July 24, 2011Following the EU Summit last week, we had a surge in the Euro from euphoria. Several of the steps taken look to be promising, but the agreement will not act as a panacea, and has several problems that need to be dealt with. If not, then the steps taken can still bring the European financial [...]
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July 23, 2011Forexpros – U.S. stocks were mixed after the closing bell on Tuesday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.73%, the S&P 500 index shed 0.41%, while the Nasdaq 100 index climbed 0.22%. Earlier in the day, official data showed that new home sales in the U.S. fell unexpectedly to [...]
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July 23, 2011Forexpros – Last week saw the pound ease back against the U.S. dollar on Friday, but remain well supported close to a five-week high, as an agreement on a second bailout package for Greece bolstered market sentiment. GBP/USD hit 1.4437 on Friday, the pair’s highest since July 6; the pair subsequently consolidated at 1.4355 by [...]
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July 22, 2011Advanced Micro Devices (NYSE:AMD) reported first quarter earnings of 9 cents per share, beating the Zacks Consensus Estimate by a penny. AMD’s revenues in the last quarter came in at $1.57 billion, down 2.4% and 4.8% from the previous and year-ago quarters, respectively. This was better than normal seasonality, although it may be considered to [...]
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July 21, 2011Dover Corp. (NYSE:DOV) reported its second quarter earnings posting an EPS of $1.31, up from 91 cents in the year-earlier quarter. Excluding the charge of 12 cents pertaining to tax benefits, adjusted EPS increased 31.0% year over year to $1.19, outperforming the Zacks Consensus Estimate of $1.13. Total revenue as Dover reported was $2.16 billion [...]
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