Business News
Tuesday Sector Leaders: Energy, Materials
Forbes - 9 Dec 2014 21:36
In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 1.3%. Within that group, Newfield Exploration (NYSE: NFX) and Diamond Offshore Drilling (NYSE: DO) are two large stocks leading the way, s...
Newest F-35 Problem: Fuel Gets Too Hot in the Sun
NBC News - 9 Dec 2014 22:02
The F-35 fighter's long road toward deployment has hit a new, unexpected bump.
Dow Jones Industrial Average Plunges More Than 200 Points As Crude Oil Prices Waver
IBTimes - 9 Dec 2014 19:31
U.S. stocks dropped Tuesday, following the previous session's losses, as oil prices hovered around five-year lows. U.S. crude fell to less than $63 a barrel during the previous session for the first time since July 2009....
Fannie Mae and Freddie Mac unveil mortgages with 3% down payment
L.A. Times - 9 Dec 2014 04:52Gas prices to head lower as oil in a tailspin
USA Today - 9 Dec 2014 02:15
Gas prices likely to accelerate slide on renewed fall in crude oil.
Here's The Salary You Have To Earn To Buy A Home In 15 Major US Cities
Business Insider - 9 Dec 2014 22:29
Mortgage website HSH.com has updated its estimate of how much annual income a household would need to buy a home in major cities in the US according to Q3 data. The site looked at median home prices from the National A...
Cash Dividend On The Way From HSBC Holdings Adjustable Rate Cumulative Preferred Stock, Series D
Forbes - 9 Dec 2014 20:58
On 12/11/14, HSBC Holdings plc's Adjustable Rate Cumulative Preferred Stock, Series D (NYSE: HUSI.PRD) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 1/2/15. As a percentage of HUSI.PRD's recen...
One Chart Shows How The Oil Slump Could Plunge Europe Into Deflation
Business Insider - 9 Dec 2014 16:07
Europe is already hovering right on the edge of deflation, and a further drop in oil prices would shove the eurozone right over the edge, according to Oxford Economics. The group have used their November prediction for o...
Brent Hits Five-Year Low Below $66 On Oversupply Worries
IBTimes - 9 Dec 2014 11:31
(Reuters) - Benchmark Brent crude slipped on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut. Oil prices are likely ...
Department of Justice Lawsuit Claims Deutsche Bank Created 'Shell Companies' To Engage In US Tax Fraud
IBTimes - 9 Dec 2014 01:31
Germany's Deutsche Bank, already awash in lawsuits, can add another legal fight to its plate. The U.S. government on Monday said it is suing the Frankfurt bank for committing federal tax fraud, according to news reports....
How Things Will Change With Facebook's (FB) Privacy Basics Tool
Bidness etc. - 9 Dec 2014 23:45
Facebook Inc (NASDAQ:FB) will update its terms of service and policies pertaining to the privacy settings effective from January 1, 2015 and onwards. The terms of service will be updated to help users understand how to p...
See Which 11 Guru Fund Managers Hold AIG
Forbes - 9 Dec 2014 23:15
When hedge fund manager "titans" think alike, investors are wise to pay attention. At Holdings Channel, we have reviewed 3,603 13F filings for the 09/30/2014 reporting period, and noticed that American International Grou...
Funds Added To Michael Kors Holdings Positions
Forbes - 9 Dec 2014 23:14
At Holdings Channel, we have reviewed 3,603 13F filings for the 09/30/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each compone...
Fed proposes extra capital cushion for 8 big US banks
livemint.com - 9 Dec 2014 22:05
Most of banks, which include JPMorgan Chase and Goldman Sachs, will need more capital under Fed's proposal than under similar rule by global regulators
Tuesday Sector Laggards: Healthcare, Financial
Forbes - 9 Dec 2014 21:41
In afternoon trading on Tuesday, Healthcare stocks are the worst performing sector, showing a 0.5% loss. Within that group, Merck (NYSE: MRK) and Cardinal Health (NYSE: CAH) are two large stocks that are lagging, showing...
Ford Shares Revved Up For Strong 2015
Forbes - 9 Dec 2014 21:12
Shares of Ford (F) could trade at least twenty percent higher by June 2015 if the stock market continues to rise and the price of oil continues to fall. Even if neither of those things happen, Ford may still surprise inv...
How small shops can compete with large retailers
BusinessZONE - 9 Dec 2014 14:18Ex-Madoff manager gets 10-year prison sentence
USA Today - 9 Dec 2014 01:48
Madoff's former operations manager is the first of 5 ex-employees to be sentenced.
Intel is swarming wearables as part of its Internet of Things strategy
Venture Beat - 9 Dec 2014 23:00
Intel's Mike Bell will leverage the Internet of Things platform to make better wearables.
Kansas Gov. Brownback's Budget Shortfall Solution: Spending Cuts!
TPM - 9 Dec 2014 22:40
Kansas Gov. Sam Brownback (R) on Tuesday unveiled his plan to solve his state's serious financial woes: dramatic budget cuts to state agencies by 4 percent and move $201 million from specific funds to Kansas's general fu...
A Guy Who Sold His Startup For $200 Million Has Simple Advice For Founders
Business Insider - 9 Dec 2014 22:31
What's the number-one reason startups fail? Some studies find it's a lack of product fit. Others say it's because companies run out of cash. But a common reason startups fail is because the founder doesn't want to run it...
Ex-Div Reminder for Public Storage's Cumulative Preferred Share of Beneficial Interest, Series P
Forbes - 9 Dec 2014 21:30
On 12/11/14, Public Storage's 6.5% Cumulative Preferred Share of Beneficial Interest, Series P (NYSE: PSA.PRP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 12/30/14. As a percentage of PSA.PR...