DailyMarkets.com - McDermott Wins Malaysian Deal

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• McDermott Wins Malaysian Deal
• Q1 10-Q, Development On-Track
• Alexion Downgraded To Neutral
• Merge Expands With Meaningful Use
• FedEx Aims For Fuel Efficient Fleet
• Stock Market News Briefs: Deere & Company, J.C. Penney Company Holding Company, Sina, Staples, Target Corporation
• Abiomed Beats, Posts Profit
• Jobless Claims, Walmart Offset Worries?
• Limited Brands Beats By A Penny
• DOW Boosts LED Portfolio
• Hot Topic Beats On Improved Margins
• FPA’s Bob Rodriguez Has A Message For Washington
• Stocks Lower As Europe Overshadows Jobs Figures
• JACK Fails To Meet Estimate
• U.S. Home Systems Outperforms
• Let’s Just Declare The End Of Peak Oil/Asininity

McDermott Wins Malaysian Deal Posted: 17 May 2012 07:52 AM PDT Recently, energy-focused engineering and construction firm McDermott International, Inc. (NYSE:MDR) received a major subsea contract from Murphy Sabah Oil Co., Ltd. Although none of the companies disclosed the financial terms of the deal, McDermott has included the contract's value in its first quarter 2012 backlog. Per the deal, McDermott will provide engineering, procurement, construction, transportation, installation and commissioning services to be utilized for the subsea infrastructure of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q1 10-Q, Development On-Track Posted: 17 May 2012 07:33 AM PDT Q1 2012 10-Q Filed FluoroPharma (FPMI) filed their 10-Q for the first quarter ending March 31, 2012 on May 15th.  Operating expenses continue to be inline with our expectations and were approximately $937k in Q1, up only slightly from the prior quarter ($870k).   Net loss to common and EPS were $853k and ($0.04) compared to our estimates of $1.1 million loss and ($0.05).   Cash used in operating and investing activities were $847k and $31k in Q1, also inline with our … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alexion Downgraded To Neutral Posted: 17 May 2012 07:33 AM PDT We recently downgraded Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) from Outperform to Neutral. Our target price on the stock is $91.00. Even though pleased with the label expansion of Alexion's sole marketed product, Soliris in the U.S. and E.U. for the atypical hemolytic uremic syndrome (aHUS) indication in 2011, we believe that the sales potential represented by the aHUS indication is limited given the small aHUS patient population. We remind investors that the label of Soliris, already marketed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Merge Expands With Meaningful Use Posted: 17 May 2012 07:32 AM PDT In a concerted effort to tap the growing market for electronic health record (EHR), imaging and interoperability solutions provider Merge Healthcare (NASDAQ:MRGE) recently added twelve new practices to its ever-growing list of users who selected its complete EHR solution to achieve Meaningful Use need. Presently, Merge Meaningful Use solutions are deployed by over 89 clients, representing more than 850 physicians. The company encouragingly noted that the Centers for Medicare & Medicaid Services … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FedEx Aims For Fuel Efficient Fleet Posted: 17 May 2012 07:02 AM PDT FedEx Corp. (FDX) announced that its division – FedEx Express has achieved 16.6% fuel efficiency in its transportation fleet. FedEx has set a goal of making its fleet 20% more fuel efficient by 2020. Thus, this recent development is a key step ahead in achieving the target. In addition, the company stated that 20% of FedEx Express diesel vehicle fleet has been modified to adhere to the 2010 U.S. Environmental Protection Agency diesel emission standards. The company announced that it is taking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Deere & Company, J.C. Penney Company Holding Company, Sina, Staples, Target Corporation Posted: 17 May 2012 06:43 AM PDT     J.C. Penney Company, Inc. (NYSE:JCP) declined 19.7%, a day after it declared to suspend its quarterly dividend plan. Savings from this move, of about $175 million, will be invested in a transformation plan     SINA Corporation (NASDAQ:SINA) posted a first quarter loss per share of $0.27, matching the Zacks Consensus Estimate loss of $0.27     Target Corporation (NYSE:TGT) reported first quarter earnings per share of $1.04, surpassing the Zacks Consensus … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Abiomed Beats, Posts Profit Posted: 17 May 2012 06:43 AM PDT Heart devices technologies major Abiomed Inc. (NASDAQ:ABMD) reported fourth quarter fiscal 2012 adjusted (excluding one-time items except stock-based compensation expenses) earnings per share of 7 cents, beating the Zacks Consensus Estimate of 6 cents and surpassing the year-ago loss per share of 4 cents. In the reported quarter, profit was $2.6 million (or 6 cents a share) versus a net loss of $1.8 million (or 5 cents a share) in the year-ago quarter. For the fiscal year, adjusted earnings of 5 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jobless Claims, Walmart Offset Worries? Posted: 17 May 2012 06:43 AM PDT It will be interesting to see if today's basket of favorable domestic reports will be enough to offset continuing Greece-inspired worries. But the market's performance over the last few days in the face of similar numbers does not inspire much confidence about today's trading action either. Wal-Mart's (NYSE:WMT) positive earnings surprise is not the only favorable bit of news this morning. The Jobless Claims reading this morning is favorable as well, even though it remained 'unchanged' … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Limited Brands Beats By A Penny Posted: 17 May 2012 06:23 AM PDT Limited Brands, Inc. (NYSE:LTD), a specialty retailer of women's intimate and other apparel, beauty and personal care products, recently posted first-quarter 2012 earnings of 41 cents a share that whiskered past the Zacks Consensus Estimate by a penny, and rose 5% from 40 cents earned in the prior-year quarter. Management had earlier projected quarterly earnings between 38 cents and 40 cents a share. Let's Dig Deep Limited Brands, which competes with Gap Inc. (NYSE:GPS) and Hanesbrands Inc. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

DOW Boosts LED Portfolio Posted: 17 May 2012 06:08 AM PDT Dow Chemical Company's (NYSE:DOW) electronic business unit, Dow Electronic Materials, acquired Lightscape Materials in order to boost its light emitting diodes (LED) portfolio. The financial terms of the deal are yet to be disclosed. The company acquired Lightscape Materials’ from a group of investors, including South Korean firm Wisepower and U.S.-based SRI International. Lightscape Materials is a New Jersey-based research company, which holds intellectual property in specialty phosphor … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Topic Beats On Improved Margins Posted: 17 May 2012 06:08 AM PDT Shopping mall based specialty retailer, Hot Topic Inc. (NASDAQ:HOTT) reported first-quarter 2012 earnings of 9 cents per share, beating the Zacks Consensus Estimate by a penny and the prior-year break-even earnings. The year-over-year increase in quarterly earnings was primarily driven by solid top-line growth and improved margins, resulting from the company's cost reduction initiatives. The reported earnings also beat its guidance range of 7 cents to 8 cents. Hot Topic's net sales for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

FPA’s Bob Rodriguez Has A Message For Washington Posted: 17 May 2012 06:05 AM PDT First Pacific Advisor's Bob Rodriguez is a renowned money manager for many reasons. The only issue I have in regard to Mr. Rodriguez is that he is not in Washington managing our nation's fiscal policy. The simple fact is Rodriguez knows of what he talks and relates it in language that is foreign to most politicians, that is, plain English. With the ongoing budget fiasco, debt ceiling, and accompanying fiscal cliff on our horizon at year end, recent comments by Rodriguez should ring long, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Lower As Europe Overshadows Jobs Figures Posted: 17 May 2012 06:00 AM PDT 05/17/12 Stocks were slipping in early trading as worries over Europe overshadowed an improved U.S. jobs … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

JACK Fails To Meet Estimate Posted: 17 May 2012 05:48 AM PDT Jack in the Box Inc. (JACK) recently posted second-quarter 2012 adjusted earnings of 27 cents per share, which fell shy of the Zacks Consensus Estimate of 32 cents. Reported earnings, however, improved from the year-ago quarter earnings of 12 cents per share. However, including gains from refranchising, GAAP earnings per share came in at 48 cents compared with 13 cents in the year-ago period. Quarter Performance During the quarter, total revenue dipped 0.3% year over year to $506.6 million. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

U.S. Home Systems Outperforms Posted: 17 May 2012 05:32 AM PDT U.S. Home Systems, Inc.(NASDAQ:USHS), engaged in the business of specialty home improvement products, recently posted earnings of 11 cents per share in the first quarter of 2012, beating the Zacks Consensus Estimate of 9 cents and the year-ago quarter earnings of 8 cents per share. Reported earnings were also above management's guidance of 9 cents per share. The strong first quarter results were attributable to record revenues and new orders. U.S. Home Systems achieved record revenue of $42.2 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Let’s Just Declare The End Of Peak Oil/Asininity Posted: 17 May 2012 04:17 AM PDT Tim Worstall in The Telegraph: “Even if we accept the geological conventional wisdom [of Peak Oil], then there’s still no cause for panic. Prices will rise, yes, so people will go off and do other things. Either use something else instead of oil (that ever cheaper shale gas for example) or simply doing things that require less energy. That’s what a price system is for, after all, providing the signals that a certain resource is in scarce supply. Peak oil wouldn’t be a problem if it did happen … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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