DailyMarkets.com - LSI Corp. Acquires SandForce
DailyMarkets.com - LSI Corp. Acquires SandForce |
- LSI Corp. Acquires SandForce
- Forex Trading: USDJPY Tests 100 Day MA At 77.16
- Elpida-Toshiba Merger Boosts Micron
- RadioShack In Neutral Zone Again
- Humana Closes MD Care Acquisition
- Euro Stocks Lower On Bank Capital Troubles; DAX Down 0.25%
- El Paso E&P Unit On Sale?
- Forex Trading: EURUSD Continues The Trend Down
- Forex Trading: GBPUSD Momentum Fading A Bit
- Forex Trading: USDCHF Stays Supported
- BSX’s Alair Receives Reimbursement
- SCG-DOW Finalize PO Plant Start-up
- Stock Market News Briefs: Acme Packet, Eastman Kodak Company, LCA-Vision, Progress Software Corporation
- Good News For U.S. Labor Market
- Seagate Foresees Higher 2Q Numbers
- FDA OKs Meridian’s GDH Test
- Good News For Alkermes’ Pipeline
- Sonic Reports In Line, Comps Up
- Quest To Acquire S.E.D. Medical
- Scientific Games Wins IGB Contract
- Dreams’ December Online Sales Up
- Twin Overseas Deals For POSCO ICT
- Hospira Upped To Neutral
- NeuroMetrix Reaches Milestone
- National Bank Of Romania Drops Rate 25bps To 5.75%
- Crude Oil Futures Hold On To Losses After U.S. Supply Gain
- Wall Street Falls On EU Worries
- Creative Destruction: Kodak Teeters On The Brink
- Natural Gas Futures Remain Lower After U.S. Storage Data
- Forex – Dollar Extends Rally As Risk Appetite Crumbles
- Forex – GBP/USD Pushes Lower, Euro Zone Worries Persist
- Forex – EUR/USD Down More Than 1% On Banking Fears
- Canadian Ivey PMI Rises Unexpectedly In December
- U.S. ISM Non-manufacturing PMI Rises Less-than-expected
- Crude Steady Ahead Of EIA Report
- Gold Futures Fall From 2-week High As USD Strength Weighs
- U.S. Stocks Lower Despite Positive Employment Data; Dow Jones 0.88%
- Interactive Map Of 2011 U.S. Migration Patterns
- Forex – USD/CAD Trims Gains After Upbeat U.S. Jobs Data
- Euro Falls Below 1.2800 For First Time Since September 2010
- Watch The Dollar In 2012, But Be Careful What You Watch
- Global Stocks Dip On EU Funding Uncertainty
- Forex – EUR/JPY Remains Lower Despite Upbeat U.S. Data
| Posted: 05 Jan 2012 10:25 AM PST LSI Corporation (NYSE:LSI) recently announced the completion of its SandForce Inc. acquisition deal. The intent of this venture is to enhance application performance using SandForce's flash-based storage support features for the advancement of flash storage processors.
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| Forex Trading: USDJPY Tests 100 Day MA At 77.16 Posted: 05 Jan 2012 10:19 AM PST The USDJPY has rallied today on the back of much better US data. The price was also supported by the inability to breach the post BOJ intervention low at the 76.567 level. This gave traders even more reason to cover shorts when the price started moving above trendlines and moving averages (see hourly chart below)
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| Elpida-Toshiba Merger Boosts Micron Posted: 05 Jan 2012 10:05 AM PST Semiconductor device manufacturer Micron Technology Inc. (NYSE:MU) recently witnessed a 6.0% jump in its share price following the announcement of the merger between one of its competitors, Elpida Memory and Toshiba Corp. The merger marks a consolidation in an industry hurt by cut-throat competition.
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| RadioShack In Neutral Zone Again Posted: 05 Jan 2012 09:55 AM PST We upgrade our recommendation on RadioShack Corp. (NYSE:RSH) to Neutral based on its current valuation, which dropped by nearly 48% last year and is currently trading at the low-end of its 52-week price range. We believe this low-valuation level will provide a cushion for further downslide of the stock price. Meanwhile, the nightmare of RadioShack persists as the company continues with its disappointing performance.
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| Humana Closes MD Care Acquisition Posted: 05 Jan 2012 09:35 AM PST On Wednesday, Humana Inc. (NYSE:HUM) announced the completion of its acquisition of California-based MD Care. The closure of the deal took less than four months since the announcement in September 2011. The financial terms of the deal were not disclosed.
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| Euro Stocks Lower On Bank Capital Troubles; DAX Down 0.25% Posted: 05 Jan 2012 09:35 AM PST Forexpros – European stocks closed lower for the second day Thursday, as concerns over banks needing to raise more capital than forecasted muted bullish U.S. employment numbers. After the close of European trade, the EURO STOXX 50 gave back 1.45%, France’s CAC 40 fell 1.53%, while Germany’s DAX 30 closed lower by 0.25%. Meanwhile, in the U.K. the FTSE 100 dropped 0.78%. The bearish sentiment started when Italy’s UniCredit stated it will sell shares at EUR1.943 to raise EUR7.5 billion. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Posted: 05 Jan 2012 09:27 AM PST Reliance Industries Ltd. and Apollo Global Management LLC are eying the oil and natural-gas exploration and production unit of El Paso Corp. (NYSE:EP), according to media reports.
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| Forex Trading: EURUSD Continues The Trend Down Posted: 05 Jan 2012 09:23 AM PST The EURUSD is maintaining the trend lower. The topside trendlined now has three points along the line. The bottom, less steep trendline has 3 points (and one failed break). The sellers are still in control with the 1.2775 level as the bottom target now. I would look for buyers against this level as it also is near the 138.2% of the move up from the December 29th low. On the topside, the buyers need to prove their conviction by pushing the price above the topside trendline on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex Trading: GBPUSD Momentum Fading A Bit Posted: 05 Jan 2012 09:23 AM PST The slope of the downtrend is flatter. There is a double bottom. The price is trying to move above and stay above the downward trendline on the chart above. What is missing is an urgency to buy back shorts. A move above teh 1.5500 and then the 38.2% of the days rangeat the 1.5527 area. The 100 bar MA is also a target and moving lower.
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| Forex Trading: USDCHF Stays Supported Posted: 05 Jan 2012 09:23 AM PST The USDCHF is staying supported in up and down activity intraday. The price remains above channel trendline support, keeping the bulls in control. Sellers so far have not been able to exert any control. They must turn the bias to neutral or down. Otherwise, there is no reason to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| BSX’s Alair Receives Reimbursement Posted: 05 Jan 2012 09:07 AM PST Boston Scientific Corporation (NYSE:BSX) received a major breakthrough for its Alair Bronchial Thermoplasty ("BT") system with the Centers for Medicare and Medicaid Services (“CMS”) acknowledging the benefit of the treatment.
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| SCG-DOW Finalize PO Plant Start-up Posted: 05 Jan 2012 09:02 AM PST The Dow Chemical Company (NYSE:DOW) announced that the SCG-Dow Group, a joint venture between Dow and The Siam Cement Group (NYSE:SCG), has finalized the start-up of its propylene oxide (PO) facility in Thailand by successfully completing its full capacity performance test.
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| Posted: 05 Jan 2012 09:01 AM PST Laser-vision surgery chain LCA-Vision Inc.'s (NASDAQ:LCAV) share prices rocketed up 35.39% to close at $4.17 after the company reported a 30% increase in its same store procedures during its fourth quarter Network infrastructure provider Acme Packet Inc. (NASDAQ:APKT) shares declined 19.21% after the company lowered its 2011 forecast for adjusted earnings and sales Share prices of Eastman Kodak Co.'s (NYSE:EK) plummeted 28.19% to close at $0.47 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Good News For U.S. Labor Market Posted: 05 Jan 2012 09:01 AM PST Positive domestic data and the resumption of Europe-centric negative headlines will be pushing stocks in opposite directions today. France held an overall successful bond auction, though yields inched up a bit. But Euro-zone worries are getting focused on the region's banks, which need to tap the capital markets to spruce up their battered capital positions.
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| Seagate Foresees Higher 2Q Numbers Posted: 05 Jan 2012 09:01 AM PST Improvement in hard drive shipments during December 2011 has enabled Seagate Technologies Plc. (NASDAQ:STX) to increase its revenue outlook for the ongoing quarter ending in March. Following the announcement, the company's stock jumped more than 7.0%.
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| Posted: 05 Jan 2012 09:01 AM PST Diagnostic test kit maker Meridian Bioscience (NASDAQ:VIVO) recently won the approval of the U.S. Food and Drug Administration ("FDA") for its new C. difficile (Clostridium difficile) test dubbed ImmunoCard C. difficile GDH. The Cincinnati-based company launched the test in Europe in August 2011.
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| Good News For Alkermes’ Pipeline Posted: 05 Jan 2012 09:01 AM PST Alkermes plc (NASDAQ:ALKS) recently announced that its candidate ALKS 5461 has fared well in a phase I/II study (n=32) in patients suffering from major depressive disorder (MDD). The patients evaluated in the study had responded inadequately to treatments under the standard drugs for clinical depression. ALKS 5461 is a combination of buprenorphine and Alkermes' another candidate ALKS 33.
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| Sonic Reports In Line, Comps Up Posted: 05 Jan 2012 09:01 AM PST Oklahoma-based Sonic Corp. (NASDAQ:SONC) reported first quarter 2012 earnings of 9 cents per share, in line with the Zacks Consensus Estimate, but below the year-ago quarter earnings of 12 cents per share.
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| Quest To Acquire S.E.D. Medical Posted: 05 Jan 2012 09:01 AM PST Quest Diagnostics (NYSE:DGX), one of the largest providers of commercial laboratory services in North America recently announced its decision to acquire S.E.D. Medical Laboratories, a full-service drugs-of-abuse testing laboratory that provides all laboratory services to the Lovelace Health System. The acquisition is expected to be completed by the end of January 2012. However, financial terms of the transaction have not been disclosed.
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| Scientific Games Wins IGB Contract Posted: 05 Jan 2012 09:01 AM PST Scientific Games Corp. (SGMS) recently signed a new contract with the Illinois Gaming Board (IGB) for setting up a central communications system (CCS) in the State of Illinois. Under the terms of the contract, Scientific Games will design, implement and manage its AEGIS-video central communication system for IGB. The system will connect IGB to every installed video gaming terminal in the state and help it better manage as well as analyze all the betting activity in the state.
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| Dreams’ December Online Sales Up Posted: 05 Jan 2012 09:01 AM PST Dreams, Inc (DRJ), a vertically integrated sports memorabilia and licensed products enterprise, continues to witness upside in its e-commerce division, which accounts for the largest portion of its total revenue.
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| Twin Overseas Deals For POSCO ICT Posted: 05 Jan 2012 09:01 AM PST South Korean steel maker, POSCO’s (NYSE:PKX) IT unit, POSCO ICT is strengthening its foothold in the overseas market as the unit recently reported to have won contracts worth KRW180 billion. Overseas orders last year approximated KRW500 billion and accounted for 30% of total orders.
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| Posted: 05 Jan 2012 09:01 AM PST We recently upgraded our rating on Hospira, Inc. (NYSE:HSP) from Underperform to Neutral with a target price of $33.00.
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| Posted: 05 Jan 2012 09:01 AM PST Nerve testing devices maker NeuroMetrix (NASDAQ:NURO) recently reached a commercial milestone as it has booked the 100th order for its new NC-stat DPNCheck test. The Massachusetts-based company unveiled the test at the annual conference of the American Diabetes Association ("ADA") in San Diego, California, in July 2011. Commercial shipment of the product began in September 2011.
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| National Bank Of Romania Drops Rate 25bps To 5.75% Posted: 05 Jan 2012 08:57 AM PST The Banca Nationala a Romaniei reduced its key monetary policy interest rate by 25 basis points to 5.75% from 6.00%. The Bank said: “The recovery of the Romanian economy has continued – underpinned by favourable dynamics of exports, as well as of industrial and farming output – whereas the growing uncertainties regarding global and European growth amid a worsened global risk appetite and heightened sovereign debt crisis in the euro zone are hindering the short-term outlook … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Oil Futures Hold On To Losses After U.S. Supply Gain Posted: 05 Jan 2012 08:12 AM PST Forexpros – Crude oil futures held on to losses on Thursday, after government data showed U.S. crude supplies rose unexpectedly last week, however ongoing concerns over a disruption to Iranian oil supplies continued to lend support. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February traded at USD102.18 a barrel during U.S. morning trade, dropping 1.03%. It earlier fell by as much as 1.4% to trade at a session low USD102.06 a barrel. Crude prices traded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Wall Street Falls On EU Worries Posted: 05 Jan 2012 08:10 AM PST 01/05/12 US stocks opened in negative territory on renewed EU jitters. US jobs data topped forecasts ahead of the release of December’s employment … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Creative Destruction: Kodak Teeters On The Brink Posted: 05 Jan 2012 07:55 AM PST Rochester-based Eastman Kodak has been around since 1894, and was a blue-chip Dow Jones Industrial Average stock from 1930-2004. The company has been on the annual Fortune 500 list of America’s largest companies every year since the rankings started in 1955. But the company hasn’t turned a profit since 2007, and is now on the verge of filing for bankruptcy, according to an article in today’s Wall Street Journal. Here are some excerpts: “Eastman Kodak Co. is preparing to seek … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Natural Gas Futures Remain Lower After U.S. Storage Data Posted: 05 Jan 2012 07:50 AM PST Forexpros – Natural gas futures remained sharply lower on Thursday, amid lingering concerns over elevated inventory levels after the U.S. Energy Information Administration said that natural gas inventories declined less-than-expected last week. On the New York Mercantile Exchange, natural gas futures for delivery in February traded at USD3.038 per million British thermal units during U.S. morning trade, tumbling 1.85%. It earlier fell by as much as 3.6% to trade at a session low USD3.006 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – Dollar Extends Rally As Risk Appetite Crumbles Posted: 05 Jan 2012 07:32 AM PST Forexpros – The U.S. dollar extended a rally against its major counterparts on Thursday, as investors dumped higher yielding assets as a combination of worries over the euro zone's ailing banking sector and sovereign funding issues in the region outweighed strong U.S. jobs data. During U.S. morning trade, the dollar remained sharply higher against the euro, with EUR/USD tumbling 1.02% to hit 1.2812. Risk appetite was hard hit as concerns over the health of the euro zone banking sector … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – GBP/USD Pushes Lower, Euro Zone Worries Persist Posted: 05 Jan 2012 07:21 AM PST Forexpros – The pound extended losses against the U.S. dollar on Thursday, falling to a three-day low as renewed concerns over the health of Europe's banking sector overshadowed positive U.S. employment data. GBP/USD hit 1.5476 during U.S. morning trade, the pair's lowest since January 2; the pair subsequently consolidated at 1.5486, dropping 0.85%. Cable was likely to find support at 1.5400, the low of December 30 and resistance at 1.5628, the day's high. U.S. payroll processing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/USD Down More Than 1% On Banking Fears Posted: 05 Jan 2012 07:18 AM PST Forexpros – The euro was down more than 1% against the U.S. dollar on Thursday, as fears over the financial crisis in the euro zone kept the currency under heavy selling pressure and overshadowing stronger-than-expected U.S. employment data. EUR/USD hit 1.2785 during U.S. morning trade, the pair's lowest since September 13, 2010; the pair subsequently consolidated at 1.2810, falling 1.01%. The pair was likely to find support at 1.2700 and resistance at 1.2946, the session high. Concerns … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Canadian Ivey PMI Rises Unexpectedly In December Posted: 05 Jan 2012 07:11 AM PST Forexpros – Canada’s Ivey purchasing managers' index rose unexpectedly in December, industry data showed on Thursday. In a report, the Richard Ivey School of Business said its purchasing managers' index rose by 3.6 points to 63.5 in December from a reading of 59.9 in November. Analysts had expected the index to decline by 0.8 points to 59.1. A figure above 50.0 indicates industry expansion, below indicates contraction. According to the data, the Employment Index rose to 60.0 in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. ISM Non-manufacturing PMI Rises Less-than-expected Posted: 05 Jan 2012 07:07 AM PST Forexpros – Service sector activity in the U.S. rose less-than-expected in December, industry data showed on Thursday. In a report, the Institute of Supply Management said its non-manufacturing purchasing manager’s index rose by 0.6 points to 52.6 in December from a reading of 52.0 in November. Analysts had expected the index to rise by 1.0 point to 53.0 in December. On the index, a reading above 50.0 indicates the non-manufacturing sector economy is generally expanding, below 50.0 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Crude Steady Ahead Of EIA Report Posted: 05 Jan 2012 02:00 AM PST 01/05/12 Front month crude prices were trading steady near $103 a barrel this morning just prior to the release of the EIA inventory data report as the euro tumbled against the dollar and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Gold Futures Fall From 2-week High As USD Strength Weighs Posted: 05 Jan 2012 06:57 AM PST Forexpros – Gold futures erased gains on Thursday, retreating from the highest level in two-weeks as the U.S. dollar rallied to a 16-month high against the euro amid ongoing fears over the single currency bloc's debt crisis. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,604.35 a troy ounce during early U.S. morning trade, dropping 0.5%. It earlier fell by as much as 0.95% to trade at a session low USD1,597.75 a troy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| U.S. Stocks Lower Despite Positive Employment Data; Dow Jones 0.88% Posted: 05 Jan 2012 06:50 AM PST Forexpros – U.S. stocks were lower on Thursday, as fears over the strength of Europe's banking sector continued to weigh on market sentiment despite upbeat U.S. employment reports. During early U.S. trade, the Dow Jones Industrial Average dropped 0.88%, the S&P 500 index retreated 0.85%, while the Nasdaq Composite index eased 0.38%. Data showed that U.S. non-farm private employment increased more-than-expected in December, posting the largest monthly gain since December 2010. In a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Interactive Map Of 2011 U.S. Migration Patterns Posted: 05 Jan 2012 06:46 AM PST From Atlas Van Lines, based on 80,289 interstate and cross-border (Canada) household goods relocations from January 1, 2011 through December 31, 2011. States that gained population with net inbound moves in 2011 include North Dakota (no surprise there), Texas, New Mexico, Alaska, Tennessee, North Carolina, Virginia, Maryland, Washington, D.C., New Hampshire and Rhode Island. Other migration facts for 2011: Michigan became a balanced state after six consecutive years of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – USD/CAD Trims Gains After Upbeat U.S. Jobs Data Posted: 05 Jan 2012 06:40 AM PST Forexpros – The U.S. dollar trimmed gains against its Canadian counterpart on Thursday, after stronger-than-expected U.S. employment data, but concerns over the euro zone's financial crisis continued to support safe haven demand. USD/CAD pulled back from 1.0198, the pair's highest since December 2, to hit 1.0172 during early U.S. trade, still up 0.46% on the day. The pair was likely to find support at 1.0102, Wednesday's low and resistance at 1.0209, the high of January 2. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Euro Falls Below 1.2800 For First Time Since September 2010 Posted: 05 Jan 2012 06:35 AM PST Fundamental Headlines
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| Watch The Dollar In 2012, But Be Careful What You Watch Posted: 05 Jan 2012 06:31 AM PST Two posts ago, I mentioned the unrealistic composition (currencies and weights) in the DSY dollar index. It is composed of the six currencies in the left column below with the weights indicated. I took it for granted that those weights would be recognized by everyone as not representative of the current pattern of U.S. international trade, but I also just took the easy way out and didn't provide an alternative. Sorry about that.
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| Global Stocks Dip On EU Funding Uncertainty Posted: 05 Jan 2012 01:15 AM PST 01/05/12 NYFP’s Opening Bell Report: Global stocks were in the red Thursday morning amid ongoing concerns about the ability of the eurozone to raise … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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| Forex – EUR/JPY Remains Lower Despite Upbeat U.S. Data Posted: 05 Jan 2012 06:03 AM PST Forexpros – The euro remained lower against the yen on Thursday, hovering close to an 11-year trough as sustained concerns over Europe's banking sector overshadowed positive U.S. employment data. EUR/JPY hit 98.49 during European afternoon trade, a decade low; the pair subsequently consolidated at 98.71, shedding 0.58%. The pair was likely to find support at 98.00 and resistance at 99.34, the day's high. Data showed that U.S. non-farm private employment increased more-than-expected in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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