DailyMarkets.com - U.S. Rig Count Springs To 2019
DailyMarkets.com - U.S. Rig Count Springs To 2019 |
- U.S. Rig Count Springs To 2019
- Terreno Acquires Hayward Building
- Brandywine Signs New Credit Facility
- Can We Call A Bottom In Housing?
- Multi-Family Housing Starts Soaring
- General Mills Lags, Affirms Outlook
- AT&T Scraps T-Mobile Merger
- Televisa Upgraded To Neutral
- ConAgra Misses By A Penny
- German Confidence Lifts Euro Zone Stocks; DAX Soars 2.77%
- Forex Trading: USDCHF Moves Below Trendline On The Daily Chart
- Forex Trading: EUR/USD Bangs Against Key Resistance Level At 1.3131-37.
- Forex Trading: GBPUSD Trends Higher But Runs Into 38.2 Retracement Level. Intraday Support At 1.5654-63
- Forex Trading: EURUSD Back Below Breakout Trendline Level At 1.3089
- In-Line 4Q For Carnival
- BSD Medical’s MicroThermX At RSNA
- Apple Wins Lawsuit Against HTC
- Southwestern Provides 2012 Guidance
- Bayer Upped To Neutral
- Marcus Posts Impressive 2Q
- Sprint Nextel Sues Cable TV Giants
- LabCorp Divests Orchid DNA Paternity
- Red Hat Beats By A Penny
- Raytheon Gets Navy Contract
- Prologis Invests In Mexican Venture
- ITW’s Nov-end Sales Update
- Valeant Makes Hostile Bid
- CMS Reaffirms LifeVest Coverage
- Hungary Central Bank Raises Rate 50bps To 7.00%
- Dow Tops 12K On Housing Data, EU Debt Auction
- Euro Gets Some Energy
- Natural Gas Off 27-month Low But Downside Risks Remain
- Forex – Dollar Tumbles In Thin Trade But Sentiment Remains Fragile
- Forex – GBP/USD Rallies To 7-day High After U.S. Data
- Why The Performance Differential Between Treasury Bonds & The S&P 500 Matters
- Forex – EUR/USD Adds To Gains After Strong U.S. Housing Data
- Gold Futures Firm Above USD1,600 As USD Extends Drop
- U.S. Stocks Rally On Upbeat Housing Data; Dow Jones Up 1.97%
- Oil Rallies Above $96
- Forex – USD/CAD Tumbles To 1-week Low In Risk-on Trade
- Aussie And Kiwi Skyrocket, Dollar Dump Ensues
- Crude Oil Rallies Above USD97 After Upbeat U.S. Housing Data
- Fastest Growing Jobs 2007-11 Are Energy-Related
- Stocks See Thick Gains On Thin Trade
- Forex – EUR/JPY Hits 1-week High As Risk Appetite Recovers
- Top Ten Things You CAN And CAN’T Have For Xmas
- Freehand Offers Investors A Steady View Of Surgery Innovation
| U.S. Rig Count Springs To 2019 Posted: 20 Dec 2011 10:35 AM PST In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), primarily reflecting a jump in the tally of oil-directed rigs.
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| Terreno Acquires Hayward Building Posted: 20 Dec 2011 10:20 AM PST Terreno Realty Corporation (TRNO), a real estate investment trust (REIT), has recently acquired an industrial property in Hayward, California, for approximately $7.6 million. The acquisition is part of the long-term strategy of the company to desist from pursuing ground-up development or land investments, and instead own functional and flexible buildings in infill locations that can be modified to accommodate single and multiple tenants at discounts to replacement cost.
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| Brandywine Signs New Credit Facility Posted: 20 Dec 2011 10:08 AM PST Brandywine Realty Trust (BDN) recently announced that it has signed a new four-year unsecured revolving credit facility worth $600 million and unsecured term loan of $600 million.
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| Can We Call A Bottom In Housing? Posted: 20 Dec 2011 10:08 AM PST Why is housing so central to the U.S. economy, as opposed to other industries? Why does it hold the key to the economy booming or busting? Because it is exquisitely sensitive to interest rates — or at least it was, before the avalanche of houses in foreclosure simply swamped the housing market. The key reason that the Fed tries to lower interest rates when the economy weakens is to jump start residential investment. This time around, even record-low mortgage interest rates don't seem to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Multi-Family Housing Starts Soaring Posted: 20 Dec 2011 09:55 AM PST We got some good news on the housing front this morning. Housing Starts rose in November to a seasonally adjusted annual rate of 685,000 from 627,000 in October, a rise of 9.3%. The number was much better than the expected level of 627,000. The October numbers were revised slightly lower from 628,000. Relative to a year ago they are up 24.2%. The question is whether the higher starts are being absorbed by the market, or are simply adding to inventory. This should be answered on December 23th … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| General Mills Lags, Affirms Outlook Posted: 20 Dec 2011 09:50 AM PST General Mills Inc (NYSE:GIS) has reported adjusted earnings, excluding the effects of mark-to-market valuation of certain commodity positions, Yoplait integration costs in 2012, and a net benefit from certain tax matters in 2011, of 76 cents in the second quarter of fiscal 2012, in-line with the prior-year quarter. The quarterly earnings however, lagged the Zacks Consensus Estimate of 79 cents.
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| Posted: 20 Dec 2011 09:50 AM PST After many twists and turns, the AT&T Inc. (NYSE:T) and T-Mobile merger story finally reached in its last chapter, but with an unsuccessful ending. Following a nine-month fight to win approvals, the second largest U.S. wireless service provider dropped its $39 billion bid to purchase T-Mobile USA.
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| Posted: 20 Dec 2011 09:35 AM PST We upgrade our recommendation on Grupo Televisa S.A. (NYSE:TV) to Neutral following its third quarter of 2011 financial results, which surpassed the Zacks Consensus Estimates. The company lost massive advertising revenues from businesses of Mexican telecom tycoon Carlos Slim. Nevertheless, Televise continues to generate higherpay-TV revenue, better-than-expected programming revenue from Brazil, and higher royalties from its newly formed agreement with Univision in the U.S.
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| Posted: 20 Dec 2011 09:30 AM PST On December 20, 2011, ConAgra Foods Inc. (NYSE:CAG) reported second quarter of fiscal 2012 results, with diluted EPS (from continuing operations) of 41 cents compared with 45 cents in the year-ago quarter.
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| German Confidence Lifts Euro Zone Stocks; DAX Soars 2.77% Posted: 20 Dec 2011 09:24 AM PST Forexpros – European stocks surged higher on Tuesday on rising German confidence numbers, surprisingly positive U.S. housing data and a better than expected Spanish note auction. After the close of European trade, the EURO STOXX 50 soared higher by 2.31%, France’s CAC 40 climbed 2.66%, while Germany’s DAX 30 jumped 2.77%. Meanwhile, in the U.K. the FTSE 100 gained 0.82%. German business confidence rose in December to 107.2 from 106.6 in November triggering the biggest stock rally in a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: USDCHF Moves Below Trendline On The Daily Chart Posted: 20 Dec 2011 09:23 AM PST The USDCHF has broken below one trendline at 0.9318, but found support against bottom channel trendline support at the 0.9260 level. The low for the day has come in at 0.9268. Look for buyers against the level with stops on a move below.
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| Forex Trading: EUR/USD Bangs Against Key Resistance Level At 1.3131-37. Posted: 20 Dec 2011 09:22 AM PST The EURUSD is testing key topside resistance at the 1.3131-37 level. The level is the underside of a broken trendline (1.3137), the 38.2% of the trend move down (at 1.31315) and the 200 hour MA (1.3134) . For a closer look at the resistance area see chart below. The downside support is now found at the 1.3095-03 area. This is the 38.2%/50% retracement of the last leg higher. Typically, a trend day (which is what we are seeing now), will hold support against the 38.2%/50% of the last leg … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Dec 2011 09:22 AM PST The GBPUSD has enjoyed its own trend move higher with two legs to the upside. The last leg higher has the 1.5654 to 1.5663 area as support now. If the price can hold above this level, the bulls remain in control and there should be futher upside potential.
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| Forex Trading: EURUSD Back Below Breakout Trendline Level At 1.3089 Posted: 20 Dec 2011 09:22 AM PST The EURUSD found the 1.3131-37 level to be too good a level to pass up and sellers kept a lid on the pair (see prior post). Now the pair has given up on the bullish trend for the day (on the fall below the 1.3095-03 level) and has moved back into the shallow up channel (falling back into the channel at the 1.3089 level – see chart above). The price is now approaching the midpoint of the move up from the low today at the 1.3060 level. This is also where the first NY low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Dec 2011 09:16 AM PST Carnival Corporation (NYSE:CCL) reported fourth quarter 2011 adjusted earnings of 28 cents per share, in-line with the Zacks Consensus Estimate. Quarterly earnings deteriorated from the year-ago quarter earnings of 31 cents. For full fiscal 2011, earnings per share were $2.42 versus $2.47 recorded in the year-earlier quarter.
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| BSD Medical’s MicroThermX At RSNA Posted: 20 Dec 2011 09:16 AM PST Cancer treatment systems maker BSD Medical Corp. (NASDAQ:BSDM) reported that its MicroThermX Microwave Ablation System ("MicroThermX") was showcased at the recently held Radiology Society of North America ("RSNA") annual meet in Chicago.
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| Apple Wins Lawsuit Against HTC Posted: 20 Dec 2011 09:01 AM PST The U.S. International Trade Commission (ITC) ruled in favor of Apple Inc. (NASDAQ:AAPL), relating to a patent infringement case against HTC, the Taiwanese handset maker. The ITC found HTC guilty of infringing on one of Apple's four patents and thus banned certain handsets of HTC in the country. Apple had originally accused HTC of infringing on 10 patents, but later dropped six of those charges. The ban will take effect from April 19, 2012.
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| Southwestern Provides 2012 Guidance Posted: 20 Dec 2011 09:01 AM PST Southwestern Energy Company (NYSE:SWN) has a planned capital investment program of nearly $2.3 billion for 2012. Of this total, approximately $2.0 billion will be spent on exploration and development activities with a special focus on Marcellus Shale in Pennsylvania.
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| Posted: 20 Dec 2011 09:01 AM PST We have upgraded our recommendation on Bayer (BAYRY) from Underperform to Neutral. Our target price on the stock is $61.00.
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| Posted: 20 Dec 2011 09:01 AM PST Milwaukee-based The Marcus Corporation (NYSE:MCS) reported second quarter 2012 earnings of 10 cents per share, way ahead of the Zacks Consensus Estimate of a loss of 2 cents. Reported earnings also surpassed the year-earlier quarter earnings of 7 cents per share.
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| Sprint Nextel Sues Cable TV Giants Posted: 20 Dec 2011 09:01 AM PST Sprint Nextel Corporation(NYSE:S) recently alleged major players in the cable TV market including Time Warner Cable Inc. (NYSE:TWC), Comcast Corp. (NASDAQ:CMCSA), Cable One Inc. and Cox Communications Inc. of infringing 12 patent rights regarding phone calls made over the internet, known as voice over internet protocol or VoIP.
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| LabCorp Divests Orchid DNA Paternity Posted: 20 Dec 2011 09:01 AM PST Following the recent completion of the much-awaited acquisition of Orchid Cellmark by Laboratory Corporation of America Holdings (NYSE:LH), DNA Diagnostics Center ("DDC"), a privately held provider of DNA paternity testing, announced that it has acquired the government paternity business of Orchid Cellmark. However, financial terms of the deal have not been disclosed.
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| Posted: 20 Dec 2011 09:01 AM PST Red Hat Inc. (NYSE:RHT) reported third quarter 2012 earnings of 20 cents per share, which beat the Zacks Consensus Estimate by a penny. Earnings per share (EPS) (including stock-based compensation expenses but excluding amortization) increased 37.4% from 15 cents reported in the year-earlier quarter. Strong bottom-line growth was primarily driven by higher revenues and gross margin.
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| Posted: 20 Dec 2011 09:01 AM PST Raytheon Company (NYSE:RTN) has been awarded a $254 million contract modification for the completion of software development for the DDG 1000-class destroyer program.
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| Prologis Invests In Mexican Venture Posted: 20 Dec 2011 09:01 AM PST Prologis, Inc. (PLD) recently announced that it has made a contribution of $293 million industrial portfolio to its Mexican co-investment venture, Prologis Mexico Fondo Logistico.
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| Posted: 20 Dec 2011 09:01 AM PST Illinois Tool Works Inc.(NYSE:ITW) reported a 10% year-over-year increase in its operating revenues for the three months ended November 30, 2011. The increase records a 4% growth, which can be ascribed to a hike in base revenue and 6% to acquisitions. Currency translation impact was negligible on revenue. End markets were strong with a solid demand for the company's products.
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| Posted: 20 Dec 2011 09:01 AM PST Canadian pharmaceuticals company Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently went hostile with its bid to acquire California-based pharmaceutical company ISTA Pharmaceuticals Inc. (NASDAQ:ISTA). Valeant Pharma's offer price stands at $6.50 per share with the entire deal being valued at $327 million which includes an approximately $13 million assumption of ISTA's debt.
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| CMS Reaffirms LifeVest Coverage Posted: 20 Dec 2011 09:01 AM PST Good news for resuscitation devices maker ZOLL Medical (NASDAQ:ZOLL) as the Centers for Medicare and Medicaid Services ("CMS") has reaffirmed the existing coverage policy for the company's flagship LifeVest wearable defibrillator for all indications.
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| Hungary Central Bank Raises Rate 50bps To 7.00% Posted: 20 Dec 2011 08:52 AM PST The Magyar Nemzeti Bank hiked its central bank base rate by another 50 basis points to 7.00% from 6.50% to help boost the forint. The Bank said: “The Monetary Council decided to raise the base rate by 50 basis points in view of increased perceptions of the risks associated with the economy and upside risks to inflation. If risk perceptions and the outlook for inflation deteriorate significantly further, it may prove necessary to raise interest rates again.” The Magyar Nemzeti … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Dow Tops 12K On Housing Data, EU Debt Auction Posted: 20 Dec 2011 08:05 AM PST 12/20/11 The major equity averages rallied over 2% on economic data that topped expectations and as concerns about EU debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Dec 2011 03:00 AM PST 12/20/11 After strong German confidence data and a successful Spanish debt auction, investors are now seeking out the higher-yielding euro in favor of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Off 27-month Low But Downside Risks Remain Posted: 20 Dec 2011 07:54 AM PST Forexpros – Natural gas prices edged higher on Tuesday, easing off a 27-month low as extended U.S. weather forecasts showed cold winter weather was expected to arrive in mid-January, however lingering concerns over elevated U.S. inventory levels kept gains in check. On the New York Mercantile Exchange, natural gas futures for January delivery traded at USD3.109 per million British thermal units during U.S. morning trade, gaining 0.42%. It earlier rose by as much as 0.7% to trade at a daily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Tumbles In Thin Trade But Sentiment Remains Fragile Posted: 20 Dec 2011 07:50 AM PST Forexpros – The U.S. dollar tumbled against its major counterparts in thin trade on Tuesday, as worries over the euro zone's debt crisis eased while risk appetite was also boosted by better-than-expected U.S. housing data. During U.S. morning trade, the dollar was down sharply against the euro, with EUR/USD surging 0.89% to hit 1.3115. Demand for riskier assets was boosted after the U.S. Census Bureau said in a report that U.S. building permits rose to the highest level since March 2010 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Rallies To 7-day High After U.S. Data Posted: 20 Dec 2011 07:38 AM PST Forexpros – The pound extended gains against the U.S. dollar on Tuesday, rising to a seven-day high as upbeat U.S. housing data and hopes of progress in tackling the debt crisis in the euro boosted demand for riskier assets. GBP/USD hit 1.5694 during U.S. morning trade, the pair's highest since December 9; the pair subsequently consolidated at 1.5687, surging 1.21%. Cable was likely to find support at 1.5433, the low of December 15 and resistance at 1.5779, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Why The Performance Differential Between Treasury Bonds & The S&P 500 Matters Posted: 20 Dec 2011 07:36 AM PST The wild and manic year of 2011 is finally starting to wind down as 2012 rapidly approaches. Market participants are waiting to see if Santa shows up with a present or a lump of coal for Wall Street this year. Performance anxiety is becoming apparent as professional money managers are running out of time to meet their stated benchmark performance.
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| Forex – EUR/USD Adds To Gains After Strong U.S. Housing Data Posted: 20 Dec 2011 07:17 AM PST Forexpros – The euro added to gains against the U.S. dollar in thin trade on Tuesday, rallying to a one-week high as a steep decline in Spanish borrowing costs and stronger-than-expected U.S. housing data boosted demand for riskier assets. EUR/USD hit 1.3132 during U.S. morning trade, the pair's highest since December 13; the pair subsequently consolidated at 1.3121, jumping 0.92%. The pair was likely to find support at 1.2992, the days low and resistance at 1.3144, the high of January … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Firm Above USD1,600 As USD Extends Drop Posted: 20 Dec 2011 07:13 AM PST Forexpros – Gold futures firmed above the psychologically-important USD1,600-an-ounce level on Tuesday, as the U.S. dollar tumbled against most of its major counterparts after stronger-than-expected U.S. housing data and amid easing concerns over the euro zone's debt crisis. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,615.05 a troy ounce during U.S. morning trade, jumping 1.15%. It earlier rose by as much as 1.35% to trade … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Rally On Upbeat Housing Data; Dow Jones Up 1.97% Posted: 20 Dec 2011 07:10 AM PST Forexpros – U.S. stocks rallied on Tuesday, as market sentiment found support after better-than-expected U.S. housing data and concerns over the debt crisis in the euro zone eased. During early U.S. trade, the Dow Jones Industrial Average surged 1.97%, the S&P 500 index jumped 2.11%, while the Nasdaq Composite index climbed 2.10%. Sentiment was boosted after the U.S. Census Bureau said in a report that building permits rose to the highest level since March 2010 last month, while housing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 20 Dec 2011 02:00 AM PST 12/20/11 Front month crude prices were in rally mode this morning following a rise in the euro against the dollar, an impressive Spanish debt auction, and strong global economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Tumbles To 1-week Low In Risk-on Trade Posted: 20 Dec 2011 06:52 AM PST Forexpros – The U.S. dollar tumbled to a one-week low against its Canadian counterpart on Tuesday, as risk appetite recovered after stronger-than-expected U.S. housing data and amid easing concerns over the euro zone debt crisis. USD/CAD hit 1.0266 during early U.S. trade, the pair's lowest since December 13; the pair subsequently consolidated at 1.0273, falling 1.09%. The pair was likely to find support at 1.0231, the low of December 13 and resistance at 1.0388, the days high. Demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Aussie And Kiwi Skyrocket, Dollar Dump Ensues Posted: 20 Dec 2011 06:45 AM PST Fundamental Headlines
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| Crude Oil Rallies Above USD97 After Upbeat U.S. Housing Data Posted: 20 Dec 2011 06:37 AM PST Forexpros – Crude oil futures extended sharp gains on Tuesday, rallying above USD97-a-barrel following the release of upbeat U.S. housing data, while a combination of easing concerns over the euro zone's debt crisis and fears over a disruption to global oil supplies provided further support. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD96.92 a barrel during early U.S. morning trade, soaring 3.05%. It earlier rose by as much as 3.25% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Fastest Growing Jobs 2007-11 Are Energy-Related Posted: 20 Dec 2011 06:22 AM PST The EMSI group (Economic Modeling Specialists, Inc.) has analyzed job growth for 800 occupations during the 2007-2011 downturn, with some interesting results: For job growth over the last four years, six of the top eight occupations and nine of the top 15 fastest-growing occupations are related to the boom in domestic oil and natural gas extraction in places like North Dakota and Pennsylvania. Here are some details on the energy-related jobs: 1. Extraction workers for oil and natural gas: #2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Stocks See Thick Gains On Thin Trade Posted: 20 Dec 2011 01:15 AM PST 12/20/11 NYFP’s Opening Bell Report: European and US equities were seeing strong gains this morning following improved European economic data and a successful Spanish debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Hits 1-week High As Risk Appetite Recovers Posted: 20 Dec 2011 05:57 AM PST Forexpros – The euro advanced to a one-week high against the yen on Tuesday, as demand for riskier assets was boosted after better-than-expected U.S. housing data and concerns over the debt crisis in the euro zone eased. EUR/JPY hit 102.08 during European afternoon trade, the pair's highest since December 13; the pair subsequently consolidated at 102.11, gaining 0.65%. The pair was likely to find support at 101.03, the low of December 15 and resistance at 102.71, the high of October … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Top Ten Things You CAN And CAN’T Have For Xmas Posted: 20 Dec 2011 05:36 AM PST From Gizmag: 1. The Top Ten Things you CAN have for Christmas. 2. The Top Ten Things you CAN’T have for Christmas (because they’re too expensive). HT: Don … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Freehand Offers Investors A Steady View Of Surgery Innovation Posted: 20 Dec 2011 04:04 AM PST When Jeremy Russell took the helm as chief executive of private medical equipment company Freehand in September 2011, his remit was to take a proven surgical innovation for keyhole surgery and introduce a sustainable new sales model. With partnerships in the pipeline and the prospect of much wider market opportunities, the company is now preparing for a possible listing on the Alternative Investment Market in 2012 and has already started raising pre-IPO funding from private investors. If you … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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