DailyMarkets.com - Nokia Suffers Setback

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• Nokia Suffers Setback
• Nash Finch To Snap Up Bag ‘N Save
• Stock Market News Briefs: American International Group, Alpha Natural Resources, Superior Industries International
• Earnings Preview: Ciena Corp.
• Lackluster Market Expected
• School Specialty Drops To Neutral
• Starbucks Offers Old Coffee, New Pie
• Conoco Expects Less, Divests More
• February Traffic For Delta
• TiVo Extends ONO Partnership
• Vale Confronts Tax Woes
• Real Estate Trends Favor Buyer Or Seller In March 2012?
• The Eerie Silence Surrounding Wall Street Price Fixing
• PAY Beats, Outlook Disappoints
• UCB Continues To Impress
• Forex Trading: EURUSD Falls On The Back Of PSI Deal
• Companies Leaving California In Record Numbers
• Crude Oil And Gold Aim Lower On Global Slowdown Fears, Dollar Gains

Nokia Suffers Setback Posted: 06 Mar 2012 07:55 AM PST Nokia Corp. (NYSE:NOK) has suffered a setback as Standard & Poor's Ratings Services (S&P) downgraded its credit rating. Currently, S&P rates Nokia as BBB-, which is the lowest rank of the rating agency's investment grade category. As per S&P, Nokia's partnership with Microsoft Corp. (NASDAQ:MSFT) may help the company to strengthen its competitive position in the global smartphone market, but significant fall in demand for the company's legacy Symbian-based handsets will more … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nash Finch To Snap Up Bag ‘N Save Posted: 06 Mar 2012 07:55 AM PST U Save Foods Inc., a wholly owned subsidiary of Minneapolis-based food distributor Nash Finch Company (NASDAQ:NAFC) has inked an agreement to acquire Bag 'N Save supermarkets located in Omaha and York, Nebraska. Although the terms of the deal were not disclosed, the buyout will give Nash Finch 11 Bag ‘N Save stores in the Omaha area and one in York. The deal is expected to be closed in the second quarter. Founded in 1981, Bag 'N Save chain is a family-owned business. The company's product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: American International Group, Alpha Natural Resources, Superior Industries International Posted: 06 Mar 2012 07:55 AM PST     International insurance company American International Group’s (NYSE:AIG) share prices rose 1.98% following reports that it will sell shares worth $6 billion in AIA Group     Shares of Nature's Sunshine Products Inc.'s (NATR) gained 15.99% a share after the nutritional-product seller’s fourth-quarter earnings topped the Street's estimates     Aluminum wheel manufacturer  Superior Industries’ (NYSE:SUP) share prices advanced 6.40% to end … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Ciena Corp. Posted: 06 Mar 2012 07:55 AM PST Ciena Corp. (NASDAQ:CIEN) is scheduled to release its first quarter 2012 earnings results before the opening bell on March 7, 2012. In the run-up to the earnings release, we noticed analyst estimates being revised downward. Prior-Quarter Recap Ciena reported fourth quarter loss per share of 7 cents, worse than the Zacks Consensus Estimate of a loss of 5 cents. However, revenues of $455.5 million did not only increase on a year-over-year basis, but were also at the higher end of management's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lackluster Market Expected Posted: 06 Mar 2012 07:55 AM PST We will likely get another lackluster trading session today given the absence of anything meaningful on the economic calendar. The major item on the calendar coming up is the February jobs report coming out on Friday. We will get a preview of the Friday report in Wednesday's ADP reading. The jobs report is the key catalyst that will give this market a clear directional thrust going forward. In addition to waiting for the jobs report, today's market action will also likely show some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

School Specialty Drops To Neutral Posted: 06 Mar 2012 07:55 AM PST We recently downgraded our recommendation on School Specialty Inc. (NASDAQ:SCHS) to Neutral with a price target of $3.35. Earlier, the education company, offering supplemental educational products and equipment, had been enjoying an Outperform rating. Where lies the Weakness The recent economic downturn has resulted in an uncertainty related to state budget funding levels in the school districts, which has led to a cautious spending approach. A continued softness in demand still persists for both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks Offers Old Coffee, New Pie Posted: 06 Mar 2012 07:55 AM PST Coffee giant Starbucks Corporation (NASDAQ:SBUX) is looking to expand its coffee offerings, re-introduce an old coffee favorite besides launching new Petites pies and tarts. Expanded Coffee Offerings Starbucks is offering its customers a wide selection of hot and iced espresso beverages which they can tailor make to suit their taste. The customers can choose from a variety of dairy selections, syrups, toppings, or can simply add extra shots to customize their coffees. Moreover, Starbucks is also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conoco Expects Less, Divests More Posted: 06 Mar 2012 07:55 AM PST Houston, Texas-based ConocoPhillips (NYSE:COP) has trimmed its production forecast for the year 2012, reflecting its ongoing asset divestiture program as well as three-year strategic plan. The company now expects its production level to reach approximately 1.55 million barrels of oil equivalent per day (MMBoe/d) for this year, down from the previous expectation of 1.6 MMBoe/d and 2011 level of 1.62 MMBoe/d. This tepid expectation mainly confirms the company's $10 billion asset sale venture that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

February Traffic For Delta Posted: 06 Mar 2012 07:55 AM PST Delta Air Lines Inc. (NYSE:DAL) reported a 1.4% year-over-year increase in traffic in February. Airline traffic is measured in billions of revenue passenger miles, which means one mile flown by one passenger. Capacity (or, available seat miles) grew 6.1% year over year and load factor (percentage of seats filled with passengers) fell 340 basis points (bps) year over year to 73.7%. Domestic traffic dropped 0.2% year over year, while capacity increased 1.9% and load factor deteriorated 170 bps to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TiVo Extends ONO Partnership Posted: 06 Mar 2012 07:55 AM PST TiVo Inc. (TIVO) recently announced that it is expanding its partnership with ONO, the largest cable operator and a premier provider of broadband communication and entertainment services in Spain. Under the terms of the extended agreement, TiVo will now provide its services to ONO's customers in Valencia. To date, TiVo's services were solely available to ONO's subscribers in Madrid and Barcelona. The extended partnership will allow ONO subscribers to access high-definition (HD) and 3D … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Vale Confronts Tax Woes Posted: 06 Mar 2012 05:51 AM PST Recently, Brazilian Miner Vale S.A. (VALE) announced that it has received a demand for payment in respect of part of a tax assessment for the years (1996 – 2002). The assessment includes discussion on corporate income tax and social contribution on profits of non-Brazilian subsidiaries and affiliates. Vale has planned to take appropriate legal action to secure R$ 1.6 billion ($920 million) in assets for challenging the tax assessments in the judicial system. The company expects to pursue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Real Estate Trends Favor Buyer Or Seller In March 2012? Posted: 06 Mar 2012 05:49 AM PST … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Eerie Silence Surrounding Wall Street Price Fixing Posted: 06 Mar 2012 05:48 AM PST Ssshhhhhhhhhhh……… What is that eerie silence emanating from Wall Street lately? No, it is not the quiet on the floors of the equity exchanges in the midst of anemic trading volumes. It is also not the empty echoes emanating from trading desks once bursting with activity. The eerie silence to which I allude goes to the price fixing at the very core of how our Wall Street banks fund themselves in the overnight market. Sounds ominous, no? Let's navigate and enter the world of Libor based … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PAY Beats, Outlook Disappoints Posted: 06 Mar 2012 05:37 AM PST VeriFone Systems Inc (NYSE:PAY) reported revenues of $420 million in the first quarter of fiscal 2012, up 47.8% year over year and up 2.1% sequentially. Based in San Jose, California, VeriFone designs, markets and services a transaction automation system that facilitates electronic payments between consumers, merchants and financial institutions. Excluding amortization of step-down in deferred revenue on acquisition, revenues came in at $425 million, up 50.0% y/y and 2.2% q/q. On a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCB Continues To Impress Posted: 06 Mar 2012 05:26 AM PST UCB (UCBJF) posted full year 2011 adjusted earnings of $1.84 per share, sky-rocketing 143.4% from the year-ago earnings. Higher revenues and lower costs boosted earnings. Revenues Annual revenues increased 6.0% to $4,525.9 million, driven by strong sales of Cimzia, Vimpat, Neupro and Keppra. [All growth rates are at constant currency basis] While Cimzia (Crohn's disease and rheumatoid arthritis) sales went up 63% in 2011, Vimpat (epilepsy) sales increased 70%. Neupro, which is marketed as a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex Trading: EURUSD Falls On The Back Of PSI Deal Posted: 06 Mar 2012 05:18 AM PST The EURUSD is under pressure today on the back of talk out of Greece that a Private Sector Involvement deal might be delayed. There was also a source comment that said the participation might be 75-80%. This would mean that the Greeks would trigger collective action clause, forcing bond holders to take haircuts on their debt. This may trigger a default on Credit Derivative Swaps. The waters get more muddy in Greece.   GDP out of EU was also released and showed that GDP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Companies Leaving California In Record Numbers Posted: 06 Mar 2012 05:05 AM PST Orange County Register — “In 2011, 254 California companies moved some or all of their work and jobs out of state, 26% more than in 2010, according to Irvine business consultant Joe Vranich who has been tracking these departures since 2009. The pace is accelerating, Vranich said. An average of 4.9 businesses left California each week of 2011, compared to 3.9 per week (202 total) in 2010 and one a week (51 total) in 2009. In what he calls “disinvestment events,” Vranich counts companies that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil And Gold Aim Lower On Global Slowdown Fears, Dollar Gains Posted: 06 Mar 2012 01:55 AM PST Talking Points Crude Oil, Copper Under Pressure as Global Slowdown Fears Intensify Gold and Silver Down as US Dollar Rides Safe Haven Demand Higher Commodity prices continue to track lower – mirroring the trading dynamic we discussed yesterday – as the return of global economic slowdown fears drives risk aversion across financial markets. Growth-sensitive crude oil and copper prices are facing direct selling pressure, while gold and silver are under attack as souring sentiment stokes … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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