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- Canadian Solar Modules In Demand
- Magna To Open Solar System Plant
- Marriott Passing Baton To Sorenson
- PBIO Is Poised To Grow In 2012
- Optimer’s Dificlir Cleared In EU
- Forex Trading: USDJPY Supported But Still Has Hurdles Ahead
- Forex Trading: GBPUSD Makes New Day Lows But Momentum Fading
- Cosi Hires Brinker Expert As CEO
- Citi Trends Still Underperforms
- Sinopec Boosts Aussie LNG Stake
- Forex – USD/CAD Advances As Risk Appetite Crumbles
- Euro Falls Below 1.30 As Euro-zone Worries Accelerate
- Pepsi Focuses On Higher Profit
- Are Bears Losing Their Chocolate Cravings?
- Forex Trading: EURUSD Keeping The Pressure On Today
- Gold Plunges To Two-month Low As Stronger USD Weighs
- Forex – Broadly Weaker Euro Hits 2-month Low Vs. Yen
- Apple Planning To Acquire Anobit
- Persistent EU Worries Leads Stock Drop
- Still Waiting On Europe
- Stock Market News Briefs: Baxter International, Best Buy Co., FactSet Research Systems, Intel, Synovis Life Technologies, Urban Outfitters
- ViroPharma’s Seizure Drug Reaches UK
- Amdocs Wins European Contract
- Industrial End Users Are Partnering With Rare Earth Miners To Break Free From China
- Canada Manufacturing Sales Fall More-than-expected
- U.S. Import Prices Rise Less-than-expected
- Ashford Restructures Mortgage Loan
- Forex – Dollar Broadly Higher As Downgrade Fears Punish Euro
- China: Our Best Export Customer
- Air Products $50M Indian Contract
- Cotton Futures Tumble To 16-month Low In Risk-off Trade
- Citi Sheds Primerica Stake
- European Stocks Lower On Debt Fears; DAX Down 1%
- Forex – GBP/USD Higher But E.Z. Concerns Persist
- Medtronic Settles Gov’t Probe
- Crude Oil To Re-Join Gold, Silver In Selloff As Risk Aversion Continues
- Is Jon Corzine “Too Big To Be Indicted”? Part V
- Forex – EUR/USD Drops Below 1.30 On Sovereign Debt Woes
- U.S. Futures Mixed After Fed Meeting; Dow Jones Down 0.12%
- Forex – Euro Broadly Lower After Italian Bond Auction
- Corn Futures Gain On South America Crop Concerns
| Canadian Solar Modules In Demand Posted: 14 Dec 2011 08:15 AM PST Canadian Solar Inc. (NASDAQ:CSIQ) has entered into a sales agreement with Siemens under which it will supply the latter 2.5 MW of solar modules for two solar projects. The twin projects, a rooftop system and a carport, are being built by Siemens for the University of Murcia, Spain.
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| Magna To Open Solar System Plant Posted: 14 Dec 2011 08:05 AM PST Magna International Inc. (NYSE:MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable energy market.
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| Marriott Passing Baton To Sorenson Posted: 14 Dec 2011 07:50 AM PST Even though his surname is not Marriott, Arne Sorenson will succeed J.W. Marriott, Jr. as chief executive officer (CEO) of Marriott International Inc. (NYSE:MAR) next year. Sorenson will be the third CEO in the company’s history followed by J.W. Bill Marriott (Jr.) who expanded his father's 85-year old Marriott empire globally. Post transition, Bill Marriott will remain on the board as executive chairman.
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| PBIO Is Poised To Grow In 2012 Posted: 14 Dec 2011 07:50 AM PST PBIO Is Poised to Grow in 2012 Patented, Proprietary Platform Technology with Competitive Advantages Pressure BioSciences (PBIO) is a research products and services provider for the life science industry. The Company is engaged in the research, development and commercialization of a novel, enabling platform technology called pressure cycling technology (PCT). PCT uses cycles of hydrostatic pressure between ambient and ultra-high levels (≥35,000 psi) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Optimer’s Dificlir Cleared In EU Posted: 14 Dec 2011 07:50 AM PST Optimer Pharmaceuticals, Inc. (NASDAQ:OPTR) and partner Astellas Pharma recently announced that their antibiotic Dificlir received approval in the European Union (EU), not belying expectations. The European Medicines Agency (EMA) cleared Dificlir for the treatment of clostridium difficile-associated diarrhea (CDAD) also known as clostridium difficile infection (CDI). CDAD is the most common nosocomial or hospital-acquired diarrhea and is a significant malaise in hospitals and nursing home … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDJPY Supported But Still Has Hurdles Ahead Posted: 14 Dec 2011 07:33 AM PST The USDJPY has been showing signs of support in trading today but still has some hurdles to overcome. The pair corrected to the 38.2% of the move up from the Dec 8th low and bounced yesterday (see hourly chart below)
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| Forex Trading: GBPUSD Makes New Day Lows But Momentum Fading Posted: 14 Dec 2011 07:33 AM PST The GBPUSD has made new day lows in the last few hours and in the process has taken out the low from yesterday at the 1.5449 level. The price on the fall to the lows, broke below a lower trendline which was broken yesterday afternoon but failed. Today's break also has the potential to fail (the level comes in at the 1.5457 level currently). This is a key time for the pair. If the price moves back above the 1.5457 level, there could be some short covering. If the market finds the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Cosi Hires Brinker Expert As CEO Posted: 14 Dec 2011 07:25 AM PST Cosi Inc. (NASDAQ:COSI) recently announced the appointment of Carin L. Stutz as the new chief executive officer (CEO) and president effective January 1. Stutz, who was president of global business development at Brinker International Inc. (NYSE:EAT), will also serve Cosi's board of directors.
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| Citi Trends Still Underperforms Posted: 14 Dec 2011 07:15 AM PST We are maintaining our long-term Underperform recommendation on Citi Trends Inc. (NASDAQ:CTRN) based on the company’s disappointing third-quarter 2011 results.
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| Sinopec Boosts Aussie LNG Stake Posted: 14 Dec 2011 06:50 AM PST China Petroleum and Chemical Corporation (NYSE:SNP), aka Sinopec has agreed to increase its stake in the Queensland-based Australia Pacific liquefied natural gas (LNG) project by 10%, taking its share to 25%.
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| Forex – USD/CAD Advances As Risk Appetite Crumbles Posted: 14 Dec 2011 06:46 AM PST Forexpros – The U.S. dollar advanced against its Canadian counterpart on Wednesday, as the view that a solution to the debt crisis in the euro zone remains distant saw investors shun riskier assets for the perceived safety of the greenback. USD/CAD hit 1.0415 during early U.S. trade, the pair's highest since November 28; the pair subsequently consolidated at 1.0396, gaining 0.57%. The pair was likely to find support at 1.0325, the session low and resistance at 1.0491, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Falls Below 1.30 As Euro-zone Worries Accelerate Posted: 14 Dec 2011 06:45 AM PST Fundamental Headlines
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| Pepsi Focuses On Higher Profit Posted: 14 Dec 2011 06:35 AM PST The leading beverage and snacks manufacturer Pepsico Inc. (NYSE:PEP) responded to the mounting pressure from investors and shifted its gears to focus on more profitable and indulgent brands. Pepsi had to shift its concentration from the 'healthy snacks', which were hailed by chairman Indra Nooyi, but added dismal profits to the company's accounts.
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| Are Bears Losing Their Chocolate Cravings? Posted: 14 Dec 2011 06:34 AM PST Wednesday, December 14, 2011
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| Forex Trading: EURUSD Keeping The Pressure On Today Posted: 14 Dec 2011 06:33 AM PST The EURUSD remains under some pressure today after two sharp days lower. The pair is down on the day (close from yesterday was at the 1.30338 level. The pair is below the low from yesterday at the 1.3008 level. The correction of the low today, retraced 38.2% of the days range and hs sold back off. The range is still light at 99 pips from the high to the low. This would suggest the possibility of an extension of the days range. The low is at 1.2964 and with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Plunges To Two-month Low As Stronger USD Weighs Posted: 14 Dec 2011 06:32 AM PST Forexpros – Gold futures plunged through key support levels on Wednesday, trading at the lowest level since late October as a broadly stronger U.S. dollar and fears that euro zone's sovereign debt crisis was worsening prompted investors to sell profitable gold holdings to raise liquidity. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,613.15 a troy ounce during early U.S. morning trade, plunging 3%. It earlier fell by as much … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Broadly Weaker Euro Hits 2-month Low Vs. Yen Posted: 14 Dec 2011 06:22 AM PST Forexpros – The broadly weaker euro slid to a two-month low against the yen on Wednesday, as fears over euro zone sovereign ratings cuts persisted despite adequate investor demand at auctions of Italian and German government debt earlier. EUR/JPY hit 101.22 during European afternoon trade, the pair's lowest since October 4; the pair subsequently consolidated at 101.23, shedding 0.44%. The pair was likely to find support at 100.74, the low of October 4 and resistance at 101.81, the session … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Apple Planning To Acquire Anobit Posted: 14 Dec 2011 06:16 AM PST Reportedly, Apple Inc. (NASDAQ:AAPL) is planning to acquire the Israel-based flash storage solutions provider Anobit, for approximately $400 million to $500 million. Anobit chips are already used in Apple devices such as iPhone, iPad and MacBook Air.
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| Persistent EU Worries Leads Stock Drop Posted: 14 Dec 2011 06:15 AM PST 12/14/11 NYFP’s Morning Market Report: Renewed worries about the health of the eurozone has helped spark a global market slide this morning as investors are approaching the markets with a cautious … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Dec 2011 06:11 AM PST With nothing major on the domestic economic calendar today, Europe's woes will remain front and center once again. The drop in the exchange value of Euro against the dollar to its lowest level in 11 months is another sign of the market's lack of confidence in last week's EU deal. We are also seeing a renewed uptrend in Italian government bond yields today.
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| Posted: 14 Dec 2011 06:11 AM PST Best Buy (NYSE:BBY) posted Q3 EPS of $0.47 per share, lower than the Zacks Consensus Estimate of $0.51 per share. Revenue for the quarter rose 2% to come in at $12.1 billion Share prices of Urban Outfitters (NASDAQ:URBN) rose 5.33% after the apparel retailer revealed in a regulatory filling that same store sales in its retail segment were rising Medical-device maker Baxter International Inc. (NYSE:BAX) agreed to buy surgical instruments maker … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| ViroPharma’s Seizure Drug Reaches UK Posted: 14 Dec 2011 06:05 AM PST ViroPharma Inc. (NASDAQ:VPHM) recently announced the launch of its epilepsy drug, Buccolam, in the United Kingdom (UK). The drug is approved for the treatment of prolonged, acute, convulsive seizures in infants, toddlers, children and adolescents, aged 3 months to 18 years.
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| Posted: 14 Dec 2011 05:50 AM PST Amdocs Ltd. (NYSE:DOX), the global leader of developing software for customer experience systems, has recently won a major contract in Europe. Virgin Media Inc. (NASDAQ:VMED), a leading integrated pay-TV and telecom operator in the U.K., has selected Amdocs to revamp its network inventory management system. Amdocs will deploy it state-of-the-art OSS inventory solutions for improving network design, planning, and assurance level of Virgin Media. However, the financial terms of the deal were not … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Industrial End Users Are Partnering With Rare Earth Miners To Break Free From China Posted: 14 Dec 2011 05:49 AM PST It has been a long contention of ours, that large industrial entities will seek productive rare earth mines in friendly jurisdictions. Yesterday, Toyota signed a memorandum of understanding with Matamec (MAT:TSX Venture) in friendly Quebec. Expect more of these overtures by leading industrial end users as they strive to break free of the Chinese dominance.
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| Canada Manufacturing Sales Fall More-than-expected Posted: 14 Dec 2011 05:42 AM PST Forexpros – Canadian manufacturing sales fell more-than-expected in October, after rising in each of the three previous months, official data showed on Wednesday. In a report, Statistics Canada said that manufacturing sales declined by a seasonally adjusted 0.8% in October, after climbing by 2.6% in the preceding month. Economists had expected Canadian manufacturing sales to fall by 0.6% in October. Despite the decline, October’s sales were the second highest of any month in 2011, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Import Prices Rise Less-than-expected Posted: 14 Dec 2011 05:37 AM PST Forexpros – U.S. import prices rose less-than-expected in November, official data showed on Wednesday. In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by a seasonally adjusted 0.7% in November, falling short of expectations for a 1.1% increase. Import prices for October were revised to a 0.5% drop from a previously reported decline of 0.6%. Year-over-year, U.S. import prices rose at an annualized rate of 9.9% in November, below expectations for a 10.1% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Ashford Restructures Mortgage Loan Posted: 14 Dec 2011 05:35 AM PST Ashford Hospitality Trust Inc. (AHT) recently announced that it has restructured its $203.4 million mortgage loan and extended the maturity date from December 2011 to March 2014. At the closing of this deal, the company paid down the loan by $25 million to $178.4 million.
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| Forex – Dollar Broadly Higher As Downgrade Fears Punish Euro Posted: 14 Dec 2011 05:35 AM PST Forexpros – The U.S. dollar was broadly higher against its major counterparts on Wednesday, as fears over sovereign ratings downgrades across the euro zone weighed on sentiment, despite fair investor demand at Italian and German bond auctions. During European afternoon trade, the dollar was higher against the euro, with EUR/USD shedding 0.32% to hit 1.2994. Italy's Treasury sold the full targeted amount of EUR3 billion of five-year government bonds, at an average yield of 6.47%, a euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| China: Our Best Export Customer Posted: 14 Dec 2011 05:34 AM PST Exports to China have doubled over the last 5 years (compared to a 37% gain for all exports since 2006) From Cato’s Dan Griswold: “China remains a bright spot in U.S. trade, despite the complaints of politicians in Washington. U.S. exports to China continue to grow more rapidly than exports to the rest of the world. Since China joined the World Trade Organization 10 years ago this month, U.S. exports of goods to China have grown five-fold, while they have not quite doubled to the rest of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Air Products $50M Indian Contract Posted: 14 Dec 2011 05:20 AM PST Air Products & Chemicals Inc. (NYSE:APD) announced that INOX Air Products Ltd., its joint venture in India, has signed a $50 million (INR 250 Crores) long-term contract with POSCO Maharashtra Steel Private Limited (PMSPL) to supply on-site nitrogen and hydrogen gases to its new facility located in Vile Bhagad, Maharashtra, Western India.
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| Cotton Futures Tumble To 16-month Low In Risk-off Trade Posted: 14 Dec 2011 05:10 AM PST Forexpros – Cotton futures declined on Wednesday, trading at the lowest level in nearly 16 months as growing fears that euro zone's sovereign debt crisis was worsening prompted investors shun riskier assets. On the ICE Futures U.S. Exchange, cotton futures for March delivery traded at USD0.8624 a pound during European afternoon trade, tumbling 1.23%. It earlier fell by as much as 1.4% to trade at USD0.8608 a pound, the lowest since August 12, 2010, when prices hit USD0.8328 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Dec 2011 05:05 AM PST Citigroup Inc. (NYSE:C) is planning to shed off remaining 8.1 million shares of Primerica Inc. (PRI), an insurance company that Citi had spun off in the first half of 2010. The 8.1 million shares will go for public offering and is expected to fetch Citi proceeds of over $180.5 million based on Primerica's closing price of $22.29 on Tuesday.
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| European Stocks Lower On Debt Fears; DAX Down 1% Posted: 14 Dec 2011 04:53 AM PST Forexpros – European stock markets extended losses on Wednesday, as Italian borrowing costs remained close to unsustainable levels following a government bond auction. During European morning trade, the EURO STOXX 50 tumbled 1.08%, France's CAC 40 plunged 1.41%, while Germany's DAX 30 plummeted 1%. Italy's Treasury sold the full targeted amount of EUR3 billion of five-year government bonds, at an average yield of 6.47%, a euro era high, after paying 6.29% at a similar auction in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Higher But E.Z. Concerns Persist Posted: 14 Dec 2011 04:40 AM PST Forexpros – The pound eased off a two-week low against the U.S. dollar on Wednesday, but gains were capped as elevated Italian bond yields added to concerns that last week's European Union summit made little progress in tackling the region's debt crisis. GBP/USD hit 1.5531 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.5490, adding 0.07%. Cable was likely to find support at 1.5423, the low of November 25 and resistance at 1.5594, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 14 Dec 2011 04:30 AM PST According to a recent announcement by the Justice Department, Medtronic (NYSE:MDT) has agreed to pay $23.5 million to settle allegations regarding kickbacks paid to doctors in post-market studies and device registries to implant its pacemakers and defibrillators.
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| Crude Oil To Re-Join Gold, Silver In Selloff As Risk Aversion Continues Posted: 14 Dec 2011 04:14 AM PST Talking Points Crude Oil Likely to Fall as Prices Re-Couple with Sentiment Trends WTI Crude Oil (NY Close): $100.14 // +2.37 // +2.42%
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| Is Jon Corzine “Too Big To Be Indicted”? Part V Posted: 14 Dec 2011 04:13 AM PST Do you think it is believable that a financial firm's CEO, CFO, and COO could all be ignorant in knowing where and how a billion dollar of customer funds may have gone?
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| Forex – EUR/USD Drops Below 1.30 On Sovereign Debt Woes Posted: 14 Dec 2011 04:01 AM PST Forexpros – The euro dipped below 1.30 against the U.S. dollar on Wednesday, as concerns over threat of sovereign downgrades and elevated peripheral bond yields weighed on the single currency. EUR/USD hit 1.2991 during European early afternoon trade, the pair's lowest since January 12; the pair subsequently consolidated at 1.2992, shedding 0.33%. The pair was likely to find support at 1.2872, the low of January 10 and resistance at 1.3064, the session high. Italy's Treasury sold the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Futures Mixed After Fed Meeting; Dow Jones Down 0.12% Posted: 14 Dec 2011 03:52 AM PST Forexpros – U.S. stock futures pointed to a mixed to lower open on Wednesday, as investors remained cautious after the Federal Reserve refrained from implementing further stimulus measures at its last policy meeting of the year. Ahead of the open, the Dow Jones Industrial Average futures pointed to a fall of 0.12%, S&P 500 futures signaled a 0.02% loss, while the Nasdaq 100 futures indicated a 0.35% drop. The Fed noted on Tuesday modest improvement in the U.S. economy but added that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Euro Broadly Lower After Italian Bond Auction Posted: 14 Dec 2011 03:19 AM PST Forexpros – The euro remained under pressure against its major counterparts on Wednesday, as concerns over the risk of sovereign ratings cuts across the euro zone pushed Italian borrowing costs to euro-era highs. During European late morning trade, the euro traded close to an 11-month low against the U.S. dollar, with EUR/USD slipping 0.08% to hit 1.3025. Italy's Treasury sold the full targeted amount of EUR3 billion of five-year government bonds, at an average yield of 6.47%, a euro era … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Corn Futures Gain On South America Crop Concerns Posted: 14 Dec 2011 03:09 AM PST Forexpros – Corn futures traded higher on Wednesday, as adverse weather conditions in Argentina and Brazil fuelled concerns over corn crop conditions in the world's second and third largest producers of the grain. On the Chicago Mercantile Exchange, corn futures for March delivery traded at USD5.9662 a bushel during European morning trade, gaining 0.41%. It earlier rose by as much as 0.65% to trade at a daily high of USD5.9788 a bushel. Corn prices were boosted after industry weather … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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