Daily Markets - Financial News And Opinions

---

• U.S. Cellular Misses
• Savings Rate Falls As PCE Jumps
• Thermo Fisher Acquires Ahura
• Cartoon: Understanding The “Plan” For Regulation
• New Target Date For ALKS Drug
• Forex Trading: GBPUSD Holds 1.4880 Support And Moves Aggresively Through 1.4943 Resistance
• Golar Swings To Profit
• Australian Dollar: Bounce
• Canadian Dollar: Bounce
• Bond Investing - Your Last Opportunity To Make A Fortune From Bonds
• ProLogis Increases Stake In PEPR
• EU To OK Orange/T-Mobile Merger
• Video: NYSE Opening Bell Market Monitor: AIG, MIL, MXB
• Forex Trading: EURUSD Falls Sharply And Moves Toward Key Support At 1.3444-51
• Stronger Label For BIIB’s Tysabri

U.S. Cellular Misses Posted: 01 Mar 2010 09:13 AM PST U.S. Cellular (NYSE:USM), the wireless subsidiary of Telephone and Data Systems (NYSE:TDS), reported fourth quarter 2009 results with earnings per share (EPS) of 14 cents missing the Zacks Consensus Estimate of 21 cents. Earnings were hurt by impairment charges of $14 million.   The Chicago-based carrier reported a net income of $12.4 million for the quarter compared to a net loss of $200.1 million (or $2.29 per share) reported a year ago. The year-ago quarter's bottom-line was hit by … [visit site to read more]

Savings Rate Falls As PCE Jumps Posted: 01 Mar 2010 09:00 AM PST In January, Personal Income rose by 0.1%, a slowdown from the 0.3% increase in December (which was revised down from a 0.4% increase) and 0.4% in November. The Personal Income number was well below expectations for a 0.4% increase. Disposable personal income, or after-tax income, fared even worse, suffering a 0.4% decline. That reversed a 0.4% increase in December. Prior to January, we had been seeing a nice trend in disposable personal income, with increases of 0.5% in November and 0.4% in … [visit site to read more]

Thermo Fisher Acquires Ahura Posted: 01 Mar 2010 08:57 AM PST Thermo Fisher Scientific, Inc. (NYSE:TMO) recently completed the acquisition of Ahura Scientific for $145 million in cash plus the potential for an earn-out payment based on the achievement of certain 2010 financial targets. Thermo Fisher has now decided to integrate Ahura into its Analytical Technologies Segment. Ahura Scientific is a leader in handheld Raman and FT-IR (Fourier-transform infrared) spectroscopy instruments that are used globally in the identification of chemicals for safety, … [visit site to read more]

Cartoon: Understanding The “Plan” For Regulation Posted: 01 Mar 2010 08:45 AM PST Source: Tom Toles, February 28, … [visit site to read more]

New Target Date For ALKS Drug Posted: 01 Mar 2010 08:40 AM PST Recently, the U.S. Food and Drug Administration (FDA) announced that inclement weather has forced the agency to delay the review of the new drug application (NDA) of the type II diabetes candidate, exenatide once-weekly.   Exenatide once-weekly is co-developed by Alkermes Inc. (NASDAQ:ALKS), Eli Lilly (NYSE:LLY) and Amylin Pharmaceuticals Inc. (NASDAQ:AMLN). The U.S. agency has set March 12, 2010 as the new target date. Originally, the FDA was scheduled to decide on the drug by March 5, … [visit site to read more]

Forex Trading: GBPUSD Holds 1.4880 Support And Moves Aggresively Through 1.4943 Resistance Posted: 01 Mar 2010 08:23 AM PST The GBPUSD corrected down to an intraday support level at the 1.4880 level (low reached 1.4879) and bounced (see earlier post).  The move higher moved aggresively though the 1.4943 fibonacci retracement area and moved up toward the next target ressitance at the 100 hour MA and the 50% retracement at the 1.4993 level.  The high has reached 1.4981 so far.  Look for continued resistance against this key intraday level as low risk sellers take advantage of the 100 bar MA and 50% … [visit site to read more]

Golar Swings To Profit Posted: 01 Mar 2010 08:23 AM PST Golar LNG Ltd. (NASDAQ:GLNG) reported its fourth quarter results on Friday. The company swung to a net income of $17.4 million, from a net loss of $1 million in the previous quarter. Excluding certain special items, earnings per share came in at 19 cents during the quarter, which easily topped the Zacks Consensus Estimate of 13 cents.   Golar is a mid-stream LNG company engaged in the acquisition, ownership, operation and chartering of LNG carriers and floating storage re-gasification units … [visit site to read more]

Australian Dollar: Bounce Posted: 01 Mar 2010 08:17 AM PST Update on supports and resistances. … [visit site to read more]

Canadian Dollar: Bounce Posted: 01 Mar 2010 08:17 AM PST Update on supports and resistances. … [visit site to read more]

Bond Investing - Your Last Opportunity To Make A Fortune From Bonds Posted: 01 Mar 2010 08:17 AM PST By Tom Dyson I called it the “the Golden Age of Bond Investing.” In early 2009, the stock market was collapsing, the economy was contracting, the Fed was pumping money into the markets, and the government was rescuing the banking system. While everyone else was panicking into gold and cash, I recommended you load up with bonds. I figured commodities and stocks would be terrible investments as the world economy contracted. But as long as America stayed solvent, bonds would be great … [visit site to read more]

ProLogis Increases Stake In PEPR Posted: 01 Mar 2010 08:06 AM PST ProLogis (NYSE:PLD), a leading global provider of distribution facilities, recently increased its stake in ProLogis European Properties (PEPR), the largest owner of modern distribution facilities in Europe. Operating as a real estate closed-ended investment fund, PEPR is externally managed by a subsidiary of ProLogis. Management firmly believed that current PEPR unit prices were relatively low and did not reflect its true potential, thereby making it an attractive investment opportunity. … [visit site to read more]

EU To OK Orange/T-Mobile Merger Posted: 01 Mar 2010 07:50 AM PST The proposed merger of the UK units of European telecom giants Deutsche Telekom (NYSE:DT) and France Telecom (NYSE:FTE) in a 50-50 joint venture is set to gain clearance from the European Commission, the executive body of the European Union (EU). The commission has reportedly agreed to approve the deal with a ruling is expected in the near future. Moreover, the European commission decided to fast-track the merger after overcoming concerns of the UK antitrust watchdog "Office of Fair Trading (OFT)” … [visit site to read more]

Video: NYSE Opening Bell Market Monitor: AIG, MIL, MXB Posted: 01 Mar 2010 07:35 AM PST The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]

Forex Trading: EURUSD Falls Sharply And Moves Toward Key Support At 1.3444-51 Posted: 01 Mar 2010 07:34 AM PST The EURUSD is falling sharply once again and moves toward the double bottom support area at the 1.3444-51 area.  A break of this level will next target the 1.3423 level which was the low from May 18th.  On the topside, resistance now comes in at the 1.3506 level (original low for the … [visit site to read more]

Stronger Label For BIIB’s Tysabri Posted: 01 Mar 2010 07:33 AM PST The US Food and Drug Administration (FDA) recently issued a notice on its website regarding the risk of developing progressive multifocal leukoencephalopathy (PML) with increased use of Tysabri. Tysabri, which is marketed by Biogen Idec (NASDAQ:BIIB) and Elan Corp. (NYSE:ELN), is approved in the U.S. for the treatment of relapsing forms of multiple sclerosis (MS) and moderately to severely active Crohn’s disease. The decision to update the safety information on Tysabri's label is based on reports of … [visit site to read more]

You are subscribed to email updates from Daily Markets To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610