Friday, November 18, 2011

DailyMarkets.com - GD Gives Egypt More Abrams Tank Kit

DailyMarkets.com - GD Gives Egypt More Abrams Tank Kit


GD Gives Egypt More Abrams Tank Kit

Posted: 18 Nov 2011 12:05 PM PST

General Dynamics Land Systems, a subsidiary of General Dynamics Corporation (NYSE:GD), has received an order worth $395 million from the U.S. TACOM Lifecycle Management Command to increase the number of M1A1 Abrams tank kits by 125 under the Egyptian tank co-production program.
The company has been providing components for kits used in the co-production program since 1992. These components are dispatched to a production facility near Cairo, Egypt where it is used for the manufacturing of tanks for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Rent-A-Center Opens In Watauga

Posted: 18 Nov 2011 12:05 PM PST

Rent-A-Center Inc. (NASDAQ:RCII), the largest rent-to-own operator in the U.S, recently announced the opening of a new store in Watauga, Texas. The company through its latest store expects to offer luxury furnishings, electrical devices, electronics and computers to the residents of this region.
The new showroom in Watauga will offer brands like HP, Ashley, Sony, Serta and Whirlpool. Rent-A-Center now operates through 282 locations in Texas.
The residents of Watauga will now have the benefit of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MeadWestvaco Spins Off Office Biz

Posted: 18 Nov 2011 12:05 PM PST

MeadWestvaco Corporation (NYSE:MWV) has entered into an $860 million "spin-merge" deal under which it will spin off its Consumer and Office Products business. The unit will then merge with ACCO Brands Corporation (NYSE:ABD), one of the world's largest office supply manufacturers.
The transaction is expected to be completed in the first half of 2012. At closing, MeadWestvaco shareholders will receive 50.5% of the shares of ACCO Brands stock and the company will receive $460 million of cash. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


IDEX Corporation Opens New Facility

Posted: 18 Nov 2011 11:55 AM PST

IDEX Corporation (IEX) recently opened a IDEX Fluid & Metering Pvt. Ltd.  The facility is located in Savli, Vadodara, India. IDEX Fluid & Metering systems design produce and distribute some of the most recognized names in positive displacement pumps and flow meters, compressors, injectors, and other fluid-handling pump modules and systems. These are used in a wide variety of severe duty and/or highly precise fluid-handling applications.
IDEX Corporation designs, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Tyco’s Acquisition Spree In FY 2011

Posted: 18 Nov 2011 11:50 AM PST

Given the stiff competition in its served markets, Tyco International (NYSE:TYC) has resorted to a number of acquisitions. The company's focus has been on its expansion into emerging markets, the broadening of its technology portfolio and the ultimate strengthening of its competitive position.
Some Important Acquisitions
In April, Tyco acquired Signature Security for AU$ 171 million in cash. Signature expanded the company's sales, installation and service capabilities to residential and small … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Baxter Acquires Baxa

Posted: 18 Nov 2011 11:50 AM PST

Baxter International (NYSE:BAX) recently revealed that it accomplished its planned takeover of Baxa Corporation, in a cash deal amounting to $380 million. Baxa is a privately held, world-wide company, operating out of Englewood, Colorado, which produces pharmacy know-how that improves the safety and efficiency of IV and oral dose preparation and delivery.   
A spokesman for Baxter stated that this takeover highlights the company's continued commitment toward patient safety and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EU Approval For Pfizer Drug

Posted: 18 Nov 2011 11:35 AM PST

Pfizer (NYSE:PFE) recently received EU approval for Vyndaqel (tafamidis) for the treatment of transthyretin familial amyloid polyneuropathy (TTR-FAP) in adult patients with stage I symptomatic polyneuropathy.
The approval was expected as Vyndaqel had received a positive recommendation from the Committee for Medicinal Products for Human Use (CHMP) in July 2011. Approval was granted on the basis of results from a pivotal clinical study and an open-label, 12-month extension study.
As far as US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Boeing And Lion Air In Mega Deal

Posted: 18 Nov 2011 11:20 AM PST

Leading commercial airline maker Boeing Co. (NYSE:BA) said it received a commitment for 201' 737 MAXs and 29' Next-Generation 737-900 ERs (extended range) from Indonesia based Lion Air. This agreement has the potential for an additional order of 150' 737 airplanes.
Lion Air is the largest private airline operator in Indonesia and has been successfully operating a fleet of Next Generation 737s. The company placed its first order to Boeing on June 30, 2005 for 30' 737-900 ERs. Till date the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Scorecard: Lowe’s

Posted: 18 Nov 2011 11:05 AM PST

Amidst global economic unrest and cautious consumer behavior Lowe's Companies Inc. (NYSE:LOW), the world's second largest home improvement retailer, recently posted better-than-expected third-quarter 2011 results and raised its fiscal 2011 sales outlook.
Street analysts had enough time to ponder on the company's scores. In the paragraphs that follow, we cover the recent earnings announcement, subsequent estimate revisions by analysts as well as the Zacks Rank and long-term recommendation for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Regency Centers Secures Funds

Posted: 18 Nov 2011 10:50 AM PST

Regency Centers Corporation (NYSE:REG), a real estate investment trust (REIT), has recently closed a $250 million unsecured term loan to increase its liquidity and fund its huge development pipeline. The five-year term loan is scheduled to mature in December 2016 and includes an accordion feature that would enable Regency to repay it fully before maturity without any prepayment charges. 
Wells Fargo Securities LLC, the investment banking division of Wells Fargo & Company (NYSE:WFC) is acting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – NZD/USD Down During The U.S. Session

Posted: 18 Nov 2011 10:45 AM PST

Forexpros – The New Zealand Dollar was lower against the U.S. Dollar on Friday.

NZD/USD was trading at 0.7582, down 0.11% at time of writing.

The pair was likely to find support at 0.7554, today's low, and resistance at 0.7906, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.49% to hit 1.3241 and EUR/NZD rising 0.63% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ferrellgas Buys Wisconsin Propane Co.

Posted: 18 Nov 2011 10:35 AM PST

Ferrellgas Partners L.P. (NYSE:FGP), a leading distributor of propane and equipment in the U.S., said it has acquired Wisconsin-based Polar Gas Company. The acquisition significantly strengthens Ferrellgas’ footprint in Wisconsin, a key cold-weather market.
Situated in Poplar, Wisconsin, Polar's operations also include a satellite office in nearby Solon Springs. The company's operations greatly complement Ferrellgas' already strong presence in Wisconsin as well as position it as a seamless … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Exxon In LNG Export Dilemma

Posted: 18 Nov 2011 10:20 AM PST

ExxonMobil Corporation (NYSE:XOM) is mulling over exporting liquefied natural gas (LNG) from North America. With 340,000 shale gas acres in Western Canada's Horn River Basin, ExxonMobil is the largest gas producer in North America.
In the past, the company was bullish on domestic U.S. consumption and had even spent nearly $2 billion to build the Golden Pass LNG terminal near the Texas-Louisiana border. Now, however, the company is evaluating export options as LNG supply is superseding the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Costa: “Market Will Be Up…before Mid-December”

Posted: 18 Nov 2011 10:20 AM PST

11/18/11 Empire Executions’ Peter Costa discusses the bigger picture: EU debt woes, the Super Committee deadline and prospects for a Santa Claus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AMAG Hires Financial Advisor

Posted: 18 Nov 2011 10:05 AM PST

AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) recently announced that it has hired Jefferies & Company, Inc. (NYSE:JEF) as financial advisor to help it evaluate strategic alternatives to enhance stockholder value. The options under the anvil would also include a potential sale, merger or acquisition. Jefferies and Company is expected to show AMAG the best path forward, by leveraging its core assets. AMAG's core assets are its sole marketed product Feraheme, its balance sheet and its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Remains Positive

Posted: 18 Nov 2011 10:00 AM PST

11/18/11 The euro currency remains slightly higher against the dollar this afternoon on growing rumors of possible fund lending from the ECB to the IMF and mostly strong economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up In U.S. Trade

Posted: 18 Nov 2011 10:00 AM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5792, up 0.24% at time of writing.

The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8558 and GBP/JPY rising 0.17% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Patriotic Millionaires Want Higher Taxes On Rich, But Are Unwilling To Voluntarily Pay Higher Taxes

Posted: 18 Nov 2011 09:58 AM PST

Washington — “Two dozen "patriotic millionaires" traveled to the Capitol on Wednesday to demand that Congress raise taxes on wealthy Americans.

The Daily Caller attended their press conference with an iPad, which displayed the Treasury Department's donation page, to find out if any of the "patriotic millionaires" were willing to put their money where their mouth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Analyst Interviews: Alt-Energy Stock Outlook

Posted: 18 Nov 2011 09:50 AM PST

Historically, the growth outlook of alternative energy companies has been inversely related to the prices of petroleum products and directly related to the fortunes of the economy. In the near term, however, the fortunes of the alternative energy players are undergoing a radical transformation.

On one hand, the continuing European debt crisis has led to the U.S. Federal Reserve reducing its growth forecast, raised projections for unemployment and leaning on buying more mortgage debt to tide … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Preview: Hewlett-Packard

Posted: 18 Nov 2011 09:50 AM PST

Hewlett Packard Company (NYSE:HPQ) is scheduled to announce its fourth quarter 2011 results on October 21, 2011, and we do witness some variation in analysts' estimates at this point.
Third Quarter Overview
The company reported third quarter 2011 earnings per share (EPS) of $1.10, exceeding the Zacks Consensus Estimate. However, revenue of $31.2 billion inched up 1.0% on a year-over-year basis. The company witnessed revenue growth across most of its business segments, except the Personal Systems … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Intuit Reports Narrower Loss

Posted: 18 Nov 2011 09:50 AM PST

Intuit Inc. (NASDAQ:INTU) reported first quarter 2012 adjusted loss of 18 cents per share, narrower than the Zacks Consensus Estimate of a loss of 20 cents.
Revenue
Intuit reported revenues of $594.0 million in the first quarter of 2012, up 11.7% from $532.0 million in the prior-year quarter. Reported revenues also surpassed management's guidance range of $575.0 million to $585.0 million.
Product revenues increased 2.8% year over year to $222.0 million, while Services and Other revenues climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Merck’s Vorapaxar Disappoints

Posted: 18 Nov 2011 09:35 AM PST

Disappointing results were recently presented on Merck's (NYSE:MRK) anti-clotting candidate, vorapaxar, at the American Heart Association. Results from the TRACER (Thrombin Receptor Antagonist for Clinical Event Reduction in Acute Coronary Syndrome) study showed that vorapaxar failed to meet its primary endpoint.
Results were presented from the TRACER study which compared vorapaxar plus standard of care to placebo plus standard of care in 12,944 patients with acute coronary syndrome … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Oil, Distillate Stocks Shrink

Posted: 18 Nov 2011 09:35 AM PST

The U.S. Energy Department’s weekly inventory release showed that crude inventories moved down, while gasoline stocks added to their supplies. The agency's report further revealed that distillate stockpiles declined for the seventh-straight week. Meanwhile, refiners improved processing rates by 2.2%.
The Energy Information Administration (“EIA”) Petroleum Status Report – which contains data for the previous week ending Friday, outlines information regarding the weekly change in petroleum … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Alcoa, Embraer In Technology Deal

Posted: 18 Nov 2011 09:35 AM PST

Alcoa Inc. (NYSE:AA)  announced that it has reached a deal with Embraer S.A. (ERJ) to supply its products for the latter’s next-generation airliners.
As per the agreement Embraer S.A. will utilize Alcoa’s proprietary aluminum alloys, advanced design and manufacturing techniques, and its fastener technologies to support Embraer’s development of new high-performance metallic fuselage and wing solutions for its family of aircraft.
The new agreement will leverage Alcoa’s 100 years of aerospace … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Raleigh, NC – Home Price Trends – Nov. 2011

Posted: 18 Nov 2011 09:23 AM PST

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


WellPoint Signs Deal

Posted: 18 Nov 2011 09:20 AM PST

Yesterday, the State Sponsored Business division of  WellPoint Inc. (NYSE:WLP) announced an agreement to serve as an administrative subcontractor for the Texas STAR and CHIP contract of Blue Cross and Blue Shield of Texas (BCBST).
Consequently, WellPoint Partnership Plan LLC, which is affiliated with the group company, will provide claims administration, customer service and medical and quality management to BCBST in the Travis Service area, comprising the counties of Travis, Bastrop, Burnet, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CNBC Smackdown: Rep. Bachus Vs. Schweizer

Posted: 18 Nov 2011 09:06 AM PST

On Wednesday night’s Kudlow Report, Rep. Spencer Bachus responded to charges of insider trading made by Peter Schweizer in his new book:

Peter Schweizer responded to Rep. Bachus last night on the Kudlow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Magna To Buy European Operations

Posted: 18 Nov 2011 09:05 AM PST

Magna International Inc. (NYSE:MGA) recently announced that it has entered into an agreement to acquire four die casting operations of BDW Technologies in Europe. Two of the to-be acquired operations are located in Germany, one in Hungary and the remaining one in Poland.
BDW Technologies, based in Germany, is a manufacturer of vacuum high-pressure aluminum die-casting structural and nonstructural parts for the automotive industry. The company's major customers include Volkswagen, Audi, Porsche, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Close Lower; Dax Down 0.63%

Posted: 18 Nov 2011 09:05 AM PST

Forexpros – European stocks were down after the closing bell on Friday.

At the close of European trade, Germany's DAX fell 0.63%, London's FTSE 100 shed 0.91%, France's CAC 40 declined 0.33% and the EURO STOXX 50 was down 0.06%.

Meanwhile, on Wall Street, equity markets were mixed after the open. The Dow Jones Industrial Average was up 0.07%; the S&P 500 index shed 0.25%, while the Nasdaq 100 index declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up At The End Of European Session

Posted: 18 Nov 2011 09:00 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3520, up 0.46% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8566 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Heinz Beats On Top-Line

Posted: 18 Nov 2011 08:50 AM PST

H.J. Heinz Co. (NYSE:HNZ) posted better-than-expected second quarter 2012 adjusted earnings of 81 cents per share, exceeding the Zacks Consensus Estimate by a penny. The earnings also surpassed the prior-year earnings of 78 cents by 3.8%.
Including productivity initiatives charges of 8 cents, earnings declined 6.4% to 73 cents in the reported quarter.
About 3 cents of the increases in earnings were driven by increased sales, lower taxes and favorable foreign exchange rates. Robust sales growth was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Activision’s MW3 Shines Again

Posted: 18 Nov 2011 08:50 AM PST

Activision Blizzard Inc. (NASDAQ:ATVI) is basking in the glory of its recently launched title Call of Duty: Modern Warfare 3. According to Charttrack and retail customer sell-through information, Activision has already raked in more than $775 million in sales in the first five days of its release. This blizzard performance broke the previous five-day records of $650 million in sales that were set by Call of Duty: Black Ops (in 2010) and $550 million set by Call of Duty: Modern Warfare 2 (in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Molycorp Stumbles, Avalon And Lynas Delay, Ucore Shines

Posted: 18 Nov 2011 08:48 AM PST

Our service is growing increasingly aware that Ucore (UURAF) is the little David that has the potential of besting the Goliaths in the rare earth area. Recently, we took a field trip out to Alaska's Mt. Bokan to assess the situation with our own eyes. This was followed by a trip to Hazen Labs in Denver to determine the economic viability of extricating the heavy rare earth concentrate from the underlying rock.
It is all good and well for companies to deluge investors with hyperbole. After … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The 25 Worst Passwords Of 2011

Posted: 18 Nov 2011 08:44 AM PST

From PC Mag, the annual list of the 25 worst passwords is out, based on actual compromises.  Here’s the Top Ten worst passwords for 2011:

1. password 
2. 123456 
3. 12345678 
4. qwerty 
5. abc123 
6. monkey 
7. 1234567 
8. letmein 
9. trustno1 
10. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Reiterating Hanger At Neutral

Posted: 18 Nov 2011 08:40 AM PST

We reaffirm our Neutral rating on orthotic and prosthetic (O&P) company Hanger Orthopedic (NYSE:HGR) following its mixed third quarter results. Adjusted earnings of 46 cents per share for the quarter beat the Zacks Consensus Estimate by a penny. Profit more than doubled year over year on the back of higher sales and lower relocation charges.
Revenues climbed roughly 14% year over year to $235.3 million, yet missed the Zacks Consensus Estimate. Revenues were boosted by higher sales from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/JPY Down Toward The End Of European Session

Posted: 18 Nov 2011 08:40 AM PST

Forexpros – The U.S. Dollar was lower against the Japanese Yen on Friday.

USD/JPY was trading at 76.92, down 0.09% at time of writing.

The pair was likely to find support at 76.58, today's low, and resistance at 77.50, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.42% to hit 1.3515 and GBP/USD rising 0.18% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up Toward The End Of European Session

Posted: 18 Nov 2011 08:25 AM PST

Forexpros – The British Pound was higher against the U.S. Dollar on Friday.

GBP/USD was trading at 1.5777, up 0.15% at time of writing.

The pair was likely to find support at 1.5691, Thursday's low, and resistance at 1.6092, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.26% to hit 0.8564 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


US Stocks Mixed, Tech Sector Drags On Market

Posted: 18 Nov 2011 08:10 AM PST

11/18/11 The major US stock averages opened mixed, with the Dow on track for its worst week in two months. There was some relief as EU bond yields came off recent highs. The ECB intervened in the secondary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Up During The European Session

Posted: 18 Nov 2011 08:00 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Friday.

EUR/USD was trading at 1.3523, up 0.49% at time of writing.

The pair was likely to find support at 1.3422, Wednesday's low, and resistance at 1.3789, Monday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.27% to hit 0.8565 and EUR/JPY rising 0.37% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/JPY Up In European Trading Hours

Posted: 18 Nov 2011 07:40 AM PST

Forexpros – The British Pound was higher against the Japanese Yen on Friday.

GBP/JPY was trading at 121.38, up 0.08% at time of writing.

The pair was likely to find support at 120.89, Thursday's low, and resistance at 124.16, Monday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.25% to hit 1.5794 and EUR/GBP rising 0.34% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Rebounds Above $100

Posted: 18 Nov 2011 07:15 AM PST

11/18/11 Following yesterdays steep drop, the rebound in global equities this morning from those lows has allowed front month crude prices to trade and remain above $100 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


What Happened To The Symmetrical Triangle

Posted: 18 Nov 2011 07:11 AM PST

Markets like such as we’ve been suffering through since June tests the loyalty and dedication of most believers in charting as a trading tool. Nothing that’s happen in the market since the European crisis fully bloomed at summer’s beginning has been actionable for trend followers with any degree of confidence or certainty.
Chart patterns actually represent the convergence in time and space (i.e., prices for stocks and levels for indexes) of a condition of balance between supply and demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Drop As ECB’s Role In Question

Posted: 18 Nov 2011 01:15 AM PST

11/18/11 NYFP’s Morning Market Report: As France and Germany continue to disagree on the role of the ECB, global equities were once again trading lower to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Big Shift In Gold Demand

Posted: 17 Nov 2011 10:00 PM PST

Yesterday we discussed how the landscape of gold mine production has changed over the past 40 years. (Read "South Africa's Incredibly Shrinking Gold Production" now.) Today, we focus on the other half of the economic model—gold demand's big shift from the West to the East.
In 1970, according to the latest World Gold Council (WGC) report, half of the world's gold was purchased in two regions—North America and Europe. Ten years later, that figure jumped all the way to 68 percent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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