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 | Korean steel maker, POSCO (NYSE:PKX) signed an agreement with the creditors of Daewoo International Corp., an energy developing company, for the acquisition of a 68% stake (or 68.7 million shares) by the end of September 2010. The transaction value of KRW 3.37 trillion is 2.5% lower than POSCO?s original offer of KRW 3.46 trillion. [...] |
| Cisco Systems (NASDAQ:CSCO) recently announced that it agreed to acquire privately held Arch Rock Corp., which specializes in wireless network equipment for smart grids. Cisco did not say how much it was paying for the company. The networking giant said the acquisition would help it beef up its IP-based, end-to-end smart grid offerings, adding that [...] |
| SunPower Corp. (SPWRA) announced that it will receive a $ 1.8 million grant, allowing it to explore photovoltaic (PV) energy storage for large commercial applications. This grant from the California Solar Initiative Research, Development, Deployment and Demonstration (CSI RD&D) Program was approved by the California Public Utilities Commission (CPUC) in its second round of funding. [...] |
| Throughout today\\'s Fed\\'s Beige Book prepared at the Federal Reserve Bank of Minneapolis it has been attested across all twelve Federal Reserve Districts that economical growth expansion remains spotted but lost considerable pace compared to the past periods and that general conditions are mixed.Howe... |
| AUD/USD (a 4-hour chart of which is shown) as ofWednesday (9/08/2010) has resumed its bullish stance, after a bearish pullback, to approach the last major resistance high around 0.9220 reached in early August. This occurs within the context of a general uptrend extending from the June low. For more AUD/USD forex technical analysis, please click here.James Chen, CTA, CMT
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| Renewed demand for risky assets is helpingto drive the December Treasury Bonds lower. Technically the T-Bonds may havemade a secondary lower top on Tuesday after testing the retracement zone at13303 to 13322. The actual rally to 13312 completed a 50% retracement of the13519 to 13012 range.If a secondary lower top has been formedand appetite for risky assets continues to grow, then look for this market tobreak lower. A trade through 13012 will not only take out a swing bottom toturn ... |
| Ahead of the release of this afternoonsFederal Reserve Beige Book, the U.S. Dollar is trading weaker against mostmajor currencies. This report shouldnt be a market mover, but traders shouldread it to gain a little more knowledge into what the Fed looked at when itmade its recent Federal Open Market Committee decisions.The Japanese Yen is under pressure versusthe U.S. Dollar at the mid-session after rising to a 15-year high against theGreenback. Strong moves in the equity markets are ... |
| FXstreet.com (Córdoba) ? The Dollar rose slightly, trimming losses after the released of the FED?s...
For more information, read our latest forex news. |
| Mylan Inc. (NYSE:MYL) recently announced the completion of the acquisition of privately held Bioniche Pharma Holdings Ltd for $550 million in cash. The company added that the acquisition, which was announced in mid-July, was completed earlier than expected. The deal gives Mylan a direct entry into the North American injectable drugs market, and should [...] |
| Illinois Tool Works Inc. (NYSE:ITW) recently acquired Bremergarten-based developer and manufacturer of high quality thermal food service equipment, Elro Group. The terms of the transaction were not disclosed. The acquired company, founded in 1934, employs roughly 200 employees and will operate as a separate business entity under Illinois Tool?s Food Equipment Group. The acquisition [...] |
| Markets in general and currency markets in specific witness big heading towards high yielding assets as a result of boosted confidence within investors. The confidence boost came from Europe as the Polish and Portuguese governmental bonds witnessed strong demand.The U.S economy\\'s economic calendar r... |
| “Although anyone can randomly make a profit by sheer luck, in reality, making consistent profits from the markets isn’t a trivial task. It requires level-headed professional behavior executing a reliable trading system with profitable expectation.†– Mark Jurik Hello: This is an update on some of the movements on the markets and what I’m doing [...] |
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| Technology and solutions provider NCR Corp. (NYSE:NCR) announced that it will offer a software security solution to UniCredit Bank?s multivendor automated teller machines (ATMs). Financial details of the deal were not disclosed. UniCredit Bank, the leading financial services provider in Russia, will deploy NCR Corp.?s ?Solidcore Suite for APTRA? in all its branches to [...] |
| Yesterday, Morgan Stanley (NYSE:MS) announced that Ms. Sophia Drossos has been appointed as a senior investor of the company?s Investment Management unit. Though, the news was announced through Morgan Stanley?s internal memo yesterday, the appointment had been made on August 16. The memo also stated that Mr. Edward Riguardi has become a member of [...] |
| Enterprise Products Partners, L.P. (NYSE:EPD), a leading master limited partnership (MLP), and Enterprise GP Holdings, L.P. (NYSE:EPE) have joined hands for a definitive unit-for-unit merger agreement. With this agreement, EPD?s long-term cost of capital will be lower and its organizational structure will be simplified. The deal is expected to be completed in the fourth quarter [...] |
| Telecommunications network specialist Ciena Corp. (NASDAQ:CIEN) reported third quarter fiscal 2010 loss of $16.7 million or 18 cents per share (including Nortel?s assets), which increased from a loss of $13.4 million or 15 cents in the year-ago quarter. Earnings include stock based compensation charges but exclude one time items such as amortization of intangibles, fair [...] |
| A joint venture between Hormel Foods Corporation (NYSE:HRL) and Mexico-based Herdez Del Fuerte, S.A. de C.V. named MegaMex Foods LLC decided to acquire Don Miguel Foods Corp. entirely from TSG4 L.P., a private equity fund sponsored by TSG Consumer Partners LLC, and private investors. The transaction is expected to conclude by October 2010. The [...] |
| UDR Inc. (NYSE:UDR), a leading multifamily real estate investment trust (REIT), has recently announced plans to offer 13.5 million common shares to raise cash. The company will also grant the underwriters an option to purchase an additional 2.0 million shares to cover any over-allotments. BofA Merrill Lynch, the investment banking and wealth management division of [...] |
| ProLogis (NYSE:PLD), a leading global provider of distribution facilities, recently signed a new lease agreement for about 328,000 square feet at its newly developed distribution facility in Japan. The deal was signed with Hitachi Collabonext Transport System Co., Ltd., a subsidiary of Hitachi Transport System, Ltd., a premier third-party logistics provider in the country and [...] |
| From today’s Washington Post, a good example of the Law of Uninteded Consequences: “During the recession, political and business leaders have held out the promise that American advances, particularly in green technology, might stem the decades-long decline in U.S. manufacturing jobs. But as the lighting industry shows, even when the government pushes companies toward environmental [...] |
| FXstreet.com (Buenos Aires) ? Canadian dollar continues gaining against greenback, with the pair...
For more information, read our latest forex news. |
| The BOC raised its policy rate by +25 bps, taking the overnight target rate to 1%, in September. While it\'s the third consecutive hike since the central bank resumed the tightening cycle in June, financial conditions in Canada remained \'exceptionally stimulative\' and is consistent with BOC\'s 2% inflation target. The |
| FXstreet.com (Buenos Aires) ? Major crosses had entered in a quiet consolidative stage after London...
For more information, read our latest forex news. |
| Double-dip recessions are rare. Is the current growth scare different? Sushil Wadhwani warns against delaying policy action, which cost Japan dear |
| Business and credit information provider Equifax Inc. (EFX) is expanding its business operations in India. The company has made necessary arrangements to provide detailed credit information to its clients, by gathering relevant credit data from some of the largest banking and financial institutions of the country. The company has entered into a joint venture [...] |
| CTS Corp. (NYSE:CTS) designs, manufactures, assembles and sells a broad line of electronic components and sensors. The firm also provides electronics manufacturing services primarily to original equipment manufacturers (OEMs) for the automotive, computer, communications, medical, industrial and defense and aerospace markets. The firm was established in 1896 as a provider of high-quality telephone products, and [...] |
| As expected, Altera Corporation (NASDAQ:ALTR) recently upgraded its guidance for the third quarter of 2010. Altera now expects revenues to grow 10% ? 14% sequentially, up from the prior guidance of 4% ? 8%. The new guidance implies revenues between $516.2 million and $535.0 million, compared with the earlier guidance of $488.0 ? $506.8 million. [...] |
| The euro recovered from losses and rose against the dollar and the yen on Wednesday after Ireland\'s finance ministry said nationalized lender Anglo Irish Bank will be split into a funding bank and an asset recovery bank to wind down its assets. |
| FXstreet.com (Córdoba) ? AUD/USD rose barely above Monday highs and reached at 0.9192, a 4-week...
For more information, read our latest forex news. |
| The resistance outlined in an earlier post (click here) held at the 107.13/21 area and the price has rotated back lower. The target support comes in at the 106.59 level. Below that 106.48 where a ?Remembered Line? and 100 bar MA on 5 minute chart is … [visit site to read more] |
| Wednesday, September 08, 2010 11:38:27 AM Fuel M/M: -0.1% v 0.2%e - (RU) Russia July Trade Balance: $13.1B v $12.5Be - (CA) Canada July Building Permits M/M: % v -4.9%e v 6.5% prior - (US) Redbook Retai
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| BioSphere Medical (NASDAQ:BSMD) — and not cancer treatment specialist BSD Medical (NASDAQ:BSDM), as was earlier reported erroneously — has reportedly reached a settlement with shareholders, who filed a lawsuit to block its proposed merger with Utah-based medical product maker Merit MedicalSystems Inc. (NASDAQ:MMSI). Merit Medical agreed to acquire BioSphere on May 13, 2010, for roughly [...] |
| The largest Brazilian aircraft manufacturer, Empresa Brasileira de Aeronautica S.A. (NYSE:ERJ) ? Embraer, is in talks with the Colombian government to deliver KC-390 defense aircraft. In August, Embraer signed an agreement with the Chile’s National Aeronautical Enterprise (Empresa Nacional de Aeronautica – ENAER) to deliver KC-390 military transport jet. In July, the Brazilian Air [...] |
| FXstreet.com (Córdoba) ? GBP/USD broke above 1.5500 and jumped to 1.5532, hitting the highest price...
For more information, read our latest forex news. |
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| Fundamentals Ignoring the benefits of grass fed beef, commodity bulls are feasting on Corn futures once again, as prices have risen to their highest levels in nearly 2 years. Recent gains can be attributed to some private forecasts calling for lower than anticipated Corn yields this year. This past Friday, Informa Economics estimated 2010 U.S. [...] |
| Sep 8 (global-view.com) UPCOMING DATA HIGHLIGHTS: The Far East will see key Australian jobs data on Thursday. In Europe, the latest Bank of England policy decision is due. No rate change is expected. In North America, U.S. and Canadian trade figures are awaited. Also U.S. weekly jobless claims statistics, crude and natural gas inventories are slated. A 30-yr auction is due as well.,Rates (0.50%)unchunch12:30CATrade C$bn Juln/a-1.1312:30USTrade bn Jul-47.3-49.912:30USWKInit
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| We are downgrading our recommendation on Hudson City Bancorp Inc. (NASDAQ:HCBK) to Underperform from Neutral. Though a solid business model and strong capital levels are the upsides, we believe that the elevated levels of credit metrics remain a concern for the company. The recent regulatory moves are also expected to create pressure on Hudson [...] |
| Simultaneous Release at TheGeekKnows.com – Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas. It is mid week! You know what you need to do… be green for the week with pips! Yesterday saw trouble brewing for the Euro Zone. Investors were worried that due to the large amount of sovereign debt [...] |
| Medtronic (NYSE:MDT), one of the largest medical devices company, has received CE Mark approval for its next generation CoreValve delivery system, which is AccuTrak technology-enabled. This technology provides physicians to conveniently place the device, which is crucial for implant procedures. Subsequent to this approval, the company launched the product. Earlier, in March 2007, the original [...] |
| LM Ericsson Telephone Co. (NASDAQ:ERIC) and Motorola Inc. (NYSE:MOT), through its Motorola Solutions business unit, have entered into an alliance to provide the next generation of mobile communication technology, LTE. Through this alliance, the companies aim to extend a safe communication system to the public using mobile broadband, providing a high speed and safe internet [...] |
| FXstreet.com (Córdoba) ? Dollar reached a fresh intra-day high against the Yen at 84.05. USD/JPY...
For more information, read our latest forex news. |
| Lately we’ve been hearing a lot of talk about Kondratieff cycles, Elliot Wave super cycle, end of the world, deflation, deflation, deflation. What the deflationists fail to acknowledge is that in a purely fiat monetary system deflation is a choice not an inevitability. To put it in simple terms, if a government is willing to sacrifice [...] |
| If our Founding Fathers were alive today, what would they think of America? Surely they would be very proud that the United States stretches from the Atlantic to the Pacific and has built some of the most amazing cities that the world has ever seen. They would probably be surprised that the country they founded [...] |
| While most traders pay much more attention to gold, silver is trying to vie for their attention currently. While gold rallied into a known resistance area recently, silver quietly broke to new recovery ? and new 52-week highs. The question now remains ? is the breakout real or just a trap? Let?s start with the [...] |
| FXstreet.com (Barcelona) - The Euro is trying to regain some of the ground lost during the past two...
For more information, read our latest forex news. |
| China National Offshore Oil Corporation (?CNOOC?), the parent company of CNOOC Limited (NYSE:CEO), signed amended production sharing contracts (PSCs) with Chevron Corporation (NYSE:CVX) and BP Plc (NYSE:BP) for three deepwater blocks 42/05, 64/18 and 53/30 in South China Sea. These deals were signed by CNOOC following Devon Energy Corporation?s (NYSE:DVN) withdrawal from the South China [...] |
| Vodafone Group Plc (NYSE:VOD), the largest revenue generating international wireless carrier, announced the sale of its entire 3.2% stake in China Mobile (NYSE:CHL) for £4.3 billion ($6.6 billion). China Mobile is the world?s largest mobile operator by market capitalization and subscribers. The sale is a part of Vodafone?s new strategy announced in July to [...] |
