DailyMarkets.com - HCP: Leads In Sustainability Efforts

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• HCP: Leads In Sustainability Efforts
• Toyota Gears Up For Normal Output
• Forex – AUD/USD Up In U.S. Trade
• Raytheon Wins Navy Contract
• Raytheon Wins Navy Contract
• Cooper’s Proposal For Laird
• Natgas Supplies Rise As Expected
• Forex – NZD/USD Up During The U.S. Session
• Verizon And USM To Swap Spectrum
• AXIS Capital Remains Underperform
• “Worries Remain…is Greece Resolved?”
• Canadian National To Sell Assets
• Cardinal Health Renews Alliance
• Euro Rebounds Vs. Dollar
• Forex – GBP/USD Up In U.S. Trade
• European Markets Close Higher; Dax Up 0.76%
• Sempra Gets Nod For Wind Project
• Basel Fee: Protector Or Inhibitor?
• Capital One Acquires ING Direct USA
• Janus Capital Stays Neutral
• Positive News For BSDM MicroThermX
• Forex Trading: AUD/USD Seeks Break Of Triangle Pattern Consolidation
• Forget OPEC… Invest In America’s Top Oil Supplier
• TOTAL Buys 60% Of SunPower To Spark
• Berkshire Downgraded To Neutral
• Sempra Gets Nod For Wind Project
• Canadian Dollar: Key ST Resistance At 993
• Australian Dollar: The Downside Prevails
• No New Reverse Mortgage Says WFC
• Kinross Invests In Edgewater
• Staying Neutral On Principal Financial
• Earnings Scorecard: Lululemon
• Avnet Teams Up With Nextreme
• Forex – EUR/USD Up At The End Of European Session
• US Dollar Index Threatens Trend Reversal – Level To Watch
• Forex – USD/JPY Down Toward The End Of European Session
• Valero’s Refinery To Run At Full Steam
• Best In Klas Award For Omnicell
• Harris’ Winning Spree Continues
• Harris’ Winning Spree Continues
• Vulcan Completes Bond Issuance
• ConocoPhillips To Enter Bangladesh
• LUK Sells Off Fortescue Shares
• Time Warner Partners With Motorola
• Neutral On POSCO, Rating Reaffirmed
• Forex – GBP/USD Up Toward The End Of European Session
• Triple Stock Index Check At Critical Support
• Word From The Floor: US Stocks Rise On Greece Bailout Hopes
• Forex – EUR/USD Up During The European Session
• Crude Continues To Slip, Touches Below $93
• Stock Market Summary For Friday, June 17, 2011
• Forex – GBP/JPY Down In European Trading Hours
• Kicking The Can – Berlin Style
• USD/JPY Breaks Channel Support After Poor Consumer Confidence Data
• Thanks To War On Drugs, U.S. Is World’s #1 Jailer
• Fraser McGee Works With New Management To Recover A Golden Opportunity For Triple Plate Junction
• Provexis Buys Sports Nutrition Business To Boost Pipeline And Revenues

HCP: Leads In Sustainability Efforts Posted: 17 Jun 2011 11:35 AM PDT HCP, Inc. (NYSE:HCP), a healthcare real estate investment trust (REIT), has recently been acknowledged for its continued commitment to sustainability practices and efforts to reduce energy consumption and negative impacts on the environment. In its recent report, the U.S. Environmental Protection Agency – an entity of the federal government of the U.S. entrusted with the responsibility of protecting human health and the environment, has recognized HCP as the leader in 'ENERGY STAR' … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Toyota Gears Up For Normal Output Posted: 17 Jun 2011 11:25 AM PDT Toyota Motor Corp. (NYSE:TM) revealed that it expects production at its North American plants to return to its normal level in September, sooner than it expected. The company has projected lower sales and profits for its fiscal year ending March 31, 2012 on account of earthquake and tsunami in Japan on March 11. The company stated that production at its 13 North American plants is currently running at 80% of its normal production. Production of 8 of its 12 North American-based models has already … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – AUD/USD Up In U.S. Trade Posted: 17 Jun 2011 11:15 AM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. AUD/USD was trading at 1.0604, up 0.43% at time of writing. The pair was likely to find support at 1.0478, Thursday’s low, and resistance at 1.0716, Tuesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Wins Navy Contract Posted: 17 Jun 2011 11:05 AM PDT Raytheon Company (NYSE:RTN) received a contract worth $51.6 million to give logistics support for the communication terminals of the U.S. Navy’s Extremely High Frequency Satellite Program ('NESP'). Raytheon’s unit, Raytheon Technical Services Company, which specializes in innovative training, logistics, and engineer solutions, will be entrusted to carry out the contracted work. The unit will handle all requisitions, warehouse as well as track government materials, and also test, repair and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Raytheon Wins Navy Contract Posted: 17 Jun 2011 11:05 AM PDT Raytheon Company (NYSE:RTN) received a contract worth $51.6 million to give logistics support for the communication terminals of the U.S. Navy’s Extremely High Frequency Satellite Program ('NESP'). Raytheon’s unit, Raytheon Technical Services Company, which specializes in innovative training, logistics, and engineer solutions, will be entrusted to carry out the contracted work. The unit will handle all requisitions, warehouse as well as track government materials, and also test, repair and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cooper’s Proposal For Laird Posted: 17 Jun 2011 11:05 AM PDT Cooper Industries Ltd. (NYSE:CBE) made a cash offer of 185 pence per share to acquire Laird plc (“Laird”) on June 1, 2011. Fulfillment of just a few pre-conditions is required for the proposal. Cooper believes the deal is very much justified and will give good premium cash value. However, the proposal was rejected by the board of Laird as it currently does not want to move on the deal with Cooper. However, Cooper is committed to make the deal successful through talks with Laird. The offer price … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natgas Supplies Rise As Expected Posted: 17 Jun 2011 11:05 AM PDT The U.S. Energy Department’s weekly inventory release showed an in-line build-up in natural gas supplies, as a production drop was offset by reduced natural gas cooling demand on the back of moderating weather. The Weekly Natural Gas Storage Report – brought out by the Energy Information Administration (EIA) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data and other market activity or events. The report provides … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – NZD/USD Up During The U.S. Session Posted: 17 Jun 2011 10:45 AM PDT Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. NZD/USD was trading at 0.8112, up 0.80% at time of writing. The pair was likely to find support at 0.7973, Thursday’s low, and resistance at 0.8219, Monday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Verizon And USM To Swap Spectrum Posted: 17 Jun 2011 10:35 AM PDT The largest U.S. mobile service provider, Verizon Communications (NYSE:VZ) is seeking approval from the Federal Communications Commission for the planned spectrum swap with U.S. Cellular (NYSE:USM). Verizon remains the leading provider of wireless voice and data communication services in the U.S. as it continues to expand both its 3G and 4G Long-Term Evolution (LTE) mobile broadband networks. We believe Verizon and its largest competitor AT&T Inc. (NYSE:T) has the lowest spectrum holding per … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

AXIS Capital Remains Underperform Posted: 17 Jun 2011 10:35 AM PDT Given substantial exposure to losses resulting from natural disasters, man-made catastrophes and other catastrophic events and sluggish top-line growth, we retain our Underperform recommendation on AXIS Capital Holdings Ltd. (NYSE:AXS). The company suffered huge catastrophe losses in the first quarter. Catastrophe losses, net of reinstatement premiums, totaled $87 million from the Australian Floods, $203 million from the New Zealand Earthquake and $287 million from the Japanese Earthquake. The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

“Worries Remain…is Greece Resolved?” Posted: 17 Jun 2011 10:30 AM PDT 06/17/11 Meridian Equity Partners’ Joseph Greco discusses today’s bounce in equities, amidst aid hopes for Greece. Crude oil prices and the upcoming FOMC meeting are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian National To Sell Assets Posted: 17 Jun 2011 10:05 AM PDT Canadian National Railway Company (NYSE:CNI) will sell assets of its indirect subsidiary IC RailMarine Terminal Company to Raven Energy, LLC, which is affiliated to Foresight Energy, LCC, a leading private company engaged in coal mining and a division of Cline Group. Total proceeds from the divestiture are estimated at $73 million. Canadian National expects the deal to be completed within 45 days, subject to regulatory approvals. Upon completion, the company will strike a 10-year rail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Cardinal Health Renews Alliance Posted: 17 Jun 2011 10:05 AM PDT Cardinal Health (NYSE:CAH) has renewed its partnership with leading pharmacy benefit management company Prime Therapeutics with a new three-year distribution agreement. The original agreement was signed in July 2008. Minnesota-based Prime Therapeutics provides pharmacy benefit services to nearly 17 million members across the U.S. The entity managed over $10.2 billion in prescription drug spend in 2010. Under the renewed pact, Cardinal Health will continue to serve as the primary pharmaceutical … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Euro Rebounds Vs. Dollar Posted: 17 Jun 2011 05:00 AM PDT 06/17/11 The euro slighly rebounded this afternoon aganst the dollar as signs continue to point towards political leaders agreeing on a way to help Greece with its debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up In U.S. Trade Posted: 17 Jun 2011 10:00 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.6165, up 0.06% at time of writing. The pair was likely to find support at 1.6079, Thursday’s low, and resistance at 1.6442, Tuesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Markets Close Higher; Dax Up 0.76% Posted: 17 Jun 2011 09:55 AM PDT Forex Pros – European stocks were up after the closing bell on Friday. At the close of European trade, Germany’s DAX rose 0.76%, London’s FTSE 100 gained 0.28%, France’s CAC 40 climbed 0.83% and the EURO STOXX 50 was up 1.45%. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a seasonally adjusted 71.8 last month from 74.3 in the preceding … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra Gets Nod For Wind Project Posted: 17 Jun 2011 09:54 AM PDT Sempra Generation, a subsidiary of Sempra Energy (NYSE:SRE), received approval from The Hawaii Public Utilities Commission for a 20-year contract to supply 21 megawatts (MW) of wind power from its Auwahi Wind project to the Maui Electric Company. The project is currently undergoing environmental review by Maui County, the state of Hawaii and federal agencies. Pursuant to their approval, construction on Auwahi Wind is slated to begin in early 2012. The project's estimated one-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Basel Fee: Protector Or Inhibitor? Posted: 17 Jun 2011 09:54 AM PDT In desperate attempts to stave off another global financial crisis and restore public confidence, the Basel Committee on Banking Supervisionare is mulling over imposing a capital surcharge on the world's largest banks if they grow bigger. The target banks are those that could threaten global economy if they collapse, Bloomberg reported on Thursday. This will be in addition to the new set of minimum capital standards, known as Basel III, proposed by the regulatory officials of more than two … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Capital One Acquires ING Direct USA Posted: 17 Jun 2011 09:54 AM PDT Capital One Financial Corp.(NYSE:COF) announced an agreement to acquire ING Direct USA, the online banking unit of Amsterdam-based ING Groep NV (NYSE:ING), in a stock-cum-cash transaction valued at $9.0 billion. The deal would catapult the company to fifth position from the present eighth, in terms of deposits in the U.S. Earlier this month, Capital One and General Electric Co. (NYSE:GE) had submitted their bids to acquire ING Direct USA. Other companies that had shown interest in acquiring ING Direct … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Janus Capital Stays Neutral Posted: 17 Jun 2011 09:54 AM PDT We are reiterating our Neutral recommendation on Janus Capital Group Inc. (NYSE:JNS), backed by the company's better-than-expected first-quarter 2011 earnings. Janus Capital's first-quarter 2011 earnings attributable to common shareholders came in at 24 cents per share, surpassing the Zacks Consensus Estimate by 4 cents. The result was aided by higher assets under management (AUM). First-quarter 2011 results included 3-cent per share non-operating charge due to the early retirement of debt. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Positive News For BSDM MicroThermX Posted: 17 Jun 2011 09:54 AM PDT Cancer treatment systems maker BSD Medical Corp (NASDAQ:BSDM) has announced encouraging results from its distribution efforts for the MicroThermX Microwave Ablation products for soft tissue ablation (destruction). The Utah-based company reported that increased promotional activity of its MicroThermX products, at the hospital level, by trained sale representatives has resulted in a full schedule of clinical evaluation by the physicians interested in using the device over the coming weeks. This … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: AUD/USD Seeks Break Of Triangle Pattern Consolidation Posted: 17 Jun 2011 09:53 AM PDT AUD/USD (daily chart) as of Friday (6/17/2011) has consolidated into a large triangle pattern after descending along a bearish resistance trend line extending back to the all-time 1.1010 high hit in early May. The bottom border of the triangle resides around the 1.0440 price level. This triangle consolidation occurs within the context of a year-long uptrend extending back to the June 2010 low around 0.8080. Price action is currently progressing towards the triangle apex, and a strong breakout … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forget OPEC… Invest In America’s Top Oil Supplier Posted: 17 Jun 2011 09:50 AM PDT Forget OPEC… Invest in America's Top Oil Supplier by David Fessler, Senior Analyst, Investment U Friday, June 17, 2011: Issue #1357 Ask 10 people the name of America's top oil supplier. Chances are half of them will get the answer wrong. A surprising number still believe our top source of foreign oil is Saudi Arabia. They're now number three, supplying the United States with a little more than one million barrels per day (bpd). Mexico is second, at 1.14 million bpd. As you can see from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

TOTAL Buys 60% Of SunPower To Spark Posted: 17 Jun 2011 09:35 AM PDT Oil giant TOTAL S.A. (NYSE:TOT) has acquired a 60% stake in solar power company SunPower Corp. (SPWRA) to create a new global leader in the solar industry. As part of the deal, TOTAL completed an all-cash tender, buying all the Class A and Class B shares of SunPower for a total value of $1.3 million. The tender comprised of TOTAL buying a total of 60% stake in SunPower. In the transaction, TOTAL acquired 30,220,701 shares of Class A common stock and 25,220,000 shares of Class B common stock at a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Berkshire Downgraded To Neutral Posted: 17 Jun 2011 09:35 AM PDT We are downgrading our recommendation on the shares of Berkshire Hathaway Inc. (BRK.A) (BRK.B) to Neutral from Outperform based on heavy catastrophe losses (cat losses) incurred during the first quarter of 2011 and the expectation of more cat losses from hurricanes during the second half of the year, which will likely weigh on the insurance segment's bottom line. Berkshire's property and casualty insurance business has been the engine behind its growth. Berkshire's insurance business … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sempra Gets Nod For Wind Project Posted: 17 Jun 2011 09:35 AM PDT Sempra Generation, a subsidiary of Sempra Energy (NYSE:SRE), received approval from The Hawaii Public Utilities Commission for a 20-year contract to supply 21 megawatts (MW) of wind power from its Auwahi Wind project to the Maui Electric Company. The project is currently undergoing environmental review by Maui County, the state of Hawaii and federal agencies. Pursuant to their approval, construction on Auwahi Wind is slated to begin in early 2012. The project's estimated one-year … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 993 Posted: 17 Jun 2011 09:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails Posted: 17 Jun 2011 09:16 AM PDT Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

No New Reverse Mortgage Says WFC Posted: 17 Jun 2011 09:10 AM PDT Wells Fargo & Co. (NYSE:WFC) has decided to exit its reverse mortgage business due to volatile home values. While the company would continue to service the loans of existing reverse mortgage customers, it would not originate any new loan. In addition to unpredictable home values in the market now, Wells Fargo also cited that certain restrictions related to reverse mortgages create difficulty in determining borrowers' ability to meet obligations of homeownership and their reverse mortgages … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kinross Invests In Edgewater Posted: 17 Jun 2011 09:05 AM PDT The Canadian mining company Kinross Gold Corporation (NYSE:KGC) announced that it intends to purchase 625,000 units of Edgewater Exploration Ltd. in a private placement, for C$500,000.The private placement is subject to approval by the TSX Venture Exchange. After the private placement goes through, Kinross would hold 8.9 million shares, constituting 12.7% of Edgewater’s outstanding shares. Kinross intends to purchase the Edgewater units for investment purposes. The company expects to produce … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Staying Neutral On Principal Financial Posted: 17 Jun 2011 09:05 AM PDT Principal Financial Group Inc. (NYSE:PFG) continues to post solid growth in assets under management. Also, the company continues to effectively deploy $700 million of capital.  Moreover, Principal Financial scores strongly with the credit rating agency. However, volatility in the financial markets and Principal's investment portfolio exposure to commercial real estate are partial offsets to the positives. Thus we remain Neutral on the company. Principal posted 12% growth in assets under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Earnings Scorecard: Lululemon Posted: 17 Jun 2011 09:05 AM PDT Recently, specialty retailer Lululemon Athletica Inc. (NASDAQ:LULU) announced its financial results for the first-quarter 2011. Street analysts had nearly a week to ponder on the news. In the paragraphs that follow, we cover the recent earnings announcement, subsequent analysts' estimate revisions as well as the Zacks Rank and long-term recommendation on the stock. Earnings Review Lululemon reported robust first-quarter 2011 adjusted earnings of 44 cents a share, up 63.0% from the year-ago figure … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Avnet Teams Up With Nextreme Posted: 17 Jun 2011 09:05 AM PDT Avnet Inc. (NYSE:AVT) announced that its Electronics Marketing Americas division entered into a distribution agreement with Nextreme Thermal Solutions, a manufacturer of micro-scale thermal and power management products. The financial terms of the deal were not disclosed. Based near Research Triangle Park, North Carolina, Nextreme provides electronics cooling and energy harvesting solutions for telecommunications, semiconductor, aerospace, consumer, medical and government markets. Under the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up At The End Of European Session Posted: 17 Jun 2011 09:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.4324, up 0.85% at time of writing. The pair was likely to find support at 1.4074, Thursday’s low, and resistance at 1.4498, Tuesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

US Dollar Index Threatens Trend Reversal – Level To Watch Posted: 17 Jun 2011 08:58 AM PDT I've been monitoring the changing structure in the US Dollar Index recently, and there is a very critical index level to watch that will signal an official, structural trend reversal on the larger frame. Let's take a look at the current price structure and highlight the critical level that will objectively redefine the prevailing trend. First, the Daily Chart Structure: When you're doing any sort of large-scale analysis of a price trend, sometimes it helps to strip away all the clutter … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/JPY Down Toward The End Of European Session Posted: 17 Jun 2011 08:40 AM PDT Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. USD/JPY was trading at 80.10, down 0.69% at time of writing. The pair was likely to find support at 80.03, today’s low, and resistance at 81.06, Wednesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Valero’s Refinery To Run At Full Steam Posted: 17 Jun 2011 08:31 AM PDT Valero Energy Corp's (NYSE:VLO) Port Arthur, Texas refinery, which has refining throughput capacity of 287,000 barrels per day (bpd), will be running at full steam from this weekend. Activity at the refinery had slowed since June 6 when the plant's coking unit was badly damaged by lightning. This forced the closure of a crude unit at the refinery. Valero is currently in the process of replacing the damaged motor but expects the coking unit to return to operation after a compressor is … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Best In Klas Award For Omnicell Posted: 17 Jun 2011 08:26 AM PDT Omnicell (NASDAQ:OMCL), recently announced that it has received recognition for its OmniRx automated dispensing system from leading research firm, KLAS for the second consecutive year.  Along with the  2011 "Best in KLAS” award for Automated Medication Dispensing Units for large hospitals with more than 200 beds category, Omnicell was also  recognized  as the Category Leader for OmniRx for hospitals under 200 beds. This is the sixth consecutive year that OmniRx has received … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harris’ Winning Spree Continues Posted: 17 Jun 2011 08:26 AM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a $5 million contract from the U.S. Marine Corps. The acquisition of Falcon III AN/PRC-117G Multiband Manpack tactical radios by the U.S. Marine department will help them to provide better and safe communication network facility. These newly developed tactical radios will facilitate better streaming of videos, delivery of data and information across wideband networks during warfare. Its reduced weight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Harris’ Winning Spree Continues Posted: 17 Jun 2011 08:26 AM PDT A leading supplier of communications equipment and services, Harris Corp. (NYSE:HRS) recently won a $5 million contract from the U.S. Marine Corps. The acquisition of Falcon III AN/PRC-117G Multiband Manpack tactical radios by the U.S. Marine department will help them to provide better and safe communication network facility. These newly developed tactical radios will facilitate better streaming of videos, delivery of data and information across wideband networks during warfare. Its reduced weight … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Vulcan Completes Bond Issuance Posted: 17 Jun 2011 08:26 AM PDT Vulcan Materials Company (NYSE:VMC) recently announced the completion of its $1.1 billion bond issuance, which has received orders worth $3.2 billion.  The company reported that the bond issuance was undertaken to reduce its debt that is due over the next several years. Vulcan Materials intends to use a part of the proceeds from the issuance to buy $275 million in senior unsecured notes due 2012 and 2013. It also plans to prepay a $450 million term loan due 2015 and reduce debt borrowed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ConocoPhillips To Enter Bangladesh Posted: 17 Jun 2011 08:25 AM PDT ConocoPhillips (NYSE:COP) inked a production sharing contract (PSC) with the Bangladesh government and state-run Petrobangla to explore hydrocarbon in the virtually untapped deep waters of the Bay of Bengal. The company did not disclose any financial details of the agreement.  The deal entitles the U.S. integrated giant to explore two blocks, DS-08-10 and DS-08-11, of which ConocoPhillips holds full 100% working interest. The blocks cover a total area of 5158 square kilometers (1.27 million … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

LUK Sells Off Fortescue Shares Posted: 17 Jun 2011 08:25 AM PDT Leucadia National Corporation (NYSE:LUK) recently sold 92.4 million of common shares of Fortescue Metals Group Ltd. for approximately $609.2 million. The transaction resulted in a net securities gain of $527.4 million, to be recorded during the second quarter of 2011. Fortescue is a publicly traded company listed on the Australian Stock Exchange (FMG). Exiting the first quarter 2011, Leucadia owned roughly 248 million common shares of Fortescue, representing an 8% stake in the latter. Subsequent … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Time Warner Partners With Motorola Posted: 17 Jun 2011 08:25 AM PDT Time Warner Cable Inc. (NYSE:TWC) is partnering with Motorola Mobility, Inc. (MMI) to offer high-quality video delivery services to its subscribers by creating a video gateway platform. Motorola’s DCX3600M Video Gateway service offers such premium services by converting the MPEG-2 files into MPEG-4 files so that it can easily be delivered to tablets and smartphones, where subscribers will enjoy watching these high quality video files. Motorola's DCX3600M Video Gateway enables unlimited sharing … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Neutral On POSCO, Rating Reaffirmed Posted: 17 Jun 2011 08:25 AM PDT We currently maintained our Neutral recommendation on South Korean steelmaker POSCO (NYSE:PKX). POSCO is the world's third largest steelmaker on the basis of output. The company primarily manufactures steel for the shipping and construction industries and operates through its two steel production facilities, the Pohang Works and the Gwangyang Works. POSCO is in a position to reap the benefits from its wide regional diversification, self-sufficiency in raw materials and higher proportion of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Up Toward The End Of European Session Posted: 17 Jun 2011 08:25 AM PDT Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. GBP/USD was trading at 1.6188, up 0.20% at time of writing. The pair was likely to find support at 1.6079, Thursday’s low, and resistance at 1.6442, Tuesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Triple Stock Index Check At Critical Support Posted: 17 Jun 2011 08:11 AM PDT Traders in general are watching critical daily confluence support levels very closely this week – and so far the levels are holding into Friday. Let's take a quick triple index fly-by check on the key daily support levels and plot out likely scenarios. First, the S&P 500: The main idea at the moment is that the S&P 500 is challenging (bouncing up off of) the rising 200 day Simple Moving Average. The average currently rests at 1,259 and yesterday's price low triggered a flood of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Rise On Greece Bailout Hopes Posted: 17 Jun 2011 08:03 AM PDT 06/17/11 Wall Street opened with strong gains, tracking European stocks higher. France and Germany showed unity over resolving Greece’s debt … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Up During The European Session Posted: 17 Jun 2011 08:00 AM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Michigan Consumer Sentiment Index. EUR/USD was trading at 1.4308, up 0.74% at time of writing. The pair was likely to find support at 1.4074, Thursday’s low, and resistance at 1.4498, Tuesday’s high. Earlier in the day, preliminary data showed that U.S. UoM consumer sentiment fell more-than-expected to a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Continues To Slip, Touches Below $93 Posted: 17 Jun 2011 02:45 AM PDT 06/17/11 Front month crude prices extended their losses Friday as the recent trend of dollar strength and global demand concerns have combined to push prices even lower this … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Friday, June 17, 2011 Posted: 17 Jun 2011 07:44 AM PDT Nasdaq Composite is lagging the DJIA and S&P 500 because the Semiconductor Index (SOX) is selling off down 0.9% on material trading activity. The S&P 500 is trading above its resistance level while the DJIA and Nasdaq Composite are below theirs; today is options expiration so volatility should be elevated in today’s … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/JPY Down In European Trading Hours Posted: 17 Jun 2011 07:40 AM PDT Forex Pros – The British Pound was lower against the Japanese Yen on Friday. GBP/JPY was trading at 129.63, down 0.51% at time of writing. The pair was likely to find support at 129.42, today’s low, and resistance at 132.33, Tuesday’s high. Meanwhile, the British Pound was up against the U.S. Dollar and down against the Euro, with GBP/USD gaining 0.10% to hit 1.6172 and EUR/GBP rising 0.57% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kicking The Can – Berlin Style Posted: 17 Jun 2011 07:34 AM PDT Stress-testing of the euro currency performed this week came to a tidy end with an entourage of French ministers getting a free-trip to Berlin thrown into the bargain. For all of the bravado and apparent brinksmanship, Germany appears to have backed down in its demands for private investors holding Greek bonds to share financial burden of a financial restructuring. Instead Ms. Merkel claims that it would be sufficient to have debt holders volunteer to roll over maturing debt. The so called … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

USD/JPY Breaks Channel Support After Poor Consumer Confidence Data Posted: 17 Jun 2011 07:19 AM PDT USD/JPY Short-Term- The USD/JPY is falling sharply after a today's Umich Consumer Confidence index came out to 71.8, short of the economic forecast of 74.4. - Looking at the structure of the market, it looks like it was attempting a correction before this current decline. The correction might not be over, especially if the market holds above the 80 pivot and is above to push back above the 80.30 pivot. - 80.70 continues to be an important pivot as well. A break above it resumes a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Thanks To War On Drugs, U.S. Is World’s #1 Jailer Posted: 17 Jun 2011 07:00 AM PDT This is a post to recognize the 40th anniversary of the day in 1971 that President Nixon declared that the U.S. government would start waging a “War on Drugs” war on peaceful Americans who chose to use intoxicants not approved of by the U.S. government (HT: Don B.). Q: Which repressive country puts the most people in jail for violating government laws?  A. Iran B. Saudi Arabia C. Libya D. Egypt E. United States of America Well, it’s not even close………….. World Rank, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fraser McGee Works With New Management To Recover A Golden Opportunity For Triple Plate Junction Posted: 17 Jun 2011 02:28 AM PDT When Fraser McGee took the helm of AIM quoted gold explorer Triple Plate Junction (LON:TPJ) in January this year he was faced with sorting out the focus of the company's business following 12 months of corporate havoc. A proposed de-listing, a reconstructed board, a rebuffed takeover approach and funding issues had left the company with an uncertain future and out of touch with its joint venture partners. It was in a battered, bruised and confused state – and so were its investors. For … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Provexis Buys Sports Nutrition Business To Boost Pipeline And Revenues Posted: 17 Jun 2011 01:30 AM PDT Life sciences business Provexis (LON:PXS) has agreed an £8.0 million deal to buy SiS (Science in Sport) Ltd, a company that makes and sells sports nutrition products. While Provexis did not reveal details, it is understood that SIS is revenue generating and profitable. AIM listed Provexis specialises in developing and licensing scientifically-proven functional food, medical food and dietary supplement technologies. It said that its management and technical capabilities would be able to support … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

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