Monday, April 2, 2012

DailyMarkets.com - AZN Drug Gets Positive Ruling In US

DailyMarkets.com - AZN Drug Gets Positive Ruling In US

AZN Drug Gets Positive Ruling In US

Posted: 02 Apr 2012 11:55 AM PDT

AstraZeneca plc (NYSE:AZN) announced that the US court has declared the formulation patent of Seroquel XR to be valid. The patent covering the formulation of Seroquel XR expires in 2017 in both the EU and the US. The court ruled that the patent was infringed by Anchen Pharmaceuticals, Inc., Osmotica Pharmaceutical Corporation, Torrent Pharmaceuticals Limited, Torrent Pharma Inc., Mylan Pharmaceuticals Inc. and Mylan Inc. (NYSE:MYL).
A similar verdict was made by the District Court in The Hague, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Whole Foods In Neutral Lane

Posted: 02 Apr 2012 11:35 AM PDT

Being one of the leading natural and organic foods supermarkets, Whole Foods Market Inc. (WFM) with a strong brand image, and marketing and merchandising expertise, offers investors one of the strongest growth profiles in the industry. The stock is poised to surge once the economy revives and demand for healthier and natural food improves.
The Driving Forces
The stringent cost-control measures, effective inventory management and improved store-level performance are driving earnings growth. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPL Corp. Files For Rate Hike

Posted: 02 Apr 2012 11:20 AM PDT

Diversified utility PPL Corporation (NYSE:PPL) filed for an increase in the electricity rates with the Pennsylvania Public Utility Commission. The rate hike will enable the company to recover the investment made for the development of electricity supply infrastructure and also recover the high operating costs. If approved, the requested hike will result in an annual revenue growth of $104.6 million or 2.9%.
The rate hike will also enable PPL Corporation to continue with its infrastructure … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Carnival To Underperform

Posted: 02 Apr 2012 11:05 AM PDT

We recently downgraded our rating on Miami-based Carnival Corp. (NYSE:CCL) from Neutral to Underperform.
The stock was lowered mainly due to a decline in bookings after the recent sinking of its ship, Costa Concordia, and the consequent trimming in earnings guidance. Shooting fuel prices were also responsible for the downgrade.
We are a bit doubtful about the cruising sector's performance over the near term after Costa Concordia ran aground in mid-January on Italy's west coast. The disaster … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Keating: “US Markets’ Ride Up…depends On Earnings”

Posted: 02 Apr 2012 11:00 AM PDT

04/02/12 James E. Coffey Securities’ Gregory Keating discusses expectations for the second quarter and the upcoming earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rockwell Establishes Chinese JV

Posted: 02 Apr 2012 10:55 AM PDT

Rockwell Collins Inc. (NYSE:COL) announced that it established a joint venture AVIC Leihua Rockwell Collins Avionics Company. The JV was formed with China Leihua Electronic Technology Research Institute, or LETRI, a unit of Aviation Industry Corp. of China, or AVIC.
The joint venture will focus on bringing the latest surveillance products to the Commercial Aircraft Corporation of China Ltd. for its C919 aircraft. The C919 is a planned family of 168–190 seat narrow-body airliners to be built by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Conoco, ONGC In Shale Gas Pact

Posted: 02 Apr 2012 10:40 AM PDT

ConocoPhillips (NYSE:COP) and India's state-owned company Oil & Natural Gas Corp. ("ONGC") inked an agreement for the exploration of unconventional resources inside and off the east coast of India and in North America.
This latest memorandum of understanding (MoU) enables ConocoPhillips to tap huge shale gas resources in India through its technological expertise. The MoU involves cooperation of both parties in shale gas exploration in India, North America and other regions. ONGC also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

PPG Unites With Physical Security

Posted: 02 Apr 2012 10:25 AM PDT

PPG Industries Inc. (NYSE:PPG) announced that its marine and protective coatings business has collaborated with Physical Security for the application of PPG's Mil-Tough BR polyurea coating. The coating is expected to assist customers in satisfying the requirements of the U.S. Department of Defense Unified Facilities Criteria and the Interagency Security Committee Physical Security Criteria for Anti-Terrorism Force Protection (ATFP).
PPG along with a number of its groups are working with Physical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Women Of The Marcellus

Posted: 02 Apr 2012 10:25 AM PDT

“Today, Energy In Depth released “Women of the Marcellus”, the video above that highlights how Marcellus Shale development is re-uniting and strengthening families across Pennsylvania. While many have seen and heard by now of the obvious economic benefits and consumer savings made possible thanks to responsible Marcellus development, this video highlights the stories of three families whose lives have been made materially better owing to these opportunities. From a dairy farmer in Troy who … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sold NUGT @ $17.39

Posted: 02 Apr 2012 10:25 AM PDT

Earlier this morning I sold my entire position in Direxion’s Gold Miners Bull 3X ETF at $17.39. I was fortunate to earn 8.2% on this one day trade.

My TSI Trading record has been … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BNY Mellon FX Case Partly Dismissed

Posted: 02 Apr 2012 10:10 AM PDT

On Friday, a U.S. district judge in San Francisco dismissed certain foreign exchange (FX) pricing-related allegations against The Bank of New York Mellon Corporation (NYSE:BK), thereby providing a huge relief to the company. The judge discharged five out of nine claims regarding over-charging the FX transactions while the remaining four were transferred to different state courts.
The accusations under the California False Claims Act against BNY Mellon were dismissed. However, the allegations that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Polycom Downgraded To Neutral

Posted: 02 Apr 2012 10:00 AM PDT

We downgrade our recommendation on Polycom Inc. (NASDAQ:PLCM) to Neutral backed by our assessment that the global unified collaborative solutions market is becoming immensely competitive day by day and Polycom is yet to fix its sales execution problems in the North American region. The company's fourth quarter of 2011 financial results outpaced the Zacks Consensus Estimates.Despite facing competitive pressure from Cisco, Polycom's Network Infrastructure Systems businesses grew 39% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Encouraging Data From Edwards

Posted: 02 Apr 2012 09:45 AM PDT

Last week, Edwards Lifesciences (NYSE:EW) presented positive long-term data from Cohort A of the PARTNER Trial. The aim of the study was to evaluate patients considered to be at high risk for surgery who were treated with either surgical aortic valve replacement or the Sapien transcatheter heart valve ("THV"). Data from the study were published in the New England Journal of Medicine and simultaneously presented at a conference in Chicago.
Cohort A of the PARTNER Trial studied 699 patients with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Rallies On US Data, Equity Rise

Posted: 02 Apr 2012 04:39 AM PDT

04/02/12 Oil futures turned positive in mid-morning trading Monday after being down earlier in the day, following the lead set in the equity … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CNO Reveals Buyback, Debt Repayment

Posted: 02 Apr 2012 09:25 AM PDT

CNO Financial Group Inc. (NYSE:CNO) has announced the repurchase of approximately 2.44 million shares in the first quarter of 2012, representing a hike from 2.35 million shares bought back in the prior quarter. During the first quarter, the company spent $18.9 million in aggregate for the share buyback at an average price of $7.75 per share.
The company's first quarter repurchase brings the total buyback under its $200 million share repurchase program roughly to 13.56 million shares at an … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Will Jobs Report Make It A Good Friday?

Posted: 02 Apr 2012 09:15 AM PDT

 
To read this article on Zacks.com click … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myriad Inks Deal With Cephalon

Posted: 02 Apr 2012 09:15 AM PDT

The recent agreement with Cephalon is another attempt by Myriad Genetics (NASDAQ:MYGN) to establish itself as a strong player in the companion diagnostic market. Cephalon is a subsidiary of Teva Pharmaceuticals (NASDAQ:TEVA).  Under the agreement, Myriad will conduct BRCA1 and BRCA2 mutation testing on patients with Bracanalysis before being enrolled in a phase I/II clinical study.

Over the recent past, the company has entered into similar agreements with players such as Abbott (NYSE:ABT), Astra … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP: U.S. Govt. Hiding GoM Facts

Posted: 02 Apr 2012 08:58 AM PDT

BP Plc (NYSE:BP) has alleged the U.S. government of concealing proofs that may reveal that the 2010 Deepwater Horizon oil spill in the Gulf of Mexico was not as massive as claimed by the federal officers.
Per the documents revealed by the government, the oil spill had catastrophic effects killing eleven people and pouring 4.9 million barrels from the mile-deep Macondo oil well, and was considered the worst offshore U.S. incident in history.
However, BP claims that an August 2010 estimation of 4.9 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Offloads Media Co. Stake

Posted: 02 Apr 2012 08:58 AM PDT

According to Reuters, on Friday, Goldman Sachs Capital Partners, a private equity unit of The Goldman Sachs Group Inc. (NYSE:GS) agreed to sell-off its 16% stake in Arizona-based Village Voice Media, as this privately held media corporation is likely running a sex trafficking platform. The company owns weekly alternative newspapers, including The Village Voice, which gets published in the New York City.
The Village Voice Media also operates an online advertising website named Backpage.com, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Honda Recalls SUVs

Posted: 02 Apr 2012 08:25 AM PDT

Honda Motor Co. (NYSE:HMC) revealed that it would recall 554,000 units of CR-V compact SUVs and Pilot large SUVs due to a problem with their headlight wiring. The CR-Vs belong to the 2002–2004 model year and Pilots to 2003.
The automaker detected potential flaws with the headlight switch in some of the vehicles. The flaw could lead to blacking out of low-beam headlights, thereby increasing the risk of a crash. However, the company has not yet received any reports of injuries or crashes related … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EA Unveils EURO 2012 Expansion Pack

Posted: 02 Apr 2012 08:10 AM PDT

Catching the EURO 2012 fever, Electronic Arts Inc. (EA) recently announced the launch of UEFA EURO 2012, a paid digital expansion pack for gamers that already own FIFA Soccer 12. The game is scheduled for release on April 24 in North America and Europe and on April 25, 2012 in other countries around the world.
Developed by EA Canada, the expansion pack will be available on both Microsoft's (MSFT) Xbox 360 and Sony's (SNE) PlayStation 3, as well as on personal computers. Gamers are required … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Mixed On Data

Posted: 02 Apr 2012 08:02 AM PDT

04/02/12 US stocks turned mixed following a better-than-expected ISM manufacturing reading and weak construction spending data. In this holiday shortened week, key US data and central bank rate decisions will be coming … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Online Job Demand Jumps In March; Both Total Ads And New Ads Are Above Pre-Recession 2007 Levels

Posted: 02 Apr 2012 07:28 AM PDT

From today’s Conference Board report on online labor demand:

“Online advertised vacancies rose 246,300 in March to 4,669,600, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The March rise is the fourth consecutive monthly rise. The Supply/Demand rate stands at 2.9 unemployed for every vacancy; however, nationally there are still 8.4 million more unemployed than advertised vacancies.

"The March sharp rise in labor demand continued to narrow the gap … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Data Pressures Euro, Risk Aversion Rises

Posted: 02 Apr 2012 02:00 AM PDT

04/02/12 Weak European manufacturing data led investors to remain cautious on higher-yielding currencies … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

2011: Most Energy-Efficient Economy In History

Posted: 02 Apr 2012 06:57 AM PDT

The Energy Information Administration reports that it took only 7.32 thousand BTUs of energy to produce each dollar of real GDP in 2011, making last year’s economy the most energy-efficient in history (see chart).  Energy consumption per dollar of output in 2011 was 2% less than 2010 (7.47 thousands BTUs), and half of the energy required in 1979 (14.79 thousand … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Spectrem Affluent Investor Index Nears 5-Year High

Posted: 02 Apr 2012 06:25 AM PDT

MSNBC — “The Spectrem Group announced last week that its Spectrem Affluent Investor Confidence Index jumped 10 points in March to 5, the highest level in nearly five years (yellow line in graph above). The Index measures the investment confidence and outlook of households with $500,000 or more in investable assets. This is the seventh consecutive month that the Index has posted a gain. 

The Spectrem Millionaire Investor Confidence Index gained six points to 10, the highest reading in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Futures Slip On Overseas Manufacturing Data

Posted: 02 Apr 2012 01:00 AM PDT

04/02/12 With manufacturing reports out of China and Europe pointing to slowing growth, stock futures slipped … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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