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Market News

Location American Market News for 13 November 2012

Michael Kors Announces Earnings

Forbes - 14 Nov 2012 00:51
Michael Kors Holdings (KORS) announced that fiscal second-quarter net income more than tripled. The retailer said that it earned $97.8 million, or 49 cents per share, up from $31.6 million, or 22 cents per share, in the ...
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There's No Hippocratic Oath On Wall Street

Forbes - 14 Nov 2012 00:47
There's No Hippocratic Oath On Wall Street Not so very long ago, if you developed a fever, some of the world?s most prominent physicians would open up one of your veins and bleed you for a while. If that didn?t produce rapid recovery, they would do it again. The ...
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Earnings Wrap: Dick's, TJX

Forbes - 14 Nov 2012 00:34
Dick?s Sporting Goods (DKS) announced that it earned $50.1 million, or 40 cents per share, on revenue of $1.31 billion during the fiscal third quarter, representing a 21 percent earnings increase and an 11 percent revenu...
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Best Buy Offers New Details On Bid To Regain Relevance And Customers Best Buy hopes an emphasis on customer services that aren't offered online and changes to stores will help the company regain its footing.
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Analyst Moves: EV, SSYS

Forbes - 14 Nov 2012 00:04
Eaton Vance (EV) was upgraded by Bank of America/Merrill Lynch (BAC) to neutral from underperform with a price target of $32 as the company's tax managed products are attractive to customers.
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Analyst Moves: BERY, DDD

Forbes - 13 Nov 2012 23:42
Berry Plastics (BERY) was initiated with an outperform rating by Credit Suisse (CS) as the current stock price provides an attractive entry point for a company with growth potential. A $20 price target was issued.
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De La Rue warning sends the shares lower

Telegraph - 13 Nov 2012 23:18
De La Rue warning sends the shares lower The banknote printer cautioned the market about order delays.
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National Interstate Corporation (NATL) maintained its quarterly dividend of 10 cents per share. The company also declared an additional one-time special dividend of $2.00 per share. The combined dividend amount of $2.10 ...
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Analyst Moves: HOLX, MRVL

Forbes - 13 Nov 2012 22:17
Hologic (HOLX) had its numbers reduced by Citigroup (C) as estimates were lowered on weaker guidance. A buy rating was issued with a $24 price target.
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Analyst Moves: APD, FFIV

Forbes - 13 Nov 2012 22:04
Air Products (APD) was upgraded by Goldman Sachs (GS) to buy as the company will benefit from an eventual economic recovery.
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Huntsman Corporation (HUN) maintained its quarterly dividend of 10 cents per share. The dividend is payable on December 31, 2012, to stockholders of record as of December 14, 2012.
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AMA Wants To Stop Pharma Pay-To-Delay Tactic On Generics Putting the nation?s largest doctor group on record against a controversial drug industry practice known to thwart the introduction of cheaper generic drugs for consumers, the American Medical Association officially supp...
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iShares MSCI Japan Index Fund Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Japan Index Fund (AMEX: EWJ) where we have detected an approximate $21.3 mill...
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Semiconductor ETF Experiences Big Outflow

Forbes - 13 Nov 2012 20:39
Semiconductor ETF Experiences Big Outflow Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Semiconductor ETF (AMEX: SMH) where we have detected an approximate $25.1 million dollar o...
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UBS Cut Off a Limb, But Will Competitors Follow?

Wall Street Journal - 13 Nov 2012 19:34
The move by UBS is a sign that the tectonic shifts caused by the financial crisis are causing major tremors throughout the global banking industry.
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Bank of New York Mellon Unit Settles Madoff Suits

Wall Street Journal - 13 Nov 2012 19:14
A Bank of New York Mellon unit will pay $210 million to resolve a series of lawsuits by clients who claimed they suffered losses in Bernard Madoff's massive fraud, New York's attorney general said.
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Euro Bounces Off 2-Month Low

Wall Street Journal - 13 Nov 2012 19:01
The euro bounced as traders pounced on a report that Greece could get a single payment of more than $55 billion.
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China Banker Challenges Yuan View

Wall Street Journal - 13 Nov 2012 19:01
China's yuan can become a global currency without the country's fully opening up its capital account, a top Chinese policy-bank chief said.
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Treasurys Boosted by Europe's Fiscal Woes

Wall Street Journal - 13 Nov 2012 18:45
Worries over the fiscal problems across the Atlantic kept investors on edge, boosting demand for Treasury bonds as a haven.
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TalkTalk surges on first-half numbers

Telegraph - 13 Nov 2012 15:02
TalkTalk surges on first-half numbers The YouView television operator was in demand with investors.
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Silver price to 'increase 400pc in three years'

Telegraph - 13 Nov 2012 11:05
Silver price to 'increase 400pc in three years' The silver bull run will continue says investment specialist Ian Williams of Charteris Treasury.
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U.S. Redraws World Oil Map

Wall Street Journal - 13 Nov 2012 09:06
A new estimate that the U.S. will be the world's largest oil producer by 2020 underscores how different President Barack Obama's second term will be from his first on energy policy.
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