DailyMarkets.com - MeadWestvaco Eyes $1B More In Sales
DailyMarkets.com - MeadWestvaco Eyes $1B More In Sales |
- MeadWestvaco Eyes $1B More In Sales
- Hot Option Plays: Market’s Early Gains Pared Back – Action Mixed
- Good News For AstraZeneca
- Charles River Guides Higher
- Just As Ugly With Less
- Coca-Cola To Minimize Plastics Use
- MetLife Reinstated At Neutral
- Wells Fargo To Acquire EverKey
- US Stocks Post Weekly Loss, Moody’s Downgrades Belgium
- Defaults Plunge For AmEx & Discover
- Earnings Preview: Housing In The Spotlight
- Disney Extends NCAA Rights
- Forex – Dollar Falls On Short-lived Appetite For Risk
- Fitch Downgrades Global Bigwigs
- NCO & Delinquency A Mixed Bag
- TTEK Reiterated At Neutral
- Monetary Policy Week In Review – 17 Dec 2011
- Apache To Start Gulf Project
- Salesforce To Acquire Rypple
- IMF Sees Risks Intensifying
- EA’s Star Wars Set To Release
- US Stocks Fall After Fitch Warns On Europe; Dow Down 0.02%
- GM To Resume Cruze Production
- Marietta Seeks Clarity In Deal Terms
- Regulators Nod To Sempra-PG&E Deal
- Honeywell Issues 2012 Guidance
- Earnings Preview: Jabil Circuit
- UTX Reaffirms 2012 Outlook
- Markets In Everything: Mobile Cigar Lounge
- A.M. Best Rates WellPoint Securities
- World Stock Markets Are Correlated
- PEG To Serve LIPA In 10-Yr Deal
- Central Bank Of Colombia Holds Interest Rate At 4.75%
- Reserve Bank Of India Pauses Repo Rate At 8.50%
- Willis: “Market Fading On Rumors”
- Forex – GBP/USD Softens As Greenback Selloff Abates
- HKMA Keeps Interest Rate At 0.50% Following Fed
- Oil Extends Slide, Down To 6-week Low
- The Trend Trader For ETF Trading On Monday, December 19, 2011
- The Trend Trader For Stock Trading On Monday, December 19, 2011
- The Trend Trader For Futures Trading On Monday, December 19, 2011
- The Trend Trader For Forex Trading On Monday, December 19, 2011
- “January Effect” Begins Now
| MeadWestvaco Eyes $1B More In Sales Posted: 16 Dec 2011 03:40 PM PST MeadWestvaco Corp. (NYSE:MWV) at its investor meeting divulged that it is targeting$1 billion of incremental revenue over the next three to five years by pursuing growth strategies like commercial excellence, focusing on emerging markets, and product innovation.
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| Hot Option Plays: Market’s Early Gains Pared Back – Action Mixed Posted: 16 Dec 2011 03:36 PM PST Cusick’ Corner
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| Posted: 16 Dec 2011 03:20 PM PST Good News flowed in at AstraZeneca (NYSE:AZN) from Germany when the country's medical assessment body (the Federal Joint Committee) issued a positive final verdict for the company's cardiovascular drug, Brilique. Brilique, which belongs to the cyclopentyltriazolopyrimidines (CPTPs) group, is an oral antiplatelet therapy for treating patients suffering from acute coronary syndrome (ACS).
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| Posted: 16 Dec 2011 03:10 PM PST Charles River Laboratories International Inc. (NYSE:CRL) provided a bright outlook for 2012 as it expects adjusted earnings to be 7-11% higher than the midpoint of the projected earnings range for 2011. The company expects 2012 net sales, on an adjusted basis, to grow in the range of 2-4%.
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| Posted: 16 Dec 2011 02:59 PM PST In “50 Economic Numbers From 2011 That Are Almost Too Crazy To Believe,” the Economic Collapse blog offers up a hefty list of bullet points that accurately describe an economy teetering on the edge of disaster. That said, 50 might just be a bit of overkill. In truth, the 10 I’ve highlighted below paint a pretty frightening picture of just how bad things really are.
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| Coca-Cola To Minimize Plastics Use Posted: 16 Dec 2011 02:55 PM PST In an effort to minimize the usage of plastics, The Coca-Cola Company (NYSE:KO) has joined with the three biotechnology companies to commercially build up 100% plant-based plastic bottles made from renewable sources.
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| Posted: 16 Dec 2011 02:50 PM PST We have reiterated our Neutral recommendation on MetLife Inc. (NYSE:MET) based on its consistent progress from the ALICO acquisition, partially offset by higher expenses, consistent low rate environment and restricted growth vision on MetLife Bank.
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| Wells Fargo To Acquire EverKey Posted: 16 Dec 2011 02:50 PM PST Wells Fargo & Company (NYSE:WFC) has agreed to purchase investment boutique firm EverKey Global Partners in an effort to broaden its investment capabilities and provide strategies to meet the needs of its clients. The two companies have signed a definitive agreement in this context.
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| US Stocks Post Weekly Loss, Moody’s Downgrades Belgium Posted: 16 Dec 2011 02:50 PM PST 12/16/11 The major US equity averages ended Friday mixed, but slid over -2.5% for the week. Fitch affirmed France’s AAA rating, but Moody’s downgraded Belgium by two notches after the closing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Defaults Plunge For AmEx & Discover Posted: 16 Dec 2011 02:49 PM PST Yesterday, major credit card companies American Express Co. (NYSE:AXP) (AmEx) and Discover Financial Services (NYSE:DFS) reported a drop in defaults and delinquency rates for November 2011, implying a favorable credit quality.
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| Earnings Preview: Housing In The Spotlight Posted: 16 Dec 2011 02:30 PM PST Earnings Preview 12/16/11 There will only be a handful of firms reporting next week as the third quarter reporting season is almost over. A total of just 34 firms are scheduled to report, including 13 of the S&P 500. Most of the firms reporting have November fiscal period-ends, which means that they are reporting fourth quarter results. While few in number, some of the reports come from firms that are highly significant in that they will give clues to the overall direction of earnings in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Dec 2011 02:30 PM PST According to ESPN media zone, The Walt Disney Company (NYSE:DIS) recently entered into a multiyear agreement with the National Collegiate Athletic Association (NCAA) for international broadcasting rights of Men's Basketball.
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| Forex – Dollar Falls On Short-lived Appetite For Risk Posted: 16 Dec 2011 02:18 PM PST Forexpros – The dollar finished lower to mixed against major currencies on Friday after global markets took tame data out of the U.S. and a lack of bad news out of Europe as a sign to sell greenbacks and buy other assets deemed a little riskier but more rewarding. However, reports that Fitch Ratings revised the outlook for AAA-rated France and also warned that six other European countries were at risk for downgrades dampened optimism. Meanwhile inflation data out of Washington came in flat, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Fitch Downgrades Global Bigwigs Posted: 16 Dec 2011 02:15 PM PST Adding to the ongoing economic concerns, Fitch Ratings lowered its viability ratings on eight major global banks on Thursday. Moreover, long-term issuer-default ratings were also downgraded on six major U.S. and European banks.
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| Posted: 16 Dec 2011 02:15 PM PST The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation’s top six credit card companies reported a decline in card defaults, while two of them recorded lower delinquency rates.
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| Posted: 16 Dec 2011 02:05 PM PST We recently maintained a Neutral recommendation on Tetra Tech Inc. (NASDAQ:TTEK).
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| Monetary Policy Week In Review – 17 Dec 2011 Posted: 16 Dec 2011 01:58 PM PST The past week in monetary policy saw interest rate decisions announced by 11 central banks. Of those adjusting interest rates, all were reductions; Mozambique -100bps to 15.00%, Mauritius -10bps to 5.40%, Norway -50bps to 1.75%, and Denmark -10bps to 0.70%. Meanwhile those that held interest rates unchanged were: US 0-0.25%, Hong Kong 0.50%, Chile 5.25%, Switzerland 0-0.25%, Sri Lanka 7.00%, India 8.50%, and Colombia 4.75%. The US FOMC also announced no changes to its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Dec 2011 01:50 PM PST Apache Corporation (NYSE:APA) announced that, along with co-partners, it will go ahead with the development of the deepwater Lucius project in the Gulf of Mexico.
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| Posted: 16 Dec 2011 01:50 PM PST Cloud computing major Salesforce.com (NYSE:CRM) recently announced that it has entered into an agreement to acquire human resource software company Rypple, which specializes in performance management and goal-setting.
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| Posted: 16 Dec 2011 01:50 PM PST The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF's Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see a re-run of the depression of the 1930s.
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| Posted: 16 Dec 2011 01:50 PM PST Electronic Arts Inc. (NASDAQ:ERTS), aka EA, is set to showcase Star Wars: The Old Republic live on December 20, in North America and Europe. However, customers who preordered the popular Massively Multiplayer Online Role Playing Game (MMORPG) have been allowed to preload the game and play from December 13.
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| US Stocks Fall After Fitch Warns On Europe; Dow Down 0.02% Posted: 16 Dec 2011 01:49 PM PST Forexpros – U.S. stocks finished mixed to lower on Friday after Fitch Ratings said it was sticking with its AAA rating for France but revising its outlook down while warning that downgrades were possible for six other eurozone countries. The Dow Jones Industrial Average closed down 0.02%, while the S&P 500 index was up 0.32% and the Nasdaq Composite index gained 0.56% on Friday. In the U.S. on Friday, the government reported that November inflation came in flat from October, off from a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 16 Dec 2011 01:30 PM PST General Motors Company (NYSE:GM) announced that it will resume production of Cruze compact cars at its Lordstown, Ohio plant. The company halted production at the plant from the beginning of this week due to a supplier issue.
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| Marietta Seeks Clarity In Deal Terms Posted: 16 Dec 2011 01:20 PM PST Earlier this week, Martin Marietta Materials, Inc. (NYSE:MLM) announced that it will commence an unsolicited exchange offer to acquire all the outstanding shares of Vulcan Material Company's (NYSE:VMC) common stock at a fixed exchange ratio of 1:2. More specifically, as per the exchange offer, each of Vulcan's common stockholders will receive 0.50 shares of Martin Marietta common stock.
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| Regulators Nod To Sempra-PG&E Deal Posted: 16 Dec 2011 01:05 PM PST The 25-year contract between Sempra Generation, a subsidiary of Sempra Energy (NYSE:SRE) and Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (NYSE:PCG) has received formal approval from the California Public Utilities Commission. Post approval, PG&E is eligible to buy renewable power from Sempra's 150 megawatts (MW) Copper Mountain Solar 2 project that is located in Boulder City, Nevada.
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| Honeywell Issues 2012 Guidance Posted: 16 Dec 2011 12:55 PM PST Honeywell International Inc. (NYSE:HON) issued its financial guidance for 2012 while reaffirming its outlook for the current year. The company expects a 4% to 7% increase in its 2012 sales in comparison to 2011, with the forecasted sales range of $37.8 billion to $38.9 billion for 2012.
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| Earnings Preview: Jabil Circuit Posted: 16 Dec 2011 12:50 PM PST Jabil Circuit Inc. (NYSE:JBL) is set to announce its fiscal first quarter 2012 results on Tuesday, December 20, after the closing bell. In the run up to the earnings results, we did not notice a substantial movement in analysts' estimates for the quarter.
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| Posted: 16 Dec 2011 12:50 PM PST United Technologies Inc. (NYSE:UTX) reaffirmed its fiscal 2012 guidance of earnings of $5.47 a share and revenues of approximately $58 billion. However, the recent acquisition of Goodrich Corp. is expected to dilute the earnings by about 40 cents. Therefore, excluding the acquisition, the company expects earnings for next year to be in the range of $5.80 to $6.00 a share (up 6% to 10% year over year).
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| Markets In Everything: Mobile Cigar Lounge Posted: 16 Dec 2011 12:39 PM PST “Today's smoking bans may cramp some consumers' style, but they've also launched a world of new business innovations. Now joining the ranks of ashvertising, social e-cigarettes and digitally enhanced packaging is CigaRv, a "Mobile Man Cave" on wheels that brings a cigar lounge to any event, regardless of local smoking laws (see photo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| A.M. Best Rates WellPoint Securities Posted: 16 Dec 2011 12:35 PM PST Yesterday, rating agency A.M. Best Co. assigned ratings to WellPoint Inc.'s (NYSE:WLP) securities that were recently registered through the universal shelf registration process. The rating agency assigned a "bbb+" rating to the company's senior unsecured debt, "bbb" to subordinated debt and "bbb-" to preferred stock with a stable outlook.
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| World Stock Markets Are Correlated Posted: 16 Dec 2011 12:21 PM PST If thanks are in order then it's from me to all of you. It's because of you that I take the time to be analytic, to look at the forest instead of at the trees, to look in places and … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| PEG To Serve LIPA In 10-Yr Deal Posted: 16 Dec 2011 12:20 PM PST PSEG Long Island LLC, a subsidiary of Public Service Enterprise Group Inc. (NYSE:PEG) has received a 10-year contract from Long Island Power Authority ("LIPA") to manage its electric transmission and distribution system. Per the contract, the company will look after and provide safe and reliable service to 1.1 million LIPA customers.
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| Central Bank Of Colombia Holds Interest Rate At 4.75% Posted: 16 Dec 2011 12:17 PM PST The Central Bank of Colombia held its monetary policy interest rate unchanged at 4.75%. The Bank said [translated]: “the main risk to inflation coming from excessive expansion in demand or increases in cost overruns, with strong and lasting effects on expectations and credibility of monetary policy. In a longer time horizon, excessive credit growth and continued low interest rates could be a source of financial imbalances have negative consequences on the sustainability of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Reserve Bank Of India Pauses Repo Rate At 8.50% Posted: 16 Dec 2011 12:02 PM PST The Reserve Bank of India [RBI] paused its repo rate at 8.50% and also held the reverse repo rate at 7.50%, and cash reserve ratio at 6 percent. The RBI said: “On the domestic front, growth is clearly decelerating. This reflects the combined impact of several factors: the uncertain global environment, the cumulative impact of past monetary policy tightening and domestic policy uncertainties.Both inflation and inflation expectations are currently above the comfort level of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Willis: “Market Fading On Rumors” Posted: 16 Dec 2011 12:00 PM PST 12/16/11 Sunrise Securities’ Ben Willis discusses this week’s trading action in equities and commodities, and expectations heading into the final weeks of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Softens As Greenback Selloff Abates Posted: 16 Dec 2011 11:58 AM PST Forexpros – Sentiment the U.S. is moving closer to firmer economic footing sparked global appetite for risk on Friday, sending investors buying currencies like the pound in search of more rewarding assets worldwide, although the mood tempered in late trading. GBP/USD was trading at 1.5500, down 0.09% after posting strong gains in afternoon trading on Friday, down after topping out at 1.5557. The pair sought to test technical support at 1.5487 and resistance at 1.5504. In the U.S., … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| HKMA Keeps Interest Rate At 0.50% Following Fed Posted: 16 Dec 2011 11:51 AM PST The Hong Kong Monetary Authority sustained its base interest rate unchanged at 0.50% following the decision of the US Federal Reserve to leave the fed funds rate unchanged at 0-0.25%. The HKMA said in a report: “Worries about the global economic prospect have escalated over the past few months. The pace of recovery in the G2 economies has been much weaker than expected, triggering repeated downgrades of their output growth projections. Market confidence has also become … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Oil Extends Slide, Down To 6-week Low Posted: 16 Dec 2011 09:00 AM PST 12/16/11 Crude oil slid below $93/bbl to extend its losses. The commodity is seeing technical pressure, ending a week of sharp … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The Trend Trader For ETF Trading On Monday, December 19, 2011 Posted: 16 Dec 2011 04:02 AM PST By ForexMansion.com The Trend Trader for ETFs The top 40 ETFs by net assets Close 3×1 7×5 AGG – iShares Lehman Aggregate Bd Fd Bullish BND – Vanguard Total Bond Market ETF Bullish DBC – DB Commodity Index Tracking Fd Neutral DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| The Trend Trader For Stock Trading On Monday, December 19, 2011 Posted: 16 Dec 2011 04:02 AM PST By ForexMansion.com The Trend Trader for the Dow 30 Stocks In alphabetical order by symbol Close 3×1 7×5 AA – Alcoa Inc Bearish AXP – American Express Company Bearish BA – Boeing Co Neutral BAC – Bank of America Corporation Bearish CAT – Caterpillar Inc
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| The Trend Trader For Futures Trading On Monday, December 19, 2011 Posted: 16 Dec 2011 04:02 AM PST By ForexMansion.com The Trend Trader for Futures INDICES Close 3×1 7×5 S&P 500 – Mar ESH2 Bearish Dow Jones – Mar YMH2 Bearish Nasdaq – Mar NQH2 Bearish Russell – Mar TFH2 Neutral INTEREST RATES US T-Bond – Mar ZBH2
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| The Trend Trader For Forex Trading On Monday, December 19, 2011 Posted: 16 Dec 2011 04:02 AM PST By ForexMansion.com The Trend Trader for Forex THE BIG SIX Close 3×1 7×5 AUDUSD – Aust Dollar / US Dollar Neutral EURUSD – Euro / US Dollar Neutral GBPUSD – British Pound / US Dollar Bullish USDCAD – US Dollar / Canadian Dollar Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 15 Dec 2011 10:00 PM PST Followers of The Stock Trader's Almanac are probably familiar with the "January Effect" that shows how small-capitalization companies have historically crushed large-cap stocks during the first month of the year. According to Yale and Jeffrey Hirsch, small-caps have delivered a forceful blow to their larger counterparts in 40 out of 43 years from 1953 through 1995.
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