Once again, the major stock market indexes have given up the early pre-market gains. The decline in the futures market took place as soon as the U.S. Dollar Index began to trade higher. Traders and investors have seen this inverse relationship between the U.S. Dollar Index and the major stock market indexes over the past few years. If you watch a chart of the U.S.
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Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. (MJS.V) engages in the acquisition, exploration, and mining of precious metals in China. The company primarily explores for gold deposits. It holds interest in the Song Jiaguo Property located on the Jiaodong Peninsula in Muping County, the Shandong Province. The company is headquartered in Vancouver, Canada.
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Forest Laboratories Inc. (NYSE:FRX) has filed a presentation with the Securities and Exchange Commission ("SEC") in connection with the Company's Annual Meeting of Shareholders to be held on August 18, 2011. The presentation is available at www.FRX2011annualmeeting.com and on the SEC's website, www.sec.gov.
One minute we hear that the politicians are close to a debt ceiling increase deal and then another minute we hear that they are not. The stock market only cares about certainty. This afternoon, we have seen small buy programs hit the stock market throughout the trading session only to find out it was simply a false rumor that caused the intra-day spike.
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Nucor Corporation (NYSE:NUE) announced consolidated net earnings of $299.8 million, or $0.94 per diluted share, for the second quarter of 2011. By comparison, Nucor reported net earnings of $159.8 million, or $0.50 per diluted share, in the first quarter of 2011 and net earnings of $91.0 million, or $0.29 per diluted share, in the second quarter of 2010.
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International Paper Co. (NYSE:IP) declared a quarterly dividend of $0.2625 per share for the period from July 1, 2011, to September 30, 2011, inclusive, on its common stock, par value $1. This dividend is payable on September 15, 2011, to holders of record at the close of business on August 15, 2011.
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Johnson Controls, Inc. (NYSE:JCI) announced plans to invest $138.5 million to convert its battery plant near Toledo, Ohio into an Absorbent Glass Mat (AGM) battery facility for Start-Stop and other high efficiency vehicles. Subject to final state and local incentives, the facility will be the company's first such plant in the United States.