DailyMarkets.com - Mylan Settles With Novartis
DailyMarkets.com - Mylan Settles With Novartis |
- Mylan Settles With Novartis
- Second Blow To AT&T/T-Mobile Merger
- Bears In Control As Natural Gas Makes New Lows!
- Forex Trading: EURUSD Tests 38.2% Of The Last Leg Down At 1.34129
- Schlumberger Balances Risk, Reward
- S&W Seed Leases More Farmland
- Giving Thanks For Capitalism, The Invisible Hand, The Miracle Of The Market, And No Turkey Czars
- ACE Boosts Shareholders’ Return (revised)
- Hologic To Showcase Product Line-up
- U.S. Michigan Consumer Sentiment Index Declines Unexpectedly
- Highwoods Wins Life Point Deal
- Pfizer Signs Another Deal
- Forex – USD/CAD Hits 5-week High In Risk-off Trade
- Gold Futures Weaken As Stronger Dollar Weighs
- JA Solar Bleeds, Trims Outlook
- Deere Q4 Earnings Hit Record On Strong Sales
- A Cornucopia Of Data
- DFS
- Forex – EUR/JPY Unchanged At 6-week Low After U.S. Data
- Stock Market News Briefs: Campbell Soup Company, Focus Media Holding Limited, Frontline Ltd., Medtronic, Netflix, Valspar Corporation
- Core 5 Plan Boosts Fred’s Earnings
- U.S. Core Durable Goods Orders Rise More-than-expected
- RadioShack To Underperform
- U.S. Initial Jobless Claims Rise Unexpectedly
- U.S. Core PCE Price Index Rises Less-than-expected
- Chico’s Misses Estimate
- Disappointing 3Q For Citi Trends
- European Stocks Mixed After Poor German Auction; DAX Up 0.1%
- Canadian Solar Books Loss, Sales Up
- Forex – Dollar Strengthens Vs. Rivals On Euro Zone Fears
- Crude Oil, Gold Likely To Fall As Euro Debt Crisis Touches Germany
- Sugar Futures Fall To 5-month Low On India Export Outlook
- Forex – GBP/USD Hits 6-week Low After Poor German Bond Sale
- Forex – EUR/USD Tumbles To 6-week Low After German Debt Auction
- U.S. Futures Lower As EZ Concerns Weigh; Dow Jones Down 0.46%
- Soybean Futures Drop To 13-month Low As Risk Aversion Mounts
- Forex – USD/CHF Nears Six-week High On Euro Zone Concerns
| Posted: 23 Nov 2011 08:05 AM PST Mylan, Inc. (NYSE:MYL) recently announced a settlement agreement with Novartis (NYSE:NVS) relating to the generic version of Novartis' bioidentical estrogen therapy Vivelle-Dot. As a result of the resolution, the lawsuit filed by Novartis will be dismissed and Mylan can launch a generic version of Vivelle-Dot on December 16, 2013, or earlier under certain circumstances.
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| Second Blow To AT&T/T-Mobile Merger Posted: 23 Nov 2011 07:50 AM PST AT&T Inc.'s (NYSE:T) proposed $39 billion purchase of Deutsche Telekom's unit, T-Mobile USA, is facing another setback following opposition from the Federal Communications Commission (FCC).
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| Bears In Control As Natural Gas Makes New Lows! Posted: 23 Nov 2011 07:37 AM PST Wednesday, November 23, 2011
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| Forex Trading: EURUSD Tests 38.2% Of The Last Leg Down At 1.34129 Posted: 23 Nov 2011 07:36 AM PST |
| Schlumberger Balances Risk, Reward Posted: 23 Nov 2011 07:35 AM PST We maintain our Neutral rating on Schlumberger Limited (NYSE:SLB), a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry.
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| Posted: 23 Nov 2011 07:25 AM PST S&W Seed leases more farmland S&W Seed (SANW) announced on November 22, 2011 that it has leased 1,500 acres of farmland in Madera County, California. Part of the land just leased (450 acres) is currently producing S&W proprietary seeds. The company now has 2,300 acres under lease, 1,700 of which will be used to produce alfalfa seeds for sale in calendar 2012. Over the past three years the demand for alfalfa hay has fluctuated as cattle herds have shrunk and other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Giving Thanks For Capitalism, The Invisible Hand, The Miracle Of The Market, And No Turkey Czars Posted: 23 Nov 2011 07:25 AM PST Like in previous years, you probably didn’t call your local supermarket ahead of time and order your Thanksgiving turkey this year. Why not? Because you automatically assumed that a turkey would be there when you showed up, and it probably was there when you showed up “unannounced” at your local grocery store to select your bird. The reason your Thanksgiving turkey was waiting for you without an advance order? Because of “spontaneous order,” “self-interest,” and the “invisible hand” of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ACE Boosts Shareholders’ Return (revised) Posted: 23 Nov 2011 07:20 AM PST In a concerted effort to enhance shareholders value, ACE Limited (NYSE:ACE) intends to substantially boost its dividend. The board of directors will propose a 33% increase in the quarterly dividend at the extraordinary general meeting scheduled on January 9, 2012.
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| Hologic To Showcase Product Line-up Posted: 23 Nov 2011 07:20 AM PST Hologic (NASDAQ:HOLX), a leading player in the women's healthcare market, plans to showcase some of its latest products at the 97th Scientific Assembly and Annual Meeting of the Radiological Society of North America, starting November 26 to December 2, 2011 in Chicago.
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| U.S. Michigan Consumer Sentiment Index Declines Unexpectedly Posted: 23 Nov 2011 07:02 AM PST Forexpros – Consumer sentiment in the U.S. fell unexpectedly in November, official data showed on Wednesday. In a report, the University of Michigan’s said its index of overall consumer sentiment fell by 0.1 points to 64.1 in November, down from a preliminary estimate of 64.2. Analysts had expected the index to rise by 0.3 points to 64.5 in November. The Michigan consumer sentiment index stood at 60.9 in October. The index of inflation expectations held steady at 3.2% in November, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Highwoods Wins Life Point Deal Posted: 23 Nov 2011 07:00 AM PST Highwoods Properties Inc. (HIW) recently announced that it has secured a contract from Life Point Hospitals Inc. (LPNT) to develop its new corporate headquarters in the Brentwood submarket of Nashville. As per the terms of the deal, Highwoods will build a Class A office building for Life Point, spanning 203,000 square foot for approximately $48.4 million. The company expects to complete the construction by the end of 2013.
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| Posted: 23 Nov 2011 06:55 AM PST Pfizer Inc. (NYSE:PFE) recently announced its intention to acquire privately-owned biopharmaceutical company Excaliard Pharmaceuticals, Inc. With this acquisition, Pfizer will add a mid-stage candidate for the treatment of skin scarring to its pipeline.
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| Forex – USD/CAD Hits 5-week High In Risk-off Trade Posted: 23 Nov 2011 06:47 AM PST Forexpros – The U.S. dollar rose to a five-week high against its Canadian counterpart on Wednesday, as concerns over the deepening crisis in the euro zone and lackluster U.S. data clouded the outlook for riskier assets. USD/CAD hit 1.0454 during early U.S. trade, the pair's highest since October 6; the pair subsequently consolidated at 1.0435, gaining 0.51%. The pair was likely to find support at 1.0345, Tuesday's low and resistance at 1.0570, the high of October 6. Earlier in the day, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Weaken As Stronger Dollar Weighs Posted: 23 Nov 2011 06:44 AM PST Forexpros – Gold futures turned lower on Wednesday, erasing earlier gains as fears that the euro zone's sovereign debt crisis was worsening prompted investors to sell their gold positions to raise liquidity and cover losses elsewhere. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,692.75 a troy ounce during early U.S. morning trade, declining 0.57%. It earlier fell by as much as 0.87% to trade at a daily low of USD1,685.35 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| JA Solar Bleeds, Trims Outlook Posted: 23 Nov 2011 06:35 AM PST JA Solar Holdings Co. Ltd. (NASDAQ:JASO) announced a loss per American Depositary Share (EPADS) of 36 cents in its third quarter of 2011, which came way below the Zacks Consensus Estimate of a 2-cent loss. In the year-ago quarter the company clocked earnings per ADS of 50 cents.
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| Deere Q4 Earnings Hit Record On Strong Sales Posted: 23 Nov 2011 06:30 AM PST Forexpros – Deere & Company (DE), the Illinois based agriculture and construction equipment manufacturer, released earnings Wednesday morning. Deere finished the fourth quarter and 2011 financial year with record earnings and revenues. The company's fourth quarter earnings and revenues were USD670 million and USD8.612 billion respectively. For the year, earnings and revenues were also impressive, coming in at USD2.8 billion and USD32.0 billion respectively. For the same period last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 06:20 AM PST Given Thursday's Thanksgiving holiday and the abbreviated trading session on Friday, a lot of major economic releases have been squeezed into today's session. And despite the overall positive tone of this morning's U.S. economic releases, the market will likely remain fixated on the negative headlines from across the pond in Europe. This effectively ensures that stocks will sustain the downtrend of the last few days in another low-volume trading session today, bucking the typical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 06:20 AM PST As an extension to their current alliance and also to augment the acceptance of Discover and Diners Club card, Diners Club International, a unit of Discover Financial Services (NYSE:DFS), inked a merchant acquiring agreement with WorldPay, a leading international payment and risk service provider.
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| Forex – EUR/JPY Unchanged At 6-week Low After U.S. Data Posted: 23 Nov 2011 06:11 AM PST Forexpros – The euro was almost unchanged against the yen on Wednesday, trading close to a six-week low following the release of lackluster U.S. data while mounting concerns over the debt crisis in the euro zone also weighed. EUR/JPY hit 103.27 during European afternoon trade, the pair's lowest since Monday; the pair subsequently consolidated at 103.41, shedding 0.51%. The pair was likely to find support at 102.55, the low of October 7 and resistance at 104.11, the days high. Official … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 06:10 AM PST
Netflix, Inc. (NASDAQ:NFLX) said that it will sell $400 million in stock and convertible notes and cautioned of a reporting loss in 2012 Campbell Soup Co. (NYSE:CPB) posted first-quarter 2012 earnings of $0.82 per share that came in ahead of the Zacks Consensus Estimate of $0.80 per share Medtronic, Inc.'s (NYSE:MDT) second quarter 2012 adjusted earnings per share came in at $0.84, beating the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Core 5 Plan Boosts Fred’s Earnings Posted: 23 Nov 2011 06:05 AM PST Fred’s Inc.'s (NASDAQ:FRED) third quarter 2011 adjusted earnings shot up 20% year over year to 24 cents a share. The reported earnings also surpassed the Zacks Consensus Estimate by 2 cents.
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| U.S. Core Durable Goods Orders Rise More-than-expected Posted: 23 Nov 2011 05:51 AM PST Forexpros – U.S. core durable goods orders rose more-than-expected in October, official data showed on Wednesday. In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by a seasonally adjusted 0.7% in October, beating expectations for a modest 0.1% increase. The previous month's figure was revised down to a decline of 0.6% from a previously reported 1.7% gain. The report showed that durable goods orders, which include transportation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 05:50 AM PST The nightmare of RadioShack Corp. (NYSE:RSH) persists as the company continues with its disappointing performance. The company fell below the Zacks Consensus Estimates in the third quarter of 2011. Precipitous decline of the signature and consumer electronics retail businesses, adverse product-mix toward low-margin devices, and a volatile macro-economic scenario in the U.S. are taking toll on the company's financial results. Besides, weaker than expected growth of the mobile platform and growing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Initial Jobless Claims Rise Unexpectedly Posted: 23 Nov 2011 05:45 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, official data showed on Wednesday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending November 18 rose by 2,000 to a seasonally adjusted 393,000, confounding expectations for a decline of 1,000 to 390,000. The previous week's figure was revised up to 391,000 from 388,000, which was the lowest since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Core PCE Price Index Rises Less-than-expected Posted: 23 Nov 2011 05:40 AM PST Forexpros – The U.S. core personal consumption expenditure index rose slightly less-than-expected in October, official data showed on Wednesday. In a report, the Bureau of Economic Analysis said its seasonally adjusted core PCE price index rose by 0.1% in October, below expectations for a 0.2% increase and up from a flat reading in September. The core PCE price index rose at an annualized rate of 1.7% in October, in line with expectations, after rising at a rate of 1.6% in September. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 23 Nov 2011 05:35 AM PST Chico’s FAS Inc. (NYSE:CHS) reported third-quarter 2011 earnings of 18 cents per share, missing the Zacks Consensus Estimate by couple of cents. However, the quarterly earnings increased 13% from the prior-year quarter’s earnings of 16 cents per share.
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| Disappointing 3Q For Citi Trends Posted: 23 Nov 2011 05:20 AM PST Citi Trends Inc. (NASDAQ:CTRN) recently reported disappointing third-quarter 2011 results. The company’s net loss widened 12 folds to $4.9 million compared with $0.4 million in the year-ago quarter.
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| European Stocks Mixed After Poor German Auction; DAX Up 0.1% Posted: 23 Nov 2011 05:19 AM PST Forexpros – European stock markets fluctuated on Wednesday, after poor demand at a German bond auction exacerbated fears over the debt crisis in the euro zone, while some investors entered the market for bargain hunting. During European afternoon trade, the EURO STOXX 50 shed 0.5%, France's CAC 40 fell 0.45%, while Germany's DAX 30 edged 0.1% higher. Germany's Treasury auctioned just EUR3.64 billion of 10-year government bonds with the average yield set at 1.98% in an auction earlier. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canadian Solar Books Loss, Sales Up Posted: 23 Nov 2011 05:05 AM PST Canadian Solar Inc. (NASDAQ:CSIQ) reported an adjusted loss per share of 80 cents in the third quarter of 2011, compared with the Zacks Consensus Estimate of a loss of 51 cents per share.
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| Forex – Dollar Strengthens Vs. Rivals On Euro Zone Fears Posted: 23 Nov 2011 05:02 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as mounting concerns over the crisis in the euro zone boosted demand for the safe haven greenback, while markets eyed a flurry of U.S. data. During European afternoon trade, the dollar was sharply higher against the euro, with EUR/USD tumbling 0.91% to hit 1.3382. Germany's Treasury auctioned just EUR3.64 billion of 10-year government bonds with the average yield set at 1.98% in an auction earlier. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil, Gold Likely To Fall As Euro Debt Crisis Touches Germany Posted: 23 Nov 2011 05:01 AM PST Talking Points Crude Oil Anchored to Risk Trends as EU Crisis Touches Germany WTI Crude Oil (NY Close): $98.01 // +1.09 // +1.12%
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| Sugar Futures Fall To 5-month Low On India Export Outlook Posted: 23 Nov 2011 04:55 AM PST Forexpros – Sugar futures were down for a second day on Wednesday, falling to a five-month low after India approved an increase in exports, while fears over a slowdown in demand from top consumer China also weighed. On the ICE Futures U.S. Exchange, sugar futures for March delivery traded at USD0.2327 a pound during European afternoon trade, slumping 0.58%. It earlier fell by as much as 0.75% to trade at USD0.2325 a pound, the lowest since June 2. India's Industry Minister Anand Sharma … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Hits 6-week Low After Poor German Bond Sale Posted: 23 Nov 2011 04:36 AM PST Forexpros – The pound added to losses against the U.S. dollar on Wednesday, after poor demand at a German debt auction and weak euro zone data added to concerns over the debt crisis in the shared currency bloc, curbing risk appetite. GBP/USD hit 1.5554 during European afternoon trade, the pair's lowest since October 12; the pair subsequently consolidated at 1.5564, shedding 0.42%. Cable was likely to find support at 1.5421, the low of October 7 and resistance at 1.5691, Tuesday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Tumbles To 6-week Low After German Debt Auction Posted: 23 Nov 2011 04:00 AM PST Forexpros – The euro extended losses against the U.S. dollar on Wednesday, tumbling to a six-week low, after an auction of 10-year German government bonds met with poor demand and following a string of weak euro zone data. EUR/USD hit 1.3374 during European early afternoon trade, the pair's lowest since October 7; the pair subsequently consolidated at 1.3389, tumbling 0.85%. The pair was likely to find support at 1.3259, the low of October 5 and resistance at 1.3530, the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Futures Lower As EZ Concerns Weigh; Dow Jones Down 0.46% Posted: 23 Nov 2011 03:46 AM PST Forexpros – U.S. stock futures pointed to a broadly lower open on Wednesday, as downbeat euro zone economic data and concerns over global economic growth weighed on market sentiment. Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.66%, S&P 500 futures signaled a 0.77% decline, while the Nasdaq 100 futures indicated a 0.23% gain. Earlier in the day, official data showed that manufacturing activity in the euro zone fell to its lowest level since July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Soybean Futures Drop To 13-month Low As Risk Aversion Mounts Posted: 23 Nov 2011 03:32 AM PST Forexpros – Soybean futures were down sharply on Wednesday, trading at the lowest level in more than a year as mounting fears over the global economic outlook prompted investors to shun riskier assets. On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD11.3562 a bushel during European morning trade, tumbling 1.51%. It earlier fell by as much as 1.85% to trade at USD11.3438 a bushel, the lowest price since October 8, 2010. Agricultural commodities … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CHF Nears Six-week High On Euro Zone Concerns Posted: 23 Nov 2011 03:12 AM PST Forexpros – The U.S. dollar was trading close to a six-week high against the Swiss franc on Wednesday, as concerns over the debt crisis in the euro zone escalated after an auction of 10-year German government bonds met with poor demand and after a string of weak euro zone data. USD/CHF hit 0.9202 during European morning trade, the pair's highest since Monday; the pair subsequently consolidated at 0.9195, rising 0.60%. The pair was likely to find support at 0.9017, the low of November 10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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