DailyMarkets.com - Starwood Sets Up In Dubai

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• Starwood Sets Up In Dubai
• NiSource Increases Dividend
• NICE Rec For Allergan’s Botox
• Cautious LUV: Southwest Delays Deliveries
• Anadarko Expands African Footprint
• Earnings Preview: Marvell Tech
• Rio Tinto Maintains Neutral Rec
• Schlumberger Poised At Neutral
• Krispy Kreme To Serve India
• US Jobless Claims, Greece Woes On Radar
• GM To Launch Chevrolet Trax
• Delphi Merges With Tokio Marine
• Hot Option Plays: Watch The Claims Data Tomorrow
• Safeway Boosts Dividend
• Wells Fargo Seeks $203M Overturn
• Tetra Tech Receives EMAC Award
• S&P Maintains Health Net Ratings
• Kennedy Wilson Acquires Asset
• Earnings Scorecard: JDS Uniphase
• Varian Medical Remains Neutral
• Fitch Raises Hartford’s Ratings
• Jones Lang Extends P&G Alliance
• Stocks To Watch For Thursday, May 17
• Europe Car Sales Dip On Weak Economy
• Chesapeake Raises Debt, Rating Is Cut
• Earnings Preview: Applied Materials
• Calgon Carbon Seeking CEO
• Skechers To Pay $45 Million To Settle Deceptive Ad Claims
• Qualcomm To Divest Indian Venture
• Ryder Looking Forward To Green Expo
• The 100-Percenters
• Cost Initiatives Bearing Fruit
• Duke Realty Leases To Novella
• Disappointing Data On Pfizer Drug
• Stocks Remain Lower On Fed And Greece
• Earnings Preview: Walmart
• Goldman Completes Dwight Acquisition
• Citi & AA Launch New Travel Cards
• Court Backs Ruling On Vulcan Takeover
• ACE Safeguards Against Fraud
• Quote Of The Day: Give Me Greed And Profits
• Snoop Snoop: Gimme Your FB Password!
• BSX Unveils Positive Data At EuroPCR
• The College Degree Gap For Blacks Is Huge: 2:1
• Neutral On Sigma-Aldrich
• Covidien Completes Acquisition
• Limited Mobility For Lockheed F-22
• Verizon Expands LTE Reach
• Chart Of The Day: April U.S. Motor Vehicle Assemblies Return To 2007 Pre-Recession Levels
• Can A Management Shake-up Cure AstraZeneca?
• China Auto Sales Pick Up
• Equinix To Serve IRESS
• Staples Reports Soft 1Q
• Chico’s Beats, Ups ’12 Sales Guidance
• Manufacturing Facility Cleared At BMY
• Hot Option Plays: Not Fighting The Tide
• Schoenberger: “Time Bombs In Europe To Continue”
• BP To Explore Caribbean Deepwater
• The Dog That Didn’t Bark: Obama On JPMorgan
• CE Mark For St. Jude’s EnligHTN
• Suntech And Krannich In Solar Ties
• Citi Trends Beats, Profit Dips
• Viacom Remains Neutral
• Oil Falls Again, Trades Below $92
• Aussie And Euro Hit Fresh Lows But Rebound Ahead Of Fed Minutes
• Growing Fear Of Financial System Could Start Flight Out Of U.S. Bonds Into Gold And Silver
• The Trend Trader For Forex Trading On Thursday, May 17, 2012
• The Trend Trader For Stock Trading On Thursday, May 17, 2012
• The Trend Trader For ETF Trading On Thursday, May 17, 2012
• The Trend Trader For Futures Trading On Thursday, May 17, 2012

Starwood Sets Up In Dubai Posted: 16 May 2012 05:53 PM PDT Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) has taken a solid step to strengthen its Middle East operations. The company has decided to shift its management team, including president & CEO Frits van Paasschen, to Dubai for a month in 2013. The step echoes Starwood's intent to make Middle East one of its prime international markets. Before this, Starwood shifted its headquarters for a month to Shanghai, China in June 2011 to beef up its portfolio in that country. The group will … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NiSource Increases Dividend Posted: 16 May 2012 05:53 PM PDT Diversified utility NiSource Inc. (NYSE:NI) announced that its board of directors has approved an increase in the quarterly dividend rate by a penny. The revised quarterly dividend will be 24 cents payable on August 20, 2012, to shareholders of record at the close of business on July 31, 2012. The new annualized dividend rate of the company will be 96 cents reflecting growth of 4.3% from the prior annual dividend rate of 92 cents. The increase in the distributable income speaks of the company's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

NICE Rec For Allergan’s Botox Posted: 16 May 2012 05:53 PM PDT Allergan (NYSE:AGN) recently announced that Botox (botulinum toxin type A) has been recommended by the National Institute for Health and Clinical Excellence (NICE) in the final draft guidance. NICE is recommending the use of the product for the prophylaxis treatment of headache in adults with chronic migraine, who have not responded to at least three prior preventative treatments and whose condition is appropriately managed for medication overuse in England and Wales.  A final guidance by … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cautious LUV: Southwest Delays Deliveries Posted: 16 May 2012 03:58 PM PDT 05/16/12 Southwest Airlines Co. will delay jet deliveries of 30 Boeing 737s, in a a cost-cutting measure. The discount carrier doubled its share buyback program and raised its quarterly … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Anadarko Expands African Footprint Posted: 16 May 2012 03:38 PM PDT Anadarko Petroleum Corporation (NYSE:APC) announced that it has made a natural gas discovery in Offshore Area 1 of Mozambique’s Rovuma Basin. The Golfinho discovery well encountered a total of more than 193 net feet (59 net meters) of natural gas play in two high-quality Oligocene fan systems. The new discovery is located 20 miles (32 kilometers) to the northwest of the Prosperidade complex. This new discovery followed the one made at the Prosperidade complex in Offshore Area 1 of Mozambique with … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Marvell Tech Posted: 16 May 2012 03:38 PM PDT Marvell Technology Group (NASDAQ:MRVL) is scheduled to announce its first quarter fiscal 2013 results on May 17, 2012 after the market closes, and we see no revision in analyst estimates at this point of time. Fourth Quarter Overview Marvell Technology delivered a mediocre fourth quarter 2012 with its bottom line beating the Zacks Consensus Estimate by 4 cents, but top line missing. The quarter's EPS was 55.3% below the year-ago level, mostly due to lower revenue and higher expenses. Revenue … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Rio Tinto Maintains Neutral Rec Posted: 16 May 2012 03:38 PM PDT We are maintaining a Neutral recommendation on Rio Tinto plc (NYSE:RIO) based on the company's continued focus on exploration, innovation and sustainable development. Rio Tinto's operational efficiency and growth prospects bode well to create value for shareholders. Over time, Rio's key growth strategy has been its industry-leading portfolio of growth projects and continued acquisitions. This has been supported by massive metals and mineral demand due to ongoing industrialization and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schlumberger Poised At Neutral Posted: 16 May 2012 03:38 PM PDT We maintain our Neutral recommendation on Schlumberger Limited (NYSE:SLB), a leading oilfield services company, providing technology, project management and information services to the global oil and gas industry. The company's first quarter results showed steady improvement from the prior-year quarter aided by strong performance in global exploration and deepwater activity as well as efficiency in operations. In the international arena, we expect activity levels to increase going forward. In … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Krispy Kreme To Serve India Posted: 16 May 2012 03:38 PM PDT Krispy Kreme Doughnut Inc. (NYSE:KKD) is close to entering India with the signing of a development deal with franchisee Bedrock Food Company Pvt. Ltd. As per the deal, Bedrock Food Company will unveil 35 locations in the country over the next five years. The outlets will be in six states in Northern India and will be located in cities like Delhi, Jaipur and Lucknow. Bedrock Food Company Pvt Ltd, a leading corporation specializing in restaurant operations, boasts of considerable local market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobless Claims, Greece Woes On Radar Posted: 16 May 2012 03:20 PM PDT 05/16/12 US initial jobless claims and the Philadelphia Fed Survey will be released on Thursday morning. Greece’s political future and Spain’s growth figures will be in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

GM To Launch Chevrolet Trax Posted: 16 May 2012 03:08 PM PDT General Motors Company (NYSE:GM) has announced that it will launch its new sports utility vehicle (SUV) Chevrolet Trax at the Paris Motor Show in September 2012. The five-seated Chevrolet Trax will provide flexibility and fuel economy to the customers with superior cargo space. The vehicle will be available in more than 140 markets, with Mexico and Canada the first to introduce it in the fourth quarter of 2012. There is, however, no immediate need to launch Chevrolet Trax in the U.S. and Canada … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Delphi Merges With Tokio Marine Posted: 16 May 2012 03:08 PM PDT U.S. insurer Delphi Financial Group Inc. announced the completion of its acquisition by Japan-based Tokio Marine Holdings Inc. (TKOMY) yesterday. The merger was completed for a cash consideration of approximately $2.7 billion. The acquisition price translates into a substantial premium of 42% over and above Delphi's book value of $1.9 billion as of March 31, 2012. Delphi shareholders have been awarded a special dividend of $1 per share. Delphi's stock traded on the New York Stock Exchange … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Watch The Claims Data Tomorrow Posted: 16 May 2012 02:48 PM PDT Cusick’s Corner 05-16-2012 Readers may not like where I have been going the last few Corners, but after a Greek run on the banks and mixed economic data, the major sectors, XLF, XRT, and XLY (offensive sectors) are at or close to challenging support. These levels that are being potentially challenged are game changer levels, especially in the Finance sector, where a break in the $14.50 could signal that the Bears have gained the momentum. If you narrow on the banking segment, the big boys like … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Safeway Boosts Dividend Posted: 16 May 2012 02:48 PM PDT Major grocery chain Safeway Inc. (NYSE:SWY) recently announced a 21% increase in its regular quarterly dividend to 17.5 cents per share from earlier quarterly rate of 14.5 cents. The dividend will be payable on July 12 to shareholders of record as of June 21, 2012.  Safeway has an effective capital deployment policy in place and strives to benefit shareholders through dividend payments and share repurchases. During the first quarter, the company repurchased 46 million shares for $1 billion. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Wells Fargo Seeks $203M Overturn Posted: 16 May 2012 02:48 PM PDT Wells Fargo & Co. (NYSE:WFC) is seeking to reverse a judgment that directed it to pay $203 million in damages to customers in California over some of its debit card practices that were maneuvered to push up its overdraft fees, according to a Bloomberg report. Wells Fargo contends that it cannot be sued under the California law for any of its practices related to debit-card transactions. In fact, its practices come under the purview of federal laws, which permit its own procedures for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Tetra Tech Receives EMAC Award Posted: 16 May 2012 02:47 PM PDT Tetra Tech Inc.'s (NASDAQ:TTEK) subsidiary received a Environmental Multiple Award Contract (EMAC) to provide environmental remediation services at U.S. Navy, Marine Corps, and other Department of Defense locations, mainly in California and the southwestern United States. This is a $200 million contract awarded to four firms, Tetra Tech being one of them. The contract is an add-on to the company's backlog. The Naval Facilities Engineering Command (NAVFAC) of Southwest and Atlantic areas are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

S&P Maintains Health Net Ratings Posted: 16 May 2012 02:47 PM PDT Standard & Poor's Ratings Services ("S&P") reaffirmed the long-term counterpart credit rating (CCR) of Health Net Inc. (NYSE:HNT) at "BB," with a stable outlook. The rating agency also affirmed the long-term CCR as well as the financial strength rating (FSR) of "BBB-" for the company's subsidiaries – Health Net of California Inc. and Health Net Life Insurance Co. Additionally, S&P raised the long-term CCR and FSR of two other Health Net subsidiaries – Health Net of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kennedy Wilson Acquires Asset Posted: 16 May 2012 02:47 PM PDT Kennedy Wilson (KW), a real estate investment trust (REIT), recently announced the acquisition of an apartment community named Capital Towers in Sacramento, California. Kennedy Wilson and its partners purchased the 409-unit property for $64 million with $50 million in financing at a 3.51% fixed rate for a term of seven years. Capitol Tower covers a four-block area with one 15-story tower with 203 units and 206 separate villa units around the tower. There is further scope for expansion as the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Scorecard: JDS Uniphase Posted: 16 May 2012 02:33 PM PDT Following the third quarter earnings announcement on May 3, none of the analysts covering JDS Uniphase Corp. (NASDAQ:JDSU) have revised their estimates. The brokers have retained their estimates based on the belief that the volatile macroeconomic conditions, delays in carrier spending and other negative news has already been reflected in the current valuation. First Quarter Highlights On a GAAP basis, quarterly net loss was $17.4 million or 8 cents per share, compared with a net income of $38.6 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Varian Medical Remains Neutral Posted: 16 May 2012 02:32 PM PDT We reiterate our Neutral rating on Varian Medical Systems (NYSE:VAR). Its second-quarter fiscal 2012 earnings per share of 96 cents matched the Zacks Consensus Estimate. Revenues for the second quarter moved up roughly 11% year over year to $720 million and beat the Zacks Consensus Estimate of $700 million. Varian is a leading manufacturer of radiotherapy systems for treating cancer and a supplier of X-ray tubes to Original Equipment Manufacturers ("OEMs") for diagnostic imaging. It also has … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fitch Raises Hartford’s Ratings Posted: 16 May 2012 02:32 PM PDT On Tuesday, Fitch raised the long-term issuer default rating (IDR) of Hartford Financial Services Group Inc. (NYSE:HIG) to "BBB+" from "BBB." The rating agency also raised the debt ratings on all outstanding senior notes of the company to "BBB" from "BBB-" and junior subordinated debentures and series F mandatory convertible preferred stock to "BB+" from "BB." Additionally, Fitch reaffirmed the short-term IDR of Hartford at "F2" and insurer financial strength rating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Jones Lang Extends P&G Alliance Posted: 16 May 2012 02:32 PM PDT Jones Lang LaSalle Incorporated (NYSE:JLL), a leading real estate investment trust (REIT), has recently extended its global strategic alliance with Procter & Gamble Co. (NYSE:PG), one of the largest consumer goods companies in the world, by forging a new five-year agreement as its global commercial facilities service partner. With the deal, Jones Lang has further cemented its strategic ties and reinforced the business relationship with Procter & Gamble that had originated in 2003, when the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks To Watch For Thursday, May 17 Posted: 16 May 2012 02:22 PM PDT     ( click to enlarge ) Google Inc (NASDAQ:GOOG) – Cleared all sorts of resistance today. From here we can expect a run to the $640 area and from there we could see an explosive upsurge to $658 and better. Look to buy the stock on dips with a stop around 600. I’ll be watching her carefully for any possible opportunities.    ( click to enlarge ) XenoPort, Inc. (NASDAQ:XNPT) continues to show strength. The continued strong volume on upside moves indicates more than just … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Europe Car Sales Dip On Weak Economy Posted: 16 May 2012 02:13 PM PDT The European Automobile Manufacturers' Association or ACEA reported a 6.5% fall in car sales to 1.06 million units in April as consumers stayed away from showrooms in a weak economy triggered by the sovereign-debt crisis in the Euro-zone. Most of the major markets recorded a double-digit fall in new car registrations in the continent during the month, except Germany and U.K. Sales in Italy dipped 18% to 129,663 vehicles, Spain plunged 22% to 56,250 units and France slid 1.9% to 166,552 units. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chesapeake Raises Debt, Rating Is Cut Posted: 16 May 2012 02:13 PM PDT Chesapeake Energy Corporation (NYSE:CHK) increased the size of the unsecured term loan from Goldman Sachs Bank USA and affiliates of Jefferies Group, Inc to $4 billion from $3 billion, for paying down its revolving credit line. Chesapeake − the second largest U.S. gas producer after ExxonMobil Corporation (NYSE:XOM) − faces a funding gap of $9 billion to $10 billion as natural gas prices hit a 10-year low early this year. The new loan comes at an initial interest rate of 8.5%, which could … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Applied Materials Posted: 16 May 2012 02:13 PM PDT Applied Materials, Inc. (NASDAQ:AMAT) is scheduled to announce its fiscal second-quarter 2012 results on May 17, 2012. We witness only one downward movement in analyst estimates in the build-up to the release. Prior-Quarter Synopsis Applied'sfirst quarter 2012 pro forma earnings were above the Zacks Consensus Estimate due to higher revenue and lower-than-expected opex. Revenue growth was weak in the Applied Global Services (AGS) segment, while all other business segments did better than expected. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Calgon Carbon Seeking CEO Posted: 16 May 2012 02:13 PM PDT John S. Stanik, the chairman, president and chief executive officer of Calgon Carbon Corporation (NYSE:CCC) has decided to hang up his boots after 21 years of service. Mr. Stanik cited personal reasons for his retirement but he will remain in his current positions until his successor takes over. Calgon Carbon's Board plans to appoint a new CEO by the end of the third quarter this year. The next person to head the company will have a challenging task of keeping costs under control, a problem … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Skechers To Pay $45 Million To Settle Deceptive Ad Claims Posted: 16 May 2012 09:00 AM PDT 05/16/12 Skechers USA Inc will pay $40 million in refunds to customers in order to settle charges by the Federal Trade Commission that stated the company made unfounded claims about its Shape-ups … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Qualcomm To Divest Indian Venture Posted: 16 May 2012 01:52 PM PDT Recently, Reuters reported that Qualcomm Inc. (NASDAQ:QCOM), the leading chipset maker for mobile handsets worldwide, intends to dispose its remaining 74% stake in Broadband Wireless Access (BWA) spectrum in India to the local operator Bharti Airtel. However, it is still unknown when the deal will be completed and what will be its financial terms. In 2010, the Government of India concluded a spectrum auction for both 3G networks and broadband wireless access, where Qualcomm paid $1.045 billion to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Ryder Looking Forward To Green Expo Posted: 16 May 2012 01:52 PM PDT Ryder System Inc. (NYSE:R), the world’s largest provider of integrated logistics and transportation solutions has announced that it will be represented by Vice President of Supply Management, Scott Perry in a panel at Alternative Clean Transportation (ACT) Expo. The panel meet is considered the largest alternative fuels and clean vehicle technologies conference in North America and will be held on May 17, in California. Over the summit, the company will showcase its initiatives toward the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The 100-Percenters Posted: 16 May 2012 01:41 PM PDT Looks like the one percent is joining the 99 percent…and shunning stocks: “For the Rich, Diamonds are the New Stocks” (CNBC) New studies show that the wealthy are pulling back from stocks and stashing more of their money into real estate, art and even diamonds. A recent survey from Harrison Group and American Express Publishing found that the wealthy have cut back their allocations to stocks dramatically since the economic crisis. In 2007, the top one-percenters (by income) invested 76 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Cost Initiatives Bearing Fruit Posted: 16 May 2012 01:33 PM PDT Cost Initiatives Bearing Fruit Brian Marckx, CFA Q1 RESULTS / FDA GREEN LIGHT’S SUPPLEMENTAL TRIAL On May 14, 2012 SANUWAVE Health (SNWV) announced financial results for the first quarter ending March 31, 2011.  Results, including an anticipated meaningful decrease in expenses as a result of cost-reduction efforts, were very much inline with our estimates.  Just days prior to the earnings release SANUWAVE announced that the FDA gave the green light to the company’s IDE Supplement … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Duke Realty Leases To Novella Posted: 16 May 2012 01:33 PM PDT Duke Realty Corp. (NYSE:DRE), a real estate investment trust (REIT), recently signed an agreement with Novella Clinical to lease a property in North Carolina, located at 1700 Perimeter Park Drive in Morrisville. The financial terms of the agreement were not divulged. Novella Clinical Inc. is a full service clinical research organization (CRO) having dual headquarters in Research Triangle Park, N.C. and Stevenage, England. The company primarily caters to the oncology, medical device and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Disappointing Data On Pfizer Drug Posted: 16 May 2012 01:33 PM PDT Pfizer, Inc. (NYSE:PFE) recently reported disappointing results from a phase III study of its oncology drug, Torisel. The company is looking to expand Torisel's label for use in advanced renal cell carcinoma (RCC) patients whose disease has progressed while on or after being treated with Sutent. Results from the phase III INTORSECT (B1771003) study showed that Torisel failed to achieve the primary endpoint of progression-free survival (PFS) compared to Bayer/Onyx Pharma's (NASDAQ:ONXX) Nexavar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Remain Lower On Fed And Greece Posted: 16 May 2012 08:30 AM PDT 05/16/12 Stocks were again in the red during a volatile trading session Wednesday as investors digested the Fed’s latest meeting … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Earnings Preview: Walmart Posted: 16 May 2012 01:14 PM PDT Retail giant Wal-Mart Stores Inc. (NYSE:WMT) is set to unveil its first quarter 2013 results on May 17, 2012, before the market opens. The Zacks Consensus Estimate for the first quarter is $1.04 per share (year-over-year increase of 6%), which is within the company's guidance range of $1.01 – $1.06 per share. The Zacks Consensus Revenue Estimate for the first quarter is $110,647 million (year-over-year increase of 7%). Fourth Quarter Overview Walmart reported fourth-quarter 2012 results of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Goldman Completes Dwight Acquisition Posted: 16 May 2012 01:14 PM PDT On Tuesday, Goldman Sachs Asset Management (GSAM), a wing of The Goldman Sachs Group Inc. (NYSE:GS), completed the acquisition of Vermont-based Dwight Asset Management Company from Old Mutual Asset Management (OMAM). OMAM is a part of London-based savings group, Old Mutual. Dwight, a stable value investment firm will now operate as a wholly owned subsidiary of GSAM and will be renamed as Dwight Asset Management, a Goldman Sachs Company. The new entity will continue to be headquartered in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi & AA Launch New Travel Cards Posted: 16 May 2012 01:14 PM PDT Once again, Citigroup, Inc. (NYSE:C) and American Airlines (also known as AA), a subsidiary of AMR Corporation (AAMRQ) tied up to launch a new travel benefit card – theCitiBusiness/ AAdvantage World MasterCard. The card would help small business owners save money and get maximum benefits from travel spending. Card Benefits The new travel card provides a lot of benefits to the cardholders. Firstly, the holders will get credited with two miles on every $1 purchase in American Airlines under the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Court Backs Ruling On Vulcan Takeover Posted: 16 May 2012 12:53 PM PDT Vulcan Materials Corp. (NYSE:VMC) recently announced that a court has denied rival Martin Marietta Materials, Inc. (NYSE:MLM) motion to seek a stay of a recent ruling. This restricts Martin Marietta by at least four months to take over Vulcan. Last week the Delaware Court of Chancery had passed a ruling barring MartinMarietta to proceed with its attempt to take over Vulcan by at least four months. Martin Marietta intended to appeal the ruling and seek a stay of the court's decision. However, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ACE Safeguards Against Fraud Posted: 16 May 2012 12:53 PM PDT In an effort to safeguard its customers against identity fraud, ACE Private Risk Services, a subsidiary of ACE Limited (NYSE:ACE) collaborated with ID Resolution, LLC to provide free-of-cost personal identity protection services to its customers. The newly launched service will complement its personal insurance program, the identity fraud expense coverage, that is a part of the ACE Platinum Portfolio. As per the deal with ID Resolution, the customers of ACE will have access to many additional … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Quote Of The Day: Give Me Greed And Profits Posted: 16 May 2012 12:53 PM PDT From a 2004 column by economist Walter E. Williams: “People in the education and political establishments pretend they’re not motivated by such “callous” motives as greed and profits. These people “care” about us, but from which areas of our lives do we derive the greatest pleasures and have the fewest complaints, and from which areas do we have the greatest headaches and complaints? We tend to have a high satisfaction level with goods and services like computers, cell phones, movies, clothing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Snoop Snoop: Gimme Your FB Password! Posted: 16 May 2012 12:45 PM PDT 05/16/12 Ahead of Facebook’s IPO, there has been controversy over employees requesting logins for social networking sites from current and prospective employees. There are good reasons to ‘like’ the Password Protection Act of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BSX Unveils Positive Data At EuroPCR Posted: 16 May 2012 12:33 PM PDT Boston Scientific Corporation (NYSE:BSX) announced positive results from the Reprise I feasibility trial at the Euro PCR in Paris. The study evaluated the safety of the Lotus valve system, a transcatheter aortic valve replacement ('TAVR') device, in patients with severe aortic valve disease. In April 2012, enrollment (of 11 patients at 3 sites in Australia) was completed in the Reprise I clinical trial. Successful implantation of the device without in-hospital major adverse cardiovascular or … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The College Degree Gap For Blacks Is Huge: 2:1 Posted: 16 May 2012 12:18 PM PDT In 2009, there were more than two college degrees awarded to black women for one every degree earned by a black man. The table above is based on data from the Department of Education on college degrees by sex and race/ethnicity, and compares black college graduates by gender for the Classes of 1977 and 2009 (most recent year available). The chart displays the number of degrees earned by black females for every 100 degrees earned by black males. There is huge gender “degree gap” for the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Neutral On Sigma-Aldrich Posted: 16 May 2012 12:13 PM PDT We are retaining our Neutral recommendation on global lab chemical and life sciences company Sigma-Aldrich Corporation (NASDAQ:SIAL). Its first-quarter 2012 earnings of 99 cents a share matched the Zacks Consensus Estimate. The company posted record sales (up 5% year-over-year to $665 million) in the quarter, which beat the Zacks Consensus Estimate. Sigma-Aldrich witnessed growth across its Research Chemicals and Fine Chemicals (SAFC) divisions in the first quarter. Research Chemicals revenues rose … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Covidien Completes Acquisition Posted: 16 May 2012 11:53 AM PDT Covidien (NYSE:COV) recently revealed that it completed the earlier announced takeover of superDimension for a sum of about $300 million, plus the possibility of earn-out payments in future. According to Covidien, it has acquired the entire equity of superDimension based in Israel. The company will report the performance of superDimension in the Endomechanical offering of its Medical Devices segment.  superDimension had annual revenues of about $30 million. Its know-how provides less invasive … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Limited Mobility For Lockheed F-22 Posted: 16 May 2012 11:53 AM PDT Lockheed Martin Corporation's (NYSE:LMT) F-22 fighter jet flying limit between landing zones was limited by a recent order to the U.S. Air Force by Defense Secretary Leon Panetta. The curb on flying limit came on the heels of undiagnosed safety problem for the fighter jet. The limit on flight distances means the routine mission of patrolling U.S. airspace in Alaska will be done by other aircraft. The new restriction however does not affect the war effort in Afghanistan because no F-22s are … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Verizon Expands LTE Reach Posted: 16 May 2012 11:32 AM PDT The wireless leader Verizon Communications Inc. (NYSE:VZ) is expanding its 4G Long Term Evolution (LTE) networks to more cities.The LTE offers mobile broadband download speeds of 5–12 Mbps and upload speeds of 2–5 Mbps. Verizon Wireless, a joint venture between Verizon and Vodafone Group PLC (NYSE:VOD), will add 28 new cities to its nationwide LTE network and expand its coverage to the existing 11 markets this week. With this expansion, the company's coverage will increase to 258 markets, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: April U.S. Motor Vehicle Assemblies Return To 2007 Pre-Recession Levels Posted: 16 May 2012 11:29 AM PDT The chart above shows Total U.S. Motor Vehicle Assemblies on a monthly basis back to 1986, data are from the Federal Reserve and were updated today through April as part of the report on U.S. Industrial Production.  At 10.668 million units, vehicle assemblies are now back above pre-recession levels, and were the highest in April since August of 2007, almost five years ago.  If the current pace of monthly increases continues, motor vehicle assemblies will be back to the 12 million … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Can A Management Shake-up Cure AstraZeneca? Posted: 16 May 2012 11:23 AM PDT Shareholder revolts have claimed the jobs of a handful of Britain's most high profile bosses in the last couple of months, among them David Brennan, the chief executive of drugs giant AstraZeneca (LON:AZN).  After six years in the role, Brennan is leaving under a cloud of concern about the drug giant's ability to replenish its product pipeline at a quicker rate than the speed at which blockbuster drugs are dropping off-patent. Three weeks ago, when the group announced its first quarter … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

China Auto Sales Pick Up Posted: 16 May 2012 11:13 AM PDT China's auto sector was rejuvenated in April by posting 5% growth in sales to 1.62 million vehicles after recording a slack first quarter of the year. However, sales in the first four months of the year slid 1.3% to 6.4 million vehicles, owing to tighter credit policies and slower economic growth. In January-March, auto sales fell 3.4% compared with an attractive 32% growth in 2010 due to stricter government regulations on new car registrations in order to control the traffic congestions and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Equinix To Serve IRESS Posted: 16 May 2012 11:13 AM PDT Equinix Inc (NASDAQ:EQIX) recently announced that Australia-based financial service technology provider IRESS will use its data center platform to make market data, access, trading and wealth solutions services available across the Asia Pacific region and beyond. The company has reached an important milestone after setting its strategy correct for data centers expension in Asia and Europe, which has the company's global business expansion and also helps IRESS to seize the opportunity in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Staples Reports Soft 1Q Posted: 16 May 2012 10:58 AM PDT Staples Inc. (NASDAQ:SPLS) the global leader in the supply of office products, recently posted first-quarter 2012 results. The quarterly earnings of 30 cents a share came in line with the Zacks Consensus Estimate and increased 7.1% from 28 cents earned in the prior-year quarter. Including one-time items, earnings decreased 3.6% year over year to 27 cents. Staples reported total sales of $6,104.8 million, down 1.1% year over year and below the Zacks Consensus Estimate of $6,187 million. Gross profit … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chico’s Beats, Ups ’12 Sales Guidance Posted: 16 May 2012 10:58 AM PDT Chico’s FAS Inc. (NYSE:CHS) reported robust first-quarter 2012 earnings per share of 32 cents, surpassing the Zacks Consensus Estimate by 2 cents. Moreover, quarterly earnings surged 23% from the prior-year quarter’s earnings of 26 cents per share. Sales Net sales in the first quarter were $650.8 million, up 21.2% year over year from $537.2 million in the prior-year quarter. The increase in its top line reflected a comparable sales increase of 9.6%, square footage growth of 8% and $33.7 million in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Manufacturing Facility Cleared At BMY Posted: 16 May 2012 10:58 AM PDT Bristol-Myers Squibb Company (NYSE:BMY) received some encouraging news when the U.S. Food and Drug Administration (FDA) cleared a biologics manufacturing facility of the company for producing its rheumatoid arthritis (RA) drug, Orencia. The unit, located in Devens, Massachusetts, is a state-of-the-art bulk biologics manufacturing facility. Approximately 300 people, in various capacities, are employed at the manufacturing unit. Management at Bristol-Myers stated that the increased manufacturing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: Not Fighting The Tide Posted: 16 May 2012 10:50 AM PDT Cusick’s Corner 05-16-2012 This trend down appears to still be in place and at this stage the risk aversion trade is on. The Bonds, TLT, have been very active, money has been flowing into US debt instruments. This is impacting the commodity markets heavily, especially Grains, DBC, and Metals, XME; any additional negative news out of the EU will only catalyze the safe haven trade. See you After Hours. Stock market averages are holding modest gains on a relatively quiet morning of trading on Wall … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Schoenberger: “Time Bombs In Europe To Continue” Posted: 16 May 2012 10:45 AM PDT 05/16/12 BlackBay Group’s Todd Schoenberger talks about the latest fundamentals affecting global markets, and expectations for Facebook’s IPO. Technical levels for the S&P 500 are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BP To Explore Caribbean Deepwater Posted: 16 May 2012 10:38 AM PDT British energy major BP Plc (NYSE:BP)'s unit BP Trinidad and Tobago ("BPTT") plans the appraisal of the deepwater exploration blocks offshore Trinidad, following two production sharing agreements with the Caribbean state government. BP intends to explore blocks – 23(a) and TTDAA 14 – awarded to the company in the 2010/2011 deepwater competitive bid round in July 2011. The company holds 100% working interest in both the blocks. Located about 186 miles northeast of BPTT's Galeota Point … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Dog That Didn’t Bark: Obama On JPMorgan Posted: 16 May 2012 10:32 AM PDT The dog that didn't bark this week, let alone bite, was the President's response to JP … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CE Mark For St. Jude’s EnligHTN Posted: 16 May 2012 10:23 AM PDT St. Jude Medical Inc. (NYSE:STJ) has received CE Mark approval for its EnligHTN renal denervation system for treating patients ailing from hypertension. The company launched the product during the EuroPCR 2012. The unique multi-electrode system is a specialized ablation procedure used to control systolic blood pressure in patients not responding to conventional medical treatments. The radiofrequency energy from the ablation catheter forms tiny abrasions on the renal sympathetic nerves, which in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Suntech And Krannich In Solar Ties Posted: 16 May 2012 10:23 AM PDT Suntech Power Holdings Co. Ltd. (NYSE:STP) has entered into an agreement with Krannich Solar under which the former will supply 120 megawatts of solar panels in 2012. Krannich Solar is one of the top-five photovoltaic systems providers in Europe. It is a leading value added distributor of complete systems, components and pre-packaged systems. The two companies have been in partnership since 2007. Per the agreement, the companies will continue to work together to provide high quality solar … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Citi Trends Beats, Profit Dips Posted: 16 May 2012 10:08 AM PDT Citi Trends Inc. (NASDAQ:CTRN), a value-priced retailer of urban fashion apparel and accessories, posted better-than-expected first-quarter 2012 results. Quarterly earnings of 69 cents per share comprehensively beat the Zacks Consensus Estimate of 47 cents per share. However, quarterly earnings declined 16.9% year over year from 83 cents, primarily due to a significant fall in comparable-store sales coupled with rising operating expenses. Turning to Numbers During the quarter, Citi Trends recorded a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Viacom Remains Neutral Posted: 16 May 2012 10:08 AM PDT Buoyed by higher revenues, increased margins and continuous share repurchases, Viacom Inc. (VIAB) easily outpaced the Zacks Consensus Estimates in the second quarter of fiscal 2012. Revenue from the company's cable network fees and digital licensing of TV programs and movies increased significantly. An improving U.S. economy together with Viacom's disciplined management team continue to make us optimistic about the company's future growth prospects. However, advertising revenue remains … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Falls Again, Trades Below $92 Posted: 16 May 2012 10:00 AM PDT 05/16/12 Front month crude prices continued to slide this afternoon as supplies unexpectedly rose while storage levels continue to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie And Euro Hit Fresh Lows But Rebound Ahead Of Fed Minutes Posted: 16 May 2012 09:37 AM PDT Fundamental Headlines - Greek President Told Banks Anxious as Deposits Pulled – Bloomberg - Merkel-Hollande Meeting Yields Greece Growth Signal – Bloomberg - BoE Cites Increased Risk of Disorderly Euro Outcome – DailyFX - Hedge or Bet? Parsing the JPMorgan Trade – WSJ - Mortgage Delinquencies Decline – WSJ European Session Summary After Greek leaders announced that they failed to form a government, guaranteeing at least one more round of elections, higher yielding currencies and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Growing Fear Of Financial System Could Start Flight Out Of U.S. Bonds Into Gold And Silver Posted: 16 May 2012 09:01 AM PDT   Around the year 1650 A.D. the word highwaymen entered our language.  It referred to robbery committed on a public road against travelers.  Now we use the phrase "highway robbery" for which we pay the tolls to travel on modern day roads.  The highwaymen alas are among us and we have elected them.  At such times it would not take much more in the destruction of mining equities to make investors feel as if they have been seduced by sweet talk and abandoned to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Forex Trading On Thursday, May 17, 2012 Posted: 16 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Forex For Trading On Thursday, May 17, 2012 THE BIG SIX Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AUDUSD – Aust Dollar / US Dollar 0.9912 − 0.23 0.9952 1.0085 Bearish EURUSD – Euro / US Dollar 1.2716 − 0.10 1.2780 1.2962 Bearish GBPUSD – British Pound / US Dollar 1.5909 − 0.51 1.6017 1.6108 Bearish USDCAD – US Dollar / Canadian Dollar 1.0121 + 0.49 1.0057 0.9994 Bullish USDCHF – US Dollar / … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Stock Trading On Thursday, May 17, 2012 Posted: 16 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for the Dow 30 Stocks For Trading On Thursday, May 17, 2012 In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AA – Alcoa Inc 8.49 − 2.53 8.80 9.15 Bearish AXP – American Express Company 57.39 − 0.95 58.26 59.74 Bearish BA – Boeing Co 72.35 − 0.32 72.90 74.30 Bearish BAC – Bank of America Corporation 7.11 − 2.60 7.33 7.65 Bearish CAT – Caterpillar Inc 91.86 − … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For ETF Trading On Thursday, May 17, 2012 Posted: 16 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for ETFs For Trading On Thursday, May 17, 2012 The top 40 ETFs by net assets In alphabetical order by symbol Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading AGG – iShares Lehman Aggregate Bd Fd 110.96 − 0.02 110.98 110.79 Neutral BND – Vanguard Total Bond Market ETF 84.07 − 0.06 84.08 83.94 Neutral DBC – DB Commodity Index Tracking Fd 26.35 − 0.11 26.41 26.85 Bearish DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Trend Trader For Futures Trading On Thursday, May 17, 2012 Posted: 16 May 2012 05:03 AM PDT By ForexMansion.com The Trend Trader for Futures For Trading On Thursday, May 17, 2012 INDICES Close % Change 3×1 7×5 Minor Trend Major Trend Trend Reading S&P 500 – Jun ESM2 1322.50 − 0.43 1333.56 1353.17 Bearish Dow Jones – Jun YMM2 12574 − 0.25 12649 12827 Bearish Nasdaq – Jun NQM2 2557.50 − 0.80 2584.47 2614.08 Bearish Russell – Jun TFM2 769.40 − 0.82 777.31 785.27 Bearish INTEREST RATES US T-Bond – Jun ZBM2 146-26 + … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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