Thursday, March 15, 2012

DailyMarkets.com - No Alias For Weibo Users In China

DailyMarkets.com - No Alias For Weibo Users In China

No Alias For Weibo Users In China

Posted: 15 Mar 2012 07:50 AM PDT

Sina Corp. (SINA), the operator of popular micro-blogging platform Weibo.com in China, expects that approximately 60.0% of its users will register their real identities with the company by the end of March 16, 2012, as per a deadline set by the Chinese government in December 2011.
As per the directive from a number of city governments (Beijing, Guangzhou, Tianjin, Shenzhen, Shanghai), Sina users are also required to register their mobile numbers, which will go through a verification process. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ross Meets On EPS, Sales Surge

Posted: 15 Mar 2012 07:40 AM PDT

Ross Stores Inc. (NASDAQ:ROST), one of the leading off-price retailers of apparels and home accessories, recently posted earnings of 85 cents per share for fourth-quarter 2011, in line with the Zacks Consensus Estimate. Earnings grew more than 23% from the prior-year figure of 69 cents primarily due to the company’s aptitude in providing attractive brand name bargains to customers who value both quality and price.
Let's Dig Deep
Net sales for the quarter increased 11.8% to $2,397.9 million from … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Raven Reports Strong Quarter

Posted: 15 Mar 2012 07:40 AM PDT

Raven Industries Inc. (RAVN) reported fourth quarter results ended January 21, 2012, delivering earnings of 60 cents per share, increasing 46% from the 41 cents earned in the year-ago quarter. Earnings per share comfortably surpassed the Zacks Consensus Estimate of 48 cents per share.
Operational Update
Sales increased 36% year over year to $96.3 million, beating the Zacks Consensus Estimate of $78 million. The outperformance was attributable to the double-digit sales across all the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New IBM Office In Mauritius

Posted: 15 Mar 2012 07:35 AM PDT

Consistent with its expansion policy in Africa, IT major  International Business Machines Corp. (IBM) recently opened a new branch office in Port Louis, Mauritius. Although IBM opened its first office on the island of Mauritius more than 10 years back, the new branch office is in accordance with the company's extensive expansion policy in the region.
The branch office will enable IBM to deliver solutions and services to its growing clientele in the region. Presently, IBM is providing IT … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Medco-Quest Fix Study Result Date

Posted: 15 Mar 2012 07:25 AM PDT

Major pharmacy benefit manager Medco Health Solutions (NYSE:MHS) and diagnostic testing company Quest Diagnostics' (NYSE:DGX) are scheduled to publish the final result of their joint study, Additional KIF6 Risk Offers Better Adherence to Statins (AKROBATS), on March 26, 2012 at the 61st Annual Scientific Session & Expo of the American College of Cardiology in Chicago.
This collaborative AKROBATS study conducted by Quest and Medco's subsidiary Medco Research Institute is a non-randomized … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Northrop Gets Air Force Contract

Posted: 15 Mar 2012 07:05 AM PDT

Los Angeles-based leading defense contractor, Northrop Grumman Corporation (NYSE:NOC) was awarded by the U.S. Air Force the Air and Space Operations Center (AOC) Weapon System (WS) modernization program with an initial award of $120 million. The contract has a potential value of $504 million over eight years, if all options are exercised.
AOC WS is the command and control center for planning, executing and assessing joint air operations during a contingency or conflict. Under the contract from the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sara Lee Names New Coffee, Tea Biz

Posted: 15 Mar 2012 06:50 AM PDT

Sara Lee Corporation (NYSE:SLE) recently announced that it will name its international Coffee and Tea business, scheduled to be split off by June this year, D.E Master Blenders 1753. The chosen name is based on the history of its popular coffee brand, Douwe Egberts.
Sara Lee plans to split the company into two publicly traded companies: an international coffee and tea business and a North American retail, foodservice and specialty meats business. Post spin-off, the international Coffee and Tea … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Apple, Cleveland-Cliffs, Goldman Sachs Group, Zions Bancorporation

Posted: 15 Mar 2012 06:35 AM PDT

    Greg Smith, an executive of The Goldman Sachs Group, Inc. (NYSE:GS), criticized the financial bellwether in an oped piece and vacated office. Consequently, the stock slumped 3.4%

    Shares of Cliffs Natural Resources Inc (NYSE:CLF) jumped 7.1% a day after it raised its quarterly dividend from $0.28 cents to $0.34 cents

    Zions Bancorporation's (NASDAQ:ZION) announcement that it does not need to raise equity to pay Troubled Asset Relief Program … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Debt Deters Guess?’ 4Q

Posted: 15 Mar 2012 06:35 AM PDT

Guess? Inc.'s (NYSE:GES) fourth quarter 2012 adjusted earnings per share (EPS) of $1.05 came in line with the Zacks Consensus Estimate and missed the year-ago EPS of $1.11 by 5.4%. Fiscal year 2012 earnings went down 1.9% year over year to $3.05 per share compared with$3.11 per share in the prior year. Fiscal earnings missed the Zacks Consensus estimate by a penny
A slight improvement of conditions in North America was offset by lower spending in Europe, as the region adhered to the austerity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Domestic Strength Continues

Posted: 15 Mar 2012 06:30 AM PDT

A host of data this morning reconfirms the favorable view of the domestic economic backdrop that has been taking hold for a while now. We have further evidence of an improving U.S. labor market from the initial Jobless Claims data.
The wholesale inflation data appears to show some pricing pressures building in the supply chain, but there is no reason to doubt the Fed's assuring comments from last week that inflationary pressures will likely prove to be temporary.
We also got a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Dutch Side With Apple

Posted: 15 Mar 2012 06:30 AM PDT

Apple Inc. (NASDAQ:AAPL) and Samsung Electronics' patent infringement battle stretches across various countries, with the latest focus shifting to the Dutch Republic.
Apple seemed to have scored a win this time, as The Hague District Court, Netherlands, has ruled in favor of the iPhone and iPad maker. Samsung had appealed for a ban on iPad and iPhones in the country, citing violation of a certain 3G wireless patent, according to Reuters.
Justifying its latest ruling, the court cited that Apple … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Housing Affordability Reaches Record High In Jan.

Posted: 15 Mar 2012 06:19 AM PDT

The National Association of Realtors’ Housing Affordability Index exceeded 200 in January for the first time ever and reached a new record high of 206.1, meaning that the typical American household has more than double the income needed to qualify for the purchase of median-priced home.  Based on the hypothetical purchase of the median-priced home of $154,400 in Janaury, financed at the average mortgage rate of 4.37% (with a 20% down payment), the median family income of $60,944 was … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oppenheimer’s Al Loewenthal: Better To Remain Silent And Be Thought A Fool…

Posted: 15 Mar 2012 06:06 AM PDT

Reactions I heard to the Jerry Maguire type bombshell launched by former Goldman exec Greg Smith ran the gamut yesterday.
There are those who questioned Mr. Smith's sanity at committing career suicide. Others appreciated his airing of dirty laundry and "come to Jesus" expose. I personally believe if Mr. Smith wanted to lash out at those at Goldman who created the culture he came to detest that he may have been more laser like in his approach.
The hand grenade he launched into the Goldman … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CAG Adds Value To Product Line

Posted: 15 Mar 2012 06:05 AM PDT

Time and again,ConAgra Foods Inc. (NYSE:CAG) has demonstrated significant expansion of its business portfolio, focusing on branded, value-added opportunities. Acquisitions of a number of private labels, launch of new product line as well as promotional campaigns have supported such expansion while stabilizing the company's business portfolio for a better future ahead. We presume that the company's continued diversification trend—evident in its latest launch—will continue to drive growth, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ABB Wins Australian Contract

Posted: 15 Mar 2012 05:50 AM PDT

ABB Ltd. (NYSE:ABB) received a contract for seventeen distribution substations from Rio Tinto. The contract, valued at $100 million, will increase production at its iron ore mines in Western Australia.
With the upgrade and installation of new power infrastructure, the voltage level at the existing distribution substations will rise. Increased power supply will lead to the expansion of the existing iron ore mines in the Pilbara region.
There has been a rise in demand for steel as emerging markets … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Teva Launches Generic Lexapro

Posted: 15 Mar 2012 05:35 AM PDT

Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) recently announced that it has launched its generic version of Forest Laboratories' (NYSE:FRX) Lexapro. Teva will enjoy six months of marketing exclusivity as it was the first generic company to have filed an Abbreviated New Drug Application (ANDA) for Lexapro with a paragraph IV challenge.
Lexapro has been a major revenue generator for Forest Labs with the product generating sales of $1.8 billion in the first nine months of fiscal 2012. Besides … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

In Line 4Q At AFC Enterprises

Posted: 15 Mar 2012 05:20 AM PDT

AFC Enterprises Inc. (NASDAQ:AFCE) posted adjusted earnings of 24 cents per share in the fourth quarter of 2011, in line with the Zacks Consensus Estimate and higher than the year-ago quarter level of 19 cents per share. In full-fiscal 2011, earnings per share were 99 cents versus 86 cents in 2010.
The year-over-year improvement was driven by strong same-store sales. Moreover, the company has four strategic plans in place. These include development of the Popeye's brand, more value-added services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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