Market News
Michael Kors Announces Earnings
Forbes - 13 Nov 2012 22:51
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 ...
There's No Hippocratic Oath On Wall Street
Forbes - 13 Nov 2012 22:47
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 ...
Earnings Wrap: Dick's, TJX
Forbes - 13 Nov 2012 22:34
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...
Best Buy Offers New Details On Bid To Regain Relevance And Customers
Forbes - 13 Nov 2012 22:13Analyst Moves: EV, SSYS
Forbes - 13 Nov 2012 22:04
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.
Analyst Moves: BERY, DDD
Forbes - 13 Nov 2012 21:42
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.
De La Rue warning sends the shares lower
Telegraph - 13 Nov 2012 21:18
The banknote printer cautioned the market about order delays.
Daily Dividend Report: NATL, NTI, ESLT, CY, ADP
Forbes - 13 Nov 2012 20:58
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 ...
Analyst Moves: HOLX, MRVL
Forbes - 13 Nov 2012 20:17
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.
Analyst Moves: APD, FFIV
Forbes - 13 Nov 2012 20:04
Air Products (APD) was upgraded by Goldman Sachs (GS) to buy as the company will benefit from an eventual economic recovery.
Daily Dividend Report: HUN, MMM, BAX, GPS, DKS
Forbes - 13 Nov 2012 19:10
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.
AMA Wants To Stop Pharma Pay-To-Delay Tactic On Generics
Forbes - 13 Nov 2012 18:48iShares MSCI Japan Index Fund Experiences Big Outflow
Forbes - 13 Nov 2012 18:40Semiconductor ETF Experiences Big Outflow
Forbes - 13 Nov 2012 18:39UBS Cut Off a Limb, But Will Competitors Follow?
Wall Street Journal - 13 Nov 2012 17:34
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.
Bank of New York Mellon Unit Settles Madoff Suits
Wall Street Journal - 13 Nov 2012 17:14
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.
Euro Bounces Off 2-Month Low
Wall Street Journal - 13 Nov 2012 17:01
The euro bounced as traders pounced on a report that Greece could get a single payment of more than $55 billion.
China Banker Challenges Yuan View
Wall Street Journal - 13 Nov 2012 17:01
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.
Treasurys Boosted by Europe's Fiscal Woes
Wall Street Journal - 13 Nov 2012 16:45
Worries over the fiscal problems across the Atlantic kept investors on edge, boosting demand for Treasury bonds as a haven.
TalkTalk surges on first-half numbers
Telegraph - 13 Nov 2012 13:02
The YouView television operator was in demand with investors.
Silver price to 'increase 400pc in three years'
Telegraph - 13 Nov 2012 09:05
The silver bull run will continue says investment specialist Ian Williams of Charteris Treasury.
U.S. Redraws World Oil Map
Wall Street Journal - 13 Nov 2012 07:06
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.