Monday, January 16, 2012

DailyMarkets.com - Starwood To Expand Base In India

DailyMarkets.com - Starwood To Expand Base In India


Starwood To Expand Base In India

Posted: 16 Jan 2012 08:20 AM PST

Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently revealed its intention to open 20 more hotels in India by 2015. Starwood currently operates 33 hotels in that country. The hotelier sees significant opportunities for growth in India, which is under-hoteled to meet its future demand.
Starwood's emergence in India dates back to 1973. Being one of the largest international hotel operators of four and five star hotels, Starwood has become one of India's most sought after global … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD In Non Trending Trading Mode

Posted: 16 Jan 2012 08:18 AM PST

The 1.2682 was the close from Friday and has been a high for today. The 1.2623 was the low from Friday and near the low for the day. The 1.2661/65 were Monday and Wednesday lows. That sits in between the resistance above and support below.  Being below the close keeps the bears in charge for the EURUSD. The burden of proof is on the bulls or buyers to overtake the sellers and push the market higher. So far today they have won a battle off the lows, but they have not won any … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Lionsgate Acquires Summit

Posted: 16 Jan 2012 08:05 AM PST

Recently, Lions Gate Entertainment Corp. (NYSE:LGF), a leading global entertainment company, announced the acquisition of Summit Entertainment, the maker of 'Twilight' series for $412.5 million.
The company is constantly seeking strategic acquisitions and alliances to enhance its competitive position, maximize return and build a diversified portfolio for future growth. The string includes companies like Artisan, Debmar-Mercury, Trimark, Redbus, TV Guide Network and Mandate.
Lions Gate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Qiagen Enhances Presence In Japan

Posted: 16 Jan 2012 07:50 AM PST

Consistent with its strategy of expanding in the international arena, Qiagen (NASDAQ:QGEN) recently obtained the regulatory approval for its therascreen EGFR Mutation Detection Kit RGQ in Japan. Japan has emerged as the leading companion diagnostics market in the world and this approval holds immense potential for Qiagen to further expand in this segment.
EGFR or the epidermal growth factor receptor has been proved to play an important role in certain cancers, thus helping guide cancer treatments. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Medicare Sets 6 Billion Prices Across The Country

Posted: 16 Jan 2012 07:40 AM PST

From John Goodman’s blog post today “How Doctors Are Trapped”:

“Medicare has a list of some 7,500 separate tasks it pays physicians to perform. For each task there is a price that varies according to location and other factors. Of the 800,000 practicing physicians in this country, not all are in Medicare and no doctor is going to perform every task on Medicare's list. 

Yet Medicare is potentially setting about 6 billion prices across the country at any one time. Is there any chance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Apple Receives Unfavorable Ruling

Posted: 16 Jan 2012 07:35 AM PST

Apple Inc. (AAPL) recently received an adverse ruling in a patent suit against Motorola Mobility Holdings Inc. (MMI) from the International Trade Commission (ITC). An ITC judge set aside Apple's allegation that Motorola Mobility had violated three of its patents.
This is Apple's second defeat against Motorola in successive months, after a German court issued an injunction favoring Motorola in December last year. Although the current ruling will be reviewed by a six-member ITC panel, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – GBP/USD Almost Unchanged After French Debt Sale

Posted: 16 Jan 2012 07:27 AM PST

Forexpros – The pound was almost unchanged against the U.S. dollar on Monday, hovering close to a 17-month low as a French debt auction failed to ease concerns over the financial crisis in the euro zone.

GBP/USD hit 1.5278 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.5312, edging down 0.03%.

Cable was likely to find support at 1.5232, the low of January 13 and a 17-month low and resistance at 1.5366, the high of January 12.

France sold EUR8.5 billion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Gold Holds Gains After French Debt Auction, Greece In Focus

Posted: 16 Jan 2012 07:21 AM PST

Forexpros – Gold futures held on to gains on Monday, as the safe haven appeal of the precious metal was boosted amid concerns the euro zone's ongoing debt crisis was worsening with no end in sight.

On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,641.95 a troy ounce during U.S. morning trade, gaining 0.68%.

It earlier rose by as much as 1.05% to trade at a daily high of USD1,647.45 a troy ounce.

Gold futures were likely to find … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Frisch’s Reports In Line

Posted: 16 Jan 2012 07:20 AM PST

Frisch’s Restaurants Inc. (FRS) recently posted second quarter 2012 earnings of 56 cents per share, in line with the Zacks Consensus Estimate. Reported earnings also outpaced the year-ago earnings of 49 cents per share. The year-over-year earnings growth was driven by higher same-store sales and margin expansion at Golden Corral segment.
Inside the Headline Numbers
The restaurant chain reported total revenue of $70.7 million in the second quarter, up only 0.1% year over year, owing to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/USD Remains Lower As Euro Zone Concerns Weigh

Posted: 16 Jan 2012 07:09 AM PST

Forexpros – The euro remained lower against the U.S. dollar on Monday, as concerns over sovereign funding in the euro zone continued to weigh on market sentiment after a weaker than expected French debt sale.

EUR/USD hit 1.2626 during U.S. morning trade, the daily low; the pair subsequently consolidated at 1.2669, dipping 0.07%.

The pair was likely to find short-term support at 1.2623, Friday's low and a 16-month low and resistance at 1.2789, the high of January 11.

France sold EUR8.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SurModics Cut To Neutral

Posted: 16 Jan 2012 07:05 AM PST

We have recently downgraded SurModics Inc. (NASDAQ:SRDX) to Neutral from Outperform with a target price of $16.00.
In November 2011, Surmodics sold the assets of the Pharmaceuticals division to Germany's Evonik Industries AG for $30 million cash. The deal enables the company to focus extensively on its Medical Device and In Vitro Diagnostics units and also strengthens its balance sheet. Even though we are positive on SurModics' move to sell its Pharmaceuticals unit we prefer to adopt a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Oil Futures Trade Close To USD100 On Iran, Nigeria Worries

Posted: 16 Jan 2012 06:55 AM PST

Forexpros – Crude oil futures added to gains on Monday, hovering just below USD100-a-barrel as markets continued to monitor potential supply disruptions in Iran and Nigeria, shrugging off negative developments out of the euro zone.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD99.69 a barrel during U.S. morning trade, jumping 0.82%.

It earlier rose by as much as 1.1% to trade at a session high of USD99.97 a barrel.

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


Priority Review For VPHM’s Drug

Posted: 16 Jan 2012 06:50 AM PST

ViroPharma Inc. (NASDAQ:VPHM) recently announced that the Canadian regulatory body has granted priority review status to the company's new drug submission (NDS) for Cinryze. ViroPharma is seeking the drug's approval for the treatment of prevention, pre-procedure prevention, and treatment of attacks of hereditary angioedema (HAE) in patients who are six years or older.
The company expects Health Canada to complete its review of Cinryze in the second half of 2012.
We note that Cinryze is currently … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Remains Weak After Downgrades; Credit Flashes Safety

Posted: 16 Jan 2012 06:45 AM PST

Fundamental Headlines
• Europe Bank Dividends Poised to Tumble – Bloomberg
• Greek Debt Swap Faces 'Critical' Phase in Talks – Bloomberg
• S&P Downgrade May Spark Tougher EU Ratings Curbs – Reuters
• Bailout Fund's Borrowing Costs Rise – WSJ
• Currencies Lure Traders as Investment Proxy – WSJ
European Session Summary
Markets were calm to start the week, as expected, given the Federal holiday in the United States that has markets closed on Monday. Trading in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – USD/CAD Down On Rising Oil Prices

Posted: 16 Jan 2012 06:36 AM PST

Forexpros – The U.S. dollar fell to a session low against its Canadian counterpart on Monday, as rising oil prices supported the loonie, which shrugged off Friday’s mass euro zone sovereign downgrade by ratings agency Standard & Poor's.

USD/CAD hit 1.0183 during European afternoon trade, the session low; the pair subsequently consolidated at 1.0199, shedding 0.31%.

The pair was likely to find support at 1.0139, the low of January 12 and resistance at 1.0251, the session high.

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


Stock Market News Briefs: Diamond Foods, J P Morgan Chase & Co, Metabolix

Posted: 16 Jan 2012 06:35 AM PST

    Shares of JP Morgan Chase & Co. (NYSE:JPM) declined 2.5% after the company reported its fourth quarter earnings per share of $0.90, lower than the Zacks Consensus Estimate of $0.92

    According to The Wall Street Journal, federal prosecutors were inquiring if the financial practices of Diamond Foods, Inc. (NASDAQ:DMND) involved criminal fraud. Shares of the company slumped 10.3%

    A day after Rovi Corporation (ROVI) projected a strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


EA’s Digital Gaming Cheers Growth

Posted: 16 Jan 2012 06:35 AM PST

Electronic Arts Inc.'s (EA) digital gaming segment seem to be going great guns as it registered 25 million active players worldwide for its Play4Free, EA's free-to-play digital gaming portal.
EA has a strong portfolio for its free-to-play games segment. Battlefield Heroes and Need for Speed World are playing the perfect role of the flag bearer in this segment as they boast approximately 10 million registered players. Other popular titles such as the Battlefield Play4Free, Dragon Age … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Dear College Student……

Posted: 16 Jan 2012 06:35 AM PST

From the Forbes article “Dear Student: I Don’t Lie Awake At Night Thinking of Ways to Ruin Your Life,” by economics professor Art Carden:

“First, I do not "take off" points. You earn them. The difference is not merely rhetorical, nor is it trivial. In other words, you start with zero points and earn your way to a grade.

Second, this means that the burden of proof is on you to demonstrate that you have mastered the material. It is not on me to demonstrate that you have not.

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


Markets Closed, But Here’s What To Expect

Posted: 16 Jan 2012 06:25 AM PST

Markets in the U.S. are closed today in observance of the Martin Luther King Jr. Day. But Friday's rating downgrades by Standard & Poor's are playing out in the Asian and European markets today. Not unexpectedly, the rating agency stripped France of its coveted triple-A rating, while leaving Germany with its triple-A rating. Eight other Euro-zone members got downgraded, with Italy, Spain, Portugal and Cyprus moving down by two notches each.
The impact of the rating action on France's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pepsi: Tropicana Not 100% Clean

Posted: 16 Jan 2012 06:20 AM PST

PepsiCo International (PEP) followed Coca Cola Company (KO) in acknowledging that their fruit juice, Tropicana, contains a dangerous fungicide. However, the retail giant also assured that the level of fungicide present was lower than the safety level determined by the federal and the juice does not pose any health risk.  
PepsiCo conducted tests on its fruit juice after the quality watchdog Food and Drug Administration (FDA) stalled the shipment of all fruit juices into U.S., after Coca … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – EUR/JPY Steady After French Debt Auction

Posted: 16 Jan 2012 06:20 AM PST

Forexpros – The euro was steady against the yen on Monday, trading close to an 11-year low after a French debt auction met with weaker-than-expected investor demand as investors remained cautious after the downgrade of nine euro zone countries on Friday.

EUR/JPY hit 97.04 during European afternoon trade, the pair's lowest in eleven years; the pair subsequently consolidated at 97.19, shedding 0.38%.

The pair was likely to find support at 95.20 and resistance at 98.24, the high of January … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Bio-Science Research Upholds MON

Posted: 16 Jan 2012 06:05 AM PST

We maintain our Outperform recommendation on global agribusiness giant, Monsanto Company (NYSE:MON).
Monsanto has witnessed an encouraging upside in revenue growth at the inaugurating quarter of fiscal 2012, driven by volume expansion and a mix benefit from significant corn trait expansion in Brazil and Argentina. Besides, benefits from the Australian cotton business were an added bonus. We believe that such business improvement will capture further growth opportunities in the coming quarters.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Perrigo Cleared For Generic Mucinex

Posted: 16 Jan 2012 05:50 AM PST

Perrigo Company (NASDAQ:PRGO) recently announced that it has won a summary judgment in the patent case involving the generic version of Adams Respiratory Therapeutics' drug Mucinex.  Adams Respiratory Therapeutics is a subsidiary of Reckitt Benckiser Group. Perrigo had received approval for its generic version of Mucinex in December 2011. It plans to launch the drug within the next 90 days. Mucinex indicated to relieve chest congestion has been identified as one of the important product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SM Energy Continues To Outperform

Posted: 16 Jan 2012 05:35 AM PST

We maintain an Outperform rating on SM Energy Company (NYSE:SM)––an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of natural gas and crude oil in North America.
With significant liquids content and favorable economics, the Eagle Ford represents an attractive resource potential in which the company has built a premier position. Development of the Eagle Ford Shale is an important part of SM Energy's goal to increase … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Are We Finally Starting To See A Healthy Market Again?

Posted: 16 Jan 2012 05:33 AM PST

Sector rotation has been the name of the game to start 2012 for the stock market.  The lagging sectors from 2011, including the financials, homebuilders, industrials, and materials, have been the leading sectors to start the year.  This is exactly what the market needed to start establishing a more healthy structure.  The market did not have a chance of making a legitimate move to the upside in 2012 without seeing money rotate out of defensive sectors that led during 2011. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Duke, Strata In Solar Deal

Posted: 16 Jan 2012 05:20 AM PST

Duke Energy Corporation (NYSE:DUK) has struck a 20-year contract with Strata Solar under which it will purchase all the energy and renewable energy credits generated from the Kings Mountain Solar facility developed by the latter.
Kings Mountain Solar, one of the largest facilities in the state, demonstrates the company’s commitment to use solar energy to meet general renewable energy compliance requirements. The $22 million solar project with a total of 22,000 new solar panels is mounted on 28 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex – Dollar Hold Gains As Euro Zone Woes Hit Risk Appetite

Posted: 16 Jan 2012 05:17 AM PST

Forexpros – The U.S. dollar remained broadly higher against its major counterparts on Monday, as ongoing fears over the debt crisis in the euro zone weighed on risk appetite after Friday's mass euro zone sovereign downgrade by Standard & Poor's and after talks on restructuring Greece's debt reached a deadlock.

During European afternoon trade, the dollar was fractionally higher against the euro, with EUR/USD dipping 0.05% to trade close to a 16-month trough at 1.2670.

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


Forex – GBP/USD Steady Ahead Of French Auction

Posted: 16 Jan 2012 05:03 AM PST

Forexpros – The pound was steady against the U.S. dollar on Monday, trading close to a 17-month low as concerns over the euro zone's debt crisis persisted ahead of a French debt auction later in the day.

GBP/USD hit 1.5278 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.5319, edging up 0.01%.

Cable was likely to find support at 1.5232, the low of January 13 and a 17-month low and resistance at 1.5366, the high of January 12.

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


Forex – EUR/USD Remains Lower As French Debt Auction Eyed

Posted: 16 Jan 2012 04:44 AM PST

Forexpros – The euro remained lower against the U.S. dollar on Monday, as concerns that the debt crisis in the euro zone could escalate weighed ahead of an auction of French government debt later in the day.

EUR/USD hit 1.2626 during European afternoon trade, the daily low; the pair subsequently consolidated at 1.2666, easing down 0.08%.

The pair was likely to find short-term support at 1.2623, Friday's low and a 16-month low and resistance at 1.2789, the high of January 11.

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


European Stocks Turn Higher But Gains Limited; DAX Up 0.42%

Posted: 16 Jan 2012 04:39 AM PST

Forexpros – European stock markets turned moderately higher on Monday, but gains were limited as investors were jittery after ratings agency Standard & Poor's downgraded nine euro zone countries on Friday, including France.

During European afternoon trade, the EURO STOXX 50 rose 0.23%, France's CAC 40 edged up 0.07%, while Germany's DAX 30 climbed 0.42%.

Sentiment was hit after S&P cut ratings on Italy, Spain, Cyprus and Portugal by two notches and downgraded Malta, Slovakia … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


PivotBoss Report For 01/17/12

Posted: 15 Jan 2012 07:39 PM PST

Market Outlook The Dow Jones Industrial Average ($DJI) has traded within a relatively meager 200-point range throughout much of the first two weeks of 2012. However, this small range could spark the next major breakout opportunity ahead. Here are the key levels to watch this week.. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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