Tuesday, April 3, 2012

DailyMarkets.com - Rio Tinto Links New Ore Platform

DailyMarkets.com - Rio Tinto Links New Ore Platform

Rio Tinto Links New Ore Platform

Posted: 03 Apr 2012 12:04 PM PDT

Last week, Rio Tinto plc (NYSE:RIO) inked a collaborative affiliation with a new iron ore trading network, named China Beijing International Mining Exchange (CBMX). With the acquired membership of an electronic trading platform, Rio Tinto will now be able to easily sell its available iron ore to Chinese market.
Moreover, the online trading platform will allow members selling over and above the contracted quantity.  
Alan Smith, the president of Rio Tinto Iron Ore Asia, expects strong … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Positive Data On Novartis’ Glivec

Posted: 03 Apr 2012 11:50 AM PDT

Switzerland-based pharmaceutical company, Novartis AG (NYSE:NVS) announced that a positive phase III trial result of Glivec (imatinib) was published in the Journal of the American Medical Association (JAMA). The phase III trial evaluated Glivec as an adjuvant treatment in post surgery KIT (CD117)-positive gastrointestinal stromal tumors (KIT+ GIST) patients. Results from this trial were first presented at the American Society of Clinical Oncology (ASCO) meeting in June 2011.
The trial compared the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Risk, Reward Balance Gannett

Posted: 03 Apr 2012 11:35 AM PDT

The economy, which is still not awaken completely from a state of hibernation, has been taking its toll on publishing companies, and Gannett Company, Inc. (NYSE:GCI) is no exception. However, the companies are contemplating on finding new revenue generating avenues.
Advertising – an Inherent Risk
Advertising, which remains a significant source of revenue for the company, in turn depends upon the global financial health.
We observe that Gannett's publishing advertising revenue fell 7.1% during … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Makes Caterpillar Outperform

Posted: 03 Apr 2012 11:20 AM PDT

We maintain our Outperform recommendation on Caterpillar Inc. (NYSE:CAT) driven by its overwhelming positives. Prime is the Bucyrus acquisition which positions the company as the #1 mining equipment manufacturer in the U.S.
Other considerations include a record backlog, expansion plans and expectations of top-line growth on the back of increasing demand for construction and mining equipment.  The quantitative Zacks #1 Rank (short-term Strong Buy rating) for the company indicates upward … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevron-Conoco To Build Hexene Unit

Posted: 03 Apr 2012 11:10 AM PDT

Chevron Phillips Chemical Company LP – a joint venture of Chevron Corporation (NYSE:CVX) and ConocoPhillips (NYSE:COP) – announced plans to set up a major 1-hexene producing facility in Baytown, Texas. This is supposed to be the world's biggest 1-hexene plant with a production capacity of up to 250,000 metric tons per year.
Located at Cedar Bayou, the plant will be supported by superior infrastructure, feedstock availability and high-grade operating system. 1-hexene forms an important … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Shell, Nexen Strike More Oil In GoM

Posted: 03 Apr 2012 10:50 AM PDT

Anglo-Dutch behemoth Royal Dutch Shell Plc (NYSE:NXY) have encountered additional resources in the Appomattox deepwater structure in the Gulf of Mexico. The companies were conducting extensive exploration and appraisal activities on the concession.
Nexen confirmed that the drilling on the northeast fault block of Appomattox indicated the presence of contingent recoverable resources of about 215 million barrels of oil equivalent (boe).
The Appomattox structure in the Mississippi Canyon can be … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

General Dynamics Get Army Contracts

Posted: 03 Apr 2012 10:35 AM PDT

General Dynamics Corporation (NYSE:GD) was awarded two contracts by the U.S. Army to develop and implement fixed and mobile computing capacity for the Area Processing Centers Army Private Cloud, or APC2, initiative. These contracts for five years are multiple-award, indefinite delivery and indefinite quantity contracts. They have a combined potential value of $249.8 million.
These contracts were awarded to General Dynamics One Source, a joint venture of three General Dynamics companies:  … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Myers: “Earnings Season…beat Numbers Could Come Down”

Posted: 03 Apr 2012 10:30 AM PDT

04/03/12 DME Securities’ Warren Myers discusses expectations for the upcoming earnings season and US jobs report, and weighs in on possible equity market reaction post-FOMC … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Advance Auto Stays Neutral

Posted: 03 Apr 2012 10:20 AM PDT

We continue to recommend the shares of Advance Auto Parts (NYSE:AAP) as "Neutral" for the long-term (more than 6 months). We appreciate the company's efforts to improve supply chain and vendor terms by pursuing an aggressive store expansion strategy. However, we believe sluggish economy and unfavorable pricing due to tough competition will mar the company's results.
Advance Auto is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Raises WellPoint’s Outlook

Posted: 03 Apr 2012 10:15 AM PDT

On Monday, credit rating agency Standard and Poor's (S&P) Rating Services raised its outlook on WellPoint Inc. (NYSE:WLP) to 'Positive' from 'Stable'. The rating agency also affirmed the company's counterparty credit rating (CCR) for senior unsecured notes at "A-" and commercial paper at "A-2".
Additionally, S&P affirmed the CCR and financial strength ratings (FSR) of UNICARE Life & Health Insurance Co., a subsidiary of WellPoint, at "BBB" with a stable outlook. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Sigma-Aldrich Buys Research Organics

Posted: 03 Apr 2012 09:55 AM PDT

Global lab chemical and life sciences company Sigma-Aldrich Corporation (NASDAQ:SIAL) has acquired Ohio-based leading biochemicals supplier Research Organics, Inc. for an undisclosed price. The acquisition is expected to boost the Missouri-based company's buffer production capacity and expand its pharmaceutical grade (PharmaGrade) portfolio of raw materials for the biopharmaceutical and diagnostic industries.
Research Organics is a leading provider of high purity biochemicals for application in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Rogers Communications

Posted: 03 Apr 2012 09:55 AM PDT

We reiterate our long-term Neutral recommendation on Rogers Communications Inc. (NYSE:RCI). In the previous fiscal, the company achieved quite a few milestones including the sale of the highest number of smartphones to new customers, the highest number of smartphone activation, and a significant increase in wireless data revenue. We believe the company will continue to perform well as it has become the first wireless carrier in Canada to launch super-fast (4G) LTE networks.
In the previous … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hartford To Buyback Securities

Posted: 03 Apr 2012 09:36 AM PDT

In a bid to improve its capital structure, Hartford Financial Services Group Inc. (NYSE:HIG) has announced, in a regulatory filing on Monday, its plan to repurchase the company's junior subordinated debentures and outstanding warrants from Germany's largest insurer, Allianz SE. The company intends to spend roughly $2.43 billion toward the same, of which $300 million will be utilized in the repurchase of warrants. These warrants can be used to purchase 69.4 million Hartford shares at an average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

What Is The VIX Contango Telling Us?

Posted: 03 Apr 2012 09:23 AM PDT

Tuesday, April 3, 2012
The VIX is at its lowest levels in almost five years, as fear premium has been disappearing from options and VIX futures. Traders are left to determine whether the steep contango is the result of the market lulling itself into a false sense of security, as has historically been the case, or whether the abundance of VIX ETFs has skewed the curve. Regardless of the reason, the spread between the first two months has been widening as the front month converges with the cash … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX Launches BackStop Gel

Posted: 03 Apr 2012 09:11 AM PDT

Boston Scientific (NYSE:BSX) recently launched BackStop Gel to prevent migration of stones during surgical procedures. The company is marketing the product, a water-soluble polymer, in domestic and some specific international markets.
The launch of BackStop Gel can be of immense benefit to the physicians as stone migration is a common challenge during stone extraction. This can often lead to increased procedure time, lower stone-free rates and increased need for secondary procedures. The product … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Selling Your House – How Long Will It Take?

Posted: 03 Apr 2012 09:07 AM PDT

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


Apple’s New IPad Shines

Posted: 03 Apr 2012 09:04 AM PDT

The tech-giant Apple Inc. (NASDAQ:AAPL) proved its popularity yet again as the Consumer Reports’ list adjudged the "new iPad" to be number one in the tablet market. Apple won over the allegations of the third generation 4G enabled device emitting excess heat to snatch the top rank.
Consumer Reports noted that the heat emission issue was rampant among other tablets such as Google Inc.'s (NASDAQ:GOOG) Android based  Samsung’s Galaxy Tab 10.1 and Asus Transformer Prime when put through similar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Econ News: Lots Of Singles, No Homers

Posted: 03 Apr 2012 09:04 AM PDT

Today’s economic news, in baseball parlance, will likely consist of a series of singles but no home runs. A plethora of data, from February Factory Orders to March Auto Sales, are on the docket for Tuesday, a week before Q1 earnings season officially kicks off.

Factory Orders, due to be released at 10am Eastern Time (ET), are expected to have gained 1.4% following a January decline of 1.0%. The impact of this news item will likely be limited, however, as we have already seen an upswing in New … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Avon Products, Express Scripts, GlaxoSmithKline PLC, Hartford Financial Services Group, MedcoHealth Solutions Inc, Theravance

Posted: 03 Apr 2012 09:04 AM PDT

    GlaxoSmithKline plc (NYSE:GSK) upped its holding in Theravance Inc. (NASDAQ:THRX), which helped the latter's shares gain 19.4%

    The Hartford Financial Services Group, Inc.'s (NYSE:HIG) announced it was repurchasing $2.43 billion worth of debt and warrants from Allianz SE. Subsequently, Hartford's shares gained 4.1%

    Express Scripts Inc. (NASDAQ:ESRX) finally managed to complete its $29.1 billion takeover of Medco Health Solutions, Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Starbucks To Triple Stores In China

Posted: 03 Apr 2012 09:04 AM PDT

Determined to expand in the fast growing Chinese markets, Starbucks Corp. (NASDAQ:SBUX) has planned to triple its store count in that region. Starbucks believes that China will become its second-largest market by 2014.
Starbucks, which had opened its first Chinese store in 1999, currently runs more than 570 outlets across 48 Chinese cities. In fiscal 2011 alone, the company opened approximately one store every four days on an average, and opened stores in 13 new cities. Now, the company is confident … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Orders Flow For Boeing’s ER 777-300

Posted: 03 Apr 2012 09:04 AM PDT

The Boeing Company (NYSE:BA) has received an order worth $895 million for three additional 777-300 Extended Range ("ER") airplanes from Angola flag carrier TAAG Linhas Aereas de Angola. The contract also includes rights to purchase three additional 777-300ERs.
The Boeing 777-300ER entered into service in May 2004. It is one of the long-range airplanes developed by Boeing to provide more flexibility to the airline companies and ensure non-stop services for their customers. The aircrafts, with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dow To Cut Costs, Lay Off 900

Posted: 03 Apr 2012 09:04 AM PDT

The Dow Chemical Company (NYSE:DOW) announced that it will be cutting costs owing to weak demand of its products in Europe. As part of the move, the company has announced the closure of its manufacturing plants in Europe, North America and Latin America.
In addition, Dow plans to shut down three plants that produce Stryofoam Brand Insulation products. These plants are located in Estarreja, Portugal; Balatonfuzfo, Hungary; and Charleston, Illinois. The shutdown plans, which are expected to complete … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Illumina Declines Roche Bid Again

Posted: 03 Apr 2012 09:04 AM PDT

Illumina (NASDAQ:ILMN) continues to remain apathetic to Roche Holdings' (RHHBY) acquisition bid. In response to the recent increased takeover offer by Roche, Illumina issued a letter to the Chairman of Roche clearly declining the company's bid as it still considers the offer to be grossly underpriced.
Last week, subsequent to Illumina's second request letter to its shareholders justifying the earlier Roche bid as undervalued, Roche increased its offer price, for acquiring all the shares of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Glaxo To Hike Stake In Theravance

Posted: 03 Apr 2012 09:04 AM PDT

British pharma giant GlaxoSmithKline (NYSE:GSK) announced that it will increase its holding in biopharmaceutical company Theravance Inc. (NASDAQ:THRX) to 26.8% from 18.3%. The two companies inked a deal, which will allow Glaxo to acquire 10,000,000 shares of Theravance for approximately $21.3 per share. The deal is worth approximately $212.88 million.
We note that the offer price per share for the transaction reflected a 7.5% premium over Theravance's volume-weighted average price of $19.8 per share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ventas Closes Cogdell Acquisition

Posted: 03 Apr 2012 09:04 AM PDT

Ventas Inc (VTR) recently announced that it has completed the acquisition of Cogdell Spencer Inc. Following the takeover, Ventas will get hold of 72 high-quality medical office buildings (MOBs) across the U.S.
Subsequent to the closure of the Cogdell acquisition, Ventas has emerged as the largest owner of MOBs in the U.S., with over 21 million square feet of owned and managed properties. This transaction also increases Ventas's MOB portfolio from 12% to 15% of its total business. The company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Avon Turns Down Coty’s Buyout Bid

Posted: 03 Apr 2012 09:04 AM PDT

Avon Products Inc. (NYSE:AVP), the world’s largest direct seller of beauty and related products, rejected privately held beauty company Coty Inc's public bid to buy Avon for about $10 billion. Avon's board refused Coty's offer citing that the bid price of $23.25 per share undervalues the company.
Avon's rejection on the takeover bid came after Coty went public in order to indulge Avon in a discussion regarding the buyout. Previously, Coty's three proposals to Avon's CEO failed to bring … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Emerson Acquires Johnson Business

Posted: 03 Apr 2012 09:04 AM PDT

St. Louis-based Emerson Climate Technologies announced that it has acquired the marine container and boiler business of Johnson Controls Inc. (NYSE:JCI) in Glendale, Wisconsin. Emerson is the world's leading provider of heating, ventilation, air conditioning (HVAC) and refrigeration solutions for residential, industrial and commercial applications. The acquisition will help the company expand its refrigeration technology and product portfolio in the global transportation industry.
The business … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On WPPGY Yet Again

Posted: 03 Apr 2012 09:04 AM PDT

We currently maintain a Neutral recommendation on Dublin, Ireland-based advertising company, WPP Group plc (WPPGY).
Over time, the company has been making concerted efforts to expand its operations in fast growing emerging markets by making strategic acquisitions and making forays into vast untapped markets in those regions. Most of the acquisitions are given effect through the company’s wholly-owned subsidiaries.
In 2011, WPPGY acquired roughly 24 businesses in new markets, 32 in new media and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Unilever Launches Clear In US

Posted: 03 Apr 2012 09:04 AM PDT

The Dutch consumer goods maker Unilever NV (NYSE:UN) has launched its hair care product 'Clear' in the US markets intending to focus on the ends of hair rather than the root.
Unilever's brand Clear is an anti-dandruff shampoo, which gives protection from dandruff and prevents it from coming back with regular use. In addition, Clear has patented vita-ace technology that nourishes the scalp, besides conditioning the hair and keeping it soft. Clear has four variants designed for specific needs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Open Mixed Ahead Of FOMC Minutes

Posted: 03 Apr 2012 08:17 AM PDT

04/03/12 US stocks opened mixed, with the markets taking a breather after Monday’s gains. Molson Coors will buy brewer StarBev for $3.5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Little Changed Vs Dollar Ahead Of Fed Minutes

Posted: 03 Apr 2012 03:00 AM PDT

04/03/12 The euro edged higher but stayed within its recent trading range as investors were still looking to sell the currency as data showed euro zone economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Slips On Bearish Demand Data, Profit Taking

Posted: 03 Apr 2012 02:00 AM PDT

04/03/12 Oil prices fell on Tuesday as traders booked profits following a strong start to the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Those Uncle Sam Failed, Violated, And Left Behind

Posted: 03 Apr 2012 06:31 AM PDT

They are going to forget about me.
I have heard that line and iterations thereof from too many of our fellow citi (NYSE:C)zens. Uncle Sam in the personage of Ben Bernanke, Tim Geithner, Henry Paulson, Mary Schapiro, John Boehner, Nancy Pelosi, Barack Obama and many others can talk about the actions they have taken and will take to save our economy and our nation; however, in the midst of their supposed efforts they have failed, violated, and left behind tens of thousands of our fellow citi … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Dovish RBA Yields Weaker Aussie, Stronger U.S. Dollar

Posted: 03 Apr 2012 06:26 AM PDT

Fundamental Headlines
- China Grows 8.4% in Estimate Cited by NDRC Vice Chairman – Bloomberg
- Portuguese Bailout Expectations Anchor Yield Curve – Bloomberg
- Romney Aims to Pressure Santorum with Wins Tuesday – Reuters
- CFTC Deals Out Royal Pain – WSJ
- Obama Warns Supreme Court – WSJ
European Session Summary
Data was sparse in the overnight, but the Reserve Bank of Australia's March rate decision provided more than enough ammunition to spark volatility midway through the Asian … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stock Futures Slip Ahead Of Factory Orders, FOMC Minutes

Posted: 03 Apr 2012 01:10 AM PDT

04/03/12 US stock futures declined Tuesday as weakness in European markets prompted investor caution ahead of factory orders data and the release of minutes from the last Federal Reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Top Quality FTSE 100 Dividend Stocks For ISA Investors

Posted: 03 Apr 2012 01:20 AM PDT

For those of us that want more bang for our buck in the coming year, a self-select ISA focused on stocks that deliver sparkling dividends could be the ideal solution. Shareholder pay-outs from London listed blue chips hit record levels last year and the signs are that dividend growth will continue again in 2012. The trouble of course is that even the most stoic investors in some of the sturdiest FTSE 100 stocks can never be certain of a sure thing. With economic malaise still weighing heavily, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Time To Pay The Piper

Posted: 02 Apr 2012 10:00 PM PDT

If you haven't filed your 2012 federal income taxes yet, the clock is ticking. As of today, you have two weeks to get them in by the filing deadline of April 17, 2012.
Like many nationwide debates, Americans are nearly split down the middle when it comes to taxes. Recent data from Gallup shows 50 percent of Americans believe federal taxes are too high while 43 percent believe they're about right. Note: the responses are "about right" and "too high;" I don't believe there are many … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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