StreetInsider.com News Articles

Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty

Fri, 20 Nov 2009 15:58:42 -0500

Here is a recap of the top news items from this week on Wall Street: 1. Dell (Nasdaq: DELL) shares tumbled more than 9% on Friday following a Q3 earnings miss, reported on Thursday after the close. Traders had been bidding up the school prior to the results as Dell's turnaround story has been a hot tech story recently. 2. Treasury Secretary Timothy Geithner was grilled on Capitol Hill this week, taking on a flurry of questions -- maybe even accusations -- related to his role in the financial crisis. Several members of Congress even went as far as asking Geithner

Trading Radar for 11/23: Hewlett-Packard (HPQ), Tyson Foods (TSN), Campbell Soup (CPB), BJ Services (BJS) Report

Fri, 20 Nov 2009 15:38:45 -0500

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: 51JOB Inc. (NASDAQ: JOBS) – consensus EPS $0.10 LDK Solar Co., Ltd. (NYSE: LDK) – consensus loss $0.10 Noah Education Holding Limited (NYSE: NED) – no consensus Tech Data Corporation (NASDAQ: TECD) – consensus EPS $0.70 Tyson Foods (NYSE: TSN) – consensus EPS $0.26 Valspar (NYSE: VAL) – consensus EPS $0.49 Intraday or Not Specified: Economics: 10:00am EST

Existing Home Sales - Street sees 5.65M

Earnings: Altus Pharmaceuticals Inc. (NASDAQ: ALTU) – no consensus American Defense Systems Inc. (NYSE: EAG) – no consensus BJ Services Company (NYSE: BJS) – consensus EPS $0.02 Campbell Soup (NYSE: CPB) – consensus EPS $0.81 CDC

52-Week Highs and Lows: NYSE - BBY, KO, TRA Higher; AVD Low; NASDAQ - AGYS, DTV, NLST, TTIL, HAWK, RMIX Higher

Fri, 20 Nov 2009 13:51:46 -0500

52-Week NYSE Highs: Best Buy (NYSE: BBY) moved up to $43.50 early. Investors may love the technical’s on BBY, and a positive outlook on Best Buy’s holiday season. The volume today isn’t out of the ordinary. Coca-Cola Co. (NYSE: KO) touched $57.56, again, early. The high represents only a 1.1% increase over the close yesterday. Investors may be moving back into the safer blue chips as the dollar strengthens and economic confidence is restoring. The stock made a pretty good jump yesterday as well. Terra Industries (NYSE: TRA) reaches $39.720001. The company’s board now has three members

Unusual 11 Mid-Day Movers 11/20: GGR, TTIL, INO, NLST Higher; EFUT, HAWK, ADCT, DHI Lower

Fri, 20 Nov 2009 12:16:57 -0500

GeoGlobal Resources (AMEX: GGR) 36.4% HIGHER; not hearing any company-specific news that would justify today's sharp move higher. Could be breaking out technically as the $2 level appears to have been an area of resistance recently. TTI Telecom (NASDAQ: TTIL) 31.8% HIGHER; continuing higher this morning following yesterday's 49% surge. The firm reported Q3 EPS of $0.07, 7 cents better than the analyst estimate of $0.00. Revenue for the quarter was $10.3 million, which compares to the estimate of $11.75 million. Inovio Biomedical Corporation (Amex: INO) 31.7% HIGHER; announced today that a combination of its synthetic consensus H1N1, H2N2,

Notable Midday ETF Movers 11/20: XLV, EWJ Higher; XHB, XLE, SMH Lower

Fri, 20 Nov 2009 11:59:38 -0500

StreetInsider.com Notable ETF Movers: HIGHER;

Health Care Select Sector SPDR (NYSE: XLV) higher $0.11 to $30.29, about 0.36%. Led in part by Merck (NYSE: MRK) receiving CHMP recommendation for fertility drug and ahead of the critical healthcare bill vote on Saturday. As a reminder, the bill is for $848 billion. As another reminder, if $848 billion were in seconds, that would equal out to 26,889 years.
iShares MSCI Japan Index (NYSE: EWJ) up 0.38% to $9.275. The ¥en is gaining as the Bank of Japan left the benchmark interest rate alone after its policy meeting.

LOWER:

SPDR S&P Homebuilders (NYSE: XHB) down

Best of the Web: Broke Dudes Buy $1M Home with FHA Help; Fed Balance Sheet Expands, Poker Skills Help Traders

Fri, 20 Nov 2009 11:13:06 -0500

StreetInsider.com Best of the Web 11/20/09:

Recently broke Mike Rowlan and a couple buddies just bought a two-unit apartment building for nearly a million dollars with little money down with the help of the FHA. "It was kind of crazy we could get this big a loan," said Mr. Rowland, 27. “If a government official came out here, I would slap him a high-five."
The Fed's balance sheet liabilities expanded to $2.192 trillion from $2.117 trillion a week ago on an over $70 billion rise in MBS. The Fed's CPFF program staged its first increase in total holdings

Notable Analyst Rating Changes for 11/20: STP, HES, DDS, LINTA Upgraded; PFG, CSX, VRSN, BOFL, D, ADCT Downgraded

Fri, 20 Nov 2009 10:55:31 -0500

StreetInsider.com Notable Analyst Rating Changes: UPGRADES: Soleil upgrades Suntech Power Holdings (NYSE: STP) from Sell to Hold, price target increased to $13.50. Click Here for more color. Morgan Stanley upgrades Hess Corp (NYSE: HES) from Equalweight to Overweight. Deutsche Bank upgrades Dillard's (NYSE: DDS) from Hold to Buy with a $28 price target, saying Q3 sets a new trajectory. Click Here for more color. Citi upgrades Liberty Media Interactive (NASDAQ: LINTA) from Hold to Buy. Price target increased to $13.25. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Morgan Stanley downgrades Principal Financial Group (NYSE: PFG) from Overweight to

Morning Movers 11/20: TTIL, INO, SRLS, NLST, ZUMZ Higher; EFUT, BOFL, HFFC, ADCT, AMFI Lower

Fri, 20 Nov 2009 10:21:18 -0500

TTI Telecom (NASDAQ: TTIL) 31.3% HIGHER; continuing higher this morning following yesterday's 49% surge. The firm reported Q3 EPS of $0.07, 7 cents better than the analyst estimate of $0.00. Revenue for the quarter was $10.3 million, which compares to the estimate of $11.75 million. e-Future Information Technology Inc. (Nasdaq: EFUT) 28% LOWER; reports Q2 loss of $3.39, or a loss of $0.50 adjusted, compared to a gain of $0.32 in the same quarter last year. Inovio Biomedical Corporation (Amex: INO) 25.8% HIGHER; announced today that a combination of its synthetic consensus H1N1, H2N2, H3N2, and H5N1 influenza

Notable Mergers and Acquisitions of the Day: MOT, BDX

Fri, 20 Nov 2009 10:05:20 -0500

Motorola, Inc. (NYSE: MOT) today announced the acquisition of RadioFrame Networks' iDEN business. RadioFrame is a provider of lower cost, power efficient iDEN technology. Terms of the transaction were not disclosed. RadioFrame Networks' iDEN business will be integrated into Motorola's Home & Networks Mobility business. Motorola's proprietary iDEN solution has proven to be an enduring cellular technology due to its innovative and differentiated end-user fast dispatch service and enterprise optimized talk-groups. RadioFrame's iDEN products will further enhance Motorola's portfolio for multi-channel base stations optimized to support non-contiguous spectrum allocations in the special mobile radio (SMR) business that are especially common outside

After-Hours Movers 11/19: HIBB, VRGY, MTXX Higher; ADCT, WTSLA, FL, DELL, ARUN, EFOI Lower

Thu, 19 Nov 2009 17:29:50 -0500

ADC (NASDAQ: ADCT) 13.9% LOWER; announced unaudited results for its two-month fourth quarter ended September 30, 2009. As previously announced, ADC changed its fiscal year end to September 30 from October 31. The company reported fourth quarter revenue of $183.9 million and GAAP loss from continuing operations of $19.2 million, or $0.20 per share. The GAAP loss includes certain after-tax charges of $25.5 million. Excluding these charges, the non-GAAP (adjusted) net earnings for the quarter were $6.3 million, or $0.06 per share. The company generated cash from continuing operations of $27.3 million for the two-month quarter and $86.0 million

Trading Radar for 11/20: Ann-Taylor (ANN), J.M. Smucker (SJM), Kirkland's (KIRK), D.R. Horton (DHI) Report

Thu, 19 Nov 2009 14:50:41 -0500

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Earnings: America's Car-Mart, Inc. (NASDAQ: CRMT) – consensus EPS $0.42 AnnTaylor Stores (NYSE: ANN) – consensus EPS $0.07 D.R. Horton (NYSE: DHI) – consensus loss $0.24 J. M. Smucker Company (NYSE: SJM) – consensus EPS $1.04 Johnson Outdoors Inc. (NASDAQ: JOUT) – consensus loss $0.29 Kirkland's, Inc. (NASDAQ: KIRK) – consensus EPS $0.08 Intraday or Not Specified: Earnings: Met-Pro (NYSE: MPR) – consensus EPS $0.12 Subscribe to EasyStockAlerts and get real-time e-mail alerts when news hits your stocks!

Notable 52-Week NYSE New Highs and Lows 11/19: CAH, DCI, RX, KG, MRK, TSL Highs; SNV, WNR Low

Thu, 19 Nov 2009 13:15:10 -0500

Notable 52-week Highs on the NYSE:

Cardinal Health, Inc. (NYSE: CAH) - Hit $31.77. UBS initiated coverage with a Buy rating on Cardinal.
Donaldson Company Inc. (NYSE: DCI) - touched $45.09. The company reported Q110 earnings above the Street estimates today.
IMS Health Inc. (NYSE: RX) - reached $21.65
King Pharmaceuticals Inc. (NYSE: KG) - hit $11.88. May be benefitting from mixed ZymoGenetics ratings regarding Recothrom.
Merck & Co. Inc. (NYSE: MRK) - up to $35.72. Subsidiary made milestone payment to Ligand today.
Trina Solar Ltd. (NYSE: TSL) - went to $45.23. Q309 earnings beat Street views as well.

Mentionable New

Notable Midday ETF Movers 11/19: UUP Higher; SMH, XLF, SPY Lower

Thu, 19 Nov 2009 12:31:16 -0500

StreetInsider.com Notable ETF Movers:

HIGHER;

PowerShares DB US Dollar Index Bullish (NYSE: UUP) up about 0.45% to $22.38 as the U.S. dollar bounces against a host of world currencies. The dollar is poo-pooing the markets today after succumbing for some time. Global equity markets are slumping and investors see a firmer hand gripping capital flows around the world. Japanese Yen is another benefactor of the move, in spite of many financial companies rushing to secure capital financing to ride-out another economic slump.

LOWER:

Semiconductor HOLDRs (NYSE: SMH) is 3.8% lower after Bank of America/ML downgraded a host of companies in the sector,

Unusual 11 Mid-Day Movers 11/19: TTIL, NWY, NLST, ALN Higher; TIXC, MVIS, NGD, BOFL Lower

Thu, 19 Nov 2009 12:24:13 -0500

TTI Telecom (NASDAQ: TTIL) 25.4% HIGHER; reports Q3 EPS of $0.07, 7 cents better than the analyst estimate of $0.00. Revenue for the quarter was $10.3 million, which compares to the estimate of $11.75 million. Tix Corp. (Nasdaq: TIXC) 23.9% LOWER; continuing lower today as the stock broke below the $3 level yesterday, a technical level that was seemingly a strong support level. Microvision, Inc. (NASDAQ: MVIS) 20.2% LOWER; today announced the pricing of an underwritten public offering of 6.7 million shares of its common stock at a price to the public of $3.00 per share. Microvision has granted

Best of the Web 11/19: Paulson Letter, Wall Street Can't Control Itself, Ken Griffin Rebounds, $6300 Gold?

Thu, 19 Nov 2009 11:52:03 -0500

StreetInsider.com Best of the Web:

Hedge fund guru John Paulson's letter to investors on third quarter performance. Paulson's comments in the letter that Bank of America (NYSE: BAC) could still double made the rounds yesterday. The firm also said their 5 gold mining position have upside potential in a flat gold price environment, but would rise even more in a higher price environment. (NYSE: AU), Gabriel Resources, Gold Fields (NYSE: GFI) and Kinross Gold (NYSE: KGC).

Morgan Stanley's (NYSE: MS) outgoing CEO John Mack welcomes the increased regulation by the Fed. Mack said "They test our models. They question

Notable Analyst Rating Changes 11/19: AMD, TGT, XL, SCSS Upgraded; INTC, ASMI, HOTT, SMH/INTC/TXN/MRVL Downgraded

Thu, 19 Nov 2009 11:35:34 -0500

UPGRADES: Broadpoint.AmTech upgrades Advanced Micro Devices (NYSE: AMD) from Neutral to Buy. Price target increased from $8.50 to $10. Click Here for more color. BMO Capital upgrades Target Corp. (NYSE: TGT) from Underperform to Market Perform. The firm also boosted its price target on the stock from $40 to $54 Bernstein upgrades XL Capital (NYSE: XL) from Market Perform to Outperform. Raymond James upgrades Select Comfort (NASDAQ: SCSS) from Outperform to Strong Buy. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Goldman Sachs downgraded ASM International NV (NASDAQ: ASMI) from it Conviction Buy List to Neutral, citing valuation after recent outperformance.

Notable Mergers and Acquisitions of the Day 11/19: BX, AGU/CF, PRIM, CL

Thu, 19 Nov 2009 10:59:40 -0500

Blackstone Group's (NYSE: BX) Pinnacle Brands Corp. is expected to acquire Birds Eye Foods for $1.3 billion the Wall Street Journal reported, citing people familiar with the matter. Birds Eye Foods is the nation's largest frozen-vegetable company and is majority owned by the private-equity firm Vestar Capital Partners. The deal could be announced as soon as Thursday. Bird's Eye, which currently carries $700 million in long-term debt, has a dominant market share in the frozen vegetable market, representing 25 percent of total sales in the industry. The company was acquired by Vestar in 2002, and employers approximately 1,700 workers, with warehouses throughout

Morning Movers 11/19: TTIL, BKD, ATGN, DCI Higher; MVIS, CMED, HOTT, SMTC, DKS, NMM Lower

Thu, 19 Nov 2009 10:15:24 -0500

TTI Telecom (NASDAQ: TTIL) 23.7% HIGHER; reports Q3 EPS of $0.07, 7 cents better than the analyst estimate of $0.00. Revenue for the quarter was $10.3 million, which compares to the estimate of $11.75 million. Microvision, Inc. (NASDAQ: MVIS) 22.6% LOWER; today announced the pricing of an underwritten public offering of 6.7 million shares of its common stock at a price to the public of $3.00 per share. Microvision has granted the underwriters a 30-day option to purchase up to an additional 1.0 million shares of its common stock to cover over-allotments, if any Brookdale Senior Living Inc. (NYSE: BKD)

After-Hours Movers 11/18: DCI, CYBX, LTD Higher; JACK, NMM, AFFY, HOTT, SMTC, MVIS Lower

Wed, 18 Nov 2009 17:38:35 -0500

Jack in the Box (NASDAQ: JACK) 7.3% LOWER; reports Q4 EPS of $0.70, 15 cents better than the analyst estimate of $0.55. Revenue for the quarter was $540.3 million, which compares to the estimate of $549.49 million. Same Store Sales were down 6%. Sees Q1 comps down 10%, and FY10 comps down 3 - 10%. Navios Maritime Partners L.P. (NYSE: NMM) 6.7% LOWER; plans to offer 4,000,000 common units representing limited partnership interests in a public offering. Navios Partners expects to grant the underwriters a 30-day option to purchase an additional 600,000 common units to cover over-allotments, if any.

Trading Radar for 11/19: Gap (GPS), Suntech Power (STP), Foot Locker (FL), Intuit (INTU), GameStop (GME) Report

Wed, 18 Nov 2009 14:51:38 -0500

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 8:30am EST

Initial Claims - Street sees 504K
Continuing Claims - Street sees 5600K

Earnings: Bon-Ton Stores (NASDAQ: BONT) – consensus loss $1.30 Brady Corporation (NYSE: BRC) – consensus EPS $0.41 Casual Male Retail Group, Inc. (NASDAQ: CMRG) – consensus loss $0.02 China Medical Technologies, Inc. (NASDAQ: CMED) – no consensus Datawatch (NASDAQ: DWCH) – no consensus Dick's Sporting Goods, Inc. (NYSE: DKS) – consensus EPS $0.09 Helmerich & Payne, Inc. (NYSE: HP) – consensus EPS $0.43 Internet Gold (NASDAQ: IGLD) – consensus EPS $0.86 Kulicke & Soffa (NASDAQ: KLIC) – consensus EPS $0.04 New York & Company Inc.

Unusual 11 Mid-Day Movers 11/18: ABK, LZB, NLST, LDK Higher; ONCY, NANO, EXEL, VRUS Lower

Wed, 18 Nov 2009 13:50:55 -0500

Ambac Financial (NYSE: ABK) 39% HIGHER; shares are ripping higher today following an 8-K from this morning in which the company disclosed that it will receive about $440 million in tax refunds in Q4. Click here for the full report. La-Z-Boy Inc. (NYSE: LZB) 22.3% HIGHER; reports Q2 EPS of $0.12, ex-items, inline with the analyst estimate of $0.12. Revenue for the quarter was $300.7 million, which compares to the estimate of $284.76 million. Netlist (Nasdaq: NLST) 19.1% HIGHER; this is probably the craziest stock I've seen in quite some time. Since launching its 16GB, 2 virtual rank

Notable Midday ETF Movers 11/18: USO, XLF, SEA; UNG, EWJ Lower

Wed, 18 Nov 2009 12:15:49 -0500

HIGHER;

United States Oil Fund LP (NYSE: USO) is up about 0.82% to $40.81. Crude inventories dropped by about 887K, fueling Sweet Crude futures to rise $0.88 to $80.02.
Financial Select Sector SPDR (NYSE: XLF) trading up modestly to $14.95, about a 0.61% gain. The ETF is helped by a BofA Merrill Lynch report that investors don't see the Fed raising rates until H210. Also, John Paulson said he thinks Bank of America (NYSE: BAC) will double in two years. BAC, which represents a 10.3% holding of the ETF, is up 3.1% today.

Claymore/Delta Global Shipping (NYSE:

Notable Analyst Rating Changes 11/18: SII, ZMH, FSLR, PHM Upgraded; TGT, ADSK, VIP, JEC, PARD Downgraded

Wed, 18 Nov 2009 10:55:39 -0500

UPGRADES: Citi upgrades Smith International (NYSE: SII) from Hold to Buy. Price target increased from $29 to $35. UBS upgrades Zimmer Holdings (NYSE: ZMH) from Neutral to Buy. Price target increased from $59 to $64. RBC Capital upgraded First Solar (NASDAQ: FSLR) from Sector Perform to Outperform. Citigroup upgrades Pulte Homes (NYSE: PHM) from Hold to Buy and raises their price target from $11 to $12. For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades DOWNGRADES: Goldman Sachs downgrades Target (NYSE: TGT) from its Buy List to Neutral, lowers price target from $57 to $54. Click Here for more color. Bank of

Notable Mergers and Acquisitions of the Day 11/18: AXP, GPN

Wed, 18 Nov 2009 10:18:50 -0500

American Express Company (NYSE: AXP) today announced it has agreed to acquire Revolution Money, a Revolution LLC company. Revolution Money, launched by AOL Co-founder Steve Case's Revolution LLC in 2007, provides secure payments through an internet based platform. No names or account numbers appear on Revolution cards and transactions are authorized by using a PIN number. The company's online person-to-person payment accounts are FDIC insured and ideally suited for social and instant messaging networks. It also offers a prepaid card linked to those accounts that can be used for offline payments or to withdraw cash from ATMs throughout the

Morning Movers 11/18: ABK, CHS, LDK, RDN Higher; ONCY, NANO, EXEL, ADSK, CNQR Lower

Wed, 18 Nov 2009 10:16:50 -0500

Ambac Financial (NYSE: ABK) 37% HIGHER; shares are ripping higher today following an 8-K from this morning in which the company disclosed that it will receive about $440 million in tax refunds in Q4. Click here for the full report. Oncolytics Biotech Inc. (NASDAQ: ONCY) 17.8% LOWER; announced today that it has entered into an underwriting agreement for an offering of 4,250,000 units, each comprised of one common share and 0.4 of a common share purchase warrant, at a price of $3.00 per unit to raise gross proceeds of $12,750,000. Each whole common share purchase warrant entitles the

After-Hours Movers 11/17: LDK, VVUS Higher; ADSK, BWS, CNQR, TEN, EMS, DRYS Lower

Tue, 17 Nov 2009 18:05:03 -0500

LDK Solar Co., Ltd. (NYSE: LDK) 12.1% HIGHER; has entered into an agreement to sell a 15% ownership stake in its 15,000 metric ton (MT) annualized capacity polysilicon plant in Xinyu City, China. Jiangxi International Trust and Investment Co., Ltd. has agreed to purchase this interest for approximately RMB1.5 billion (equivalent to approximately US$219 million). Autodesk, Inc. (NASDAQ: ADSK) 10.4% LOWER; reports Q3 EPS of $0.27, 4 cents better than the analyst estimate of $0.23. Revenue for the quarter was $417 million, which compares to the estimate of $415.33 million. Autodesk sees Q4 EPS of $0.19-$0.24, versus the

Trading Radar for 11/18: NetApp (NTAP), Mitsubishi Fiancial (MTU), Chico's FAS (CHS), BJ's Wholesale (BJ), PetSmart (PETM) Report

Tue, 17 Nov 2009 14:59:43 -0500

The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before Market Opens: Economics: 8:30am EST

Housing Starts - Street Sees 600K
Building Permits - Street Sees 580K
CPI - Street Sees 0.2%

Earnings: BJ's Wholesale Club (NYSE: BJ) – consensus EPS $0.45 012 Smile Communications Inc. (NASDAQ: SMLC) – no consensus Chico's FAS, Inc. (NYSE: CHS) – consensus EPS $0.07 Gushan Environmental Energy Ltd. (NYSE: GU) – consensus loss $0.07 Perry Ellis International (NASDAQ: PERY) – consensus EPS $0.21 Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) – no consensus ValueVision (NASDAQ: VVTV) – no consensus Intraday or Not Specified: Economics: 10:30am EST

Crude Inventories - no Street consensus

Earnings: A/S Dampskibsselskabet Torm (NASDAQ: TRMD) – no

Unusual 11 Mid-Day Movers 11/17: SMTL, PARD, AGO, ZOOM, HEAT Higher; KFS, INOC, FTK, TBUS Lower

Tue, 17 Nov 2009 14:02:06 -0500

Kingsway Financial Services, Inc. (NYSE: KFS) 39% LOWER; The Pennsylvania Insurance Department will take legal action against Kingsway and its wholly-owned subsidiary Kingsway America, Inc. to unwind certain transactions and ensure that Kingsway retains its legal obligations as the ultimate controlling entity of Lincoln General Insurance Company. Innotrac Corporation (NASDAQ: INOC) 32% LOWER; reports Q3 loss of $0.01, compared to $0.07 in the same quarter last year. Revenue for the quarter was $22.26 million, versus $32.00 million in Q308. Semitool, Inc. (Nasdaq: SMTL) 30.4% HIGHER; Applied Materials, Inc. (Nasdaq: AMAT) and SMTL today announced a definitive agreement for Applied

Notable Midday ETF Movers 11/17: UUP, KRE, USO Higher; EWT, XRT Lower

Tue, 17 Nov 2009 13:52:24 -0500

HIGHER;

PowerShares DB US Dollar Index Bullish (NYSE: UUP) up 0.86% to $22.41. The dollar stays strong as Finance Chief Bernanke made positive comments about the U.S. economy yesterday, which were reinforced by European Central Bank President Jean-Claude Trichet.
SPDR KBW Regional Banking (NYSE: KRE) up 1.11% to $20.98. Higher on possible speculation of bank reform that would benefit the regional banks more.
United States Oil Fund LP (NYSE: USO) shares are down 0.37% to $40.14. Oil prices rise on a stronger dollar, despite solid inventories. Mixed signals are in the market following the PPI release this morning.

LOWER:

iShares MSCI

Best of the Web 11/17: Meet the New Land Barron, Tiny Island Favors Gold vs Dollars, Mortgage Delinquency Up Again, Silverdome Sells For Near Nothing

Tue, 17 Nov 2009 11:37:09 -0500

StreetInsider.com Best of the Web

The FDIC is the newest Land Barron after seizing over 150 failed bank and 5,000 houses, subdivisions, buildings, parcels and other foreclosed assets. For more than a year, the FDIC has been trying to sell Dresden Heights, a failed condo development.
The tiny island of Mauritius buys 2 metric tons of Gold from the IMF for $71.7 million as the latest example of countries diversifying away from the U.S. dollar. Related ETF (NYSE: GLD)
Transunion said mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the 11th straight quarter,