preciseBusiness Video

Analyst Moves: EFX, CVS

Fri, 10 Feb 2012 16:02:48 EST

Equifax (EFX) was upgraded today by Goldman Sachs to buy with a price target of $50 due to improved recent sales. Shares are higher by nearly four tenths of a percent. [Market News Video]

Daily Market Wrap: February 10, 2012

Fri, 10 Feb 2012 15:47:29 EST

Stocks were down today as the situation worsens in Greece. A breakdown in talks dampened hopes of a bailout. [Market News Video]

Petrobras Expected to Report A Decline

Fri, 10 Feb 2012 14:54:12 EST

According to the Wall Street Journal, Brazilian state-run energy giant, Petrobras, is expected to report a year-on-year decline in fourth quarter profits as it bought costlier fuel from abroad to feed strong domestic demand at home in Brazil, Latin America's largest economy. And for all the American investors who made Petroleo Brasileiro, aka Petrobras, one of the most actively traded foreign companies on a US exchange, well, they can put away their portuguese phrase books for now. Petrobras is expected to post a net profit of 9.5 billion Brazilian reais ( equivalent to $6 billion USD) in the fourth quarter, down 10% from 10.6 billion reais in the same period of 2010, according to the median estimate of seven analysts polled by Dow Jones Newswires. The firm has had to increase imports of expensive gasoline and diesel fuel as Brazil's booming economy boosts consumption, although higher domestic fuel prices and a jump in domestic crude oil production is expected to soften the blow. [Financial News Network]

Greek anger causes Wall St. jitters

Fri, 10 Feb 2012 14:32:40 EST

Summary of Business Headlines: Wall Street dives as Greece talks stall; U.S. trade deficit with China soars to record, Americans less optimistic, Znyga and Hasbro team up for toys. [Reuters Business]

Friday Sector Laggards: Metals & Mining, Non-Precious Metals & Non-Metallic Mining Stocks

Fri, 10 Feb 2012 14:17:31 EST

In trading on Friday, metals & mining shares were relative laggards, down on the day by about 3.2%. Helping drag down the group were shares of Usec (USU), down about 11.2% and shares of Uranerz Energy (URZ) off about 5.6% on the day. [Market News Video]

Petrobras Finds New Oil

Fri, 10 Feb 2012 13:48:11 EST

Brazilian energy behemoth, Petrobras, sits on one of the most important oil discoveries of recent years. And the Brazilian government wants to see Petrobras, which it controls, play the leading role in developing the resource. And by spending unprecedented sums on this, the blessing could turn into a curse if the company's projections are off. The concern revolves around the development of the deep-water discovery off Brazil's coast - - the worry is that this project could swallow too big a helping of the $224 billion Petrobras has earmarked for capital investment over the next four years. And even more worrisome -it plans to spend about 95% of that domestically - which is a highly unusual amount of concentration for a publicly traded company. But, Petrobras isn't unique in finding a new oil discovery. Turns out, its peers such as Chevron BP, and Exxon, have all found significant new oil deposits fairly recently. These discoveries have largely been at extreme depths of 30,000 feet or greater. But these finds haven't been big enough to offset their lower production numbers from many existing fields. And while discoveries like this are impressive, theyre also harder to come by and less profitable to bring to market. [Financial News Network]

Daily Dividend Report: UPS, RIG, DOV, RSG, OXY

Fri, 10 Feb 2012 13:47:29 EST

United Parcel Service Incorporated (UPS) announced its quarterly dividend of 57 cents per share, an increase of about 10% over its prior dividend in November of 52 cents. The dividend is payable March 7, 2012, to shareholders of record on February 21, 2012. [Market News Video]

Corporate News: CIE, TRLG, EXPE

Fri, 10 Feb 2012 13:32:22 EST

We have a couple of big movers to talk about this morning. Cobalt International Energy (CIE) stock is up almost 40% on the day. [Market News Video]

Alcatel-Lucent shares jump

Fri, 10 Feb 2012 13:07:12 EST

The Franco-American telecom equipment maker has reported profit for the first time since its merger and announced an intellectual property deal, estimated to be worth 1 billion euros. [Reuters Business]

Friday Sector Leaders: Entertainment, Electric Utilities

Fri, 10 Feb 2012 13:02:55 EST

In trading on Friday, entertainment shares were relative leaders, down on the day by about 0.3%. Leading the group were shares of Lions Gate Entmnt (LGF), up about 8% and shares of Netflix (NFLX) up about 0.6% on the day. [Market News Video]

Kodak Out Of Digital Camera Business

Fri, 10 Feb 2012 11:32:19 EST

Kodak will stop making digital cameras to maintain profitability, but some analysts are calling it the end of an era. [Newsy]

Earnings Roundup: NYX ,LNKD

Fri, 10 Feb 2012 11:02:13 EST

NYSE Euronext (NYX) announced that its fourth quarter profit dropped, mainly do to $46 million in costs related to the failed Deutsche Boerse merger. The company earned $110 million, or 43 cents per share, versus a profit of $135 million, or 51 cents per share, in the same period last year. [Market News Video]

EU demands more from Greece

Fri, 10 Feb 2012 10:32:11 EST

Greece's deal on economic reforms designed to help it secure a second EU bailout has sparked protests on the streets of Athens, but euro zone finance ministers are demanding further action before the aid is released. [Reuters Business]

Data Demand May Boost Cable Installers, Towers

Fri, 10 Feb 2012 09:26:31 EST

Feb. 10 (Bloomberg) -- As wireless carriers expand their network infrastructure to meet consumer demand for data streaming, the capacity investments may benefit fiber-optic cable installers and towers that carry wireless data. Duarte Geraldino reports on Bloomberg Television's 'InsideTrack.' (Source: Bloomberg) [Bloomberg]

Investment bank hurts Barclays, cuts bonuses

Fri, 10 Feb 2012 08:37:12 EST

British bank Barclays ended 2011 with its worst quarter for three years as a sharp fall at its investment banking arm dragged down its annual profit. The bank cut bonuses across the group but CEO Bob Diamond wouldn't reveal what he received. [Reuters Business]

Portugal sees boost in textiles

Fri, 10 Feb 2012 08:27:13 EST

Portugal's textile industry has been getting itself back on track despite years of competition from cheaper Asian countries. Industry players say innovation has helped turn the tide. [Reuters Business]

Patrick Dearborn Realtor

Fri, 10 Feb 2012 08:16:38 EST

2600 Immokalee RoadNaples 34110239-877-4340 [WFTX FOX 4 Cape Coral, FL]

Murdoch Hacking Strategy Decision Backfired

Fri, 10 Feb 2012 07:30:26 EST

Feb. 10 (Bloomberg) -- On May 19, 2011, Rupert Murdoch hosted a dinner party to hash out once and for all how to handle the phone-hacking scandal that had been hanging over the company for months and was suddenly spinning out of control. Murdoch chose that evening to stick to a London-based containment strategy, with News Corp.'s U.K. head Rebekah Brooks supervising it. Nine months later, the consequences of that decision still reverberate, Bloomberg Businessweek's reports in its Feb. 13 issue. Greg Farrell discusses the dinner on Bloomberg Television's 'InsideTrack.' (Source: Bloomberg) [Bloomberg]

What the foreclosure settlement mean to you

Fri, 10 Feb 2012 07:21:25 EST

Liza Fernandez speaks with renowned SWFL foreclosure defense attorney Todd Allen. [WFTX FOX 4 Cape Coral, FL]

Ford Management Changes Include Huntsman

Fri, 10 Feb 2012 06:12:17 EST

News outlets offer analysis on how the decision could affect Ford's role in China. [Newsy]

Mortgage Settlements

Fri, 10 Feb 2012 06:10:02 EST

Attorney General Luther Strange says a 25 billion dollar settlement involving the nation's five largest mortgage lenders provides much needed relief to Alabama borrowers [WAAY ABC Huntsville, AL]

Pentagon Opening More Posts to Women; Stocks Rise

Fri, 10 Feb 2012 05:51:25 EST

Feb. 10 (Bloomberg) -- Jane King summarizes the top stories this morning on the Bloomberg Business Report. (Source: Bloomberg) [Bloomberg]

Schaeuble Said to Say Greece Missing Targets

Fri, 10 Feb 2012 04:56:56 EST

Feb. 10 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin today that Greece is missing its debt-cutting targets, according to two people who took part in the meeting. David Tweed reports on Bloomberg Television's 'The Pulse' with Maryam Nemazee. [Bloomberg]

Asia week ahead

Fri, 10 Feb 2012 03:42:11 EST

An expected spike in new loans in China to cushion slower growth, yuan monitored as Vice President visits U.S. while Bank of Japan meets on back of bad Q4 news for economy. [Reuters Business]

Apabhai Favors Asia Financial, Material, IT Stocks

Fri, 10 Feb 2012 03:02:50 EST

Feb. 10 (Bloomberg) -- Mohammed Apabhai, head of Asia trading strategy at Citigroup Inc., talks about his investment strategy. He also discusses China's economy and Europe's sovereign debt crisis. He speaks with John Dawson, Susan Li, Zeb Eckert and David Ingles on Bloomberg Television's 'Asia Edge.' (Source: Bloomberg) [Bloomberg]

Greek Debt-Swap Deal Expected by Monday

Fri, 10 Feb 2012 02:10:53 EST

Feb. 10 (Bloomberg) -- Carsten Brzeski, an economist at ING Group, talks about the outlook for an agreement on private bondholder losses on Greek debt. He speaks from Brussels with Caroline Hyde on Bloomberg Television's 'First Look.' (Source: Bloomberg) [Bloomberg]

Diamond Foods Accounting Probe Results To Be Announced Soon

Fri, 10 Feb 2012 01:26:13 EST

Diamond Foods' (NASDAQ:DMND) audit committee is supposed to complete the results of its probe into the company's accounting methods within the next week or two.Last month, Diamond announced that the committee's investigation into payments made by the company to its walnut growers would be completed by the middle of February.In a note to investors on February 7, Deutsche Bank (NYSE:DB) predicts that Procter & Gamble (NYSE:PG) will not commit to the sale of its Pringles unit to Diamond until the SEC and Department of Justice finish their own probes into accounting issues of Diamond Foods.Diamond Foods (NASDAQ:DMND) has potential upside of 59.3% based on a current price of $37.11 and an average consensus analyst price target of $59.1. [Financial News Network]

Keep student loans from crippling your finances

Fri, 10 Feb 2012 00:21:38 EST

There are programs and options to avoid defaulting on those mountainous student loans. [KNXV ABC 15 Phoenix, AZ]

Second largest settlement in Idaho history

Fri, 10 Feb 2012 00:00:56 EST

When the bank foreclosed upon Eagle's Tricia Thomas, she'd just divorced her husband, enrolled as a full-time student without a job and set out to raise a 1 year old and a 9 year old on her own. [KIVI Boise, ID]

Un plan para la reduccion de un plan de la hipoteca

Thu, 09 Feb 2012 23:06:00 EST

Washington DC (EVC) El gobierno anuncio hoy un compromiso historico que ayudara a miles de dueños de viendas victimas de prestamos predatorios. [WFDC Washington DC]