DailyMarkets.com - Starbucks To Revamp European Biz
DailyMarkets.com - Starbucks To Revamp European Biz |
- Starbucks To Revamp European Biz
- Volcano Reaffirmed At Neutral
- BIOLASE Posts Prelim Sales
- BP, PSC In $7.8B Settlement
- Limited Brands Posts Higher Sales
- Statoil To Boost Output With Cat J
- Shutterfly-Kodak Deal Clicks
- Guilfoyle: “Silver Lining…China Expressed Interest In Easing”
- Central Bank Of Dominican Republic Holds Rate At 6.75%
- Dow AgroSciences Sells European Unit
- New UAL Faces System Issues
- Earnings Preview: Finishing Touches On Earnings Season
- Air Products Set To Buy DuPont JV
- Eastman Upgraded To Outperform
- CME Signs MoU With Bank Of China
- Oil Sector Bull Market Takes A Breather
- NYSE Liffe US Launches Mini Metal Options
- Underwater Mortgages Surge In 4Q
- Comcast Keeps Neutral Rec
- Apple Vs Samsung: War Continues
- Stock Market News Briefs: Big Lots, Shutterfly, Sara Lee Corporation
- Kirk’s 4Q Comp Sales Rises
- A Week Of Appetizers Before Friday’s Main Course
- Biogen Seeks Approval For BG-12
- Sara Lee To Split By June
- EDR Forms JV With Concord Eastridge
- Petrobras Hits Oil In Campos Basin
- China Snips Target, Reshapes Eco
- SNY Starts Delivering From New Unit
- Harsco Renews Credit Facility
- Saks’ February Sales Rise
- Nordstrom February Comps Rise
- Conmed Initiates Dividend
- Auto Sales Hit 4-Year High
- Euro Rebounds From Recent Lows Vs. Dollar
- US Stocks Slide On Global Worries
- Online Job Demand Improves In February And Supply/Demand Ratio Is Lowest Since Nov. 2008
- Fighting Debt With Debt
- Crude Oil Steady Above $107
- Milton & Rose Friedman’s Legacy Of School Reform
- Stocks Fall On Economic Worries
Starbucks To Revamp European Biz Posted: 05 Mar 2012 12:05 PM PST Starbucks Corporation’s (NASDAQ:SBUX) Chief Executive Officer, Howard Schultz recently told The Financial Times that he plans to revive the company's sluggish business growth in Europe by enhancing its presence in the continent. The goal is to make the brand as popular in the currently economically challenged Europe as it is in Manhattan. |
Posted: 05 Mar 2012 11:50 AM PST We have reaffirmed our Neutral recommendation on Volcano Corporation (NASDAQ:VOLC) following its fourth-quarter 2011 results. The company's fourth quarter adjusted EPS of 14 cents exceeded the Zacks Consensus Estimate. While revenues increased 14% on the back of robust growth in its Medical segment, the Industrial segment did not recover from its declining trend due to lower spending in the telecommunication sector. |
Posted: 05 Mar 2012 11:35 AM PST Leading dental laser maker BIOLASE Technology (NASDAQ:BLTI) recently announced preliminary sales data for fourth-quarter 2011. Based on preliminary review, the company expects revenues for the quarter to shoot up 35% year over year to roughly $13.1 million. |
Posted: 05 Mar 2012 11:20 AM PST BP Plc (NYSE:BP) and Plaintiffs' Steering Committee (PSC) have reached an agreement of $7.8 billion, over the reimbursements to be made for the 2010 Gulf of Mexico oil spill. |
Limited Brands Posts Higher Sales Posted: 05 Mar 2012 11:06 AM PST Limited Brands Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, posted better-than-expected sales results for the four-week period ended February 25, 2012. The increase was boosted by healthy sales at its Victoria’s Secret Stores and Bath & Body Works. |
Statoil To Boost Output With Cat J Posted: 05 Mar 2012 10:50 AM PST Norwegian oil giant, Statoil ASA (NYSE:STO) is planning a new rig concept to enhance the recovery rate of the mature fields on the Norwegian continental shelf (NCS). |
Posted: 05 Mar 2012 10:40 AM PST Shutterfly Inc. (NASDAQ:SFLY) recently inked an agreement with Eastman Kodak Company to purchase certain assets of its Kodak Gallery online photo services business for $23.8 million. The agreement comprises the initial, stalking horse bid to maximize the value of assets as part of a bankruptcy court-approved auction process. |
Guilfoyle: “Silver Lining…China Expressed Interest In Easing” Posted: 05 Mar 2012 10:40 AM PST 03/05/12 Meridian Equity Partners’ Stephen Guilfoyle discusses the decline in global equities on growth concerns, and expectations for this week’s central bank rate decisions and US jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Central Bank Of Dominican Republic Holds Rate At 6.75% Posted: 05 Mar 2012 10:37 AM PST The Central Bank of the Dominican Republic kept its Monetary Policy (Overnight) Rate unchanged at 6.75%, and held the Lombard Rate at 9.00%. The Bank said: “Domestically, economic activity and internal demand are moving as predicted by the latest Monetary Policy Report. Credit to the private sector is expanding at a rate similar to that corresponding to year-end 2011, while inflation expectations remain close to the 2012 target.” The Bank also held rates unchanged at its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Dow AgroSciences Sells European Unit Posted: 05 Mar 2012 10:25 AM PST The Dow Chemical Company's (NYSE:DOW) wholly owned subsidiary, Dow AgroSciences LLC, divested its loss making European Dithane fungicide business to Indofil Industries Ltd. of Mumbai, India for an undisclosed amount. |
Posted: 05 Mar 2012 10:05 AM PST The integration process of United Continental Holdings Inc. (UAL) was finally over yesterday, after the passenger services for both United and Continental were combined. United Continental implemented a single loyalty program, Mileage Plus, which was the final and key milestone in the integration process. |
Earnings Preview: Finishing Touches On Earnings Season Posted: 05 Mar 2012 09:55 AM PST Earnings Preview 3/2/12 Earnings season is just about over. While there will be 273 firms reporting, only three of them will be members of the S&P 500. Firms reporting this week include Brown Foreman (NYSE:HRB) and Pall Corp. (NYSE:PLL). It will also be a busy week for economic data. Key reports include Durable Goods, Personal Income and Spending, The ISM Manufacturing Index, Auto Sales and the second look at fourth quarter GDP. Monday The ISM non-manufacturing or service index … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Air Products Set To Buy DuPont JV Posted: 05 Mar 2012 09:55 AM PST Air Products and Chemicals Inc. (NYSE:APD) announced its plan to acquire EI DuPont de Nemours & Co.'s (NYSE:DD) entire stake in its 50-50 joint venture (JV) with DuPont Air Products NanoMaterials LLC (DA NanoMaterials). The JV is engaged in manufacturing components for the semiconductor industry. The terms of the agreement are yet to be disclosed. |
Eastman Upgraded To Outperform Posted: 05 Mar 2012 09:55 AM PST We are upgrading our recommendation on Eastman Chemical Company (NYSE:EMN) to Outperform from Neutral based on its fourth-quarter 2011 results. |
CME Signs MoU With Bank Of China Posted: 05 Mar 2012 09:27 AM PST Last week, CME Group Inc. (NASDAQ:CME) and Bank of China signed a Memorandum of Understanding (MoU) to look at possible business collaboration opportunities, particularly in commodities futures and options trading. Additionally, the two institutions will help each other through investor education, employees training and product marketing. |
Oil Sector Bull Market Takes A Breather Posted: 05 Mar 2012 09:24 AM PST March, March 5, 2012 |
NYSE Liffe US Launches Mini Metal Options Posted: 05 Mar 2012 09:20 AM PST 03/05/12 Jennifer Ropiak, SVP of precious metals marketing at NYSE Liffe US, talks about the recent launch of mini-sized gold and mini-sized silver options on the US futures exchange of NYSE … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Underwater Mortgages Surge In 4Q Posted: 05 Mar 2012 09:16 AM PST Due to the ongoing fall in home prices across the country and the slower foreclosure activities during late 2011, the number of homeowners who are underwater is continuously rising. Last week,a data released by CoreLogic Inc. (CLGX), a leading provider of information, analytics and business services, shows that underwater mortgages or negative equity rose to its highest level since 2009, when the company started tracking the data. |
Posted: 05 Mar 2012 09:16 AM PST Comcast Corp. (NASDAQ:CMCSA) lately reported excellent financial results in the fourth quarter of 2011, easily beating the Zacks Consensus Estimates. While the company's Cable Communication segment continue to beat market expectations, NBC Universal has started providing synergies. Comcast's video subscriber churn became extremely low in the previous quarter, which was the most important news. |
Apple Vs Samsung: War Continues Posted: 05 Mar 2012 09:16 AM PST Apple Inc. (NASDAQ:AAPL) and Samsung's court battles are nothing new. Both the companies have been filing patent infringement cases against each other in almost every continent in which they are present. In the latest development, two patent infringement cases brought on by Apple and Samsung against each other were dismissed by a regional court in Mannheim, Germany. |
Stock Market News Briefs: Big Lots, Shutterfly, Sara Lee Corporation Posted: 05 Mar 2012 09:16 AM PST Consumer-review website, YELP INC. (YELP) debuted on the Street and gained 63.9% to settle at $24.58 a share Shares of Shutterfly, Inc. (NASDAQ:SFLY) jumped 16.5% after it agreed to takeover Kodak's online business Sara Lee Corporation (NYSE:SLE) expects to spin off the coffee and tea business by June end and will eventually pay a dividend of $3 per share Big Lots, Inc.'s (NYSE:BIG) fourth-quarter 2011 earnings per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 05 Mar 2012 09:16 AM PST Same-store sales at Kirkland's Inc. (NASDAQ:KIRK) rebounded in the fourth quarter 2011 as it went up 1.4% for the 13 weeks ended January 28, 2012, compared to a decline of 7.9% experienced in the previous year. However, on a year-to-date basis, same-store sales went down 4.0% compared with a 0.5% decrease a year ago. |
A Week Of Appetizers Before Friday’s Main Course Posted: 05 Mar 2012 09:16 AM PST Economic reports this week, with a focus on the labor market, have the potential to push stocks to new highs. A positive surprise for the February non-farm payroll report coming out this Friday — which would be the third strong monthly jobs report in a row — would most likely serve as the catalyst to move stocks to new highs. We will get a preview of the Friday government jobs report through the ADP report on Wednesday. On the docket today is the February non-manufacturing ISM survey coming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Biogen Seeks Approval For BG-12 Posted: 05 Mar 2012 09:16 AM PST Biogen Idec (NASDAQ:BIIB) recently announced the submission of a new drug application (NDA) for its oral multiple sclerosis candidate, BG-12. The NDA was based on data from the phase III DEFINE and CONFIRM studies which showed that treatment with BG-12 led to a significant reduction in disease activity in multiple sclerosis patients. Moreover, the candidate had a favorable safety and tolerability profile. |
Posted: 05 Mar 2012 09:16 AM PST Sara Lee Corporation (NYSE:SLE) recently announced that its widely awaited spin-off of the international Coffee and Tea business will be completed by the end of June 2012. Sara Lee had revealed plans to split the company into two publicly-traded companies in January this year: an international coffee and tea business and a North American retail, foodservice and specialty meats business. |
EDR Forms JV With Concord Eastridge Posted: 05 Mar 2012 09:16 AM PST Education Realty Trust (EDR) recently announced that it has entered into a joint venture (JV) with Concord Eastridge to develop, own and manage a mixed-use collegiate housing community worth $52 million in Phoenix, Arizona. This community is located in close proximity to the Phoenix Biomedical Campus, which includes the University Of Arizona School Of Medicine, and three blocks of the Arizona State University downtown campus in Phoenix. |
Petrobras Hits Oil In Campos Basin Posted: 05 Mar 2012 09:16 AM PST Brazilian oil giant Petroleo Brasileiro S.A. or Petrobras (NYSE:PBR) announced the discovery of hydrocarbon accumulation in the pre-salt layer in block BM-C-33, south of Campos Basin. |
China Snips Target, Reshapes Eco Posted: 05 Mar 2012 09:16 AM PST As the global economic recovery remains elusive, Chinaslashes its growth target to its lowest level since 2004, seeking to rebalance the economy and reshape development. |
SNY Starts Delivering From New Unit Posted: 05 Mar 2012 09:16 AM PST Sanofi's (NYSE:SNY) subsidiary, Genzyme, announced that it has begun shipping Fabrazyme (agalsidase beta) from its recently approved Framingham manufacturing facility. The Framingham unit was approved in January 2012 by the US Food and Drug Administration (FDA) as well as the European Medicines Agency (EMA) for the production of Fabrazyme. |
Posted: 05 Mar 2012 09:16 AM PST Harsco Corporation (NYSE:HSC) recently announced that it has renewed an unsecured 5-year back-up credit facility of $525 million. This was done engaging a multi-national consortium of 14 banks, co-led by Citibank and Royal Bank of Scotland on account of the company's 3-year back-up facility which is due for expiry later this year. |
Posted: 05 Mar 2012 09:16 AM PST Luxury department store Saks Inc. (NYSE:SKS) has reported positive same-store sales and total sales for the month of February, benefiting from sales of women’s apparel, handbags and men’s accessories. |
Posted: 05 Mar 2012 09:16 AM PST One of the leading fashion specialty retailers in the United States, Nordstrom Inc. (NYSE:JWN), once again reported a robust growth in its sales and comparable store sales (comps) for the four-week period ended February 25, 2012. |
Posted: 05 Mar 2012 09:16 AM PST Good news for Conmed Corporation's (NASDAQ:CNMD) investors as its Board recently declared the commencement of a quarterly cash dividend. The move is based on the company's confidence in generating sustainable healthy profits and cash flows. |
Posted: 05 Mar 2012 09:16 AM PST Light vehicle sales in February 2012 escalated 15.7% to a seasonally adjusted annual rate (SAAR) of 15.1 million units, despite higher gasoline price (up 10% to $3.74 per gallon) and lower spending on discounts and promotions by automakers (down 4.7% to $2,457 per vehicle). In fact, the average price of vehicles went up by a robust $1,943 from February last year, according to TrueCar.com. |
Euro Rebounds From Recent Lows Vs. Dollar Posted: 05 Mar 2012 04:01 AM PST 03/05/12 The euro has rebounded this afternoon following three consecutive sessions of dollar gains following an improvement in eurozone retail sales … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
US Stocks Slide On Global Worries Posted: 05 Mar 2012 08:10 AM PST 03/05/12 The major equity averages opened in negative territory, tracking global markets lower. ISM services gains more than expected, while factory orders fell … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Online Job Demand Improves In February And Supply/Demand Ratio Is Lowest Since Nov. 2008 Posted: 05 Mar 2012 07:33 AM PST From today’s Conference Board report on online labor demand: “Online advertised vacancies rose 39,900 in February to 4,423,300, according to the Help Wanted OnLine Data Series. The February rise follows gains in December 2011 of 125,600 and 61,300 in January (see top chart). The Supply/Demand rate stands at 2.9 unemployed for every vacancy (see bottom chart); however, nationally there are still 8.4 million more unemployed than advertised vacancies. "In a positive sign the Supply/Demand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 05 Mar 2012 07:07 AM PST My house is under water, for sure Well, it may be hard to borrow your way out of debt, but sometimes it buys time, and time is money. One of the few major contributions to the European debt crisis is the ECB's lending to European banks. Long-term low-interest loans help the banks themselves as well as put them in a position to buy European sovereign debt, an excess of which is … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Posted: 05 Mar 2012 02:00 AM PST 03/05/12 A euro rebound and improved EU retail sales data helped lift crude oil prices just a slight bit higher this morning just above $107 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
Milton & Rose Friedman’s Legacy Of School Reform Posted: 05 Mar 2012 06:49 AM PST |
Stocks Fall On Economic Worries Posted: 05 Mar 2012 01:15 AM PST 03/05/12 Worries over slowing economic growth in China were pushing global stocks lower Monday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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