Thursday, May 24, 2012

DailyMarkets.com - New IBM Branch Office In Vietnam

DailyMarkets.com - New IBM Branch Office In Vietnam

New IBM Branch Office In Vietnam

Posted: 24 May 2012 07:47 AM PDT

IT giant International Business Machines Corp. (IBM) recently announced the opening of a new branch office in Da Nang in central Vietnam. The new office is expected to enhance IBM's presence in Vietnam. The company already has offices in Hanoi and Ho Chi Minh City.
The branch office will enable IBM to deliver solutions and services to its growing clientele in the region. Presently, IBM is providing IT support to a number of organizations in the region including the Da Nang Government’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hyatt Boosts Latin American Presence

Posted: 24 May 2012 07:47 AM PDT

Chicago, Illinois-based, Hyatt Hotels Corporation (H) recently announced that one of its affiliates has completed the earlier announced acquisition of Hotel Nikko Mexico for approximately $190 million. The 756-room hotel was previously owned by Japan-Mexico Hotel Investment Co.
Post acquisition, The Hotel Nikko Mexico has been rebranded as Hyatt Regency Mexico City. Moreover, a Hyatt affiliate will invest around $40 million by 2015 for the renovation of Hyatt Regency Mexico City to strengthen … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

3 Best Websites To Get A Free College Education

Posted: 24 May 2012 07:36 AM PDT

Education and learning should be a lifelong process and the Internet is your chance to get a university level education for free, regardless of where you are in life, according to this article, which recommends these three websites to get started:

1. Khan Academy

2. Coursera

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

Mixed 2Q Numbers For HP

Posted: 24 May 2012 07:18 AM PDT

Hewlett-Packard Company (NYSE:HPQ) reported second quarter 2012 earnings per share (EPS) of 98 cents, beating the Zacks Consensus Estimate of 91 cents. Also, the quarter's result came above the company's guidance range of 88 cents to 91 cents. Despite a weak year-over-year comparison, shares jumped roughly 11.0% in the after-hours. Apart from the guidance beat, the main driver of the shares remained the news of a major restructuring as announced by the H-P chief Meg Whitman. Per the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon To Unveil Viewdini

Posted: 24 May 2012 07:18 AM PDT

Verizon Wireless, a joint venture of Verizon Communications Inc. (NYSE:VZ) and Vodafone Group Plc (NYSE:VOD), plans to introduce a mobile video streaming application "Viewdini" later this month.
The demand for online mobile video streaming is rising rapidly. According to the recent study from the networking company Cisco Systems Inc. (NASDAQ:CSCO), global mobile data traffic would grow eighteen folds by 2016. About two-thirds of the growth will stem from video streaming.
Hence, the company is looking … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Moving Averages: Trend Inidicator Or Resistance/Support Level

Posted: 24 May 2012 07:05 AM PDT

There are almost many discussions in technical analysis circles as to whether moving averages are predictive and form resistance and support levels or whether they instead exclusively depict historical information (like, the average price of a stock over the past … Continue reading … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Mixed Data In Jobs & Durable Goods

Posted: 24 May 2012 07:03 AM PDT

With this morning's mixed economic data on the home front from the Jobless Claims and Durable Goods reports, stocks likely will not have much to offset the uninspiring picture coming out of Friday. The overnight summit of European leaders in Brussels failed to come out with anything new.
But even more worrying is the region's economic outlook, including the thus-far robust German economy. A preliminary survey of Euro-zone purchasing managers for May, comparable to the ISM survey in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: GameStop

Posted: 24 May 2012 07:03 AM PDT

GameStop Corporation (NYSE:GME), one of the leading retailers of software, hardware, and game accessories for video game systems and personal computers, announced its first-quarter 2012 financial results on May 16, 2012. The company posted poor quarterly results primarily due to the lack of significant game title launches and lower-than-expected hardware and software sales.
In the paragraphs that follow we will discuss the company's scorecard based on the recent earnings announcement, subsequent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Euro Slide Continues, Falls Below $1.26

Posted: 24 May 2012 07:00 AM PDT

05/24/12 The euro slide continued Thursday morning on a slide in German business data and continued worries over Europe’s debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bakken 2? Oil Prosperity Comes To South Kansas; Could Be Largest Economic Impact In State History

Posted: 24 May 2012 06:49 AM PDT

Anthony, KAN. (CNNMoney) — “It doesn’t feel like we’re in Kansas anymore. Oil rigs are springing up in farmers’ fields. “No vacancy” signs hang in the windows of local motels, and a steady stream of trucks barrel through Main Streets. Along the state’s southern border, the once-quiet farm towns are quickly transforming into oil boomtowns.

Hundreds of workers seeking high-paying jobs are flocking to places like Harper County, which had resorted to paying people to live there because of its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stock Market News Briefs: Bank Of Montreal, Guess?, PETsMART, Toll Brothers

Posted: 24 May 2012 06:43 AM PDT

    Bank of Montreal (NYSE:BMO) posted second quarter earnings per share of $1.42, surpassing the Zacks Consensus Estimate of $1.37

    Toll Brothers Inc (NYSE:TOL) reported second quarter earnings per share of $0.10, beating the Zacks Consensus Estimate of $0.04

    PetSmart, Inc. (NASDAQ:PETM) posted first quarter earnings per share of $0.85, breezing past the Zacks Consensus Estimate of $0.73 by 12 cents

    Guess?, Inc. (NYSE:GES) reported … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Toll Brothers Beats EPS Estimate

Posted: 24 May 2012 06:43 AM PDT

Toll Brothers, Inc (NYSE:TOL) reported earnings of 9 cents per diluted share in the second quarter of fiscal 2012, versus loss of 6 cents per diluted share in the second quarter of fiscal 2011. The year-over-year surge in earnings were driven by strong sales and cost saving strategies adopted by the company during the rough times.
The company's EPS surpassed the Zacks Consensus Estimate of 4 cents per diluted share in the second quarter fiscal 2012.
The company's EPS, inclusive of the tax … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Triumph Amends Credit Agreement

Posted: 24 May 2012 06:23 AM PDT

Triumph Group Inc. (TGI) announced amendment to its existing revolving credit agreement. The amendment increased the size of the revolving credit while extending the maturity period to five years with a modified fee structure.
The increase in size of the company's secured revolving credit facility from $850 million to $1 billion along with a $50 million accordion feature was quite significant. Moreover, the maturity term for the facility was extended through May 23, 2017.
Triumph's Chairman … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

SunTech Posts Wider Loss In Q1

Posted: 24 May 2012 06:23 AM PDT

Suntech Power Holdings Company Ltd (NYSE:STP) posted first quarter 2012 adjusted loss of 74 cents per American Depository Share (EPADS), far wider than the Zacks Consensus Estimate of a loss of 48 cents. The results were a stark contrast to the year-ago adjusted earnings of 17 cents per share.
Operational Results
Suntech registered total net revenues of $409.5 million, a decrease of 34.9% from $629.0 million in the fourth quarter of 2011 and a decrease of 53.3% from $877.0 million in the first … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Costco Beats By A Penny

Posted: 24 May 2012 06:08 AM PDT

Costco Wholesale Corporation (NASDAQ:COST) recently posted better-than-expected third-quarter 2012 results. The quarterly earnings of 88 cents a share beat the Zacks Consensus Estimate by a penny, and surged 20.5% from 73 cents earned in the prior-year period.
The increase in the bottom-line was buoyed by a high-single digit growth in the top-line due to improved sales of discretionary items, as consumers seeking discounts started flocking to warehouse clubs.
Let's Dig Deep
The warehouse … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NetApp Tops, Stock Falls On Outlook

Posted: 24 May 2012 05:48 AM PDT

NetApp Inc. (NASDAQ:NTAP) reported fourth quarter fiscal 2012 adjusted earnings per share (EPS) of 55 cents, surpassing the Zacks Consensus Estimate of 49 cents. Adjusted EPS excludes amortization of intangible assets, acquisition-related expenses, non-cash interest expense as well as investments and tax gains, but includes stock-based compensation expenses. The quarter's beat was aided by better-than-expected revenue growth and favorable tax rate.
However, after the closing bell, NetApp’s share … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cracker Barrel Tops, Ups EPS Outlook

Posted: 24 May 2012 05:32 AM PDT

Cracker Barrel Old Country Store Inc. (NASDAQ:CBRL) reported third-quarter 2012 adjusted earnings of 86 cents per share, comfortably beating the Zacks Consensus Estimate of 74 cents as well as the prior-year earnings of 58 cents per share. Quarterly earnings exclude severance and other charges related to operational restructuring.The better-than-expected results were driven by top-line and comps growth.
On a GAAP basis, the company reported earnings of 81 cents per share compared with the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Rise Despite Dismal Chinese, Eurozone PMIs – Why?

Posted: 24 May 2012 04:00 AM PDT

Talking Points

Crude Oil, Copper Follow Shares Higher as Risk Appetite Corrects
Gold and Silver Find Support on Waning Haven Demand for US Dollar

Risk appetite trends appear to be shrugging off softer Chinese and Eurozone PMI figures, with European shares on the upswing and growth-geared crude oil and copper prices following suit. Meanwhile, waning haven demand is pressuring the US Dollar, allowing an upside correction for anti-fiat gold and silver prices. S&P 500 stock index futures have … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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