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Market News

Location American Market News for 23 October 2012

Hugo Boss stakeholder moves to cut ties to fund

Telegraph - 23 Oct 2012 10:15
Hugo Boss stakeholder moves to cut ties to fund SVG, the FTSE 250 feeder fund to Permira, has further distanced itself from the private equity firm after off-loading its main stake in Permira's third fund, which owns Hugo Boss and Galaxy.
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Schlumberger Has A Solid Quarter, Baker Hughes Less So Oil field services majors Schlumberger and Baker Hughes released their Q3 earnings on Friday, reporting a mixed set of numbers. The strong performance in international markets helped Schlumberger buck the broader industr...
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The Trick Or Treat Of Trading Options

Forbes - 24 Oct 2012 01:49
The Trick Or Treat Of Trading Options It is almost Halloween and with that come ghosts, goblins and tricks proving things may not always be what they seem.  In that spirit, let's step outside of our normal options strategies like condors and butterflies t...
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NHL Team Values

Forbes - 24 Oct 2012 01:44
NHL Team Values The average hockey team is now worth $240 million, 5% more than last year, due to higher revenue. But operating income fell 21%, to an average of $4.2 million per team as player costs rose 11% to $59 million per team.
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Top 10 Internet Search Items In 2011

Forbes - 24 Oct 2012 01:42
Top 10 Internet Search Items In 2011 Yahoo! released its top 10 searches for 2011 on Dec. 1. The iPhone topped the list, making it the only gadget to do so this year. Here's a look at the people, programming, and current events that topped this year's list ...
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10 Blue Chip Stocks With Fat Dividends

Forbes - 24 Oct 2012 01:41
10 Blue Chip Stocks With Fat Dividends DividendChannel.com creates a proprietary ''DividendRank'' by screening through our coverage universe of large cap, dividend paying stocks, to look at a variety of data — dividend history & yield, book value, quar...
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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to ...
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Earnings Misery Sinks Stocks

Forbes - 24 Oct 2012 00:54
Earnings Misery Sinks Stocks DuPont and Radio Shack are the latest companies to fall short of expectations and dive lower.  Yesterday there was no momentum in the bounce despite the market recovering for small gains, giving us an indication that ...
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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
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The Google Search Evolution

Forbes - 24 Oct 2012 00:35
The Google Search Evolution Design changes to Google Search that Jon Wiley and his team have worked on in the past few years:
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Tech Blue Chips Whiffing Like Testosterone-less Yankees I thought of competitive dynamics as I watched the heart of the Yankee batting order whiff, whiff, whiff and swish, swish, swish themselves into painful oblivion.  Not just the defanged A-Rod, but Cano, Swisher and Gr...
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RadioShack, Coach Announce Earnings

Forbes - 23 Oct 2012 23:51
RadioShack (RSH) announced that it lost $47 million, or 47 cents per during the most recent quarter, versus a break-even quarter a year ago. Revenue declined by 3.1% to $1 billion.
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Lexmark, Whirlpool Announce Earnings

Forbes - 23 Oct 2012 23:37
Lexmark International (LXK) announced a break even quarter, versus earnings of $67 million, or 86 cents per share, in the same period last year. Revenue fell by 11.2% to $919 million from the same period last year. Adjus...
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DuPont (DD) announced that it earned $10 million, or once cent per share, compared to $452 million, or 48 cents per share, during the same period last year. Revenue was about $7.4 billion, down 9 percent from $8.1 billio...
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AK Steel Announces Earnings

Forbes - 23 Oct 2012 22:50
AK Steel (AKS) announced that it lost $61 million, or 55 cents per share, during the third quarter due to lower sales and shipments. The company also said it expects a net loss for the fourth quarter. The average selling...
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(Kitco News) - Comex gold prices ended the U.S. day session solidly lower and hit a fresh six-week low Tuesday. The precious metals were hit by fresh technical selling and by fully bearish outside markets—a hig...
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Bill Gross Pulls Back On Treasurys

Wall Street Journal - 23 Oct 2012 22:33
Bill Gross has sharply pulled back from the Treasury bond markets. Now the question is whether the famed bond manager, and others who've followed his lead, have gone too far.
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Facebook Exchange, Two Birds With One Stone: Challenge Google, Drive Revenues Going into its second earnings release as a publicly traded company, Facebook has been under heavy pressure to prove how it will squeeze dollars out of its billion users.  With the pressure of having to deliver to sha...
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Fears That Sparked Black Monday In 1987 Dormant But Not Dead On another Monday in late October, 25 years ago, the financial world seemed to disintegrate in a heartbeat. Though the 205-point drop in the Dow last Friday (the technical anniversary of the ’87 Crash) was some...
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Five Important Lessons From A Trip To The Apple Store Want to sell more stuff? Take some tips from the folks who do it best.
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ARM defies falling market with strong results

Telegraph - 23 Oct 2012 22:11
ARM defies falling market with strong results The technology group was one of just two FTSE 100 risers today.
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Trinity Mirror shares slump 10pc on hacking claims Shares in Trinity Mirror Group slumped more than 10pc on Tuesday after the Daily Mirror publisher was dragged into the phone hacking scandal that has already engulfed its rival, News International.
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