DailyMarkets.com - Thai Floods Drain AXS’s Profit

---

• Thai Floods Drain AXS’s Profit
• Meridian Intros HyperPAGE II Marker
• Varian Gets Software Clearance
• CAT Hives Bucyrus Distribution Biz
• Forex Trading: EUR 500bln Lending Capacity Of EFSF/ESM Is A Minimum According To A Draft ESM Treaty
• What A Haul! Union Pacific Rolls To Record Profits
• BlackRock Beats Again
• Gilead Clinches Pharmasset Buy
• BB&T Marginally Beats Estimates
• Johnson Controls Misses, Profits Rise
• Anadarko Hits Oil In Ghana Again
• Union Pacific Exits 2011 On A High
• Guilfoyle: “Financial Sector…will Be Volatile”
• Amend2012
• P&G’s Gillette Helps Sport Whiskers
• Sugar Surpluses On The Way Out?
• “Insider Trading Is Rampant And Routine”
• Gentiva Upgraded To Neutral
• Forex – EUR/USD Adds To Gains On Bullish Sentiment
• ACAS Offloads CIBT Solutions
• Starbucks To Brew In India By 2H12
• Strong Spanish & French Debt Auction Lifts Euro Above $1.29
• Euro Stocks Climb On Bond Auctions, U.S. Data; DAX Up 0.97%
• McGraw-Hill Boosts Investor’s Wealth
• Forex Trading: EURUSD Falls To 100 Hour MA /50% Retracement. Philadelphia Fed Index Awaited.
• Forex Trading: USDJPY Moves Above 100 Hour MA
• Forex Trading: EURUSD Finds Some Buyers To Power Forward Off Support
• Earnings Preview: Polycom, Inc.
• Sallie Mae Beats Estimate
• Hasbro’s Prelim Results Disappoint
• UNH Increases Rev, Gains Members
• Earnings Preview: Schlumberger
• Yahoo Co-Founder Yang Resigns
• Ruby Tuesday CFO To Resign
• Morgan Stanley Tops Ests, Rev Falls
• BofA Disappoints, But Striving Hard
• EHR: A Promising Proposition
• EBay Guides Above Estimates
• Regency Centers Reaches New York
• VRSN Targets Internet Infrastructure
• Southwest Beats On Strong Top Line
• Bristol-Myers/AstraZeneca Get CRL
• HCP Prices Unsecured Notes
• AmEx, Lianlin Tie Up
• Central Bank Of Serbia Cuts Repo Rate 25bps To 9.50%
• Philippines Central Bank Cuts Rate 25bps To 4.25%
• Wall Street Gains On Earnings
• Forex – Dollar Remains Lower On Improved Risk Appetite
• Crude Oil Futures Hold Gains After U.S. Supply Drop
• Sands Cotai Central To Open Between March 22 And 27
• Natural Gas Falls To Lowest Since March 2002 After Supply Report
• Forex – GBP/USD Remains Higher After U.S. Data
• Forex – EUR/USD Trims Gains As Market Sentiment Softens
• IJ Wages New Fight For Economic Justice In MN
• Philly Fed Manufacturing Index Weaker-than-expected
• Crude Rallies On Successful Debt Auction, Job Improvements
• U.S. Stocks Higher On Data, Earnings Reports; Dow Jones Up 0.10%
• Forex – USD/CAD Near 1-month Low On Better Risk Appetite
• Thursday Morning Links
• Gold Turns Lower After U.S. CPI Data, Greece Talks In Focus
• European Currencies Continue Rebound; Will Market Test EUR/CHF Floor?
• It’s Time To Pull The Taxpayer Plug For Electric Cars
• Forex – EUR/JPY Extends Gains As Sentiment Improves
• European Stocks Jump On France, Spain Bond Sale
• Forex – USD/JPY Almost Unchanged After U.S. Data
• U.S. Initial Jobless Claims Drop To Lowest Since April 2008

Thai Floods Drain AXS’s Profit Posted: 19 Jan 2012 11:50 AM PST Insurer and reinsurer AXIS Capital Holdings Ltd. (AXS) is expecting that the Thai floods will cause an estimated losses of approximately $48 million in the fourth quarter. The natural catastrophes, during the first three quarters of 2011, are likely to adversely affect the company's fourth quarter results by $75 million. For the first nine months of 2011, AXS incurred cat losses of $0.8 billion, 4 times higher than $0.2 billion of cat loss incurred in the year-ago period. Given the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Meridian Intros HyperPAGE II Marker Posted: 19 Jan 2012 11:40 AM PST Bioline, a fully owned subsidiary of diagnostic test kits maker Meridian Bioscience (NASDAQ:VIVO), has broadened its HyperPAGE line of prestained molecular weight protein markers with the launch of the new HyperPAGE II protein marker. HyperPAGE II, a broad range protein marker, is prestained with different fluorescent dyes and contains nine highly purified protein bands with molecular weights ranging from 10 to 250kDa (kilodalton). The fluorescence dyes facilitate easy identification and orientation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian Gets Software Clearance Posted: 19 Jan 2012 11:25 AM PST Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) recently stated that it has obtained the 510 (k) clearance from the U.S. Food and Drug Administration ("FDA") for its latest radiotherapy treatment planning tool to be used with the company's premier Eclipse treatment planning software. These offerings cut down on time required to plan advanced treatment. According to the company, a customized treatment plan requires the clinician to take pictures of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CAT Hives Bucyrus Distribution Biz Posted: 19 Jan 2012 11:25 AM PST Caterpillar Inc. (NYSE:CAT) is selling the distribution and support unit, formerly operated by Bucyrus International Inc. in South America, Western Canada and the United Kingdom, to Finning International Inc. of Vancouver, Canada, for $465 million. The sale of the unit is part of its integration of Bucyrus. The distribution and support business generates revenues of around $600 million. The unit was included in Caterpillar's purchase of Bucyrus Inc., a South Milwaukee-based manufacturer of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EUR 500bln Lending Capacity Of EFSF/ESM Is A Minimum According To A Draft ESM Treaty Posted: 19 Jan 2012 11:17 AM PST ESM board of governors may decide to raise combined ESM lending capacity, according to draft ESM Treaty. ESM Treaty will enter into force when countries representing 90% of subscribed capital ratify it according to the draft. Collective action clauses will be introduced in all new Euro-zone bonds one month after ESM treaty enters into force. Euro-zone country can only apply for ESM for help if it started ratification of fiscal compact treaty. ESM's EUR 80bln paid-in capital is still to be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What A Haul! Union Pacific Rolls To Record Profits Posted: 19 Jan 2012 11:00 AM PST 01/19/12 Railroad gian union Pacific saw Q4 profit jump an astounding 24% as the freight railroad operator hiked prices and carried more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BlackRock Beats Again Posted: 19 Jan 2012 10:55 AM PST BlackRock Inc.'s (NYSE:BLK) fourth quarter 2011 adjusted earnings came in at $3.06 per share, ahead of the Zacks Consensus Estimate of $3.00. The results compare unfavorably with the prior-year quarter earnings of $3.42 but came in better than the prior-quarter earnings of $2.83. GAAP net income came in at $555 million or $3.05 per share, as against $595 million or $3.23 per share in the prior quarter and $657 million or $3.35 per share in the year-ago quarter. Better-than-expected results were … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gilead Clinches Pharmasset Buy Posted: 19 Jan 2012 10:55 AM PST Gilead Sciences, Inc. (NASDAQ:GILD) announced recently that it has completed its previously announced agreement to buy Pharmasset, Inc, a maker of drugs for the treatment of chronic hepatitis C virus (HCV), for approximately $11.2 billion. Gilead paid $137 for each share of Pharmasset. Gilead had entered into a definitive agreement to buy Pharmasset in November last year. The deal is expected to be dilutive through 2014 and accretive to earnings from 2015 onwards. Pharmasset currently has three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T Marginally Beats Estimates Posted: 19 Jan 2012 10:55 AM PST BB&T Corp.'s (NYSE:BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011, earnings came in at $1.83 per share, beating the Zacks Consensus Estimate of $1.80. The company reported earnings of $1.16 in the previous year. Better-than-expected quarterly results benefited from higher revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Johnson Controls Misses, Profits Rise Posted: 19 Jan 2012 10:55 AM PST Johnson Controls Inc. (NYSE:JCI) posted a 9% increase in profit of $410 million or 60 cents per share in the first quarter of its fiscal 2012 from $375 million or 55 cents per share in the same quarter of prior fiscal year. However, the profits were lower than the Zacks Consensus Estimate by 2 cents per share. The higher profits were attributable to higher earnings in the company's Power Solutions and Automotive Experience segments. Net sales in the quarter rose 9% to $10.4 billion, which is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anadarko Hits Oil In Ghana Again Posted: 19 Jan 2012 10:55 AM PST Independent oil and gas producer Anadarko Petroleum Corporation (NYSE:APC) made another light oil discovery in offshore Ghana. The Ntomme-2A appraisal well successfully drilled oil in the Deepwater Tano Block and encountered 128 net feet (39 meters) of light oil in standstone reservoirs. Earlier, in August 2011, Anadarko discovered light oil at the Akasa-1 exploration well on the West Cape Three Points Block offshore Ghana. The offshore well encountered 108 net feet (33 meters) of high-quality oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Union Pacific Exits 2011 On A High Posted: 19 Jan 2012 10:55 AM PST Before the opening bell, the U.S. railroad giant Union Pacific Corp. (NYSE:UNP) reported its fourth quarter fiscal 2011 adjusted earnings of $1.99 per share, surpassing the Zacks Consensus Estimate of $1.81 as well as the year-ago earnings of $1.56. Better-than-expected earnings were on the back of increased prices and more cargo hauling. Fiscal 2011 adjusted earnings shot up 22% to $6.72 from a year ago, representing the most profitable year in the company's history. The U.S. railroads are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: “Financial Sector…will Be Volatile” Posted: 19 Jan 2012 05:50 AM PST 01/19/12 Meridian Equity Partners’ Stephen Guilfoyle discusses the latest earnings reports from the financial sector, crude oil prices and technical levels for the S&P … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amend2012 Posted: 19 Jan 2012 10:31 AM PST … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

P&G’s Gillette Helps Sport Whiskers Posted: 19 Jan 2012 10:25 AM PST Procter & GambleCompany's (NYSE:PG) Gillette takes a different path than it traveled so long and decides to woo the men who sport their facial hair apart from those who prefer to remain clean shaven. Based in Massachusetts, P&G offers a new gadget called Gillette Fusion ProGlide Styler, which combines the trimming expertise of Braun Gillette's most advanced blade technology. The new gadget is equipped with a narrow trimmer to guide through tight spots, a Fusion ProGlide razor, three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sugar Surpluses On The Way Out? Posted: 19 Jan 2012 10:19 AM PST Thursday, January 19, 2012 The current Sugar surpluses may be on the way out, replaced with a supply shortage in the future. Growing conditions remain an unknown, but food and ethanol demand is on the rise, suggesting conditions would have to be ideal to meet 2012/2013 demand. Technically, the March Sugar contract appears to have found a bottom, but the market has yet to catch upward momentum. Traders may look to enter into a bullish to neutral trade, such as a short March 22.50 put position at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Insider Trading Is Rampant And Routine” Posted: 19 Jan 2012 10:15 AM PST As much as Wall Street is the center of the financial services industry it is really a simple business that revolves around people and information. That basic reality makes this business so fascinating. The personalities, the pace, the flow of data, and ultimately the interaction between counterparties makes everyday a fascinating experience. In order for Wall Street to thrive, though, and for our markets and economy to prosper there needs to be a premise of fair dealing on a level playing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gentiva Upgraded To Neutral Posted: 19 Jan 2012 10:10 AM PST We have upgraded our recommendation on Gentiva Health Services Inc. (NASDAQ:GTIV)  to 'Neutral' on the back of a strong revenue growth trend, leading market position, elimination of lower margin business and growth from specialty programs. However, the optimism was curbed by the weak cash position and rising expenses. Gentiva reported its third-quarter operating earnings of $8.3 million or 27 cents per share, lagging behind the Zacks Consensus Estimate of 48 cents. The income also compares … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Adds To Gains On Bullish Sentiment Posted: 19 Jan 2012 10:08 AM PST Forexpros – bsp;- The euro advanced against the U.S. dollar Thursday, as successful French and Spanish bond auctions increased the euro bullish sentiment on the session EUR/USD hit a low of 1.2840 during U.S. trade. The pair hit a high of 1.2939 and is currently trading at 1.2922, up 0.45%. The pair was likely to find support at 1.2733, Wednesday’s low and technical resistance exists at 1.2946, the high of January 5th. The single currency gained strength as yields fell on all maturities as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACAS Offloads CIBT Solutions Posted: 19 Jan 2012 09:55 AM PST On Tuesday, American Capital Ltd. (NASDAQ:ACAS) announced the divesture of its portfolio company CIBT Solutions Inc. (CIBT). The unit was acquired by ABRY Partnersin mid-December 2011 for $215 million. CIBT leads globally in providing advanced travel document processing services.  Operating in North America, Europe and Asia, the company provides services to multinational corporations, global travel management companies, tour and cruise operators, government agencies and Do-It-Yourself … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks To Brew In India By 2H12 Posted: 19 Jan 2012 09:55 AM PST Starbucks Corporation (NASDAQ:SBUX) is set to open its first outlet in India jointly with Tata Global Beverages by the second half of this year. A year back, Seattle based Starbucks, the major player in coffee retail, entered into an agreement with Asia's largest publicly traded coffee grower, Tata Coffee Ltd.   As per the agreement, Starbucks got the right to procure coffee beans from India and engage in sourcing and roasting of beans while exploring the possibility of opening outlets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Strong Spanish & French Debt Auction Lifts Euro Above $1.29 Posted: 19 Jan 2012 09:45 AM PST 01/19/12 The euro rally continued this morning, trading above $1.29 against the greenback after a series of successful debt auctions in Spain and France while US jobs data improved as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Stocks Climb On Bond Auctions, U.S. Data; DAX Up 0.97% Posted: 19 Jan 2012 09:45 AM PST Forexpros – European shares booked 4 straight days of gains Thursday, on Spanish and French bond auctions as well as positive U.S. employment numbers. After the close of European trade, the EURO STOXX 50 surged 1.86%, France’s CAC 40 rocketed 1.96%, while Germany’s DAX advanced 0.97%. Meanwhile, in the U.K. the FTSE 100 climbed 0.68%. Yields fell on all maturities as Spain auctioned EUR7.97billion of two, three, and four year notes in its first sale of medium and long term debt since losing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McGraw-Hill Boosts Investor’s Wealth Posted: 19 Jan 2012 09:35 AM PST The McGraw-Hill Companies Inc. (NYSE:MHP), a publisher and provider of financial information and media services, recently broke the news of a dividend increase, reflecting its plan of utilizing its free cash to enhance shareholders' return, thereby boosting investors' confidence in the stock. Up Goes Dividend New Yorkbased company, McGraw-Hill, stated a hike in its quarterly dividend by 2% to 25.5 cents from 25 cents a share. The increased dividend will be paid on March 12, 2012, to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls To 100 Hour MA /50% Retracement. Philadelphia Fed Index Awaited. Posted: 19 Jan 2012 09:22 AM PST The EURUSD fell below trendline and then the 38.2% retracement as it moved to the 100 bar and 50% retracement of the days range. The range remains narrow for the pair.  The market is subject to headline news from Greece.  This keeps the market on edge.  The Philadelphia Fed Index is due out at 10 AM. Expectations are for a rise to 10.3 from 6.8 last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDJPY Moves Above 100 Hour MA Posted: 19 Jan 2012 09:22 AM PST The USDJPY has moved above the 77.17 level which is the 100 day MA.  The price has been there before this month and failed. The move back higher is positive news for those waiting for a move higher.  The ranges have been extremely narrow this month with the high for the month at 77.33 and the low being 76.54.  The move today has paused at that high. Needless to say, a move above the month high opens the upside. A move below the 100 day MA, disappoints. The bulls are in charge. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Finds Some Buyers To Power Forward Off Support Posted: 19 Jan 2012 09:22 AM PST The EURUSD extended down to trendline support on the hourly chart and also the 61.8% of the days range and found some buyers. The less liquid conditions in the market have given the pair a boost with the old high for the day being taken out at the 1.2924 level. This area will be eyed as close support to see if the buyers can keep the pressure on and power forward.  If the level holds look for increased buying as traders welcome the directional bias. It may not last long but remember, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Polycom, Inc. Posted: 19 Jan 2012 09:11 AM PST Polycom, Inc. (PLCM) is scheduled to release its fourth quarter 2011 results on Monday, January 23, after the closing bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 21 cents, representing an annualized growth of 2.5%. With respect to earnings surprises over the trailing four quarters, Polycom missed the Zacks Consensus Estimate in two of the last four quarters but surpassed the same in the remaining two with an average earnings surprise of 4.59%. Third Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sallie Mae Beats Estimate Posted: 19 Jan 2012 09:11 AM PST SLM Corp. (NYSE:SLM), better known as Sallie Mae, reported fourth-quarter 2011 core earnings of $268 million or 51 cents per share, a penny above the Zacks Consensus Estimate. However, the results compare unfavorably with the prior-year quarter's core earnings of $401 million or 75 cents per share. For full year 2011, Sallie Mae reported core earnings of $977 million or $1.83 per share, in line with the Zacks Consensus Estimate but below the prior year earnings of $1.03 billion or $1.92 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hasbro’s Prelim Results Disappoint Posted: 19 Jan 2012 09:11 AM PST Hasbro Inc.(NYSE:HAS), engaged in the design, manufacture and marketing of games and toys, recently announced preliminary results for the fourth quarter and fiscal 2011 results. The company expects to report revenues of $1.33 billion, up 4.0% year over year for the upcoming fourth quarter of 2011. Hasbro's sales result during the crucial holiday season was below expectation as consumer spending continued to remain sluggish, resulting in lower demand in the United States and Canada after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UNH Increases Rev, Gains Members Posted: 19 Jan 2012 09:11 AM PST UnitedHealth Group Inc. (NYSE:UNH) has kicked off the earnings today for the health insurance sector by reporting fourth quarter earnings of $1.17 per share, substantially higher than the Zacks Consensus estimate of $1.02. Earnings also compared favorably with 94 cents per share reported in the prior-year quarter. The outperformance was driven by strong revenue growth from UnitedHealthcare, as well as from the Optum businesses, partially offset by higher medical cost. For the full year, net income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Schlumberger Posted: 19 Jan 2012 09:11 AM PST The world's largest oilfield services provider Schlumberger Ltd. (NYSE:SLB) is scheduled to report its fourth quarter and full year 2011 results on January 20, 2012, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.10 per share on revenues of $10.8 billion. For the full year, our earnings per share projection is $3.65 on revenues of $39.4 billion. Third Quarter 2011 Recap Schlumberger's third-quarter 2011 results were lower than expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yahoo Co-Founder Yang Resigns Posted: 19 Jan 2012 09:11 AM PST Yahoo! Inc. (NASDAQ:YHOO) announced the resignation of its co-founder Jerry Yang from its board of directors as well as other positions within the company. Yang will no longer be on the boards of Yahoo Japanor Alibaba Group Holding Ltd. The 43 year old Jerry Yang, who served the company for more than 17 years, resigned at a time when the company is struggling to compete with Google Inc. (NASDAQ:GOOG) and Facebook Inc. for online users and advertising dollars.  The company's announcement comes on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ruby Tuesday CFO To Resign Posted: 19 Jan 2012 09:11 AM PST The casual dining restaurant operator Ruby Tuesday Inc. (NYSE:RT) recently announced that its Chief Financial Officer (CFO) Marguerite N. Duffy has decided to step down from her position, effective June 5, 2012. Duffy joined the Maryville, Tennessee-based company in August 1990 and was named the Chief Financial Officer in June 2001. Ms. Duffy had earlier served as the Vice President and Operations Controller of the company from October 1999 to May 2001 and also held various other accounting and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Morgan Stanley Tops Ests, Rev Falls Posted: 19 Jan 2012 09:11 AM PST Morgan Stanley's (NYSE:MS) fourth-quarter 2011 loss from continuing operations came in at 14 cents per share. This includes 59 cents loss related to MBIA Inc. (NYSE:MBI) settlement charges. Excluding these charges, Morgan Stanley reported a profit of 45 cents per share, way ahead of the Zacks Consensus Estimate loss of 58 cents. The company had earned 44 cents from continuing operations in the year-ago quarter. For the full year 2011, Morgan Stanley recorded income from continuing operations of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BofA Disappoints, But Striving Hard Posted: 19 Jan 2012 09:11 AM PST Bank of America Corporation (NYSE:BAC) reported fourth quarter earnings of 15 cents per share, substantially lower thanthe Zacks Consensus Estimate of 23 cents. However, this compares favorably with the loss of 16 cents in the prior-year quarter. The sale of non-core assets and accounting gains made it possible for the company to remain profitable. Results for the quarter benefited from significant pre-tax gains from certain non-recurring items including the sale of a stake in China Construction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EHR: A Promising Proposition Posted: 19 Jan 2012 09:11 AM PST Of late, the Electronic Health Record (EHR) market has been witnessing a number of activities. The latest being Quest Diagnostics' (NYSE:DGX) decision to offer Care360, its EHR at a subsidized rate. The company, as a part of its sales effort, adopted "Quest Diagnostics Grant program" under which it expects to provide a discount of 85% on its Care360 compared to its retail price to the eligible physician practice. This offer will be valid from January 23 till 2012 end.  Under the grant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EBay Guides Above Estimates Posted: 19 Jan 2012 09:11 AM PST eBay Inc. (NASDAQ:EBAY) reported third quarter earnings of 33 cents, including share-based compensation. Earnings excluding SBC came in at 60 cents, better than the Zacks Consensus of 55 cents. Shares appreciated 2.44% in after-hours trading. The quarter was a good one for eBay, helped by holiday-driven demand and the impact of recent acquisitions was also positive. The Payments segment and mobile platforms remain the high points. Revenue Gross revenue of $3.38 billion was up 14.0% sequentially and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Regency Centers Reaches New York Posted: 19 Jan 2012 09:11 AM PST Regency Centers Corporation (REG) recently completed the acquisition of Lake Grove Commons, in New York with its co-investment partner First Washington Realty, Inc for $72.5 million. The 141,382 square foot property is located in Long Island. Lake Grove Commons is a Class A property strategically located at the intersection of New Moriches Road and US 347 with superior visibility owing to its proximity to the super-regional shopping center Smith Haven Mall. With this transaction, Regency marked … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

VRSN Targets Internet Infrastructure Posted: 19 Jan 2012 09:11 AM PST Recently announced, Verisign, Inc. (NASDAQ:VRSN) has decided to steer its focus toward Internet infrastructure developments for worldwide online users targeting primarily the emerging sectors. The company hopes to go about its expansionary plan by investing in a grant program for conducting thorough research on mainly the infrastructural, security and accessibility aspects of the Internet. It even plans to motivate high quality research by awarding two grants in July 2012, worth $200,000 each to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwest Beats On Strong Top Line Posted: 19 Jan 2012 09:11 AM PST Before the opening bell, Southwest Airlines Co. (NYSE:LUV), a low-cost airline carrier in the US, declared its fourth quarter 2011 adjusted earnings of 9 cents per share. The quarter's results beat the Zacks Consensus Estimate by a couple of cents but remained below the year-ago level of 15 cents, owing to the positive impact of fuel hedging, which offset the rise in fuel price. For fiscal 2011, adjusted earnings decreased 41.9% year over year to 43 cents from 74 cents in the year ago period. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bristol-Myers/AstraZeneca Get CRL Posted: 19 Jan 2012 09:11 AM PST Recently, Bristol-Myers Squibb (NYSE:BMY) and partner AstraZeneca (NYSE:AZN) suffered a pipeline setback when the US Food and Drug Administration (FDA) declined to approve their type II diabetes candidate, dapagliflozin, on the basis of the submitted data. Bristol-Myers and Astra Zeneca are seeking approval of the drug as an adjunct to diet and exercise for improving glycemic control in adults suffering from type II diabetes. The US regulatory body issued a complete response letter (CRL) to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HCP Prices Unsecured Notes Posted: 19 Jan 2012 09:11 AM PST HCP Inc (HCP) recently announced the pricing of $450 million of 3.75% senior unsecured notes, scheduled to mature in 2019. The transaction is expected to generate net proceeds of approximately $443.7 million. HCP expects to utilize the proceeds to repay the debt under its revolving credit facility and for general corporate purposes. The offering is slated to close on January 23, 2012. HCP has a conservative approach toward financial management given its active debt-to-equity management, coupled … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmEx, Lianlin Tie Up Posted: 19 Jan 2012 09:11 AM PST Yesterday, American Express Co. (NYSE:AXP) (AmEx) announced its collaboration with China's mobile phone company – Lianlin Group – so that the latter can now use AmEx's Serve technology in China. Serve is AmEx's next generation technology that aids eCommerce through the products and services that the mobile and card companies develop. Accordingly, through this partnership, Lianlin has acquired the licence to use AmEx's Serve. The alliance is an extended relationship management between … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank Of Serbia Cuts Repo Rate 25bps To 9.50% Posted: 19 Jan 2012 08:58 AM PST The National Bank of Serbia cut its 2-week repo rate by another 25 basis points to 9.50% from 9.75% previously.  The Bank said: ”Inflation stayed on a downward path, ending 2011 somewhat lower than expected by the National Bank of Serbia, mainly due to the one-off effect of methodological changes in the calculation of fruit and vegetable prices. Inflation is expected to continue down and possibly undershoot the target tolerance band at the end of the first quarter. A part of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philippines Central Bank Cuts Rate 25bps To 4.25% Posted: 19 Jan 2012 08:44 AM PST The Bangko Sentral ng Pilipinas cut its overnight borrowing rate 25 basis points to 4.25% from 4.50% and the overnight lending rate to 6.25% from 6.50% previously.  The Bank said: “the inflation outlook remains comfortably within the target range, with expectations well-anchored. Latest baseline forecasts indicate that average annual inflation rates are likely to fall within the lower half of the 3-5 percent target range up to 2013. Pressures on global commodity prices are seen … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wall Street Gains On Earnings Posted: 19 Jan 2012 08:40 AM PST 01/19/12 US markets edged higher the latest earnings from BAC and MS. US data came in mixed: jobless claims fell to 2008, housing starts slipped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Dollar Remains Lower On Improved Risk Appetite Posted: 19 Jan 2012 08:19 AM PST Forexpros – The U.S. dollar remained lower against almost all of its major counterparts on Thursday, as market sentiment remained supported by hopes that Greece was nearing a debt-restructuring deal with its creditors. During U.S. morning trade, the dollar was lower against the euro, with EUR/USD up 0.24% to hit 1.2895. Greek Prime Minister Lucas Papademos was due to meet representatives for the country's creditors later in the day to discuss the latest proposal for a bond swap. The euro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures Hold Gains After U.S. Supply Drop Posted: 19 Jan 2012 08:09 AM PST Forexpros – Crude oil futures held on to gains on Thursday, after government data showed U.S. crude supplies declined unexpectedly last week and after a report showing that U.S. jobless claims fell to an almost four-year low last week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March traded at USD101.22 a barrel during U.S. morning trade, gaining 0.42%. It earlier rose by as much as 1.5% to trade at a one-week high of USD102.23 a barrel. Crude prices … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sands Cotai Central To Open Between March 22 And 27 Posted: 19 Jan 2012 07:55 AM PST The first phase of Sands Cotai Central is on schedule "to open between March 22 and 27," wrote HSBC Global Research's analyst Sean Monaghan in an investors note released this week. He added the property "will progressively complete over the next 18 months." Mr Monaghan estimated Sands China Central will comprise 28 percent of Sands China Ltd. 2013 earnings before interest, taxes, depreciation and amortisation. The project's first phase is set to open in the first quarter of this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Falls To Lowest Since March 2002 After Supply Report Posted: 19 Jan 2012 07:47 AM PST Forexpros – Natural gas futures plunged again on Thursday, trading at the lowest level since March 2002 as concerns over elevated inventory levels lingered after the U.S. Energy Information Administration said that natural gas inventories declined modestly last week. On the New York Mercantile Exchange, natural gas futures for delivery in February traded at USD2.383 per million British thermal units during U.S. morning trade, plunging 3.6%. It earlier fell by as much as 4.9% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Remains Higher After U.S. Data Posted: 19 Jan 2012 07:34 AM PST Forexpros – The pound remained higher against the U.S. dollar on Thursday, after a string of mainly upbeat U.S. data while investors remained focused on the outcome of fresh Greece bailout talks. GBP/USD hit 1.5465 during U.S. morning trade, the pair's highest since January 11; the pair subsequently consolidated at 1.5463, adding 0.15%. Cable was likely to find support at 1.5395, the low of January 9 and resistance at 1.5500, the high of January 10. Sentiment was mildly supported after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Trims Gains As Market Sentiment Softens Posted: 19 Jan 2012 07:30 AM PST Forexpros – The euro trimmed gains against the U.S. dollar on Thursday, pulling back from a two-week high as the single currency remained vulnerable as investors eyed the outcome of fresh negotiations aimed at restructuring Greece's debts. EUR/USD pulled back from 1.2926, the pair's highest since January 5, to hit 1.2887 during U.S. morning trade, still up 0.17% on the day. The pair was likely to find support at 1.2733, Wednesday's low and short-term resistance 1.2946, the high of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IJ Wages New Fight For Economic Justice In MN Posted: 19 Jan 2012 07:21 AM PST Institute for Justice — “The video above features the story of Verlin Stoll, a 27-year-old entrepreneurial dynamo who owns Crescent Tide Funeral and Cremation in Saint Paul, Minnesota. Verlin has built a successful business because he offers low-cost funerals (cremations from $750 and funerals with burials from $1,650) while providing high-quality service. His business is also one of the only funeral homes that benefits low-income families who cannot afford the high prices of the big … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Philly Fed Manufacturing Index Weaker-than-expected Posted: 19 Jan 2012 07:07 AM PST Forexpros – Manufacturing activity in the Philadelphia-region expanded at a slower rate than expected in January, official data showed on Thursday. In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index worsened by 3.0 points to 7.3 in January from November's reading of 10.3. Analysts had expected the index to improve by 0.7 points to 11.0 in January. On the index, a reading above 0.0 indicates improving conditions, below indicates worsening … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Rallies On Successful Debt Auction, Job Improvements Posted: 19 Jan 2012 02:00 AM PST 01/19/12 Energy prices rose to touch above $102 a barrel this morning following a round of strong debt auctions in Spain and France while jobless claims came in way … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Stocks Higher On Data, Earnings Reports; Dow Jones Up 0.10% Posted: 19 Jan 2012 06:55 AM PST Forexpros – U.S. stocks were higher on Thursday, boosted by gains in the financial sector after positive earnings results and as sentiment remained supported after a string of relatively upbeat U.S. economic data. During early U.S. trade, the Dow Jones Industrial Average rose 0.10%, the S&P 500 index advanced 0.26%, while the Nasdaq Composite index climbed 0.45%. Official data showed earlier that the number of people who filed for unemployment assistance in the U.S. last week declined … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Near 1-month Low On Better Risk Appetite Posted: 19 Jan 2012 06:49 AM PST Forexpros – The U.S. dollar was trading close to a one-month low against its Canadian counterpart on Thursday, as an improved outlook for the euro zone and a larger-than-forecast drop in U.S. jobless claims boosted risk appetite. USD/CAD hit 1.0071 during early U.S. trade, the pair's lowest since December 8; the pair subsequently consolidated at 1.0087, shedding 0.23%. The pair was likely to find support at 1.0051, the low of December 8 and resistance at 1.0126, the session high. Market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Thursday Morning Links Posted: 19 Jan 2012 06:45 AM PST 1. A free market for wheat comes to Canada for the first time since 1943 as the Canadian Wheat Board’s end its 69-year grain monopoly.   2. TurboTax Goes Mobile: you can now prepare and file your income taxes with a mobile device. 3. Auto industry goes on a U.S. hiring binge. 4. Manufacturing employment has grown faster in the U.S. than in any other leading developed economy since the start of the recovery, as productivity gains and subdued pay rises raise hopes for an American … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Turns Lower After U.S. CPI Data, Greece Talks In Focus Posted: 19 Jan 2012 06:40 AM PST Forexpros – Gold futures erased gains on Thursday, easing off a five-week high following the release of tame U.S. inflation data and a report showing that U.S. jobless claims fell to an almost four-year low, while markets remained focused on Greece bailout talks. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at USD1,654.45 a troy ounce during early U.S. morning trade, shedding 0.33%. It earlier rose by as much as 0.85% to trade at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Currencies Continue Rebound; Will Market Test EUR/CHF Floor? Posted: 19 Jan 2012 06:34 AM PST Fundamental Headlines • Falkland Islands Oil Could Triple U.K. Reserves – Bloomberg • S&P 500 Rallying Most since 1987 as Fed Helps Offset Europe – Bloomberg • Iran Warns Region against Stance on Hormuz – Reuters • Australia Cheers, Jeers Jobs Data – WSJ • Greece, Creditors Set to Resume Talks – WSJ European Session Summary Trading in Asia and Europe was notably more active than the previous day, but overall, a trend has been in place since the start of the year. What … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

It’s Time To Pull The Taxpayer Plug For Electric Cars Posted: 19 Jan 2012 06:29 AM PST From my editorial in today’s Detroit News: The case for subsidizing electric cars was questionable from the start and is now a boondoggle. Like many green initiatives promoted by the government and paid for by the American taxpayers, the electric car is more politically than performance or economically driven. Its subsidies and the government-imposed green energy mandates are contrary to the free market principles that undergird our economy. What emerges most forcefully from experience with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/JPY Extends Gains As Sentiment Improves Posted: 19 Jan 2012 06:22 AM PST Forexpros – The euro extended gains against the yen on Thursday, as market sentiment strengthened amid fresh hopes on measures to address the debt crisis in the euro zone and after a raft of broadly better-than-expected U.S. data. EUR/JPY hit 99.26 during European afternoon trade, the pair's highest since January 5; the pair subsequently consolidated at 99.13, gaining 0.31%. The pair was likely to find support at 97.67, Wednesday's low and resistance at 100.24, the high of January … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

European Stocks Jump On France, Spain Bond Sale Posted: 19 Jan 2012 01:15 AM PST 01/19/12 European stocks were rising for a fourth day as Spain and France sold bonds at lower yields while jobless claims improved well … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Almost Unchanged After U.S. Data Posted: 19 Jan 2012 06:03 AM PST Forexpros – The U.S. dollar was almost unchanged against the yen on Thursday, after a flurry of relatively positive U.S. data while markets remained focused on Greece bailout talks. USD/JPY hit 76.78 during European afternoon trade, the daily high; the pair subsequently consolidated at 76.85, easing up 0.03%. The pair was likely to find support at 76.64, the low of January 18 and resistance at 77.00, the high of January 9. Official data showed earlier that the number of people who filed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Initial Jobless Claims Drop To Lowest Since April 2008 Posted: 19 Jan 2012 05:52 AM PST Forexpros – The number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly, dropping to the lowest level in nearly four years, 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 13 fell by 50,000 to a seasonally adjusted 352,000 from 402,000 in the preceding week, whose figure was revised up from 399,000. Analysts had expected U.S. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

You are subscribed to email updates from DailyMarkets.com To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610