Wednesday, December 21, 2011

DailyMarkets.com - Zimmer Rewards Its Share Holders

DailyMarkets.com - Zimmer Rewards Its Share Holders

Zimmer Rewards Its Share Holders

Posted: 21 Dec 2011 12:05 PM PST

Zimmer Holdings (NYSE:ZMH), a leading player in the musculoskeletal space, has decided to initiate a quarterly dividend from the first quarter of 2012. The first ever dividend will be 18 cents per share. The company also announced a new $1.5 billion share buyback program through December 2014. The company further ratified that no additional purchases will be made under the earlier program with expiry scheduled in December 2013.
Earlier, Zimmer had announced its intention of returning 1/2 of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AES To Develop Turkish Project

Posted: 21 Dec 2011 11:50 AM PST

The AES Corporation (NYSE:AES) announced that its joint venture with Koc Holding in Turkey, AES Entek, has entered into an agreement to develop Ayas, a 625 MW greenfield coal project in South East Turkey. The Ayas project is an equally owned joint venture between AES Entek and Oyak, Turkey’s largest pension fund.
AES expects to complete the project by the second half of 2016 with construction set to begin in late 2012. AES currently operates three gas plants in Turkey with a total capacity of 302 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accuray Expands Reach

Posted: 21 Dec 2011 11:40 AM PST

Leading radiosurgery systems maker Accuray Incorporated (NASDAQ:ARAY) reported that 23 leading medical centers globally have deployed its coveted CyberKnife radiosurgery system and the TomoTherapy radiation therapy system, allowing personalized therapy to a broad spectrum of cancer patients.
The innovative therapy systems have been adopted by centers of all sizes across the globe including small community sites in rural regions, mid-sized regional hospitals and large academic centers. More than half … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Comerica Placed On Review

Posted: 21 Dec 2011 11:20 AM PST

Comerica Inc. (NYSE:CMA) has been placed on review for a possible downgrade by Moody's Investors Service, a division of Moody's Corporation (NYSE:MCO) on concerns about the company's capability to return to its typical profit level.
Comerica’s senior debt is currently rated at A2 by the rating agency. According to the agency, in a stressed operating environment and particularly due to the continuous low interest rate atmosphere, it would be difficult for Comerica to bounce back to its prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magellan In JV With Copano

Posted: 21 Dec 2011 11:05 AM PST

Pipeline operator Magellan Midstream Partners L.P. (NYSE:MMP) has co-partnered with natural gas service provider Copano Energy L.L.C. (NASDAQ:CPNO) to form a 50:50 joint venture, named Double Eagle Pipeline LLC. Copano will act as the operator of the venture.
The joint venture will set up a 140 miles long pipeline, connecting the existing 50-mile pipeline segment owned by Copano. The network will extend to Live Oak, McMullen and LaSalle Counties of Texas. Double Eagle will also build a new truck … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PSB Augments Northern CA Portfolio

Posted: 21 Dec 2011 10:50 AM PST

PS Business Parks, Inc. (NYSE:PSB), a real estate investment trust (REIT) that owns and operates commercial real estate properties across the U.S., has recently augmented its Northern California portfolio with the acquisition of 18 multi-tenant business parks comprised of 2.9 million square feet of industrial space and 2.4 million square feet of flex space. The properties were purchased from RREEF America REIT II Corp. and its affiliate Northern California Industrial Portfolio Inc., for $520 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Falls Despite Loan Package

Posted: 21 Dec 2011 10:45 AM PST

Forexpros – The euro fell against the U.S. dollar despite the European Central Bank’s loan package, as analysts believe its simply not enough to solve the debt crisis.

EUR/USD hit a low of 1.3026 during early U.S. trade. It is currently trading at 1.3077 off by 0.05%.

The pair was likely to find support at 1.3047 and technical resistance exists at 1.3091.

The single currency climbed to a weekly high earlier prior to turning negative even as the ECB upped the loan package to EUR489 billion … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MarkWest Closes Unit Offering

Posted: 21 Dec 2011 10:40 AM PST

Pipeline operator MarkWest Energy Partners L.P. (MWE) announced the closure of its previously announced public offering. The partnership priced the public offering of 10,000,000 common units at $54.25 apiece, with an over-allotment option for an additional 1,500,000 units.
The gathering and processing master limited partnership ("MLP") plans to use the proceeds – approximately $521.1 million after the underwriting discount and estimated offering expenses – to finance the proposed buy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Wireless Is Dataless?

Posted: 21 Dec 2011 05:30 AM PST

12/21/11 Various internet forums and social media outlets have reported that Verizon Wireless customers nationwide have woken up to spotty data connections and netwrok outages Wednesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Uncertainty…don’t Anticipate Big Push Into Year-end”

Posted: 21 Dec 2011 10:30 AM PST

12/21/11 Mogavero, Lee & Co.’s Doreen Mogavero discusses today’s pullback in US equities and the latest headlines and economic data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cameron OKs $500M In Buybacks

Posted: 21 Dec 2011 10:20 AM PST

In a filing with the U.S. Securities and Exchange Commission, oil drilling equipment maker Cameron International Corp. (CAM) announced plans to buy back up to $500 million of its common stock.
Cameron, which recently agreed to pay $250 million to British energy giant BP plc (BP) as a settlement for its role in last year's Deepwater Horizon rig disaster, has bolstered its long-term earnings and cash flow visibility on the back of the company's strong backlog, which now stands at nearly $6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Makes It To Yesterday’s Close And Falls Back Off

Posted: 21 Dec 2011 10:18 AM PST

European Shares Fall On ECB Loan Disappointment; DAX Down 0.95%

Posted: 21 Dec 2011 09:42 AM PST

Forexpros – Tuesday’s optimism was short lived as European stocks fell across the board Wednesday, despite the European Central Bank upping its loan package to struggling banks.

After the close of European trade, the EURO STOXX 50 dropped by 0.80%, France’s CAC 40 fell 0.82%, while Germany’s DAX 30 gave back 0.95%. Meanwhile, in the U.K. the FTSE 100 fell 0.55%.

Mohammed El-Erian, CEO of PIMCO, the world’s largest bond fund sent shivers of fear into the financial markets when he stated that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Reverses Early Gains

Posted: 21 Dec 2011 08:00 AM PST

12/21/11 Early gains by the euro have been reversed after the ECB’s move to grant loans to needy banks failed to convince investors that the debt crisis would be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Steady As Euro See-saws

Posted: 21 Dec 2011 02:15 AM PST

12/21/11 With the euro giving up early gains following the ECB loan action for banks, crude prices have remained within a tight range this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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