DailyMarkets.com - Starwood Buys Stake In German Asset
DailyMarkets.com - Starwood Buys Stake In German Asset |
- Starwood Buys Stake In German Asset
- DDR-Glimcher Completes Asset Swap
- LabCorp-Orchid Deal Evinces FTC Nod
- Forex – GBP/USD Up In U.S. Trade
- European Markets Close Higher; Dax Up 1.91%
- Patterson Cos Retained At Neutral
- Gold Erases Losses On EU Currency Optimism
- Who Is The Smartest Of Them All?
- Comcast Emphasizing SMB Segment
- Ferrellgas Reports Mixed 1Q
- The Taming Of Inflation In China
- JPMorgan May Repurchase More Shares
- H&R Block Boosts Shareholders Value
- Trade Deficit Both Up And Down
- Forex – EUR/USD Firms On EU Summit Progress
- Forex – EUR/USD Up At The End Of European Session
- IBM To Acquire DemandTec
- Air Products Teams With Dow Corning
- Forex – GBP/USD Up Toward The End Of European Session
- Equity Residential Forms JV With TOL
- Dow Reclaims 12K On EU Accord
- Chart Of The Day: Gas Prices Falling, Merry Xmas
- Tight Range Trade For Euro On EU Summit Talks
- U.S. UoM Consumer Sentiment Rises More-than-expected
- Crude Falls Below $98
- Steps To Tackle Debt Lifts Markets
| Starwood Buys Stake In German Asset Posted: 09 Dec 2011 10:35 AM PST Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently signed a deal to acquire a 49.8% stake at Design Hotels AG from Arabella Hospitality SE in Germany. Financial terms of the deal were not disclosed. The transaction is scheduled to close in the first quarter of 2012.
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| DDR-Glimcher Completes Asset Swap Posted: 09 Dec 2011 10:20 AM PST DDR Corp. (NYSE:DDR), a real estate investment trust (REIT), has recently completed the asset swap transaction that was announced earlier in September 2011 with one of its peers Glimcher Realty Trust (NYSE:GRT). The asset swap was part of the respective corporate strategy to better align the portfolio with the other's operating platform. The transaction is expected to be accretive to earnings of both the participating companies.
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| LabCorp-Orchid Deal Evinces FTC Nod Posted: 09 Dec 2011 10:05 AM PST Laboratory Corporation of America Holdings (NYSE:LH) received the much awaited nod from the US Federal Trade Commission (FTC) for the proposed acquisition of Orchid Cellmark (NASDAQ:ORCH). The FTC nod comes with the rider that LabCorp will have to hive off certain assets of Orchid's US government paternity business following completion of the transaction. This would reduce the "anti-competitive impact" of the proposed merger, according to the federal agency. LabCorp has agreed to sell those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Up In U.S. Trade Posted: 09 Dec 2011 10:00 AM PST Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.5641, up 0.08% at time of writing. The pair was likely to find support at 1.5561, Tuesday's low, and resistance at 1.5770, Thursday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 67.7 last month from 64.1 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Markets Close Higher; Dax Up 1.91% Posted: 09 Dec 2011 09:55 AM PST Forexpros – European stocks were up after the closing bell on Friday. At the close of European trade, Germany's DAX rose 1.91%, London's FTSE 100 gained 0.83%, France's CAC 40 climbed 2.48% and the EURO STOXX 50 was up 2.38%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 1.38%; the S&P 500 index gained 1.55%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Patterson Cos Retained At Neutral Posted: 09 Dec 2011 09:50 AM PST We reaffirm our Neutral rating on the Patterson Companies (NASDAQ:PDCO), a leading distributor of dental, companion-pet veterinarian and rehabilitation medical supplies. The company posted tepid second-quarter fiscal 2012 results with both revenues and earnings missing the Zacks Consensus Estimates.
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| Gold Erases Losses On EU Currency Optimism Posted: 09 Dec 2011 09:37 AM PST Forexpros – Gold prices rose Friday, reversing earlier losses as investors snapped up the precious metal that initially fell on news that European leaders were making progress to tackling their debt issues, which had firmed demand for gold’s traditional hedge: paper currencies. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,717.65 a troy ounce during Asian trading, rising 0.25% and slightly off from a session high of 1,727.95 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Who Is The Smartest Of Them All? Posted: 09 Dec 2011 09:35 AM PST With the whole world increasingly going mobile, top phone makers such as Samsung, LG, Motorola, Apple (NASDAQ:AAPL) and Research In Motion (NASDAQ:RIMM) are scrambling to bring smarter devices to the market. In fact, phone makers are touting screen size, resolution, virtual or real QWERTY keyboards, video conferencing, recording and streaming, social networking, office integration and what not to boost sales.
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| Comcast Emphasizing SMB Segment Posted: 09 Dec 2011 09:35 AM PST Comcast Corp. (NASDAQ:CMCSA), the largest cable MSO in the U.S., is aggressively exploiting small and mid-sized (SMB) business opportunities. The company is currently providing metro Ethernet services in 20 major U.S. markets and is expected to offer the services in most of its point-of-presences by the end of 2011.
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| Posted: 09 Dec 2011 09:35 AM PST Ferrellgas Partners LP’s (NYSE:FGP) reported net loss per unit of 42 cents for the first quarter of fiscal 2012, ending October 31, wider than the Zacks Consensus Estimate of a loss of 30 cents. The quarter's loss was 2 cents higher than the prior-year quarter loss of 40 cents.
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| The Taming Of Inflation In China Posted: 09 Dec 2011 09:20 AM PST China's National Bureau of Statistics recently stated that the country's inflation rate has fallen from a 3-year high of 6.5% last July to 4.2% year-over-year in November, which represents its slowest rate of growth in over a year. Producer prices inched up just 2.7% year on year, the lowest in nearly 2 years. Food inflation, a politically sensitive topic, moderated on a sequential basis to 8.8% in November from 11.9% in October.
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| JPMorgan May Repurchase More Shares Posted: 09 Dec 2011 09:20 AM PST While addressing The Goldman Sachs Group Inc. (NYSE:GS) investor conference on Wednesday, JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon stated that the company has the authority to buyback more of its shares. The company made this possible by utilizing less money on dividend payments than what was approved by the Federal Reserve.
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| H&R Block Boosts Shareholders Value Posted: 09 Dec 2011 09:05 AM PST With an intention to return more value its shareholders, the board of directors of H&R Block Inc. (NYSE:HRB) authorized an increase of 33% in its dividend. The company will now pay a dividend of 80 cents per share, up from 60 cents per share paid earlier.
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| Trade Deficit Both Up And Down Posted: 09 Dec 2011 09:05 AM PST The Trade Deficit fell in October to $43.47 billion from $44.17 billion, but the decline was only due to an upward revision to September from $43.11 billion. Thus, you could see it as a 1.6% decline, or a 0.8% increase depending if you use the current or original figures for September. It was better than the expected level of $44.0 billion. Factor in both the beat and the revisions and call it an in-line report. On a year-over-year basis, the total trade deficit was up by 10.2% from $39.45 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Firms On EU Summit Progress Posted: 09 Dec 2011 09:03 AM PST Forexpros – The euro rose against the dollar on Friday as the market digested conclusions of an EU summit, where member nations decided to move forward toughening fiscal policies even it meant somewhat isolating neighboring trading partner Great Britain. EUR/USD hit 1.3380 during in mid-session U.S. trading, rising 0.30% and off from an earlier session high of 1.3434 while up after testing support at 1.3282 earlier in the day. Support for the unit was seen at 1.3282, the session’s low and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Up At The End Of European Session Posted: 09 Dec 2011 09:00 AM PST Forexpros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.3367, up 0.20% at time of writing. The pair was likely to find support at 1.3282, today's low, and resistance at 1.3486, Monday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 67.7 last month from 64.1 in the preceding month. Analysts had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 09 Dec 2011 08:50 AM PST International Business Machines Corp. (NYSE:IBM) has agreed to acquire DemandTec Inc. (NASDAQ:DMAN), a cloud-based analytics solutions provider, for an estimated $440 million. This would be IBM's fourth acquisition in a span of 3 months. The proposed acquisition will enhance and strengthen IBM's Smarter Commerce initiatives. In an all cash transaction, IBM will be paying $13.20 per share for the acquisition.
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| Air Products Teams With Dow Corning Posted: 09 Dec 2011 08:35 AM PST Air Products & Chemicals Inc. (NYSE:APD) entered into an agreement with Dow Corning, a 50:50 joint venture between The Dow Chemical Co. (DOW) and Corning Inc., for the long-term supply of electronic-grade silane. Silane is a type of material used for manufacturing flat panel displays, semiconductors and photovoltaic cells.
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| Forex – GBP/USD Up Toward The End Of European Session Posted: 09 Dec 2011 08:25 AM PST Forexpros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.5648, up 0.12% at time of writing. The pair was likely to find support at 1.5561, Tuesday's low, and resistance at 1.5770, Thursday's high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment rose more-than-expected to a seasonally adjusted 67.7 last month from 64.1 in the preceding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Equity Residential Forms JV With TOL Posted: 09 Dec 2011 08:20 AM PST Equity Residential (EQR) and luxury-home builder Toll Brothers Inc. (TOL) recently announced a joint venture (JV) to develop a 40-story tower in Manhattan's Park Avenue. The construction of the 400,000-square-foot building is expected to commence in the first half of 2012.
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| Posted: 09 Dec 2011 08:10 AM PST 12/09/11 The major US stock averages soared as European leaders agreed to fiscal ties and measures to stem the debt crisis. University of Michigan’s consumer sentiment topped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Chart Of The Day: Gas Prices Falling, Merry Xmas Posted: 09 Dec 2011 07:57 AM PST At the national level, retail gas prices have fallen by 17% from the April high of about $4 per gallon to the current national average of about $3.28 (red line in chart above), according to price data from GasBuddy.com. In Albuquerque, New Mexico, gas prices have fallen about 25% from the April peak and are currently the lowest in the country at $2.80 per gallon (blue line). It’s an early Christmas present for U.S. consumers, who save about $1.50 billion annually for ever … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Tight Range Trade For Euro On EU Summit Talks Posted: 09 Dec 2011 02:15 AM PST 12/09/11 The euro continued to trade in a tight range this morning as the EU summit began its second day of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. UoM Consumer Sentiment Rises More-than-expected Posted: 09 Dec 2011 07:05 AM PST Forexpros – U.S. UoM consumer sentiment rose more-than-expected last month, preliminary data showed on Friday. In a report, the University of Michigan said that consumer sentiment rose to a seasonally adjusted 67.7, from 64.1 in the preceding month. Analysts had expected UoM consumer sentiment to rise to 65.9 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 09 Dec 2011 07:00 AM PST 12/09/11 Front month crude prices fell to trade below $98 a barrel this morning led by continued uncertainty surrounding the outcome of the EU summit and its effect on energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Steps To Tackle Debt Lifts Markets Posted: 09 Dec 2011 01:15 AM PST 12/09/11 The global markets continued to focus on the EU summit as steps continue to be taken in order to tackle the debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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