Thursday, November 3, 2011

DailyMarkets.com - Natural Resource Partners Emerges Stronger

DailyMarkets.com - Natural Resource Partners Emerges Stronger


Natural Resource Partners Emerges Stronger

Posted: 03 Nov 2011 11:55 AM PDT

Natural Resource Partners L.P. (NYSE:NRP), a Texas-based Energy Company that engages in the business of owning and managing mineral reserve properties, posted third-quarter 2011 operating earnings of 57 cents per unit, substantially above the Zacks Consensus Estimate of 41 cents. The partnership's third quarter earnings were also ahead of the year-ago earnings of 51 cents.
Revenue
Natural Resource Partners' third quarter total revenue recorded a 29% improvement reaching $103.8 million mainly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


NYSE Profit Rockets

Posted: 03 Nov 2011 11:50 AM PDT

NYSE Euronext Inc.'s (NYSE:NYX) third quarter 2011 operating earnings per share of 71 cents came in a couple ahead of the Zacks Consensus Estimate but substantially higher than 46 cents recorded in the year-ago quarter. Consequently, operating net income surged 54% year over year to $186 million from $121 million in the year-ago quarter.
NYSE reported GAAP net income of $200 million or 76 cents per share as compared with $128 million or 49 cents per share in the prior-year quarter. These include … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kellogg Misses, Provides Guidance

Posted: 03 Nov 2011 11:50 AM PDT

Kellogg Company (NYSE:K) has posted third-quarter 2011 earnings of 80 cents per share, missing the Zacks Consensus Estimate of 89 cents. The earnings also lagged the prior-year earnings of 90 cents per share by 11%. On a currency-neutral basis, the earnings in the reported quarter plummeted 13% year over year.

Kellogg's results were driven by weak economic environment, increased cost of goods sold, increased supply-chain costs and due to the reinstatement of incentive compensation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Energy Transfer Underperforms

Posted: 03 Nov 2011 11:50 AM PDT

Pipeline operator Energy Transfer Partners L.P. (NYSE:ETP) announced disappointing third quarter 2011 results, hurt by weak Intrastate Transportation and Storage business and higher operating expenses.
The owner of the biggest intrastate pipeline system in Texas reported loss per unit of 19 cents, as against the earnings per share of 5 cents in the prior-year quarter. The results were way below our earnings estimate of 28 cents.
Quarterly revenues of $1,715.3 million missed our projection of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Enterprise Prospers On Vol Growth

Posted: 03 Nov 2011 11:35 AM PDT

Enterprise Products Partners LP (NYSE:EPD) reported record third quarter 2011 results, fueled by natural gas, natural gas liquid (NGL) and crude oil production growth in the shale regions as well as strong demand for NGLs in the U.S. petrochemical industry and global markets. Earnings per limited unit of 55 cents surpassed the Zacks Consensus Estimate of 50 cents and grew a whopping 206% from 18 cents earnings a year ago.
Quarterly distribution at Enterprise increased 5.2% year over year to 61.25 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hot Option Plays: Papandreou Out?

Posted: 03 Nov 2011 11:32 AM PDT

Cusick’s Corner
As I write this the market is coming off its best levels of the session, 1256 on the S&Ps, which is through a critical resistance level that I wanted to see sliced through. I expect that there should be some decent chop at these levels, watch $94.40 on Crude; I will be watching these levels to see if any momentum picks up to the upside or if the headlines continue to stall any attempts to further run. Be careful of the political rhetoric that is flowing out of the EU this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ValueClick Crushes 3Q Estimates

Posted: 03 Nov 2011 11:20 AM PDT

ValueClick Inc. (NASDAQ:VCLK) reported third quarter 2011 earnings (including stock-based compensation but excluding amortization of intangibles) of 52 cents per share that stormed past the Zacks Consensus Estimate of 21 cents per share. Moreover, reported earnings rose 8.3% from 48 cents in the prior-year quarter.
Earnings on a non-GAAP basis (excluding both amortization of intangibles and stock-based compensation expense) came in at 55 cents per share, substantively above management's guided … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


J2 Global Misses EPS, Rev Soars

Posted: 03 Nov 2011 11:20 AM PDT

j2 Global Communications Inc. (NASDAQ:JCOM) reported excellent third quarter 2011 financial results yesterday, after market close. The company generated record high revenues in the reported quarter. In the after market trade in NASDAQ, the stock price of j2 Global climbed $0.33 (1.11%) to $30.
Quarterly GAAP net income came in at $25.5 million or 54 cents per share compared with $19.8 million or 43 cents per share in the year-ago quarter. However, third quarter adjusted (excluding special items) EPS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


News Corp. Beats On Both Sides

Posted: 03 Nov 2011 11:05 AM PDT

Despite economic turbulence and losing sheen in the stock market on account of the phone hacking scandal that resulted in the closure of the publication News of the World and abstinence from acquiring the remaining 61% stake in the British Sky Broadcasting Group, News Corporation (NWSA) posted first-quarter 2012 financial results that beat the Zacks' expectations.
The better-than-expected results came in at a juncture that not only cheered the shareholders, but it diverted their attention … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Whole Foods Beats By A Penny

Posted: 03 Nov 2011 11:05 AM PDT

Whole Foods Market Inc. (WFM) recently posted better-than-expected fourth-quarter 2011 results on the heels of strong sales as shoppers flocked to the grocery chain. The company has been gaining market share compared with other supermarket chains.
Let's Dig Deep
Austin, Texas based company – Whole Foods – said that quarterly earnings of 42 cents a share beat the Zacks Consensus Estimate by a penny, and jumped 27.3% from 33 cents earned in the prior-year quarter.
Whole Foods, one of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Revenues Rise At Bayer

Posted: 03 Nov 2011 11:05 AM PDT

Bayer's (BAYRY) earnings per share during the third quarter of 2011 came in at €1.12 (approx. $1.58) compared to €0.95 (approx. $1.22) in the year-ago period. Higher revenues boosted earnings. The emerging markets performed well during the quarter.
The company recorded a 1.0% growth in revenues, amounting to €8,670 million. Growth was approximately 4.8% on an adjusted basis. Growth was witnessed across the Material Science and Crop Science divisions at Bayer, driven primarily by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DIRECTV Misses But Users Grow

Posted: 03 Nov 2011 11:05 AM PDT

DIRECTV (NASDAQ:DTV), the largest satellite TV operator of the U.S., delivered excellent third quarter 2011 financial results today before the opening bell. The solid result was primarily attributed to the combined effect of double-digit revenue growth, significant margin expansion, and record net customer additions. Management's aggressive promotional plan of offering popular NFL SUNDAY TICKET coupled with upgrading customers with premium plans worked wonders for the company.
During the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Liberty Global Posts Robust 3Q

Posted: 03 Nov 2011 11:05 AM PDT

Yesterday, after market close, Liberty Global Inc. (NASDAQ:LBTYA) declared solid financial results for the third quarter of 2011. In the previous quarter, the company added a net 327,000 revenue generating units (RGU), up 96% year over year. This is a historic high third-quarter performance.
Quarterly GAAP net loss was $333.1 million or $1.18 per share compared with a net income of $278.5 million or 99 cents per share in the prior-year quarter. However, the third quarter of 2011 adjusted (excluding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Apache Reaps Big Profit In 3Q

Posted: 03 Nov 2011 10:59 AM PDT

U.S. energy firm Apache Corp. (NYSE:APA) reported strong third-quarter results, mainly due to increased volumes and higher realized oil prices.
Earnings per share, excluding one-time items, reached $2.95, comfortably surpassing the Zacks Consensus Estimate of $2.82 and way above the year-ago adjusted profit of $2.20.
Revenues of $4,328.0 million were up 43.6% from the third quarter of 2010 and also managed to beat our projection of $4,172.0 million.
Operational Performance
The production of oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Energizer Reports Mixed 4Q

Posted: 03 Nov 2011 10:59 AM PDT

Energizer Holdings Inc. (NYSE:ENR) reported fourth quarter 2011 non-GAAP earnings of $1.21 per share, up 35.8% from the previous-year quarter. However, the reported earnings per share (EPS) failed to beat the Zacks Consensus Estimate of $1.25.
Operating Performance
Gross profit increased 10.5% from the prior-year quarter to $546.0 million. Gross margin declined 100 basis points (bps) on a year-over-year basis to 45.6%. Gross margin took a hit of approximately 180 bps dragged by the inclusion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Sara Lee Beats, Affirms EPS Outlook

Posted: 03 Nov 2011 10:55 AM PDT

Sara Lee Corp. (NYSE:SLE), one of the world's leaders in manufacturing and marketing of a range of branded packaged meat, bakery, and beverage products, registered decent first quarter 2012 earnings of 18 cents per share that shot up by 50% from 12 cents posted in the year-ago period. Earnings also exceeded the Zacks Consensus Estimate by a penny.
However, higher commodity costs and some charges led to a loss of 6 cents per share in the quarter, including impairment charges and one-time items. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ISM Service Index Disappoints

Posted: 03 Nov 2011 10:55 AM PDT

The Institute for Supply Management's Non-Manufacturing, or Service, survey fell in October to 52.9 from 53.0 in September. It was worse than the consensus expectation that it would rise to 53.8.

It is not a great reading in an absolute sense. Over the last year it has averaged 55.3, and it hit a high or 59.7 in February. Still, it is strong evidence that we are not (yet) in a recession. Like its venerable brother, the Manufacturing survey, this is a "magic 50" index where any reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Thoratec 3Q Mixed, Trims Sales View

Posted: 03 Nov 2011 10:55 AM PDT

Thoratec Corp's (NASDAQ:THOR) third-quarter fiscal 2011 adjusted (excluding one-time items other than stock-based compensation expenses) earnings per share of 34 cents beat the Zacks Consensus Estimate of 31 cents.
The stock suffered a loss of 12.7% to close at $30.46 as of November 2, 2011 due to lower sales outlook issued by the company for fiscal 2011.
Profit (as reported) from continuing operations rose 22.7% year over year to $19 million (or 31 cents per share) owing to double-digit expansion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FOMC Forecasts

Posted: 03 Nov 2011 10:40 AM PDT

The first rule of forecasting should be don't do it. Nothing good comes from it. The second rule, is, if you give a number, don't give a date; or, if you give a date, don't give a number. My rule, the third rule, is, if you have to do it, do it often.
Much has been made of yesterday's FOMC "forecast" of the economy being downgraded. Many critics noted that they are just now, with a long lag, catching up to private sector forecasts. Well, duh! The problem is they don't do it often … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mixed Bag From Gen-Probe

Posted: 03 Nov 2011 10:35 AM PDT

Diagnostic products maker Gen-Probe's (NASDAQ:GPRO) third-quarter fiscal 2011 adjusted (excluding one-time charges) earnings of 57 cents trounced the Zacks Consensus Estimate by 3 cents while matching the year-ago adjusted earnings of 57 cents.
However, the California-based company swung to a loss in the third quarter, hammered by a $39.5 million impairment loss on its equity investment in privately held DNA sequencing firm Pacific Biosciences (PacBio). Gen-Probe, in June 2010, made a $50 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD 100 Hour MA Looking To Be Tested At 1.3834

Posted: 03 Nov 2011 10:31 AM PDT

The level comes in at the 1.3834 level. The 38.2% of the move down for the week comes in at the 1.3822 level. The high for today comes in at the 1.38337 level. Yesterday high came in at the 1.3827 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


“Big Surprise…Draghi And ECB Cut”

Posted: 03 Nov 2011 10:23 AM PDT

11/03/11 Sunrise Securities’ Ben Willis discusses whipsaw trading in today’s session and weighs in on the drop in Jefferies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Genomic Health Beats On EPS

Posted: 03 Nov 2011 10:15 AM PDT

Genomic Health (NASDAQ:GHDX) reported an EPS of 10 cents in the third quarter of fiscal 2011, way above the Zacks Consensus Estimate of 4 cents, but lower than 12 cents in the year-ago period.
Total revenue in the reported quarter climbed 12.5% year over year to $52.1 million, marginally missing the Zacks Consensus Estimate of $53 million. Product revenues (primarily from the Oncotype DX breast cancer test) climbed approximately 13% to $51.7 million in the quarter.
Contract revenues accounted for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Qiagen Posts A Mixed Quarter

Posted: 03 Nov 2011 10:05 AM PDT

Qiagen (NASDAQ:QGEN) reported adjusted EPS of 24 cents in the third quarter of fiscal 2011, beating the Zacks Consensus Estimate of 21 cents but a penny lower than the prior-year quarter.
Net sales in the quarter stood at $288.9 million, up 5% year over year (up 1% at constant exchange rates or CER) but lagged the Zacks Consensus Estimate of $291 million. However, excluding the contributions from Cellestis (since August 29) and Ipsogen (since July 12), total sales declined 3% at CER.  
Under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Romania Central Bank Cuts Rate 25bps To 6.00%

Posted: 03 Nov 2011 10:03 AM PDT

The Banca Nationala a Romaniei cut its key monetary policy interest rate by 25 basis points to 6.00% from 6.25%.  The Bank said: “A significant improvement was recorded by the short-term inflation outlook, in line with NBR expectations regarding the end of the cycle of supply-side shock effects following the VAT rate hike that affected the economy and the favourable impact of the domestic agricultural production. However, the balance of medium‑term risks is still asymmetric, as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Initial Claims Fall Below Key 400K Level

Posted: 03 Nov 2011 09:59 AM PDT

Initial Claims for Unemployment Insurance finally broke below the key 400,000 level. This week they fell by 9,000, but only after the previous week was revised up by 4,000. So regardless if you count it as a drop of 9,000 or 5,000, we are still at 397,000. This was slightly better than the expected level of 404,000.

Now we just have to stay below the 400,000 level. We have been here before in the last few months, only to see the achievement revised away the next week and the subsequent weeks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ProAssurance Beats

Posted: 03 Nov 2011 09:50 AM PDT

ProAssurance Corporation (PRA) reported its third-quarter operating earnings of $48.3 million or $1.57 per share, which surpassed the Zacks Consensus Estimate of $1.29. This also compares favorably with earnings of $41.5 million or $1.30 in the prior-year quarter.
Operating income excludes the after-tax effects of net realized gains or losses, litigation settlement and guaranty fund assessments or recoupments. During the reported quarter, the negative effect of adjustments to net income was 15 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rebounds As ECB Cuts Rates & Greek Referendum Rumors

Posted: 03 Nov 2011 09:45 AM PDT

11/03/11 The euro currency continued to rise this afternoon as the ECD unexpectedly slashed its benchmark rate while Greek referendum abandonment rumors continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


CVS Posts A Strong Quarter

Posted: 03 Nov 2011 09:35 AM PDT

CVS Caremark (NYSE:CVS) reported third quarter 2011 EPS of 65 cents, 8.3% up year over year. However, after excluding the impact of certain one-time items, adjusted EPS came in at 70 cents, surpassing the Zacks Consensus Estimate of 67 cents and 9.3% higher than the year-ago quarter adjusted EPS.
Net revenue increased 12.5% year over year to $26.7 billion, almost in line with the Zacks Consensus Estimate.
The Pharmacy Services segment posted a robust 25.8% increase in revenues to $14.8 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Central Bank Cuts Rate 25bps To 1.25%

Posted: 03 Nov 2011 09:29 AM PDT

The European Central Bank (ECB) cut its Main refinancing operations rate by 25 basis points to 1.25% from 1.50%.  The Bank said “Owing to their unfavourable effects on financing conditions and confidence, the ongoing tensions in financial markets are likely to dampen the pace of economic growth in the euro area in the second half of this year and beyond. The economic outlook continues to be subject to particularly high uncertainty and intensified downside risks. Some of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Sands, Downstream Propel Suncor

Posted: 03 Nov 2011 09:20 AM PDT

Canada's biggest energy firm and the largest oil sands outfit Suncor Energy Inc. (SU) reported strong third quarter results, helped by higher output in its oil sands business and robust downstream performance.    
Earnings per share, excluding certain items, came in at C$1.14 (U.S.$1.10), ahead of the Zacks Consensus Estimate of 81 U.S. cents. Suncor's adjusted earnings per share almost tripled from the year-ago level of 39 Canadian cents (38 U.S. cents).
Operating earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hartford Beats

Posted: 03 Nov 2011 09:10 AM PDT

Hartford Financial Services Group Inc. (NYSE:HIG) reported third-quarter core earnings of $441.0 million or 93 cents per share, beating the Zacks Consensus Estimate of 23 cents. However, earnings were behind the core earnings of $485 million or 98 cents per share reported in the third quarter of 2010.
The prior-year quarter earnings include the DAC unlock benefit of $166 million, net prior-year reserve development benefit of $99 million, and a charge of $40 million to increase reserves as a result … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Frontier Meets EPS, Loses Users

Posted: 03 Nov 2011 08:50 AM PDT

Before the opening bell, rural telecommunications service provider Frontier Communications (NYSE:FTR) reported third quarter adjusted earnings of 5 cents per share. The quarter's results were on par with the Zacks Consensus Estimate.
Adjusted earnings exclude acquisition and integration costs of $67.4 million related to the integration of the West Virginia operations acquired from Verizon Communications (NYSE:VZ) fixed-line business, $3.6 million in severance and early retirement costs and $14 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Famous Dave’s Tops Estimates

Posted: 03 Nov 2011 08:50 AM PDT

Minnetonka, Minnesota-based Famous Dave’s of America Inc. (NASDAQ:DAVE) recently reported third quarter 2011 earnings of 19 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents and the prior-year quarter’s earnings by 2 cents.
Famous Dave's, which owns, franchises and operates restaurants in the U.S., reported total revenue of $38.9 million, up 0.5% year over year. Company-owned restaurants sales were $34.3 million, flat year over year. Franchise royalty revenue climbed 5.0% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Rallies Alongside Global Equities After The ECB Rate Cut

Posted: 03 Nov 2011 03:45 AM PDT

11/03/11 Front month crude prices continued to rise this morning after an unexpected rate cut by the ECB helped boost global equities and higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Lower Vs. Rivals Amid Greece Uncertainty

Posted: 03 Nov 2011 08:44 AM PDT

Forexpros – The U.S. dollar was lower against its major counterparts on Thursday, after downbeat comments by European Central Bank President Mario Draghi and amid ongoing uncertainty over political instability in Greece.

During U.S. morning trade, the dollar was almost unchanged against the euro, with EUR/USD easing up 0.01% to hit 1.3743.

The single currency remained supported as Greece’s controversial referendum on the country’s bailout program was likely to be canceled due to a potential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Futures Trade Above USD1,750 With Greece In Focus

Posted: 03 Nov 2011 08:43 AM PDT

Forexpros – Gold futures rose to a six-week high on Thursday, trading above the psychologically-important level of USD1,750-an-ounce, after the European Central Bank unexpectedly cut its benchmark interest rate, while traders continued to eye developments out of Greece.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,759.85 a troy ounce during U.S. morning trade, jumping 1.75%.

It earlier rose by as much as 2.3% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Walter Energy Posts Strong Results

Posted: 03 Nov 2011 08:35 AM PDT

Coal miner Walter Energy Inc. (NYSE:WLT) came up with third quarter 2011 operating earnings of $1.21 per share, a 10-cent hike over the Zacks Consensus Estimate of $1.11. However, earnings per share were substantially below the year-ago earnings of $2.55.
The miss compared to last year was mainly due to the impact of the acquisition of Western Coal Corp., which was completed on April 1, 2011.
Operating Results
Walter Energy's total revenue of $690.1 million in the third quarter increased 48.6% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Up But Off Highs After ECB Rate Statement

Posted: 03 Nov 2011 08:35 AM PDT

Forexpros – The pound remained up against the U.S. dollar on Thursday, but was off the daily high after European Central Bank President Mario Draghi said tensions in financial markets could slow growth in the region, weighing on risk appetite.

GBP/USD hit 1.6040 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.6003, gaining 0.34%.

Cable was likely to find support at 1.5753, the low of October 21 and resistance at 1.6047, Wednesday's high.

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


EU Strong-arming Of Greece Lifts Crude

Posted: 03 Nov 2011 08:32 AM PDT

Thursday, November 3, 2011
Crude Oil traders have seen a bullish bias return to the market in recent weeks. The ongoing European soap opera over Greek debt had many traders concerned over the EU’s growth prospects, which were probably overstated. Technically, Crude Oil is taking a break after jumping almost 20 dollars in a short period of time. The market remains overbought, suggesting the consolidation may continue in the near-term. Some traders may wish to consider looking for a breakout … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Back Higher On The Day As Momentum Trading Dominates

Posted: 03 Nov 2011 08:31 AM PDT

 
When I look at the market, I look for technical clues that support a trend direction, and then keep that trend in place from a technical perspective.  This morning the EURUSD fell below intraday support levels (trendline , 100 bar and 200 bar MA, and close from yesterday) and the price fell.  The bias was down.  The market was doing what it should have done.
To keep the bears in charge, the shorts have to continue to overwhelm the buyers or bulls.   They have to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Gains After ECB Rate Cut, Greece, G-20 In Focus

Posted: 03 Nov 2011 08:22 AM PDT

Forexpros – Crude oil futures rose to a seven-day high in choppy trade on Thursday, amid reports that Greece abandoned plans to hold a referendum on its recent bailout deal and after the European Central Bank unexpectedly cut its benchmark interest rate.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD93.70 a barrel during U.S. morning trade, climbing 1.3%.

It earlier rose by as much as 1.8% to trade at USD94.22 a barrel, the highest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Titanium Metals Profits In-Line

Posted: 03 Nov 2011 08:20 AM PDT

Titanium Metals Corporation (NYSE:TIE) reported net earnings of $25.0 million or 14 cents per share in the third quarter of 2011, and increased from the prior-year earnings of $21.5 million or 12 cents per share.
Excluding the impact of non-cash deferred income tax charge of 1 cent per diluted share, earnings were $0.15 per share and  in line with the Zacks Consensus Estimate . 
Revenues
Quarterly revenues of $262.3 million increased 24.8% year over year, beating the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Opens Higher On ECB Rate Cut

Posted: 03 Nov 2011 08:15 AM PDT

11/03/11 US stocks zigzagged in morning trade. Markets cheered the ECB rate cut, then fell on Draghi’s comments but spiked higher on Greece’s referendum being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Pares Losses But Upside Limited After Draghi

Posted: 03 Nov 2011 08:14 AM PDT

Forexpros – The euro pared losses against the U.S. dollar on Thursday, but gains were limited after downbeat comments by European Central Bank President Mario Draghi and amid ongoing uncertainty over political instability in Greece.

EUR/USD pulled back from 1.3657, the daily low to hit 1.3755 during U.S. morning trade, up 0.06%.

The pair was likely to find support at 1.3607, the low of November 1 and resistance at 1.3816, the high of October 18.

The single currency remained supported as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Draghi Makes Splash In First Meeting As ECB Surprises Markets, Cuts Rates

Posted: 03 Nov 2011 08:05 AM PDT

Fundamental Headlines
• Europe's Financial Crisis Deepens as Greek Government Teeters – Bloomberg
• Forty Republicans Back Revenue Hike to Cut Deficit – Bloomberg
• Greek PM on Brink as World Tells Europe to Fix Crisis – Reuters
• ECB Cuts Key Rate – WSJ
• Jobless Claims Decline – WSJ
European Session Summary
The past 24-hours have produced volatility that has resulted in large, sharp sideways range trading across all of the major currencies. Following the Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Erases Losses Amid Greece Speculation

Posted: 03 Nov 2011 07:45 AM PDT

Forexpros – The euro erased losses against the yen on Thursday, amid speculation that a controversial referendum on Greece's bailout deal would not go ahead and after the European Central Bank's unexpected decision to cut interest rates.

EUR/JPY pulled back from 106.58, the pair's lowest since Tuesday; to hit 107.35 during U.S. morning trade, inching up 0.05%.

The pair was likely to find support at 106.48, Monday's low and resistance at 107.90, the days high.

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


Natural Gas Futures Add To Gains After U.S. Supply Data

Posted: 03 Nov 2011 07:45 AM PDT

Forexpros – Natural gas futures extended gains on Thursday, climbing to a two-day high despite a report showing that natural gas inventories rose more-than-expected last week.

On the New York Mercantile Exchange, natural gas futures for delivery in December traded at USD3.808 per million British thermal units during U.S. morning trade, jumping 1.59% higher.

It earlier rose by as much as 1.85% to trade at USD3.825 per million British thermal units, the highest price since November 1.

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


U.S. Stocks Mixed After ECB Rate Decision; Dow Jones Up 0.24%

Posted: 03 Nov 2011 07:12 AM PDT

Forexpros – U.S. stocks were mixed after the European Central Bank unexpectedly cut its interest rate and after worse-than-expected U.S. service sector data.

During early U.S. trade, the Dow Jones Industrial Average rose 0.24%, the S&P 500 index eased down 0.01%, while the Nasdaq Composite index fell 0.12%.

The ECB lowered its interest rate to 1.25% from 1.50%, signaling new efforts to tackle the region’s debt crisis as Mario Draghi held his first policy-setting meeting as chairman of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. ISM Non-manufacturing PMI Declines Unexpectedly

Posted: 03 Nov 2011 07:06 AM PDT

Forexpros – Service sector activity in the U.S. declined unexpectedly in October, industry data showed on Thursday.

In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index dipped by 0.1 points to 52.9 in October from 53.0 in September.

Analysts had expected the index to rise by 0.7 points to 53.7 in October.

On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 indicates the sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Markets Rally Following The Surprise ECB Rate Cut

Posted: 03 Nov 2011 06:15 AM PDT

11/03/11 NYFP’s Morning Market Report: The global markets rallied this morning after the ECB unexpectedly lowered it’s benchmark interest rate by 25 basis points to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


GlaxoSmithKline And US Government Resolve Legal Wrangle

Posted: 03 Nov 2011 02:23 AM PDT

Drugs giant Glaxosmithkline (LON:GSK) has reached an agreement in principle with the US government to settle the company's most significant ongoing Federal government investigations. The $3 billion final settlement is expected to address civil and criminal liabilities although it remains subject to negotiation of specific terms and is expected to be finalised in 2012.

The settlement covers a investigation into GSK's sales and marketing practices begun by the US Attorney's office of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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