Friday, December 9, 2011

DailyMarkets.com - Ameren’s Focus On Expansion

DailyMarkets.com - Ameren’s Focus On Expansion

Ameren’s Focus On Expansion

Posted: 09 Dec 2011 08:05 AM PST

Ameren Corporation (NYSE:AEE) announced that its subsidiary Ameren Transmission Company, also known as ATX, will begin work on expansion plans to invest an estimated $1.3 billion over a period of 10 years. The Midwest Independent Transmission System Operator or MISO already had approved the ATX projects which were part of its Transmission Expansion Plan 2011 or MTEP11.
According to MISO, the total investment for all of the MTEP11 projects is expected to be $6.5 billion over 10 years, including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data For Roche’s Drug

Posted: 09 Dec 2011 07:50 AM PST

Roche Holdings Ltd. (RHHBY) recently reported positive data from a late-stage study, CLEOPATRA, which investigated a combination treatment involving pertuzumab and Herceptin (trastuzumab). The study evaluated the safety and efficacy of pertuzumab combined with Herceptin and chemotherapy docetaxel, compared to Herceptin and docetaxel alone in 808 people with previously untreated HER2-positive metastatic breast cancer (mBC).
The study demonstrated that patients dosed with the aforementioned … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conceptus Lowers 2011 Guidance

Posted: 09 Dec 2011 07:35 AM PST

Stricken by increased softness in procedure volumes, especially in the European market, combined with weaker US sales growth in November, Conceptus Inc. (NASDAQ:CPTS) has lowered its revenue forecast for fiscal 2011. The company lowered its revenue guidance to $126–$128 million from the previous level of $132–$136 million. The current revenue forecast is well below the 2010 level of $141 million.
Further, the company decided to terminate its existing credit facility and discontinue paying … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

November Sales Improve At Fastenal

Posted: 09 Dec 2011 07:20 AM PST

Fastenal Co. (NASDAQ:FAST) reported net sales of $234.4 million for the month of November, up 22.2% from $191.8 million posted in the year-ago period. Average daily sales during the month amounted to $11.2 million versus $9.1 million in November 2010.
Daily sales to manufacturing customers (accounting for almost 50% of revenues) improved 20.9% year over year in November 2011. Alongside, daily sales to non-residential construction customers increased 15.4% year over year for the same month.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IJ: 20 Years Litigating For Liberty

Posted: 09 Dec 2011 07:13 AM PST

IJ: 20 years of trailblazing a unique brand of advocacy.

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

Activision’s New Spider Man In 2012

Posted: 09 Dec 2011 07:05 AM PST

Activision Blizzard Inc. (ATVI) is set to launch a new video game featuring the iconic super hero "Spider Man" in the summer of 2012. Developed by well known game studio Beenox, the new game bears the same title "The Amazing Spider-Man" as Sony Entertainment's upcoming "spidey" flick.
The new installment narrates the post-movie adventures of Peter Parker based on the stories written by Seamus Kevin Fahey, a well-known Hollywood writer. The game features web rush mechanic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Brown-Forman Hits Record Sales

Posted: 09 Dec 2011 06:50 AM PST

Brown-Forman Corp. (BF.B) reported a record fiscal 2012 second-quarter result, as it is first time in the company's history that it crossed the $1 billion sales mark.
The company's reported earnings of $1.09 per share came in line with Zacks Consensus Estimate and grew 3.8% from the year-ago earnings of $1.05.The robust increase in quarterly earnings was primarily driven by strong top-line growth and volume gains.
During the quarter earnings per share grew 8% after excluding the net effect … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slips As Euro-zone Summit Ends On Tense Note

Posted: 09 Dec 2011 06:45 AM PST

Fundamental Headlines
• Euro Leaders Agree on Budget Rigor, Leave Next Step to ECB – Bloomberg
• U.S. Trade Deficit Shrinks to Lowest this Year – Bloomberg
• Wary European CEOs Move Cash to Germany – Bloomberg
• Moody's Cuts Three French Banks – Reuters
• U.K. Veto of EU Plan Could Isolate Britain – WSJ
European Session Summary
Trade was choppy once again in the overnight, as the major currencies set their bottoms in the Asian session while rising to their highs in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Watson’s Generic Launches Continue

Posted: 09 Dec 2011 06:35 AM PST

Watson Pharmaceuticals Inc. (NYSE:WPI) recently announced the launch of a generic version of Teva Pharmaceutical Industries Ltd.'s (NASDAQ:TEVA) LoSeasonique. The drug is used for the prevention of pregnancy. The launch of the generic drug took place as a part of a settlement agreement between the two companies.
We note that since Watson Pharma was the first company to file an Abbreviated New Drug Application (ANDA) for the generic version of LoSeasonique, as a result, it has 180-day marketing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Grain Trade Subdued Ahead Of USDA Crop Report

Posted: 09 Dec 2011 06:35 AM PST

Friday, December 9, 2011
Soybean futures may have been supported by concerns over weather conditions in South America and potential crop conditions going into 2012. However, should forecasts begin to call for more moisture in the Soybean growing regions in Brazil and Argentina, Soybean futures prices may become vulnerable to increased selling pressure as speculators liquidate existing long positions if recent support levels fail to hold. Some traders who may be anticipating a sell-off in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Major Triangle Brewing In The S&P 500

Posted: 09 Dec 2011 06:34 AM PST

The S&P 500 is clearly winding up for the next major market phase, as indicated by the massive triangle that continues to develop. Here's more..
280-Point Triangle
The daily chart of the S&P 500 shows the index has been developing a large, symmetrical triangle over the last 9 months. This triangle measures 280 points, which means a breakout could lead to a move of about 280 points.

We will continue to watch both the upper and lower trend lines of the pattern for a potential … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Will Brussels Sprout?

Posted: 09 Dec 2011 06:20 AM PST

The news out of Europe today is quite good, though you would be hard pressed to see that come across from the headlines. The goal for the meeting was to convince the EU members to create a more unified fiscal union. And a big majority of the countries have signed on to that plan. A lot of details still need to be worked out, but the agreement provides a good enough basis to move in the desired direction.
Europe aside, we also have favorable inflation readings out of China this morning, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Streaming The Netflix Story

Posted: 09 Dec 2011 06:20 AM PST

The comments by Netflix Inc.'s (NASDAQ:NFLX) CEO Reed Hastings at the UBS media conference summarized the company's current scenario and pointed out where it went wrong. During the conference, Hastings quoted "We did so many difficult things this year that we got overconfident,” and added,”Our big obsession for the year was streaming, the idea that ‘let’s not die with DVDs".
However, discounting the threat from online streaming competitors like Verizon Communications Inc. (NYSE:VZ) and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ciena’s Loss Widens

Posted: 09 Dec 2011 06:05 AM PST

Telecommunications network specialist Ciena Corp. (NASDAQ:CIEN) reported fourth quarter fiscal 2011 loss per share of 7 cents, worse than the Zacks Consensus Estimate of a loss of 5 cents. The reported loss per share widened from the comparable prior-year quarter's loss of 8 cents per share.
Revenue
During the fourth quarter 2011, total revenue increased 9.1% year over year to $455.5 million. The reported revenue came in at the higher end of management's guidance range of $440.0 million to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: CIENA, Costco Wholesale, DemandTec, G-III Apparel Group, LTD., International Business Machines, Invacare, Pacific Sunwear Of California, THQ

Posted: 09 Dec 2011 06:05 AM PST

    G-III Apparel Group Ltd.'s (NASDAQ:GIII) shares jumped 17.98% a day after the clothing maker’s third-quarter profit topped Street's expectations

    Share prices of teen-apparel retailer Pacific Sunwear of California Inc. (NASDAQ:PSUN) surged 10.37% to $1.49 following the retailer's announcement to shut down nearly a quarter of its total stores

    Invacare Corp.'s (NYSE:IVC) shares lost 28.57% to close at $14.70 after U.S. Food and Drug … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Up In European Trading Hours

Posted: 09 Dec 2011 06:00 AM PST

Forexpros – The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Trade Balance.

USD/CAD was trading at 1.0244, up 0.13% at time of writing.

The pair was likely to find support at 1.0052, Thursday's low, and resistance at 1.0263, today's high.

Earlier in the day, official data showed that Canada's trade balance fell unexpectedly to a seasonally adjusted -0.9B last month from 1.3B in the preceding month.

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

GOL-Delta Alliance On Air

Posted: 09 Dec 2011 05:50 AM PST

Brazil’s economy has undergone a remarkable phase of growth in the recent years recording an impressive GDP of USD $3.7 trillion. It is presently the seventh largest economy in the world and is predicted to soon become the fifth. The steady GDP growth is impacting both business and leisure travel positively, driving demand for air travel and revenue rise. The trend shows evidence that Brazil is destined to become the fourth largest aviation market in the world by 2014, with more than 90 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pall Corp. Beats Estimate

Posted: 09 Dec 2011 05:40 AM PST

Pall Corporation (NYSE:PLL) reported first-quarter fiscal 2012 earnings per share of 74 cents, above the Zacks Consensus Estimate of 65 cents and prior-year earnings per share of 62 cents. The company's earnings benefited from strong sales, foreign currency and tax effect.
Total Revenue
Total revenue was $705.6 million, an increase of 16.5% year over year. The company's sales for the quarter crossed $700 million for the first time. Orders in the quarter increased by 11% in terms of local … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Trade Balance Falls Unexpectedly

Posted: 09 Dec 2011 05:40 AM PST

Forexpros – Canada's trade balance fell unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian trade balance fell to a seasonally adjusted -0.9B, from 1.3B in the preceding month.

Analysts had expected Canadian trade balance to rise 0.6B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Trade Balance Falls

Posted: 09 Dec 2011 05:40 AM PST

Forexpros – The U.S. trade balance fell last month, official data showed on Friday.

In a report, Bureau of Economic Analysis said that U.S. trade balance fell to a seasonally adjusted -43.5B, from -43.1B in the preceding month.

Analysts had expected U.S. trade balance to fall -43.5B last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil, Gold Outlook Continues To Hinge On EU Summit Outcome

Posted: 09 Dec 2011 05:39 AM PST

Talking Points

Crude Oil Looks to EU Summit Outcome to Shape Outlook
Gold Looks to US Dollar as Conduit for Sentiment Trends

WTI Crude Oil (NY Close): $98.34 // -2.15 // -2.14%
Crude prices tumbled yesterday after ECB President Mario Draghi set off an aggressive selloff across the spectrum of risky assets by saying the central bank would not circumvent treaties barring it from financing member countries' debts and adding that policymakers don't presently see a high risk of deflation. Both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPG Plans Titanium Dioxide Push

Posted: 09 Dec 2011 05:20 AM PST

PPG Industries Inc. (PPG) announced it is taking all efforts to increase its supply of titanium dioxide, adding to the word wide volume of this raw material. The company's announcement came during its capital markets meeting with financial analysts and investors in New York.
PPG possesses intellectual property and expertise in the production and finishing of titanium dioxide pigment, and the company intends to collaborate with potential partners to develop innovative supply … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cooper Beats, Profits Rise

Posted: 09 Dec 2011 05:05 AM PST

The Cooper Companies (NYSE:COO), a company dedicated to contact lens and women's health, reported fourth-quarter fiscal 2011 (ended October 31) results with adjusted earnings per share of $1.46 comfortably beating both the Zacks Consensus Estimate of $1.21 and the year-ago earnings per share of $1.09. Net income (as reported) for the quarter jumped 17.4% year over year to $56.6 million (or $1.15 a share).
For fiscal 2011, earnings per share of $4.50 again beat the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/GBP Down During The European Session

Posted: 09 Dec 2011 05:00 AM PST

Forexpros – The Euro was lower against the British Pound on Friday after the release of U.K. data on PPI Input.

EUR/GBP was trading at 0.8528, down 0.09% at time of writing.

The pair was likely to find support at 0.8496, Thursday's low, and resistance at 0.8613, Wednesday's high.

Earlier in the day, official data showed that Producer price inflation input in the U.K. rose unexpectedly to a seasonally adjusted 0.1% last month from -0.8% in the preceding month.

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

Buy Or Rent Your Home? The NY Times & My Two Cents

Posted: 09 Dec 2011 04:55 AM PST

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


Forex – AUD/USD Up In European Trading Hours

Posted: 09 Dec 2011 04:00 AM PST

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

AUD/USD was trading at 1.0176, up 0.09% at time of writing.

The pair was likely to find support at 1.0049, today's low, and resistance at 1.0380, Thursday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.41% to hit 1.3176 and AUD/JPY rising 0.13% to hit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher On Summit Accord

Posted: 09 Dec 2011 03:54 AM PST

Forexpros – European shares moved into positive territory during early Friday trade on news that an accord was reached at the European Union summit.

During the mid London session, the DAX 30 advanced 0.42%, the FTSE climbed 0.09% and the STOXX 50 added 0.77%.

German Chancellor Angela Merkel announced an accord was reached at the European Union summit. She stated, “We will create a new fiscal union for the euro that is a stability union by creating a “debt brake” for all euro countries and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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