Thursday, December 8, 2011

DailyMarkets.com - CONSOL Steps Up Gas Production

DailyMarkets.com - CONSOL Steps Up Gas Production


CONSOL Steps Up Gas Production

Posted: 08 Dec 2011 11:50 AM PST

Diversified fuel producer CONSOL Energy Inc. (NYSE:CNX) has reached a milestone in gas production leveraging its strong performance in the Marcellus Shale region. The gross production of the company, including royalty and joint venture volumes, surpassed the 500 million cubic feet (MMcf) per day mark.
CONSOL’s strong performance in Marcellus Shale and production from its coalbed methane and conventional gas production areas helped it to reach this milestone. The higher production has prompted the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


First Solar Projects Are Hot Buns

Posted: 08 Dec 2011 11:35 AM PST

First Solar Inc. (NASDAQ:FSLR) announced that billionaire investor Warren Buffet’s MidAmerican Energy Holdings Company has entered into a definitive agreement to acquire its Topaz Solar Farm.
The transaction is a win-win situation for both the parties since with the Topaz deal First Solar is able to clear its house with all the big four U.S. based utility solar projects under sale. The other three big ticket projects include the 660-megawatt Desert Sunlight project in California vended to NextEra … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Economics Of Generics

Posted: 08 Dec 2011 11:20 AM PST

Besides the multitude of the world's poor, the aging population (2 billion people of 60 years or above by 2050) is a growing public policy concern, given the high healthcare and related costs. The West worries about age-related diseases, such as osteoporosis, arthritis and eye ailments. Concerns in Asia (India in particular) and Latin America include lifestyle diseases, such as diabetes and heart ailments and hygiene-related illnesses.
The deprived typically suffer from hygiene-related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


J. C. Penney Bets On Martha Stewart

Posted: 08 Dec 2011 11:20 AM PST

The economy is struggling, and so is J. C. Penney Company Inc. (NYSE:JCP). The company has been trying every means to uplift itself, and the latest move of acquiring a 16.6% stake in Martha Stewart Living Omnimedia Inc. (NYSE:MSO) is just an another step towards that direction.
J. C. Penney is betting hard on New York based Martha Stewart, for it to be a fortune changer. It has invested $38.5 billion (or $3.50 per share) to buy 11 million newly issued shares of Martha Stewart Living and become a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PSB Reiterated At Outperform

Posted: 08 Dec 2011 11:05 AM PST

We reiterate our long-term 'Outperform' recommendation for PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (REIT) that owns and operates commercial real estate properties across the U.S. The reiteration is based on our anticipation of the company performing well above the broader market.
PS Business Parks owns low-rise suburban multi-tenant offices, business parks and industrial and flex assets. Located mostly in high population markets, flex properties are a combination of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Fifth Third Eyeing Acquisitions

Posted: 08 Dec 2011 10:50 AM PST

Fifth Third Bancorp (NASDAQ:FITB) will look for acquisitions to increase density in core markets. The company expects to achieve the top 3 position in approximately two-thirds of its market. Currently, the company has that position in about half of its markets. The company looks forward to future acquisition activity, but does not expect any in the near term.
At the Goldman Sachs (NYSE:GS) Financial Services Conference in New York yesterday, Fifth Third's CEO Kevin Kabat expressed his expectation for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


AT&T’s Big Fat Smartphone Sale

Posted: 08 Dec 2011 10:40 AM PST

Make hay while the sun shines is what best describes AT&T's (NYSE:T) current strategy on the smartphone market. Despite the present economic upheaval and loss of exclusivity on Apple's (NASDAQ:AAPL) iPhone sales in February this year, the company continues to deliver jaw-dropping smartphone sales figures, thanks to the iPhone frenzy.
AT&T recently projected smartphone sales to break the historical mark of 6.1 million and set new records in its ongoing fourth quarter. The company has already … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Polcari: “Big Asset Players Sitting This Out”

Posted: 08 Dec 2011 10:40 AM PST

12/08/11 ICAP’s Kenneth Polcari discusses the latest central bank rate moves and expectations ahead of the conclusion of the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Chevron Unveils $32.7B Capex Budget

Posted: 08 Dec 2011 10:35 AM PST

U.S. energy behemoth Chevron Corp. (CVX) offered a glimpse of its 2012 capital spending plans. The integrated major said that it will boost its capital expenditures by about $4.7 billion in 2012, as the company allocates the bulk of funds toward the 'Exploration & Production' segment, while continuing to be cautious about the amount of resources it devotes to the refining business. Chevron's focus on the upstream business can be attributed to its strong portfolio of pipeline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Plunges On Central Bank Signals And Rate Cut

Posted: 08 Dec 2011 10:32 AM PST

Forexpros – bsp;Forexpros – The euro plunged against the U.S. dollar on Thursday after European Central Bank President Mario Draghi signaled lack of support for ailing euro zone nations.

EUR/USD plummeted to a low of 1.3288 during early U.S. trade prior to settling at 1.3321 falling 0.72% mid session.

The pair was likely to find support at 1.3301, and resistance exists at 1.3364.
The euro showed strength in early U.S. trade prior to the expected 25 basis point interest rate cut to 1% and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ARMOUR Residential To Offer Shares

Posted: 08 Dec 2011 10:20 AM PST

ARMOUR Residential REIT, Inc. (ARR), a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS), has recently announced a secondary offering of 8 million shares. The company has also decided to grant the underwriters an option to purchase an additional 1.2 million shares to cover any over-allotment.
Deutsche Bank Securities Inc. – the U.S. investment banking and securities arm of Deutsche Bank AG (NYSE:DB) is acting as the sole book-running manager for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dendreon To Sell Victrelis Rights

Posted: 08 Dec 2011 10:10 AM PST

Dendreon Corporation (NASDAQ:DNDN), which is currently going through a rough patch, tried a hand at improving its financial position. This time, Dendreon has entered into a deal to sell its royalty interest in Merck, Inc.'s (NYSE:MRK) hepatitis C product Victrelis. Dendreon acquired the intellectual property rights to Victrelis in July 2003 from Merck and co-developer Corvas International, Inc.
The Victrelis royalty rights were bought by CPPIB Credit Investments Inc., a wholly owned subsidiary of CPP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Shares Slammed By Draghi Comments

Posted: 08 Dec 2011 09:53 AM PST

Forexpros – European stocks closed sharply lower Thursday despite interest rates being slashed to a record 1%. Central Bank President Mario Dragni warned about euro zone downside risk and failed to signal extra support for the struggling region.

After the close, the DAX 30 plummeted 2.01%, the FTSE 100 gave back 1.14% and the STOXX 50 collapsed 2.43%.

Earlier in the session, shares moved higher on hopes that the EU summit would find a solution to the economic woes. However, European Central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


DaVita Steady At Neutral

Posted: 08 Dec 2011 09:50 AM PST

We have reiterated our Neutral recommendation on DaVita Inc. (NYSE:DVA) based on strong top-line growth in the third quarter of 2011, which was partially offset by higher operating expenses.
The company reported third-quarter operating earnings of $1.45 per share, exceeding the Zacks Consensus Estimate by a penny as well as $1.15 per share earned in the comparable quarter of 2010.
DaVita has been generating strong operating cash flow, which increased at a 4-year CAGR (2007–2010) of 13.1%. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Shale Gas: A Boon Or Bubble?

Posted: 08 Dec 2011 09:50 AM PST

Over the last few years, a quiet revolution has been reshaping the energy business in the U.S. Known as 'shale gas' – natural gas trapped within dense sedimentary rock formations, or shale formations – it is being seen as a game changer, set to usher in an era of energy independence for the country. This unconventional fuel source is expected to transform domestic energy supply in the future decades by providing a potentially inexpensive and abundant new source of fuel for the world's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Japan- Rising From The Rubble

Posted: 08 Dec 2011 09:35 AM PST

Japan's economy expanded 1.5% between July and September, returning to growth after three consecutive quarters of contraction, growing for the first time since the earthquake in March. GDP grew by 1.5% sequentially till September 30, equivalent to an annualized rate of 6%. The growth rebound reflects the recovery in supply chains disrupted by the huge earthquake and tsunami, thereby lifting factory output and consumption.
The Industrial Sunshine
Japan’s industrialized, free market economy is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Unemployment, Participation & Demographics

Posted: 08 Dec 2011 09:35 AM PST

One of the biggest negative data points in last Friday's employment report was the drop in the labor force participation rate to 64.0% from 64.2%. The participation rate is the percentage of the population over age 15 that is either employed or unemployed, as opposed to out of the workforce altogether. (Retirees and stay-at-home moms/dads are examples of people not in the workforce.)

The drop in the participation rate accounted for more than half of the surprising drop in the unemployment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Falls Below $99

Posted: 08 Dec 2011 09:30 AM PST

12/08/11 As the euro fell on EU summit anticipation and as the dollar rose on risk aversion, front month crude prices saw a steep slide this afternoon, falling from $101 a barrel to below $99 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


FDA Clears Covidien’s SpiderFX

Posted: 08 Dec 2011 09:20 AM PST

Leading healthcare products maker Covidien plc (NYSE:COV) recently secured approval of the U.S. Food and Drug Administration's ("FDA") for its embolic protection device dubbed SpiderFX.
SpiderFX is indicated for treating severely calcified lesions during interventional procedures in arteries in the lower extremities. It is the only embolic protection device for this treatment in the U.S.
Embolic protection devices are geared to capture and remove embolic debris (such as a fragment of plaque) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ameriprise Boosts Shareholder Value

Posted: 08 Dec 2011 09:05 AM PST

On Wednesday, Ameriprise Financial Inc. (NYSE:AMP) announced that it has raised its quarterly cash dividend. This is the fifth dividend rise for the company since 2005, when it became a publicly traded company. During that period, the company paid quarterly dividend of 11 cents per share.
This time, Ameriprise declared a quarterly cash dividend of 28 cents per share, payable on February 24, 2012 to shareholders of record as on February 2010. Hence, the annual dividend payable to the shareholders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Drags On EU Summit Anticipation

Posted: 08 Dec 2011 04:00 AM PST

12/08/11 Ahead of the EU summit, the euro took a hit this afternoon as ECB actions and statements kept investors risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hartford, Wellington Extend Ties

Posted: 08 Dec 2011 08:50 AM PST

Hartford Financial Services Group Inc. (NYSE:HIG) has announced Wellington Management Co. LLP the sole sub-adviser for its mutual funds business. Wellington Management will commence its role once the company's mutual fund board of directors is done with fund-by-fund review.
The announcement pertains to Hartford's initiatives to augment its mutual fund business. Wellington Management presently is the sub-advisor for 45 of The Hartford Mutual Funds' 77 funds, besides being the primary manager … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Higher Vs. Rivals As Draghi Comments Hit Sentiment

Posted: 08 Dec 2011 08:11 AM PST

Forexpros – The U.S. dollar turned sharply higher against its major counterparts on Thursday, after European Central Bank President Mario Draghi disappointed expectations that the central bank would step up its bond buying program.

During U.S. morning trade, the dollar was up against the euro, with EUR/USD dropping 0.72% to hit 1.3311.

At the ECB's post policy meeting press conference earlier, Draghi outruled the possibility of working with the International Monetary Fund on a rescue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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