Friday, January 6, 2012

DailyMarkets.com - Ferrellgas Adds One More

DailyMarkets.com - Ferrellgas Adds One More

Ferrellgas Adds One More

Posted: 06 Jan 2012 11:50 AM PST

Propane retailer Ferrellgas Partners L.P. (NYSE:FGP) continues to expand its operation via acquisition. The latest addition, the fifth one this fiscal, is the Edinburg, Texas based Rio Grande Valley Gas, Inc. This expands the partnership's reach in the propane markets.
This acquisition is expected to be immediately accretive to earnings and will expand Ferrellgas' customer base by 2,500 customers. Ferrellgas has strategically planned this acquisition, as it will expand its footprint in the Rio … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Boeing Misses 2011 Delivery Target

Posted: 06 Jan 2012 11:40 AM PST

The Boeing Company (NYSE:BA) announced deliveries across its commercial and defense operations for the fourth quarter and 2011. In the commercial space the airliner delivered 128 and 477 airplanes during the fourth quarter and 2011, respectively. However the numbers missed the target of 480 for fiscal 2011.
The 737 model continues to be a major pillar of Boeing's strength in the commercial airplane sector with deliveries of 91 airplanes, followed by its 777 model with 20 deliveries in the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LTC Properties Hikes Dividend

Posted: 06 Jan 2012 11:20 AM PST

LTC Properties Inc. (NYSE:LTC), a healthcare real estate investment trust (REIT), has recently increased its monthly dividend for first quarter 2012 by about 3.6% compared to the last dividend payout in the previous months of the earlier quarter. The common stock dividend of 14.5 cents per share per month is payable on the last working day of each of the respective month in the quarter.
A steady dividend payout facilitates the long-term strategy of LTC Properties to provide attractive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Remains In Uptrend But Losing Some Momentum

Posted: 06 Jan 2012 11:18 AM PST

XL Group Expands In Brazil

Posted: 06 Jan 2012 11:05 AM PST

XL Group plc (NYSE:XL) got a nod from Superintendencia de Seguros Privados, Brazilian insurance and reinsurance regulator to commence its insurance operations in the country.
Earlier, in September 2011, XL Group had received prior approval from the regulators. Yesterday, the company received the final approval.
XL Group will now offer Casualty, Property, Professional and Specialty insurance products through XL Seguros Brasil S.A., thereby launching its insurance operations there. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Milestone For BSD’s MicroThermX

Posted: 06 Jan 2012 10:50 AM PST

Cancer treatment systems maker BSD Medical (NASDAQ:BSDM) said that its MicroThermX Microwave Ablation system has successfully treated 100 patients at hospitals across the U.S. Physicians have used the innovative therapy system to treat patients with liver, kidney and lung cancers.
The Utah-based company also noted that these treatments have delivered revenues from the sale of disposable SynchroWave antennas (used with the MicroThermX system). These high-end antennas, used during ablation treatment, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DLR Completes Twin Acquisition

Posted: 06 Jan 2012 10:35 AM PST

Digital Realty Trust Inc. (NYSE:DLR), a niche real estate investment trust (REIT), has recently completed the acquisition of '360 Spear Street' – a data center facility spanning 155,000 square feet of space in San Francisco, California, from an unnamed seller for $85 million.
At the same time, the company completed the purchase of a three-story data center facility in Atlanta, Georgia. This acquisition was structured as a sale leaseback transaction with the previous owner – an unnamed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costa: “US Equities Are A Bright Spot”

Posted: 06 Jan 2012 10:30 AM PST

01/06/11 Empire Executions’ Peter Costa discusses the US jobs report and weighs interest rate expectations. Next week’s key events are highlighted: ECB rate decision, earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Arena Pharma Files Response To CRL

Posted: 06 Jan 2012 10:25 AM PST

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) and partner Eisai Inc. recently announced that the former has responded to the FDA’s complete response letter (CRL) for Arena Pharma's weight loss candidate lorcaserin.
Story so far
In December 2009, Arena Pharma submitted the new drug application (NDA) to the FDA to get lorcaserin approved for weight management, including weight loss and its maintenance, in obese (Body Mass Index, or BMI, >30) or overweight (BMI >27) patients suffering from at least … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Respecting The 38.2% As Correction/consolidation Period Continues

Posted: 06 Jan 2012 10:18 AM PST

The GBPUSD found support against the 1.5375 level (see prior post) and rotated back higher. The price has pushed above channel trendline resistance and moved toward the 38.2% of the days trading range where there has been two separate tests. Activity has died down but the bias remains to the downside as long at the price remains below the Fibonacci … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Slows Down/consolidates

Posted: 06 Jan 2012 10:18 AM PST

The EURUSD has been consolidating over the last few hours as the adrenelin rush from the NFP report brings traders down.  The steady trend move down over the last 3 trading days which took the price from a high of 1.3072 to the low today of 1.2696 (376 pip range) has also sapped some energy and balanced buyers and sellers. Todays leg to the downside has been less than the prior two days (see hourly chart below).  Trader's seem satisfied but willing to take a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Drops Amid Dollar Rally

Posted: 06 Jan 2012 10:11 AM PST

Forexpros – Crude futures dropped Friday as markets blew off Iran’s threats to close a key waterway and instead focused on U.S. unemployment rates, which beat expectations and sent investors racing towards the dollar.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD101.27 a barrel in U.S. trading, down 0.54%.

The commodity hit a session high of USD102.79 and a low of USD100.89.

Oil spent recent sessions spiking on fears that Iran may … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Check Point Secures Through Amazon

Posted: 06 Jan 2012 10:05 AM PST

Tel Aviv, Israel-based network and Internet security solutions provider Check Point Technologies Ltd. (NASDAQ:CHKP) will now make its security offering easily available through the cloud. Check Point's security gateways will now be available to customers for downloading through Amazon.com Inc. (NASDAQ:AMZN) Web Services.
Amazon.com operates as an online retailer in North America and internationally. In addition, the company serves developers through Amazon Web Services (AWS), which provides access to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P Expedites Real Estate Transfers

Posted: 06 Jan 2012 10:00 AM PST

Hewlett-Packard Company's (NYSE:HPQ) Converged Infrastructure suite was recently deployed by the First American Title Insurance company to upgrade its data center infrastructure. Financial terms of the deal were not disclosed.
The largest subsidiary of First American Financial Corporation (NYSE:FAF), First American Title provides thorough title searches, title clearance and title insurance policies to facilitate real estate purchases, construction, refinances and equity loans. The company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SBS Stays On The Sidelines

Posted: 06 Jan 2012 10:00 AM PST

We reiterate our Neutral recommendation on Saneamento Basico do Estado de São Paulo or SABESP (SBS).
Time and again, SABESP has been retaining its position as the largest water and sewage services provider in the world. SABESP's non-cyclical regulated utility business in the Brazilian emerging market is an attractive and relatively low-risk investment opportunity. We believe the company will continue to make a constant effort to improve its services and in turn, will keep improvising its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Slides On U.S. Jobs Data

Posted: 06 Jan 2012 09:31 AM PST

Forexpros – Stronger-than-expected jobs data out of the U.S. coupled with weak factory numbers out of Germany and continued European banking worries sent the dollar rising and the euro declining on Friday.

EUR/USD hit 1.2719 in early afternoon U.S. trading, down 0.55%, up from a session low of 1.2697 and off from a high of 1.2813.

The pair was likely to test support at 1.2697, Friday’s low, and resistance at 1.3077, Tuesday’s high.

In the U.S., the Bureau of Labor Statistics reported the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cooper’s Three New Acquisitions

Posted: 06 Jan 2012 09:30 AM PST

Cooper Industries plc (NYSE:CBE) has announced the acquisitions of three companies, Changzhou Yuhua Electrical Equipment Manufacturing Co. Ltd. (Yuhua); Blinda Industria e Comercio Ltda (Blinda); and GE’s Industrial Systems British Standard fuse-link product portfolio for a combined price of approximately $56 million.  The three companies are expected to generate a combined sale of about $36 million in 2011.
Based in Changzhou, China, Yuhua has merged with Cooper Safety division. Yuhua … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Drop Continues Against Dollar

Posted: 06 Jan 2012 04:30 AM PST

01/06/12 The euro continues to trade at a 16-month low against the dollar this afternoon following a series of strong US employment reports and continued funding concerns for the eurozone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Electric To Buy BlueStar Energy

Posted: 06 Jan 2012 09:06 AM PST

American Electric Power Company Inc. (NYSE:AEP), a public utility holding company, has reached an agreement to acquire BlueStar Energy Holdings Inc. and its independent retail electric supplier BlueStar Energy Solutions. The terms of the agreement have not been disclosed.
BlueStar, based in Chicago, provides electric supply for retail customers in Ohio, Illinois and other deregulated electricity markets. The company also provides energy solutions, including demand response and energy efficiency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sinopec Still At Neutral

Posted: 06 Jan 2012 08:55 AM PST

We are maintaining our Neutral rating on China Petroleum and Chemical Corporation (NYSE:SNP),aka Sinopec, based on higher natural gas production and expanding overseas activities, partially mitigated by unstable oil and gas fundamentals.
Sinopec with its head office in Beijing, China, is one of the largest petroleum and petrochemical companies in Asia. The company is the second largest crude oil and natural gas producer, and the largest refiner and marketer of refined petroleum products in China. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Mixed On U.S. Job Data, Chronic Euro Woes; DAX Down 0.71

Posted: 06 Jan 2012 08:41 AM PST

Forexpros – European stocks closed mixed Friday as strong U.S. job data offset chronic euro zone debt worries.

After the close of European trade, the EURO STOXX 50 gave back 0.76%, France’s CAC 40 fell 0.32%, while Germany’s DAX 30 closed lower by 0.71%. Meanwhile, in the U.K. the FTSE 100 eased higher by 0.36%.

The bearish sentiment started yesterday when Italy’s UniCredit stated it will sell shares at EUR1.943 to raise EUR7.5 billion. This is at a 43% discount to yesterday’s closing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DDR Restructures Portfolio

Posted: 06 Jan 2012 08:40 AM PST

DDR Corp. (DDR) recently announced the acquisition of a shopping center named Polaris Towne Center in Ohio for $80 million and dispensed with assets worth $247 million during the fourth quarter of 2011. The acquisition of the 700,000 square feet center consolidates DDR’s position as the major owner and operator of prime shopping centers in the Columbus metropolitan area.
During the fourth quarter 2011, the company divested 20 shopping centers and seven land parcels for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks In The Red Despite Jobs Report

Posted: 06 Jan 2012 08:10 AM PST

01/06/12 Wall Street opened in the red, as EU debt concerns and US rate expectations dragged stocks lower. Nonfarm payrolls and the unemployment rate improved … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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