DailyMarkets.com - Forex – EUR/USD Up In Asian Trade

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• Forex – EUR/USD Up In Asian Trade
• Markets In Everything: Weiner-Gate Strip Show
• Forex – USD/JPY Down During Asian Trade
• Nostradamus Does Not Work Here, But – UPDATE
• Pandora Marks Wall Street Debut
• Risk-Reward Balanced At Incyte
• Raytheon Adds Ktech Non-Kinetic
• HWAY’s Wisconsin Fitness Drive
• Forex – NZD/USD Down In Asian Trade
• The Day Ahead: US Jobless Claims, Housing Sales, Current Account, Philadelphia Fed Survey; Earnings – Kroger, Pier 1 Imports, RIM; SNB Rate Decision
• Hot Option Plays: Transcontinental Flight To Safety
• VIX, Fear And Maintaining Intelligent Protection
• Taubman Makes Secondary Offering
• Warning For Dr. Reddy’s Facility
• PKX Offers Korea 1st SNG Plant
• Altera Upgraded To Outperform
• ProAssurance Gets Endorsement
• CNI Building New Logistics Park
• AutoZone Ups Buyback To $10.4B
• Delta Tops Bag Fee Collection
• Merck Collaborates With Hanwha
• Closing Bell Market Monitor: BA, JPM, SMG, P
• Forex – EUR/USD Down At The End Of U.S. Session
• Will There Be Profits In Pandora’s Box?
• A.M. Best Avows WellPoint’s Might
• Forex – USD/JPY Up Toward The End Of U.S. Session
• Affymetrix Boosts GeneAtlas System
• Accenture To Support CF Industries
• DuPont Seed Biz’s Strong Growth
• Forex – EUR/USD Down Toward The End Of U.S. Session
• U.S. Markets Close Lower; Dow Jones Down 1.48%
• GD Acquiring Fortress Technologies
• Boston Scientific Beats J&J Case
• GM Pursues Kansas Investment
• Forex – GBP/USD Down During The U.S. Session
• Bill O’ Reilly, Please Meet John Maynard Keynes
• Alexion Cites Positive Soliris Data
• WFC-Wachovia Integration On Track
• 06/15 FX Options Report
• Forex – USD/CHF Up In U.S. Trading Hours
• DTE Energy In Bio Drive
• Chevron On Course With Wheatstone
• Forex – USD/CAD Up In U.S. Trade
• Changes At The Top For Polar
• Nicor, AGL Closer To Merger
• Scripps Networks Remains Neutral
• Silgan’s 3-Day Run Up For Graham Bid
• NVIDIA Completes Icera Buyout
• USD/CAD Resumes Correction Towards Parity After Shakeout
• Forex – EUR/USD Down In U.S. Trading Hours
• China Is World’s Largest Energy Consumer

Forex – EUR/USD Up In Asian Trade Posted: 15 Jun 2011 05:05 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Thursday. EUR/USD was trading at 1.4182, up 0.02% at time of writing. The pair was likely to find support at 1.4157, Wednesday’s low, and resistance at 1.4498, Tuesday’s high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8758 and EUR/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Markets In Everything: Weiner-Gate Strip Show Posted: 15 Jun 2011 04:39 PM PDT “Ginger Lee, the receiver of the infamous lewd photo from the "peter tweeter" Anthony Weiner, and her rumored sexual relationship which created "WEINER GATE," is making her first public show appearance at the famous Pink Pony strip club in Atlanta, Ga. this Wednesday & Thursday June 15th & 16th.” TMZ is reporting that Ginger Lee is getting 3 times her normal fee. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down During Asian Trade Posted: 15 Jun 2011 04:15 PM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday. USD/JPY was trading at 80.87, down 0.11% at time of writing. The pair was likely to find support at 79.97, Friday’s low, and resistance at 81.06, today’s high. Meanwhile, the U.S. Dollar was down against the Euro and up against the British Pound, with EUR/USD gaining 0.02% to hit 1.4182 and GBP/USD falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nostradamus Does Not Work Here, But – UPDATE Posted: 15 Jun 2011 04:03 PM PDT We have been bearish on the stocks and ‘risk on’ currencies since early June 2011. This means we had to bullish on the US Dollar. I mean who would of thought to make a positive return in June that the asset class to be in would be USD, well bluntly we did. Sure Hurst cycle theory gave us the reason to watch the USD but thats not a reason to be in it, after all we have a small account, we have to wait till the big boys start buying the USD (or short covering) thats Wyckoffian logic, now if the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pandora Marks Wall Street Debut Posted: 15 Jun 2011 03:57 PM PDT 06/15/11 Internet radio company Pandora soared past its IPO targets. Despite the initial rally, shares closed higher by just … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Risk-Reward Balanced At Incyte Posted: 15 Jun 2011 03:35 PM PDT We are maintaining our Neutral recommendation on Incyte Corporation (NASDAQ:INCY) with a target price of $18.00. Incyte is a Wilmington, Delaware-based drug discovery and development company with a focus on oral compounds to treat HIV, inflammation and cancer. The company’s lead compound is INCB18424, an oral janus-associated kinase (JAK) antagonist. Incyte is currently seeking US approval of INCB18424 for treating patients suffering from myelofibrosis (MF), a rare bone marrow disorder. Incyte … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Adds Ktech Non-Kinetic Posted: 15 Jun 2011 03:35 PM PDT Raytheon Company (NYSE:RTN) with a view to bolster its capabilities and opportunities in the non-kinetic effects products market has acquired related business assets of Ktech Corporation. Located in Albuquerque, New Mexico, Ktech will become part of Raytheon Company’s Missile Systems business. Ktech is a leader in pulsed power systems engineering. The company’s compact pulsed power systems, combined with its high efficiency magnetron technology, will enable easy integration of energy weapons on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

HWAY’s Wisconsin Fitness Drive Posted: 15 Jun 2011 03:35 PM PDT Healthways (NASDAQ:HWAY), the well-being enhancement company, recently announced a new agreement with WPS Health Insurance (a non-profit health insurer in Wisconsin), whereby over 38,000 Wisconsin residents will gain access to the well-known SilverSneakers Fitness Program. As of the beginning of June 2011, SilverSneakers became accessible to eligible enrollees of WPS Medicare Companion, a Medicare supplemental insurance program in the state.    The SilverSneakers program is America's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Down In Asian Trade Posted: 15 Jun 2011 03:35 PM PDT Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Wednesday. NZD/USD was trading at 0.8056, down 0.12% at time of writing. The pair was likely to find support at 0.8032, today’s low, and resistance at 0.8281, Friday’s high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.05% to hit 1.3116 and EUR/NZD rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

The Day Ahead: US Jobless Claims, Housing Sales, Current Account, Philadelphia Fed Survey; Earnings – Kroger, Pier 1 Imports, RIM; SNB Rate Decision Posted: 15 Jun 2011 10:20 AM PDT 06/15/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Hot Option Plays: Transcontinental Flight To Safety Posted: 15 Jun 2011 03:17 PM PDT Cusick’s Corner Well, we just took a ride on the transcontinental flight to safety and for some of us this has been neither a cheap nor enjoyable flight, especially with the Euro dumping over 2% against the Buck. There was a small lift after the lows on the close but we are at critical levels on all indices, at the longer term support of the 200-Day Moving Average. I have few words about today’s action other than it was on strong volume and the psyche of the Bull is in flux and skepticism … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

VIX, Fear And Maintaining Intelligent Protection Posted: 15 Jun 2011 03:17 PM PDT SmartStops comment:    Why wait for VIX to go above a 200 day moving average in order to keep yourself protected?    There is a better way with SmartStops. Are VIX ETFs Breaking Out?          originally published at ETFTrends   Some traders have been keeping a close eye on the CBOE Volatility Index as a possible "tell" that the rally in risk assets since March 2009 may be due for a breather. That's why … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Taubman Makes Secondary Offering Posted: 15 Jun 2011 03:05 PM PDT Taubman Centers Inc. (NYSE:TCO), a real estate investment trust (REIT), has recently announced a secondary offering of 1.75 million common shares to raise cash and repay debt. The company will also grant The Goldman Sachs Group, Inc. (NYSE:GS) – the sole underwriter for the offering, an option to purchase an additional 262,500 shares to cover any over-allotments. Taubman intends to utilize the proceeds from the equity offer to repay debt under its $615 million revolving credit facility. Earlier, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Warning For Dr. Reddy’s Facility Posted: 15 Jun 2011 03:05 PM PDT Dr. Reddy's Laboratories (NYSE:RDY) recently announced that the US Food and Drug Administration (FDA) issued a four item warning letter regarding the company's chemical manufacturing facility at Cuernavaca, Mexico, which produces Intermediates and Active Pharmaceutical Ingredients. In the four-item warning letter, the FDA has asked for additional data and corrective actions for certain listed items. In order to respond to the warning letter within the stipulated timeframe, Dr. Reddy's plans … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

PKX Offers Korea 1st SNG Plant Posted: 15 Jun 2011 03:05 PM PDT Korean steel producer POSCO (NYSE:PKX) is on its way to giving Korea its first synthetic natural gas (SNG) plant by the end of year 2013. The company commenced construction of the plant on June 7 at Gwangyang Steelworks. POSCO E&C will be responsible for the construction of the SNG plant with an annual production capacity of 500,000 tons. The plant, which is going to be a secured source of energy for the region, will be constructed using environment friendly technologies. Synthetic natural gas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Altera Upgraded To Outperform Posted: 15 Jun 2011 03:05 PM PDT We recently upgraded our recommendation on Altera Corp (NASDAQ:ALTR) to Outperform from Neutral. We view Altera as a play on the secular trend of programmable logic devices (PLDs) replacing application-specific integrated circuit (ASIC), which provides a strong opportunity for future growth. Altera continues to post solid growth and we believe this growth will be sustainable in the long run. The industry-leading 40-nanometer product execution and the company's ongoing efforts to improve operating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ProAssurance Gets Endorsement Posted: 15 Jun 2011 02:25 PM PDT Yesterday, ProAssurance Corp. (NYSE:PRA) stated that the financial strength ratings (FSR) of the company and its subsidiaries have been asserted by rating agency A.M. Best. Accordingly, the rating agency has affirmed the “A" (Excellent) rating, which was assigned to ProAssurance Group, ProAssurance Casualty, ProAssurance Indemnity, ProAssurance Specialty, American Physicians Insurance Company (APS) and the Podiatry Insurance Company of America. Additionally, the company's other subsidiaries, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

CNI Building New Logistics Park Posted: 15 Jun 2011 02:25 PM PDT The largest Canadian railroad, Canadian National Railway Company (NYSE:CNI) announced that it will begin construction of the first Calgary Logistics Park. The new park is meant to facilitate intermodal transportation to and from Calgary. The estimated cost of the project is C$200 million and time of completion is year-end 2012. The new facility, located in northeast of Calgary, Alberta will connect Stoney Trail Northwest Alberta highway and other major roadways such as Trans Canada Highway, which … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AutoZone Ups Buyback To $10.4B Posted: 15 Jun 2011 02:25 PM PDT AutoZone Inc. (NYSE:AZO) announced that its board of directors has authorized the repurchase of up to an additional $500 million of common stock under its existing share buyback program. Since the inception of the repurchase program in 1998, AutoZone has authorized $10.4 billion worth of common stock for repurchase, including the above amount. In the most recent quarter, the company has repurchased 1.3 million shares of its common stock for $339 million, at an average price of $267 per share under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Delta Tops Bag Fee Collection Posted: 15 Jun 2011 02:04 PM PDT Delta Air Lines Inc. (NYSE:DAL) was the highest collector of baggage fees for the second year in a row. According to the Bureau of Transportation, Delta collected about $952.3 million in baggage fees in 2010, almost double the $481.7 million collected in 2009 and five times the $177.1 million in 2008. American Airlines, a wholly owned subsidiary of AMR Corporation (NYSE:AMR), was the second highest collector with more than $580.7 million in baggage fees compared with $475.2 million in 2009. US … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Merck Collaborates With Hanwha Posted: 15 Jun 2011 02:04 PM PDT Merck & Co. (NYSE:MRK) recently entered into an exclusive global agreement with Hanwha Chemical Corporation for the development and commercialization of a biosimilar version of Enbrel (etanercept). Terms of the Deal Under the terms of the agreement, Merck and Hanwha will collaborate on the development and commercialization of HD203, which is a part of Hanwha's portfolio. Merck will be responsible for the development and manufacturing of the candidate. Moreover, Merck will commercialize HD203 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Closing Bell Market Monitor: BA, JPM, SMG, P Posted: 15 Jun 2011 02:00 PM PDT 06/15/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down At The End Of U.S. Session Posted: 15 Jun 2011 01:55 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production. EUR/USD was trading at 1.4179, down 1.82% at time of writing. The pair was likely to find support at 1.4157, today’s low, and resistance at 1.4551, Friday’s high. Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Will There Be Profits In Pandora’s Box? Posted: 15 Jun 2011 01:42 PM PDT Will There Be Profits in Pandora's Box? by Justin Dove, Investment U Research Wednesday, June 15, 2011 With more than 90 million registered users in the United States, chances are you or someone you know uses Pandora (P) as a music service or smartphone application. Pandora's opening on June 15 resembled a rollercoaster ride. The stock surged to nearly a 50 percent gain just after the markets opened… Then, when it looked like it might follow in LinkedIn's (LNKD) path, it leveled … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

A.M. Best Avows WellPoint’s Might Posted: 15 Jun 2011 01:40 PM PDT Ratings agency A.M. Best reiterated its credit and insurance strength ratings on Wellpoint Inc. (NYSE:WLP) and its operating divisions, on Tuesday, maintaining a stable outlook. Accordingly, the rating agency affirmed an issuer credit rating (ICR) and debt ratings of "bbb+" on WellPoint and Anthem Holding Corp. Additionally, A.M. Best asserted the "a-" rating on the surplus notes of Anthem Insurance Companies Inc. However, the rating agency has removed the FSR of "A-" (Excellent) and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 15 Jun 2011 01:40 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday after the release of U.S. data on Industrial Production. USD/JPY was trading at 80.96, up 0.59% at time of writing. The pair was likely to find support at 79.97, Friday’s low, and resistance at 81.06, today’s high. Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Affymetrix Boosts GeneAtlas System Posted: 15 Jun 2011 01:35 PM PDT Genetic products maker Affymetrix (NASDAQ:AFFX) has introduced a new gene expression microarray designed for use on its coveted GeneAtlas personal microarray system. The new Human Genome (HG)-U133+ PM Array Strip allows processing of four samples on a single array strip at a time using the GeneAtlas system, the industry's first personal microarray analysis solution.  Affymetrix's GeneAtlas platform consists of the GeneAtlas microarray system and gene expression array plates. The GeneAtlas … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Accenture To Support CF Industries Posted: 15 Jun 2011 01:35 PM PDT Accenture plc (NYSE:ACN) recently entered into an agreement with CF Industries Holdings, a leading manufacturer and distributor of fertilizers. Accenture will provide comprehensive information technology (IT) support to CF Industries. Financial terms of the deal were not disclosed. Under the terms of the agreement, Accenture will develop an IT platform for CF Industries. The advanced IT platform will ensure coordination between different facets of the company's business. Leveraging Accenture's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DuPont Seed Biz’s Strong Growth Posted: 15 Jun 2011 01:35 PM PDT EI DuPont de Nemours & Co.'s (NYSE:DD) announced that its seed business, Pioneer Hi-Bred, showed commendable early financial results through volume gains and price improvements for this season and is poised for strong growth in its global business in 2011. The president of DuPont’s Pioneer Hi-Bred seed business anticipates an increase in corn and soybean market share, coupled with mid single-digit price increases. Last December, the company projected its Agriculture & Nutrition segment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 15 Jun 2011 01:25 PM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production. EUR/USD was trading at 1.4179, down 1.82% at time of writing. The pair was likely to find support at 1.4157, today’s low, and resistance at 1.4551, Friday’s high. Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Markets Close Lower; Dow Jones Down 1.48% Posted: 15 Jun 2011 01:10 PM PDT Forex Pros – U.S. stocks were down after the closing bell on Wednesday. At the close of U.S. trade, the Dow Jones Industrial Average fell 1.48%, the S&P 500 index shed 1.74%, while the Nasdaq 100 index declined 1.84%. Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, from 0.0% in the preceding month. Analysts had expected U.S. industrial production to rise … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GD Acquiring Fortress Technologies Posted: 15 Jun 2011 01:05 PM PDT General Dynamics Corporation (NYSE:GD) has entered into a definitive agreement to acquire Fortress Technologies, Inc. following approval of the boards of directors of both the companies. The transaction is expected to be completed in the third quarter of 2011. Based in Westford, Massachusetts, Fortress Technologies, Inc. provides networking equipment and produces a portfolio of mesh networking products that enables secure wireless local area network capabilities for battlefield logistics, convoy, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Boston Scientific Beats J&J Case Posted: 15 Jun 2011 12:55 PM PDT Medical device major, Boston Scientific Corporation (NYSE:BSX) recently won a lawsuit for patent infringement, brought up by Johnson & Johnson (NYSE:JNJ). As part of a 2007 suit, Johnson & Johnson alleged that Boston Scientific’s Promus Everolimus-Eluting Coronary Stent System infringed its four patents which are also known as the Wright/Falotico patents. However, the U.S. Court of Appeals for the Federal Circuit upholds the decision of the U.S. District Court on finding all the four patents … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GM Pursues Kansas Investment Posted: 15 Jun 2011 12:55 PM PDT General Motors Co. (NYSE:GM) announced that it would invest $20 million in its Fairfax Assembly plant in Kansas City in order to manufacture machinery, equipment and special tooling. The investment at the plant will help GM manufacture a hybrid model with eAssist – a light electrification technology that will boost fuel economy needed on highway by 25%. The plant, opened in 1987, manufactures Buick LaCrosse and Chevrolet Malibu. In 2010, it produced 320,000 units of Malibus and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Down During The U.S. Session Posted: 15 Jun 2011 12:55 PM PDT Forex Pros – The British Pound was lower against the U.S. Dollar on Wednesday after the release of U.K. data on Claimant Count Change. GBP/USD was trading at 1.6178, down 1.18% at time of writing. The pair was likely to find support at 1.6169, today’s low, and resistance at 1.6442, Tuesday’s high. Earlier in the day, official data showed that the U.K. claimant count change rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Bill O’ Reilly, Please Meet John Maynard Keynes Posted: 15 Jun 2011 12:50 PM PDT I panned the liberal wing of our media the other day for wasting its time, effort, and money on pillaging through Sarah Palin's e-mail. Today I am happy to call out the other wing of our media for being truly pathetic. I would have hardly believed what I learned if somebody merely told me but upon viewing this I am left no other choice than to state that Fox News' Bill O' Reilly is a mental midget. I state this as one who is a registered Independent, typically leans right on the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Alexion Cites Positive Soliris Data Posted: 15 Jun 2011 12:35 PM PDT Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) recently presented final data from two 26-week studies evaluating its sole marketed drug, Soliris, for an additional indication. The studies evaluated Soliris for treating adults and adolescents suffering from atypical hemolytic uremic syndrome (aHUS). Both the studies met the primary and secondary endpoints, consistent with the previously announced data. The results were presented at the European Hematology Association (EHA) Congress. The first study … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

WFC-Wachovia Integration On Track Posted: 15 Jun 2011 12:35 PM PDT Wells Fargo & Co. (NYSE:WFC) is right on track with its integration of Wachovia. In this regard, Wells Fargo has completed the conversion of Wachovia Community Banking Operations in 363 Stores in Florida. This included Wachovia banking locations across north and central Florida and the greater Tampa. As a result of this conversion, over 4.6 million Florida customers would now be able to avail products and services from the 363 Wells Fargo stores and access over 500 ATMs across that part of the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

06/15 FX Options Report Posted: 15 Jun 2011 12:28 PM PDT The USD soared on Greek debt worries and weakness in US data. EUR/USD broke below the $1.42 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CHF Up In U.S. Trading Hours Posted: 15 Jun 2011 12:25 PM PDT Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Wednesday after the release of Swiss data on PPI. USD/CHF was trading at 0.8532, up 0.92% at time of writing. The pair was likely to find support at 0.8348, Tuesday’s low, and resistance at 0.8551, today’s high. Earlier in the day, official data showed that Producer price inflation in Switzerland fell unexpectedly to a seasonally adjusted … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

DTE Energy In Bio Drive Posted: 15 Jun 2011 12:10 PM PDT DTE Energy Services, Inc. (“DTEES”), a subsidiary of DTE Energy Co. (NYSE:DTE), has received consent from the San Joaquin Valley Air Pollution Control District to convert an existing coal-fired power plant to operate on biomass fuel. Per the approval, the plant known as the Port of Stockton District Energy Facility will be converted to burn 100% biomass fuel. Under this process, wood fuel will be derived from urban wood waste, tree trimmings and agricultural residues. It will produce about 45 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Chevron On Course With Wheatstone Posted: 15 Jun 2011 12:10 PM PDT The West Australian Environmental Protection Authority has granted conditional approval to U.S. energy behemoth Chevron Corp's (NYSE:CVX) proposed Wheatstone liquefied natural gas (“LNG”) venture near Onslow on the Pilbara coast. The decision – the first of a number of environmental reviews and approvals that Chevron will need to bring the project online – is subject to stringent conditions on managing and protecting the local environment. Chevron holds a 73.6% operated interest in the $25 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Up In U.S. Trade Posted: 15 Jun 2011 12:10 PM PDT Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday after the release of U.S. data on Core CPI. USD/CAD was trading at 0.9806, up 1.33% at time of writing. The pair was likely to find support at 0.9672, today’s low, and resistance at 0.9830, today’s high. Earlier in the day, official data showed that core consumer price inflation in the U.S. rose more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Changes At The Top For Polar Posted: 15 Jun 2011 12:03 PM PDT Ken Nagy, CFA Changes at the Top for Polar Polar Wireless (BCDI) is a mobile virtual network operator (MVNO), which intends to monetize its proprietary technology. The firm's SIM cards work in conjunction with current providers to eliminate roaming charges without the hassle of changing phone numbers or customer behavior. Fast growing mobile phone technology combined with the uptick in global travel has made the world a very small space, however high costs and hassles still exist. Our rating … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Nicor, AGL Closer To Merger Posted: 15 Jun 2011 12:03 PM PDT AGL Resources (AGL), the owner of Atlanta's natural-gas utility, and natural gas distributor Nicor Inc. (GAS) have passed another key milestone on their way to becoming a big new natural gas distributor with the vote of approval from the companies' shareholders. AGL and Nicor have already received the necessary antitrust clearance when they were told by the U.S. Department of Justice and the Federal Trade Commission in April that the waiting period required under the American … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Scripps Networks Remains Neutral Posted: 15 Jun 2011 12:03 PM PDT We reaffirm our long-term Neutral recommendation on Scripps Networks Interactive Inc. (NYSE:SNI). The company continues to perform well primarily due to significant growth in advertising and affiliate-fee revenue at the company's flagship Lifestyle Media businesses and higher segment profit. We believe both advertising revenue and affiliate fee revenue will remain healthy in the near future due to an improving U.S. economy. Acquisition of a majority stake in the Travel Channel, re-branding of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Silgan’s 3-Day Run Up For Graham Bid Posted: 15 Jun 2011 12:03 PM PDT Silgan Holdings Inc.'s (NASDAQ:SLGN) acquisition of Graham Packaging Company Inc. (NYSE:GRM) is under jeopardy as the latter is planning to accept a higher offer of $25 per share, or $1.64 billion, from New Zealand's Rank Group. In accordance with prior agreement, Graham Packaging has informed Silgan that it has time till Thursday to come up with a better offer. If Silgan refrains to up the bid and consequently Graham Packaging accepts Rank Group's offer, Graham Packaging will have to pay Silgan … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NVIDIA Completes Icera Buyout Posted: 15 Jun 2011 12:03 PM PDT NVIDIA Corporation (NASDAQ:NVDA) recently completed the acquisition of U.K. based data-modem chip manufacturer Icera Inc. The company shelled out $367.0 million of cash for the acquisition, which was announced in May. Icera will now operate as a wholly owned subsidiary of NVIDIA, but will retain its brand name. Icera is a renowned producer of baseband processors for 3G and 4G smartphones and tablets. It also produces wireless modems that are used to connect a device to a carrier. Icera's products … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/CAD Resumes Correction Towards Parity After Shakeout Posted: 15 Jun 2011 12:01 PM PDT USD/CAD Could be Completing a Wedge; Swing Projection Targets 0.99 (6/13) USD/CAD - The USD/CAD was seen in a declining wedge earlier in the week as it was in its 5th wave, or wave e. - Within the wedge context, the decline actually was a throw-over breaking to the downside of the wedge. - This turned out to be a shake-out and a bear trap. - The USD/CAD has been making higher lows, and if you look at May's lows, this June low is again higher. - The RSI kissed 30 and immediately broke above … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Down In U.S. Trading Hours Posted: 15 Jun 2011 11:45 AM PDT Forex Pros – The Euro was lower against the U.S. Dollar on Wednesday after the release of U.S. data on Industrial Production. EUR/USD was trading at 1.4180, down 1.81% at time of writing. The pair was likely to find support at 1.4157, today’s low, and resistance at 1.4551, Friday’s high. Earlier in the day, official data showed that U.S. industrial production rose less-than-expected to 0.1% last month, from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

China Is World’s Largest Energy Consumer Posted: 14 Jun 2011 10:00 PM PDT World consumption of energy has increased 5.6 percent in 2010, according to BP's Statistical Review of World Energy. This is the largest increase since 1973, which happened to be a memorable year in energy history. At the time, the U.S. was by far the largest consumer of energy, devouring 1,812 million tons of oil equivalent (mtoe)—more than 30 percent of the world's total—as the country faced an energy crisis, oil embargo and record high oil prices. In 2010, another pivotal moment … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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