Monday, December 12, 2011

DailyMarkets.com - Taubman Centers Hikes Dividend

DailyMarkets.com - Taubman Centers Hikes Dividend


Taubman Centers Hikes Dividend

Posted: 12 Dec 2011 10:35 AM PST

Taubman Centers Inc. (NYSE:TCO), a real estate investment trust (REIT), has recently increased its dividend payout by 2.9% to a quarterly payment of $0.45 per share or $1.80 on an annualized basis. The dividend is payable on December 30, 2011 to shareholders of record as on December 19, 2011.
Since its initial public offering in 1992, Taubman Centers has never reduced its common dividend, while increasing the same on 14 occasions. A steady dividend payout facilitates the long-term strategy of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: USDCAD Finds Profit Taking Sellers Against The Month Long Midpoint

Posted: 12 Dec 2011 10:34 AM PST

The USDCAD rallied off support against the 200 hour MA (green line in the chart above) but has found willing profit taking sellers against the 50%  of the move down from the November high. The level comes in at the 1.0285 and that it where the price has peaked. 
The pair has consolidated at the high over the last few hours. The  downside support  will look for the 100 bar MA on the 5 minute chart at the 1.0257 level. Trendline suppor off recent lows also comes in at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


McDonald’s Maintains Comps Momentum

Posted: 12 Dec 2011 10:20 AM PST

Global comparable sales (comps) of McDonald’s Corp.(NYSE:MCD) grew 7.8% in November on the back of strong beverage as well as core menu sales. The fast-food chain operator witnessed an uptrend on both year-over-year basis and sequential basis across all regions. By comparison, overall comps rose 4.8% in November 2010 and up 5.5% in the last month.
In the United States, comps growth of 6.5% was higher than 4.9% recorded in November 2010. Growth in average unit volume comes from three primary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Brandywine Leases In Philadelphia

Posted: 12 Dec 2011 10:05 AM PST

Brandywine Realty Trust (BDN) recently announced that it has executed five additional leases for a total space of 224,426 square feet at Three Logan Square in Philadelphia, PA.
Three Logan Square is currently 88% leased with three new leases encompassing 178,279 square feet of space for new tenants and the renewal of two leases by the existing tenants. The recent leasing strategy is expected to enhance the company’s portfolio going forward.
The company primarily focuses on maximizing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Still Neutral On Total System

Posted: 12 Dec 2011 09:50 AM PST

We reiterated our Neutral recommendation on Total System Services Inc. (NYSE:TSS), the global electronic payment processor and merchant acquirer, based on the current sustainability factor. The company reported third-quarter operating earnings of 30 cents per share, a penny higher than the Zacks Consensus Estimate but comfortably higher than 23 cents per share in the year-ago quarter.
Results reflected increased revenues from most business segments, lower taxes and increase in overall transaction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


European Shares Slammed As Summit Disappoints; DAX Off 3.36%

Posted: 12 Dec 2011 09:43 AM PST

Forexpros – European shares were slammed lower on Monday as the double whammy of a disappointing summit pact and a Moody’s credit review notice, sent stocks spiraling down.

After the close of European trade, the EURO STOXX 50 was lower by 3.12%, France’s CAC 40 dropped 2.61%, while Germany’s DAX 30 was off by 3.36%. Meanwhile, in the U.K. the FTSE 100 fell 1.83%.

The European stock markets rejected the agreement made at the Summit last week. The prime concern is that the accord failed to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Breaking Lower. Moves Back Below Channel Trendlines

Posted: 12 Dec 2011 09:37 AM PST

The EURUSD has broken to new lows and has moved back below channel trendlines (see chart above).  This is indicative of a willingness to sell and should not be ignored. Traders will be looking for the price to remain below the 1.3221-29 level (earlier lows for the day).  Staying below keeps the bears in firm control.
On the downside, there still is some fairly significant support which needs to be taken out. The low from October 25th came in at the 1.3211 level. Also there is a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: GBPUSD Has Been Better Supported Today

Posted: 12 Dec 2011 09:37 AM PST

Relative to the EURUSD which has been under consistent pressure today, the GBPUSD is down but is more supported relatively. The pair has nevertheless corrected off the NY high to the 50% of the intraday move higher off the lows. That level comes in at the 1.55957 level and the price has now tested that level on the last two hourly bars.  A break below this level will be needed for the bears  to reassert additional control.  Holding the level, gives the intraday bulls some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Banging Against The 1.3211 Level

Posted: 12 Dec 2011 09:37 AM PST

The 1.3211 level is where trendline connecting the January 1oth low and the low from October 4th comes across (see daily chart above) . The price has banged against this level over the last hour or so of trading with good two-way flow. The low has come in at 1.3210 currently.  
On the topside the price has been able to stay below the 1.3221-29 resistance. A move above this level will be needed to give the intaday dip buyers a reason for increased corrective confidence (and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Still Neutral On Comcast

Posted: 12 Dec 2011 09:30 AM PST

Comcast Corp. (NASDAQ:CMCSA) continues to perform well despite volatile market conditions. The company's cable segment is performing exceptionally well coupled with increased contribution from NBC Universal.  Although the company continues to suffer video subscriber losses, the rate of subscriber loss actually plummeted by a whopping 40% year over year. At present, Comcast turned out to be a diversified entertainment house, offering cable-TV, faster Internet connectivity, producing rich TV … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Ecolab Buys Brazilian Business

Posted: 12 Dec 2011 09:16 AM PST

Ecolab (NYSE:ECL) is on an acquisition spree, which is evident from its back to back buyouts to expand its global healthcare business. The Minnesota-based cleaning and sanitation products major recently said that it has scooped up the InsetCenter pest elimination business in Brazil for an undisclosed price, representing the third acquisition, which it has completed this month.
Ecolab closed its $8.3 billion acquisition of Illinois-based water treatment services major Nalco Holding earlier this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Spain Busts Fake Cigarette Racket

Posted: 12 Dec 2011 09:01 AM PST

The Spanish government has confiscated 561,000 fake cigarettes, which were imported from China and were paving their way into the Spanish market through the port of Valencia. The cigarettes were being transported in a container marked "synthetic fiber".
China is the hub of fake cigarette dealers and they are mostly traded online. The trade of illegal cigarette products in large quantities on the internet has also increased dramatically, casting a huge shadow over the lawful cigarette trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Mildly Optimistic, “Newisiness”-Challenged

Posted: 12 Dec 2011 09:01 AM PST

With investors generally giving a positive response to Friday's European deal, attention will now shift to follow-up action, particularly from the European Central Bank (ECB). The expectation all along was that unified action from European leaders in creating a viable fiscal union will give the ECB the needed cover to start playing a more proactive role in the government bond markets. The key question in the market from now on will be if and when the ECB will start playing such a role.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


BCE Hikes Dividend, Plan Buybacks

Posted: 12 Dec 2011 09:01 AM PST

Canada's largest telecom carrier BCE Inc. (NYSE:BCE) again boosted its shareholders' return by increasing its dividend payout and share repurchase. The company raised its annual dividend by 5% to C$2.17 per share for the next year, maintaining its track record of dividend growth.
BCEhiked its dividend seventh times in the past two years, representing an increase of 49% since the fourth quarter of 2008. Currently, BCE pays an annual dividend of C$2.07 per share. Thenew payout would start from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gilead Presents Elvitegravir Data

Posted: 12 Dec 2011 09:01 AM PST

Gilead Sciences, Inc. (NASDAQ:GILD) recently announced positive long-term data from a late-stage pivotal trial (study 145) evaluating its HIV pipeline candidate elvitegravir.
The study assessed the non-inferiority of ritonavir-boosted elvitegravir dosed once daily, as compared to Merck's (NYSE:MRK) Isentress dosed twice daily in treatment-experienced HIV patients. Earlier this year in March, the study met the primary endpoint, when Gilead had announced 48 week data. In January 2011, the company had … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


MMI Receives Favorable Ruling

Posted: 12 Dec 2011 09:01 AM PST

Recently, Motorola Mobility Inc. (MMI) received a favorable ruling from the court in Manheim, Germany regarding infringement of its GPRS technology. Earlier, Motorola Mobility filed a lawsuit against Apple Inc's (NASDAQ:AAPL) Ireland-based sales company Apple Sales International alleging violation of the GPRS technology through the sale of iPad 3G and iPhone 4.
The present ruling will force Apple to stop selling the two popular devices in Germany and can also induce the latter to eliminate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Duke Realty Repositions Portfolio

Posted: 12 Dec 2011 09:01 AM PST

Duke Realty Corp. (DRE) recently announced that it has sold a suburban office portfolio located in seven of its markets across the Midwest and Southern part of the United States to an affiliate of Blackstone Real Estate Partners VII for $1.06 billion.
The recent divestiture is in sync with Duke Realty's strategy of repositioning its portfolio by reducing its investment in suburban office properties. The strategic move on the company's part is also expected to generate sufficient funds for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


ACFN Announces $12.3 Million Contract Order

Posted: 12 Dec 2011 09:01 AM PST

ACFN announces $12.3 million contract order
Steven Ralston, CFA
Acorn Energy (ACFN) announced that its 84%-owned DSIT subsidiary received a very significant order from an undisclosed Asian customer. It is believed that the $12.3 million contract is the largest order for any underwater security system designed to protect energy infrastructure. It definitely is the largest order received by any of Acorn Energy's subsidiaries. Composed of a large number of AquaShield Diver Detection Sonar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


New Credit Agreement For AutoNation

Posted: 12 Dec 2011 09:01 AM PST

AutoNation Inc. (NYSE:AN) recently signed a new unsecured credit agreement, comprising a $500 million term loan facility and a $1.2 billion revolving credit facility, valid till December 07, 2016. This new agreement replaces AutoNation's existing credit agreement due 2012 and 2014. Last month, the company announced that it is in talks with lenders regarding the new credit agreement.
The new agreement also allows the company to raise the amount of the term loan as well as the revolving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Henry Schein Signs BioCurex Deal

Posted: 12 Dec 2011 09:01 AM PST

Butler Schein Animal Health, a division of worldwide healthcare products and services distributor Henry Schein (NASDAQ:HSIC), recently entered into a distribution agreement with OncoPet Diagnostics, a wholly owned subsidiary of BioCurex Inc. As per the agreement, Butler Schein will distribute OncoPet Sample Collection Kit for the diagnosis of canine cancer to its huge network of veterinary professionals in the US.
Presently, Butler Schein is working in association with more than 400 animal health … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Varian’s TrueBeam Enters France

Posted: 12 Dec 2011 09:01 AM PST

Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) recently stated that a brain tumor patient was the first individual in France to be treated with its popular TrueBeam radiotherapy system. Subsequently, many more patients have been treated at the Cancer Research Center of Languedoc-Roussillon at the Centre Val d’Aurelle, Montpellier. The hospital is in the process of setting up two more TrueBeam systems, one of which is a TrueBeam STx.
The TrueBeam system is intended … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lobbying Charges Up For Kimberly

Posted: 12 Dec 2011 09:01 AM PST

Kimberly-Clark Corporation (NYSE:KMB) reported that it has spent $110,000 during the third quarter 2011 on issues related to taxes and environment. Lobbying charges increased from the previous quarter to $50,000 and from the second quarter of 2010 to $80,000.
According to the filing with the House clerk’s office, Kimberly-Clark lobbied the Congress and opposed proposals to increase the use of natural gas in transportation and power generation.
The company also opposes the strict government rules … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Etihad To Buy From Boeing

Posted: 12 Dec 2011 09:01 AM PST

The Boeing Company (NYSE:BA) announced that it has bagged an order from the national airline of the United Arab Emirates, Etihad Airways. Per the order Boeing will supply 10 787-9 Dreamliners and 2 777 Freighters to Etihad Airways. The order, at list price, amounts to a cumulative value of $2.8 billion. The airline’s fleet currently includes 8 Boeing 777-300ERs and one 777 Freighter.
The Boeing 787-9 Dreamliner is a slightly larger version of the 787-8 and will carry 250-290 passengers on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Risk-Return Balances XL Group

Posted: 12 Dec 2011 09:01 AM PST

We retain our Neutral recommendation on XL Group (NYSE:XL) based on its substantial exposure to catastrophe losses as well as declining trend in the net investment income.
Counting on the positives, XL Group remains focused on those lines of business within its insurance and reinsurance operations that provide the best return on capital over the pricing cycle. New business coupled with improved rates aided the uptick at Insurance.
Higher premiums at the Reinsurance segment largely came from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Celgene Presents Positive Data

Posted: 12 Dec 2011 09:01 AM PST

Recently, Celgene Corporation (NASDAQ:CELG) presented multiple data at the 53rd Annual Meeting of the American Society of Hematology (ASH) in the US. The biotechnology firm presented encouraging interim data from a study (CLL-009), which evaluated Revlimid at three doses (5 mg, 10 mg or 15 mg) in patients suffering from chronic lymphocytic leukemia (CLL) who have received at least one prior therapy for the disease.
The study is evaluating the safety and efficacy of Revlimid in patients suffering … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Legland: “Relatively Positive On US Economy”

Posted: 12 Dec 2011 09:00 AM PST

12/12/11 Société Générale’s Global Head of Research, Patrick Legland weighs in on the US economic outlook and discusses factors that will affect the currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dollar Rallies On Eurozone Uncertainty

Posted: 12 Dec 2011 03:00 AM PST

12/12/11 The US dollar was rising this morning following growing concerns over the eurozone after last weeks EU summit and continued pressure from ratings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Rallies As Euro Zone Woes Spur Flight To Safety

Posted: 12 Dec 2011 07:54 AM PST

Forexpros – The U.S. dollar was sharply higher against its major counterparts on Monday, as investors remained skeptical over whether Friday's European Union agreement would be enough to resolve the debt crisis in the euro zone.

During U.S. morning trade, the dollar was up against the euro, with EUR/USD tumbling 1.25% to hit 1.3216.

Sentiment on the single currency was hit after Moody's said it will review the ratings of all EU countries in the first quarter, saying Friday's summit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Natural Gas Tumbles To 13-month Low On Warm Weather Outlook

Posted: 12 Dec 2011 07:47 AM PST

Forexpros – Natural gas futures were down sharply on Monday, tumbling to a 13-month low as warmer-than-normal winter weather in the U.S. underlined 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 USD3.247 per million British thermal units during U.S. morning trade, tumbling 2.13%.

It earlier fell by as much as 2.55% to trade at USD3.217 per million British thermal units, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


What Are The Greatest Risks?

Posted: 12 Dec 2011 07:41 AM PST

In the midst of all the research and analysis put forth by virtually every entity within the financial services industry, I VERY rarely see any mention of what I deem to be the two greatest risks that individual investors face each and every day.
We are fed and can read volumes about a wide array of risks, including market risk, interest rate risk, credit risk, currency risk, prepayment risk, volatility risk, and liquidity risk. While overwhelmed by analysis on these risks, my 'sense on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Trims Losses Amid Euro Zone Worries

Posted: 12 Dec 2011 07:41 AM PST

Forexpros – The pound trimmed losses against the U.S. dollar on Monday, but market sentiment remained downbeat amid ongoing fears over the debt crisis in the euro zone.

GBP/USD pulled back from 1.5538, the pair's lowest since November 30 to hit 1.5607 during U.S. morning trade, still down 0.39%.

Cable was likely to find support at 1.5494, the low of November 23 and resistance at 1.5734, the high of December 9.

Moody's Investors Service said it will review the ratings of all EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Extends Losses, Tumbles More Than 1%

Posted: 12 Dec 2011 07:32 AM PST

Forexpros – The euro extended losses against the U.S. dollar on Monday, tumbling more than 1% amid sustained concerns over European leaders handling of the debt crisis in the single currency bloc.

EUR/USD hit 1.3214 during U.S. morning trade, the pair's lowest since October 4; the pair subsequently consolidated at 1.3216, tumbling 1.26%.

The pair was likely to find support at 1.3144, the low of October 4 and a10-month low and resistance at 1.3381, the session high.

European Union leaders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Markets In Everything: EBay Of Lawyering

Posted: 12 Dec 2011 07:16 AM PST

The Tax Prof blog features a Chronicle of Higher Education story (paid subscription required) about Shpoonkle,  a “matchmaking Web site where recent law graduates could hone their legal skills by bidding alongside other lawyers for clients seeking affordable counsel.” Shpoonkle operates as “a reverse-auction site where potential clients describe legal problems and lawyers bid to see who can solve them for the lowest price.”

Lawyer Scott Greenfield is not a Shpoonkle (“the eBay of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Plunges 3% As EU Debt Fears Rattle Sentiment

Posted: 12 Dec 2011 07:16 AM PST

Forexpros – Gold futures plunged to a six-week low on Monday, breaking through key support levels after European leaders failed to convince investors that progress was made in tackling the region's debt crisis at last week's summit.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,663.75 a troy ounce during U.S. morning trade, plunging 3.1%.

It earlier fell by as much as 3.21% to trade at USD1,661.95 a troy ounce, the lowest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


As Euro Falls, So Does Oil Prices

Posted: 12 Dec 2011 02:15 AM PST

12/12/11 With the euro trading lower this morning and demand concerns rising following last weeks EU summit results, frontm onth crude prices were trading below $98 a barrel to start the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


U.S. Stocks Tumble As E.Z. Concerns Weigh; Dow Jones Down 1.30%

Posted: 12 Dec 2011 07:06 AM PST

Forexpros – U.S. stocks were sharply lower on Monday, after Moody's said it intends to review the credit ratings of all European Union countries amid sustained concerns over the handling of the region's debt crisis.

During early U.S. trade, the Dow Jones Industrial Average tumbled 1.30%, the S&P 500 index plunged 1.55%, while the Nasdaq Composite index plummeted 1.62%.

Moody's Investors Service said it will review the ratings of all EU countries in the first quarter, adding that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Extends Losses On EZ Debt, Iran Fears Support

Posted: 12 Dec 2011 06:51 AM PST

Forexpros – Crude oil futures extended losses on Monday, trading below USD99-a-barrel as a broadly stronger U.S. dollar and growing concerns over the handling of the euro zone's debt crisis weighed, while fears over a disruption to Iranian oil exports limited losses.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD97.95 a barrel during early U.S. morning trade, tumbling 1.46%.

It earlier fell by as much as 1.7% to trade at a daily low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Rallies To 8-day High In Risk-off Trade

Posted: 12 Dec 2011 06:39 AM PST

Forexpros – The U.S. dollar rallied to an eight-day high against its Canadian counterpart on Monday, as sustained concerns over the handling of the debt crisis in the euro zone weighed on demand for riskier assets.

USD/CAD hit 1.0278 during early U.S. trade, the pair's highest since November 30; the pair subsequently consolidated at 1.0273, surging 1.02%.

The pair was likely to find support at 1.0166, the low of December 9 and resistance at 1.0362, the high of November 30.

European Union … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Major Buying Opportunity In Gold And Silver Explorers

Posted: 12 Dec 2011 06:37 AM PST

The financial press reveals the bipolar state of the global economy. One report questions whether the cash exists to bail out the PIIGS. This morning there is a conflicting story which reports that the major banks of the United States, France, Germany and Japan will provide the liquidity to effect support for the troubled nations. Remember Gold Stock Trades oft quoted trope, that the markets will do whatever it must to confuse, misdirect and obfuscate the lay investor. The daily dose of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Week Opens Lower As Moody’s Warns On Euro-zone Summit

Posted: 12 Dec 2011 06:30 AM PST

Fundamental Headlines
• Italy Sales €7 Billion in Bills as Costs Decline – Bloomberg
• U.S. Growth is No Deterrent for Rally in Treasuries – Bloomberg
• Greece Opens Bailout, Debt Swap Talks – Reuters
• Cameron's Treaty Opt-Out May Prove Problematic – WSJ
• Banks Sit in a Tangled Web – WSJ
European Session Summary
The week opened softer on Monday with futures pointing towards a lower open by U.S. equity markets. Although Asian equity markets posted gains, European … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Sharply Lower As E.Z. Concerns Linger

Posted: 12 Dec 2011 06:15 AM PST

Forexpros – The euro was sharply lower against the yen on Monday, as market sentiment was hit after European leaders failed to convince investors that progress was made in tackling the region's debt crisis at last week's summit.

EUR/JPY hit 103.10 during European afternoon trade, the pair's lowest since December 8; the pair subsequently consolidated at 103.26, declining 0.61%.

The pair was likely to find support at 102.48, the low of November 25 and resistance at 104.39, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


No comments:

Post a Comment