Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.
The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.
The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.
The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.
Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”
“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.
The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.
Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.
Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.
Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.
The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.
The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.
The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.
Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”
“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.
The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.
Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.
Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.
Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.
The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.
The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.
The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.
Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”
“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.
The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.
Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.
Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.
Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . 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. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
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