Tuesday, February 28, 2012

DailyMarkets.com - Tenet Misses On Both Lines

DailyMarkets.com - Tenet Misses On Both Lines

Tenet Misses On Both Lines

Posted: 28 Feb 2012 12:00 PM PST

Tenet Healthcare Corp. (NYSE:THC) reported fourth-quarter 2011 income from continuing operations of 10 cents per share, lagging the Zacks Consensus Estimate of 13 cents but surpassing the prior-year quarter earnings of 8 cents per share. Operating income for the quarter declined to $42 million from $43 million in the year-ago quarter.
The improvement in earnings on a yearly basis was attributed to growth in revenues arising from higher admissions, outpatient visits and surgeries. However, this was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab’s EPS Meets, Sales Lag

Posted: 28 Feb 2012 12:00 PM PST

Leading cleaning and sanitation products maker Ecolab Inc's (NYSE:ECL) fourth-quarter fiscal 2011 adjusted (excluding special gains/charges, tax-related adjustments and the impact of Nalco Holding merger) earnings of 70 cents a share matched the Zacks Consensus Estimate and transcended the year-ago adjusted earnings of 60 cents. The results were within the company's guidance of 69-71 cents.
Profit (attributable to Ecolab) for the quarter slid 32% year over year to $88.7 million (or 34 cents a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tower Reports A Penny Ahead

Posted: 28 Feb 2012 12:00 PM PST

Property and casualty insurer Tower Group Inc. (TWGP) reported fourth quarter 2011 operating earnings of 63 cents per share, a penny ahead of the Zacks Consensus Estimate. Results, however, compared unfavorably with the prior-year quarter’s earnings of 80 cents. Earnings benefited fromhigher revenue as well as lower share count.
The New York-based company posted total revenue of $454.9 million, up 8.4% year over year. The growth was primarily due to increased net premiums earned and higher net … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AutoZone Beats, Opens 35 Stores

Posted: 28 Feb 2012 11:40 AM PST

AutoZone Inc. (NYSE:AZO) recorded a 24% increase in profit to $4.15 per share in the second quarter of fiscal year ended February 11, 2012 from $3.34 per share in the year-ago quarter. The profit exceeded the Zacks Consensus Estimate by 11 cents per share.
In absolute terms, profits went up 13% to $166.9 million during the quarter from $148.1 million in the second quarter of prior fiscal year.
Sales in the quarter rose 9% to $1.8 billion, which was in line with the Zacks Consensus Estimate. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NRG Energy Posts Mixed Results

Posted: 28 Feb 2012 11:40 AM PST

Power generation company NRG Energy, Inc. (NRG) reported a pro forma loss of 48 cents per share for fourth-quarter 2011, narrower than the Zacks Consensus Estimate of a loss of 70 cents per share.
The company also reported GAAP loss of 48 cents per share in the fourth-quarter 2011 versus a loss of 7 cents per share in the prior-year quarter. 
NRG Energy's fiscal 2011 pro forma earnings of $1.63 per share surpassed the Zacks Consensus Estimate of $1.48 per share.
In the year 2011, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Office Depot Beats On Bottom-Line

Posted: 28 Feb 2012 11:40 AM PST

Office Depot Inc. (NYSE:ODP) recently posted better-than-expected fourth-quarter 2011 bottom-line results. The company reported earnings of 3 cents a share, surpassing the Zacks Consensus Estimate of break-even. Looking out to the year over year performance, earnings marked a sharp improvement from a loss of 10 cents delivered in the year-ago quarter.
On a reported basis, including one-time items, Office Depot's quarterly earnings came in at 4 cents a share compared with a loss of 39 cents … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Priceline Guides Above Expectations

Posted: 28 Feb 2012 11:40 AM PST

Despite solid revenue growth, Priceline.com Inc (NASDAQ:PCLN) missed the Zacks Consensus by 20 cents, as higher stock based compensation and a higher tax rate impacted results. However, the solid guidance drove share prices up 6.57% in after-hours trading.
Revenue
Priceline reported revenue of $990.7 million in the quarter, representing a sequential decline of 31.8% and a year-over-year increase of 35.5%. This was better than management's guidance of $947 million (at the mid-point) and consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sempra Energy Beats Squarely

Posted: 28 Feb 2012 11:40 AM PST

Sempra Energy (NYSE:SRE) announced fourth quarter and fiscal 2011 earnings results.  During the fourth quarter, the company reported pro forma earnings of 1.21 per share easily surpassing the Zacks Consensus Estimate of $1.06 and the year-ago quarterly figure of $1.15 per share.
In fiscal 2011, pro forma earnings reported by the company were $4.47 per share compared with $3.93 per share in fiscal 2010. It also comfortably surpassed our expectation of $4.33. Including the gain of $1.15 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

URS Suffers Loss On Goodwill Charge

Posted: 28 Feb 2012 11:40 AM PST

URS Corp. (NYSE:URS) reported fourth-quarter fiscal 2011 earnings per share of 37 cents compared with 75 cents in fourth-quarter 2010. The Zacks Consensus Estimate was way up higher at 98 cents.
During the quarter, the company recorded a goodwill impairment charge of 43 cents per share. Earnings for the quarter also include a non-cash, after-tax charge of $0.02 per share, related to the retirement of the company's prior credit facility and a $0.07 per share, after-tax charge related to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Encana-Mitsubishi Cutbank Tie Up

Posted: 28 Feb 2012 11:25 AM PST

Encana Corporation (NYSE:ECA) and Japanese big shot Mitsubishi Corporation joined hands in the Cutbank Ridge Partnership, which was first announced in February 17.
Upon closure, Mitsubishi took over 40% interest in the Cutbank Ridge Partnership for approximately C$1.45 billion. The company will also invest another C$1.45 billion over the next five years for the development of the project. The funding on part of Mitsubishi will trim Encana's capital spending on the project to 30% of the total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Encana-Mitsubishi Cutbank Tie Up

Posted: 28 Feb 2012 11:25 AM PST

Encana Corporation (NYSE:ECA) and Japanese big shot Mitsubishi Corporation joined hands in the Cutbank Ridge Partnership, which was first announced in February 17.
Upon closure, Mitsubishi took over 40% interest in the Cutbank Ridge Partnership for approximately C$1.45 billion. The company will also invest another C$1.45 billion over the next five years for the development of the project. The funding on part of Mitsubishi will trim Encana's capital spending on the project to 30% of the total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rowan Lags EPS, Revs On Par

Posted: 28 Feb 2012 11:25 AM PST

Rowan Companies Inc. (NYSE:RDC) recorded fourth-quarter 2011 earnings from continuing operations of 27 cents per share, failing to meet the Zacks Consensus Estimate of 31 cents and falling by a penny from the year-earlier level.
However, total revenue expanded almost 32% year over year to $275.1 million in the reported quarter, and was on par with our expectation. The outperformance was mainly attributable to increased activity from fleet additions and rig start-ups and somewhat higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Bonds Are Holding Up

Posted: 28 Feb 2012 11:18 AM PST

Cusick’s Corner 02-28-2012
The ability of the bond prices to hold up is the real issue at this stage in the current trend. Oil has pulled back into the Midday, but the bonds, TLT/TYH12, continue to hold up in spite of the bullish action in the markets and the lack of any selling pressure. While this is an tough dynamic, I have not seen what would be considered “topping action”, but there appears to be a building over-extension of this upside move, and a break to the downside, 1360 on the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Take The Greek Factor Out Of Your Investment Portfolio

Posted: 28 Feb 2012 11:18 AM PST

By contributing writer: Rebecca Petcavich
February 23, 2012
Although one may think that they're not invested in the Greek crisis, many portfolios may hold equity positions and ETFs that could be effected by the European debt crisis.  The European Union is the U.S.'s number one trading partner.
The risk of a Greek default could have lasting consequences here in the U.S.  For starters, U.S. corporate manufacturers that provide export products to Europe will start feeling the pinch … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Labor Dispute Troubles Southwest

Posted: 28 Feb 2012 11:05 AM PST

 
The trade union dispute has again sparked integration problems for Southwest Airlines (NYSE:LUV). The carrier has been trying to integrate operations with subsidiary AirTran Airways, but even after a year it continues to see setbacks related to labor contracts. 
The unionized flight attendants of AirTran have rejected the tentative agreement on merging seniority rankings of mechanics. The contract came into existence in December last year and was duly approved by the executive boards … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bank Profits And Average ROA Highest Since 2006

Posted: 28 Feb 2012 10:52 AM PST

From today’s Quarterly Banking Profile from the FDIC:

“For all of 2011, bank net income totaled $119.5 billion, an increase of $34 billion (39.8%) from 2010 earnings. This is the highest annual net income total since the industry earned $145.2 billion in 2006. More than two out of every three banks (66.9%) reported improved earnings in 2011, and only 15.5 percent reported a net loss for the year. In 2010, 22.1 percent of all banks reported full-year net losses. The average ROA in 2011 was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwestern Lags Consensus

Posted: 28 Feb 2012 10:50 AM PST

Southwestern Energy Co. (NYSE:SWN) has reported fourth-quarter 2011 earnings of 45 cents per share, which came in below the Zacks Consensus Estimate of 48 cents. However, the quarterly results showed a 4.7% improvement from the year-earlier profit of 43 cents.
Fiscal 2011 earnings showed an improvement of 5.2% year over year to $1.82 per share from $1.73 in the prior year. However, full-year earnings missed the Zacks Consensus Estimate of $1.85.
The year-over-year improvement was backed by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BB&T-BankAtlantic Deal Forbidden

Posted: 28 Feb 2012 10:50 AM PST

On Monday, Judge J. Travis Laster of Delaware Court of Chancery gave his judgement over the lawsuit filed by the investors in the trust-preferred securities (TruPS) debt under the BB&T-BankAtlantic deal. The judge has permanently prohibited the deal under which, BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (NYSE:BBX), was supposed to sell most of its banking assets to BB&T Corporation (NYSE:BBT).
Earlier on November 1, 2011, BB&T announced its plan to acquire … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smartphones Drive Growth For Skyworks

Posted: 28 Feb 2012 10:25 AM PST

 
Skyworks Solutions, Inc. (NASDAQ:SWKS) recently announced that several of its front-end solutions are being leveraged by the industry's leading baseband providers for their smartphone platforms which currently support world’s leading mobile broadband standards.
Skyworks continues to weather the turbulent economic conditions well. The company has strategically positioned itself as a diversified company. Skyworks continues to benefit from strong underlying demand in the mobile Internet market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Omnicare Beats, Turns To Profit

Posted: 28 Feb 2012 10:15 AM PST

Omnicare Inc. (NYSE:OCR), which sells drugs to long-term care facilities and nursing homes, reported fourth quarter and fiscal 2011 adjusted (excluding one-time expenses) earnings per share of 58 cents and $2.13, respectively, beating the corresponding Zacks Consensus Estimates of 56 cents and $2.12.
Reported net income from continuing operations, for the quarter, was $38.3 million (or 34 cents per share) compared with a loss of $57.1 million (or 50 cents per share) in the year-ago quarter.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tellabs Upgraded To Neutral

Posted: 28 Feb 2012 09:55 AM PST

We upgrade our recommendation to Neutral on Tellabs Inc. (NASDAQ:TLAB). Tellabs met the Zacks Consensus Estimates in its fourth-quarter 2011 financial results. In the last quarter, the company witnessed solid improvements with respect to several valuation metrics. Management has taken a strategic decision to thoroughly restructure its business model emphasizing smart mobile Internet, including mobile backhaul solution, packet optical solution and Tellabs' Insight Analytics Services.
For the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Pacific Ethanol Reports Fourth Quarter, Gross Margins Improving

Posted: 28 Feb 2012 09:40 AM PST

Pacific Ethanol reports fourth quarter, gross margins improving
Ian Gilson, CFA

Pacific Ethanol (PEIX) reported its fourth quarter and full year earnings on February 27, 2012. Due to lower volumes of gasoline sold in California, and an excess inventory of ethanol statewide, the price of ethanol declined significantly in December 2011. However, the cost of corn, the major raw material, did not decline as farmers held back on selling some of their inventory. Ethanol producers did not reduce … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ralph Lauren Pinned To Neutral

Posted: 28 Feb 2012 09:40 AM PST

Following a mixed third quarter 2012 from one of the leading designer, marketer and distributor of premium lifestyle products, Polo Ralph Lauren Corporation (NYSE:RL), we retain our long-term Neutral recommendation on the stock.
In the third quarter, Polo's earnings per share of $1.78 reflected a 3% growth from $1.72 earned in the year-ago period. Quarterly earnings also surpassed the Zacks Consensus Estimate of $1.67 per share. The earnings beat in the quarter reflected a decline in shares … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abaxis Remains Neutral

Posted: 28 Feb 2012 09:27 AM PST

We recently reiterated our 'Neutral' recommendation on Abaxis Inc. (NASDAQ:ABAX) with a target price of $28.00.
Abaxis reported EPS of 13 cents in the third quarter of fiscal 2012, missing the year-ago quarter EPS by 4 cents, as well as the Zacks Consensus Estimate of 16 cents.
Net sales during the quarter increased 5% year over year to $37.9 million, but lagged the Zacks Consensus Estimate of $41 million. The year-over-year growth was fueled by higher sales in both North America (up 6% to $31.8 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-On Aiding Copper Prices

Posted: 28 Feb 2012 09:24 AM PST

Tuesday, February 28th
Base metal futures have gotten a lift from the aggressive action taken by Europe to avoid a Greek default. Chinese policy seems to have had a positive impact on economic activity, although a quantifiable result has yet to be seen. Technically, the market appears to be waiting on a breakout; however, the direction the market may take is unknown. Some traders may perhaps wish to consider entering the long side of the market on consecutive closes above the 4.00 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: USDCHF Keeps Below Trendline Resistance

Posted: 28 Feb 2012 09:23 AM PST

Forex Trading: GBPUSD Bounces Off MA And Fibo Support Area

Posted: 28 Feb 2012 09:23 AM PST

The 1.5793 to 1.5802 area held support for the GBPUSD  and bounced higher. On the hourly chart above, bearish traders would not like to see the price move above the 1.5851 level which is the underside of the broken trendline above.
Looking at the 5 minute chart, there is closer resistance which more aggressive sellers might lean against.   The 200 bar MA held on the last test before heading to the lows for the day.  That level comes in at the 1.5841 currently.  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Squeezes The Shorts

Posted: 28 Feb 2012 09:23 AM PST

New lows were made in the pair -taking out the low by a pip. From there the price squeezed higher. A move above 50% of the days range then the 100 and 200 bar MA (without much trouble) ignited even more covering.  The high for the day was extended by about 6 pips (to 1.3468 from 1.3462).  SO in the course of  an hour and 20 minutes, the price extended the range on the bottom and on the top.
The action is unusual but with the price moving higher last week, the correction to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

In Line 4Q For CEC Entertainment

Posted: 28 Feb 2012 09:12 AM PST

Texas-based CEC Entertainment Inc. (NYSE:CEC) reported earnings of 15 cents per share in the fourth quarter of 2011, in line with the Zacks Consensus Estimate. Reported earnings surpassed the prior-year earnings by a penny. On an adjusted basis, quarterly earnings were around 20 cents per share. The upside in earnings was facilitated by the repurchase of shares. In full-fiscal 2011, reported earnings were $2.88 per share versus $2.55 in fiscal 2010.
However, total revenue tumbled 2.3% year over … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

German Court Rules In Favor Of Apple

Posted: 28 Feb 2012 09:03 AM PST

A higher regional court in Karlsruhe, Germany, ruled in favor of Apple Inc. (NASDAQ:AAPL) in the patent infringement case lodged by Motorola Mobility Holdings Inc. (MMI). The patent in question is related to 3G wireless networking standards that threatened to disrupt sales of Apple's iconic iPhones and iPads in the country.
Earlier in December 2011, Motorola had won a temporary injunction against Apple in Mannheim court that forced Apple to stop the sale of iPhone 3G and iPhone 4 models and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Aes Trust, Illumina, Lowe’s Companies, Micron Technology

Posted: 28 Feb 2012 09:02 AM PST

    Lowe’s Companies, Inc. (NYSE:LOW) posted fourth-quarter 2011 quarterly earnings of $0.29 a share, surpassing the Zacks Consensus Estimate of $0.23

    The AES Corporation (NYSE:AES) reported fourth quarter 2011 adjusted earnings per share of $0.23, ahead of the Zacks Consensus Estimate of $0.20

    Shares of Micron Technology, Inc. (NYSE:MU) jumped 7.7%, following reports that its rival company Elpida Memory Inc. has filed for bankruptcy

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

Data To Keep 13,000 Tough To Reach

Posted: 28 Feb 2012 09:02 AM PST

This morning's soft Durable Goods data will likely give investors no encouragement to cross the major psychological barrier that they have been struggling with in recent days. We also see data about home prices and consumer confidence on tap for release a little later, but the overall trading action today will likely be not much different from the tentativeness that we have been seeing lately.

With respect to Europe, all eyes are on the European Central Bank's (ECB) second bank liquidity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Heinz Eyes Pfizer’s Baby Food

Posted: 28 Feb 2012 09:02 AM PST

Reportedly, H.J. Heinz Company (NYSE:HNZ) is keen on the baby food morsel business of Pfizer Inc. (NYSE:PFE) and may buy it if the terms of the deal are favorable.
The pharmaceutical-giant, Pfizer is planning to shed its animal health and infant nutrition divisions. Industry analysts feel that the infant nutrition business – accounting for $2 billion sales to the company – will be up for sale with a price tag of $10 billion. The pharmaceutical giant wants to slim down in order to bolster its core … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GOL Downgraded To Underperform

Posted: 28 Feb 2012 09:02 AM PST

We have recently downgraded our recommendation on GOL Linhas (NYSE:GOL) from Neutral to Underperform.
During the third quarter, Gol's operating costs and expenses increased 19.8% year over year. Higher expenses such as salaries, wages and benefits, landing fees among others raised cost significantly. Added to its woes is the airport infrastructural crisis that has raised costs while lowering flight efficiency from Brazilian airports. Moreover, rising fuel prices continue to aggravate concern for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Biogen-Samsung Set Up JV

Posted: 28 Feb 2012 09:02 AM PST

Biogen Idec (NASDAQ:BIIB) and Samsung Biologics recently announced the setting up of their biosimilars joint venture (JV). The joint venture, Samsung Bioepis Co., Ltd., will focus on the development, manufacture and marketing of biosimilars. Biosimilars are generic versions of biologics.
The companies had initially announced their intention to set up a joint venture in December 2011. The joint venture, based in Korea, will not be involved in the development of biosimilars of Biogen's branded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FEMSA’s 4Q Profit Soar

Posted: 28 Feb 2012 09:02 AM PST

Fomento Economico Mexicano S.A.’s (NYSE:FMX) fourth-quarter 2011 net income from continuing operation surged 9.3% to MXN 7,111 million ($521.2 million) from MXN 6,503 million ($524.8 million) in the year-ago period. The improved results were primarily driven by an increase in comparable income from operation and inclusion of 20% economic interest in Heineken Group.
Total revenue grew 24.5% year over year to MXN 56,834 million ($4,165.9 million). The increase was mainly attributable to revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Copper Tire Skids But Beats Estimate

Posted: 28 Feb 2012 09:02 AM PST

Cooper Tire & Rubber Company (NYSE:CTB) reported a fall in profit to $32.0 million or 51 cents per share (excluding special items) in the fourth quarter of 2011 from $40.2 million or 64 cents per share in the same quarter of 2010. However, the profit per share surpassed the Zacks Consensus Estimate of 39 cents.
Net sales in the quarter grew 14% to $1.1 billion. Operating profit increased 9% to $59.7 million during the quarter.
Improved price and mix of $128 million more than offset the impact … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zacks Increases Price Target Of Acorn Energy To $10.00

Posted: 28 Feb 2012 09:02 AM PST

Zacks increases price target of Acorn Energy to $10.00
Steven Ralston, CFA

Acorn Energy (ACFN) announced that a definitive agreement has been signed to acquire OmniMetrix, LLC for $8.5 million. OmniMetrix designs, manufactures and markets wireless monitoring systems for backup power generators and cellular towers. Also, OmniMetrix provides remote-site monitoring systems for pipeline integrity and landfill gas. Headquartered in Buford, Georgia, OmniMetrix generated revenues of $3.0 million and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Beat At Valeant Pharma

Posted: 28 Feb 2012 09:02 AM PST

Valeant Pharmaceuticals International's (NYSE:VRX) fourth quarter 2011 earnings of 90 cents per share (excluding special items but including stock-based compensation expense) beat the Zacks Consensus Estimate by 5 cents and the year-ago earnings by 45 cents per share. Full year earnings of $2.73 per share (excluding special items but including stock-based compensation expense) were above the Zacks Consensus Estimate of $2.69 and the year-ago earnings of $1.97 per share.
Revenues for the quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Calgon Carbon Misses EPS Estimate

Posted: 28 Feb 2012 09:02 AM PST

Calgon Carbon Corporation (NYSE:CCC) reported a profit of 9 cents per share in the fourth quarter of 2011 compared with 22 cents in the year-ago quarter. It, however, missed the Zacks Consensus Estimate of 13 cents per share. For full year 2011, the company's earnings came in at 69 cents per share compared with 61 cents per share in 2010, missing the Zacks Consensus Estimate of 72 cents per share.
Revenues
Sales in the quarter increased 15.5% to $138.2 million from $131.5 million in the year ago … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

LUK Posts Upbeat FY11 Results

Posted: 28 Feb 2012 09:02 AM PST

Leucadia National Corporation (NYSE:LUK) reported its financial results for the fourth quarter and fiscal year 2011 on February 27. Results were weak in the year 2011 compared with the previous year as the company reported earnings from continuing operations of 7 cents per share as compared with $7.66 per share in 2010. Results, however, surpassed the Zacks Consensus Estimate of a loss of 64 cents.
Earnings for the year 2011 excluded a one cent income from discontinued operations and a 2 cent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CACI International’s TSA Win

Posted: 28 Feb 2012 09:02 AM PST

Earning new contracts continues its interminable saga for CACI International Inc. (CACI) as it announced the receipt of a $20 million five-year contract from the Transportation Security Administration (TSA). The contract is to provide Occupational Safety and Health (OSH) Support Services to the TSA centres.
According to the contract, CACI International would implement and maintain a comprehensive OSH program at the TSA's headquarters, five regional offices, 450 airports and other field … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sunoco Dropped To Underperform

Posted: 28 Feb 2012 09:02 AM PST

We are downgrading Sunoco Inc. (NYSE:SUN) shares to Underperform from Neutral, because of its weak business model, geographically undiversified asset base and operational hindrances.
In mid-January, Sunoco completed the separation of its metallurgical coke manufacturing business, to SunCoke Energy Inc. (SXC), a 100% publicly traded company. We believe that the transfer of SunCoke has made Sunoco a less diversified business model. As a result, Sunoco is exposed to greater competitive risks than … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EUR Gains Before ECB LTRO

Posted: 28 Feb 2012 09:00 AM PST

02/27/12 The EUR strengthened against the USD and JPY ahead of the European Central Bank’s LTRO. There is speculation that the liquidity injection will boost risk for the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hungary Central Bank Keeps Interest Rate At 7.00%

Posted: 28 Feb 2012 08:52 AM PST

The Magyar Nemzeti Bank kept its central bank base rate steady at 7.00%.  The Bank said: “The Monetary Council has decided to leave the base rate unchanged. Monetary policy can best contribute to economic growth by maintaining a predictable economic environment, ensuring price stability and preserving the stability of the financial system. High volatility of financial markets over the recent period continues to warrant a cautious policy stance.”

The Magyar Nemzeti Bank … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow Recovers 13K After Consumer Confidence

Posted: 28 Feb 2012 08:10 AM PST

02/28/12 The major equity indices kicked off the session mixed. Durable goods disappointed to the downside, but consumer confidence soared past … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

No Longer Home Sweet Home: The Ongoing Housing Crisis And The End Of An Era

Posted: 28 Feb 2012 08:01 AM PST

Economic cheerleaders on Wall Street and in the White House are taking heart. The US has had three straight months of faster job growth. The number of Americans each week filing new claims for unemployment benefits is down by more than 50,000 since early January. Corporate profits are healthy. The S&P 500 on Friday closed at a post-financial crisis high.
Has the American recovery finally entered the sweet virtuous cycle in which more spending generates more jobs, more jobs make consumers … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Richmond, Dallas Fed Report Manufacturing Gains

Posted: 28 Feb 2012 07:31 AM PST

RICHMOND FED — “Manufacturing activity in the central Atlantic region advanced for the third straight month, according to the Richmond Fed's latest survey. Our broadest indicators of overall activity—shipments, new orders and employment—remained in positive territory, and the rate of increase strengthened considerably from our last report. Other indicators were also positive, including backlogs and capacity utilization. Likewise, delivery times and finished goods inventories grew at a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Intrade Odds

Posted: 28 Feb 2012 06:57 AM PST

Michigan: Romney (66%) vs. Santorum (40%) at 10 a.m.

Arizona: Romney (98%) vs. Santorum (2.7%) at 10 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Posts Modest Gains Ahead Of ECB’s LTRO On Wednesday

Posted: 28 Feb 2012 06:21 AM PST

Fundamental Headlines
- Durable Goods Orders in U.S. Slump 4%, Most in Three Years – Bloomberg
- German Court Raises Hurdle to Euro-zone Bailouts – Reuters
- Gold Firms with Euro, Stocks Ahead of ECB Financing – Reuters
- Focus Turns Now to Greek CDS Payouts – WSJ
- S&P Declares Greece in Default – WSJ
European Session Summary
With the first notification of a Greek default in the rearview mirror, market participants have already started looking ahead to the next major milestone in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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