Dominion Lending Centres Clearlease Reports traders showing some caution ahead of Friday’s monthly employment report
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports With traders showing some caution ahead of Friday’s monthly employment report, stocks are turning in a lackluster performance in early trading on Wednesday. The choppy trading comes following the release of payroll processor ADP’s report on private employment report.
The ADP report showed that private sector employment increased by 179,000 jobs in April, reflecting a slowdown from the job growth seen in March, when the private sector added 207,000 jobs. Economists had expected an increase of about 200,000 jobs.
While the continued job growth is a positive sign for the labor market, the slower pace of growth has generated some uncertainty about the Labor Department’s monthly report, which includes government jobs. The report is expected to show an increase of about 185,000 jobs in April.
Paul Ashworth, Chief U.S. Economist at Capital Economics, said, “Overall, a small dip in employment growth isn’t a disaster, but ideally we would have liked to see the growth rate continuing to accelerate.”
“At this rate it would still take another three and a half years to recover all the jobs lost during the recession,” he added.
On the earnings front, Kellogg (K) reported first quarter earnings that fell to $1 per share from $1.09 per share in the year-ago quarter, coming in below estimates for earnings of $1.04 per share. At the same time, the food maker said its net sales rose 5 percent to $3.5 billion, above estimates for $3.4 billion.
Kellogg also reaffirmed its full-year 2011 guidance for currency-neutral earnings in the range of $3.33 to $3.40 per share. Analysts expect the company to earn $3.48 per share for the year.
Media and entertainment giant Time Warner (TWX) said its adjusted first quarter earnings fell to $0.58 per share from $0.61 in the same quarter last year but came in a penny above analyst estimates. The company also reported stronger than expected revenue growth.
Time Warner also said it continues to expect its full-year 2011 adjusted earnings to see “low teens” percentage growth compared to last year.
In other corporate news, semiconductor equipment maker Applied Materials (AMAT) said it has agreed to acquire rival Varian Semiconductor Equipment Associates (VSEA) for $63 per share in cash or a total price of approximately $4.9 billion.
Most of the major sectors are showing only modest moves in early trading, although notable weakness has emerged among energy stocks. A decrease by the price of oil is contributing to the losses by energy stocks, which also fell sharply in the previous session.
The major averages are currently turning in a mixed performance, with the tech-heavy Nasdaq posting a modest gain. The Nasdaq is up 5.41 points or 0.2 percent at 2,847.03, while the Dow is down 28.08 points or 0.2 percent at 12,779.43 and the S&P 500 is down 2.39 points or 0.2 percent at 1,354.23.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports With traders showing some caution ahead of Friday’s monthly employment report, stocks are turning in a lackluster performance in early trading on Wednesday. The choppy trading comes following the release of payroll processor ADP’s report on private employment report.
The ADP report showed that private sector employment increased by 179,000 jobs in April, reflecting a slowdown from the job growth seen in March, when the private sector added 207,000 jobs. Economists had expected an increase of about 200,000 jobs.
While the continued job growth is a positive sign for the labor market, the slower pace of growth has generated some uncertainty about the Labor Department’s monthly report, which includes government jobs. The report is expected to show an increase of about 185,000 jobs in April.
Paul Ashworth, Chief U.S. Economist at Capital Economics, said, “Overall, a small dip in employment growth isn’t a disaster, but ideally we would have liked to see the growth rate continuing to accelerate.”
“At this rate it would still take another three and a half years to recover all the jobs lost during the recession,” he added.
On the earnings front, Kellogg (K) reported first quarter earnings that fell to $1 per share from $1.09 per share in the year-ago quarter, coming in below estimates for earnings of $1.04 per share. At the same time, the food maker said its net sales rose 5 percent to $3.5 billion, above estimates for $3.4 billion.
Kellogg also reaffirmed its full-year 2011 guidance for currency-neutral earnings in the range of $3.33 to $3.40 per share. Analysts expect the company to earn $3.48 per share for the year.
Media and entertainment giant Time Warner (TWX) said its adjusted first quarter earnings fell to $0.58 per share from $0.61 in the same quarter last year but came in a penny above analyst estimates. The company also reported stronger than expected revenue growth.
Time Warner also said it continues to expect its full-year 2011 adjusted earnings to see “low teens” percentage growth compared to last year.
In other corporate news, semiconductor equipment maker Applied Materials (AMAT) said it has agreed to acquire rival Varian Semiconductor Equipment Associates (VSEA) for $63 per share in cash or a total price of approximately $4.9 billion.
Most of the major sectors are showing only modest moves in early trading, although notable weakness has emerged among energy stocks. A decrease by the price of oil is contributing to the losses by energy stocks, which also fell sharply in the previous session.
The major averages are currently turning in a mixed performance, with the tech-heavy Nasdaq posting a modest gain. The Nasdaq is up 5.41 points or 0.2 percent at 2,847.03, while the Dow is down 28.08 points or 0.2 percent at 12,779.43 and the S&P 500 is down 2.39 points or 0.2 percent at 1,354.23.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports traders showing some caution ahead of Friday’s monthly employment report
VANCOUVER, BRITISH COLUMBIA – (May 4, 2011) Clearlease Reports With traders showing some caution ahead of Friday’s monthly employment report, stocks are turning in a lackluster performance in early trading on Wednesday. The choppy trading comes following the release of payroll processor ADP’s report on private employment report.
The ADP report showed that private sector employment increased by 179,000 jobs in April, reflecting a slowdown from the job growth seen in March, when the private sector added 207,000 jobs. Economists had expected an increase of about 200,000 jobs.
While the continued job growth is a positive sign for the labor market, the slower pace of growth has generated some uncertainty about the Labor Department’s monthly report, which includes government jobs. The report is expected to show an increase of about 185,000 jobs in April.
Paul Ashworth, Chief U.S. Economist at Capital Economics, said, “Overall, a small dip in employment growth isn’t a disaster, but ideally we would have liked to see the growth rate continuing to accelerate.”
“At this rate it would still take another three and a half years to recover all the jobs lost during the recession,” he added.
On the earnings front, Kellogg (K) reported first quarter earnings that fell to $1 per share from $1.09 per share in the year-ago quarter, coming in below estimates for earnings of $1.04 per share. At the same time, the food maker said its net sales rose 5 percent to $3.5 billion, above estimates for $3.4 billion.
Kellogg also reaffirmed its full-year 2011 guidance for currency-neutral earnings in the range of $3.33 to $3.40 per share. Analysts expect the company to earn $3.48 per share for the year.
Media and entertainment giant Time Warner (TWX) said its adjusted first quarter earnings fell to $0.58 per share from $0.61 in the same quarter last year but came in a penny above analyst estimates. The company also reported stronger than expected revenue growth.
Time Warner also said it continues to expect its full-year 2011 adjusted earnings to see “low teens” percentage growth compared to last year.
In other corporate news, semiconductor equipment maker Applied Materials (AMAT) said it has agreed to acquire rival Varian Semiconductor Equipment Associates (VSEA) for $63 per share in cash or a total price of approximately $4.9 billion.
Most of the major sectors are showing only modest moves in early trading, although notable weakness has emerged among energy stocks. A decrease by the price of oil is contributing to the losses by energy stocks, which also fell sharply in the previous session.
The major averages are currently turning in a mixed performance, with the tech-heavy Nasdaq posting a modest gain. The Nasdaq is up 5.41 points or 0.2 percent at 2,847.03, while the Dow is down 28.08 points or 0.2 percent at 12,779.43 and the S&P 500 is down 2.39 points or 0.2 percent at 1,354.23.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
