DailyMarkets.com - CNOOC Begins Gas Hunt In China |
- CNOOC Begins Gas Hunt In China
- AT&T Riding High On LTE Devices
- MGM Prices Senior Notes
- Forex Trading: EURUSD Reaches Key Resistance Levels
- Paychex Takes Over Icon Time
- Personal Bankruptcy Filings Decline 11.6% In 2011
- Jobs & Retail Surprisingly Weak
- Is This What President Obama’s ‘Change’ Looks Like?
- Momentum Stock: Men's Wearhouse
- Vivus’ Obesity Drug Label Modified
- Forex – USD/CAD Trims Losses Amid Euro Zone Optimism
- Racism Charges Cost Pepsi $3.13mn
- Forex Trading: EURUSD Has Moved Lower On Weaker Comments From German Official, Weak Data And Draghi Comments
- Forex Trading: EURUSD Marches Back Higher. Equals Yesterday’s High.
- Par Pharma Forecasts Robust Growth
- Stock Market News Briefs: Apple, Franklin Resources, Eastman Kodak Company, Elbit Imaging Ltd., Regions Financing Tr I, Raymond James Financial, SuperValu
- Forex – EUR/JPY Hits Fresh Session High On Draghi Comments
- Mechel Completes Laying Tracks
- A Most Incredible End To A College Football Game
- Forex – GBP/USD Trims Gains After U.S. Data
- Kodak Future In Troubled Waters
- U.S. Retail Sales Rise Less-than-expected In December
- Markets In Everything: Smart Contact Lenses
- U.S. Initial Jobless Claims Rise To 6-week High Last Week
- Dow-Fraunhofer Sign Research Deal
- Oh-oh – Two Horses Just Got Out Of The Barn (SI + PL)
- Orange Juice Futures Tumble For 2nd Day As FDA Test Results Awaited
- One More Sheraton For Brazil
- Forex – Dollar Lower Vs. Rivals As Risk Sentiment Recovers
- European Central Bank Leaves Interest Rate At Record-low 1%
- European Stocks Turn Higher After Debt Auctions; DAX Jumps 1.45%
- Forex – GBP/USD Up After Bank Of England Holds Rate Steady
- Bank Of England Holds Key Interest Rate At 0.50%
- Forex – EUR/USD Ticks Higher After Spanish, Italian Debt Auctions
- U.S. Grain Futures Advance Ahead USDA Supply Report
- Why Warren Buffett May Be The Most Dangerous Man In Finance
| CNOOC Begins Gas Hunt In China Posted: 12 Jan 2012 07:50 AM PST China's largest offshore energy producer CNOOC Ltd. (NYSE:CEO) has commenced its first domestic unconventional natural gas exploration venture following the footsteps of its rival China Petroleum & Chemical Corp. (NYSE:SNP).
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| AT&T Riding High On LTE Devices Posted: 12 Jan 2012 07:35 AM PST The second-largest U.S. mobile service provider AT&T Inc. (NYSE:T) plans to roll out seven new smartphones and a tablet based on the 4G LTE network early in the year. These devices will offer mobile broadband speeds up to 10 times faster than 3G.
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| Posted: 12 Jan 2012 07:20 AM PST MGM Resorts International (NYSE:MGM) recently announced the pricing of an $850 million offering of 8.625% senior unsecured notes. The notes will mature in 2019 and the company expects to close the transaction on January 17, 2012.
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| Forex Trading: EURUSD Reaches Key Resistance Levels Posted: 12 Jan 2012 07:18 AM PST The EURUSD has moved up to test the 38.2% of the move down from the January high and the 200 hour MA at the 1.2922 and 1.2936 level respectively. These levels represent levels for traders who are long to take some profit. They also are level for traders to perhaps test the water from the short … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Jan 2012 07:06 AM PST New York-based outsourcing service provider Paychex Inc. (NASDAQ:PAYX) recently announced the takeover of online and PC-based time and attendance solutions provider, Icon Time Systems Inc. Financial details of the transaction were not divulged. Post the acquisition, Icon Time will operate as a wholly-owned subsidiary of Paychex and all its employees will be retained.
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| Personal Bankruptcy Filings Decline 11.6% In 2011 Posted: 12 Jan 2012 07:05 AM PST “Fitch Ratings says personal bankruptcy filings declined for the first time in four years in 2011, as economic conditions improved marginally during most of the year and consumers reigned in borrowing and paid down existing debt. According to National Bankruptcy Research Center figures, U.S. personal bankruptcy filings declined 11.6% from 2010. The results bettered Fitch’s more moderate 5% decline forecast for the year. Actual filings fell 176,892 from 1,530,078 in 2010 to 1,353,186 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Jobs & Retail Surprisingly Weak Posted: 12 Jan 2012 06:55 AM PST The surprisingly weak reports this morning on the U.S. labor market and consumer spending run counter to the recent run of favorable economic data. It is difficult to tell whether this morning's disappointing readings reflect one-off seasonal distortions or the start of a trend reversal. The latter seems unlikely given the absence of any corroborating evidence in other reports. If anything, all other readings of the U.S. economy are pointing towards continued positive momentum.
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| Is This What President Obama’s ‘Change’ Looks Like? Posted: 12 Jan 2012 06:50 AM PST While driving my truck this morning and listening to Bloomberg Radio I almost gagged on my coffee and pictured my vehicle lurching into a ditch.
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| Momentum Stock: Men's Wearhouse Posted: 12 Jan 2012 06:50 AM PST Men's Warehouse (NYSE:MW)
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| Vivus’ Obesity Drug Label Modified Posted: 12 Jan 2012 06:50 AM PST Vivus Inc. (NASDAQ:VVUS) recently announced that women of childbearing potential can now use its obesity candidate Qnexa. The US Food and Drug Administration (FDA) has asked the company to remove the contraindication from the drug's label, which so far indicated that the drug cannot be used for the treatment of women of childbearing potential. However, the contraindication for pregnant women remains.
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| Forex – USD/CAD Trims Losses Amid Euro Zone Optimism Posted: 12 Jan 2012 06:42 AM PST Forexpros – The U.S. dollar trimmed losses against its Canadian counterpart on Thursday, as positive comments by European Central Bank President Mario Draghi overshadowed downbeat U.S. data. USD/CAD hit 1.0140 during early U.S. trade, the daily low; the pair subsequently consolidated at 1.0175, shedding 0.19%. The pair was likely to find support at 1.0125, the low of December 28 and resistance at 1.0209, the high of January 2. Speaking at the central bank's post-policy meeting press … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Racism Charges Cost Pepsi $3.13mn Posted: 12 Jan 2012 06:35 AM PST PepsiCo Inc. (NYSE:PEP) will now have to shell out $3.13 million as a price for alleged racial discrimination. Pepsi Beverages Company – the manufacturing, sales and distribution operating unit of Pepsi in United States, Canada and Mexico – allegedly carried irrelevant criminal background checks on several African American applicants, and thereafter denied them jobs in the organization.
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| Posted: 12 Jan 2012 06:22 AM PST The EURUSD has moved back lower in morning NY trade on comments from German official that Greece is a lost cause and additional capital should not be given, on weak US data (Initial Claims and Retail Sales) and cautious comments from ECB Draghi ("Substantial downside risks"). Nevertheless, the price remains up on the day. In the decline, the price fell below the 100 hour MA at the 1.3743 level and this level will be eyed by traders as a proxy for bullish or bearish today. Stay … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: EURUSD Marches Back Higher. Equals Yesterday’s High. Posted: 12 Jan 2012 06:22 AM PST The EURUSD has taken the comments from Draghi in stride. Although he sees considerable risk, he sees stabilization and lauded the effects of the LTRO program which added liquidity in the banks at precisely the right time. As evidence is the bond yields declines in Italy and Spain.
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| Par Pharma Forecasts Robust Growth Posted: 12 Jan 2012 06:20 AM PST Par Pharmaceuticals Inc. (NYSE:PRX) held its analyst day recently, where it highlighted its performance in 2011 and also provided a peek into expectations for 2012 and beyond.
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| Posted: 12 Jan 2012 06:20 AM PST Raymond James Financial Inc. (NYSE:RJF) announced that it will acquire Morgan Keegan & Co. Inc., the brokerage subsidiary of Regions Financial Corp. (NYSE:RF) for $930 million. Following this development, shares of Regions Financial advanced 2.13% Grocery store operator Supervalu Inc. (NYSE:SVU) reported a higher third quarter net loss due to continued high food prices and a turnaround plan costs. Share of the company fell 12.51% to finally settle at $7.34 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Hits Fresh Session High On Draghi Comments Posted: 12 Jan 2012 06:20 AM PST Forexpros – The euro advanced to a fresh daily high against the yen on Thursday, after European Central Bank President Mario Draghi said that there are "tentative" signs that the economy in the euro zone is stabilizing. EUR/JPY hit 98.24 during European afternoon trade, the session high; the pair subsequently consolidated at 98.13, gaining 0.49%. The pair was likely to find support at 97.26, Monday's low and an 11-year low and resistance at 98.84, the high of January 6. Speaking at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Mechel Completes Laying Tracks Posted: 12 Jan 2012 06:05 AM PST Russian company Mechel OAO's (NYSE:MTL) subsidiary Yakutugol Holding Company OAO has successfully completed the task of laying tracks from Ulak station to the Elga coal deposit, for a total expenditure of $1.25 billion.
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| A Most Incredible End To A College Football Game Posted: 12 Jan 2012 06:05 AM PST The video above shows a last-minute 15-lateral touchdown, and the announcer hyperventilates that “it might be the most incredible, sensational ending in all of Division 3 football.” HT: William … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Trims Gains After U.S. Data Posted: 12 Jan 2012 05:57 AM PST Forexpros – The pound trimmed gains against the U.S. dollar on Thursday, pulling back from a daily high as downbeat U.S. employment and retail sales data weighed on demand for riskier assets. GBP/USD pulled back from 1.5368, the daily high to hit 1.5329 during European afternoon trade, still up 0.01%. Cable was likely to find support at 1.5278, the day's low and a three-month low and resistance at 1.5469, the high of January 9. Data showed earlier that the number of people who filed for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Kodak Future In Troubled Waters Posted: 12 Jan 2012 05:50 AM PST Eastman Kodak (NYSE:EK), a multinational imaging and photographic equipment, materials and services company, struggles to survive as one of the costliest problems hails from overseas. The company's promise of pensions and other benefits to thousands of retirees, especially in the UK, are in troubled waters today. In this backdrop, a bankruptcy scenario cannot be totally evaded.
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| U.S. Retail Sales Rise Less-than-expected In December Posted: 12 Jan 2012 05:48 AM PST Forexpros – Retail sales in the U.S. rose less-than-expected in December, climbing at the weakest pace in seven months, while core retail sales declined unexpectedly, official data showed on Thursday. In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.1% in December, falling short of expectations for a 0.3% increase. November's figure was revised up to a 0.4% gain from a previously reported 0.2% increase. Year-over-year, retail sales rose at an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Markets In Everything: Smart Contact Lenses Posted: 12 Jan 2012 05:43 AM PST PITTSBURGH (CBS) — “Forty-million Americans wear contact lenses. In the not so distant future, contacts may do a lot more than just help you see. What if the lenses could look inside of you to diagnose, monitor and even treat disease? Sound far-fetched? Well, it may not be too far away. The new generation of contact lenses is being called "smart lenses," and they are packed with circuits, sensors and wireless technology – all designed to keep an eye on your health."There's a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Initial Jobless Claims Rise To 6-week High Last Week Posted: 12 Jan 2012 05:40 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week rose unexpectedly, hitting the highest level since late November, official data showed on Thursday. In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending January 7 rose by 24,000 to a seasonally adjusted 399,000 from 375,000 on the preceding week, whose figure was revised up from 372,000. Analysts had expected U.S. jobless to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Dow-Fraunhofer Sign Research Deal Posted: 12 Jan 2012 05:35 AM PST The Dow Chemical Company (NYSE:DOW)'s wholly-owned subsidiary Dow AgroSciences entered into a research agreement with a major European research firm Fraunhofer Institute for Molecular Ecology (IME), headquartered in Munich, Germany.
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| Oh-oh – Two Horses Just Got Out Of The Barn (SI + PL) Posted: 12 Jan 2012 05:33 AM PST OK – this is getting interesting. Silver (NYSE:SI) and Platinum (NYSE:PL) have opened the barn door and started to run to freedom. The farmer will, without a doubt, start to give chase – with rope in hand – but I think it’s too late. It’s just a matter of time now until Gold (GC) and Palladium (PA) hear all the commotion and decide to add to the excitement with their own burst to the great outdoors. What follows are three charts of Silver Futures (NYSE:SI). A daily, 4 hour and 1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Orange Juice Futures Tumble For 2nd Day As FDA Test Results Awaited Posted: 12 Jan 2012 05:22 AM PST Forexpros – Orange juice futures were down heavily on Thursday, adding to the previous day's 9.5% plunge as investors awaited further details regarding a government testing for a fungicide that has been found in low levels in orange juice. On the ICE Futures Exchange, orange juice for March delivery traded at USD1.8105 a pound during European afternoon trade, tumbling 3.68%. It earlier fell by as much as 3.84% to trade at a session low of USD1.8075 a pound. Prices rallied to a record … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 12 Jan 2012 05:20 AM PST Recently, Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) signed an agreement to open Sheraton Reserva do Paiva Hotel and Convention Centern in Pernambuco state, located in the northeast region of Brazil. Scheduled to open in March 2014, it is Reserva do Paiva's first five star hotel, which will feature 289 guest rooms including 21 junior suites and 7 deluxe suites along with other amenities.
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| Forex – Dollar Lower Vs. Rivals As Risk Sentiment Recovers Posted: 12 Jan 2012 05:02 AM PST Forexpros – The U.S. dollar was lower against its major counterparts on Thursday, as well-received Spanish and Italian bond auctions eased concerns over sovereign funding in the single currency bloc. During European afternoon trade, the dollar was lower against the euro, with EUR/USD gaining 0.37% to hit 1.2754. Spain sold twice the maximum targeted amount of EUR5 billion at auction, selling EUR9.98 billion in bonds maturing in 2015 and 2016, including a new benchmark bond. The yield on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Central Bank Leaves Interest Rate At Record-low 1% Posted: 12 Jan 2012 04:47 AM PST Forexpros – The European Central Bank left its benchmark interest rate unchanged in January, after cutting rates in the two previous meetings, it announced on Thursday. The ECB said it was maintaining the benchmark interest rate at a record-low 1.0% for the second consecutive month, in line with market expectations. The central bank cut rates to 1.0% from 1.25% in its previous meeting in December. ECB president Mario Draghi, who chaired his third interest rate meeting as ECB chief, was to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| European Stocks Turn Higher After Debt Auctions; DAX Jumps 1.45% Posted: 12 Jan 2012 04:31 AM PST Forexpros – European stock markets turned sharply higher on Thursday, as market sentiment found support after successful debt auctions in Italy and Spain, while investors eyed the European Central Bank's upcoming policy meeting. During European afternoon trade, the EURO STOXX 50 surged 1.67%, France's CAC 40 jumped 1.27%, while Germany's DAX 30 soared 1.45%. Spain sold twice the maximum targeted amount of EUR5 billion at auction, selling EUR9.98 billion in bonds maturing in 2015 and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Up After Bank Of England Holds Rate Steady Posted: 12 Jan 2012 04:22 AM PST Forexpros – The pound added to against the U.S. dollar on Thursday, after the Bank of England held the benchmark interest rate steady at 0.5% and announced no change to its monetary stimulus program. GBP/USD hit 1.5364 during European early afternoon trade, the session high; the pair subsequently consolidated at 1.5361, gaining 0.20%. Cable was likely to find support at 1.5278, the session low and a three-month low and resistance at 1.5490, Wednesday's high. The BoE's nine-member … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Bank Of England Holds Key Interest Rate At 0.50% Posted: 12 Jan 2012 04:01 AM PST Forexpros – The Bank of England kept its benchmark interest rate unchanged for the 34th consecutive month in January, it announced on Thursday. The BoE's nine-member Monetary Policy Committee said it was maintaining the benchmark interest rate at a record-low 0.50%, where it's stood since March 2009, in a widely expected move. The bank also kept the stock of asset purchases financed by the issuance of central bank reserves at GBP275 billion. The minutes of the meeting of the central … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Ticks Higher After Spanish, Italian Debt Auctions Posted: 12 Jan 2012 03:49 AM PST Forexpros – The euro ticked higher against the U.S. dollar on Thursday, after successful auctions of Spanish and Italian government debt, while investors looked ahead to the outcome of the European Central Bank's policy meeting later in the day. EUR/USD hit 1.2768 during European late morning trade, the daily high; the pair subsequently consolidated at 1.2746, gaining 0.31%. The pair was likely to find support at 1.2660, Wednesday's low and a 16-month trough and short-term resistance at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Grain Futures Advance Ahead USDA Supply Report Posted: 12 Jan 2012 03:13 AM PST Forexpros – U.S. grain futures were higher on Thursday, as a broadly weaker U.S. dollar supported prices ahead of the release of a key monthly U.S. government report on U.S. and global grain supplies. Agricultural commodities received a lift as risk sentiment improved after closely watched auctions of Spanish and Italian government debt met with solid investor demand and lower yields, easing fears over the fiscal health of the region's third and fourth largest economies. The U.S. dollar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Why Warren Buffett May Be The Most Dangerous Man In Finance Posted: 12 Jan 2012 12:57 AM PST Warren Buffett is a smart guy and has ascended to a near immortal pantheon amongst the investment community due to his superior stock picking skills and boundless wealth. But listening to his views on portfolio management and diversification could cripple your financial health and may make him one of the most dangerous men in finance.
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