DailyMarkets.com - Eaton Eyes E.A. Pedersen
DailyMarkets.com - Eaton Eyes E.A. Pedersen |
- Eaton Eyes E.A. Pedersen
- LabCorp Snaps Up Orchid Cellmark
- Earnings Preview: Paychex Inc.
- AT&T Hikes Dividend, Risks Remain
- New Distribution Could Boost PBIO’s Sales Immediately
- Verizon, Cox In Spectrum Deal
- Hudson City Pays Off $4.3B Debt
- Natural Gas Stockpiles Shed 102 Bcf
- Costa: “Money Should Move Into M&A In Q1 2012″
- Forex – EUR/USD Lower On Draghi Warning
- Vornado JV Refinances Office Property
- TWC Enhances Online Content
- European Shares Mixed Despite Fitch Downgrade; DAX Down 0.54%
- Intuitive Wins FDA Clearance
- Liberty Global Bags Kabel BW
- BMC Fortifies Indian Connection
- Some Holiday Cheer On The Employment Picture In The U.S.
- Forex Trading: EURUSD Moves Away From 100 Hour MA
- Roche’s Cancer Drug Finds Support
- Covidien To Spin Off Pharma Biz
- WellPoint Downgraded To Neutral
- Earnings Preview: Walgreen
- ADVAXIS Has Achieved A Lot In 2011 And Ready To Do Better In 2012
- PURE Is Poised To Take Off In Fiscal 2012
- JAKKS Slashes 2011 Outlook
- Kohl’s Collaborates With ECOtality
- BP, Cameron Settle Oil Spill Claims
- Northrop Gets Air Force Contract
- HME Acquires Apartment Communities
- Telefonica To Cut Dividend
- Federated Upgraded To Neutral
- Positive Data On Pfizer’s Lyrica
- Stocks Come Off Highs As Financials Sink
- Forex – Dollar Holds Gains Vs. Rivals In Risk-off Trade
- Natural Gas Falls To Fresh 27-month Low On Weather Outlook
- Euro Edges Lower
- Forex – GBP/USD Trims Losses On EU Talks
- Forex – EUR/USD Steady Above 1.30 As EU Talks Eyed
- Gold Steadies As Dollar Moderates Gains, EU Talks In Focus
- U.S. Stocks Higher Despite E.Z. Worries; Dow Jones Up 0.21%
- Oil Rebounds To Near $94
- Forex – USD/CAD Lower Amid EU Discussions
- Crude Oil Futures Bounce Off 6-week Low As Dollar Trims Gains
- Tight Ranges Emerge As Holiday Liquidity Conditions Begin To Set In
- Wall Street Rebounds Afer Hefty Losses
- What It Means To Sell A Stock Short
- Muriel Siebert, The First Woman To Purchase A NYSE Seat
| Posted: 19 Dec 2011 11:50 AM PST Industrial manufacturer Eaton Corporation (NYSE:ETN) has decided to acquire Omaha, Nebraska based E.A. Pedersen Company. The latter is the manufacturer of medium voltage switchgear catering primarily to the electrical utilities.
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| LabCorp Snaps Up Orchid Cellmark Posted: 19 Dec 2011 11:35 AM PST After several months of negotiations with the Federal Trade Commission (FTC), Laboratory Corporation of America Holdings (NYSE:LH) has completed the acquisition of Orchid Cellmark for $85.4 million, all in cash. After taking into account Orchid Cellmark's cash balance, LabCorp's net payable comes to $65.6 million. Orchid Cellmark provides DNA testing services targeted towards forensic and family relationship applications on a global basis.
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| Earnings Preview: Paychex Inc. Posted: 19 Dec 2011 11:20 AM PST Paychex Inc. (NASDAQ:PAYX) is scheduled to announce its second quarter fiscal 2012 results on December 20, and we notice no movement in analyst estimates at this point.
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| AT&T Hikes Dividend, Risks Remain Posted: 19 Dec 2011 11:15 AM PST Investing in telecom stocks seems risky as the global market faces the threat of yet another recession. While we await a political resolution to the Euro-zone sovereign debt crisis, the contagion is spreading globally, weighing on economic growth. The problems in Europe are swelling and spilling over to the rest of the world and might even stall the slowly moving U.S. economy.
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| New Distribution Could Boost PBIO’s Sales Immediately Posted: 19 Dec 2011 11:05 AM PST PBIO Signs Distribution Agreement For Germany and Switzerland Early today (Monday morning), Pressure BioSciences, Inc. (PBIO) announced that it has entered into a distribution agreement with Germany-based life sciences company IUL Instruments GmbH. Under the terms of the agreement, IUL will have the exclusive right to market and sell PBIO’s Pressure Cycling Technology (PCT) sample preparation instruments (Barocycler NEP2320 and NEP3229) and consumables in Germany … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 11:05 AM PST The largest U.S. mobile services provider Verizon Communications (NYSE:VZ) plans to buy radio-spectrum licenses from the privately held cable operator Cox Communications Inc. The deal is awaiting approval from the Federal Communications Commission.
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| Hudson City Pays Off $4.3B Debt Posted: 19 Dec 2011 10:50 AM PST Last Friday, Hudson City Bancorp Inc. (NASDAQ:HCBK) announced that it has paid off $4.3 billion debt as part of its effort to restructure the balance sheet. This restructuring would condense higher-cost structured borrowings and in turn boost net interest income in the coming quarters as interest expenses goes down. However, this action is projected to result in a loss in the fourth quarter. Its dividend strategy however would likely remain untouched.
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| Natural Gas Stockpiles Shed 102 Bcf Posted: 19 Dec 2011 10:40 AM PST The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies resulting from production erosion due to outages in several major pipelines across the country. However, gas stocks still remain at elevated levels – 10.3% above the 5-year average and 4.3% higher than the same period last year – reflecting low demand amid robust onshore output.
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| Costa: “Money Should Move Into M&A In Q1 2012″ Posted: 19 Dec 2011 10:40 AM PST 12/19/11 Empire Executions’ Peter Costa discusses what he will be watching in 2012, and talks about the outlook for crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Lower On Draghi Warning Posted: 19 Dec 2011 10:34 AM PST Forexpros – The euro dropped against the U.S. dollar as ECB head Mario Draghi warned on the costs of a euro zone break up sending waves of fear into the region. EUR/USD hit a low of 1.2983 during mid session U.S. trade. The pair is off a high of 1.3043 and is currently trading at 1.3014, down 0.21%. The pair was likely to find support at 1.3006 and technical resistance exists at 1.3023. The single currency snapped a three day winning streak on a lack of confidence that the self imposed IMF … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Vornado JV Refinances Office Property Posted: 19 Dec 2011 10:20 AM PST Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), has recently formed a joint venture with Kushner Companies, a diversified real estate firm, to refinance a mortgage loan collateralized by '666 Fifth Avenue' – a 39-story office complex spanning 1.45 million square feet in New York City.
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| Posted: 19 Dec 2011 10:05 AM PST Time Warner Cable Inc.(NYSE:TWC), the second largest cable MSO in the U.S., recently announced that it has included HBO GO and MAX GO,an online video service provider of Home Box Office Inc. (HBO). The inclusion of both the streaming services will improve the service quality of Time Warner Cable's subscribers.
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| European Shares Mixed Despite Fitch Downgrade; DAX Down 0.54% Posted: 19 Dec 2011 09:55 AM PST Forexpros – European stocks closed mixed on Monday after rating agency Fitch lowered France’s credit outlook and placed Spain, Italy, Belgium, Slovenia, Ireland and Cyprus on Rating Watch Negative. After the close of European trade, the EURO STOXX 50 eased higher by 0.01%, France’s CAC 40 gained 0.06%, while Germany’s DAX 30 gave back 0.54%. Meanwhile, in the U.K. the FTSE 100 fell 0.41%. Stocks shrugged off the Fitch downgrade and warnings with ECB head, Mario Draghi stating, “We shouldn’t … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 09:50 AM PST Intuitive Surgical (NASDAQ:ISRG), a pioneer in less invasive robot-enabled surgery, recently revealed it was granted clearance by the Food and Drug Administration ("FDA") to market its Single-Site instrumentation for laparoscopic cholecystectomy procedures, which is an operation to remove the gall bladder.
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| Posted: 19 Dec 2011 09:40 AM PST Liberty Global Inc. (NASDAQ:LBTYA), a leading global cable TV and diversified broadband services provider, recently acquired Kabel Baden-Wuerttemberg GmbH & Co KG, the third largest cable operator in Germany. After taking a long-time to make up its mind, German antitrust authority (Cartel Office) has finally taken a decision in favor of Liberty Global. In March 2011, the company won the auction and purchased Kabel Baden-Wuerttemberg for approximately $4.2 billion. Earlier, in January 2010, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| BMC Fortifies Indian Connection Posted: 19 Dec 2011 09:22 AM PST BMC Software Inc.'s (NYSE:BMC) Control-M Workload Automation suite has recently tasted success at the Indian life insurance company, ICICI Prudential. The BMC solution was picked up by the insurance carrier in the hope of its offering optimal services at rational costs. Financial details of the deal were not disclosed.
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| Some Holiday Cheer On The Employment Picture In The U.S. Posted: 19 Dec 2011 09:19 AM PST Monday, December 19, 2011
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| Forex Trading: EURUSD Moves Away From 100 Hour MA Posted: 19 Dec 2011 09:18 AM PST The EURUSD has moved below the 1.3024 level which is the 100 hour MA. The move below this level opens the door for a test of the 1.3002. This level was the low from earlier today and also a low level from Friday. Below, the 1.2988 level is trendline support that has 3 separate tests over the last 4 trading days. I would expect to see intraday dip buyers against each levels as quiet holiday trading is most … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Roche’s Cancer Drug Finds Support Posted: 19 Dec 2011 09:06 AM PST Roche Holdings Ltd. (RHHBY) recently announced that the Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of Zelboraf as a monotherapy for the treatment of adult patients with BRAF V600 mutation-positive metastatic melanoma (skin cancer).
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| Covidien To Spin Off Pharma Biz Posted: 19 Dec 2011 09:06 AM PST In a major move, international health care giant Covidien (NYSE:COV) has unveiled its plans to spin off its pharmaceuticals business into a stand-alone public company. The spin-off, which has been contemplated for years, is subject to regulatory clearances, final approval of the company's Board and other closing conditions and is expected to take up to 18 months to complete.
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| WellPoint Downgraded To Neutral Posted: 19 Dec 2011 09:06 AM PST We have downgraded our recommendation on WellPoint Inc. (NYSE:WLP) to Neutral from Outperform based on lack of momentum in the earnings outlook.
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| Posted: 19 Dec 2011 09:06 AM PST Walgreen Co. (NYSE:WAG) is scheduled to release its first quarter 2012 earnings on Wednesday, December 21, 2011, before the market opens.
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| ADVAXIS Has Achieved A Lot In 2011 And Ready To Do Better In 2012 Posted: 19 Dec 2011 09:06 AM PST ADVAXIS Has Achieved A Lot In 2011 and Ready To Do Better in 2012 Advaxis (ADXS) was very busy in the past year and has been quite successful in many aspects which included clinical advancement, business development and financing. We summarize some of the key achievements below to provide investors a detailed picture of how the Company has achieved these and what the Company is ready to do better in the fiscal 2012. Advaxis Reports Encouraging Preliminary Phase II … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| PURE Is Poised To Take Off In Fiscal 2012 Posted: 19 Dec 2011 09:06 AM PST PURE Reports Better Than Expected Revenue In 1Q2012 On December 15, 2011, PURE Bioscience (PURE) reported financial results for its 2012 first quarter ended October 31, 2011. Revenue for the quarter was $257,000, compared with revenue of $23,000 for the same quarter of the prior year, an increase of 1013%. First quarter revenue also exceeded our estimate of $220,000 for the 1Q12 ended October 31, 2011. As a result, we raise our estimate of total revenue for the fiscal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 09:06 AM PST Malibu, California-based JAKKS Pacific Inc (JAKK) recently slashed its sales and earnings outlook for fiscal 2011, owing to the tough retail sales environment amidst the crucial holiday season. The company's results were also unimpressive as it had to bear the brunt of increased markdown allowances and royalty expenses related to license guarantee shortfalls.
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| Kohl’s Collaborates With ECOtality Posted: 19 Dec 2011 09:06 AM PST Kohl's Corp. (NYSE:KSS) has signed a deal with ECOtality Inc. (ECTY) to install electric vehicle charging stations at Kohl's department stores all over the nation.
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| BP, Cameron Settle Oil Spill Claims Posted: 19 Dec 2011 09:06 AM PST BP Plc (NYSE:BP) has inked an agreement with Cameron International Corporation (NYSE:CAM) to settle all mutual claims related to the Deepwater Horizon accident and spill. Cameron, the designer and manufacturer of the blowout preventer (BOP) used on the Deepwater Horizon, has agreed to pay BP $250 million.
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| Northrop Gets Air Force Contract Posted: 19 Dec 2011 09:06 AM PST Northrop Grumman Corporation (NYSE:NOC) was awarded by the U.S. Air Force a 30-month, $540 million contract for Total System Support Responsibility (TSSR) of the E-8C Joint Surveillance Target Attack Radar System (Joint STARS) fleet.
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| HME Acquires Apartment Communities Posted: 19 Dec 2011 09:06 AM PST Home Properties Inc. (HME) recently announced that it has acquired two apartment communities, namely, The Gates of Deer Grove in Palatine, Illinois for $20.2 million and Courts at Dulles in Herndon, Virginia for $92.75 million.
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| Posted: 19 Dec 2011 09:06 AM PST Spanish telecom giant Telefonica SA (NYSE:TEF) has announced that it will lower its dividend in 2012 and 2013. The company will be paying EUR 1.50 per share next year (inclusive of EUR 1.30 per share cash dividend and a share repurchase for the balance amount) and in 2013. However, the company did not cut this year's return and maintains a dividend payment of EUR 1.60. Previously,Telefonica had projected a dividend of EUR 1.75 per share in 2012 and at least that amount from 2013.
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| Posted: 19 Dec 2011 09:06 AM PST We have upgraded our recommendation on Federated Investors Inc. (NYSE:FII) to Neutral from Underperform based on the company’s increasing global exposures. The company continues to look for more opportunities to crack profitable deals and is on track to expand globally.
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| Positive Data On Pfizer’s Lyrica Posted: 19 Dec 2011 09:06 AM PST Pfizer Inc. (NYSE:PFE) recently presented positive top-line data on its blockbuster drug, Lyrica (pregabalin) from a phase III study. Pfizer said that Lyrica achieved each of its three co-primary endpoints in the study that was conducted in patients with restless legs syndrome (RLS). Lyrica succeeded in showing a significant improvement compared to placebo and pramipexole.
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| Stocks Come Off Highs As Financials Sink Posted: 19 Dec 2011 08:40 AM PST 12/19/11 Wall Street started the session with a modest advance, but gave up earlier gains. The NAHB’s homebuilder confidence index came in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Holds Gains Vs. Rivals In Risk-off Trade Posted: 19 Dec 2011 08:01 AM PST Forexpros – The U.S. dollar held gains against its major counterparts on Monday, as investors focus turned to the outcome of talks by European Union finance ministers aimed at measures to address the debt crisis in the euro zone. During U.S. morning trade, the dollar was slightly higher against the euro, with EUR/USD sliding 0.21% to hit 1.3014. EU finance ministers held talks to discuss plans to provide up to EUR200 billion in loans to the International Monetary Fund, as well as changes to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Falls To Fresh 27-month Low On Weather Outlook Posted: 19 Dec 2011 07:46 AM PST Forexpros – Natural gas prices declined for a fourth day on Monday, trading at the lowest level since September 2009 as forecasts for warmer-than-normal winter weather in the U.S. continued to underline the view that gas supplies are more than ample to meet U.S. winter-heating needs. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.082 per million British thermal units during U.S. morning trade, tumbling 1.46%. It earlier fell by as much as 1.85% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 02:45 AM PST 12/19/11 The euro has edged slightly lower against the dollar this morning as concerns continue to grow regarding the eurozone debt crisis and its affect on global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Trims Losses On EU Talks Posted: 19 Dec 2011 07:34 AM PST Forexpros – The pound trimmed losses against the U.S. dollar on Monday, as markets awaited the results of a teleconference of European finance ministers while fears of potential downgrades in the euro zone continued to weigh. GBP/USD pulled back from 1.5466, the pair's lowest since December 15 to hit 1.5529 during U.S. morning trade, still down 0.10%. Cable was likely to find support at 1.5408, the low of December 14 and resistance at 1.5628, the high of December 13. European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Steady Above 1.30 As EU Talks Eyed Posted: 19 Dec 2011 07:17 AM PST Forexpros – The euro trimmed losses against the U.S. dollar on Monday, moving back above the key 1.30 support level but the shared currency's upside was limited as investors eyed the outcome of talks by European Union finance ministers. EUR/USD pulled back from 1.2983, the pair's lowest since Thursday, to hit 1.3021 during U.S. morning trade, still down 0.16% on the day. The pair was likely to find support at 1.2945, the low of December 14 and an 11-month low and resistance at 1.3083, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Steadies As Dollar Moderates Gains, EU Talks In Focus Posted: 19 Dec 2011 07:15 AM PST Forexpros – Gold prices swung between small gains and losses in thin trade on Monday, steadying after last week's 7% plunge as the U.S. dollar gave back some of the gains made following news of North Korean leader Kim Jong il’s death. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,599.65 a troy ounce during U.S. morning trade, easing up 0.1%. The February contract traded between a range of USD1,585.65 a troy ounce, the daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Higher Despite E.Z. Worries; Dow Jones Up 0.21% Posted: 19 Dec 2011 07:05 AM PST Forexpros – U.S. stocks were higher on Monday, amid discussions in the European Union about a recently agreed fiscal plan while mass downgrades in the euro zone continued to loom. During early U.S. trade, the Dow Jones Industrial Average climbed 0.21%, the S&P 500 index rose 0.04%, while the Nasdaq Composite index gained 0.16%. European Union finance ministers were to discuss plans to provide up to EUR200 billion in loans to the International Monetary Fund, as well as changes to the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 19 Dec 2011 02:00 AM PST 12/19/11 Front month crude prices were trading slightly higher this morning, but gains were limited, as risk appetite returned this morning following a week of steady … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Lower Amid EU Discussions Posted: 19 Dec 2011 06:47 AM PST Forexpros – The U.S. dollar was lower against its Canadian counterpart on Monday, as markets eyed a conference call of European finance ministers on a recently agreed fiscal plan while downgrade risks in the euro zone continued to weigh. USD/CAD hit 1.0335 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.0349, sliding 0.31%. The pair was likely to find support at 1.0297, the low of December 16 and resistance at 1.0423, the high of December 14. European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Bounce Off 6-week Low As Dollar Trims Gains Posted: 19 Dec 2011 06:30 AM PST Forexpros – Crude oil futures erased earlier losses on Monday, bouncing off a six-week low as the U.S. dollar moderated some of the gains made following news of North Korean leader Kim Jong il’s death. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD94.47 a barrel during early U.S. morning trade, gaining 0.77%. It earlier rose by as much as 0.9% to trade at a daily high of USD94.63 a barrel. Monday's turnaround coincided with the U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Tight Ranges Emerge As Holiday Liquidity Conditions Begin To Set In Posted: 19 Dec 2011 06:30 AM PST Fundamental Headlines
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| Wall Street Rebounds Afer Hefty Losses Posted: 19 Dec 2011 01:15 AM PST 12/19/11 NYFP’s Morning Market Report: Followng a week of mostly sharp losses, the new week has presented a rebound opportunity for stocks on plans to tackle the European debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| What It Means To Sell A Stock Short Posted: 19 Dec 2011 01:00 AM PST 12/19/11 NYFP’s “Wall Street Lingo”: In this installment, Managing Director for ICAP Kenneth Polcari describes what it means to “short a stock” on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Muriel Siebert, The First Woman To Purchase A NYSE Seat Posted: 19 Dec 2011 12:00 AM PST 12/19/11 NYFP’s “This Week in Wall Street History”: This week we discuss Muriel Siebert, a pioneer in finance and the first woman to ever purchase a seat on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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