Thursday, December 22, 2011

DailyMarkets.com - GD To Supply Armored Vehicles

DailyMarkets.com - GD To Supply Armored Vehicles

GD To Supply Armored Vehicles

Posted: 22 Dec 2011 12:09 PM PST

GeneralDynamics Land Systems-Canada, a business unit of General Dynamics Corporation (NYSE:GD), received a contract modification worth $126 million from the U.S. Army TACOM Life Cycle Management Command.
Per the contract modification, General Dynamics will provide 73 Light Armored Vehicles (LAVs) for a Foreign Military Sale (FMS).  The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government.
With this contract modification, the original … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FWLT-BP Tie Up For Gas Separation

Posted: 22 Dec 2011 11:50 AM PST

A subsidiary of Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract from BP Exploration Operating Company Limited to provide engineering, procurement and construction management services to BP Exploration's Enhanced Gas Separation Project (EGSP) in Scotland.
The company's first-, second- and third-quarter 2011 bookings included the interim releases of work with the main release to be included in the bookings of the final quarter of the year. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Align Strengthens Portfolio

Posted: 22 Dec 2011 11:35 AM PST

Align Technology (NASDAQ:ALGN) has upgraded its iTero 3D scanning system, which is used for several dental procedures, to serve its customers better. The software upgrade includes full interoperability with Invisalign, the company's flagship product.  The upgrade also includes enhancements to bite registration scanning, guidance, the eraser tool, real-time modeling and other features that help in delivering accurate 3D impressions of the patient’s dentition.
With this upgrade, customers can … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest Energy: Worth A Look

Posted: 22 Dec 2011 11:20 AM PST

Units of MarkWest Energy Partners L.P. (MWE) are currently trading close to its 52-week high of $56.82. The pipeline operator has seen its share price climb approximately 18% since the beginning of October this year, as investors have been buying the stock for its attractive fundamentals and positive outlook.
Denver, Colorado-based MarkWest Energy is engaged in the gathering, processing and transmission of natural gas, transportation, fractionation and storage of natural gas liquids (NGLs), and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Bancorp Adds Card Portfolio

Posted: 22 Dec 2011 11:05 AM PST

U.S. Bancorp's (NYSE:USB) unit, Elan Financial Services, has acquired $700 million in Financial Institution credit card portfolios from FIA Card Services, N.A., a Bank of America Corp.'s (NYSE:BAC) credit-card unit.
The portfolio acquired by the U.S. Bancorp unit comprises credit card assets of 28 financial institutions and includes small business and consumer cards. Terms of the deal were not disclosed.
Elan Financial Services provides a complete range of processing and payments services, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

High Hopes For Toyota In 2012

Posted: 22 Dec 2011 11:00 AM PST

12/22/11 After a disappointing 2011, Toyota announced Thursday that it plans for a massive production and sales boost in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell Shuts Field On Nigeria Leak

Posted: 22 Dec 2011 10:50 AM PST

Energy major Royal Dutch Shell plc (RDS.A) has decided to shut down its huge Bonga deepwater facility off the Nigerian coast following an oil leak. According to the Anglo-Dutch supermajor, the incident occurred on Tuesday (December 20) when a tanker was engaged in a routine operation to transport crude from the 200,000 barrels-per-day oilfield, roughly 120 kilometers from the country's shoreline.   
Shell – operating in Nigeria since 1937 – has apologized for the spill, putting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Breaks USD100.00 On Strong Leading Indicators

Posted: 22 Dec 2011 10:45 AM PST

Forexpros – Crude oil futures briefly pushed above the USD100.00 per barrel mark on Thursday due to sharply lower inventories and strong U.S. leading indicators.

On the New York Mercantile Exchange, light sweet crude futures for January settlement traded at USD99.89 a barrel during late U.S. trade, advancing 1.22%.

It earlier hit a daily high of USD100.03 a barrel.

Slight weakness in the U.S. dollar helped push crude prices higher.

The dollar index, which tracks the performance of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UDR Buys DC Asset With JV Partner

Posted: 22 Dec 2011 10:40 AM PST

UDR, Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently acquired '1301 Thomas Circle' – a 292-unit luxury apartment community in Washington, D.C., through its joint venture with Kuwait Finance House, an Islamic Sharia-compliant bank. The purchase price of $154 million was funded through a 5-year $90.0 million interest-only loan from Fannie Mae, a 70% equity contribution from Kuwait Finance House to the tune of $44.8 million, and a 30% equity contribution … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Light Volume…markets Can Be Pushed Around”

Posted: 22 Dec 2011 05:30 AM PST

12/22/11 Meridian Equity Partners’ Stephen Guilfoyle discusses today’s trading action and weighs in on US economic data releases and crude oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CarMax Reports Flat Profits

Posted: 22 Dec 2011 10:20 AM PST

CarMax Inc. (NYSE:KMX) posted a flat profit of $82.8 million or 36 cents per share in the third quarter of fiscal 2012 ended November 30, 2011compared with the same quarter a year ago due to a difficult sales comparison and sluggish economy. With this, the largest retailer of used vehicles in the U.S. missed the Zacks Consensus Estimate by 2 cents per share.
Net sales and operating revenues grew 7% to $2.26 billion from $2.12 billion in the third quarter of fiscal 2011. However, comparable store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Flirts With Flat Lining

Posted: 22 Dec 2011 10:19 AM PST

Forexpros – bsp;Forexpros – The EUR/USD flirted with flat lining between positive and negative territory on Thursday while awaiting comments by European Central Bank head Mario Draghi.

EUR/USD hit a low of 1.3019 during mid session U.S. trade.

The pair is off a high of 1.3054 and is currently trading at 1.3050 slightly higher by 0.03%.

The pair was likely to find support at 1.3039 and technical resistance exists at 1.3049.

The single currency turned to flat lining as markets await the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Magic And Miracle Of The Marketplace: Christmas 1964 Vs. 2011 – There’s No Comparison

Posted: 22 Dec 2011 09:36 AM PST

1964 Sears Christmas Catalog

Here’s a seasonal holiday post from CD last year at about this time, and with a link today from Art Carden in a related post at the Mises blog:

Pictured above are some color TVs from the 627 page 1964 Sears Christmas Catalog, available here at WishbookWeb along with many other Christmas catalogs from 1933 to 1988.  The original prices are listed ($750 for the Sears color TV console and $800 for the more expansive one), and those prices are also shown … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Higher On Bullish Numbers; DAX Up 1.11%

Posted: 22 Dec 2011 09:21 AM PST

Forexpros – European shares closed higher on Thursday as U.S. and euro zone economic data topped estimates triggering bullish sentiment.

After the close of European trade, the EURO STOXX 50 was higher by 1.30% France’s CAC 40 advanced 1.35%, while Germany’s DAX 30 climbed by 1.11%. Meanwhile, in the U.K. the FTSE 100 advanced 1.09%.

Worldwide bullish stock fever was ignited when U.S. jobless claims surprisingly fell to the lowest number since April, 2008, clearly signaling that the world’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merry Christmas Baby: Chas Brown And Ray Charles

Posted: 22 Dec 2011 08:33 AM PST

Classic song, classic performance from Charles Brown:

Brother Ray in 1979 at The Monastery Of Ettal in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mortgage Rates Fall To Fresh Historic Record Lows

Posted: 22 Dec 2011 07:43 AM PST

Mortgage rates fell again this week to fresh record lows, according to data released today by Freddie Mac.  The 30-year rate fell to 3.91% (see chart above), the 15-year rate dropped to 3.21% and the one-year ARM is down to 2.77%, and those are all the lowest rates in history.  How low can they … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leading Economic Index Points To Ongoing Growth

Posted: 22 Dec 2011 07:27 AM PST

From the Conference Board today:

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5 percent in November to 118.0, following a 0.9 percent increase in October, and a 0.1 percent increase in September (see chart above).

Says Ataman Ozyildirim, economist at The Conference Board: "November's increase in the LEI for the U.S. was widespread among the leading indicators and continues to suggest that the risk of an economic downturn in the near term has receded. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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