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Euro Down Slightly After Weekend On Spain Worry
by admin
1 May 2012 at 4:41am
Yesterday the euro was down slightly compared to the U.S. dollar, 1.321 to 1.325 dollars compared to last Friday, particularly affected by the disturbing news growing on Spain. The Spanish economy has again contracted by 0.3% in real terms in the first quarter 2012 compared to the last of 2011, according to the National Statistics Institu Read more ...
Euro Stability Still A Concern On Forex Markets
by admin
24 Apr 2012 at 8:13am
Parity between the euro / dollar is now almost perfectly balanced on the currency market: at around 13:00 hours, the euro was trading at 1.3156 (- 0.01%). Slightly increased towards the yen to 106.9. Nothing to report in the forex market on the state of the euro / Swiss franc, which is stable at 1.2021. ‘We expect fu Read more ...
Euro Mixed Against All Other Majors
by admin
18 Apr 2012 at 7:53am
The single currency was losing again today, dropping below $1.31 (EUR/USD) on Wednesday afternoon, amid persistent doubts about the sovereign status of Europe. At this time, the euro yield is 0.42% against the greenback at 1.3073 dollars per euro. The IMF reviewed yesterday, downgrading its growth forecast for Spain in 2012, which shows a Read more ...
Fed Keeps Rates Low ? Euro Seems Without Trend
by admin
14 Mar 2012 at 6:40am
The single European currency remained without a major trend against the U.S. dollar in the wake of a highly anticipated meeting of the Monetary Policy Committee of the Fed, whose tone lately has been quite positive for the Dollar. The Euro dropped yesterday afternoon from 0.04% to 0 Read more ...
Bernanke comments causes sell off
by Tom
1 Mar 2012 at 4:55am
Market sentiment received a bit of a boost yesterday when the results of the ECB?s long-awaited second long-term liquidity operation (LTRO) showed strong demand for the cash from European banks. The ECB lent 800 banks ?529.5 billion, somewhat above the ?450 billion that the market had been anticipating and the ?489 billion lent to 523 fi Read more ...
Euro firm however downside risks remain
by Tom
28 Feb 2012 at 8:36am
Today the euro remains firm versus the dollar and sterling, trading in relatively tight ranges despite the announcement from ratings agency Standard & Poor?s that it is cutting Greece?s long term credit trading to selective default. Such a move was already expected and indeed factored in, though yesterday?s comments from EU Commission Read more ...
Euro upside following Greek deal
by Tom
22 Feb 2012 at 9:34am
Having retreated from near two-week highs as optimism over the long-awaited Greek bailout deal faded to be replaced by underlying concerns over growth and implementation risks, the euro has traded in a relatively tight range versus the dollar over the past 24 hours. Parliaments in three countries (Germany, the Netherlands and Finland) must now a Read more ...
Euro upside following Greek Deal
by Tom
21 Feb 2012 at 9:20am
The euro gained some ground in early morning trade briefly breaking through key resistance after eurozone finance ministers finally sealed the details of a second ?130 billion bailout package for Greece. There was also agreement on the details of Greek?s deal with private sector investors, who are now expected to take a haircut in excess of Read more ...
Euro sold as Greek Deal lingers
by Tom
16 Feb 2012 at 4:35am
The euro started yesterday with a firmer tone on the news that China would continue investing in euro debt and pledges from the Greek opposition Conservative Party to commit to tough austerity measures. This was before the latest twist in the on-going Greek debt saga saw renewed pressure on the single currency, which has fallen back to trade at Read more ...
UK on watch for credit downgrade
by Tom
14 Feb 2012 at 4:09am
The Bank of Japan surprised markets overnight, as it decided to expand its asset buying programme by Y10 trillion to Y65 trillion (the entire amount will be used for the purchase of long term government bonds) and set a price stability goal of 1%. In doing so it is abandoning its long used ?understanding of price stability? phrase. The conse Read more ...

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UM gets $7M award for AIDS research
by Brian Bandell
18 May 2012 at 12:50pm
Researchers at the University of Miami Miller School of Medicine were awarded a $7 million grant from the National Institutes of Health to conduct AIDS research. The five-year grant recognizes the medical school as Florida?s first and only Center for AIDS Research (CFAR). Only 20 programs around the country hold such a designation. ?The grant recognizes that the work we are doing at the Miller School and across the University is contributing significantly to understanding how the virus creates...
Health IT firm Ingenious Med taps $1.3M raise
by Urvaksh Karkaria
18 May 2012 at 12:49pm
Ingenious Med, an Atlanta health-care technology company, has raised $1.3 million in venture funding, according to a Securities & Exchange Commission filing. Ingenious Med?s software provides inpatient physicians and hospitals with information and tools to help manage their practices. The company, launched in 1999, has developed an Internet-based application that allows inpatient physicians to capture charges, transmit patient information and communicate digitally with peers and administrators. In...
Community TV network series to aid job seekers
18 May 2012 at 12:48pm
The Tampa Bay Community Network has produced new cable television programs, how-to videos and job links to help local job seekers in their employment search. The TV series, "Job Hunting 101" will air at 8 p.m. on Thursdays on Comcast, Verizon and Bright House Networks cable systems and be streamed over the Internet from watchus.tbcn.org. The series re-airs on Verizon and Bright House Networks on Sundays at 8 p.m. Experts on these programs are expected to relay advice on interviewing techniques,...
Swire released more detailed Brickell CitiCentre rendering
by Oscar Pedro Musibay
18 May 2012 at 12:48pm
Brickell CitiCentre developer Swire Properties has released a detailed, black-and-white rendering of its $1.05 billion project, which is slated to begin construction next month in Miami. The rendering identifies all of the buildings on the 9.1-acre property, and what each contains in square footage. The project will include a mix of offices, residences, retail and hotel space. The Business Journal recently reported that Swire planned to launch construction on the project next month. It is expected...
Bill Friday's condition improves
by Dale Gibson
18 May 2012 at 12:47pm
Former UNC System President Bill Friday remains in critical condition, according to a report from UNC Hospitals, but his condition has improved slightly since a permanent pacemaker was implanted Thursday. Friday, 91, served as president of the state's university system for 30 years, from 1956 to 1986.
Porter Bancorp votes to issue more stock
by Kevin Eigelbach
18 May 2012 at 12:47pm
At its annual meeting of stockholders this week, shareholders of Porter Bancorp Inc., the holding company for PBI Bank, voted to increase the company's authorized shares of voting common stock from 19 million to 86 million and non-voting common stock from 1.3 million to 34 million. The stockholders also defeated a motion from Denver, Colo.-based shareholder activist Gerald Armstrong to adopt a policy that the company's chairman of the board not be an employee or former employee of the company, with...
Hostess layoffs may top 200 in Alabama
by Ryan Poe
18 May 2012 at 12:47pm
Hostess Brands Inc. has filed a public notice that it could lay off some 253 employees in Alabama, including 63 at its Birmingham plant, beginning in July. In addition to the Birmingham employees, the company could lay off 18 in Chickasaw and 172 in unspecified parts of the state, according to notices filed May 7 with the Alabama Department of Economic and Community Affairs. The Birmingham News today reported that Hostess, which makes Twinkies and Wonder Bread, could be considering a sale or plant...
Montgomery County names interim planning director
by Jeff Clabaugh
18 May 2012 at 12:46pm
The Montgomery County Planning Department has named Planning Department executive Rose Krasnow interim director, following the resignation last month of Director Rollin Stanley. Krasnow, who has worked at the Planning Department since 2004, will start as interim director Monday. Stanley resigned to take the planning director job in Calgary, Alberta, Canada's third largest city. Montgomery County's planning board has begun a nationwide search for a permanent replacement and expects to name a new...
Investor purchases McKinney Avenue retail property
by Candace Carlisle
18 May 2012 at 12:46pm
Dallas-based Stockdale Investment Group Inc. has acquired the historic Falk Fabrics retail building at 2633 McKinney Ave. in Uptown Dallas for an undisclosed sum. The building has seven retail stores fronting McKinney Avenue and Boll Street in Dallas. Kenneth Pratt and Joe Pastora represented Stockdale Investment Group. The seller was Uptown/McKinney Retail LLC. Stockdale is proud to add the property to its portfolio and expects to see a growing Dallas real estate market, Pratt said.
Another new low for mortgage rates
by Jeff Clabaugh
18 May 2012 at 12:45pm
Mortgage rates fell again this week, with 30- and 15-year fixed-rate mortgages touching new record lows. Freddie Mac's (OTC BB:FMCC) weekly rate report says 30-year fixed-rate mortgages averaged 3.79 percent in the week ending May 17, down from 3.83 percent the previous week. A year ago, 30-year mortgages were averaging 4.61 percent. A 15-year fixed-rate loan averaged 3.04 percent for the past week, down from 3.05 percent a week earlier. A one-year adjustable-rate mortgage averaged 2.83 percent,...
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Travel apps recommended by experts - Washington Post

18 May 2012 at 12:18pm

Travel apps recommended by experts
Washington Post
Keith Bellows Editor of National Geographic Traveler Travel app box: A collection of 15 tools, such as a tip calculator, currency and unit converter, phrase and pictography dictionary, and country calling codes. $1.99. National Parks, by the National ...

Revolutionary Receipt Catcher App From DNA Apps Redefines the Way Business an...

18 May 2012 at 1:08am

Revolutionary Receipt Catcher App From DNA Apps Redefines the Way Business and ...
MarketWatch (press release)
Receipt Catcher also includes a real time currency converter, so it can used anywhere in the world. It was recently launched with Mandarin as a native language and can be used in China now. A representative of the company says, "Receipt Catcher is only ...

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Today's Apps Gone Free: Feed Me Oil, Mountain Bike Pro Cycling Computer ... -...

17 May 2012 at 10:12am

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Moody?s downgrades Spanish banks
by alex
18 May 2012 at 1:41am
The potential ?Grexit? is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don?t want to risk it. Not only Greece is in trouble. 16 Spanish banks have been downgraded by Moody?s last [...]
Lower inflation expectations not good for GBP
by alex
17 May 2012 at 12:53am
The UK inflation report released yesterday showed that the MPC now expect two-year�inflation to be lower despite raising the near term projection. Their central inflation�projection for two years ahead is 1.6%, about 0.2% lower than in February. The growth�forecasts were also lowered in the near term reflecting a poor Q1 2012 and on-going�concerns regarding the [...]
Focus on Eurozone Politics continues
by alex
16 May 2012 at 1:25am
Greece continues to capture the headlines with agreement expected today on formation of�an interim Government and likely announcement of new elections as soon as 10 June.�Meanwhile the first meeting between Merkel and Hollande resulted in a joint statement�pledging commitment from both to keep Greece in the euro with introduction of ?growth�measures? subject to adherence to [...]
Currencies do not like political uncertainty
by alex
15 May 2012 at 1:27am
Political risk events continue to dominate in Europe. The political deadlock continues in Greece although a Greek exit was not discussed at the Euro group meeting held yesterday, nonetheless, suggestions that Greece will leave the euro gained momentum leading to the EU Commission issuing a statement hoping that Greece would remain part of the euro [...]
What if Greece Exits?
by admin
14 May 2012 at 12:16am
From The Economist Online May 11th 2012, 0:22 by A.P. See original article As the Economist argues in our briefing�this week, a Greek exit from the euro zone would not just be chaotic for Greece itself but would also invite questions about the status of Portugal, Ireland and others. So what would policymakers have to [...]
BoE decision today
by alex
10 May 2012 at 1:08am
An event laden day lies ahead, kick started with the overnight releases of NZ Business PMI, Japanese Current Account, Trade Balance, China Trade Balance and Australian Employment data.�Markets continue to be steered by the European political and sovereign debt crises and in the wake of this bond yield?s continue to remain elevated, notably Spain where [...]
Political Pressure on EUR
by alex
9 May 2012 at 1:12am
EUR/USD broke below the 1.30 level yesterday as the Greek political crisis rolls on and in this context we expect the EUR to remain under pressure; with�French presidential election winner Hollande awaiting inauguration, his pledges to increase state spending and renegotiate the ECB?s independence is unlikely to instil confidence in the market and the longer [...]
Euro weakens further
by alex
8 May 2012 at 1:05am
There are 3 main reasons why we�begin�this short week with a weaker Euro; 1.Data suggests that the Eurozone could be heading for its third quarter of negative growth. 2.A change of government in France, one that is likely to be less Berlin friendly than its predecessor. 3.The Greek political parties who supported ongoing austerity�measures lost their majority rule, [...]
Focus on US jobs
by alex
4 May 2012 at 12:52am
As expected, ECB policy makers kept their benchmark interest rate at the record low of�1%. In the associated press conference, ECB President, Mario Draghi, said they still expect a gradual recovery this year but downside risks prevail and the outlook has�become ?more uncertain?. Spanish and French government debt sold well at auctions yesterday BUT�Spain?s yield on [...]
Confidence�in GBP and the UK
by alex
3 May 2012 at 12:38am
Overnight, Bank of England Governor King noted that rates would need to stay low for some time while suggesting that it would eventually return to normal levels. UK saw the release of PMI Construction which came in slightly above expectations at 55.8 while Credit lending and mortgage approvals were a welcome relief from disappointing data yesterday. [...]

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