Friday, December 23, 2011

DailyMarkets.com - Abaxis Expands Rapid Test Portfolio

DailyMarkets.com - Abaxis Expands Rapid Test Portfolio

Abaxis Expands Rapid Test Portfolio

Posted: 23 Dec 2011 07:50 AM PST

Abaxis, Inc. (NASDAQ:ABAX), a manufacturer of point-of-care blood analysis systems for medical and veterinary markets, recently expanded its rapid diagnostics product line with the inclusion of a feline heartworm rapid test. Also, the United States Department of Agriculture (USDA) approved the company's VetScan Canine Heartworm Antigen Test for use in feline applications. Abaxis is expected to ship the new product in January 2012.
The addition of feline heartworm rapid test to VetScan Canine … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro Signs Deal With LeapFrog

Posted: 23 Dec 2011 07:35 AM PST

Pawtucket, Rhode Island-based Hasbro Inc. (NYSE:HAS) recently announced that it has inked a deal with LeapFrog Enterprises Inc (NYSE:LF) to license Hasbro Studios' animated TV shows. Hasbro Studios is the Los Angeles-based production division of Hasbro that develops and produces television programs based on Hasbro’s brands.
Financial terms of the deal were not disclosed. Per the agreement, Hasbro Studios popular shows like "My Little Pony Friendship is Magic”, “The Adventures of Chuck and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comcast To Stream Super Bowl

Posted: 23 Dec 2011 07:20 AM PST

Comcast Corp.(NASDAQ:CMCSA) is set to create history by offering live streaming of America’s most popular sporting event “Super Bow”, scheduled to take place on February 5, 2012, on smartphones and tablets. Smartphone users will just need to download the free NFL Mobile software on their smartphones in order to watch the live streaming of the game on NBCSports.com and NFL.com.
Verizon Communications Inc.’s (NYSE:VZ) customers will also have the privilege of streaming the Super Bowl on their … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Is Testing The 200 Hour MA At The 0.9383 Level

Posted: 23 Dec 2011 07:18 AM PST

The USDCHF is testing the 200 hour MA at the 0.9383 level (green line in the chart above).  The next target on a break of this key level would look toward the high for yesterday at the 0.9395 level. Above that and the 0.94297 which is the 61.8% of the move down from the December 14th high.
A failure to break the level should lead to intraday traders looking to take their profit with support at the 0.93578 level.
Today the SNB said they would look to keep a strong floor on the EURCHF and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rambus, Broadcom In Licensing Deal

Posted: 23 Dec 2011 07:10 AM PST

Rambus Inc. (NASDAQ:RMBS) recently signed a patent licensing agreement with Broadcom Corp. (NASDAQ:BRCM) for an undisclosed sum. Per the terms of the agreement, Broadcom can use Rambus' patented DRAM memory controllers and serial links technology for its logic integrated circuit products for five years.
Rambus will receive royalty payments based on the shipment of these devices during the contract period. Apart from this deal, Rambus and Broadcom have settled all earlier claims regarding its patented … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pipeline Setback At Bristol-Myers

Posted: 23 Dec 2011 06:50 AM PST

Bristol-Myers Squibb Company (NYSE:BMY) recently suffered a pipeline setback with its oncology candidate, brivanib, performing disappointingly in a late-stage study (BRISK-PS). The study evaluated brivanib as a combination therapy in liver cancer patients who had either failed or were intolerant to Onyx Pharmaceuticals, Inc. / Bayer's (BAYRY) Nexavar.
Results from the multicenter, double-blind, randomized study revealed that there was no improvement in the overall survival rate for patients … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Holiday Trading Conditions Arrive, U.S. Dollar Mostly Unchanged

Posted: 23 Dec 2011 06:45 AM PST

European Session Summary
Higher yielding currencies advanced slightly against the U.S. Dollar in the overnight, but data ahead of the North American trading session helped the Greenback take back some of its losses. A slew of American data at 13:30 GMT painted a cloudy picture as to where the United States' economy is headed, weighing on risk-appetite. While the durable goods figure for December, at 3.8 percent month-over-month, beat expectations, personal income and spending data severely … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Akamai Technologies, American Greetings, Bed Bath & Beyond, Micron Technology, Vivus, WCA Waste Corporation

Posted: 23 Dec 2011 06:35 AM PST

    Micron Technology Inc. (NYSE:MU) soared 15.7%, after announcing late on Wednesday that signs suggested that the PC markets' demand should be higher next year

    Shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) declined  6.3% after the company said it might report lower-than-expected fourth-quarter earnings results

    Shares of American Greetings Corp. (NYSE:AM) plunged 21.1% after reporting a near 40% drop in its third-quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P&G Reads Google Data For Marketing

Posted: 23 Dec 2011 06:35 AM PST

Procter & Gamble Company (NYSE:PG) has taken up an innovative way to market its new product, Vicks Behind Ear Thermometer. It is using the data of the famous search engine Google Inc. (NASDAQ:GOOG), to identify the regions that are most flu prone, and thereafter the former will send advertising messages to the people in that region.
Google tracked the address of several flu-related Web searchers from 2003 to 2008, and formed a database of most flu-prone regions. The database was developed to help … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Holiday Cheer!…Right?

Posted: 23 Dec 2011 06:25 AM PST

Stocks will likely remain in a cheery mood today despite the relatively weak tone of this morning's economic reports. On a positive note, the resolution of the payroll tax cut issue should help remove one lingering source of uncertainty for many consumers. Trading volumes are expected to remain thin ahead of the long Christmas weekend. The stock market remains open for the full day today, while the bond market closes early.
Of this morning's economic docket, we got a weaker-than-expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Where Did All The Oil Go?

Posted: 23 Dec 2011 06:22 AM PST

Friday, December 23, 2011
The upward bias in Oil prices has favored bullish trading strategies the past several months. Strong support in February Crude is seen at 90.00, and traders looking for this support point to hold may perhaps wish to explore selling puts in Crude Oil futures options with strike prices below support at 90.00. For example, with February Crude Oil trading at 98.75 as of this writing, the February 85.00 puts could be sold for 0.37, or $370 per option, not including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix’s UK Debut Not-So-Easy

Posted: 23 Dec 2011 06:20 AM PST

Netflix Inc.'s (NASDAQ:NFLX) planned debut in the U.K. and Ireland in early 2012 may not be a red-carpet entry. Rather, video streaming providers, such as Amazon.com Inc. (NASDAQ:AMZN)'s Lovefilm, Channel 4, the BBC, British Sky Broadcasting Group Plc and ITV Plc. are already well-entrenched.
Meanwhile, Netflix has been strengthening its content library for a triumphant debut. It successfully signed deals with BBC and announced eight shows, including comedy series "Fawlty Towers" and "Little … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Happy Holidays For FedEx, UPS

Posted: 23 Dec 2011 06:15 AM PST

This looks like a holly jolly time for package delivery companies. The holidays are bustling for both FedEx Corporation (NYSE:FDX) and United Parcel Service Inc. (NYSE:UPS).
UPS expects to deliver over 120 million parcels globally during the Christmas week, representing a 6% increase from 113 million shipments in the same period last year. On average, UPS strikes business of approximately 15 million package deliveries daily but expects this to go up to 25 million in the week of Christmas.
FedEx is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinross Closes Term Loan

Posted: 23 Dec 2011 06:06 AM PST

The Canadian mining company, Kinross Gold Corporation (NYSE:KGC) announced that it closed its $200 million term loan to fund increase in Kupol ownership. The loan was a non-recourse loan taken from a group of international financial institutions. The non-recourse loan carries a term of five years, with annual interest of LIBOR plus 2.5%.
In April 2011, Kinross increased its stake to 100% from 75% in Chukotka Mining and Geological Company (CMGC), which holds both the Kupol mine and mining licence … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Racial Preferences Have Backfired Due To The Cruelty Of Affirmative Action Academic Mismatch

Posted: 23 Dec 2011 06:03 AM PST

From Jeff Jacoby’s column today in the Boston Globe:

“The inability of racial preferences to vault more minority students into high scholastic achievement shouldn't come as a surprise. When an elite institution relaxes its usual standards to admit more blacks and Hispanics, it all but guarantees that those academically weaker students will have trouble keeping up with their better-prepared white and Asian classmates. Minorities who might have flourished in a science or engineering program at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Monsanto Bags USDA Approval

Posted: 23 Dec 2011 05:50 AM PST

The U.S. Agriculture Department recently approved Monsanto Company's (NYSE:MON) genetically engineered, drought resistant corn, clearing the variety for sale. USDA approved the variety after reviewing environmental and risk assessments and deregulated the same. Monsanto filed a petition with the agriculture department for approval of its GM variety, way back in 2009.
As per USDA, the variety, named MON 87460, will no longer be considered as a regulated article under the department's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Down On Economic Data

Posted: 23 Dec 2011 05:50 AM PST

Forexpros – The U.S. Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on GDP.

USD/CAD was trading at 1.0190, down 0.16% at time of writing.

The pair was likely to find support at 1.0182, today's low, and resistance at 1.0415, Monday's high.

Earlier in the day, official data showed that Canadian gross domestic product remained unchanged unexpectedly at a seasonally adjusted 0.0% last month from 0.2% in the preceding month.

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

Canadian GDP Remains Unchanged Unexpectedly

Posted: 23 Dec 2011 05:40 AM PST

Forexpros – Canadian gross domestic product remained unchanged unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that GDP remained unchanged at a seasonally adjusted 0.0%, from 0.2% in the preceding month.

Analysts had expected GDP to rise 0.1% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Higher On Reduced Safe Haven Demand

Posted: 23 Dec 2011 05:37 AM PST

Forexpros – The euro climbed against the U.S. dollar reduced safe haven demand triggered by better than expected U.S. economic performance.

EUR/USD hit a high of 1.3096 during late London trade and posted a low of 1.3047 earlier, currently trading higher on the session at 1.3074, up 0.17%

The pair was likely to find support at 1.3064 and technical resistance exists at 1.3084.

The single currency gained against the dollar on increasing risk appetite due to stronger than expected U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Negotiates With Heungkuk

Posted: 23 Dec 2011 05:35 AM PST

On Wednesday, South Korean insurer-Heungkuk Life Insurance Co. withdrawn the case filed against New York-based The Goldman Sachs Group Inc. (NYSE:GS) earlier this year. Withdrawal of lawsuit came after both the firms agreed to make out of court settlement through negotiations.
In March, Heungkuk filed a lawsuit against Goldman in federal court in Manhattan over a collateralized debt obligation (CDO) worth $1 billion. The complaint lodged claims that Goldman deceptively sold the financial … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Up On Economic Data

Posted: 23 Dec 2011 05:35 AM PST

Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Durable Goods Orders.

EUR/USD was trading at 1.3062, up 0.08% at time of writing.

The pair was likely to find support at 1.2983, Monday's low, and resistance at 1.3196, Wednesday's high.

Earlier in the day, official data showed that durable goods orders in the U.S. rose more-than-expected to a seasonally adjusted 3.8% last month, from 0.0% in the preceding month whose figure was revised … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Durable Goods Orders Rise More-than-expected

Posted: 23 Dec 2011 05:35 AM PST

Forexpros – U.S. durable goods orders rose more-than-expected last month, official data showed on Friday.

In a report, the Census Bureau said that durable goods orders rose to 3.8%, from 0.0% in the preceding month whose figure was revised up from -0.7%.

Analysts had expected durable goods orders to rise 2.2% last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

In Line 3Q For Finish Line

Posted: 23 Dec 2011 05:20 AM PST

The Finish Line Inc. (NASDAQ:FINL) posted adjusted earnings per share of 11 cents in the third quarter of fiscal 2012, in line with the Zacks Consensus Estimate. However, the quarterly earnings exceeded the year-ago results by 8 cents.
Indianapolis based Finish Line reported year-over-year net sales growth of 8.1% in the quarter to $282.0 million backed by strong comparable sales (comps). In the first nine months of the fiscal year, comps increased 7.0% as opposed to a 4.5% rise recorded in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Up During The European Session

Posted: 23 Dec 2011 05:00 AM PST

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

EUR/GBP was trading at 0.8339, up 0.18% at time of writing.

The pair was likely to find support at 0.8303, Wednesday's low, and resistance at 0.8416, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3077 and EUR/JPY rising 0.01% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Higher On U.S. Economic Strength, Inventories

Posted: 23 Dec 2011 05:00 AM PST

Forexpros – Crude oil futures traded higher on U.S. economic strength, decade low inventories, and Iranian tensions.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD99.88 a barrel during mid European trade advancing 0.35%.

It earlier hit a daily high of USD100.23 a barrel.

Weakness in the U.S. dollar added to the bullish crude price environment.

The dollar index, which tracks the performance of the greenback versus a basket of six other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Eat, Drink And Be Wary?

Posted: 23 Dec 2011 04:55 AM PST

Spiked food prices are threatening to dampen the holiday spirit.
According to the U.S. Labor Department, grocery store prices peaked 5.9% in November compared with the same month a year ago. The food marketplace remains clouded with continuing inflationary pressures as US food companies continue to wrestle with high costs of raw ingredients. The sluggish business condition for frozen desserts, bakery items, pizza, frozen products, soup, noodles, etc. has raised concerns for quite some time.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/CHF Up In European Trade

Posted: 23 Dec 2011 04:30 AM PST

Forexpros – The British Pound was higher against the Swiss Franc on Friday.

GBP/CHF was trading at 1.4681, up 0.03% at time of writing.

The pair was likely to find support at 1.4482, Monday's low, and resistance at 1.4735, Thursday's high.

Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.07% to hit 1.5689 and EUR/GBP rising 0.14% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Declines As Risk Appetite Grows

Posted: 23 Dec 2011 04:28 AM PST

Forexpros – The U.S. dollar fell against most of its counterparts as strong U.S. economic data triggered demand for riskier assets

During mid session London trade, the greenback was down against the euro, with EUR/USD advancing 0.12% to hit 1.3066.

The U.S. dollar suffered from a lack of demand for safe haven buying as better than expected U.S. consumer spending and new home sales ignited interest in higher yielding assets.

The greenback was also down against the pound, with GBP/USD … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Up In European Trading Hours

Posted: 23 Dec 2011 04:00 AM PST

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

AUD/USD was trading at 1.0156, up 0.25% at time of writing.

The pair was likely to find support at 0.9884, Monday's low, and resistance at 1.0219, Wednesday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.16% to hit 1.2864 and AUD/JPY rising 0.10% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Down During The European Session

Posted: 23 Dec 2011 03:20 AM PST

Forexpros – The U.S. Dollar was lower against the Swiss Franc on Friday.

USD/CHF was trading at 0.9360, down 0.01% at time of writing.

The pair was likely to find support at 0.9246, Wednesday's low, and resistance at 0.9400, Thursday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.14% to hit 1.3070 and USD/JPY falling 0.15% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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