Monday, December 19, 2011

DailyMarkets.com - Eaton Eyes E.A. Pedersen

DailyMarkets.com - Eaton Eyes E.A. Pedersen

Eaton Eyes E.A. Pedersen

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.
E.A. Pedersen Company's offering of products include metal-clad switchgear, power control buildings and relay control panels. Eaton's decision to acquire Pedersen Company gels well with the strategy to strengthen its footprints in the medium voltage assembly business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Earlier this month, LabCorp received the much awaited … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
First Quarter Overview
Paychex delivered decent first quarter 2011 results, with earnings of 41 cents per share beating the Zacks Consensus Estimate by 3 cents. The quarter's results indicated an improving client retention rate and higher checks per client, but lower sale of new units remained an overhang.
Paychex' first quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
In the ongoing turmoil, dividend-paying stocks appear safe investments. These stocks must necessarily have strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Distribution Could Boost PBIO’s Sales Immediately

Posted: 19 Dec 2011 11:05 AM PST

PBIO Signs Distribution Agreement For Germany and Switzerland
Grant Zeng, CFA   

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

Verizon, Cox In Spectrum Deal

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.
Verizon is progressing fast to acquire more spectrum licenses in order to support its video content and other data services in the rapidly growing smartphone market. The demand for Apple Inc.'s (NASDAQ:AAPL) iPhone 4 and 4S is also gaining traction.
We … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Hudson City paid off $4.3 billion of structured … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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

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.
In concurrence with the agreement, Vornado acquired a minority stake (49.5% ownership interest) in the building from its current owner Kushner. At the same time, the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TWC Enhances Online Content

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.
Time Warner Cable's customers who will subscribe for HBO or Cinemax channel networks will enjoy free and unlimited access to the online video services of HBO GO and MAX GO.
With the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Intuitive Wins FDA Clearance

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.
The entire range of the company's da Vinci Si Surgical systems are in congruence with Single-Site technology. However, da Vinci S systems are not supportive of Single-Site … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Liberty Global Bags Kabel BW

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

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.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, one of the foremost financial service companies in India and Prudential plc, one of the leading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Some Holiday Cheer On The Employment Picture In The U.S.

Posted: 19 Dec 2011 09:19 AM PST

Monday, December 19, 2011
With the exception of a downward “spike” in August, the E-mini NASDAQ 100 futures have remained above 2000.00 throughout 2011. Some traders who are optimistic that the NASDAQ 100 futures will remain above 2000.00 to start 2012 may perhaps wish to explore selling puts in E-mini NASDAQ 1000 options with strike prices below 2000.00. For example, with the March futures trading at 2236.00 as of this writing, the January 1970 puts could be sold for 10.00, or $200 per option, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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).
The European Commission is expected to come out with a decision on the same in February 2012.
We note that Zelboraf was approved in the US in August 2011 for the treatment of BRAF V600E mutation-positive, inoperable or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Covidien stated that the transaction will be executed in the form of a tax-free distribution to the U.S. shareholders. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
WellPoint reported third-quarter 2011 operating earnings of $1.77 per share, striding ahead of the Zacks Consensus Estimate of $1.69 per share. Results were also higher than $1.74 earned in the year-ago quarter.
WellPoint has been witnessing substantial earnings growth over the past few quarters, spurred by membership gains, improvements in operating cost … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Walgreen

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.
The Zacks Consensus Estimate for the first quarter is pegged at 67 cents per share.
The company has already reported first quarter 2012 sales of $18.16 billion, up 4.7% year over year.Comparable store sales as well as front-end comparable store sales increased 2.5% year over year in the quarter. Prescriptions filled at comparable stores increased 1.6% and total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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
Grant Zeng, CFA

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

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  
Grant Zeng, CFA

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

JAKKS Slashes 2011 Outlook

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.
For 2011, the company lowered its net sales forecast to $660 million from the previous range of $770 million to $775 million and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Ecotality, which is a leader in clean electric transportation and storage technologies, will install stations at 14 Kohl's stores through the EV Project in California, Oregon, Washington, Arizona and Tennessee.
Further, each Kohl's store will provide atleast two and upto four parking spaces and will allow electric vehicles' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The amount – to be paid by January 13 next year – will directly be placed in a $20 billion trust, which BP had formed for payments of claims related to the oil spill as well as damages to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Per the contract Northrop Grumman would provide the 17-aircraft Joint STARS fleet with integrated logistics support. The Joint STARS fleet is the only all-weather, long-range, real-time, wide area surveillance and battle management and command and control weapons … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The Gates of Deer Grove consists of 204 units and at the time of the completion of the acquisition, the property was 98.0% occupied. On the other hand, Courts at Dulles comprises 411 units and on completion of the acquisition, the property was 95.6% occupied.
With the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Telefonica To Cut Dividend

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

Federated Upgraded To Neutral

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.
During the nine months ended September 2011, Federated added $2 billion in new business from a large offshore client besides working on two new money market entry opportunities in the U.K. Federated launched a new … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The randomized, double-blind, 12-month trial, A0081186, was conducted with more than 700 patients. Patients … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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

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

Euro Edges Lower

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

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

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

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

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

Oil Rebounds To Near $94

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

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

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

Tight Ranges Emerge As Holiday Liquidity Conditions Begin To Set In

Posted: 19 Dec 2011 06:30 AM PST

Fundamental Headlines
• European Ministers Seek $261 Billion in IMF Crisis Funds – Bloomberg
• S&P Cut Proves Absurd as Investors Prefer U.S. – Bloomberg
• Fate of Payroll Tax Uncertain – Reuters
• Europeans Stash Money Elsewhere – WSJ
• North Korean Leader Kim Jong Il is Dead – WSJ
European Session Summary
Holiday trading conditions have returned once again, though the current stint's duration is likely to be a bit longer than the previous intercession. Over the next … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

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

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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