to $16.414 million for the restated third quarter 2010. However, third quarter revenue grew 24% sequentially over the second … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 09:01 AM PST Cardinal Health (NYSE:CAH) reported first-quarter fiscal 2011 (ended September 30) adjusted (excluding one-time expenses) earnings per share from continuing operations of 73 cents, exceeding the Zacks Consensus Estimate of 72 cents as well as the year-ago figure of 66 cents.
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| Posted: 14 Nov 2011 09:00 AM PST Leading health care products maker Covidien plc (NYSE:COV) is scheduled to release its fourth-quarter fiscal 2011 results on Tuesday, November 15. The Ireland-based company expects net sales for fiscal 2011 to grow 8% to 11% year over year.
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| Posted: 14 Nov 2011 09:00 AM PST RadioShack Corp.(NYSE:RSH) reported disappointing third quarter 2011 financial results, falling short of the Zacks Consensus Estimates.
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| Posted: 14 Nov 2011 09:00 AM PST Spanish telecom giant Telefonica (NYSE:TEF) reported disappointing results for the first nine months, with earnings per share of €1.20 ($1.68 per ADS) declining 10.4% year over year.
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| Earnings Preview: Jacobs Engineering Group Inc. Posted: 14 Nov 2011 09:00 AM PST Jacobs Engineering Group Inc. (NYSE:JEC) will be reporting its fourth-quarter and fiscal 2011 earnings on Tuesday, November 15, 2011.
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| Ben Willis : “After Italy… Spain” Posted: 14 Nov 2011 04:00 AM PST 11/14/11 Sunrise Securities’ Ben Willis discusses this week’s focus for the US equity markets and how ongoing EU woes will affect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Tumbles To 4-week Low On Warm Weather Outlook Posted: 14 Nov 2011 07:50 AM PST Forexpros – Natural gas futures fell sharply on Monday, tumbling to a four-week low as warmer weather forecasts and lingering concerns about growing U.S. inventories continued to dominate market sentiment. On the New York Mercantile Exchange, natural gas futures for December delivery traded at USD3.489 per million British thermal units during U.S. morning trade, tumbling 2.66%. It earlier fell by as much as 2.85% to trade at USD3.477 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 – Dollar Remains Higher Vs. Rivals Amid Italy Debt Concerns Posted: 14 Nov 2011 07:49 AM PST Forexpros – The U.S. dollar extended gains against most of its major counterparts on Monday, after Italy’s borrowing costs surged to record highs at an auction of five-year bills, underscoring concerns over the financial crisis in the euro zone. During European afternoon trade, the dollar was sharply higher against the euro, with EUR/USD dropping 0.85% to hit 1.3633. Italy's Treasury raised the maximum targeted amount of EUR3 billion at the sale, but yields on the five-year bonds rose to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 07:30 AM PST 11/14/11 Wall Street declined as Euro-zone concerns remained in the spotlight. Mario Monti stepped in as PM following Silvio Berlusconi’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Falls To New Session Low On E.Z. Fears Posted: 14 Nov 2011 07:29 AM PST Forexpros – The pound extended losses against the U.S. dollar on Tuesday, falling to a fresh session low as Italian borrowing costs surged to record highs after a government bond auction, weighing on demand for riskier assets. GBP/USD hit 1.5906 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5911, dropping 0.94%. The pair was likely to find support at 1.5753, the low of October 21 and resistance at 1.6119, the high of November 9. The pound continued to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Pulls Back From 15-week High As EZ Debt Woes Weigh Posted: 14 Nov 2011 07:23 AM PST Forexpros – Crude oil futures pulled back from a 15-week high on Monday, as a broadly stronger U.S. dollar and lingering concerns over Italy's debt crisis weighed on appetite for riskier assets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.49 a barrel during U.S. morning trade, tumbling 1.42%. It earlier fell by as much as 1.66% to trade at a two-day low of USD97.25 a barrel. Market sentiment was dented after Italy auctioned EUR3 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Tumbles On Fresh Italy Debt Fears, Data Posted: 14 Nov 2011 07:08 AM PST Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling to a session low as fresh fears over Italy's financial crisis and weak data on industrial output soured sentiment on the single currency. EUR/USD hit 1.3616 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.3628, tumbling 0.88%. The pair was likely to find support at 1.3522, the low of November 9 and resistance at 1.3794, Friday's high. Earlier in the day, Italy's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| After Berlusconi, The Debt Issues Continue Posted: 14 Nov 2011 02:00 AM PST 11/14/11 NYFP’s Morning Market Report: Despite new governments in Italy and Greece, the eurozone’s massive debt issues continue to remain a main focus for investors and helped push global equities lower to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Lower Amid E.Z. Caution; Dow Jones Down 0.38% Posted: 14 Nov 2011 06:53 AM PST Forexpros – U.S. stocks were lower on Monday, as Italian borrowing costs surged to record highs after a government bond auction, adding to concerns over the outlook in the euro zone. During early U.S. trade, the Dow Jones Industrial Average fell 0.38%, the S&P 500 index dropped 0.72%, while the Nasdaq Composite index slipped 0.39%. Italy's Treasury raised the maximum targeted amount of EUR3 billion at the sale, but yields on the five-year bonds rose to a euro-era high of 6.29%, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Trim Losses As Italy Debt Woes Linger Posted: 14 Nov 2011 06:52 AM PST Forexpros – Gold futures trimmed losses on Monday, as renewed concerns that the euro zone's sovereign debt crisis will worsen boosted the safe haven appeal of the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,785.55 a troy ounce during U.S. morning trade, easing down 0.14%. It earlier fell by as much as 0.87% to trade at a daily low of USD1,774.95 a troy ounce. Italy's Treasury auctioned EUR3 billion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Nov 2011 06:49 AM PST It’s P.J. O’Rourke’s 64th birthday today, here are some quotes: 1. Giving money and power to government is like giving whiskey and car keys to teenage boys. 2. If you think health care is expensive now, just wait until you see what it costs when it's free. 3. The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn’t work and then they get elected and prove … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Hits Session High In Risk Off Trade Posted: 14 Nov 2011 06:41 AM PST Forexpros – The U.S. dollar rallied to a session high against its Canadian counterpart on Monday, as ongoing uncertainty over the debt crisis in the euro zone curbed demand for higher yielding assets. USD/CAD hit 1.0194 during early U.S. trade, the session high; the pair subsequently consolidated at 1.0171, surging 0.70%. The pair was likely to find support at 1.0078, the days low and the pair's lowest since November 9 and resistance at 1.0244, the high of November 9. Market sentiment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Rising Italian And Spanish Borrowing Costs Weigh On Euro Posted: 14 Nov 2011 06:23 AM PST Fundamental Headlines
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| The Many Factors Fueling A Return To $100 Oil Posted: 13 Nov 2011 10:00 PM PST Oil prices rose about 5 percent last week to finish only a dollar short of regaining triple-digit status. Since dipping below $80 per barrel on October 3, West Texas Intermediate (WTI) prices have increased almost 28 percent. This increase is nearly twice that of the S&P 500 Index, up 15 percent since October 3, but reinforces a recent trend for oil prices—as equities go, so goes oil.
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