Friday, March 2, 2012

DailyMarkets.com - Alere To Take Over EScreen

DailyMarkets.com - Alere To Take Over EScreen

Alere To Take Over EScreen

Posted: 02 Mar 2012 11:50 AM PST

Alere (ALR), a medical products company focused on integrating rapid diagnostics with health management, recently reported its binding agreement to buy eScreen for a base consideration of $270 million in cash. eScreen is a prominent technology oriented company with a focus on employee health products and toxicology screening.
eScreen, based in Overland Park, KS, deploys a well-regarded automated platform and FDA-authorized reader for the gathering, handling and reporting of non-regulated and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

APEI Beats, First-Quarter View Weak

Posted: 02 Mar 2012 11:35 AM PST

American Public Education Inc. (NASDAQ:APEI), an online provider of higher education to military and public service communities, recorded earnings of 71 cents per share, beating the Zacks Consensus Estimate by 11 cents. Earnings were also above the prior-year figure of 52 cents, and the guidance of 58 cents to 60 cents, due to robust top-line growth.
Total revenue of $75.7 million surged 34% from the prior-year quarter, and also came in ahead of the Zacks Consensus Estimate of $73 million. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kinder Morgan In Rail Service JV

Posted: 02 Mar 2012 11:20 AM PST

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) has joined hands with Martin Midstream Partners L.P. (NASDAQ:MMLP) to build a multi-commodity rail terminal in the city of Pecos in west Texas.
The partnerships' joint venture––Pecos Valley Producer Services LLC––will serve the flourishing oil and natural gas industry of the Permian Basin. Once the first stage of the terminal is commissioned, expectedly by May 2012, it will offer crude oil hauling, storage, takeaway and fractionation services. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

AT&T Caps Unlimited Plan

Posted: 02 Mar 2012 11:05 AM PST

AT&T Inc. (NYSE:T) put a cap on its unlimited data plans due to growing demand and limited capacity. AT&T said that the data speeds on unlimited 3G and 4G smartphones would slowdown when it exceeds more than 3 gigabytes (GB). The 4G LTE speeds will also lessen beyond 5GB in a particular month.
The move comes on the back of customers' complaints last month about the speed slowdown after using only 1–2 GB. Previously, the company had put a limit on the speeds for those smartphone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Airlines Profits Lower In 2011

Posted: 02 Mar 2012 10:50 AM PST

The U.S. airline industry earned a profit of $390 million in 2011, which is lower than $2 billion projected by the International Air Transport Association (IATA). The 2011 profit also plunged 86% from $2.7 billion earned in 2010. The industry has been struggling with either mounting costs, fuel in particular, or economic uncertainties. The trend, it appears, will continue this year.
Fuel price volatility is the major threat to the airline industry and represents about 35% of total expenses, up … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP Hikes Azerbaijan Capex

Posted: 02 Mar 2012 10:40 AM PST

BP Plc (NYSE:BP) made its exploration objective clear with its decision to spend more on its Azerbaijan exploration activities this year. The U.K. major has boosted its capital spending by 23% to $3.2 billion from the 2011 level of $2.6 billion on its oil and gas projects in the region.
The BP-Azerbaijan AIOC group plans to invest the amount in the Chirag, Azeri and Guneshli (ACG) oilfields, which have estimated recoverable reserves of about 1 billion tons of oil in the Caspian Sea. Of the total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polcari: “Eyes On Larger Global Marco Issues”

Posted: 02 Mar 2012 10:35 AM PST

03/02/12 ICAP Equities’ Kenneth Polcari discusses:
next week’s event risks, ongoing geopolitical concerns and technical levels for the equity averages. Polcari also talks crude oil and gold price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wal-Mart Ups Annual Dividend

Posted: 02 Mar 2012 10:20 AM PST

Retail giant Wal-Mart Stores, Inc. (NYSE:WMT), with its annual dividend hike to $1.59 per share from $1.46 per share, boasts of a tradition of dividend increase since 1974 annually.
The company's board of directors has hiked its dividend by 8.9% to $1.59 to be paid in fiscal 2013 which ends on January 13, 2013. The dividend will be paid in four equal quarterly installments of 39.75 cents per share. The first installment would be payable on April 4 to shareholders of record on March 12. We note, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwest Receives SOC Approval

Posted: 02 Mar 2012 10:05 AM PST

Southwest Airlines (NYSE:LUV) together with subsidiary AirTran Airways has finally received approval from the Federal Aviation Administration (FAA) for a Single Operating Certificate (SOC), allowing both the carriers to operate as a single entity. Thus far, Southwest and AirTran were operating as separate entities despite their merger in May 2011. The announcement comes well within the expected timeline for approval (the first quarter of this year).
The FAA approval on SOC represents a milestone … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gus Simpson On Peninsula Energy And Its Lance ISR Project

Posted: 02 Mar 2012 04:55 AM PST

03/02/12 Gus Simpson, Executive Chairman of Peninsula Energy Ltd., offers a brief description of his company while also discussing a key project in the works here in the United … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB’s South African Project

Posted: 02 Mar 2012 09:50 AM PST

Recently, ABB Ltd. (NYSE:ABB) received a contract from Sappi Southern Africa for its Electrification and Instrumentation (E&I) and Distributed Control System (DCS). The order worth $8.6 million is quite large and is part of Sappi's Project Go Cell.
As per the deal, ABB will be engineering, procuring and supplying equipment for Sappi's Ngodwana mill in Nelspruit, South Africa, facilitating chemical cellulose production capacity of the mill. Chemical cellulose, of which Sappi is a leading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BMC Software ITSM Suite In Demand

Posted: 02 Mar 2012 09:35 AM PST

BMC Software Inc. (NYSE:BMC) bagged twin information technology service management (ITSM) deals earlier this week. The first was a deal with Germany-based TUI InfoTec GmbH, and the second with CITIC Telecom International CPC Limited.  However, financial details of the deals were kept confidential.
TUI InfoTec GmbH selected BMC Software's Remedy ITSM suite to improve its existing customer services and overall IT support system. TUI InfoTec's IT support and services encompass infrastructure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Interactive Reports Improved DARTs

Posted: 02 Mar 2012 09:20 AM PST

Interactive Brokers Group Inc.'s (NASDAQ:IBKR) Electronic Brokerage segment has announced its monthly brokerage data for February 2012. The segment under review clears and settles trades globally for both individual and institutional clients.
Interactive's total customer accounts for February were 192,200, up 17% from 164,200 in February 2011 and 1% from 190,600 in January 2012. Moreover, total customer Daily Average Revenue Trades (DARTs) rose 5% from the prior-year month and 7% from the prior … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Amerisafe Lags On Higher Expenses

Posted: 02 Mar 2012 09:10 AM PST

Amerisafe Inc.'s (NASDAQ:AMSF) fourth-quarter 2011 operating earnings per share of 32 cents missed the Zacks Consensus Estimate by a couple of pennies but modestly lagged the prior-year quarter earnings of 44 cents.
Consequently, operating net income plunged 29.1% year over year to $5.9 million. Including net realized gains of $0.95 million against $0.11 million in the year-ago period and valuation allowance of $1.2 million versus $0.08 million in the year-ago quarter, reported net income came in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Deere Invests More On Tractors

Posted: 02 Mar 2012 08:55 AM PST

In response to the soaring demand for large farm tractors, Deere & Company (NYSE:DE) has decided to expend $70 million for increasing the manufacturing capacity of the same at its Waterloo, Iowa facility.
The expansion is aimed at increasing the facility's production capacity by 10%. Deere's expansion efforts, at this facility, including the current one, will enhance capacity by more than 50% from 2002 levels.
The company expects to multiply the number of tractors to be built by the middle … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WPPGY’s FY11 Preliminary Results

Posted: 02 Mar 2012 08:40 AM PST

 
Ireland-based advertising titan WPP Group plc. (WPPGY) reported its preliminary financial results for the fiscal year 2011,on March 1, 2012. Diluted pro forma earnings per share in the reported period were £0.677 ($5.45 per ADR), up 19.4% (20.3% in constant currency) year over year. Results were above the Zacks Consensus Estimate of $5.10.
Revenue
The company's reported revenue of £10,022 million ($16,135 million) was up 7.4% compared with the year-ago period and up 8.4% on a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Mixed, Yelp Rallies After IPO

Posted: 02 Mar 2012 08:30 AM PST

03/02/12 US stocks turned mixed on a light economic calendar day. Yelp rallied over 60 percent following its initial public … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GE Bags Wind Turbine Contract

Posted: 02 Mar 2012 08:25 AM PST

General Electric Co. (NYSE:GE) recently announced that it has received a contract from German project developer Energiekontor AG to build 41 wind turbines. GE will provide 2.75-103 wind turbines, which offer a large 165 foot blade for better and more efficient energy capture along with noise reduction feautures.
Energiekontor also signed a service contract with GE, which covered maintenance, routine inspections, remote monitoring of the wind turbines and also providing spare parts for them. As per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Lots Beats, Guides ’12

Posted: 02 Mar 2012 08:05 AM PST

Recently, Big Lots Inc. (NYSE:BIG) posted better-than-expected fourth-quarter 2011 results. The quarterly earnings of $1.75 a share came ahead of the Zacks Consensus Estimate of $1.73. Moreover, the bottom-line results marked an increase of 19.9% from the prior-year quarter's earnings of $1.46 cents a share. Excluding the Canadian operations, earnings came in at $1.83 a share.
Management now expects fiscal 2012 adjusted earnings between $3.40 and $3.50 per share, reflecting an increase of 14% to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yen Falls To 9-month Low Versus Dollar

Posted: 02 Mar 2012 03:00 AM PST

03/02/12 The U.S. dollar firmed against the euro and rallied against the yen following data that showed persistent negative price pressures in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips From Highs On Saudi Explosion Denial

Posted: 02 Mar 2012 02:45 AM PST

03/02/12 Following the massive rally yesterday on unconfirmed reports of a Saudi pipeline explosion, denial of such an explosion this morning has helped settle crude prices to trade just above $108 this … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Per-Capita, The U.S. Is A Century Ahead Of China

Posted: 02 Mar 2012 07:30 AM PST

There’s been a discussion in the last two issues of The Gartman Letter about the relative size of China’s economy, adjusted on a per-capita basis, and then adjusted for Purchasing Power Parity.  Here are some contributions to that discussion:

1. According to the IMF, China’s per-capita GDP in 2011 was $5,200, putting it on par with the per-capita GDP of Angola ($5,061), Macedonia ($5,012) and Algeria ($5,001).

2. Adjusting for Purchasing Power Parity, China’s per-capita GDP in 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Dilution Continues While Yen Touches 9-month Low Vs. U.S. Dollar

Posted: 02 Mar 2012 06:48 AM PST

Fundamental Headlines
- China to Stop Local Governments' Property Easing – Bloomberg
- EU Leaders Declare Crisis Turning Point in Shift to Growth – Bloomberg
- Red Cross Aid Convoy Reaches Homs, Massacre Feared – Reuters
- For Shipping Sector, More Defaults on Horizon – WSJ
- Tim Geithner: Financial Crisis Amnesia – WSJ
European Session Summary
Higher yielding currencies and risk-correlated took a step backwards on Friday as overall mediocre data in the overnight coupled with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Futures Trend Downward

Posted: 02 Mar 2012 01:10 AM PST

03/02/12 Stocks were narrowly mixed Friday during a light day on the economic front while investors took a breather following the recent market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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