Daily Markets - Financial News And Opinions |
- T-Mobile US Touts 3G Plan
- Morning Stock Market Movers: Adobe Systems, Genzyme, Devon Energy
- Encouraging Data On PTIE Drug
- World’s 1st 4G Phone Launched
- Mutual Funds: Top 4 China Funds
- Cyclacel Posts Wider Loss
- Vornado Offers Unsecured Notes
- PXD Scores Success At Eagle Ford
- Durable Goods Orders Up
- Video: Asian Markets Mostly Flat
- Euro Falls As Greece Pushed Toward IMF
- Australian Dollar: The Downside Prevails
- Canadian Dollar: Under Pressure
- ATS Medical Receives Approval
- Forex Trading: Portugal’s Credit Downgrade Sends Euro Lower
- Wells Fargo Vends $1.25B Notes
- Forex Trading: USDJPY Corrects After Dismal New Home Sales But Holds Above Key MA Support
- Preferred Stock ETFs Continue Winning Streak
- Video: NYSE Opening Bell Market Monitor: LEN, MF, S
| Posted: 24 Mar 2010 09:46 AM PDT T-Mobile USA, the US subsidiary of German telecom giant Deutsche Telekom (NYSE:DT), announced a major upgrade to its nationwide 3G mobile broadband network. At the CTIA wireless conference in Las Vegas, the fourth-largest national carrier revealed its plans to expand its HSPA+ standard based 3G network footprint through 2010. The operator plans to cover more than 100 metropolitan areas with HSPA+ by the end of 2010 addressing roughly 185 million Americans. The carrier has conducted live … [visit site to read more]
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| Morning Stock Market Movers: Adobe Systems, Genzyme, Devon Energy Posted: 24 Mar 2010 09:38 AM PDT Genzyme Corp. (NASDAQ:GENZ) - Options players took advantage of the sharp increase in options implied volatility on the world’s largest producer of enzyme-replacement therapies this morning by selling strangles in the May contract. Implied volatility on Genzyme jumped on news the U.S. Food and Drug Administration is mandating additional inspection of the firm’s facilities following contamination at its Allston Landing plant last June. The FDA is likely to require a third party inspection and … [visit site to read more]
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| Posted: 24 Mar 2010 09:31 AM PDT Pain Therapeutics, Inc. (NASDAQ:PTIE) recently presented encouraging data on its metastatic melanoma candidate, PTI-188. The company said that the administration of a single dose of PTI-188, a radio-labeled monoclonal antibody, resulted in the stabilization or decrease in the size of a number of melanoma tumors.
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| Posted: 24 Mar 2010 09:16 AM PDT Sprint Nextel (NYSE:S) has officially introduced the world's first 4G handset at the CTIA wireless conference in Las Vegas on Mar 23, 2010. Made by Taiwanese handset giant HTC, the feature-rich device, dubbed "HTC EVO 4G”, will be exclusively launched on the carrier's 4G network in the summer of 2010, culminating the prolonged wait for a 4G handset. Sprint will reveal pricing information later. The dual-mode (3G/4G capable) smartphone, originally codenamed HTC Supersonic, will run … [visit site to read more]
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| Mutual Funds: Top 4 China Funds Posted: 24 Mar 2010 09:03 AM PDT The global recession has left China virtually unscathed. It has continued to grow at an impressive pace of around 8.7% and is looking to achieve a similar figure next year. Significant increases in government spending and sufficient liquidity provided by the banking sector have made major contributors to the nation's prosperity. Large inflows of foreign investment and a robust domestic market are other factors which make China an attractive investment destination. Mutual funds are a superior … [visit site to read more]
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| Posted: 24 Mar 2010 09:01 AM PDT Cyclacel Pharmaceuticals, Inc.'s (NASDAQ:CYCC) fourth quarter fiscal 2009 net loss per share came in at 18 cents, wider than the Zacks Consensus Estimate by a penny. The year-ago loss was 39 cents. The year-over-year decline in loss for the reported quarter was attributable to lower operating costs. For the full-year 2009, Cyclacel suffered a loss of 88 cents as against a loss of $1.98 recorded in 2008. The Zacks Consensus Estimate for 2009 was for a loss of 87 cents. Total revenue … [visit site to read more]
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| Vornado Offers Unsecured Notes Posted: 24 Mar 2010 08:45 AM PDT Vornado Realty Trust (NYSE:VNO), one of the largest real estate investment trusts (REITs) in the U.S., has recently announced an offering of $500 million aggregate principal amount of 4.25% senior unsecured notes due April 1, 2015. The debt offering is expected to raise net proceeds of approximately $496 million, which would be primarily used for general corporate purposes. Vornado has priced the notes at 99.83% of the face amount to yield 4.29%. Banc of America Securities LLC, the … [visit site to read more]
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| PXD Scores Success At Eagle Ford Posted: 24 Mar 2010 08:30 AM PDT Pioneer Natural Resources Company (NYSE:PXD), a Texas-based independent oil and gas exploration and production company, continues its successful Eagle Ford Shale ("EFS”) drilling program. The company yesterday announced its third successful well (the Charles Riedesel GU 1-1 well) in this play. Initial production rate from this well was 15.7 million cubic feet of gas equivalent per day (MMcfe/d). This consists of approximately 11.6 million cubic feet of gas per day (MMcf/d) and 680 … [visit site to read more]
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| Posted: 24 Mar 2010 08:24 AM PDT New Orders for Durable Goods rose by 0.5% in total in February, on top of gains of 3.9% in January and 1.8% in February. The January number was revised sharply higher from the previously reported 3.0%. While that appears to be a serious slowdown from the January pace, the January strength was all in the extremely volatile transportation equipment area. A few orders for 787s from Boeing (NYSE:BA) or for F-22's from Lockheed Martin (NYSE:LMT) can swamp the information coming from many smaller-ticket … [visit site to read more]
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| Video: Asian Markets Mostly Flat Posted: 24 Mar 2010 08:23 AM PDT Asian markets were mostly trading flat this session following slight gains in commodity-related stocks. … [visit site to read more]
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| Euro Falls As Greece Pushed Toward IMF Posted: 24 Mar 2010 08:19 AM PDT The dollar gained ground across the board as the news hit that the IMF will be brought in to help rescue Greece. The dollar was also helped by data which showed existing housing sales fell by less than expected in February. We will get additional news on the status of the US economy today, with the release of durable goods and new home sales numbers for February. We will get a rate decision by the Norwegian central bank today, which could stoke calls for higher rates here in the US. But the big … [visit site to read more]
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| Australian Dollar: The Downside Prevails Posted: 24 Mar 2010 08:17 AM PDT |
| Canadian Dollar: Under Pressure Posted: 24 Mar 2010 08:17 AM PDT |
| Posted: 24 Mar 2010 08:15 AM PDT ATS Medical, Inc. (NASDAQ:ATSI) recently received the Health Canada-Medical Device Bureau, Therapeutic Products Programme's approval for commercialization of the ATS Simulus Annuloplasty Product Line for valve repair in Canada.
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| Forex Trading: Portugal’s Credit Downgrade Sends Euro Lower Posted: 24 Mar 2010 08:05 AM PDT A downgrade of Portugal’s credit rating broke the Euro sharply lower overnight, putting pressure on higher yielding stock equities, gold and crude oil. Shortly before the opening, these three major asset classes are trading lower but have not reacted nearly as much as one would have assumed following the news that the fiscal crisis is spreading throughout Europe. This news may have already been priced into the market, but with the June Dollar Index making a new high as demand picks up for … [visit site to read more]
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| Wells Fargo Vends $1.25B Notes Posted: 24 Mar 2010 08:00 AM PDT Moving ahead with its debt restructuring strategies, on Tuesday, Wells Fargo & Co. (NYSE:WFC) sold $1.25 billion of senior notes, according to IFR, a Thomson Reuters service.
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| Forex Trading: USDJPY Corrects After Dismal New Home Sales But Holds Above Key MA Support Posted: 24 Mar 2010 07:50 AM PDT The USDJPY surge higher was slowed on the back of the dismal US New Home Sales. Sales fell to an annualized rate of 308,000, the lowest pace record. Moreover the supply of homes rose back up to 9.2 months. A normal market has supply at 5-6 months.
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| Preferred Stock ETFs Continue Winning Streak Posted: 24 Mar 2010 07:41 AM PDT Recent growth in the ETF industry has been due in large part to surges in popularity of asset classes to which many investors would otherwise have fairly limited access. Exchange-traded commodity products have seen billions of dollars in cash inflows, as have fixed income and currency funds. While the number of ETFs offering exposure to preferred stock can still be counted on one hand, this corner of the ETF industry has witnessed tremendous growth as well, as investors have embraced ETFs as a … [visit site to read more]
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| Video: NYSE Opening Bell Market Monitor: LEN, MF, S Posted: 24 Mar 2010 07:29 AM PDT The latest in news, commentary, and information on what’s moving the US equities markets. … [visit site to read more]
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