SuperCom Wins North America Electronic Monitoring Contract

SuperCom Wins North America Electronic Monitoring Contract

SuperCom was slightly higher in morning trade Wednesday after it announced it had secured a contract offering Supercom’s Pure Security Electronic Surveillance line of offender tracking and monitoring products. The contract was granted by a government customer in North America through a formal and competitive bidding process. It has a 4-year initial term with optional extension of 2 years. Revenues for SuperCom for the project are estimated at approximately $1.7 […]

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USD/JPY Breaches 100-Day Moving Average

USD/JPY Breaches 100-Day Moving Average

The pressure on the USD/JPY pair that originated with the Federal Open Market Committee’s statement has accelerated on the break of 113.00 resulting in a breach of the 100-day moving average. The end result has left the dollar at a 13-day low of 112.55 and precariously close to the 50% Fibonacci retracement at 112.41 (125.84 high/98.98 low). And while the dollar was eroding against the yen, it was holding most […]

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TransCanada Seals MOU with M2 Infrastructure

TransCanada Seals MOU with M2 Infrastructure

TransCanada Corp. said Wednesday it signed a memorandum of understanding with M2 Infrastructure to pursue the development of a new crude oil storage facility at TransCanada’s terminal in Cushing, Oklahoma. The energy infrastructure firm said the new crude oil storage facility is expected to hold 6.2 million barrels of crude oil and will be owned by M2 Infrastructure and operated by TransCanada. Construction of the oil storage facility is slated […]

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Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks Stay Positive as Oil Reaches 15-Month High, Bank Earnings Beat Expectations

Stocks closed modestly higher for a second consecutive day, buoyed by a 15-month high in brent crude oil and positive quarterly earnings from the financial sector. Oil raced higher mid-morning on the combination of remarks from the Saudi oil minister regarding production cuts and an unexpected drop in inventory levels. As a result, West Texas intermediate gained 2.25% on the futures market, while brent was up 1.7%. The banking sector […]

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Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Up Slightly in Late Trade After Topping Q3 Earnings Expectations; Q4 EPS Outlook Also Beats Street View

Landstar System Inc. (LSTR) was edging higher in Wednesday late trading after the trucking and logistics company tonight reported Q3 net income of $0.86 per share, down from $0.90 per share during the same quarter last year but still beating the Capital IQ consensus by $0.05 per share. Revenue for the three months ended Sept. 30 declined % from year-ago levels to $788 million, better than the $777.4 million Street […]

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