Monday, February 27, 2012

DailyMarkets.com - MasterCard, Telefonica Join Forces

DailyMarkets.com - MasterCard, Telefonica Join Forces

MasterCard, Telefonica Join Forces

Posted: 27 Feb 2012 10:07 AM PST

Last week, MasterCard Inc. (NYSE:MA) and Telefónica S.A. (NYSE:TEF) announced its joint venture (JV) under the corporate name – Wanda with tagline "Your Mobile Money". This reflects one more step taken by the company toward boosting its mobile commerce (mCommerce) vigorously.
MasterCard had formed a JV with Brazil-based telecom operator Telefónica in November last year with the objective to penetrate emerging markets. The JV will be owned by both the parties equally.
Accordingly, Wanda has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

More Contracts To Jacobs’ Kitty

Posted: 27 Feb 2012 09:50 AM PST

Continuing with the success of the company's business model, Jacobs Engineering Group Inc. (NYSE:JEC) announced strategic contract wins– targeted toward sustained growth and expansion for the future ahead.
The company has recently been awarded a task order under the GSA (U.S. General Services Administration) Alliant Contract by the Secretary of the Air Force/ Financial Management, Air Force Financial Systems Operations (SAF/FMP AFFSO) at Wright-Patterson Air Force Base (WPAFB) in Dayton, Ohio. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

OmniVision Beats Despite Weak Demand

Posted: 27 Feb 2012 09:35 AM PST

OmniVision Technologies' (NASDAQ:OVTI) earnings of 4 cents for the fiscal third quarter (ending January 2012) were better than the Zacks Consensus Estimate of 0 cents.
Total Revenue
OmniVision's reported revenue of $185.2 million was down 15.0% sequentially, down 30.3% over the prior year and slightly better than management's guidance range of $160-180 million (down 17-27% sequentially).
Total unit sales were down 6.5% sequentially to 143 million, while the blended ASP dropped 9.1% to $1.30. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BlackRock Boosts Shareholder Value

Posted: 27 Feb 2012 09:35 AM PST

Last week, BlackRock Inc. (NYSE:BLK) announced a 9% increase in its quarterly cash dividend to $1.50 per share. The dividend will be paid on March 23, 2012 to the stockholders of record as of March 7, 2012.
BlackRock has been consistent in enhancing shareholder value through dividend hikes. Since 2005, the company has increased its quarterly dividend by nearly 500% from 30 cents per to the current level.
Last year, BlackRock had increased its quarterly cash dividend from $1.00 per share to $1.375. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Telephone And Data Reports Loss

Posted: 27 Feb 2012 09:26 AM PST

Telephone and Data Systems Inc. (NYSE:TDS) has reported fourth quarter loss per share of 6 cents per share, far below the Zacks Consensus Estimate of 29 cents earnings per share. Results also deteriorated from 12 cents per share earned in the year-ago quarter.
The quarterly earnings were impacted by a $7.2 million expense related to share consolidation as well as $6 million in tax-related adjustments
For the full year, the company generated earnings per share of $1.83 compared to $1.31 a year ago. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southern Union Tops Estimates

Posted: 27 Feb 2012 09:26 AM PST

Southern Union Company (NYSE:SUG) reported fourth quarter and fiscal 2011 results. In the fourth quarter, adjusted earnings were 57 cents per share versus the prior-year figure of 53 cents. Earnings were a penny above our expectation.
Some mark-to-market gains, partially offset by merger related expenses, resulted in a net gain of approximately 3 cents per share in the quarter under review. Including this GAAP EPS was 61 cents compared with 45 cents in the year-ago period.
In the fiscal year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Approaches The 100 Hour MA Resistance Target

Posted: 27 Feb 2012 09:22 AM PST

The 1.3409 level  is the 100 hour MA . The 38.2% of the last trend leg down comes in at the 1.3403 level.  The price is testing the 38.2% with the 100 hour MA not far away.  A break above these levels is needed to wrestle some control away from the bears today.
The EURUSD may be influenced by the German vote on the Greek bailout today.  That vote is expected later this morning. The German PM Angela Merkel has expressed her desire to pass the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: GBPUSD Falls From 200 Day MA. Tests Retracement Support

Posted: 27 Feb 2012 09:22 AM PST

Friday, the GBPUSD squeezed sharply higher and closed just short of the 200 day MA. Today the price opened right at the key technical level and could not gather any momentum to take the price above the level. That 200 day MA came in at 1.5902 and the high for the day reached 1.5899.
The price has moved lower and testst he 38.2% of the sharp move higher on Friday. That level comes in a thte 1.5829. The low has tested that level on 3 separate hourly bars today including the current bar. A move … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Cellular Reports Below Par

Posted: 27 Feb 2012 09:21 AM PST

United States Cellular Corp. (NYSE:USM), a subsidiary of Telephone and Data Systems Inc. (NYSE:TDS) has reported fourth quarter 2011 earnings per share of 3 cents, missing  the Zacks Consensus Estimate of 23 cents. Earnings also plunged 66.7% from 9 cents in the year-ago period due to $6.1 million tax adjustments that increased tax-related expenses for the quarter.
Net income attributable to shareholders also decreased 64.1% year over year to $2.8 million in the reported quarter.
For the full … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Berkshire Suffers From Insurance Biz

Posted: 27 Feb 2012 09:21 AM PST

Berkshire Hathaway Inc. (BRK.A) (BRK.B) reported its fourth quarter 2011 operating earnings of $1.08 per share, which marks a year-over-year decline of 11%. The underwriting losses suffered by the company's Insurance business, on account of the catastrophes, resulted in the decline in earnings.
However, the results were aided by strong performance from other business units – BNSF, Iscar, Lubrizol, Marmon Group and MidAmerican Energy.
However, on a GAAP basis, net income came in at $4.14 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stone Energy Beats On Price

Posted: 27 Feb 2012 09:11 AM PST

Stone Energy Corp. (NYSE:SGY) has reported fourth-quarter 2011 earnings of 93 cents per share, outpacing the Zacks Consensus Estimate of 81 cents and almost doubling from the year-earlier profit of 49 cents. The outperformance was mainly aided by overall higher price realization. The purchase of the majority of working interest in the deep water Pompano field also contributed to the increase.
Total operating revenue improved 30.0% year over year to $222.7 million in the quarter from the year-ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Auxilium Misses 4Q Estimates

Posted: 27 Feb 2012 09:01 AM PST

Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) reported a fourth quarter loss of 25 cents per share, well below the year-ago loss of 34 cents. Fourth quarter 2011 loss, however,  was well above the Zacks Consensus Estimate of a loss of 16 cents. Revenues, which increased 19% to $73.3 million, were just shy of the Zacks Consensus Estimate of $74 million.
Full year loss was 69 cents, well below the year-ago loss of $1.08 per share. However, 2011 loss was higher than the Zacks Consensus Estimate of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Salesforce.com Inc, Crocs, Kenneth Cole Productions, Wellcare Group

Posted: 27 Feb 2012 09:01 AM PST

    Salesforce.com (NYSE:CRM) soared 9% to $143.64 after its earnings came in above expectations

    Following an announcement that Chairman of Kenneth Cole Productions (NYSE:KCP) would be taking the company private, shares of the company jumped 18.5% to $15.49

    Shares of Wellcare Healthcare Plans (NYSE:WCG) soared 5.9% to $71.10 following the removal of a major hurdle to a legal settlement

    Shares of Crocs Inc. (NASDAQ:CROX) plunged 5% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

G-20 And What Else To Expect This Week

Posted: 27 Feb 2012 09:01 AM PST

The weekend meeting of finance officials from the Group of 20 (G-20) countries deferred a decision on further strengthening the IMF's financial contribution to the ongoing European rescue effort. The group wants Europe to take the lead on strengthening the Euro-zone rescue fund before it will do its part.

European leaders will be discussing the creation of a permanent rescue fund this week, but a final decision on that front will take some time to hammer out. The pressing issue in Europe … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP To Face GoM Trial A Week Later

Posted: 27 Feb 2012 09:01 AM PST

BP Plc (NYSE:BP) and Plaintiffs' Steering Committee (PSC) reported that the trial to decide on who should reimburse for the 2010 Gulf of Mexico oil spill has been postponed by one week, to Monday, March 5, 2012.
The delay is expected to give BP and PSC more time to discuss and settle matters. PSC embodies a group synchronizing the efforts of around 90 law firms on behalf of a condominium of owners, fishermen, hoteliers, restaurateurs and others damaged by the April 20, 2010 explosion of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Greatbatch’s EPS Meets, Net Tanks

Posted: 27 Feb 2012 09:01 AM PST

Greatbatch's (NYSE:GB) fourth-quarter fiscal 2011 adjusted (excluding one-time items) earnings per share of 39 cents came in line with the Zacks Consensus Estimate and trailed the year-ago adjusted earnings of 46 cents.
Profit (as reported) tumbled 59% year over year to roughly $5.6 million (or 24 cents a share). The New York-based company's profits in the year-ago quarter were boosted by a $9.5 million gain stemming from the settlement of a lawsuit related to its Electrochem unit.
For the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Caribou A Penny Ahead, Outlook Same

Posted: 27 Feb 2012 09:01 AM PST

Caribou Coffee Company, Inc. (NASDAQ:CBOU), the second largest premium coffeehouse operator in the United States, posted adjusted earnings of 14 cents per share in the fourth quarter of 2011, exceeding both the Zacks Consensus Estimate and the year-ago quarter earnings by a penny. In fiscal 2011, adjusted earnings stood at 42 cents per share versus 27 cents in the prior year.
The company's sales during the quarter increased 18.8% to $92.5 million, aided by improved performance across all its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cyberonics Posts Strong 3Q

Posted: 27 Feb 2012 09:01 AM PST

Cyberonics (NASDAQ:CYBX) reported third quarter 2012 EPS of 34 cents, surpassing the Zacks Consensus Estimate of 30 cents and was 36% higher than the year-ago quarter's adjusted EPS.
Revenues increased 16% year over year (same at constant exchange rate or CER) to $54.5 million and surpassed the Zacks Consensus Estimate of $53 million. The growth was based on higher domestic sales (up 15% to $45.2 million) and a 24% increase in international revenues to $8.7 million,reflecting strong performance in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AmSurg Beats, Margin Down

Posted: 27 Feb 2012 09:01 AM PST

AmSurg Corp. (NASDAQ:AMSG) reported EPS of 42 cents in the fourth quarter of fiscal 2011. However, excluding 2 cents related to the National Surgical Care ("NSC") transaction, adjusted EPS came in at 46 cents, in line with the Zacks Consensus Estimate but ahead of the year-ago quarter EPS of 43 cents. Quarterly result includes a negative impact of one cent related to the revision of the Medicare payment system for ambulatory surgical centers (ASCs). Moreover, operations of the acquired NSC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Transocean Misses Bottom Line

Posted: 27 Feb 2012 09:01 AM PST

Offshore drilling giant Transocean Ltd. (NYSE:RIG) reported weak fourth quarter and full-year 2011 results, hurt by the lingering effects of Gulf of Mexico tragedy, steeper operating costs and high interest expense.
Earnings per share, excluding expenses associated with the Macondo well incident, Aker Drilling acquisition costs, gains from asset sales and other minor items, came in at 19 cents, a penny short of the Zacks Consensus Estimate and significantly behind the year-ago adjusted profit of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SalesForce Beats Estimates In 4Q

Posted: 27 Feb 2012 09:01 AM PST

Salesforce.com Inc. (CRM) reported fourth quarter fiscal 2012 adjusted net income of 9 cents per share, well ahead of the Zacks Consensus Estimate of 4 cents.
Revenues
Revenues in the quarter were $632.0 million, up 38.3% from $456.9 million in the year-ago quarter. However, reported revenues missed the company's guidance range of $673.0 million to $678.0 million. The company also reported a small forex gain of $2.0 million. Moreover, the company also benefited from a sustained decline in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Actelion Gets Auxilium Drug Rights

Posted: 27 Feb 2012 09:01 AM PST

European biotechnology company Actelion Ltd. (ALIOF) recently acquired exclusive commercialization rights to Auxilium Pharmaceuticals, Inc.'s (AUXL) Xiaflex for the treatment of Dupuytren's contracture and Peyronie's disease in Canada, Australia, Brazil and Mexico.
Xiaflex is approved in the US and European Union and is under review in Canada for the treatrment of Dupuytren's contracture. A decision in Canada is expected in the second half of 2012. In Brazil, Australia and Mexico, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Coca-Cola Ratings Affirmed By Fitch

Posted: 27 Feb 2012 09:01 AM PST

The rating agency Fitch Ratings has retained the debt ratings and the Issuer Default Ratings (IDRs) of The Coca-Cola Company (NYSE:KO) and its subsidiaries. The outlook also remains stable.
Accordingly, Fitch has provided ‘A+’ ratings for Coca-Cola's long-term IDR, bank credit facilities, senior unsecured debt. Further, the rating agency has given an ‘F1′ rating for the company's short-term IDR and commercial paper (CP).
Fitch has also re-affirmed the ratings of Cola-Cola's subsidiaries of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: Home Depot

Posted: 27 Feb 2012 09:01 AM PST

The world's largest home improvement retailer, The Home Depot Inc. (NYSE:HD), recently posted its fourth-quarter 2011 results. The street analysts had nearly a week to ponder on the news. In the subsequent paragraphs that follow, we will cover the recent earnings announcement, analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock.
Quarterly Review
On February 21, 2012, Home Depot posted its fourth-quarter 2011 adjusted earnings of 50 cents a share. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dollar Rises Vs. High-yielding Currencies

Posted: 27 Feb 2012 08:50 AM PST

02/27/12 The USD traded mixed after the G20 meeting. Renewed worries about Europe weighed on risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Pare Weakness, Pending Home Sales Data Improves

Posted: 27 Feb 2012 03:08 AM PST

02/27/12 The major equity indices came off session lows following better-than-expected US pending home sales. Renewed worries about Europe after the weekend G20 meeting, weighed on risk … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slips, Yen Rebounds As Traders Take Profits

Posted: 27 Feb 2012 06:49 AM PST

Fundamental Headlines
- Bernanke Pessimism Drives Credit amid Cuts – Bloomberg
- Europe Bond Risk Higher After Greek Pact – Bloomberg
- Assassination Bid on Putin Foiled, Ukraine Says – Reuters
- Buyers Take a Shine to 'Junk' – WSJ
- G-20 Defers Move on Aid for Europe – WSJ
European Session Summary
Trading in the overnight session clearly manifested the markets' hesitation over the situation in Europe. While the Japanese Yen and the U.S. Dollar were the top performers – a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Black History Month At The NYSE

Posted: 26 Feb 2012 03:00 PM PST

02/26/12 NYFP’s “Wall Street History”: In light of February being Black History Month, Kenneth Polcari of ICAP discusses key moments for black Americans at the New York Stock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sulsenti On ‘Sister Stocks’

Posted: 26 Feb 2012 01:00 PM PST

02/26/12 NYFP’s “Wall Street Lingo”: Louis Sulsenti of Pragma discusses current investor trends and the ability to tap into ‘sister … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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