Monday, April 16, 2012

DailyMarkets.com - Bayer Seeks Label Expansion

DailyMarkets.com - Bayer Seeks Label Expansion

Bayer Seeks Label Expansion

Posted: 16 Apr 2012 11:50 AM PDT

The HealthCare unit of Bayer (BAYRY) recently filed an application with the European Medicines Agency (EMA) seeking marketing approval for its blood thinner, Xarelto, for an additional indication in the EU. Bayer is looking to get the drug approved for treating pulmonary embolism (PE) and preventing the recurrence of deep vein thrombosis (DVT) and PE in adults. 
The HealthCare unit of Bayer has co-developed Xarelto with the Janssen Research and Development unit of Johnson & Johnson … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Lockheed Wins F-35 Contract

Posted: 16 Apr 2012 11:40 AM PDT

Lockheed Martin Corporation (NYSE:LMT) was awarded a $259 million contract for two more F-35 fighter jets to a batch of jets to be purchased by the U.S. military. The new requisition increased the size of the order to 32 jets.
The final terms of the fixed-price fifth production contract for the new radar-evading supersonic fighter jet is still under negotiation. Earlier, in December 2011, Lockheed and Pentagon reached an agreement on the contract for 30 fighter jets with an estimated value of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell JV In Third LNG Kitimat Unit

Posted: 16 Apr 2012 11:21 AM PDT

As per news reports, European oil biggie Royal Dutch Shell Plc (RDS.A) has joined hands with Japanese energy giant Mitsubishi Corporation, state-controlled China National Petroleum Corporation and Korea Gas Corporation to set up a liquefied natural gas (LNG) terminal on the western coast of Canada.
Although none of the companies confirmed the financial terms of the project, the plant is estimated to value over 1-trillion-yen or US$12.4 billion.
The terminal, which will be built near Kitimat, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Growing Market Uncertainty

Posted: 16 Apr 2012 11:18 AM PDT

Cusick’s Corner 04-16-2012
As we waffle at support levels into the midday and momentum is in question, here are some areas to monitor during this period of potential uncertainty. In the Tech sector, QQQ, keep an eye on the larger components of the index, i.e. AAPL, GOOG, ORCL, and INTC, which have been breaking down and these names make up almost 40% of the big tech index. This is also an offensive sector that needs to lead. One other tell is the performance of the smaller cap stocks, IWM, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

TSS & First Hawaiian Bank Renew Tie

Posted: 16 Apr 2012 11:15 AM PDT

In a strategic move, Total System Services Inc. (NYSE:TSS) expanded its merchant acquiring services last week as it extended its long-term alliance with the US-based leading First Hawaiian Bank. However, other terms of the deal remain unveiled.
The deal blends well with Total System's client-growth strategies as it provides merchant acquiring services to the 153-year old First Hawaiian Bank through its dependable processing platforms. Moreover, with over $16 billion of total assets, First … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

STO To Use Compression At Gullfaks

Posted: 16 Apr 2012 11:05 AM PDT

Norway based energy company Statoil ASA (NYSE:STO) has signed a contract with a unit of Schlumberger Limited (NYSE:SLB) – Framo Engineeing. Per the contract, the unit will design and build subsea gas compression plants for the Gullfaks field, off Norway and will likely be the first structure globally to use subsea gas compression.
Subsea gas compression will assist in raising production from existing fields on the Norwegian Continental Shelf as well as augment the producing life cycle of the gas … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Guilfoyle: Stay Micro Tomorrow…focus On US Numbers, Companies”

Posted: 16 Apr 2012 11:00 AM PDT

04/16/12 Meridian Equity Partners’ Stephen Guilfoyle talks technical levels and global fundamentals, and weighs in on this week’s event … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – 16 April 2012

Posted: 16 Apr 2012 10:55 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

Indian central bank hints at rate cut (RTT News)
Market sees Brazil cutting rates (Market News International)
South Korea c.bank cuts growth, inflation forecast (Market Watch)
World reacts to Yuan move (Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exxon, Rosneft In North American JV

Posted: 16 Apr 2012 10:50 AM PDT

Oil major ExxonMobil Corporation (NYSE:XOM) is set to form a joint venture (JV) with Russian state oil company Rosneft. The JV will allow Rosneft to explore North American unconventional sources as well as gain access to the know-how for developing unreachable resources.
ExxonMobil has interests in unconventional projects in the Permian basin in West Texas and several unconventional fields in Canada. The U.S. company had offered Rosneft to participate in various projects under a $3.2 billion deal, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Zacks Consensus Rises For Target

Posted: 16 Apr 2012 10:40 AM PDT

The Zacks Consensus Estimates for Target Corporation (NYSE:TGT) have been portraying an upward trend as the analysts covering the stock have become more constructive after the company posted better-than-expected March sales results and raised its first-quarter 2012 earnings projection.
March Sales in Brief
The Easter holiday and a favorable weather aided Target to post strong sales results for the five-week period ended March 31, 2012. The company registered an increase of 7.3% in comparable-store … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

M&T Bank Outpaced Ests, Exps Down

Posted: 16 Apr 2012 10:30 AM PDT

M&T Bank Corporation's (NYSE:MTB) first quarter 2012 operating earnings of $1.59 per share were significantly above the Zacks Consensus Estimate of $1.47. Earnings also surpassed the prior-quarter earnings of $1.20 per share.
Quarterly results were aided by an increase in net interest margin and lower non-interest expenses. Moreover, improved credit quality in the quarter was on the positive side, though a decrease in non-interest income acted as a headwind. Improved capital ratios also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gannett Beats, Profit Dips

Posted: 16 Apr 2012 10:25 AM PDT

Gannett Company, Inc. (NYSE:GCI), the publisher of the nation’s one of the largest-selling daily newspapers, USA Today, recently posted first-quarter 2012 results. The quarterly earnings of 34 cents a share beat the Zacks Consensus Estimate of 31 cents, but dropped 17.1% from last year’s 41 cents, reflecting a slump in publishing advertising demand coupled with a marginal fall in circulation revenue.
On a reported basis, including one-time items, earnings came in at 28 cents a share, down 24.3% … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Nordstrom Partners Bonobos

Posted: 16 Apr 2012 10:20 AM PDT

In a move to supplement its e-commerce division, Nordstrom Inc. (NYSE:JWN), one of the leading fashion specialty retailers in the U.S., has entered into a partnership with the largest online clothing brand Bonobos Inc.
E-commerce has emerged as the most successful tool for retailers to enhance sales as it enables the companies to generate additional revenues and broadens the existing customer base globally. Besides, it also improves the visibility and reputation of the retailer as a global firm … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Becton To Sell Discovery Labware

Posted: 16 Apr 2012 10:10 AM PDT

Becton, Dickinson and Company (NYSE:BDX) recently revealed that it inked a definitive agreement to sell off its Discovery Labware sub-segment (not including Advanced Bioprocessing capability) of BD Biosciences. This unit will be bought by Corning (NYSE:GLW). The cash deal amounts to about $730 million.
The deal is forecast to materialize by year-end 2012. It is subject to standard closing clauses and approval from regulators.
Becton Dickinson projects a gain upon fructification of the transaction. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Drops To $102 As Iranian Nuclear Tension Eases

Posted: 16 Apr 2012 10:00 AM PDT

04/16/12 Eased tensions concerning Iran’s nuclear program has helped push front month crude prices lower this afternoon to trade just above $102 a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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