Monday, March 26, 2012

DailyMarkets.com - Brandywine Sells Assets In Virginia

DailyMarkets.com - Brandywine Sells Assets In Virginia

Brandywine Sells Assets In Virginia

Posted: 26 Mar 2012 09:55 AM PDT

Brandywine Realty Trust (BDN), recently completed the sale of an office building in Herndon, Virginia for $91.1 million. The 268,240 square foot property is known as South Lake at Dulles Corner. The net proceeds from the transaction will be used by Brandywine for general corporate purposes.
Through this strategic initiative, the company expects to enhance its portfolio quality and use the additional capital, which it generates for other investment activities. The sale strengthens the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Research In Motion

Posted: 26 Mar 2012 09:55 AM PDT

Research In Motion Ltd.(NASDAQ:RIMM) is slated to release its fourth-quarter 2012 results on Thursday, December 29, after the closing bell. The current Zacks Consensus Estimate for the fourth quarter is pegged at 82 cents per share, representing an annualized negative growth of 54.19%.
With respect to earnings surprise over the trailing four quarters, Research In Motion has outperformed the Zacks Consensus Estimate in three quarters. The average earnings surprise was negative 0.89%.
Third-Quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Shifting To First Quarter

Posted: 26 Mar 2012 09:30 AM PDT

Earnings Preview 3/23/12

The fourth quarter earnings season is over, but now we start the first quarter season.  It is still very early in the game, but some firms with February fiscal period ends will start to report this week.  There will be 90 firms reporting, but 9 of them will be members of the S&P 500.

Firms reporting this week include: Best Buy (NYSE:BBY), Family Dollar (NYSE:FDO), Lennar (NYSE:LEN), McKesson (NYSE:MCK), Mosaic (NYSE:MOS), Paychex (NASDAQ:PAYX) and Walgreens (NYSE:WAG).  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DCT Industrial Buys Land In Chicago

Posted: 26 Mar 2012 09:30 AM PDT

DCT Industrial Trust Inc., (DCT) recently announced the acquisition of a 32.6 acre land parcel in the I-55 industrial submarket of Romeoville, Chicago. Scheduled to be completed in fourth quarter 2012, the project will complement DCT Industrial's Chicago portfolio of 5.6 million square feet. Following this acquisition, the company intends to start the construction of a 604,000 square foot DCT Boldt Park, a cross-dock facility in May 2012.
The newly acquired land will be beneficial for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Cuts Akbank Stake, $1B Charge

Posted: 26 Mar 2012 09:10 AM PDT

Citigroup Inc. (NYSE:C) is slashing its stake by over a half in Akbank T.A.S., a Turkish bank. The move comes as part of Citi's capital planning initiatives. However, this would result in the company realizing over a billion in impairment charges in the first quarter of 2012.
Citi had bought 20% equity stake in Akbank in 2007. According to a filing with the SEC, subject to market conditions and approvals, the company intends to cut its stake to below 10%. As a result, Citi will record pre-tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oclaro Shifts Facility

Posted: 26 Mar 2012 09:04 AM PDT

In order to strengthen its manufacturing model and save costs, Oclaro, Inc. (OCLR) entered into an outsourcing contract. Oclaro recently signed a definitive agreement with Venture Corporation Limited whereby Oclaro will transfer its Shenzhen, China, final assembly and test operations to Venture’s Malaysia facility.
Venture has been manufacturing optical products since 1992. The company will transfer these products gradually in a phased and gradual transfer of products over the next three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: McCormick & Co.

Posted: 26 Mar 2012 09:04 AM PDT

McCormick & Co. Inc. (NYSE:MKC), processed and packaged food maker, is all set to unveil its first quarter 2012 results on March 27, 2012, before the market opens. The Zacks Consensus Estimate for the first quarter is 53 cents (year-over-year decrease of 7%), which is within the company's guidance range of 51 – 54 cents per share. The Zacks Consensus Revenue Estimate for the first quarter is $868 million (year-over-year increase of 11.0%).
Fourth Quarter Overview
McCormick's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

KB Home 1Q Falters As Orders Fall

Posted: 26 Mar 2012 08:30 AM PDT

KB Home (NYSE:KBH) reported adjusted net loss per share (excluding inventory impairment charges) of 51 cents in the first quarter of fiscal 2012, wider than the adjusted loss (excluding inventory and impairment charges and a loss on loan guarantee) of 47 per share in the year-ago quarter. Lower revenues and gross margins led to the wider loss in the quarter. The loss was far more than the Zacks Consensus Estimate of a loss of 23 cents per share.
Total revenue increased 29% year over year to $254.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Itron Introduces Green Button

Posted: 26 Mar 2012 08:30 AM PDT

Itron, Inc.(NASDAQ:ITRI) has introduced the green button functionality for the electricity customers by making it a standard feature in its energy data display software. The customers can now download the information on energy usage procedure and cost efficiency data just by clicking the green button. With the introduction of this facility, Itron is now among the first technology providers of green button.
The green button initiative intends to give the electricity consumers their own usage data … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Market Brewing In Coffee Futures

Posted: 26 Mar 2012 08:18 AM PDT

Monday, March 26, 2012
Higher supplies and potentially weakened demand may continue to pressure near-term futures prices. Some traders who are turning bearish towards Coffee may perhaps wish to explore bear spread strategies in Coffee futures. An example of a bear spread would be buying July 2013 Coffee and selling July 2012 Coffee. This spread is currently trading at a 16.00 July 2012 discount to the deferred July 2013 contract, and a trader executing a bear spread would want to see the July … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Litle Chaged As Iran Concerns Clash With Signs Of Economic Growth

Posted: 26 Mar 2012 08:00 AM PDT

03/26/12 Oil prices were steady Monday morning as invetors weighed between signs of economic improvements following German data and growing concerns of a possible supply disruption on Iranian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Turns Up Vs. Dollar After Bernanke Remarks

Posted: 26 Mar 2012 02:00 AM PDT

03/26/12 The euro erased a loss versus the dollar early Monday after Fed Chairman Ben Bernanke said the central bank’s low interest rate policy can help the labor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodity Currencies Rally, Japanese Yen Struggles As Fiscal Year Ends

Posted: 26 Mar 2012 06:45 AM PDT

Fundamental Headlines
- Frontier Currencies Irresistible as Naira Yields More – Bloomberg
- Pimco's Gross says Fed May 'Hint' at QE3 at April Meeting – Bloomberg
- U.S. Needs Faster Growth to Lower Unemployment: Bernanke – Reuters
- Merkel Backs Boost to Bailout Fund – WSJ
- U.K. Seeks Probe into China Death – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets rallied for the second consecutive day on Monday following slightly better than expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stock Futures Higher With German Confidence, Bernanke Speech

Posted: 26 Mar 2012 01:10 AM PDT

03/26/12 US stock futures rose Monday following positive remarks on the labor market from Fed Chairman Ben Bernanke and following positive economic data from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Fed, Gold, The S&P 500, & The Retail Mindset

Posted: 23 Mar 2012 05:10 PM PDT

"And if you look away, you'll be doing what they say.
And if you look alive, you'll be singled out and tried.
If you take home anything, let it be your will to think.
The more cynical you become, the better off you'll be.
Something to believe in."
~ The Offspring, Something to Believe In ~
 
The recent rally has been breathtaking, however the majority of investors have missed out on a large portion of these gains as significant levels of cash have been either moved to bond funds … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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