Wednesday, March 28, 2012

DailyMarkets.com - Apple Offers Refund In Australia

DailyMarkets.com - Apple Offers Refund In Australia

Apple Offers Refund In Australia

Posted: 28 Mar 2012 07:55 AM PDT

According to a recent Bloomberg feed, Apple Inc. (AAPL) is offering refunds to Australian iPad customers, after the company was accused of misleading customers regarding the device's fourth generation (4G) compatibility with the local network. The Australian Competition & Consumer Commission alleged that iPad advertisements suggested that it was compatible with the 4G network run by Telstra Corp. (TLS).
The new iPad, which released on March 16, 2012, across 12 countries including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Family Dollar Beats Estimate

Posted: 28 Mar 2012 07:55 AM PDT

The economy is still not out of the woods, and bargain hunters are going from one shop to another to grab the best deal, with their primary focus being on consumable items. Family Dollar Stores Inc. (NYSE:FDO), the operator of self-service retail discount store chains, remains successful in luring cautious consumers amid fragile economic recovery.
This was quite evident from the company's second-quarter 2012 results. The quarterly earnings of $1.15 per share beat the Zacks Consensus Estimate by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Integra Expands In Europe

Posted: 28 Mar 2012 07:55 AM PDT

Medical products company Integra LifeSciences (NASDAQ:IART) recently revealed its intention of expanding its international operations. The company came up with the first implantation of its new shoulder arthoplasty device PyroTITAN Humeral Resurfacing Implant in Italy and Sweden.
Integra claims that this new device will be a safer and traditional substitute with smaller incision and less bone removal to the total shoulder replacement surgery. Moreover, the PyroTITAN implant has chances of less … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian National Divests Assets

Posted: 28 Mar 2012 07:25 AM PDT

Canadian National (NYSE:CNI) has recently announced the sale of  two segments of rail lines based in Toronto to Metrolinx, a governmental agency dealing in transportation business in Greater Toronto and Hamilton Area in Ontario, Canada. The deal is expected to generate approximately $310.5 million in sale proceeds for Canadian National.
We believe that the new deal will be beneficial for the company's cash flow as well as aid in rightsizing its infrastructural capabilities, thereby leading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Health Care Prices Senior Notes

Posted: 28 Mar 2012 07:05 AM PDT

Health Care REIT, Inc. (HCN) recently announced that it has priced 4.125% of senior unsecured notes for approximately $600 million. These notes are expected to mature on April 1, 2019 and were priced at 99.694% of their face value to generate 4.176%.  The offering is expected to close on April 3, 2012.
The company expects to use the net proceeds from the offering to repay approximately $126 million of its 4.75% convertible senior notes maturing in 2026 at a redemption price of 100% of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Durable Goods Weaker Than Expected

Posted: 28 Mar 2012 06:50 AM PDT

The tone of today's trading action will likely be negative given the less-than-inspiring Durable Goods reading this morning. A weak bond auction in Spain and soft GDP report in the UK will likely remind investors of Europe, though the worst of Europe-centric fears have receded to the background. Importantly, it is perhaps fair for stocks to take a wait-and-see approach ahead of next week's important set of economic data.

But the major news of the day is the weaker-than-expected February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Durable Goods Weaker Than Expected

Posted: 28 Mar 2012 06:50 AM PDT

The tone of today's trading action will likely be negative given the less-than-inspiring Durable Goods reading this morning. A weak bond auction in Spain and soft GDP report in the UK will likely remind investors of Europe, though the worst of Europe-centric fears have receded to the background. Importantly, it is perhaps fair for stocks to take a wait-and-see approach ahead of next week's important set of economic data.

But the major news of the day is the weaker-than-expected February … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Procter & Gamble Goes Philanthropic

Posted: 28 Mar 2012 06:50 AM PDT

The world's leading consumer goods chain Procter & Gamble Company (NYSE:PG) and humanitarian organization CARE have decided to provide more than 100 million liters of clean drinking water in Kenya and Ethiopia. The retail giant is set to pump more than $1 million for the project.
The initiative is a part of P&G's Children’s Safe Drinking Water (CSDW) Program, under which the Cincinnati-based consumer goods manufacturer has been offering its P&G Purifier Water packets in developing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Appetite Continues To Weaken As U.S. Durable Goods Disappoint

Posted: 28 Mar 2012 06:36 AM PDT

Fundamental Headlines
- Assad's Acceptance of UN Plan will be tested by Actions – Bloomberg
- Europeans See Crisis near End, Bernanke Warns on Recovery – Bloomberg
- U.K. Faces Bigger Hill to Climb After Fourth-Quarter GDP Cut – Reuters
- Fed Prevented 'Total Meltdown,' Bernanke Says – WSJ
- J.P. Morgan was 'Assured' on MF Global Transfers – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets continued their tumble lower, with the commodity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

McKesson Absorbs Drug Trading Co.

Posted: 28 Mar 2012 06:35 AM PDT

McKesson Corp. (NYSE:MCK) recently announced that it has completed the acquisition of Drug Trading Company Limited for Canadian Dollar (CAD) $920 million. Drug Trading is an independent banner of Katz Group Canada Inc. and Medicine Shoppe Canada Inc. Katz Group operates an integrated retail pharmacy network in Canada.
McKesson plans to integrate Drug Trading Co. into its Canadian pharmaceutical distribution and services business.
In January this year, the company had first announced the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

North Dakota, Mining Industry Lead Growth For Personal Income Gains In 2011

Posted: 28 Mar 2012 06:33 AM PDT

The Bureau of Economic Analysis released its “State Personal Income 2011″ report today, and here are some highlights:

1. State personal income rose 5.1% in 2011 following a 3.7% increase in 2010, a -1.7% decrease in 2009 and a 3.9% gain in 2008.  

2. North Dakota led the country with the highest gain in state income for 2011 (8.1%), the largest increase in per-capita state income (6.7%), and the highest gain in personal income during the last quarter of 2011 (1.5%). 

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

Stock Market News Briefs: Crown Crafts, Lennar, Walgreen Company, Wave Systems Corp.

Posted: 28 Mar 2012 06:30 AM PDT

    Shares of Walgreen Co. (NYSE:WAG) gained 1.3% after it posted second quarter fiscal 2012 earnings of $0.78 a share in the, slinking past the Zacks Consensus Estimate by $0.01

    Lennar Corporation's (NYSE:LEN) shares jumped 4.7% after rebounding from a loss of $0.05 in first quarter fiscal 2011 to earnings per share of $0.08 in first quarter fiscal 2012

    Late on Monday, the board of Crown Crafts, Inc. (NASDAQ:CRWS) doubled its quarterly dividend … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Soybeans Rally To 6-month Highs

Posted: 28 Mar 2012 06:22 AM PDT

Wednesday, March 28, 2012
Disappointing Soybean production combined with tight U.S. ending stocks this season could spark a sharp rise in the old-crop premium to new-crop prices. Some aggressive traders who are expecting this scenario to unfold may wish to explore buying July Soybeans and selling November Soybeans. Currently July beans are trading at a 49.50 cent premium to the November contract, and buyers of this spread would want to see the July premium widen even further. This spread has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA’s Timely Launch Of PGA Tour

Posted: 28 Mar 2012 06:20 AM PDT

Golfing fans are all set to get busy with their virtual PGA tours ala Tiger Woods style from March 30, 2012, when Electronic Arts Inc.'s (EA) Tiger Woods PGA TOUR 13 and Tiger Woods PGA TOUR 13:The Masters Collector's Edition hit the stores.
Developed by EA Tiburon, both these games will be available on Microsoft Corp.'s (NASDAQ:MSFT) Xbox 360 and Sony Corp.'s (NYSE:SNE) PlayStation 3. Tiger Woods PGA TOUR 13 is priced at $59.99 while Tiger Woods PGA TOUR 13: The Masters Collector's Edition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valeant Expands Business In Russia

Posted: 28 Mar 2012 06:05 AM PDT

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) recently announced that it has entered into an agreement to acquire Russian specialty pharmaceutical company, Natur Produkt International, JSC.
As per the terms of the agreement, Valeant will pay approximately $180 million for the acquisition. Additionally, the company might be obligated to pay milestone payments of $5 million. The deal is expected to close by mid 2012 subject to certain regulatory conditions.
Natur Produkt reported revenues … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ELP’s FY11 Gains On Tax Benefits

Posted: 28 Mar 2012 05:51 AM PDT

Companhia Paranaense de Energia (NYSE:ELP), also known as COPEL, reported its financial results for the fourth quarter and fiscal year 2011 on March 26. Net income in the quarter increased 21.4% year over year to R$181.9 million (US$101.1 million), or R$0.66 per share (US$0.33 per ADR).
In the fiscal year, net earnings escalated 17.2% year over year to R$1,157.7 million (US$693.2 million), or R$4.23 per share (US$2.53 per ADR). Results in the year improved from tax benefits related to IOE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CEMIG Posts Impressive 4Q Results

Posted: 28 Mar 2012 05:35 AM PDT

Brazil-based integrated electric utility, Companhia Energetica de Minas Gerais(NYSE:CIG), also known as CEMIG reported its fourth quarter and fiscal year 2011 results on March 28, 2012. Net income in the quarter was R$709 million (US$393.9 million), up 6% year over year.
In the fiscal year 2011, net income jumped 7% to R$2,415 million (US$1,446.1 million).
Revenue: Net revenue in the fourth quarter escalated 18% year over year to R$4,341 million (US$2,411.7 million), primarily driven by rising … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cal-Maine Bottom Line Lags In 3Q

Posted: 28 Mar 2012 05:20 AM PDT

Cal-Maine Foods Inc. (NASDAQ:CALM) posted third-quarter 2012 adjusted earnings of $1.09 per share, which fell short of the Zacks Consensus Estimate of $1.14 per share. Reported earnings also deteriorated from the year-ago level of $1.40. The year-over-year decline in earnings was attributable to lower profit.
Inside the Headline Numbers
Total revenue, in the quarter under review, grew 10.6% year over year to $303.7 million. The upswing resulted from strong retail demand for eggs as well as higher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil And Gold Sold Before US Durable Goods, Crude Inventories Data

Posted: 28 Mar 2012 03:00 AM PDT

Talking Points

Crude Oil and Copper Fall, Slowing Chinese Demand Outlook Likely Driver
Gold and Silver Sold Before US Durable Goods Data on Waning QE3 Bets

Commodity prices are looking to the US Durable Goods Orders report for near-term direction cues. Expectations point to an increase of 3 percent in February after a sharp 3.7 percent in the previous month. Gold and silver are tracking lower ahead of the outcome as a pickup in US economic data dents expectations for an expansion of Federal … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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