DailyMarkets.com - New Surgical Devices From Covidien
DailyMarkets.com - New Surgical Devices From Covidien |
- New Surgical Devices From Covidien
- ViroPharma’s Cinryze Reaches UK
- Costco’s Steady Start In 2012
- Statoil To Sell West Qurna 2 Stake
- BioScrip Posts Mixed 4Q
- Oil Prices, Currency Boost Sasol
- Ferrellgas Misses Both Counts In 2Q
- H-P To Serve Automobile Club
- Guilfoyle: “What Fed Says Will Affect Equities, Commodities”
- VOD, Cable & Wireless Deal Extended
- Sinopec Strikes Gas At Yuanba 9
- Central Bank News Link List – 13 Mar 2012
- Note Offering From Genworth
- Forex Trading: GBPUSD Up/down/up/down Pattern Being Tested On Break Above.
- Spin-off Demand Mounts On Hartford
- S&P Upgrades CIT Ratings
- Fluor Teams Up With Dow Chemical
- State Bank Of Vietnam Cut Refinancing Rate 100bps To 14%
- Forex Trading: NZDJPY Falls Below 200 Hour MA
- Forex Trading: USDCAD Moves Toward 100 Hour MA
- Forex Trading: USDCAD Between The Goal Posts
- Forex Trading: EURUSD Moves To New Day Highs
- Ecolab Boosts Brazil Biz
- Hilltop Outperforms In 4Q
- Video Game Sale: The Slump Persists
- Stock Market News Briefs: Express Scripts, MedcoHealth Solutions Inc, Quest Software, Starbucks Corporation
- Ardea Posts Lower Revs, Wider Loss
- Canadian Natural Misses
- Important Data Outlook
- Earnings Beat For Osiris
- PSMH: Scaling Back Estimates And Target Price Following Second Quarter
- A New Taker For Dell’s OEM Solutions
- PSMH: Scaling Back Estimates And Target Price Following Second Quarter
- RIO Aluminium Biz To Shut Smelter
- Positive Data On Novartis’ Signifor
- Sprint Launches Budget Android
- Wal-Mart Finally Gets Massmart
- CACI International Bags GSA Contract
- POSCO Expands STS Capacity
- Shale Gas Brings Prosperity To Appalachia
- More Credit Card Accounts Opening While Late Payments Decrease
- Wall Street Struggles For Direction
- Monday Morning Links
- Dollar Rises To Highest Level Against Euro In A Month
- Short Term Key Levels To Watch In Gold March 12
- Monster Employment Index Gains 11% In February
- Oil Prices Slide On Global Growth Worries
- Employment Trends Index Reaches 3.5 Year High
- Commodity Currencies Dragged Under By Deteriorating Chinese Outlook
- James Koutoulas: JP Morgan Insult Added To MF Global Injury
- US Stock Futures Fall Before Euro-area Meeting
- Appreciating China To Its Fullest
New Surgical Devices From Covidien Posted: 12 Mar 2012 12:05 PM PDT International health care products major Covidien (NYSE:COV) recently launched three novel surgical devices geared to offer significant benefits to physicians and better patient outcomes. |
ViroPharma’s Cinryze Reaches UK Posted: 12 Mar 2012 11:50 AM PDT ViroPharma Inc. (NASDAQ:VPHM) recently announced that its lead drug, Cinryze (intravenous formulation) is now available in the United Kingdom (UK) for the prevention, pre-procedure prevention, and treatment of attacks of hereditary angioedema (HAE) in adolescent and adult patients. |
Posted: 12 Mar 2012 11:40 AM PDT Costco Wholesale Corporation (NASDAQ:COST) continues to be a dominant retail wholesaler based on the breadth and quality of merchandises it offers. The company's strategy to sell products at heavily discounted prices has helped it to remain on a positive growth track amid the beleaguered economic conditions as budget-conscious customers continue to see it as a viable option for low-cost necessities. Having delivered comparable-store sales growth consistently, Costco is well positioned in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Statoil To Sell West Qurna 2 Stake Posted: 12 Mar 2012 11:25 AM PDT Norwegian oil giant, Statoil ASA (NYSE:STO) intends to offload its stake in the West Qurna 2 project in the southern Iraq to the Russian behemoth Lukoil OAO. The deal mainly reflects Statoil's move to concentrate on its resources located in a less hazardous regions while making Lukoil the sole overseas associate in one of Iraq’s biggest new oil ventures. |
Posted: 12 Mar 2012 11:15 AM PDT Specialty pharmacy services provider, BioScrip Inc. (NASDAQ:BIOS) reported EPS of 12 cents in the fourth quarter of fiscal 2011, much better than the year-ago quarter loss of $1.25 per share. Reported results also surpassed the Zacks Consensus Estimate of 9 cents. However, the company in the year-ago quarter recorded a non-cash charge for deferred tax asset reserve of $54 million. |
Oil Prices, Currency Boost Sasol Posted: 12 Mar 2012 11:15 AM PDT Sasol Ltd. (NYSE:SSL) announced strong results for the six months ended December 31, 2011, aided by higher oil prices and a favorable exchange rate, partially offset by lower overall production volumes. |
Ferrellgas Misses Both Counts In 2Q Posted: 12 Mar 2012 11:15 AM PDT Ferrellgas Partners L.P. (NYSE:FGP) reported pro forma earnings per unit of 47 cents for the second quarter of fiscal 2012, ending on January 31, 2012 versus 31 cents reported on January 31, 2011. The quarterly earnings lagged the Zacks Consensus Estimate of 78 cents per unit. |
Posted: 12 Mar 2012 11:05 AM PDT Hewlett-Packard Company (NYSE:HPQ) recently announced another win for its Enterprise Services unit. The tech giant clinched a 5-year service deal with the Royal Automobile Club of Cataluña (RACC). Financial details of the deal were kept confidential. |
Guilfoyle: “What Fed Says Will Affect Equities, Commodities” Posted: 12 Mar 2012 10:59 AM PDT 03/12/12 Meridian Equity Partners’ Stephen Guilfoyle weighs in on China’s trade deficit, and discusses this week’s key events and expectations for US economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
VOD, Cable & Wireless Deal Extended Posted: 12 Mar 2012 10:50 AM PDT British mobile phone giant Vodafone Group Plc (NYSE:VOD) has granted an extension until March 29 to make a potential bid for the acquisition of Cable & Wireless Worldwide Plc. |
Sinopec Strikes Gas At Yuanba 9 Posted: 12 Mar 2012 10:35 AM PDT China's state-owned energy company, China Petroleum & Chemical Corp. or Sinopec (NYSE:SNP) has come across massive gas reserves during the drilling of exploration wells in the Yuanba field, in Sichuan province. |
Central Bank News Link List – 13 Mar 2012 Posted: 12 Mar 2012 10:22 AM PDT This is the inaugural Central Bank News link list. This is a move to expand the coverage of the website to bring our readers some of the best and most interesting stories around the world on central banking and monetary policy. Basically just another step towards making Central Bank News the ultimate resource for central banking news and information. Feedback is always welcome, and comments are highly encouraged. China’s central bank has new ideas for managing foreign reserves, will maintain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 12 Mar 2012 10:20 AM PDT Genworth Financial Inc. (NYSE:GNW) will offer senior unsecured notes worth $350 million bearing a coupon of 7.625% with maturity scheduled in 2021. |
Forex Trading: GBPUSD Up/down/up/down Pattern Being Tested On Break Above. Posted: 12 Mar 2012 10:18 AM PDT The GBPUSD has been moving up and down in the NY session and has just broken above the topside channel trendline. That is the bullish news. The bearish news is the price held the resistance against the 100 bar MA (see blue line in the chart above). So the question comes for the buyers from below, "{Will the price extend higher or will the price fail and come back down?" Needless to say the action is not typical so this puts the element of doubt in market traders as to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Spin-off Demand Mounts On Hartford Posted: 12 Mar 2012 10:10 AM PDT Hartford Financial Services Group Inc. (NYSE:HIG) is facing mounting pressure from its largest investor – hedge fund manager, John Paulson – to spin-off its property and casualty (P&C) business. The hedge fund manager, who holds an 8.51% stake in the company through Paulson & Co., insists that a split of Hartford's life insurance and P&C business can boost its share value by up to 62%. |
Posted: 12 Mar 2012 10:00 AM PDT On Friday, Standard & Poor’s (S&P) upgraded CIT Group Inc's (NYSE:CIT) long-term Issuer Credit Ratings (ICRs) and affirmed the ratings outlook on the company. The agency raised the company's ICRs to "BB-" from "B+", while retaining the ratings outlook at "Stable". |
Fluor Teams Up With Dow Chemical Posted: 12 Mar 2012 10:00 AM PDT Recently, Fluor Corporation (NYSE:FLR) and Dow Chemical Company (NYSE:DOW) entered into an agreement to provide Strategic Global Engineering, Procurement, Construction (EPC) and Construction Management services to support Dow's global capital projects program covering all Dow products. The agreement is for a period of three years, with an option to be extended by up to five years. Any upcoming new projects worldwide are also included in the agreement. |
State Bank Of Vietnam Cut Refinancing Rate 100bps To 14% Posted: 12 Mar 2012 09:37 AM PDT The State Bank of Vietnam (SBV) cut the refinancing rate 100 basis points to 14.00% from 15.00% previously; also cutting the inter-bank rate to 15.00% and discount rate to 12.00% by the same margin. The SBV said: “In response to the guidelines of the Government… on key solutions to realize the socio-economic development plan and state budgeting for 2012; on the basis of the downward trend of inflation and the capital supply-demand of the market, the Governor of the State … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Forex Trading: NZDJPY Falls Below 200 Hour MA Posted: 12 Mar 2012 09:22 AM PDT The NZDJPY has fallen below the 200 hour MA after spending most of the last few days above the flattening moving average. The move above the 200 hour MA (at 67.14) on Thursday should have led to further upside momentum – and it did – but that momentum could not be sustained and the move below the level has taken some of the bullishness away from the bulls. Traders will be watching the 200 hour MA today to see if the sellers have the strength to stay in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Forex Trading: USDCAD Moves Toward 100 Hour MA Posted: 12 Mar 2012 09:22 AM PDT The USDCAD has broken above the 200 hour MA and is heading up toward the 100 hour MA as it enters back in between the "goal posts" as defined by the 100 and 200 hour MAs. The 100 hour MA comes in at the 0.9951 level. Just before that level is the 0.9947 level where the 50% of the move down from last Wednesday's high to the low on Friday comes in. I would expect sellers against the level on the first test, with stops on a break higher. Look for support at 0.9924-29 now (200 hour MA and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Forex Trading: USDCAD Between The Goal Posts Posted: 12 Mar 2012 09:22 AM PDT The USDCAD moved above the 100 hour MA and entered back between the Goal Posts as defined by the 100 and 200 hour MAs. The price has upside resistance against the 100 hour MA and 50% resistance agaisnt the 0.9947-50 area. On the downside, the 0.9929 and the 200 hour MA at the 0.9924 are support levels. The bulls and bears fight it out when the MA are spread apart. It is a neutral zone for traders. Typically, the price action stall between the levels until the market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Forex Trading: EURUSD Moves To New Day Highs Posted: 12 Mar 2012 09:22 AM PDT The last hour of the London session is approaching and the price has pushed to new highs for the day. The London high, prior to this last push, came in at the 1.3134 level. The new high now comes in at the 1.3145 (so far). The range for the day still remains at a small 67 pips. The average over the last 20 days comes in at 120 pips. There is room to roam. |
Posted: 12 Mar 2012 09:21 AM PDT In a bid to expand its rapidly growing Brazilian institutional business, U.S. cleaning and sanitation products major Ecolab Inc (NYSE:ECL) has scooped up Sao Paulo-based Econ Industria e Comercio de Produtos de Higiene e Limpeza Ltda, which provides cleaning and sanitizing products and services to the foodservice industry in Brazil. |
Posted: 12 Mar 2012 09:07 AM PDT On Friday, Hilltop Holdings Inc. (NYSE:HTH) filed its 10-K to report results for the quarter ending December 31, 2011. For the fourth quarter of 2011, net income attributable to common stockholders increased to $5.0 million or 9 cents per share from $1.0 million or 2 cents per share in the year-ago period. Earnings per share also surpassed the Zacks Consensus Estimate of 2 cents. |
Video Game Sale: The Slump Persists Posted: 12 Mar 2012 09:02 AM PDT February 2012 was no different for the video gaming industry as it continued to report detrimental sales figures on year-over-year basis. According to market research firm, The NPD Group, US sales for February 2012 was down 20.0% from the comparable previous year to $1.06 billion. The decline can be attributable to the lack of major titles being released by publishers. However, sales figures improved from $750.6 million recorded in January 2012. |
Posted: 12 Mar 2012 09:02 AM PDT Starbucks Corporation (NASDAQ:SBUX) launched the latest espresso brewer and announced that the company will be selling single-cup coffee machines According to reports, the Federal Trade Commission will not obstruct the merger of Express Scripts, Inc. (NASDAQ:ESRX) and MedcoHealth Solutions Inc (NYSE:MHS). Following this development, these stocks gained 1.7% and 1.4%, respectively Shares of Quest Software, Inc. (NASDAQ:QSFT) jumped 24.1% following … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Ardea Posts Lower Revs, Wider Loss Posted: 12 Mar 2012 09:02 AM PDT Ardea Biosciences Inc.'s (NASDAQ:RDEA) fourth quarter 2011 net loss of $1.15 per share was wider than the year-ago loss of 3 cents per share. The wider loss was attributable to the lower revenues and higher operating costs in the final quarter of 2011. The Zacks Consensus Estimate hinted at a loss of 87 cents per share. |
Posted: 12 Mar 2012 09:02 AM PDT Independent oil and gas explorer Canadian Natural Resources Ltd. (CNQ) reported weak fourth-quarter and full year 2011 results, hurt by lower volumes in North Sea and Offshore Africa, lower realized natural gas prices and steeper production costs. |
Posted: 12 Mar 2012 09:02 AM PDT Stocks will likely not do much in today's trading session given the absence of anything meaningful on the economic calendar. But we do have a host of economic reports on deck for the rest of this week that will likely further confirm the improving outlines of the domestic economic outlook. |
Posted: 12 Mar 2012 09:02 AM PDT Osiris Therapeutics Inc. (NASDAQ:OSIR) reported fourth quarter earnings of 15 cents per share, beating the Zacks Consensus Estimate of 11 cents and the year-ago earnings of 13 cents. Revenues for the quarter came in at $10.3 million, below the Zacks Consensus Estimate of $11 million and the year-ago revenues of $10.7 million. |
PSMH: Scaling Back Estimates And Target Price Following Second Quarter Posted: 12 Mar 2012 09:02 AM PDT PSMH: Scaling Back Estimates and Target Price Following Second Quarter PSM Holdings, Inc. (PSMH) posted a net loss of $0.5 million, or a loss per share of $0.02, for 2012's fiscal second quarter, ending December 31, 2011. This compares to a fiscal first quarter (ending September 30, 2011) net loss of $1.1 million, or a loss per share of $0.05. Both quarters reflect the adoption of PSMH's new business model. Earnings were below our second quarter diluted EPS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
A New Taker For Dell’s OEM Solutions Posted: 12 Mar 2012 09:02 AM PDT Information Technology (IT) major Dell Inc. (NASDAQ:DELL) recently announced that it has found a new taker for its "Dell OEM Solutions". The company has struck a deal with Panama-based small-business start-up Gratifon S.A., whereby Dell will provide its industrial OptiPlex XE PCs and cloud services. Dell's technology will be used in Gratifon's 50 kiosks, enabling them to provide free sponsored phone calls to residents and tourists in Panama. Moreover, Dell's OEM solutions will facilitate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
PSMH: Scaling Back Estimates And Target Price Following Second Quarter Posted: 12 Mar 2012 09:02 AM PDT PSMH: Scaling Back Estimates and Target Price Following Second Quarter PSM Holdings, Inc. (PSMH) posted a net loss of $0.5 million, or a loss per share of $0.02, for 2012's fiscal second quarter, ending December 31, 2011. This compares to a fiscal first quarter (ending September 30, 2011) net loss of $1.1 million, or a loss per share of $0.05. Both quarters reflect the adoption of PSMH's new business model. Earnings were below our second quarter diluted EPS … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
RIO Aluminium Biz To Shut Smelter Posted: 12 Mar 2012 09:02 AM PDT Recently, the leading international miner Rio Tinto plc's (NYSE:RIO) Aluminium Business 'Rio Tinto Alcan' announced to close down the Lynemouth aluminium smelter in Northumberland, England on 29 March 2012. After a thorough strategic review of the plant and a fair and transparent consultation process with employee representatives, the company came to the conclusion of such closure. |
Positive Data On Novartis’ Signifor Posted: 12 Mar 2012 09:02 AM PDT Recently, Novartis (NYSE:NVS) announced that data from a late-stage trial on Signifor (SOM230, pasireotide) was published in the New England Journal of Medicine. The phase III trial data evaluated Signifor in patients suffering from Cushing’s disease. Results from this study were first announced on September 22, 2010. |
Sprint Launches Budget Android Posted: 12 Mar 2012 09:02 AM PDT Given the growing market for Google's (NASDAQ:GOOG) Android-based smartphones, Sprint Nextel Corporation (NYSE:S) is adding another such device to its existing line of Android smartphones. The company launched ZTE Fury, an Android 2.3 Gingerbread smartphone at $19.99 after a rebate of $50.00. The USP of the phone not only lies in having an Android operating system but also in its pricing which remains pocket friendly. |
Wal-Mart Finally Gets Massmart Posted: 12 Mar 2012 09:02 AM PDT Retail giant Wal-Mart Stores, Inc. (NYSE:WMT) has finally won the approval from a South African court for its proposed acquisition of Massmart Holdings Ltd., the third largest retailer of South Africa. |
CACI International Bags GSA Contract Posted: 12 Mar 2012 09:02 AM PDT CACI International Inc. (CACI) recently announced that it has received a $78 million contract to provide infrastructure reformation services at the U.S. Air Force Office of the Civil Engineer's NexGen IT program. The contract pertains to a one-year base period and four option years. |
Posted: 12 Mar 2012 09:02 AM PDT Korean steel producer, POSCO (NYSE:PKX) has been investing for long in stainless steel to capitalize on the growing demand for the same. The company recently completed the construction of a stainless cold-rolled factory with an annual production capacity of 150,000 ton in Vietnam. |
Shale Gas Brings Prosperity To Appalachia Posted: 12 Mar 2012 09:01 AM PDT Reuters — “Appalachia has fallen from its prime when steel mills and coal mines anchored middle-class communities and offered hope there always would be enough work to go around. In this historically poor region nestled in the misty mountains of the eastern United States, most steel mills shut down long ago and the coal workforce has shrunk by 90 percent in the past 40 years. Residents are now counting on cheap natural gas from the massive reserves in the Marcellus and Utica shale rock … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
More Credit Card Accounts Opening While Late Payments Decrease Posted: 12 Mar 2012 08:34 AM PDT According to TransUnion, one of the 3 main credit bureaus in the US, there has been a 14% increase in the number of new credit card accounts being opened in 2011 compared to those opened in 2010. The most surprising thing about this isn't the increase in account opening itself, but in the fact that almost a quarter of all new accounts were for cardholders with low credit scores. Along with this increase in credit card accounts, there has also been a significant decrease of late payments … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Wall Street Struggles For Direction Posted: 12 Mar 2012 08:28 AM PDT 03/12/12 US stocks kicked off the trading week nearly unchanged, as China’s trade deficit and Greek developments were digested. In corporate news, takeover and M&A action were in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 12 Mar 2012 08:23 AM PDT 1. Brazil’s new consumer class flocks to the U.S. to shop and planes returning to Brazil need extra fuel to accommodate all of the overweight baggage. 2. Institute for Justice to file federal lawsuit tomorrow challenging IRS/Federal licensing of tax preparers. 3. Interesting Blog: “100 Reasons NOT to Go to Graduate School;” Reason #75: You Can Make More Money As a Schoolteacher. Reason #76: There is a culture of fear. 4. Jeff Jacoby on the Boston Taxi Cartel: $500,000 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Dollar Rises To Highest Level Against Euro In A Month Posted: 12 Mar 2012 03:00 AM PDT 03/12/12 The dollar is near touching its highest level in a month agaist the euro as cncerns over euro-zone growth kept investors steerig clear of the higher-yielding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Short Term Key Levels To Watch In Gold March 12 Posted: 12 Mar 2012 07:55 AM PDT Similar to what we saw in silver last week, Gold rallied up off a critical support level as seen on the Daily Chart. Gold's daily chart shows a form of "EMA Compression," where price is currently sandwiched between a rising 200d SMA (very important reference level for longer term traders) and falling overhead 20 and 50 day … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Monster Employment Index Gains 11% In February Posted: 12 Mar 2012 07:55 AM PDT Highlights of the February Monster Employment Index for online job demand: 1. The Monster Employment Index registered a double-digit gain of 11 percent in February compared to a year-ago (see chart above), the 25th consecutive positive monthly percentage increase versus a year earlier, going back to February 2010. |
Oil Prices Slide On Global Growth Worries Posted: 12 Mar 2012 02:45 AM PDT 03/12/12 Oil prices fell more than $1 per barrel on Monday, dropping four days of gains as investors focused on slowing economic growth in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Employment Trends Index Reaches 3.5 Year High Posted: 12 Mar 2012 07:30 AM PDT “The Conference Board Employment Trends Index (ETI) increased 1.38 percent in February to 107.46, from the revised figure of 105.99 in January. The February figure is also up 6.1 percent from the same month a year ago (see chart above). "The acceleration in the ETI suggests that rapid job growth is likely to continue in the next several months, despite modest improvements in Demand and Production," said Gad Levanon, Director of Macroeconomic Research at The Conference Board. "In the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Commodity Currencies Dragged Under By Deteriorating Chinese Outlook Posted: 12 Mar 2012 06:48 AM PDT Fundamental Headlines |
James Koutoulas: JP Morgan Insult Added To MF Global Injury Posted: 12 Mar 2012 06:24 AM PDT Going on five full months and with MF Global customers still waiting for a glimmer of justice on the horizon—and the return of THEIR money—we awake to read that CME executives believe no further regulation could have prevented the debacle that is MF Global. |
US Stock Futures Fall Before Euro-area Meeting Posted: 12 Mar 2012 01:00 AM PDT 03/12/12 US stock futures fell Monday after downbeat Chinese economic data and ahead of a meeting of euro-area finance ministers later in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Appreciating China To Its Fullest Posted: 11 Mar 2012 10:00 PM PDT Wine expert and social media guru Gary Vaynerchuk attributes his ability to detect subtleties in wine that others might not recognize because of his unique taste-testing as a teen. Because drinking wine was illegal, he says he tasted the flavors associated with wine instead. He not only ate fruits and vegetables, but also chewed on chunks of grass, dirt, tobacco and wood so he could learn to recognize the complex flavors that wine has to offer. |
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