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👤Don Bennett
🕔July 7, 2016
The recent downgrade in Australia’s Credit Rating outlook has changed from stable to negative by S&P Global Ratings causing a major decline in the Aussie Dollar against its major rivals. According to S&P, there is one-third chance of lowering the rating further in the next two years unless necessary actions are being taken by the parliament to improve their budget position.…
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EURUSD technical outlook
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👤Don Bennett
🕔July 7, 2016
Key Resistance: 1.1616 (High of 3rd May)
Selling Zone: 1.12300; Broken trend line which turned into resistance
Minor Support: 1.09120; low of 24th June
Figure: EURUSD technical analysis, daily
The EURO has suffered huge drawdown against the mighty dollar in the event of a major economic news release on 24th June; 2016.The medium-term uptrend in the daily chart of the EURUSD pair tends to be at risk since the price has clearly broken the trend in the daily time frame.…
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👤Don Bennett
🕔February 23, 2015
Canadian National (NYSE:CNI) saying its labor negotiations with Unifor have reached an impasse after almost six months of bargaining, urged the union to accept that binding arbitration is the best way to settle their outstanding contractual differences. Barring such an agreement over the weekend, CN will exercise its right under the Canada Labour Code to lockout Unifor’s 4,800 members at CN on Monday, February 23.…
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👤Don Bennett
🕔February 23, 2015
Hain Celestial (NASDAQ:HAIN) has announced the acquisition of Belvedere International, a health and beauty care products maker. The Live Clean brand is the leading natural hair care and baby care brand in Canada. In calendar year 2014 Belvedere had approximately $25M in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2016.…
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👤Don Bennett
🕔February 23, 2015
HeartWare International (NASDAQ:HTWR) is going to issue a voluntary Urgent Medical Device Recall in the United States related to older HeartWare Ventricular Assist System Controllers, which were distributed in the U.S. during the clinical trial period prior to FDA approval in 2012.…
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👤Don Bennett
🕔February 23, 2015
Priceline (NASDAQ:PCLN), Nordstrom (JWN), Intuit (INTU), and Angie’s List (ANGI) were among the companies whose stocks rose after they reported their results. Conversely, the shares of Wal-Mart (WMT) and personal navigation device maker Garmin (GRMN) fell after those companies reported their results.…
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👤Don Bennett
🕔February 2, 2015
Magellan Midstream Partners LP (NYSE:MMP) extends open season to February 27 for Saddlehorn Pipeline. Magellan Midstream Partners (MMP) announced an extension of the open season for commitments on the Saddlehorn Pipeline to transport various grades of crude oil from the Niobrara play in northeast Colorado to Magellan’s storage facilities in Cushing, Oklahoma.…
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👤Don Bennett
🕔February 2, 2015
United States Cellular Corporation (NYSE:USM)’s partner is high bidder for 124 licenses in auction 97. Advantage Spectrum was the high bidder for 124 licenses in the recent FCC AWS-3 spectrum auction that concluded on Jan. 29. . United States Cellular Corporation (NYSE:USM)’s wholly owned subsidiary, USCC Wireless Investment, is a limited partner in Advantage Spectrum, a Delaware limited partnership.…
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👤Don Bennett
🕔February 2, 2015
Big 5 Sporting Goods Corp. (Nasdaq:BGFV) CEO Steven Miller rebuffs assertions by board member DeMarco. Big 5 Sporting CEO Steven Miller sent a letter to board member Dominic DeMarco addressing a number of concerns brought by DeMarco. Miller wrote, in part, “Suffice it to say that we strongly disagree with many of the assertions in your letter… We are surprised by your reaction to the formation of a special committee of the board to consider the shareholder proposal and other corporate governance proposals made by your employer, Stadium Capital Management…”.…
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👤Don Bennett
🕔February 2, 2015
General Dynamics Corporation (NYSE:GD), Medico Industries get $301.64M government contract. General Dynamics Ordnance and Tactical Systems, Scranton, Pennsylvania and Medico Industries, Wilkes Barre, Pennsylvania was awarded a $301,640,000 firm-price, economic-price-adjustment contract to manufacture and deliver 155mm Artillery M795 metal parts assemblies.…
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