DailyMarkets.com - IBM To Buy Varicent Software

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• IBM To Buy Varicent Software
• France Telecom To Buy Mobinil Stake
• UCB Studying Cimiza For Another Use
• Sunpeaks Ventures Hits The Ground Running
• Mattel Misses, Sales Lag
• Many Keys To The Market This Week
• Video Game Sales Plunge In March
• Schwab Reports In Line, Revs Down
• Euro Dips Below $1.30 Versus US Dollar As Spanish Concerns Grows
• Stock Market News Briefs: Google, J P Morgan Chase & Co, SuperValu, Wells Fargo & Company
• Major Trend-line Being Put To Test In S&P Futures
• Shaw Communications Misses In 2Q
• Dillard’s Modifies Credit Facility
• Let’s Abolish The Boutique Gasoline Regime
• Optimism On Interpublic Group
• Cemig Enters Positive Zone
• WDC Offers New Drives
• “Best Tip You’ll Ever Get”
• Micron To Raise $870 Million
• Indonesian Group Partners With Fiserv
• Growth & Income Stock: Gap Inc.
• Aggressive Growth Stock: Multimedia Games
• Momentum Stock: Coinstar, Inc
• Bear Of The Day: Philips Electronics N.V. (PHG)
• Bull Of The Day: Invesco, Ltd. (IVZ)
• International Paper Downgraded

IBM To Buy Varicent Software Posted: 16 Apr 2012 07:35 AM PDT In a bid to strengthen its business analytics portfolio, International Business Machines Corp (NYSE:IBM) has agreed to acquire analytics software provider Varicent Software Incorporated. However, the financial terms of the deal were not disclosed. Based in Toronto, Canada, Varicent Software is a privately-held company and has more than 180 clients. The company's offering is used for measuring and analyzing data from various business departments – including finance and sales, human resources … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

France Telecom To Buy Mobinil Stake Posted: 16 Apr 2012 07:20 AM PDT FranceTelecom (NYSE:FTE) has reached an agreement to buy the stakes of one of the largest telecom operators in Egypt, Mobinil. France Telecom, which already holds approximately 71.25% of Mobinil, plans to raise its holding up to 95% through buying the share holdings of Orascom Telecom Holding S.A.E., the other holding company of Mobinil. France Telecom is planning to spend approximately €1.5 billion ($1.97 billion) on bidding for most of shares from Orascom Telecom's owner, Naguib Sawiris, and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UCB Studying Cimiza For Another Use Posted: 16 Apr 2012 07:06 AM PDT UCB (UCBJF) recently reported positive results from a late-stage study on Cimzia (certolizumab pegol) in adult patients with active axial spondyloarthritis (AxSpA). The study was conducted to evaluate the efficacy and safety of the drug. In the phase III study, which enrolled 325 patients with AxSpA, patients were randomized to receive Cimzia 200 mg every two weeks, or 400 mg every four weeks, or placebo. The data demonstrated that at week 12, a statistically significant higher proportion of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sunpeaks Ventures Hits The Ground Running Posted: 16 Apr 2012 06:55 AM PDT Sunpeaks Ventures Hits The Ground Running Zacks Equity Research Sunpeaks Ventures, Inc. (SNPK) completed its initial financing in March 2012 and hasn't looked back since. Sunpeaks, and its wholly owned subsidiary Healthcare Distribution Specialties LLC ("HDS"), is focusing on value-added distribution of specialty drugs and over-the-counter (OTC) branded multivitamins to the healthcare provider market across the U.S. Sunpeaks is a new player in the over $300 billion U.S. pharmaceutical … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mattel Misses, Sales Lag Posted: 16 Apr 2012 06:55 AM PDT Mattel Inc (NYSE:MAT) reported first quarter 2012 adjusted earnings of 6 cents per share, missing the Zacks Consensus Estimate by a penny. However, including an unfavorable impact of 4 cents related to the HIT Entertainment acquisition and integration costs, the company recorded earnings per share of 2 cents, which was below the year-ago quarter earnings of 5 cents per share. The lower-than-expected results were due to acquisition related costs and weak performance of its core brands including … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Many Keys To The Market This Week Posted: 16 Apr 2012 06:55 AM PDT Earnings reports will serve as the key backdrop for market action this week, though market participants will also be keeping a close watch on the economy to look for signs that the first quarter's growth momentum is losing steam. The March jobs miss has the market wary of a slowdown along the lines of what transpired at the onset of spring over the last two years. European fears are also coming back to the forefront, with yields on Spanish government bonds reaching their highest level since … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Video Game Sales Plunge In March Posted: 16 Apr 2012 06:55 AM PDT Major releases in the month of March 2012 failed to curb the slide in video games sales as it declined 25% year over year to $1.10 billion, according to market research firm NPD. Although dollar sales improved from $1.06 billion on a monthly basis, the year-over-year decline was worse than the prior-month level of 20%. As expected, both hardware and software sales plunged in March, primarily due to the ongoing transition from physical to digital platform. Hardware fell 35% year over year to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schwab Reports In Line, Revs Down Posted: 16 Apr 2012 06:55 AM PDT Charles Schwab Corporation's (NASDAQ:SCHW) first quarter 2012 earnings came in at 15 cents per share, in line with the Zacks Consensus Estimate. However, this compares unfavorably with the year-ago quarter's earnings of 20 cents. Improved trading revenue and no provision for loan losses were among the positives for the quarter. However, higher operating expenses and lower net interest revenue as well as asset management and administration fees were the headwinds. Net income for the reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Dips Below $1.30 Versus US Dollar As Spanish Concerns Grows Posted: 16 Apr 2012 06:50 AM PDT Fundamental Headlines - Franc Traders Challenge SNB as Crisis Meets Negative Yields – Bloomberg - Obama to End Too-Big-to Fail Undercut as Banks Grow – Bloomberg - Spanish Debt Heading Towards Crisis Levels – Reuters - Citi Profit Misses Estimates – WSJ - Downgrades Loom for Banks – WSJ European Session Summary While there's usually a disconnect between Friday's close and Monday's open, market participants opened the new week just as they closed last: the sell-off that took … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Google, J P Morgan Chase & Co, SuperValu, Wells Fargo & Company Posted: 16 Apr 2012 06:35 AM PDT     JPMorgan Chase & Co. (NYSE:JPM) reported first quarter earnings per share of $1.31, surpassing the Zacks Consensus Estimate of $1.17     Shares of Google Inc. (NASDAQ:GOOG) lost 4.1% a day after the company released its earnings, even though quarterly earnings per share of $8.75 surpassed the Zacks Consensus Estimate of $8.24     After the markets closed on Friday, Wells Fargo & Company (NYSE:WFC) came out with its first quarter 2012 earnings … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Major Trend-line Being Put To Test In S&P Futures Posted: 16 Apr 2012 06:22 AM PDT Monday, April 16, 2012 Though the current outlook for the June E-mini’s is uncertain, the potential is there for a sizable correction should the major uptrend line fail to hold, Currently, the trend line comes in near the 1346.75 area and some bearish traders may perhaps wish to explore selling the June E-mini S&P 500 futures should we see a weekly close below 1346.75. Fundamentals The line has be drawn in the sand, or more appropriately, the uptrend line has been drawn on the chart for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shaw Communications Misses In 2Q Posted: 16 Apr 2012 06:21 AM PDT Shaw Communications Inc. (NYSE:SJR) declared second quarter of fiscal 2012 financial results missing the Zacks Consensus Estimates by a penny. Net income for the reported quarter was $178 million or 38 cents per share compared with $172 million or 38 cents per share in the prior-year quarter. Quarterly total revenue of approximately $1,206.4 million increased 3% year over year, but came in below the Zacks Consensus Estimate of $1,213 million. The year-over-year improvement was primarily … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dillard’s Modifies Credit Facility Posted: 16 Apr 2012 06:07 AM PDT Dillard’s Inc. (NYSE:DDS), one of the leading fashion apparel, cosmetics and home furnishings retailer in the U.S., has recently modified its old $1.0 billion senior secured revolving credit facility, which expired on December 12, 2012. The amended revolving credit facility, financed by a consortium of investment bankers JP Morgan Securities LLC, a division of JPMorgan Chase & Company (NYSE:JPM) and Wells Fargo Capital Finance LLC, a division of Wells Fargo & Company (NYSE:WFC), now have a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Let’s Abolish The Boutique Gasoline Regime Posted: 16 Apr 2012 06:06 AM PDT From Steve Hayward in the Weekly Standard: “Quick: How many kinds of gasoline do we use in America? Most people would say three or six: regular unleaded, mid-grade, and premium, along with the ethanol blends of the same that have become nearly universal. The actual number is somewhere above 45, though hard to pin down exactly, according to the Government Accountability Office (GAO). It might even be closer to 70. Thirty-four states use specially blended gasoline, usually during the summer, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Optimism On Interpublic Group Posted: 16 Apr 2012 05:50 AM PDT Interpublic Group of Companies (NYSE:IPG) reiterates its Outperform recommendation based on strong growth opportunity and market optimism. Riding high on digital capabilities, diversified business model and extended geographic reach, our optimism holds good and keeps the stock beyond range. Recent growth in U.S is driven by improved GDP and positive job recovery. Interpublic Group can certainly leverage on such improvement and reach beyond. The worldwide dynamism along with the rapidly developing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cemig Enters Positive Zone Posted: 16 Apr 2012 05:40 AM PDT   We recently upgraded Brazilian electric utility, Companhia Energetica de Minas Gerais (NYSE:CIG), also known as CEMIG, from Neutral to an Outperform recommendation. The revision is based on the economic development in Brazil as well as the long-term growth prospects of Cemig. The company is the fifth largest electricity generator in Brazil and generates approximately 97% of electricity from hydroelectric sources. Apart from its integrated electric business, the company is also engaged in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

WDC Offers New Drives Posted: 16 Apr 2012 05:40 AM PDT Hard disk drive (HDD) manufacturer Western Digital Corp. (NYSE:WDC) appears to have returned to growth. Having completed the long-awaited acquisition of Hitachi Ltd.'s (NYSE:HIT) storage business last month, the drive maker has now introduced the latest version of its HDD offerings. Last week, Western Digital announced the shipment of a new 7mm, 2.5 inch mobile hard drive, Scorpio Blue. The new model is expected to woo Notebook and Ultrabook users with its single-platter, shock-proof, soundless, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“Best Tip You’ll Ever Get” Posted: 16 Apr 2012 05:24 AM PDT Who would not want to have some sort of forewarning regarding major market moves? While many brokers and financial planners are keen to offer insights as to what their in house strategists think of the market, remember these individuals and their firms ultimately and primarily get paid when they sell you products. How about an independent and insightful tip from an industry insider whom I have come to respect for a wide variety of reasons? With the markets having recently experienced some … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Micron To Raise $870 Million Posted: 16 Apr 2012 05:20 AM PDT Micron Technology Inc. (NYSE:MU) intends to restructure its balance sheet in a manner that effectively increases its debt. The chip maker intends to offer $870.0 million notes in two equal parts (A and B), to institutional buyers registered under the U.S. Securities Act of 1933. There was no information regarding the interest rate applicable on the notes, although the repayment is to be made in 2032. To attract buyers, Micron would also offer an additional $65.0 million over-allotment option (for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Indonesian Group Partners With Fiserv Posted: 16 Apr 2012 05:14 AM PDT Last week, Fiserv, Inc. (NASDAQ:FISV) announced that Badan Sertifikasi Manajemen Risiko (BSMR) has again formed an alliance with Fiserv to develop and manage four educational financial risk management workshops in Indonesia in 2012. The primary intent of these workshops is to educate professionals in the risk management industry and provide them with practical first hand experience to increase proficiency in such aspects. This is the second confluence ventured upon by BSMR with Fiserv to ameliorate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growth & Income Stock: Gap Inc. Posted: 16 Apr 2012 04:55 AM PDT Earnings estimates have been rising for Gap Inc. (NYSE:GPS) after the company broke a string of negative same-store sales numbers in February and posted a stellar 8% increase in March. It is a Zacks #2 Rank (Buy). The company also recently increased its quarterly dividend by 11%. It currently yields a solid 1.9%. And although shares have been surging this year, valuation still looks attractive for this retailer. Company Description Gap Inc is a major clothing retailer operating the Gap, Banana … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aggressive Growth Stock: Multimedia Games Posted: 16 Apr 2012 04:55 AM PDT Multimedia Games (MGAM) has seen limited analyst coverage in the past, but a recent strong beat has helped make the stock a Zacks #1 Rank (Strong Buy). Company Description Multimedia Games Holding Company engages in the design, manufacture, distribution, and maintenance of gaming machines, video lottery terminals, and associated systems and equipment. The company provides a range of networked gaming systems that control and operate Class II gaming machines, video lottery terminals, and bingo … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Momentum Stock: Coinstar, Inc Posted: 16 Apr 2012 04:55 AM PDT Coinstar, Inc (CSTR) In a world with where you can do just about everything wirelessly, it's hard to believe that coin counting machines and DVD rental kiosks are still flourishing.  Despite streaming movie heavies like Apple's iCloud & AppleTV, Netflix and Hulu, it seems that there is still a profitable market for those with a opting to get in their car and actually rent a physical DVD. There may be more than just nostalgia in the DVD market; last Thursday Coinstar increased its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bear Of The Day: Philips Electronics N.V. (PHG) Posted: 16 Apr 2012 04:55 AM PDT We are downgrading our Neutral recommendation on Philips Electronics N.V. (NYSE:PHG) to Underperform with a $16 target price. The company had a very modest fourth quarter with revenues marginally up by 3.3%, primarily driven by moderate growth across its segments. The company posted a net loss of $160 million due to a higher loss from the company s discontinued television business. The net cash flow also declined compared to the prior year, attributable to higher working capital outflow related to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bull Of The Day: Invesco, Ltd. (IVZ) Posted: 16 Apr 2012 04:55 AM PDT We are upgrading our recommendation on Invesco, Ltd. (NYSE:IVZ) to Outperform based on its sustained earnings and healthy asset under management. The company’s fourth quarter 2011 earnings inched past the Zacks Consensus Estimate. Results were aided by enhanced interest and dividend income as well as lower interest expense. An uptrend in the global equity markets helped in improving the long-term investment performance of the company, which is further expected to uplift the company’s operating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

International Paper Downgraded Posted: 16 Apr 2012 04:55 AM PDT We have recently downgraded our recommendation on International Paper Company (NYSE:IP) from Outperform to Neutral due to the integration risks associated with the Temple-Inland merger, margin headwinds and high debt levels. Mergers and acquisitions continue to be International Paper's key strategy to strengthen its business for the long term. The company's recent acquisition of Texas-based Temple-Inland will be its largest since the August 2008 acquisition of Weyerhaeuser Co.'s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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