Thursday, March 1, 2012

DailyMarkets.com - Mylan Launches Generic Lexapro

DailyMarkets.com - Mylan Launches Generic Lexapro

Mylan Launches Generic Lexapro

Posted: 01 Mar 2012 10:05 AM PST

Mylan, Inc. (NYSE:MYL) recently announced that it has launched the first generic equivalent of  Forest Laboratories’ (NYSE:FRX) antidepressant Lexapro. The drug is indicated for the treatment of acute and maintenance treatment of major depressive disorder (MDD) and acute treatment of generalized anxiety disorder (GAD).
Lexapro is protected by a composition-of-matter patent that will expire on March 14, 2012. As per terms of a patent litigation settlement between Forest and Mylan's subsidiary … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starwood W Hotel Steps In France

Posted: 01 Mar 2012 09:50 AM PST

W, one of the high-end brands of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) finally stepped into France. Located in the heart of Paris, W Paris – Opéra features 91 stylish guest rooms including 20 suites and two presidential suites along with many other amenities. Owned by Barcelona-based Meridia Capital, the hotel is set inside a historic heritage building near Opéra Garnier.
Starwood set a new trend in hotel designs with its W brand and remains on the track to spread its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian To Exhibit At The ECR 2012

Posted: 01 Mar 2012 09:35 AM PST

Leading integrated radiotherapy systems maker Varian Medical Systems (NYSE:VAR) will be showcasing its X-ray tubes and PaxScan flat panel image detectors at the European Congress of Radiology ("ECR") annual meet, scheduled to be held in Vienna, Austria, from March 1-5. ECR is the annual meeting of the European Society of Radiology ("ESR") and is the largest radiological meeting in Europe.
The California-based company will exhibit, at the ECR 2012, a range of PaxScan flat panel detectors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Principal Approves Buyback

Posted: 01 Mar 2012 09:20 AM PST

To return more value to its shareholders, the board of directors of  Principal Financial Group (NYSE:PFG) approved a share repurchase program wherein the company is authorized to buy back up to $100 million worth of shares.
The authorization is a part of the company's strategy to deploy $800–900 million in 2012 in acquisitions, dividend payments and share repurchases.
In 2011, the company had deployed $1 billion of capital in acquisitions, dividend payments and repurchasing shares.
The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hercules Beats Estimates

Posted: 01 Mar 2012 09:05 AM PST

Hercules Technology Growth Capital Inc.'s (NASDAQ:HTGC) fourth quarter 2011 distributable net operating income (DNOI) came in at 27 cents per share, surpassing the Zacks Consensus Estimate of 24 cents. This also compared favorably with the prior quarter's DNOI of 22 cents and the prior-year quarter's DNOI of 26 cents.
Results in the quarter benefited from a substantial increase in total investment income and net realized and unrealized gain, partly offset by higher operating expenses. Overall, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

United Continental’s New Labor Deal

Posted: 01 Mar 2012 08:50 AM PST

Following the labor agreement with International Brotherhood of Teamsters, United Continental Holdings (UAL) has reached another milestone in integrating its workforce by ratifying a new labor agreement involving 15,000 United Airlines flight attendants represented by the Association of Flight Attendants (AFA). 
According to the deal, United's employees under AFA will receive a 10% compensation hike and a signing bonus of $5,000. Additionally, this new contract will expedite the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PULSE Declares Strong Results

Posted: 01 Mar 2012 08:35 AM PST

Recently announced, PULSE, a Discover Financial Services (NYSE:DFS) company reported strong results for its fiscal year 2011. The company increased its market acceptance at more than 380,000 ATMs worldwide in 2011, increasing 8.6% annually. It also added around 129 direct financial institution participants in the full year to its vast network.
Furthermore, PULSE increased its total transaction volume by 16% year over year to a whopping 3.8 billion and also proliferated its total dollar volume by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Leucadia Again Rated Neutral

Posted: 01 Mar 2012 08:25 AM PST

 
We recently maintained a Neutral recommendation on Leucadia National Corporation (NYSE:LUK), expecting the company to perform in line with the market.
We believe the company largely benefits from its extensive diversifications into a variety of businesses including manufacturing, oil and gas drilling services, gaming entertainment, real estate activities, medical product development operations and various other investment activities.
Moreover, Leucadia's strategy to grow through … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Big Ben Causes A Gold Panic

Posted: 01 Mar 2012 08:23 AM PST

Thursday, March 1st
For many Gold traders, QE3 was almost a foregone conclusion, so when Fed Chairman Ben Bernanke indicated that the Fed may not inject any more liquidity into the financial markets, panic ensued. With the US economy stabilizing and other central banks being fast and loose with their monetary policy, there are still plenty of reasons to fear inflation. Technically, the implosion yesterday did some chart damage, but can hardly be seen as a reversal. If, however, 1680 is broken … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Value Investing In Europe With Ensco (NYSE: ESV)

Posted: 01 Mar 2012 08:17 AM PST

No one is really sold on Europe at the moment. And that's okay.
I think European companies offer some intriguing opportunities right now. Particularly in the energy sector.
We always stress that investors should have a portion of their portfolios allocated in international stocks. To build this, you don't necessarily want to go with more risky micro-cap companies. You want to first add strong companies with great growth prospects at a value.
Since the start of the year, I've written about … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zumiez Posts Strong February Comps

Posted: 01 Mar 2012 08:05 AM PST

Zumiez Inc. (NASDAQ:ZUMZ), a U.S. Specialty retailer selling action sports related apparel, footwear, equipment and accessories, reported comparable store sales (comps) and sales results for the four-week period ended February 25, 2012. 
Zumiez's comps for the month of February 2012 rose 14.2%, above the February 2011 comps increase of 12.8% on account of higher prices realized during the period. Net sales for the period marked an increase of 23.0% to $40.2 million from $32.7 million reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Dollar Catches Up To Oil; Euro Dilution In Full Effect

Posted: 01 Mar 2012 08:03 AM PST

Fundamental Headlines
- Bernanke Quells Talks of Fresh Fed Stimulus – Bloomberg
- Euro Ministers Set to Clear Greek Rescue Plan – Bloomberg
- Jobless Claims Hover Near 4-year Lows – Reuters
- China's Share of Reserves in U.S. Dollar Dives – WSJ
- U.S. Spending, Income Rise – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets took a turn higher again on Thursday on the back of stronger than expected Chinese and European manufacturing surveys. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slips Versus Greenback

Posted: 01 Mar 2012 03:00 AM PST

03/01/12 The euro slipped this morning against the dollar following strong U.S. jobs and income data which helped boost interest in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slips Versus Greenback

Posted: 01 Mar 2012 08:00 AM PST

03/01/12 The euro slipped this morning against the dollar following strong U.S. jobs and income data which helped boost interest in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Congressional Barbershops: Private “House Cuts” Is Profitable, “Senate Hair Care” Got $300k Bailout

Posted: 01 Mar 2012 07:50 AM PST

From The Daily:

“While the Senate barbershop is federally subsidized, the House barbershop is a private business. Its three employees, one of whom is part time, are independent contractors. The House barbershop was privatized in 1994, a decision that House Republicans made after they took control of the lower chamber for the first time in decades.

The dueling business models of the congressional barbershops have produced different financial results. While the Senate barbershop required a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims Fall Again To March 2008 Level And Could Reach Pre-Recession Levels Within 6 Weeks

Posted: 01 Mar 2012 07:21 AM PST

Weekly jobless claims fell last week to 354,000 (four-week average), dropping to the lowest level since mid-March 2008 almost four years ago, in another sign of improvement in the U.S. labor market.  This marks the seventh consecutive weekly decline in the four-week moving average, and the 12th decline in the last 13 weeks.  At the average rate of weekly declines over the last three months (-3,350), jobless claims will be back to pre-recession November 2007 levels within the next 5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Data Keeps Oil Above $107

Posted: 01 Mar 2012 07:00 AM PST

03/01/12 Front month crude oil prices continued to jump this morning following a series of strong U.S. economic reports including an improvement in personal spending and a slide in unemployment benefit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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