Monday, March 12, 2012

DailyMarkets.com - New Surgical Devices From Covidien

DailyMarkets.com - New Surgical Devices From Covidien

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.
The devices (the Versaport bladeless optical 5 millimeter/mm trocar and two line extensions to the company's LigaSure sealer/divider portfolio), were displayed by the Ireland-based company at the recently held annual meet of the Society of American Gastrointestinal and Endoscopic Surgeons ("SAGES … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
HAE is a rare, debilitating and life-threatening genetic disorder, which causes the larynx, face, abdomen, extremities and urogenital tract to swell.
We note that Cinryze is currently marketed in the US for the prevention … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco’s Steady Start In 2012

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.
Per the deal, which won the Iraqi approval, Statoil will sell its 18.75% stake in the West Qurna Phase-2 field development project to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BioScrip Posts Mixed 4Q

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.
Fiscal 2011 EPS stood at 14 cents versus a loss of $1.37 per share in fiscal 2010. The adjusted EPS for the year came in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The South Africa-based petrochemicals group reported headline earnings per share, excluding one-time items, of R23.34 (U.S.$2.87), up from R12.98 (U.S.$1.95) earned during the corresponding period last year. Operating profit rose 70% to R20.5 billion.
Segmental Analysis
South African Energy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The year-over-year growth in Ferrellgas result reflects the impact of increased wholesale propane costs, higher-than-expected sales in propane and other gas liquids sales segment, and lower general and administration … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

H-P To Serve Automobile Club

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.
Well equipped with 2,000 professionals, a fleet of 2,500 vehicles, aircraft and medical helicopters and a 24-hour phone service, the RACC is engaged in providing emergency breakdown support to its more than million annual subscribers.
H-P's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The same deadline was given to Tata Communications Ltd (NYSE:TCL), which also showed interest in acquiring Cable & Wireless early this month. Tata Communications has hired Standard Chartered plc as its financial adviser for evaluating the benefits of the offer.
Last month, Vodafone disclosed its intention to acquire … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Following large scale fracturing, Sinopec struck shale gas with an estimated daily flow of 11,500 cubic meters at a depth of 4,035-4,110 meters in the gas-rich Sichuan basin. The gas was found in the Yuanba-9 well in the northeastern part of the basin, while the Yuanba 21 well has a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Note Offering From Genworth

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.
Genworth is offering the debentures at 103% of face value to yield 7.184% if held till maturity.
This new offering is in addition to the already existing 7.625% senior notes issued in March 2011 with maturity scheduled in 2021.
Genworth intends to deploy the proceeds from the offering for general corporate purposes including enhancing liquidity at the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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%.
John Paulson filed a presentation with the U.S. Securities and Exchange Commission on Friday, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Upgrades CIT Ratings

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".
The ratings revision by S&P is based on CIT's efforts to reduce debt, stabilize balance sheet and bring down the funding cost. Since 2010, the company has lowered or refinanced nearly $22 billion of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Dow serves customers in 160 countries in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Traders will look for close  support against the  1.3124-34 level with a push toward the 1.3153-61 the next key target above. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ecolab Boosts Brazil Biz

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.
Ecolab, in its press release, stated that the newly acquired entity has sales of roughly $9 million. The Minnesota-based company noted that it will integrate the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hilltop Outperforms In 4Q

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.
Results benefited from modest underwriting profitability, premiums growth, net realized gains and investment income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Sales through digital downloads of full games and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Express Scripts, MedcoHealth Solutions Inc, Quest Software, Starbucks Corporation

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.
Quarterly Results
Revenue in the reported quarter plummeted 90.4% to $1.7 million. We note that revenues in the year-ago quarter were boosted by the recognition of $15 million as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Canadian Natural Misses

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.
Earnings per share, excluding one-time and non-cash items, came in at 88 Canadian cents (86 U.S. cents) in the quarter, slightly below the Zacks Consensus Estimate of 90 U.S. cents. The Calgary, Alberta-based operator's per share profits, however, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Important Data Outlook

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.
Investors will be keenly evaluating the odds of further quantitative easing from the Fed through Tuesday's FOMC announcement. The overall trading action this week will largely reflect investors' desire … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Beat For Osiris

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.
Full year earnings came in at 45 cents per share, above the year-ago earnings of 40 cents and the Zacks Consensus Estimate of 41 cents. Revenues came in at $41.1 million, below … [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
Ann Heffron, CFA

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
Ann Heffron, CFA

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.
The company, focusing on safely decommissioning the plant, has planned to co-operate with the employees … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The PASPORT-CUSHINGS (PASireotide clinical trial PORTfolio – CUSHING’S disease) study was conducted to evaluate the safety and efficacy of Signifor in 162 patients with recurrent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
All this while, Sprint primarily focused on introducing top-end devices, like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The deal was first announced in September 2010, when Wal-Mart had offered to acquire a 51% stake of the South Africa based consumer goods distributor, Massmart. Wal-Mart offered to pay 16.5 billion rand or 148 rand per Massmart share as it aimed to capture the high growth developing markets of South … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
The U.S. General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) awarded the contract to CACI International under the GSA Alliant acquisition vehicle. This was done with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

POSCO Expands STS Capacity

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.
The company's Vietnamese subsidiary, POSCO VST had started construction of the factory in December 2010. Presently, the subsidiary's annual steel production capacity has reached a whooping 235,000 tons. In addition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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

Monday Morning Links

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.
Let's take a moment to update the current Gold Structure and levels to watch as price compresses between a critical support level and an upper resistance pivot.

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.
     
2. Nineteen of the 20 industries monitored by the Index showed positive annual growth, with only Public Administration declining, by 8% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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
- Banks Buy Treasuries Faster Than in 2011 – Bloomberg
- Euro Ministers Set to Back Greek Aid Payout, Debate Spain – Bloomberg
- Dozens of Syrian Civilians Killed in Homs – Reuters
- Italy Data Confirms Recession – WSJ
- Mortgage Deal is Built on Tradeoffs – WSJ
European Session Summary
Higher yielding currencies and risk-correlated assets continue their descent from their 2012 highs set towards the end of February, with the Australian and New Zealand Dollars … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
Why is that?
Most rational and ordinary Americans already sense those running the show at MF Global 'broke the rules'. CME executives now seemingly maintain as much as well.
Let's give these CME execs a gold star for a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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.
For investors, an appreciation of China requires … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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