Monday, December 19, 2011

DailyMarkets.com - Why You Should Get An American Express Gift Card

DailyMarkets.com - Why You Should Get An American Express Gift Card

Why You Should Get An American Express Gift Card

Posted: 19 Dec 2011 06:56 AM PST

If you're a little behind in your holiday shopping and still don't have a clue of what to get for that special someone, your colleague, friend, parent or sibling, you've come to the right place. Based on my personal experience, I have found that a gift card is one of the best presents you can get for someone you still haven't found a gift for.

Getting a gift card for someone as a gift is one of the best things you can give them, especially if you don't know what things they like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cafe Hayek Blog Closes Comments Section

Posted: 19 Dec 2011 06:15 AM PST

In October 2007, Greg Mankiw closed the comments section on his blog with this message “Why Comments Are Gone.”  

Now Don Boudreaux and Ross Roberts have just announced that they are indefinitely closing the comments section of Cafe Hayek, with this message “Comments to be Closed.”   

In both cases, the economics bloggers expressed frustration with the lack of civility among some commenters, and the “e-food fights.” I’ve also experienced … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What To Expect For Holiday Week

Posted: 19 Dec 2011 06:10 AM PST

Given the general dearth of domestic economic news today, the market will likely get a lift from the temporary payroll tax cut extension deal over the weekend. Bond yields on European government bonds, particularly in Italy, are also relatively stable today, belying the Friday threats from the credit rating agencies. Markets will also be sizing up the potential instability on the Korean Peninsula following the death of North Korean leader Kim Jong Il.
This week brings up a flurry of economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Adobe Systems Incorporated, Cablevision Systems, Darden Restaurants, ISTA Pharmaceuticals, RSC Holdings, United Rentals, Valeant Pharmaceuticals International

Posted: 19 Dec 2011 06:10 AM PST

    Zynga, Inc. (ZNGA) made its debut on the Nasdaq and dropped 5.0% to $9.50. The company's initial public offering was priced at $10.00 per share

    Shares of Adobe Systems Inc. (NASDAQ:ADBE) jumped 6.6% a day after reporting fully diluted pro forma earnings per share of $0.55, topping the Zacks Consensus Estimate of $0.50 per share

    United Rentals, Inc.'s (NYSE:URI) $1.9 billion acquisition bid for RSC Holdings, Inc. (NYSE:RRR) helped RSC's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Bear Tracks To Follow

Posted: 19 Dec 2011 06:08 AM PST

With a couple weeks left to go for the year, many stock market analysts are still hoping for a Santa Claus rally.  They were emboldened by the huge October rally in the stock market, and then a big bounce out of the worst Thanksgiving week since the Great Depression.  But after selling off again last week, the S&P 500 has still failed to trade above the 30-week moving average for an entire week since July!  If you look at the chart below you can see that for the last 9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Oracle Corp.

Posted: 19 Dec 2011 06:03 AM PST

Oracle Corp. (NASDAQ:ORCL) is set to release its second quarter 2012 results on Dec 20, 2011, after the closing bell. In the run up to the earnings results, no substantial movement in analysts' estimates for the quarter was noticed.
Prior Quarter Recap
Oracle reported modest first quarter 2012 results, with earnings of 46 cents per share beating the Zacks Consensus Estimate by two cents. Total revenue in the reported quarter increased 10.7% year over year to $8.40 billion. Total revenue was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Edges Higher As EU Ministers Begin Talks

Posted: 19 Dec 2011 05:55 AM PST

Forexpros – The euro was hovering close to a two-month low against the yen on Monday, as investors turned to a teleconference call of European finance ministers amid fears of credit downgrades in the single currency bloc.

EUR/JPY hit 101.63 during European afternoon trade, the daily high; the pair subsequently consolidated at 101.52, edging up 0.08%.

The pair was likely to find support at 100.74, the low of October 4 and short term resistance at 101.78, the high of December 16.

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

U.S Steel To Reduce Working Hours

Posted: 19 Dec 2011 05:50 AM PST

United States Steel Corporation's (NYSE:X) Slovak unit will reduce working hours from January due to the tougher economic environment in Europe.
As per the new arrangement, workers will have to stay at home every Friday, and will receive 60% of their salary. U.S. Steel's plant in Kosice, eastern Slovakia, has about 13,000 employees and its output accounts for 0.5% of the east European country's gross domestic product.
Other carmakers in Slovakia also use a similar flexible system of leaving … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Wholesale Sales Rise More-than-expected

Posted: 19 Dec 2011 05:37 AM PST

Forexpros – Canadian wholesale sales rose more-than-expected in October, official data showed on Monday.

In a report, Statistics Canada said wholesale sales rose by 0.9% in October, beating expectations for a 0.6% gain.

September's figure was revised up to a 0.5% gain from a previously reported 0.3% increase.

Year-on-year, Canadian wholesale sales rose at an annualized rate of 8.3% in October, after climbing 7.7% in September.

Canadian wholesale sales totaled CAD49.2 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Contracts In JEC List

Posted: 19 Dec 2011 05:35 AM PST

Jacobs Engineering Group Inc. (NYSE:JEC) has recently been awarded a contract from a premier real estate development, management and investment company in the United Arab Emirates, named Aldar. The contract entails JEC to provide project management support services for the construction of a new retail mall at Yas Island in Abu Dhabi.
The development of 2.53 million square feet (235,000 square meters) “Yas Mall Project,” is a key landmark for the expansion of the leisure and entertainment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Rebounds From The News Of Kim’s Death

Posted: 19 Dec 2011 05:34 AM PST

Parker Hannifin With US Navy

Posted: 19 Dec 2011 05:20 AM PST

Parker Hannifin Corporation's (NYSE:PH) aerospace segment, Parker Aerospace, has entered into a public-private partnership (PPP) agreement with the U.S. Navy's Fleet Readiness Center-Southwest (FRC-SW) in San Diego.
Through this public-private partnership, the Parker Aerospace Customer Support Operations will be able to expand its offering of logistic services by facilitating the Navy to directly enter into workloads contract with Parker. Earlier, the contract was directed to the depot without … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Clings To Gains As EU Talks In Focus

Posted: 19 Dec 2011 05:17 AM PST

Forexpros – The U.S. dollar clung on to gains against its major counterparts on Monday, ahead of a teleconference of European finance ministers, after strengthening broadly earlier following news of North Korean leader Kim Jong il’s death.

During European afternoon trade, the dollar was slightly higher against the euro, with EUR/USD dipping 0.07% to hit 1.3032.

The euro remained under pressure as European Union finance ministers prepared to discuss plans to provide up to EUR200 billion in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coffee Futures Drop To 1-year Low On Ample Global Supplies

Posted: 19 Dec 2011 05:06 AM PST

Forexpros – Coffee futures were down for a fourth day on Monday, trading at the lowest level since December 2010 as inventories monitored by ICE Futures U.S. climbed for the seventh straight week, underlining concerns over ample global supplies.

On the ICE Futures Exchange, Arabica coffee for March delivery traded at USD2.1378 a pound during European afternoon trade, slumping 0.67%.

It earlier fell by as much as 1.25% to trade at USD2.1238 a pound, the lowest since December 10, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Recap Of Q3 & Looking Ahead To Q4

Posted: 19 Dec 2011 05:01 AM PST

Third quarter earnings season was a good one. Total net income growth was far higher than expected, although the median surprise and the ratio of positive surprises to disappointments is slightly below normal.

This week we will change our focus to the expectations for the fourth quarter. Only eight of the S&P 500 have reported so far, so the focus is on those yet to report. For those eight, total net income is up 17.4% year over year, down from 25.7% growth in the third quarter. Five … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AK Steel Issues 4Q Guidance

Posted: 19 Dec 2011 05:01 AM PST

AK Steel Holding Corporation (NYSE:AKS) finally issued its fourth-quarter 2011 guidance, having deferred it earlier because of the uncertain and volatile economic conditions .
The company expects non-cash, pre-tax corridor charge of approximately $250 million in the fourth quarter. The $250 million estimate was arrived utilizing the current estimated discount rate and asset return rate based on calculation. The final amount is subject to fluctuations in market performance and interest rate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Mixed Ahead Of EU Discussions; DAX Up 1.15%

Posted: 19 Dec 2011 04:46 AM PST

Forexpros – European stock markets were mixed to higher on Monday, as investors turned to a teleconference meeting of European Union finance ministers with hopes of new signs of progress in tackling the euro zone's debt crisis.

During European afternoon trade, the EURO STOXX 50 surged 1.35%, France's CAC 40 jumped 1.14%, while Germany's DAX 30 climbed 1.15%.

EU ministers were to discuss plans to provide up to EUR200 billion in loans to the International Monetary Fund, as well as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Lower As Markets Eye EU Talks

Posted: 19 Dec 2011 04:24 AM PST

Forexpros – The pound remained lower against the U.S. dollar on Monday, as markets were jittery ahead of a teleconference of European finance ministers amid ongoing concerns of mass downgrades in the single currency bloc.

GBP/USD hit 1.5466 during European afternoon trade, the pair's lowest since December 15; the pair subsequently consolidated at 1.5488, shedding 0.36%.

Cable was likely to find support at 1.5408, the low of December 14 and resistance at 1.5594, the high of November … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Remains Lower Ahead Of EU Discussions

Posted: 19 Dec 2011 03:51 AM PST

Forexpros – The euro remained lower against the U.S. dollar on Monday, as European Union finance ministers prepared to hold talks aimed at tackling the ongoing debt crisis in the euro zone.

EUR/USD hit 1.2983 during European late morning trade, the pair subsequently consolidated at 1.3009, shedding 0.25%.

The pair was likely to find support at 1.2945, the low of December 14 and an 11-month low and resistance at 1.3083, the high of December 16.

EU finance ministers were to discuss plans to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Futures Higher Despite North Korea Uncertainty; Dow Jones Up 0.42%

Posted: 19 Dec 2011 03:19 AM PST

Forexpros – U.S. stock futures pointed to a higher open on Monday, despite concerns of instability in Asia caused by the death of North-Korean leader Kim Jong il.

Ahead of the open, the Dow Jones Industrial Average futures pointed to a rise of 0.42%, S&P 500 futures signaled a 0.53% increase, while the Nasdaq 100 futures indicated a 0.68% gain.

Sentiment was hit as concerns over geopolitical instability in northeast Asia escalated earlier amid uncertainty over the future leadership of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybeans Climb To 2-week High On South America Crop Woes

Posted: 19 Dec 2011 03:06 AM PST

Forexpros – Soybean futures were up for a third day on Monday, trading at a two-week high as poor weather conditions in Argentina and Brazil fuelled concerns over crop conditions in the South American countries.

On the Chicago Mercantile Exchange, soybean futures for January delivery traded at USD11.4512 a bushel during European morning trade, rallying 1.3%.

It earlier rose by as much as 1.4% to trade at USD11.4538 a bushel, the highest since December 5.

Agricultural commodity traders … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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