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Archive for December 16th, 2010

Posted by MartZee December 16, 2010

Visa, MasterCard Plunge as Fed Issues Rules to Cut Debit Fees

Visa Inc. and MasterCard Inc. plunged more than 12 percent in New York trading after the Federal Reserve Board proposed rules that may slash debit-card interchange fees by 90 percent. The new rules, posted today by the Fed on its website, may aid retailers and cut profit for lenders who reaped about $15 billion from Continue reading →

Posted by MartZee December 16, 2010

What’s happening with ATU?

The entire morning today I was reading about Actuant Corporation which has improved earnings and sales, beat expectations but I was baffled why the stock slumped today by almost 6%. I couldn’t find why; what is behind such behavior. Well, here is why: Actuant Sees Second Quarter Earnings Below Estimates; but Raises 2011 Guidance Actuant Continue reading →

Posted by Martin December 16, 2010

Actuant Reports Improved First Quarter Results; Increases Fiscal 2011 Guidance

MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation ATU today announced results for its first quarter ended November 30, 2010. Highlights * 71% year-over-year increase in diluted earnings per share from continuing operations (“EPS”) to $0.36 (excluding prior year special items – see attached reconciliation of earnings.) * Core revenue growth (total sales less the impact of acquisitions, divestitures and Continue reading →

Posted by MartZee December 16, 2010

10 Things You Need To Know Before The Opening Bell

Provided by Business Insider, Thursday, December 16, 2010: Good morning. Here’s what you need to know: Asian markets were mostly lower in overnight trading, with the Hang Seng down 1.33%. Major European indices are flat, and U.S. futures suggest a slightly positive open. Housing starts data is released at 8:30 AM ET. It is expected Continue reading →