Friday, March 23, 2012

DailyMarkets.com - Celanese Gets Govt. Approval In China

DailyMarkets.com - Celanese Gets Govt. Approval In China

Celanese Gets Govt. Approval In China

Posted: 23 Mar 2012 08:00 AM PDT

Recently, Celanese Corporation (NYSE:CE), a specialty material company, announced that it has received all government approvals necessary to modify its existing integrated acetyl facility at the Nanjing Chemical Industrial Park. The facility, which is scheduled to commence in mid 2013, is expected to boost ethanol production for industrial uses in China.
The facility will use Celanese's TCX ethanol process technology, which would help the company produce 30% to 40% additional ethanol compared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HON Launches New Advisory Services

Posted: 23 Mar 2012 08:00 AM PDT

Honeywell International Inc. (NYSE:HON) launched a fresh collection of professional services combining cloud-based tools and analytics with a global network of operations centers, along with energy and facility experts. The new Attune™ Advisory Services will reduce utility bills and operating expenses by up to 20%.
These services will enhance energy and operational efficiency of the building owners. With the technology and support of the new system, energy consumption and operating cost of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral Stance For Onyx Pharma

Posted: 23 Mar 2012 07:35 AM PDT

We continue to have a Neutral recommendation on Onyx Pharmaceuticals Inc. (NASDAQ:ONXX), which posted earnings of $1.44 per share in the fourth quarter 2011, in contrast to the Zacks Consensus Estimate of a loss of 56 cents and the year-ago loss of 37 cents per share. Higher revenues led to the rise in earnings.
We note that Onyx Pharma had filed a lawsuit against Bayer (BAYRY) in May 2009, accusing the latter of developing fluoro-sorafenib (or regorafenib) for kidney cancer. According to Onyx … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Darden Beats Overall

Posted: 23 Mar 2012 07:35 AM PDT

Darden Restaurants Inc. (NYSE:DRI) posted third quarter fiscal 2012 earnings from continuing operation of $1.25 per share, a penny ahead of the Zacks Consensus Estimate and above the year-ago  earnings of $1.08 per share.
Total revenue grew 9.3% from the prior-year quarter to $2,159.7 million and surpassed the Zacks Consensus Estimate of $2,144.0 million. Combined same-store sales for the company's three core brands, Olive Garden, Red Lobster and LongHorn Steakhouse, rose 4.1% and recorded … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dull 2Q For Micron

Posted: 23 Mar 2012 07:15 AM PDT

Micron Technology Inc. (NYSE:MU) reported adjusted second quarter fiscal 2012 loss per share of 23 cents, wider than the Zacks Consensus Estimate of loss per share of 18 cents.
Revenue
Micron reported revenues of $2.07 billion, down 8.4% year over year. The company witnessed sequential improvement in revenues from sales of NAND Flash products and DRAM products during the quarter. This can be attributed to a 20.0% increase in sales volumes, which is offset to a certain extent by decreases in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TiVo-Microsoft Drop Charges

Posted: 23 Mar 2012 07:05 AM PDT

TiVo Inc. (NASDAQ:TIVO) and Microsoft Corp. (NASDAQ:MSFT) have settled their ongoing patent litigation disputes by dropping all charges against each other. Since 2010, both the companies remained entangled in legal disputes that involved suits and counter suits relating to a certain DVR technology patent. However, Bloomberg reported that no monetary transaction was discussed in the settlement, and TiVo did not grant any patent rights to Microsoft.
In 2009, TiVo had sued AT&T Inc. (NYSE:T), a Microsoft … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Markets In Everything: Selling Comedy Online

Posted: 23 Mar 2012 07:01 AM PDT

NY Times: “Comics Are Now Selling Laughs by the Download”

“A handful of top-tier performers have begun producing stand-up specials on their own, posting them online and selling them directly through their personal Web sites, eliminating the editorial control of broadcasters and the perceived taint of corporate endorsements. 

The turning point arrived in December, when the comedian Louis C. K. released a stand-up special, "Live at the Beacon Theater," that was sold only as a $5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wet Seal’s EPS In Line, Revs Miss

Posted: 23 Mar 2012 06:50 AM PDT

Wet Seal Inc. (NASDAQ:WTSLA) reported fourth quarter 2011 earnings of 3 cents per share that slipped 57.1% from the year-ago period. However, reported earnings per share (EPS) were in line with Zacks Consensus Estimate.
Fiscal 2011 earnings remained flat year over year, at 19 cents per share, in line with the Zacks Consensus Estimate.
The year-on-year downfall in the net earnings was due to decline in revenues. Lower sales in the tops business offset the strong performance in the denim and other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Advances In Drilling Technology Are Creating A Revolution And Turnaround For U.S. Oil Output

Posted: 23 Mar 2012 06:36 AM PDT

In the NY Times, “From Engineering Marvels, a Turnaround in U.S. Oil Output”

“Just a decade ago, complete wells were fracked at the same time with millions of gallons of water, sand and chemical gels. Now the wells are fracked in stages, with various kinds of plugs and balls used to isolate the bursting of rock one section at a time, allowing for longer-reaching, more productive horizontal wells. A well that once took two days to drill can now be drilled in seven hours.

For instance, when the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Growth Worries To Send Market Lower?

Posted: 23 Mar 2012 06:35 AM PDT

The market appears to have lost some of its stride in the last few days as China growth worries have come to the fore, even as readings of the U.S. economy continue to show resilience. But stocks don't move in one direction only, and a period of rest and recuperation following the impressive sprint from the October lows shouldn't be such a huge surprise.
Today's trading action may not be much different from what we have been seeing lately, though the pronounced downward bias of the last … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sonic A Penny Ahead

Posted: 23 Mar 2012 06:35 AM PDT

Sonic Corp. (NASDAQ:SONC) reported second quarter 2012 adjusted earnings of 3 cents per share, surpassing the Zacks Consensus Estimate as well as year-ago earnings by a penny. However, on a GAAP basis, quarterly earnings were 3 cents, down from the year-ago earnings of 7 cents per share.
Total revenue in the reported quarter inched up 1.4% year over year to $115.1 million. The growth was buoyed by improved same-store sales partially offset by a decline from the refranchising of 31 stores during the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Majors Trade In Narrow Range Versus U.S. Dollar; Kiwi Leads

Posted: 23 Mar 2012 06:33 AM PDT

Fundamental Headlines
- Canada February Core Inflation Rate Fastest in Three Years – Bloomberg
- Fed's Bullard Sees Price Threat from G-7 Delaying Tighter Policy – Bloomberg
- Intel Shows Iran Nuclear Threat Not Imminent – Reuters
- Fed Official Nods to 'Volcker' Route – WSJ
- SEC Probes Rapid Trading – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets were little changed in the overnight as little data on the economic front offered no direction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: ConAgra Foods, FuelCell Energy, FedEx Corporation

Posted: 23 Mar 2012 06:30 AM PDT

    The world's largest operator of cargo airlines, FedEx Corporation (NYSE:FDX) lost 3.5% after it estimated lower-than-expected current quarter earnings and said that the economy has softened

    FuelCell Energy, Inc. (NASDAQ:FCEL) announced that it will sell 20 million shares at $1.50 each. Subsequently the stock plunged 11.9%

    ConAgra Foods Inc. (NYSE:CAG) reported third-quarter fiscal diluted earnings per share of $0.65, which surpassed the Zacks … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Netflix Streams First Horror Series

Posted: 23 Mar 2012 06:25 AM PDT

Starting early 2013, Netflix Inc. (NASDAQ:NFLX) will stream an original horror series, "Hemlock Grove". The company acquired the exclusive rights to stream the first season, comprising of 13 episodes, and it would be Netflix's maiden venture into the original horror series. The show is being produced by Gaumont International Television and will star Famke Janssen and Bill Skarsgard.
Netflix has been consistently updating its video library with content additions and has acquired the exclusive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Scripps Networks Expands Globally

Posted: 23 Mar 2012 06:05 AM PDT

Yesterday, Scripps Networks Interactive Inc. (NYSE:SNI) has entered into an agreement to buy the U.K.-based Travel Channel International Ltd. (TCI) for a total consideration of approximately $103 million. The deal is expected to be closed by the second quarter of 2012, subject to the regulatory approval.
TCI distributes Travel Channel brand in 20 different languages in 91 countries across Europe, Africa, Middle East and Asia Pacific regions. Further, the company made affiliate agreement with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Novatel Upgraded To Outperform

Posted: 23 Mar 2012 05:50 AM PDT

We upgraded our recommendation on Novatel Wireless Inc. (NASDAQ:NVTL) to Outperform based on our believe that the company's overall financials will improve in 2012 supported by huge market traction of  Novatel's 4G products, especially the 4G MiFi intelligent hotspots and 4G Expedite embedded solution. The company is systematically upgrading its existing customers to its innovative 4G product suite.
Novatel's diversification into machine-to-machine (M2M) intelligent asset management … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Charting Barrier Breakout Levels In EEM And EFA

Posted: 23 Mar 2012 05:49 AM PDT

Traders and investors often use popular ETFs EEM and EFA for assessing overseas markets quickly, so let's take a moment to view the key short-term barrier levels – mainly resistance and support – to watch for any key breakout from this area.
Let's start with Emerging Markets EEM Daily:

Let's start with a brief description of the trend in motion (which applies to both charts).
Price is in a tenuous Daily Chart Uptrend as suggested by the bullish 20/50 EMA along with a short-term … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Revisits Salt Lake City

Posted: 23 Mar 2012 05:35 AM PDT

Recently, Nordstrom Inc. (NYSE:JWN), a leading fashion specialty retailer in the United States, announced the opening of a new store in Salt Lake City, Utah.  The company through its latest store will offer high quality apparel, shoes, cosmetics and accessories for men, women and kids.
The new 125,000 square foot showroom will offer both branded and private label merchandises. Residents of the region will have the benefit of buying designer apparel from renowned brands like Dries Van Noten, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lululemon Beats, Touches $1bn Mark

Posted: 23 Mar 2012 05:20 AM PDT

Continuing with its solid top-line performance along with leveraged operating expenses, Lululemon Athletica Inc. (NASDAQ:LULU), the leading yoga-inspired athletic apparel and accessories retailer, yet again posted a better-than-expected quarterly result. The company's recently reported fourth-quarter 2011 earnings of 51 cents per share surged 34.2% from the prior period, handily beating the Zacks Consensus Estimate of 49 cents per share.
Quarter in detail
The company’s 26% increase in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Look To US New Home Sales For Direction, Italy A Wildcard

Posted: 23 Mar 2012 02:01 AM PDT

Talking Points

Crude Oil, Copper Aim Higher Before US New Home Sales Report
Gold and Silver to Fall if QE3 Expectations Continue to Dissipate
Fate of Italian Labor Reforms May Shape Risk Sentiment Trends

Commodity prices are looking to the US New Home Sales report for direction. Expectations call for a print at 325,000 in February, marking the strongest result in 14 months. A print in line with forecasts is likely to boost sentiment-sensitive crude oil and copper prices on hopes that a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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