Tuesday, April 10, 2012

DailyMarkets.com - Nike Acquires New Office Space

DailyMarkets.com - Nike Acquires New Office Space

Nike Acquires New Office Space

Posted: 10 Apr 2012 09:40 AM PDT

In a bid to accommodate its growing manpower, Nike Inc. (NYSE:NKE) bought new office space in Washington County in Beaverton, Oregon for about $44 million, close to its world headquarters, as reported by Business Journal. The deal was finalized last month.  The four-building office space along with the nearby 18-acre land were previously owned by Georgia-based Piedmont Office Realty Trust Inc. (PDM).
Earlier, Nike had taken two of the acquired buildings on lease for the past eight years, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

HDFC Bank Upgraded To Neutral

Posted: 10 Apr 2012 09:20 AM PDT

We are upgrading our long-term recommendation on HDFC Bank Ltd. (NYSE:HDB) to "Neutral" from "Underperform". The rise is based on the company's significant exposure to the faster growing retail credit market and decent fiscal third-quarter results.
Moreover, we anticipate the continuously expanding branch network of the company to drive growth in deposits and loans. However, HDFC Bank is still exposed to the threat related to higher cost of funds and increasing competition in the retail … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Temporary Employment Hiring Is Improving

Posted: 10 Apr 2012 09:16 AM PDT

The American Staffing Association reported today that its weekly Staffing Index of temporary and contract employment increased to a year-to-date high of 90 for the week ending April 1, which was almost 6% above the year-ago level and 0.74% above the previous week. For Week 14, it was the highest reading since 2008 (see top chart above), and just slightly below the 91 index level for the comparable week in 2007.

The bottom chart shows the monthly measure of Temporary Help Services employees … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Supervalu Exceeds, Sales Dip

Posted: 10 Apr 2012 09:15 AM PDT

Supervalu Inc. (NYSE:SVU), one of the largest grocery chains in the US, has posted fourth quarter 2012 earnings of 38 cents per share (excluding non-cash goodwill and intangible asset impairment charges), exceeding the Zacks Consensus Estimate of 35 cents.
The better-than-expected results come as Supervalu remains on track with its business transformation plan launched last year. The company has been trying to turn its business around by closing stores, slashing jobs, selling off some businesses … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Discover To Replace Senior Notes

Posted: 10 Apr 2012 09:05 AM PDT

Discover Financial Services (NYSE:DFS) has announced an offer to exchange its outstanding 10.25% senior notes, due 2019, and 6.45% senior notes, due 2017, with new senior notes, due 2022. The old notes have an outstanding principal of $400 million, a portion of which will be reimbursed in cash.
The new notes will be issued for a minimum aggregate principal value of $250 million. Moreover, the 10.25% senior notes will get priority during replacement.  While all of the 10.25% notes will be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ford Recalls Focus Cars

Posted: 10 Apr 2012 08:50 AM PDT

Ford Motor Co. (NYSE:F) announced that it would recall 140,310 units of its top selling car Focus due to a problem with their passenger-side windshield wiper motors. The vehicles were manufactured between August 1, 2010 and October 18, 2011.
The filings with the National Highway Traffic Safety Administration (NHTSA) revealed that a seal in the wiper motor wiring could be missing, increasing the chance of water to get inside. The water inside the motor could cause the wiper to stop working, which … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Praxair Wins Contract In China

Posted: 10 Apr 2012 08:35 AM PDT

 
Strengthening its bonds, Praxair China, a wholly-owned subsidiary of industrial gas producer Praxair Inc. (NYSE:PX) entered into a supply agreement with Changzhou Trina Solar Energy Co., Ltd. The latter is a subsidiary of China-based photovoltaic (PV) manufacturer, Trina Solar Limited (NYSE:TSL).
As per the contract terms, Praxair China will supply silane, ammonia, argon, nitrogen and oxygen to Trina Solar's new production facility at Changzhou, Jiangsu Province. Financial terms of the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sherwin-Williams Raises 1Q Outlook

Posted: 10 Apr 2012 08:20 AM PDT

The Sherwin-Williams Company (NYSE:SHW) updated its earnings forecast for the first quarter of 2012. The company now expects earnings to be in the range of 92 cents to 95 cents per share, up from the previous expectation of 56 cents to 74 cents per share. In the first quarter of 2011, the company reported earnings of 63 cents per share.
Sherwin-Williams elevated its outlook on the basis of strong sales and increased prices and demand for its Paint Stores group. According to the company, the Paint … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

March Comps Improve At Stage Stores

Posted: 10 Apr 2012 08:15 AM PDT

Stage Stores Inc. (NYSE:SSI) reported total sales of $144.0 million for March 2012, up 7.5% year over year. The company's comparable store sales (comps) increased 4.7% versus a decline of 5.3% recorded in the same month a year ago.
Stage Stores' total revenue for February and March was up 7.5% year over year at $245.0 million while comps grew 4.3% as against a decline of 6.1% in the corresponding period last year. In the fourth quarter of 2012, the company's total sales increased 5.6% year … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Lower, Wholesale Inventories Rise

Posted: 10 Apr 2012 08:05 AM PDT

04/10/12 Wall Street extended losses ahead of earnings season. US wholesales inventories for February rose more-than-expected, while small business optimism declined in the latest … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Yen At 1-month High Vs Dollar And Euro

Posted: 10 Apr 2012 07:00 AM PDT

04/10/12 The euro sank to a one-month low versus the yen and near a one-month high against the dollar on growing concerns about euro zone sovereign debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mortgages: The Hidden Game Revealed – It’s Impact On You

Posted: 10 Apr 2012 06:25 AM PDT

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US Futures Lean Higher

Posted: 10 Apr 2012 01:00 AM PDT

04/10/12 US stock futures were higher following the recent string of losses, but weakness in overseas markets and a decline in small business optimism kept investors … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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