Wednesday, April 11, 2012

DailyMarkets.com - Good News For Abbott Labs

DailyMarkets.com - Good News For Abbott Labs

Good News For Abbott Labs

Posted: 11 Apr 2012 07:15 AM PDT

Abbott Laboratories (NYSE:ABT) received some good news recently when the label of its blockbuster drug, Humira (adalimumab) was expanded in Europe into the ulcerative colitis (UC) indication. The European Commission cleared Humira for treating adults suffering from moderately to severely active UC. The product gained approval for use in patients who did not respond satisfactorily to standard drugs for UC treatment. UC refers to a chronic inflammatory bowel disorder.
The marketing approval for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Accenture Closes Neo Metrics Buyout

Posted: 11 Apr 2012 07:15 AM PDT

Management technology outsourcing and consulting service provider Accenture plc (NYSE:ACN) recently completed the acquisition of Neo Metrics Analytics, a reputed Spanish consultant for optimization and predictive analytics. Financial terms of the buyout, which was planned in January, remained undisclosed.
Neo Metrics' offerings facilitate interaction between companies and their customers, generating specific data to model future demand. This information is extremely useful, since it helps firms … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Best Buy Co., Danaher, SuperValu, ViroPharma Incorporated, X-Rite, Incorporated

Posted: 11 Apr 2012 07:15 AM PDT

    X-Rite Inc.'s (NASDAQ:XRIT) shares rose 38.50% after the Pantone-color marketer assented to be purchased by Danaher Corp (NYSE:DHR)

    SUPERVALU INC.'s (NYSE:SVU) shares surged 15.23% after it issued a full-year forecast exceeding the Street's expectations

    Shares of Viropharma Inc (NASDAQ:VPHM) fell 21.57% following an update from the company on measures taken to stop the introduction of its antibiotic Vancocin to the U.S. market

   … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kroger Issues Senior Notes

Posted: 11 Apr 2012 07:15 AM PDT

According to Reuters, The Kroger Company (NYSE:KR) announced the sale of senior notes worth $850 million. The company distributed the issuance in two parts, including $500 million notes carrying a coupon of 3.4% with a maturity of 10 years, and $350 million notes carrying a coupon of 5% with a maturity of 30 years.
Kroger holds a dominant position among the nation's largest grocery retailers. The company's strong corporate and national brands help it in gaining customers' loyalty, sustain … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q1: Deja Vu All Over Again?

Posted: 11 Apr 2012 07:15 AM PDT

Alcoa's (NYSE:AA) positive results may not have much relevance beyond the basic materials and commodity sectors, but it nevertheless provides further evidence that it may not take much to reassure investors on the earnings front given how low expectations have dropped.

It is perhaps premature to expect the earnings season to put a stop to the stock market slide of the last few days. But given the subdued expectations, earnings reports are unlikely to produce more pain for the market, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alcoa Beats, Outlook Bright

Posted: 11 Apr 2012 07:15 AM PDT

The largest U.S. aluminum producer Alcoa Inc. (NYSE:AA), reported earnings of 9 cents per share in the first quarter of 2012, significantly reversing the loss of 18 cents reported in fourth-quarter 2011. However, it came below the earnings of 27 cents a share recorded a year ago.  
Excluding restructuring charges and other items, Alcoa’s profit came in at 10 cents per share, beating the Zacks Consensus Estimate of a loss of 4 cents per share. The impressive results coupled with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fred’s March Sales Remain Flat Y/Y

Posted: 11 Apr 2012 07:15 AM PDT

Same-store sales at Fred's Inc. (NASDAQ:FRED) remained flat year over year in the five-week period ended March 31, 2012, compared to a marginal 0.7% increase in same-store sales a year ago. Total sales for the month moved up 3% to $194.0 million from $188.9 million in March 2011.
March's comparable-store sales matched management's guidance on the back ofstrong customer traffic in the stores. Warm weather, increased purchase of seasonal products, and success of the Core 5 departments of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk-Appetite Improves As Euro Rebounds On Falling Spanish Yields

Posted: 11 Apr 2012 06:48 AM PDT

Fundamental Headlines
- Profit Drop at U.S. Banks Imperils Rally – Bloomberg
- Shadow Banks on Trial as China's Rich Sister Faces Death – Bloomberg
- Defiant North Korea Begins Injecting Fuel into Rocket – Reuters
- German Bonds Uncovered as Yields Hit Low – WSJ
- Shades of 2011: Stock Correction Draws Worries – WSJ
European Session Summary
There was little important data due out in the overnight, a welcomed reprieve for market participants that have been seemingly disappointed upon … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Signals From USDA Supply/Demand Report

Posted: 11 Apr 2012 06:22 AM PDT

Wednesday, April 11, 2012
The USDA Corn carryout estimate has taken some of the steam out of the recent rally in prices, and we may see further long liquidation selling until more “bullish” fundamentals present themselves. A look at the daily charts for July Corn shows good technical resistance near the 660.00 level. Some traders who are looking for continued weakness in Corn futures may perhaps wish to explore selling out-of-the-money calls in Corn futures options, with strike prices above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

MF Global Update: The Black Hole In A Dark Cave

Posted: 11 Apr 2012 05:56 AM PDT

In a day and age when money transfers on Wall Street are processed and tracked at seemingly the speed of light, the MF Global back office operations might only be compared to a caveman enterprise during the Dark Ages.
How might a firm such as MF Global, taking risks that literally brought the house down, have such inadequate back office capabilities? Great question but for further 'enlightenment' on this dark and murky topic, let's review a recently released CFO report, Lax Treasury … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Expects Higher U.S. Sales

Posted: 11 Apr 2012 05:51 AM PDT

Ford Motor Co. (NYSE:F) raised its 2012 sales forecast for the U.S. based on higher consumer confidence, improving employment rate and low interest rates. The company now anticipates sales between 14.5 million and 15.0 million units for the year, which is higher than 13.5 million–14.5 million units projected while releasing the fourth quarter results in January.
However, Ford expects to lose its market share in the U.S. during 2012. The automaker occupied the No.2 position in 2011 with a market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ADTRAN Disappoints In 1Q

Posted: 11 Apr 2012 05:35 AM PDT

ADTRAN Inc. (NASDAQ:ADTN) reported first quarter 2012 adjusted earnings of 25 cents per share, in line with the Zacks Consensus Estimate but significantly below the 55 cents earned a year ago.
As feared by the company, expansion plans, acquisition expenses and increased overseas activities affected the earnings results. ADTRAN's earnings were hurt by expenses related to the acquisition of Bluesocket Inc. and the planned purchase of the Nokia Siemens Network's fixed-line Broadband Access … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Benihana Comps Continue To Grow

Posted: 11 Apr 2012 05:20 AM PDT

Miami-based Benihana Inc (NASDAQ:BNHN) continued its impressive run by posting restaurant sales of $91.9 million for the fourth quarter of 2012, up 12.9% from $81.4 million in the year-ago period. The upside in sales was primarily driven by improved comparable restaurant sales at all three restaurant concepts and one extra week of operation.
The company's comparable restaurant sales grew 4.8% in the fourth quarter of 2012, thus marking the 27th consecutive four-week period and the ninth … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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