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China Exports Unexpectedly Fell in March
http://www.bloomberg.com/news/2014-04-09/china-exports-unexpectedly-fell-in-march.html
---------
Hong Kong H-Shares Drop Most in Three Weeks on China Data
A gauge of Chinese stocks traded in Hong Kong fell, heading for its biggest decline in three weeks, after mainland trade data unexpectedly contracted.
-----------------
China's exports fell 6.6 percent in March from the year-ago period, official data showed on Thursday, missing a Reuters forecast for an increase of 4 percent and after plunging 18.1 percent in February.
Japan core machinery orders -8.8%. Asia up
at 8:47 pm ET
Asian stocks rose on Thursday after minutes from the latest Federal Reserve meeting eased fears of an imminent interest rate hike but trade may be cautious ahead of key Chinese economic data. http://www.cnbc.com/id/101570513
------------
Japanese core machinery orders fell 8.8 percent on month in February, below expectations for a 3 percent decline in a Reuters poll. http://www.cnbc.com/id/101567090
7:57 pm ET
Japan's core machinery orders fell 8.8 percent on month in February, worse than expectations for a 3 percent decline in a Reuters poll.
The decline follows January's 13.4 percent on-month rise - the fastest gain in nearly a year - casting doubt on the strength of capital spending in Asia's second-largest economy.
On an annual basis machinery orders rose 10.8 percent, below Reuters' expectations for a 17.6 percent on-year rise.
Along with the data release the cabinet office cut its machinery orders assessment noting that the increasing trend in orders is stalling.
IMPV late action & forecast range
05:50 PM EDT, 04/09/2014 (MT Newswires) -- Imperva (IMPV) tumbled lower in Wednesday's after-hours trade after cutting its Q1 outlook below its prior guidance and Street estimates.
IMPV cratered through the 40.66 mark to a mid-session low of 31.57. It held near 33.11 to 31.57 through the rest of the evening. A pre-bell open Thursday may have potential in the 33 to 32.20 area. Sellers were aggressive at the 34 level to 32.85, an area where shorts may want to watch for a potential near-term ceiling to form.
Price: 32.48, Change: -17.25, Percent Change: -34.7
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
---------------------
5:16 pm ET
Shares of Imperva (NYSE: IMPV) are getting crushed, trading down 34 percent to $33 after reporting disappointing first quarter preliminary figures.
The company expects to report a loss of $0.40 to $0.44 , which is worse than the analyst forecast loss of $0.35 . Imperva had previously guided a first quarter loss in the $0.33 to $0.37 range.
Revenue was originally guided in the $36-37 million range, but the company now expects revenues of $31 to $31.5 million versus analyst estimates of $36.7 million .
Preliminary non-GAAP results exclude stock-based compensation and acquisition-related expenses. The company will provide detail on stock-based compensation and acquisition related expenses on our Q1 earnings conference call.
“Based on our preliminary analysis, our first quarter results were primarily impacted by extended sales cycles on deals over $100,000 , which led to delays in receiving anticipated orders from customers, particularly in the U.S., which resulted in lower than expected revenue for products,” said Imperva President and CEO, Shlomo Kramer .
The executive continued to say, “While our overall win rates remained consistent during the quarter, the extended sales cycles resulted from a combination of intensifying competition for large orders, which resulted in additional review and approval cycles, as well as sales execution challenges in the U.S. We are taking steps to address these issues. We are also continuing to analyze the factors that impacted our first quarter results, and consider additional steps we may take to address them and how they may impact our outlook for the full year. We expect to provide updated guidance during our regular earnings call.”
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CBSMW 5 rules to do 'Heartbleed'
By Priya Anand
You know the lock icon that pops up next to URLs to tell you a website will keep your information safe? It turns out it has actually left your private data unsecured for more than two years.
Websites encrypt your information, like emails, passwords and credit card numbers, so if anyone tries to snoop, they get a gibberish code and your data stays between you and the people you want to send it to. At least that's the way it's supposed to work. This week, researchers found a hole in OpenSSL, the lock that an estimated two-thirds of websites use. They're calling the bug "Heartbleed."
What's more, any attacks let in due to the bug can't be traced, experts say. This is a gaping security hole with "epic repercussions," director of security firm AlienVault Labs Jaime Blasco says, even if you're starting to become numb to all the data breaches of late.
Here are 5 rules for using the Internet after Heartbleed.
1. Trust no one
Run the websites you have accounts with through tools like the Heartbleed test to see if they're vulnerable or if the security gap has been patched before logging on. The page is fielding about 4,000 searches a minute, Milan-based freelance developer Filippo Valsorda said. Download the Chrome browser extension, Chromebleed, to receive notifications when you land at a website that hasn't fixed the problem yet. "In computer security, you never know when there's going to be a vulnerability," says Joost Bijl, marketing manager at the security firm Fox-IT.
2. Change your passwords and use two-step verification
"Change your password" is a mantra consumers have heard for years. It sounds simple and experts say it's still the first step users should take to protect themselves in case their communications were intercepted due to Heartbleed over the last two years. The safest move would be to change all your passwords, given the dominance of OpenSSL, the technology associated with the bug. Many companies, including Google (GOOG) , Facebook (FB) , Twitter and PayPal offer two-step authentication, asking users a security question or sending a code via text message when someone tries to log in from a new machine. "If someone lifts your password, then they still can't log in," Bijl says.
3. Be wary of public Wi-Fi networks
Turn off the setting that autoconnects your smartphone to public Wi-Fi networks, which can be exploited by malicious hackers. Airport and hotel Wi-Fi connections are convenient, but experts say these unsecured connections leave you open to attacks. When you do use them, set up a virtual private network to secure your Internet traffic. There are some free VPN services, though many charge monthly rates.
4. Monitor recent account activity
Some companies, like Google, offer email activity reports that show where and when an account was accessed. On Gmail, click on the small "details" button at the bottom of your inbox for a report complete with timestamps, maps and IP addresses. If a timestamp doesn't match up with your usage, change your password (and remember rule No. 2, two-step verification).
5. Install all the annoying security updates and read the alerts
Everyone's guilty of snoozing the prompts to install a security update and reboot, or ignoring an alert message to get to a Web page. These updates guard your computer from malware and other threats, and also fix any security gaps that might have gone undetected when you first downloaded software. If a security alert pops up on a familiar website, users sometimes ignore the notice and hit accept to move on, but can get caught in what are known as "man in the middle" attacks where a hacker eavesdrops on communications. "Users really don't care and usually they don't read those messages," Blasco says. "Please read the messages and try to understand what you're doing before you really make a mistake and your data can be compromised
-Priya Anand; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
04-09-14 1558ET
ALLY IPO $25 priced NYSE 4/10 low end
(one of two)
Ally Prices Stock Offering at Low End of Guidance -- Source
5:52p ET
Auto lender Ally Financial Inc.'s initial public offering priced at the low end of its expected range, a person familiar with the matter said Wednesday, raising some $2.38 billion for the U.S. Treasury Department .
The deal marks the largest U.S.-listed IPO of the year and sharply reduces the U.S. government's stake in the former General Motors Co. financing arm. Treasury agreed to sell 95 million shares--before the potential sale of additional shares to underwriters--for $25 apiece, the person familiar with the matter said.
Ally had expected Treasury to sell the shares for $25 to $28 each, according to a regulatory filing.
Ally itself isn't selling any stock in the deal. Treasury said Wednesday that the sale will reduce its stake in the Detroit -based company, formerly known as GMAC, to 17% from 37%.
A senior Treasury official declined to comment on the government's plans to sell the remainder of its stake.
"I don't want to make any speculative comments given the fact that things could change in the market," the official said. "It could be quick, it could be longer, we're just going to take our time once our lockup period" ends.
Ally Chief Executive Michael Carpenter has previously said he thinks Ally could exit TARP by the end of the year.
Prior to the IPO, Ally had repaid about $15.3 billion of its $17.2 billion U.S. government bailout it received through the Troubled Asset Relief Program, or TARP. As a result of Treasury's sale, taxpayers will have recouped about $ 17.7 billion , Treasury said.
Potential investors have been weighing Ally's ability to improve profitability by growing its online-banking arm and replacing relatively costly financing with cheaper debt, market participants said before the IPO priced.
"At least at the onset, Ally Financial is going to be a story about improving return on tangible common equity through improvements in funding costs, and improvements in structural operating costs," said Mark Palmer , an analyst at brokerage firm BTIG LLC .
The company plans to improve its core return on tangible common equity--a measure of profitability--from 4% last year to 9% to 11% at the end of 2015, according to an online "roadshow" pitch to investors.
By this measure, Ally is significantly less profitable than many other lenders, in part because of its reliance on relatively pricey debt in recent years.
The company is looking to improve its returns by refinancing debt, slashing operating costs and growing its Ally Bank unit, an online-banking business that brings in deposits Ally Financial can use to fund higher-margin lending. The company's deposit base has grown rapidly in recent years thanks to aggressive marketing campaigns designed to present Ally as a friendlier bank than its larger brick-and-mortar peers.
"Near-term, the path to shareholder value creation is simply one of improving return on equity from unacceptably low levels," Ally Chief Executive Michael Carpenter said in the pitch to investors.
Ally is slated to open on the New York Stock Exchange Thursday under the symbol "ALLY." Citigroup Inc. is leading the IPO with Goldman Sachs Group Inc. , Morgan Stanley and Barclays .
Write to Matt Jarzemsky at matthew.jarzemsky@wsj.com and Andrew R. Johnson at andrewr.johnson@wsj.com
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(END) Dow Jones Newswires
04-09-14 1752ET
Copyright (c) 2014 Dow Jones & Company, Inc.
-------------------
6pm ET
DETROIT , April 9, 2014 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced the pricing of its initial public offering of 95,000,000 shares of common stock at a price to the public of $25 per share. The underwriters of the offering will have a 30-day option to purchase up to an additional 14,250,000 shares of common stock from the U.S. Department of the Treasury (Treasury) at the initial public offering price. Ally's common stock is expected to begin trading on the New York Stock Exchange on Thursday, April 10 , under the ticker symbol "ALLY."
All of the shares are offered by Treasury as part of its planned exit of its investment in Ally. After giving effect to the issuance and sale of shares in the initial public offering, Treasury will own 17 percent of the shares of Ally's outstanding common stock. Including the initial public offering, Treasury has recovered $17.7 billion on the Ally investment, which is approximately $500 million more than was originally invested in the company.
Citigroup, Goldman, Sachs & Co. , Morgan Stanley and Barclays are acting as joint global coordinators and joint book-running managers on the offering. Joint book-running managers also include BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan .
The prospectus relating to the offering may be obtained from Citigroup Global Markets Inc. , c/o Broadridge Financial Solutions , 1155 Long Island Avenue , Edgewood, NY 11717, or by calling (800) 831-9146; Goldman, Sachs & Co. , Prospectus Department, 200 West Street , New York, NY 10282, by calling (866) 471-2526, or by emailing
prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC , Attention: Prospectus Department, 180 Varick Street , 2nd Floor, New York, NY 10014, by calling (866) 718-1649, or by emailing
prospectus@morganstanley.com; and Barclays Capital Inc. c/o Broadridge Financial Solutions , 1155 Long Island Avenue , Edgewood, NY 11717, by calling (888) 603-5847, or by emailing
Barclaysprospectus@broadridge.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ally Financial Inc. Ally Financial Inc. is a leading automotive financial services company powered by a top direct banking franchise. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally Bank , the company's direct banking subsidiary and member FDIC , offers an array of deposit products, including certificates of deposit, savings accounts, money market accounts, IRA deposit products and interest checking. Ally's Commercial Finance unit provides financing to middle-market companies across a broad range of industries.
With approximately $151.2 billion in assets as of Dec. 31, 2013 , Ally operates as a financial holding company.
Contact Gina Proia 646-781-2692
gina.proia@ally.com
SOURCE Ally Financial
IMPV BBBY down RT up AH MidT
05:40 PM EDT, 04/09/2014 (MT Newswires) -- Here are some of the stocks moving in after-hours trading worth watching in Thursday's regular session.
IMPV, -34.4%, Cuts Q1 guidance below previous expectations, analyst estimates
RT, +11.5%, Q3 tops Street, company divests excess real estate
BBBY, -4.1%, Q4 EPS above consensus, sales fall short - Q1 guidance misses below Street
http://www.mtnewswires.com © 2014 MT Newswires, a Division of MidnightTrader, Inc. All rights reserved.
DCTH pos after R/S 1-16
Really got banged post R/S today. Closed .2925 which would be
4.68 Currently 3.65
Bit confusing on scans since some have it 3.65 +3.36
Funny how they calculate these things when they happen same day.
Be dif if calculate from prior day close.
TDA Streamer Ok for me & Snapshot
Doesn't seem anything changed. The QT/MT guys will help you.
V 3.9.8a is the exe file. TDA also ok with Snapshot fwiw.
AA out w/ weak guidance tho
16:03 News Bot: Alcoa (AA) Q1 Adj. EPS USD 0.09 vs. Exp. USD 0.05
16:06 *MW Alcoa swings to Q1 net loss of 16 cents/share
16:06 * Alcoa Says Still Expecting 7% Global Aluminum Demand Growth for 2014
Alcoa Beats on Q1 EPS, Shy on Sales - up 1% in Early After-Hours
WDFC Q2 here now
SAN DIEGO , April 8, 2014 /PRNewswire/ -- WD-40 Company (Nasdaq: WDFC) today reported net sales for the second quarter ended February 28, 2014 of $94.2 million , an increase of 9% from the second quarter last fiscal year. Year-to-date net sales were $189.7 million , up 4% from the same period last fiscal year.
Net income for the second quarter was $10.3 million , a decrease of 1% compared to the prior year fiscal quarter. Year-to-date net income was $21.8 million , an increase of 2% from the prior fiscal year period.
Summary
Second quarter multi-purpose maintenance products sales, which include the WD-40 ® and 3-IN-ONE® brands were $83.8 million , up 11% from the prior year fiscal quarter, and $167.8 million year-to-date, up 7% from the same period last fiscal year. The multi-purpose maintenance products are considered a primary focus for the Company. Homecare and cleaning products sales, which include all other brands, were $10.4 million for the second quarter, down 8%, and were $21.9 million year-to-date, down 11%, both as compared to the prior fiscal year periods. The U.S. homecare and cleaning products are considered harvest brands providing healthy profit returns to the Company and are becoming a smaller part of the business as the multi-purpose maintenance products sales grow.
Americas segment sales in the second quarter were $45.2 million , up 12% and were $89.3 million year-to-date, up 4% compared to the same periods last fiscal year period. The Europe , Middle East , Africa and India ("EMEA") segment sales in the second quarter were $38.1 million , up 16% from the prior year fiscal quarter and were $74.6 million , up 9% compared to the prior fiscal year period. Asia-Pacific segment sales were $10.9 million in the second quarter, down 21% and were $25.8 million year-to-date, down 8% compared to the same periods last fiscal year.
Diluted earnings per share were $0.67 in the second quarter, compared to $0.66 per share for the same quarter of the prior fiscal year. Year-to-date diluted earnings per share were $1.41 compared to $1.35 in the same period last fiscal year.
"We are pleased with our solid results for the quarter and remain confident that the hard work of our tribe members implementing our strategic initiatives will continue to drive strong results going forward," said Garry Ridge , WD-40 Company president and chief executive officer.
Net sales by segment as a percent of total net sales were as follows: for the Americas , 48% for the second quarter and 47% year-to-date; for EMEA, 40% for the second quarter and 39% year-to-date; and, for Asia-Pacific , 12% for the second quarter and 14% year-to-date.
"We had strong sales in the Americas and EMEA during the quarter that more than offset declines in Asia-Pacific ," Ridge said. "The sales declines in Asia-Pacific were due to a larger than normal backlog of orders that we were unable to ship during the quarter, the impacts of foreign currency exchange rates from our Australian operations as well as the softening economy and ongoing variability of the China market."
Gross margin was 51.6% in the second quarter compared to 50.9% in the same quarter last fiscal year. Year-to-date, gross margin was 51.8%, compared to 50.5% in the same period last fiscal year.
"We remain committed to maintaining our gross margins through diligence in managing our supply chain and making constant improvement in resources, systems and processes," Ridge said.
Selling, general and administrative expenses were up 11% in the second quarter to $26.7 million and were up 8% year-to-date to $53.4 million as compared to the same periods last fiscal year.
Advertising and sales promotion expenses were up 14% in the second quarter to $6.0 million compared to the same period last fiscal year and were up 2% year-to-date to $11.6 million compared to the same period last fiscal year.
"We expect advertising and sales promotion expenses to remain in line with our historic averages of 6.5% to 7.5% for the year," Ridge said.
In the second quarter, additional product offerings within the WD-40 Specialist® product line were released in certain markets and distribution of existing offerings was further expanded.
"We continue our focus on multi-purpose maintenance products and we doubled the sales of the WD-40 Specialist product line in the second quarter over the previous year fiscal quarter," Ridge said. "We were also able to achieve nearly double digit growth in global WD-40 multi-use product sales and plan to launch new products under our 3-IN-ONE brand later this fiscal year."
We continue to maintain the homecare and cleaning products, and they continue to generate positive cash flow even with the sales declines we have experienced," Ridge added.
Dividend and Share Buy-Back
As previously announced, WD-40 Company's board of directors declared on Tuesday, March 25, 2014 the regular quarterly cash dividend $0.34 per share payable on April 30, 2014 to shareholders of record on April 11, 2014 .
On June 18, 2013 , the board of directors approved a share buy-back plan, which authorizes the Company to acquire up to $60.0 million of its outstanding shares effective from August 1, 2013 through August 31 , 2015. During the second quarter of 2014, WD-40 Company acquired $17.0 million in shares under this plan.
Fiscal Year 2014 Guidance
WD-40 Company continues to expect fiscal year 2014 net sales of $383 million to $398 million and net income of $40.5 million to $42.8 million . We expect diluted earnings per share of $2.65 to $2.80 based on an estimated 15.3 million weighted average shares outstanding. Gross margin for the full year is expected to be close to 51%. We also expect advertising and promotion expenses of 6.5% to 7.5% of net sales. This guidance does not include any acquisitions or divestitures, and assumes that foreign currency exchange rates will remain close to current levels.
"We continue to be on a solid platform for growth and even with the variability in certain markets, the ongoing challenges of raw material costs and the impact of foreign currency exchange rates, we remain cautiously optimistic about the future," Ridge said. "We are pleased that we have been able to continue to provide our shareholders a positive return."
More detailed information will be available in WD-40 Company's Form 10-Q which will be filed on April 9, 2014 .
About WD-40 Company
WD-40 Company , with headquarters in San Diego , is a global consumer products company dedicated to delivering unique, high-value and easy-to-use solutions for a wide variety of maintenance needs of "doer" and "on-the-job" users by leveraging and building the brand fortress of the company. The company markets multi-purpose maintenance products – under the WD-40 ® and 3-IN-ONE® brand names. The company also markets homecare and cleaning brands: X-14® mildew stain remover and automatic toilet bowl cleaners, 2000 Flushes® automatic toilet bowl cleaners, Carpet Fresh® and No Vac® rug and room deodorizers, Spot Shot® aerosol and liquid carpet stain removers, 1001® household cleaners and rug and room deodorizers, and Lava® and Solvol® heavy-duty hand cleaners.
WD-40 Company currently markets its products in 188 countries worldwide and recorded sales of $368.5 million in fiscal year 2013. Additional information about WD-40 Company can be obtained online at http://www.wd40company.com.
Except for the historical information contained herein, this news release contains forward-looking statements concerning WD-40 Company's outlook for sales, earnings, dividends and other financial results. These statements are based on an assessment of a variety of factors, contingencies and uncertainties considered relevant by WD-40 Company . Forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from the forward-looking statements, including the impact of commodity prices, the introduction of new product lines and fluctuating global market conditions, including foreign currency exchange rates, both in the United States and internationally. The company's expectations, beliefs and projections are expressed in good faith and are believed by the company to have a reasonable basis, but there can be no assurance that the company's expectations, beliefs or projections will be achieved or accomplished.
The risks and uncertainties are detailed from time to time in reports filed by WD-40 Company with the SEC , including Forms 8-K, 10-Q, and 10-K, and readers are urged to carefully review these and other documents.
WD-40 COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited and in thousands, except share and per share amounts)
February August 31,
28,
2014 2013
Assets
Current assets:
Cash and cash equivalents $ 40,962 $ 53,434
Short-term investments 45,021 37,516
Trade accounts receivable, less allowance for doubtful
accounts of $717 and $540 at February 28, 2014
and August 31, 2013, respectively 63,042 56,878
Inventories 34,143 32,433
Current deferred tax assets, net 5,678 5,672
Other current assets 9,398 6,210
Total current assets 198,244 192,143
Property and equipment, net 9,054 8,535
Goodwill 95,522 95,236
Other intangible assets, net 25,056 24,292
Other assets 3,157 2,858
Total assets $ 331,033 $ 323,064
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 22,474 $ 19,693
Accrued liabilities 19,845 16,562
Revolving credit facility 73,000 63,000
Accrued payroll and related expenses 9,372 17,244
Income taxes payable 2,319 1,146
Total current liabilities 127,010 117,645
Long-term deferred tax liabilities, net 24,455 24,011
Deferred and other long-term liabilities 1,941 1,901
Total liabilities 153,406 143,557
Shareholders' equity:
Common stock authorized 36,000,000 shares, $0.001 par
value; 19,462,926 and 19,392,979 shares issued at
February 28, 2014 and August 31, 2013, respectively; 19 19
and 15,037,999 and 15,285,536 shares outstanding at
February 28, 2014 and August 31, 2013 , respectively
Additional paid-in capital 135,373 133,239
Retained earnings 225,860 214,034
Accumulated other comprehensive income (loss) 1,387 (5,043)
Common stock held in treasury, at cost 4,424,927 and
4,107,443 shares at February 28, 2014 and August 31, (185,012) (162,742)
2013, respectively
Total shareholders' equity 177,627 179,507
Total liabilities and shareholders' equity $ 331,033 $ 323,064
WD-40 COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited and in thousands, except per share amounts)
Three Months Ended Six Months Ended
February 28, February 28,
2014 2013 2014 2013
Net sales $ 94,184 $ 86,712 $ 189,725 $ 181,976
Cost of products sold 45,626 42,586 91,494 90,123
Gross profit 48,558 44,126 98,231 91,853
Operating expenses:
Selling, general and administrative 26,651 23,956 53,350 49,285
Advertising and sales promotion 6,001 5,270 11,616 11,337
Amortization of definite-lived intangible assets 654 465 1,246 931
Total operating expenses 33,306 29,691 66,212 61,553
Income from operations 15,252 14,435 32,019 30,300
Other income (expense):
Interest income 158 195 289 257
Interest expense (226) (176) (441) (301)
Other (expense) income, net (229) 535 (443) 587
Income before income taxes 14,955 14,989 31,424 30,843
Provision for income taxes 4,638 4,528 9,625 9,438
Net income $ 10,317 $ 10,461 $ 21,799 $ 21,405
Earnings per common share:
Basic $ 0.67 $ 0.67 $ 1.42 $ 1.36
Diluted $ 0.67 $ 0.66 $ 1.41 $ 1.35
Shares used in per share calculations:
Basic 15,202 15,585 15,241 15,639
Diluted 15,272 15,679 15,319 15,744
Dividends declared per common share $ 0.34 $ 0.31 $ 0.65 $ 0.60
WD-40 COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited and in thousands)
Six Months Ended
February 28,
2014 2013
Operating activities:
Net income $ 21,799 $ 21,405
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation and amortization 2,849 2,438
Net gains on sales and disposals of property and (33) (5)
equipment
Deferred income taxes (335) 263
Excess tax benefits from settlements of stock-based (820) (528)
equity awards
Stock-based compensation 1,479 1,369
Unrealized foreign currency exchange losses (gains), net 132 (822)
Provision for bad debts 174 382
Changes in assets and liabilities:
Trade accounts receivable (4,885) (2,203)
Inventories (1,387) (4,075)
Other assets (3,309) (2,543)
Accounts payable and accrued liabilities 5,470 2,770
Accrued payroll and related expenses (9,603) 1,204
Income taxes payable 2,744 2,610
Deferred and other long-term liabilities 32 58
Net cash provided by operating activities 14,307 22,323
Investing activities:
Purchases of property and equipment (1,991) (1,151)
Proceeds from sales of property and equipment 171 70
Purchases of intangible assets (1,776) -
Purchases of short-term investments (5,643) (31,279)
Maturities of short-term investments 908 1,037
Net cash used in investing activities (8,331) (31,323)
Financing activities:
Proceeds from revolving credit facility 10,000 5,000
Dividends paid (9,973) (9,441)
Proceeds from issuance of common stock 1,241 2,451
Treasury stock purchases (22,270) (12,414)
Excess tax benefits from settlements of stock-based 820 528
equity awards
Net cash used in financing activities (20,182) (13,876)
Effect of exchange rate changes on cash and cash 1,734 (1,229)
equivalents
Net decrease in cash and cash equivalents (12,472) (24,105)
Cash and cash equivalents at beginning of period 53,434 69,719
Cash and cash equivalents at end of period $ 40,962 $ 45,614
SOURCE WD-40 Company
New Highs & Lows Nas
New Highs 18
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Bel Fuse B BELFB 24.00 15,045
CHS Cum. Pfd. Cl B 2 CHSCN 27.20 29,903
Compressco Partners GSJK 29.99 19,694
Elbit Systems ESLT 63.75 27,751
Escalade ESCA 14.70 53,845
Grupo Galicia GGAL 13.87 429,603
Insight Enterprises NSIT 26.27 150,670
Nutraceutical Intl NUTR 29.15 12,187
OBA Finl Services Inc OBAF 23.00 400,666
RadNet RDNT 4.07 1,034,528
Remy International REMY 26.55 339,519
A Schulman SHLM 38.20 283,775
TFS Fincl TFSL 13.03 201,482
Vertex Energy VTNR 7.99 485,396
Vocus VOCS 17.95 3,588,001
Wayside Tech Group WSTG 23.40 71,246
Westmrlnd Coal Dep pfd A WLBPZ 54.40 3,534
WidsomTree Mid East Div GULF 23.65 45,963
New Lows 33
COMPANY SYMBOL LOW VOLUME
------- ------ ---- ------
Antares Pharma Inc. ATRS 3.26 901,243
Aquinox Pharmaceuticals AQXP 9.10 31,965
ArQule ARQL 1.86 215,714
Borderfree Inc. BRDR 14.16 134,133
CM Finance Inc. CMFN 14.00 233,186
Catamaran Corp. CTRX 40.72 2,021,710
Celator Pharmaceuticals CPXX 2.04 43,909
Chart Industries GTLS 73.08 267,695
Comstock Hldg Cl A CHCI 1.49 99,637
Concert Pharmaceuticals CNCE 11.37 59,142
Crumbs Bake Shop CRMB 0.47 297,992
Dicerna Pharmaceuticals DRNA 20.19 153,092
EarthLink Holdings Corp. ELNK 3.37 578,783
Five9 Inc. FIVN 7.06 297,875
Galmed Pharmaceuticals GLMD 8.78 83,830
Global-Tech GAI 5.39 5,132
Gordmans Stores GMAN 5.06 25,918
Heat Biologics Inc. HTBX 5.95 10,548
Hutchinson Tech HTCH 2.64 90,575
Ignyta Inc. RXDX 6.36 215,049
James River Coal Co JRCC 0.32 7,933,673
Lands' End Inc. LE 26.56 1,016,126
MediWound Ltd. MDWD 10.82 182,712
NewLead Hldg Ltd NEWL 0.86 4,602,268
Paylocity Holding Corp. PCTY 19.17 192,801
Procera Networks PKT 9.49 185,954
Quality Systems QSII 15.81 156,926
THL Credit TCRD 13.70 196,317
Tandem Diabetes Care Inc. TNDM 18.29 117,636
Territorial Bancorp TBNK 20.50 13,817
Trevena Inc. TRVN 5.76 89,873
Varonis Systems Inc. VRNS 27.50 411,073
VIVUS VVUS 4.94 2,428,430
s-Split or stock dividend of 10 percent or more in the past 52 weeks.
n-New issue in past 52 weeks and does not cover the entire 52 week period.
Source: WSJ Market Data Group
(END) Dow Jones Newswires
04-08-14 1421ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Did ETrade cut off streamer?
Second day that the streamer is asking for login. Ok at their site. Maybe they ended it. Switched a few ports to Yahoo for now until find it is for real. TDA still works.
I guess the new MT beta works ok w/ ET? Thanks.
Oil futures near 102.50, Fed
13:59 * UPDATE Kocherlakota Says Central Bank Should Look at Lowering Fed Funds Rate More
By Myra P. Saefong and William L. Watts , MarketWatch
SAN FRANCISCO (MarketWatch) -- Oil futures topped $102 a barrel on Tuesday as tensions flared up in Ukraine and the U.S. dollar traded sharply lower, setting prices up for their highest settlement in a month.
Expectations for a climb in weekly U.S. crude inventories and the potential for more supplies from Libya had put a cap on price gains earlier on in the trading session.
Crude oil for May delivery (CLK4) rallied $1.69 , or 1.7%, to $102.13 a barrel on the New York Mercantile Exchange . Tracking the most-active contracts, prices haven't closed above $102 since March 7 , FactSet data show.
On the ICE Futures exchange, May Brent crude , the European benchmark, also rose $1.34 , or 1.3%, to $107.16 a barrel.
Ukrainian police on Tuesday took back control of a government building occupied by pro-Russian separatists in one eastern Ukraine city, while Russian police warned that the use of force to dislodge demonstrators could push the country into civil war.
Oil prices had fallen 0.7% on Monday, with Brent leading the way on reports Libya was close to reopening two oil ports following an agreement with rebels to allow four oil ports to reopen.
"The crude complex is finding a number of pockets of support ... as Russia calls on Ukraine to halt military preparations or risk a civil war," said Matt Smith , a commodity analyst at Schneider Electric . "Meanwhile, after relinquishing control of two ports yesterday, Libyan rebels are expected to hand over control of two other ports to the government in the coming weeks."
A sharp decline in the U.S. dollar also contributed support to dollar-denominated oil prices on Tuesday. The euro (EURUSD) rose against the dollar, rebounding after comments last week from European Central Bank President Mario Draghi suggesting that the ECB was considering quantitative easing as an option to fight falling inflation pressured the euro.
Data watch
The focus in the oil markets is also turning to petroleum supply data due later Tuesday from the American Petroleum Institute and from the Energy Information Administration Wednesday morning, covering the week ended April 4 .
Analysts surveyed by Platts expect to see a climb of 2.5 million barrels in crude supplies, along with a decline of 1.3 million barrels in gasoline stockpiles and a fall of 800,000 barrels in distillates, which include heating oil.
On Nymex, May gasoline (RBK4) was last up nearly 4 cents , or 1.3%, to $2.96 a gallon, while May heating oil (HOK4) rose almost 3 cents , or 1%, to $2.92 a gallon following declines for both in the previous session.
There could be "minimal impact" from Wednesday's petroleum-supply numbers, though Ukraine is stealing the headlines and driving prices for now, said Casey Clark , senior trading advisor at Altavest.
In a monthly Short-term Energy Outlook report issued Tuesday, the EIA raised its average price forecast for West Texas Intermediate crude to $95.60 a barrel from a previous forecast of $95.33 . It also lowered its 2014 Brent crude forecast to $104.88 from $104.92 and 2015 natural-gas price forecast to $4.11 per million British thermal units from $4.14 .
On Tuesday, May natural-gas futures (NGK14) on Nymex tacked on 6 cents , or 1.4%, to $4.54 per million British thermal units after a 0.8% gain on Monday.
A report from the EIA on Tuesday said that natural gas-fired power plants accounted for just over 50% of new utility-scale U.S. generating capacity added in 2013, and that 60% of the natural-gas capacity added last year was located in California .
More news from MarketWatch:
New York Times is wrong about Buffett's alpha
Time to dump high-dividend stocks
Dennis Gartman : 'Scared' and getting out of stocks for now
- Myra P. Saefong ; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
04-08-14 1343ET
AA WDFC SAIC outlook Tues
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Tuesday's session are Alcoa Inc., WD-40 Co., and SAIC.
Alcoa (AA) is projected to report first-quarter earnings of 5 cents a share, according to a consensus survey by FactSet. The stock's rating was raised to hold from sell and its target price also hiked to $10 from $7.50 at Deutsche Bank on Monday.
WD-40 (WDFC) is forecast to post fiscal second-quarter earnings of 68 cents a share. "We think WDFC could post strong multi-purpose maintenance product sales in the Philippines due to typhoon clean-up efforts; Philippines is one of the largest markets in WDFC's Asia Pacific distributor segment, which is over 6% of total sales," said Linda Bolton Weiser at B. Riley & Co.
SAIC (SAIC) is expected to post fourth-quarter earnings of 67 cents a share. Analyst Jason Kupferberg at Jefferies noted that he is cautious about SAIC's results due to signs that overall government spending and award activity has worsened since the previous quarter.
- Sue Chang ; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
04-07-14 1636ET
16:35 News Bot: RANsquawk - Today's Trading Edge
TIME: 2019BST
NEWS: Hercules Offshore (HERO) mentioned positively on CNBC
REACTION: In an immediate reaction, HERO shares rose 4.8% from USD 4.35 to USD 4.56. In the following 5 minutes, Co. shares extended on gains to bring the total move higher to 5.8%
TIME: 1957BST
NEWS: Yaron Weber is to appear on CNBC Fast Money tonight; RANsquawk sources not that he may be positive on Prosensa Holding (RNA) - Unconfirmed
REACTION: In an immediate reaction, RNA shares rose 8.7% from USD 5.3 to USD 5.78
TIME: 1915BST
NEWS: Revolution Lighting Tech (RVLT) signs master distribution agreements to expand international footprint and drive penetration in the EU and South America
REACTION: In an immediate reaction, RVLT shares rose 6.8% from USD 3.00 to USD 3.21
TIME: 1854BST
NEWS: World Wrestling Enterprise (WWE) upgraded to buy from neutral at Sidoti
REACTION: In an immediate reaction WWE shares rose 3.4% from USD 22.61 to USD 23.38
TIME: 1835BST
NEWS: RANsquawk sources report that Walter Energy (WLT) have cancelled out of a conference – Unconfirmed. The RANsquawk analyst immediately pointed out over on the audio that Walter Energy have been the subject of takeover speculation in the past
REACTION: In an immediate reaction, WLT shares rose 1.7% from USD 8.06 to USD 8.20
TIME: 1833BST
NEWS: Puma Biotechnology (PBYI) says Neratinib has positive results in trial
REACTION: In an immediate reaction, PBYI shares rose 2.2% from USD 109.52 to USD 112.02
TIME: 1721BST
NEWS: Wedbush's Pachter says Zynga (ZNGA) can become a USD 10 - USD 15 stock in some conditions
REACTION: In immediate reaction Co. shares moved 1.5% higher in a move from USD 4.19 to USD 4.25
TIME: 1613BST
NEWS: Sandridge (SD) considering spin-off of water disposal business
REACTION: In the immediate reaction, SD shares rose 1.8% from USD 6.36 to USD 6.41
TIME: 1600BST
NEWS: Immunomedics (IMMU) reports multiple partial responses with IMMU-132
REACTION: In the immediate reaction, IMMU shares rose 4.5% from USD 4.04 to USD 4.22
TIME: 1538BST
NEWS: RANsquawk sources report that Sarepta Therapeutics (SRPT) has cancelled out of Needham conference – Unconfirmed.
REACTION: Shares were initially unmoved, however the rumours were confirmed at 1558BST - a full 20 minutes after RANsquawk reported the news - spiking shares higher by 1.9% from USD 22.70 to USD 23.14
(RANsquawk)
MU Q2 Sales $4.11B vs $3.99B Est. SEAC
16:05 ET
* Micron Reports Q2 Sales $4.11B vs $3.99B Est.
---------
16:06 ET
SeaChange International, Inc. (NASDAQ: SEAC) reports Q4 EPS of $0.02 versus the estimated $0.02 , inline. EPS were Down 93% from the same quarter last year. Revenue came in at $35.60M versus the estimated $35.04M . Sales were Down 20% year over year.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
VIZSd "Toilet prep" lol
Pinks & Grays don't need any board or regs. Deregistered & no audits. Please....
Financial Reporting/Disclosure
Reporting Status Dark: Alternative Reporting Standard
Deregistered a/o Oct 20, 2010
Audited Financials Unaudited
Latest Report Feb 28, 2013 Quarterly Report
CIK 0001436089
Fiscal Year End 5/31
OTC Marketplace OTC Pink No Information
Profile Data
SIC - Industry Classification 2844 - Toilet preparations
Mass sues COCO alleged unfair loans
12:33 News Bot: Massachusetts sues Corinthian Colleges (COCO) for alleged unfair loans
MASS sues COCO alleged unfair loans
12:33 News Bot: Massachusetts sues Corinthian Colleges (COCO) for alleged unfair loans
TSLA MNKD news
14:57 News Bot: Ohio Senate oks a deal allowing Tesla (TSLA) to sell cars, according to AP
14:57 News Bot: Alaska North Slope March output 546,519bpd
14:57 News Bot: The Street's Adam Feuerstein tweets that the FDA panel discussion so far is a blow-out win for MannKind (MNKD), and for Type 1 data
TSLA MNKD news
14:57 News Bot: Ohio Senate oks a deal allowing Tesla (TSLA) to sell cars, according to AP
14:57 News Bot: Alaska North Slope March output 546,519bpd
14:57 News Bot: The Street's Adam Feuerstein tweets that the FDA panel discussion so far is a blow-out win for MannKind (MNKD), and for Type 1 data
mixed bag 10am ISM Manuf & the week
10:00 News Bot: US ISM Manufacturing (Mar) M/M 53.7 vs. Exp. 54.0 (Prev. 53.2)
10:00 News Bot: US Construction Spending (Feb) M/M 0.1% vs. Exp. 0.0% (Prev. 0.1%, Rev. -0.2%)
10:00 News Bot: US IBD/TIPP Economic Optimism (Apr) M/M 48.0 vs. Exp. 46.0 (Prev. 45.1)
----------
The following are forecasts for this week's remaining data from a survey compiled Friday and Monday.
DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS
(ET)
Wednesday 0815 ADP Jobs Svy Mar +200K (17) +139K
1000 Factory Orders Feb +1.2% (27) -0.7%
Thursday 0830 Jobless Claims Mar 29 320K (26) 311K
0830 US Trade Deficit Feb $38.6B (31) $39.1B
1000 ISM Non-Mfg PMI Mar 53.5 (31) 51.6
Friday 0830 Nonfarm Payrolls Mar +200K (33) +175K
0830 Unemployment Rate Mar 6.6% (32) 6.7%
0830 Avg Hrly Wage Mar +0.2% (24) +0.4%
(Figures in parentheses refer to number of economists surveyed.)
Write to Kathleen Madigan at kathleen.madigan@wsj.com
(END) Dow Jones Newswires
04-01-14 1000ET
Copyright (c) 2014 Dow Jones & Company, Inc.
APOL that is funny COCO
When you throw in COCO actions too it reallly is a laugh riot.
APOL will Outperform its truly stinky numbers which are seen
becoming "less worse", maybe, hopefully, I promise, believe me.
Ahh I see "less worse" than COCO where law hounds concerned.
report "less worse" Q2 enrollment trends. The firm keeps an Outperform rating on the shares
------
NEW YORK , Feb. 6, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Corinthian Colleges Inc. ("Corinthian" or the "Company") (NASDAQ: COCO), concerning whether the board has breached its fiduciary duties to shareholders.
(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO )
Corinthian has long been plagued with regulatory and compliance problems. On February 5, 2014 , the Company disclosed that it had received a letter from the U.S. Department of Education seeking extensive documentation of job placement rates. The falsification of job placement rates is a particularly serious problem for education providers because it can result in the loss of eligibility to receive Title IV student loan funds.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Corinthian shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq. Matthew M. Houston, Esq. Benjamin I. Sachs-Michaels, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email:
bsachsmichaels@hfesq.com Website: http://www.hfesq.com
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2014 Harwood Feffer LLP . The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
Redbook numbers
08:55 News Bot: US Redbook (Apr 1) M/M -0.5% vs. Prev. -0.4%
- US Redbook (Apr 1) Y/Y 2.3% vs. Prev. 3.1%
(RTRS)
National chain-store sales rose 2.7% in the first four weeks of March from the comparable period in February, according to Redbook Research's latest indicator, released Tuesday.
The index's increase compared with a target for growth of 2.9%.
March is a five-week month on the retail calendar ending April 5 .
The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period edged down 0.5% from a year earlier, compared with a target for a decrease of 0.3%.
For the fourth week of March, sales rose 2.3% from a year earlier.
Redbook noted that retailers faced the toughest comparisons of the month because the year-earlier period included the pre-Easter shopping week. The difference should be made up in April when this year's Easter sales get under way, Redbook said.
Write to Tess Stynes at tess.stynes@wsj.com
(END) Dow Jones Newswires
04-01-14 0904ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Couple FT UK headlines
Need sub for full stories.
7pm ET tonight from FT.COM pointing to some things ahead. Brit
costs for National Health always catches my eye. Huge sinkhole.
New NHS chief warns of need for shake-up
The traditional model of British healthcare will have to change as the NHS faces the “most sustained budget crunch in its 66-year history”, the incoming head of the English health service will say on Tuesday
--------------
Taxpayers lost out to big investors on Royal Mail IPO
Blue-chip investors made “substantial” profits from selling their allocation of Royal Mail shares within week’s of last autumn’s controversial flotation while taxpayers lost out, the public spending watchdog has found
PLUG technical outlook $8.48 key
* Plug Power - Getting Charged Up To Rally?
Plug Power (NASDAQ: PLUG) shares have settled down over the last three trading sessions.
Last week, the issue spiked to $8.48 when the company's CEO made comments regarding a pending deal for the company. However, PLUG was not able to sustain that level when traders realized that the new order is for fuel cells for forklifts.
Since this product was already the primary revenue generator for the company, this news was really nothing new. After Citron Research's scathing report on the company brought the issue down from $11.72 to $5.33 , investors were anticipating either a new product or new partnership after reading the initial headlines.
Interestingly, the $8.48 level holds major significance from technical perspective for a few different reasons.
First of all, $8.48 is the exact level PLUG rebounded to on March 13 following the steep decline to $5.33 instigated by the Citron Research report. Also, it represents a 50 percent rebound from its recent March 11 high ($11.72) to its March 21 panic low ($5.33) .
Therefore, technical traders, who could care less about the fundamentals of the company, will be keying on this level to either cover shorts or to re-enter the issue when it has upward momentum.
See also: GM Halts Deliveries On Some Chevrolet Cruze Models
For now, the shorts are still in control as the issue has retreated to the $7.00 and has posted nearly identical closes over the last two sessions ( $6.89 and $6.90 ). Also, PLUG is trading a lot volume in Monday's session at the $7.00 level. After not being able to maintain that crucial level off the open, PLUG declined to the double close level, reaching $6.92 before rebounding.
Along with posting similar closes, PLUG has provided traders with a key resistance level as well. After posting highs on Thursday ($7.19) and Friday ($7.15) , PLUG has again attracted sellers near this level as it has peaked at $7.25 so far in Monday's session.
The bad news for the bears is that PLUG the issue has made a higher low in five of the last six trading sessions since bottoming out at $5.33 . The only day with a lower low being March 28 , when PLUG traded to $6.21 after its March 27 low of $6.26 . While it has interrupted the string of higher lows, bulls can argue that PLUG has double bottom in place that is the protecting the low of move.
Also, it may indicate the bears are getting nervous since they must now compete with bulls that missed out on PLUG's first run and are determined to build a long position. The technical pattern of PLUG surely reveals this kind of trading activity with support slowly moving up.
So while the bulls and bears battle it out at the $7.00 level, how should the retail investor approach the issue? Answer: With caution. Since the average retail investor does not play issues from the short side, let's analyze the issue from the long side.
If still bullish on the fundamentals of the company or you're being lured in by its technical set-up, a trade would be hopeful the low of the move is in. Entering at the $7.00 level and exiting if it breaches the recent low limits the loss to roughly two points.
For the trade to be profitable, the company will need to announce a deal outside of the 'fuel cell forklift' arena to attract the fundamental investors. Or and more likely, a breakout above its major resistance at $8.48 may be the impetus to spark a covering rally that may take PLUG back to being a double digit stock.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CWTR Bk story, mystery @0.20
Wonder what it says for the JOEZ WTSL ones this time around. They were bouncers in past when <1 but I bet less fluff this time, esp WTSL.
Can Use a Few Less Women's Apparel Chains -- Market Talk
12:51 EDT - Women's apparel has seen lots of struggles dating back to before the financial crisis, yet few chains have found themselves in serious-enough trouble to close the doors. Time will tell if Coldwater Creek (CWTR) can avoid that fate as it's poised to file for bankruptcy protection as soon as next week. But retail can certainly do with a few less women's apparel sellers, many of which have lots of overlap in their product offerings and not enough sales to warrant stand-alone status. CWTR, which has had to release F4Q results and has been paring stores in recent years, said in mid-October it would review its options and disclosed weeks later that 3Q same-store sales slumped 17%. It hasn't been profitably since mid-2010. Shares tumble 71% to 20c. ( kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
03-31-14 1251ET
Copyright (c) 2014 Dow Jones & Company, Inc.
-------------
Women's retailer Coldwater Creek Inc. is preparing to file for bankruptcy- court protection within about a week as it contends with a high debt load, declining sales and broader industry struggles, people familiar with the matter said.
Coldwater Creek , known for its catalogs selling a variety of women's clothes and accessories as well as mall-based retail stores, has struggled for months. Attempts to avoid a bankruptcy filing by refinancing debt or selling itself to a private-equity buyer were ultimately unsuccessful, these people said.
The company's postbankruptcy strategy isn't clear. Coldwater Creek carries about $353 million in total debt, which includes about $180 million in current liabilities, according to its most recent earnings filing.
In addition to its catalog business and retail stores, Coldwater Creek operates factory stores, an e-commerce business and seven spas in the U.S., according to its website.
The company, which is publicly traded but partially owned by private-equity firm Golden Gate Capital , posted sales of about $155 million for the quarter ended Nov. 2, 2013 , compared with $188 million in the year-earlier period, according to its most recent filing.
Coldwater Creek's struggles mirror those of the broader retail sector. Many retailers posted underwhelming holiday sales, and some face severe distress.
Brookstone Inc. is preparing to file for bankruptcy in the coming days, with plans to be sold to another specialty retailer. In March, plus-size women's retailer Ashley Stewart Holdings Inc. filed for bankruptcy protection. Women's clothing retailer Dots LLC filed for bankruptcy in January, and about a month earlier discount retailer Loehmann's Holdings Inc. filed for Chapter 11 protection and is now shutting down its stores.
Write to Emily Glazer at emily.glazer@wsj.com and Dana Mattioli at dana.mattioli@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
03-31-14 1233ET
Copyright (c) 2014 Dow Jones & Company, Inc.
-------------
LONDON , March 26, 2014 /PRNewswire/ --
On Tuesday, March 25, 2014 , the NASDAQ Composite finished at 4,234.27, up 0.19%, the Dow Jones Industrial Average gained 0.56% to end the session at 16,367.88, and the S&P 500 closed at 1,865.62, up 0.44%. The gains were broad based with nine out of ten sectors ending the session in positive. The S&P 500 Consumer Discretionary Sector Index finished the day at 512.49, down 0.64%, and the same has declined 1.83% in the last one month. Investor-Edge has initiated coverage on the following equities: The Wet Seal Inc. (NASDAQ: WTSL), Abercrombie & Fitch Co. (NYSE: ANF), ANN Inc. (NYSE: ANN) and Chico's FAS Inc. (NYSE: CHS). Free technical research on WTSL, ANF, ANN and CHS can be downloaded upon signing up at: http://www.investor-edge.com/515-register Shares in The Wet Seal Inc. closed at $1.11 on Tuesday, which is 11.90% lower than the previous day's closing price of $1.26 . A total of 6.90 million shares were traded as compared with three months average volume of 0.94 million. The company's shares oscillated between $1.08 and $1.31 during the trading session. Wet Seal Inc.'s shares have fallen by 36.57% each, in the previous three trading sessions and in the last one month, while the stock is down 59.34% on YTD basis. The company stock is trading below its 50-day and 200-day moving averages of $2.05 and $3.36 , respectively. Furthermore, the stock is trading at a Relative Strength Index (RSI) of 22.41. Sign up today to read free research on WTSL at: http://www.investor-edge.com/515-WTSL-26Mar2014.pdf On Tuesday, shares in Abercrombie & Fitch Co. edged 1.75% lower, finishing the session at $38.66 . The stock recorded a trading volume of 1.87 million shares which is below the three months average volume of 2.85 million. The company's shares fluctuated between $38.26 and $39.86 during the session. The stock traded at a PE ratio of 19.01. Shares in Abercrombie & Fitch Co. have declined 1.98% in the previous three trading sessions, while the same has gained 7.42% in the last one month and 17.47% on YTD basis. The stock is trading above its 50-day moving average. Abercrombie & Fitch Co.'s 200-day moving average of $39.19 is above its 50-day moving average of $36.85 . Moreover, shares of the company are trading at an RSI of 56.65. Sign up today to read free research on ANF at: http://www.investor-edge.com/515-ANF-26Mar2014.pdf ANN Inc.'s stock recorded a trading volume of 1.54 million shares, as compared with a three months average volume of 1.02 million shares. The stock ended the session at $41.35 , down 1.64%, after vacillating between $41.03 and $42.62 . Shares of the company traded at a PE ratio of 18.88. ANN Inc.'s shares have advanced 11.07% in the previous three trading sessions, 18.14% in the last one month and 13.10% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $34.91 and $34.68 , respectively. Furthermore, the stock is trading at an RSI of 79.14. Sign up today to read free research on ANN at: http://www.investor-edge.com/515-ANN-26Mar2014.pdf Chico's FAS Inc.'s stock witnessed trading of 2.09 million shares on Tuesday, which is below the three months average volume of 2.11 million shares. The stock ended the day at $16.08 , down 1.71% after trading between $16.06 and $16.46 . Shares of the company traded at a PE ratio of 22.85. Chico's FAS Inc.'s shares have fallen by 1.11% in the previous three trading sessions, 8.64% in the last one month and 14.65% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $16.82 and $17.06 , respectively. Additionally, shares of the company are trading at an RSI of 44.58. Sign up today to read free research on CHS at: http://www.investor-edge.com/515-CHS-26Mar2014.pdf EDITOR'S NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com. 5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com. 6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Investor-edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Investor-edge is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Investor-edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-edge does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute .
SOURCE Investor-Edge
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----
CWTR to file Bk in week, $0.18 area
Women's retailer Coldwater Creek Inc. is preparing to file for bankruptcy- court protection within about a week as it contends with a high debt load, declining sales and broader industry struggles, people familiar with the matter said.
Coldwater Creek , known for its catalogs selling a variety of women's clothes and accessories as well as mall-based retail stores, has struggled for months. Attempts to avoid a bankruptcy filing by refinancing debt or selling itself to a private-equity buyer were ultimately unsuccessful, these people said.
The company's postbankruptcy strategy isn't clear. Coldwater Creek carries about $353 million in total debt, which includes about $180 million in current liabilities, according to its most recent earnings filing.
In addition to its catalog business and retail stores, Coldwater Creek operates factory stores, an e-commerce business and seven spas in the U.S., according to its website.
The company, which is publicly traded but partially owned by private-equity firm Golden Gate Capital , posted sales of about $155 million for the quarter ended Nov. 2, 2013 , compared with $188 million in the year-earlier period, according to its most recent filing.
Coldwater Creek's struggles mirror those of the broader retail sector. Many retailers posted underwhelming holiday sales, and some face severe distress.
Brookstone Inc. is preparing to file for bankruptcy in the coming days, with plans to be sold to another specialty retailer. In March, plus-size women's retailer Ashley Stewart Holdings Inc. filed for bankruptcy protection. Women's clothing retailer Dots LLC filed for bankruptcy in January, and about a month earlier discount retailer Loehmann's Holdings Inc. filed for Chapter 11 protection and is now shutting down its stores.
Write to Emily Glazer at emily.glazer@wsj.com and Dana Mattioli at dana.mattioli@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
03-31-14 1233ET
Copyright (c) 2014 Dow Jones & Company, Inc.
Deloitte's Q1 Signals survey - CFOs
8:37 am ET
NEW YORK , March 31, 2014 /PRNewswire/-- According to Deloitte's first quarter (Q1) CFO Signals™ survey, chief financial officers (CFOs) are less optimistic regarding the growth prospects of their organizations in 2014 than they have been at the start of each of the previous three years. Moreover, year-over-year earnings projections by CFOs hit an all-time survey low of 7.9* percent, compared to 12.1* percent one year ago. Despite their tentativeness, however, most CFOs continue to indicate a bias toward growth over reducing costs and are still focused on pursuing opportunities rather than limiting risk.
us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting" border="0" alt="As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting" align="middle" src="http://photos.prnewswire.com/prnvar/20120803/MM52028LOGO-a">
The quarterly survey, which tracks the thinking and actions of more than 100 CFOs from North American organizations averaging more than $5 billion in annual revenue, recorded a fall in the proportion of CFOs expressing improved optimism regarding the prospects of their organizations (relative to the prior quarter). For the first quarter of 2014, 47 percent of CFOs expressed improved optimism while 20 percent expressed declining optimism – for a net optimism of +27 percentage points. This is down from the +33 recorded in the previous quarter and stands at the lowest for any first quarter since the survey began in 2010. By comparison, net optimism in the first quarter of 2013 was +32 percentage points.
In line with the declining optimism, CFOs' expectations for other key metrics recorded their lowest levels for a first quarter since the survey began, despite the bounce historically enjoyed at the start of the year. CFOs' year-over-year expectations for sales growth sit at 4.6* percent – a slight rebound from last quarter's survey low of 4.1* percent, but below the 5.4* percent recorded for the same quarter in 2013. Capital spending growth expectations fell from 7.8* percent in the first quarter of 2013 to 6.5* percent this quarter and remained little changed from last quarter. Expectations for domestic hiring improved marginally over Q1 2013, though the forecast of 1.0* percent growth is below last quarter's and remains below the survey's historical average of 1.6 percent.
Despite the low company-specific forecasts, CFOs did register increasing optimism regarding the North American and European economies. The percentage of CFOs who view the North American economy either as good and not getting worse or as likely to be better in a year, rose from 60 percent last quarter to 72 percent in Q1. Likewise, for Europe the figure rose from 23 percent of CFOs in the fourth quarter to 34 percent in Q1. The figure for China remained stable at 50 percent.
"We normally see a clear boost in CFOs' sentiment and expectations in the first quarter of a calendar year, but the effects are far weaker this time," said Sanford Cockrell III , national managing partner, Deloitte LLP and leader of the CFO Program. "There are clear concerns emerging on the stability of the economic recovery, price stagnation and flat employment affecting consumer demand. These are constraining expectations for 2014, but organizations still remain generally focused on growth over risk."
For 2014, CFOs say more than half of capital spending (51 percent) is slated for growth and innovation, and most (58 percent) say their preferred approach to growth is to focus on a few targeted opportunities. They also say that U.S. and China markets are central to the growth plans of their organizations; and, further, that the U.K. , Germany and much of Latin America are important as well.
"It's a positive sign that organizations are focusing on growth, but expectations for capital investment are not strong by historical standards," noted Greg Dickinson , director, Deloitte LLP , who manages the North American CFO Signals survey. "This quarter's findings suggest many CFOs plan to direct substantial proportions of their cash to shareholders this year, with both dividends and share buybacks gaining momentum."
Additional findings from the Deloitte Q1 CFO Signals survey include:
-- Dividends and share buybacks on the rise:Nearly 30 percent of CFOs, who
have the option to pay dividends, say they will significantly increase
dividends this year, and roughly the same proportion expect a major
buyback. In addition, mean expectations for year-over-year dividend
growth reached a three and a half year survey high of 5.7* percent.
-- Organizations continue to adapt in material ways to business
conditions:Nearly one-quarter of CFOs (23 percent) expect a fundamental
change to their business strategy over the next year. Many CFOs also say
their organizations are continuing to expand and refine their business
with 21 percent expecting a substantial merger or acquisition, 14
percent expecting to discontinue the operation of a business unit and 16
percent expecting a substantial divestiture.
-- Consumer demand and regulation concern CFOs: Key concerns this quarter
focus on regulation, faltering economies, sluggish job growth and
slowing consumer demand. However, worries related to quantitative easing
and its potential unwinding were less pronounced this quarter.
-- Affordable Care Act (ACA) continues to impact health care costs:Sixty
percent of CFOs now say they plan to pass health care costs on to
employees, and 12 percent expect to pass costs on to customers.
Twenty-three percent of CFOs say they expect to reduce the scope of
benefits offered to some employees and 16 percent expect to reduce the
level or value of benefits provided.
To download a copy of the survey, please visit: www.deloitte.com/us/cfosignals2014Q1 .
*All numbers with an asterisk are averages that have been adjusted to eliminate the effects of stark outliers.
About The Deloitte CFO Survey The Deloitte CFO Signals™ survey for the first quarter of 2014 was conducted between February 7, 2014 and February 21, 2014 . Eighty-one percent of the 109 CFO respondents were from organizations with more than $1 billion in annual revenues, and 69 percent were from publicly-traded organizations.
Each quarter, CFO Signals tracks the thinking and actions of CFOs representing many of North America's largest and most influential organizations. This report summarizes CFOs' opinions in four areas: business environment, company priorities and expectations, finance priorities, and CFOs' personal priorities.
For more information about Deloitte's CFO Signals, or to inquire about participating in the survey, please contact NACFOSurvey@deloitte.com.
About Deloitte's CFO Program The CFO Program brings together a multidisciplinary team of Deloitte leaders and subject matter specialists to help CFOs stay ahead in the face of growing challenges and demands. The Program harnesses our organization's broad capabilities to deliver forward thinking and fresh insights for every stage of a CFO's career – helping CFOs manage the complexities of their roles, tackle their organization's most compelling challenges, and adapt to strategic shifts in the market. For more information about Deloitte's CFO Program, please contact uscfoprogram@deloitte.com or visit www.deloitte.com/us/thecfoprogram.
As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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SOURCE Deloitte
SA: retired attorney on MU insiders
http://seekingalpha.com/article/2116423-microns-2014-insider-trading-an-analysis?isDirectRoadblock=false&uprof=
Interesting analysis of buys/sells by insiders here. MU reports AC 4/3. Whisper .79 vs consensus .62
There's beta 1.8 with nearly 90% institutionals. Lot of weight if market takes numbers wrong way and reconsider the hope of $27.
His methods & thoughts could apply to similar such stocks. Of course there's some other data some watch such as O/S, beta, size of institutional holdings (when they exit all at once....).
Factor those in too to help decide if any one day severe move is one-off or trend start.
And for a really far out piece there's this one March 3. Speaks
of $75 after $40 on Jan '15 earnings.
http://seekingalpha.com/article/2062343-micron-trading-around-earnings
MW: Cyclicals may lead way ahead
UPDATE: Play-it-safe stock investors may take some risk on jobs
Today 8:31 AM ET (MarketWatch)
By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) -- For stock investors, the first quarter was a mild drag as investors played it safe in defensive sectors. Next week's news, highlighted by the March jobs report, promises more fireworks.
But for real gains, such as the type that lift benchmarks to new highs, investors have to get brave again. Cyclicals like industrial stocks need to outperform defensives, much like they did in 2013.
"If stocks go higher, they're going to have to be on the back of cyclicals," said Dan Greenhaus, chief global strategist at BTIG.
Stocks ended Friday with session gains but, except for the blue chips, losses for the week. The Dow Jones Industrial Average (DJI) rose 0.1% for the week, while the S&P 500 Index (SPX) shed 0.5%, and the Nasdaq Composite Index (RIXF) suffered its worst weekly loss since October 2012, dropping 2.8%.
Heading into the end of the first-quarter on Monday, the Dow industrials are down 1.5% and the Nasdaq is off 0.5%. Only the S&P 500 is showing a gain, of 0.5% to 1,857.62, about 1% off its March 7 closing high of 1,878.04. After that anemic performance, investors are hoping first-quarter malaise was all about bad weather that garbled economic data.
As a result, investors have taken a defensive posture. The best performing S&P 500 sectors have been utilities and health-care stocks with gains of 7.8% and 4.9%, respectively. While telecom stocks are down 0.9% for the quarter, they've been the best performers in March with a 4.5% gain.
Within the health-care sector, riskier, high-flying biotechs like Celgene Corp. (CELG) and Gilead Sciences Inc. (GILD) have been some of the worst performers among large caps, while more traditional pharma companies like Eli Lilly & Co. (LLY) and Merck & Co. (MRK) have been some of the best performers.
In the meantime, the yield on the benchmark 10-year Treasury note (10_YEAR) has fallen to 2.72% from 3% at the beginning of January.
Fading business activity and winter weather in the first quarter snuffed out much of 2013's enthusiasm for stocks, said Mark Luschini, chief investment strategist at Janney Montgomery Scott. With falling Treasury yields, investors naturally rotated into more defensive sectors with interest-rate sensitive stocks.
Jobs data key to markets this week
March jobs data on Friday is going to be the key indicator this week as both businesses and consumers seek assurance the economy is improving, especially after previous data was marred by bad winter weather.
Economists surveyed by MarketWatch expect 200,000 U.S. jobs to be added for March, and an unemployment rate of 6.6%.
"End of the day, if weather was the problem, [the jobs report] will provide more of an indication that things are normalizing," Greenhaus said. "That is, if [the jobs report's] good."
Even though the Federal Reserve in its last Federal Open market Committee meeting uncoupled the unemployment rate from acting as a threshold for future rate hikes, March jobs data on Friday will still be important because of earnings, Luschini said.
Stock valuations are high, and this year stock prices will be more reliant on earnings growth than they were in 2013. Luschini estimates 75% of the rise in stock prices last year was due to multiple expansion.
"This year it has to be earnings instead of multiple expansion," Luschini said. "It has to come from business and consumer spending."
That in itself may be a headwind at least for the next quarter. In the past week, expected S&P 500 earnings for the first quarter contracted to a 0.4% decline, compared with a flat reading a week ago, and expectations for 4.4% growth at the beginning of the year, according to John Butters, senior earnings analyst at FactSet.
Then again, that could be another case of low-balling before earnings season, which will ramp up in mid-April. Earnings beats without a corresponding revenue beat, however, won't help stock prices, as Thomson Reuters pointed out in a recent survey of data going back to 2008.
Estimated revenue for the first quarter also declined to a growth rate of 2.7%, down from last week's 3.2% estimate, according to FactSet.
Auto sales, ECB, ISM also this week
March auto sales data comes out on Tuesday, which will be key to shares of General Motors Co. (GM.XX), one of the worst large cap performers on the S&P 500 for the year. Ford Motor Co. (F), on the other hand, is up a scant 0.1% on the quarter.
Also in the coming week, investors will see if the European Central Bank adopts some sort of quantitative easing measures to fight off low inflation.
includes the Chicago PMI on Monday; ISM manufacturing data , construction spending on Tuesday; ADP unemployment and factory orders on Wednesday, and ISM service data, trade deficit, and weekly jobless claims on Thursday.
Only three S&P 500 companies report earnings this week: Monsanto Co. (MON) on Wednesday, Micron Technology Inc. (MU) on Thursday, and CarMax Inc. (KMX) on Friday.
FREE clear 1.60 bottom else 1.00 next
3 month 1.60 line is clear first support. Below that nothing much to kick it until that mid December $1 bounce.
Baltic Dry Index retreat past week after a strong week or so run.
http://www.bloomberg.com/quote/BDIY:IND/chart
tiny lensless digital camera-sensor you can't see
http://tinyurl.com/ok9pav5
or
http://www.dailydot.com/technology/lensless-microchip-camera-uses-algorithm/?utm_source=howtogeek&utm_medium=email&utm_campaign=newsletter
“a new class of lensless, ultra-miniature computational imagers and image sensors.”
Aside from applications in mobile and surveillance devices, the inventors deemed their inexpensive new technology “especially appropriate for medical and industrial endoscopy.” It could also be used for motion detection, or the dreaded facial recognition systems soon to dominate our waking lives. Even sophisticated gesture-reading is theoretically within reach, thanks to the camera’s customizable design. What’s scarier than any of that, though, is the thing’s radical size: implantable anywhere, and small enough that you can’t see it seeing you.
RBC joins GS supporting new Stk Mkt IEX
http://tinyurl.com/oalkdaq
Traders Magazine Online News, March 28, 2014
Michael P. Regan
RBC Joins Goldman Sachs Voicing Support for New Stock Market
(Bloomberg) -- Royal Bank of Canada joined Goldman Sachs Group Inc. in voicing support for IEX Group Inc.’s five- month-old U.S. stock market, which was designed to mitigate the influence of computerized high-speed traders.
The bank’s RBC Capital Markets unit executed the first trade on IEX in October, according to an internal memo from RBC’s head of global equities, Greg Mills, and the U.S. equities chief, Bobby Grubert. Royal Bank also supported the market’s development while its founders were still employed at the bank, according to the document.
Royal Bank has positioned itself as a champion of making the stock market more fair. It built a software defense known as THOR that tries to protect clients’ orders from the fastest traders. Also, the Toronto-based bank doesn’t run a dark pool, shunning a common practice among the world’s biggest brokerages. On broker-owned dark pools, customers’ orders are executed privately instead of being sent to public exchanges.
<more>
stuffit thx for all articles! U.K. spooky
Great selection, lot to mull over, especially the Guardian data. Rough set of numbers, and the outlook, oh man.
Then I'm doing some digging on Mexico budget balance and find their Trade Balance has had a hell of a turnaround. No idea if such a thing could happen for U.K. but who knows. To me the U.K. is getting to be a bit of a black box. They seem inbetween inflow of European new poor and Russian/Mideast billionaires. Neither of these is a plus. Former demands while latter are jumpy and poor tax source. Look how average Brit is tapping into savings. That can be a tip of recession if not improved.
The Mexico numbers for Trade came in of the "highest deficit on record". Didn't realize that.
Good site for data.
http://www.tradingeconomics.com/mexico/balance-of-trade
Mexico Trade Balance Returns to Surplus
In February of 2014, Mexico posted a USD 976 million trade surplus, after recording in January the highest deficit on record. The figure compares with a USD 80 million surplus in the same month last year.
Zip of patch d/l should be ok
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84343878
Not seeing any problem with Mikey link. Just hit large Download box upper right corner.
I know somw sites may have 'extras' one may not want but not this nor any requirement to join.
No idea what problem you are running into. Get a regular Zip extractor and do it. Anything more than that is at your end since seems too basic for me to get into. Keep at it.
3.8.9a patch let it overwrite?
BACKUP first.....
Haven't used it for awhile but if you got it as a zip file then just extract & let it overwrite the files. If need be (like a file refuses to overwrite) then delete that file (s) first.
Should not though if program closed.
BUT I STRESS - backup FIRST the files needed to reecreate the saved data files you may have in Folder like for Alerts, Portfolios, Charts, etc. The zip does NOT have those but you never know what may happen. Don't lose any of those created before the patch done.
If have the right patch it should let you get 2-60 days backfill with the right data feed (TDA does I think, does for me).
Likely someone will add to this since off top of head. Should go ok though.
Mexico Budget Bal Feb YTD -45.7B
hmm I don't follow this on Mexico so not sure what such a wide
number indicates.
16:38 News Bot: Mexican Budget Balance (Feb) YTD -45.7bln
Credit Suisse ups '14 Brent 107.03 / 101.75
15:16 News Bot: Credit Suisse raises 2014 Brent price forecast to USD 107.03 from USD 101.75
CROX in green ?? 15.26 em