Earn
I don't like to revisit a stock on a daily basis, but BBDA continues to give me a reason to write about them. The stock sat at $.0003 a little over two months ago (its 52 week low) and hit a high today of .0172 today. If you bought $1,000 of BBDA stock at the $.0003 price, today those shares were worth $57,333 at the high. If you bought $1,000 of BBDA stock when I alerted it my subscribers at $.0003/.0004, they were worth $43,000 at the high today. Just a great rally and just when you think its going to stop, it picks right back up and heads to new highs.
http://pennystockgurus.blogspot.com/2012/08/bbda-stock-soars-from-00030004-to-0144.html
http://pennystockgurus.blogspot.com/2012/08/bbda-stock-hits-01-share.html
http://pennystockgurus.blogspot.com/2012/08/bbda-hit-0119-share-from-0003-alert.html
martes, 16 de octubre de 2012
lunes, 15 de octubre de 2012
Earn Utilities to see profit increases in 2012
Earn NEW YORK (AP) -- Shares of power companies appear to be attractive investments this year as the industry invests in new power plants and other infrastructure projects to meet new environmental standards, a Baird analyst said Friday. Analyst David Parker said he expects the industry will spend $750 billion over the next decade to maintain the electrical grid, meet stronger environmental standards and satisfy expanding or changing customer needs. New building projects are a key driver for power company profits because state regulators typically allow utilities to raise power rates and earn a greater return on their investments. Parker favors stocks from NorthWestern Corp. and Allete Inc. Both are expected to lead the industry in profitability in coming years. Northwestern, which delivers electricity and natural gas in Montana, South Dakota and Nebraska, is planning about $2 billion-$3 billion in future projects, including $550-$850 million in near-term opportunities. The near-term projects alone could boost profits by 75 cents to $1.20 per share, Parker said. If its entire project portfolio comes to fruition, it could increase profits by 6 percent-8 percent per year. Allete, which owns and maintains transmission lines in parts of Wisconsin, Michigan, Minnesota and Illinois, also is expected to benefit from new infrastructure growth. Parker expects ALLETE profits to increase by 8 percent-9 percent per year over the next three to five years. Share values for many utilities already have been rising on anticipation of these profit increases. Parker downgraded Alliant Energy Corp., Wisconsin Energy Corp., Hawaiian Electric Industries and UIL Holdings Corp. to 'Neutral' from 'Outperform,' saying their shares have risen to the point that they're now fairly valued. In morning trading, shares of NorthWestern fell by 40 cents to $35 and Allete fell by 15 cents to $40.94. Shares of Alliant fell by 24 cents to $42.68, Wisconsin Energy shares dipped by 25 cents to $34.09, Hawaiian Electric shares fell by 22 cents to $25.73 and UIL Holdings shares dropped by 46 cents to $34.27.
Oil Fitch cuts Italy, Spain, other euro zone ratings
Oil Fitch cuts Italy, Spain, other euro zone ratings RELATED QUOTES Symbol Price Change TRI 27.82 -0.10 Related Content People wait to enter a government job centre in Malaga, southern Spain, January 27, 2012. REUTERS/Jon Nazca People wait to enter a government job centre in Malaga, southern Spain, January 27, 2012. REUTERS/Jon Nazca NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement, the ratings agency said the affected countries were vulnerable in the near-term to monetary and financial shocks. 'Consequently, these sovereigns do not, in Fitch's view, accrue the full benefits of the euro's reserve currency status,' it said. Fitch cut Italy's rating to A-minus from A-plus; Spain to A from AA-minus; Belgium to AA from AA-plus; Slovenia to A from AA-minus and Cyprus to BBB-minus from BBB, leaving the small island nation just one notch above junk status. Ireland's rating of BBB-plus was affirmed. All of the ratings were given negative outlooks. Fitch said it had weighed up a worsening economic outlook in much of the euro zone against the European Central Bank's December move to flood the banking sector with cheap three-year money and austerity efforts by governments to curb their debts. 'Overall, today's rating actions balance the marked deterioration in the economic outlook with both the substantive policy initiatives at the national level to address macro-financial and fiscal imbalances, and the initial success of the ECB's three-year Long-Term Refinancing Operation in easing near-term sovereign and bank funding pressures,' Fitch said. Two weeks ago, Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, and pushing struggling Portugal into junk territory. With nearly half a trillion euros of ECB liquidity coursing through the financial system, some of which has apparently gone into euro zone government bonds, and with hopes of a deal to write down a slab of Greece's mountainous debt, even that sweeping ratings action had little market impact. The euro briefly pared gains against the dollar after Fitch cut the five euro zone sovereigns but soon jumped to a session high of $1.3208, according to Reuters data, its highest since December 13. Italy is widely seen as the tipping point for the euro zone. If it slid towards default, the whole currency project would be threatened. Italian Prime Minister Mario Monti, a technocrat who has won plaudits for his economic reform drive, said he reacted to Fitch's downgrade of Italy with 'detached serenity.' 'They signal things that are not particularly new, for example, that Italy has a very high debt as a percentage of GDP and they signal that the way the euro zone is governed as a whole is not perfect and we knew that too,' he said during a live interview on Italian television. 'They also say things that give a positive view of what is being done in Italy because there is much appreciation for policies of this government and this parliament,' he said. Fitch said of Italy: 'A more severe rating action was forestalled by the strong commitment of the Italian government to reducing the budget deficit and to implementing structural reform as well as the significant easing of near-term financing risks as a result of the ECB's 3-year Longer-term Refinancing Operation.' (Reporting by Rodrigo Campos, Daniel Bases, Philip Pullela and Pam Niimi, writing by Mike Peacock, Editing by James Dalgleish)
domingo, 14 de octubre de 2012
sábado, 13 de octubre de 2012
Forex Obama seeks power to merge agencies
Forex WASHINGTON (AP) -- President Barack Obama on Friday took aim at his government's own messy bureaucracy, prodding Congress to give him greater power to merge agencies and promising he would start by collapsing six major economic departments into one. Pressing Republicans on one of their own political issues, Obama said it was time for an 'effective, lean government.' Obama wants the type of reorganizational authority last held by a president when Ronald Reagan was in office. Obama's version would be a so-called consolidation authority allowing him to propose only mergers that promise to save money and shrink government. The deal would help Obama considerably by entitling him to an up-or-down vote from Congress in 90 days. Still, final say would remain with lawmakers, both on whether to grant Obama this fast-track authority and then in deciding whether to approve any of his specific ideas. 'We can do this better,' Obama declared in an event with business owners at the White House, even presenting slides to help make his case. 'So much of the argument out there all the time is up at 40,000 feet, these abstract arguments about who's conservative or who's liberal,' Obama said. 'Most Americans — and certainly most small business owners — you guys are just trying to figure out how do we make things work, how do we apply common sense. And that's what this is about.' In an election year and a political atmosphere of tighter spending, Obama's move is about more than improving a giant bureaucracy. He is attempting to directly counter Republican arguments that he has presided over the kind of government regulation, spending and debt that can undermine the economy — a dominant theme of the emerging presidential campaign. Republicans have often aligned themselves with smaller government. So politically, Obama is trying to put the onus on Republicans in the House and Senate to show why they would be against the pursuit of leaner government. From Capitol Hill, a spokesman for Sen. Mitch McConnell of Kentucky, the top Republican in the Senate, pledged Obama's plan would get a careful review. But the spokesman, Don Stewart, also said: 'After presiding over one of the largest expansions of government in history, and a year after raising the issue in his last State of the Union, it's interesting to see the president finally acknowledge that Washington is out of control.' Obama has an imperative to deliver. He made the promise to come up with a smart reorganization of the government in his last State of the Union speech last January. At the time, Obama grabbed attention by pointing out the absurdity of government inefficiency. In what he called his favorite example, Obama said: 'The Interior Department is in charge of salmon while they're in fresh water, but the Commerce Department handles them when they're in saltwater. And I hear it gets even more complicated once they're smoked.' The White House said the problem is serious for consumers who turn to their government for help and often do not know where to begin. Not in decades has the government undergone a sustained reorganization of itself. Presidents have tried from time to time, but each part of the bureaucracy has its own defenders inside and outside the government, which can make merger ideas politically impossible. That's particularly true because 'efficiency' is often another way of saying people will lose their jobs. Obama hopes to enhance his chances by getting Congress to give him the assurance of a clean, relatively speedy vote on any of his proposals. There is no clear sign that Obama would get that cooperation. He spent much of 2011 in utter gridlock with Republicans in Congress. In the meantime, Obama announced Friday that Karen Mills, the administrator of the Small Business Administration, would be elevated to Cabinet-level rank. But her job would essentially disappear if Obama has his way. If he gets the new fast-track power to propose legislation, Obama's first project would be to combine six major operations of the government that focus on business and trade. They are: the Commerce Department's core business and trade functions; the Small Business Administration; the Office of the U.S. Trade Representative; the Export-Import Bank; the Overseas Private Investment Corporation; and the Trade and Development Agency. The goal would be one agency designed to help businesses thrive. The White House says 1,000 to 2,000 jobs would be cut, but the administration would do so through attrition; that is, as people routinely leave their jobs over time. The administration said the merger would save $3 billion over 10 years by getting rid of duplicative overhead costs, human resources divisions and programs. The name and potential secretary of the new agency have not been determined. The point, the White House says, is not just making the government smaller but better by saving people time and eliminating bureaucratic nightmares. The idea for the consolidated business agency grew out of discussions with hundreds of business leaders and agency heads over the last several months. Brendan Buck, a spokesman for House Speaker John Boehner, R-Ohio, said streamlining government was always a potentially good idea but expressed wariness about whether Obama's plan would really help business. 'American small businesses are more concerned about this administration's policies than from which building in Washington they originate,' Buck said. 'We hope the president isn't simply proposing new packaging for the same burdensome approach.' According to the White House, presidents held such a reorganizational authority for about 50 years until it ran out during Reagan's presidency in 1984. Obama has a series of other ideas about consolidating departments across the government, to be rolled out later.
sábado, 22 de septiembre de 2012
Forex Global economy on recovery path, risks remain: IMF chief
Forex IMF Managing Director Christine Lagarde attends a Eurogroup meeting ahead of a two-day EU leaders summit in Brussels March 1, 2012. REUTERS/Francois LenoirView Photo IMF Managing Director Christine Lagarde attends a Eurogroup meeting ahead of a two-day EU leaders summit in Brussels March 1, 2012. REUTERS/Francois Lenoir By Nick Edwards and Koh Gui Qing BEIJING (Reuters) - The global economy has stepped back from the brink of danger and signs of stabilization are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday. 'The global economy may be on a path to recovery, but there is not a great deal of room for maneuver and no room for policy mistakes,' International Monetary Fund (IMF) Managing Director, Christine Lagarde, said in a speech in Beijing. In a separate talk on the same day, Lagarde said that China's yuan could become a reserve currency in the future, adding that the country needed a roadmap for a stronger, more flexible exchange rate system. She said signs of stabilization were emerging to show that policy actions taken in the wake of the global financial crisis were paying off, that U.S. economic indicators were looking a little more upbeat and that Europe had taken an important step forward in solving its crisis with the latest efforts on Greece. 'On the back of these collective efforts, the world economy has stepped back from the brink and we have cause to be more optimistic. Still, optimism must not lull us into a false sense of security. There are still major economic and financial vulnerabilities we must confront,' Lagarde said. The IMF chief cited still fragile financial systems burdened by high public and private debt persists advanced economies as the first of three major risks and said euro zone public sector and bank rollover funding needs in 2012 were equivalent total about 23 percent of GDP. 'Second, the rising price of oil is becoming a threat to global growth. And, third, there is a growing risk that activity in emerging economies will slow over the medium term,' she said. Lagarde also said youth unemployment should be tackled and that all countries must persevere with their policy efforts if the progress made in stabilizing the global economy is to pay off with better prospects ahead. She said advanced economies must continue with macroeconomic support and a balanced fiscal policy, together with financial sector reforms and structural and institutional reforms to repair the damage done by the crisis and to improve competitiveness. Meanwhile emerging market economies need to calibrate macroeconomic policies both to guard against fallout from the advanced economies as well as to keep overheating pressures in check. SEES A YUAN 'ON PAR' WITH CHINA'S STATUS Lagarde's comments on the yuan as a reserve currency were the most direct endorsement to date by an IMF official of China's ambitions for its currency. 'What is needed is a roadmap with a stronger and more flexible exchange rate, more effective liquidity and monetary management, with higher quality supervision and regulation, with a more well-developed financial market, with flexible deposit and lending rates, and finally with the opening up of the capital account,' she told a gathering of leading Chinese policymakers and global business leaders. 'If all that happens, there is no reason why the renminbi will not reach the status of a reserve currency occupying a position on par with China's economic status.' Renminbi is another name for the yuan. China operates a closed capital account system and its yuan currency is tightly controlled, although Beijing has said it wants to increase the international use of the yuan to settle cross border trade and has undertaken a series of reforms in recent years to that end. Lagarde said China had showed leadership and adept policy skills when the global financial crisis exploded and which might have been worse but for the impetus it provided to growth and stability. China unveiled a massive 4 trillion yuan ($635 billion) stimulus package for its economy at the end of 2008 as the financial crisis reverberated around the world and global trade -- which China's massive factory sector depends on for growth and jobs -- shuddered to a standstill. Lagarde further praised what she said was China's leadership and influence in global institutions such as the IMF and G20 group of the world's 20 biggest economies. 'China has been instrumental in helping to make the global economic system less prone to damaging crises,' she said, adding that lingering weaknesses in the global outlook reinforced the importance of China maintaining a prominent role in global policy discussions and accelerating reform in its own economy. Lagarde said she saw three priorities for China, the first to support growth; second, to shift its drivers of economic growth away from investment and exports towards domestic consumption; and third, to spread wealth more widely. The IMF chief said it was crucial that the world's major economies were working together with the same objective. 'We are all interconnected and we are all affected by each other's policy actions. We need to prepare for success together. If we stand together, the whole will be more than the sum of the parts,' Lagarde said. (Additional reporting by Kevin Yao; Editing by Don Durfee and Jonathan Thatcher)
miércoles, 19 de septiembre de 2012
Forex Airbus expects years of grappling with A380 cracks
Forex Airbus expects years of grappling with A380 cracks Companies: European Aeronautic Defence and Space NV RELATED QUOTES Symbol Price Change EAD.PA 31.10 +0.28 Related Content An A380 aircraft is seen through a window with an Airbus logo during the EADS / Airbus 'New Year Press Conference' in Hamburg January 17, 2012. REUTERS/Morris Mac MatzenView Photo An A380 aircraft is seen through a window with an Airbus logo during the EADS / Airbus 'New Year Press Conference' in Hamburg January 17, 2012. REUTERS/Morris Mac Matzen FRANKFURT (Reuters) - Airbus will need years to get past problems with wing cracks on its flagship A380 passenger jet, the executive vice president of programs at Airbus told a German magazine. 'This problem will keep us busy for years,' weekly Der Spiegel quoted Tom Williams as saying in an article published on Sunday. European air safety regulators last month ordered checks for A380 wing cracks for the entire superjumbo fleet after safety engineers found cracks in almost all planes inspected. Airbus, the plane maker owned by EADS (PAR:EAD.PA - News), has said a combination of design and manufacturing slips put too much stress on a handful of the 2,000 brackets that fix the exterior of each wing to the ribcage beneath. The magazine said Williams aimed to present a solution for the problem in April, and Airbus will start installing new parts in planes by the end of the year.
Suscribirse a:
Entradas (Atom)
