DailyMarkets.com - Edwards Files Response To CMS

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• Edwards Files Response To CMS
• TOTAL Expands Operation In Yemen
• Petrobras Starts Cascade Production
• Hot Option Plays: A Day At The Range
• February Sales Sizzle At Buckle
• Panic! Facebook Hit By Two-hour Blackout
• Jamba Offers New Juice Blends
• Ciena Misses 1Q Estimates
• Core Labs Poised At Neutral
• Applied Ups Buyback, Hikes Dividend
• Sara Lee To Pay Off Debt
• Smartphone, Tablet Devices: Cause For Concern?
• Duke University/CFO Survey: Cautiously Optimistic Recommended
• QCOM Boosts Shareholders’ Wealth
• Luxury Models Continue To Drive AN
• FDA Nod For Covidien’s Solitaire
• S&W Seed Co (SANW); Adding Acres For This Year’s Alfalfa Crop . Increasing Estimates For Revenue And Earnings.
• Standard Motor Beats By A Penny
• Commercial Natural Gas Falls To 9-Year Low In Dec.
• L-3 Gets Night Vision Devices Order
• Stock Market News Briefs: Intel, Merck & Company
• ADP Report Should Help Market
• Sprint, LightSquared Deal In Doubt
• Staples Raises Dividend
• Lexmark Targets Software Zone
• Fidelity Set To Issue Senior Notes
• New Cosi Unit In New Jersey
• CA’s Ecosoftware Finds A New Taker
• Safeway Provides 2012 Outlook
• ABB In Saudi Power Upgradation
• Neutral On CACI International
• Lincoln Buys Weartech Int.
• Exxon To Explore Papua New Guinea
• Crude Flirts With $106
• National Bank Of Poland Keeps Rate On Hold At 4.50%
• US Stocks Edge Higher, ADP Expands By 216K
• Euro Rises Despite Vulnerability To Greek Debt Uncertainty
• Stocks Rebound On Economic News

Edwards Files Response To CMS Posted: 07 Mar 2012 11:50 AM PST Edwards Lifesciences (NYSE:EW), a major player in the field of heart valves, has filed its official response to the Centers for Medicare & Medicaid Services (CMS) on the proposed National Coverage Determination ("NCD") for Transcatheter Aortic Valve Replacement ("TAVR"). In February this year, CMS had published a decision memo specifying the circumstances under which coverage should be provided. Earlier, in September 2011, the CMS had decided to initiate the NCD process. This … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TOTAL Expands Operation In Yemen Posted: 07 Mar 2012 11:35 AM PST Integrated oil and gas company TOTAL S.A. (NYSE:TOT) has acquired a 40% interest in the Block 3 exploration license from Papua New Guinea based Oil Search Limited. This acquisition will allow TOTAL to operate an area of 2,954 square kilometers (1,140.5 sq miles) in the eastern part of Marib Basin in Yemen. TOTAL will develop the project jointly with three other partners. The others to assist TOTAL in this project are Austrian energy company OMV, state-owned Yemen General Corporation for oil and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Petrobras Starts Cascade Production Posted: 07 Mar 2012 11:20 AM PST Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the commencement of oil production from the Cascade 4 well in the field of the same name on February 25. The Cascade field, along with another smaller concession Chinook, is located about 155.3 miles off the coast of Louisiana, at a water depth of 8,202.1 feet in the Lower Tertiary region of the U.S. Gulf of Mexico. The field remains well connected to the BW Pioneer floating production, storage and offloading vessel, or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: A Day At The Range Posted: 07 Mar 2012 11:18 AM PST Cusick’s Corner 03-07-2012 Nice bounce into the Midday but not the conviction, i.e. light volume, that would show that this is a one and done pullback. We are now in a trading area called “no man’s land”, an area that tennis players have heard before. This is where we do not know if we want to go long or short, in tennis this is where you could try to volley or hit a ground stroke. The fortunate part is that, unlike a tennis player, we can use this action to our advantage, especially if we see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

February Sales Sizzle At Buckle Posted: 07 Mar 2012 11:10 AM PST The Buckle Inc. (NYSE:BKE) reported net sales of $86.7 million in February 2011, up 17.4% from $73.9 million in the comparable month last year. The company's comparable store sales soared 14.9% in the reported moth. Women's side of business was a stronger performer in the month than the men's. Total sales for the men's side of business increased 14.5% year over year and represented 39.5% of total sales for the month, down 100 bps year over year. Sales from the women's side of business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panic! Facebook Hit By Two-hour Blackout Posted: 07 Mar 2012 11:05 AM PST 03/07/12 Social network website Facebook, which has around 850 million users worldwide, went down in several mainly European countries on Wednesday for around two … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jamba Offers New Juice Blends Posted: 07 Mar 2012 10:50 AM PST The leading healthy active lifestyle brand Jamba Inc. (NASDAQ:JMBA) continues to innovate its beverage line and is ready to hit the upcoming season with the launch of its juice blends platform from March 13. The new natural juice blend beverage platform will be launched in three flavors –– a blend of range juice, carrot juice, and bananas, a blend of fresh squeezed orange juice and mangos as well as a juice blend of fresh squeezed orange juice, strawberries, blueberries and raspberries –– … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ciena Misses 1Q Estimates Posted: 07 Mar 2012 10:40 AM PST Telecommunications network specialist Ciena Corp. (NASDAQ:CIEN) reported first quarter fiscal 2012 loss per share of 26 cents, worse than the Zacks Consensus Estimate of a loss of 17 cents. The reported loss per share widened from loss of 24 cents per share in year-ago quarter. Revenue During the first quarter 2012, total revenue decreased 3.8% year over year to $416.7 million and missed the Zacks Consensus Estimate of $421.0 million. Despite the year-on-year decline, the reported revenue surpassed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Core Labs Poised At Neutral Posted: 07 Mar 2012 10:40 AM PST We are maintaining a Neutral rating on Core Laboratories (NYSE:CLB), based on its package of top-class products and services, strong international exposure and healthy financial profile, partially offset by gas/oil price volatility and emergence of advanced technologies. Core Labs exhibits an array of proprietary products and services that position it to operate successfully in the current environment of low commodity prices. Moreover, the company's strong presence in the emerging shale plays … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Applied Ups Buyback, Hikes Dividend Posted: 07 Mar 2012 10:20 AM PST After reporting an encouraging first quarter last month, Applied Materials Inc. (NASDAQ:AMAT), the leading producer of chip making equipment, has authorized the repurchase of shares up to an additional value of roughly $3.0 billion over the next three years. The company has less than $1.0 billion available under the existing buyback plan which was started in 2010. Additionally, the company also announced its decision to hike quarterly dividend by one cent to 9 cents per share. This translates into a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sara Lee To Pay Off Debt Posted: 07 Mar 2012 10:10 AM PST Sara Lee Corporation (NYSE:SLE) recently announced that it will pay off upto $970 million of its outstanding debt. The food and coffee giant will redeem all of its 3.875% Notes due 2013 on April 6, 2012. The notes carry an aggregate outstanding principal amount of $500 million. The company has also begun a cash tender offer to purchase three series (6 1/8% Notes due 2032, 4.10% Notes due 2020 and 2.75% Notes due 2015) of its outstanding debt securities. The aggregate principal amount of the three … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Smartphone, Tablet Devices: Cause For Concern? Posted: 07 Mar 2012 10:10 AM PST 03/07/12 Shannon Kennedy, Pong Research’s CEO and President, discusses the company’s products for smartphones and tablet devices, and weighs in on consumer safety … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke University/CFO Survey: Cautiously Optimistic Recommended Posted: 07 Mar 2012 10:07 AM PST Hot off the press, I just received the Duke University/CFO Magazine Global Business Outlook Survey. The survey highlights reasons for real optimism domestically but with ongoing concerns and risks as well. Let's dispense with the formalities and dive right in to the voluminous amount of detail within this cutting edge and timely release. Where else are you getting this sort of real time insight? Let's navigate. DURHAM, N.C. — Optimism among U.S. and Asian chief financial officers jumped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

QCOM Boosts Shareholders’ Wealth Posted: 07 Mar 2012 09:50 AM PST Yesterday, Qualcomm Inc. (NASDAQ:QCOM) announced that its board of directors has approved a 16% hike in dividend rate effective immediately. Quarterly dividend rate moved up to 25 cents per share from 21.5 cents per share. Annualized dividend rate will be $1 per share. In addition, the board also authorized a new $4 billion share buyback program. The new stock repurchase program will replace the company’s existing $3 billion program, which had approximately $948 million of repurchase authority … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Luxury Models Continue To Drive AN Posted: 07 Mar 2012 09:35 AM PST AutoNation Inc. (NYSE:AN) revealed an impressive 17% rise in new vehicle sales to 19,994 units in February, mainly driven by strong sales growth in its Premium Luxury brands. This is the strongest sales increase in the past three months. Sales of the Domestic brands, which comprise stores that sell vehicles manufactured by General Motors (NYSE:GM), Ford Motor Co. (NYSE:F) and Chrysler LLC, grew 18% on a year-over-year basis to 6,179 units. Sales of the Import brands, comprising stores that sell vehicles … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Nod For Covidien’s Solitaire Posted: 07 Mar 2012 09:30 AM PST International health care products major Covidien (NYSE:COV) has won the green signal of the U.S. Food and Drud Administration ("FDA") for its Solitaire FR revascularization device designed to restore blood flow to the brain in patients with acute ischemic stroke. The device works by mechanically removing blood clots from blocked vessels. The Ireland-based company said that the product will be available in the U.S. starting April 2012. Stroke, a potentially fatal condition, is the fourth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&W Seed Co (SANW); Adding Acres For This Year’s Alfalfa Crop . Increasing Estimates For Revenue And Earnings. Posted: 07 Mar 2012 09:30 AM PST S&W Seed Co (SANW); Adding acres for this year’s alfalfa crop . Increasing estimates for revenue and earnings. Ian Gilson, CFA S&W Seed Co (SANW) has announced that it has added close to 360 acres to the 4,300 acres available for the cultivation of alfalfa at the end of the second quarter. This is compared to the 2,400 acres actually harvested in the fall of 2011. Of the current total 35% will be used by S&W for seed production, as opposed to buying seed from growers under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Standard Motor Beats By A Penny Posted: 07 Mar 2012 09:30 AM PST Standard Motor Products Inc. (NYSE:SMP) saw a profit of $3.9 million or 17 cents per share in the fourth quarter of 2011 compared with $2.6 million or 11 cents per share in the same quarter of 2010 (excluding non-operational gains and losses in both the quarters). With this, the company has beaten the Zacks Consensus Estimate by a penny. Consolidated net sales in the quarter rose marginally by $1.2 million to $174.2 million from $173 million in the corresponding quarter of 2010. The company had an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commercial Natural Gas Falls To 9-Year Low In Dec. Posted: 07 Mar 2012 09:30 AM PST The price of commercial natural gas fell to $8.28 per 1,000 cubic feet in December, according to data recently released by the EIA.  Adjusted for inflation, that’s the lowest price since September 2002, more than nine years ago, see chart … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

L-3 Gets Night Vision Devices Order Posted: 07 Mar 2012 09:12 AM PST Warrior Systems, a unit of L-3 Communications Holdings, Inc. (NYSE:LLL), has received a firm-fixed-price, indefinite-delivery/indefinite-quantity (“ID/IQ”) contract worth $50 million from the U.S. Navy's Naval Surface Warfare Center for its Binocular Night Vision Devices ("BNVD"). L-3 Communications' BNVD is a miniature dual-tube night vision goggle that features outstanding depth perception and supportability. Its mechanical format makes it the world's smallest, lightest, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Intel, Merck & Company Posted: 07 Mar 2012 09:12 AM PST     Shares of Skullcandy, Inc. (SKUL) lost 8.3% after its CFO Mitch Edwards stepped down     Shares of Merck & Company, Inc. (NYSE:MRK) moved down 2.6% after it projected first-quarter earnings below the Street's expectations. It also said that foreign exchange fluctuations might adversely affect sales     Intel Corporation (NASDAQ:INTC) announced the latest Xeon server chip and ended 0.2% higher, the only gainer among the 30 Dow … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADP Report Should Help Market Posted: 07 Mar 2012 09:12 AM PST Stocks should be able to recoup some of the losses from the day before following the reassuring labor market reading from payroll processor Automatic Data Processing (NYSE:ADP). The stock market took it on the chin on Tuesday as confusion about the intricate details of the Greek bond swap and the potential for a disorderly default took center stage. The issue is still there given the Thursday deadline for the deal, but the shift in focus today to the domestic labor market should help calm nerves … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sprint, LightSquared Deal In Doubt Posted: 07 Mar 2012 09:12 AM PST The 11-year deal between Sprint Nextel Corp. (NYSE:S) and the privately held LTE provider LightSquared seems to be fading, as GPS spectrum interference issues for the latter are not yet resolved. Last July, Sprint collaborated with LightSquared to host the latter's spectrum, providing network services and giving LightSquared roaming access to Sprint's 3G network. The deal could lessen the load on Sprint's network as the demand for wireless data is growing rapidly. However, LightSquared has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Staples Raises Dividend Posted: 07 Mar 2012 09:12 AM PST After only a week's hiatus since its earnings release on February 29, Staples Inc. (NASDAQ:SPLS), the global leader in the supply of office products, announced a dividend hike. Up Goes Dividend The Farmington, Massachusetts-based company, Staples, raised its annual dividend by 10% to 44 cents (or 11 cents quarterly) from 40 cents a share (or 10 cents quarterly). The company announced that the increased dividend will be paid on April 12, 2012, to stockholders of record on March 23, 2012. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lexmark Targets Software Zone Posted: 07 Mar 2012 09:12 AM PST Renowned imaging and printing solutions provider Lexmark International Inc. (NYSE:LXK) recently purchased Luxembourg-based software company BDGB Enterprise, along with its U.S. subsidiary Brainware Inc. Lexmark loosened up approximately $148.0 million to pay for the acquisition in cash. Lexmark did not say much about the post-acquisition position of parent company BDGB Enterprise, but asserted that the company's subsidiary, Brainware will form part of its Perceptive Software business segment. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fidelity Set To Issue Senior Notes Posted: 07 Mar 2012 09:12 AM PST Fidelity National Information Services (FIS) recently announced that it is set to raise $700.0 million (instead of $500.0 million) by issuing 5.0% senior notes maturing 2022, through a private placement. The offer is expected to close by March 19, 2012. Fidelity expects to use the net proceeds to pay off some of its secured debt in the near term. Only qualified institutional buyers are allowed to buy these senior notes as per regulations set by Rule 144 A under the Securities Act of 1933. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Cosi Unit In New Jersey Posted: 07 Mar 2012 09:11 AM PST Deerfield, Illinois-based Cosi Inc. (NASDAQ:COSI) recently announced that it has inked a deal with CRM Partners Inc., its franchisee in New Jersey, to open a new restaurant in Hackensack. The unit is scheduled to open in May and it will mark the fourth restaurant of the company in the state. The company currently operates 136 restaurants, out of which 80 are company-owned and 56 franchised. We believe the opening of the new restaurant in New Jersey, one of the most densely populated state in U.S as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA’s Ecosoftware Finds A New Taker Posted: 07 Mar 2012 09:11 AM PST CA Technologies (NASDAQ:CA) recently revealed that its leading software product CA ecoSoftware has found a new taker in Anvil Knitwear, Inc. for managing its sustainability program worldwide. Anvil believes that this software has the capability of improving the Return On Investment (ROI) of the company. CA ecoSoftware will help Anvil to better manage waste, water and energy to carry out its operations efficiently, optimize the use of raw materials and facilitate product manufacturing.  The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Safeway Provides 2012 Outlook Posted: 07 Mar 2012 09:11 AM PST One of the leading grocery chains in US, Safeway Inc. (NYSE:SWY) recently declared its fiscal 2012 financial guidance. The company expects to earn $1.90–$2.10 per share in 2012, surpassing the Zacks Consensus Estimate of $1.83. Notwithstanding the prevailing difficult macroeconomic condition leading to anticipated decline in sales volume, the high EPS expectation was on the back of several cost reduction initiatives on the company's part, which may lead to operating margin improvement. Also, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB In Saudi Power Upgradation Posted: 07 Mar 2012 09:11 AM PST ABB Ltd. (NYSE:ABB) received a Saudi contract to design, supply, install and commission five new substations in the country. The contract has been awarded by the Saudi Electricity Company (SEC), the national power transmission and distribution operator. ABB will construct the 110/13.8 kilovolt (kV) enhanced substations, which will meet the rising demand for electricity in the Western and Central regions of the country. There has been a continuous rise in the residential and commercial demand for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On CACI International Posted: 07 Mar 2012 09:11 AM PST We retain our Neutral recommendation on CACI International Inc. (CACI). A solid second quarter of fiscal 2012 brought forth revenues of $973.2 million, increasing around 12% year over year while earnings came in at $1.51 per share. This easily surpassed the Zacks Consensus Estimate of $1.39 per share. The strong sales along with the approbatory contract wins were the highlights of the quarter, which bolstered the revenues so comprehensively. There were a number of buy-back activities that the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lincoln Buys Weartech Int. Posted: 07 Mar 2012 09:11 AM PST Lincoln Electric Holdings, Inc. (NASDAQ:LECO) has recently completed the acquisition of Anaheim, California based Weartech International Inc. The financial terms of the transaction has not been disclosed by either of the companies. According to Lincoln, the acquisition will help in expanding the product portfolio of consumable goods and reach out to a wider customer base globally. Further, the company expects growth to accelerate in the cobalt welding consumable sector, enhancing customer … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon To Explore Papua New Guinea Posted: 07 Mar 2012 09:11 AM PST Esso PNG Exploration Ltd (Esso), a subsidiary of ExxonMobil Corporation (NYSE:XOM) and Australian company Oil Search have inked a $15 million contract with New Guinea Energy Ltd. to jointly acquire a Papua New Guinea exploration license. ExxonMobil and Australian company Oil Search will both hold a 50% interest in the Petroleum Prospecting License (PPL) 277 and will be liable to pay $7.5 million each. The agreement is contingent on receipt of the next extension of PPL 277 and other necessary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Flirts With $106 Posted: 07 Mar 2012 04:00 AM PST 03/07/12 Front month crude oil prices were rising to trade just a touch below $106 a barrel Wednesday on positive energy import news out of China and an improvement in U.S. private … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

National Bank Of Poland Keeps Rate On Hold At 4.50% Posted: 07 Mar 2012 08:42 AM PST The Narodowy Bank Polski’s Monetary Policy Council maintained its benchmark 7-day interest rate on hold at 4.50%.  The Bank said: “The Council decided to keep the NBP interest rates unchanged. The Council does not rule out the possibility of further monetary policy adjustments in the future, should the positive signs of economic activity in Poland continue and the outlook for inflation returning to the target fail to improve.” The Bank also kept the following interest rates … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Edge Higher, ADP Expands By 216K Posted: 07 Mar 2012 08:10 AM PST 03/07/12 The major equity averages opened with a modest gain, following Tuesday’s sharp selloff. Risk sentiment improved on the ADP report and more optimism over Greek PSI … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises Despite Vulnerability To Greek Debt Uncertainty Posted: 07 Mar 2012 02:00 AM PST 03/07/12 The euro rose against the dollar for the first time in six days on Wednesday, as markets await the outcome of the Greek debt restructuring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Rebound On Economic News Posted: 07 Mar 2012 01:00 AM PST 03/07/12 Upbeat headlines on the Greek debt swap, combined with private payroll data that beat Wall Street’s expectations, helped stocks stage a modest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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