DailyMarkets.com - Baxter Collaborates With Momenta
DailyMarkets.com - Baxter Collaborates With Momenta |
- Baxter Collaborates With Momenta
- Walgreen Braves Scripts Loss
- Hot Option Plays: Market Action Slowing Ahead Of Holiday
- St. Joe Upgraded To Outperform
- Krugman On Inflation Conspiracy Theories
- The Lust For Gold
- Crude Stocks Rise Unexpectedly
- Auto Sales To Reach 3-Year High
- MarkWest Closes JV Buy
- Crude Futures Drop On Fears Of Slow Economy
- Check Point Initiated At Neutral
- Guess Downgraded To Underperform
- Lindsay Downgraded To Neutral
- Forex Trading: EURUSD Moves Toward Midpoint Of The Days Range At 1.2950
- OGE Poised At Neutral
- Valdes: “EU Uncertainty…will Be Here Next Year”
- Goldman Upgraded To Neutral
- Is The Dollar Weak Or Strong?
- IFF Settles Issues With Mane Fils
- BPP@MIT Data Show Inflation Trending Downward
- European Shares Higher On Wolfgang’s Assurance; DAX Up 0.85 %
- Forex – EUR/USD Erases Earlier Losses In Quiet Trading
- Raytheon Adds Cyber Security Firm
- Nike Stays Neutral
- Good News For LSI’s OEM Customers
- U.S. Shares Lower On Spanish Deficit Worries; DOW Down 0.14%
- Stone Wraps Up BP Field Purchases
- Good News For LSI’s OEM Customers
- Kodak Stays Neutral
- Stocks Fluctuate As 2011 Draws To Close
- EUR/JPY Hits Lowest Level In A Decade
- I Repeat, America Needs To Stop The Lies And The Liars
- Restaurant Indexes Improve In November With Strongest Net Positive Sales Since August 2007
- Crude Steady At $99 As 2012 Nears
- Stocks Steady As New Year Approaches
| Baxter Collaborates With Momenta Posted: 30 Dec 2011 11:50 AM PST Baxter International (NYSE:BAX) recently announced a worldwide collaboration with Momenta Pharmaceuticals to create and launch biosimilars. Biosimilars copy pre-existing, branded biologics utilized in the treatment of many illnesses such as auto-immune disorders and cancer. The deal is expected to be fulfilled in the first quarter of 2012 subject to standard closing clauses including passage of waiting period as per Hart-Scott-Rodino Antitrust Improvements Act.
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| Posted: 30 Dec 2011 11:50 AM PST The six-month dispute with Express Scripts (NASDAQ:ESRX) took its toll on Walgreen's (NYSE:WAG) recently released first quarter fiscal 2012 results. The company's bottom-line was impacted by 2 cents per share from the loss of pharmacy sales and expenses associated with the dispute.
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| Hot Option Plays: Market Action Slowing Ahead Of Holiday Posted: 30 Dec 2011 11:22 AM PST Cusick’s Corner 12-30-2011
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| St. Joe Upgraded To Outperform Posted: 30 Dec 2011 11:20 AM PST We have recently upgraded the long-term recommendation for The St. Joe Company (NYSE:JOE), a publicly held real estate company, from 'Neutral' to 'Outperform' primarily due to its strong future growth prospects.
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| Krugman On Inflation Conspiracy Theories Posted: 30 Dec 2011 11:16 AM PST From a December 18 blog post by Paul Krugman, who I happen to agree with on this issue: “One response of inflation-fearers to the absence of the inflationary outburst they've been waiting for is to reject the numbers, and claim that the BLS is hiding a much higher rate of inflation than the official numbers say. You see that a fair bit in comments, and some credulous mainstream figures (i.e. Niall Ferguson) have also bought into this story. How do we know that it's wrong? We now have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 30 Dec 2011 11:08 AM PST In the face of falling equity values across the globe, gold has emerged as an attractive asset class.
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| Crude Stocks Rise Unexpectedly Posted: 30 Dec 2011 11:08 AM PST The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies fell for the second straight week. The agency's report further revealed that distillate stocks posted a surprise build, as demand dropped. Meanwhile, refiners reduced processing rates by 0.7%.
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| Auto Sales To Reach 3-Year High Posted: 30 Dec 2011 10:50 AM PST According to an industry research report by TrueCar.com, light vehicle sales in the U.S. (including cars, trucks and sports utility vehicles/SUVs) during 2011 is likely to reach its three-year high at nearly 12.8 million vehicles, compared with 13.2 million vehicles in 2008, driven by continued recovery in the automotive industry. The figure is also higher than 11.6 million vehicles sold last year.
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| Posted: 30 Dec 2011 10:50 AM PST Denver, Colorado-based MarkWest Energy Partners, L.P. (NYSE:MWE) completed the acquisition of a 49% interest in a joint venture from private-equity group The Energy & Minerals Group ("EMG"). For the purchase, MarkWest shelled out about $1.0 billion in cash and issued 19.95 million unregistered MWE Class B Units to EMG.
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| Crude Futures Drop On Fears Of Slow Economy Posted: 30 Dec 2011 10:43 AM PST Forexpros – Pros – Crude oil futures were down on Friday in a quiet, year-end session marked by ongoing fears that economic uncertainty will continue dampening energy demand in the coming year. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD99.03 a barrel during European morning trade, down 0.15%. It earlier rose to a daily high of USD100.16 a barrel and struck a low of USD98.61 The dollar had strengthened earlier Friday, which sent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Check Point Initiated At Neutral Posted: 30 Dec 2011 10:35 AM PST We are initiating coverage on Check Point Software Technologies Ltd. (NASDAQ:CHKP) with a Neutral recommendation and a target price of $56.00.
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| Guess Downgraded To Underperform Posted: 30 Dec 2011 10:30 AM PST We have downgraded the recommendation on Guess? Inc. (NYSE:GES) to Underperform from Neutral, following the weak third-quarter 2012 core earnings of 71 cents per share, which missed both the Zacks Consensus Estimate and the year ago earnings.
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| Posted: 30 Dec 2011 10:25 AM PST We downgrade our recommendation on Lindsay Corporation (NYSE:LNN) from Outperform to Neutral based on the volatility in agriculture commodity prices.
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| Forex Trading: EURUSD Moves Toward Midpoint Of The Days Range At 1.2950 Posted: 30 Dec 2011 10:19 AM PST |
| Posted: 30 Dec 2011 10:07 AM PST We maintain our Neutral recommendation on OGE Energy Corporation (NYSE:OGE), the largest electric utility in Oklahoma, with well-positioned regulated utility and unregulated midstream gas businesses.
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| Valdes: “EU Uncertainty…will Be Here Next Year” Posted: 30 Dec 2011 10:00 AM PST 12/30/11 DME Securities’ Alan Valdes provides his 2012 outlook for equities and commodities, and weighs in on key market- driving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 30 Dec 2011 09:50 AM PST We have upgraded our recommendation on The Goldman Sachs GroupInc. (NYSE:GS) to Neutral from Underperform. The upgraded recommendation is based on the company's expense reduction efforts amid the current uncertain economy and expansions globally.
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| Posted: 30 Dec 2011 09:40 AM PST I was a guest on CNBC's Squawk on the Street this morning, see (http://video.cnbc/gallery/?video=3000065073/ and the subject of dollar strength came up. The other guest in the segment pointed out that we have not had a strong dollar since the mid-1980s when the Plaza Accord started bringing it down. I didn't disagree with that, but I wanted to point out that the dollar is now about as strong (or weak) as it was just prior to the recent financial crisis. Its decline came earlier and was not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| IFF Settles Issues With Mane Fils Posted: 30 Dec 2011 09:40 AM PST New York-based, International Flavors & Fragrances Inc's (IFF) and V. Mane Fils reached an agreement to end the latter's lawsuit concerning Monomenthyl Succinate (MMS).
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| BPP@MIT Data Show Inflation Trending Downward Posted: 30 Dec 2011 09:38 AM PST The charts above shows monthly and annual inflation rates from the Billion Prices Project @ MIT over the 12 month period ending at the end of November. According to the BPP website, the index is “designed to provide real-time information on major inflation trends, not to forecast official inflation announcements. We are constantly adding new categories of goods, but we do not cover 100% of CPI goods and services. The price of services, in particular, are not easy to find online and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Shares Higher On Wolfgang’s Assurance; DAX Up 0.85 % Posted: 30 Dec 2011 09:28 AM PST Forexpros – European stocks ended the final trading session of the year on Friday higher on assurances by German Finance Minister, Wolfgang Schaeuble that the euro zone will not break up. After the close of European trade, the EURO STOXX 50 was higher by 1.06%France’s CAC 40 climbed 1.03%, while Germany’s DAX 30 advanced 0.85%. Meanwhile, in the U.K. the FTSE 100 eased higher by 0.10%. Previously in the week, euro shares closed higher on the session after the Institute for Supply Management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Erases Earlier Losses In Quiet Trading Posted: 30 Dec 2011 09:23 AM PST Forexpros – The euro erased earlier losses Friday, regaining some strength lost to the dollar on fears that high Italian yields indicate the European debt crisis is set to worsen in 2012. EUR/USD hit 1.2971 during the last session of 2011 in light trading after sustaining heavier losses, up 0.08% and between a session low of 1.2905 and a high of 1.2999. The pair was likely to find support at 1.2905, an earlier Friday low, and resistance at 1.3080, Wednesday's high. The euro was poised to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Raytheon Adds Cyber Security Firm Posted: 30 Dec 2011 09:20 AM PST Raytheon Company (NYSE:RTN) has acquired privately held Henggeler Computer Consultants, Inc. that provides IT subcontracting services to government clients in Washington, D.C. for an undisclosed amount. Henggeler has a team of highly specialized and proven performers that offer operating systems and database administration services, language development services, as well as multi lingual database storage and retrieval to clients in United States, South Korea, and Saudi Arabia.
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| Posted: 30 Dec 2011 09:05 AM PST Footwear, apparel, equipment, and accessory products manufacturer Nike Inc. (NYSE:NKE) stays on our 'Neutral' list following leveraged selling and administrative expenses and lower share count in second-quarter 2012, which boosted the bottom line.
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| Good News For LSI’s OEM Customers Posted: 30 Dec 2011 09:05 AM PST LSI Corporation (NYSE:LSI) recently demonstrated the semi-conductor industry's first ever 28nm read channel in its True Store RC5100. By using its innovative decoding design and low-density parity check (LDPC), HDDs shall now be revolutionized with higher areal density, efficient power usage and better performances.
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| U.S. Shares Lower On Spanish Deficit Worries; DOW Down 0.14% Posted: 30 Dec 2011 09:01 AM PST Forexpros – bsp;Forexpros – U.S. stocks traded slightly lower on Friday, the final trading session of the year, as concerns over Spain’s budget deficit weighed on the year end domestic optimism. In mid session trade, the Dow Jones Industrial Average gave back 0.14%, the S&P 500 dipped 0.05% and the Nasdaq Composite index flirted with break even, dropping 0.01%. Concerning numbers from the Spanish budget deficit combined with fears of a Chinese slow down counteracted bullish domestic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Stone Wraps Up BP Field Purchases Posted: 30 Dec 2011 08:50 AM PST Independent oil and gas explorer, Stone Energy Corporation (NYSE:SGY) closed its acquisition of the Pompano and Mica fields in the Gulf of Mexico from BP Plc (NYSE:BP) for $167.6 million.
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| Good News For LSI’s OEM Customers Posted: 30 Dec 2011 08:35 AM PST LSI Corporation (NYSE:LSI) recently demonstrated the semi-conductor industry's first ever 28nm read channel in its True Store RC5100. By using its innovative decoding design and low-density parity check (LDPC), HDDs shall now be revolutionized with higher areal density, efficient power usage and better performances.
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| Posted: 30 Dec 2011 08:20 AM PST We reiterate our Neutral recommendation on Eastman Kodak Company (EK).
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| Stocks Fluctuate As 2011 Draws To Close Posted: 30 Dec 2011 08:05 AM PST 12/30/11 Wall Street traded on both sides of the flat line in a quiet trading session. China’s manufacturing data remained below the expansion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| EUR/JPY Hits Lowest Level In A Decade Posted: 30 Dec 2011 03:00 AM PST 12/30/11 Risk aversion and investor uncertainty kept the euro sliding this afternoon/ Pushing the currency to a more than 10-year low against the yen heading into the new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| I Repeat, America Needs To Stop The Lies And The Liars Posted: 30 Dec 2011 07:32 AM PST As we get ready to usher out 2011 and embark on a new year and a Presidential primary season leading to the general election in November 2012, I would like to rerun one of my personal favorite Sense on Cents commentaries written here this past February. Real long term success and greatness are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Restaurant Indexes Improve In November With Strongest Net Positive Sales Since August 2007 Posted: 30 Dec 2011 07:25 AM PST Just out from the National Restaurant Association: ”Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 100.6 in November, up 0.6 percent from October (see chart above, red line). In addition, November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Steady At $99 As 2012 Nears Posted: 30 Dec 2011 07:10 AM PST 12/30/11 In the final trading session of 2011, front month crude prices were remainins steady just under $99 a barrel as the euro has continued to slide against both the dollar and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Stocks Steady As New Year Approaches Posted: 30 Dec 2011 01:15 AM PST 12/30/11 NYFP’s Opening Bell Report: Global stocks were on the rise this morning as the euro fell below a pivotal level against the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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