| ADVERTISEMENT <SCRIPT language="JavaScript1.1" src="http://ad.doubleclick.net/adj/N3382.yahoo.comOX2562/B4160537.55;abr=!ie;sz=300x250;click=http://us.ard.yahoo.com/SIG=15mtmjh5s/M=757214.13840971.13863538.1780652/D=fin/S=34589610:LREC/Y=YAHOO/EXP=1281709250/L=f.ONyUwNclIQrveiTFEmegC42UrvyUxlOKIAA8A5/B=XzU0LGKImnI-/J=1281702050287946/K=JDGBvDKwcAzyXPFzdMTHZw/A=5959022/R=1/*;dcopt=rcl;mtfIFPath=nofile;ord=1288806050740"></SCRIPT><NOSCRIPT><A HREF="http://us.ard.yahoo.com/SIG=15mtmjh5s/M=757214.13840971.13863538.1780652/D=fin/S=34589610:LREC/Y=YAHOO/EXP=1281709250/L=f.ONyUwNclIQrveiTFEmegC42UrvyUxlOKIAA8A5/B=XzU0LGKImnI-/J=1281702050287946/K=JDGBvDKwcAzyXPFzdMTHZw/A=5959022/R=2/SIG=134nbtbvm/*http://ad.doubleclick.net/jump/N3382.yahoo.comOX2562/B4160537.55;abr=!ie4;abr=!ie5;sz=300x250;ord=1288806050740?"><IMG SRC="http://ad.doubleclick.net/ad/N3382.yahoo.comOX2562/B4160537.55;abr=!ie4;abr=!ie5;sz=300x250;ord=1288806050740?" BORDER=0 WIDTH=300 HEIGHT=250 ALT="Click Here"></A></NOSCRIPT> |
:
S&P futures vs fair value: -5.90. Nasdaq futures vs fair value: -10.00. Stock futures had been up solidly overnight, but a sharp shift in mood came a few hours ago when Europe's major bourses sold off in the face of stronger-than-exspected GDP figures from Germany, France, and the broader eurozone. The euro also turned lower so that it is now on pace for a 3.7% weekly loss-its worst in three months. Conversely, the dollar continues to attract buyers, such that it is on track for a 2.9% weekly gain-its best move since May. Hong Kong was also out with its latest GDP figures, but its quarter-over-quarter growth was actually less than expected. That weighed on the Hang Seng as the other major averages in Asia staged gains. Following the flurry of foreign data market participants await July CPI and advance retail sales figures for July (8:30 AM ET), a preliminary consumer confidence reading for August from the University of Michigan (9:55 AM ET), and June business inventories (10:00 AM ET). The impact of corporate announcements on the broader market's mood remains moderate, especially as earnings season winds down.
06:52 am :
S&P futures vs fair value: -5.30. Nasdaq futures vs fair value: -9.00.
06:52 am :
Nikkei...9253.46...
+40.90...
+0.40%.
Hang Seng...21071.57...
-34.10...
-0.20%.
06:52 am :
7:57AM Oilsands Quest announces cancellation of sale of oil shale assets to Canshale (BQI) 0.50 : Co announced the cancellation of the previously disclosed sale of its oil shale assets located near Pasquia Hills, Saskatchewan to Canshale Corp. The sale of these assets was conditional upon Canshale raising a minimum of CDN $12.5 million by July 30. As Canshale was unable to secure that financing, the transaction has been cancelled and the oil shale assets continue to be owned by co.
7:30AM Unica: IBM to acquire Unica Corporation for $21/share (UNCA) 9.55 : Co and Unica Corporation announced they have entered into a definitive agreement for IBM to acquire Unica in a cash transaction
at a price of $21/share, or at a net price of ~$480 mln, after adjusting for cash. The acquisition, which is subject to Unica shareholder approval, applicable regulatory clearances and other customary closing conditions, is expected to close in the fourth quarter of 2010.
7:10AM Center Finl: Amends 1Q10 financial statements to address beneficial conversion feature of series B preferred stock (CLFC) 4.67 : Co announces that it filed an amended 10-Q for 1Q10, following a reevaluation of the accounting for the conversion of its Series B Preferred Stock to common shares. Based on the difference between the conversion price of $3.75 per share for its 73,500 Series B Preferred Stock and the $5.23 per share market value of the co's common stock as of December 29, 2009, the beneficial conversion feature had an intrinsic value of $29.0 mln. While net income for the 2010 first quarter remains at $2.8 mln, the beneficial conversion feature reduces net income available to common shareholders by $29.0 mln, resulting in a net loss available to common shareholders of $1.27 per common share. Co notes that it does not impact total shareholders equity.
Today's Highlights
| Company Name | Symbol | EPS Estimate | Call |
| Cameco Corporation Common Stock | CCJ | 0.22 | N/A |
| Fibria Celulose S.A. | FBR | 0.22 | N/A |
| J.C. Penney Company, Inc. Holdi | JCP | 0.05 | Call |
|
| Statistic | For/Time | Actual | Prior |
| CPI | Jul/08:00 AM | - | -0.1% |
| Core CPI | Jul/08:00 AM | - | 0.2% |
| Retail Sales | Jul/08:00 AM | - | -0.5% |
more...
58.88 (0.57%)
Set Alert 
No comments:
Post a Comment