20 Haziran 2011 Pazartesi

DailyMarkets.com - Lawson Releases Preliminary Results

DailyMarkets.com - Lawson Releases Preliminary Results

Lawson Releases Preliminary Results

Posted: 16 Jun 2011 09:35 AM PDT

Lawson Software, Inc. (NASDAQ:LWSN) recently released preliminary results for the fourth quarter of fiscal 2011. Lawson expects to report revenues of $208 – $212 million, up from $197 million reported in fiscal 2010.
Including approximately $2 million of revenues impacted by purchase accounting adjustments, Lawson expects to generate revenues of $210 million – $214 million.
Earnings per share are projected around $0.06 – $0.07. Excluding one-time times, earning per share are forecasted around $0.15 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Caterpillar’s Thai Expansions

Posted: 16 Jun 2011 09:35 AM PDT

Caterpillar Inc. (NYSE:CAT) plans to open a new manufacturing facility in Thailand to produce medium track-type tractors, which are used globally by Caterpillar customers for various construction applications. Construction will begin on the new factory in 2011 with production slated to commence from late 2013.
The 40,000-square-meter (430,000-square-foot) factory will be built on the Hemaraj Rayong Industrial Land in Rayong Province. The new facility will ramp up global production of medium … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kona Grill’s CEO Resigns (revised)

Posted: 16 Jun 2011 09:35 AM PDT

Scottsdale-based Kona Grill, Inc. (NASDAQ:KONA) recently announced that its Chief Executive Officer (CEO) and President Marc A. Buehler has resigned to pursue other opportunities.

Buehler joined the American grill and sushi bar company as the CEO and President in November 2009 and took all possible measures to improve the company's top line and narrow losses. However, during his tenure, the company posted a profit only once.

Until a permanent CEO is selected, Kona Grill has decided that Michael … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Sprint Ventures Safe Browsing

Posted: 16 Jun 2011 09:35 AM PDT

The third-largest U.S. wireless carrier Sprint Nextel Corp. (NYSE:S) has inked a deal with Lookout Mobile Security, a software company that specializes in smartphone security.
The deal draws attention to Sprint's attempt to ensure safe browsing on mobile devices. The company is trying to secure mobile phones with features like privacy, backup and restore, tracking missing devices and remote link and wipe.
Important information stored in the Google Inc.’s (NASDAQ:GOOG) Android-based smartphones or … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Card Defaults Continue To Drop

Posted: 16 Jun 2011 09:35 AM PDT

Regulatory filings by major credit card companies for the month of May have shown a continuous declining trend in credit card defaults, with rates dropping to the pre-crisis level. On Wednesday, five of the nation’s top six credit card companies reported a decline in card defaults.
While, Bank of America Corporation (NYSE:BAC), American Express Company (NYSE:AXP), Discover Financial Services (NYSE:DFS), Citigroup (NYSE:C) and Capital One Financial Corp. (NYSE:COF) recorded further drop in their respective … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex Trading: GBP/USD Tentatively Breaks Down Longstanding Bullish Trend

Posted: 16 Jun 2011 09:09 AM PDT

GBP/USD (daily chart) as of Thursday (6/16/2011) has made a tentative breakdown below a key uptrend support line extending back to the May 2010 lows. This breakdown is a key bearish event that, if sustained, could mean a bearish trend change for the pair. This occurs after a general period of overall bearishness stemming from the establishment of the 1.6745 high back in late April. The immediate downside target on this breakdown continues to reside around the important 1.6000 psychological … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lockheed Wins US Army Rocket Deal

Posted: 16 Jun 2011 09:06 AM PDT

Lockheed Martin Corporation (NYSE:LMT) has received a follow-on contract for Guided Multiple Launch Rocket System (''GMLRS'') Unitary rockets worth $445 million from the U.S. Army Aviation & Missile Command.
Under the contract, Lockheed will provide 735 GMLRS Unitary rocket pods (six rockets per pod) and 508 Reduced-Range Practice Rocket pods for the U.S. Army and U.S. Marine Corps, as well as GMLRS pods for Foreign Military Sales (''FMS'') customers including Japan, Jordan, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Foster Wheeler Wins Contract

Posted: 16 Jun 2011 09:06 AM PDT

Foster Wheeler AG's (NASDAQ:FWLT) Global Engineering and Construction Group received a contract to do basic engineering design (BED) and front-end engineering design (FEED) for Preemraff Lysekil oil refinery in Gothenburg on the west coast of Sweden.
The contract has been awarded by Preem AB (Publ) Preemraff Lysekil (Preem) and is a part of Preem's Energy Savings Program 2013 Turnaround.  The contract value is undisclosed. 
The value for the BED was added to the company's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Pepsi Gets New Credit Facility

Posted: 16 Jun 2011 09:06 AM PDT

Going by Bloomberg, the leading global snack food and beverages company, PepsiCo Inc. (NYSE:PEP), has entered into a new four-year unsecured revolving credit agreement with a consortium of world’s leading investment bankers for optimizing its capital structure.
Citicorp (NYSE:C), JPMorgan Chase & Co. (NYSE:JPM) and Bank of America Corp. (NYSE:BAC) offering a sum of $325.0 million each emerged as the major contributor to the new $2.88 billion revolving credit line facility. However, PepsiCo may increase … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NRP Unit Issuing Senior Notes

Posted: 16 Jun 2011 09:05 AM PDT

Natural Resource Partners L.P. (NYSE:NRP) announced that its subsidiary NRP (Operating) LLC issued the previously announced $50 million of senior notes yielding interest of 5.03% per year and maturing on December 1, 2026. The partnership intends to utilize the proceeds to fund future acquisitions including the remaining balance of the Hillsboro acquisition.
In April 2011, the partnership had issued $200 million in two tranches, one of $75 million having an interest rate of 4.73% maturing on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

MetroPCS In Neutral Lane

Posted: 16 Jun 2011 09:05 AM PDT

We believe MetroPCS Communications (NYSE:PCS), one of the leading providers of unlimited prepaid wireless service in the U.S., remains well positioned to gain from the successful launch and execution of "Wireless for All" service plans. Further, growing demand for Android smartphones and the company's entry into fourth-generation (4G) long-term evolution (LTE) wireless broadband services ensure opportunities for long term growth.
However, we remain concerned about the company's highly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Lowe’s Cuts Back On New Stores

Posted: 16 Jun 2011 09:05 AM PDT

As per The Street, Lowe’s Companies Inc. (NYSE:LOW) has struck a policy of rewarding shareholder value via dividend payouts and share repurchases at the cost of curtailing new store openings and saving on capital expenses.
The company has declared a five-year share buyback program in which it intends to reduce the share base by repurchasing worth $18 billion of its common stock.
Lowe's now targets 25 new store openings in fiscal 2011 in comparison with the earlier expectation of 25 to 30 new … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Progressive Beats In May

Posted: 16 Jun 2011 09:05 AM PDT

Progressive Corp.'s (NYSE:PGR) earnings per share for May 2011 were 11 cents, up from 7 cents earned in the year ago period. Net income increased 68% from the year-ago period to total $74.1 million.
The company recorded net premiums of $1.13 billion during May 2011, up 2% from $1.11 billion in May 2010 but down 26% from $1.54 billion during April 2011. Net premiums earned were $1.14 billion, up 3% from $1.11 billion in the year-ago period and down 20% from $1.43 billion in the prior month.
Net … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

J&J To Discontinue Cypher Stent

Posted: 16 Jun 2011 09:05 AM PDT

Cordis Corporation, a Johnson & Johnson (NYSE:JNJ) company, recently announced that it will stop manufacturing Cypher and Cypher Select Plus sirolimus-eluting coronary stents by year end.
The company will also discontinue the development of Nevo sirolimus-eluting coronary stent. Cordis intends to focus on other cardiovascular therapies instead.
Cypher Sales Were Under Pressure
The decision to discontinue Cypher stent does not come as a surprise given the declining sales of the product. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Aetna Gets Approval From CMS

Posted: 16 Jun 2011 09:05 AM PDT

Aetna Inc. (AET) has recently revealed that it has finally got green signal from the Centers for Medicare & Medicaid Services (CMS), to market its Medicare Advantage and Prescription Drug Plan products. In April 2010, the company was banned from offering these products to new members as some of the Medicare prescription drug plans offered between 2009 and 2010 had failed to comply with the regulatory requirements.
Aetna's Medicare products are regulated by the CMS. In April last year, the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kroger Tops, Raises Outlook

Posted: 16 Jun 2011 08:30 AM PDT

The Kroger Company (NYSE:KR), one of the largest grocery retailers, recently posted better-than-expected first-quarter 2011 results. The quarterly earnings of 70 cents a share topped the Zacks Consensus Estimate of 64 cents, and jumped 20.7% from 58 cents delivered in the prior-year quarter.
The Zacks Consensus Estimate increased by a penny with 4 out of 15 analysts covering the stock raising their projections in the last 30 days. In the last 7 days, only 3 analysts revised their estimates upwards … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

European Contagion, The Domestic Banks, & The S&P 500

Posted: 16 Jun 2011 08:28 AM PDT

"The paranoia gripped us, The rain turned engines to rust
The panic set in like a cancer to our hearts; Spreading through
We bet on finite genius; Or prayed for God to save us
But there was no antidote, Disease tore us apart
We left bodies in the fields, So numb that we forgot how to feel."
~ Rise Against: Endgame Lyrics ~
The price action in U.S. financial markets on Wednesday was the culmination of fear and disease. Fear was represented by a breakout in the Volatility Index (VIX) and the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Kellogg’s Food Contaminated Again

Posted: 16 Jun 2011 08:24 AM PDT

The Food and Drug Administration (FDA) released a report on June 14, 2011 stating that traces of listeria have been found in the food products of a Kellogg Company (NYSE:K) bakery in Augusta, Ga. The regulators after an inspection in February this year came up with such findings. The Augusta plant makes Keebler and Famous Amos cookies, and is one of five cookie bakeries Kellogg operates in North America.
FDA said that listeria was found in several spots along the production line where the food … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Word From The Floor: US Stocks Mixed At Open, Greece In Focus

Posted: 16 Jun 2011 08:22 AM PDT

06/16/11 Wall Street digested better-than-expected US housing starts. Greek debt worries continue to grow, with investors monitoring the latest developments from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Greek Government Change Causes Euro Traders To Lose Faith

Posted: 16 Jun 2011 08:19 AM PDT

Today’s Idea
The Euro may very well continue to face challenges as the Greek debt saga carries on. The weakness in the US and other economies also typically results in safe-haven greenback buying. Technically, the Euro is approaching the critical 1.40 level. A close below the 1.40 mark could result in a technical meltdown for the currency, as longs get squeezed out and shorts become emboldened. Some traders may wish to consider entering into a bear put spread by buying the August Euro 1.39 put … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Australian Dollar: The Downside Prevails

Posted: 16 Jun 2011 08:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Canadian Dollar: Key ST Resistance At 993

Posted: 16 Jun 2011 08:17 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ATVI Launches War Of Transformers

Posted: 16 Jun 2011 08:17 AM PDT

Even before the release of the film, Transformers' fans can play Activision Blizzard Inc.'s (NASDAQ:ATVI) Transformers: Dark of the Moon and experience the thrilling battle between the AUTOBOTS and DECEPTICONS.
The game has been created by High Moon Studios and the theme and characters are based on Hasbro's highly acclaimed TRANSFORMERS franchise. The game enables the player to choose from their favorite characters while battling the sinister plans of MEGATRON in a strive to save the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Dejour Hosted First Earnings Call: Outlined 2011 Plans

Posted: 16 Jun 2011 08:17 AM PDT

Steven Ralston, CFA
Dejour hosted first earnings call: outlined 2011 plans

Dejour (DEJ) announced first quarter results, and management outlined exploration and development plans for 2011. First quarter results benefited from higher oil and gas prices, but the ramp up of production after the implementation of the waterflood has been gradual and did not benefit first quarter results. On the earnings call, management stated that current oil production at Woodrush is 430 BOPD, up 30% from the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

ViroPharma’s HAE Drug Gets EU Nod

Posted: 16 Jun 2011 08:17 AM PDT

ViroPharma Inc. (NASDAQ:VPHM) recently announced that the European Commission (EC) granted Centralized Marketing Authorization to Cinryze for the treatment of hereditary angioedema (HAE).
The drug is indicated for the treatment of pre-procedure prevention of angioedema attacks in adults and adolescents with HAE, and routine prevention of angioedema attacks in adults and adolescents with severe and recurrent attacks of HAE, who are intolerant to or insufficiently protected by oral prevention … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Starwood’s W Hotels Reach Russia

Posted: 16 Jun 2011 08:17 AM PDT

Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) with its luxury boutique hotel brand W Hotels Worldwide is all set to expand its footprint in Russia, which is considered as one of the fastest growing markets. The company has recently partnered with Real Estate Development Ltd to open its first W Hotel in Russia.
The hotel is located in St. Petersburg, which is also known as the "Venice of the North" and is most visited by tourists and citizens during the White Night Festival. Thus, we … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Oracle, HP Entangled In Lawsuit

Posted: 16 Jun 2011 08:16 AM PDT

Oracle Corp. (ORCL) has been sued by Hewlett-Packard Co. (HPQ) better known as HP, claiming breach of contract and anticompetitive behavior.
The legal suit was filed on the basis of a formal legal demand, which HP sent to Oracle on June 8, 2011, asking the latter to reverse its decision regarding the discontinuing support for the Itanium-based servers.
In the lawsuit filed at the state court in San Jose, California, HP has accused Oracle of contract breach related to the development of software … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Negative Outlook For KB Home

Posted: 16 Jun 2011 08:16 AM PDT

Fitch Ratings lowered its outlook on KB Home (NYSE:KBH), from stable to negative, citing the homebuilder's overexposure to the entry-level housing market as well as its not-so-great performance as compared to its peers. However, the rating agency maintained its ratings on the company.
The housing market is still struggling to regain its historical pace but unfavorable macroeconomic factors, mainly rising unemployment, absence of tax credits, tough lending standards and falling home prices, have … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Qualcomm Remains Neutral

Posted: 16 Jun 2011 08:16 AM PDT

We are maintaining our cautious stance on Qualcomm Inc. (NASDAQ:QCOM) despite the company's improved performance in the second quarter of 2011.
Qualcomm, the largest global manufacturer of mobile phone chipsets, reported solid second quarter 2011 financial results where both the top and bottom line beat the Zacks Consensus Estimate. Moreover, robust results, higher smartphone demand and increased 3G network deployment in emerging nations have allowed management to provide strong financial outlook … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Fitch Ups Unisys

Posted: 16 Jun 2011 08:16 AM PDT

The rating agency, Fitch Ratings, upgraded the debt ratings of UnisysCorporation (NYSE:UIS) based on the company's initiative of debt prepayment from the issue proceeds of mandatory convertible preferred stock.
Fitch Ratings now raised the company's Issuer Default Rating (IDR) by one notch to "BB-" from "B+". This denotes that Unisys' debt is speculative and is prone to elevated default risk compared with the previous rating which implied that the debt carries material default … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Philly Fed Index Negative In June, Series Sees Largest 3 Month Drop Ever

Posted: 16 Jun 2011 08:00 AM PDT

It's time to pile on another poor US fundamental release, this time in the manufacturing sector, one day removed from a sharp decline in the Empire Manufacturing Index.
Today, The Philadelphia Fed Manufacturing Index slid to -7.7 in June from 3.9 in May. This follows the index falling from 18.5 in April, and 43.4 in March and is the first contraction since last October. It's also the biggest three month collapse in the history of the series according to zerohedge.com.

This continues … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – Dollar Trims Gains After Mostly Upbeat U.S. Data

Posted: 16 Jun 2011 08:00 AM PDT

Forex Pros – The U.S. dollar trimmed earlier gains against its major counterparts on Thursday, as risk aversion eased following the release of broadly better-than-expected U.S. economic data.

During early U.S. trade, the greenback was up against the euro, with EUR/USD shedding 0.18% to hit 1.4153.

Earlier in the day, the euro fell broadly after European Central Bank Governing Council member Nout Wellink said that the European bailout fund should … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Natural Gas Futures Tumble To 3-week Low After U.S. EIA Data

Posted: 16 Jun 2011 07:54 AM PDT

Forex Pros – Natural gas futures tumbled on Thursday, falling to a three-week low after the U.S. Energy Information Administration said natural gas inventories rose more-than-expected last week.

On the New York Mercantile Exchange, natural gas futures for July delivery traded at USD4.476 per million British thermal units during U.S. morning trade, tumbling 2.37%.  

It fell as much as 2.63% to USD4.464 per million British … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Steady Around $95

Posted: 16 Jun 2011 07:45 AM PDT

06/16/11 Front month crude prices remained steady this session following a clash between a stronger US dollar, Greek debt concerns, and mixed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – GBP/USD Off 3-week Low After U.S. Economic Data

Posted: 16 Jun 2011 07:44 AM PDT

Forex Pros – The pound pulled away from a three-week low against the U.S. dollar on Thursday, after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.

GBP/USD retreated from 1.6079, the pair’s lowest since May 24, to hit 1.6145 during early U.S. trade, still down 0.30% on the day.

Cable was likely to find short-term support at 1.6056, the low of May 24 and a seven-week low and resistance at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Gold Futures Trim Losses On U.S. Data, Greece Debt Fears

Posted: 16 Jun 2011 07:44 AM PDT

Forex Pros – Gold futures pared losses on Thursday, easing off the daily low as risk aversion eased after stronger than-expected U.S. economic data on first time jobless claims and housing starts.

On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at USD1,529.25 a troy ounce during U.S. morning trade, edging 0.14% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Supreme Court Ruling On Mutual Funds “Smells”

Posted: 16 Jun 2011 07:43 AM PDT

I firmly believe and have often written that "when private capital is not protected by regulators, legislators, the courts, and the executive branch, then that capital will be more expensive to source in the future. More expensive and subsequently less available capital will inhibit an economic recovery."
What part of that basic premise do those running Wall Street businesses and our supposed "protectors of the public interest" not understand? Do we need any more evidence than the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Stock Market Summary For Thursday, June 16, 2011

Posted: 16 Jun 2011 07:30 AM PDT

DJIA and S&P 500 above and have not tested their 200-day moving averages; Nasdaq Composite trading below its 200-day moving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – EUR/USD Pares Back Losses After U.S. Jobs, Housing Data

Posted: 16 Jun 2011 07:23 AM PDT

Forex Pros – The euro pared losses against the U.S. dollar on Thursday, as risk aversion eased after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.

EUR/USD pulled back from 1.4074, the pair’s lowest since May 26, to hit 1.4160 during early U.S. trade, remaining down 0.16% on the day.

The pair was likely to find support at 1.4001, the low of May 24 and resistance at 1.4450, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Trade With Rest Of World Is Always Balanced

Posted: 16 Jun 2011 07:17 AM PDT

In a Tuesday Washington Times editorial “Truth about Trade Deficits and Jobs,” Cato Institute trade specialist Dan Griswold makes the following important point about U.S. trade deficits:

“A trade deficit doesn’t mean that the dollars flowing abroad just disappear. They quickly return to the United States. If they are not used to buy our goods and services to export, they are used to buy American assets — Treasury bills, corporate stock and bonds, real estate and bank deposits. 

In … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

GBP/JPY Tests 129.76 Support In Choppy Range Trading

Posted: 16 Jun 2011 07:14 AM PDT

GBP/JPY's Decline is Intact but Momentum is Suspect (6/13)
GBP/JPY

Short-Term
- The GBP/JPY respected the previous support at 129.76 and is showed a strong bullish candle. 130.70 is the near-term resistance. Above that, the market has the swing high at 131.33 near the 61.8% retrament level.
- In range trading mode, the concept is regression to the mean, and the 200SMA also reflects this near 131.20.
- A rally back towards 132.30 is possible as well especially if the RSI reading in this 1H … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Philadelphia Fed Manufacturing Index Plunges In June

Posted: 16 Jun 2011 07:06 AM PDT

Forex Pros – Manufacturing activity in the Philadelphia-region plunged in June, declining sharply for the third consecutive month official data showed on Thursday.

In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index plummeted to -7.7 in June, compared to May’s reading of 3.9.

Analysts had expected the index to increase to 7.0 in June.

It was the first negative reading since … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Grief In Greece Sends Euro Sharply Lower

Posted: 16 Jun 2011 07:05 AM PDT

Demand for dollars is showing up in European money markets as banks scramble to borrow cheap funds, which in turn is forcing near-term funding costs in the United States. Bankers desperate to remain liquid during the latest phase of the European sovereign debt crisis have forced the value of the dollar to its highest in three weeks, not only on account of its safe haven status, but also now as banks turn to the swaps market to churn whatever source of funding they can back into desperately … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

NXP Semiconductor: Cashing In On Mobile Transactions With Google Wallet

Posted: 16 Jun 2011 07:02 AM PDT

NXP Semiconductor: Cashing In on Mobile Transactions with Google Wallet
by Marc Lichtenfeld, Investment U's Senior Analyst
Thursday, June 16, 2011: Issue #1536
Every so often, when a new technology appears, it becomes blatantly obvious that it will change the way we live, even before it becomes widely adopted.
Anyone who was around during the early days of the automobile had to realize the freedom to move that it would bestow on people.
People paying attention to the beginning of the internet … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Crude Oil Futures Pare Losses After IEA Report

Posted: 16 Jun 2011 06:59 AM PDT

Forex Pros – Crude oil futures pared losses on Thursday, after the International Energy Agency raised its long-term global oil demand forecast, but prices remained pressured by a stronger U.S. dollar. 

On the New York Mercantile Exchange, light, sweet crude futures for delivery in July traded at USD95.11 a barrel during U.S. morning trade, dipping 0.14%.    

It earlier fell as much as 0.95% to trade … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Forex – USD/CAD Eases Off 3-month High After Upbeat U.S. Data

Posted: 16 Jun 2011 06:38 AM PDT

Forex Pros – The U.S. dollar trimmed gains against its Canadian counterpart on Thursday, easing off a three-month high as risk aversion eased after data showed that U.S. housing starts and initial jobless claims came in better-than-expected.

USD/CAD pulled back from 0.9897, the pair’s highest since March 17 to hit 0.9845 during early U.S. trade, still up 0.56% on the day.

The pair was likely to find support at 0.9669, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

EUR/GBP Might Be Due For A Correction After A 5-Wave Decline

Posted: 16 Jun 2011 06:37 AM PDT

EUR/GBP Resumes Bearish Correction after a Sharp Channel Breakout (6/10)
EUR/GBP

Short- Term- EUR/GBP has completed 5 waves down to 0.8720. This looks like it can be an impulse wave, although it can also be a correction 5-wave structure as well.
- In either case, the structure suggests that a correction due. This bullish correction scenario opens up after a break above 0.8785. If this also becomes support, there is a good chance the market an build some strength in the short-term.
- A 50% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Interesting Facts Of The Day About China

Posted: 16 Jun 2011 06:37 AM PDT

1. China will become the second largest consumer market in the world by 2015, behind only the U.S.

2. Wal-Mart is opening one store per week in China. 

3. KFC is opening one store per day in China.

4. IKEA has stopped advertising in China because its stores have become so crowded it’s facing “crowd control” problems. 

 ~James McGregor, author of the book “One Billion Customers: Lessons from the Front Lines of Doing Business in China,” from his interview today on … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

U.S. Dollar Sustains Gains Amid Stronger-than-Expected Housing Data

Posted: 16 Jun 2011 06:22 AM PDT

The Greenback found meaningful follow through on its gains from yesterday as risk-aversion continued to grip the market in the overnight. In fact, the safe haven currencies, the Japanese Yen, the Swiss Franc and the United States Dollar, were all up against their constituents, with the Franc being the strongest of the three funding currencies. While the tone for the North American session was set on the premise that the inflation is being tempered in the Euro-zone and the United Kingdom's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards

Morning Market Brief

Posted: 16 Jun 2011 01:15 AM PDT

06/16/11 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

Mulberry Shares Jump On Profit Surge And Expansion Success

Posted: 16 Jun 2011 01:15 AM PDT

British luxury fashion brand Mulberry (LON:MUL) was the top riser on the Alternative Investment Market this morning after it announced a 358% rise in pre-tax profits to £23.3 million. Shares in the company jumped by 115p to 1450p. Nagging concerns about the state of the global economic recovery failed to dampen the mood, with the company reporting that the new financial year had already seen strong demand in all of its markets.

Sales at Mulberry in the 12 months to the end of March grew by … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards
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