Market News

Optimism over a possible deal to avoid the fiscal cliff gave the markets a bit of a boost today, following remarks by House Speaker John Boehner and President Barack Obama who said he hopes to reach a deal before Christm...

Ann (ANN) announced that earnings increased by 26 percent during the fiscal third quarter due to better sales at Ann Taylor retail outlets. Earnings were $40.7 million, or 84 cents per share, up from $32.3 million, or 61...

Top advisors offer up their best ideas for 2013.

Mary Schapiro is leaving the Securities and Exchange Commission with a long list of unfinished business. Unfortunately, President Obama has tapped a replacement, commissioner Elisse Walter, who appears competent, but is ...

Ares Management announced that Ares Dynamic Credit Allocation Fund (ARDC) successfully priced an offering of 16 million shares at a price of $20.00 per share, for a total issuance of $320 million. The total issuance may ...

An unexpected disappointment in housing data helped take down stock markets in early trading and proved that despite a nascent recovery, residential real estate markets are years away from health.  While part of the s...

Fed officials are likely to continue buying long-term mortgage-backed and Treasury bonds in 2013 as they confront a slow-growing economy and threats of new turbulence and uncertainty related to fiscal policy.

Vornado Realty Trust (VNO) was upgraded by Citigroup (C) to neutral from buy with a price target of $85, as the firm believes that better days are ahead for the company and the stock has been oversold.

Ann (ANN) announced that earnings increased by 26 percent during the fiscal third quarter due to better sales at Ann Taylor retail outlets. Earnings were $40.7 million, or 84 cents per share, up from $32.3 million, or 61...

Mary John Miller, a Treasury Department official eyed as a candidate to be SEC chairman, is no longer in the running.

The group said it expects its deal-flow to grow in the next 18 months.

Alliance Financial Corporation (ALNC) maintained its quarterly dividend of 32 cents per share. The dividend is payable on December 19, 2012, to shareholders of record on December 11, 2012.

Activist fund Relational Investors has amassed more than 6% of Timken Co. and wants to split the century-old maker of bearings and transmission parts into two publicly held companies.

ConAgra (CAG) had its numbers increased by Citigroup (C) as the Ralcorp (RAH) transaction should add to the bottom line. A buy rating was issued with a $34 price target.

Former Goldman Sachs director Rajat Gupta will press his case next week to remain free on bail while he challenges his conviction on insider-trading charges.

Knight Capital is in the middle of a bidding war as it considers two acquisition offers from rival bidders who also happen to be major shareholders of the brokerage firm.

SAC Capital said the SEC is considering civil charges against the hedge-fund firm for its alleged role in an insider-trading case. Founder Steven A. Cohen defended his actions in a call with investors.

Crude-oil futures recovered from earlier steep declines, but were still trading lower on the day, after U.S. oil-inventory data ran counter to analysts' expectations.

Investors pushed U.S. stocks back to around the flatline, as markets were buffeted by remarks over the 'fiscal cliff' from Washington.

Centurylink (CTL) was downgraded by Piper Jaffray (PJC) to neutral from overweight with a price target of $42 due to increased competition and higher dividend tax rates making the stock less attractive to investors.

A flash-flood of selling washed more than $25 from the price of gold in the opening minute of Comex floor trading, sending futures toward $1,710 a troy ounce.

The fight for control of brokerage Knight Capital heated up with a formal merger offer from Getco and a competing bid Virtu Financial.