Tuesday, February 28, 2012

DailyMarkets.com - Continental Airlines OnePass Card To Be Replaced By United MileagePlus Explorer Credit Card

DailyMarkets.com - Continental Airlines OnePass Card To Be Replaced By United MileagePlus Explorer Credit Card


Continental Airlines OnePass Card To Be Replaced By United MileagePlus Explorer Credit Card

Posted: 28 Feb 2012 06:50 AM PST

As you may know, Continental and United Airlines (UAL) merged in 2011 to create one single airline company to cut costs and be more competitive in the market. This big change and merger between both companies will officially be finalized on March 2nd 2012 when Continental's last plane will take off, and the official airline name will be United Airlines.

Because Continental will stop existing as an airline, with United Airlines taking its place, the Continental OnePass card will cease to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Chopping Around After Weaker Durables

Posted: 28 Feb 2012 06:23 AM PST

The EURUSD has been chopping around after the weaker Durables data. The price has support at the 1.3435 and resistance at 1.3455. The range for the EURUSD is narrow today at 72 pips. This leaves the door open for an extension of the range in NY … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Forex Trading: EURUSD Falls Post Housing Data But Holds Intraday Support

Posted: 28 Feb 2012 06:23 AM PST

The EURUSD fell on the Case Schiller data (risk off) but the buyers showed up against the 50% of the days range and the 200 bar MA on the 5 minute chart. The  last intraday lows were also at the level.  Activity remains two way it seems for the pair as the market awaits the LTRO tomorrow. The 100 bar MA is at 1.3441. Traders will watch this level for intraday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Jack Exceeds By A Penny

Posted: 28 Feb 2012 06:06 AM PST

Jack in the Box Inc. (JACK) recently posted first quarter 2012 adjusted earnings of 25 cents per share, which surpassed the Zacks Consensus Estimate by a penny. Reported earnings, however, deteriorated from the year-ago quarter earnings of 61 cents per share. However, excluding gains from refranchising, earnings per share were 25 cents compared with 27 cents in the year-ago period.
Quarter Performance
During the quarter, total revenue dipped 1.8% year over year to $652.7 million. The decline … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Earnings Beat At Endo Pharma

Posted: 28 Feb 2012 05:50 AM PST

Endo Pharmaceuticals' (NASDAQ:ENDP) fourth quarter 2011 earnings (excluding special items) of $1.40 per share surpassed the year-ago earnings by 34 cents and the Zacks Consensus Estimate by 8 cents. The impressive showing was attributable to the higher revenues reported in the final quarter of 2011.
The Fourth Quarter in Details
Revenues climbed 57% to $803.4 million in the reported quarter. The revenue increase was attributable to impressive performances across all segments at Endo Pharma. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


SINA Misses Estimates In 4Q

Posted: 28 Feb 2012 05:40 AM PST

SINA Corp. (SINA) reported fourth quarter 2011 earnings of 13 cents per share missing the Zacks Consensus Estimate by 3 cents. Reported earnings also decreased a whopping 68.7% year over year primarily due to margin contraction. Earnings in the quarter exclude one-time items but include stock-based compensation charges.
Quarter Details
Total revenue (excluding deferred revenue) increased 22.5% year over year to $128.7 million in the reported quarter, slightly above the low-end of management's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


VNO’s Reported FFO Beats Estimates

Posted: 28 Feb 2012 05:21 AM PST

Vornado Realty Trust (NYSE:VNO), a leading real estate investment trust (REIT), reported fourth quarter 2011 FFO (funds from operations) of $280.4 million or $1.46 per share, versus $432.9 million or $2.27 per share in the year-earlier quarter. Fund from operations, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
The reported FFO per share during fourth quarter 2011 surpassed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Metals Prices Rise On ECB LTRO Hopes, Crude Oil Underperforms

Posted: 28 Feb 2012 12:15 AM PST

Talking Points

Copper Gains on Risk Appetite Recovery Ahead of ECB LTRO Outcome
Gold, Silver Find Support as Fading Safety Demand Weighs on US Dollar
Crude Oil Underperforms Amid Correction of Overbought Positioning

Metals are on the upswing in European trade amid a recovery in risk appetite. Optimism appears driven by hopeful expectation ahead of the outcome of the second 3-year ECB long-term refinancing operation (LTRO). Median forecasts call for a take-up of €470 billion this time around … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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