DailyMarkets.com - AMSC Moves To China’s Supreme Court

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• AMSC Moves To China’s Supreme Court
• FDA Clears Cooper Avaira Toric
• SXL Seeks Buyers For Texas Pipeline
• RAD Beats, Mixed Outlook For FY13
• RAD Beats, Mixed Outlook For FY13
• Magellan Midstream: Good To Hold
• Southwest Traffic Falls In March
• Starwood Offloads Atlanta Hotel
• Willis: “Fed Still Has QE…interrupted Correction”
• Outperform On Valmont
• Has Gasoline Already Peaked In 2012?
• Oil Prices Inch Above $103
• Label Updation By Bayer
• Costco’s Balanced Approach
• Apple Sued By DOJ On E-Book Pricing
• L-3 To Buy Simulation Business
• Foreclosures Declined In 1Q
• Gentiva Maintained At Neutral
• Zacks Raises Target On Pelangio To $1.10
• Roche Not Giving Up On Illumina
• Stock Market News Briefs: Alcoa, Lennar, Nokia, Owens-Illinois
• Denbury Sells Utah Stakes
• American Eagle Slides To Neutral
• New Data: More Questions Than Answers?
• Veterans Affairs Stays With McKesson
• Dutch Expansion For Henry Schein
• Panera Appoints Interim CFO
• Quest’s Simplexa Test Gets FDA Nod
• Toyota Raises Sales Forecast
• Calgon Carbon Stays Neutral
• A Multi-year Contract Win For ACXM
• Apogee Outperforms
• US Stocks Extend Gains On Mixed Data
• America’s Energy-Based Economic Renaissance
• To: Hilary Rosen And The DNC: Inconvenient Truths And The Two Parent Family
• Euro Rises After Italy Auction
• The Wacky World Of Government Antitrust
• Aussie Leads After Labor Data While Japanese Yen And US Dollar Struggle
• Global Stocks Advance Despite Mixed Economic News
• What CLSA’s Andy Rothman Thinks Is The Biggest Misunderstanding In China

AMSC Moves To China’s Supreme Court Posted: 12 Apr 2012 11:50 AM PDT American Superconductor Corporation (NASDAQ:AMSC) has filed an appeal with China’s Supreme People’s Court, contesting the Hainan Higher Court’s decision on April 5, 2012 to uphold the Hainan Province No. 1 Intermediate People’s Court’s dismissal of American Superconductor’s civil case against Sinovel Wind Group Co. Ltd. and Dalian Guotong Electric Co. Ltd. American Superconductor alleges contractual breaches and intellectual property theft against the above companies. American Superconductor, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FDA Clears Cooper Avaira Toric Posted: 12 Apr 2012 11:35 AM PDT CooperVision, a segment of The Cooper Companies (NYSE:COO), a company dedicated to contact lens and women's health, recently revealed that the Food and Drug Administration ("FDA") has granted a Special 510 (k) for its Avaira Toric silicone hydrogel bi-weekly contact lenses to correct astigmatism. The company will shortly re-launch the Avaira Toric lenses. Its lenses provide a comfortable fit for a wide range of powers. Other features include its superior ballast architecture and the Aquaform … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SXL Seeks Buyers For Texas Pipeline Posted: 12 Apr 2012 11:20 AM PDT Sunoco Logistics Partners L.P. (NYSE:SXL) announced the beginning of an Open Season, whereby it is looking for customers for the pipeline segment, West Texas – Nederland Access. The pipeline, with an initial capacity of 40,000 barrels per day, would be utilized for the supply of crude from West Texas to the terminal at Nederland, Texas. With an expected start-up time in the first quarter of 2013, this network will render producers in West Texas and refiners in the Gulf Coast accessibility to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RAD Beats, Mixed Outlook For FY13 Posted: 12 Apr 2012 11:10 AM PDT Drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of approximately $161.3 million in the fourth quarter of fiscal 2012, marking an improvement from a loss of $205.7 million in the year-ago period. The quarterly adjusted loss per share came in at 4 cents, which not only improved from the prior-year loss of 24 cents, but also outpaced the Zacks Consensus Estimate loss of 12 cents a share. Growth in same-store sales and reduced selling, general & administrative (SG&A) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

RAD Beats, Mixed Outlook For FY13 Posted: 12 Apr 2012 11:10 AM PDT Drugstore chain operator Rite Aid Corp. (NYSE:RAD) posted a net loss of approximately $161.3 million in the fourth quarter of fiscal 2012, marking an improvement from a loss of $205.7 million in the year-ago period. The quarterly adjusted loss per share came in at 4 cents, which not only improved from the prior-year loss of 24 cents, but also outpaced the Zacks Consensus Estimate loss of 12 cents a share. Growth in same-store sales and reduced selling, general & administrative (SG&A) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Magellan Midstream: Good To Hold Posted: 12 Apr 2012 11:10 AM PDT We are maintaining a Neutral recommendation on Magellan Midstream Partners, L.P. (NYSE:MMP), reflecting its strong portfolio of energy infrastructure assets, capacity expansion plans and a sound liquidity position. These are partially negated by a critical business environment for pipeline operators. Tulsa, Oklahoma-based Magellan Midstream is a master limited partnership (MLP) that owns and operates a diversified portfolio of energy infrastructure assets. The partnership primarily transports, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Southwest Traffic Falls In March Posted: 12 Apr 2012 10:50 AM PDT Traffic at Southwest Airlines Co. (NYSE:LUV), the largest U.S. low-cost carrier, inched down 0.9% year over year in March. Airline traffic is customarily measured in billions of revenue passenger miles. On a year-over-year basis, consolidated capacity (or available seat miles) fell 0.9% and the load factor (percentage of seats filled by passengers) deteriorated 10 basis points (bps) to 81.8%. Passenger revenue per available seat mile (PRASM) rose 5% year over year in March compared to increases of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starwood Offloads Atlanta Hotel Posted: 12 Apr 2012 10:40 AM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) recently closed the sale of the 275-room Atlanta Perimeter Hotel & Suites to RockBridge Partners, a division of RockBridge. Post sale, the property will undergo an extensive makeover in the coming 18 months and will be run under the name of Starwood's Le Méridien brand. The property will be managed by Wischermann Partners, Inc. Atlanta enjoys the status of being an international hub and attracts deluxe customers. This makes the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “Fed Still Has QE…interrupted Correction” Posted: 12 Apr 2012 10:30 AM PDT 04/12/12 Sunrise Securities’ Ben Willis discusses today’s extended gains in US equity markets and the latest comments from the Fed officials and the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Outperform On Valmont Posted: 12 Apr 2012 10:25 AM PDT We are reaffirming our Outperform recommendation on Valmont Industries (NYSE:VMI). The company's fourth-quarter 2011 earnings of $1.83 per share outpaced the Zacks Consensus Estimate of $1.66. Revenues cruised 25.7% year over year to $752.7 million led by significant growth in the Irrigation segment. The Nebraska-based company saw growth across the board in the fourth quarter. Revenues from its Irrigation and Utility Support Structures segments shot up 34% and 63% year over year, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Has Gasoline Already Peaked In 2012? Posted: 12 Apr 2012 10:18 AM PDT Thursday, April 12, 2012 RBOB fundamentals have turned bearish recently, as the global economy is sputtering along at a modest pace. Despite the economic risks facing the economy, the Fed has resisted further easing. Also, it seems as though the risk of a military conflict with Iran has subsided. Despite all of these negative factors, the fact that refiners have a difficult time turning a profit may result in some refiners deciding to close facilities. For this reason, some traders may perhaps … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Prices Inch Above $103 Posted: 12 Apr 2012 05:15 AM PDT 04/12/12 Oil prices were above $103 a barrel Thursday alongside financial markets, while traders turned their attention to negotiations this weekend over Iran’s nuclear … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Label Updation By Bayer Posted: 12 Apr 2012 10:10 AM PDT The HealthCare unit of Bayer (BAYRY) has updated the labels in the US for the oral contraceptives in its portfolio which contain drospirenone following a directive from the US Food and Drug Administration (FDA). As a result, information from recent studies, which evaluated the risk of venous thromboembolism (VTE or blood clots) in women taking birth control pills containing drospirenone, is available on the drug labels. The oral contraceptives containing drospirenone in Bayer's product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco’s Balanced Approach Posted: 12 Apr 2012 10:10 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 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 warehouse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apple Sued By DOJ On E-Book Pricing Posted: 12 Apr 2012 10:10 AM PDT Apple Inc. (NASDAQ:AAPL) and five frontline book publishers were recently sued by the Department of Justice (DOJ), for conspiring and manipulating e-book prices. The civil antitrust lawsuit filed in the District Court for the Southern District in New York accused Apple, HarperCollins Publishers Inc, Simon & Schuster Inc, Hachette Book Group, Macmillan and Penguin Group of hatching a secret plot to inflate e-book prices aimed at curbing Amazon's (NASDAQ:AMZN) dominance in the e-book market. An … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

L-3 To Buy Simulation Business Posted: 12 Apr 2012 10:10 AM PDT L-3 Communications Holdings Inc. (NYSE:LLL) has entered into an agreement with Thales Training & Simulation Ltd's civil aircraft simulation and training business under which it will acquire its assets for approximately $132 million. L-3 plans to make the payment with cash already in hand. Subject to customary closing conditions and regulatory approvals, the company expects the transaction to be completed by mid-2012. With respect to income tax purposes, the transaction will be treated as an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Foreclosures Declined In 1Q Posted: 12 Apr 2012 09:21 AM PDT In the first quarter of 2012, foreclosure activity has fallen to the lowest level since the fourth quarter of 2007. This was reported by RealtyTrac, the leading online marketplace of foreclosure properties, while releasing its foreclosure market report. According to the report, foreclosure filings for the reported quarter dipped 2% from the prior quarter and 16% from the prior-year quarter, with a total of 572,928 properties receiving default, auction or repossession notices. Though there was a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gentiva Maintained At Neutral Posted: 12 Apr 2012 09:12 AM PDT We are maintaining our 'Neutral' recommendation on Gentiva Health Services Inc. (NASDAQ:GTIV) as its strong market position, divestiture of low-margin business and growth from specialty programs are offset by a decline in cash balance as well as shareholders' equity. Ratings downgrade and legal issues are the other downsides. Gentiva reported fourth-quarter 2011 operating earnings of $11.3 million or 37 cents per share, surpassing the Zacks Consensus Estimate of 31 cents. However, the income … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zacks Raises Target On Pelangio To $1.10 Posted: 12 Apr 2012 09:07 AM PDT Zacks raises target on Pelangio to $1.10 Steven Ralston, CFA Pelangio Exploration (V.PX, PX.V: TSX-V and PGXPF: OTC) is a junior gold exploration company with second phase drilling programs at both the company's properties located in Ghana: Manfo and Obuasi. The Manfo diamond drilling program has been increased to 40,000 meters while the Obuasi program was expanded to 9,700 meters. In 2011, the company increased its ownership of both the Manfo and Obuasi properties to 100%. The company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Roche Not Giving Up On Illumina Posted: 12 Apr 2012 09:07 AM PDT Roche Holdings Ltd. (RHHBY) is not ready to give up yet in its constant endeavor to acquire Illumina Inc. (NASDAQ:ILMN). Following a few setbacks over the past few months, Roche issued another letter to the shareholders of Illumina, where, among other proposals, it requested the latter to elect Roche's independent director nominees to Illumina's Board of Directors at the annual meeting scheduled on April 18, 2012. We note that earlier this month, the Institutional Shareholder Services' (ISS) … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Alcoa, Lennar, Nokia, Owens-Illinois Posted: 12 Apr 2012 09:07 AM PDT     Alcoa Inc. (NYSE:AA) gained 6.2% after reporting first-quarter 2012 earnings of $0.10 per share, surpassing the Zacks Consensus Estimate of a loss of $0.04 per share     Shares of Owens-Illinois, Inc. (NYSE:OI) rose 6.9% after forecasting first-quarter 2012 earnings of $0.67 per share. The Zacks Consensus Estimate for the same is pegged at $0.50 per share     Lennar Corp. (NYSE:LEN) soared 5.1% after it announced a quarterly cash dividend of $0.04 per … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Denbury Sells Utah Stakes Posted: 12 Apr 2012 09:07 AM PDT Denbury Resources Inc. (NYSE:DNR) has sold certain properties in the Greater Aneth field of Utah to Resolute Energy Corporation (REN) and the Navajo Nation Oil and Gas Company. The transaction, which was part of the company's divestiture program for non-core assets, was valued at $75 million. The Greater Aneth Field − located in the Paradox Basin of Utah − held some 6.4 million barrels of oil equivalent (BOE) of proved reserves as of December 31, 2011, with 58% in the proved developed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

American Eagle Slides To Neutral Posted: 12 Apr 2012 09:07 AM PDT We recently downgraded our long-term recommendation on American Eagle Outfitters Inc. (NYSE:AEO), a specialty retailer of casual apparel, accessories, and footwear for men and women, based on timid fourth-quarter 2011 results. The company's fourth-quarter earnings declined 20.5% to 35 cents per share from the prior-period level, battered by higher input costs. However, it managed to surpass the Zacks Consensus Estimate by a penny. Increased input costs also impacted American Eagle's margins … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

New Data: More Questions Than Answers? Posted: 12 Apr 2012 09:07 AM PDT This morning's economic data provides no comfort to those looking for evidence that last Friday's jobs miss was a one-off event. We have a big negative jump in Initial Jobless Claims, which could be interpreted as confirmatory of the March payroll miss. But it may be premature to reach that conclusion given the impact that the Easter holiday had on these numbers. The inflation data this morning — benign on the 'headline,' but somewhat hot on the 'core' — does not conclusively … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Veterans Affairs Stays With McKesson Posted: 12 Apr 2012 09:07 AM PDT McKesson Corp. (NYSE:MCK) received a major boost recently when the Department of Veterans Affairs (VA) selected the company to continue as its lead pharmaceutical supplier. The Department of VA operates the largest integrated healthcare system in the US. The agreement between the two parties has been extended for two years. McKesson will supply pharmaceuticals to all of VA’s medical centers and outpatient clinics, as well as the VA’s Consolidated Mail Outpatient Pharmacies (CMOPs). McKesson will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dutch Expansion For Henry Schein Posted: 12 Apr 2012 09:07 AM PDT Recently, Henry Schein (NASDAQ:HSIC) entered into an agreement to acquire AUV Veterinary Services B.V, a veterinary products distribution arm of Netherlands-based AUV Group. The financial terms of the deal, which is expected to close in late 2012, remained undisclosed. The deal is anticipated to be marginally dilutive to Henry Schein's 2012 EPS and accretive thenceforth. AUV Veterinary Services, which reported sales of €194.2 million ($270.4 million) in fiscal 2011, currently distributes its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Panera Appoints Interim CFO Posted: 12 Apr 2012 09:06 AM PDT The restaurant chain Panera Bread Co. (NASDAQ:PNRA) recently appointed Thomas Patrick Kelly, aged 54, as the Chief Financial Officer (CFO), effective immediately. The management churn comes in the wake of the resignation of Jeff Kip from the position of CFO in March 2012. Jeff Kip served as the CFO of the company since 2006 and resigned last month to join IAC/InterActiveCorp. (IACI), a company engaged in the Internet business in the United States and internationally. Kelly has been appointed on an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quest’s Simplexa Test Gets FDA Nod Posted: 12 Apr 2012 09:06 AM PDT Quest Diagnostics (NYSE:DGX), one of the leading providers of commercial laboratory services in North America, recently received the 510(k) clearance from the US Food and Drug Administration (FDA) for its Simplexa C.difficile Universal Direct Test that run on the 3M Integrated Cycler. The test has been developed by Quest's Focus Diagnostics business and enables rapid detection of Clostridium difficile-associated disease, a potentially fatal virus infection that causes diarrhea and other … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toyota Raises Sales Forecast Posted: 12 Apr 2012 09:06 AM PDT Toyota Motor Corp. (NYSE:TM) raised its 2012 sales forecast for the U.S. due to improving consumer confidence, rising gasoline prices and strong pent-up demand on the back of aging vehicles on road (average age of a vehicle on U.S. roads is 10.8 years). The Japanese automaker expects to boost sales by 15% to 1.89 million vehicles in the U.S. during the year. The company believes rising gasoline prices would raise the demand for its fuel-efficient lineups. Toyota's sales guidance is perfectly in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Calgon Carbon Stays Neutral Posted: 12 Apr 2012 09:06 AM PDT We retain our Neutral recommendation on Calgon Carbon Corporation (NYSE:CCC) following its mixed fourth-quarter 2011 results.  It is expected that solid sales gains and strategic initiatives adopted by the company will bring benefits in the longer term. We, however, remain concerned about the economic challenges that the company might face in 2012. The company released its fourth quarter and full-year 2011 results in February 2012. Its earnings for the quarter missed the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Multi-year Contract Win For ACXM Posted: 12 Apr 2012 09:06 AM PDT Recently, Acxiom Corporation (NASDAQ:ACXM) declared the winning of a multi-year contract for providing end-to-end services. The order came from New Jersey's biggest health insurance organization, Horizon Healthcare Services, Inc. Acxiom shall be providing a wide range of its advanced marketing and analytic services in order to develop personalized and interconnected marketing program systems for Horizon, catering to the betterment of the latter's vast health clientele. These services shall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Apogee Outperforms Posted: 12 Apr 2012 09:06 AM PDT Apogee Enterprises Inc. (NASDAQ:APOG) reported earnings of 11 cents per share for fiscal 2012 fourth quarter ending March 3. Results, which comfortably surpassed the Zacks Consensus Estimate of 7 cents, improved considerably from the year-ago quarter in which the company reported a loss of 12 cents per share. Fiscal 2012 earnings came in at 17 cents per share compared with a loss of 51 cents per share in fiscal 2011. Results were ahead of the Zacks Consensus Estimate of 12 cents per share. Total … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Extend Gains On Mixed Data Posted: 12 Apr 2012 08:20 AM PDT 04/12/12 US stocks gained on Thursday following mixed economic data releases. Jobless claims raised recovery concerns, missing forecasts of a decline in the latest week. Royal Dutch Shell shares slid on concerns of Gulf of Mexico oil … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

America’s Energy-Based Economic Renaissance Posted: 12 Apr 2012 08:05 AM PDT From Fortune, “America’s Energy Job Machine is Heating Up” “Along the Texas coast it’s easy to spot the effects of America’s oil and gas renaissance in new hotels built in the past five years (many of them now populated by itinerant oilfield workers), in the multiplying numbers of overnight “shale-ionaires,” in rising home values, expanding car and truck dealerships, and effectively full employment. What really excites experts is that these signs of prosperity in the gulf point to a larger … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

To: Hilary Rosen And The DNC: Inconvenient Truths And The Two Parent Family Posted: 12 Apr 2012 07:41 AM PDT The greatest social program known to mankind is the two parent family. I find it regrettable that for many in our nation, my broaching this topic is deemed politically incorrect and an inconvenient truth. Family issues encompass a wide array of social and economic topics. As such, and as I navigate our economic landscape here at Sense on Cents, I feel compelled to address them. In my strong opinion, the media and those whom the media protect would like to distract the nation by discussing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Rises After Italy Auction Posted: 12 Apr 2012 02:00 AM PDT 04/12/12 The euro was steady Thursday morning after an solid Italian sovereign bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Wacky World Of Government Antitrust Posted: 12 Apr 2012 06:57 AM PDT 1. In the case of Apple and five major book publishers, the government claims that collusive behavior led to higher e-book prices for consumers, and the participants are being charged with price-fixing. 2.  In the case of taxi and limousine companies in Nashville, a federal judge has upheld the collusive, price-fixing practices of the established limo and taxi companies that have conspired with the help of local government officials to impose a $45-per-trip minimum fare. The taxi cartel … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie Leads After Labor Data While Japanese Yen And US Dollar Struggle Posted: 12 Apr 2012 06:49 AM PDT Fundamental Headlines - Foreclosure Filings Decline in U.S. to Lowest Since 2007 – Bloomberg - Yellen Says Jobs Outlook Warrants Accommodative Policy – Bloomberg - Guns Silent in Hours after Syria Truce Deadline – Reuters - Italian Short-term Yields Rise – WSJ - Will Inflation Kill QE3 Hopes? – WSJ European Session Summary In recent weeks, global investor sentiment has eroded for two main reasons: the Euro-zone sovereign debt crisis; and the slowdown in Chinese growth. The currency … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Global Stocks Advance Despite Mixed Economic News Posted: 12 Apr 2012 01:15 AM PDT 04/12/12 Following an unexpected rise in initial jobless claims, global stocks rose slightly Thursday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What CLSA’s Andy Rothman Thinks Is The Biggest Misunderstanding In China Posted: 11 Apr 2012 10:00 PM PDT In our webcast last week on what to expect from China, Andy Rothman from CLSA outlined the major misconceptions about China. He believes the biggest myth that investors think about China is that its economy is primarily driven by exports. Using two charts which debunk this misconception, Andy explained that domestic investment and domestic consumption have long been the most significant drivers of China's economic growth. While most items we buy in big box stores have a "Made in China" … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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